MIRA INFORM REPORT

Report No. :	487206
Report Date :	22.01.2018

IDENTIFICATION DETAILS

Name :	AMERICA INOXIDABLE S.A.S.
Registered Office :	Zona Franca Rionegro Bodegas 154 & 155, Rionegro, Antioquia
Country :	Colombia
Date of Incorporation :	06.05.2016
Legal Form :	Sociedades Por Acciones Simplificadas
Line of Business :	The company imports and distributes products made of metal.
No. of Employees :	4

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Relatively New Company
Payment Behaviour :	Unknown
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)
Colombia	A2	A2

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

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.

Source : CIA

STATUTORY INFORMATION
Legal Name:	AMERICA INOXIDABLE S.A.S.
Trade Name:	AMERICA INOXIDABLE
NIT:	900969616 - 0
Date Created:	2016
Date Incorporated:	06/05/2016
Legal Address:	Zona Franca Rionegro Bodegas 154 & 155, Rionegro, Antioquia, Colombia
Operative Address:	Zona Franca Rionegro Bodegas 154 & 155, Rionegro, Antioquia, Colombia
Telephone:	57-3106411130
Fax:	57-3106411130
Legal Form:	Sociedades Por Acciones Simplificadas
Email:	alfonsorojasart@gmail.com
Registered in:	Colombia / Oriente Antioqueno
Website:	(Under construction)
Contact:	Rojas Tecalco Alfonso Enrique , General Manager
Staff:	4
Industry:	Steel Service Centers & Other Metal Wholesalers Discount Department Stores
Banks	BANCOLOMBIA
	The company does not disclose its banking details
HISTORY
	The company was established in May 2016.
PRINCIPAL ACTIVITY
	The company imports and distributes products made of metal.
Products/Services description:	STAINLESS STEEL BARS SIMPLY OBTAINED OR COLD FINISHED
Brands:	NA
Sales are:	Wholesale
Clients:	Metal Industry
Suppliers:	SHREE JAY JAGDAMBA STAINLESS STEEL LTD. India
Operations area:	National and Internacional
The company exports to	Worldwide
The subject employs	4 employees
Payments:	Unknown
LOCATION
Headquarters :	ZONA FRANCA RIONEGRO BODEGAS 154 & 155, RIONEGRO, ANTIOQUIA, COLOMBIA
Branches:	Additional related address
Related Companies:	The company does not have related companies.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NA
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	ROJAS TECALCO ALFONSO ENRIQUE , General Manager
FINANCIAL INFORMATION
	There are no financial due to its short experience
	Foreign trade in the last 5 years: Imports: Shipments: 17 US $: 248,813 Exports: It does not register shipments.
LEGAL FILINGS
	No legal records.
SUMMARY
	AMERICA INOXIDABLE SAS was established in 2016 in Bogotá, Colombia. The company manufactures and distributes metal products mainly. It employs 4 employees. It is in good standing, without negative records. However, with only 1 year of experience in the market.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	NA
POSITION	Administrative
COMMENTS	The person contacted confirmed current address of main activities of the subject, the name of the general manager and the experience of the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.72
UK Pound	1	INR 88.64
Euro	1	INR 78.14
COP	1	INR 0.023

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

INFORMATION DETAILS

Analysis Done by :	NIS
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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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