MIRA
INFORM REPORT
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Report Date : |
25.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PROCTER &
GAMBLE INTERNATIONAL OPERATIONS S.A. |
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Registered Office : |
Loma Florida 32, Colonia Lomas de Vista Hermosa, Delegación Cuajimalpa |
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Country : |
Mexico |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Manufacture, Import and Trading of Mass
Consumption 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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : PROCTER & GAMBLE INTERNATIONAL OPERATIONS S.A.
TRADE NAME : "PROCTER & GAMBLE INTERNATIONAL OPERATIONS"
TAXPAYER REGISTRATION : RFC P&G-000413-AH9
OPERATING STATUS: Active
MAIN ADDRESS : Loma Florida 32,
Colonia Lomas de Vista Hermosa, Delegación
Cuajimalpa
CITY/PROVINCE/STATE : México D.F./Estado de México C.P. 05100
COUNTRY : MEXICO
TELEPHONE :
(5255)5724.2000
FAX : (5255)5724.2024
WEB SITE : www.pg.com.mx/www.pg.com
COMMENTS .-
It should be noticed the address placed in
your order IS NOT LOCATED IN COSTA RICA, IT BELONGS TO MEXICO.
SUMMARY
Incorporation : 2000 Operating
Status : Active
Last Capital : No precisado
Finantial Situation : UNDETERMINED
Employees : No cuenta con nómina de personal directa
Rating : Satisfactory
Payments : No further credit experience available
Business Trend : Undetermined
QUALIFICATION
RATING : Satisfactory
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 13APR2000
CURRENT PAID-IN CAPITAL :
Not
specified
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$10.22 per USA Dollar.
COMMENTS .-
No information regarding Subject's
incorporation papers has been traced.
Subject is a member of the "European
Organization for Caries Research-Orca".
HISTORY
PROCTER & GAMBLE OPERATIONS S.A. is a
Swiss company which has a representation office
in the city of Mexico to be able to operate
in the country in a normal and legal form.
Its offices in Switzerland are located at
47, Route de Saint-Georges, 1213,
Petit-Lancy, Geneva, Switzerland. Tel. 41 22 709 6111.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES /
COMPANY NAME TITLE OWNERSHIP %
DONATIENNE DE FONTAINES, GUILLAUME Commercial Vice President
DIDIER, ROSSI Global
Busin. Serv. Manag
THE PROCTER & GAMBLE CO. Shareholder Yes
WHO IS WHO ?
THE PROCTER &
GAMBLE CO.
It has been operating for over 165 years.
Subject was founded on October 31, 1837, by
Messrss: William Procter and James Gamble. It started operating as a little
company involved in the manufacture of candles and soaps, in the city of
Cincinnati, Ohio (USA).
Currently, Subject's worldwide sales, exceed
the 40 thousand million Dollars annually. Likewise, its name, brands, as well
as the consumption articles it produces, are well recognized in homes around
the world.
PROCTER & GAMBLE operates in 80 countries
around the world, and sells more than 300 trademarks of products in more than
140 countries. Otherwise, it hires
approximately 110 thousand people worldwide.
RELATED COMPANY(IES)
Subject is a subsidiary of THE PROCTER &
GAMBLE COMPANY, headquartered in the United
States.
COMPANY NAME COUNTRY TAX.REG. RELATION
PROCTER & GAMBLE MANUFACTURA, S. DE R.L.
D MEXICO P&G-480305-9U8
Related
THE PROCTER & GAMBLE CO. U.S.A. Parent Co.
BUSINESS
MAIN ACTIVITY .-
Subject is involved in the manufacture,
import and trading of mass consumption
products, such as: Toiletries; perfumes and
fragrances; cleansers; chemical substances,
among others.
Sold trademarks: "ARIEL",
"BOLD", "SALVO", "RINDEX", "DOWNY",
"ESCUDO", "ZEST",
"CAMAY", "VICK",
"PEPTO BISMOL", "CREST", "PANTENE",
"CHARMIN", "ALWAYS", among others.
IMPORT : Yes (From USA, France and Germany).
EXPORT : Yes
% CREDIT SALES/TERMS : 100% (Within 30 days)
% DOMESTIC
PURCHASES : 50%
% FOREIGN
PURCHASES : 50%
SELLING
TERRITORY : Domestic and
Foreign Market.
EMPLOYEES : It doesn't have
any direct worker payroll list.
FACILITIES .-
Use : Representation Offices
Remarks and other Premises .-
Corporate office is shared with Mexican
affiliates: Procter & Gamble Mexico S. de R.L.
de C.V., Procter & Gamble Manufactura S.
de R.L. de C.V.
Registered Office and Parent House are
located in: 47, Route de Saint Georges 1213,
Petit-Lancy, Geneva, Switzerland.
Telephone: 4122
7096111/7097320/8704320.
FINANCIAL INFORMATION
As in previous investigations, this report
has had to be prepared through several
external consulting sources, due to the unwilling
of Subject's executives to disclose
any kind of information, as it is regarded
confidential.
As a reference, we include herein
CONSOLIDATED FIGURES from PROCTER & GAMBLE COMPANY
and SUBSIDIARIES, as of 31.03.2008 (3
months), expressed in USA Dollars.
BALANCE DATE :
31MAR2008
TYPE OF BALANCE : Interim -
Consolidated
BALANCE OF : 3
months
CURRENCY :
US$ Dollars
EXCHANGE RATE PER US$ : 1.00
ASSETS
TOTAL CURRENT :
25,742,000,000.00
FIXED :
37,167,000,000.00
OTHERS :
82,496,000,000.00
TOTAL ASSETS :
145,405,000,000.00
LIABILITIES
TOTAL CURRENT :
31,263,000,000.00
OTHERS : 44,553,000,000.00
TOTAL SH' EQUITY :
69,589,000,000.00
TOTAL LIAB./SH' EQUITY : 145,405,000,000.00
SALES :
20,463,000,000.00
PROFIT (LOSS) :
2,710,000,000.00
RATIOS
LIQUIDITY RATIO : 0.82
(Current Assets/Current Liab.)
INDEBTEDNES RATIO : 222.59%
(Sh' Equity/Current Liab. %)
PROFITABILITY RATIO : 13.24% (Profit/Sales %)
WORKING CAPITAL : -5,521,000,000.00
(Current Assets-Current Liab.)
FINANCIAL
SITUATION : UNDETERMINED
Financial situation is considered to be
undetermined, as no accounting elements were available to assess Subject
results.
Nevertheless, we must point out PROCTER
& GAMBLE INTERNATIONAL OPERATIONS S.A. is a trading company, founded in
Switzerland, and incorporated in Mexico in 2001. Likewise,
it has the financial support and is backed
by the transnational THE PROCTER & GAMBLE
COMPANY.
PROPERTIES OF THE
COMPANY .-
Subject does not have any assets in the
country, as it only operates as a
representation office.
INSURANCE .-
Company Against Amount Validity _
ING-COMERCIAL AMERICA S.A. DE C.V. Not specified Not specified
Not specif
PAYMENTS RECORD
TRADE REFERENCES
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COMMENTS .-
Local consulted supplier refused to provide
any references regarding Subject, under
internal confidential policies.
Simultaneously, we consulted other local
trading sources, which mentioned not having
Subject as a client under credit
transactions.
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier _ Telephone _
Jean Patou
Lacoste
Teléfonos de México S.A. de C.V. (5255) 57033990
Wella AG
LIST OF FOREIGN
SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier _ Country _
Jean Patou FRANCE
Wella AG GERMANY
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO S.A.
Subject carries out its financial
transactions through the above mentioned bank.
It should be mentioned, in Mexico bank
references cannot be disclosed, if the current
account number is unknown, as well as the
agency and the name of the credits' officer
in which client's account was opened.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.30 |
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UK Pound |
1 |
Rs.84.02 |
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Euro |
1 |
Rs.66.42 |
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%)