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MIRA INFORM REPORT
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Report No. : |
488783 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CORPORACION INTERPACK SOCIEDAD ANONIMA |
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Registered Office : |
12 Avenida B 3-65 Zona 1
Residenciales El Cerrito, Ciudad de Guatemala |
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Country : |
Guatemala |
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Date of Incorporation : |
27.08.2013 |
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Legal Form : |
Stock Company |
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Line of Business : |
Subject is
engaged in Wholesale in exchange of a remuneration or through contract. |
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No. of Employees : |
4 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
CORPORACION
INTERPACK SOCIEDAD ANONIMA |
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TRADE
NAME |
CORPORACION
INTERPACK |
|
TAX
ID. TYPE |
NIT |
|
TAX
ID. NUMBER |
84647906 |
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CURRENT
STATUS |
Active |
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MAIN
ADDRESS |
12 Avenida B 3-65 Zona 1
Residenciales El Cerrito |
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CITY/PROVINCE/STATE |
Ciudad
de Guatemala |
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PHONE
NUMBER(S) |
(502)
2251.6863 |
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FAX |
(502)
2292.3800 |
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EMAIL |
ventas@interpack.com.gt |
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WEBSITE |
www.interpack.com.gt |
CREDIT
OPINION
|
|
Small-sized
company engaged in the import of machinery that seems to be operating
satisfactorily within a competitive market. |
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PAYMENT |
No Complaints |
LEGAL
INFORMATION
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TYPE
OF COMPANY |
Stock
Company |
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INCORPORATION
DATE |
27/08/2013 |
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CITY
OF REGISTRATION |
Ciudad
de Guatemala |
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REGISTRATION |
Deed
No. 50 |
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NOTARY |
Leda Gilda Alicia Echeverria
Barillas |
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INITIAL
CAPITAL |
Q.
5,000.00 Quetzales |
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TERM |
Unlimited |
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LISTED
AT STOCK EXCHANGE |
No |
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB
TITLE |
STAKE |
|
ESTRADA
HIDALGO, ALEXANDER SAMUEL |
Legal
Representative |
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CASASOLA,
ARTURO |
General
Manager |
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|
DE
GUILLEN, JUDITH |
Management
Assistant |
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DATA
OF THE BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
ESTRADA
HIDALGO, ALEXANDER SAMUEL
Guatemalan.
CUI 2218923970101. NIT 8511535.
CASASOLA,
ARTURO
Guatemalan.
Graduate from Universidad de San Carlos of Guatemala.
OPERATIONS
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SECTOR |
G-
Wholesale and Retail; repair of Motor Vehicles and Motorcycles |
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ACTIVITY |
Sale
of packaging materials |
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ISIC
CATEGORY |
46-
Wholesale, except motor vehicles and motorcycles |
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ISIC
CLASS |
4610-
Wholesale in exchange of a remuneration or through contract |
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MAIN
ACTIVITY |
Sale
of packaging materials for the conversion and printing industry, industrial
machinery, as well as pharmaceutical and agrochemical industry. Commercialized
brands: “ADMIX”, “CMP”, “FUTURA”, “NIMCO”, “SIDE”, “DNC”, among others. |
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%
SALES IN CASH |
20% |
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%
SALES ON CREDIT |
80%
(terms at 30 days) |
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%
TERRITORY OF SALES |
50
(domestic market) |
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%
FOREIGN SALES |
50%
(All Central America and Mexico) |
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%
FOREIGN PURCHASES |
100% |
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N.
OF EMPLOYEES |
4 |
LOCATION. –
ADMINISTRATIVE
OFFICES AND SALES: Located at caption address. Premise kept in good repair in a
commercial zone of the city.
Former address: Km. 30.5 Carretera
Ca-9 Sur, Parque Industrial Zeta La Union Interior Zona Franca, Zona 0,
Amatitlan.
COMMENTS AS TO OPERATIONS. –
CORPORATE
PURPOSE: Wholesale in exchange of a remuneration or through contract.
The
company conducts operations directly.
Main clients:
UNIPHARM DE MEXICO SA DE CV
(Mexico)
COLGATE PALMOLIVE GUATEMALA SA
UNILEVER
CENTROAMERICA SA
NESTLÉ
GUATEMALA SA
Main competitors:
QUALIPACK SA
EMPAQUES Y COMPLEMENTOS SA
THERMOPLASTICA
SA
It
imports packaging machinery materials from USA, Mexico and India through direct
credit at 30 and 60 days.
FINANCIAL
INFORMATION
We
interviewed Ms. Judith Guillen (Management Assistant) who provided commercial
information on the company, except for financial data on grounds of
confidentiality.
No
financial figures could be obtained through outside sources.
FIXED
ASSETS. –
It
owns office furniture and furnishings, computer equipment, among others.
PAYMENTS
REFERENCES
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SUPPLIER |
FOREIGN
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START
OF THE BUSINESS |
Several
years ago |
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CREDIT
LIMIT |
Confidential |
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PRODUCTS/SERVICES |
Packaging
materials |
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COMMENTS |
Supplier: SMI CENTROAMERICANA
SA DE CV |
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FOREIGN
SUPPLIERS |
COUNTRY |
PHONE
NUMBER |
CONTACT
NAME |
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SMI CENTROAMERICANA SA DE CV |
Mexico |
(52-55)
5355.3870 |
Balvina
Perez |
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ACG
PHARMAPACK PVT LTD |
India |
(91-21)
6930.5252 |
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NIMCO
CORPORATION |
USA |
(1.815)
459.4200 |
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COMMENTS OF SUPPLIERS. –
The
company does not register credit experience in the local market since all purchases
are made from foreign houses.
BANKS
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BANK
NAME |
COUNTRY |
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BANCO DE AMERICA CENTRAL SA |
Guatemala |
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BANCO INDUSTRIAL SA |
Guatemala |
BANK
REFERENCES
The
bank consulted does not provide information of its clients on grounds of confidentiality.
LITIGATION
The company does not register lawsuits against it.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.54 |
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|
1 |
INR 89.82 |
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Euro |
1 |
INR 78.86 |
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GTQ |
1 |
INR 8.65 |
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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NIY |
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Report Prepared
by : |
DNS |
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.