MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
INGENIERIA Y MAQUINARIAS S.A. |
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Registered Office : |
Rosario Sur Nro. 91,
oficina 203, Las Condes, Santiago de Chile |
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Country : |
Chile |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
09.03.1999 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Representation and
distribution of machinery and equipment for industrial sectors. |
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 : INGENIERIA Y MAQUINARIAS
S.A.
TRADE NAME : "IMAQSA "
TAXPAYER REGISTRATION : RUT 96.686.470-K
OPERATING STATUS :
Active
MAIN ADDRESS :
Rosario Sur Nro. 91, oficina 203, Las Condes
CITY/PROVINCE/STATE : Santiago de Chile
COUNTRY :
CHILE
TELEPHONE :
(562)224.5550
FAX :
(562)201.2836
E - MAIL
: michel.guidi@imaqsa.cl
WEB SITE :
www.imaqsa.cl
SUMMARY
Incorporation : 1999
Operating Status :
Active
Shareholders' Equity : Ps$.193,963,415.= Pesos
(AL 31.12.2006)
Annual Sales : 607,128,716.00 Pesos
Finantial Situation : SATISFACTORY
Employees : 8
CR-Rating : Satisfactory
Payments : Usually to terms/good
QUALIFICATION
RATING :
Satisfactory
PAYMENTS :
Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION : 09MAR1999
REGISTERED IN :
Santiago de Chile
INITIAL CAPITAL :
US$50,000.= Dollars
SHAREHOLDERS' EQUITY : Ps$193,963,415 Pesos (as of 31/12/2006)
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$495.40 per USD1
COMMENTS -
Shareholders structure
was not specified but found out Michel Guidi Guillon and Bernardita Bresciani
are the majority shareholders.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
LUCERO, PEDRO Director Yes
MARECAUX, MARCELO Director Yes
BRESCIANI,
BERNARDITA Director Yes
GUIDI GUILLON,
MICHEL President/Gen.Manager Yes
BUNSTER, ENRIQUE Commercial Manager Yes
WHO IS WHO ?
LUCERO, PEDRO
NATIONALITY : Chilean
MARECAUX, MARCELO
NATIONALITY : Chilean
BRESCIANI, BERNARDITA
NATIONALITY : Chilean
GUIDI GUILLON, MICHEL
NATIONALITY : Chilean
BUNSTER, ENRIQUE
NATIONALITY : Chilean
RELATED COMPANY(IES)
COMPANY NAME COUNTRY RELATION
INMOBILIARIA E
INVERSIONES IMAQSA LTDA. CHILE Related
BUSINESS
MAIN ACTIVITY -
Representation and
distribution of machinery and equipment for industrial sectors: Agriculture,
packing, food, beverages, cement, mining, plastics, fishery, ports, cosmetics,
pharmaceuticals and quality control.
IMPORT : Yes France, USA, Holland, Sweden, Canada, Denmark,
Argentina, Belgium
Annual
Imports in US $(CIF) :
Year Amount
2004 497,618.00
2005 880,291.00
2006 660,811.00
EXPORT : Yes Countries were not specified
Annual
Exports in US $(FOB) :
Year Amount
2005 2,797.00
2006 13,928.00
% CASH SALES/METHOD : 35%
% CREDIT SALES/TERMS : 65% within 30 and 60 days
% DOMESTIC PURCHASES : 1%
% FOREIGN PURCHASES : 99%
SELLING TERRITORY : Domestic market and abroad to a lesser extent
EMPLOYEES :
8
FACILITIES -
Premises : Own
Use
: Headquarters and commercial offices
Remarks
and other Premises -
Premises are owned by the
related company INMOBILIARIA E INVERSIONES IMAQSA LTDA. Subject has other facilities located at
Rosario Sur Nº91, Ofic. 103, Las Condes, Santiago de Chile, also owned by the
related company.
COMMENTS -
Subject is a retail
company.
Major clients include:
- AGRICOLA CRAN CHILE
LTDA.
- AGROINDUSTRIAL CEPIA
LTDA.
- AGROINDUSTRIAL SURFRUT
LTDA.
- AGROINDUSTRIAL Y
COMERCIAL SURFRUT LTDA.
- ASI CHILE S.A.
- BASF CHILE S.A.
- CALAF S.A.
- CEMENTOS BIO BIO S.A.
- CERVECERIA CHILE S.A.
- CIA. MOLINERA SAN
CRISTOBAL
- CLARIANT COLORQUIMICA
(CHILE) LTDA.
- COMERCIAL C Y P S.A.
- CONSERVERA PENTZKE S.A.
- CORPORA TRES MONTES
S.A.
- DANISCO CULTOR S.A.
- DAVID DEL CURTO S.A.
- ECUSA
- EMBOTELLADORA COCA COLA
POLAR S.A.
- EMBOTELLADORAS CHILENAS
UNIDAS S.A.
- EMPRESAS CAROZZI S.A.
- ENVASES CERRILLOS LTDA.
- ENVASES EL BELLOTO S.A.
- ENVASUR S.A.
- FALCONBRIGDE
- FANZALOZA S.A.
- FRUTEX S.A.
- INACESA S.A.
- INDUCROM
- INESA CHILE S.A.
- LABORATORIO BALLERINA
LTDA.
- LABORATORIO CHILE S.A.
- MINERA DEL ALTIPLANO
- MINERA ESCONDIDA
LIMITADA
- MOLIBDENOS Y METALES
S.A.
- NESTLE CHILE S.A.
- OXIQUIM S.A.
- PUERTO PANUL S.A.
- SOCIEDAD PESQUERA RALUN
S.A.
- SOCIEDAD QUIMICA
NACIONAL "SOQUINA" S.A.
- UNILEVER BESTFOODS CHILE
S.A.
- UNILEVER CHILE S.A.
- VITAL S.A.
FINANCIAL INFORMATION
Michel Guidi Guillon
(General Manager), supplied general operating information, including main
accounts of the Balance Sheet for the Fiscal Year closed on December 31, 2006,
expressed in Pesos.
BALANCE
SHEET DATE : 31DEC2006
TYPE OF
BALANCE SHEET : Annual
BALANCE
SHEET OF : 12 months
CURRENCY : Pesos
EXCHANGE
RATE PER US$ : 534.20
ASSETS
TOTAL
CURRENT : 380,307,302.00
FIXED
: 31,619,378.00
TOTAL
ASSETS : 411,926,680.00
LIABILITIES
TOTAL
CURRENT : 217,963,265.00
TOTAL
EQUITY : 193,963,415.00
TOTAL
LIABILITIES : 411,926,680.00
SALES : 607,128,716.00
PROFIT
(LOSS) : 60,302,279.00
LIQUIDITY RATIO : 1.74 (Current
Assets/Current Liabilities)
DEBT-TO-EQUITY
RATIO: 88.99% (Shareholders'equity/Current Liabilities)
PROFITABILITY
MARGIN: 9.93% (Profits/Sales)
WORKING CAPITAL :
162,344,037.00 (Current
Assets - Current Liabilities)
FINANCIAL SITUATION : SATISFACTORY
Based on the last
Financial Statement, Subject's Financial Position is considered satisfactory.
Liquidity ratio is adequate and is over average. Working capital is good and allows company to meet payments
promptly. Relation between shareholders' equity and obligations is acceptable.
Economic results have been satisfactory.
INSURANCE –
Company Against
MAPFRE No
specified
PAYMENTS RECORD
TRADE REFERENCES -
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically.
Supplier
ADS
AXON-STYROTECH
BMA NEDERLAND
BONFIGLIOLI
BOSCH
BUFFALO WIRE WORKS
CAMBRIDGE
CASSEL
COMMERCIAL
MANUFACTURING
DCL
DMN WESTINGHOUSE
EUROPACK
FERRUM
FLEXICON
HEBOLD
IMETA
LANICO
LAUDENBERG
LTG MAILAENDER
LUXME
MAC EQUIPMENT
MC BRADY
MECTRA
OMPI
PACE PACKAGING
SEAL-IT
SKAKO
SOUDRONIC
STEDMAN
SWECO
TECMI INDUSTRIAL
VALSPAR
VIBCO
VISYS GLOBAL
ZILI & BELLINI
CREDIT HISTORY -
No significant trade
credit experience was reported locally since most of the company acquisitions
(99%) are made abroad. Subject is usually provided customs services locally for
importing purposes. Nevertheless, no
protests, bad checks, cancelled accounts or legal actions have been traced
against this Company.
BANKING INFORMATION
BANKERS
Bank
BANCO SANTANDER
SCOTIABANK
SUDAMERICANO
BANCO DE CREDITO E
INVERSIONES
Subject Company is a
client of the above banks. Further information was not available due to
internal policies.
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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)