MIRA INFORM REPORT
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Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ENVASES Y SELLOS SA |
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Registered Office : |
23 Avenida 41-14 Z.12, Guatemala |
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Country : |
Guatemala |
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Date of Incorporation : |
11.11.2004 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Manufacture and sale of packaging products |
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No. of Employees
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50 |
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 50,000. |
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Status : |
Satisfactory |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Guatemala |
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 |
GEOPOLITICS - GUATEMALA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Presidential Republic
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Currency: Guatemala (GTQ) 100(GTQ)=12.81(USD) |
IDENTIFICATION
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Comments on data supplied: |
The address provided is incorrect, the
correct address is described below: |
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Legal Name: |
ENVASES Y SELLOS SA |
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Legal Address |
23 AVENIDA 41-14 Z.12, GUATEMALA, GUATEMALA |
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Telephone: |
502-2279 2700 |
NIT : |
38730537 |
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Fax: |
502-2279 2705 |
Legal Form: |
Sociedad Anonima |
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Email: |
Registered in: |
Guatemala, Guatemala |
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Website: |
Date Created: |
December 4, 2004 |
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Manager: |
Víctor Manuel Suarez Valdés |
Date Incorporated: |
November 11, 2004 |
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Staff: |
50 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacture and sale of packaging products. |
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BANKS
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Name of the Bank |
BANCO GYT |
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Name of the Bank |
CITIBANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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Manufacture and sale of packaging products. |
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Products/Services description: |
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Flexible packages, seals, bags, cups, etc. |
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Sales are: |
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Wholesale |
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Suppliers: |
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Transmerquim de Guatemala, S.A Has a relation with the subject of 5 years. It has a credit limit of 75,000 Quetzales, with a monthly consumption
of 20,000 Quetzales, payments are made every 30 days. The information was provided by Mr. Luis Espinoza, who considers them
excellent clients. |
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Operations area: |
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National |
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The company imports from Central America |
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The company export to Central America |
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Insurance: |
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Seguros El Roble. |
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The subject employs 50 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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23 AVENIDA 41-14 ZONA 12 GUATEMALA GUATEMALA |
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The property is: |
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Rented |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. This information is considered as confidential. |
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Management: |
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Legal Rep. y General Manager: Guillermo Suarez Valdés Administrator: Víctor Manuel Suarez Valdés Finance Manager: Arturo Hidalgo Production Manager: Eduardo Suarez Purchase and Collection: Brenda Rodas General Accountant: Francisco Pérez Legal Reps: Representante legal 1: SUAREZ,VALDES,,GUILLERMO, Representante legal 2: SUAREZ,VALDES,,VICTOR,MANUEL Representante legal 3: SUAREZ,VAZQUEZ,,JUAN,POLICARPO |
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 Francisco Pérez who refused to provide us any
financial data on grounds of confidentiality. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
4,670,000 |
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Operating Income |
161,000 |
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Net Income |
89,000 |
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Net worth |
350,000 |
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Bank liabilities |
100,000 |
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The cash flow is |
correct |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
4,500,000 |
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Operating Income |
79,000 |
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Net Income |
55,000 |
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Net worth |
255,000 |
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Bank liabilities |
120,000 |
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The cash flow is |
correct |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
4,800,000 |
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Operating Income |
16,000 |
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Net Income |
3,000 |
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Net worth |
200,000 |
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Bank liabilities |
178,000 |
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The cash flow is |
correct |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
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Final Opinion |
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The company has 7 years of experience, reporting
steady activity and having shown positive development. They currently have 50
employees, for which it is considered a small size company. The profitability is correct, the
indebtedness is controlled, the cash is also correct, and the payments are
regular. Based on the information analyzed, we
recommend a credit line for the maximum amount of USD 50,000. |
SUMMARY
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Profitability |
CORRECT |
Public
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NO |
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Indebtedness |
CONTROLLED |
Payments |
Regular |
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Cash |
CORRECT |
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APPENDIX
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Person Interviewed |
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Francisco Pérez |
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Position |
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General Accountant |
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Comments |
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He provided general information about the company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.24 |
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UK Pound |
1 |
Rs.78.13 |
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Euro |
1 |
Rs.64.79 |
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.