|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
EUROMARMOL LIMITADA |
|
|
|
|
Registered Office : |
Calle 77 N 74-04, Barranquilla |
|
|
|
|
Country : |
Colombia |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.03.1992 |
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|
|
|
Com. Reg. No.: |
Certificate No.154205/ NBC 10105792 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in importing, exporting & marketer of marble and granite |
|
|
|
|
No. of Employees |
60 approximately |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Colombia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Colombia ECONOMIC OVERVIEW
Colombia's
consistently sound economic policies and aggressive promotion of free trade
agreements in recent years have bolstered its ability to face external shocks.
Real GDP has grown more than 4% per year for the past three years, continuing
almost a decade of strong economic performance. All three major ratings
agencies have upgraded Colombia's government debt to investment grade.
Nevertheless, Colombia depends heavily on energy and mining exports, making it
vulnerable to a drop in commodity prices. Colombia is the world’s fourth
largest coal exporter and Latin America’s fourth largest oil producer. Economic
development is stymied by inadequate infrastructure and an uncertain security
situation. Moreover, the unemployment rate of 9.7% in 2013 is still one of
Latin America's highest. The SANTOS Administration's foreign policy has focused
on bolstering Colombia's commercial ties and boosting investment at home. The
US-Colombia Free Trade Agreement (FTA) was ratified by the US Congress in
October 2011 and implemented in 2012. Colombia has signed or is negotiating
FTAs with a number of other countries, including Canada, Chile, Mexico,
Switzerland, the EU, Venezuela, South Korea, Turkey, Japan, China, Costa Rica,
Panama, and Israel. Colombia is also a founding member of the Pacific
Alliance—a group formed in 2012 among Chile, Colombia, Mexico, and Peru to
promote regional trade and integration. In 2013, Colombia began its ascension
process to the OECD. The annual level of foreign direct investment - notably in
the oil and gas sectors - reached $10 billion in 2008 but dropped to $7.2
billion in 2009, before beginning to recover in 2010, and reached a record high
of nearly $16 billion in 2012. Inequality, poverty, and narcotrafficking remain
significant challenges, and Colombia's infrastructure requires major
improvements to sustain economic expansion.
|
Source : CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
EUROMARMOL LIMITADA |
|
TRADE NAME |
EUROMARMOL
LTDA |
|
TAX
ID TYPE |
NIT |
|
TAX ID NUMBER |
800157469-7 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Calle 77 N 74-04 |
|
CITY/PROVINCE/STATE |
Barranquilla. |
|
PHONE NUMBER (S) |
(57-5) 360.0208 |
|
FAX NUMBER |
(57-5) 368.3480 |
|
E-MAIL |
|
|
PAYMENT HISTORY |
WITHOUT CREDIT
EXPERIENCE |
|
COMMENTS OF
IDENTIFICATION.- |
No website was found. This report was ordered as EUROMARMOL.
Please be noted that the complete and correct company name of the subject is
as shown above. Likewise, this report was ordered with address:77 #74-04
Barranquilla Country: Colombia Phone Colombia. Please be noted that the
complete and correct address of the subject is as shown above. |
|
LEGAL ASPECTS |
|
|
LEGAL STATUS |
Limited Liability
Company |
|
INCORPORATION DATE |
10/03/1992 |
|
REGISTERED IN |
Barranquilla |
|
DURATION |
09/03/2022 |
|
NOTARY OFFICE |
No.2 |
|
REGISTRATION |
Certificate No.154205/
NBC 10105792 |
|
BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
YIDI DACCARETT, ENRIQUE
ALBERTO |
General Manager |
50% |
|
YIDI
DACCARETT, ORLANDO |
Legal Rep./Sales Mger. |
50% |
|
YIDI SLEBI, ROBERTO |
Finance Manager |
|
|
DE LA HOZ DEL CASTILLO,
JOSE MANUEL |
Alternate Board of
Directors |
|
|
ROCHA OSORIO, EDGARDO
ENRIQUE |
Accountant |
|
|
PACHECO LOPEZ, LUIS
EDUARDO |
Tax Advisor |
|
|
MOLINA GONZALEZ, GLADYS
ESTELLA |
Alternate Tax Reviser |
|
No negative information found.
|
PAID-UP CAPITAL |
Ps$1,000,000,000.00
Pesos |
|
NET WORTH |
Ps$4,893,287,000.00
Pesos (As of 31/12/2012) |
|
LISTED AT STOCK EXCHANGE |
NO |
|
IMPORTS |
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 2,697,950.54 |
|
YEAR |
2012 |
|
AMOUNT |
US$ 1,959,068.20 |
|
YEAR |
2011 |
|
AMOUNT |
US$ 1,713,265.68 |
|
EXPORTS |
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 697,950.54 |
|
YEAR |
2012 |
|
AMOUNT |
US$ 24,075.56 |
|
YEAR |
2011 |
|
AMOUNT |
US$ 462,080.94 |
|
LOCAL SUPPLIERS |
||
|
Name |
Contact |
Telephone |
|
AGENCIA DE ADUANAS ACI
CARGO LTDA NIVEL 2 |
|
|
|
MAERSK COLOMBIA S A |
|
|
|
FOREIGN SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
LEVANTINA Y ASOCIADOS DE
MINERALES SA |
|
|
SPAIN |
|
CAJUGRAM GRANITOS E
MARMOLES DO BRASIL LTD |
|
|
BRAZIL |
|
MARMOLES EUROAMERICA S L |
|
|
SPAIN |
|
MARMOL SPAIN S L U |
|
|
SPAIN |
|
BEST CHEER XIAMEN STONE
WORKS CO LTD |
|
|
CHINA |
|
RELATED COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
INDUSTRIAS YIDI SA |
8901008043 |
COLOMBIA |
|
FINANCIAL INFORMATION |
|
CONTENT.- |
|
During our
investigation, we interviewed Mr. Edgardo Rocha (Accountant) who supplied
business information regarding the subject except for financial figures on
grounds of confidentiality, Through external sources, we obtained its General
Balance Sheet as of 31/12/2012 (12 months) expressed in Pesos which figures
are: |
|
GENERAL BALANCE SHEET |
|||
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Balance Date |
31/12/2012 |
|
|
|
Currency |
Peso |
|
|
|
Exchange Rate |
1,774.50 |
|
|
|
.Current Total |
15,500,020,000.00 |
|
|
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.Net Fixed |
2,277,070,000.00 |
|
|
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.Total Assets |
17,777,090,000.00 |
|
|
|
.Total Current
Liabilities |
5,565,612,000.00 |
|
|
|
.Long Term Accounts |
7,318,191,000.00 |
|
|
|
Total Liabilities |
12,883,803,000.00 |
|
|
|
Total Equity |
4,893,287,000.00 |
|
|
|
Total Liabilities and
Equity |
17,777,090,000.00 |
|
|
|
PROFIT AND LOSS ACCOUNT |
|||
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Balance Date |
31/12/2012 |
|
|
|
Currency |
Peso |
|
|
|
Exchange Rate |
1,774.50 |
|
|
|
Net Sales |
9,870,841,000.00 |
|
|
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Net Income(Net Loss) |
548,917,000.00 |
|
|
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RATIOS FINANCIAL |
|||
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PERIOD |
2,012.00 |
|
|
|
. NET WORKING CAPITAL |
9,934,408,000.00 |
|
|
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. LIQUIDITY RATIO |
2.78 |
|
|
|
. CONTENTS OF THE ACID
TEST |
0.00 |
|
|
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. INDEBTEDNESS |
1.38 |
|
|
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. LIABILITIES, CAPITAL |
0.00 |
|
|
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. TOTAL ASSET TURNOVER |
0.56 |
|
|
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. RETURN ON EQUITY |
0.00 |
|
|
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. NET RETURN ON SALES |
0.00 |
|
|
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FINANCIAL COMMENTS.- |
|||
|
COUNTRY CONTEXT - COLOMBIA: The below Country comments were
obtained from a highly regarded public source that issues economic comments
on all of World` s countries. Taxes: · Colombian income tax: 38.5% on the net
profit-business:. · Tax agreements with the Andean Community and Spain which
allow residents in this countries to have a special tax treatment. ·
Alphabetic currency code for every country, established by the International
Organization for Standardization (ISO) 4217: Colombian Peso (COP) Main
economic indicators: · External debt: US $73.41 billion (31 December 2012
est.) · International reserves: US$34.74 billion (31 December 2012 est.) ·
Inflation rate forecasted: 3.2% (2012 est.) · GDP growth rate: 4.3% (2012
est.) · Annual GDP per capita: US$10,700 (2012 est.) · GDP - composition by
sector: agriculture: 6.8% industry: 38.1% services: 55.1% (2012 est.) ·
Labour force of 23.08 million people divided by: agriculture: 18% industry:
13% services: 68% · Unemployment rate: 10.3% (2012 est.) Productive sectors:
Agriculture - products: coffee, cut flowers, bananas, rice, tobacco, corn,
sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products ·
Industrial- products: textiles, food processing, oil, clothing and footwear,
beverages, chemicals, cement; gold, coal, emeralds Foreign trade: Exports:
US$59.96 billion (2012 est.) country comparison to the world: 55 Exports -
commodities: petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas,
apparel Exports - partners: US 42%, Netherlands 4.7%, China 4.2% (2011)
Imports: US$55.49 billion (2012 est.) country comparison to the world: 54
Imports - commodities: industrial equipment, transportation equipment,
consumer goods, chemicals, paper products, fuels, electricity Imports -
partners: US 29.2%, China 11.9%, Mexico 11.5%, Brazil 5.3% (2011) Final
brief: Commercial Country Risk: MEDIUM Political Country Risk: LOW |
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DETAILS OF FIXED
ASSETS.- |
|||
|
Main assets include: -
Machinery and equipment - Office equipment - Fittings - Tools among others
All for a total amount of Ps$2,179,932,000.00 Pesos |
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INSURANCE.- |
|||
|
All-risk insurance
policy is taken with an insurance policy company, whose name, coverage
amount, and date of maturity were not supplied. |
|||
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CREDIT FILES |
|||
|
Locally, the subject
purchases in cash and it does not have credit experience due to main
purchases come from abroad. Consulted suppliers do not give references of
their clients by policy of companies |
|||
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RATE OF EXCHANGE |
US$1.00 = Ps$2042.50 as of report date |
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WHO IS WHO? |
|
YIDI DACCARETT, ENRIQUE
ALBERTO |
|
Colombian, ID, 8705926
,, Engineer, . |
|
YIDI
DACCARETT, ORLANDO |
|
Colombian, ID, 72146773
, . |
|
YIDI SLEBI, ROBERTO |
|
Colombian, . |
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OPERATIONS |
|
|
SECTOR |
2.-TRADE (WHOLESALE) |
|
ACTIVITY |
MATERIALS&FINISHES
FOR THE CONSTRUCTION INDUSTRY |
|
ISIC CATEGORY |
G-WHOLESALE AND/OR
RETAIL SALE |
|
MAIN ACTIVITY |
Engaged in importing, exporting & marketer of marble and granite |
|
% CASH SALES/PAYMENT
METHOD |
35% |
|
% CREDIT SALES/TERMS |
65% (Terms at 30 days) |
|
TERRITORY OF SALES |
National and
international market. |
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N. OF EMPLOYEES |
60 approximately |
|
LOCATION |
|
ADMINISTRATIVE OFFICES,
COMMERCIAL PREMISES, Located at captioned address in a business zone of easy
access. Premises are kept in good repair. |
|
COMMENTS OF OPERATIONS.- |
|
It imports from China,
India, Brazil, Spain, Turkey, Pakistan, Turkey, Italy, Vietnam. Besides, it
exports to Venezuela, Aruba, United States. |
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BANKERS / REFERENCE |
||||
|
Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
|
BANCO DE BOGOTA SA |
|
|
|
COLOMBIA |
|
BANCOLOMBIA
SA |
|
|
|
COLOMBIA |
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BANK COMENTS |
||||
|
Consulted banks do not
give any information of their clients due to bank secrecy. |
||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
UK Pound |
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.