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Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
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Name : |
TEMKIN PACKAGING COLOMBIA SAS |
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Registered Office : |
Avenida Calle 80 No. 116B - 13 Bogotá |
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Country : |
Colombia |
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Year of Establishment : |
2001 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Packaging Company |
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No. of Employees : |
83 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limited: |
USD $150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Colombia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COLOMBIA - ECONOMIC OVERVIEW
Colombia's consistently sound
economic policies and aggressive promotion of free trade agreements in recent
years have bolstered its ability to face external shocks. Real GDP grew 5.7% in
2011 and inflation ended 2011 at 3.7%, continuing almost a decade of strong
economic performance. All three major ratings agencies have upgraded
Colombia''s investment grade. Nevertheless, Colombia depends heavily on oil
exports, making it vulnerable to a drop in oil prices. Economic development is
stymied by inadequate infrastructure, weakened further by recent flooding.
Moreover, the unemployment rate of 10.8% in 2011 is still one of Latin
America''s highest. The SANTOS Administration''s foreign policy has focused on
bolstering Colombia''s commercial ties and boosting investment at home. The
US-Colombia Free Trade Agreement (FTA) was ratified by the US Congress in
October 2011 and is pending implementation in 2012. Columbia has signed or is
negotiating FTAs with a number of other countries, including Canada, Chile,
Mexico, Switzerland, the EU, Venezuela, South Korea, Turkey, Japan, and Israel.
Foreign direct investment - notably in the oil sector - reached a record $10
billion in 2008 but dropped to $7.2 billion in 2009, before beginning to
recover in 2010, and it appears to have reached a record high $13 billion in
2011. Colombia is the third largest Latin American exporter of oil to the US.
Inequality, underemployment, and narcotrafficking remain significant
challenges, and Colombia''s infrastructure requires major improvements to
sustain economic expansion. In late 2010, Colombia experienced its most severe
flooding in decades with damages estimated to exceed $6 billion. The rains
resumed in 2011 causing further damages to crops and infrastructure as well as
killing hundreds of Colombians and displacing millions.
Source
: CIA
GEOPOLITICS – COLOMBIA |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100.00 COP = 0.0555526 USD |
IDENTIFICATION |
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Legal Name: |
TEMKIN PACKAGING COLOMBIA SAS |
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Legal Address |
Avenida Calle 80 No. 116B - 13 Bogotá - Colombia. |
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Operative Address |
Avenida Calle 80 No. 116B - 13 Bogotá - Colombia. |
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Telephone: |
+(57) 1440-3221 // 31 |
NIT : |
900395986 |
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Fax: |
+(57) 1440-3221 |
Legal Form: |
Sociedad Anonima |
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Email: |
info@temkinco.com |
Registered in: |
Colombia |
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Website: |
http://www.temkinco.com |
Date Created: |
2001 |
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Manager: |
Eduardo Melendez Ramirez, President. |
Date Incorporated: |
N.A. |
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Staff: |
83 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Packaging Company. |
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BANKS |
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Name of the Bank |
BANCOLOMBIA |
BUSINESS |
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HISTORY |
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The company was established in the year 2001. |
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PRINCIPAL ACTIVITY |
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The company engages as a provider of packaging services. |
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Products/Services description: |
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The company offers manufacturing, printing, developing and marketing
solutions for flexible packaging applications. |
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Sales are: |
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Wholesale |
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Clients: |
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The company serves professionals in the Promotional, Floral, Food and Personal
Care industries. |
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Suppliers: |
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*Permanent Printing Ltd. (Hong Kong) *Fidupac International Limited (Hong Kong) |
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Operations area: |
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National |
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The company imports from Worldwide, depending on the demand |
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The company exports to the United States. |
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The subject employs 83 employee(s) |
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Comments on staff: |
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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. |
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PAYMENTS |
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No Complaints |
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LOCATION |
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Headquarters |
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The company is headquartered at: Avenida Calle 80 No. 116B - 13 Bogotá
- Colombia. |
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Comments on location: |
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Operative location and executive office. |
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Branches: |
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The company does not report any branches. |
Shareholders - Manager - Related Companies |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. The company operates as a subsidiary of: *Temkin International, Inc. 213 Temkin Way Payson, Utah, United States. Phone: (800) 235-5263 http://www.temkinco.com |
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Management: |
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Eduardo Melendez Ramirez, President. Jose Maria Phillip Villaveces, Vice President. Yolanda Nilia Gonzalez Contreras, Accountant. |
Financials - COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not publish any financial
statements. |
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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. |
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Currency |
DATE |
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COP |
2011 |
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Turnover |
10,533,080,000 |
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Operating Income |
769,070,000 |
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Net Income |
36,421,000 |
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Current Assets |
5,340,587,000 |
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Fixed Assets |
652,045 |
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Net worth |
3,825,422,000 |
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Liabilities |
2,167,210,000 |
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Bank liabilities |
0 |
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The cash flow is |
Normal |
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Legal Filings |
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The sources consulted record no detrimental legal or labor court
information. |
Rating |
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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. |
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Final Opinion |
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The subject is medium sized Colombian company which was established in
the year 2001. The company is active and in good standing. Its business structure is solid and well established. It operates a
facility in Bogota, Colombia, and employs approximately 83 people. The financial information for 2011 indicates that the company has a
normal performance considering its size and activity. Also, the company operates as a Colombian subsidiary of "Temkin
International, Inc", a big sized American company which employs over 500
people and has over 30 years of experience in the market. Having all this information in consideration, according to our
calculations a credit line may be considered for USD $150,000 as maximum. |
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Profitability |
MEDIUM |
Public |
NO |
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Indebtedness |
NIL |
Payments |
NO COMPLAINTS |
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Cash |
NORMAL |
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APPENDIX |
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Person Interviewed |
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Yolanda Nilia Gonzalez Contreras. |
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Position |
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Accountant. |
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Comments |
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According to the receptionist, the accountant refused to answer our
call. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.07 |
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1 |
Rs.84.95 |
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Euro |
1 |
Rs.68.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.