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MIRA INFORM REPORT
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Report No. : |
488430 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TEXTILES LAFAYETTE SAS |
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Registered Office : |
Calle 15 72 95, Bogota, 621 |
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Country : |
Colombia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1942 |
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Legal Form : |
Sociedades Por Acciones Simplificadas Sas |
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Line of Business : |
Subject is large organization
in the knitting mills industry |
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No. of Employees : |
1,192 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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: |
TEXTILES LAFAYETTE SAS |
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Trade
Name: |
TELAS LAFAYETTE SAS LAFAYETTE SAS |
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NIT |
860001965 |
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Date
created: |
1942 |
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Date
Incorporated: |
1972-04-28 |
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Legal
Address: |
Calle 15 72 95 Bogota, 621 Colombia |
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Operative
Address: |
Calle 15 72 95 Bogota, 621 Colombia |
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Telephone:
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(571) 294-8880 |
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Fax: |
(571) 292-0710 |
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Legal
Form: |
SOCIEDADES POR ACCIONES SIMPLIFICADAS SAS |
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Email: |
servicioalcliente@lafayette.com Nahituo Serrato: nserrato@ lafayette.com |
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Registered
in: |
COLOMBIA |
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Website:
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www.lafayette.com |
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Contact: |
Correales
Rivas, Gustavo, Executive Manager and Legal Representative |
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Staff:
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1,192 |
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Industry: |
1311
Preparation and spinning of textile fibers 4751
Retail sale of textile products in specialized stores 6810
Real estate activities carried out with own or leased property 1410
Manufacture of clothing, except fur garments NAICS
1: Knit Fabric Mills NAICS
2: Offices of Real Estate Agents and Brokers NAICS
3: Clothing Accessories Stores NAICS
4: Fiber, Yarn, and Thread Mills SIC
1: Knitting Mills, Nec SIC
2: Real Estate Agents And Managers SIC
3: Miscellaneous Apparel And Accessory Stores SIC
4: Textile Goods, 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 1942 |
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PRINCIPAL
ACTIVITY
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Textiles Lafayette S.A.S. is a
large organization in the knitting mills industry located in Bogota,
Colombia. |
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Products/Services
description: |
It offers superior textile solutions
for markets that are sensitive to image and performance. The company is
specialized and focused on the markets of fashion, sportswear, uniforms,
endowments and decoration. Textiles for fashion,
sportswear, uniforms, decoration, industry and digital printing. |
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Brands: |
NA |
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Sales
are: |
Wholesale
and Retail |
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Clients: |
Maribel Shirley Cier Pino Bolivia Telas Lafayette De Guatemala Guatemala Lafayette Del Peru Sac Peru Texlafayette Sa. Ecuador Textiles Lafayette Sas Telas Lafayette Sas O
Lafayette Sas. Chile
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Suppliers: |
ROHM AND HAAS MEXICO SA CV Mexico Yokohama Polymer Co Ltd. Japan |
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Operations
area: |
National
and International |
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The
company imports from |
Mexico
and Japan |
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The
company exports to |
Worldwide |
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The
subject employs |
1,192
employees |
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Payments:
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Regular |
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LOCATION
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Headquarters
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Calle
15 72 95 Bogota,
621 Colombia |
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Branches: |
7 DE AGOSTO Cra 24 No. 63D-38 (57) (1) 235 9814 - (57) (1) 235 9808 -
(57) 312 456 7291 ÁLAMOS Diagonal 61 # 88 a 09 (57) (1) 4383395/90 - (57) 308 650 693 AV. BOYACÁ Transversal 72 # 13-75 (57) (1) 4117457 - 4116993 - (57) 320 865
0694 CALLE 150 Avenida 19 # 150 - 04 (57) (1) 258 5272 - (57) (1) 625 1072 -
(57) 311 276 2984 CEDRITOS Avenida 19 N° 134 - 62 (57) (1) 6156478 – 6156476 - (57) 312 456
7314 CENTRO NARIŃO Carrera 33 # 25 A - 55 (57) (1) 2697211 – 2697200 - (57) 320 865
0690 RICAURTE Calle 13 # 27 - 55 (57) (1) 2772863 -2477379 - (57) 320 865
0687 SUBA Avenida Calle 145 # 90 - 52(56) (57) (1) 681 0991 - (57) (1) 681 5676 -
(57) 320 865 0695 TOBERÍN Carrera 21 # 161 - 14 Esquina (57) (1) 674 47 57 - (57) (1) 678 89 70 -
(57) (1) 672 57 36 Exts. 6857 - 6858 MEDELLÍN Calle 34B N°66 A – 42 (57) (4) 2659300 – 2659842 – (57)
3219415673 MEDELLÍN CENTRO EMPRESARIAL Carrera 52 # 14 - 30. Centro empresarial
Olaya Herrera (57) (4) 2042287/88/89 FACATATIVÁ Calle 5 # 3 - 16, Facatativá, Cundinamarca (57) (1) 8427370 - (57) (1) 8427359 - (57)
(1) 8427353 SOACHA Carrera 7 No. 16 - 69, Soacha, Cundinamarca (57) (1) 712 0223 - (57) (1) 732 4190 -
(57) (1) 7221439 - (57) 313 211 2613 CHÍA Avenida Pradilla # 6 - 59E Local 103 (57) (1) 861 9057 - (57) (1) 861 3644 -
(57) 313 211 2178 BARRANQUILLA Carrera 52 # 72 - 94 el Prado (57) (5) 3565670 - 3450811. Cel: 3102295887 BUCARAMANGA Carrera 21 #34-58 - Centro (57) (7) 630 0340 - (57) (7) 630 0350 -
(57) 320 865 0691 IBAGUÉ Calle 14 # 2 - 24 Centro (57) (8) 263 6370 - (57) (8) 261 5759 -
(57) 320 865 0688 NEIVA Calle 6 # 5A - 32 (57) (8) 8712901 / 1309 - (57) 320 865 0689 SANTA MARTA Calle 23 # 6 - 18 local 7 & 8 C.C
Plazuela 23 (57) (5) 4200963 – 4200758 - (57) 311 276
3034 VILLAVICENCIO Carrera 31 # 39 - 27 centro (57) (8) 6623149 – 6621007 - (57) 320 865
0692 OFICINA DE PEREIRA PEREIRA 18137763 |
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Related
Companies: |
Office in COSTA RICA: San Juan de Tibas, de la McDonald's 50
metros al este diagonal a la estación de servicios JSM, LOC 2. Costa Rica Offices in MEXICO: Presidentes 177 Col Portales Sur Delegación
BENITO JUAREZ CP 03300 Tel:(52)
( 55 ) 5604 0913 – (52) ( 55 ) 5604 0766 Mexico Avenida 20 de noviembre numero 175 local 3
Colonia: Centro D. F . Delegación Cuauhtémoc Mexico Office in PERU: LIMA Avenida San Luis N°1982 – San Borja Norte Peru Offices in ECUADOR: OFICINA CUENCA José Burbano N°1-01 y Av. Ricardo Muńoz Tel: ( 593 ) ( 7 ) 2811832 – ( 593 ) ( 7 )
2883928 Ecuador OFICINA GUAYAQUIL CC Aventura Plaza local 12 Av. Las Monjas y
Av. Carlos Julio Arosemena Tel: (593) (4) 220 0306 – (593) (4) 220 0459
- (593) (4) 220 0181 Ecuador OFICINA QUITO Calle Viteri y San Alfonso esquina (sector
Calderón) Tel: (593) (2)
2829-541/2829-116/2023-870/2827-770 /2827-771. Telefax: Ext. 112-128 Ecuador PUNTO DE VENTA GUAYAQUIL Avenida Victor Emilio Estrada 918 entre
Ilanes e Higueras Tel: (593) (4) 388 55 03 / 388 55 39 / 388
54 69 / 90 - (+593) 999637767 Ecuador PUNTO DE VENTA QUITO NORTE Isla floreana # 112 e Isla Santa Fé Esquina Tel: 593 (2) 2251216 - 2251016 - +593
981260642 Ecuador PUNTO DE VENTA QUITO SUR Av. Mariscal Antonio José de Sucre y Alonso
de Angulo Tel:
593 (2) 5151355 – 5151356 - + (59)3 993710021 Ecuador |
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Main
Competitors: |
Quintero Jair Transversal 4 Oeste 3 78 Promotora Nacional de Comercio S A Calle 27 41-117 Productora de Telas y Confecciones en
Tejidos de Punto Ltda. Vasquez Sanchez Luis Fernando Calle 50 51 71 4 Ps Vargas Angarita Juan Manuel Calle 9 9 21 Sur |
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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
$35,000,000 |
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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:
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Correales
Rivas, Gustavo, Executive Manager and Legal Representative Gonzalez
Cifuentes, Luis Gabriel, Manager of Innovation and Development Perez,
Hector Fernando, Business and Sales Manager Pla
Garcia, Jose Luis, Production and Operations Manager Gerais
SA, Corporate and Commercial Manager Jose Gustavo Torres Triana, Fiscal
Reviewer Hernan
Torres Triana, Alternate Fiscal Reviewer Bernasconi
S.A. N/A, Main Board Of Directors Nayarit
S.A. N/A, Main Board Of Directors Gerais
S.A. N/A, Main Board Of Directors Lomza
S.A. N/A, Main Board Of Directors Gerais
Ltda , Alternate Legal Representative Nayarit
Ltda, Alternate Legal Representative |
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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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Trademarks |
LAFAYETTE Fabrics
in General Class
24 |
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SUMMARY
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Founded
in 1942, Textiles Lafayette S.A.S. is a large organization in the knitting
mills industry located in Bogota, Colombia. It
has approximately 1,192 full-time employees. It
mainly imports from Mexico and Japan, and exports worldwide, operating within
national and international markets. This
is an ACTIVE company located in COLOMBIA and incorporated in 1972. |
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 |
Leona |
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POSITION |
Operator |
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COMMENTS |
She
confirmed legal name, trade name, address, website, email, telephone,
principal activity and operations area. She
confirmed related companies and explained that the company has many branches
in Colombia. She
explained that Nahituo Serrato is capable of providing further information
about the company and gave her email: nserrato@
lafayette.com |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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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
: |
PRA |
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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
·
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.