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Report No. : |
346802 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
JADE INDUSTRIA S.A. |
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Registered Office : |
Km 10 5 Carr Al Atlantico
Lote 1 Bodega 4 Zona 17 |
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Country : |
Guatemala |
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Date of Incorporation : |
06.07.2009 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Company is dedicated to the commerce of
sugar. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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) |
|
Guatemala |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 13.7% of GDP and 32% of the labor force; key agricultural exports include sugar, coffee, 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. In November 2014 along with his counterparts from El Salvador and Honduras, President PEREZ MOLINA announced the “Plan of the Alliance for Prosperity in the Northern Triangle.” This plan seeks to address the challenges facing the three Northern Triangle countries, including steps the governments will take to stimulate economic growth, increase transparency and fiscal responsibility, reduce violence, modernize the justice system, improve infrastructure, and promote educational opportunities over the next several years.
|
Source
: CIA |
|
Legal Name: |
JADE INDUSTRIA S.A. |
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Trade Name: |
JADE INDUSTRIA |
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NIT: |
6792470-0 |
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Date Created: |
2009 |
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Date Incorporated: |
06.jul.2009 |
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Legal Address: |
Km 10 5 Carr Al Atlantico
Lote 1 Bodega 4 Zona 17 G uatemala City |
|
Operative Address: |
Km 10 5 Carr Al Atlantico
Lote 1 Bodega 4 Zona 17 Guatemala City |
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Telephone: |
5898-6703 |
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Fax: |
5898-6703 |
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Legal Form: |
SOCIEDAD ANONIMA |
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Email: |
NA |
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Registered in: |
Guatemala |
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Website: |
NA |
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Contact: |
ALECIO MORALES IRVIN OMAR |
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Staff: |
3 |
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Activity: |
Wholesale Industry |
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BANKS |
Banco Central de
Guatemala |
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The company does not make
its banking data public |
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History
|
|
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The company was founded in
2009 |
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PRINCIPAL ACTIVITY
|
|
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The company is
dedicated to the commerce of sugar. |
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Products/Services
description: |
Azucar Icumsa 45 |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Itcc Inc. |
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Suppliers: |
GUANGZHOU GENTLE FOREIGN
TRADE |
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Operations area: |
National and
International |
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The company imports from |
China |
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The company exports to |
USA |
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The subject employs |
3 employees (not
confirmed) |
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Payments: |
Slow but correct |
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|
|
|
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LOCATION
|
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Headquarters : |
Km 10 5 Carr Al Atlantico
Lote 1 Bodega 4 Zona 17 Guatemala City |
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Branches: |
There are no branches for
the subject |
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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: |
This is a private company.
We could not confirm shareholders. |
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Management: |
IRVIN OMAR ALECIO
MORALES |
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FINANCIAL INFORMATION
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This is a private company
which does not make its financials public. |
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LEGAL FILINGS
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There are no legal for the
subject |
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SUMMARY
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The company is registered in
Guatemala. It is dedicated to the commerce of sugar, mainly. It has 6 years of experience
in the market with a small sized structure. The company is active and
authorized by the Guatemalan government. However, it has very low commercial
profile and we could not contact the company since the telephone number is
not active. |
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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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|
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INTERVIEW |
|
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
The telephone number is not
active. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
UK Pound |
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
TRU |
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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.