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MIRA
INFORM REPORT
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Report No. : |
500354 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MULTICOMER S DE
RL |
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Registered Office : |
Col. Villa Eugenia, 14 Calle, 17 Avenida,
S.O., 1 Cuadra Atrás Del City Mall |
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Country : |
Honduras |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sociedad De Responsabilidad Limitada |
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Line of Business : |
Subject
dedicated to the import and commercialization of a wide range of spare parts
for 3 and 2 wheel motorcycles |
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No. of Employees : |
20 |
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 : |
Moderate |
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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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Honduras |
B2 |
B2 |
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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 |
HONDURAS - ECONOMIC OVERVIEW
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing.
Honduras’s economy depends heavily on US trade and remittances. The US-Central America-Dominican Republic Free Trade Agreement came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms.
The economy registered modest economic growth of 3.1%-4.0% from 2010 to 2017, insufficient to improve living standards for the nearly 65% of the population in poverty. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Honduras signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.
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Source
: CIA |
STATUTORY INFORMATION |
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Legal Name: |
MULTICOMER S DE RL |
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Trade Name: |
MULTICOMER |
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RTN: |
05019003086146 |
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Date Created: |
2003 |
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Date Incorporated: |
2003 |
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Legal Address: |
Col. Villa Eugenia, 14 Calle, 17 Avenida,
S.O. 1 Cuadra Atrás del City Mall. Honduras |
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Operative Address: |
Col. Villa Eugenia, 14 Calle, 17 Avenida,
S.O. 1 Cuadra Atrás del City Mall. Honduras |
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Telephone: |
(504) 2556-6269 - 2564-5380 |
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Fax: |
(504) 2556-6269 |
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Legal Form: |
SOCIEDAD DE RESPONSABILIDAD LIMITADA |
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Email: |
info@multicomer.com ventassps@multicomer.com |
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Registered in: |
HONDURAS |
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Website: |
www.multicomer.com |
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Contact: |
Jose Ernesto
Castejon Welchez, General Manager |
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Staff: |
20 |
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Activity: |
Import and
commercialization spare parts for motorcycles |
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BANKS: |
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The company does not make its
banking data public |
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HISTORY: |
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The company was founded in 2003 |
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PRINCIPAL ACTIVITY |
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Multicomer is
dedicated to the import and commercialization of a wide range of spare parts
for 3 and 2 wheel motorcycles in Indian, Japanese, Korean, American and
Chinese brands. |
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Products/Services description: |
PRODUCTS: Lubricants Motorcycle Parts Mototaxis spare
parts |
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Brands: |
Toyota Yamaha |
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Sales are: |
Wholesale and Retail |
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Clients: |
National companies and private customers |
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Suppliers: |
Varroc Engineering Private Limited India Suprajit Engineering Limited India |
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Operations area: |
National |
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The company imports from |
India |
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The company exports to |
No export records |
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The subject employs |
20 employees |
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Payments: |
No Complaints |
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LOCATION |
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Headquarters : |
Col. Villa Eugenia, 14 Calle, 17 Avenida,
S.O. 1 Cuadra Atrás del City Mall. Honduras |
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Comments: |
NA |
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Branches: |
Multicomer, Agencia SPS - Terminal Local NF-176 Frente a Transportes Mirna. Tel: (504)
2556-6269 Email:
ventas.terminal@multicomer.com Multicomer, Agencia La Entrada Barrio Miraflores, Plaza Virginia. Tel: (504) 2661-2549 Email: ventasec@multicomer.com Multicomer, Agencia Copán Ruinas Barrio El Centro, Avenida Los Jaguares,
Edificio Mayan Plaza. Tel: (504)
2651-3867 Email:
ventascr@multicomer.com |
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Related Companies: |
NA |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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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: |
Jose Ernesto Castejon Welchez, General
Manager |
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FINANCIAL INFORMATION |
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The company does not make its financial
statements public. Despite our long search, we could not
confirm financial figures for the subject. |
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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 2003, Multicomer is dedicated
to the import and commercialization of a wide range of spare parts for 3 and
2 wheel motorcycles in Indian, Japanese, Korean, American and Chinese brands. The company imports from India,
operating within national national markets. This has been an ACTIVE company
incorporated in HONDURAS in 2003. |
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 |
Nicole Venga |
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POSITION |
Assistant |
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COMMENTS |
She confirmed RTN
number, legal name, manager and estimated staff. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.80 |
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1 |
INR 92.26 |
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Euro |
1 |
INR 80.76 |
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HNL |
1 |
INR 2.75 |
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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VAR |
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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.