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Report No. : |
340051 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
JUAN NIEMANN Y COMPANIA LIMITADA JC NIEMANN |
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Registered Office : |
Calle Mariscal Cruz 10-69 Z.5 ,Apartado Po |
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Country : |
Guatemala |
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Date of Incorporation : |
29.04.1961 |
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Legal Form : |
Compania Limitada |
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Line of Business : |
Subject is sale of industrial equipment |
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No. of Employee : |
85 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source
: CIA |
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IDENTIFICATION |
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Legal Name: |
JUAN
NIEMANN Y COMPANIA LIMITADA JC NIEMANN |
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Trade Name: |
JC NIEMANN |
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Legal Address |
Calle Mariscal Cruz 10-69 Z.5 |
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Postal Town |
Guatemala |
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Post Code |
Apartado Po |
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Primary Geographic Area |
Guatemala |
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Country |
GT |
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Operative Address |
Calle Mariscal Cruz 10-69 Zona 5, Guatemala, Apartado Postal 290 |
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Telephone: |
+502 2420 8989 |
NIT : |
335630 |
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Fax: |
+502 2334 7453 |
Legal Form: |
Compania Limitada |
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Email: |
jcniemann@jcniemann.com |
Registered in: |
GT |
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Website: |
http://www.jcniemann.com/ |
Date Created: |
May 4th, 1948 |
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Manager: |
Juan Niemann Enge, General Manager |
Date Incorporated: |
April 29th, 1961 |
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Staff: |
85 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Sale of industrial equipment |
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Management: |
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Juan Niemann Enge, General
Manager Cristopher Niemann, Operations
Manager Julio Sosa, Financial Manager Paola Hernandez, Assistant |
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Legal Filings |
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The sources consulted record no
detrimental legal or labor court information. |
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Public |
NO |
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Shareholders Parent Company(ies): |
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This is a private company. The
company's main shareholder is Juan Niemann Enge. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of industry The company has experience
working as a government supplier. Contracts awarded between 2005
and 2014: 14 Amount awarded between 2005 and
2014: GTQ 883 791.43 |
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Suppliers: |
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Degussa Mexico SA de CV (Mexico) |
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The company imports from Mexico,
Europe |
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The company does not export |
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Trade References: |
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It was not possible to obtain
trade references for this subject. |
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PAYMENTS |
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Unknown |
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DEBT COLLECTIONS AND PAYMENTS |
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Payments |
Unknown |
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RELATED COMPANIES: |
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The company has branches in El
Salvador and Honduras. |
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FINANCIALS - COMMERCIAL TRENDS
AND FORECAST |
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As a private company the
subject does not publish any financial statements. |
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We have contacted the company
but could not reach anyone who could provide us any financial data. |
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Comments on the financial data:
It was not possible to obtain financial data for this subject. |
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FINANCIAL SUMMARY |
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Profitability |
N.A. |
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Indebtedness |
CONTROLLED |
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Cash |
NORMAL |
N/a
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GEOPOLITICS - GUATEMALA |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 1,00 USD = 7,73950
GTQ |
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BANKS |
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Name of the Bank |
Banco Industrial |
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Comments |
This information was not
verified by the company. |
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BUSINESS HISTORY |
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The company was created in
Guatemala in 1948 and was incorporated in 1961. |
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PRINCIPAL ACTIVITY |
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Sale of industrial equipment |
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Products/Services description: |
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The company offers a wide
variety of equipment and supplies for the following industries: Textiles,
electrical, plastics and packing, chemicals |
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Brands: |
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Bayer AG, Farbwerke Hoechst AG,
Degussa AG, AEG AG, Ferrostahl AG Among others |
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Operations area: |
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National, Local |
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The subject employs 85
employee(s) |
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Comments on staff: |
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This information was not
verified by the company. |
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LOCATION |
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Headquarters |
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Calle Mariscal Cruz 10-69 Zona 5 Guatemala, Apartado Postal 290 |
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Comments on location: |
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This information was not
verified by the company. |
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Listed at the stock exchange: |
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NO |
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Final Opinion |
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This is a small Guatemalan
company that has been in operations since 1948. The company imports products
from abroad, so its future prospects will be tied to the ease of bringing
those products into the country. The company has branches abroad,
so it can have a larger market reach than its size would imply. The company has experience
working as a government supplier. We found no negative legal
antecedents in the local district court. |
APPENDIX
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Comments |
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We have attempted to contact
the company several times but could not reach anyone who could provide us the
required information. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
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Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.