MIRA
INFORM REPORT
|
Report Date : |
10.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PROCTER & GAMBLE PERU S.R.L. |
|
|
|
|
Registered Office : |
Felipe Pardo y Aliaga 695, San Isidro, Lima,27/Lima |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
1956 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Importation and Trade of mass consumer products including toilet soaps,
tooth paste, detergents, shampoos; diapers, sanitary pads; cosmetics; flue
medicine; snacks, etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : PROCTER & GAMBLE PERU S.R.L.
TRADE NAME : "P & G PERU, S.R.L."
TAXPAYER REGISTRATION : RUC 20100127165 OPERATING STATUS: Active
MAIN ADDRESS : Felipe Pardo y Aliaga 695, San Isidro,
CITY/PROVINCE/STATE : Lima,27/Lima
COUNTRY : PERU
TELEPHONE : (511)215.3300
FAX : (511)270.1502/221.7806/215.3400
E - MAIL : pacora.m@pg.com
WEB SITE : www.pg.com
SUMMARY
Incorporation : 1956 Operating Status : Active
Last Capital : S/.27,957,977.=
Nuevos Soles
Shareholders' Equity :
S/.109,556,603.=
Nuevos Soles (31.12.2005)
Annual Sales : 667,817,309.00
Nuevos Soles
Finantial Situation : UNDETERMINED
Employees : 145
Rating : Good
Payments : Usually to
terms/good
Business Trend : Undetermined
QUALIFICATION
RATING : Good
PAYMENTS : Usually to
terms/good
LEGAL BACKGROUNDS
LEGAL STATUS : Limited Liability Company
DATE OF
INCORPORATION : 09JAN1956
REGISTERED IN : Lima
DURATION : Indefinite
REGISTRATION :
Entry
1, Page 109, Volume 384; License 004083.
INITIAL
CAPITAL : S/.14,857,616.= Nuevos Soles
CURRENT PAID-IN
CAPITAL : S/.27,957,977.=
Nuevos Soles
SHAREHOLDERS'
EQUITY : S/.109,556,603.= Nuevos Soles (31.12.2005)
TYPE OF SHARES :
Profit
sharing
LISTED AT STOCK
EXCHANGE: No
CURRENT EXCHANGE
RATE : S/.2.98 per
US$1.00 Dollar
HISTORY
The Company was incorporated on January 9th, 1956 under the style
PROCTER & GAMBLE DEL PERU SA.
On January 18, 1971, it changed its name to DETERPERU SA.
Over the years, it absorbed by merger transaction the firms below named:
- FABRICA DE ACEITE SAN
JACINTO SA (Sep.1, 1993)
- SURFA SA (Oct.25, 1996)
- DETER INDUSTRIAL SA (Nov.
20, 1996)
On January 1st, 1997, The Company retook its original name: PROCTER
& GAMBLE PERU SA.
In July 2000, it splitted up part of its assets (industrial line) to
create a new firm named: P.& G. INDUSTRIAL PERU SRL.
Simultaneouly, it was transformed into a limited liability partnership
adopting the name it currently uses: PROCTER & GAMBLE PERU SRL.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
RAYGADA SOMMERKAMP, JAIME EUGENIO General
Manager
ROLDAN, ALFONSO Finance
Director
SALCEDO, EDUARDO Marketing
Director
ISAZA, CAMILA Director/Human
Res Mg
MONTOYA PEREZ, JAIME Director/Plant
Manager
CAVERO SAFRA, ENRIQUE Legal Department Manager
PEÑALOZA QUISPE, JOSUE Representative
RAMOS HOSTIA, MARIA ESTHER Representative
IVANKOVICH SOTO, NIKITZA MYRIAM Representative
D'ALESSIO BENZAKEN, MARCELA MARGARITA ELEN
Representative
DONOYAN ALMANDOZ, JEAN PAUL Representative
GOMEZ SANCHEZ VASQUEZ, CARMEN ROSA Representative
MORAN RODRIGUEZ, ELVA ROSA Representative
LEON, LUIS ANTONIO Representative
ROJAS, ROSA Accountant
THE PROCTER & GAMBLE CO. Shareholder 98%
THE PROCTER & GAMBLE MANUFACTURING CO. Shareholder 1%
THE PROCTER & GAMBLE DISTRIBUTION
CO. Shareholder 1%
WHO IS WHO ?
RAYGADA SOMMERKAMP, JAIME EUGENIO
NATIONALITY : Peruvian BORN : 07MAR1964
DOC. OF IDENT. : DNI 07783565 TAX.REGIS.: RUC 10077835658
BACKGROUNDS .-
He was appointed General Manager of PROCTER & GAMBLE CO. on
12.06.2003.
Got tax number (RUC 10077835658) on 04.04.2008 to operate as an
Individual with Business, with registered office at Calle Alfredo Salazar 661,
Dpto.601, San Isidro
(Lima, 27)
CAVERO SAFRA,
ENRIQUE
NATIONALITY : Peruvian BORN : 29OCT1965
DOC. OF IDENT. : DNI 08778159
PEÑALOZA QUISPE,
JOSUE
NATIONALITY
: Peruvian BORN : 21MAR1962
DOC. OF IDENT. : DNI 06803392
BACKGROUNDS .-
He was appointed Representative of PROCTER
& GAMBLE CO. on 15.03.2005.
RAMOS HOSTIA,
MARIA ESTHER
NATIONALITY : Peruvian BORN : 21MAR1962
DOC. OF IDENT. : DNI 08636005
BACKGROUNDS .-
She was appointed Representative of PROCTER
& GAMBLE CO. on 15.03.2005.
IVANKOVICH SOTO,
NIKITZA MYRIAM
NATIONALITY : Peruvian BORN : 21JUL1971
DOC. OF IDENT. : DNI 09540265
BACKGROUNDS .-
She was appointed Representative of PROCTER
& GAMBLE CO. on 26.05.2006.
D'ALESSIO
BENZAKEN, MARCELA MARGARITA ELENA
NATIONALITY : Peruvian BORN : 04AUG1971
DOC. OF IDENT. : DNI 09752669
BACKGROUNDS .-
She was apppointed Representative of PROCTER
& GAMBLE CO. on 26.05.2006.
DONOYAN ALMANDOZ,
JEAN PAUL
NATIONALITY : Peruvian BORN : 19DEC1964
DOC. OF IDENT. : DNI 10005820
BACKGROUNDS .-
He was appointed Representative of PROCTER
& GAMBLE CO. on 26.05.2006.
GOMEZ SANCHEZ
VASQUEZ, CARMEN ROSA
NATIONALITY : Peruvian BORN : 11APR1962
DOC. OF IDENT. : DNI 25531269
BACKGROUNDS .-
He was appointed Representative of PROCTER
& GAMBLE CO. on 15.03.2005.
MORAN RODRIGUEZ,
ELVA ROSA
NATIONALITY : Peruvian BORN : 13DEC1980
DOC. OF IDENT. : DNI 40691360
BACKGROUNDS .-
She was appointed Representative of PROCTER
& GAMBLE CO. on 15.03.2005.
LEON, LUIS ANTONIO
NATIONALITY : Foreigner BORN : 09APR1961
BACKGROUNDS .-
C.E. 000305823
He was appointed Representative of PROCTER & GAMBLE CO. on
26.05.2006.
THE PROCTER & GAMBLE CO.
U.S.A. based company, founded on 31.10.1837 by William Procter and James
Gamble.
It was started as small company manufacturing candles and soaps in the
city of
Cincinnati, Ohio (USA).
Currently, sales of this company at
worldwide level exceed the 70 billion dollars
annually, its name, brands and consumer
goods it produces are recognized in homes
around the world.
PROCTER & GAMBLE has operations in 80
countries of the world and sells more than 300
product brands in more than 140 nations.
Company hires approximately 102 thousand
people worldwide.
THE PROCTER & GAMBLE MANUFACTURING CO.
U.S.A. based company.
THE PROCTER & GAMBLE DISTRIBUTION CO.
U.S.A. based company.
RELATED COMPANY(IES)
The Subject is related to the
firms:
COMPANY NAME COUNTRY TAX.REG. RELATION
P.& G. INDUSTRIAL PERU
SRL PERU 20470531968 Related
PROCTER & GAMBLE CHILE
LTDA. CHILE 96.656.660-4 Related
PROCTER & GAMBLE COLOMBIA,
LTDA COLOMBIA
8000009464 Related
PROCTER & GAMBLE
INDUSTRIAL COLOMBIA, LTDA COLOMBIA 8300806747 Related
PROCTER & GAMBLE
MANUFACTURA, S. DE R.L. D MEXICO P&G-480305-9U8 Related
SURFAC S.R.LTDA. ERU 20100151899 Related
THE PROCTER & GAMBLE
CO. U.S.A. Parent Co.
THE PROCTER & GAMBLE
DISTRIBUTION CO. U.S.A. Related
THE PROCTER & GAMBLE
MANUFACTURING CO. U.S.A. Related
BUSINESS
MAIN ACTIVITY .-
Importation and trade of mass consumer products including toilet soaps, tooth
paste, detergents, shampoos; diapers, sanitary pads; cosmetics; flue medicine;
snacks, etc.
Trade brands: "ARIEL",
"MAGIA BLANCA", "ACE" "SALVO", "ORVUS",
"SAPOLIO", "AYUDIN", "CAMAY", "SAFEGUARD,
"MONCLER", "FORMULA 44", "VICK VAPORUB",
"VITAPYRENA", "OLD SPICE", "SECRET",
"ALWAYS", "PAMPERS", "CREST",
"PANTENE", "MAX FACTOR", "REVLON",
"PRINGLES", etc.
IMPORT : Yes From Germany,
Argentina, Bolivia, Brazil, Canada Chile, China, Colombia, Korea,
Denmark,
Ecuador, USA, Mexico, Panama, U.K., Switzerland, Tunicia.
Annual Imports in US $(CIF) :
Year Amount
2005 79,904,538.00
2006 113,140,431.00
2007 123,410,313.00
2008 54,638,075.00
EXPORT : Yes To Argentina, Bolivia, Colombia, Ecuador,
Mexico, Panama.
Annual Exports in US $(FOB) :
Year Amount
2005 7,509,504.00
2006 10,406,948.00
2007 11,907,476.00
2008 5,577,389.00
% CASH SALES/METHOD : 50%
% CREDIT SALES/TERMS : 50% - Invoices and drafts at 30 days
% FOREIGN SALES(COUNTRIES : 05%
SELLING TERRITORY :
95% nationally
EMPLOYEES : 145
FACILITIES .-
Premises : Own
Floors : 12
Condition : Good; modern infrastructure
Use : Registered office,
administrative and commercial offices.
Remarks and other Premises .-
Company is reported the
following addresses:
- Av. Materiales 2920, Zona
Industrial, Lima (Lima,1)
- Av. Universitaria 396, Zona
Industrial, Lima (Lima,1)
- Av. República de Panamá
4575, Surquillo (Lima,34)
- Jr. Contralmirante Montero
1353, Surquillo (Lima,34)
- Av. Materiales 2895, Zona
Industrial, Lima (Lima,1)
- Av. República Argentina
5799, Zona Industrial, Elemental y Liviana,
Carmen de la Legua, Reynoso
(Callao,3)
- Av. Nestor Gambeta Km.36,
Zona Industrial, Ex-Fundo San Agustín (a 2 Kms.
de la Carretera Ventanilla)
Callao (Callao,1)
- Av. Meiggs Enrique 324, Urb.
Parque Internacional, Callao (Callao,1)
COMMENTS .-
Company operates with RUC
20100127165 (TAX ID) since 09.01.1956, updated on 10.07.2003
to dedicate to wholesale
business of various products, and with legal seat at Av. Pardo
y Aliaga 695, San Isidro -
Lima.
Customer base is principally
made up by distributors in this branch of business and
supermarket chains, including:
- Hipermercados Metro SA
- Supermercados Santa Isabel
SA
- E. Wong SA
FINANCIAL INFORMATION
In spite of several verbal and written requests, the persons who
attended us communicated us per strict orders from the General Controller, it
would not be posible to reveal figures of the financial statements, but they
confirmed basic information in regards to the Company , which was supplemented
with data gathered through our investigations in different external sources and
official registries. Although a long search was made it was not possible to
secure updated balance sheets of the Company. We only got an extract of the
Consolidated Balance Sheet of the parent Company THE PROCTER & GAMBLE CO.
and Subsidiaries, including the subject as of 31.12.2007, expressed in U.S.
Dollars(US$).
BALANCE SHEET DATE :
31DEC2007
TYPE OF BALANCE SHEET :
Consolidated
BALANCE SHEET OF : 12 months
TYPE OF CURRENCY : US$ Dollars
ASSETS
TOTAL CURRENT :
5,354,000,000.00
FIXED :
19,540,000,000.00
OTHER :
113,120,000,000.00
TOTAL ASSETS :
138,014,000,000.00
LIABILITIES
TOTAL CURRENT :
30,717,000,000.00
LONG-TERM :
40,537,000,000.00
SHAREHOLDERS' EQUITY :
66,760,000,000.00
TOTAL LIABILITIES/EQUITY: 138,014,000,000.00
SALES :
76,476,000,000.00
PROFIT (LOSS) : 10,340,000,000.00
RATIOS
LIQUIDITY : 0.17 (Current
Assets/Current Liabilities)
DEBT TO EQUITY :
217.34% (Equity/Current Liabilities %)
PROFITABILITY RATIO :
13.52% (Profit/Sales %)
WORKING CAPITAL :-25,363,000,000.00 (Current Assets-Current
Liabilities)
For
reference purpose, we are also attaching below the General Balance Sheet of the
subject Company ended 31.12.2005, expressed in Nuevos Soles (S/.)
BALANCE SHEET
DATE : 31DEC2005 31DEC2004
BALANCE SHEET OF : 12 months 12 months
CURRENCY : Nuevos Soles Nuevos Soles
EXCHANGE RATE PER
US$ : 3.44 3.30
ASSETS
TOTAL CURRENT : 195,345,354.00
OTHERS :
8,252,808.00
11,093,000.00
TOTAL ASSETS :
203,598,162.00 11,093,000.00
LIABILITIES
TOTAL CURRENT : 94,041,559.00
TOTAL EQUITY : 109,556,603.00
TOTAL LIABILITIES :
203,598,162.00
SALES : 667,817,309.00
616,442,000.00
PROFIT (LOSS) : 0.00 12,131,000.00
LIQUIDITY RATIO : 2.08
(Current Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO: 116.50%
(Shareholders'equity/Current Liabilities)
WORKING CAPITAL :
101,303,795.00
(Current Assets - Current Liabilities)
FINANCIAL SITUATION : UNDETERMINED
The financial situation of the Company is deemed to be Indeterminate
because of lack of updated financial
elements to assess its results. Its individual figures at 31.12.2005 although
outdated reveal an important sales income level in the order of
US$194,132,938.66 Dollars that year.
We are reporting upon a large and highly regarded Company referred to be
a leader in its segment of the market , and which besides counts with support
from its Parent Company in the United States, the firm THE PROCTER & GAMBLE
CO. whose consolidated sales income exceeds the US$76 thousand millions
dollars.
Nothing adverse was learnt against the Subject during our research that
might affect in any manner its business reputation, with exception of a small
debt before SAT CALLAO, considered irrelevant considering the Company size of
operations .
INSURANCE .-
Company Against Validity
_
RIMAC INTERNACIONAL CIA. DE
SEGUROS All risk Yearly
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 Open S/. 20,000.= Transf. 30 da Prompt 10+years Containers
Domestic
2 Open US$ 1,000,000.= Inv. 30 days Prompt +10 yrs. Sulfonic acid
Domestic
3 US$ 60,000.=
Ch/ 15 days Prompt 2001 Customs
service Domestic
COMMENTS .-
Other consulted suppliers have not answered our reference requests yet.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically.
There is not relationship as for the order above
Supplier _ Telephone _
CLI ADUANAS S.A. (511) 4204666
GLORIA S.A. (511) 4707170
INDUSTRIAS DEL ENVASE S.A. (511) 5741150
QUIMPAC S.A. (511)
6142000
SAN MIGUEL INDUSTRIAL S.A. (511) 3365428
CREDIT RISK CENTRAL .-
No protested bills , bad checks, debt in legal collection or neglected
tax debt were found against this company.
However, subject is reported at this moment an overdue debt amounting to
S/.140.= Nuevos Soles in favour of SAT CALLAO, due since 21.01.2008.
Positive Report: According to SUNAT (State's Tax Collector), the Subject
is operating under prompt taxpayers solidarity regime, according to R.J.
No.001-004-00000575.
LAWSUITS ? .-
As of report date, no lawsuits have been found filed against this
Company.
BANKING INFORMATION
BANKERS
Bank Account
# DC
BANCO INTERBANK
BANCO DE CREDITO DEL PERU 290380 X
Suject deals with the aforementioned banks.
SUPERINTENDENCY OF BANK & INSURANCE - SBS .-
The SBS reported the following debts before the Financial System as at
31MAY2008 (Last Report)
Obligations DC(S/.) FC(US$)
Overdrafts-current account 271,308.00 0.00
Letters of indemnity
2,474,882.00 0.00
-------------------- --------------------
Total Indebtedness S/. 2,746,190.00 US$ 0.00
Guarantees S/. 0.00 US$ 0.00
The SBS ranks Subject Company's indebtedness before the Financial System
as follows :
RATING %
RATING DESCRIPTION
ACCORDING TO THE SBS
X NORMAL 100 Good Financial Situation, Prompt payments, Consistent and Updated Information
PROBLEM POTENTIAL Satisfactory Financial Situation but cash
flow can weaken which causes payment
DEFICIENT
Deficient Financial Situation with cash problems, profits shortage,
continuos
DOUBTFUL Heavy Financial Situation,
cash flow shortage, continuos delayed payments, ove
LOSS Bad Financial
Situation, cash flow does not cover production costs, Declared b
Debt structure for Bank (domestic currency)
Bank Amount (S/.)
BCO.SCOTIABANK 271,308.00
As of 30.04.2008, the SBS reported debt obligations of this company
amounting to S/.2,577,315.= Nuevos Soles.
The SBS gives the normal rating (100%) to the Subject since 31.12.2005.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.16 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.95 |
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%)