MIRA INFORM REPORT
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Report No. : |
323226 |
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Report Date : |
30.05.2015 |
IDENTIFICATION DETAILS
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Name : |
PLASTICOS ESPECIALES SAS |
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Registered Office : |
Calle 15 #29-69 Acopi Arroyo Hondo Yumbo Valle del Cauca |
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Country : |
Colombia |
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Date of Incorporation : |
12.09.1973 |
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
Manufacturer of Plastic products. |
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No. of Employee : |
620 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – 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 |
REGISTERED
NAME & COMPANY SUMMARY
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IDENTIFICATION |
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Ordered as: |
Plasticos
Especiales SA |
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Address in the order: |
Calle 15#, 29-69 Acopi Yumbo Colombia |
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Legal Name: |
PLASTICOS
ESPECIALES SAS |
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Trade Name: |
PLASTICEL |
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Legal Address |
Calle 15 #29-69 Acopi Arroyo Hondo |
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Postal Town |
Yumbo |
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Post Code |
N.A. |
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Primary Geographic Area |
Valle del Cauca |
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Country |
CO |
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Operative Address |
Calle 15 #29-69 Acopi Arroyo Hondo Yumbo, Valle del Cauca Colombia |
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Telephone: |
+57 2 6901010 |
NIT : |
890307885-1 |
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Fax: |
+57 2 6901010 |
Legal Form: |
Simplified Joint Stock Company |
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Email: |
info@plasticel.com / caren.grajales@aldoronline.com |
Registered in: |
CO |
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Website: |
www.plasticel.com |
Date Created: |
1973 |
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MANAGERS: |
Rafael Emilio Aljure Dorronsoro, General Manager |
Date Incorporated: |
September 12th 1973 |
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Staff: |
620 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Plastic products manufacturer. |
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DIRECTORS/MANAGEMENT
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Management: |
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Rafael Emilio Aljure Dorronsoro C.C.16753426 General Manager Francisco Jose Aljure Dorronsoro C.C.94295616 Manager Hernan Herrera Gutierrez C.C.14431960 Manager Mrs. Maria Isabel Administrative. |
NEGATIVE
INFORMATION
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Legal Filings |
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The sources consulted record no
detrimental legal or labor court information. |
SHARE
& SHARE CAPITAL INFORMATION
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Shareholders -
MANAGERS - RELATED COMPANIES |
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Listed at the stock exchange: |
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NO |
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Shareholders
Parent Company(ies): |
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PLASTICOS ESPECIALES SAS is a private company, we could not get
information about shareholders. |
PAYMENT
INFORMATION
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Clients: |
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Their clients are companies in general with needs of plastic
containers. |
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The company does not export |
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Trade References: |
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We could not get information about local suppliers to confirm the
trade references |
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Public |
NO |
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Payments |
REGULAR |
GROUP STRUCTURE & AFFILIATED COMPANIES
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RELATED
COMPANIES: |
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Comestibles Aldor S.A. |
FINANCIAL
INFORMATION
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FINANCIALS -
COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Mrs. Maria Isabel who refused to provide us any
financial data on grounds of confidentiality. |
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Currency |
DATE |
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COP |
2013 |
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Turnover |
93 547 000 000 |
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Operating Income |
3 942 000 000 |
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Net Income |
28 000 000 |
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Current Assets |
56 079 000 000 |
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Non-Current Assets |
112 047 000 000 |
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Net worth |
109 537 000 000 |
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Liabilities |
58 590 000 000 |
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Total assets |
168 127 000 000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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COP |
2012 |
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Turnover |
96 717 000 000 |
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Operating Income |
7 578 000 000 |
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Net Income |
1 602 000 000 |
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Current Assets |
52 679 000 000 |
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Non-Current Assets |
105 307 000 000 |
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Net worth |
105 110 000 000 |
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Liabilities |
52 876 000 000 |
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Total assets |
157 986 000 000 |
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The cash flow is |
Normal |
Comments on the financial data: The
financial statements are provided to us in local language, and we cannot
provide a full translation.
For a better approach we have transcribed the main financial figures above.
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Profitability |
CORRECT |
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Indebtedness |
CONTROLLED |
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Cash |
NORMAL |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
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GEOPOLITICS
- COLOMBIA |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100.00 COP = 0.0394571 USD |
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BANKS |
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Name of the Bank |
BANCO COLPATRIA |
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Account Number |
Confidential |
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Comments |
This information was not verified by the company. |
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Name of the Bank |
Bancolombia |
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Account Number |
Confidential |
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Comments |
This information was not verified by the company. |
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BUSINESS HISTORY |
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PLASTICOS ESPECIALES SAS was created in 1973. PLASTICOS ESPECIALES SAS is incorporated in Colombia. |
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PRINCIPAL ACTIVITY |
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PLASTICOS ESPECIALES SAS is a private company, that operates as
manufacturer and supplier of plastic packaging and containers. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, Local |
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The subject employs 620 employees. |
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Comments on
staff: |
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The number of employees was not verified by the company. |
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LOCATION |
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Headquarters |
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Calle 15 #29-69 Acopi Yumbo, Valle del Cauca Colombia |
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RATING |
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Local credit bureau gave a normal credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date |
NOTES
& COMMENTS
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Final Opinion |
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PLASTICOS ESPECIALES SAS is a private company, that operates as
manufacturer and supplier of plastic packaging and containers. This company operates with about 620 employees. This company has over 40 years of experience in the market where they
develop. |
APPENDIX
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Person Interviewed |
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Mrs. Maria Isabel |
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Position |
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Administrative. |
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Comments |
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We contacted, Mrs. Maria Isabel who confirmed the following
information; Legal name, location, activity, related company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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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 : |
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.