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Report No. : |
349057 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRUPO SJ |
|
|
|
|
Registered Office : |
1A. Calle Colonia Eterna Primavera 14-77, Zona 4 Villa Nueva |
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|
|
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Country : |
Guatemala |
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|
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Date of Incorporation : |
20.11.2007 |
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|
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Com. Reg. No.: |
56338236 |
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|
|
|
Legal Form : |
Sociedad Anonima |
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|
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Line of Business : |
|
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|
|
|
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 |
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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 |
|
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
13.7% 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 |
|
Business
Name |
GRUPO
SJ |
|
Country |
GUATEMALA |
|
Company
Registration Number |
56338236 |
|
Main
Activity Code |
1413 |
|
Main
Activity Description |
Manufacture of other outerwear |
|
Company
Status |
(Active) |
|
Latest
Turnover Figure |
- |
|
Latest
Shareholder Equity Figure |
- |
|
Common
Credit Rating |
C |
|
Common
Rating Description |
Moderate Risk |
|
Credit
Limit |
Guarantees |
|
Provider
Credit Rating |
9/20 |
|
Provider
Rating Description |
Moderate Risk |
|
Business
Name |
GRUPO SJ |
|
Registered
Company Name |
GRUPO SJ SA |
|
Company
Registration Number |
56338236 |
|
Country |
GUATEMALA |
|
VAT
Registration Number |
|
|
VAT
Registration Date |
|
|
Date
of Company Registration |
2007-11-20 |
|
Date
of Starting Operations |
2007-01-01 |
|
Commercial
Court |
|
|
Legal
Form |
Sociedad Anonima |
|
Type
of Ownership |
|
|
Company
Status |
(Active) |
|
Principal
Activity Code |
|
|
Principal
Activity Description |
|
|
Contact
Telephone Number |
+502 6635 7623 |
Main
Address
|
|
|
|
Address |
Country |
Telephone |
|
1a. Calle Colonia Eterna Primavera
14-77, Zona 4 Villa Nueva |
GUATEMALA |
+502 6635 7623 |
|
Address |
Country |
Telephone |
No other addresses for this company.
|
Address |
Country |
No previous addresses for this
company.
|
Activity Code |
Activity Description |
|
1413 |
Manufacture of other outerwear |
|
1414 |
Manufacture of underwear |
|
1419 |
Manufacture of other wearing
apparel and accessories |
|
1439 |
Manufacture of other knitted and
crocheted apparel |
seongchoolseo@gmail.com
N.A.
|
Date Reported |
Number of Employees |
|
2015 |
N.A. |
|
Banker
Name |
Banker
Address |
Phone
Number |
|
Banco Industrial |
|
|
|
Auditor
Name |
Solicitor
Name |
|
|
No advisor information for this
company. |
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Miscellaneous Information
|
||
|
Fax Number |
+502 6635 7697 |
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Export Countries |
USA |
|
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Import Countries |
|
|
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Additional Business Information |
The company was incorporated in
Guatemala in 2007. |
|
|
Additional Rating Information |
Local credit bureau gave a
Low credit rate. The company is in
Good Standing. This means that all
local and |
|
|
|
federal taxes were paid on
due date. |
|
|
Additional Payment Information |
Regular |
|
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Additional Financial Information |
As a private company the
subject does not publish any financial
statements. We have attempted to contact
the company but could not reach
anyone who could provide us any
financial data. Comments on the financial
data: It was not possible to obtain
financial data for this subject. |
|
|
Number of Employees at Address |
N.A. |
|
|
Number of
Employees at Group |
|
|
|
Number of
Employees at Factory |
|
|
|
Banks
(Comments) |
This information was not verified
by the company. |
|
Principal
Activity |
Manufacture of textile products |
|
Products/Services
Description |
The company manufactures various
types of women's clothing |
|
Sales |
Wholesale |
|
Clients |
Professionals of industry such as:
Apparel Avenue Inc (Labijou) (USA) |
|
Suppliers |
It was not possible to
obtain the name of any suppliers
for this subject. |
|
Operations
Area |
National, International |
|
Trade
References |
It was not possible to
obtain trade references for this subject. |
|
Comments
on Staff |
It was not possible to
ascertain the number of people the
company employs. |
|
Comments
on location |
This information was not verified
by the company. |
|
Branches |
We could not locate any
company branches. |
|
Listed
at the stock exchange |
NO |
|
Shareholders
Parent Company(ies) |
This is a private company.
Sung Hye Yooh would be the
company's main shareholder. |
|
Final
Opinion |
This is a
small Guatemalan company that has been
incorporated since 2007. The company
manufactures textile products. The company
exports abroad, so it can have good
market reach. The company has no web
presence, so it must rely on
traditional means of marketing to expand
its client base. Because of this, gaining
new clients would be a slow
process. We found no legal filings
against the company. Because we could not
reach anyone who could verify the
information we found we would suggest
requesting guarantees before a credit line
is considered. |
|
Comments |
We have attempted to contact
the company several times but none
of our calls were answered. We emailed
the information request and are awaiting
a reply. |
No financial information for this
company.
Current
Directors
|
||||
|
Name |
Gender |
Address |
Date
of |
Position |
|
|
|
|
Birth |
|
|
Sung Hye Yooh |
Unknown |
|
|
Legal Representative |
|
Julio Hernandez |
Unknown |
|
|
Import/Export Manager |
|
Name |
Gender |
Address |
Date
of Birth |
Position |
Resignation
Date |
No previous directors for this
company.
Nominal Share Capital
Issued Share Capital
|
Shareholder |
Address |
%
Shares Held |
Sung Hye Yooh
No group structure information for
this company
The sources consulted record no
detrimental legal or labor court information.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis
Done by : |
RAS |
|
|
|
|
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 |
|
|
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.