MIRA
INFORM REPORT
|
Report Date : |
13.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
COMPANIA GLOBAL DE PINTURAS S A |
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Registered Office : |
Street 19 A 43 B 41, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
09/11/1955 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastics. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification and
Characteristics
|
Tax Identif. |
8909001482 |
|
Trade Identif. |
21201004-21 |
|
Business Name |
COMPANIA GLOBAL
DE PINTURAS S A |
|
Old Name |
COMPANIA PINTUCO S A |
|
Business Address |
STREET 19 A 43 B 41, |
|
Former Business Address |
STREET 29 43 A58, |
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Web address |
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Telephone |
(4)2626666 |
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Telefax |
(4)2320470 |
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Email |
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Constitution Date |
09/11/1955 |
|
Business Start Date |
09/11/1955 |
|
Current Capital |
555.988.425,00 COLOMBIAN PESO |
|
Current Paid-Up Capital |
555.988.425,00 COLOMBIAN PESO |
|
Capital Evolution |
2006 - 555.988.425,00 - COLOMBIAN PESO 2004 - 350.000.000,00 - COLOMBIAN PESO |
|
Number of permanent employees |
784 |
|
Employees Evolution |
2007 - 784 2006 - 703 2005 - 727 2004 - 700 |
|
Banks, Clients |
BANK: BANCOLOMBIA S A, CONAVI BANCO COMERCIAL Y DE AHORROS S A CUSTOMER: PROENVASES LTDA, ALMACENES EXITO S A, ALPINA PRODUCTOS ALIMENTICIOS S A,
BELLSOUTH COLOMBIA S A, PANAMERICANA LIBRERIA Y PAPELERIA S A, CACHARRERIA
MUNDIAL S A, ANHIDRIDOS Y DERIVADOS DE COLOMBIA S A, COMPANIA COLOMBIANA DE
TEJIDOS S A, INDUSTRIAS HACEB S A SUPPLIER: WILLIS CORREDORES DE REASEGUROS S A, SHELL COLOMBIA S A, LITOGRAFIA
FRANCISCO JARAMILLO V LTDA, ENVASES ANTIOQUIA LTDA, PIGMENTOS Y PRODUCTOS
QUIMICOS S A, ANHIDRIDOS Y DERIVADOS DE COLOMBIA S A, CLARIANT COLOMBIA S A,
SUCROMILES S A, POLYFEN RESINS LTDA, NUBIOLA COLOMBIA PIGMENTOS SA,
PRODENVASES CROWN S A |
|
Activity Code |
D242200 - Manufacture of paints, varnishes and similar coatings,
printing ink and mastics |
|
Exporter |
YES |
|
Importer |
YES |
|
Establishments |
11 |
|
Status |
TRADING |
|
Status Date |
09/11/1955 |
Synthesis
|
Financial Situation |
VERY GOOD |
|
Typology |
LARGE COMMERCIAL/INDUSTRIAL COMPANY |
|
Background |
EXCELLENT |
|
Incidents |
NON-EXISTENT OR SLIGHTLY SIGNIFICANT |
|
Credit Opinion |
RECOMMENDED UP TO 589.446.000,00 COLOMBIAN PESO |
Establishments
|
Name |
COMPANIA PINTUCO CENTRO |
||
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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|
|
Situation Date: |
18/03/2005 |
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|
|
Affected by Legal Orders (Y/N): |
N |
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|
Name |
COMPANIA PINTUCO |
||
|
Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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|
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Situation Date: |
18/03/2005 |
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|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
CIA PINTUCO |
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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|
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Situation Date: |
18/03/2005 |
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|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO EXITO |
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
18/03/2005 |
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|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO EXITO |
||
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Business Address |
ANTIOQUIA |
||
|
Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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Situation Date: |
18/03/2005 |
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Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO EXITO |
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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|
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Situation Date: |
18/03/2005 |
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|
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Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO EXITO LAURELES |
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Business Address |
ANTIOQUIA |
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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Situation Date: |
18/03/2005 |
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|
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Affected by Legal Orders (Y/N): |
N |
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|
Name |
PINTUCO EXITO POBLADO |
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
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Situation Date: |
18/03/2005 |
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|
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Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO CARULLA PRADO |
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Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
18/03/2005 |
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO LEY |
||
|
Business Address |
ANTIOQUIA |
||
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Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
18/03/2005 |
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
|
Name |
PINTUCO LEY UNICENTRO |
||
|
Business Address |
ANTIOQUIA |
||
|
Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
18/03/2005 |
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
Trade References
|
(FIGURES EXPRESSED IN COLOMBIAN PESO) |
||||||
|
Supplier Name |
Amount |
Form of Payment |
Payment Terms |
Last Payment Date |
Product |
Payment Behaviour |
|
PRODENVASES CROWN S A |
1.500.000,00 |
TRANSFER |
30 DAYS |
12/07/07 |
ENVASES PLASTICOS |
GOOD |
|
POLYFEN RESINS LTDA |
250.000.000,00 |
TRANSFER |
90 DAYS |
12/07/07 |
RECINAS DE POLIESTER |
GOOD |
|
LITOGRAFIA FRANCISCO JARAMILLO V LTDA |
10.000.000,00 |
TRANSFER |
30 DAYS |
12/07/07 |
ETIQUETAS FOLLETOS HOJAS TARGETAS |
GOOD |
|
ENVASES ANTIOQUIA LTDA |
80.000.000,00 |
CHECK |
30 DAYS |
21/07/2006 |
ENVASES |
GOOD |
|
PRODENVASES CROWN S A |
1.500.000.000,00 |
TRANSFER |
30 DAYS |
21/07/2006 |
ENVASES PLASTICOS Y EN HOJA DE LATA |
GOOD |
|
NUBIOLA COLOMBIA PIGMENTOS SA |
350.000.000,00 |
CHECK |
30 DAYS |
21/07/2006 |
PIGMENTOS INORGANICOS |
GOOD |
|
TINTAS S A |
30.000.000,00 |
CHECK |
30 DAYS |
21/07/2006 |
MATERIAS PRIMAS |
GOOD |
|
PRODENVASES CROWN S A |
1.000.000.000,00 |
TRANSFER |
30 DAYS |
14/12/2005 |
ENVASES DE HOJALATA Y PLASTICOS |
GOOD |
|
TINTAS S A |
30.000.000,00 |
TRANSFER |
30 DAYS |
14/12/2005 |
TINTAS Y MATERIA PRIMA |
GOOD |
|
ANHIDRIDOS Y DERIVADOS DE COLOMBIA S A |
|
CHECK |
30 DAYS |
14/12/2005 |
MATERIA PRIMA |
GOOD |
|
WILLIS CORREDORES DE REASEGUROS S A |
|
|
|
08/07/2005 |
COMPANIA DE SEGUROS, POLIZA DE CUBRIMIENTO TOTAL |
GOOD |
|
NUBIOLA COLOMBIA PIGMENTOS SA |
300.000.000,00 |
CHECK |
60 DAYS |
08/07/2005 |
PIGMENTOS |
GOOD |
|
ENVASES ANTIOQUIA LTDA |
50.000.000,00 |
CHECK |
30 DAYS |
08/07/2005 |
ENVASES |
GOOD |
|
SUCROMILES S A |
649.000.000,00 |
CHECK |
30 DAYS |
14/07/2004 |
Químicos |
GOOD |
|
ANHIDRIDOS Y DERIVADOS DE COLOMBIA S A |
|
CHECK |
30 DAYS |
14/07/2004 |
Químicos |
GOOD |
|
ENVASES ANTIOQUIA LTDA |
50.000.000,00 |
CHECK |
30 DAYS |
13/07/2004 |
Envases |
GOOD |
|
CLARIANT |
392.964.000,00 |
CHECK |
30 DAYS |
13/07/2004 |
Químicos |
GOOD |
|
PRODENVASES CROWN S A |
1.100.000.000,00 |
CHECK |
30 DAYS |
13/07/2004 |
Envases de aerosol |
GOOD |
|
PIGMENTOS Y PRODUCTOS QUIMICOS S A |
200.000.000,00 |
CHECK |
30 DAYS |
13/07/2004 |
Pigmentos |
GOOD |
|
SHELL |
60.000.000,00 |
CHECK |
60 DAYS |
13/07/2004 |
Combustible |
GOOD |
Financial Elements
|
(COLOMBIAN PESO, MILES) |
Balance 2006 (12) |
Balance 2005 (12) |
Balance 2004 (12) |
|
Closing Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
Balance Type |
COMPLETE |
COMPLETE |
COMPLETE |
|
Source |
PRIVATELY OWNED COMPANY |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Sales |
414.525.968,00 |
370.482.997,00 |
331.374.558,00 |
|
Results |
60.679.959,00 |
44.573.584,00 |
34.690.458,00 |
|
Capital |
260.248.280,00 |
229.742.848,00 |
197.956.993,00 |
|
CP Liabilities |
88.547.265,00 |
69.991.148,00 |
68.975.990,00 |
|
Circulating Assets |
195.599.859,00 |
149.044.308,00 |
146.630.244,00 |
|
Total Assets |
373.426.013,00 |
322.351.058,00 |
273.764.218,00 |
|
|
|||
|
Last Balance: |
31/12/2006 |
||
|
Figures for the last balance from: |
PRIVATELY OWNED COMPANY |
||
External Activity
|
Activity |
Year |
Operation Percentage |
Products |
Countries |
|
EXPORTS |
2007 |
|
TAMBIEN EXPORTAN A |
|
|
EXPORTS |
2004 |
|
|
|
|
EXPORTS |
2003 |
50 % |
ADICIONALMENTE EXPORTAN A ECUADOR;
PINTURAS |
|
|
IMPORTS |
2007 |
60 % |
ITALIA FRANCIA BRASIL ALEMANIA ESTADOS
UNIDOS |
|
|
IMPORTS |
2004 |
|
ITALIA FRANCIA BRASIL ALEMANIA ESTADOS
UNIDOS BELGICA |
|
|
IMPORTS |
2003 |
50 % |
ADICIOANLMENTE IMPORTAN DE BÉLGICA |
|
Negative Information
Payment Irregularities
No found
Legal Irregularities
No
records found
Public Competition Procedures
No records found
Company Obligations
|
Type of Obligación |
Period |
Situation |
Information Date |
Publication Date |
|
Source |
|
DUTY OF REGISTRATION UPDATE |
2007 |
COMPLIED WITH |
19/04/2007 |
19/04/2007 |
|
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2006 |
COMPLIED WITH |
31/03/2006 |
31/03/2006 |
|
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2005 |
COMPLIED WITH |
22/03/2005 |
22/03/2005 |
|
C.C. |
|
DUTY OF REGISTRATION UPDATE |
2004 |
COMPLIED WITH |
16/06/2004 |
19/03/2004 |
|
C.C. |
Main Administrators
|
Position |
Surnames and first name |
Cell |
Date of appointment |
|
MEMBER OF BOARD OF DIRECTORS |
HOYOS GOMEZ, JAIRO |
8217823 |
13/05/2005 |
|
MEMBER OF BOARD OF DIRECTORS |
BERNAL PELAEZ, FABIO |
71642471 |
13/05/2005 |
|
MEMBER OF BOARD OF DIRECTORS |
ZULUAGA OLARTE, FRANCISCO |
70120414 |
13/05/2005 |
|
MEMBER OF BOARD OF DIRECTORS |
ARANGO RINCON, AMPARO |
32308670 |
13/05/2005 |
|
MEMBER OF BOARD OF DIRECTORS |
LOPEZ, JAIME ANDRES |
98557152 |
13/05/2005 |
|
MEMBER OF BOARD OF DIRECTORS |
LONDOÑO, MAGDA LUCIA |
32015110 |
13/05/2005 |
|
AUDITOR CPA |
WATERHUOSE COOPERS, PRICE |
830019181 |
13/05/2005 |
|
AUDITOR CPA |
LOPEZ ARIAS, ANGELICA MARIA |
43730168 |
13/05/2005 |
|
ALTERNATE AUDITOR |
CORREA MONSALVE, MARITZA |
43908422 |
13/05/2005 |
|
GENERAL MANAGER |
IVAN HURTADO, JORGE |
8265986 |
07/05/2003 |
|
GENERAL MANAGER |
MONTOYA RESTREPO, ENRIQUE |
8351049 |
07/05/2003 |
|
GENERAL MANAGER |
URIBE BARRERA, JUAN CAMILO |
70088161 |
07/05/2003 |
|
REPRESENTATIVE |
ROBLEDO RESTREPO, JORGE HERNAN |
70551744 |
26/06/2002 |
Financial Links
|
Shareholders: |
||||
|
Name |
|
% |
Source |
Date |
|
INVERSIONES MUNDIAL S A |
|
UNDETERMINED |
C.C. |
16/06/2004 |
|
PINTURAS ECUATORIANAS S A PINTEC |
|
UNDETERMINED |
C.C. |
01/08/2005 |
|
COMPANIA PINTUCO S A PANAMA |
|
UNDETERMINED |
C.C. |
01/08/2005 |
|
Shareholdings: |
||||
|
Name |
|
% |
Source |
Date |
|
INDUSTRIA COLOMBIANA DE PINTURAS S A |
|
94,80 % |
C.C. |
07/03/2005 |
|
C I MUNDIAL S A EMPRESA MULTINACIONAL ANDINA |
|
UNDETERMINED |
C.C. |
18/03/2005 |
|
SUPERTE S A |
|
UNDETERMINED |
C.C. |
18/03/2005 |
Publications
|
Legal: |
||||
|
Type of Article |
Date |
Announcement Num. |
Source |
Place of Publication |
|
OTHER ACTS |
01/08/2005 |
7624 |
C.C. |
C.C. |
|
OTHER ACTS |
01/08/2005 |
7621 |
C.C. |
C.C. |
|
APPOINTMENT |
13/05/2005 |
4795 |
C.C. |
C.C. |
|
APPOINTMENT |
13/05/2005 |
4795 |
C.C. |
C.C. |
|
EXPIRATION DATE |
12/08/2004 |
N.D. |
C.C. |
C.C. |
Additional Comments
|
With effect until: 31/12/2050 Legal Representative borrowing limit: until (35) monthly minimum
wages The company and its managers are not listed on the US Department of
the Treasury Foreign Narcotics Kingpin Designation Act. ( |
Balance Sheet
(ASSETS)
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2006(12) |
2005(12) |
|
Source |
PRIVATELY OWNED COMPANY |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
A - Liquid Assets |
195.599.859,00 |
195.599.859,00 |
149.044.308,00 |
|
Shareholders by Unrequired Payments |
n.a. |
n.a. |
n.a. |
|
Cash |
3.455.639,00 |
3.455.639,00 |
2.930.714,00 |
|
Customers |
115.764.289,00 |
73.681.023,00 |
57.552.219,00 |
|
Accounts collectable from shareholders |
n.a. |
0,00 |
0,00 |
|
Accounts collectable various |
n.a. |
43.672.990,00 |
32.127.859,00 |
|
Provision for defaulting accounts |
n.a. |
-1.589.724,00 |
-889.178,00 |
|
Temporary Investments |
12.581.458,00 |
12.581.458,00 |
8.467.744,00 |
|
Deferred |
1.026.191,00 |
1.026.191,00 |
1.121.752,00 |
|
General Stock |
62.772.282,00 |
7.527.354,00 |
7.044.374,00 |
|
Merchandise |
n.a. |
n.a. |
n.a. |
|
Finished products |
n.a. |
33.274.340,00 |
24.551.782,00 |
|
Products in process |
n.a. |
4.582.865,00 |
3.928.831,00 |
|
Raw materials |
n.a. |
17.387.723,00 |
12.208.211,00 |
|
Short-term own shares |
n.a. |
n.a. |
n.a. |
|
Other current assets |
n.a. |
n.a. |
n.a. |
|
B - Fixed Assets |
177.826.154,00 |
177.826.154,00 |
173.306.750,00 |
|
Property, Plant and Equipment |
104.840.831,00 |
104.840.831,00 |
74.849.964,00 |
|
Intangibles |
138.639,00 |
138.639,00 |
7.789,00 |
|
Permanent investments |
33.506.163,00 |
33.506.163,00 |
66.550.740,00 |
|
Long-term debtors |
1.888.848,00 |
1.888.848,00 |
1.863.998,00 |
|
Long-term deferred debt |
2.659.575,00 |
2.659.575,00 |
1.377.840,00 |
|
Own shares |
n.a. |
n.a. |
n.a. |
|
Valuations |
34.665.698,00 |
34.665.698,00 |
28.656.419,00 |
|
Other fixed assets |
126.400,00 |
126.400,00 |
0,00 |
|
Total Assets |
373.426.013,00 |
373.426.013,00 |
322.351.058,00 |
Balance Sheet
(Liabilities + Capital)
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2006(12) |
2005(12) |
|
Source |
PRIVATELY OWNED COMPANY |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
A - Short Term Liabilities |
88.547.265,00 |
88.547.265,00 |
69.991.148,00 |
|
Financial Obligations |
10.050.670,00 |
10.050.670,00 |
7.582.420,00 |
|
Suppliers |
19.510.639,00 |
32.647.842,00 |
29.411.106,00 |
|
Accounts payable |
33.377.821,00 |
20.240.618,00 |
9.023.268,00 |
|
Taxes to be paid |
21.789.935,00 |
4.740.968,00 |
4.419.079,00 |
|
Estimated liabilities and provisions |
n.a. |
17.502.497,00 |
16.603.849,00 |
|
Labour Obligations |
3.818.200,00 |
3.364.670,00 |
2.948.641,00 |
|
Short-Term Deferred Payments |
n.a. |
0,00 |
0,00 |
|
Bonds and Trade Bills |
n.a. |
0,00 |
0,00 |
|
Other Short-Term Liabilities |
n.a. |
0,00 |
2.785,00 |
|
B - Long-Term Liabilities |
24.630.468,00 |
24.630.468,00 |
22.617.062,00 |
|
Financial Obligations |
15.695.232,00 |
15.695.232,00 |
15.989.540,00 |
|
Accounts Payable in the Long Term |
n.a. |
62.153,00 |
51.400,00 |
|
Estimated liabilities and provisions |
546.614,00 |
2.071.656,00 |
1.829.285,00 |
|
Long-Term Deferred Payments |
6.781.236,00 |
6.781.236,00 |
4.746.837,00 |
|
Bonds and Trade Bills |
n.a. |
0,00 |
0,00 |
|
Other Long-Term Liabilities |
1.607.386,00 |
20.191,00 |
0,00 |
|
Total Liabilities |
113.177.733,00 |
113.177.733,00 |
92.608.210,00 |
|
C - Net Capital |
260.248.280,00 |
260.248.280,00 |
229.742.848,00 |
|
Capital |
555.988,00 |
555.988,00 |
270.900,00 |
|
Issue Premium |
121.711,00 |
121.711,00 |
0,00 |
|
Capital Surplus |
1.071.618,00 |
1.071.618,00 |
20.923.656,00 |
|
Capital Appreciation |
107.614.077,00 |
107.614.077,00 |
99.066.405,00 |
|
Reserves |
58.936.710,00 |
58.936.710,00 |
36.251.884,00 |
|
Statutory Reserves |
n.a. |
n.a. |
n.a. |
|
Legal Reserves |
n.a. |
n.a. |
n.a. |
|
Other Reserves |
n.a. |
n.a. |
n.a. |
|
Share dividends |
n.a. |
0,00 |
0,00 |
|
Yearly result (profit and loss) |
60.679.959,00 |
60.679.959,00 |
44.573.584,00 |
|
Result from previous years |
-3.164.013,00 |
-3.164.013,00 |
0,00 |
|
Result after inflation |
n.a. |
n.a. |
n.a. |
|
Appreciation surplus |
34.432.230,00 |
34.432.230,00 |
28.656.419,00 |
|
Total Liabilities + Capital |
373.426.013,00 |
373.426.013,00 |
322.351.058,00 |
Profit and Loss
Account
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2006(12) |
2005(12) |
|
Source |
PRIVATELY OWNED COMPANY |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Total Operating Revenue |
414.525.968,00 |
414.525.968,00 |
370.482.997,00 |
|
Operating Revenue |
n.a. |
n.a. |
n.a. |
|
Sales |
414.525.968,00 |
414.525.968,00 |
370.482.997,00 |
|
Other Operating Revenue |
n.a. |
n.a. |
n.a. |
|
Total Operating Costs |
350.881.528,00 |
350.881.528,00 |
308.845.698,00 |
|
Purchases |
280.788.125,00 |
280.788.125,00 |
248.121.824,00 |
|
Personnel Expenditure |
19.512.442,00 |
19.512.442,00 |
17.048.104,00 |
|
Costs of Third-Party Services |
n.a. |
n.a. |
n.a. |
|
Stock Appreciation |
n.a. |
n.a. |
n.a. |
|
Provisions for Depreciation |
n.a. |
n.a. |
n.a. |
|
Traffic provision variation |
n.a. |
n.a. |
n.a. |
|
Other Operating Costs |
50.580.961,00 |
50.580.961,00 |
43.675.770,00 |
|
Operating Result |
63.644.440,00 |
63.644.440,00 |
61.637.299,00 |
|
Total Financial Revenue |
8.554.589,00 |
0,00 |
0,00 |
|
>From Companies in the Group |
n.a. |
n.a. |
n.a. |
|
From associated companies |
n.a. |
n.a. |
n.a. |
|
Other financial revenue |
n.a. |
n.a. |
n.a. |
|
Profits from Financial Investment |
n.a. |
n.a. |
n.a. |
|
Positive Exchange Differences |
n.a. |
n.a. |
n.a. |
|
Total Financial Costs |
18.610.590,00 |
0,00 |
0,00 |
|
>From debts to companies in the Group |
n.a. |
n.a. |
n.a. |
|
>From debts to affiliate companies |
n.a. |
n.a. |
n.a. |
|
From other debts |
n.a. |
n.a. |
n.a. |
|
Financial Investment Losses |
n.a. |
n.a. |
n.a. |
|
Investment Provision Variation |
n.a. |
n.a. |
n.a. |
|
Exchange Differences |
n.a. |
n.a. |
n.a. |
|
Financial Results |
-10.056.001,00 |
0,00 |
0,00 |
|
Total Extraordinary Revenue |
27.323.206,00 |
36.581.347,00 |
21.213.458,00 |
|
Profits from alienation of fixed assets |
n.a. |
n.a. |
n.a. |
|
Profit and Loss Account (Continuación) |
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2006(12) |
2005(12) |
|
Source |
PRIVATELY OWNED COMPANY |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
Share operation profits |
n.a. |
n.a. |
n.a. |
|
Transferred Capital Subsidies |
n.a. |
n.a. |
n.a. |
|
Other extraordinary revenue |
n.a. |
n.a. |
n.a. |
|
Profit and Revenue carried over |
n.a. |
n.a. |
n.a. |
|
Total Extraordinary Costs |
2.736.067,00 |
22.050.209,00 |
22.847.211,00 |
|
Fixed Asset Provision Variation |
n.a. |
n.a. |
n.a. |
|
Losses from Fixed Assets |
n.a. |
n.a. |
n.a. |
|
Losses due to share operations |
n.a. |
n.a. |
n.a. |
|
Extraordinary Costs |
n.a. |
n.a. |
n.a. |
|
Costs and Losses Carried Over |
n.a. |
n.a. |
n.a. |
|
Extraordinary Results |
24.587.139,00 |
14.531.138,00 |
-1.633.753,00 |
|
Total Revenue |
450.403.763,00 |
451.107.315,00 |
391.696.455,00 |
|
Total Costs |
372.228.185,00 |
372.931.737,00 |
331.692.909,00 |
|
Result before taxes |
78.175.578,00 |
78.175.578,00 |
60.003.546,00 |
|
Taxes |
17.832.141,00 |
17.832.141,00 |
13.761.828,00 |
|
Adjustment for inflation |
-336.522,00 |
-336.522,00 |
1.668.134,00 |
|
Result for the Year |
60.679.959,00 |
60.679.959,00 |
44.573.584,00 |
Main Ratios
|
|
2006 |
2006 |
2005 |
|
EVOLUTION |
|
|
|
|
Turnover Evolution |
|
11,89 % |
|
|
Net Results Evolution |
|
36,13 % |
|
|
PROFITABILITY |
|
|
|
|
Profitability |
14,64 % |
14,64 % |
12,03 % |
|
Operational Profitability |
15,35 % |
15,35 % |
16,64 % |
|
Net worth Profitability |
23,32 % |
23,32 % |
19,40 % |
|
Total Assets Profitability |
16,25 % |
16,25 % |
13,83 % |
|
Financial Assets Coverage |
0,00 % |
|
|
|
INDEBTEDNESS |
|
|
|
|
Debt Ratio |
30,31 % |
30,31 % |
28,73 % |
|
Short Term Debts |
78,24 % |
78,24 % |
75,58 % |
|
Indebtedness without revaluation |
0,33 % |
0,33 % |
0,32 % |
|
Financial Leverage |
9,89 % |
9,89 % |
10,26 % |
|
Financial Assets |
4,49 % |
0,00 % |
0,00 % |
|
CASH |
|
|
|
|
Working Capital |
107.052.594,00 |
107.052.594,00 |
79.053.160,00 |
|
Current ratio |
2,21 |
2,21 |
2,13 |
|
Acid Test |
1,50 |
1,50 |
1,45 |
|
Immediate Availability |
-85.091.626,00 |
-85.091.626,00 |
-67.060.434,00 |
|
EFICIENCY |
|
|
|
|
Portfolio Recovery Days |
100,54 |
63,99 |
55,92 |
|
Creditors Days |
25,01 |
41,86 |
42,67 |
|
Stock Rotation Days |
80,48 |
80,48 |
69,26 |
|
Operational Cicle Days |
181,02 |
144,47 |
125,18 |
|
Fixed Assets Turnover |
1,11 |
1,11 |
1,15 |
financial
observations
The profitability margin is 14,64%. The operational margin is positive and is sufficient to cover the net income and financial charges.
The liquidity indicators show an adequate covering of its current assets over its short term obligations. The portfolio recovering period is of 100,54 days. The payment to suppliers is made in 25,01 days.
The company operates with a debt ratio of 30,31%.
Macroeconomic
Information
|
|
Value |
Date |
|
Exchange Ratio |
1.964,82 |
12/07/2007 |
|
Up to 12 months Devaluation |
8,68 |
31/05/2006 |
|
GDP |
5,13 |
25/04/2006 |
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%)