MIRA
INFORM REPORT
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Report Date : |
21st June 2006 |
IDENTIFICATION DETAILS
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Name : |
MASONITE CHILE SA |
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Registered
Office : |
Ruta Q-50 Km 1.1/2
Cabrero, Biobio, CHILE |
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Country : |
CHILE |
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Date of
Incorporation : |
20/12/1995 |
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Legal Form : |
Closely-held Corporation |
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Line of
Business : |
Manufacturers of wood
doors, boards and windows |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : MASONITE CHILE SA
TRADE NAME : "MASONITE SA"
TAXPAYER REGISTRATION : RUT 96773280-K
OPERATING STATUS :
Active
MAIN ADDRESS : Ruta Q-50 Km 1.1/2 Cabrero
CITY/PROVINCE/STATE : Biobio
COUNTRY : CHILE
TELEPHONE : (5643)40.4400
FAX : (5643)40.4401
E - MAIL : apesce@masonite.cl
WEB SITE : www.masonite.cl
QUALIFICATION
RATING :
ELIGIBLE FOR MODERATE CREDITS
PAYMENTS :
PAYMENTS USUALLY PROMPT
LEGAL BACKGROUNDS
LEGAL STATUS : Closely-held Corporation
DATE OF INCORPORATION : 20DEC1995
REGISTERED IN : Santiago
NOTARY OFFICE : Jara Cadot, Félix
DURATION : Indefinite
CURRENT PAID-IN CAPITAL :
Ps$19,515,600,000.= Pesos
LAST CAPITAL INCREASE : 13NOV2003
TYPE OF SHARES : Registered
LISTED AT STOCK EXCHANGE :
No
CURRENT EXCHANGE RATE : Ps$543.65 per 1.00 US Dollar
HISTORY
Incorporated on 20.12.1995 under the initial name FIBRAMOLD SA.
By Public Deed of date 25.07.2002, a change of name was implemented to
MASONITE CHILE SA.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
MORRISON, JAMES President
VEJAR MOURGUES, JORGE Director/General
Mg
PAUL BERNARDS, JORGE Director
PESCE SUTTER, ADAMO Finance
Manager
CID, LEONARDO Technical
Manager
GOYCOLEA, PEDRO Logistic
Manager
CIFUENTES, MARIO Production
Chief
FERNANDEZ HERNANDEZ, JAIME General
Manager 0.10%
MASONITE CHILE HOLDINGS SA Shareholder 99.90%
RELATED COMPANY(IES)
COMPANY NAME COUNTRY RELATION
MASONITE CHILE HOLDINGS SA CHILE Parent
Co.
BUSINESS
MAIN ACTIVITY .-
Wood doors, boards and windows manufacturers.
IMPORT : Yes Germany, Argentina,
Brazil, Canada, Finland, Holland, England, Mexico, Sweden, Turkey, USA
Annual Imports in US $(CIF) :
Year Amount
2006
704,330.00
2005
4,725,909.00
EXPORT : Yes to Argentina, Belize,
Bolivia, Brazil, Canada, China, Colombia, Costa Rica, El Salvador,The Philippines,Guatemala,India,Ireland,Mexico,New
Zealand
Annual Exports in US $(FOB) :
Year Amount
2006
8,592,258.00
2005
27,110,631.00
% FOREIGN SALES(COUNTRIES): 62%
SELLING TERRITORY : National and international market
EMPLOYEES : 130
FACILITIES .-
Premises : Own
Valued in :Ps$1,836,131,000.
Equipment : Suitable for their line of activities
Condition : Construction in good condition, located in
commercial area
Use : Legal Domicile, Offices
and Plant
Remarks and other Premises .-
Commercial Office:
- Napoleón 3200 Oficina 403, Providencia Santiago.
COMMENTS .-
Sales are performed 100% on wholesale level.
Besides, Subject exports it production to Pakistan, Panama, Peru,
Puerto Rico, Sweden, Taiwan, Thailand, Trinidad & Tobago, USA, Uruguay,
Venezuela, Vietnam and Ecuador.
FINANCIAL INFORMATION
With a great deal of trouble, we spoke to Mr. Adamo Pesce Sutter, but
claiming confidentiality policy he confirmed only basic information he deemed
convenient, which was supplemented with data obtained through different external sources of consultation and from
official registry offices as well, but financial statements or figures of
thiscompany couldn't be obtained.
MASONITE CHILE is a large firm in its sector, privately-held, with more
than 10 years of operations. Subject enjoys a good commercial reputation in
local trading and financial circles. No adverse information was learnt during
investigation.
DETAILS OF MAIN ASSETS .-
- Office equipment and furnishings
- Computer equipment
- Plant and offices (operating site), Roll Nº 206-127.
- Motor vehicles
- Machinery: Presses, painting line, machines, power saws, etc.
INSURANCE .-
Company Against
LIBERTY CIA DE SEGUROS GENERALES SA Diverse
risks
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly Average _ Terms(days)) Performance? _ Time _ Supplier
1 Ps$ Undisclosed Ps$ Not informed Short-term Prompt 8 years Domestic
2 Ps$ Undisclosed Ps$ Not specified 30 days Prompt 10 years Domestic
3 Ps$ Undisclosed Ps$ Not informed 30 days Prompt 5 years Domestic
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier _
ABASTECEDORA DE COMBUSTIBLES SA
ANDINOS SA
BASF CHILE SA
CLARIANT COLORQUIMICA (CHILE) LTDA
COMPAÑIA DE PETROLEOS DE CHILE COPEC SA
ENERGIA VERDE SA
FORESTAL MININCO SA
OXIQUIM SA
CREDIT RISK CENTRAL .-
No protested bills, rejected checks due to insufficient funds, credit
delinquencies,
defaults, labor infringements or tax arrears are reported against name
of this company.
LAWSUITS ? .-
We didn't find legal actions brought against this company.
BANKING INFORMATION
BANKERS
Bank
BANCO DE CREDITO O INVERSIONES
SCOTIABANK SUD AMERICANO
Subject centralizes its financial transactions through the
aforementioned banks. Additional information was refused.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses
adequate working capital. No caution needed for credit transaction. It has
above average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors
are apparent. Repayment of interest and principal sums in default or expected
to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit
risk exists. Caution needed to be exercised |
Credit not
recommended |