MIRA INFORM REPORT

 

 

Report No. :

329015

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

IMPORTACIONES Y EXPORTACIONES BRENES

 

 

Registered Office :

Ferreteria 4, Pista El Mayoreo, Managua

 

 

Country :

Nicaragua

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

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, 2014

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Nicaragua

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

NICARAGUA - ECONOMIC OVERVIEW

 

Nicaragua, the poorest country in Central America and the second poorest in the Western Hemisphere, has widespread underemployment and poverty. The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods. Textiles and agriculture combined account for nearly 50% of Nicaragua's exports. In 2013, the government granted a 50-year concession to a newly formed Chinese-run company to finance and build an inter-oceanic canal and related projects, at an estimated cost of $50 billion. The economy grew 4.7% in 2014, despite a steep decline in coffee export revenues due to a coffee rust fungus.

 

Source : CIA

 

Company Name and address

 

Company Name:                       IMPORTACIONES Y EXPORTACIONES BRENES

Country:                                    N/a

Street Name:                             N/a

City Code:                                N/a

 

Based on the investigation details you have provided we have been unable to provide you with a full report on the company you are investigating due to the following reasons:

 

Database:

■  We do not hold any information on the company you are investigating in our database

 

Address:

■ The address you have provided in your investigation is not a complete / accurate one

■ Local reporters have been unable to locate an alternative address

 

We have attempted unsuccessfully to locate the subject company using the following methods:

■  Post

■  Internet

■  Printed Reference Books/Directories

■  International Directory Enquiries

■  Local Telephone/Telecommunications Directory

■  Local Authorities

 

Please provide us with any additional information you may have so that we can resume an investigation on your behalf and provide you with a full report free of charge.

 

 

BUSINESS

PRINCIPAL ACTIVITY

 

 

Dear Client,

Your order was on:

IMPORTACIONES Y EXPORTACIONES BRENES

Address: Ferreteria 4, Pista el Mayoreo

Tel: +505-88894048

Note that we couldn't find the company registered in the Chamber of Commerce of Nicaragua.

No listings with the yellow pages or major credit bureaus were obtained.

When dialing the number provided in the order, we contacted Mr. Napoleon Gutierrez Brenes, Owner, who strongly refused to give out any sort of information on the company besides the address, insisting on being given the name of the inquirer.

He denied to comment on the companys RUC number, creation date, legal name, and activity.

At our insistence, he provided his email address, napoleongutierrez.ngb@gmail.com, but advised he would not answer unless we provided the name of the inquirer.

A search on the address did not return any result, but the interviewed verified the address.

 

 

Shareholders - MANAGERS - RELATED COMPANIES

Shareholders Parent Company(ies):

 

The company is owned by Mr. Napoleon Gutierrez Brenes

Management:

 

Napoleon Gutierrez Brenes, General Manager

 

 

IDENTIFICATION

 

Ordered as:

IMPORTACIONES Y EXPORTACIONES BRENES

Address in the order:

FERRETERIA 4,PISTA EL MAYOREO,

Postcode          00505-88894048

Legal Name:

IMPORTACIONES Y EXPORTACIONES BRENES

Legal Address

Ferreteria 4, Pista el Mayoreo

Postal Town

Managua

Post Code

N.A.

Primary Geographic Area

N.A.

Country

NI

Operative Address

N.A.

Telephone:

+505-88894048

NIT :

N.A.

Fax:

N.A.

Legal Form:

N.A.

Email:

napoleongutierrez.ngb@gmail.com

Registered in:

NI

Website:

N.A.

Date Created:

N.A.

MANAGERS:

Napoleon Gutierrez Brenes, General Manager

Date Incorporated:

N.A.

Staff:

N.A.

Stock:

N.A.

 

 

Value:

N.A.

Activity:

N.A.

 

 

 Final Opinion

 

For the company in question, even though it would deal with imports and exports, it was not possible to obtain its legal name and incorporation information, and the person interviewed strongly refused to cooperate without being given the name of the inquirer.

 

We advise caution.

 

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.66

UK Pound

1

Rs.100.50

Euro

1

Rs.71.31

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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.