MIRA INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MATHIESEN PERU S.A.C. |
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Registered Office : |
A. Las Torres 180 Urbanización El Pino, San Luis, Lima,30 / Lima |
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Country : |
Peru |
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Date of Incorporation : |
27.01.1994 |
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Com. Reg. No.: |
Card 112179 (24.05.1994) |
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Legal Form : |
Closely-held Corporation |
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Line of Business : |
Importer of Chemical Products to be used as Raw Material for several industries
(Leather, Textile, Plastics, Paper, Construction, Food, Cosmetics, Mining,
Petroleum, Chemicals, Detergents, Tanning, Paints, Adhesives). |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : MATHIESEN PERU
S.A.C.
TAXPAYER REGISTRATION :
RUC
20207190285
OPERATING STATUS : Active
MAIN ADDRESS :
A.
Las Torres 180 Urbanización El Pino, San Luis
CITY/PROVINCE/STATE : Lima,30 / Lima
COUNTRY :
PERU
TELEPHONE :
(511)326.3322/326.1080
FAX :
(511)326.3192/322.1080
E - MAIL :
gfaundes@grupomathiesen.com
WEB SITE :
www.grupomathiesen.cl
SUMMARY
Incorporation :
1994
Operating Status : Active
Last Capital :
S/.6,938,500.=
Nuevos Soles
Annual Sales :
36,806,140.00
Nuevos Soles
Financial Situation :
UNDETERMINED
Employees :
22
Payments :
Usually
to terms/good
Business Trend :
Stable,
unchanged
QUALIFICATION
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Closely-held
Corporation
DATE OF INCORPORATION :
27JAN1994
REGISTERED IN : Lima
NOTARY OFFICE :
Ernesto
Velarde Arenas
DURATION :
Indefinite
REGISTRATION :
Card
112179 (24.05.1994)
INITIAL CAPITAL :
S/.220,000.=
Nuevos Soles
CURRENT PAID-IN CAPITAL : S/.6,938,500.= Nuevos
Soles
TYPE OF SHARES :
Registered
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : S/.3.09 per US$1.=
Dollar
COMMENTS
According to SUNAT (National Tax Authority), Mathiesen Perú S.A.C. was
incorporated in the System of Good Taxpayers (Resolution 0110050000217) as from
01.10.2005.
Furthermore, it was incorporated into the System of Tax Withholding
Agents (R.S.174-2005) as from 01.10.2005.
HISTORY
Subject was incorporated on 24.05.1994 under the corporate name
LATIMPORT S.A. On 30.11.1998, it adopted its currently used corporate name
MATHIESEN PERU S.A.C.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL
NAMES / COMPANY NAME TITLE OWNERSHIP
%
DANESSI, GUILLERMO General Manager
FAUNDES BRAVO, GERMAN GUIDO Finance/Operat. Manager
PACHECO DE LA FUENTE,
NICANOR Commercial
Manager
BEDOYA PERALES, MARIA
TERESA Accountant
GOMEZ GIULFO, GUILLERMO Shareholder 0.001%
GUSSE SA Shareholder 99.998%
WHO IS WHO ?
FAUNDES BRAVO, GERMAN GUIDO
BACKGROUNDS .-
Passport No.: 10.335.691-1
Foreigner's ID Card No.: 00255800
PACHECO DE LA FUENTE, NICANOR
NATIONALITY : Peruvian BORN : 29OCT1946
DOC. OF IDENT. : DNI 07879114
BEDOYA PERALES, MARIA TERESA
NATIONALITY : Peruvian BORN : 15MAR1961
DOC. OF IDENT. : DNI 08195526
GUSSE SA
This is an Uruguayan company.
RELATED COMPANY(IES)
Subject is part of GRUPO MATHIESEN, a corporation controlled by European
capital, leader in the supply, distribution and solutions for the industry in
various economic sectors. It operates in seven countries in Latin America
(Chile, Argentina, Bolivia, Brazil, Paraguay, Peru and Uruguay).
Some companies which are part of this Group include:
COMPANY NAME COUNTRY TAX.REG. RELATION
CONOSUR MATHIESEN S.A. PARAGUAY 80083665 Related
GUSSE SA
URUGUAY Parent
Co.
MATHIESEN BOLIVIA Related
MATHIESEN ARGENTINA S.A. ARGENTINA 30-57634746-0 Related
MATHIESEN DO BRASIL LTDA BRAZIL Related
MATHIESEN HOLDING SA CHILE 96.595.850-9 Related
MATHIESEN INDUSTRIAL SA CHILE 96.704.190-4 Related
MATHIESEN S.A.C. CHILE 92.207.000-8 Related
QUIMICA ORIENTAL S.A. URUGUAY 210001280015 Related
REY Y MILBERG SA ARGENTINA Related
SERVICIOS MATHIESEN SAC CHILE 96.595.840-1 Related
BUSINESS
MAIN ACTIVITY .-
Subject is engaged in import of chemical products to be used as raw
material for several industries (leather, textile, plastics, paper,
construction, food, cosmetics, mining, petroleum, chemicals, detergents,
tanning, paints, adhesives).
IMPORT : Yes (From
Germany,Argentina,Belgium,Brazil,Chile,China,Colombia,Korea,Spain,USA,
Israel,Italy,Japan,Malaysia,Mexico,Netherlands,Sweden,Thailand,Taiwan,Uruguay)
Annual Imports in US $(CIF) :
Year Amount
2005 5,964,107.00
2007 12,699,229.00
2006 8,601,716.00
2008 10,189,831.00
2004 4,943,671.00
2003 4,955,106.00
EXPORT
: Yes (Occasionally to Bolivia and Colombia)
Annual Exports in US $(FOB) :
Year Amount
2003 4,811.00
2004 7,554.00
2005 1,683.00
2006 3,639.00
2007 17,610.00
2008 2,762.00
% CASH SALES/METHOD : 5%
% CREDIT SALES/TERMS : 95% (Terms up to 90 days)
SELLING TERRITORY : Domestic and international market
EMPLOYEES
: 22
FACILITIES .-
Premises : Rented
Condition : Suitable for its
activities
Use : Registered office, administrative offices and warehouses
Remarks and other Premises .-
It should be noticed that the above address was formerly number 120, but
it was changed by the Municipality.
Formerly, it was located on Calle Lambda 194, Parque Industrial y El
Comercio, Carmen de la Legua/Callao 3.
Warehouse: Av. Argentina 2085, Callao.
COMMENTS .-
It sells directly, mainly in Lima, and in smaller scale in other
provinces in the country.
It is on the 896th position in the ranking of the 10,000 most important
Peruvian companies.
It works with the following sectors: plastics and elasticity meters,
construction, food, pharmaceutics, cosmetics, feed, metal/non-metal mining,
oil, tanning, maintenance, chemical industry: detergents, tanning, textiles,
paints, adhesives.
Its customers include:
- Alicorp S.A.A.
- Curtiduría El Porvenir S.A.
- Industrias Vencedor S.A.
- Minera Antamina S.A.
- Agraria El Escorial S.A.
- Orna Plast Envases S.A.C.
- EWG Service S.A.
- Karmiplast S.A.C.
- Masterplast Industrial S.A.
- Pinturas Bassol S.A.C.
Its main competitors are:
Quimica Suiza S.A.
Procter & Gamble Peru
S.R.L.
Cargill Americas Peru S.R.L.
Albis S.A.
Industrias Pacocha S.A.
Representaciones Deco S.A.C.
M.g. Rocsa S.A.
Drokasa Peru S.A.
Deltron Computer Wholesalers
S.A.C.
Perufarma S.A.
G W Yichang & Cia S.A.
Sony Sucursal Del Peru
Grupo Deltron S.A.
Arboil S.A.C.
Tech Data Peru S.A.C.
FINANCIAL INFORMATION
Subject refused to provide commercial information for analysis. A
request letter was sent to main responsible persons, but it was not replied to.
We got in contact with Mrs. Maria Teresa Bedoya (Accountant), who refused to
attend to us, under confidentiality policies.
Therefore, this report was developed with information obtained from
third-party sources and, where it was not found any balance sheets.
Available information suggests that this is a foreing-capital company
that has operated in the country for 14 years, with a stable and positive
activity. This is a subsidiary of the international corporation MATHIENSE,
which is a leading company in Latin America in supplying inputs for different
industrial sectors: chemical, plastic, mining, construction, food, animal
nutrition, paper and cellulose, etc.
Its credit experience with entities in financial and real sectors is
good. It was not found any adverse records in information centers.
BALANCE SHEET DATE : 31DEC2006
TYPE OF BALANCE SHEET : Annual
BALANCE SHEET OF : 12 months
CURRENCY : Nuevos Soles
EXCHANGE RATE PER US$ : 3.20
SALES : 36,806,140.00
FINANCIAL SITUATION : UNDETERMINED
This company's Financial Situation is considered as Undetermined because
it was not found financial information to assess its results. However, it
should be mentioned that this is a medium-sized company that has shown a very
good credit rating and administrative stability. It is supported financially by
its controlling company.
INSURANCE .-
Company
RIMAC INTERNACIONAL CIA. DE SEGUROS
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
The above-mentioned local companies were consulted, but they have not
replied to our request and/or refused to provide information.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier _ Telephone _
Alzo Nobel Chemicals BV
Bakelite Italia SpA
Bamberger Polymers
International Corp.
Beh Meyer International
Trading
Cognis Iberia SL
Colorantes Industriales
Dirox SA
Dow Corning Sud America
E.G.L. Agentes de Aduana
SA 615.4500
Eco International
Trading
Jebsen & Jessen
Jose Vicenti Silva Ag.
Aduana
Loret de Mola Agencia de
Aduana 442.3858
Luigi Stoppani
Oxitena
Petroquímica Cuyo
Polisur
Química Oriental SA
R.Q. Distribuciones SA 421.1088
Retama Transamerica
Rokita
Schumann Sasul
LIST OF FOREIGN SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier _ Country _
Alzo Nobel Chemicals BV
Bakelite Italia SpA ITALY
Bamberger Polymers
International Corp.
Beh Meyer International
Trading MALAYSIA
Cognis Iberia SL SPAIN
Colorantes Industriales SPAIN
Dirox SA URUGUAY
Dow Corning Sud America BRAZIL
Eco International
Trading BELGIUM
Jebsen & Jessen GERMANY
Luigi Stoppani ITALY
Oxitena BRAZIL
Petroquímica Cuyo ARGENTINA
Polisur ARGENTINA
Química Oriental SA URUGUAY
Retama Transamerica CHILE
Rokita POLAND
Schumann Sasul GERMANY
CREDIT RISK CENTRAL .-
Closed current account:
It was not found under subject's name any adverse records on closed
accounts, issue of bad checks, or cancelled credit cards.
Consolidated system for payments in default:
It was not found under subject's name any adverse records on payments in
default, punished portfolio, closed credit due to mishandling or similar
issues.
Protest Bulletin:
To date, it was not found under subject's name any adverse records on
protests of drafts, promissory notes, warrants, or other financial
restrictions.
Sunat Negative Report:
Subject is a Taxpayer that does not have any tax debts under coercive
collection process. It was not found any information on tax omission in credit
information centers.
Consolidated welfare debt with AFPs (pension funds):
No adverse information was found.
CREDIT HISTORY .-
The SBS reported under subject's name various banking accounts, with
credit facilities and other operations. Both active products and those already
paid off products are given high ratings, which shows a good payment
performance and high goodwill with those local entities.
LAWSUITS ? .-
Subject is not reported with adverse information on the Official
Gazette.
BANKING INFORMATION
BANKERS
Bank Contact Account # DC FC
SCOTIABANK PERU S.A.A. 01014103126656 X
BANCO DE CREDITO DEL PERU
SA 193-0047229059 X
BANCO DE CREDITO DEL PERU
SA Jeny Oliveros 193-0041598190 X
Subject carries out its
financial operations through the above-mentioned entities where
it holds its current accounts,
credit facilities and other forms. It shows a good
banking experience and a
proper financial performance.
SUPERINTENDENCY OF BANK & INSURANCE - SBS .-
The SBS reported the following
debts before the Financial System as at 31AUG2008 (Last Report)
Obligations DC(S/.) FC(US$)
Credit cards-contract 1,411.00 0.00
Discounts-drafts 145,131.00 0.00
Loans 7,003,203.00 0.00
Foreign trade credit 885,600.00 0.00
Others Factoring, Credit 1,828,769.00 0.00
Indirect
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Total
Indebtedness S/. 9,864,114.00 US$ 0.00
Guarantees S/. 0.00 US$ 0.00
Debt structure for
Bank (domestic currency)
Bank Amount (S/.)
Banco de Crédito del Perú 7,843,103.00
BBVA Banco Continental 885,600.00
CREDIT OPINION
Consulted Credit Amount : R 2,000,000.= at a
30-day term Viable ? : Yes
Subject is eligible.
NOTE: The Opinion given is confidential,
referential and without liability.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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%)