Company profile
Palmetto S.A.
RUC 0991424067001 · Guayaquil, Guayas
Registry data
- RUC
- 0991424067001
- Legal name
- PALMETTO S.A.
- Trade name
- MB MILANO BAGS
- Company type
- Stock corporation (S.A.)
- Size segment (SCVS)
- Microenterprise · 2025
- Incorporation date
- December 2, 1997
- Start of activities (SRI)
- December 2, 1997
- Subscribed capital
- $800
- Economic activity
- Retail sale of clothing accessories such as: gloves, ties, braces, including umbrellas, etc., in specialized stores
- ISIC code
- G4771.12
- Last year with filed statements
- 2025
- Address
- KM 1.5 Via a Samborondon 1, 171
- Location
- Guayaquil, Guayas
- Region
- Costa
- Phone
- 042833795
Financial statements
- Current ratio
- 4.83
- Debt ratio
- 4.4%
- Return on equity (ROE)
- 20.9%
The income statement · 2025
- Revenue $702
- Other income $10,000
- Cost of sales $2,352
- Net result $8,350
The 2025 figures do not add up at first sight: cost and expenses exceed the declared revenue and there is still a profit. The explanation is that the bulk of the billing sits under “other income” ($10,000) rather than in the revenue line. Figures are shown as filed, which is why this profile does not compute the margin or compare it against the previous year.
Balance sheet structure · 2025
What it owns
- Current assets $8,873 21%
- Non-current assets $32,845 79%
How it is financed
- Current liabilities $1,837 4%
- Non-current liabilities $0 0%
- Equity $39,880 96%
“Current” means within one year: what can be turned into cash, or what has to be paid, in that span.
| Year | Revenue | Net result | Assets | Equity | Employees |
|---|---|---|---|---|---|
| 2025 | $702 | $8,350 | $41,717 | $39,880 | 4 |
| 2024 | $3,458 | $97 | $41,748 | $41,199 | 2 |
| 2023 | $650 | −$314 | $42,122 | $41,103 | 2 |
| 2022 | $34,167 | $4,712 | $43,028 | $41,417 | 2 |
| 2021 | $20,327 | $1,528 | $55,147 | $44,601 | 5 |
| 2020 | $3,824 | −$6,979 | $53,401 | $46,070 | 4 |
| 2019 | $44,389 | $11,658 | $56,523 | $50,049 | 4 |
| 2018 | $0 | $1,234 | $61,337 | $37,116 | 6 |
| 2017 | $8,480 | $301 | $60,840 | $35,882 | 2 |
| 2016 | $29,767 | $389 | $58,939 | $35,666 | 2 |
| 2015 | $36,202 | $4,854 | $47,982 | $15,539 | 2 |
| 2014 | $152,429 | −$1,175 | $57,675 | $14,144 | 2 |
| 2013 | $235,725 | −$896 | $122,055 | $15,319 | 6 |
| 2012 | $265,811 | $2,635 | $115,167 | $16,418 | 1 |
| 2011 | $276,535 | $5,165 | $159,891 | $13,783 | 8 |
| 2010 | $180,314 | −$149 | $131,648 | $8,618 | 8 |
| 2009 | $131,697 | −$768 | $124,804 | $8,767 | 1 |
| 2008 | $124,329 | −$2,399 | $106,113 | $12,254 | 4 |
| 2007 | $119,165 | $3,283 | $117,879 | $12,034 | — |
| 2006 | $63,893 | $178 | $121,893 | $5,104 | — |
| 2005 | $58,133 | $337 | $76,298 | $4,927 | — |
| 2004 | $47,975 | $116 | $36,985 | $4,589 | — |
| 2003 | $65,554 | −$2,456 | $39,288 | $2,017 | — |
| 2002 | $86,986 | $183 | $60,444 | $1,578 | — |
| 2001 | $55,051 | −$4,705 | $50,610 | $43,805 | — |
| 2000 | $16,860 | −$1,765 | $14,003 | $13,597 | — |
In 2025 it recorded revenue of $702 and a net result of $8,350.
In its activity (ISIC code G4771, 131 companies with sales), the trade’s typical margin was 1.0%.
Values in US dollars, as filed with the Superintendencia de Compañías, Ecuador’s corporate regulator.
Tax status (SRI)
updated August 29, 2026- Phantom taxpayer: No
- Nonexistent transactions: No
- Tax regime
- General regime The set of rules under which it files its taxes
- Required to keep accounting books
- Yes
- Withholding agent
- No When paying third parties, it withholds taxes and remits them to the SRI
- Special taxpayer
- No Designated by the SRI for its size, with additional filing obligations
- Start of activities
- December 2, 1997
Establishments · 3 registered, 2 open
- HEAD OFFICE Guayas / Guayaquil / Rocafuerte / Junin 114 y Malecon Open
- Guayas / Samborondon / Samborondon / S/N Open
- Guayas / Samborondon / Tarifa / S/N Closed
Tax status according to the public records of the SRI (Servicio de Rentas Internas, the national tax authority). The risk designations are the SRI’s, not a rating by this site: phantom taxpayer means the SRI considers the company to have no real activity at its declared address, and nonexistent transactions means it invoiced operations the SRI determined never took place.
Where it operates
It has 2 open establishments in Guayas, plus 1 closed.
Alfredo Baquerizo Moreno · 0 companiesBalao · 0 companiesBalzar · 0 companiesColimes · 0 companiesCoronel Marcelino Maridueña · 0 companiesDaule · 0 companiesDurán · 0 companiesEl Empalme · 0 companiesEl Triunfo · 0 companiesGeneral Antonio Elizalde · 0 companiesGuayaquil · 1 companiesIsidro Ayora · 0 companiesLomas de Sargentillo · 0 companiesMilagro · 0 companiesNaranjal · 0 companiesNaranjito · 0 companiesNobol · 0 companiesPalestina · 0 companiesPedro Carbo · 0 companiesPlayas · 0 companiesSalitre · 0 companiesSamborondón · 1 companiesSanta Lucia · 0 companiesSimón Bolívar · 0 companiesYaguachi · 0 companies Point at or tap a canton to see its figure
Cantons of the province; the tone follows the count. Each canton links to its listing. Boundaries: geoBoundaries (CC BY 4.0).
Cantons with a presence
- Samborondon 1 location
- Guayaquil head office 1 location
Establishments declared to the SRI (Servicio de Rentas Internas, the national tax authority), updated August 29, 2026. The location is the province and canton on record, not each site’s exact address.
Activity classification (ISIC)
- Wholesale and retail trade; repair of motor vehicles and motorcycles
- Retail trade, except of motor vehicles and motorcycles
- Retail sale of other goods in specialized stores
- Retail sale of clothing, footwear and leather articles in specialized stores
- Retail sale of clothing accessories such as: gloves, ties, braces, including umbrellas, etc., in specialized stores
Frequently asked questions
What is the RUC of Palmetto S.A.?
The RUC (taxpayer registration number) of PALMETTO S.A. is 0991424067001, according to Ecuador’s public corporate registry.
Is Palmetto S.A. active?
Yes. Its legal status in the registry is Activa.
What trade name does Palmetto S.A. use?
It operates under the trade name MB MILANO BAGS, according to the SRI’s RUC registry.
What does Palmetto S.A. do?
Its registered economic activity (ISIC G4771.12) is: Retail sale of clothing accessories such as: gloves, ties, braces, including umbrellas, etc., in specialized stores
Where is Palmetto S.A. located?
Its registered address is in Guayaquil, province of Guayas, Ecuador.
When was Palmetto S.A. incorporated?
It was incorporated on December 2, 1997, as a stock corporation (s.a.).
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Corporate information from official public records of Ecuador · where this data comes from