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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SALAZAR GOMEZ, JESUS ALBERTO |
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Registered Office : |
6 Avenida 1-80, Zona 1, San Miguel Petapa |
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Country : |
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Year of Incorporation : |
1992 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of agricultural and livestock products (grains, fruits, plants) and live animals |
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No. of Employees : |
3 (observed) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Guatemala |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GUATEMALA - ECONOMIC OVERVIEW
Guatemala is the most populous country in Central America
with a GDP per capita roughly one-half that of the average for Latin America and
the Caribbean. The agricultural sector accounts for 13% of GDP and 38% of the
labor force; key agricultural exports include coffee, sugar, bananas, and
vegetables. The 1996 peace accords, which ended 36 years of civil war, removed
a major obstacle to foreign investment, and since then Guatemala has pursued
important reforms and macroeconomic stabilization. The Dominican
Republic-Central American Free Trade Agreement (CAFTA-DR) entered into force in
July 2006 spurring increased investment and diversification of exports, with
the largest increases in ethanol and non-traditional agricultural exports.
While CAFTA-DR has helped improve the investment climate, concerns over
security, the lack of skilled workers and poor infrastructure continue to
hamper foreign direct investment. The distribution of income remains highly
unequal with the richest 20% of the population accounting for more than 51% of
Guatemala's overall consumption. More than half of the population is below the
national poverty line and 13% of the population lives in extreme poverty.
Poverty among indigenous groups, which make up 38% of the population, averages
73% and extreme poverty rises to 28%. Nearly one-half of Guatemala's children
under age five are chronically malnourished, one of the highest malnutrition
rates in the world. Given Guatemala's large expatriate community in the United
States, it is the top remittance recipient in Central America, with inflows
serving as a primary source of foreign income equivalent to nearly two-fifths
of exports or one-tenth of GDP. Economic growth fell in 2009 as export demand
from US and other Central American markets dropped and foreign investment
slowed amid the global recession. The economy gradually recovered in 2010-12.
Source
: CIA
|
IDENTIFICATION |
|
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COMPANY NAME |
SALAZAR GOMEZ, JESUS ALBERTO |
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TRADE NAME |
TINTAS Y TEXTILES DE OCCIDENTE |
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TAX ID TYPE |
NIT |
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TAX ID NUMBER |
491800-2 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
6 Avenida 1-80, Zona 1, San Miguel Petapa |
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CITY/PROVINCE/STATE |
Ciudad de Guatemala |
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PHONE NUMBER(S) |
(502) 6631.5354 |
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FAX NUMBER |
(502) 6631.5383 |
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E-MAIL |
tintastext@yahoo.com |
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PAYMENT HISTORY |
WITHOUT CREDIT EXPERIENCE |
|
COMMENTS OF IDENTIFICATION.- |
The subject does not have a website. This report was requested with
address: 6Av 1-80 Zona 01, San Miguel Petap, Guatemala. Please be noticed
that the correct form of this address is as shown above. |
|
LEGAL ASPECTS |
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LEGAL STATUS |
Sole Proprietorship |
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INCORPORATION DATE |
1992 |
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REGISTERED IN |
Guatemala City |
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DURATION |
Undefined |
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LISTED AT STOCK EXCHANGE |
NO |
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RATE OF EXCHANGE |
US$1.00 = Q.7.77 (as of report date) |
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COMMENTS ON LEGAL ASPECTS .- |
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|
Due to the subject is a Sole Proprietorship, it does not have the
obligation to register at the Mercantile Registry of Guatemala. |
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BOARD OF
DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
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NAME |
JOB TITLE |
% STAKE |
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SALAZAR GOMEZ, JESUS ALBERTO |
Proprietor/ Manager |
|
No negative information
found
N/a
|
% CASH SALES/PAYMENT METHOD |
50% |
|
% CREDIT SALES/TERMS |
50% (Terms at 30 days) |
N/a
|
FINANCIAL
INFORMATION |
|
CONTENT.- |
|
We had an interview with Mr. Jesus Alberto Salazar Gomez (Manager/Proprietor)
who provided partial information, stating that due to the situation of the
country, no information can be furnished for being considered confidential.
He also asked for the inquirer's name. Though outside sources, no financial
figures regarding the business were obtained. It is a trading company
established in 1992 whose real situation cannot be specified due to the
little information obtained. COUNTRY CONTEXT - GUATEMALA: The below
information has been obtained from a highly regarded public source that
issues comments on all of worlds' countries. Taxes: · Guatemalan income tax:
5% on the net profit-business: · Alphabetic currency code for every country
by the International Organization for Standardization (ISO) 4217:Quetzal
(GTQ). Main economic indicators: · External debt: US$16.17 billion (31
December 2012 est.) · International net reserves: US$6.311 billion (31
December 2012 est.) · Inflation rate forecasted : 4% (2012 est.) · GDP real
growth rate: 3.1% (2012 est.) · Annual GDP per capita: US$5,200 (2012 est.)
GDP - composition by sector: agriculture: 13% industry: 23.8% services: 63.2%
(2012 est.) · Labuor force of 5.571 million people divided by: agriculture:
38% industry: 14% services: 48% Unemployment rate: 4.1% (2011 est.) Productivity
sectors: Agriculture - products: sugarcane, corn, bananas, coffee, beans,
cardamom; cattle, sheep, pigs, chickens · Industrial- products:: sugar,
textiles and clothing, furniture, chemicals, petroleum, metals, rubber,
tourism Foreign trade: Exports: US$9.864 billion (2012 est.) country
comparison to the world: 95 Exports - commodities: coffee, sugar, petroleum,
apparel, bananas, fruits and vegetables, cardamom Exports - partners: US
37.9%, El Salvador 10.5%, Honduras 6.8%, Mexico 5.1% Imports: US$15.57
billion (2012 est.) country comparison to the world: 86 Imports -
commodities: fuels, machinery and transport equipment, construction
materials, grain, fertilizers, electricity, mineral products, chemical
products, plastic materials and products Imports - partners: US 40.4%, Mexico
11.6%, China 8.2%, El Salvador 4.5% Final Brief: Commercial Country Risk: LOW
Political Country Risk: LOW |
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INSURANCE.- |
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No insurance policies found through outside sources. |
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CREDIT FILES |
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Possible domestic suppliers consulted do not report the subject as
client on credit. |
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RATE OF EXCHANGE |
US$1.00 = Q.7.77 (as of report date) |
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OPERATIONS |
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SECTOR |
2.-TRADE (WHOLESALE) |
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ACTIVITY |
DIVERSE INPUTS FOR THE INDUSTRY |
|
ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL SALE |
|
ISIC CLASS |
5121-Wholesale of agricultural and livestock products (grains, fruits,
plants) and live animals |
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MAIN ACTIVITY |
The subject is engaged in purchase and sale of inks, reagents,
pigments, colorings, among others. |
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% CASH SALES/PAYMENT METHOD |
50% |
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% CREDIT SALES/TERMS |
50% (Terms at 30 days) |
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TERRITORY OF SALES |
100% (National market) |
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N. OF EMPLOYEES |
3 (observed) |
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LOCATION |
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OFFICES: Located
at the above address. Premises are properly equipped for its activities
performance. |
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BANKERS /
REFERENCE |
||||
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCO DE DESARROLLO RURAL SA (BANRURAL) |
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GUATEMALA |
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BANK COMENTS |
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Consulted bank does not provide references on their clients due to the
bank secrecy existing in the country. |
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CREDIT OPINION |
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COMMENT: In absence of credit experience and financial figures, it is
advisable to deal any operation in cash. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.