|
|
|
MIRA
INFORM REPORT
|
Report No. : |
501132 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRUPO INDUSTRIAL ALIMENTICIO SA |
|
|
|
|
Registered Office : |
Km. 26.5 Carretera Al Pacifico , Entrada A Amatitlan Zona 0, Ciudad De |
|
|
|
|
Country : |
Guatemala |
|
|
|
|
Date of Incorporation : |
20.07.1999 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
The company is engaged in the import, distribution, transportation of
raw materials for the manufacture, exportation, distribution, purchase sale,
food commercialization, raw materials for preparing foods, products produced
and semi-prepared. |
|
|
|
|
No. of Employees : |
358 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
US$50,000.00 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Guatemala |
B1 |
B1 |
|
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 |
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.
|
Source : CIA |
Company name and address
|
COMPANY NAME |
GRUPO INDUSTRIAL ALIMENTICIO SA |
|
TRADE NAME |
GRUPO ALZA |
|
TAX ID. TYPE |
NIT |
|
TAX ID. NUMBER |
2235830-7 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Km. 26.5 Carretera Al Pacifico , Entrada A Amatitlan Zona 0 |
|
CITY/PROVINCE/STATE |
Ciudad De Guatemala |
|
PHONE NUMBER(S) |
(502) 6628.8000 |
|
FAX NUMBER(S) |
(502) 6628.8010 |
|
EMAIL |
|
|
WEBSITE |
|
|
REMARKS OF
IDENTIFICATION |
Other mails: gilmar.giron@grupoalza.com This report was requested with address: Km. 26.5 Carretera Al
Pacifico, Entrada A Amatitlan, Guatemala C.A. Central America, Sola. Please
notice that the correct data is shown above. |
CREDIT OPINION |
|
Industrial and Commercial Company with 17 years in the market and
deemed to be operating normally. It has a wide experience it its sector and
solid commercial operations. Therefore, it is considered suitable for a
credit of US$50,000.00 Dollars. |
LEGAL INFORMATION
|
TYPE OF COMPANY |
Stock Company |
|
INCORPORATION
DATE |
20/07/1999 |
|
CITY OF
REGISTRATION |
Guatemala |
|
REGISTRY NUMBER |
Deed No. 14 |
|
NOTARY |
Juan Antonio Martinez Rodriguez |
|
TERM |
Indefinite |
|
INITIAL CAPITAL |
Q. 5,000.00 Quetzals
|
|
LISTED AT STOCK
EXCHANGE |
No |
BACKGROUND
Founding partners: Don Roberto and Dońa María Anita
Bueso.
LEGAL ASPECTS
The company is considered as a “great company”.
On 07/20/2019 the company was constituted by deed No.
114.
On 07/29/1999 it was provisionally registered in the
Trade Registry of Guatemala.
On 07/29/1999 it was registered in the Superintendency
of Tax Administration (SAT).
On 08/27/1999 it was definitely registered in the
Trade Registry of Guatemala.
The total number of
shareholders and the stake percentage held by each could not be obtained
directly from the company.
COMMENTS ON RELATED COMPANIES
The company is part
of the ALZA group, which is dedicated to the preparation of all kinds of food
and beverages.
RELATED
COMPANIES
|
COMPANY NAME |
TAX ID. NUMBER |
COUNTRY |
|
CORBUMA CORPORATION |
RUC 2151181-1-765342 |
PANAMA |
|
TECNISPICE SA |
CJ. 3-101-640471 |
COSTA RICA |
|
TECNISPICE SA DE CV |
RUC TECNISPICE |
SALVADOR |
BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
BUESO DERAS, ESTUARDO ROBERTO |
Legal Representative |
|
|
BUESO MATHEU, STEPHEN ALEJANDRO |
Legal Representative |
|
|
ALVARADO, MARCELA |
Human Resources |
|
DATA OF BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
BUESO DERAS, ESTUARDO
ROBERTO
Guatemalan, ID No. 2534359940101, NIT No. 104716-7
BUESO MATHEU, STEPHEN
ALEJANDRO
Guatemalan, ID No. No 2576455510101, NIT No. 819593-5
OPERATIONS
|
SECTOR |
G- Wholesale and Retail; Repair of Motor Vehicles and Motorcycles |
|
ACTIVITY |
Distribution of raw materials |
|
ISIC CATEGORY |
46- Wholesale Trade, Except for Vehicles and Motorcycles |
|
ISIC CLASS |
4620- Wholesale of Agricultural Raw Material and Living Animals |
|
MAIN ACTIVITY |
The company is engaged in the import, distribution, transportation of
raw materials for the manufacture, exportation, distribution, purchase sale,
food commercialization, raw materials for preparing foods, products produced
and semi-prepared. |
|
% SALES IN CASH |
30% |
|
% SALES ON
CREDIT |
70% (terms at 15-30-60 days) |
|
% TERRITORY OF
SALES |
Domestic and foreign market |
|
N. OF EMPLOYEES |
358 |
LOCATION
ADMINISTRATIVE OFFICE, LEGAL DOMICILE, PRODUCTION
PLANT and STORAGE: Located at caption address in a commercial zone of the city
with easy access. Premise with an area of 10,000 sq.m.
No branches reported.
COMMENTS AS TO OPERATIONS
The company
participates and is provider through public lenders, tenders and acquisitions
in institutions and state entities.
CORPORATE PURPOSE: it
is the constant development of personalized formulas according to the needs of
customers.
Since 2003 the group
acquired the brand of snack's “cashita's”, with more than 40 years of being in
the market. Currently he is a leader in the Central American region in the
category of nuts and seeds, with a focus on snack's of natural products.
They work under the
ISO 22,000 work scheme that contributes to the time of carrying out
transformation and storage operations of products.
Business Hour: Monday to Friday from 8:00 am to 5:00
pm
House Brands: “HARPP”, “SASSON”, “CASHITA´S”, “PET FOOD”.
The company offers different products such as:
-
Condiments and spices in powder: basil, garlic powder,
cinnamon, onion, nail, cumin, chili
-
Snacks: nuts, mixed nuts, potatoes and greaves,
bananas and yucca, peanut.
-
Full spices: black pepper, cinnamon, chili, laurel.
-
Packaged: simple olives, black olives, olives with
anchovies, caps, and filled olives.
Main Clients:
-
CORPORACION BEKAX,
S.A. DE C.V. (MEXICO)
-
NESTLE DE COLOMBIA SA (COLOMBIA)
-
Among others
Main Competitors:
-
AMERICA GARCIA
-
ANA VELASQUEZ DE SON
-
LUIS DOMINGO ZARAZUA
-
PASESA SA
-
TECNISPICE INTERNACIONAL SA
-
Among others
The company imports
condiment mixture, instruments and supplies for the determination of chemical
substances, proteins, seeds and spicy seeds, spices or extracts, herbs and
spices and extracts from Japan, China, USA and Canada. It also exports to Costa
Rica, El Salvador, Honduras, Mexico, Colombia, USA, Nicaragua, Ecuador, and
Panama.
FINANCIAL INFORMATION
We had an interview with Ms. Marcela Alvarado (Human Resources Manager)
who provided general and commercial information of the company except for
financials on grounds of confidentiality.
No financials were found through external sources.
FINANCIAL COMMENTS
Balance sheet filing
date: December 31.
FIXED ASSETS
The company owns:
-
Office furniture
-
Plant
-
Buildings
-
Laboratory equipment and machinery
-
Cutting machines
-
Packing machines
-
Molds machines
-
Mixing machines
-
Computer equipment
-
Transport vehicles
-
Tools, etc.
INSURANCE
The company holds an
all risk insurance policy with SEGUROS G&T SA (unspecified coverage amount
and expiry date).
PAYMENTS REFERENCES
|
FOREIGN
SUPPLIERS |
Country |
Phone Number |
Contact Name |
|
ITUCHU CORPORATION |
Japan |
(81-3) 3497.2121 |
|
|
PRIME SEEDS INTERNATIONAL INC |
Canada |
(1-604) 990.2500 |
|
|
REEPHOS CHEMICAL CO. LTD |
China |
|
|
COMMENTS OF SUPPLIERS
Names of local providers were not revealed since they
are eventual producers.
BANKS
|
Bank Name |
Country |
Phone Number |
|
BANCO DE AMERICA CENTRAL SA (BAC) |
Guatemala |
|
|
BANCO G&T CONTINENTAL SA |
Guatemala |
|
|
BANCO FICOHSA GUATEMALA SA
(ANTES BANCO AMERICANO SA) |
Guatemala |
|
BANK REFERENCES
Consulted Banks do
not provide information of its clients on grounds of confidentiality.
LITIGATIONS
OFAC - US Office of Foreign Assets Control
Agency dependent on the Office of Terrorism and Financial Intelligence
of the US Ministry of Finance. (Internal Revenue Service-IRS) that administers
and applies economic sanctions imposed by the United States against different
countries or individuals. These sanctions are based on the country's foreign
policy and national security objectives; and they are used to prevent
countries, entities and individuals from using the US financial system for
purposes against US policy and its national security objectives.
GRUPO INDUSTRIAL ALIMENTICIO SA
is not sanctioned.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
GTQ |
1 |
INR 8.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SYL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.