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Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
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Name : |
LIDO S.A. DE C.V. |
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Registered Office : |
Boulevard del Ejército Nacional, Km.6, Soyapango/San Salvador |
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Country : |
EL Salvador |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.05.1953 |
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Com. Reg. No.: |
171 Book 13, 2º Civil Court Page 730/746(13/10/53) |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Manufacture of bakery products, such as biscuits, cakes, breads and pastries in general. |
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No. of Employees : |
500 approximately |
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 : |
USD 100,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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EL Salvador |
B2 |
B2 |
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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
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CORRECT COMPANY NAME |
LIDO S.A. DE
C.V. |
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TAXPAYER REGISTRATION |
NIT 0614-160553-002-7 |
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MAIN ADDRESS |
Boulevard del Ejército Nacional, Km.6, |
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PROVINCE / DEPARTAMENT |
Soyapango/San Salvador |
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COUNTRY |
EL SALVADOR |
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TELEPHONE |
(503) 25211433 |
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E-MAIL |
info@panlido.com.sv |
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WEB |
www.panlido.com.sv |
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COMMENTS |
The report was requested as Lido, located at 6 Boulevar Del Ejercito Nacional Km Supayango, San Salvador - El Salvador ; We clarify both the correct legal name and correct address is as shown above in the report. |
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LEGAL BACKGROUNDS
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
16MAY1953 |
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PLACE OF REGISTRY |
Soyapango |
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NOTARY OFFICE |
Dr. Roberto Alvergue Vides. |
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REGISTRATION |
171 Book 13, 2º Civil Court Page
730/746(13/10/53) |
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CURRENT PAID-IN CAPITAL |
C/.600,000.= Colones |
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SHAREHOLDERS EQUITY |
6,348,148.13 USA Dollars (31DEC2010) |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
C/.8.75 por Dólar USA |
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COMMENTS |
Another record: File 303. VAT 286-0. The Board was registered under the Record No.53, Book of Companies 2482, pages 238/240 (as of 20/09/2009) for a period of 5 years. Registered on 21/10/2009. We know that until September 2009, 7.08% of the shares were controlled by who was in life Mr. Raul Molina Martinez and 7.25% by other shareholders whohave not been identified. Third parties report that after the death of Mr. Raul Molina there would be a family economic conflict. |
DIRECTORS - EXECUTIVES – SHAREHOLDERS
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WHO IS WHO?
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MOLINA MARTINEZ,
MANUEL ROBERTO |
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NATIONALITY |
Salvadorian |
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MOLINA DE
LONDOÑO, ANA VICTORIA |
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NATIONALITY |
Salvadorian |
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MOLINA CASTILLO,
MIGUEL ROBERTO |
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NATIONALITY |
Salvadorian |
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BUSINESS HISTORY
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The Subject is a part of the "Lido Group" together with the following companies |
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RELATED COMPANIES TO SUBJECT
COMPANY OR TO MAJORITY SHAREHOLDER
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BUSINESS
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Main activity |
Manufacture of bakery products, such as biscuits, cakes, breads and pastries in general. Trademark: "PAN LIDO" |
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Import |
Yes |
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Country |
Spain and USA, via transfer. |
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Export |
No |
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% CASH SALES / METHOD |
100% |
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SELLING TerritorY |
100% National market. |
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EMPLOYEES |
500 approximately |
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Comments |
Sales are oriented to distributors. |
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FINANCIAL INFORMATION
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Interviewee(s) |
Third-party sources |
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Disposition |
Report prepared through third-party sources. |
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Information provided |
Despite several verbal and written requests, the company representatives have not given us an answer. We will insist and if we obtain positive results immediately we will issue a supplemental report; Otherwise, please consider this report as a final report. Meanwhile, we have produced this profile based on data obtained from third parties, public sources, official and our own records, where we got a summary of their Balance Sheet for the Fiscal year ended on 31/12/2010, expressed in dollars. The amount of sales of year could not be learnt. |
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FINANCIAL SITUATION |
LIGHTLY FAIRAccording to the last Financial Statement, Subject's Financial Situation is considered Lightly Fair, as its Liquidity Ratio and Working Capital are satisfactory. Liabilities are supported by stockholders' equity. However, the company incurred in Loss. Despite it, we should note that in general no operational problems have been reported to this Company since inception and recent references provided by its suppliers show it meets its trade obligations responsibly. |
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Property of company comments |
Subject is referred to have a fleet of over one hundred vehicle units, including cars, vans, trucks, trailers and pickups of the trademarks CHEVROLET, KIA, HYUNDAI, NISSAN, MAZDA, TOYOTA, MITSUBISHI, MERCEDES BENZ, FRUEHAUF, GREAT DANE, Models 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001 and other years, with some of the license plates of most recent vehicles: P606409, P577795, P82383, P577650, P558906, P558895, P558888, P558885, P558899, P558908, P572611, P572613, P558901, and so on. |
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Insurance Comments |
We were unable to confirm the name of the insurance company with which Subject keeps its policies, however, we know that up until recently was working with ASEGURADORA SUIZA SALVADOREÑA - ASESUIZA. |
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PAYMENTS RECORD: TRADE
REFERENCES
(Confidential
Information) |
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Note : Other
suppliers did not provide information or could not be consulted |
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CREDIT HISTORY Earlier reports showed a clean business history without negative records |
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BANKING INFORMATION
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The Subject Company makes their deposits,
credits, loans, payment of import duties through the above referred banks,
which did not provide references. |
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GENERAL INFORMATION
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REPUTATION |
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NOTHING AGAINST COMPANY Maximum Credit
Limit : USD 100,000 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.14 |
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1 |
Rs.77.86 |
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Euro |
1 |
Rs.66.06 |
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 |
-- |
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.