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MIRA INFORM REPORT
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Report No. : |
488991 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL IMPORT SPICES, SOCIEDAD ANONIMA DE CAPITAL VARIABLE |
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Registered Office : |
Calle concepcion 644, san salvador. El salvador C.A. |
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Country : |
El Salvador |
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Date of Incorporation : |
09.07.2012 |
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Legal Form : |
Sociedad Anonima De Capital Variable |
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Line of Business : |
Subject is engaged in the import and distribution of
spices, seeds and garlic. |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 80 000 |
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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.
EL
SALVADOR - ECONOMIC OVERVIEW
The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. With the global recession, real GDP contracted in 2009 and economic growth has since remained low, averaging less than 2% from 2010 to 2014, but recovered somewhat in 2015-17 with an average annual growth rate of 2.4%. Remittances accounted for approximately 17.1% of GDP in 2016 and were received by about a third of all households.
In 2006, El Salvador was the first country to ratify the Dominican Republic-Central American Free Trade Agreement, which has bolstered the export of processed foods, sugar, and ethanol, and supported investment in the apparel sector amid increased Asian competition. In September 2015, El Salvador kicked off a five-year $277 million second compact with the Millennium Challenge Corporation - a US Government agency aimed at stimulating economic growth and reducing poverty - to improve El Salvador's competitiveness and productivity in international markets.
The Salvadoran Government maintained fiscal discipline during post-war reconstruction and rebuilding following earthquakes in 2001 and hurricanes in 1998 and 2005, but El Salvador's public debt, estimated at 68.1% of GDP in 2017, has been growing over the last several years. Total external debt was about 60% of GDP in 2017.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
GLOBAL IMPORT SPICES, SOCIEDAD ANONIMA DE
CAPITAL VARIABLE |
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Trade Name: |
GLOBAL IMPORT SPICES |
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NIT: |
06140607121026 |
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Date Created: |
2012 |
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Date Incorporated: |
09/07/2012 |
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Legal Address: |
CALLE CONCEPCION 644, SAN SALVADOR. EL
SALVADOR C.A. |
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Operative Address: |
CALLE CONCEPCION 644, SAN SALVADOR. EL SALVADOR C.A. |
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Telephone: |
00 503 22217067 / 2221-7086 |
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Fax: |
00 503 22217067 |
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Legal Form: |
SOCIEDAD ANONIMA DE CAPITAL VARIABLE |
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Email: |
magalyflores_79@yahoo.com |
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Registered in: |
EL SALVADOR |
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Website: |
NA |
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Contact: |
RAMOS LOPEZ, MILTON ALBERTO |
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Staff: |
10 |
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Activity: |
Wholesale Sector Industry |
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Banks: |
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The company does not disclose its banking
details |
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History: |
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The company started business in 2012 |
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PRINCIPAL
ACTIVITY
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The company is engaged in the import and
distribution of spices, seeds and garlic. |
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Products/Services description: |
Spices |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Companies |
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Suppliers: |
CANFARM PULSE INC Canada LEGUMEX WALKER CANADA INC. Canada JABS INTERNATIONAL PVT. LTD. India |
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Operations area: |
National |
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The company imports from |
Canada, India |
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The company exports to |
No export |
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The subject employs |
10 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
CALLE CONCEPCION 644, SAN SALVADOR. EL SALVADOR C.A. |
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Branches: |
The company has no branches |
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Related Companies: |
NA |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
$ 10,000.00 |
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Shareholders: |
This is a private company. We could not
confirm major holders. |
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Management: |
RAMOS LOPEZ, MILTON ALBERTO, Legal
Representative JESSICA MAGALY FLORES GUTIERREZ,
Administrative Manager SALAZAR LOPEZ, CARLOS MANUEL |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. The following information has been provided by private sources: |
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USD 2016 |
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Estimated Net Assets |
260,300 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
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CASES |
No records found |
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Maximum Credit Provided |
USD 80 000 |
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SUMMARY
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Founded in 2012, GLOBAL IMPORT SPICES,
S.A. DE C.V is a small organization located in El Salvador. The company has 10 full time employees. GLOBAL IMPORT SPICES, S.A. DE C.V has a low
commercial profile, not being listed with yellow pages or major credit
bureaus. However, it is ACTIVE in business
without negative records. |
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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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SUGGESTED CREDIT LINE |
USD 80 000 |
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STATUS |
Active |
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INTERVIEW
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NAME |
Jessica Magaly |
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POSITION |
Administrative Manager |
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COMMENTS |
She confirmed address, NIT, experience,
capital and estimated staff. She refused to provide more information- |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.69 |
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1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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USD |
1 |
INR 63.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.