MIRA INFORM REPORT
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Report No. : |
343330 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPORINOX S.A.S. |
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|
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Registered Office : |
Carrera 3 24 28 Cali, Valle |
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|
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Country : |
Colombia |
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Date of Incorporation : |
1998 |
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|
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Legal Form : |
SAS Simplified Joint Stock Companies |
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Line of Business : |
Importer and distributor of steel. |
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No. of Employee : |
101 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Colombia |
A2 |
A2 |
|
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 |
COLOMBIA ECONOMIC OVERVIEW
Colombia's consistently sound economic policies and
aggressive promotion of freeTRADE
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%.
|
Source
: CIA |
STATUTORY INFORMATION
|
|
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Legal Name: |
IMPORINOX S.A.S. |
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Trade Name: |
IMPORINOX |
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NIT: |
805012368 - 7 |
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Date Created: |
1998 |
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Date Incorporated: |
1998 |
|
Legal Address: |
Carrera 3 24 28 |
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Operative Address: |
Carrera 3 24 28 |
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Telephone: |
2 487 7000 |
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Fax: |
2 487 7008 |
|
Legal Form: |
SAS Simplified
Joint Stock Companies |
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Email: |
|
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Registered in: |
Colombia |
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Website: |
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Contact: |
Alejandro Estrada Gomez, Manager |
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Staff: |
101 |
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Activity: |
Steel Industry |
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|
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BANKS |
BANCOLOMBIA |
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|
|
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The company does not make its banking details public |
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History
|
|
|
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Imporinox SAS was incorporated in 1998. However; its experience dates
back to more than three decades ago under the name I.D.A Inoxidables S.A. |
PRINCIPAL ACTIVITY
|
|
|
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The company operates as an importer and distributor of steel in southwestern
Colombia. |
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Products/Services description: |
Mesh mesh |
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Brands: |
IMPORINOX |
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Sales are: |
Wholesale |
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Clients: |
Adriatic Enterprises C.A. |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
Asia |
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The company exports to |
Venezuela |
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The subject employs |
101 employees |
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Payments: |
No Complaints |
LOCATION
|
|
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Headquarters : |
Carrera 3 24 28 |
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Branches: |
Bogotá - Calle 8 # 27-47 PBX: (57-1) 742 0007 |
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: |
|
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Management: |
German Estrada Hurtado, Director |
FINANCIAL INFORMATION
|
|
|
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The company does not make its financial figures public. |
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COP 2014 |
|
|
OPERATING REVENUES |
38795899 |
|
LESS COST OF SALES AND PROVISION OF SERVICES |
29976051 |
|
GROSS PROFIT |
8819848 |
|
UNDER MANAGEMENT OPERATING EXPENSES |
5208179 |
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LESS SALES OPERATING EXPENSES |
2254576 |
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OPERATING INCOME |
1357093 |
|
MORE NON-OPERATING INCOME |
924163 |
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NON-OPERATING EXPENSES LESS |
2878668 |
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PROFIT BEFORE TAX |
-597,412 |
|
GAINS AND LOSSES |
-673121 |
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TOTAL NON-CURRENT ASSETS |
3892006 |
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TOTAL ASSETS |
33681609 |
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FINANCIAL OBLIGATIONS CP |
15046044 |
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TOTAL CURRENT LIABILITIES |
23639706 |
|
FINANCIAL OBLIGATIONS |
3145238 |
|
TOTAL CURRENT LIABILITIES |
3145238 |
|
TOTAL LIABILITIES |
26784944 |
|
SUBSCRIBED AND PAID |
2000000 |
|
RESERVATIONS |
786 918 |
|
RESULTS FOR THE YEAR |
-673121 |
|
EARNINGS |
2893079 |
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TOTAL ASSETS |
6896665 |
|
TOTAL LIABILITIES AND EQUITY |
33681609 |
LEGAL FILINGS
|
|
|
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There are no legal connected to the subject |
SUMMARY
|
|
|
|
The company is dedicated to the import and wholesale of construction
materials, hardware, paint, glass, equipment and plumbing and heating
materials. It has a medium-large sized structure and more than 30 years of
experience in the market. The company’s latest results show positive operating revenue; however,
negative results for the year. |
RISK INFORMATION
|
|
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
Elina |
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POSITION |
Administrative |
|
COMMENTS |
She confirmed address, staff, experience, managers, activity and
ID. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ANK |
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.