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Report No. : |
336555 |
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Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
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Name : |
CORPORACION INTERPACK SA |
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Registered Office : |
12 Av. B 3-65, Z. 1, Res. El Cerrito, Guatemala City, 2307 |
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Country : |
Guatemala |
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Date of Incorporation : |
27.08.2013 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Provider of Packing Supplies, Equipment and Services. |
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No. of Employees : |
150 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limits : |
USD 150 000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
Guatemala |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 13.7% of
GDP and 32% of the labor force; key agricultural exports include sugar, coffee,
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. In November 2014 along with his counterparts from El
Salvador and Honduras, President PEREZ MOLINA announced the “Plan of the
Alliance for Prosperity in the Northern Triangle.” This plan seeks to address
the challenges facing the three Northern Triangle countries, including steps
the governments will take to stimulate economic growth, increase transparency
and fiscal responsibility, reduce violence, modernize the justice system,
improve infrastructure, and promote educational opportunities over the next
several years.
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Source
: CIA |
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IDENTIFICATION |
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Ordered as: |
Corporacion Interpack SA |
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Address in the order: |
12 Avenida B, 3-65
Zona 1 Residenciales El Cerrito Guatemala C A 01001,GUATEMALA |
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Comments on data supplied: |
Direccion correcta debajo |
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Legal Name: |
CORPORACION INTERPACK SA |
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Legal Address |
12 Av. B 3-65, Z.
1, Res. El Cerrito |
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Postal Town |
Guatemala City |
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Post Code |
2307 |
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Primary Geographic Area |
Guatemala |
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Country |
GT |
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Location Status |
Single Location, |
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Operative Address |
12 Av.
"B" 3 - 65 Z. 1, 01001 Res. El Cerrito Guatemala City, Guatemala, 2307 |
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Telephone: |
+502 2251 6863 / +502 2230 3976 |
NIT : |
84647906 |
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Fax: |
+502 2220 0379 |
Legal Form: |
Sociedad Anonima |
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Email: |
arturo@interpack.com.gt /
samuel@interpack.com.gt |
Registered in: |
GT |
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Website: |
http://www.interpack.com.gt |
Date Created: |
October 1990 |
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Manager: |
Arturo Casasola, General Manager |
Date Incorporated: |
August 27th, 2013 |
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Staff: |
150 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Provider of packing supplies, equipment and
services |
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Current
Credit Limit: USD 150 000
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Management: |
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Alexander Samuel Estrada
Hidalgo, Legal representative Arturo Casasola, General Manager |
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Legal Filings |
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The sources consulted record no detrimental
legal or labor court information. |
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Shareholders |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. It was not
possible to ascertain the identity of the company's main shareholder. |
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PAYMENTS |
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regular |
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DEBT COLLECTIONS AND PAYMENTS |
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Public |
NO |
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Payments |
REGULAR |
N/A
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FINANCIALS - COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not publish
any financial statements. |
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We spoke with a male representative who
refused to provide us any financial data without knowing the name of the
inquiring party. |
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Comments on the financial data: It was not possible
to obtain financial data for this subject. |
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FINANCIAL SUMMARY |
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Profitability |
N.A. |
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Indebtedness |
CONTROLLED |
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Cash |
NORMAL |
N/A
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GEOPOLITICS - GUATEMALA |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic Economic Risk: Low |
Currency: 1.00 USD = 7.64950 GTQ Branch Situation:Stable |
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BANKS |
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Name of the Bank |
Banco de Guatemala |
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Comments |
This information was not verified by the
company |
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BUSINESS HISTORY |
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The company was created in Guatemala in
October 1990 and was last incorporated in 2013. |
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PRINCIPAL ACTIVITY |
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Provider of packing services, equipment and
supplies |
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Products/Services description: |
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Packing equipment and supplies for cereals,
flour and related products, perfume and other cosmetic products,
pharmaceutical products, etc. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of industry such as: Colgate Palmolive,
Unilever de Centroamérica, Nestlé Among others |
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Suppliers: |
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Altopro S.A. de
C.V. (Spain) Toray Films Europe (France) |
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Operations area: |
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National, International |
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The company imports from Europe, USA,
Canada |
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Trade References: |
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It was not possible to obtain trade
references for this subject. |
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The subject employs 150 employee(s) |
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Comments on staff: |
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This information was not verified by the
company |
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LOCATION |
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Headquarters |
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12 Av.
"B" 3 - 65 Z. 1, 01001 Res. El Cerrito Guatemala City, Guatemala, 2307 |
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Comments on location: |
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This information was not verified by the
company but was found in their website. |
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Branches: |
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The company does not report any branches. |
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APPENDIX |
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Comments |
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We spoke with a male representative who
stated he could not provide us company information without first knowing the
name of the inquiring party. |
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Final Opinion |
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This is a medium sized company that has
been in operations since 1990. 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 works with international clients
and has several well-known multinational companies as its clients, so it can
have a larger market reach than its size would imply. We found no negative legal antecedents in
the local district court. A credit line may be considered for USD 150
000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.92 |
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|
1 |
Rs.101.44 |
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Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.