MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
REFRACTARIOS RHI CHILE LTDA |
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Registered Office : |
Av. Presidente Eduardo Frei Montalva 3076, renca, Santiago |
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Country : |
Chile |
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Financials (as on) : |
31/12/2006 |
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Date of Incorporation : |
1966 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture and commercialization of refractory products for the
mining industry. |
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 : REFRACTARIOS RHI
CHILE LTDA.
TRADE NAME : "RHI CHILE
LTDA"
TAXPAYER REGISTRATION :
RUT
96.715.420-2 OPERATING STATUS: Active
MAIN ADDRESS :
Av.
Presidente Eduardo Frei Montalva 3076, renca
CITY/PROVINCE/STATE : Santiago
COUNTRY :
CHILE
TELEPHONE :
(562)385.4200/385.4242
FAX :
(562)385.4219
E - MAIL :
ivan.nunez@rhi.cl
SUMMARY
Incorporation : 1966
Operating Status : Active
Last Capital : US$ 20,000,000.=
Dólares USA
Shareholders' Equity : Ps$ 17,014,000,000.= Pesos (Al 31.12.2006)
Annual Sales : 13,675,000,000.00
Pesos
Finantial Situation : SATISFACTORY
Employees : 130
CR-Rating : Good
Payments : Usually to terms/good
QUALIFICATION
RATING : Good
PAYMENTS : Usually to
terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Limited
Liability Partnership
DATE OF INCORPORATION :
1966
REGISTERED IN :
Santiago
CURRENT PAID-IN CAPITAL : US$ 20,000,000.=
US$ Dollars
SHAREHOLDERS' EQUITY :
Ps$
17,014,000,000.= Pesos (As of 31.12.2006)
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$ 471.69 per
US$1.00 Dollar
HISTORY
Subject was established with the corporate name REFRACTARIOS CHILENOS
S.A., which later would be changed by HARBISON WALKER REFRACTARIOS S.A., and
finally in 2002, subject modified its corporate name to the present
REFRACTARIOS RHI CHILE LTDA.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
GONZALES HERRERA, ROBERTO
General Manager
ROBERT WERTHIM, PETER Adm. & Financial Manager
NUÑEZ SANCHEZ, WAN Chief of Finance
RHI AG Shareholder 100%
WHO IS WHO ?
GONZALES HERRERA, ROBERTO
NATIONALITY : Chilean BORN : 1964
RELATED COMPANY(IES)
No related companies were found.
COMPANY NAME COUNTRY TAX.REG. RELATION
RHI AG AUSTRIA Parent Co.
RHI CHILE S.A. CHILE 99561450-2
BUSINESS
MAIN ACTIVITY .-
Company is engaged in manufacture and commercialization of refractory
products for the mining industry.
IMPORT
: Yes From Brazil and China
% CREDIT SALES/TERMS :
100%
(30-day credit terms)
% DOMESTIC PURCHASES : 30%
% FOREIGN PURCHASES : 70%
SELLING TERRITORY : Domestic market
(100%)
EMPLOYEES :
130
FACILITIES .-
Premises : Own
Area : 20,000 sqm.
Floors : 2
Use : Legal domicile, administrative and selling offices, warehouse and plant
of Compa
Remarks and other Premises .-
Premises are shared with the related company.
COMMENTS .-
Subject's client portfolio is mainly composed by mining companies.
FINANCIAL INFORMATION
We interviewed Mr. Ivan Nuñez Sánchez, Chief of Finance, who kindly
provided general information of the investigated company, with the exception of
updated financial statements as they have not been prepared yet. As reference
we are providing below the main figures
of the Balance Sheet of this company as of 31.12.2006 (12 months), expressed in
Pesos, which are latest ones available from our database.
BALANCE SHEET DATE : 31DEC2006
TYPE OF BALANCE SHEET : Annual
BALANCE SHEET OF : 12 months
CURRENCY :
Pesos
EXCHANGE RATE PER US$ : 534.20
ASSETS
CASH/BANKS : 18,000,000.00
RECEIVABLES : 10,663,000,000.00
INVENTORY : 2,724,000,000.00
TOTAL CURRENT :
13,405,000,000.00
FIXED :
10,107,000,000.00
TOTAL ASSETS : 23,512,000,000.00
»
Continuación ... : 31DEC2006
LIABILITIES
BANKS/SUPPLIERS : 6,498,000,000.00
TOTAL CURRENT :
6,498,000,000.00
SHAREHOLDERS' EQUITY :
CAPITAL : 16,601,000,000.00
RESERVES : 413,000,000.00
TOTAL EQUITY : 17,014,000,000.00
TOTAL LIABILITIES : 23,512,000,000.00
SALES : 13,675,000,000.00
PROFIT (LOSS) : -196,000,000.00
LIQUIDITY RATIO : 2.06 (Current
Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO : 261.83% (Shareholders'equity/Current Liabilities)
PROFITABILITY MARGIN : -1.43% (Profits/Sales)
WORKING CAPITAL : 6,907,000,000.00 (Current
Assets - Current Liabilities)
FINANCIAL SITUATION : SATISFACTORY
Based on the last Financial Statement, Subject's Financial Position is
considered satisfactory. Liquidity ratio is adequate and is over average. Working capital is good and allows company
to meet payments promptly. Relation between shareholders' equity and
obligations is acceptable. Economic results have been satisfactory.
INSURANCE .-
Company Against
Amount Validity _
CIA DE SEGUROS ROYAL
All risks Not
specified Not specif
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance?_
Time _ Products/Services Supplier
1 Ps$ 40,000,000.= Ps$
30,000,000.= 30 days
Prompt 1994
Oil
Domestic
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically.
There is not relationship as for the order above
Supplier Telephone _
COPEC CIA DE PETROLEOS DE CHILE (562)4617000
METROGAS S.A. (562)3378000
LAWSUITS ? .-
As of today date no lawsuits have been found filed against the subject
company.
BANKING INFORMATION
BANKERS
Bank
BANCO WIESE
Subject carries out its operations through the above-mentioned banking entity
which did not provide information because of confidentiality policy.
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%)