MIRA INFORM REPORT

 

 

Report No. :

322787

Report Date :

26.05.2015

 

IDENTIFICATION DETAILS

 

Name :

WALDMAR

 

 

Registered Office :

17 calle 5-24 Zona 1.

 

 

Country :

Guatemala

 

 

Date of Incorporation :

1973

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Subject is engages in the sales of textile products.

 

 

No of Employees :

Not Available

 

 

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 Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

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

 

REGISTERED NAME & COMPANY SUMMARY

 

IDENTIFICATION

Ordered as:

Waldmar

Address in the order:

17 Calle 5 24 Zona 1 Guatemala City

Comments on data supplied:

Dear client the name in the order is incorrect. In this report you can find the correct name.

Legal Name:

JOSE WALDEMAR QUAN ORELLANA C EN P

Trade Name:

WALDEMAR

Legal Address

17 calle 5-24 Zona 1.

Postal Town

Guatemala

Post Code

 

Primary Geographic Area

Guatemala

Country

GT

Location Status

Headquarters, Single Location, Legal Address,

Operative Address

17 calle 5-24 Zona 1, Guatemala, Guatemala.

Telephone:

011 502 2230-0939, 2251-9325

NIT :

952834

Fax:

011 502 2232-5337

Legal Form:

Sole Proprietorship

Email:

bquan@grupowaldmar.com

Registered in:

GT

Website:

ww.grupowaldmar.com

Date Created:

1973

MANAGERS:

Jose W Quan

Date Incorporated:

1973

Staff:

N.A.

Stock:

N.A.

 

 

Value:

N.A.

Activity:

This company engages in the sales of textile products.

 

DIRECTORS/MANAGEMENT

 

Management:

 

CEO: Jose W. Quan

NEGATIVE INFORMATION

 

Legal Filings

 The sources consulted record no detrimental legal or labor court information.

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders Parent Company(ies):

 

Jose W. Quan (Owner)

 

PAYMENT INFORMATION

 

 

Clients:

 

Public in general.

Suppliers:

 

The person contacted refused to provide us with this information as it is considered as confidential.

 

We could not find suppliers through export and import directories.

Operations area:

 

National, Local

The company imports from America and Asia

The company exports to America.

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

FINANCIAL INFORMATION

 

FINANCIALS - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted Jose Quan, who refused to provide us any financial data on grounds of confidentiality.

Comments on the financial data: Despite our long searches and the contact with the company we could not get financial information for 2013 or 2014.

 

 


FINANCIAL SUMMARY

Profitability

N.A.

Indebtedness

CONTROLLED

Cash

NORMAL

 

FOREIGN EXCHANGE RATES

 

N/a

 

ADDITIONAL INFORMATION

 

BANKS

Name of the Bank

G&T

Location                                  

Guatemala

Comments

This information could not be verified with the subject company.

 

BUSINESS HISTORY

 

This company was founded in 1899 in Guatemala.

PRINCIPAL ACTIVITY

 

This company engages in the production, commercialization and distribution of textile products.

Products/Services description:

 

English cashmere, Spanish cashmere, Italian cashmere, American cashmere, gabardine, linen, among others.

Sales are:

 

Wholesale, Retail

 

The subject employs N.A. employee(s)

Comments on staff:

 

The amount of employees was not provided by the company.

 

LOCATION

Headquarters

 

17 calle 5-24 Zona 1, Guatemala, Guatemala.

Comments on location:

 

They have administrative office, warehouse and show room.

 

Listed at the stock exchange:

 

NO

 

NOTES & COMMENTS

 

Person Interviewed

 

Jose Quan Jr.

Position

 

Manager

Comments

 

The contacted person confirmed the address. He refused to provide more information. He advised that the information of the company is confidential. He requests an email that we sent but we are still waiting for the response. The information in this report is from third party sources. In case we received any information this report could be updated.

 

 

Final Opinion

 

The company has almost 42 years of experience, reporting steady activity and having shown positive development.

 

This company engages in the production, commercialization and distribution of textile products.

 

We could not verify the amount of employees with the company.

 

It has bank accounts with a well known bank.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 63.62

UK Pound

1

Rs. 98.50

Euro

1

Rs. 69.93

 

INFORMATION DETAILS

 

Analysis Done by :

KRN

 

 

Report Prepared by :

DPT

 

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.