MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

EVERARDO MALDONADO Y CIA LTDA

 

 

Registered Office :

32 Calle 7-51 Zona 11 Colonia Las Chartas, Ciudada de

 

 

Country :

Guatemala

 

 

Year of Establishment :

1996

 

 

Legal Form :

Compania Limitada

 

 

Line of Business :

The company engages as a packaging industry service provider

 

 

No. of Employees :

30

 

 

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 60 000

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Guatemala

B2

B2

 

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: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

EVERARDO MALDONADO Y CIA LTDA

Trade Name:

AGENCIAS MALDONADO

Legal Address

32 Calle 7-51 Zona 11 Colonia Las Chartas

Ciudada de Guatemala

 

Operative Address

32 Calle 7-51 Zona 11 Colonia Las Chartas

Ciudada de Guatemala

 

Telephone:

(502) 23219000 / 502) 22205898

RTU :

N.A

Fax:

(502) 24762137

Legal Form:

Compania Limitada

Email:

ventasamd@amdenvases.com  

Registered in:

GUATEMALA

Website:

http://www.amdenvases.com

Date Created:

1996

Manager:

Federico Maldonado Reichstein

Date Incorporated:

1996

Staff:

30

Stock:

N.A

 

 

Value:

N.A.

Activity:

Representa,distribuye fabricantes de envases y accesorios.

 

 

BANKS

 

Name of the Bank

BANCOMER

Location                                   

Guatemala

 

BUSINESS

 

HISTORY

 

This company was established in the year 1996

PRINCIPAL ACTIVITY

 

The company engages as a packaging industry service provider.

 

Products/Services description:

 

The company offer packaging services for the following industries:

 

Pharmaceutical

Fisitoterapy

Aromatherapy

Homeopathy

Veterinary

Sales are:

 

Wholesale

Clients:

 

Companies related to Pharmaceutical and Verterinarean industries.

Operations area:

 

National, Local

The company imports from Argentina, asia

The company exports to Central America, Ecuador, U.S., Rep. Dominicana

Trade References:

 

The person contacted refused to provide the names of their suppliers on grounds of confidentiality

The subject employs 30 employees

PAYMENTS

 

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

LOCATION

Headquarters

 

The company is headquartered at 32 Calle 7-51 Zona 11 Colonia Las Chartas Ciudad de Guatemala.

 

 

The property is:

 

Owned

Branches:

 

8 avenida 3-72 zona 1

Ciudad de Guatemala,Guatemala There were no branches found for this company.

 

 

 

Shareholders

 - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a privately held company that has Ing. Federico Maldonado Reichstein as the main shareholder.

Management:

 

Federico Maldonado Reichstein: General Manager

 

Financials

- COMMERCIAL TRENDS AND FORECAST

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

We have contacted Ms. Judith Medina who provided us with the following data:

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.

 

 

Currency

DATE

USD

2011

Turnover

3,000,000

The cash flow is

Normal

 

Currency

DATE

USD

2010

Turnover

2,900,000

Operating Income

101 000

Net Income

79 000

Net worth

350 000

Bank liabilities

10 000

The cash flow is

Normal

 

Currency

DATE

USD

2008

Turnover

2.7 M

Operating Income

39 000

Net Income

21 000

Net worth

155 000

Bank liabilities

30 000

The cash flow is

Normal



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

 

Everardo Maldonado & Cia Ltda know as AGENCIAS MALDONADO has 16 years of experience in the packaging market, from their location in Gutemala, where the company operates with 30 employees. Agencias Maldonado export their products to U.S., Central America and some countries in South America.

 

We did not fin negative information or legal data against the company and based on our research we believe a credit line could be considered for USD 60,000




SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Ms. Judith Medina

Position

 

Asistant

Comments

 

She confirmed us and provided us most of the information for this report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.