MIRA INFORM REPORT
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Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
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Name : |
FORMULARIOS STANDARD SA |
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Registered Office : |
1 Cll 35-39 Zona 11, Guatemala City |
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Country : |
Guatemala |
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Date of Incorporation : |
06.09.1977 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Printing Services |
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No. of Employees
: |
75 |
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 75,000 |
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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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Legal Name: |
FORMULARIOS STANDARD SA |
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Legal Address |
1 CLL 35-39 ZONA 11 GUATEMALA CITY, GUATEMALA |
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Mailing Address |
PO BOX 435-01011 |
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Telephone: |
(502) 2423 8900/502 2594 0840 |
NIT : |
153222-7 |
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Fax: |
(502) 2439 4954 |
Legal Form: |
Sociedad Anonima |
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Email: |
Registered in: |
GUATEMALA |
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Website: |
Date Created: |
Mrach 2, 1978 |
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Manager: |
Luis Felipe Martinez Marroquin |
Date Incorporated: |
September 6, 1977 |
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Staff: |
75 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Printing services. |
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BANKS
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Name of the Bank |
BANCO INDUSTRIAL |
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Name of the Bank |
BANRURAL |
BUSINESS
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PRINCIPAL ACTIVITY |
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Company engages in the printing services. |
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Products/Services description: |
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Commercial forms Continuous forms Stock paper Special commercial forms Adhesive forms Rolls Vouchers etc. |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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Formularios Standard |
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Operations area: |
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National. |
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The company imports from Asia and America. |
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The company export to El
Salvador, Panama, Honduras, Nicaragua, Costa Rica |
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The subject employs 75 employee(s). |
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PAYMENTS |
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made on a 56 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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1 Cll 35-39 Zona 11 Guatemala City, Guatemala |
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The property is: |
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Owned |
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Comments on location: |
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Divided in administrative offices, warehouse and sales area. |
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Branches: |
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.1 Quetzaltenango Oficinas de ventas Tel. (502) 77635466 Fax. (502) 77674262 Direccion: Av. Las Americas, Centro Comercial Galerias las Americas,
5-59 z.9, Quetzaltenango, Guatemala Email: fxela@guate.net |
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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Luis Felipe Martinez Marroquin
Major Shareholder |
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Management: |
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Luis Felipe Martinez Marroquin: General Manager/President Edgar Juarez: Accountant Manuel Escribaldo: Sales Manager Edna Castellano: Sales Secretary |
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Related Companies: |
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The subject is related with other companies in the following countries
(the names were not obtained) -El Salvador -Honduras -Nicaragua -Costa Rica -Panamá |
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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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 |
4,510,000 |
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Operating Income |
188,000 |
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Net Income |
126,000 |
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Net worth |
350,000 |
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Bank liabilities |
0 |
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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 |
4,050,000 |
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Operating Income |
27,000 |
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Net Income |
15,000 |
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Net worth |
100,000 |
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Bank liabilities |
20,000 |
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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 |
4,100,000 |
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Operating Income |
31,000 |
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Net Income |
18,000 |
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Net worth |
90,000 |
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Bank liabilities |
35,000 |
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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 35 years of experience. They
currently have 75 employees, for which it is considered a medium size
company. The profitability is correct, the
indebtedness is controlled, the cash is also correct, and the payments are
regular. We recommend a credit line for the maximum
amount of USD 75,000, based on its size, sales and experience. |
SUMMARY
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Profitability |
CORRECT |
Public |
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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Administration Department |
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Comments |
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The person contacted only confirmed the address of the company and
little general information of the company. He refused to provide his name or position
and also refused to contact us with another administrative due to
confidentiality. The information in this report was obtained using third sources. |
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.