|
Report No. : |
333923 |
|
Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NICO LTDA. |
|
|
|
|
Registered Office : |
Av. Juana Azurduy De Padilla N° 690 Zona: Transito Cochabamba |
|
|
|
|
Country : |
Bolivia |
|
|
|
|
Year of Establishment : |
1982 |
|
|
|
|
Legal Form : |
Sociedad De Responsabilidad Limitada |
|
|
|
|
Line of Business : |
The Company is dedicated to the import and commerce of chemical
products. |
|
|
|
|
No. of Employees : |
6 |
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 : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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) |
|
Bolivia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BOLIVIA - ECONOMIC OVERVIEW
Bolivia is a resource rich country with strong growth
attributed to captive markets for natural gas exports – to Brazil and
Argentina. Gas accounts for roughly 50% of Bolivia’s total exports and will
fund more than half of its 2015 budget. However, the country remains one of the
least developed countries in Latin America because of state-oriented policies
that deter investment and growth. Following a disastrous economic crisis during
the early 1980s, reforms spurred private investment, stimulated economic growth,
and cut poverty rates in the 1990s. The period 2003-05 was characterized by
political instability, racial tensions, and violent protests against plans -
subsequently abandoned - to export Bolivia's newly discovered natural gas
reserves to large Northern Hemisphere markets. In 2005, the government passed a
controversial hydrocarbons law that imposed significantly higher royalties and
required foreign firms then operating under risk-sharing contracts to surrender
all production to the state energy company in exchange for a predetermined
service fee. The global recession slowed growth, but Bolivia recorded the
highest growth rate in South America during 2009 and has averaged 5.3% growth
each year since 2009. High commodity prices since 2010 sustained rapid growth
and large trade surpluses. However, a lack of foreign investment in the key
sectors of mining and hydrocarbons, along with conflict among social groups
pose challenges for the Bolivian economy. President Evo MORALES passed an
investment law and promised not to nationalize additional industries in an
effort to improve Bolivia’s investment climate. The global decline in oil
prices in late 2014 exerted downward pressure on the price Bolivia receives for
exported gas and may result in lower GDP growth rates and losses in government
revenue in 2015.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
|
Legal Name: |
NICO LTDA. |
|
Trade Name: |
NICO INDUSTRIAL |
|
NIT: |
1008727028 |
|
Date Created: |
1982 |
|
Date Incorporated: |
1982 |
|
Legal Address: |
AV. JUANA AZURDUY DE PADILLA N° 690
ZONA: TRANSITO COCHABAMBA BOLIVIA |
|
Operative Address: |
AV. JUANA AZURDUY DE PADILLA N° 690
ZONA: TRANSITO COCHABAMBA BOLIVIA |
|
Telephone: |
4.250.141 |
|
Fax: |
4.250.142 |
|
Legal Form: |
SOCIEDAD DE RESPONSABILIDAD LIMITADA |
|
Email: |
|
|
Registered in: |
Bolivia |
|
Website: |
No website |
|
Contact: |
Don Victor Guaraguara |
|
Staff: |
6 |
|
Activity: |
Chemical Industry |
|
|
|
|
|
|
BANK
DATA
|
|
|
BANCO NACIONAL DE BOLIVIA |
|
|
The company does not disclose its banking information |
|
|
|
|
|
|
|
HISTORY
|
|
|
The company was established in 1981 |
|
|
|
|
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
The company is dedicated to the import and commerce of chemical
products |
|
|
Products/Services description: |
Leather, footwear equipment and accessories , water treatment ,
fertilizer and agricultural paragraph construction materials |
|
Brands: |
NA |
|
Sales: |
Wholesale, Retail |
|
Clients: |
Leather Industry mainly |
|
Suppliers: |
JUAN NAAB S.A.I. Y C. |
|
Operations area: |
National |
|
The company imports from |
Argentina, India. The company does not import from suppliers directly
but through intermediaries. |
|
The company exports to |
No exports |
|
The subject employs |
6 employees |
|
Payments: |
Regular-mainly made on a 90 day payment terms |
|
|
|
|
|
|
LOCATION
|
|
|
Headquarters : |
AV. JUANA AZURDUY DE PADILLA N° 690
ZONA: TRANSITO COCHABAMBA BOLIVIA |
|
Branches: |
EL ALTO VILLA TUNARI |
|
|
|
|
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders %: |
This is a private company. Major holder is the Guaraguara family. |
|
Management: |
Don Victor Guaraguara, General Manager Gavin Yuri Guaraguara, Manager |
|
Related Companies: |
There are no subsidiary companies for the
subject |
|
|
|
|
|
|
FINANCIAL
INFORMATION
|
|
|
The company does not make its financial statements public. |
|
|
The person contacted refused to confirm financial information for the subject. |
|
|
|
|
|
|
|
LEGAL
FILINGS
|
|
|
There are no legal connected to the subject |
|
|
|
|
|
|
|
SUMMARY
|
|
|
The company is dedicated to the import and commerce of chemical
products The company has 34 years of experience in the market with a small
sized structure. It mainly Works for the leather industry and has a branch location. There are no negative for the subject. However, it has a small
size. |
|
|
|
|
RISK
INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
SUGGESTED CREDIT LINE |
USD 5 000 |
|
STATUS |
Active |
|
|
|
|
|
|
INTERVIEW
|
|
|
NAME |
Juan Carlos |
|
POSITION |
Manager |
|
COMMENTS |
He confirmed address, branch, activity,
clients, sales, staff, owners and suppliers. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.