|
Report No. : |
321625 |
|
Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DISTRIBUIDORA DEL CARIBE DE GUATEMALA SA |
|
|
|
|
Registered Office : |
1 Calle 34-39 Zona 11, Colonia Toledo,
Ciudad de |
|
|
|
|
Country : |
Guatemala |
|
|
|
|
Date of Incorporation : |
08.07.1991 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Subject is engaged in the import, distribution and commercialization of
chemicals for the pharmaceutical, food, cosmetics, and perfume industries,
such as: essences for food and perfumes, colorants for food, leather,
chemical products, cosmetics industry, food and pharmaceutical industry. |
|
|
|
|
No. of Employees : |
195 (approximately) |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Guatemala |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 13.5% of GDP and 30% of the labor force; key agricultural exports include coffee, sugar, 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.
|
Source
: CIA |
|
IDENTIFICATION |
|
|
COMPANY
NAME |
DISTRIBUIDORA
DEL CARIBE DE GUATEMALA SA |
|
TAX ID
TYPE |
NIT |
|
TAX ID NUMBER |
636700-3 |
|
CURRENT
STATUS |
Active |
|
MAIN
ADDRESS |
1 Calle
34-39 Zona 11, Colonia Toledo |
|
CITY/PROVINCE/STATE |
Ciudad de
Guatemala |
|
PHONE
NUMBER(S) |
(502)
2326.6666 |
|
FAX NUMBER |
(502)
2326.6661 |
|
E-MAIL |
vanessas@distcaribe.com |
|
WEB SITE |
www.distcaribe.com |
|
PAYMENT
HISTORY |
A:
PAYMENTS USUALLY PROMPT |
|
COMMENTS
OF IDENTIFICATION.- |
This
report was ordered with address: 13 Avenida 3-26 Zona 1, 0, which corresponds
to the Subject´s branch, sales premises and tax domicile. Please note that
the caption address is where its headquarters, administrative and sale
offices and warehouse are located. |
|
LEGAL ASPECTS |
|
|
LEGAL
STATUS |
Stock
Company |
|
INCORPORATION
DATE |
08/07/1991 |
|
REGISTERED
IN |
Guatemala |
|
DURATION |
Unlimited |
|
REGISTRATION |
Deed No.
110, Reg. No. 22.032, Folio 132, Book 97 |
|
BACKGROUND
(HISTORY).- |
|
|
On
02/02/1974, the Sole Proprietorship of Mr. Alejandro Macias (Father) started operations,
and it commercialized chemical products for the general industry. On
08/07/1991, DISTRIBUIDORA Y DROGUERIA DEL CARIBE SA (Stock Company) was
created as continuing company of the Sole Proprietorship of Mr. Alejandro
Macias (Father). Now, it is known as DISTRIBUIDORA DEL CARIBE DE GUATEMALA
SA. |
|
|
COMMENTS
RELATED COMPANIES |
|
|
The
subject is part of the DISTRIBUIDORA DEL CARIBE Group with headquarters in
Guatemala. It operates in Guatemala, Costa Rica, Nicaragua, El Salvador,
Honduras and Panama. |
|
|
BOARD OF
DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
MACIAS
CARBONELL, MICHEL JEAN |
Director/Legal
Representative |
50% |
|
MACIAS
CARBONELL, ALEJANDRO LORENZO |
General Manager/Legal
Representative |
50% |
|
ESCOBAR
MOLINA, GIOVANI |
Logistics
& Exports Manager |
|
|
SALAZAR,
VANESSA |
General
Accountant |
|
|
WHO IS
WHO? |
||||
|
MACIAS
CARBONELL, MICHEL JEAN |
||||
|
Guatemalean,
ID, 3902501, Graduated in Administration, . |
||||
|
Position |
Name |
Country |
Tax id
Number |
Year |
|
General
Manager |
DISTRIBUIDORA
DEL CARIBE SA DE CV |
EL
SALVADOR |
0614-300997-105-7 |
|
|
MACIAS
CARBONELL, ALEJANDRO LORENZO |
||||
|
Guatemalean,
ID 4733347, Licentiate in Administration , . |
||||
|
Position |
Name |
Country |
Tax id
Number |
Year |
|
General
Director/Leg.Rep |
DISTRIBUIDORA
DEL CARIBE SA DE CV |
EL
SALVADOR |
0614-300997-105-7 |
|
|
President |
DISTRIBUIDORA
DEL CARIBE PANAMA SA |
PANAMA |
1678878-1-681634 |
|
|
President |
DISTRIBUIDORA
DEL CARIBE SA DE CV |
HONDURAS |
05019006501650 |
|
No negative information given
|
INITIAL
CAPITAL |
Q.5,000.00
Quetzales |
|
PAID-UP
CAPITAL |
US$3,012.05
Dollars |
|
LAST
CAPITAL INCREASE |
March 2009
(Notary Randols Castellanos) |
|
TYPE OF
SHARES |
Registered
shares |
|
LISTED AT
STOCK EXCHANGE |
NO |
|
PAYMENTS |
|
|
TRADE
REFERENCES |
|
|
TYPE OF
SUPPLIER |
NATIONAL |
|
CREDIT
FACILITIES |
No current
operations limit |
|
SUPPLIER
FROM |
1994 |
|
MONTHLY
AVERAGE |
Variable |
|
DEADLINES |
Invoices
at 60 days |
|
PRODUCTS
SOLD |
Chemical
products |
|
RATING |
PROMPT |
|
COMMENTS.- |
Payments
through bank deposits. Good client. |
|
TYPE OF
SUPPLIER |
NATIONAL |
|
CREDIT
FACILITIES |
No current
operations limit |
|
SUPPLIER
FROM |
May, 2001 |
|
MONTHLY
AVERAGE |
US$12,000.00
to US$15,000.00 Dollars |
|
DEADLINES |
Invoices
at 30 days |
|
PRODUCTS
SOLD |
Plastic
containers |
|
RATING |
PROMPT |
|
COMMENTS.- |
Very good
client. Payments by checks. |
|
TYPE OF
SUPPLIER |
INTERNATIONAL |
|
CREDIT
FACILITIES |
Confidential |
|
SUPPLIER
FROM |
05 years
ago |
|
DEADLINES |
Terms at
45-60 days |
|
PRODUCTS
SOLD |
Natural
extracts |
|
RATING |
PROMPT |
|
COMMENTS.- |
Payments
through bank transfers. |
|
CREDIT
FILES |
|
|
Other
suppliers consulted do not disclose any information on their clients as per
internal policies. |
|
|
RELATED COMPANIES |
||
|
NAME |
TAX ID.
NUMBER |
COUNTRY |
|
DISTRIBUIDORA
DEL CARIBE (DICSA) SA |
1983179-1-737346 |
PANAMA |
|
DISTRIBUIDORA
DEL CARIBE DE NICARAGUA SA |
0106099472 |
NICARAGUA |
|
DISTRIBUIDORA
DEL CARIBE PANAMA SA |
1678878-1-681634 |
PANAMA |
|
DISTRIBUIDORA
DEL CARIBE SA DE CV |
05019006501650 |
HONDURAS |
|
DISTRIBUIDORA
DEL CARIBE SA DE CV |
0614-300997-105-7 |
EL
SALVADOR |
|
QUIMICAS
MACIAS SA |
3-101-319706 |
COSTA RICA |
|
COMMENTS ON LEGAL ASPECTS .- |
||
|
On 08/07/1991,
subject was established as DISTRIBUIDORA Y DROGUERIA DEL CARIBE SA, by Deed
No. 110. On 29/01/1992, subject was provisionally registered at the
Commercial Registry of Guatemala and registered at the Superintendency of Tax
Administration (SAT). On 30/04/1992, subject was definitely registered at the
Commercial Registry of Guatemala, with patent of company commerce issued in
Registration No. 22.032 Folio 132, Book 97 of Societies. On 23/08/2010,
subject changed its company name to DISTRIBUIDORA DEL CARIBE DE GUATEMALA SA,
being registered at the Commercial Registry of Guatemala, with patent of
company commerce in Registration No. 143.618 Folio 28, Book 110 of Commercial
Companies. Book of Commercial Societies: the contract entered into by one or more
people is registered here. The parties agree to establish or set common goods
and services to exercise the economic activity and divide the earnings.
(Section 1728 of Civil Code of Guatemala). Book of Commercial Companies: the
corporate purpose, the goods and services a company produces or distributes
in the market (Section 655 of Commerce Code of Guatemala). The subject is
registered in the Procurement and Contracting System of Guatemala and can be
part of any public tender. Subject is member of the Chamber of Industry of
Guatemala (CIG) and the Union of Manufacturers and Distributors of Industrial
Chemicals (GREQUIM). |
||
|
|
||
|
CONTENT.- |
|
We
interviewed Mr. Giovani Escobar (Logistics and Exports Manager), who declined
to provide information on subject. Also he indicated that no information is
furnished to third parties, only to its suppliers in a direct manner, if they
request it. Hence, all the information herein has been collected from outside
sources, from which no financial data is available. We know that the subject
received concept of awards granted by the government, in the following
period: - Year: 2015 - Amount: Q.11,769.23 Quetzales - Number of
adjudications: 01 Subject is a commercial company with long experience in
market, from which adverse background detrimental to its operations has not
been found, which makes us estimate it has been operating normally. COUNTRY
CONTEXT - GUATEMALA: The below information has been obtained from a highly
regarded public source that issues comments on all of worlds? countries.
Taxes: Guatemalan income tax: 5% on the net profit-business: Alphabetic
currency code for every country by the International Organization for
Standardization (ISO) 4217:Quetzal (GTQ). Main economic indicators: External
debt: US $15.94 billion (31 December 2014 est.) International net reserves:
US $7.546 billion (31 December 2014 est.) Inflation rate : 3.5% (2014 est.)
GDP real growth rate: 3.4% (2014 est.) Annual GDP per capita: US $7,500 (2014
est.) GDP - composition, by sector of origin: agriculture: 13.3%
industry: 23.5% services: 63.2% (2014 est.) Labour force of 4.576
million people (2014 est.) divided by: agriculture: 38%
industry: 14% services: 48% Unemployment rate: 4.1% (2011
est.) (last registered) Productivity sectors: Agriculture - products:
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs,
chickens Industries: sugar, textiles and clothing, furniture, chemicals,
petroleum, metals, rubber, tourism Foreign trade: Exports: $10.6 billion
(2014 est.) $10.19 billion (2013 est.) country comparison to the
world: 94 Exports - commodities: coffee, sugar, petroleum, apparel,
bananas, fruits and vegetables, cardamom Exports - partners: US 37.2%, El
Salvador 8.7%, Honduras 7.8%, Mexico 5%, Nicaragua 4.8%, Costa Rica
4.3% Imports: $17.15 billion (2014 est.) $16.36 billion (2013 est.)
country comparison to the world: 81 Imports - commodities: fuels,
machinery and transport equipment, construction materials, grain,
fertilizers, electricity, mineral products, chemical products, plastic
materials and products Imports - partners: US 36.4%, Mexico 11.4%, China
9.7%, El Salvador 4.7%, Colombia 4.4% Country risks: Commercial Country
Risk: MEDIUM Political Country Risk: LOW |
|
DETAILS OF FIXED ASSETS.- |
|
- 03
trucks - 02 freight elevators - Racks for storage - Office furniture and
equipment |
|
INSURANCE.- |
|
The
subject holds insurance policy against all risks with SEGUROS GAT SA. Policy
is valid until December 2015 (unspecified coverage amount). |
|
RATE OF EXCHANGE |
US$1.00 = Q.7.67 as of report date |
|
OPERATIONS |
|
|
SECTOR |
2.-TRADE
(WHOLESALE) |
|
ACTIVITY |
CHEMICALS |
|
ISIC
CATEGORY |
G-WHOLESALE
AND/OR RETAIL SALE |
|
ISIC CLASS |
5149-Wholesale
of Chemical Substances, Textile Fibers, Manure |
|
MAIN
ACTIVITY |
Subject is
engaged in the import, distribution and commercialization of chemicals for
the pharmaceutical, food, cosmetics, and perfume industries, such as: essences
for food and perfumes, colorants for food, leather, chemical products,
cosmetics industry, food and pharmaceutical industry. |
|
TERRITORY
OF SALES |
65%
(Domestic market) |
|
% FOREIGN
SALES |
35% |
|
% LOCAL
PURCHASING |
5% |
|
% FOREIGN
PURCHASING |
95% |
|
N. OF
EMPLOYEES |
195
(approximately) |
|
LOCATION |
|
HEADQUARTERS,
ADMINISTRATIVE, SALES OFFICES AND WAREHOUSE: Located at the heading address.
It is a three-story building located in business zone. Owned premises. BRANCH,
SALES PREMISES, TAX DOMICILE: 13 Avenida 3-26, Zona 1 Guatemala City.
Telephone number: (502) 2253.3926 |
|
COMMENTS OF OPERATIONS.- |
|
It imports
chemicals for the food, cosmetics, cleaning and pharmaceutical industries from
Germany, France, Colombia and Spain. Likewise, it imports chemical products
from China, USA, India, Mexico, Brazil, against direct credit at 60 to 90
days. It exports to El Salvador, Honduras, Ecuador, Mexico, Costa Rica and
Nicaragua. Subject operates 100% directly. It settles 20% in cash and 80% on
credit. Subject distributes its products to the following sectors: - Food
industry - Veterinary and pharmacy - Cosmetic industry - Agribusiness -
General industry The subject has approximately 2000 active clients. Its main
foreign clients are: CARGILL SA DE CV (MEXICO) and FOSFORERA ECUATORIANA SA
(ECUADOR). Main competitors: - GRUPO VALBE SA - PRODUCTOS QUÍMICOS
REPRESENTACIONES SA - COMPAÑÍA QUÍMICA INDUSTRIAL (GUATEMALA) SA -
PANAMERICANA DE COMERCIO SA - TRANSMERQUIN DE GUATEMALA SA - BRENNTAG DE
GUATEMALA SA - PEGAUCHO DE CENTROAMÉRICA SA - QUISERTEC SA - EKA CHEMICALS DE
CENTROAMÉRICA SA Nowadays, subject conducts negotiations in Central America,
as well as in Guatemala (where its parent company is located), Belize
(negotiations), El Salvador, Honduras, Nicaragua, Cosra Rica and Panama
(owned offices and warehouses). It can use as trading name the following:
DISTRIBUIDORA DEL CARIBE and DISTRIBUIDORA DEL CARIBE INTERNACIONAL. As an
advertising method, subject announces, uploads and answers technical
questions related to the products that it trades, in the site:
https://www.facebook.com/pages/Distribuidora-del-Caribe |
|
LOCAL SUPPLIERS |
||
|
Name |
Contact |
Telephone |
|
BASF DE
GUATEMALA SA |
Olga Gracias |
(502)
2445.7600 |
|
AG AD
SERPROA |
|
|
|
(DARSA)
DESTILADORES DE ALCOHOLES Y RONES SA |
Gretel
Díaz |
(502)
2470.9696 |
|
INDUSTRIALIZADORA
MICROPLAST SA |
Lesly
Ramirez |
(502)
2250.5769 / 2250.5767 |
|
FOREIGN SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
KAHL GMBH
& CO KG |
|
|
GERMANY |
|
DESTILACIONES
BORDAS CHINCHURRETA SA |
|
|
SPAIN |
|
BASF CORP |
|
|
U.S.A. |
|
AGROFERT
HOLDING AS |
|
|
CZECH
REPUBLIC |
|
NEYBER SAS |
Oscar
Bernal |
(57-1)
231.6074 |
COLOMBIA |
|
EDUARDO
BARBERENA SA DE CV |
Hugo
Villavicencio |
(52-55)
5527.3919 |
MEXICO |
|
PROTECNICA
INGENIERIA SA |
|
(57-2)
690.2828 |
COLOMBIA |
|
BANKERS / REFERENCE |
||||
|
Bank Name |
Account
Number |
Account
Officer |
Telephone |
Country |
|
BANCO REFORMADOR
SA |
|
Bayron
Rivas |
(502)
2362.0888 |
GUATEMALA |
|
BANCO DE
AMERICA CENTRAL SA |
|
|
|
GUATEMALA |
|
BANCO
INDUSTRIAL SA |
|
Ursula
Molina |
(502)
2366.6666 |
GUATEMALA |
|
BANCO
INTERNACIONAL SA |
|
|
|
GUATEMALA |
|
BANK
COMENTS |
||||
|
Banks
consulted did not provide further information regarding their clients due to
bank secrecy. |
||||
|
CREDIT
OPINION |
|
COMMENTS: Based on this information,
subject is a commercial company with 23 years in market, which enjoys good commercial
reputation in its field without any legal actions against its name. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.