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Report Date : |
30.10.2012 |
IDENTIFICATION DETAILS
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Name : |
VIAPPIANI DE COLOMBIA SAS |
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Registered Office : |
Km. 1 Vía la Unión La Ceja, La Ceja-Antioquia |
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Country : |
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Date of Incorporation : |
29.08.2012 |
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Legal Form : |
Sociedad Anonima Simplificada |
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Line of Business : |
Adhesive Labels Printers |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
|
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.
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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 = 0.0545535 USD |
|
Legal Name: |
VIAPPIANI DE COLOMBIA SAS |
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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 : |
NA |
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Fax: |
+57 4 553 13 36 |
Legal Form: |
Sociedad Anonima Simplificada |
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Email: |
Registered in: |
Colombia |
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Website: |
Date Created: |
August 29th. 2012 |
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Manager: |
Gerold Zeller, Manager |
Date Incorporated: |
NA |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Adhesive Labels Printers. |
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Name of the Bank |
BANCOLUMBIA |
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HISTORY |
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The company was founded in August 2012. |
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PRINCIPAL ACTIVITY |
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Adhesive Labels Printing. |
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Products/Services description: |
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This represents a classic variant in self adhesive labels for safety
products, frozen foods, plastic containers, textile products, etc. They come in
different films such as polypropylene, polyethylene, PVC, glazed paper or
"bond" type. Any of these applications may be combined with a wide
range of adhesives, which, combined with basic prints and special finishes
(embossed, textured, varnish, scented labels) offer the ideal solution for
the necessities of each client who is looking for added value in their
product portfolio. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references. |
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Operations area: |
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National, International |
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The company imports from depending on the demand. |
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The company exports to Ecuador, Venezuela, Panama, Costa Rica, etc. |
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LOCATION |
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Headquarters |
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The company is headquartered at: Km. 1 Vía la Unión La Ceja
Antioquia-Colombia |
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Branches: |
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No branches have been found. |
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. It is a subsidiary of Tann Colombiana S.A. Carrera 43 A No.14-109 Ed. Novatempo Of. 206 Medellín - Colombia A.A. 75681 Tel: +57 4 555 00 00 Fax: +57 4 268 78 72 Its ultimate parent company is CTI Invest AG. |
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Management: |
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Gerold Zeller, Manager |
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Related Companies: |
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Viappiani Printing S.r.l. Viappiani Germany GmbH Etc. |
Commercial trends and forecast
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As a private company the subject does not
publish any financial statements. |
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We have contacted a male
representative who refused to provide us any financial data on grounds
of confidentiality. |
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Comments on the financial data: Since the
company has not completed a full financial year, there's no financial data
available yet. |
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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 low 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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This is a Colombian company which was
created in August 2012. It engages as Adhesive Labels printers. It is a subsidiary of Tann Colombiana
S.A., which is very well known in the market. The group has international presence. There were no legal filings found against
the company or its legal representatives. The subject has not completed a full
financial year, so there's no financial data available yet. At this time, we suggest working with
GUARANTEES and a review in 6-9 months to check on the company's evolution. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Position |
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Male representative |
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Comments |
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The person contacted refused to provide us any information on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.81 |
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UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
---- |
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.