MIRA INFORM
REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CASTRO DUQUE FRANCISCO ESTEBAN |
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Registered Office : |
Av de los Shyris N37-236 y El Zuriago - Quito , Pichincha |
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Country : |
Ecuador |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
15.09.2008 |
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Legal Form : |
Natural Person |
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Line of Business : |
Marketing of parts and pieces of jewelry and articles of
goldsmiths (plaques, trophies, medals, etc.). |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Dollars 20.000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Ecuador |
c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION
CASTRO
DUQUE FRANCISCO ESTEBAN
( TROFEOS CASTRO )
Av de los Shyris N37-236 y El Zuriago
- Quito
Pichincha
ECUADOR
Telephone :
593-2-2431818, 593-2-2246573
E_Mail : artes@hotmail.com
Web Site : www.trofeoscastroec.com
SUMMARY
Started
: 2008
Payments :
Prompt
Sic(s) 5944
Line of Business: Marketing of
parts and pieces of jewelry and articles of
goldsmiths.
Credit Recommendation
Dollars
Conservative value : 20.000
Liberal value
: 25.000
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
TRADE REFERENCES
Do not trade with domestic
suppliers
This company is part of the ''White listing'' of the Internal Revenue Service
(IRS). It means that tax obligations are promptly met.
Up to April 20, 2011, this company has NO delayed payments at IESS (Ecuadorian
Institute of Social Security)
Mr. Francisco Esteban Duque Castro, no credits recorded in the National
Financial System.
Income tax corresponding to the last years:
Year 2010: USD 6.398
Year 2009: USD 2.613
Year 2008: USD 0
BANKS
No detail on banks was informed.
OPERATIONS
Line of Business : Marketing of parts and pieces of
jewelry and articles of
goldsmiths (plaques, trophies, medals, etc.).
The line of business registered at the Internal Revenue
Services(IRS) is: MANUFACTURE OF PARTS AND PIECES OF
JEWELRY
OR SILVER ITEMS.
Classification according to commercial activity:
Sic: 5944-0000 Jewelry stores
Sales
Sales are steady throughout the year
National sales territory
Customers
Main customers are: Public in general.
Purchases
Domestic and international purchases
Employees: Number of employees unknown
Location
- The local administration and sales are in the
Av de los Shyris N37-236 y El
Zuriago Quito Pichincha, Ecuador
Branches
Subject does not have any branch
- E10-11 Turkey registered a branch, but
confirm that it does not work.
- Manuel Larrea 311 y Arenas is located a
branch, although not legally
registered.
RELATED COMPANIES
Subject is related with the following companies:
- Castro Segovia Fabian Roberto T A X :
1703817823001
- Duque Calisto Eugenia de Lourdes T A X :
1704536182001
INSURANCES
Insurance details were declined.
ADMINISTRATION
Owner Manager : Francisco
Esteban Castro Duque TAX:1714115837001
Administrator
: Ximena Vacancela
CURRICULUM
Francisco Esteban Castro Duque
T A
X
: 1714115837001
Civil status : Single
Birth date : 10/09/1989
Quito Pichincha-Ecuador
Position :
General Manager
LEGAL INFORMATION
Legal Structure : Natural Person
Constitution date : 15/09/2008
Legal Address : Quito - Ecuador
Owner
:
- 1714115837001 Francisco Esteban Castro Duque
Legal representation is held by Owner Manager.
This company was established based on the business of his parents Mr Fabian
Roberto Castro Segovia (since 1983) and Ms. Eugenia de Lourdes Duque Calisto
(since 1994), who have 4 stores in the city of Quito.
INFORMATION SOURCES
Miss. Ximena Vacancela,
Administrator, declined financial
information as she is not authorized to provide it, however, submitted
general
information.
-Other outside information sources.
Exchange rate
-Since September 9th, 2000, official currency in Ecuador
is the US$ dollar
-Until then, the currency was the sucre.
Exchange rate was s/. 25.000 X US$ 1.00
INTERPRETATION OF PAYMENT SCORING
The Scoring is arranged as follows: 0 to 40 Delays, 41 to 60 Slow, 61 to 80
Moderate, 81 to 100 Prompt
Macroeconomic Information
Interest
Rate for the week
of
01/03/2011 - 31/03/2011
Ref.
Active Rate for Operations ( %
) 8,65
Ref.
Passive Rate for Operations ( % ) 4,59
Basic
Rate of Central Bank ( % )
Legal
( % ) 8,65
Maximum
conventional
( % ) 9,33
Inflation
Ratio
Monthly
Inflation
( % ) 0,55 Feb/2011
Accumulated
( % ) 1,24 Jan/2011
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.