MIRA INFORM REPORT

Report Date :

18.09.2014

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	No Trace
Payment Behaviour :	--
Litigation :	--

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC 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

Company Name

Company name MANTEX SOCIEDAD ANONIMA

Country: GUATEMALA

Street Name: Kilometro 19.5 Carretera a San Jose Pinula

City Code: N/a

Based on the investigation details you have provided we have been unable to provide you with a full report on the company you are investigating due to the following reasons:

Database:

■ We do not hold any information on the company you are investigating in our database

Address:

■ The address you have provided in your investigation is not a complete / accurate one

■ Local reporters have been unable to locate an alternative address

We have attempted unsuccessfully to locate the subject company using the following methods:

■ Post

■ Internet

■ Printed Reference Books/Directories

■ International Directory Enquiries

■ Local Telephone/Telecommunications Directory

■ Local Authorities

Please provide us with any additional information you may have so that we can resume an investigation on your behalf and provide you with a full report free of charge.

IDENTIFICATION
COMPANY NAME	MANTEX SOCIEDAD ANONIMA
MAIN ADDRESS	Kilometro 19.5 Carretera a San Jose Pinula
COMMENTS OF IDENTIFICATION.-	Please be noticed that the company name and address shown in caption are only a reference, written as they were provided, due to the subject was not found.
INFORMATION GENERAL
This report is based on general information due to the following reasons: - The address provided is very generic and could not be found. - We consulted the telephone books, street guides, industrial directories and agendas; however, the firm MANTEX SOCIEDAD ANONIMA could not be found. - When trying to find the subject according to the address provided, along the road there are several premises in sale; hence, the subject's facility could not be found. - We consulted the Public of Guatemala; unfortunately, the database does not register a company name under the one provided. - We consulted several customs agencies in order to find foreign trade information; however, the system does not register the subject company. Therefore, in order to continue with our inquiry, we will be very grateful you could provide us with further data, such as the correct company name, address, telephone numbers and/or contact person, or any other helpful information in order to find the subject; otherwise, we will be forced to end the report up to this point.

CREDIT OPINION

COMMENTS: A proper credit opinion cannot be issued since the subject was not found.

Important Note:

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

INFORMATION DETAILS

Report Prepared by :

NIS

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.