MIRA
INFORM REPORT
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Report Date : |
23.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HRI SA |
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Registered Office : |
Panamericana Norte
18900 Km.19, Lampa – Chacabuco |
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Country : |
Chile |
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Date of Incorporation : |
26.07.1993 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Importation,
exportation, manufacture, assembly, distribution, purchase and sale of
products, equipment, machineries, replacement parts used in the mining sector,
industry and commerce. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT
COMPANY NAME : HRI
S.A.
OPERATING
STATUS : Active
MAIN
ADDRESS : Panamericana Norte 18900 Km.19
CITY/PROVINCE/STATE :
Lampa - Chacabuco
COUNTRY : CHILE
TELEPHONE : (562)592.3500
FAX :
(562)593.3531
WEB
SITE : www.bafcoprocesos.cl
SUMMARY
Incorporation :
1993
Operating
Status : Active
Last
Capital : Ps$200,845,294.00
Pesos (4,700 Acc.)
Finantial
Situation : UNDETERMINED
Employees :
91
Rating :
Good
Payments : No further credit experience available
QUALIFICATION
RATING
: Good
PAYMENTS
: No
further credit experience available
LEGAL BACKGROUNDS
LEGAL
STATUS : Joint-Stock Company
DATE
OF INCORPORATION : 26JUL1993
REGISTERED
IN : Santiago
NOTARY
OFFICE : Mario Farren Cornejo
DURATION : Indefinite
CURRENT
PAID-IN CAPITAL : Ps$200,845,294.00 Pesos (4,700 shares)
TYPE
OF SHARES : Nominatives
LISTED
AT STOCK EXCHANGE : No
CURRENT
EXCHANGE RATE : Ps$462.72 per 1.00 U.S.
Dollar
HISTORY
Pursuant to Public Deed
of date 30.05.2001, before Notary Fernando Alzate Claro, Deputy Antonieta
Mendoza Escalas de Santiago, a change of name was implementd from BAFCO
PROCESOS S.A. to HRI S.A.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL
NAMES / COMPANY NAME TITLE OWNERSHIP
%
HARMS, RURY General Manager
ARAYA LARENAS,
GUILLERMO Manager of Finance
ESPINOZA MUÑOZ,
RODDY Commercial Manager
INFANTE ROGERS,
FRANCISCO Assistance General Manager
LASTRA, GLORIA Accountant
ROGERS SQUELLA, MIGUEL
LUIS Shareholder Yes
BAFCO MINERIA Y SERVICIOS
S.A. Shareholder Yes
WHO IS WHO ?
BAFCO
MINERIA Y SERVICIOS S.A.
Company engaged in
import, repair and sale of equipment and machinery for the mining sector and
the industry.
RELATED COMPANY(IES)
COMPANY
NAME COUNTRY TAX.REG. RELATION
BAFCO MINERIA Y SERVICIOS
S.A. CHILE 96623160-2 Parent Co.
RAICO S.A. CHILE 76323080-5 Related
BUSINESS
MAIN
ACTIVITY .-
Importation, exportation,
manufacture, assembly, distribution, purchase and sale of products, equipment,
machineries, replacement parts used in the mining sector, industry and
commerce. Advisory assistance and maintainance and repair service. Mining
company.
IMPORT :
Yes From Germany,
Australia, Austria, Brazil, Canada, China, England, Italy, Japan and USA.
Annual Imports in US
$(CIF) :
Year Amount
2006 1,726,042.00
2005 1,553,823.38
2007 2,721,777.00
EXPORT : Yes To USA.
Annual Exports in US
$(FOB) :
Year Amount
2005 14,634.75
2006 5,357.00
2007 4,707.00
%
FOREIGN SALES(COUNTRIES) : 01%
%
DOMESTIC PURCHASES : 01%
%
FOREIGN PURCHASES : 99%
SELLING
TERRITORY : 99% - Nationwide.
EMPLOYEES : 91
FACILITIES
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Use : At caption address we find the general offices of
the company.
Remarks and other
Premises .-
Building with offices of
400 sqms. contained in two stories and 1,300 sqm. of workshops on a total land
surface area of 14,000 sqm, located at an industrial zone accross a
normally-transited road, construction in good condition.
There is a branch, but
the address was not specified.
COMMENTS
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Main clients of the
company are mining companies.
Its 06 most important
clients are:
- Corporación Nacional
del Cobre de Chile
- Cía. Minera Zaldivar
- Minera Sur Andes S.A.
- Enap Refinerias S.A.
- Celulosa Arauco y
Constitución S.A.
- Empresas CMPC S.A.
FINANCIAL INFORMATION
Mr. Miguel Rogers Squella
(Shareholder) with whom we spoke provided us general information about the
company, with the exception of its financial figures as this data is regarded
confidential.
FINANCIAL
SITUATION : UNDETERMINED
The financial situation
of the company is considered Undetermined due to lack of financial elements
enabling us to assess its current financial results.
It should be mentioned
many times refusal of businesses to provide their figures is deliberate to hide
a financial imbalance, but this opinion is not definitive.
HRI S.A. is a big and
well-established company on its sector of the market, which is operating
normally with no known difficulties.
PROPERTIES
OF THE COMPANY .-
The company has
available:
15 service vans (years 2005,
2006, 2007 Mitsubishi, Sangyong and Chevrolet), 03 trucks V.W. and 02 delivery
freight vans CITROEN, BERLING0 of year 2007
INSURANCE
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Company Against
CIA. DE SEGUROS GRLES LA
INTERAMERICA SA All risk
CIA.DE SEG.GRALES.PENTA
SECURITY SA All risk
Company also maintains an
insurance policy which covers work accidents and inventories with MAPFRE
GARANTIAS Y CREDITO S.A. CIA. DE SEGUROS.
PAYMENTS RECORD
TRADE
REFERENCES .-
COMMENTS .-
The local suppliers we
consulted during the course of our investigation only confirmed subject is
their client (They did not give us more particulars).
Most of the purchases of
the company are carried out from foreign based suppliers.
LIST
OF DOMESTIC SUPPLIERS .-
Suppliers listed
Alphabetically.
Supplier
BROCE MANUFACTURING
CAMBELT INTERNATIONAL
CORP
COOPER TURBOCOMPRESOR
INC
DRILLCO PERFORACIONES
S.A.
DRILLCO TOOLS S.A.
EMTROL CORP.
LIGHTNING
NIGBO
CREDIT
RISK CENTRAL .-
No protested bills, returned
cheques due to insufficient funds, delinquent debts or labour infringements
were traced against the subject during the course of our investigation.
BANKING INFORMATION
BANKERS
Bank
BANCO DE CREDITO E
INVERSIONES
BANCO DEL DESARROLLO
Per inside policies the
above named banks do not provide references about their clients.
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%)