MIRA INFORM REPORT

 

 

Report No. :

354846

Report Date :

18.12.2015

 

IDENTIFICATION DETAILS

 

Name :

IRON & COPPER COMPANY SAS

 

 

Registered Office :

Calle 10 34-11, Oficina 4001 Medellín, Antioquia

 

 

Country :

Colombia

 

 

Date of Incorporation :

01.01.2014

 

 

Com. Reg. No.:

900713454-5

 

 

Legal Form :

Sociedad Anonima Simplificada

 

 

Line of Business :

Support Activities for Other Mining and Quarrying

 

 

No. of Employees :

8

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

 

 

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 – 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

 

 

Company Summary

                                                                

Business  Name

IRON & COPPER

Country

COLOMBIA

Company  Registration  Number

900713454-5

Main  Activity  Code

0990

Main  Activity  Description

Support  activities  for  other  mining  and  quarrying

Company  Status

(Active)

Latest  Turnover  Figure

-

Latest  Shareholder  Equity  Figure

-

                                                                

 

Basic Information

                                                                

Business  Name

IRON & COPPER

Registered  Company  Name

IRON  &  COPPER  COMPANY  SAS

Company  Registration  Number

900713454-5

Country

COLOMBIA

VAT  Registration  Number

 

VAT  Registration  Date

 

Date  of  Company  Registration

2014-03-18

Date  of  Starting  Operations

2014-01-01

Commercial  Court

 

Legal  Form

Sociedad  Anonima  Simplificada

Type  of  Ownership

 

Company  Status

(Active)

Principal  Activity  Code

 

Principal  Activity  Description

 

Contact  Telephone  Number

N.A.

 

 

Main Address

                                                                                                 

Address

 

Country

Telephone

Calle 10 34-11, Oficina 4001 Medellín, Antioquia

COLOMBIA

N.A.

 

 

Other Address

 

Address

 

Country

Telephone

No other  addresses  for  this  company.

 

 

Previous Address

 

Address

 

Country

No previous  addresses  for  this  company.

 

 

Activities

 

Activity  Code

Activity  Description

0990

Support  activities  for  other  mining  and  quarrying

 

 

Email Addresses

 

No email  for  this  company.

 

 

Web Pages

 

No web pages for this company.

 

 

Employee Information

 

Date  Reported

Number  of  Employees

 

2015

8

 

 

Banker Information

 

Banker  Name

Banker  Address

Phone  Number

 

Bancolombia

 

 

 

 

Advisors Information

 

Auditor  Name

Solicitor  Name

No  advisor  information  for  this  company.

 

 

Miscellaneous  Information 

 

Fax  Number

N.A.

Export  Countries

 

Import  Countries

 

Additional  Business  Information

The  company  was  incorporated  in  Colombia  in  2014.

Additional Information

The  company is in  Good  Standing.  This  means  that  all  local  and federal  taxes  were  paid  on  due  date.

Additional  Payment  Information

 

Additional  Financial  Information

As  a  private  company  the  subject  does  not  publish  any  financial  statements.  We  could  not  find  any  contact data  to  request  financial  data.  Comments  on  the  financial  data:  It  was  not  possible  to  obtain  financial  data for  this  subject.

Number  of  Employees  at  Address

8

Number  of  Employees  at  Group

 

Number  of  Employees  at  Factory

 

 

 

Additional Miscellaneous Information

 

Banks  (Comments)

This  information  was  not  verified  by  the  company.

Principal  Activity

Extraction  and  sale  of  minerals  and  metals

Clients

Professionals  of  industry

Suppliers

It  was  not  possible  to  obtain  the  name  of  any  suppliers  for  this  subject.

Operations  area

National,  Local

Trade  References

It  was  not  possible  to  obtain  trade  references  for  this  subject.

Comments  on  location

This  information  was  not  verified  by  the  company.  We  have  found   indicating  the  company  used  to

 

have  an  office  in  Santa  Marta,  although  this  could  not  be  verified.

Branches

We  could  not  locate  any  company  branches

Listed  at  the  stock  exchange

NO

Shareholders  Parent  Company(ies)

This  is  a  private  company.  Johan  Andrés  Gallego  Yarce  and  Jhon 

Alexander  Sanjuán  Astaiza  would  be among  the  company's  main  shareholders, but  this  could  not  be  verified.

Final  Opinion

This  is  a  small  Colombian  company  that  was  incorporated  in  2014.  The  company  would  be  involved  in  the extraction  and  sale  of  minerals  and  metals.  The  company  has  no  web  presence,  so  it  must  rely  on traditional  means  of  marketing  to  expand  its  client  base.  Because  of  this,  gaining  new  clients  would  be  a slow  process.  We  found  no  legal  filings  involving  the  company.  Because  we  could  not  find  any  contact information  for  this  subject  to  verify  the  information  we  found  we  would  suggest  requesting  guarantees before  a  credit  line  is  considered.

 

 

 

Financial Information

 

No financial  information  for  this  company.

 

 

Current Directors

 

Name

Gender

Address

Date  of

Birth

Position

Johan  Andrés  Gallego Yarce

Unknown

 

 

Legal  representative

Jhon  Alexander  Sanjuán Astaiza

Unknown

 

 

Legal  representative

 

 

Previous Directors

 

Name

Gender

Address

Date  of  Birth

Position

Resignation  Date

 

No  previous  directors  for  this  company.

 

 

Share Capital Structure

 

No  share  capital  information  for  this  company

 

 

Group Structure

 

No  group  structure  information  for  this  company

 

 

Negative Information

 

The  sources  consulted  record  no  detrimental  legal  or  labor  court  information.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.65

UK Pound

1

Rs.99.61

Euro

1

Rs.72.33

COP

1

Rs.0.020

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

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%)

 

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.