MIRA
INFORM REPORT
|
Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
PROCTER & GAMBLE INTERNATIONAL OPERATIONS S.A. |
|
|
|
|
Registered Office : |
Loma Florida Nº 32, Colonia
Lomas de Vista Hermosa, Deleg.Cuajimalpa, México DF, C.P. 05100 |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
13.04.2000 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Importation, purchase,
sale and export in general of mass consumer products: Toiletries; perfumes
and fragrances; cleansers; chemical substances, among other. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : PROCTER & GAMBLE
INTERNATIONAL OPERATIONS S.A.
TRADE NAME :
"PROCTER & GAMBLE INTERNATIONAL
OPERATIONS"
TAXPAYER REGISTRATION : RFC P&G000413AH9
OPERATING STATUS :
Active
MAIN ADDRESS
: Loma Florida Nº
32, Colonia Lomas de Vista Hermosa, Deleg.
Cuajimalpa
CITY/PROVINCE/STATE :
México DF, C.P. 05100
COUNTRY : MEXICO
TELEPHONE :
(5255)5724.2000
FAX
: (5255)5724.2024
WEB SITE : www.pg.com.mx/www.pg.com
SUMMARY
Incorporation
: 2000
Operating Status :
Active
Shareholders' Equity : 65,364,000,000.=
Annual Sales
: 38,510,000,000.00 US Dollars
Employees
: *
QUALIFICATION
RATING : ELIGIBLE FOR CREDITS
PAYMENTS : LITTLE CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION :
13APR2000
REGISTERED IN :
Switzerland
SHAREHOLDERS' EQUITY :
US$65,364,000,000 (Consolidated - 31/12/2006)
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : P$10.77 per USD1
COMMENTS -
Incorporation could not
be found out, neither the amount of the capital stock.
Subject is a member of
the European Organization for Caries Research-Orca.
HISTORY
Procter & Gamble
Opeations S.A. is a Swiss company which has a representation office in the city
of Mexico to be able to operate in the country in normal and legal form.
Offices in Switzerland
are situated at 47, Route de Saint-Georges, 1213, Petit-Lancy, Geneva,
Switzerland. Tel. 41 22 709 6111.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
DONATIENNE DE FONTAINES,
GUILLAUME Commercial Vice
President
DIDIER, ROSSI Global Busin. Serv. Manag
THE PROCTER & GAMBLE
CO. Shareholder Maj.Share
WHO IS WHO ?
THE PROCTER & GAMBLE CO.
It has been operating for
over 165 years.
It is a US based company,
founded on October 31st, 1837 by William Procter and James Gamble.
PROCTER & GAMBLE
operates in 70 countries around the world and sells more than 300 trademarks
brands and hires approximately 106 thousand people worldwide.
Corporate offices: 1 OR 2, Procter & Gamble Plaza, Cincinatti,
Ohio, 45201, United States, Tel: 1-513-983-1100, website: www.pg.com
RELATED COMPANY(IES)
Subject Company is a
subsidiary of THE PROCTER & GAMBLE COMPANY, headquartered in the United
States.
In Mexico, Subject is directly
related to the company: PROCTER & GAMBLE MEXICO S. DE R.L. DE C.V., engaged
in trading and distribution of products, and with PROCTER & GAMBLE
MANUFACTURA S. DE R.L. DE C.V., company engaged in the processing and storage
of products intended for personal care, health care, tissue papers, baby care
products, women's protection and foodstuffs and beverages as well.
THE PROCTER AND GAMBLE
COMPANY has made investments around the world. We list below some of the
companies where this business organization has invested:
- PROCTER & GAMBLE
GMBH (Germany)
- MODERN PRODUCTS
CO. (Saudi Arabia)
- P&G INTERAMERICAS
INC. (Argentina)
- P&G AUSTRALIA PTY
LTD. (Australia)
- P&G AUSTRIA
GMBH (Austria)
- PROCTER &
GAMBLE (Belarus)
- P&G BELGIUM
B.V.B.A. (Belgium)
- P&G TRGOVACKO
DRUSVO D.J.L. (Bosnia)
- PROCTER & GAMBLE
OOD (Bulgaria)
- P&G INC. (Canada)
- P&G GUANGZHOU
LTD. (China)
- P&G CHILE INC.
AGENCIA (Chile)
- PROCTER & GAMBLE
INTERAMERICAS (Costa Rica)
- P&G COLOMBIA
S.A. (Colombia)
- PROCTER & GAMBLE
DEL PERU SRL (Peru)
among others
COMPANY NAME COUNTRY TAX.REG. RELATION
PROCTER & GAMBLE
MANUFACTURA, S. DE R.L. D MEXICO P&G4803059U8 Related
THE PROCTER & GAMBLE
CO. U.S.A. Parent
Co.
BUSINESS
MAIN ACTIVITY .-
Importation, purchase,
sale and export in general of mass consumer products: Toiletries; perfumes and
fragrances; cleansers; chemical substances, among other.
Trademark: HERBAL; WELLA;
JEAN PATOU (third-party brands)
Wholesaler 100%
IMPORT : Yes USA, France, Germany, Switzerland; against direct credit at 90 days
EXPORT : Yes to Inter-related companies and/or subsidiaries
whenever they require a particular product
% CREDIT SALES/TERMS :
100% within 30 days
% FOREIGN SALES(COUNTRIES) : 5%
% DOMESTIC PURCHASES :
50%
% FOREIGN PURCHASES :
50%
SELLING TERRITORY :
95% - Mexican market
EMPLOYEES : (*)
FACILITIES -
Use
: Representation offices
Remarks
and other Premises -
Corporate office is shared
with Mexican affiliates: Procter & Gamble Mexico S de RL de CV, Procter
& Gamble Manufactura S de RL de CV.
Registered Office and
Parent House: 47, Route de Saint Georges 1213, Petit-Lancy, Geneva,
Switzerland. Telephone: 4122
7096111/7097320/8704320.
E-mail: rossi.d@pg.com
COMMENTS -
(*) Subject does not have
a worker payroll, outsourcing companies provide personnel sevice in Mexico.
In Mexico, Subject's only
client is the related firm firm:
PROCTER & GAMBLE
MANUFACTURA S.DE R.L. DE C.V.
FINANCIAL INFORMATION
All information contained
in this report has been gathered from different outside sources, since Subject
Company, as a Representation Office in Mexico was unwilling to give
information.
PROCTER & GAMBLE
INTERNATIONAL OPERATIONS SA is a trading company of Swiss origin, organized in
Mexico in 2001, subsidiary of the transnational THE PROCTER & GAMBLE
COMPANY.
Thus, we could access to
the figures of the CONSOLIDATED BALANCE SHEET OF THE PROCTER & GAMBLE
COMPANY AND SUBSIDIARIES as of December 31st, 2006, expressed in US4 Dollars,
as follows.
Separate financial
reports of Subject are unavailable.
BALANCE
SHEET DATE : 31DEC2006
TYPE OF
BALANCE SHEET : Consolidated
CURRENCY : US
Dollars
ASSETS
TOTAL
CURRENT : 24,689,000,000.00
FIXED : 19,096,000,000.00
OTHERS : 93,515,000,000.00
TOTAL
ASSETS : 137,300,000,000.00
LIABILITIES
TOTAL
CURRENT : 31,294,000,000.00
LONG TERM :
40,642,000,000.00
TOTAL
EQUITY : 65,364,000,000.00
TOTAL
LIABILITIES : 137,300,000,000.00
SALES : 38,510,000,000.00
PROFIT (LOSS)
: 5,560,000,000.00
LIQUIDITY RATIO : 0.79 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY
RATIO: 208.87% (Shareholders'equity/Current Liabilities)
PROFITABILITY
MARGIN: 14.44% (Profits/Sales)
WORKING CAPITAL : -6,605,000,000.00 (Current Assets -
Current Liabilities)
PROPERTIES OF THE COMPANY -
Subject does not have
assets of its own in the country, as it only operates as a representation
office.
INSURANCE -
Company
ING-COMERCIAL AMERICA
S.A. DE C.V.
PAYMENTS RECORD
TRADE REFERENCES –
Line of Credit Monthly Average Terms(days)) Performance? Time
Products/Services Supplier
1 Ps$ No specified Ps$ No specified No specified Prompt Sulphur Domestic
2
Variable 30 days Prompt Sv. year Land line telephone Domestic
3 Variable 30 days Prompt Sv.yrs. Electrical power Domestic
LIST OF DOMESTIC SUPPLIERS –
Suppliers
listed Alphabetically. There is not
relationship as for the order above
Supplier
Jean Patou
Lacoste
Luz y Fuerza del
Centro
Petróleos Mexicanos
PEMEX
Teléfonos de México S.A.
de C.V.
Wella AG
LIST OF FOREIGN SUPPLIERS -
Suppliers
listed Alphabetically. There is not
relationship as for the order above
Supplier Country
Jean Patou FRANCE
Wella AG GERMANY
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO
S.A.
Subject is a client of
the above bank but no details were given in this regard.
Furtheremore, it appears
Subject would hold accounts in Swiss banks. No more information was provided.
GENERAL INFORMATION
In Mexico, Subject has
been granted an authorization to buy, store and sell chemical substances,
effective until December 31, 2006, issued by the Dirección General del Registro
Federal de Armas de Fuego y Control de Explosivos (National Bureau of the
Federal Registry of Fire Guns and Explosives Control).
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)