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MIRA INFORM REPORT
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Report No. : |
489131 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIAL DE
ALIMENTOS EYL, S.A. |
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Registered Office : |
Anillo A Periferico Sur,Parque Ind.Periferico Calle A La Internacional
School, Francisco Morazan,Tegucigalpa, Sm, Honduras |
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Country : |
Honduras |
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Date of Incorporation : |
June 2007 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
Manufacturing and
distribution of ingredients, raw materials and food products. |
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No. of Employees : |
100 |
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 100 000 |
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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.
HONDURAS - ECONOMIC OVERVIEW
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing.
Honduras’s economy depends heavily on US trade and remittances. The US-Central America-Dominican Republic Free Trade Agreement came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms.
The economy registered modest economic growth of 3.1%-4.0% from 2010 to 2017, insufficient to improve living standards for the nearly 65% of the population in poverty. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Haiti signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
INDUSTRIAL DE
ALIMENTOS EYL, S.A. |
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Trade Name: |
INDUSTRIAL DE
ALIMENTOS |
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NIT: |
8019007088535 |
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Date Created: |
2007 |
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Date
Incorporated: |
June 2007 |
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Legal Address: |
ANILLO A
PERIFERICO SUR,PARQUE IND.PERIFERICO CALLE A LA INTERNACIONAL SCHOOL, FRANCISCO
MORAZAN,TEGUCIGALPA, SM, Honduras |
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Operative
Address: |
Anillo Periférico
Sur, calle a la International School, doblar a la izquierda 100 mts después
de DHL, última bodega a la derecha. |
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Telephone: |
(504) 2245-6237,
2245-6276 |
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Fax: |
(504) 2245-6237 |
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Legal Form: |
SOCIEDAD ANÓNIMA |
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Email: |
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Registered in:
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HONDURAS |
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Website: |
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Contact: |
Jose Hernan
Fajardo Diaz, Commercial Manager |
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Staff: |
100 |
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Industry: |
Food Ingredients
Industry |
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Banks |
Banco Central de
Honduras |
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The company does not
disclose its banking details |
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HISTORY |
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The company was
established in 2007. It is part of Eyl Comercial S.A. (ECSA). |
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PRINCIPAL
ACTIVITY
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It is dedicated to
the manufacturing and distribution of ingredients, raw materials and food
products. |
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Products/Services
description: |
OPA SPICES
ingredients and seasonings for the food industry, as well with the
distribution of raw materials and imported supplies and representing several
international companies. |
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Brands: |
Opa Spices |
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Sales are: |
Wholesale |
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Clients: |
Food Industry |
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Suppliers: |
IBERCHEM INTERNATIONAL FLAVORS & FRAGRANCES (MEXICO)SA DE CV Mexico SENSIENT COLORS SA DE CV |
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Operations
area: |
National |
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The company
imports from |
Colombia, China |
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The subject
employs |
100 employees |
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Payments: |
No Complaints |
LOCATION
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Headquarters :
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Anillo Periférico Sur, calle a la International School, doblar a la
izquierda 100 mts después de DHL, última bodega a la derecha. |
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Branches: |
San Pedro Sula |
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Related
Companies: |
Managua, Nicaragua |
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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: |
The company is part of: |
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Management: |
Jose Hernan Fajardo Diaz, Commercial Manager Daniel Adolfo Zelaya Valdavinos, Legal Representative |
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FINANCIAL
INFORMATION
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The company does not public its financial statements. Despite our long search, we could not confirm financial figures. |
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LEGAL
FILINGS
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Legal |
Resolution:
A.L.-094-2016 of Date 03-30-2016, Exp. SG-836-2015 Company: Industrial
de Alimentos EYL, S.A. DE C.V. Representative:
Daniel Adolfo Zelaya Valdavinos Subject:
Replenishment Appeal |
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Maximum Credit Provided |
USD 100 000 |
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SUMMARY
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It is dedicated to the manufacturing and distribution of ingredients,
raw materials and food products. |
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 100 000 |
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STATUS |
ACTIVE |
INTERVIEW
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NAME |
Carlos |
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POSITION |
Administrative |
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COMMENTS |
He confirmed NIT,
group, estimated staff, activity and legal representative. |
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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HNL |
1 |
INR 2.69 |
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 : |
KET |
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.