CONFIDENTIAL REPORT
DATE:                                            REFERENCE No.:  
Company Name:	
Trade Style:		
Address:  

State/ Province:	Guatemala
Postal:			
Telephone:		
Fax:			
Legal Status:			Term of Duration:   
Related Companies: 

HISTORY:

Started:		1897		As:  
Current or Present Name Since:	1978
Expedient:   1157	  Register No. 400  	 Folio:  512     Book:   2
NIT: 457982-6

MANAGEMENT:
PRESIDENT:            Mr. Julio René Medina Peñate 
LEGAL REPRESENTATIVE: Mr. Luis Ricardo Coronado Padilla
SHAREHOLDERS:         Mrs. Irma Guadalupe Ovalle Madrid  
                      Mrs. María Elena Arriola Mejia
General Manager:      Mr. Roberto Guillermo Estrada Lara, Since: July 1994, 
                      Born: 1938, Nationality: Guatemalan, Marital Status: Married

LINE OF BUSINESS:
WHOLESALERS, RETAIRLERS, IMPORTERS, EXPORTERS, LOCAL PURCHASE AND SALE OF 
GENERAL MERCHANDISE, SUCH AS ELECTRIC ARTICLES, CONSTRUCTION ARTICLES, HOME 
ARTICLES, GARDERN ARTICLES, DECORATIVES, TOYS, GLASS WARE ARTICLES, HARDWARE 
ARTICLES, ETC.

Sales: Cash: 80%  Credit: 20 %  Sales Credit Terms: 30 days
Wholesaler:  XX	Retailer: XX
Sales Territoy :  Guatemala, Central America, Caribbean

PREMISES:
Own: XX Rent:  Month:
Industrial Zone:  XX   Commercial Zone:  Residencial Zone:  Agricultural Zone:
Admin. Empoyees:  60  Sales: 25  Other: 10

FINANCE:

Note:  All quantities are in Quetzales ( Guatemala´s National Currency )
Q.7.83 PER U$1.00

Initial Capital:
Current Capital:  250,000,000.00
Paid in Capital:  110,000,000.00
Capital Increase: 110,000,000.00

Date:  July 19, 1999
Official Annual ( XX ) Monthly ( ) Statement, Estimates ( )
Fiscal Period: January 1, 1998 to December 31, 1998

Current Assets:          521,888,500.00      Sales:              920,121,088.00
Fixed Assets:          1,065,395,302.00      Cost Sales:         704,156,162.00
Deferred:                    518,482.00      Operation Expenses:  83,239,317.00
Total Assets:          1,587,802,284.00      Other Expenses:      18,662,606.00
                                             Tax:                 13,905,860.00
Current Liab.:           523,440,675.00      Profits:            100,157,143.00
Other Liab.:             512,440,675.00      
Total Liab.:           1,035,686,047.00
Capital And Reserves:    552,116,237.00
Total Liab.. & N.W.:   1,587,802,284.00

Insurance:	GENERAL, S.A.
Againts: 	ALL RISK

BANKING REFERENCES:

BANCO INDUSTRIAL, S.A.
BANCO AGRICOLA MERCANTIL, S.A.
BANCOR, S.A.
LLOYD'S BANK PLC.

LOCAL SUPPLIERS:

INCESA: Several yrs, credit line: Q.200,000.000, 30 day terms, good payment
DURALITA: Since several yrs, credit line Q.300,000.00, 30 day terms, good payment
SERVICIOS INDUSTRIALES ROLANDO PAZ: Fiduciary Loan: Q.3,000,000.00, good payment
DIDEMA: Limit Q.1,000,000.00, they use Q.2,500,000.00, 30 day terms, good payment

FOREIGN SUPPLIERS:

COMPLEMENTOS SA DE CV  EL SALVADOR 
DE LUCA BRAZIL
HAFELE GERMANY
BLACK AND DECKER USA
STANLEY INTERNATIONAL MIAMI
VIDRIERIA SANTA MARAINA BRAZIL
ACE HARDWARE USA
TANDY CORP. USA

OBSERVATIONS:

This is a large sized business, that is well established and has operated since 
1899, and enjoys good standing locally. Its products and service are well known 
througout the area.  Seems to be under capable management.