MIRA INFORM REPORT

 

 

Report Date :

23.09.2014

 

IDENTIFICATION DETAILS

 

Name :

CARIAS CHINCHILLA, RONY

 

 

Trading Name :

MULTISERVICIOS GLOBALES

 

 

Registered Office :

13 Calle A 17-37 Zona 18

 

 

Country :

Guatemala

 

 

Date of Incorporation :

12.10.2005

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

5131-Wholesale of Textile Products: Fabrics, Clothes, Shoes

Import, commercialization of textile products

 

 

No. of Employees :

2

 

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 :

Undetermined  

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

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

IDENTIFICATION

COMPANY NAME

CARIAS CHINCHILLA, RONY

TRADE NAME

MULTISERVICIOS GLOBALES

TAX ID TYPE

NIT

TAX ID NUMBER

14838788

CURRENT STATUS

Active

MAIN ADDRESS

13 Calle A 17-37 Zona 18

CITY/PROVINCE/STATE

Guatemala

PHONE NUMBER(S)

(502) 5312.8583

E-MAIL

gerenciamg.rc@gmail.com

COMMENTS OF IDENTIFICATION.-

No website was found. This report was requested as: MULTISERVICIOS GLOBALES and with address: 13 CALLE A 17-37 ZONA 18 GUATEMALA. Please be advised that the correct data are as shown above.

 

 

DIRECTORS/MANAGEMENT

 

BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS

NAME

JOB TITLE

% STAKE

CARIAS CHINCHILLA, RONY

Owner/General Manager

 

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

N/a

 

 

PAYMENT INFORMATION

 

PAYMENT HISTORY

WITHOUT CREDIT EXPERIENCE

 

 

% CASH SALES/PAYMENT METHOD

60%

% CREDIT SALES/TERMS

40% (terms at 15, 30 days)

TERRITORY OF SALES

100% (Domestic market)

 

COMMENTS OF OPERATIONS.-

Imports are made from USA.

 

FOREIGN SUPPLIERS

Name

Contact

Telephone/fax

Country

NINGBO BASE GREAT TEXTILE CO. LTD.

 

 

CHINA

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

FINANCIAL INFORMATION

CONTENT.-

We had an interview with Mr. Rony Carias (Owner/General Manager) who furnished general data on the company except for the financial figures on the grounds of confidentiality. Hence the data herein have been complemented through outside sources. It is worth mentioning that no financials are available through outside sources. The subject is registered at the Hiring and Purchasing System of the State of Guatemala, having the following clients: Ministry of Public Health Ministry of Communications, Infrastructure and Housing International Organization for Migrations 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.-

Possible consulted insurance companies reported not having subject as client.

CREDIT FILES

Possible consulted local suppliers do not disclose any commercial data on their clients. The consulted supplier just confirmed subject as client, without disclosing further details.

 

 

FOREIGN EXCHANGE RATES

 

RATE OF EXCHANGE

US$1.00 = Q.7.72 as of report date

 

 

ADDITIONAL INFORMATION

 

LEGAL ASPECTS

LEGAL STATUS

Sole Proprietorship

INCORPORATION DATE

12/10/2005

REGISTERED IN

Guatemala

DURATION

Unlimited

REGISTRATION

Deed No. 92

LISTED AT STOCK EXCHANGE

NO

COMMENTS ON LEGAL ASPECTS .-

It is worth mentioning that the subject is a sole proprietorship. Thus it is not registered at Public Registry.

 

OPERATIONS

SECTOR

2.-TRADE (WHOLESALE)

ACTIVITY

TEXTILES/ FABRICS

ISIC CATEGORY

G-WHOLESALE AND/OR RETAIL SALE

ISIC CLASS

5131-Wholesale of Textile Products: Fabrics, Clothes, Shoes

MAIN ACTIVITY

Import, commercialization of textile products.

N. OF EMPLOYEES

2 observed

 

LOCATION

ADMINISTRATION OFFICES: At heading address, in a business zone of the city of easy access. In good repair. No branches were reported.

 

BANKERS / REFERENCE

Bank Name

Account Number

Account Officer

Telephone

Country

BANCO DE AMERICA CENTRAL SA

 

 

 

GUATEMALA

BANK COMENTS

The consulted bank does not disclose any data on clients as per bank secrecy.

 

 

NOTES & COMMENTS

 

COMMENTS: In absence of financial figures, trade and bank references, we can not determine its position. We recommend guarantees be used for any credit dealings.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.78

UK Pound

1

Rs.99.29

Euro

1

Rs.78.16

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.