MIRA INFORM REPORT

 

 

Report Date :

30.01.2014

 

IDENTIFICATION DETAILS

 

Name :

DEPOSITO DENTAL NEO-TEC CIA. LTDA.

 

 

Registered Office :

Kennedy 100 y Avenida San Jorge, Guayaquil / Guayas, Ecuador

 

 

Country :

Mexico

 

 

Date of Incorporation :

14.03.1986

 

 

Com. Reg. No.:

File No. 26778

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

 
Importer and sale of dental items such as solare kit & G- Bond

 

 

No. of Employees :

Not Available 

 

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 :

Unknown 

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Mexico ECONOMIC OVERVIEW

 

Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US imports has increased from 7% to 12%, and its share of Canadian imports has doubled to 5.5%. Mexico has free trade agreements with over 50 countries including Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan - putting more than 90% of trade under free trade agreements. In 2012 Mexico formally joined the Trans-Pacific Partnership negotiations and in July it formed the Pacific Alliance with Peru, Colombia and Chile. In 2007, during its first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass pension and fiscal reforms. The administration passed an energy reform measure in 2008 and another fiscal reform in 2009. Mexico's GDP plunged 6.2% in 2009 as world demand for exports dropped, asset prices tumbled, and remittances and investment declined. GDP posted positive growth of 5.6% in 2010 with exports - particularly to the United States - leading the way. Growth slowed to 3.9% in 2011 and slightly recovered to 4% in 2012. In November 2012, Mexico's legislature passed a comprehensive labor reform which was signed into law by former President Felipe CALDERON. Mexico's new PRI government, led by President Enrique PENA NIETO, has said it will prioritize structural economic reforms and competitiveness. The new president signed the Pact for Mexico, an agreement that lists 95 priority commitments, along with the leaders of the country's three main political parties: the Institutional Revolutionary Party (PRI), the National Action Party (PAN) and the Party of the Democratic Revolution (PRD).

 

Source : CIA

 

 

 

 

 

IDENTIFICATION

 

CORRECT COMPANY NAME

DEPOSITO DENTAL NEO-TEC CIA. LTDA.

TRADE NAME

NEO-TEC

TAXPAYER REGISTRATION

RUC 0990803579001

MAIN ADDRESS

Kennedy 100 y Avenida San Jorge

DEPT/PROV/REGION/STATE

Guayaquil / Guayas

COUNTRY

ECUADOR

TELEPHONE

(5934) 2288833

CORPORATE E-MAIL

info@neotec.com.ec

WEB

www.neotec.com.ec

 

 

EXECUTIVE SUMMARY

 

Date of foundation

1986

Capital stock

US$400.= Dollars

Chief Executive

SERRANO LEDERGERBER, CARLOS ANTONIO

Disposition

REPORT PREPARED FROM OUTSIDE SOURCES.

Payments policy

Without rating (No payment experience traced)

Number of times that this company was required: 2

 

 

REPUTATION

 

NOTHING AGAINST COMPANY

 

 

LEGAL STRUCTURE

 

LEGAL STATUS

Limited Liability Company

 

 

DATE OF INCORPORATION

14MAR1986

 

 

PLACE OF REGISTRY

Guayaquil

 

 

NOTARY OFFICE

 

DURATION

14/03/2036

REGISTRATION

File No. 26778

 

 

CURRENT PAID-IN CAPITAL

US$400.= Dollars

 

 

 

COMMENTS

 

 
Taxpayer Status: Obligations have been paid on time
Validity term: 12 months
Type of Taxpayer: Special
 
The company's shareholding structure could not be obtained.

 

DIRECTORS

 EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

SERRANO LEDERGERBER, CARLOS ANTONIO

Manager

 

 

 

 

WHO IS WHO?

 

SERRANO LEDERGERBER, CARLOS ANTONIO

TITLE

Manager

NATIONALITY

Ecuadorian

ID

CI 0903353183

BACKGROUND INFORMATION

 
He was appointed Manager of DEPOSITO DENTAL NEO-TEC CIA. LTDA. on August 19, 2011 for a five-year period, which is registered in the Registry of Companies under No. 15771 dated 01/09/2011.
 
He has two court suppliers (One in the province of El Oro and the other in the province of Guayas).

 

BUSINESS HISTORY

 

 
DEPOSITO DENTAL NEO TEC is an importing company of dental items that has more than 20 years of experience in the Ecuadorian market. It was founded in Guayaquil in order to cover the Ecuadorian dental market.

 

 

BUSINESS

 

SIC Classification
5 1 - WHOLESALE TRADE-NON-DURABLE GOODS. (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

 

Main activity

 
Importer and sale of dental items such as solare kit & G- Bond
 
Brands sold: "ALFRED BECH", "AMERICAN EAGLE", "CRISTOFOLI", "DENTAURUN", "FGM", "GC AMERICA", "LASCOD", "MAQUIRA", "NTI KHALA", "VH ESSENCE DENTAL", "DENTAL TECHNOLOGIES", "NORDISKA"

 

OPERATIONS

Import

Yes

Country

USA, Germany, Italy and Brazil

Export

No

% FOREIGN PURCHASES

Yes

 

 

LOCATION

 

OTHER PREMISES

 
The Head office and Tax domicile operate at the main address.

 

Comments

 

 
We could not find out the number of employees.

 

 

FINANCIAL INFORMATION

 

Disposition

REPORT PREPARED FROM OUTSIDE SOURCES.

Interviewee(s)

Third-Party Sources

Information provided

 
We could not contact any executive or accountant in the company. We sent a cover letter as we were required by the company, however, as we did not received any information, we called them again and asked them to talk to the Accountant but they said that if we hadn't received any reply, it was because they are not interested. The personnel in the company refused to give us the name of any executive and/or information on the company.
 
Consequently, the information contained in this report was gathered through third parties where we could only find out that as of 31/12/2012, the company's sales amounted to US$3,790,000.=, with a profit for US$284,875.= Dollars.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
FAIR
Although there are no Financial Statements available, this is a company that has been operating for more than 20 years in the import market. It is publicly known that it operates without further problems. No adverse notes have been traced so far.

 

 

 

 

 

Sales History in US$ (of Balance Sheet, statement of third parties)

 

Date

Sales (US$)

31/12/2012

3,790,000.00

 

Main fixed assets of the company (general detail)    

No insurance-related information could be obtained.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

TRADE REFERENCES

Subject does not register local credit experiences since it carries out mainly importing activities.

 

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

AMERICAN EAGLE INSTRUMENTS INC.

U.S.A.

ALFRED BECHT GMBH

GERMANY

CRISTOFOLI

BRAZIL

DENTAURUM GMBH & CO

GERMANY

DENTAL TECNOLOGIES

U.S.A.

DEEPAK PRODUCTS INC.

U.S.A.

DENJOY DENTAL CO. LT.

CHINA

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.103.12

Euro

1

Rs.84.96

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.