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MIRA INFORM REPORT
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Report No. : |
493005 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ACEFER Y COMPAÑIA LIMITADA |
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Registered Office : |
Carrera
32 No 9 – 24, Bogota D.C., 3176 |
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Country : |
Colombia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1982 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
The company is dedicated to the distribution and
marketing of steel for the metalworking industry. ·
The company's line
of business includes the retail sale of a number of basic hardware lines,
such as tools, housewares and household appliances. |
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No. of Employees : |
60 |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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Colombia |
A2 |
A2 |
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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 |
COLOMBIA - ECONOMIC OVERVIEW
Colombia heavily depends on energy and mining exports, making it vulnerable to fluctuations in commodity prices. Colombia is Latin America’s fourth largest oil producer and the world’s fourth largest coal producer, third largest coffee exporter, and second largest cut flowers exporter. Colombia’s economic development is hampered by inadequate infrastructure, poverty, narcotrafficking, and an uncertain security situation, in addition to dependence on primary commodities.
Colombia’s economy slowed in 2017 because of falling global oil prices and lower oil production due to insurgent attacks on pipeline infrastructure. Although real GDP growth averaged 4.7% during the past decade, it fell to an estimated 1.8% in 2017. Declining oil prices also have contributed to reduced government revenues. In 2016, oil revenue dropped below 4% of the federal budget and likely remained below 4% in 2017. A Western credit rating agency in December 2017 downgraded Colombia’s sovereign credit rating to BBB-, because of weaker-than-expected growth and increasing external debt. Colombia has struggled to address local referendums against foreign investment, which have slowed its expansion, especially in the oil and mining sectors. Colombia’s FDI declined by 3% to $10.2 billion between January and September 2017.
Colombia has signed or is negotiating Free Trade Agreements (FTA) with more than a dozen countries; the US-Colombia FTA went into effect in May 2012. Colombia is a founding member of the Pacific Alliance—a regional trade block formed in 2012 by Chile, Colombia, Mexico, and Peru to promote regional trade and economic integration. The Colombian government took steps in 2017 to address several bilateral trade irritants with the US, including those on truck scrappage, distilled spirits, pharmaceuticals, ethanol imports, and labor rights. Colombia hopes to accede to the Organization for Economic Cooperation and Development.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
ACEFER
Y COMPAÑIA LIMITADA |
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Trade Name: |
ACEFER
Y CIA LTDA ACEFER |
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NIT |
860511559 - 8 |
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Date created: |
1982 |
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Date Incorporated: |
1983-02-02 |
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Legal Address: |
Carrera
32 No 9 – 24 BOGOTA
D.C. 3176 Colombia |
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Operative Address: |
Carrera
32 9 24 Bogota,
602 Colombia |
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Telephone: |
7957500 - 3648181 3002123527 |
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Fax: |
7957500 - 3648181 3002123527 |
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Legal Form: |
Sociedad
de Responsabilidad Limitada (Limited
Liability Company) |
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Email: |
acefer@acefer.com.co acefersup@yahoo.com |
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Registered in: |
COLOMBIA |
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Website: |
www.acefer.com.co |
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Contact: |
Juan Bautista Aldana, Director And Legal Representative Maria Nelly Duque Rodriguez, Director Legal Representative |
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Staff: |
60 |
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Industry: |
4752 Retail sale of
hardware, paints and glass products in specialized stores 4690 Non-specialized wholesale
trade NAICS 1: Hardware Stores NAICS 2: All Other
Miscellaneous Store Retailers (except Tobacco Stores) NAICS 3: Other
Construction Material Merchant Wholesalers SIC 1: Hardware Stores SIC 2: Miscellaneous
Retail Stores, Nec SIC 3: Construction Materials,
Nec |
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BANKS
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BANCOLOMBIA |
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HISTORY
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The company was founded
in 1982 |
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Key Developments |
In its beginnings, the company specialized in light and
electrical hardware elements. After a few years of its inception, the company
specializes in steel for the metalworking industry. |
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PRINCIPAL ACTIVITY
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ACEFER Y COMPAÑIA LIMITADA
is a mid-sized organization in the hardware stores industry located in
Bogota, Colombia. |
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Products/Services
description: |
The company is dedicated to the distribution and
marketing of steel for the metalworking industry. The company's line of business includes the retail
sale of a number of basic hardware lines, such as tools, housewares and
household appliances. |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Texticom Cia Ltda Ecuador |
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Suppliers: |
HASCELIK SANAYI VE
TICARET ANONIM S Istanbul Viraj Profiles Ltd. India Corporacion Aceros Arequipa S.A. Peru NACIONAL DE COBRE SA DE CV Mexico |
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Operations area: |
National and
International |
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The company imports from |
Istanbul, India, Peru and Mexico |
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The company exports to |
Ecuador |
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The subject employs |
60 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Carrera 32 9 24 Bogota, 602 Colombia |
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Branches: |
The company does not have
branches |
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Related Companies: |
NA |
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Main Competitors: |
Alvarado Diaz Rosa Alicia Calle 69 B 71 B 84 Ap 202 Posada Pulido Jacqueline Avenida Villavicencio 81 10 Sur Rb Deposito Deposito de Materiales E.U. Carrera 32 37 53 Sur Moreno Gordo Harry Wilander Calle 28 Sur 21 A 21 Electroram Ltda. Carrera 12 14 84 |
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GROUP STRUCTURE
AND SUBSIDIARY COMPANIES
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Listed at the stock
exchange: |
NA |
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Capital: |
COP |
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Shareholders: |
This is a private company.
The company does not disclose information on shareholders. We could not
confirm major holders. |
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Management: |
Juan Bautista Aldana, Director And Legal Representative Maria Nelly Duque Rodriguez, Director Legal Representative Jaime Alberto Vargas Prada, Fiscal Reviewer Luz Yadira Echeverria Rodriguez, Alternate Fiscal Reviewer Olga Yanneth Aldana Duque, Director Erika Solange Aldana Duque, Director |
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FINANCIAL INFORMATION
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We
attach the company’s latest financial statements. |
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LEGAL FILINGS
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Lawsuits |
No found |
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OFAC Sanctions List Search |
The
company is not listed in the OFAC list. |
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SUMMARY
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Founded in 1982, ACEFER Y
COMPAÑIA LIMITADA is a mid-sized organization in the hardware stores industry
located in Bogota, Colombia. It has approximately 60
full-time employees. It mainly imports from
Istanbul, India, Peru and Mexico, and exports to Ecuador, operating within
national and international markets. This is an ACTIVE company
located in COLOMBIA and incorporated in 1983. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
John Flores |
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POSITION |
Reception |
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COMMENTS |
The person contacted
confirmed legal name, trade name, address, website, telephone, email,
principal activity and operations area. He could not provide neither
staff number nor major holders. He provided another
email: acefersup@yahoo.com |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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1 |
INR 90.41 |
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Euro |
1 |
INR 79.83 |
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COP |
1 |
INR 0.023 |
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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DIV |
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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
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
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.