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Report No. : |
329198 |
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Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPORTACIONES BIG JOHN S.A. |
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Registered Office : |
Semaforos Colonial 1 C Al Sur, Csa Q 309 Managua |
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Country : |
Nicaragua |
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Date of Incorporation : |
2013 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and sale of industrial equipment. |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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) |
|
Nicaragua |
B2 |
B2 |
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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 |
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.
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Source
: CIA |
STATUTORY
INFORMATION
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|
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Order: |
Importaciones
Big John S.A. Managua |
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Address in the
order: |
Dreccion Iglesa
Pio X, 5 Cuadras Al Norte 1/2 Cuadr Al oesste Cas Qi 15 Bello Horizonte
Mangua, Nicaragua |
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Comments: |
The address
provided in the order is the old address. It has changed in June 2015. |
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Legal Name: |
Importaciones
Big John S.A. |
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Trade Name: |
Importaciones
Big John |
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NIT: |
J0310000199159 |
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Date Created: |
2013 |
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Date
Incorporated: |
2013 |
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Legal Address: |
Semaforos
Colonial 1 C Al Sur, Csa Q 309 Managua, Nicaragua |
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Operative
Address: |
Semaforos
Colonial 1 C Al Sur, Csa Q 309 Managua, Nicaragua |
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Telephone: |
2251-4568 |
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Fax: |
NA |
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Legal Form: |
Joint Stock Company |
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Email: |
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Registered in: |
Nicaragua |
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Website: |
NO |
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Contact: |
JERLING LESTHER
MORALES ACUÑA |
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Staff: |
3 |
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Activity: |
Import and
wholesale of industrial equipment |
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BANKS |
Banco Central de
Nicaragua |
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The company does
not make its banking data public |
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History
|
|
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The company
started business at the end of year 2013 |
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PRINCIPAL
ACTIVITY |
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The company is dedicated
to the import and sale of industrial equipment. |
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Products/Services
description: |
Industrial parts |
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Brands: |
ZEN, TRANSPO,
TEXTRONIC, PHOENIX |
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Sales are: |
Wholesale |
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Clients: |
Parts Stores |
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Suppliers: |
Phoenix |
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Operations area: |
NICARAGUA |
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The company
imports from |
USA (Miami),
India |
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The company
exports to |
No exports |
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The subject
employs |
3 employees |
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Payments: |
Slow but correct |
LOCATION
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Headquarters : |
Semaforos Colonial
1 C Al Sur, Csa Q 309 Managua, Nicaragua |
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Branches: |
The company does
not have branches |
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Industry: |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the
stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
JERLING LESTHER MORALES
ACUÑA is the major holder. |
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Management: |
JERLING LESTHER
MORALES ACUÑA, Legal Representative |
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Related
Companies: |
No related
companies |
FINANCIAL
INFORMATION
|
|
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This is a private
company which does not make its financial figures public. |
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The following
information is estimated and has been provided by the company: |
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2014 |
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Revenue |
100 000 |
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Cash |
Normal |
LEGAL
FILINGS
|
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There are no legal
connected to the subject |
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SUMMARY
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The company is
dedicated to the import and sale of industrial equipment. The Company has
only 1 year and a half of experience in the market with a small sized
structure. It Works all
though Nicaragua and imports mainly from USA. Considering the
Nicaraguan country financial situation and the company’s short experience in
the market, we suggest working with low credit line and monitoring to check
its progress. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
|
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NAME |
MARCOS ANTONIO
NAVARRO |
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POSITION |
Sales |
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COMMENTS |
The person
contacted confirmed all information included in the report. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
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Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
ANK |
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 |
-- |
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.