|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
INVESA SA |
|
|
|
|
Registered Office : |
Cra. 48 No 26Sur-181 Loc. 314A, Envigado, Antioquia |
|
|
|
|
Country : |
Colombia. |
|
|
|
|
Financials (as on) : |
25.03.1958 |
|
|
|
|
Date of Incorporation : |
31.12.2012 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of agrochemical products, pesticides,
adhesives and paints. |
|
|
|
|
No. of Employees : |
400 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Colombia. |
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to 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 10.3% in 2012 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 implemented in 2012. Colombia has signed or is negotiating FTAs with a number of other countries, including Canada, Chile, Mexico, Switzerland, the EU, Venezuela, South Korea, Turkey, Japan, China, Costa Rica, Panama, and Israel. Foreign direct investment - notably in the oil and gas sectors - reached a record $10 billion in 2008 but dropped to $7.2 billion in 2009, before beginning to recover in 2010, and reached a record high of nearly $16 billion in 2012. Colombia is the third largest Latin American exporter of oil to the United States, and the United States' largest source of imported coal. Inequality, underemployment, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion
|
Source : CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
INVESA SA |
|
TRADE NAME |
PINTURAS SAPOLIN |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
8909006523 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Cra. 48 No 26Sur-181 Loc.
314A |
|
CITY/PROVINCE/STATE |
Envigado, Antioquia |
|
PHONE NUMBER(S) |
(57-4) 334.2727 |
|
FAX NUMBER |
(57-4) 334.2595 |
|
E-MAIL |
|
|
WEB SITE |
|
|
COMMENTS OF IDENTIFICATION.- |
The Subject also uses the abbreviation
for of TIENDAS DEL COLOR SAPOLIN. The supplied address: Planta Girardota
Autopista Norte Km 24 Vereda La Plama, Girardota-Antioquia Nit 890900652-3,
Colombia, is incorrect and mixed with the Tax Id. (NIT) of the company.
Please be advised that the correct address is the one mention in caption. |
|
LEGAL ASPECTS |
|
|
LEGAL STATUS |
Stock Company |
|
INCORPORATION DATE |
25/03/1958 |
|
REGISTERED
IN |
Medellin |
|
DURATION |
25/03/2063 |
|
NOTARY OFFICE |
notary 7 |
|
REGISTRATION |
Deed No. 730/ No. 0002267 |
|
PAID-UP CAPITAL |
Ps$6,033,697,000.00 Colombian
Pesos |
|
LAST CAPITAL INCREASE |
Last registered |
|
NET WORTH |
Ps$85,283,085,000.00
Colombian Pesos, as of 31/12/2012 |
|
TYPE OF SHARES |
Registered shares |
|
LISTED AT STOCK EXCHANGE |
NO |
|
RATE OF EXCHANGE |
US$1.00 = Ps$1,946.50, as of
report date |
|
BACKGROUND (HISTORY).- |
|
|
Initially established as
Limited Liability Company under the legal name INVERSIONES QUIMICAS INVEQUIMICA
LTDA.. established by Public Deed No. 730 of 25/03/1958, notary 7 of Medellin
Registered under No. 0002267 with the Public Registry carried by the Aburra
Sur Chamber of Commerce. Duration: 25/03/2063. Year of last Registry renewal:
2013. Current. Authorized Capital, Ps$10,000,000,000; Paid In Capital,
Ps$6,033,697,000.00. Number of shares, 10,000,000; Nominal value per share,
PS$1,000.00. By public deed 4194 of 27/12/1962, notary 1 of Medellin, the
company changed its legal name from INVERSIONES QUIMICAS INVEQUIMICA LTDA. to
INVERSIONES QUIMICAS LTDA. INVEQUIMICA. By public deed 6386 of 23/12/1970,
notary 5 of Medellin, the company changed its legal structure from
INVERSIONES QUIMICAS LTDA. INVEQUIMICA to PINTURAS TECNICO INDUSTRIALES Y
CIA. S.C.A. By public deed 2823 of 09/06/1971, notary 5 of Medellin, the
company changed its legal name from PINTURAS TECNICO INDUSTRIALES Y CIA.
S.C.A. to P.T.I. Y CIA. INVEQUIMICA S.C.A. By public deed 4749 of 16/10/1981,
notary 5 of Medellin, the company changed its legal name from P.T.I. Y CIA.
INVEQUIMICA S.C.A. to INVE-QUIMICA Y CIA. S.C.A. By public deed 817 of
15/04/1987, notary 17 of Medellin, the company changed its legal structure
from INVE-QUIMICA Y CIA. S.C.A. to INVEQUIMICA S.A. By public deed 230 of 09/02/1989,
notary 17 of Medellin, the company changed its head office from MEDELLIN to
ITAGUI. By public deed 2001 of 23/05/1996, notary 20 of Medellin, the company
changed its legal name from INVEQUIMICA S.A. to INVEQUIMICA S.A. expression
INVESA S.A. By public deed 4768 of 20/12/2000, notary 20 of Medellin, the
company changed its legal name from INVEQUIMICA S.A. abbreviation: INVESA
S.A. to INVEQUIMICA S.A. - INVESA. By public deed 4768 of 20/12/2000, notary
20 of Medellin, the company absorbed to PINTURAS SAPOLIN S.A. By public deed
1752 of 14/06/2001, notary 20 of Medellin, the company changed its head
office from ITAGUI to ENVIGADO. By public deed 1508 of 04/06/2008, notary 20
of Medellin, the company changed its legal name from INVEQUIMICA S.A. - INVESA
to INVESA S.A. |
|
|
COMMENTS RELATED COMPANIES |
|
|
Affiliates: INVECOMERCIAL
S.A. - NIT 8909398511, Envigado; Sale of agrochemical products and hardware
items. Sales as of 2012, Ps$24,675,168,000.00 |
|
|
BOARD OF
DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
URIBE URIBE, ALFONSO JAVIER |
President Director/Legal
Representative |
|
|
SIERRA MORENO, RICARDO |
Director |
|
|
TORO LUDEKE, CRISTIAN JAVIER |
Director |
|
|
URUBE URIBE, JOAQUIN ROBERTO |
Director/Alt. Legal. Rep./ Branch Mger. - Bogota |
|
|
URIBE
POSADA, ALVARO |
Director/Alternate Legal Rep. |
|
|
URIBE URIBE, MARIA TERESA |
Director |
|
|
URIBE VELEZ, MARIA ADELAIDA |
Alternate Director |
|
|
PIEDRAHITA URIBE, MARIA CLARA |
Alternate Director |
|
|
URIBE VELEZ, ALVARO ROBERTO |
Alternate Director |
|
|
URIBE POSADA, CAMILO |
Alternate
Director |
|
|
ROLDAN
ROLDAN, HERNAN RODRIGO |
Administrative Manager |
|
|
FRANCO RESTREPO, LILIANA |
National Purchases Manager |
|
|
RAMIREZ ECHEVERRY, BELSY |
Finance Manager |
|
|
URIBE POSADA, FELIPE |
Marketing Manager |
|
|
MUNERA, CARLOS JOSE |
Marketing Manager -
Agrochemicals |
|
|
GOMEZ BOTERO, JOSE |
Production & Plant
Manager |
|
|
ISAZA MARTINEZ, VICTOR |
Head of Foreign Purchasing |
|
|
CAÑON
GOMEZ, EDA LILIANA |
Head of Human Resources |
|
|
CARRASCO CORREA, GLORIA
MARITZA |
Head of Accounting |
|
|
ESTRADA GONZALEZ, JUAN MANUEL |
Head of Systems |
|
|
ESCUDERO
MARIN, BIBIANA MARIA |
Auditor |
|
|
URIBE LOPERA, CARLOS EMILIO |
Alt. Auditor |
|
|
CAUSO LTDA |
External Auditor |
|
|
LITIGATIONS |
|
Source court are frequently inconsistent
and lack a clear identification of plaintiffs and defendants. however, we
found the following on Subject: - Consult date: 28/03/2011, Defendant:
SURFACE FINISHING E U, GABRIEL SOTO MENDOZA, Document City: Medellin m,
Court: 19 Civil M/pal, Type of process: Ejec. Singular, Start Process:
08/03/2011, Range claims: Ps$1,000,000.00, request: First, Process: Active -
Consult date: 04/05/2012, Defendant: AEROQUIMICOS LA FINCA LTDA., Document
City: 800112950, Barranquilla, Court: 12 Civil C/to, Type of process: Ejec.
Singular, Start process: 13/05/2010, Range claims: Ps$1,000,000.00 Request:
First, Process: Active. Consult Date: 31/08/2012, Defendant: MARGARITA VEGA
ESCARRATA, Document City: 52026053 Bogota, Court: 60 Civil M/pal, Type of process:
Ejec. Singular, Start process: 04/11/2008, Range claims: Ps$1,000,000.00
request: First, Process: Active. |
|
BANK COMENTS |
|
Banks in Colombia did not
furnish information about clients by preserving confidentiality of
bank-client information. |
|
PAID-UP CAPITAL |
Ps$6,033,697,000.00 Colombian
Pesos |
|
LAST CAPITAL INCREASE |
Last registered |
|
NET WORTH |
Ps$85,283,085,000.00
Colombian Pesos, as of 31/12/2012 |
|
TYPE OF SHARES |
Registered shares |
|
LISTED AT STOCK EXCHANGE |
NO |
|
IMPORTS |
|
|
YEAR |
2013 (January - September) |
|
AMOUNT |
US$ 11,578,257.96 |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 16,359,037.27 |
|
|
|
|
YEAR |
2011 |
|
AMOUNT |
US$ 14,986,433.71 |
|
|
|
|
YEAR |
2010 |
|
AMOUNT |
US$ 12,794,650.13 |
|
EXPORTS |
|
|
YEAR |
2013 (January - September) |
|
AMOUNT |
US$ 1,680.00 |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 97,372.40 |
|
|
|
|
YEAR |
2010 |
|
AMOUNT |
US$ 8,128.54 |
|
PAYMENTS |
|
|
TRADE REFERENCES |
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
No current operations limit |
|
SUPPLIER FROM |
Since 1993 |
|
MONTHLY AVERAGE |
Ps$250,000,000.00 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
|
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$6,000,000.00 |
|
SUPPLIER FROM |
Since 2003 |
|
DEADLINES |
Invoices at 30 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Good client |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$6,000,000.00 |
|
SUPPLIER FROM |
Since 2003 |
|
DEADLINES |
Invoices at 30 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Good client |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$60,000,000.00 |
|
SUPPLIER FROM |
Since 2005 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Good client |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$30,000,000.00 |
|
SUPPLIER FROM |
Since 1993 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Excellent client |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$250,000,000.00 |
|
SUPPLIER FROM |
Since 2006 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$200,000,000.00 |
|
SUPPLIER FROM |
Since 2003 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Good client. |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$15,000,000.00 |
|
SUPPLIER FROM |
Since 2007 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
not specified |
|
RATING |
PROMPT |
|
COMMENTS.- |
Excellent client |
|
|
|
|
CREDIT FILES |
|
|
Other local suppliers did not
furnish references on clients because of policy of companies. Subject company
did not furnish information regarding its suppliers abroad. |
|
|
LOCAL SUPPLIERS |
||
|
Name |
Contact |
Telephone |
|
AQUATERRA S.A. |
|
(57-4) 361.1800 |
|
ARAUJO Y SEGOVIA S.A. |
|
(57-5) 664.5555 |
|
BRENNTAG COLOMBIA S.A. |
|
(57-1) 330.5300 |
|
CACHARRERIA MUNDIAL S.A.S. |
|
(574) 261.8500 |
|
CARBOQUIMICA S.A.S. |
|
(57-1)
775.5211 |
|
COLOMBIANA
DE RESINAS S.A. |
|
(57-4) 444.6869 |
|
COLTANQUES S.A.S. |
|
(57-1) 422.2333 |
|
COLTEFINANCIERA S.A. CIA. DE
FINANCIAMIENTO |
|
(57-4) 604.3440 |
|
CONQUIMICA S.A. |
|
(57-4) 372.0733 |
|
CORRUMED S.A. EMPAQUES
CORRUGADOS |
|
(57-4) 378.5000 |
|
DHL EXPRESS COLOMBIA LTDA. |
|
(57-1) 749.9700 |
|
DIENES Y CIA. S.A. |
|
(57-1) 244.2020 |
|
DISOLVENTES DE ANTIOQUIA Y
CIA. S.A.S. |
|
(57-4) 289.0756 |
|
DOW AGROSCIENCES DE COLOMBIA
S A |
|
(57-1) 219.6000 |
|
G M P PRODUCTOS QUIMICOS S.A. |
|
(57-4) 444.6656 |
|
JORGE GOMEZ Y CIA. SOCIEDAD
DE INTERMEDIACION ADUANERA LTDA |
|
(57-4) 361.2748 |
|
LINDE COLOMBIA S A |
|
(57-1) 425.4550 |
|
NOPCO COLOMBIANA S A |
|
(57-4) 319.6600 |
|
OPERADORES LOGISTICOS
INTERNACIONALES DE CARGA WESSCOLDA S.A.S. |
|
(57-1) 271.5888 |
|
PAPELES Y CARTONES S.A.
PAPELSA |
|
(57-4) 405.7000 |
|
PREFLEX S A |
|
(57-1) 779.9222 |
|
PRODUCCIONES QUIMICAS S.A. |
|
|
|
PRODUCTOS PETROLEROS
INDUSTRIALES S.A. |
|
(57-4) 481.0477 |
|
PRODUCTOS QUIMICOS
PANAMERICANOS S.A. |
|
|
|
QUIMICOS PALACIO ECHANDIA
S.A.S. |
|
(57-4)
317.5151 |
|
R.V.
INMOBILIARIA S.A. |
|
(57-1)
257.3700 |
|
T.D.M.
TRANSPORTES S.A. |
|
(57-4) 281.4411 |
|
TRACKER DE COLOMBIA S.A. |
|
(57-1) 208.8900 |
|
TRANSMERQUIM DE COLOMBIA S.A. |
|
(57-1) 533.0101 |
|
RELATED COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
COLPINTURAS S.A.S |
9004676127 |
COLOMBIA |
|
INVERSIONES COMERCIALES LTDA. |
8909398511 |
COLOMBIA |
|
FINANCIAL INFORMATION |
|
CONTENT.- |
|
When contacting the Subject, we
interviewed Ms. Gloria Maritza Carrasco Correa (Head of Accounting), who
furnished general information about the company, declining to disclose
further data as it is held on the grounds of confidence. Therefore, this
report has been also elaborated with the information provided by outside
sources. And in accordance of external sources, we have the company´s General
Balance Sheets ended as of 31/12/2012 and as of 31/12/2011 (12 months, each),
in Colombian pesos, as follows: |
|
GENERAL BALANCE SHEET |
|||
|
Balance Date |
31/12/2012 |
31/12/2011 |
|
|
Currency |
Colombian Peso |
Colombian Peso |
|
|
Exchange Rate |
1,774.50 |
1,941.50 |
|
|
.Current Total |
57,804,855,000.00 |
55,443,798,000.00 |
4.26 |
|
.Net Fixed |
54,407,376,000.00 |
23,485,305,000.00 |
131.67 |
|
.Total Assets |
112,212,231,000.00 |
78,929,103,000.00 |
42.17 |
|
.Total Current Liabilities |
26,929,146,000.00 |
25,466,573,000.00 |
5.74 |
|
Total Liabilities |
26,929,146,000.00 |
25,466,573,000.00 |
5.74 |
|
Total Equity |
85,283,085,000.00 |
53,462,530,000.00 |
59.52 |
|
Total Liabilities and Equity |
112,212,231,000.00 |
78,929,103,000.00 |
42.17 |
|
PROFIT AND LOSS ACCOUNT |
|||
|
Balance Date |
31/12/2012 |
31/12/2011 |
|
|
Currency |
Colombian Peso |
Colombian Peso |
|
|
Exchange Rate |
1,774.50 |
1,941.50 |
|
|
Net Sales |
108,910,024,000.00 |
100,422,670,000.00 |
8.45 |
|
Profit(loss) |
5,399,935,000.00 |
5,143,473,000.00 |
4.99 |
|
RATIOS FINANCIAL |
|||
|
PERIOD |
2,012.00 |
2,011.00 |
0.00 |
|
.NET WORKING CAPITAL |
30,875,709,000.00 |
29,977,225,000.00 |
0.03 |
|
.CREDIT RATING |
2.15 |
2.18 |
-0.01 |
|
.CONTENTS OF THE ACID TEST |
0.00 |
0.00 |
|
|
.INDEBTEDNESS |
4.17 |
3.10 |
0.35 |
|
.LIABILITIES, CAPITAL |
0.00 |
0.00 |
|
|
.TOTAL ASSET TURNOVER |
0.97 |
1.27 |
-0.24 |
|
.RETURN ON EQUITY |
0.00 |
0.00 |
|
|
.NET RETURN ON SALES |
0.00 |
0.00 |
|
|
FINANCIAL COMMENTS.- |
|||
|
The Subject is a
long-established company which operations seem to be conducted normally. COUNTRY
CONTEXT - COLOMBIA: The below Country comments were obtained from a highly
regarded public source that issues economic comments on all of World` s
countries. Taxes: · Colombian income tax: 38.5% on the net profit-business:.
· Tax agreements with the Andean Community and Spain which allow residents in
this countries to have a special tax treatment. · Alphabetic currency code
for every country, established by the International Organization for
Standardization (ISO) 4217: Colombian Peso (COP) Main economic indicators: ·
External debt: US $73.41 billion (31 December 2012 est.) · International
reserves: US$34.74 billion (31 December 2012 est.) · Inflation rate
forecasted: 3.2% (2012 est.) · GDP growth rate: 4.3% (2012 est.) · Annual GDP
per capita: US$10,700 (2012 est.) · GDP - composition by sector: agriculture:
6.8% industry: 38.1% services: 55.1% (2012 est.) · Labour force of 23.08
million people divided by: agriculture: 18% industry: 13% services: 68% ·
Unemployment rate: 10.3% (2012 est.) Productive sectors: Agriculture -
products: coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa
beans, oilseed, vegetables; shrimp; forest products · Industrial- products:
textiles, food processing, oil, clothing and footwear, beverages, chemicals,
cement; gold, coal, emeralds Foreign trade: Exports: US$59.96 billion (2012
est.) country comparison to the world: 55 Exports - commodities: petroleum,
coal, emeralds, coffee, nickel, cut flowers, bananas, apparel Exports -
partners: US 42%, Netherlands 4.7%, China 4.2% (2011) Imports: US$55.49
billion (2012 est.) country comparison to the world: 54 Imports -
commodities: industrial equipment, transportation equipment, consumer goods,
chemicals, paper products, fuels, electricity Imports - partners: US 29.2%, China
11.9%, Mexico 11.5%, Brazil 5.3% (2011) Final brief: Commercial Country Risk:
MEDIUM Political Country Risk: LOW |
|||
|
DETAILS OF FIXED ASSETS.- |
|||
|
- Real estate located in
caption address: |
|||
|
INSURANCE.- |
|||
|
All-risk insurance policy has
been underwritten by SEGUROS GENERALES SURAMERICANA S.A.. (Neither coverage
amount nor maturity date have been furnished). |
|||
|
RATE OF EXCHANGE |
US$1.00 = Ps$1,946.50, as of
report date |
|
WHO IS WHO? |
||||
|
URIBE URIBE, ALFONSO JAVIER |
||||
|
Colombian, ID, 70.085.774,
Business Administrator, Since 1981, joined to INVESA SA, . |
||||
|
URUBE URIBE, JOAQUIN ROBERTO |
||||
|
Colombian,
ID, 70.067.598, . |
||||
|
URIBE POSADA,
ALVARO |
||||
|
Colombian,
ID, 8.244.332, . |
||||
|
ROLDAN
ROLDAN, HERNAN RODRIGO |
||||
|
Colombian, Business
Administrator, Since 1987, joined to INVESA SA, . |
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RAMIREZ ECHEVERRY, BELSY |
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Colombian, Business
Administrator, . |
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|
Position |
Name |
Country |
Tax id Number |
Year |
|
|
INVEQUIMICA SA |
COLOMBIA |
8909006523 |
2003 |
|
ESCUDERO
MARIN, BIBIANA MARIA |
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|
Position |
Name |
Country |
Tax id Number |
Year |
|
Director/Operations Manager
of Food Producer |
VINIKOL
DE COLOMBIA SA |
COLOMBIA |
800249760-1 |
|
|
URIBE LOPERA, CARLOS EMILIO |
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|
Colombian, ID, 8.349.730, . |
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|
OPERATIONS |
|
|
SECTOR |
1.-INDUSTRY |
|
ACTIVITY |
AGROCHEMICALS |
|
ISIC CATEGORY |
D-MANUFACTURING INDUSTRIES (ELABORATION,
MANUFACTURING, PRODUCTION, PUBLISHING, CASTING, CONSTRUCTION) |
|
MAIN ACTIVITY |
Manufacturer of agrochemical
products, pesticides, adhesives and paints. |
|
% CASH SALES/PAYMENT METHOD |
10% |
|
% CREDIT SALES/TERMS |
90% (ters at 30, 60 days) |
|
TERRITORY OF SALES |
nationwide and abroad |
|
N. OF EMPLOYEES |
400 |
|
LOCATION |
|
HEAD OFFICES: Located at the
above stated address. Own premises kept in good condition. Former address: Carrera
48 26 Sur 181 L. 314a, Envigado. OTHER LOCATIONS: Warehouse, Cra. 16 No
21-67, Valledupar. Warehouse, Av. Quebradaseca # 21-38, Bucaramanga. Branch,
Autop. Norte # 100-12 Ofc. 501, Bogota. Factory, Autop. Norte Km. 24 Vereda
La Palma, Girardota |
|
COMMENTS OF OPERATIONS.- |
|
Sales are made to :
Wholesalers, Retailers, Final Consumers Subject company has the certification
QUALITY ICONTEC under the requirements of NTC-ISO 9001:2000 and the
certification ENVIRONMENT MANAGEMENT ICONTEC under the requirements NTC-ISO
14001-1996 Imports from China, USA, India, UK, Mexico, Brazil, Korea, Chile,
Spain, Japan. Also, exports to Venezuela, Ecuador, USA, Cameroon, Dominican
Republic, Jamaica, Costa Rica, Peru, Honduras, Panama. No export sales
reported in 2011. |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.