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MIRA
INFORM REPORT
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Report No. : |
488344 |
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Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
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Name : |
M.B. PARTES SA |
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Registered Office : |
2A Calle 3-16, Zona 9, Ciudad de |
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Country : |
Guatemala |
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Date of Incorporation : |
24.10.2005 |
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Legal Form : |
Stock Company |
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Line of Business : |
Trade of parts, pieces and accessories of vehicles. |
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No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Guatemala |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GUATEMALA - ECONOMIC OVERVIEW
Guatemala is the most populous country in Central America with a GDP per capita roughly half the average for Latin America and the Caribbean. The agricultural sector accounts for 13.5% of GDP and 31% of the labor force; key agricultural exports include sugar, coffee, bananas, and vegetables. Guatemala is the top remittance recipient in Central America as a result of Guatemala's large expatriate community in the US. These inflows are a primary source of foreign income, equivalent to over one-half of the country's exports and one-tenth of its GDP.
The 1996 peace accords, which ended 36 years of civil war, removed a major obstacle to foreign investment, and Guatemala has since 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 23% of the population lives in extreme poverty. Poverty among indigenous groups, which make up more than 40% of the population, averages 79%, with 40% 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 facing growing fiscal pressures, exacerbated by
multiple corruption scandals that led to the resignation of the president, vice president, and numerous high-level
economic officials in 2015.
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Source
: CIA |
Company name and address
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COMPANY NAME |
M.B. PARTES SA |
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TAX ID. TYPE |
NIT |
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TAX ID. NUMBER |
4434908 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
2A Calle 3-16, Zona 9 |
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CITY/PROVINCE/STATE |
Ciudad de Guatemala |
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PHONE NUMBER(S) |
(502) 2203.5100 |
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REMARKS OF IDENTIFICATION |
No e-mail addresses or websites were found. This report was requested with company name: M B
PARTER SOCIEDAD ANONIMA, and address: 20 A Calle Numero 3-16 Zone G,
Gautemala City, Guatemala. Please notice that the correct data is shown
above. |
CREDIT OPINION |
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12-year-old company deemed to be operating normally.
No detrimental records were found. Not having further information, we suggest
to deal all operations under fully secured terms. |
LEGAL INFORMATION
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TYPE OF COMPANY |
Stock Company |
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INCORPORATION DATE |
24/10/2005 |
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CITY OF REGISTRATION |
Ciudad de Guatemala |
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TERM |
Unlimited |
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LISTED AT STOCK EXCHANGE |
NO |
LEGAL ASPECTS
The registration information could not be obtained
from direct nor outside sources.
RELATED COMPANIES |
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COMPANY NAME |
TAX ID. NUMBER |
COUNTRY |
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IMPORTADORA
MURSAL SA |
NIT
53611926 |
GUATEMALA |
BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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SALAZAR MURGA, LUIS PEDRO |
Legal Representative/Manager |
YES |
DATA OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
SALAZAR MURGA, LUIS PEDRO
Guatemalan, ID No. 2427401540101. NIT No. 4193318.
OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Motor Vehicles
and Motorcycles |
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ACTIVITY |
Trade of parts for vehicles |
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ISIC CATEGORY |
45- Wholesale and retail; repair of motor vehicles
and motorcycles |
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ISIC CLASS |
4530- Sale of parts, pieces and accessories for
motor vehicles |
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MAIN ACTIVITY |
Trade of parts, pieces and accessories of vehicles. |
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% SALES IN CASH |
80% |
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% SALES ON CREDIT |
20% (terms at 30 days) |
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% TERRITORY OF SALES |
100% (nationwide) |
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% DOMESTIC PURCHASES |
100% |
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N. OF EMPLOYEES |
2 |
LOCATION
ADMINISTRATIVE AND SALES OFFICES: Located at the
heading address, in commercial zone of the city of easy access. Spacious
premises.
COMMENTS AS TO OPERATIONS
It trades its products to the general public.
FINANCIAL INFORMATION
In recent interview, Mr. Luis Salazar (Legal
Representative/Manager) impolitely refused to provide any kind of information
on grounds of confidentiality.
Therefore, all the information comprised in this
report has been gathered from outside sources.
No financial statements were obtained through outside
sources.
FIXED ASSETS
Office furniture and equipment
Other assets
INSURANCE
No insurance policies were reported.
PAYMENTS REFERENCES
COMMENTS OF
SUPPLIERS.-
Possible consulted local suppliers do not register the
company as credit client. Seemingly, its purchases are made in cash.
BANKS
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Bank Name |
Country |
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BANCO
INDUSTRIAL SA |
Guatemala |
BANK REFERENCES
Consulted bank does not provide information of its
clients on grounds of confidentiality.
LITIGATIONS
No lawsuits were filed against the company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.08 |
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1 |
INR 91.34 |
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Euro |
1 |
INR 80.03 |
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GTQ |
1 |
INR 8.72 |
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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PRI |
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Report Prepared
by : |
SYL |
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
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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
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Industry
scenario / competitor analysis
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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.