MIRA INFORM REPORT

 

 

Report Date :

18.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DISPROEL SA

 

 

Registered Office :

Calle 64g Nº 92 - 39 Bogotá D.C.

 

 

Country :

Colombia

 

 

Date of Incorporation :

12.09.1976

 

 

Legal Form :

Sociedad Anonima

 

 

Line of Business :

Electrical products manufacturer.

 

 

No. of Employees :

92

 

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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: Low

Currency: 1.00 COP = 0.000560852 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Please take note the name provided in the order is not complete. The company's legal form is "Sociedad Anonima".

Legal Name:

DISPROEL SA

 

 

Legal Address

Calle 64g Nº 92 - 39 Bogotá D.C., Colombia

Operative Address

Calle 64g Nº 92 - 39 Bogotá D.C., Colombia

Telephone:

+57 (1) 436-0066

NIT :

860051579

Fax:

+57 (1) 223-5167

Legal Form:

Sociedad Anonima

Email:

ventas@disproel.com

Registered in:

Colombia

Website:

http://www.disproel.com/

Date Created:

1976

Manager:

Leonardo Rodriguez Bernal, General Manager and Legal Representative

Date Incorporated:

September 12th 1976

Staff:

92

Stock:

NA

 

 

Value:

NA

Activity:

Electrical products manufacturer.

 

 

BANKS

 

Name of the Bank

Bancolombia

Name of the Bank

Banco Popular

Name of the Bank

Hell Bank

 

BUSINESS

 

HISTORY

 

The company was created in 1976.

PRINCIPAL ACTIVITY

 

The company has specialized in offering Solutions in electrical engineering and energy saving through carefully manufactured and design devices, which comply strictly with the latest quality standards.

Products/Services description:

 

The company offers the following products:

Ignitors

Capacitors

Public lighting kits

Ballast

Three phase capacitors

Lighting projects

Armonic filters

Sales are:

 

Wholesale

Clients:

 

Various industries.

Suppliers:

 

Caballero, USA

Propilco, Colombia

Zangua, USA

Operations area:

 

National, International, Local

The company imports from China, Korea, USA, Italy, India

The company exports to Chile, Argentina, Mexico, Peru, Ecuador

Trade References:

 

Caballero, USA

Propilco, Colombia

Zangua, USA

The subject employs 92 employee(s)

Comments on staff:

 

This information was confirmed by the staff.

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at Calle 64g Nº 92 - 39 Bogotá D.C., 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 could not reach the main shareholders.

Management:

 

Leonardo Rodriguez Bernal, General Manager and Legal Representative

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Luis Maria Niño, Accounant, who refused to provide us any financial data on grounds of confidentiality.

Comments on the financial data: As of today, DISPROEL SA’s 2011 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 started its operations in 1976. Therefore, it has a very good experience in its field.

 

DISPROEL SA electrical products. It offers its products within Colombia and internationally, as well.

 

It seems to have an adequate business structure, taking into consideration its main commercial activities.

 

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

 




SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Luis Maria Niño

Position

 

Accounant

Comments

 

We have contacted this person at the company's who kindly provided us the following data:

 

Creation date

Management

Banks

Employees

Payment terms

General commercial data

Suppliers

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.69

Euro

1

Rs.70.44

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.