|
Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOGISTICA INTERNACIONAL S.A. DE C.V. |
|
|
|
|
Registered Office : |
Km 28.5 Carretera a Comalapa Parque Industrial
Internacional, EDIF 6, Olocuilta |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
2008 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
Rental of warehouses, customs and logistical services |
|
|
|
|
No. of Employees : |
10 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
EL Salvador |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EL SALVADOR - ECONOMIC OVERVIEW
The smallest country in
Central America geographically, El Salvador has the fourth largest economy in the
region. With the global recession, real GDP contracted in 2009 and economic
growth has since remained low, averaging less than 2% from 2010 to 2013.
Remittances accounted for 16% of GDP in 2013 and were received by about a third
of all households. In 2006, El Salvador was the first country to ratify the
Dominican Republic-Central American Free Trade Agreement (CAFTA-DR), which has
bolstered the export of processed foods, sugar, and ethanol, and supported
investment in the apparel sector amid increased Asian competition. The
Salvadoran Government maintained fiscal discipline during post-war
reconstruction and reconstruction following earthquakes in 2001 and hurricanes
in 1998 and 2005, but El Salvador's external debt has been growing over the
last several years, amounting to some 57% of GDP in 2013. In September 2013, El
Salvador was awarded a $277 million second compact with the Millennium
Challenge Corporation (MCC) - a United States Government agency aimed at
stimulating economic growth and reducing poverty - to improve El Salvador's
competitiveness and productivity in international markets
|
Source
: CIA |
|
CORRECT COMPANY NAME |
LOGISTICA
INTERNACIONAL S.A. DE C.V. |
||||||||||||||||||||||||
|
TRADE NAME |
LOGINTER
S.A. DE C. V. |
||||||||||||||||||||||||
|
TAXPAYER REGISTRATION |
NIT 06141006081074 |
||||||||||||||||||||||||
|
MAIN ADDRESS |
Km 28.5 Carretera a Comalapa
Parque Industrial Internacional, EDIF 6, Olocuilta La Paz |
||||||||||||||||||||||||
|
DEPT/PROV/REGION/STATE |
El Salvador |
||||||||||||||||||||||||
|
COUNTRY |
EL SALVADOR |
||||||||||||||||||||||||
|
TELEPHONE |
(503) 78838755 |
||||||||||||||||||||||||
|
CORPORATE E-MAIL |
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
|
|
|||
|
LEGAL STATUS |
Stock Company of Variable
Capital |
|
|
|
DATE OF INCORPORATION |
10JUN2008 |
|
|
|
INITIAL CAPITAL |
US$11,000.= Dollars |
|
|
|
CURRENT PAID-IN CAPITAL |
US$24,000.= Dollars |
|
|
|
SHAREHOLDERS EQUITY |
268,239.00 Dollars (31DEC2013)
|
|
|
|
COMMENTS |
|
||
There are other three companies that are shareholders but their names were not disclosed. |
|||
|
|
|||||||||||||
|
|
||||||||||||
|
|
|||||
|
SIC Classification |
|||||
|
Main activity |
Rental of warehouses, customs and logistical services. |
||||
|
% CASH SALES / METHOD |
30% |
||||
|
% Credit SALES / Terms |
70% |
||||
|
EMPLOYEES |
10 |
||||
|
|||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disposition |
Excellent. Full information
and Financial Statements. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Interviewee(s) |
July Orellana |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Position(s) |
Accounting Department |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Information provided |
The interviewee also provided the Balance Sheet as of 31/12/2013 (12 months). |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
BALANCE SHEET |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FINANCIAL SITUATION |
GOODAccording to the last Financial Statement submitted and/or other analyzed factors, the company's Financial Standing is considered to be GOOD for the following reasons:- Liquidity ratio is higher or similar than the average in the sector.- Working capital is positive and allows it an orderly fulfillment of payments. - Shareholders' equity largely covers current debts.- Its results are positive. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
INSURANCE |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TRADE REFERENCES, CREDIT BUREAU,
LAWSUITS, BANKS (Confidential Information) |
|||||||||||||||||||||||||||||||||||||
|
TRADE REFERENCES |
|||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.