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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
Juan Niemann y
cia ltda |
|
|
|
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Registered Office : |
Calle Mariscal Cruz 10-69, Zona 5 |
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Country : |
Guatemala |
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|
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Date of Incorporation : |
04.05.1948 |
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Subject is engage in representation and commercialization
of machinery, chemical products and raw material for the industry. Third
party brands: "G&E", "BAUER", "BAYER" |
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|
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Guatemala |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
GUATEMALA - ECONOMIC OVERVIEW
Ghana's economy has been
strengthened by a quarter century of relatively sound management, a competitive
business environment, and sustained reductions in poverty levels. In late 2010,
Ghana was recategorized as a lower middle-income country. Ghana is well-endowed
with natural resources and agriculture accounts for roughly one-quarter of GDP
and employs more than half of the workforce, mainly small landholders. The
services sector accounts for 50% of GDP. Gold and cocoa production and
individual remittances are major sources of foreign exchange. Oil production at
Ghana's offshore Jubilee field began in mid-December 2010,and is producing
close to target levels. Additional oil projects are being developed and are
expected to come on line in a few years. Estimated oil reserves have jumped to
almost 700 million barrels and Ghana’s growing oil industry is expected to
boost economic growth as the country faces the consequences of two years of
loose fiscal policy, high budget and current account deficits, and a
depreciating currency. President MAHAMA faces challenges in managing a
population that is unhappy with living standards and that perceives they are
not reaping the benefits of oil production because of political corruption
|
Source
: CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
JUAN NIEMANN Y CIA LTDA |
|
TRADE NAME |
J.C. NIEMANN |
|
TAX ID TYPE |
RUC |
|
TAX ID NUMBER |
33563-0 |
|
CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle Mariscal Cruz 10-69, Zona 5 |
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CITY/PROVINCE/STATE |
Guatemala |
|
PHONE NUMBER(S) |
(502)2420.8989 |
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FAX NUMBER |
(502)2334.7453 |
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E-MAIL |
jcniemann@jcniemann.com/ yzarat@niemann.com |
|
WEB SITE |
www.jcniemann.com |
|
CR-RATING |
CR. B: LOW RISK |
|
COMMENTS OF IDENTIFICATION.- |
The subject also has the following trade names: J C NIEMANN,
JUAN NIEMANN and COMPAÑIA LIMITADA SUCURSAL ZONA FRANCA. |
|
BOARD
OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
NIEMANN ENGE, JUAN DIETRICH OLMAN |
General Manager/Majority Shareholder |
|
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LOPEZ SOSA, JULIO ERNESTO |
Administrative and Finance Manager |
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GUEVARA, JORGE |
Logistics Manager |
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DE ORTIZ, YEIMY |
General Accountant |
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WHO
IS WHO? |
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NIEMANN ENGE , JUAN DIETRICH OLMAN |
|
Guatemalan, of German origin, DOB: Year 1957, He studied
Chemical Engineering at University of Kansas and at University of Southern
California. Besides, he studied Bank Administration at the University of
Hamburg (Germany). He has worked as: Member of the Board of Trustees at
Universidad del Valle de Guatemala. Founder of the American College and
former member of its Board of Directors, Founder and Former President of the
Guatemala Education Foundation, Former Board of Technical Education
Institute, former Director of the Chamber of Commerce of Guatemala among
others., . |
No negative information found.
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PAID-UP CAPITAL |
Q.25,000.00 Quetzales. |
|
LAST CAPITAL INCREASE |
Last registered |
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PAYMENT HISTORY |
EP. E: WITHOUT CREDIT EXPERIENCE |
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% CASH SALES/PAYMENT METHOD |
40% |
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% CREDIT SALES/TERMS |
60% (Terms 30 - 60 days) |
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TERRITORY OF SALES |
100% (Domestic market) |
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FOREIGN
SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
BAYER AG |
|
(+49) 2143099779 |
GERMANY |
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ABEGG AG |
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(+49) 794016677 |
GERMANY |
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FERROSTAHI GMBH |
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(+49) 20181003801 |
GERMANY |
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DEGUSSA AG |
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(+49) 20117701 |
GERMANY |
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RISESUN ELECTRICAL & INDUSTRIAL CO., LTD |
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02-27233859 |
TAIWAN |
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RELATED
COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
J.C. NIEMANN EL SALVADOR SA DE CV |
9483140988101-4 |
EL SALVADOR |
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FINANCIAL
INFORMATION |
|
CONTENT.- |
|
During our investigation, we tried to interview Mr. Juan
Niemann (General Manager) who is the only authorized person to provide the
required information, however, we were only able to talk to Ms. Julia (Assistant)
who declined to provide information on grounds of confidentiality. The
subject is an industrial company with 66 years in business which is estimated
to be operating normally. We know that the subject received concept of awards
granted by the governments, in the following periods: Year: 2013 Amount: Q
84,988.68 Awards : 1 Year: 2012 Amount: Q. 227,747.79 Awards : 6 Year: 2011
Amount: Q. 11,042.96 Awards : 1 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$17.67 billion (31
December 2013 est.) · International net reserves: US $7.118 billion (31
December 2013 est.) · Inflation rate : 4.4% (2013 est.) · GDP real growth
rate: 3.3% (2013 est.) · Annual GDP per capita: US$5,300 (2013 est.) GDP -
composition, by sector of origin: agriculture: 13.5% industry: 23.8%
services: 62.7% (2013 est.) · Labour force of 4.465 million people (2013
est.) divided by: agriculture: 38% industry: 14% services: 48% Unemployment
rate: 4.1% (2011 est.) (last available) Productivity sectors: Agriculture -
products: sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep,
pigs, chickens Industries: sugar, textiles and clothing, furniture,
chemicals, petroleum, metals, rubber, tourism Foreign trade: Exports:
US$10.29 billion (2013 est.) country comparison to the world: 93 US$10.11
billion (2012 est.) Exports - commodities: coffee, sugar, petroleum, apparel,
bananas, fruits and vegetables, cardamom Exports - partners: US 40.2%, El
Salvador 11.1%, Honduras 8%, Mexico 5.5%, Nicaragua 4.7%, Costa Rica 4.3%
Imports: US$16.7 billion (2013 est.) country comparison to the world: 83
US$15.84 billion (2012 est.) Imports - commodities: fuels, machinery and
transport equipment, construction materials, grain, fertilizers, electricity,
mineral products, chemical products, plastic materials and products Imports -
partners: US 38%, Mexico 11.3%, China 7.4%, El Salvador 4.6% Country risks:
Commercial Country Risk: MEDIUM Political Country Risk: LOW |
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INSURANCE.- |
|
The subject holds all loss insurance policy with
ASEGURADORA GENERAL SA (coverage amount and maturity date were not
disclosed). |
|
CREDIT FILES |
|
Locally, the subject does not have credit experience due
to its purchases come from abroad. |
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RATE OF EXCHANGE |
US$1.00 = Q.7.72 as of report date |
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LEGAL
ASPECTS |
|
|
LEGAL STATUS |
Limited Liability Company |
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INCORPORATION DATE |
04/05/1948 |
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REGISTERED IN |
Guatemala |
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DURATION |
Unlimited. |
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REGISTRATION |
Deed No.27 |
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LISTED AT STOCK EXCHANGE |
NO |
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BACKGROUND (HISTORY).- |
|
|
The subject was founded by Mr. Juan Niemann Ahlers and
from its beginnings the desire always was of developing trade and the national
industry with products and worn services of Europe. J.C. NIEMANN specializes
in its beginnings in the manufacturers'representation as BAYER AG, FARBWERKE
HOECHST AG, DEGUSSA AG, AEG AG, FERROSTAHI AG, between others. In the 50s
assumes the presentation of Riunione Adriática Di Sicurita in the field of
the insurances and takes part like Adjustor of hurts and breakdowns of
European companies. Later it takes part in the foundation of the Company
Aseguradora General SA, GROUP GENERALLI. In 1968 J.C. NIEMANN acquires its
own facilities and extends in the 70s its activities with the sale of
Products for the pharmaceutical, food, poultry industry, metal mechanics, of
packings, plastic arts and textile; as well as its activities in the
distribution and financing of raw materials, machinery and industrial
projects. In the decade of 80s it takes part in the supply and construction
of Hydroelectric Plants in Guatemala and Honduras, as well as in the
electrical interconnection with networks of high tension in Salvador. |
|
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COMMENTS ON LEGAL ASPECTS .- |
|
|
Pertinent Registration data was not directly provided by
the subject. On 21/06/1971 it was provisionally registered in the Commercial
Register of Guatemala On 21/06/1971 the subject was registered in the Superintendence
of Tax Administration (SAT) On 10/09/1971 it was definitively registered in
the Commercial Register of Guatemala. The subject is registered in The
Contracting and Procurement System of Guatemala.Thus, it participates and is
supplier through bidding processes called by state entities. |
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OPERATIONS |
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SECTOR |
2.-TRADE (WHOLESALE) |
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ACTIVITY |
DIVERSE PRODUCTS |
|
ISIC CATEGORY |
G-WHOLESALE AND/OR RETAIL SALE |
|
MAIN ACTIVITY |
The subject is engage in representation and commercialization
of machinery, chemical products and raw material for the industry. Third
party brands: "G&E", "BAUER", "BAYER" |
|
N. OF EMPLOYEES |
150 aproximately |
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LOCATION |
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HEADQUARTERS: Located at the above address, owned premises of three
story building, located in a centric zone of the city of easy access.
BRANCHES: - Av. 2-77 Zona 7, Colonia El Rodeo, Phone (502)2431.5354 Rented
premises. |
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COMMENTS OF OPERATIONS.- |
|
The subject has 5 business divisions: - Textile and
clothing-Industry: industrial and domestic machines, ironing equipment,
cutting machines, spare parts. - Electricity Industry: industrial equipment,
electric motors, gearmotors. - Plastics and packaging industry: plastics
(injectors, extruders), labellers, Packaging Material, Sealer, Spare Parts. -
Chemical industry: poultry, rubber, cosmetics, leather, soaps and detergents,
paper, wax, paint. - Average adjusters (risk inspection) and Personal
Insurance (accidental and individual life). The subject operates 100% directly.
Currently, the subject has an important portfolio of clients in Guatemala.
Main clients are large companies, as well as medium and small sized companies
with good credit health. Some of its clients are: - INSTITUTO GUATEMALTECO DE
SEGURIDAD SOCIAL ?IGSS - INSTITUTO NACIONAL DE ELECTRIFICACIÓN ?INDE -
MINISTERIO DE SALUD PÚBLICA - INSTITUTO TÉCNICO DE CAPACITACIÓN Y
PRODUCTIVIDAD ?INTECAP - MINISTERIO DE GOBERNACIÓN When visiting the
captioned address we observed a large quantity of goods and a large number of
customers. Main competitors: - ELECTRO MATERIALES, SA - ELECTROMA, S.A. -
PRODUCTOS ELECTRICOS CENTROAMERICANOS, SA - CELASA INGENIERÍA Y EQUIPOS, S.A.
- PROELCA, S.A Its importations come from Germany, USA and China. |
|
BANKERS
/ REFERENCE |
||||
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCO INDUSTRIAL SA |
|
|
|
GUATEMALA |
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BANCO AGROMERCANTIL DE GUATEMALA SA |
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|
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GUATEMALA |
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BANK COMENTS |
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Consulted banks do not give any information of their
clients due to bank secrecy. |
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COMMENTS: The subject is a long experienced trading company
which has been operating normally. No detrimental were found. Therefore,. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
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 |
-- |
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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.