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Report Date : |
13.10.2012 |
IDENTIFICATION DETAILS
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Name : |
TANN COLOMBIANA SA |
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Registered Office : |
Km. 1 Vía la Unión La Ceja La Ceja-Antioquia |
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Country : |
Colombia |
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Year of Establishment : |
1978 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Printing labels |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000. |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Colombia |
A2 |
A2 |
|
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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100.00 COP = 0.0555574 USD |
|
Legal Name: |
TANN COLOMBIANA SA |
||
|
Legal Address |
Km. 1 Vía la Unión La Ceja La Ceja-Antioquia-Colombia. |
||
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Operative Address |
Km. 1 Vía la Unión La Ceja La Ceja-Antioquia-Colombia. |
||
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Telephone: |
+57 4 555 00 00 |
NIT : |
860068101 - 9 |
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Fax: |
+57 4 553 13 36 |
Legal Form: |
Sociedad Anonima |
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Email: |
Registered in: |
Colombia |
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Website: |
Date Created: |
1978 |
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Manager: |
Gloria Velasquez, Project Manager |
Date Incorporated: |
NA |
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Staff: |
NA |
Stock: |
NA |
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|
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Value: |
NA |
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Activity: |
Printing labels |
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Name of the Bank |
Bancolombia |
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HISTORY |
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The subject was founded in the year 1978. |
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PRINCIPAL ACTIVITY |
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The subject is specialized in the printing of all types of labels. |
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Products/Services
description: |
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Labels Sleeves Squeeze In-mould Digital Sachets Tattoo Booklets The subject also provides narrow-web rotary systems technology such as
flexography, letterpress, rotary screen and digital printing. |
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Sales are: |
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Wholesale |
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Clients: |
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Cosmetics, personal hygiene, house cleaning and pharmaceuticals, among
others. |
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Operations area: |
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National, International, Local |
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The company imports from Mainly Europe and Asia |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
on grounds of confidentiality. |
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The subject employs NA employee(s) |
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Comments on staff: |
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|
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The staff number was not provided or released to our sources. |
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PAYMENTS |
|
|
|
regular |
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LOCATION |
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Headquarters |
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This company is headquartered at Km. 1 Vía la Unión La Ceja La
Ceja-Antioquia-Colombia. |
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Branches: |
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The structure has three additional locations: -Carrera 57#45-34 Barrio la Esmeralda Bogotá, Colombia. -Carrera 37A #4-30 Apto. 301 B Conjunto María Fernanda. Cali,
Colombia. -Carrera The last company also operates as an international office. No other branches were found for this company. The mentioned information could not be verified. |
Manager - Related
Companies
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Shareholders Parent Company(ies): |
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This company would be a wholly owned subsidiary of CTI Invest AG , a private
company located in Austria. CTI Invest AG Johann-Roithner Straße 131 A-4050 Traun / Austria Phone: +43 7229 90600-0 office@ctiinvest.com www.ctiinvest.com The mentioned structure also has companies in Brazil, Canada, Spain
and Italy. The mentioned information was not confirmed during the interview. |
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Management: |
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Gloria Velasquez, Project Manager |
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Related Companies: |
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The structure would have the following sister company: VIAPPIANI DE COLOMBIA S.A.S. Carrera 43A no.14-109 Of. 206 Edif. Novatempo ZIP: 055021 Medell’n / Colombia Tel.: +57 4 555 0000 colombia@viappiani.com www.viappiani.com.co However, this information could not be verified. |
COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted Liliana from the accounting dept who refused to
provide us any financial data on grounds of confidentiality. |
|
Currency |
DATE |
|
COP |
2011 |
|
Turnover |
28,725,429,000 |
|
Operating Income |
4,683,496,000 |
|
Net Income |
3,259,383,000 |
|
Current Assets |
14,694,899,000 |
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Fixed Assets |
26,664,540,000 |
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Net worth |
32,383,135,000 |
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Liabilities |
8,976,304,000 |
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Bank liabilities |
2,026,557,000 |
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The cash flow is |
Normal |
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Comments on the financial data: The structure
has a FOB amount in the range of USD 387,019. |
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Legal Filings |
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The
sources consulted record no detrimental legal or labor court information. |
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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 |
|
|
|
Tann Colombiana SA is an established
company operating for over 34 years. The structure has a strong national and
international presence due to the nature of its business and the support of its
parent company which was mentioned on this report. There were no legal filings found against
the company or its legal representatives. Regarding the financial information
analyzed, the company gave a very good profitability for the year 2011. In addition, indebtedness is controlled
and therefore fully recovered by the company’s net worth. At this point, considering the information
analyzed. We consider a credit line in the range of
USD 150,000. In order to increase the credit line
given, we recommend a review within 4 months to check any possible evolution. |
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Profitability |
VERY GOOD |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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|
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Person Interviewed |
|
|
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Liliana |
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Position |
|
|
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Representative from accounting |
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Comments |
|
|
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The person contacted claimed she was not authorized to release
information about the company as per policy. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
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 |
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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 |
|
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 |
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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 |
|
<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.