MIRA INFORM REPORT
|
Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
INDUSTRIA CLAUDETTE S.A. |
|
|
|
|
Registered Office : |
Calle I Zona Industrial de Herrera, Santo Domingo |
|
|
|
|
Country : |
Dominican Republic |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
13.03.1986 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
Manufacture and Commercialization of chemical cleansers, inks, detergents,
products for water treatment as well as for industrial, domestic, hotel
maintenance, among others. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : INDUSTRIA CLAUDETTE S.A.
TAXPAYER REGISTRATION : RNC 101155795
OPERATING STATUS : Active
MAIN ADDRESS : Calle I Zona
Industrial de Herrera,
CITY/PROVINCE/STATE : Santo Domingo
COUNTRY :
DOMINICAN
REP.
TELEPHONE :
(1809)534.0650/530.1006
FAX :
(1809)530.3018
E - MAIL :
egonzalez@industriasclaudette.com
WEB SITE :
www.industriasclaudette.com
COMMENTS
Additional E-mails: claudette@verizon.net.do, cxpagar@canoindustrial.com
SUMMARY
Incorporation : 1986
Operating Status : Active
Last Capital : RD$100,000.= Pesos
Shareholders' Equity : RD$16,300,000.= Pesos (Al 31.12.2007)
Annual Sales : 119,520,000.00 Pesos
Financial Situation : LIGHTLY FAIR
Employees : 45
Payments : Usually to
terms/good
Business Trend : Stable, unchanged
QUALIFICATION
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock
Company
DATE OF INCORPORATION :
13MAR1986
REGISTERED IN :
Santo
Domingo
DURATION :
Indefinite
CURRENT PAID-IN CAPITAL : RD$100,000.= Pesos
SHAREHOLDERS' EQUITY :
RD$16,300,000.=
Pesos (As of 31.12.2007)
TYPE OF SHARES :
Registered
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : RD$35.14 per
US$1.= Dollar
COMMENTS.-
Subject refused to provide personal details of its members under
security reasons. It is only known that they all are Dominican.
It was not specified its shareholding structure. It was only informed
that the major investor is Mrs. Cristela Cañal Roldan.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP
%
CAÑAL ROLDAN, CRISTELA General
Manager Yes
TEJADA, AMERICO Finance
Manager
SANTANA, JULIO Accountant
WHO IS WHO ?
CAÑAL ROLDAN, CRISTELA
NATIONALITY : Dominican
PROFESSION : Businesswoman
CIVIL STATUS : Married
Associated as per our database to :
Company Title Tax. Reg.
Country
CANO INDUSTRIAL C. POR A. Vice-President 101019409 REP.
DOMIN
TEJADA, AMERICO
NATIONALITY : Dominican
RELATED COMPANY(IES)
COMPANY NAME COUNTRY TAX.REG. RELATION
CANO INDUSTRIAL C. POR A. DOMINICAN
RE 101019409 Related
BUSINESS
MAIN ACTIVITY .-
Subject is engaged in manufacture and commercialization of chemical
cleansers, inks, detergents, products for water treatment as well as for
industrial, domestic, hotel maintenance, among others.
Sold trademark: CLAUDETTE
IMPORT
: Yes (From Germany
and USA)
EXPORT
:
No
SELLING TERRITORY : 100% (Domestic
market)
EMPLOYEES : 45
FACILITIES .-
Use : Registered office, administrative office, and industrial plant
Remarks and other Premises .-
Facilities are shared with the company CANO INDUSTRIAL C. POR A.
COMMENTS .-
Its customers are distribution and industrial companies.
FINANCIAL INFORMATION
For this investigation, we interviewed Mrs. Yahaira Caceres (Accounting
Assistant), who, as duly authorized, verified information and provided main
accounts of the Balance Sheet as of 31.12.2007 (12 months), which are expressed
in Pesos.
BALANCE SHEET DATE :
31DEC2007 31DEC2006 31DEC2005
TYPE OF BALANCE SHEET : Annual Annual Annual
BALANCE SHEET OF : 12 months 12 months 12
months
CURRENCY : Pesos Pesos
Pesos
(thousands) (thousands) (thousands)
EXCHANGE RATE PER US$ : 33.21 33.38 33.88
ASSETS
TOTAL CURRENT :
47,353 45,775 31,011
FIXED
: 3,147 2,725 1,832
TOTAL ASSETS :
50,500 48,500 32,843
Continuación ...
: 31DEC2007 31DEC2006 31DEC2005
LIABILITIES
TOTAL CURRENT : 34,200 35,780
24,590
TOTAL EQUITY
: 16,300 12,720 8,253
TOTAL LIABILITIES
: 50,500 48,500 32,843
SALES
: 119,520 95,400 77,284
PROFIT (LOSS)
: 6,467 3,360 2,966
LIQUIDITY RATIO : 1.38
(Current Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO:
47.66%
(Shareholders'equity/Current Liabilities)
PROFITABILITY MARGIN:
5.41% (Profits/Sales)
WORKING CAPITAL : 13,153,000.00
(Current Assets - Current Liabilities)
FINANCIAL SITUATION: LIGHTLY FAIR
According to the last Financial Statement, Subject's Financial Position
is considered slightly Extended, as Liquidity Ratio is lightly acceptable.
Working Capital is lightly satisfactory. Liabilities are moderately supported
by shareholder's equity. Results are acceptable.
INSURANCE
It was not provide any information on insurance policies.
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 Open
Not specified 30 days
Prompt 2002 Raw material Domestic
2 RD$ 1,500,000.= Not
specified 30 days Prompt 1994 Raw material and chemical Domestic
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically.
There is not relationship as for the order above
Supplier _ Telephone _
Doperco SA/Srta.Mayra Rodriguez (1809)
5420655
Envases Tropicales C por A (1809)
5306515
Interquímica SA/Srta.Ivelice Rodriguez (1809)
5305505
CREDIT RISK CENTRAL
It was not found under subject's name any on protests, returned checks
or other financial restrictions.
It was not found under subject's name any records on payments in
default, punished portfolio, closed credits due to mishandling, or similar
issues.
CREDIT HISTORY
Its purchases are made at local and international level.
At local level, collected information suggests that until now subject
has paid its tax obligations in the established terms, deserving to be given a
good rating.
LAWSUITS ?
As of the date of this report, it was not found against the company any
criminal, civil and/or commercial judgments.
BANKING INFORMATION
BANKERS
Bank
BANCO POPULAR DOMINICANO
Subject carries out its financial operations through the above-mentioned
entity which did not provide information on handling of its accounts, under the
bank secrecy act.
CREDIT OPINION
Consulted Credit Amount : R 75,000.= at a
30-day term Viable ? : Yes
Subject is eligible.
NOTE: The Opinion given is confidential,
referential and without liability.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
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%)