|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
GRUPO CENTRAL DE INVERSIONES SA |
|
|
|
|
Registered Office : |
11 Calle 0-65, Edif. Viscaya 2do. Piso Of. 202, C.P.01010, |
|
|
|
|
Country : |
Guatemala |
|
|
|
|
Date of Incorporation : |
17.07.2003 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Advisory services regarding finance, auditing and accounting. Loans
outsourcing services |
|
|
|
|
No. of Employees : |
15 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Guatemala |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 30% 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 America 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 more than 40% of the population,
averages 73%, with 22% of the indigenous population living in extreme poverty.
Nearly one-half of Guatemala's children under age five are chronically
malnourished, one of the highest malnutrition rates in the world. Guatemala is
the top remittance recipient in Central America as a result of Guatemala's
large expatriate community in the United States. These inflows are a primary
source of foreign income, equivalent to one-half of the country's exports or
one-tenth of its GDP.
|
Source
: CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
GRUPO CENTRAL DE INVERSIONES SA |
|
TRADE NAME |
CENTRAL DE INVERSIONES |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
34100407 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
11 Calle 0-65, Edif. Viscaya 2do. Piso Of. 202 |
|
CITY/PROVINCE/STATE |
C.P.01010, Guatemala. |
|
PHONE NUMBER(S) |
(502) 2332.8087 to 91 |
|
FAX NUMBER |
(502) 2332.8093 |
|
E-MAIL |
eortiz@cae.com.gt |
|
WEB SITE |
www.cae.com.gt |
|
E-MAIL |
servicioalcliente@cae.com.gt |
|
COMMENTS OF IDENTIFICATION.- |
This report was ordered with address: 11 calle 0-65 zona 10 edificio
vizcalla ofc. 202. Please be noted that the complete and correct address of
the subject is as shown above. |
|
LEGAL ASPECTS |
|
|
LEGAL STATUS |
Stock Company |
|
INCORPORATION DATE |
17/07/2003 |
|
REGISTERED IN |
Guatemala |
|
DURATION |
Unlimited |
|
REGISTRATION |
Deed No.49 |
|
COMMENTS ON LEGAL ASPECTS .- |
|
|
The incorporation date is for reference due to that information was
not obtained directly from the subject. The subject was established under
deed No.49 On 28/07/2003 it was provisionally registered in the Commercial
Register of Guatemala and it was registered in the Superintendence of Tax
Administration (SAT). On 27/08/2003 it was definitively registered in the
Commercial Register of Guatemala. |
|
|
BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
HECTOR ORTIZ, RUBEN SOTO |
Legal Representative |
|
No negative information found.
|
INITIAL CAPITAL |
Q.5,000,00 Quetzales |
|
PAID-UP CAPITAL |
Q.5,000.00 Quetzales |
|
LAST CAPITAL INCREASE |
Without increase |
|
LISTED AT STOCK EXCHANGE |
NO |
|
PAYMENT HISTORY |
EP. E: WITHOUT CREDIT EXPERIENCE |
|
RELATED COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
CENTRO DE APOYO EMPRESARIAL SA |
5821436 |
GUATEMALA |
|
FINANCIAL
INFORMATION |
|
CONTENT.- |
|
When visiting the captioned address premises was closed. Then, we called
the provide telephone numbers however it rings all the time with no answer.
Therefore, the information comprised in this report has been totally obtained
from outside 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$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 |
|
INSURANCE.- |
|
No insurance policies were reported. |
|
CREDIT FILES |
|
Consulted suppliers do not give references of their clients by policy
of companies |
|
RATE OF EXCHANGE |
US$1.00 = Q.7.67 as of report date |
|
WHO IS WHO? |
|
HECTOR ORTIZ, RUBEN SOTO |
|
Guatemalean, Born: on 31/08/1970., NIT, 1833286 , . |
|
OPERATIONS |
|
|
SECTOR |
5.-SERVICES |
|
ACTIVITY |
PROFESSIONAL SERVICES |
|
ISIC CATEGORY |
K-SERVICES PROVIDED TO COMPANIES, REAL ESTATE, COMPUTING SERVICE,
RENTAL OF EQUIPMENT AND MACHINERY |
|
MAIN ACTIVITY |
Advisory services regarding finance, auditing and accounting. Loans
outsourcing services. |
|
% CASH SALES/PAYMENT METHOD |
50% |
|
% CREDIT SALES/TERMS |
50% (terms at 30 days) |
|
TERRITORY OF SALES |
100% (Domestic Market) |
|
% LOCAL PURCHASING |
100% |
|
N. OF EMPLOYEES |
15 (approximately) |
|
COMMENTS OF OPERATIONS.- |
|
|
It imports from Hong Kong, China and Taiwan. |
|
|
LOCATION |
|
ADMINISTRATIVE OFFICES, Located at captioned address in an industrial
zone of the city. Spacious premises. |
|
BANK COMENTS |
|
Consulted banks do not give any information of their clients due to
bank secrecy. |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
UK Pound |
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SHG |
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.