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Report No. : |
330386 |
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Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
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Name : |
SOLUCIONES INTEGRALES DE IMPORTACION SA |
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Registered Office : |
50 MTS Al Norte De Ul Trapark II Bodega Lagunilla Bodega No 20 Lagunulla De Heredia, Costa Rica |
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Country : |
Costa
Rica |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Import and Distribution of Metals, Industrial Parts and Laboratory
Equipment. |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Costa Rica |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
COSTA RICA - ECONOMIC OVERVIEW
Prior to the global economic
crisis, Costa Rica enjoyed stable economic growth. The economy contracted 1.3%
in 2009 but resumed growth at about 4.5% per year in 2010-12. While the
traditional agricultural exports of bananas, coffee, sugar, and beef are still
the backbone of commodity export trade, a variety of industrial and specialized
agricultural products have broadened export trade in recent years. High
value-added goods and services, including microchips, have further bolstered
exports. Tourism continues to bring in foreign exchange, as Costa Rica's
impressive biodiversity makes it a key destination for ecotourism. Foreign
investors remain attracted by the country's political stability and relatively
high education levels, as well as the incentives offered in the free-trade
zones; and Costa Rica has attracted one of the highest levels of foreign direct
investment per capita in Latin America. However, many business impediments
remain, such as high levels of bureaucracy, legal uncertainty due to overlapping
and at times conflicting responsibilities between agencies, difficulty of
enforcing contracts, and weak investor protection. Poverty has remained around
20-25% for nearly 20 years, and the strong social safety net that had been put
into place by the government has eroded due to increased financial constraints
on government expenditures. Unlike the rest of Central America, Costa Rica is
not highly dependent on remittances as they only represent about 2% of GDP.
Immigration from Nicaragua has increasingly become a concern for the
government. The estimated 300,000-500,000 Nicaraguans in Costa Rica legally and
illegally are an important source of mostly unskilled labor but also place
heavy demands on the social welfare system. The US-Central American-Dominican
Republic Free Trade Agreement (CAFTA-DR) entered into force on 1 January 2009
after significant delays within the Costa Rican legislature. CAFTA-DR has
increased foreign direct investment in key sectors of the economy, including
the insurance and telecommunications sectors recently opened to private
investors. President CHINCHILLA was not able to gain legislative approval for
fiscal reform, her top priority, though she continued to pursue fiscal reform
in 2012. President CHINCHILLA and the PLN were successful in passing a tax on
corporations to fund an increase for security services.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
SOLUCIONES INTEGRALES DE IMPORTACION SA |
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Trade Name: |
SISA |
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RUT: |
3-101-338409 |
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Date Created: |
2003 |
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Date Incorporated: |
2003 |
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Legal Address: |
50 MTS Al Norte De Ul Trapark II Bodega Lagunilla Bodega No 20
Lagunulla De Heredia, Costa Rica |
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Operative Address: |
50 MTS Al Norte De Ul Trapark II Bodega Lagunilla Bodega No 20 Lagunulla
De Heredia, Costa Rica |
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Telephone: |
506 22632915 |
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Fax: |
536 22632920 |
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Legal Form: |
Sociedad Anonima |
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Email: |
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Registered in: |
Costa Rica |
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Website: |
www.sisacr.com |
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Contact: |
Ronald Mora Ramirez |
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Staff: |
12 |
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Activity: |
Steel Service Centers & Other Metal Wholesalers Industry |
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BANKS |
Banco Central de Costa Rica |
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The company does not make its banking data public |
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HISTORY |
Import Integral Solutions SA is consolidated in 2003. |
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PRINCIPAL ACTIVITY |
The company is dedicated to the import and distribution of metals,
industrial parts and laboratory equipment. |
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Products/Services description: |
STAINLESS STEEL |
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Brands: |
The company has no brands |
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Sales are: |
Wholesale |
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Clients: |
Among the main customers are the most important entities in the Costa
Rican government and recognized private firms, such as Digital Graphic
Systems |
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Suppliers: |
Yieh Corporation Limited |
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Operations area: |
National and International |
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The company imports from |
China |
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The company exports to |
USA, Nicaragua, Panama |
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The subject employs |
12 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
50 MTS Al Norte De Ul Trapark II Bodega Lagunilla Bodega No 20
Lagunulla De Heredia, Costa Rica |
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Branches: |
The company has no branches |
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Industry: |
Companies in the industry distribute steel
and other primary metals and metal products and may also provide sawing,
shearing, bending, leveling, cleaning, or edging services.
The health of the manufacturing and construction industries drives
demand for steel. A distributor’s sales volume determines profitability
because many costs are fixed. Large distributors benefit from economies of
scale in purchasing, processing, and distribution. Small companies can
compete by specializing in particular products or offering special processing
services.
Steel products are made from carbon or alloy, stainless, or specialty
steels, and come in the form of sheets, plates, bars, rods, tubes, and structural
items like rails and I-beams. In addition to selling steel mill products,
distributors sell various processing services that customize products for
particular customers. Because of the large number of steel products, most
distributors specialize in the types of steel they carry and types of
processing operations they perform. Different grades of metal and the varying
thicknesses and sizes of materials result in a large variety of products. A
large distributor may handle more than 100,000 products. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
N/A |
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Shareholders %: |
This is a private company, after a long search we could not confirm
the mayor holders |
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Management: |
Manager: Ronald Mora Ramirez |
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Related Companies: |
The company has no subsidiary companies |
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FINANCIAL
INFORMATION
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This is a private company which does not make its financial statements
public. The following data has been provided
by outside sources. |
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2013 USD |
|
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Revenue |
4 495 000 |
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Net Income |
93 000 |
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Total Equity |
506 800 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
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There are no legal connected to the subject |
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SUMMARY |
Soluciones Integrales de Importacion S.A. was founded in 2003. The
company is dedicated to import and
distribution of metals, industrial parts and laboratory equipment. There are no negative. It has no credit lines opened, no national
debts. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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ENTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We contacted the receptionist who transferred our call to the
managers. We reached his voicemail and left a message asking to return our
call. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
|
|
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.