MIRA INFORM REPORT

 

 

Report Date :           

28.01.2012

 

IDENTIFICATION DETAILS

 

Name :

MICROPLAST SAS

 

 

Registered Office :

Carrera 50E 8 Sur 63, Medellin

 

 

Country :

Colombia

 

 

Year of Establishment :

1950

 

 

Legal Form :

Sociedad por Acciones Simplificadas     

 

 

Line of Business :

Packaging Company

 

 

No. of Employees :

300

 

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 300,000

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 30th, 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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Low

Currency: 1.00 COP = 0.000421700 EUR

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

MICROPLAST SAS

Legal Address

Carrera 50E 8 Sur 63, Medellin, Colombia

Operative Address

Carrera 50E 8 Sur 63, Medellin, Colombia

Telephone:

+57 (4) 285-6300

NIT :

NA

Fax:

+57 (4) 255-7716

Legal Form:

Sociedad por Acciones Simplificadas

Email:

microplast@microplast.com.co 

Registered in:

Colombia

Website:

http://www.microplast.com.co/ 

Date Created:

1950s

Manager:

Claudia Jaramillo, Business Development Executive

Date Incorporated:

NA

Staff:

300

Stock:

NA

 

 

Value:

NA

Activity:

Packaging company.

 

 

BANKS

 

Name of the Bank

Bancolombia

 

 

BUSINESS

 

HISTORY

 

The company was created in the 1950s.

PRINCIPAL ACTIVITY

 

Flexible packaging converter company.

Products/Services description:

 

The company offers:

 

Flexible packaging printed or unprinted: Rolls, bags or sheets in different materials

Mono-web, double and triple lamination

Coverage of domestic and international markets

Sales are:

 

Wholesale

Clients:

 

Food and hygiene sectors.

Operations area:

 

National, International

The company export to Depending on demand.

Trade References:

 

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

The subject employs 300 employee(s)

PAYMENTS

 

Regular

LOCATION

Headquarters

 

The company is headquartered at Carrera 50E 8 Sur 63, Medellin, Colombia.

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Despite our long searches we couldn't reach the main shareholders.

Management:

 

Claudia Jaramillo, Business Development Executive

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted a female representative who refused to provide us any financial data without knowing the name of the inquiring party.

Comments on the financial data: As of today, MICROPLAST SAS’s 2010 numerical financial figures were neither released nor revealed to our sources.

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 subject is a medium size company.

 

It was founded in the 50´s. Therefore, it has an excellent experience in its field.

 

MICROPLAST SAS is well known in the market for its quality products, which are ISO certified.

 

The company seems to have an adequate business structure.

 

No evidence of legal or labor antecedents found against the company in the consulted databases.

 

Credit line may be considered for USD 300,000-.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 



APPENDIX

 

Comments

 

We have contacted a female representative at the company's who kindly provided an estimated amount of employees.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.65

UK Pound

1

Rs.77.80

Euro

1

Rs.65.05

 

 

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.