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Report No. : |
349079 |
|
Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANTEX SOCIEDAD ANONIMA |
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|
|
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Registered Office : |
Kilometro 19.5 Carretera A San Jose Pinula Z.0, San Jose Pinula |
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Country : |
Guatemala |
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Date of Incorporation : |
14.11.2009 |
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Com. Reg. No.: |
70393826 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
Not Available |
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|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 |
MANTEX SOCIEDAD ANONIMA
|
Business Name |
MANTEX |
|
Country |
GUATEMALA |
|
Company Registration Number |
70393826 |
|
Main Activity Code |
|
|
Main Activity Description |
|
|
Company Status |
(Active) |
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Latest Turnover Figure |
- |
|
Latest Shareholder Equity Figure |
- |
|
Business Name |
MANTEX |
|
Registered Company Name |
MANTEX SOCIEDAD ANONIMA |
|
Company Registration Number |
70393826 |
|
Country |
GUATEMALA |
|
VAT Registration Number |
|
|
VAT Registration Date |
|
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Date of Company
Registration |
2010-01-08 |
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Date of Starting
Operations |
2009-11-14 |
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Commercial Court |
|
|
Legal Form |
Sociedad Anonima |
|
Type of Ownership |
|
|
Company Status |
(Active) |
|
Principal Activity Code |
|
|
Principal Activity Description |
|
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Contact Telephone Number |
N.A |
|
Address |
Country |
Telephone |
|
Kilometro 19.5 Carretera A San
Jose Pinula Z.0, San Jose Pinula |
GUATEMALA |
N.A |
|
Address |
Country |
Telephone |
|
No other addresses for this company. |
||
|
Address |
Country |
|
No previous addresses for this company. |
|
N.A
N.A
|
Date Reported |
Number of Employees |
|
2015 |
N.A |
|
Banker Name |
Banker Address |
Phone Number |
|
No banker information for this company. |
||
|
Auditor Name |
Solicitor Name |
|
No advisor information for this company. |
|
|
Fax
Number |
N.A |
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Export
Countries |
|
|
Import
Countries |
|
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Additional
Business Information |
The subject operates in Guatemala
since 2009 but it was incorporated
in 2010. |
|
Additional
Rating Information |
Local credit bureau did not rate
this company. The company is in Good
Standing. This means that all local and
federal taxes were paid on due date. |
|
|
|
|
Additional
Payment Information |
|
|
Additional
Financial Information |
As a private company the subject
does not publish any financial statements. |
|
Number
of Employees at Address |
N.A |
|
Number
of Employees at Group |
|
|
Number
of Employees at Factory |
|
|
Principal Activity |
Despite our long searches, we
could not find any information on
the company's activity. We could not
find a telephone number related to the
subject, so we could not establish
any contact with the company. No listing
with the yellow pages. No listing
with major credit bureaus. A search
on the legal address has not allowed
us to obtain more data. |
|
Clients |
We have not found any clients'
names. |
|
Suppliers |
We have not found any suppliers'
names. |
|
Branches |
We have not located any branches. |
|
Listed at the
stock exchange |
NO |
|
Shareholders Parent
Company(ies) |
Despite our long searches, we have
not identified the company's shareholders. |
|
Management |
Despite our long searches, we have not identified the company's managers. We could not verify if GISBERT CORRALES,JUAN JORGE, who appears as the Legal Representative, is actually related to the company. |
|
Final Opinion |
The company has been incorporated
for 5 years and its status is
currently Active at the Official Registry
of Guatemala. However, we could not
find any information on its operations.
Also, no recent payment information has been
found and we could not check any
trade reference. Besides, we could not
establish any contact with the company.
At this time, we cannot confirm
that it is currently operating. At
this stage, we suggest caution and not
dealing on a credit basis. |
No financial information for this company.
No directors information for this company
No share capital information for
this company
No group structure information for
this company
Legal Filings: The sources consulted
record no detrimental legal or labor
court information.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.