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Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
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Name : |
MUNDIAL DE ESTRUCTURAS Y ROCAS SAS |
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Registered Office : |
Carrera 52 (Av. Guayabal) No.8 Sur – 30, Medellin |
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Country : |
Colombia |
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Date of Incorporation : |
17.01.2006 |
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Com. Reg. No.: |
Mercantile Certificate No.38652612 |
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
· Engaged in import, transformation, commercialization and installation of marble, granite and decorative stones. · Subject design and sell kitchens, bathroom furniture, bars, islands and others in natural woods such as cedar, oak, RH MADECOR for customers convenience |
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No. of Employees |
50 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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.
ECGC Country Risk Classification List – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Colombia |
B1 |
B1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 oil exports, making it
vulnerable to a drop in oil prices. Economic development is stymied by
inadequate infrastructure, weakened further by recent flooding. Moreover, the
unemployment rate of 10.3% in 2012 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. Foreign
direct investment - notably in the oil and gas sectors - reached a record $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.
Colombia is the third largest Latin American exporter of oil to the United
States, and the United States'' largest source of imported coal. Inequality,
underemployment, and narcotrafficking remain significant challenges, and Colombia''s
infrastructure requires major improvements to sustain economic expansion.
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Source : CIA |
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IDENTIFICATION |
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COMPANY NAME |
MUNDIAL DE ESTRUCTURAS Y ROCAS SAS |
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TRADE NAME |
MUES SAS |
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TAX ID TYPE |
NIT |
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TAX ID NUMBER |
900065749-1 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Carrera 52 (Av. Guayabal) No.8 Sur - 30 |
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CITY/PROVINCE/STATE |
Medellin |
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PHONE NUMBER(S) |
(57-4) 362.6105 / 361.1694 / 581.6080 |
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WEB SITE |
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PAYMENT HISTORY |
WITHOUT CREDIT EXPERIENCE |
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COMMENTS OF IDENTIFICATION.- |
The report was ordered as: MUNDIAL DE ESTRUCTURAS Y ROCAS. Please be
advised that the complete form of company name is as shown in caption. Also, this
report was requested with address: Carrera 52 No 8 sur-30 av guayabal
medellin. Please be noticed that the correct and complete form of this
address is as mentioned above. |
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LEGAL ASPECTS |
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LEGAL STATUS |
Simplified Joint Stock Company |
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INCORPORATION DATE |
17/01/2006 |
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REGISTERED IN |
Medellin |
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DURATION |
Undefined |
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REGISTRATION |
Mercantile Certificate No.38652612 |
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COMMENTS ON LEGAL ASPECTS
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Since 18/09/2007, the subject is member of the Medellin Chamber of Commerce
for Antioquia, under Mercantile Certificate No.38652612. The subject's Check
Digit (DV) number is: 1. |
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BOARD OF
DIRECTORS-EXECUTIVES-SHAREHOLDERS |
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NAME |
JOB TITLE |
% STAKE |
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BUSTAMANTE, JUAN PABLO |
Legal Representative |
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BUSTAMANTE, LUIS ALFONSO |
Alternate Legal Rep. |
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No negative information given.
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INITIAL CAPITAL |
Ps$100,000,000.00 Pesos |
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TYPE OF SHARES |
Registered shares |
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LISTED AT STOCK EXCHANGE |
NO |
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IMPORTS |
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YEAR |
2013 |
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AMOUNT |
US$ 119,148.08 |
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COUNTRIES |
Brazil, China, USA, Spain, India |
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YEAR |
2012 |
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AMOUNT |
US$ 242,628.28 |
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COUNTRIES |
Brazil, China, Spain, India, Panama, USA |
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YEAR |
2011 |
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AMOUNT |
US$ 142,739.01 |
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COUNTRIES |
Brazil, China, Spain, USA, Bulgaria, UK, Japan |
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% CASH SALES/PAYMENT METHOD |
40% |
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% CREDIT SALES/TERMS |
60% (Terms at 30, 45 days) |
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FINANCIAL
INFORMATION |
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CONTENT.- |
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All the information comprised in this report has been gathered through
outside sources since it was not possible to interview the subject's main
executives due to their busy agenda. No financial figures were possible to
obtain through outside sources. The subject is an 8-year-old commercial
company in market that conducts operations without inconveniences. 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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INSURANCE.- |
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No insurance policy was found. |
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CREDIT FILES |
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Possible local consulted suppliers do not register the subject as a
margin client; seemingly, its purchases are paid in cash or come only from
foreign suppliers. |
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RATE OF EXCHANGE |
US$1.00 = Ps$2,042.5, as of report date |
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OPERATIONS |
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SECTOR |
3.-TRADE ( WHOLESALE AND RETAIL) |
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ACTIVITY |
MATERIALS&FINISHES FOR THE CONSTRUCTION INDUSTRY |
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ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL SALE |
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MAIN ACTIVITY |
·
Engaged
in import, transformation, commercialization and installation of marble,
granite and decorative stones. · Subject design and sell kitchens, bathroom furniture, bars, islands and others in natural woods such as cedar, oak, RH MADECOR for customers convenience |
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TERRITORY OF SALES |
100% (Domestic market) |
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N. OF EMPLOYEES |
50 approximately |
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LOCATION |
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TAX DOMICILE, SALES AREA, MAIN OFFICES: Located at the heading
address. Premises are kept in good repair. FACTORY: Calle 24 No.65E-38, B, Trinidad.
Phone: (57-4) 235.2965 / 235.0050 |
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COMMENTS OF OPERATIONS.- |
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Operations are conducted directly. Main clients: CONINSA, BIENES Y
BIENES, CONSTRUCTORA CAPITAL, CONCONCRETO, ARRECIFE, PSI EDICRETO, RIO MAR,
TURIPANA. |
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BANKERS /
REFERENCE |
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCOLOMBIA SA |
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COLOMBIA |
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BANCO DE BOGOTA SA |
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COLOMBIA |
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BANK COMENTS |
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The above banks do not furnish information about clients by preserving
confidentiality of bank-client information. |
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CREDIT OPINION |
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For a higher amount, pertinent guarantees are advised. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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UK Pound |
1 |
Rs.102.22 |
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Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.