MIRA INFORM REPORT
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Report Date : |
13.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BENTEX LTDA. |
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Registered Office : |
Km.16 Carretera a Oruro 66, El Alto, frente a Industrias Las
Estrellas, La Paz / La Paz |
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Country : |
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Year of Establishments: |
1989 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Subject is engaged in manufacture and sale of Knitted Fabrics |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Bolivia |
B1 |
B1 |
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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 |
bolivia ECONOMIC OVERVIEW
Bolivia is one
of the poorest and least developed countries in Latin America. Following a disastrous
economic crisis during the early 1980s, reforms spurred private investment,
stimulated economic growth, and cut poverty rates in the 1990s. The period
2003-05 was characterized by political instability, racial tensions, and
violent protests against plans - subsequently abandoned - to export Bolivia's
newly discovered natural gas reserves to large Northern Hemisphere markets. In
2005, the government passed a controversial hydrocarbons law that imposed
significantly higher royalties and required foreign firms then operating under
risk-sharing contracts to surrender all production to the state energy company
in exchange for a predetermined service fee. The global recession slowed
growth, but Bolivia recorded the highest growth rate in South America during
2009. During 2010-12 high world commodity prices sustained rapid growth and
large trade surpluses. However, a lack of foreign investment in the key sectors
of mining and hydrocarbons, along with growing conflict among social groups
pose challenges for the Bolivian economy.
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Source : CIA |
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CORRECT COMPANY NAME |
BENTEX LTDA. |
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TRADE NAME |
ADAM |
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TAXPAYER REGISTRATION |
NIT 1018275027 |
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MAIN ADDRESS |
Km.16 Carretera a Oruro 66, El Alto,
frente a Industrias Las Estrellas |
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DEPT/PROV/REGION/STATE |
La Paz / La Paz |
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COUNTRY |
BOLIVIA |
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TELEPHONE |
(5912) 2850888 |
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E-MAIL |
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COMMENTS |
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The correct corporate name is shown in the
identification heading. No telephone number was included in your
order. Subject Company has no website. |
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Date of foundation |
1989 |
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permanent employees |
17 |
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Chief Executive |
ADAM GRBENWURZEL, MIGUEL |
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Without rating (No payment experience
traced) |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
1989 |
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REGISTRATION |
License No. 00007650 |
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CURRENT EXCHANGE RATE (US$) |
Bs.6.96 per 1 USD |
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ADAM
GRBENWURZEL, MIGUEL |
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TITLE |
General Manager |
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NATIONALITY |
Bolivian |
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D.O.B. |
1963 |
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HUARICALLO,
MOISES |
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TITLE |
Plant Manager |
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NATIONALITY |
Bolivian |
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This is a single company. It has no
related companies. |
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SIC
Classification |
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Main activity |
Subject is engaged in manufacture and sale
of Knitted Fabrics. It produces and sells jersey, rib, swansdown, linings, piqué,
goufre, polar fleece, morley. Brand sold: "ADAM" |
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Import |
Yes |
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Country |
China |
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Export |
No |
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% CASH SALES / METHOD |
60% |
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% Credit SALES / Terms |
40% / 30-day terms |
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% FOREIGN PURCHASES |
100% |
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SELLING TerritorY |
100% Domestic market |
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EMPLOYEES |
17 |
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Moisés Huaricallo |
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Position(s) |
Plant Manager |
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Information provided |
As the General Manager was absent, we
spoke with Moisés Huaricallo who provided commercial information, except for
figures as he was not authorized for doing so. When we consulted the General Manager,
Miguel Adam, he categorically refused to cooperate, pointing out that he was
not interested in cooperating with our investigation since the company's
purchases are only paid by cash and they do not require any kind of support,
and unkindly ended our conversation. For supplementing the information, we
consulted different public sources where no recent accounting figures could
be obtained. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINED The company's Financial Standing is
considered to be UNDETERMINED since there are no financial figures that allow
us to asses its results in the last fiscal year. No final operating results are known. The
little credit experience does not show us its actual liquidity capacity. Poor
or no trade references do not allow us to determine its payment habits. There
is poor information on the owners' creditworthiness. |
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Insurance Comments |
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Subject has not taken out any insurance
policy. |
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(Confidential Information)
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TRADE REFERENCES |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.54 |
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UK Pound |
1 |
Rs.84.19 |
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Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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NB |
New Business |
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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.