|
Report No. : |
341821 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRIGORIFICOS BAHIA SRL |
|
|
|
|
Registered Office : |
Ave Los
Beisbolistas 122, Santo Domingo, Distrito Nacional, República Dominicana |
|
|
|
|
Country : |
Dominican Republic |
|
|
|
|
Date of Incorporation : |
2006 |
|
|
|
|
Legal Form : |
Sociedad De Responsabilidad Limitada |
|
|
|
|
Line of Business : |
The company operates as a distributor of frozen meats, seafood, vegetables,
precooked food. |
|
|
|
|
No. of Employees : |
30 |
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 : |
Small Company |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Dominican Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DOMINICAN REPUBLIC - ECONOMIC OVERVIEW
The Dominican Republic has long been viewed primarily as an exporter
of sugar, coffee, and tobacco, but in recent years the service sector has
overtaken agriculture as the economy's largest employer, due to growth in
telecommunications, tourism, and free trade zones. The mining sector has also
played a greater role in the export market since late 2012 with the
commencement of the extraction phase of the Pueblo Viejo Gold and Silver mine.
The economy is highly dependent upon the US, the destination for approximately
half of exports. Remittances from the US amount to about 7% of GDP, equivalent
to about a third of exports and two-thirds of tourism receipts. The country
suffers from marked income inequality; the poorest half of the population
receives less than one-fifth of GDP, while the richest 10% enjoys nearly 40% of
GDP. High unemployment and underemployment remains an important long-term
challenge. The Central America-Dominican Republic Free Trade Agreement
(CAFTA-DR) came into force in March 2007, boosting investment and exports and
reducing losses to the Asian garment industry. The Dominican Republic's economy
rebounded from the global recession in 2010-14, and the fiscal situation is
improving. A tax reform package passed in November 2012 and a reduction in
government spending helped to narrow the central government budget deficit from
6.6% of GDP in 2012 to 2.7% in 2014. A successful government bond placement in
2013 and 2014 helped finance the deficit. A liability management operation in
January 2015, in which the government paid down over $4 billion of the country’s
Petrocaribe debt, at a discount of 52% with proceeds from the sale of $2.5
billion in global bonds, reduced the country’s debt load by approximately by
3.3% of GDP.
|
Source
: CIA |
STATUTORY INFORMATION
|
|
|
Legal Name: |
FRIGORIFICOS BAHIA
SRL |
|
Trade Name: |
Stive Frigorificos Bahia |
|
RNC: |
130-251-134 |
|
Date Created: |
2006 |
|
Date Incorporated: |
2006 |
|
Legal Address: |
Ave Los Beisbolistas 122 Santo Domingo, Distrito Nacional República Dominicana |
|
Operative Address: |
Ave Los Beisbolistas 122 Santo Domingo, Distrito Nacional República Dominicana |
|
Telephone: |
809 379 2250 |
|
Fax: |
809 379 1734 |
|
Legal Form: |
Sociedad de Responsabilidad Limitada |
|
Email: |
frigorificos@fbahia.com |
|
Registered in: |
Dominican Republic |
|
Website: |
www.fbahia.com |
|
Contact: |
Don Alejandro Zuazua, General Manager |
|
Staff: |
30 |
|
Activity: |
Food Wholesalers Industry |
|
|
|
|
BANKS |
Banco Central de la República Dominicana |
|
|
|
|
|
The company does not make its banking details
public |
|
|
|
|
History: |
|
|
|
The company was established in 2006 |
|
|
|
PRINCIPAL ACTIVITY
|
|
|
|
The company operates as a distributor of frozen
meats, seafood, vegetables, precooked food. |
|
Products/Services description: |
CHUM SALMON SALMON COD RAPE S / SKIN BRILL BASS TROUT PRIME MEAT RES LIPON RIBEYE RES STRIPLOIN 0X1 PRIME MEAT MEAT RES (fillet) TENDERLOIN PRIME 5UP ANGUS BEEF CHOICE RES LIPON RIBEYE ANGUS BEEF CHOICE RES STRIPLOIN 1X1 TURKEY BREAST SHRIMP 41-50 BLACK-TIGER SHRIMP 2-4 BLACK-TIGER SHRIMP 4-6 BLACK-TIGER SHRIMP 6-8 8-12 BLACK-TIGER SHRIMP BLACK-TIGER SHRIMP 16-20 BAHIA BLACK-TIGER SHRIMP 21-25 BAHIA FROZEN BROCCOLI FROZEN COULIFLOWER FROZEN PEAS CORN FROZEN FROZEN SPINACH LEAVES GREEN SPINACH CHURROS Frozen potato snacks Cod Croquettes FROZEN Frozen chicken nuggets FROZEN ham croquettes CROQUETAS ART. FROZEN COD HANDMADE CAKES FROZEN CHICKEN FROZEN STRAWBERRIES frozen blueberries FROZEN CHERRIES FROZEN MELON BALLS FROZEN RASPBERRIES FROZEN BERRIES FROZEN BLACKCURRANT |
|
Brands: |
Stive Frigorificos Bahia |
|
Sales are: |
Wholesale |
|
Clients: |
Supermarkets, Restaurants, Hotels |
|
Suppliers: |
HOANG HAI CO., LTD Vietnam |
|
Operations area: |
National and International |
|
The company imports from |
Vietnam |
|
The company exports to |
No exports |
|
The subject employs |
30 employees (confirmed by the company) |
|
Payments: |
No Complaints |
|
|
|
LOCATION
|
|
|
Headquarters : |
Ave Los Beisbolistas 122 Santo Domingo, Distrito Nacional República Dominicana |
|
Branches: |
The company does not have branches |
|
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
This is a private company. The owner is Don
Alejandro Zuazua |
|
Management: |
Don Alejandro Zuazua, General Manager Nancy Brioso, Accountant Miguel Paulino, Sales Manager |
|
|
|
FINANCIAL INFORMATION
|
|
|
|
The company does not disclose its financial
figures. |
|
|
|
LEGAL FILINGS
|
|
|
|
|
|
|
There are no legal connected to the subject |
|
|
|
SUMMARY
|
|
|
|
The company operates as a distributor of frozen
meats, seafood, vegetables, precooked food. The company has 9 years of experience in the
market with a small sized structure; it has increased its size in the last
years. The company mainly imports from Asia and Works
for the national market without negative. |
|
|
|
RISK INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
Miguel Paulino |
|
POSITION |
Sales Manager |
|
COMMENTS |
He confirmed address, staff, managers, ownership,
activity, clients, Suppliers. He refused to provide financial figures. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.