MIRA
INFORM REPORT
|
Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MATHIESEN PERU S A C |
|
|
|
|
Formerly Known as : |
LATIMPORT SA |
|
|
|
|
Registered Office : |
Av Las Torrer 180 Antes Era EI 120 Urbanizacion EI Pino San Louis Lima |
|
|
|
|
Country : |
Peru |
|
|
|
|
Date of Incorporation : |
1994 |
|
|
|
|
Com. Reg. No.: |
112179 |
|
|
|
|
Legal Form : |
Closely-held Corporation |
|
|
|
|
Line of Business : |
Importation of Chemicals for the industry. |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY
NAME : MATHIESEN PERU
S.A.C.
TAXPAYER
REGISTRATION : RUC
20207190285 OPERATING STATUS: Active
MAIN ADDRESS : Av. Las Torres 180, Urbanización El Pino,
San Luis
CITY/PROVINCE : Lima 30
DEPARTMENT/STATE : Lima
COUNTRY : PERU
TELEPHONE : (511)326.3322/326.1080
FAX : (511)326.3192/322.1080
E - MAIL : gfaundes@grupomathiesen.com
WEB SITE : www.mathiesem.cl
SUMMARY
Incorporation : 1994 Operating
Status : Active
Last Capital : S/.6,938,500.= Nuevos Soles
Finantial Situation : UNDETERMINED
Employees : 25
CR-Rating : Satisfactory
Payments : No further credit experience available
QUALIFICATION
RATING : Satisfactory
PAYMENTS : No further credit
experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Closely-held
Corporation
DATE OF
INCORPORATION : 24MAY1994
REGISTERED
IN : Lima
NOTARY
OFFICE : Ernesto Velarde Arenas
DURATION : Perpetual
REGISTRATION :
Card
112179 - Reg. Business Corporations of Lima
INITIAL
CAPITAL : S/.220,000.=
Nuevos Soles
CURRENT PAID-IN
CAPITAL : S/.6,938,500.=
Nuevos Soles
TYPE OF SHARES : Nominal
LISTED AT STOCK
EXCHANGE: No
CURRENT EXCHANGE
RATE : S/.3. per USD1
COMMENTS
Subject Company is a member of the Chamber
of Commerce of Lima.
According to SUNAT (National Tax Authority), Mathiesen Perú SAC was incorporated
in the
System of Good Taxpayers
(Resolution 0110050000217) as from October 1st, 2005.
Furthermore, it
was incorporated into the System of Tax Withholding Agents
(R.S.174-2005) as from the
same date.
HISTORY
Subject was incorporated on
May 24, 1994 under the name LATIMPORT SA
On November 30, 1998, it
changed its name to the one it currently uses: MATHIESEN PERU
SAC.
DIRECTORS /
EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE OWNERSHIP %
TELGE NORIEGA, LUIS
GUILLERMO General
Manager/Leg.Rep.
FAUNDES BRAVO, GERMAN
GUIDO Finance/Operat.
Manager
PACHECO DE LA FUENTE,
NICANOR Commercial Manager
BEDOYA PERALES, MARIA
TERESA Accountant
GOMEZ GIULFO, GUILLERMO Shareholder 0.001%
GUSSE SA Shareholder 99.998%
WHO IS WHO ?
TELGE NORIEGA, LUIS
GUILLERMO
NATIONALITY : Peruvian
BORN : On April 4th, 1964
DOC. OF IDENT. : DNI 08776975
FAUNDES BRAVO, GERMAN GUIDO
LABOR AND/OR BUSINESS
BACKGROUNDS .-
Passport: 10.335.691-1
PACHECO DE LA FUENTE,
NICANOR
NATIONALITY : Peruvian
BORN : 29OCT1946
DOC. OF IDENT. : DNI 07879114
BEDOYA PERALES, MARIA
TERESA
NATIONALITY : Peruvian
BORN : 15MAR1961
DOC. OF IDENT. : DNI 08195526
GUSSE SA
Uruguayan company.
RELATED COMPANY(IES)
Subject is part of GRUPO MATHIESEN, a corporation controlled by European
capital, leader in the supply, distribution and solutions for the industry in
various economic sectors. It is present in seven countries of Latin America
(Chile, Argentina, Bolivia, Brazil, Paraguay, Peru and Uruguay).
Some companies which are part of this Group include:
COMPANY NAME COUNTRY TAX.REG. RELATION
CONOSUR MATHIESEN S.A. PARAGUAY
8008366-5 Related
GUSSE SA URUGUAY Parent
Co.
MATHIESEN BOLIVIA
Related
MATHIESEN DO BRASIL LTDA BRAZIL Related
MATHIESEN HOLDING SA CHILE 96.595.850-9 Related
MATHIESEN INDUSTRIAL SA CHILE 96.704.190-4 Related
MATHIESEN S.A.C.
CHILE 92.207.000-8 Related
PEGAMENTOS SINTETICOS SA PERU 20100302421
Related
QUIMICA ORIENTAL S.A. URUGUAY 210001280015 Related
REY Y MILBERG SA ARGENTINA Related
SERVICIOS MATHIESEN SAC CHILE 96.595.840-1 Related
BUSINESS
MAIN ACTIVITY .-
It is engaged in the
importation of chemicals for the industry in general (leather, textile,
plastics, paper, construction, food, cosmetics, mining, petroleum, chemicals,
detergents, tanning, paints, adhesives, etc).
IMPORT : Yes Georgia, Ecuador, Guatemala, Israel, Colombia,
France, Vietnam, Thailand, Japan,
UK, Russian
Fed., South Africa, India, Venezuela, China, Malaysia, Taiwan...
Annual Imports in US $(CIF) :
Year Amount
2005 5,692,317.00
2006 7,961,389.00
2007 8,907,753.00
EXPORT : Yes from time to
time to Argentina, Colombia and Bolivia
Annual Exports in US $(FOB) :
Year Amount
2005 1,683.00
2006 3,639.00
2007 14,141.00
% CASH SALES/METHOD : 05%
% CREDIT SALES/TERMS : 95% - within 90 days
SELLING TERRITORY : Domestic and
foreign markets
EMPLOYEES : 25
FACILITIES .-
Premises : Rented
Condition : Suitable for its activities
Use : Headquarters and
warehouses
Remarks and other Premises .-
It should be noticed that the above address was number 120 before but it
was changed by the Municipality.
Before they were located at Calle Lambda 194, Parque Industrial y El
Comercio, Carmende la Legua/Callao 3.
COMMENTS .-
Tax ID RUC 20207190285 was issued on January 3rd, 1994 to be engaged in
the wholesale of other products.
Subject also imports from Chile, Netherlands, United States, Indonesia,
Italy, Uruguay, Mexico, Belgium, Korea, Germany, Brazil, Argentina and Spain.
Subject deals directly, most of the times in Lima and in a small scale
in other provinces of the country.
Major clients:
- Alicorp SAA
- Curtiduría El Porvenir SA
- Industrias Vencedor SA
- Minera Antamina SA
- Agraria El Escorial SA
FINANCIAL INFORMATION
It was very difficult to contact
María Teresa Bedoya (Accountant) who agreed to reveal some general information
and confirmed some other. Nevertheless,
she mentioned internal policies of the Company did not allow to disclose the
financial statements.
Under such circumstances, we had to supplement this report with data
collected from reliable external sources where no updated balance sheets or
accounting figures were found even though we did our best.
FINANCIAL SITUATION : UNDETERMINED
Financial standing is indeterminate as no accounting figures were
available to examine Subject results.
Nonetheless, based on what we investigated, MATHIESEN PERU SAC is a
moderate Peruvian company with more than 13 years of experience in the chemical
market. Payroll total 25 workers. It is supporter by Grupo Mathiesen, a
European-capital corporation, leader in supplying, distribution and solutions
for industry.
INSURANCE .-
Company
RIMAC INTERNACIONAL CIA. DE SEGUROS
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
The cited local suppliers
refused to give information and/or did not respond to our
request for reference.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed
Alphabetically.
Supplier _ Telephone _
Alzo Nobel Chemicals BV
Bakelite Italia SpA
Bamberger Polymers
International Corp.
Beh Meyer International Trading
Cognis Iberia SL
Colorantes Industriales
Dirox SA
Dow Corning Sud America
E.G.L. Agentes de Aduana
SA 615.4500
Eco International
Trading
Jebsen & Jessen
Jose Vicenti Silva Ag. Aduana
Loret de Mola Agencia de
Aduana 442.3858
Luigi Stoppani
Oxitena
Petroquímica Cuyo
Polisur
Química Oriental SA
R.Q. Distribuciones SA 421.1088
Retama Transamerica
Rokita
Schumann Sasul
LIST OF FOREIGN SUPPLIERS .-
Suppliers listed
Alphabetically.
Supplier _ Country _
Alzo Nobel Chemicals BV
Bakelite Italia SpA ITALY
Bamberger Polymers
International Corp.
Beh Meyer International
Trading MALAYSIA
Cognis Iberia SL SPAIN
Colorantes Industriales SPAIN
Dirox SA URUGUAY
Dow Corning Sud America BRAZIL
Eco International
Trading BELGIUM
Jebsen & Jessen GERMANY
Luigi Stoppani ITALY
Oxitena BRAZIL
Petroquímica Cuyo ARGENTINA
Polisur ARGENTINA
Química Oriental SA URUGUAY
Retama Transamerica CHILE
Rokita POLAND
Schumann Sasul GERMANY
CREDIT RISK CENTRAL .-
Subject Company was reported a
protested draft as of November 28, 2005 for US$18,613
Dollars. No similar cases were
reported subsequently.
LAWSUITS ? .-
No legal actions or claims have been brought against this Company.
BANKING INFORMATION
BANKERS
Bank Contact Account # DC FC
SCOTIABANK PERU 01014103126656 X
BANCO DE CREDITO DEL PERU
SA
193-0047229059 X
BANCO DE CREDITO DEL PERU
SA Jeny Oliveros 193-0041598190 X
Subject holds accounts in said banks.
Additional details were unavailable under internal policies.
SUPERINTENDENCY OF BANK &
INSURANCE - SBS .-
The SBS reported the following debts before the Financial System as at
31AUG2007 (Last Report)
Obligations DC(S/.) FC(US$)
Credit cards-contract 2,006.00 472.00
Discounts-drafts 0.00 30,290.00
Foreign trade credit 0.00 90,000.00
Letters of indemnity 0.00 26,100.00
Letters of credit 0.00 82,940.00
Banking acceptance 0.00 288,528.00
Others 243,829.00 0.00
-------------------- --------------------
Total Indebtedness S/. 245,835.00 US$ 518,330.00
Guarantees
S/. 0.00 US$
299,226.00
The SBS ranks Subject
Company's indebtedness before the Financial System as follows :
RATING % RATING DESCRIPTION ACCORDING TO THE SBS
X
NORMAL
100 Debtor meets payments on
time
PROBLEM POTENTIAL Debtor reveals certain
deficiencies not corrected appropriately
DEFICIENT Debtor presents worsening of category
with commercial problem
DOUBTFUL Debtor that reveals high risk
characteristics implying doubtful debt recovery
LOSS
Debtor whose credits are
estimated uncollectible
Debt structure for Bank
(domestic currency)
Bank Amount (S/.)
BCO.DE CREDITO 1,622,536.00
B.CONTINENTAL 262,256.00
As per the report dated July 31,
2007, the Superintendence of Bank and Insurance - SBS, reported obligations for
the sum of S/.246,621 Nuevos Soles and US$668,469 Dollars.
Rating: 100% NORMAL
It has been ranked in the same rating since 31.05.2007
As of April 30, 2007, Subject owed S/.3,193 Nuevos Soles and US$421,069
Dollars and the following rating:
44.18% NORMAL / 55.82% POTENTIAL PROBLEM
CREDIT OPINION
Consulted Credit Amount : INR250,000 Rupees /30 days Viable ? :
Subject is eligible to be extended a credit limit amounting to
US$160,000 Dollars.
NOTE: The Opinion given is confidential, referential and without liability.
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. |
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%)