MIRA
INFORM REPORT
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Report Date : |
26.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIEDAD INDUSTRIAL JORRAT Y ZAMORA S.A. |
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Registered Office : |
Zenteno 1646 Santiago de Chile |
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Country : |
Chile |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1979 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Sale of Articles for Industrial Safety, Safety Shoes, among other
products |
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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : SOCIEDAD INDUSTRIAL JORRAT Y ZAMORA S.A.
TAXPAYER REGISTRATION : RUT 99.567.520-K OPERATING STATUS: Active
MAIN ADDRESS : Zenteno 1646
CITY/PROVINCE/STATE : Santiago de Chile
COUNTRY : CHILE
TELEPHONE : (562)556.2834
FAX : (562)556.2826
E - MAIL : jjorrat@adsl.tie.cl
WEB SITE : www.jorratyzamora.cl
SUMMARY
Incorporation : 1979 Operating Status : Active
Last Capital : No precisado.
Shareholders' Equity :
US$550,000.=
Dólares (Al 31.12.2007)
Annual Sales : 1,900,000.00 US
Dollars
Finantial Situation : FAIR
Employees : 100
CR-Rating : Satisfactory
Payments : Usually to
terms/good
Business Trend : Stable, unchanged
QUALIFICATION
RATING : Satisfactory
PAYMENTS : Usually to
terms/good
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 1979
REGISTERED IN : Santiago de Chile.
DURATION : Indefinite
CURRENT PAID-IN CAPITAL :
Not
specified
SHAREHOLDERS' EQUITY : US$550,000.= Dollars (as of 31.12.2007)
TYPE OF SHARES : Nominatives.
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$430.35 per 1.00 US Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
JORRATT ZARATE, JAVIER General Manager 40%
ZAMORA JORRATT, RODRIGO Commercial Manager 60%
JORRATT ZARATE, ZAYDA Chief Credits&Collections
WHO IS WHO ?
JORRATT ZARATE,
JAVIER
NATIONALITY
: Chilean
PROFESSION
: Businessman
ZAMORA JORRATT,
RODRIGO
NATIONALITY
: Chilean
RELATED COMPANY(IES)
No related companies were found.
BUSINESS
MAIN ACTIVITY .-
Sale of articles for industrial safety,
safety shoes, among other products.
IMPORT
: Yes From Brazil, India.
Annual Imports in
US $(CIF) :
Year Amount
2006
92,606.00
EXPORT
: No
% CASH SALES/METHOD : 10%
% CREDIT SALES/TERMS : 90% (Terms: 30,60,90 days).
% DOMESTIC PURCHASES : 60%
% FOREIGN PURCHASES : 40%
SELLING TERRITORY : 100% nationally
EMPLOYEES : 100
FACILITIES .-
Premises :
Own
Area :
600
sqm.
Equipment :
Adequate
for development of their activities.
Condition :
Good.
Use : Legal Seat, Administrative
Offices and Warehouses.
Remarks and other
Premises .-
Plant: Located at Zenteno 1609, Santiago de
Chile.
FINANCIAL INFORMATION
During the course of our investigaton we
interviewed mister Javier Jorrat, General Manager, who verified information and
upon much insistence provided estimated figures of the balance sheet of the
firm dated December 31st., 2007 (12 months), expressed in U.S. Dollars.
In regards to the cited figures , he stated operational income of the
firm as of 31.12.2007 demonstrates a 30% rise in comparison to the preceeding
year. In addition, they forecast this current fiscal period sales will grow 20%
more.
BALANCE SHEET
DATE : 31DEC2007
TYPE OF BALANCE SHEET : Annual
BALANCE SHEET OF : 12 months
CURRENCY :
US
Dollars
ASSETS
TOTAL
CURRENT : 100,000.00
FIXED : 900,000.00
TOTAL ASSETS : 1,000,000.00
Continuación
... :
31DEC2007
LIABILITIES
TOTAL CURRENT : 200,000.00
LONG TERM : 250,000.00
TOTAL EQUITY : 550,000.00
TOTAL LIABILITIES : 1,000,000.00
SALES : 1,900,000.00
LIQUIDITY RATIO :
0.50 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO : 275.00% (Shareholders'equity/Current
Liabilities)
WORKING CAPITAL : -100,000.00 (Current Assets - Current
Liabilities)
FINANCIAL
SITUATION : FAIR
Latest financial statements show the Company
working with negative working capital. Networth on the other hand covers in appropriate
form the company debt. Results of period not disclosed.
INSURANCE .-
Company Against Amount Validity _
ATSA General risks
US$200,000.= 08.2008
PAYMENTS RECORD
TRADE REFERENCES
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Line of Credit _ Monthly Average _ Terms(days)) Performance?
_ Time _ Products/Services
Supplier
1
No specified No specified 90 days Prompt 2001 Industrial products
Domestic
2
Open Ps$ 1,000,000.= 60 days Prompt 2005 Safety articles.
Domestic
3
Open Ps$ 3-5,000,000 90 days Prompt 2003 Security articles
Domestic
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier _ Telephone _
APRO LTDA./Miriam Sanchez 562 5447600
GARMENDIA MACUS S.A./Milton Perez 562 4229500
JAIME Y SELUME CIA. LTDA./Olga Valle 562 7075700
BANKING INFORMATION
BANKERS
Bank
BANCO CREDITO E INVERSIONES
BANCO SANTANDER SANTIAGO
All financial transactions of this firm are carried out through the
above named banks, which do not provide references per privacy laws governing
disclosure of banking information in the country.
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%)