|
Report No. : |
333905 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
COLOMBIANA DE CUEROS SA
COMERCIALIZADORA INTERNACIONAL |
|
|
|
|
Registered Office : |
Cr. 43A # 14-109 Of. 213 Edificio Novatempo, Medellin Antioquia |
|
|
|
|
Country : |
Colombia |
|
|
|
|
Date of Incorporation : |
18.09.1998 |
|
|
|
|
Legal Form : |
Sociedad Anonima |
|
|
|
|
Line of Business : |
Manufacture and Sale of Leather Products. |
|
|
|
|
No. of Employees : |
25 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Colombia |
A2 |
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 four years, continuing almost a decade of strong economic
performance. All three major ratings agencies have upgraded Colombia's
government debt to investment grade, which helped to attract record levels of
investment in 2013 and 2014, mostly in the hydrocarbons sector. 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, inequality, poverty, narco-trafficking and an
uncertain security situation. Moreover, the unemployment rate of 9.2% in 2014
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. In 2014, Colombia passed a tax reform bill to
offset the lost revenue from the global drop in oil prices. The SANTOS
administration is also using tax reform to help finance implementation of a
peace deal, in the event FARC and the government reach an agreement in 2015.
Colombian officials estimate a peace deal may bolster economic growth by almost
2%.
|
Source
: CIA |
|
IDENTIFICATION |
|||
|
Ordered as: |
COLCUEROS SA |
||
|
Address in the order: |
NIT 811.015.541-0,
EDIFICIO NOVATEMPO OFICINA 213, MEDELLIN - COLOMBIA |
||
|
|
|
||
|
Legal Name: |
COLOMBIANA DE
CUEROS SA COMERCIALIZADORA INTERNACIONAL |
||
|
Trade Name: |
COLCUEROS SA |
||
|
Legal Address |
Cr. 43A # 14-109 Of. 213 Edificio Novatempo |
||
|
Postal Town |
Medellin |
||
|
Post Code |
N.A. |
||
|
Primary Geographic Area |
Antioquia |
||
|
Country |
CO |
||
|
Operative Address |
Calle 60a Sur #73-1
a 73-77 Bogota,
Cundinamarca |
||
|
Telephone: |
+57 1 776 0400 |
NIT : |
811015541 |
|
Fax: |
+57 1 775 9378 |
Legal Form: |
Sociedad Anonima |
|
Email: |
info@colcueros.com |
Registered in: |
CO |
|
Website: |
http://www.colcueros.com/ |
Date Created: |
1998 |
|
MANAGERS: |
Manuel Ignacio
Uribe Lopez, Manager |
Date Incorporated: |
September 18th, 1998 |
|
Staff: |
25 |
Stock: |
N.A. |
|
|
|
Value: |
N.A. |
|
Activity: |
Manufacture and sale of leather products |
||
|
Management: |
|
|
|
Manuel Ignacio
Uribe Lopez, General Manager Juan Carlos Uribe
Lopez, Legal representative Sonia Gonzalez,
Comptroller Cesar Augusto
Arenas Salazar, Accountant |
|
Legal Filings |
|
The sources consulted record no detrimental
legal or labor court information. |
|
Public |
NO |
|
Shareholders Parent Company(ies): |
|
This is a private company. The company's main
shareholder appears to be Manuel Ignacio Uribe Lopez. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of industry such as: Zhejiang Tongtianxing Group, Joint Stock
Co, Ltd (China) DBS Bank Li (China) |
|
Suppliers: |
|
|
|
Eurochemical
Industries Inc G6 Manufacturas De
Cueros Beltman Ltda (Mexico) |
|
The company imports from Latin America |
|
|
The company exports to Worldwide, depending
on the demand |
|
|
Trade References: |
|
|
|
It was not possible to obtain trade
references for this subject. |
|
PAYMENTS |
|
|
|
Regular |
|
DEBT COLLECTIONS AND PAYMENTS |
|
|
Payments |
REGULAR |
N/A
|
FINANCIALS - COMMERCIAL TRENDS AND FORECAST |
|
As a private company the subject does not
publish any financial statements. |
|
We have contacted a male
representative who refused to provide us any financial data without knowing
the name of the inquiring party. |
|
However our financial sources could provide
us with the following data. Those figures are estimates provided by
confidential banking and financial institutions working with the company. |
|
Currency |
DATE |
|
COP |
2014 |
|
Turnover |
78 497 707 000 |
|
Operating Income |
1 202 154 000 |
|
Net Income |
1 418 286 000 |
|
Current Assets |
30 222 357 000 |
|
Non-Current Assets |
11 888 440 000 |
|
Net worth |
13 899 100 000 |
|
Liabilities |
28 211 697 000 |
|
The cash flow is |
Normal |
|
Comments on the financial data: Please find
attached a copy of the FS of the company. We have transcribed the main
figures for a better understanding. |
|
FINANCIAL SUMMARY |
|
|
Profitability |
LOW |
|
Indebtedness |
LOW |
|
Cash |
CORRECT |
|
Income Statement 2014 |
(all numbers in thousands of COP) |
|
NIT |
RAZON SOCIAL |
41 INGRESOS OPERACIONALES |
61 MENOS COSTO DE VENTAS Y DE PRESTACION DE
SERVICIOS |
|
811015541 |
COLOMBIANA DE CUEROS S.A. COMERCIALIZADORA
INTERNACIONAL |
78497707 |
64700929 |
|
UTILIDAD BRUTA |
51 MENOS GASTOS OPERACIONALES DE
ADMINISTRACION |
52 MENOS GASTOS OPERACIONALES DE VENTAS |
UTILIDAD OPERACIONAL |
|
13796778 |
3408575 |
9186049 |
1202154 |
|
42 MAS INGRESOS NO OPERACIONALES |
53 MENOS GASTOS NO OPERACIONALES |
UTILIDAD ANTES DE IMPUESTOS |
47 AJUSTES POR INFLACION |
54 MENOS IMPUESTO DE RENTA Y
COMPLEMENTARIOS |
59 GANANCIAS Y PERDIDAS |
|
3204463 |
2325411 |
2081206 |
|
662920 |
1418286 |
|
Balance Sheet 2014 |
(all numbers in thousands of COP) |
|
NIT |
RAZON SOCIAL |
CIIU V4a.C |
DESCRIPCION CIIU |
SECTOR |
DEPARTAMENTO |
|
811015541 |
COLOMBIANA DE CUEROS S.A. COMERCIALIZADORA
INTERNACIONAL |
C1511 |
Curtido y recurtido de cueros; recurtido y teñido
de pieles |
CUERO, CALZADO Y PRODUCTOS RELACIONADOS |
ANTIOQUIA |
|
1105 CAJA |
1110 BANCOS |
1115 REMESAS EN TRANSITO |
1120 CUENTAS DE AHORRO |
1125 FONDOS |
11 SUBTOTAL DISPONIBLE |
|
4500 |
665796 |
|
|
|
670296 |
|
12 INVERSIONES |
1305 CLIENTES |
1310 CUENTAS CORRIENTES COMERCIALES CP |
1315 CUENTAS POR COBRAR A CASA MATRIZ CP |
1320 CUENTAS POR COBRAR A VINCULADOS
ECONOMICOS CP |
1323 CUENTAS POR COBRAR A DIRECTORES CP |
|
10056082 |
6184280 |
0 |
0 |
0 |
0 |
|
1325 CUENTAS POR COBRAR A SOCIOS Y
ACCIONISTAS CP |
1328 APORTES POR COBRAR CP |
1330 ANTICIPOS Y AVANCES CP |
1332 CUENTAS DE OPERACION CONJUNTA CP |
1335 DEPOSITOS CP |
1340 PROMESAS DE COMPRAVENTA CP |
|
2860872 |
0 |
651679 |
0 |
0 |
0 |
|
1345 INGRESOS POR COBRAR CP |
1350 RETENCION SOBRE CONTRATOS CP |
1355 ANTICIPO DE IMPTOS Y CONTRIB O SALDOS
A FAVOR CP |
1360 RECLAMACIONES CP |
1365 CUENTAS POR COBRAR A TRABAJADORES CP |
1370 PRESTAMOS A PARTICULARES CP |
|
0 |
0 |
3675613 |
0 |
4407 |
0 |
|
1380 DEUDORES VARIOS CP |
1385 DERECHOS DE RECOMP DE CART NEGOCIADA
CP |
1390 DEUDAS DE DIFICIL COBRO CP |
1399 PROVISIONES CP |
13 SUBTOTAL DEUDORES CP |
1405 MATERIAS PRIMAS |
|
45927 |
0 |
0 |
0 |
13422778 |
|
|
1410 PRODUCTOS EN PROCESO |
1415 OBRAS DE CONSTRUC EN CURSO |
1417 OBRAS DE URBANISMO |
1420 CONTRATOS EN EJECUCION CP |
1425 CULTIVOS EN DESARROLLO CP |
1428 PLANTACIONES AGRICOLAS CP |
|
|
0 |
0 |
|
|
|
|
1430 PRODUCTOS TERMINADOS |
1435 MERCANCIAS NO FABRICADAS POR LA EMPRESA |
1440 BIENES RAICES PARA LA VENTA |
1445 SEMOVIENTES CP |
1450 TERRENOS |
1455 MATERIALES REPUESTOS Y ACCESORIOS CP |
|
2369843 |
3350047 |
0 |
|
0 |
329373 |
|
1460 ENVASES Y EMPAQUES CP |
1465 INVENTARIOS EN TRANSITO CP |
1499 PROVISIONES CP |
14 SUBTOTAL INVENTARIOS CP |
1705 GASTOS PAGADOS POR ANTICIPADO CP |
1710 CARGOS DIFERIDOS CP |
|
|
|
|
6049263 |
23938 |
|
|
1715 COSTOS DE EXPLORACION POR AMORTIZAR CP
|
1720 COSTOS DE EXPLOTACION Y DESARROLLO CP |
1730 CARGOS POR CORRECCION MONETARIA
DIFERIDA CP |
1798 AMORTIZACION ACUMULADA CP |
17 SUBTOTAL DIFERIDO CP |
TOTAL ACTIVO CORRIENTE |
|
|
|
|
|
23938 |
30222357 |
|
12 INVERSIONES |
1305 CLIENTES |
1310 CUENTAS CORRIENTES COMERCIALES |
1315 CUENTAS POR COBRAR A CASA MATRIZ |
1320 CUENTAS POR COBRAR A VINCULADOS ECONOM |
1323 CUENTAS POR COBRAR A DIRECTORES |
|
0 |
0 |
0 |
0 |
0 |
0 |
|
1325 CUENTAS POR COBRAR A SOCIOS Y
ACCIONISTAS |
1330 ANTICIPOS Y AVANCES |
1332 CUENTAS DE OPERACION CONJUNTA |
1335 DEPOSITOS |
1340 PROMESAS DE COMPRAVENTA |
1345 INGRESOS POR COBRAR |
|
0 |
0 |
0 |
0 |
0 |
0 |
|
1350 RETENCION SOBRE CONTRATOS |
1355 ANTICIPO DE IMPTOS Y CONTRIB O SALDOS
A FAVOR |
1360 RECLAMACIONES |
1365 CUENTAS POR COBRAR A TRABAJADORES |
1370 PRESTAMOS A PARTICULARES |
1380 DEUDORES VARIOS |
|
0 |
0 |
0 |
0 |
0 |
669524 |
|
1385 DERECHOS DE RECOMP DE CART NEGOCIADA |
1390 DEUDAS DE DIFICIL COBRO |
1399 PROVISIONES |
13 SUBTOTAL DEUDORES A LARGO PLAZO |
15 PROPIEDADES PLANTA Y EQUIPO |
1605 CREDITO MERCANTIL |
|
0 |
0 |
0 |
669524 |
2857241 |
|
|
1610 MARCAS |
1615 PATENTES |
1620 CONCESIONES Y FRANQUICIAS |
1625 DERECHOS |
1630 KNOW HOW |
1635 LICENCIAS |
|
|
|
|
|
|
21103 |
|
1698 AMORTIZACION ACUMULADA |
1699 PROVISIONES |
16 SUBTOTAL INTANGIBLES |
1705 GASTOS PAGADOS POR ANTICIPADO |
1710 CARGOS DIFERIDOS |
1715 COSTOS DE EXPLORACION POR AMORTIZAR |
|
|
|
21103 |
|
|
|
|
1720 COSTOS DE EXPLOTACION Y DESARROLLO |
1730 CARGOS POR CORRECCION MONETARIA
DIFERIDA |
1798 AMORTIZACION ACUMULADA |
17 SUBTOTAL DIFERIDOS |
1805 BIENES DE ARTE Y CULTURA |
1895 DIVERSOS |
|
|
|
|
0 |
|
|
|
1899 PROVISIONES |
18 SUBTOTAL OTROS ACTIVOS |
1905 DE INVERSIONES |
1910 DE PROPIEDADES PLANTA Y EQUIPO |
1995 DE OTROS ACTIVOS |
19 SUBTOTAL VALORIZACIONES |
|
|
0 |
2234466 |
6106106 |
|
8340572 |
|
TOTAL ACTIVO NO CORRIENTE |
TOTAL ACTIVO |
21 OBLIGACIONES FINANCIERAS CP |
22 PROVEEDORES CP |
2305 CUENTAS CORRIENTES COMERCIALES CP |
2310 A CASA MATRIZ CP |
|
11888440 |
42110797 |
10300485 |
7537564 |
|
2310 A CASA MATRIZ CP |
|
2315 A COMPANNIAS VINCULADAS CP |
2320 A CONTRATISTAS CP |
2330 ORDENES DE COMPRA POR UTILIZAR CP |
2335 COSTOS Y GASTOS POR PAGAR CP |
2340 INSTALAMENTOS POR PAGAR CP |
2345 ACREEDORES OFICIALES CP |
|
|
|
|
2346345 |
|
|
|
2350 REGALIAS POR PAGAR CP |
2355 DEUDAS CON ACCIONISTAS O SOCIOS CP |
2357 DEUDAS CON DIRECTORES CP |
2360 DIVIDENDOS O PARTICIPACIONES POR PAGAR
CP |
2365 RETENCION EN LA FUENTE CP |
2367 IMPUESTO A LAS VENTAS RETENIDO CP |
|
|
|
|
|
88823 |
113761 |
|
2368 IMPUESTO DE INDUSTRIA Y COMERCIO
RETENIDO CP |
2370 RETENCIONES Y APORTES DE NOMINA CP |
2375 CUOTAS POR DEVOLVER |
2380 ACREEDORES CP |
23 SUBTOTAL CUENTAS POR PAGAR CP |
24 IMPUESTOS GRAVAMENES Y TASAS CP |
|
26813 |
|
|
610 |
2576352 |
155193 |
|
25 OBLIGACIONES LABORALES CP |
2605 PARA COSTOS Y GASTOS CP |
2610 PARA OBLIGACIONES LABORALES CP |
2615 PARA OBLIGACIONES FISCALES CP |
2620 PENSIONES DE JUBILACION CP |
2625 PARA OBRAS DE URBANISMO CP |
|
158223 |
125319 |
|
|
0 |
|
|
2630 PARA MANTENIMIENTO Y REPARACIONES CP |
2635 PARA CONTINGENCIAS CP |
2640 PARA OBLIGACIONES DE GARANTIAS CP |
2695 PROVISIONES DIVERSAS CP |
26 SUBTOTAL PASIVOS ESTIMAD Y PROVIS CP |
27 DIFERIDOS CP |
|
|
|
|
|
125319 |
270106 |
|
2805 ANTICIPOS Y AVANCES RECIBIDOS CP |
2810 DEPOSITOS RECIBIDOS CP |
2815 INGRESOS RECIBIDOS PARA TERCEROS CP |
2820 CUENTAS DE OPERACION CONJUNTA CP |
2825 RETENCIONES A TERCEROS SOBRE CONTRATOS |
2830 EMBARGOS JUDICIALES CP |
|
|
|
|
|
|
|
|
2835 ACREEDORES DEL SISTEMA CP |
2840 CUENTAS EN PARTICIPACION CP |
2895 DIVERSOS CP |
28 SUBTOTAL OTROS PASIVOS CP |
2905 BONOS EN CIRCULACION CP |
2910 BONOS OBLIGATOR CONVERTIBLES EN
ACCIONES CP |
|
|
|
|
0 |
|
|
|
2915 PAPELES COMERCIALES CP |
2920 BONOS PENSIONALES CP |
2925 TITULOS PENSIONALES CP |
29 SUBTOTAL BONOS Y PAPELES COMERCIA CP |
TOTAL PASIVO CORRIENTE |
21 OBLIGACIONES FINANCIERAS |
|
|
0 |
0 |
0 |
21123242 |
7088455 |
|
22 PROVEEDORES LP |
2305 CUENTAS CORRIENTES COMERCIALES |
2310 A CASA MATRIZ |
2315 A COMPANNIAS VINCULADAS |
2320 A CONTRATISTAS |
2335 COSTOS Y GASTOS POR PAGAR |
|
0 |
|
|
|
|
|
|
2345 ACREEDORES OFICIALES |
2350 REGALIAS POR PAGAR |
2355 DEUDAS CON ACCIONISTAS O SOCIOS |
2357 DEUDAS CON DIRECTORES |
2360 DIVIDENDOS O PARTICIPACIONES POR PAGAR |
2375 CUOTAS POR DEVOLVER |
|
|
|
|
|
|
|
|
2380 ACREEDORES VARIOS |
23 SUBTOTAL CUENTAS POR PAGAR |
24 IMPUESTOS GRAVAMENES Y TASAS LP |
25 OBLIGACIONES LABORALES |
2605 PARA COSTOS Y GASTOS |
2610 PARA OBLIGACIONES LABORALES |
|
|
0 |
|
|
|
|
|
2615 PARA OBLIGACIONES FISCALES |
2620 PENSIONES DE JUBILACION LP |
2625 PARA OBRAS DE URBANISMO |
2635 PARA CONTINGENCIAS |
2640 PARA OBLIGACIONES DE GARANTIAS |
2695 PROVISIONES DIVERSAS |
|
|
0 |
|
|
|
|
|
26 SUBTOTAL PASIVOS ESTIMAD Y PROVIS |
2705 INGRESOS RECIBIDOS POR ANTICIPADO |
2710 ABONOS DIFERIDOS |
2715 UTILIDAD DIFERIDA EN VENTAS A PLAZOS |
2720 CREDITO POR CORRECCION MONETARIA
DIFERIDA |
2725 IMPUESTOS DIFERIDOS |
|
0 |
|
|
|
|
|
|
27 SUBTOTAL DIFERIDOS |
2805 AVANCES Y ANTICIPOS RECIBIDOS |
2810 DEPOSITOS RECIBIDOS |
2815 INGRESOS RECIBIDOS PARA TERCEROS |
2820 CUENTAS DE OPERACION CONJUNTA |
2825 RETENCIONES A TERCEROS SOBRE CONTRATOS |
|
0 |
|
|
|
|
|
|
2835 ACREEDORES DEL SISTEMA LP |
2840 CUENTAS EN PARTICIPACION |
2895 DIVERSOS |
28 SUBTOTAL OTROS PASIVOS |
2905 BONOS EN CIRCULACION |
2910 BONOS OBLIGATOR CONVERTIBLES EN
ACCIONES |
|
|
|
|
0 |
|
|
|
2915 PAPELES COMERCIALES |
2920 BONOS PENSIONALES LP |
2925 TITULOS PENSIONALES LP |
29 SUBTOTAL BONOS Y PAPELES COMERCIA |
TOTAL PASIVO NO CORRIENTE |
TOTAL PASIVO |
|
|
0 |
0 |
0 |
7088455 |
28211697 |
|
3105 CAPITAL SUSCRITO Y PAGADO |
3115 APORTES SOCIALES |
3120 CAPITAL ASIGNADO |
3125 INVERSION SUPLEMENTARIA AL CAPITAL
ASIGNADO |
3130 CAPITAL DE PERSONAS NATURALES |
3135 APORTES DEL ESTADO |
|
455000 |
|
|
|
|
|
|
3140 FONDO SOCIAL |
31 SUBTOTAL CAPITAL SOCIAL |
3205 PRIMA EN COLOC ACC CUOTAS O PARTES DE
INT SOCIAL |
3210 DONACIONES |
3215 CREDITO MERCANTIL |
3220 KNOW HOW |
|
|
455000 |
3153325 |
|
|
|
|
3225 SUPERAVIT METODO DE PARTICIPACION |
32 SUBTOTAL SUPERAVIT DE CAPITAL |
33 RESERVAS |
34 REVALORIZACION DEL PATRIMONIO |
35 DIVIDEN O PARTC DECRET EN ACC O CUOTAS |
36 RESULTADOS DEL EJERCICIO |
|
|
3153325 |
514642 |
17275 |
|
1418286 |
|
3705 UTILIDADES ACUMULADAS |
3710 PERDIDAS ACUMULADAS |
37 RESULTADOS DE EJERCICIOS ANTERIORES |
38 SUPERAVIT POR VALORIZACIONES |
TOTAL PATRIMONIO |
TOTAL PASIVO Y PATRIMONIO |
|
|
|
0 |
8340572 |
13899100 |
42110797 |
|
81 DERECHOS CONTINGENTES |
82 DEUDORAS FISCALES |
83 DEUDORAS DE CONTROL |
9 CUENTAS DE ORDEN ACREEDORAS POR CONTRA |
|
|
4996829 |
8074000 |
8467244 |
|
91 RESPONSABILIDADES CONTINGENTES |
92 ACREEDORAS FISCALES |
93 ACREEDORAS DE CONTROL |
8 CTAS DE ORDEN DEUDORAS POR CONTRA |
|
220883 |
172361 |
8074000 |
13070829 |
N/A
|
GEOPOLITICS - COLOMBIA |
|
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Republic |
Currency: 1.00 USD = 2,864.36 COP |
|
BANKS |
|
|
Name of the Bank |
Bancolombia |
|
Comments |
This information was not verified by the
company |
|
BUSINESS HISTORY |
|
|
|
The company was incorporated in Colombia in
1998. |
|
PRINCIPAL ACTIVITY |
|
Production and sale of leather products. The company is ISO 9001:2008 SGC and
14001:2004 SGA certified. |
|
Products/Services description: |
|
The company processes raw hides and
processes them. |
|
Operations area: |
|
National, International |
|
The subject employs 25 employee(s) |
|
|
Comments on staff: |
|
|
|
This information was not verified by the
company. |
|
LOCATION |
|
|
Headquarters |
|
|
|
Calle 60a Sur #73-1
a 73-77 Bogota,
Cundinamarca |
|
Comments on location: |
|
|
|
This information was not verified by the
company but was found in their website. |
|
Listed at the stock exchange: |
|
|
|
NO |
|
Final Opinion |
|
This is a small Colombian company that has
been incorporated in the country since 1998. The company imports products from abroad,
so its future prospects will be tied to the ease of bringing those products
into the country. The company also exports abroad, so it ca
have a larger market reach than its size would imply. We found no negative legal antecedents in
the local district court. |
|
APPENDIX |
|
|
Comments |
|
|
|
We spoke with a male representative who
stated he could not provide company information without first knowing the
name of the inquiring party. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.