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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALUMAR LTDA |
|
|
|
|
Registered Office : |
Urbanización Videlso, Manzana 27, Lote 403, Los Patios, Cúcuta, Norte de Santander |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
28.04.1993 |
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|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Import and distribution of plastic items in general for
domestic use and hardware. |
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|
|
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No. of Employees : |
26 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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) |
|
Colombia |
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
ALUMAR LTDA |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
800193639-5 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Urbanización Videlso, Manzana 27, Lote 403, Los Patios |
|
CITY/PROVINCE/STATE |
Cúcuta, Norte de Santander |
|
PHONE NUMBER (S) |
(57-7) 580.5387/ 9758-02032 |
|
FAX NUMBER |
(57-7) 580.2034 |
|
E-MAIL |
atencion@alumaronline.com |
|
WEB SITE |
www.alumaronline.com |
|
PAYMENT HISTORY |
WITHOUT CREDIT EXPERIENCE |
|
COMMENTS OF IDENTIFICATION.- |
This report was requested with address: Urbanizacion
Videlso Manzana 27 Lote 403 Los Patios Norte De Santander. Please be advised
that the complete address is shown above. |
|
BOARD
OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
BUENO BERNAL, MARIA EUGENIA |
General Manager/1st Alt. Legal Representative |
|
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V. BERNAL, MARIA EUGENIA |
Legal Representative |
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RODRIGUEZ CONSUEGRA, NANCY AURORA |
2nd Alt. Legal Representative |
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PACHECO, IFELIA |
Foreign Trade Under Manager |
|
|
MENDOZA CONTRERAS, SONIA PATRICIA |
Accountant |
|
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COMMENTS ON LEGAL ASPECTS
.- |
|
Its Check Digit (DV) number is 5. The DV number is a digit
added to the Tax Id. (NIT), a key number to be used in the detection of
errors and its possible correction, granted by the Superintendence of
Companies. |
|
LEGAL
ASPECTS |
|
|
LEGAL STATUS |
Limited Liability Company |
|
INCORPORATION DATE |
28/04/1993 |
|
REGISTERED IN |
Bogota |
|
DURATION |
14/04/2033 |
|
REGISTRATION |
Registration No. 52670 |
|
|
|
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PAID-UP CAPITAL |
Ps$90,000.00 Colombian Pesos |
|
NET WORTH |
Ps$1,217,679,000.00 Colombian Pesos (as of 31/12/2013) |
|
% CASH SALES/PAYMENT METHOD |
50% |
|
FOREIGN
SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
TOKYO PLAST INTERNATIONAL LTD. |
|
|
|
|
COLECCION COLOMBIA C.A. |
|
|
VENEZUELA |
|
MAHMOOD SAED GLASS INDUSTRY COMPANY |
|
|
SAUDI ARABIA |
|
COMPANHIA INDUSTRIAL DE VIDROS CIV |
|
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BRAZIL |
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PRACTILINE |
|
|
PORTUGAL |
|
WHEATON BRASIL VIDROS LTDA |
|
|
BRAZIL |
|
TOTAL MERCHANDISING Y MARKETING SERVICES PTE LTD |
|
|
SINGAPORE |
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PICA PLASTICOS INDUSTRIALES CA |
|
|
ECUADOR |
N/a
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FINANCIAL
INFORMATION |
|
CONTENT.- |
|
We had an interview with Ms. Sonia Mendoza (Accountant)
who declined to provide information regarding the subject on grounds of
confidentiality. Therefore, this report was totally elaborated with
information obtained from outside sources. Through external sources, we
obtained the subject's Balance Sheets as of 31/12/2012 and 31/12/2013 (12
months each), expressed in Colombian Pesos, whose figures are 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 |
3,251,153,000.00 |
3,396,152,000.00 |
-4.27 |
|
.Net Fixed |
191,273,000.00 |
184,565,000.00 |
3.63 |
|
.Total Assets |
3,442,426,000.00 |
3,580,717,000.00 |
-3.86 |
|
.Total Current Liabilities |
1,333,144,000.00 |
1,531,312,000.00 |
-12.94 |
|
.Long Term Accounts |
891,603,000.00 |
1,066,318,000.00 |
-16.38 |
|
Total Liabilities |
2,224,747,000.00 |
2,597,630,000.00 |
-14.35 |
|
Total Equity |
1,217,679,000.00 |
983,087,000.00 |
23.86 |
|
Total Liabilities and Equity |
3,442,426,000.00 |
3,580,717,000.00 |
-3.86 |
|
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 |
5,330,911,000.00 |
5,834,238,000.00 |
-8.63 |
|
Net Income(Net Loss) |
234,590,000.00 |
225,292,000.00 |
4.13 |
|
RATIOS
FINANCIAL |
|||
|
PERIOD |
2,013.00 |
2,012.00 |
0.00 |
|
.NET WORKING CAPITAL |
1,918,009,000.00 |
1,864,840,000.00 |
0.03 |
|
.LIQUIDITY RATIO |
2.44 |
2.22 |
0.10 |
|
.CONTENTS OF THE ACID TEST |
0.00 |
0.00 |
|
|
.INDEBTEDNESS |
1.55 |
1.38 |
0.12 |
|
.LIABILITIES, CAPITAL |
0.00 |
0.00 |
|
|
.TOTAL ASSET TURNOVER |
1.55 |
1.63 |
-0.05 |
|
.RETURN ON EQUITY |
0.00 |
0.00 |
|
|
.NET RETURN ON SALES |
0.00 |
0.00 |
|
|
FINANCIAL
COMMENTS.- |
|
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 |
|
INSURANCE.- |
|
It holds an insurance policy with an unspecified insurance
carrier. (Neither coverage amount nor maturity date has been disclosed). |
|
CREDIT FILES |
|
Possible consulted local suppliers do not register the
subject as client, apparently its acquisitions are paid in cash and come from
abroad. |
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RATE OF EXCHANGE |
US$1.00 = Ps$1998.70 as of report date |
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OPERATIONS |
|
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SECTOR |
3.-TRADE ( WHOLESALE AND RETAIL) |
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ACTIVITY |
PLASTIC PRODUCTS |
|
ISIC CATEGORY |
WHOLESALE AND/OR RETAIL SALE |
|
MAIN ACTIVITY |
Import and distribution of plastic items in general for
domestic use and hardware. |
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% CREDIT SALES/TERMS |
50% (Invoices at 30 days) |
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TERRITORY OF SALES |
100% (Local market) |
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N. OF EMPLOYEES |
26 (approximately) |
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LOCATION |
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TAX ADDRESS, ADMINISTRATIVE OFFICE: Located at the above
address in an industrial zone of the city. Spacious premises of easy access. |
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COMMENTS OF OPERATIONS.- |
|
The subject operates 100% directly. It imports from China,
India, Saudi Arabia, Brazil, Portugal, Brazil, Singapore. |
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BANKERS
/ REFERENCE |
||||
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Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
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BANCOLOMBIA SA |
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COLOMBIA |
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BANCO DE BOGOTA SA |
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COLOMBIA |
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BANK COMENTS |
||||
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Consulted banks do not provide information on clients as
per bank secrecy. |
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LISTED AT STOCK EXCHANGE |
NO |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
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 |
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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.