MIRA INFORM REPORT

 

 

Report Date :

08.01.2013

 

IDENTIFICATION DETAILS

 

Name :

DISTRIBUIDORA DEPORTIVA SAS

 

 

Registered Office :

Carrera 26 No. 6A-40, Piso 2, Barrio El Cedro, Cali,

 

 

Country :

Colombia.

 

 

Year of Establishment :

2010

 

 

Legal Form :

Sociedad Anonima Simplificada

 

 

Line of Business :

Wholesale Distributor of Sporting Goods.

 

 

No. of Employees :

6 Employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Colombia

A2

A2

 

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 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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Low

Currency: 100.00 COP =  0.0566420 USD

Branch Situation: Stable

 

IDENTIFICATION

 

Ordered as:

Distribuidora Deportivas sas

Address in the order:

Carcera 26 No. 6A 40 Piso Barrio El cedro Cali Colombia

 

 

Legal Name:

DISTRIBUIDORA DEPORTIVA SAS

 

 

Legal Address

Carrera 26 No. 6A-40, Piso 2, Barrio El Cedro, Cali, Colombia.

 

Operative Address

Carrera 26 No. 6A-40, Piso 2, Barrio El Cedro, Cali, Colombia.

 

Telephone:

+57 (2) 374-4981 // 372-4399

NIT :

900.384.465-3

Fax:

+57 (2) 374-4981

Legal Form:

Sociedad Anonima Simplificada

Email:

robin-1978@hotmail.com

Registered in:

Colombia

Website:

N.A.

Date Created:

2010

Manager:

Mr. Carlos Gonzalez, Manager.

Date Incorporated:

N.A.

Staff:

6

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Wholesale Distributor of Sporting Goods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKS

Name of the Bank

BANCO DE BOGOTA

 

BUSINESS

 

HISTORY

 

The company was established in the year 2010.

PRINCIPAL ACTIVITY

 

The company engages as a wholesale distributor of sporting goods.

Sales are:

 

Wholesale

Clients:

 

The company serves retailers and other distributors.

Suppliers:

 

*NORTHBAY INTERNATIONAL INC (USA)

Operations area:

 

National

 

 

The company imports from Worldwide, depending on the demand.

The company does not export

 

 

The subject employs 6 employee(s)

PAYMENTS

 

made on a 45 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at: Carrera 26 No. 6A-40, Piso 2, Barrio El Cedro, Cali, Colombia.

 

Comments on location:

 

Warehouse facility and executive office.

Branches:

 

The company does not operate any branches.

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. The main shareholder is Mr. Carlos Gonzalez.

Management:

 

Mr. Carlos Gonzalez, Manager.

Ms. Karen Restrepo, Officer.

 

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Ms. Karen Restrepo, Officer, who refused to provide us any financial data on grounds of confidentiality.

 

Comments on the financial data: At this time, the 2011 financial figures were neither revealed nor released to our sources.

Legal Filings

 

The sources consulted record no detrimental legal or labor court information.

 

 Rating

Local credit bureau gave a NORMAL credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

 

The subject is a small sized Colombian company which has been operating since 2010. It is active and operational.

 

Its business structure is small but seems to be established. It operates a single location in Cali and employs 6 people.

 

The company is directly managed by its owner and there is no detrimental legal information filed against the company within the district court.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 




APPENDIX

Person Interviewed

 

Karen Restrepo

Position

 

Officer

Comments

 

The contacted person verified all the information in the report. However, she refused to provide financial data on grounds of confidentiality.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.97

UK Pound

1

Rs.88.10

Euro

1

Rs.71.66

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.