|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CI QUIMICA COMERCIAL ANDINA SA (QCA) |
|
|
|
|
Registered Office : |
Calle 12A No. 68C - 25, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1974 |
|
|
|
|
Legal Form : |
Sociedad Anonima |
|
|
|
|
Line of Business : |
Engages as a chemical products wholesale distributor |
|
|
|
|
No. of Employees : |
83 |
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Republic
|
Currency: 100.00 COP
= 0.0554017 USD |
|
Ordered as: |
CI Quimica Comercial Andina SA |
||
|
Address in the order: |
Previous registered name
QUIMICA COMERCIAL ANDINA LTDA Street 12 A 68 C 25 |
||
|
|
|
||
|
Legal Name: |
CI QUIMICA COMERCIAL ANDINA SA (QCA) |
||
|
Trade Name: |
QCA |
||
|
Legal Address |
Calle 12A No. 68C - 25, |
||
|
Operative Address |
Calle 12A No. 68C - 25, |
||
|
Telephone: |
(+57 1) 4178800 |
NIT : |
860039444 |
|
Fax: |
(+57 1) 4143101 |
Legal Form: |
Sociedad Anonima |
|
Email: |
info@qca.com.co |
Registered in: |
Colombia |
|
Website: |
http://www.qca.com.co/ |
Date Created: |
1974 |
|
Manager: |
Jorge Fernando Leon Dub, Gerente General. |
Date Incorporated: |
March 6th, 1974 |
|
Staff: |
83 |
Stock: |
N/A |
|
|
|
Value: |
N/A |
|
Activity: |
Chemical products wholesale distributor. |
||
|
|
|
|
Name of the Bank |
BANCOLOMBIA |
BUSINESS
|
|
|
HISTORY |
|
|
|
The company was founded in the year 1974. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company engages as a chemical products wholesale
distributor. |
|
Products/Services description: |
|
|
|
The company offers: Plastics, PVC Additives, Estabilizors,
MasterBatch, Thermoplastics, Paints, Solvents, Resins, Acids, Alcohols,
Gases, Lubricants, Copper piping, among others. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of the industry. |
|
Suppliers: |
|
|
|
*BASF Mexicana, S.A. de C.V. ( *Rio Polimeros S/A ( |
|
Operations area: |
|
|
|
International |
|
The company imports from Worldwide, depending on the
demand |
|
|
The company exports to the |
|
|
The subject employs 83 employee(s) |
|
|
Comments on staff: |
|
|
|
The figures were not disclosed by the company. They were
conciliated with our private sources and from a particular analysis of the
company´s structure. |
|
PAYMENTS |
|
|
|
Regular. |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at: Calle 12A No. 68C - 25, |
|
Comments on location: |
|
|
|
Corporate Headquarters. |
|
Branches: |
|
|
|
The company operates branches at: * Via Cuarenta No 71
197 L 101 B Tel. (+575) 3606600 Fax. (+575) 3533314 * Carrera 3 No 202 Via Chimita Giron Tel. (+577) 6760760 Fax. (+577) 6761468 * Calle 15 N° 29A-11 Autopista Cali Yumbo, bodega 2A Parque
Logístico Servicomex Tel. (+572) 6654096 - 6654094 - 6654073 - 6654079 -
6654083 - 6654093 * Km 2 vía Turbaco - Centro Industrial Ternera 2, bodega 13 Tel. (+575) 6537211 Fax. (+575) 6619867 *Medellín Carrera 47 F No 82 sur – 41 Sabaneta- Antioquia Tel. (+574) 3014545 Fax. (+574) 3013534 *Mosquera CI Química Comercial Andina Parque Industrial Carrera 1 N° 3-52 Tec Plas, bodega 5 Tel. (+571) 4178800
ext. 16000 Fax. (+571) 4178800 ext. 16099 |
|
Listed at the stock exchange: |
||||
|
|
NO |
|||
|
Shareholders Parent Company(ies): |
||||
|
|
This is a private company. It operates as part of the
"Grupo Bretano": *Bretano Corp (Ultimate Parent Company) Calle 12A No. 68C - 25 Bogotá – |
|||
|
Management: |
||||
|
|
Jorge Fernando Leon Dub, Gerente General. |
|||
|
Related Companies: |
||||
|
|
Subsidiaries of the Bretano Group: *C.I. Química Aromática Andina. *Resoco |
|||
Financials - COMMERCIAL TRENDS
AND FORECAST
|
|
|||
|
As a private company the subject does not publish any
financial statements. |
|
|||
|
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 |
|
||
|
COP |
2011 |
|
||
|
Turnover |
138,729,803,000 |
|
||
|
Operating Income |
(252,560,000) |
|
||
|
Net Income |
229,360,000 |
|
||
|
Current Assets |
56,264,379,000 |
|
||
|
Fixed Assets |
4,549,512,000 |
|
||
|
Net worth |
8,835,449,000 |
|
||
|
Liabilities |
51,978,442,000 |
|
||
|
Bank liabilities |
24,329,040,000 |
|
||
|
The cash flow is |
|
|
||
|
Currency |
DATE |
|
COP |
2010 |
|
Turnover |
106,770,355,000 |
|
Operating Income |
(365,627,000) |
|
Net Income |
271,230,000 |
|
Current Assets |
51,154,834,000 |
|
Fixed Assets |
4,284,783,000 |
|
Net worth |
8,992,133,000 |
|
Liabilities |
46,447,484,000 |
|
Bank liabilities |
19,784,837,000 |
|
The cash flow is |
|
|
Legal Fillings |
|
The sources consulted record no detrimental legal or labor
court information. |
|
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 |
|
|
|
This is a medium sized Colombian company which has been
operating since 1974. The company is active and in good standing according to
the Colombian legislation. The company's structure is solid and established. The
company operates several locations in It is also part of a group of companies related to the
same industry. The financial information indicates that the company has a
good performance and position in the market. |
|
|
|
||
|
Profitability |
CORRECT |
Public |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.21 |
|
|
1 |
Rs.89.42 |
|
Euro |
1 |
Rs.71.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.