3decades

MIRA INFORM REPORT

Report No. :	486307
Report Date :	18.01.2018

IDENTIFICATION DETAILS

Name :	CASTILLO CASTILLO JOSE FELIPE

Registered Office :	31 Calle 1-59 Zona 12, Colonia "El Carmen"

Country :	Guatemala

Date of Incorporation :	1995

Legal Form :	Sole Proprietorship

Line of Business :	Subject is a small company dedicated to the wholesale while changing a remuneration or contract

No. of Employees :	2

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Small Company

Payment Behaviour :	Slow but correct

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Guatemala

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION

Legal Name:

CASTILLO CASTILLO JOSE FELIPE

Trade Name:

PROCOMER

PROCOVA

NIT:

499968-1

CUI:

1995947750101

Date Created:

1995

Date Incorporated:

1995

Legal Address:

31 Calle 1-59 Zona 12, Colonia "El Carmen", Guatemala

Operative Address:

31 Calle 1-59 Zona 12, Colonia "El Carmen" Guatemala

Telephone:

00502 22124593

Fax:

00502 22124593

Legal Form:

Sole Proprietorship

Email:

Registered in:

Guatemala

Website:

The company does not have a website

Contact:

CASTILLO,CASTILLO,,JOSE,FELIPE

Staff:

Activity:

WHOLESALE WHILE CHANGING A REMUNERATION OR CONTRACT

BANKS:

The company does not make its data bank public.

HISTORY

The company was founded in 1995

PRINCIPAL ACTIVITY

CASTILLO,CASTILLO,,JOSE,FELIPE is a small company dedicated to the wholesale while changing a remuneration or contract

Products/Services description:

Wholesale while changing a remuneration or contract

Brands:

Sales are:

Wholesale

Clients:

National companies and General Public

Suppliers:

Operations area:

National

The subject employs

2 employees

Payments:

Slow but correct

LOCATION

Headquarters :

31 CALLE 1-59 ZONA 12, COLONIA "EL CARMEN"

GUATEMALA

Branches:

The company does not have branches

Related Companies:

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

Capital:

Shareholders:

This is a private company. Major holder is CASTILLO,CASTILLO,,JOSE,FELIPE

Management:

CASTILLO,CASTILLO,,JOSE,FELIPE

FINANCIAL INFORMATION

This is a private company which does not make its financial figures public.

Despite our long search, we could not confirm financial information about the company.

LEGAL FILINGS

Adjudications

Year Award and / or Publication	Quantity	Ammount	Quantity	Ammount
2017	1	180,000.00	1	180,000.00
2016	1	180,000.00	1	180,000.00
2015	1	180,000.00	1	180,000.00
2014	1	180,000.00	1	180,000.00
Totales	4	720,000.00	4	720,000.00

Cases

No found

SUMMARY

Founded in 1995, CASTILLO,CASTILLO,,JOSE,FELIPE is a small company dedicated to the wholesale while changing a remuneration or contract

It has 2 full-time employees.

The company operates within national markets.

This has been an ACTIVE company incorporated in GUATEMALA in 1995.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

Active

INTERVIEW

NAME

POSITION

COMMENTS

We called the company and a woman answered. She confirmed legal name and telephone. She said that CASTILLO, JOSE, FELIPE was not in the city. We asked her if she could provide an email or further information about the company but she said she was not allowed to do so. She did not provide her name.

We called again in order to speak with CASTILLO,,JOSE,FELIPE but nobody answered.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.97
UK Pound	1	INR 88.13
Euro	1	INR 78.35
GTQ	1	INR 8.67

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.