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Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
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Name : |
CASA CHANG COMPAŅIA COMERCIAL SA |
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Registered Office : |
Final de la Calzada Aguilar Batres No 57-51 Zona 12 Flexibodegas 8,9 y 10, Villa Nueva |
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Country : |
Guatemala |
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Date of Incorporation : |
24.01.2003 |
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Legal Form : |
Stock Company |
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Line of Business : |
Subject is engaged in the importation, distribution and commercialization
of spices, seeds, grains, paraffin and chemical articles for industry. |
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No. of Employees : |
15 observed |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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.
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 13.5% 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 about 40% 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.
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Source
: CIA |
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IDENTIFICATION |
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COMPANY NAME |
CASA CHANG COMPAŅIA COMERCIAL SA |
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TRADE NAME |
CASA CHANG COMPAŅIA COMERCIAL |
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TAX ID TYPE |
NIT |
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TAX ID NUMBER |
3173170-8 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Final de la Calzada Aguilar Batres No 57-51 Zona 12 Flexibodegas 8,9 y
10 |
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CITY/PROVINCE/STATE |
Villa Nueva |
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PHONE NUMBER(S) |
(502) 2327.3800 |
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FAX NUMBER |
(502) 2327.3820 |
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E-MAIL |
chang.jorge@casachang.com.gt |
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WEB SITE |
www.casachang.com.gt |
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PAYMENT HISTORY |
WITHOUT CREDIT EXPERIENCE |
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COMMENTS OF IDENTIFICATION.- |
Other email address: chang.claudia@casachang.com.gt As advertisement, the
subject answer questions in the following site:
https://www.facebook.com/pages/Casa-Chang-Cia-Comercial-SA/782417608451063
This report was ordered as CASA CHANG COMPANIA COMERCIA S.A. Please be noted
that the complete and correct company name of the subject is as shown above |
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LEGAL ASPECTS |
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LEGAL STATUS |
Stock Company |
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INCORPORATION DATE |
24/01/2003 |
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REGISTERED IN |
Guatemala |
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DURATION |
Unlimited |
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NOTARY OFFICE |
Roberto Wong Galdamez |
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REGISTRATION |
Deed No. 2, Registration Nš53470, Folio 108, Book 147 (27/05/2006) |
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RATE OF EXCHANGE |
US$1.00 = Q.7.73 as of report date |
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COMMENTS ON LEGAL ASPECTS .- |
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Its authorized capital of the subject is Q/.500,000.00 Quetzales divides
in 500 common shares with value of Q/.1,000.00 Quetzales each one. On
24/01/2003 the subject was established under Deed No.2 On 05/02/2003 it was
provisionally registered in the Commercial Register of Guatemala On
05/02/2003 the subject was registered in the Superintendence of Tax
Administration (SAT) On 27/02/2003 it was definitively registered in the
Commercial Register of Guatemala. |
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BOARD OF
DIRECTORS-EXECUTIVES-SHAREHOLDERS |
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NAME |
JOB TITLE |
% STAKE |
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CHANG COJULUN , JORGE RAMON |
President/Legal Representative |
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COJULUN GONZALEZ, SILVIA |
Vice President/Legal Representative |
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CHANG COJULUN , MARIA AMANDA |
Legal Representative |
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LAZO BOCALETTI, MARIA NINNETTE |
General Manager |
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CHANG COJULUN, CLAUDIA ALEJANDRA |
Marketing Manager |
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No negative information found.
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INITIAL CAPITAL |
Q/10,000.00 Quetzales |
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PAID-UP CAPITAL |
Q/10,000.00 Quetzales |
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LISTED AT STOCK EXCHANGE |
NO |
N/a
N/a
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FINANCIAL INFORMATION |
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CONTENT.- |
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We had an interview with Mr. Jorge Chang (Legal Representative) who supplied
business information regarding the subject except financial figures per
consider confidential. It is worth mentioning that no financial figures were
provided through external sources. 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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The subject holds all risk insurance policy. Company name was not
furnished neither coverage amount nor maturity date. |
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CREDIT FILES |
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Locally, the subject does not register credit experience owing to the
fact that purchases are made from overseas. |
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RATE OF EXCHANGE |
US$1.00 = Q.7.73 as of report date |
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WHO IS WHO? |
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CHANG COJULUN , JORGE RAMON |
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He joined in the company on 29/06/2011., . |
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COJULUN GONZALEZ, SILVIA |
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She joined in the company on 29/05/2009., . |
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LAZO BOCALETTI, MARIA NINNETTE |
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She joined in the company on 18/08/2011., . |
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CHANG COJULUN, CLAUDIA ALEJANDRA |
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She joined in the company on 18/05/2011., . |
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OPERATIONS |
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SECTOR |
2.-TRADE (WHOLESALE) |
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ACTIVITY |
DIVERSE PRODUCTS |
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ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL SALE |
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MAIN ACTIVITY |
The company is engaged in the importation, distribution and
commercialization of spices, seeds, grains, paraffin and chemical articles
for industry. Commerce of candles, and food for birds such as: birdseed,
oats, sunflower seed. |
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TERRITORY OF SALES |
100% (domestic market) |
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N. OF EMPLOYEES |
15 observed |
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LOCATION |
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ADMINISTRATIVE OFFICES, COMMERCIAL LOCATION AND WAREHOUSE: Located at the
above stated address. Extensive premises situated in a commercial zone of the
city of easy access. Premises in good repair. |
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COMMENTS OF OPERATIONS.- |
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The subject imports from Canada, Costa Rica, China, Brazil, Vietnam, Taiwan,
Syria, Sri Lanka, Turkey, Malaysia, Indonesia, Egypt, Sudan, Ethiopia, among
others. The subject participates and is supplier through bidding processes
called by state entities. |
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FOREIGN
SUPPLIERS |
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Name |
Contact |
Telephone/fax |
Country |
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KEYSTONE GRAIN LTD. |
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CANADA |
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CI SAN JORGE 714 SAS |
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COLOMBIA |
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LAKESIDE GLOBAL GRAINS INC. |
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CANADA |
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BWAP EXPORT PLC |
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ETHIOPIA |
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ROY LEGUMEX INC |
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CANADA |
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KALSHEA COMMODITIES INC |
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CANADA |
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BANKERS /
REFERENCE |
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCO INDUSTRIAL S.A. |
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GUATEMALA |
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BANCO DE DESARROLLO RURAL S.A. |
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GUATEMALA |
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BANCO INTERNACIONAL S.A. |
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GUATEMALA |
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BANCO G& T CONTINENTAL, S.A. |
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GUATEMALA |
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BANK COMENTS |
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Consulted banks do not provide information per bank secrecy. |
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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.32 |
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1 |
Rs.102.54 |
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Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
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Report Prepared
by : |
NNA |
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 |
-- |
This score serves as a reference to assess SCs 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.