MIRA
INFORM REPORT
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Report Date : |
02.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PROCTER & GAMBLE PERU, S.R.L. |
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Registered Office : |
Av. Pardo y Aliaga 695,
San Isidro Lima, 27 |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
09.01.1956 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Importation and trade
of mass consumer products including toilet soaps, tooth paste, detergents,
shampoos; diapers, sanitary pads; cosmetics; flue tablet; snacks, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT
COMPANY NAME : PROCTER & GAMBLE
PERU, S.R.L.
TRADE
NAME : "P & G
PERU, S.R.L."
TAXPAYER
REGISTRATION : RUC 20100127165
OPERATING
STATUS : Active
MAIN
ADDRESS : Av. Pardo y Aliaga 695, San Isidro
CITY/PROVINCE/STATE :
Lima, 27
COUNTRY : PERU
TELEPHONE :
(511)215.3300
FAX : (511)270.1502/221.7806
E
- MAIL : pacora.m@pg.com
WEB
SITE :
Nil
SUMMARY
Incorporation :
1956
Operating
Status : Active
Last
Capital : S/.27,957,977.=
Nuevos Soles
Shareholders'
Equity : S/.109,556,603.= Nuevos Soles (31.12.2005)
Annual
Sales : 667,817,309.00 Nuevos
Soles
Employees :
110
QUALIFICATION
RATING
: ELIGIBLE FOR CREDITS
PAYMENTS
: PAYMENTS USUALLY PROMPT
LEGAL BACKGROUNDS
LEGAL
STATUS : Limited Liability Company
DATE
OF INCORPORATION : 09JAN1956
REGISTERED
IN : Lima
DURATION : Indefinite
REGISTRATION :
Entry 1, Page 109, Volume 384
INITIAL
CAPITAL : S/.14,857,616.= Nuevos Soles
CURRENT
PAID-IN CAPITAL : S/.27,957,977.= Nuevos Soles
SHAREHOLDERS'
EQUITY : S/.109,556,603.00
Nuevos Soles (31.12.2005)
TYPE
OF SHARES : Profit sharing
LISTED
AT STOCK EXCHANGE : No
CURRENT
EXCHANGE RATE : S/.3.20 per US$1.00
Dollar
HISTORY
The Company was
incorporated on January 9th, 1956 under the style PROCTER & GAMBLE DEL PERU
SA.
On January 18, 1971, it
changed its name to DETERPERU SA.
Over the years, it
absorbed by merger the firms below named:
- FABRICA DE ACEITE SAN
JACINTO SA (Sep.1, 1993)
- SURFA SA (Oct.25, 1996)
- DETER INDUSTRIAL SA
(Nov. 20, 1996)
On January 1st, 1997, The
Company retook its original name: PROCTER & GAMBLE PERU SA.
In July 2000, it splitted
up part of its assets (industrial line) to create a new firm named: P.& G.
INDUSTRIAL PERU SRL.
Simultaneouly, it was
transformed into a limited liability partnership adopting the name it currently
uses: PROCTER & GAMBLE PERU SRL.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL
NAMES / COMPANY NAME TITLE OWNERSHIP %
RAYGADA SOMMERKAMP, JAIME
EUGENIO General Manager/Legal Rep
ROLDAN, ALFONSO Finance
Director
SALCEDO, EDUARDO Marketing
Director
ISAZA, CAMILA Director/Human
Res Mg
MONTOYA PEREZ, JAIME Director/Plant Manager
CAVERO SAFRA,
ENRIQUE Legal Affairs
Manager
PEÑALOZA QUISPE,
JOSUE Representative
RAMOS HOSTIA, MARIA
ESTHER Representative
IVANKOVICH SOTO, NIKITZA
MYRIAM Representative
D'ALESSIO BENZAKEN,
MARCELA MARGARITA ELEN Representative
DONOYAN ALMANDOZ, JEAN
PAUL Representative
GOMEZ SANCHEZ VASQUEZ,
CARMEN ROSA Representative
MORAN RODRIGUEZ, ELVA
ROSA Representative
LEON, LUIS ANTONIO Representative
THE PROCTER & GAMBLE
CO. Shareholder 98%
THE PROCTER & GAMBLE
MANUFACTURING CO. Shareholder 1%
THE PROCTER & GAMBLE
DISTRIBUTION CO. Shareholder 1%
WHO IS WHO ?
RAYGADA
SOMMERKAMP, JAIME EUGENIO
NATIONALITY :
Peruvian
BORN :
07MAR1964
DOC. OF IDENT. : DNI 07783565
CAVERO
SAFRA, ENRIQUE
NATIONALITY :
Peruvian
BORN :
29OCT1965
DOC. OF IDENT. : DNI 08778159
THE
PROCTER & GAMBLE CO.
U.S.A. based company,
founded on 31.10.1837 by William Procter and James Gamble.
It was started as small
company manufacturing candles and soaps in the city of Cincinnati, Ohio (USA).
Currently, sales of this
company at worldwide level exceed the 40 billion dollars annually, its name,
brands and consumer goods it produces are recognized in homes around the world.
PROCTER & GAMBLE has
operations in 80 countries of the world and sells more than 300 product brands
in more than 140 nations.
Company hires approximately
102 thousand people worldwide.
THE
PROCTER & GAMBLE MANUFACTURING CO.
U.S.A. based company.
THE
PROCTER & GAMBLE DISTRIBUTION CO.
U.S.A. based company.
RELATED COMPANY(IES)
COMPANY
NAME COUNTRY
TAX.REG. RELATION
P.& G. INDUSTRIAL
PERU SRL PERU
20470531968 Related
PROCTER & GAMBLE
COLOMBIA, LTDA COLOMBIA
8000009464 Related
PROCTER & GAMBLE
INDUSTRIAL COLOMBIA, LTDA COLOMBIA 8300806747 Related
PROCTER & GAMBLE
MANUFACTURA, S. DE R.L. D MEXICO P&G4803059U8 Related
THE PROCTER & GAMBLE
CO. U.S.A. Parent
Co.
THE PROCTER & GAMBLE
DISTRIBUTION CO. U.S.A. Related
THE PROCTER & GAMBLE
MANUFACTURING CO. U.S.A. Related
BUSINESS
MAIN
ACTIVITY .-
Importation and trade of
mass consumer products including toilet soaps, tooth paste, detergents,
shampoos; diapers, sanitary pads; cosmetics; flue tablet; snacks, etc.
Trade brands: "ARIEL", "MAGIA BLANCA",
"ACE" "SALVO", "ORVUS", "SAPOLIO",
"AYUDIN", "CAMAY", "SAFEGUARD, "MONCLER", "FORMULA
44", "VICK VAPORUB", "VITAPYRENA", "OLD
SPICE", "SECRET", "ALWAYS", "PAMPERS",
"CREST", "PANTENE", "MAX FACTOR",
"REVLON", "PRINGLES", etc.
IMPORT : Yes France, Ireland, Ecuador, Israel, Panama, Bolivia, Brazil, Korea,
Belgium, U.K., Japan, Canada, Spain, Switzerland, Holland, Argentina, Chile,
Finland.
Annual Imports in US
$(CIF) :
Year Amount
2004 71,398,257.00
2005 79,904,538.00
2006 95,779,828.00
2007 22,878,533.00
EXPORT : Yes China, Ecuador, Germany, Panama, Chile, Argentina, Brazil,
Colombia, Venezuela and Bolivia.
Annual Exports in US
$(FOB) :
Year Amount
2004 7,172,877.00
2005 7,509,504.00
2006 10,287,147.00
2007 1,718,762.00
%
CASH SALES/METHOD : 50%
%
CREDIT SALES/TERMS :
50% - Invoices and drafts at 30 days
%
FOREIGN SALES(COUNTRIES) : 05%
SELLING
TERRITORY : 95% in the
national market
EMPLOYEES : 110
FACILITIES
.-
Premises :
Own
Floors :
12
Condition :
Good; modern structure
Use : Head offices and legal domicile.
Remarks and other
Premises .-
Other locations:
- Av. Materiales 292,
Lima/Lima 1
- Av. Universitaria 396,
Lima/Lima 1
- Av. República de Panamá
4575, Surquillo/Lima 34
- Jr. Contralmirante
Montero 1353, Surquillo/Lima 34
COMMENTS
.-
..Company imports from
China, United States, Colombia, Germany, Mexico and Venezuela too.
Company operates with RUC
20100127165 (TAX ID) since 09.01.1956, registry updated on 10.07.2003 to
dedicate to wholesale trade of other products.
Sales are oriented to
pharmacies, grocery stores, supermarkets, etc.
The major clients are:
- Hipermercados Metro SA
- Supermercados Santa
Isabel SA
- E. Wong SA
FINANCIAL INFORMATION
Investigation was hampered
per lack of cooperation from executives of this company, who accepted to update
basic data and refused providing recent financial statements and/or figures in
keeping with current policy at the company.
Although an exhaustive
search was made in outside sources, it was not possible to obtain such
information.
Last available financial
data of this company in our power is its Balance Sheet for the year ended on
December 31, 2005, showed the company working with liquidity ratio above
average in its industry. Its working capital was positive allowing to meet
commitments on time. Debt/equity relation was good. However, final results were
not specified.
We are reporting upon a
large and very well established company enjoying a good commercial reputation.
BALANCE SHEET DATE : 31DEC2005 31DEC2004
TYPE OF BALANCE SHEET : Annual Annual
BALANCE SHEET OF : 12 months 12 months
CURRENCY : Nuevos Soles Nuevos Soles
EXCHANGE RATE PER US$ : 3.44 3.30
ASSETS
TOTAL CURRENT :
195,345,354.00
197,288,000.00
OTHERS : 8,252,808.00 11,093,000.00
TOTAL ASSETS :
203,598,162.00 208,381,000.00
LIABILITIES
TOTAL CURRENT :
94,041,559.00
107,232,000.00
TOTAL EQUITY : 109,556,603.00 101,149,000.00
TOTAL LIABILITIES : 203,598,162.00 208,381,000.00
SALES : 667,817,309.00 616,442,000.00
PROFIT (LOSS) : 0.00 12,131,000.00
LIQUIDITY RATIO :
2.08 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO : 116.50%
(Shareholders'equity/Current Liabilities)
WORKING CAPITAL :
101,303,795.00 (Current Assets - Current Liabilities)
INSURANCE
–
Company
RIMAC INTERNACIONAL CIA.
DE SEGUROS
PAYMENTS RECORD
TRADE
REFERENCES –
Line of Credit Monthly Average Terms(days)) Performance?
Time
Products/Services Supplier
1 S/. 20,000.= S/. 20,000.= Transf.30 da Prompt 10+years Containers Domestic
2 US$ 100,000.= US$ 60,000.= Ch/15 days Prompt 2001 Air-land transport Domestic
COMMENTS –
A third supplier we
consulted in the local market refused to provide a reference per internal
policy.
Others have not answered
our reference requests.
LIST
OF DOMESTIC SUPPLIERS –
Suppliers listed
Alphabetically. There is not
relationship as for the order above
Supplier Telephone
Cli Aduanas SA (511) 4204666
Gloria SA (511) 4707170
Industrias del Envase
SA (511) 5741150
Quimpac SA (511) 6142000
San Miguel Industrial
SA (511) 3365428
CREDIT
RISK CENTRAL -
No protested bills or bad
checks were found against this company.
Subject is listed as a prompt
payer before SAT LIMA.
CREDIT
HISTORY -
Report as of September
2006 showed a prompt payment performance of Subject.
BANKING INFORMATION
BANKERS
Bank Account # DC
BANCO INTERBANK
BANCO DE CREDITO DEL
PERU 290380 X
Suject works accounts
with these banks, which would not provide further particulars per
confidentiality policy.
SUPERINTENDENCY
OF BANK & INSURANCE - SBS –
The SBS reported the
following debts before the Financial System as at 30APR2007 (Last Report)
Obligations
DC(S/.)
FC(US$)
Letters of indemnity 1,845,000.00 69,800.00
-------------------- --------------------
Total Indebtedness S/.
1,845,000.00 US$
69,800.00
Guarantees S/.
0.00 US$
0.00
The SBS ranks Subject
Company's indebtedness before the Financial System as follows :
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RATING |
% |
RATING DESCRIPTION
ACCORDING TO THE SBS |
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X |
NORMAL |
100 |
Debtors meet payments on time |
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PROBLEM POTENTIAL |
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Debtors reveal certain deficiencies
not corrected appropriately |
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DEFICIENT |
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Debtors present
worsening of category with commercial problem |
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DOUBTFUL |
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Debtors that reveal
high risk characteristics implying doubtful debt recovery |
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LOSS |
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Debtors whose credits
are estimated uncollectible |
Debt structure for Bank
(domestic currency)
Bank Amount (S/.)
B. WIESE SUDAMERIS 2,048,008.00
B. INTERBANK 18,397.00
As of 31.03.2007, the SBS
reported debt obligations of this company amounting to S/.1,845,000.= and
US$69,800.=, with the normal rate (100%)
The SBS gives the normal
rate to Subject since 31.12.2002.
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 |
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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%)