MIRA
INFORM REPORT
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Report Date : |
27.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TECNICA UNIVERSAL S.A. |
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Registered Office : |
3 Calle 3-60, Zona 9, Guatemala CP 01009 |
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Country : |
Guatemala |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1953 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Import and Sale of Machinery for various Industrial Sectors |
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 : TECNICA UNIVERSAL S.A.
TRADE NAME : "TECUN"
TAXPAYER REGISTRATION : NIT 737909
OPERATING STATUS: Active
MAIN ADDRESS : 3 Calle 3-60, Zona
9
CITY/PROVINCE/STATE : Guatemala CP 01009
COUNTRY :
GUATEMALA
TELEPHONE : (502)2328.8888/2331.1882
FAX : (502)2328.8989
E - MAIL : tecun@guate.net
WEB SITE : www.tecun.net.gt
COMMENTS .-
Postal address: Apartado Postal 590,
Guatemala.
SUMMARY
Incorporation : 1953 Operating Status : Active
Last Capital : Q.55,514,000.=
Quetzales
Shareholders' Equity :
Q.104,000,000.=
Quetzales (31.12.2007)
Annual Sales : 723,000,000.00
Quetzals
Employees : 350
CR-Rating : Good
Payments : Usually to
terms/good
QUALIFICATION
RATING : Good
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 1953
REGISTERED IN : Guatemala
DURATION : Indefinite
REGISTRATION : No. 824, Page 114, Volume 04, File
11902/1971
CURRENT PAID-IN CAPITAL :
Q.55,514,000.=
Quetzals
LAST CAPITAL INCREASE : October 2005
SHAREHOLDERS' EQUITY : Q.104,000,000.= Quetzals (31.12.2007)
TYPE OF SHARES : Common, registered
or bearer
LISTED AT STOCK EXCHANGE: :
No
SHARE VALUE : Q.1,000.= Quetzals
CURRENT EXCHANGE RATE : Q.7.71 per US$1.00 Dollar
COMMENTS .-
Information on the shareholders was not available from the company and
could not be obtained from outside sources.
HISTORY
This Company was incorporated in 1953 under the
initial style JUAN U. MAEGLI Y CIA. LTDA., d.b.a. "SERVICIO DE PROTECCION
AGRICOLA MAEGLI".
Later, in 1968 it changed its name to the
one it currently uses: TECNICA UNIVERSAL SA, being able to use its abbreviated
form TECUN.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
MAEGLI MULLER, JUAN ULRICO President
MAEGLI NOVELLA, JUAN ESTUARDO Vice
President
LAMBOUR MENDEZ, RODOLFO Director
LAMBOUR CHOCANO, JORGE EDUARDO General
Manager
SANZAGERO, DIEGO Manager
of Machinery
PAZOS MATHEU, RODRIGO STUARDO Corp.
Finance Manager
PONCE, HECTOR Accountant
WHO IS WHO ?
MAEGLI MULLER,
JUAN ULRICO
NATIONALITY :
Guatemalan BORN : 07OCT1928
PROFESSION :
Agricultural
Engineer
LABOR AND/OR
BUSINESS BACKGROUNDS .-
Participates in the companies of "GRUPO
TECUN".
Associated as per
our database to :
Company Tax.
Reg. Country
GENERAL TECNICA SA 120346-0 GUATEMALA
TECNICA MOTRIZ SA 104739-6 GUATEMALA
TECNICA UNIVERSAL SALVADOREÑA SA DE CV 0614-061175-005-5 EL
SALVADO
MAEGLI NOVELLA,
JUAN ESTUARDO
NATIONALITY :
Guatemalan BORN : 27APR1958
DOC. OF IDENT. : CI A-01 553373
PROFESSION :
Agricultural
engineer
CIVIL STATUS :
Married
to María Isabel de Maegli
LABOR AND/OR
BUSINESS BACKGROUNDS .-
Place of birth: Guatemala.
Juan Ulrico Maegli Muller and María Marta
Novella Wyld's son.
Passport 2071842
Reported domiciles:
- Calle San Francisco No.541, Boulevard
Constitución - Guatemala
- 3 Calle 3-60, Zona 9, Guatemala
- 3 Avenida 30-21, Zona 9, Guatemala
- 8 Avenida 15-63, Zona 10, Guatemala
On 09.03.2006, PROMERICA SA reported payment
delays of 1 - 30 days in Mr. Juan Estuardo
Maegli Novela's credit card.
Participates with the companies of
"GRUPO TECUN".
Associated as per our database to :
Company Title Tax. Reg.
Country
AGROPECUARIA LA FE SA GUATEMALA
BRINDAJES MULTIPLES SA GUATEMALA
CENTRO DE ASESORIA Y DISEÑO
DE SISTEMAS SA GUATEMALA
COMPAÑIA DE DESARROLLO
SA GUATEMALA
COMPAÑIA DE PROYECTOS
DIVERSOS SA GUATEMALA
DESARROLLOS DEL NORTE
SA GUATEMALA
DESARROLLOS NOTABLES SA GUATEMALA
DISTRIBUIDORA DE
AUTOMOVILES SA GUATEMALA
EXPORTACION MULTIPLES
SA GUATEMALA
FUMIGACION Y MECANIZACION
AGRICOLA SA GUATEMALA
GENERAL TECNICA SA
120346-0 GUATEMALA
INMOBILIARIA TECUN SA GUATEMALA
INVERSIONES BASICAS SA GUATEMALA
INVERSIONES DE DESARROLLO
SA GUATEMALA
INVERSIONES PRIMORDIALES
SA GUATEMALA
INVERSIONES VITALES SA GUATEMALA
MAGU SA
GUATEMALA
MOTORES PANAMERICANOS
SA GUATEMALA
MULTIAUTOS SA GUATEMALA
PALMAS DE IZABAL SA GUATEMALA
PANACTE SA
GUATEMALA
PROMOCIONES ESENCIALES
SA GUATEMALA
PROMOCIONES TECNICAS
SA GUATEMALA
QUIMICA AGRO INDUSTRIAL
SA GUATEMALA
QUIMICOS AGRICOLAS
INSECTROL SA Substitute
Administr 153504-8 GUATEMALA
RECURSOS PRODUCTIVOS
SA GUATEMALA
REPUESTOS SA
GUATEMALA
SAL CHAPINA SA
GUATEMALA
SUPER REENCAUCHES SA GUATEMALA
TECNICA MECANICA SA GUATEMALA
TECNICA MOTRIZ SA
104739-6 GUATEMALA
TECNICA UNIVERSAL
SALVADOREÑA SA DE CV
0614-061175-005-5 EL SALVADO
TECNICAFE SA
GUATEMALA
UNION DE INVERSIONES
SA GUATEMALA
VEHICULOS INTERNACIONALES
SA GUATEMALA
LAMBOUR MENDEZ,
RODOLFO
NATIONALITY :
Guatemalan BORN : 30MAY1926
DOC. OF IDENT. : CI A-01 120506
Associated as per
our database to :
Company Title Tax. Reg.
Country
GENERAL TECNICA SA 120346-0 GUATEMALA
QUIMICOS AGRICOLAS INSECTROL SA General Manager 153504-8 GUATEMALA
LAMBOUR CHOCANO, JORGE EDUARDO
NATIONALITY :
Guatemalan BORN : 07DEC1952
PROFESSION :
Engineer
CIVIL STATUS :
Married
LABOR AND/OR
BUSINESS BACKGROUNDS .-
Time in GENERAL TECNICA S.A.: Since 1994
E-mail: jlambour@tecun.net.gt.
Associated as per
our database to :
Company Title Tax.
Reg. Country
GENERAL TECNICA SA 120346-0 GUATEMALA
QUIMICOS AGRICOLAS INSECTROL SA Administrator 153504-8 GUATEMALA
TECNICA MOTRIZ SA 104739-6 GUATEMALA
RELATED COMPANY(IES)
The Company is a member of "GRUPO
TECUN", which is comprised of various firms including:
COMPANY NAME COUNTRY TAX.REG. RELATION
CENTRO DE ASESORIA Y DISEÑO DE SISTEMAS SA GUATEMALA Related
GENERAL TECNICA SA GUATEMALA 120346-0 Related
INMOB. TECUN SA GUATEMALA Related
QUIMICA AGRO INDUSTRIAL SA GUATEMALA Related
SERVICIOS ADMINISTRATIVOS TECNICOS SA GUATEMALA Related
TECNICA MECANICA SA GUATEMALA Related
TECNICA MOTRIZ SA GUATEMALA 104739-6 Related
TECNICA UNIVERSAL HONDUREÑA SA DE CV HONDURAS Related
TECNICA UNIVERSAL SALVADOREÑA SA DE CV EL
SALVADOR 0614-061175-005-5 Related
BUSINESS
MAIN ACTIVITY .-
This Company is involved in import and sale
of machinery for various industrial sectors, such as: Construction market
(Crushers, paving spreaders, mixers, etc.), agri machinery, wood-working
machines and products for the agriculture sector (fertilizers, fungicides,
insecticides, weed-killers, etc.), veterinary products for the livestock
sector, etc.
They are exclusive representatives for MAZDA
(japanese trademark of vehicles)
Other trade brands subject sells:
"ELANCO", "ANCHOR", "FACO", "CASE",
"SCHIFFER", "RHONE", "SANOFI",
"FIATALLIS", "PUTZMEISER", "INVICTA", "SCMI",
"DYNAPAC", "CYPSA", "HOLZHER", etc.
IMPORT : Yes Machinery for
the industry, agri-veterinary products from Africa, Colombia, Brazil, Chile,
France, Italy, Japan, Mexico, Sweden and USA.
EXPORT : Yes To Costa Rica,
El Salvador, Honduras and Nicaragua.
% CASH
SALES/METHOD : 20%
% CREDIT SALES/TERMS : 80% (Terms: 3-18 months)
% FOREIGN SALES(COUNTRIES) :
2%
% DOMESTIC PURCHASES : 03%
% FOREIGN PURCHASES : 97%
SELLING TERRITORY : 98% nationally
EMPLOYEES : 350
FACILITIES .-
Premises :
Own
Area :
1,000
sq.m approx Floors : 3
Use : Administrative and
commercial offices also warehouses.
Remarks and other
Premises .-
Besides, this Company has four branches in
Guatemala, apart fromd subsidiaries in Honduras, El Salvador and Costa Rica.
COMMENTS .-
Imports are made via letters of credit at sight and/or against credits
at 120 days.
FINANCIAL INFORMATION
Mr. Wilfredo Gonzáles (Assistant Management
of Finance) with whom we had an interview provided general information and the
Balance Sheet dated December 31st., 2007, expressed in Quetzals.
For your reference we are also including in
this report the figures of the Balance Sheets of the company of its two
previous years 2006 & 2005, expressed in Quetzals (Q.).
TECNICA UNIVERSAL S.A. is a company of first
order, very solvent and serious.
BALANCE SHEET DATE : 31DEC2007 31DEC2006
31DEC2005
TYPE OF BALANCE SHEET :
Annual Annual Annual
BALANCE SHEET OF : 12 months 12 months 12 months
CURRENCY :
Quetzals Quetzals Quetzals
(thousands) (thousands) (thousands)
EXCHANGE RATE PER US$ : 7.69 7.61 7.59
ASSETS
TOTAL CURRENT : 516,000 449,694
270,120
FIXED : 72,000
48,122 37,878
TOTAL ASSETS : 588,000 497,816 307,998
Continuación ... : 31DEC2007 31DEC2006
31DEC2005
LIABILITIES
TOTAL CURRENT : 167,000 138,966
79,827
LONG TERM : 317,000
OTHERS : 281,351 160,434
TOTAL EQUITY : 104,000 77,499
67,737
TOTAL LIABILITIES : 588,000 497,816 307,998
SALES : 723,000
541,972 385,541
PROFIT (LOSS) : 27,000 20,032
9,486
LIQUIDITY RATIO :
3.09 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO : 62.28% (Shareholders'equity/Current Liabilities)
PROFITABILITY MARGIN : 3.73% (Profits/Sales)
WORKING CAPITAL :
349,000,000.00 (Current Assets - Current Liabilities)
PROPERTIES OF THE COMPANY .-
REGISTERED PROPERTY:
VEHICLES:
Found following motor vehicles registered to
be owned by this company:
(08) Pick Ups "MAZDA", model 2006,
license plates P399CTW, P062CZC, P384CTW, P410CTW,
P138CMG, P408CTW, P137CMG, P134CNG.
(03) Sport vans "HYUNDAI", model
2006, license plates P341CLV, P091CKR, P589CVG
(01) Pick Up "NISSAN", model 2006,
license plate P627CXR
(01) Pick Up "KIA", model 2006,
license plate P821CXG
(01) Truck "HYUNDAI", model 2006,
license plate C145BHQ
(01) Agri van "HYUNDAI", model
2006, license plate P234CWS
REAL ESTATES: The subject company is
registered as the owner of the following real
estates:
- Parcel of land in San Sebastián,
Retalhuleu. Estate 22645, Page 117, Book 85
- Parking lot 586, Zona 9, Guatemala. Estate
4531, Page 31, Book 10
- Parking lot 587, Zona 9, Guatemala. Estate
4532, Page 32, Book 10
- Offfice 416B, Nivel 4, Zona 9, Guatemala.
Estate 4017, Page 58, Book 2269
- Parcel of land 2-D, Villa Nueva,
Guatemala. Estate 158, Page 58, Book 2269
- Business premises 310, Zona 1 Guatemala.
Estate 1628, Page 128, Book 4.
Apart, Subject is indicated as the owner of
business premises located at 3 Calle 3-60,
Zona 9, Guatemala.
INSURANCE .-
Company Against
SEGUROS G Y T SA All risk
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1
Open credit US$
1,000,000.= 90 days
Prompt 12 years Chemicals Domestic
2
Open credit No
specified 60,90 days Prompt +5 years Machines and refractories Domestic
3
Open US$ 00-500,000.= 30,60 days Prompt 5 years
Hoists, spares Foreign
COMMENTS .-
Other suppliers we consulted in the local
market during this investigation have not answered our reference requests. It
is important to mention most of the purchases of this company are made from
foreign based suppliers.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed
Alphabetically. There is not relationship
as for the order above
Supplier _ Telephone _
Amanco de Guatemala (502) 24730404
Basf de Guatemala (502)
24457600
Case Corporation
Corporación Raymond de México SA de CV (5255) 53603783
David Brown
Dynapac Equipos SA de CV
Fiat Allis
Fiat Allis
Goulds Pumps
Husvarna
Idura
MC Culloch
MC Culloch
Montgomeri International
R.A. Lister
Toyota
Triumph
Tubofort SA (502) 63611111
LIST OF FOREIGN
SUPPLIERS .-
Suppliers listed
Alphabetically. There is not
relationship as for the order above
Supplier _ Country _ Telephone
_
Case Corporation U.S.A.
Corporación Raymond de México SA de CV MEXICO (5255)
53603783
David Brown
Dynapac Equipos SA de CV MEXICO
Fiat Allis BRAZIL
Fiat Allis U.S.A.
Goulds Pumps U.S.A.
Husvarna SWEDEN
Idura CHILE
MC Culloch
MC Culloch SWEDEN
Montgomeri International U.S.A.
R.A. Lister
Toyota JAPAN
Triumph U.S.A.
CREDIT HISTORY .-
No adverse were traced.
LAWSUITS ? .-
No lawsuits have been found filed against the Company name or against
its Vice President.
BANKING INFORMATION
BANKERS
Bank Contact
BANCO G & T CONTINENTAL SA Xiomara
Echevarria
BANCO REFORMADOR
BANCO AGROMERCANTIL SA
BANCO DE EXPORTACION SA
BANCO INDUSTRIAL SA
BANCO DEL CAFE SA
Subject is a client of the aforementioned banks which declined
references.
Outside Guatemala, the Company is a client of DRESDNER BANK
LATEINAMERIKA, Miami, USA.
Telephone: 305-530.0149.
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%)