MIRA INFORM REPORT

 

 

Report Date :

04.08.2014

 

IDENTIFICATION DETAILS

 

Name :

IMPORTADORA SCHLEPPER S.R.L.

 

 

Registered Office :

Mamore No 64, Santacruz

 

 

Country :

Bolivia

 

 

Date of Incorporation :

28.12.2012

 

 

Com. Reg. No.:

1064 / 00215733

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import, export, marketing, distribution and sale of farm tractor parts for all brands, seeders, combines and all kinds of farm implements.

 

 

No. of Employees :

10

 

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 :

Moderate

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Bolivia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BOLIVIA - ECONOMIC OVERVIEW

 

Bolivia is a resource rich country with strong growth attributed to captive markets for natural gas exports. However, the country remains one of the least developed countries in Latin America because of state-oriented policies that deter investment and growth. 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. High commodity prices since 2010 sustained rapid growth and large trade surpluses. However, a lack of foreign investment in the key sectors of mining and hydrocarbons, along with conflict among social groups pose challenges for the Bolivian economy.

 

Source : CIA

 

 

IDENTIFICATION

 

CORRECT COMPANY NAME

IMPORTADORA SCHLEPPER S.R.L.

TAXPAYER REGISTRATION

NIT 216304029

MAIN ADDRESS

Mamore No 64

DEPT/PROV/REGION/STATE

Santa Cruz

COUNTRY

BOLIVIA

TELEPHONE

(5913) 3276715

CORPORATE E-MAIL

schlepper@importschelepper.com

COMMENTS

 

The correct legal name of the company is  IMPORTADORA SCHLEPPER SRL.

 

 

 

EXECUTIVE SUMMARY

 

Date of foundation

2012

permanent employees

10

Chief Executive

MONTENEGRO, MARCOS

Disposition

FAIR

Financial Situation

Poor. Very few information was given. Politely.

Payments policy

Usually to terms / good

Credit (**)

MODERATE RISK. (Acceptable financial situation but limited).

Company Size

(PE) SMALL COMPANY

Number of times that this company was required: 2

 

 

LEGAL STRUCTURE

 

LEGAL STATUS

Limited Liability Company

 

 

DATE OF INCORPORATION

28DEC2012

 

 

REGISTRATION

Record 1064 / 00215733

 

 

CURRENT EXCHANGE RATE (US$)

B/. 6.91 per USA Dollar

 

 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

MONTENEGRO, MARCOS

General Manager

YES

 

 

 

 

WHO IS WHO?

 

--


BUSINESS

 

Main activity

Import, export, marketing, distribution and sale of farm tractor parts for all brands, seeders, combines  and all kinds of farm implements.

OPERATIONS

Import

Yes

Country

Brazil

Export

No

% CASH SALES / METHOD

20%

% Credit SALES / Terms

80%

SELLING TerritorY

Domestic market

EMPLOYEES

10

LOCATION

PREMISES

Undisclosed

Comments

Brand represented: METISA

 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Marcos Montenegro

Position(s)

General Manager

Disposition

Poor. Very few information was given. Politely.

Information provided

Mr. Montenegro provided general information about the company, confirming an international supplier and local bank reference.

 

He declined to provide more information for security reasons and company policy.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

FAIR

No negative information was gathered against this company in commercial circles.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

 

(CONFIDENTIAL INFORMATION)

 

Supplier: METALURGICA TIMBOENSE S.A.

Tel.: (55) 47 32812222

Country: BRAZIL

Goods/Services? : Agricultural tools.

 

 

Highest credit? : USD 50,000.=

 

 

Client since? : 2013

Terms? : 30-60 days

Performance? : Prompt

Comments : Good customer.

 

THE FOLLOWING INFORMATION IS REPORTED BY RISK INFORMATION CENTER

 

No reported banking debt.

 


CREDIT BUREAU COMMENTS

No adverse information was found against this Company in the sources consulted.

 

 

BANK DEBT REPORTED BY SUPERINTENDENCY OF BANK & INSURANCE (SBS)

 

No reported banking debt.

 


GENERAL COMMENT

 

The company works with BANCO MERCANTIL SANTA CRUZ.

 

BANCO MERCANTIL SANTA CRUZ.

Main Agency Sta Cruz

(591) 33632762

Contact: Mr. Javier Valenzuela

 

The company is reported by the bank as a client operating normally since 05/2013.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.85

UK Pound

1

Rs.102.69

Euro

1

Rs.81.46

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

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.