|
Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
FILMTEX SAS |
|
|
|
|
Registered Office : |
Carrera 73 No 62 D-81, Sur Barrio Perdomo, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.09.1976 |
|
|
|
|
Legal Form : |
Simplified Joint Stock Company |
|
|
|
|
Line of Business : |
Subject is engaged in the manufacture, transformation, processing,
acquisition, importation, distribution and commercialization of thermoplastic
films, PVC films and plastic products in general. Industrial Products
Department: rigid or flexible sheets for packaging, bookbinding processes of
office supplies, making inflatable furniture veneer, fiberglass sheets coated
and panels for roof foils, among others. Graphic Arts Department: rigid or
flexible sheets with matte or gloss finishing suitable for subsequent screen
printing, offset and flexographic systems for production of posters, cards,
keychains, banking cards, stickers, and so on. Visual Communication
Department: Flexible sheets with or without interlining suitable for screen
printing, ink-jet, self-adhesive solvent base to be used in the development
of advertising elements such as billboards, neon signs, banners, among
others.. Engineering Department: rigid or flexible sheets for thermal
insulating and waterproofing, |
|
|
|
|
No. of Employees : |
180 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
EUR 500,000.00 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Colombia |
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 weather 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. Colombia has signed or is
negotiating Free Trade Agreements (FTA) with more than a dozen countries; the
US-Colombia FTA went into force on May 2012. Colombia is also a founding member
of the Pacific Alliance - a regional grouping formed in 2012 by Chile,
Colombia, Mexico, and Peru to promote regional trade and economic 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 a
record high of $16.8 billion in 2013, an increase of 7% over 2012. Inequality,
poverty, and narcotrafficking remain significant challenges, and Colombia's
infrastructure requires major improvements to sustain economic expansion
|
Source
: CIA |
|
IDENTIFICATION |
|
|
COMPANY NAME |
FILMTEX SAS |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
860049313- 2 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Carrera 73 No 62 D-81, Sur
Barrio Perdomo |
|
CITY/PROVINCE/STATE |
Bogota D.C. |
|
PHONE NUMBER(S) |
(57-1) 644. 9844 / 655.0400 |
|
FAX NUMBER |
(57-1) 724.5757 / 778.4288 |
|
E-MAIL |
gcaballero@filmtex.com |
|
WEB SITE |
www.filmtex.com |
|
E-MAIL |
resquibel@ocadmin.com |
|
COMMENTS OF IDENTIFICATION.- |
Check Digit (DV, by its
abbreviation in Spanish): 2 The supplied address: Carrera 73 No62D-81, Sur,
Bogota, is wrongly spelled (spacing form) and it is also incomplete. Please
note that the correct and complete spelling form of this address is as shown
in caption. |
Current Credit Limit: EUR 500,000.00
|
BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
OCHOA OLIVARI, GUILLERMO
ANDRES |
President/Legal Rep. |
|
|
CABALLERO LUNA, JAIME GABRIEL |
General Manager/Legal Rep. |
|
|
JARAMILLO GUERRA, GABRIEL
ENRIQUE |
Legal Representative 2nd
Substitute |
|
|
SORIANO ACEVEDO, MYRIAM
ASTRID |
Development Manager |
|
|
ORTIZ, MIGUEL |
Project Manager |
|
|
GALINDO A., DIANA MARCELA |
Commercial Manager |
|
|
ESQUIBEL, ROSSIO |
Treasury Manager |
|
|
SIERRA MELO, ESPERANZA |
Tax Inspector |
|
|
HERRERA CASTAÑEDA, CIRO
ROLANDO |
Alt.Tax Inspector |
|
|
ALAIS, DIEGO |
General Accountant |
|
|
FONTANA HOLDINGS LIMITED |
Majority Shareholder |
|
|
WHO IS WHO? |
|
OCHOA OLIVARI, GUILLERMO
ANDRES |
|
Colombian, ID, 0003228029, . |
|
CABALLERO LUNA, JAIME GABRIEL |
|
Colombian, ID, 00071788410, . |
|
FONTANA HOLDINGS LIMITED |
|
BRITISH VIRGIN ISLANDS, . |
No negative information found.
|
PAID-UP CAPITAL |
Ps$19,759,427,000.00
Colombian Pesos |
|
LAST CAPITAL INCREASE |
December 2013 |
|
NET WORTH |
Ps$88,572,037,000.00
Colombian Pesos (as of 31/12/2013) |
|
TYPE OF SHARES |
Registered stock |
|
SHARE VALUE |
Ps$10.00 Colombian Pesos |
|
PAYMENT HISTORY |
EP. A: PAYMENTS USUALLY
PROMPT |
|
% CREDIT SALES/TERMS |
100% (Terms at 60 days) |
|
TERRITORY OF SALES |
60% (Domestic market) |
|
% FOREIGN SALES |
40% |
|
% LOCAL PURCHASING |
70% |
|
% FOREIGN PURCHASING |
30% |
|
IMPORTS |
|
|
YEAR |
2014 (January - August) |
|
AMOUNT |
US$ 4,281,438.29 |
|
COUNTRIES |
USA, Germany, Mexico, Korea |
|
|
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 7,281,078.21 |
|
COUNTRIES |
Germany, USA, Switzerland,
Argentina, Mexico, China, Korea, Venezuela, Italy, France |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 5,099,541.43 |
|
COUNTRIES |
Argentina , Switzerland, USA,
Germany, Brazil, Mexico, Italy, Japan, Chile, France |
|
|
|
|
YEAR |
2011 |
|
AMOUNT |
US$ 9,236,804.69 |
|
COUNTRIES |
USA, Switzerland, Italy, Germany,
Mexico, China, Brazil, South Korea, Canada |
|
|
|
|
YEAR |
2010 |
|
AMOUNT |
US$ 7,098,989.77 |
|
COUNTRIES |
Germany, Switzerland, USA,
China, Mexico, South Korea, Italy, Israel, United Kingdom, Belgium |
|
EXPORTS |
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 21,466,293.66 |
|
COUNTRIES |
Bolivia, Chile, Ecuador,
Argentina, Peru, Spain. USA, Venezuela, Brazil, Mexico |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 20,642,603.17 |
|
COUNTRIES |
Ecuador, Chile, Argentina, USA,
Peru, Brazil, Costa Rica, Spain, Guatemala |
|
|
|
|
YEAR |
2011 |
|
AMOUNT |
US$ 13,215,628.88 |
|
COUNTRIES |
Ecuador, USA, Chile, Peru,
Argentina, Brazil, Costa Rica, Spain , Canada |
|
|
|
|
YEAR |
2010 |
|
AMOUNT |
US$ 12,441,828.71 |
|
COUNTRIES |
Chile, Peru, Argentina,
Brazil, Costa Rica, Spain |
|
PAYMENTS |
|
|
TRADE REFERENCES |
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$ 2,000,000,000.00 |
|
SUPPLIER FROM |
Since 30 years ago |
|
DEADLINES |
Invoice at 30 days |
|
PRODUCTS SOLD |
Cardboard, boxes and diverse
packages |
|
RATING |
PROMPT |
|
COMMENTS.- |
Settles with bank deposit |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$ 1,000,000.00 |
|
SUPPLIER FROM |
Since 1990 |
|
DEADLINES |
Invoices at 60 days |
|
PRODUCTS SOLD |
Chemical products |
|
RATING |
PROMPT |
|
COMMENTS.- |
Settles by wire transfer |
|
|
|
|
CREDIT FILES |
|
|
Other consulted suppliers did
not provide information about their clients as per confidentiality policies. |
|
|
LOCAL SUPPLIERS |
||
|
Name |
Contact |
Telephone |
|
ANHIDRIDOS Y DERIVADOS DE
COLOMBIA SA |
Victor Palacios Echeverri |
(57-4)470.0700 |
|
CARBOQUIMICA SA |
|
(57-1)775.5211 |
|
EMPRESA COLOMBIANA DE
MINERALES LTDA |
|
|
|
CABARRIA Y CIA SA |
|
|
|
CHEMTURA DE COLOMBIA LTDA |
|
(57-1)319.0100 |
|
COGNIS DE COLOMBIA SA |
|
|
|
BRENNTAG COLOMBIA SA |
|
(57-1)294.0420 |
|
CIBA ESPECIALIDADES QUIMICAS
SA |
|
(57-1)335.5000 |
|
CARTONES AMERICA SA |
Wilson Valencia |
(57-1)681.8888 |
|
ABASTECEDORA NACIONAL DE
ESTIBAS ANALDES LTDA |
|
|
|
ANGLO TRADING LTDA |
|
|
|
CLARIANT (COLOMBIA) SA |
|
(57-1)578.1200 |
|
FERRETERIA REINA SA |
|
|
|
FESA SA |
|
|
|
DHL EXPRESS COLOMBIA LTDA |
|
|
|
EDUARDO L GERLEIN Y CIA SA |
|
|
|
SEABOARD DE COLOMBIA SA |
|
|
|
GLOBAL SHIPPING AGENCIES SA |
|
|
|
MSC MEDITERRANEAN SHIPPING
COMPANY SA |
|
|
|
BYCSA SA |
|
|
|
FOREIGN SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
PERLEN CONVERTING AG |
|
|
SWITZERLAND |
|
BADGER PLUG COMPANY |
|
|
U.S.A. |
|
SHINTECH INC |
|
|
U.S.A. |
|
MITSUI PLASTICS INC |
|
|
U.S.A. |
|
E.I. DUPONT DE NEMOURS |
|
|
U.S.A. |
|
RENOLIT WERKE GMBH |
|
|
GERMANY |
|
BEMIS ASSOCIATES INC |
|
|
U.S.A. |
|
CHORI AMERICA CORPORATION |
|
|
U.S.A. |
|
PRINTEX CORPORATION |
|
|
U.S.A. |
|
HENKEL AG & CO |
|
|
CANADA |
|
LESTAR QUIMICA SA |
|
|
ARGENTINA |
|
TERPHANE LTD |
|
|
U.S.A. |
|
ROHM AND HAAS CHEMICALS LLC |
|
|
U.S.A. |
|
TNT MASCHINENBAU GMBH |
|
|
GERMANY |
|
NOVA CORP |
|
|
KOREA |
|
KANEKA TEXAS CORP |
|
|
U.S.A. |
|
COMERCIALIZADORA MILENIUM
PRODUCTS CHILE LTDA |
|
|
CHILE |
|
OMYA PERALTA GMBH |
|
|
GERMANY |
|
AHLSTROM OSNABRÜCK GMBH |
|
|
GERMANY |
|
EVERLITE KOREA CO.,LTD. |
|
|
ETHIOPIA |
|
COMMENTS RELATED COMPANIES |
|
The Subject belongs to
SANFORD Group, which also gathers the following companies: |
|
RELATED COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
BIOFILM SA |
8000489431 |
COLOMBIA |
|
CARBOQUIMICA SA |
860006853 |
COLOMBIA |
|
COLOMBIANA DE POLIPROPILENO
SA |
8000200989 |
COLOMBIA |
|
COMERCIALIZADORA
INTERNACIONAL COBRES DE COLOMBIA LTDA. |
8903005348 |
COLOMBIA |
|
FONTANA HOLDINGS LIMITED |
|
BRITISH VIRGIN ISLANDS |
|
IMAGE QUALITY OUTSOURCING SA |
8300393298 |
COLOMBIA |
|
INDUSTRIA DE MATERIALES
ELECTRICOS DE COLOMBIA SA |
8903046115 |
COLOMBIA |
|
INVERSIONES P.T.T. LTDA |
|
COLOMBIA |
|
MINIPAK SAS |
860048626-8 |
COLOMBIA |
|
OPCIONES ADMINISTRATIVAS LTDA |
|
COLOMBIA |
|
PETROQUIMICA COLOMBIANA SA |
8600072775 |
COLOMBIA |
|
PLASTIQUIMICA SA |
8909061196 |
COLOMBIA |
|
POLIPROPILENO DEL CARIBE SA |
800059470-5 |
COLOMBIA |
|
PROYECTOS CORPORATIVOS E.U. |
|
COLOMBIA |
|
VISION PLASTICS LTDA |
|
COLOMBIA |
|
FINANCIAL INFORMATION |
|
CONTENT.- |
|
In recent interview with Ms.
Rossio Esquibel (Treasurer Manager), who only furnished general information concerning
Subject, except for financials as they were not available to be disclosed. We
mention that the name of the enquirer was revealed whenever it was required.
Therefore, this report has been also elaborated with the information provided
by outside sources. And in accordance with such information, we herein
include subject's General Balance Sheet ended as of 31/12/2013 and 31/12/2012
(12 months, respectively) in Colombian pesos, as follows. |
|
GENERAL BALANCE SHEET |
|||
|
Balance Date |
31/12/2013 |
31/12/2012 |
|
|
Currency |
Colombian Peso |
Colombian Peso |
|
|
Exchange Rate |
1,917.40 |
1,774.50 |
|
|
.Current Total |
47,018,610,000.00 |
54,253,125,000.00 |
-13.33 |
|
.Net Fixed |
88,005,017,000.00 |
88,140,144,000.00 |
-0.15 |
|
.Total Assets |
135,023,627,000.00 |
142,393,269,000.00 |
-5.18 |
|
.Total Current Liabilities |
35,329,598,000.00 |
46,034,545,000.00 |
-23.25 |
|
.Long Term Accounts |
11,121,992,000.00 |
14,495,888,000.00 |
-23.27 |
|
Total Liabilities |
46,451,590,000.00 |
60,530,433,000.00 |
-23.26 |
|
Total Equity |
88,572,037,000.00 |
81,862,836,000.00 |
8.20 |
|
Total Liabilities and Equity |
135,023,627,000.00 |
142,393,269,000.00 |
-5.18 |
|
PROFIT AND LOSS ACCOUNT |
|||
|
Balance Date |
31/12/2013 |
31/12/2012 |
|
|
Currency |
Colombian Peso |
Colombian Peso |
|
|
Exchange Rate |
1,917.40 |
1,774.50 |
|
|
Net Sales |
78,090,798,000.00 |
76,531,221,000.00 |
2.04 |
|
Gross Profit |
16,881,598,000.00 |
16,883,495,000.00 |
-0.01 |
|
.Operating Profit |
785,413,000.00 |
-280,799,000.00 |
-379.71 |
|
Net Income(Net Loss) |
-1,964,144,000.00 |
-1,210,216,000.00 |
62.30 |
|
RATIOS FINANCIAL |
|||
|
PERIOD |
2,013.00 |
2,012.00 |
0.00 |
|
.NET WORKING CAPITAL |
11,689,012,000.00 |
8,218,580,000.00 |
0.42 |
|
.LIQUIDITY RATIO |
1.33 |
1.18 |
0.13 |
|
.CONTENTS OF THE ACID TEST |
0.00 |
0.00 |
|
|
.INDEBTEDNESS |
2.91 |
2.35 |
0.24 |
|
.LIABILITIES, CAPITAL |
0.66 |
0.86 |
-0.23 |
|
.TOTAL ASSET TURNOVER |
0.58 |
0.54 |
0.07 |
|
.RETURN ON EQUITY |
0.00 |
0.21 |
-1.00 |
|
.NET RETURN ON SALES |
0.00 |
0.22 |
-1.00 |
|
|
|||
|
FINANCIAL COMMENTS.- |
|||
|
Subject is an industrial
company, which registers no detrimentals regarding its commercial operations.
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$85.83 billion (31 December 2013 est.) ·
International reserves: US$43.74 billion (31 December 2013 est.) · Inflation
rate : 2.2% (2013 est.) · GDP growth rate: 4.2% (2013 est.) · Annual GDP per
capita: US$11,100 (2013 est.) GDP - composition, by sector of origin:
agriculture: 6.6% industry: 37.8% services: 55.6% (2013 est.) · Labour force
of 23.08 million people (2013 est.) divided by: agriculture: 17% industry:
21% services: 62% Unemployment rate: 9.7% (2013 est.) Productive sectors:
Agriculture - products: coffee, cut flowers, bananas, rice, tobacco, corn,
sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products
Industries: textiles, food processing, oil, clothing and footwear, beverages,
chemicals, cement; gold, coal, emeralds Foreign trade: Exports: $58.7 billion
(2013 est.) country comparison to the world: 56 $59.85 billion (2012 est.)
Exports - commodities: petroleum, coal, emeralds, coffee, nickel, cut
flowers, bananas, apparel Exports - partners: US 36.6%, China 5.5%, Spain
4.8%, Panama 4.7%, Venezuela 4.4%, Netherlands 4.1% Imports: $53.5 billion
(2013 est.) country comparison to the world: 54 $54.64 billion (2012 est.)
Imports - commodities: industrial equipment, transportation equipment,
consumer goods, chemicals, paper products, fuels, electricity Imports -
partners: US 24.2%, China 16.3%, Mexico 10.9%, Brazil 4.8% Country risks:
Commercial Country Risk: MEDIUM Political Country Risk: LOW |
|||
|
DETAILS OF FIXED ASSETS.- |
|||
|
The Subject reports a plant,
facilities, vehicles, machinery and equipment, office furniture and fittings,
and tools among other fixed assets, all valued at Ps$57,179,651,000.00 |
|||
|
INSURANCE.- |
|||
|
Subject holds an insurance
policy against all risk with ASEGURADORA COLSEGUROS SA and with SURAMERICANA
DE SEGUROS SA, valid until 31/12/2014. No coverage amount was disclosed. |
|||
|
RATE OF EXCHANGE |
US$1.00 = Ps$1,982.00, as of
report date |
|
LEGAL ASPECTS |
|
|
LEGAL STATUS |
Simplified Joint Stock
Company |
|
INCORPORATION DATE |
27/09/1976 |
|
REGISTERED IN |
Bogota |
|
DURATION |
01/07/2050 |
|
NOTARY OFFICE |
4th Notary Office |
|
REGISTRATION |
Deed No.5084, Certificate
No.0081000 |
|
LISTED AT STOCK EXCHANGE |
NO |
|
BACKGROUND (HISTORY).- |
|
|
It was originally
incorporated as a Limited Liability Partnership with company name FILTEX
LTDA. By Public Deed No 3270, dated 23/12/1977, it changed its legal status
to become a Private Stock Company, with company name FILMTEX SA. Subsequently
it changed its legal status from Stock Company (SA) to Simplified Joint Stock
Company (SAS), changing as well its company name to FILMTEX SAS. By Public
Deed No 2684, dated 11/09/1998, before 32nd Notary Office of Bogota, , it was
adjudged the merger of the subject company (surviving company) with
PRODUCTORA Y DISTRIBUIDORA EL MUNDO LTDA. The subject took over the
operations of SINTETICOS SA (Related company), which is in liquidation since
December 2005. |
|
|
COMMENTS ON LEGAL ASPECTS .- |
|
|
The DV is a digit added to
the taxpayer registration number - RUC granted for the purpose of detecting
errors and its possible corrections. This number is for national use only, and
shall not affect foreign trade operations. |
|
|
OPERATIONS |
|
|
SECTOR |
1.-INDUSTRY |
|
ACTIVITY |
PLASTICS |
|
ISIC CATEGORY |
D-MANUFACTURING INDUSTRIES
(ELABORATION, MANUFACTURING, PRODUCTION, PUBLISHING, CASTING, CONSTRUCTION) |
|
ISIC CLASS |
2520-Manufacturing: Plastic
Products |
|
MAIN ACTIVITY |
Subject is engaged in the
manufacture, transformation, processing, acquisition, importation,
distribution and commercialization of thermoplastic films, PVC films and
plastic products in general. Industrial Products Department: rigid or
flexible sheets for packaging, bookbinding processes of office supplies,
making inflatable furniture veneer, fiberglass sheets coated and panels for
roof foils, among others. Graphic Arts Department: rigid or flexible sheets
with matte or gloss finishing suitable for subsequent screen printing, offset
and flexographic systems for production of posters, cards, keychains, banking
cards, stickers, and so on. Visual Communication Department: Flexible sheets
with or without interlining suitable for screen printing, ink-jet,
self-adhesive solvent base to be used in the development of advertising
elements such as billboards, neon signs, banners, among others.. Engineering
Department: rigid or flexible sheets for thermal insulating and
waterproofing, |
|
N. OF EMPLOYEES |
180 approximately |
|
LOCATION |
|
ADMINISTRATIVE OFFICE and
PLANT: Located at heading address. Properly equipped premises kept in good repair.
ANOTHER OFFICE: - Carrera 19 No 92-65 Bogota. Phone: (57-1) 655.0400 (Owned
premises). |
|
COMMENTS OF OPERATIONS.- |
|
Sold products: resins, PVC,
plasticizers, stabilizers. Clients: - VR DISTRIBUTING INC. (USA) - MILLENIUM
PRODUCTS OF AMERICA INC (USA) - LABORATORIOS PORTUGAL S R L (Peru) The
subject has direct representatives in Ecuador, Chile, Argentina, Venezuela,
Costa Rica, Guatemala and USA. |
|
BANKERS / REFERENCE |
||||
|
Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
|
CITIBANK COLOMBIA SA |
|
|
|
COLOMBIA |
|
BANCOLOMBIA |
12609718597 |
|
|
COLOMBIA |
|
BANCO DE OCCIDENTE |
2420062081 |
|
|
COLOMBIA |
|
BANCO DE BOGOTA |
89026728 |
|
|
COLOMBIA |
|
BANK COMENTS |
||||
|
The above banks consulted did
not provide references by preserving confidentiality of bank-client
information. |
||||
|
COMMENT: Subject is an
industrial company with 37 years in business which operations seem to have been
conducted normally. Besides, it reports good trade references and no
detrimental. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.78.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
-- |
|
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.