MIRA INFORM REPORT

 

 

Report Date :

13.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SABORES LTDA

 

 

Registered Office :

Carrera 38 No 68B 23 Barranquilla Columbia

 

 

Country :

Colombia

 

 

Year of Establishment :

1985

 

 

Legal Form :

Compania Limitada

 

 

Line of Business :

The firm is in charge of import and distribution chemicals for both food and cleannind industries.

 

 

No. of Employees :

50

 

 

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 50 000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Colombia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – COLOMBIA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

SABORES LTDA

 

 

Legal Address

Carrera 38 No 68B 23 Barranquilla Columbia

Operative Address

Carrera 38 No 68B 23 Barranquilla Columbia

Telephone:

+1(575)-3692333

NIT :

890115209

Fax:

+1(5)-3586845

Legal Form:

Compania Limitada

Email:

INFO@SABORES-CO.COM

Registered in:

Colombia

Website:

N/A

Date Created:

1985

Manager:

SCHIFINO SEGURA ANTONIO NICOLAS : PRESIDENT

Date Incorporated:

NA

Staff:

50

Stock:

N/A

 

 

Value:

N/A

Activity:

The firm is in charge of import and distribution chemicals for both food and cleannind industries.

 

 

BUSINESS

 

HISTORY

 

The company was created in 1985.

 

 

PRINCIPAL ACTIVITY

 

The firm is in charge of import and distribution chemicals for both food and cleannind industries.

Products/Services description:

 

The company sells Flavors, fragances, colourings and conservants.

Sales are:

 

Wholesale

Brands:

 

Givaudan

Suppliers:

 

Givaudan

Operations area:

 

Local

The company imports from Switzerland

The company does not export

Trade References:

 

Givaudan SA

5, chemin de la parfumerie

1214 Vernier

Switzerland

Tel: +41 22 780 9111

PAYMENTS

 

regular

LOCATION

Headquarters

 

Carrera 38 No. 68B-23 Barranquilla Columbia

Branches:

 

Bogotá: 13 avenue, No 86-26, Bogota, Colombia

 

Medellín: 29C street, No.33-06, Medellin, Colombia

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The owner of the firm is Schifino Segura Antonio Nicolas.

Management:

 

President:  SCHIFINO SEGURA ANTONIO NICOLAS

Vice-president: SCHIFINO HURTADO JOAQUIN ANTONIO

Finance: GERMAN PEREZ RESTREP

Accountant: SILVIO FLORENCIO SCHIFINO HURTADO

Sully, Secretary.



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

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

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

 

The company operates in the import and distributing industry in Colombia, which is a well regarded market.

 

It counts with a high profiled provider in Switzerland, where the main articles that the company offers, are from.

 

We believe that at this time, the company cna handle a credit line of USD 50 000

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Sully

Position

 

Secretary

Comments

 

The person contacted didn´t tell us information about the revenues

 

She provided us the following information:

Number of employees: 50

President/Owner: Schifina Antonio Nicolas.

The main supplier of the company is Givaudan from Switzerland.

Headquartes: Carrera 38 No. 68B-23 Barranquilla Columbia

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.