MIRA INFORM REPORT

 

 

Report Date :           

15.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

ACEROS MAPA COLOMBIA 2

 

 

Registered Office :

Cra 42 No 32 10 Autopista Sur Itagui

 

 

Country :

Columbia

 

 

Year of Establishment :

1940

 

 

Legal Form :

Sociedad Anonima

 

 

Line of Business :

sells and imports steel

 

 

No. of Employees :

80

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Columbia

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: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

Legal Name:

Aceros Mapa Colombia 2

 

 

Legal Address

Cra 42 No 32 10 Autopista Sur Itagui, Colombia

Operative Address

Cra 42 No 32 10 Autopista Sur Itagui, Colombia

Telephone:

+1 (4) 374 -1313

NIT: :

N/A

Fax:

+1 (4) 373-1600

Legal Form:

Sociedad Anonima

Email:

info@ferreteriamapa.com.co

Registered in:

Colombia

Website:

http://www.ferreteriamapa.com.co

Date Created:

1940

Manager:

Carlos Alberto Piedrahita Gonzalez,  General Manager

Date Incorporated:

NA

Staff:

80

Stock:

N/A

 

 

Value:

N/A

Activity:

The company sells and imports steel.

 

 

BANKS

 

Name of the Bank

Bancolombia

 

 

BUSINESS

 

HISTORY

 

The company was created in 1940.

PRINCIPAL ACTIVITY

 

The company sells and imports steel.

Products/Services description:

 

The company offers:

 

- Specialty Steel.

- Stainless Steel.

- Beams.

- profiles.

- sheets.

- pipes.

- perforated sheets.

- Aluminium.

- Mesh Cloth.

 

Among Others.

Sales are:

 

Wholesale

Suppliers:

 

- Dongbei Special Steel Group Beiman; (Busan, South Korea)

 

- YEUN CHYANG INDUSTRIAL CO.,LTD; NO.270,SEC.4,JUNGSHAN ROAD (CHANGHUA, TAIWAN)

Operations area:

 

National

The company imports from South Korea and Taiwan

The company does not export

The subject employs 80 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

CARRERA 42 NO.32-10, ANTOPISTA SUR, ANTIOQUIA, COLOMBIA

Branches:

 

- Dosquebradas cra 7,  8-49 (la badea)

 

- Medellin; cra 51, no 40-50 (avenida bolivar)

 

- Pereira, calle 19, no 16-20

 

- Cali, calle 34, no 7-109, B/industrial

 

- Bogota, calle 18, no 23-49, paloquemao



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The compay is privately held and Carlos Alberto Piedrahita Gonzalez would be the owner.

Management:

 

- Carlos Alberto Piedrahita Gonzalez, General Manager.

 

- Catalina Rivera, importation officer.



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Catalina Rivera, the importation manager, who refused to provide us any financial data without knowing the name of the inquiring party.

Comments on the financial data: At this time, the 2010 financial figures were neither revealed nor released 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

 

This is a medium size company that has around 80 employees and  more than 70 years if experience.

 

The company's structure is solid and well established in Colombia.

 

The subject has developed a national network for the distribution of their products and services.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Catalina Rivera.

Position

 

Import Officer.

Comments

 

The person interviewed gave us the following information:

 

- Headquarters.

 

- Branch´s locations.

 

- Number of employees.

 

- Export/Import information.

 

- Creation date.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.90

UK Pound

1

Rs.78.15

Euro

1

Rs.65.09

 

 

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.