MIRA INFORM REPORT

 

 

Report Date :           

15.09.2011

 

IDENTIFICATION DETAILS

 

Name :

GRUPO ALIMENTICIO SA DE CV

 

 

Registered Office :

10 Calle 17-18 Avenida Sureste,  Colonia Grejo,  Local 235a, San Pedro Sula

 

 

Country :

Honduras

 

 

Year of Establishment :

1999

 

 

Legal Form :

Sociedad Anonima de Capital Variable

 

 

Line of Business :

importer and distributor of Foodstuffs

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 20 000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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)

Honduras

c2

c2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

GEOPOLITICS - HONDURAS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Present

Currency: 100.00 HNL = 5.29661 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Grupa Alimenticio SA

Address in the order:

DE. C.V. 10 Calle 17.18 Avenida Sureste Colonia Grejo, Local 235A San Pedro Sula

 

 

Legal Name:

Grupo Alimenticio SA de CV

 

 

Legal Address

10 Calle 17-18 Avenida Sureste,  Colonia Grejo,  Local 235a, San Pedro Sula,  Honduras

 

 

Telephone:

+504 558-5213

RNC :

NA

Fax:

+504 558-5213

Legal Form:

Sociedad Anonima de Capital Variable

Email:

NA

Registered in:

Honduras

Website:

NA

Date Created:

1999

Manager:

Liliana Sandoval, Manager

Date Incorporated:

NA

Staff:

17

Stock:

NA

 

 

Value:

NA

Activity:

Foodstuffs importer and distributor

 

 

BANKS

 

Name of the Bank

BANCO POPULAR

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Foodstuffs importer and distributor

Products/Services description:

 

It engages in providing cinnamon, cumin, pepper, cloves.

 

It also provides foodstuffs raw materials.

 

(Among others)

Sales are:

 

Wholesale

Brands:

 

Sasson, Cashitas And Harpp

Clients:

 

Professionals of the industry

Suppliers:

 

The person contacted refused to provide the name of the suppliers for us to check trade references.

Operations area:

 

National, International

The company export to Central America

The subject employs 17 employee(s)

PAYMENTS

 

made on a 65 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at the address listed above.

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. It is a subsidiary of Grupo Alza SA de CV.

 

4 C Aa 0-74 Z-8 Mixco Col Loma Real San Cristobal, Guatemala

http://www.grupoalza.com/

Management:

 

Liliana Sandoval, Manager

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Ms. Liliana Sandoval, who refused to provide us any financial data without knowing the name of the inquiring party.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

USD

2010

Turnover

1,400,000

Operating Income

23,000

Net Income

16,000

Net worth

230,000

Bank liabilities

0

The cash flow is

Normal

 



Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

Rating

 

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.

 Final Opinion

 

This is a small sized company from Honduras which employs 17 people.

 

It has 12 years of experience in the market.

 

There were no legal filings found against the company or its legal representatives.

 

It is a subsidiary of Grupo Alza SA de CV, from Guatemala.

 

Its activity is listed as: Foodstuffs importer and distributor.

 

It exports its products to Central America.

 

The subject has no bank liabilities at this time.

 

We believe that the company can handle a credit line of USD 20 000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Ms. Liliana Sandoval

Position

 

Manager

Comments

 

The person contacted refused to provide us any information on grounds of confidentiality.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.81

UK Pound

1

Rs.75.16

Euro

1

Rs.65.11

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.