MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Name :	MAPRIAL S.R.L.
Registered Office :	Nataniel Aguirre 645, Cochabamba
Country :	Bolivia
Date of Incorporation :	1995
Legal Form :	Limited Liability Company
Line of Business :	Subject is engaged in trading of chemical inputs for the food industry
No. of Employees :	53

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US$15,000.=
Status :	Moderate
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 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Bolivia	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

IDENTIFICATION

CORRECT COMPANY NAME

MAPRIAL S.R.L.

TAXPAYER REGISTRATION

NIT 1021405022

MAIN ADDRESS

Nataniel Aguirre 645

PROVINCE / DEPARTAMENT

Cochabamba

STATE / REGION

Cochabamba

COUNTRY

BOLIVIA

TELEPHONE

(5914) 4504000

E-MAIL

mapri-ff@entelnet.bo

WEB

www.maprial.com.bo

COMMENTS

Additional E-mails: mapri_cbb_carlosm@hotmail.com; canzea@maprial.com.bo; gerencia@maprial.com 

SUMMARY
Date of foundation	1995
Capital stock	US$500,000.= Dollars
permanent employees	53
Chief Executive	ANZE AVENDAÑO, CARLOS
Disposition	Poor.- Only general information without figures.
Payments policy	Usually to terms/good
Credit (**)	Risk is Moderate. Within Average. Satisfactory.

CREDIT OPINION
Requested credit	MAXIMUM CREDIT
Suggested credit (*)	US$15,000.=
(*) After analyzing different factors and other opinions.

LEGAL BACKGROUNDS

LEGAL STATUS	Limited Liability Company
DATE OF INCORPORATION	1995
PLACE OF REGISTRY	Cochabamba
DURATION	Indefinite
CURRENT PAID-IN CAPITAL	US$500,000.= Dollars
CLASS OF SHARES	Interests
LISTED AT STOCK EXCHANGE	No
CURRENT EXCHANGE RATE (US$)	Bs.6.92 per US$1.= Dollar

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
ANZE AVENDAÑO, WILLY	President	42%
ANZE AVENDAÑO, CARLOS	General Manager	16%
FARAH CALDERON, FAIZALETT	Commercial Manager	42%
CHOQUE CARRASCO, CARLOS	Administrative Manager
ABASTO, ELIZABETH	General Accountant

WHO IS WHO?

ANZE AVENDAÑO, WILLY
NATIONALITY	Bolivian
D.O.B.	1965

BUSINESS

Main activity

Subject is engaged in trading of chemical inputs for the food industry 
 
PRODUCTS: Yogurt cultivation, liquid detergents, powdered creams, gelling agents, liquid fragrances, thickeners, stabilizing agents, liquid coloring agents, etc.; as well as yogurt, juices, gelatins, bread, confectionery, snacks, etc.

Import

Yes

Country

China, Europe, USA, Peru, Colombia, Venezuela, Taiwan, Switzerland, India

Export

No

% CASH SALES / METHOD

30%

% Credit SALES / Terms

70% (30-day terms)

% DOMESTIC PURCHASES

10%

% FOREIGN PURCHASES

90%

SELLING TerritorY

Domestic market

EMPLOYEES

53

LOCATION
PREMISES	Own
FLOORS	1
AREA	700 m2
OTHER PREMISES	Subject's main offices are located on the above-mentioned address. BRANCHES: - La Paz : Av Perú No 233, Lado Terminal. Tel.: 5912 228178. - Santa Cruz: Calle Rómulo Gómez No 120, Entre Isabel la Católica y Guarayos. Tel.: 5913 3580303. - Av. República 1773, Cochabamba. Tel.: 5914 4569200. - El Alto Calle 2 No 317, Zona Bolivar. Tel.: 5912 2822929. * Facilities are rented.

Comments

Subject sells on a 100% wholesale basis.

FINANCIAL INFORMATION

Interviewee(s)	Carlos Choque Carrasco
Position(s)	Administrative Manager
Disposition	Poor.- Only general information without figures.
Information provided	He only provided some general information. This report was supplemented with information that was collected from public sources because he refused to provide more information, since name of the requesting party was not disclosed and subject was not applying to any credits, according to him.
SALES	US$ 0.00 ()
FINANCIAL SITUATION	UNDETERMINED This company's Financial Situation is deemed to be Undetermined because it was not found any financial information to assess its results. Subject's vision is to become leaders in distribution of a wide range of inputs and additivies in order to contribute to the country's development by generating more jobs and contributing to the progress and boost of the Bolivian industry.
Insurance Comments	Subject is not covered by any insurance companies.

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

Supplier: Proserco SRL	Tel.: (5913) 3424511	Country: BOLIVIA
Goods/Services? : Raw material for industry
Highest credit? : US$ 20,000.=
Client since? : 11 years	Terms? : 30 days	Performance? : Prompt
Supplier: Prima Internacional SA	Tel.: (5913) 3436205	Country: BOLIVIA
Goods/Services? : Corn products
Highest credit? : US$ 1,000.=
Client since? : 5 years	Terms? : 30 days	Performance? : Prompt
Supplier: Brasilia	Tel.: (5912) 2441710	Country: BOLIVIA
Goods/Services? : Customs services
Highest credit? : Bs. 90,000.=
Client since? : 15 years	Terms? : 90 days	Performance? : Prompt

Note : Other suppliers did not provide information or could not be consulted

Supplier	Country	Comment
Corporación Mantiense SA	BOLIVIA	It could not be contacted.
Alpe S.R.L.	BOLIVIA	It could not be contacted.
TSI Bolivia S.R.L.	BOLIVIA	It could not be contacted.
Our Network	INDIA
DD Williamson	U.S.A.
Kaifeng	CHINA
Cargill	U.S.A.
Golden Sari	TAIWAN
Obipektin	SWITZERLAND
Internac.Eventos y Serv.Empres.Carlos Yañez	BOLIVIA	It could not be contacted.
Clerici Sacco	SWITZERLAND

LAWSUITS

To the date of this report, it was not found any criminal, civil and/or commercial judgments against subject.

BANKING INFORMATION

Bank

MERCANTIL SANTA CRUZ

DE CREDITO

Subject is a client of the above-mentioned banking entities, which did not provide any information on subject's banking movements under bank secrecy.

CREDIT OPINION

Comnsulted Credit Amount :	MAXIMUM CREDIT
Suggested Credit :	US$15,000.=
NOTE : The opinion given is confidential, referential and with out liability.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.91
UK Pound	1	Rs.81.21
Euro	1	Rs.67.85

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.