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MIRA INFORM REPORT
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Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
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Name : |
FEDERACION NACIONAL DE ARROCEROS (FEDEARROZ) |
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Registered Office : |
Carrera 100 No. 25H-55 Bogotá |
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Country : |
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Year of Establishment : |
1947 |
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Legal Form : |
Entidad Gremial Sin Animo De Lucro |
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Line of Business : |
Rice Seed Production |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 600,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a2 |
a2 |
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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 |
GEOPOLITICS - COLOMBIA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100 COP = 0.052 USD |
IDENTIFICATION
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Ordered as: |
Federacion Nacional de Arroceros |
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Address in the order: |
Fedearroz, Calle 100 No 25H-55 Bagota D C |
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Legal Name: |
Federacion Nacional de Arroceros (FEDEARROZ) |
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Trade Name: |
FEDEARROZ |
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Legal Address |
Carrera 100 No. 25H-55 Bogotá - |
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Telephone: |
(1) 425 1150 |
NIT : |
860.010.522-6 |
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Fax: |
(1) 425 2027 - (1) 425 2028 |
Legal Form: |
Entidad Gremial Sin Animo De Lucro |
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Email: |
Registered in: |
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Website: |
Date Created: |
1947 |
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Manager: |
Rafael Hernandez Lozano, Legal Representative |
Date Incorporated: |
NA |
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Staff: |
300 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Rice seed production |
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BANKS
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Name of the Bank |
Bancolombia |
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Name of the Bank |
Banco Agrario de Colombia |
BUSINESS
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HISTORY |
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The company was created in 1947. |
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PRINCIPAL ACTIVITY |
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Rice seeds manufacturers and distributors |
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Products/Services description: |
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The company offers rice seeds. The company forecasts a production of at least 3 million tonnes of
seeds for the year 2011. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, Local, International |
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The company imports from worldwide |
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The company exports to worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at Carrera 100 No. 25H-55 Bogotá |
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Branches: |
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The company has several locations throughout the country. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is regulated by the Ministry of Agriculture. |
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Management: |
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Rafael Hernández Lozano, Legal Representative Rosa Lucía Rojas Acevedo, Secretary Carlos Guzmán, Assistant
Financial Manager Miguel Diago Ramírez,
Assistant Technical Manager Jairo Alonso Brujes, Assistant Commercial Manager Nestor Gutiérrez Alemán, Director |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Jesus Beltran from the accounting department who
provided us with the following data (estimates): |
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Currency |
DATE |
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COP |
2010 |
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Turnover |
70,000,000,000 |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final
Opinion |
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This company has been in business for 63
years; it has a staff of 300 employees which makes it a medium sized company. A credit line may be considered for USD
600,000. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Jesus Beltran |
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Position |
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Accounting Department |
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Comments |
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He provided all of the information in this report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.15 |
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 |
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.