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Report No. : |
331175 |
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Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
REPRESENTACIONES DE CENTROAMERICA SA |
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|
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Registered Office : |
31 Calle 14-11 Zona 5, Guatemala City, Guatemala, 01005 |
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Country : |
Guatemala |
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Date of Incorporation : |
16.04.1993 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Supplier of Machinery, Packing Supplies and Raw Materials. |
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No. of Employees : |
21 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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.
|
Source
: CIA |
|
Legal Name: |
REPRESENTACIONES DE CENTROAMERICA SA |
||
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Trade Name: |
REPRESENTACIONES DE CASA / RECASA |
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|
Legal Address |
31 Calle 14-11 Zona 5 |
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Postal Town |
Guatemala City |
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Post Code |
01005 |
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Primary Geographic Area |
Guatemala |
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Country |
GT |
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Operative Address |
31 Calle 14-11 Zona 5 Guatemala City, Guatemala, 01005 |
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Telephone: |
+502 2381 3030 |
NIT : |
664475-9 |
|
Fax: |
+502 2381 3030 |
Legal Form: |
Sociedad Anonima |
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Email: |
main@recasa.net |
Registered in: |
GT |
|
Website: |
http://www.recasa.com.gt |
Date Created: |
September 7th, 1992 |
|
MANAGERS: |
Michael Bostelmann, President |
Date Incorporated: |
April 16th, 1993 |
|
Staff: |
21 |
Stock: |
N.A. |
|
|
|
Value: |
N.A. |
|
Activity: |
Supplier of machinery, packing
supplies and raw materials |
||
|
Management: |
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Michael Bostelmann, President Gunhild De Bostelmann, VP Luis Godoy, Sales director Lucrecia De Caballeros, Assistant manager Lucrecia Midea Galvez Marroquin Caballeros,
Legal representative |
|
Legal Filings |
|
The sources consulted record no
detrimental legal or labor court information. |
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Public |
NO |
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Shareholders Parent Company(ies): |
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This is a private company. The company's
main shareholder appears to be Michael Bostelmann. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of industry The company has worked as a
government supplier, having been awarded GTQ 165 183 in contracts between 2010
and 2014. |
|
Suppliers: |
|
Dinshi Ampoule Makers Pvt. Ltd.
(India) Schott Kaisha Private Ltd
(India) |
|
The
company imports from India |
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The company does not export |
|
Trade References: |
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It was not possible to obtain trade
references for this subject. |
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PAYMENTS |
|
regular |
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RELATED COMPANIES: |
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Affiliated companies: Farmaquila SA Multipak MAEMSA |
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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. |
|
We have attempted to contact
the company but could not reach anyone who could provide us any financial
data. |
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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
|
GEOPOLITICS - GUATEMALA |
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|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Republic |
Currency: 1,00 USD = 7,65750
GTQ |
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BANK |
|
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Name of the Bank |
Banco Industrial |
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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 1992
and was incorporated in Guatemala in 1993. |
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|
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PRINCIPAL ACTIVITY |
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Supplier of machinery, packing
supplies and raw materials |
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Products/Services description: |
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Machinery, quality control, raw
materials, weighing Systems, packaging materials in rolls, chemical products
and conveyor belts |
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Operations area: |
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National, Local |
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The subject employs 21
employee(s) |
|
Comments on staff: |
|
This information was not
verified by the company. |
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LOCATION |
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Headquarters |
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31 Calle 14-11 Zona 5 Guatemala City, Guatemala, 01005 |
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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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Listed at the stock exchange: |
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NO |
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Final Opinion
|
|
This is a
small Guatemala based company that has been in operations since 1992. 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
has experience working as a government supplier, having been awarded several
contracts between 2010 and 2014. We found no negative legal
antecedents against the company. |
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APPENDIX |
|
Comments |
|
We contacted the company
several times but none of our calls were answered. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.47 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.