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Report No. : |
339270 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
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Name : |
GROUPO SURTITEX SA |
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|
|
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Registered Office : |
Calle 17 A 69 87 Bogota, D.C |
|
|
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Country : |
Colombia |
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Date of Incorporation : |
04.12.2013 |
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|
|
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Legal Form : |
Anonymous society |
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|
|
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Line of Business : |
Importer of textiles, drill, jean, indigo,
for manufacture of garments. |
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|
|
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No. of Employee : |
15 |
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 : |
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 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%.
|
Source
: CIA |
|
Order: |
GROUPO SURTITEX SA |
|
Address in the order: |
Bogota Zona Industrial Moatericado C11 17 A
#69 - 87 Bdg 2 Bogota 2, Colombia |
|
Legal Name: |
GRUPO SURTITEX S A |
|
Trade Name: |
GRUPO SURTITEX |
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NIT: |
811028538 – 4 |
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Date Created: |
2013 |
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Date Incorporated: |
2013 12 04 |
|
Legal Address: |
Calle 17 A 69
87 Bogota, D.C., Colombia |
|
Operative Address: |
Calle 17 A 69
87 Bogota, D.C., Colombia |
|
Telephone: |
1 405 1818 |
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Fax: |
1 405 1818 |
|
Legal Form: |
Anonymous society |
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Email: |
NA |
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Registered in: |
Colombia |
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Website: |
www.gruposurtitexsa.com (not working) |
|
Contact: |
Jorge Enrique Hernandez Parra, General
Manager |
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Staff: |
15 |
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Activity: |
Textile Industry |
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|
|
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BANKS |
BANCOLOMBIA |
|
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The company does not disclose its
banking data |
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|
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History: |
The company was established in 2013 |
|
|
Grupo Surtitex is an importer of textiles,
drill, jean, indigo, for manufacture of garments. |
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Products/Services description: |
Domestic and imported fabrics, rigid and stretch
denim, jogger, drills, shirt cloth |
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Brands: |
Grupo Surtitex |
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Sales are: |
Wholesale |
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Clients: |
Manufacture of garments |
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Suppliers: |
NANDAN DENIM
LIMITED |
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Operations area: |
National |
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The company imports from |
India, Mexico |
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The company exports to |
No exports |
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The subject employs |
15 employees |
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Payments: |
No Complaints |
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|
|
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LOCATION |
|
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Headquarters : |
Calle 17 A 69
87 Bogota, D.C., Colombia |
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Branches: |
Cl. 12 No. 7-41
Centro Local 15 Cucuta |
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Listed at the stock exchange: |
NO |
|
Capital |
NA |
|
Shareholders: |
This is a private company. Despite our long
search, we could not confirm major holders. |
|
Management: |
Cesar Augusto
Giraldo Rodriguez, Director |
|
This is a private company. It does not make
its financial statements public. The following information has been provided
by outside sources. |
|
|
Revenue |
10 766 000 |
|
Net Income |
351 000 |
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Total Equity |
43 882 000 |
There are no legal connected to the subject
|
Review: |
3 |
|
ALERT |
Low-Medium Short Experience |
|
Grupo Surtitex is an importer of textiles, drill,
jean, indigo, for manufacture of garments. The company has a small sized structure and
only 2 years of experience in the market. It has positive profitability and is
established in the market. |
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DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
|
NAME |
NA |
|
POSITION |
Administration |
|
COMMENTS |
We have contacted the administrative department
who confirmed directors and activity. She refused to provide more data. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SDA |
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.