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Report No. : |
323360.2 |
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Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
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Name : |
COATS CADENA SA |
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Registered Office : |
Avenida Santander No. 5E-87, Pereira, Risaralda |
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Country : |
Colombia |
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Date of Incorporation : |
22.08.1977 |
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Com. Reg. No.: |
891400380 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Not Available Note: We tried to
confirm / obtain the detailed activity but the same is not available from any
sources. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
No commercial activity carried out |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Colombia |
A2 |
A2 |
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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 |
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%.
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Source
: CIA |
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IDENTIFICATION |
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Ordered as: |
Coats Cadena Andina SA |
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Address in the order: |
Avenida Santander No 5E-87 Pereira |
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Legal Name: |
COATS CADENA SA |
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Legal Address |
Avenida Santander No. 5E-87 |
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Postal Town |
Pereira |
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Post Code |
N.A. |
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Primary Geographic Area |
Risaralda |
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Country |
CO |
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Operative Address |
N.A. |
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Telephone: |
N.A. |
Registration Number: |
891400380 |
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Fax: |
N.A. |
Legal Form: |
Sociedad Anonima |
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Email: |
N.A. |
Registered in: |
CO |
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Website: |
N.A. |
Date Created: |
1977 |
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MANAGERS: |
N.A. |
Date Incorporated: |
August 22nd, 1977 |
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Staff: |
N.A. |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
N.A. |
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Management: |
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No management. |
No negative information found.
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Shareholders Parent Company(ies): |
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No shareholders. |
N/a
N/a
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Profitability |
N.A. |
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Indebtedness |
N.A. |
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Cash |
N.A. |
N/a
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BUSINESS HISTORY |
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The company was registered in 1977 in Colombia. It has been merged out in 2002. The commercial entity now operates as COATS CADENA ANDINA SA. |
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PRINCIPAL ACTIVITY |
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No commercial activity is carried out. |
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Final Opinion |
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This legal entity is no longer operating with the legal name provided. It now operates as COATS CADENA ANDINA SA. We suggest not dealing with the subject. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
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|
1 |
Rs.97.80 |
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Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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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.