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MIRA
INFORM REPORT
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Report No. : |
496774 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
CHARRY
TRADING S.A.S |
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Registered Office : |
CL 59 SUR No 16B 23 Bogota, 305 |
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Country : |
Colombia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1975 |
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Legal Form : |
Sociedades Por Acciones Simplificadas SAS |
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Line of Business : |
Subject is wholesale
distribution of animal feeds, fertilizers, agricultural chemicals, and other
farm supplies. |
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No. of Employees : |
65 |
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 (30.09.2017) |
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: |
CHARRY TRADING
S.A.S |
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Trade Name: |
CHARRY TRADING |
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NIT |
900403334 - 1 |
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Date created: |
1975 |
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Date Incorporated: |
2010-12-21 |
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Legal Address: |
CL 59 SUR No 16B 23 Bogota, 305 Colombia |
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Operative Address: |
Av. Guabinal calle 60 Centro Comercial
Acqua Power Center Oficina 1101 – Ibagué Tolima – Colombia |
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Telephone: |
(+57) 2770981 (+57) 3105625242 / 3212359726 |
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Fax: |
(571) 570-1308 |
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Legal Form: |
SOCIEDADES POR ACCIONES SIMPLIFICADAS SAS |
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Email: |
info@charrytrading.com
revisorfiscal@charrytrading.net |
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Registered in: |
COLOMBIA |
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Website: |
www.charrytrading.com |
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Contact: |
Charry Martinez Adolfo, Legal Representative and Main Board Of
Directors Parra De Charry Gladys, Alternate Legal Representative and Main Board Of Directors |
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Staff: |
65 |
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Industry: |
4620 Wholesale trade of agricultural raw materials; live animals 0141 Breeding of cattle and buffalo 4923 Road freight transport NAICS 1: Other Farm Product Raw Material Merchant Wholesalers NAICS 2: Cattle Feedlots SIC 1: Farm-Product Raw Materials, Nec SIC 2: |
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BANKS |
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BANCOLOMBIA |
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HISTORY |
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The company was
founded in 1975 |
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PRINCIPAL ACTIVITY
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Charry
Trading S A S is a mid-sized organization in the farm-product raw materials
companies industry located in Bogota, Colombia. |
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Products/Services description: |
The company's line
of business includes the wholesale distribution of animal feeds, fertilizers,
agricultural chemicals, and other farm supplies. It is a company
dedicated to the processing and commercialization of sub-products of the meat
industry MAIN PRODUCTS: SKINS CHARRY TRADING
acquires skins of Cattle of the breeds: Cebu - Brahman and Normando in the
main capitals of the center of the country and selects them for distribution
to different markets. BEEF SUET CHARRY TRADING
collects: Greasy Fabrics, Bones and Waste; which processes with the latest
technology machinery. |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
PENTAGON COMMODITIES INC. China Model Exims India Sapa Spa Italy |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
No import records |
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The company exports to |
China, India and Italy |
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The subject employs |
65 employees |
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Payments: |
No Complaints |
LOCATION
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Headquarters : |
Av. Guabinal calle 60 Centro
Comercial Acqua Power Center Oficina 1101 – Ibagué Tolima – Colombia |
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Branches: |
ARMENIA – QUINDIO BOGOTÁ – CUNDINAMARCA CALI – VALLE DEL CAUCA FLORENCIA – CAQUETA HONDA – TOLIMA IBAGUÉ – BUENOS AIRES IBAGUÉ – COMBEIMA MANIZALES – CALDAS POPAYÁN – CAUCA YOPÁL – CASANARE VILLAVICENCIO |
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Related Companies: |
NA |
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Main
Competitors: |
Guerrero Martinez Raul Mercado Corabastos Bg 29 Pt 158 Vergara Jimenez Ramiro Autopista Sur 66 78 Ofc 130 Alvarez Ramirez Luis Carrera 19 C 52 80 Sur Moreno Gutierrez Pedro Antonio Carrera 16 I 59 A 23 Sur Collazos Quintero Soledad Diagonal 2 A Sur 6 53 |
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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: |
Charry Martinez Adolfo, Legal Representative and Main Board Of
Directors Parra De Charry Gladys, Alternate Legal Representative and Main Board Of Directors Guarnizo Escobar William, Fiscal Reviewer Charry Parra Oscar Eduardo, Main Board Of Directors Charry Parra Gustavo Adolfo, Main Board Of Directors Juan Jose Rondon, Operational
Coordinator Juan Pablo Peña Vallecilla,
Digital Communication Rafael Moreno Cediel, National Production Coordinator Johanna Aroca Lozano, Commercial Assistant |
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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 records 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 1975, Charry Trading S A S is a mid-sized organization in
the farm-product raw materials companies industry located in Bogota,
Colombia. It has approximately 65 full-time employees. It mainly exports to China, India and Italy, operating within national
and international markets. This is an ACTIVE company located in COLOMBIA and incorporated in
2010. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we called
the company several times, the person in charge of providing information
about the company was not present, so we could not confirm further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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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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VIV |
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Report Prepared
by : |
TRU |
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.