MIRA
INFORM REPORT
|
Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
REDICA LTDA |
|
|
|
|
Registered Office : |
Street 80 78 B 6 Bodega 2, Barranquilla, Atlantico |
|
|
|
|
Country : |
Colombia |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
05.08.1999 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Machinery, Equipment and Supplies |
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 |
|
Maximum Credit Limit : |
COLOMBIAN PESO 27.206.296,63 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
REDICA LTDA
Identification and
Characteristics
|
Tax Identif. |
8020103100 |
|
Trade Identif. |
280491-03 |
|
Denomination |
REDICA LTDA |
|
Old Name |
REPRESENTACIONES Y DISTRIBUCIONES CARIBE
LTDA REDICA LTDA |
|
Business Address |
STREET 80 78 B 6 BODEGA 2, BARRANQUILLA,
ATLANTICO |
|
Telephone |
(5)3731892 |
|
Telefax |
(5)3600293 |
|
Email |
|
|
Constitution Date |
05/08/1999 |
|
Business Start Date |
05/08/1999 |
|
Effective Date |
05/08/2019 |
|
Camara Registration |
C.C. BARRANQUILLA |
|
Actual Camara Register |
C.C. BARRANQUILLA |
|
Legal
Representative borrowing limit |
UNDEFINED COSTS IN THE CERTIFICATE OF CHAMBER OF COMMERCE |
|
Current Capital |
255.000.000,00 PESO COLOMBIANO |
|
Progress of the Current Capital |
2008 - 255.000.000,00 - PESO COLOMBIANO |
|
Business CIIU |
G516100 - WHOLESALE OF MACHINERY, EQUIPMENT
AND SUPPLIES |
|
Activity |
VENTA Y DISTRIBUCIÓN DE EQUIPOS
INDUSTRIALES, REPUESTOS Y REPARCIÓN DE LOS MISMOS, LA FABRICA, IMPORTACIÓN Y
EXPLOTACIÓN DE ELEMENTOS Y EQUIPOS ELECTRICOS Y MECANICOS. |
|
Establishments |
1 |
|
Company Status |
TRADING |
|
Status Date |
05/08/1999 |
Synthesis
|
Financial Situation |
VERY GOOD |
|
Typology |
MEDIUM-SIZED COMMERCIAL/INDUSTRIAL COMPA |
|
Background |
AVERAGE |
|
Incidents |
NON-EXISTENT OR SLIGHTLY SIGNIFICANT |
|
Credit Opinion |
RECOMMENDED UP TO 27.206.296,63
COLOMBIAN PESO OPINION_MENSAJE2 |
Investigation's Summary
|
Contact Established |
YES |
|
Contact Attempts |
3 |
|
Contact Data |
Phone: (5)3731892 |
|
Contacts |
ROSSANA CANTILLO (Assistant Accountant) |
|
Updated Basic Data |
YES |
|
|
-By not knowing the final recipient of the study, negotiated supply
information requested |
|
Have Trade References |
NO |
|
|
The amount of Trade References in this study (less than three
references), is due to be resorted to seek least five (5) potential
suppliers. It only includes information that could be found and confirmed. |
|
Have Financial Data |
YES |
Establishments
|
Name |
REDICA LTDA |
||
|
Business Address |
BARRANQUILLA ATLANTICO |
||
|
Trade establishments |
Type of Operation: |
ASSETS - DIRECT OPERATIONS |
|
|
|
Situation Date: |
|
|
|
|
Affected by Legal Orders (Y/N): |
N |
|
Financial Elements
|
|
(COLOMBIAN PESO, THOUSANDS) |
Balance 2007 (12) |
Balance 2006 (12) |
Balance 2005 (12) |
|
|
|
|
Closing Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
Balance Type |
COMPLETE |
COMPLETE |
COMPLETE |
|
|
|
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
|
|
|
Sales |
1.703.975,00 |
1.683.311,00 |
1.470.658,00 |
|
|
|
|
Results |
93.512,00 |
63.129,00 |
80.274,00 |
|
|
|
|
Fixed Assets |
9.805,00 |
10.572,00 |
12.083,00 |
|
|
|
|
Circulating Assets |
1.115.612,00 |
1.028.864,00 |
903.427,00 |
|
|
|
|
Total Assets |
1.125.417,00 |
1.039.436,00 |
915.510,00 |
|
|
|
|
Capital |
443.817,00 |
403.043,00 |
295.274,00 |
|
|
|
|
Long Term Liabilities |
236.355,00 |
226.350,00 |
197.837,00 |
|
|
|
|
CP Liabilities |
445.245,00 |
410.043,00 |
422.399,00 |
|
|
|
|
|
|
|
|||
|
|
Last Balance: |
31/12/2007 |
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|
||
|
|
Figures for the last balance from: |
SUPERINTENDENCE |
|
|
||
|
|
|
|
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||
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||
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||||||
Negative Information
Payment Irregularities
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
No
found
_______________________________
Legal Irregularities
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
No
records found
_______________________________
Public Competition
Procedures
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
No records found
_______________________________
Company Obligations
|
Type of Obligación |
Period |
Situation |
Information Date |
Publication Date |
Inscription Date |
Source |
|
DUTY OF REGISTRATION UPDATE |
208 |
COMPLIED WITH |
03/09/2008 |
14/05/2008 |
14/05/2008 |
C.C. BARRANQUILLA |
Main Administrators
|
Position |
Surnames and first name |
Cell |
Date of appointment |
|
LEGAL REPRESENTATIVE |
MARTINEZ CABRERA, FERNANDO |
17304430 |
05/08/1999 |
|
GENERAL MANAGER |
MARTINEZ CABRERA, FERNANDO |
17304430 |
05/08/1999 |
|
GENERAL MANAGER |
RINCON BOHORQUEZ, ADELA |
33449787 |
07/12/2004 |
|
GENERAL MANAGER |
MARTINEZ RINCON, FERNANDO ANDRES |
79889289 |
07/12/2004 |
Obligations
|
Shareholders: |
|
||||
|
Name |
|
% |
Source |
Effective Date |
|
|
MARTINEZ CABRERA, FERNANDO |
|
66,60 % |
C.C. BARRANQUILLA |
14/05/2008 |
|
|
RINCON BOHORQUEZ, ADELA |
|
33,30 % |
C.C. BARRANQUILLA |
14/05/2008 |
|
Shares
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
No records found
_______________________________
Legal
|
|
Publications: |
|
||||
|
|
Type of Article |
Date |
Announcement Num. |
Source |
Place of Publication |
|
|
|
EXPIRATION DATE |
14/05/2008 |
N.D |
C.C. BARRANQUILLA |
C.C. BARRANQUILLA |
|
|
|
OTHER ACTS |
14/05/2008 |
N.D |
C.C. BARRANQUILLA |
C.C. BARRANQUILLA |
|
|
|
CHANGE OF NAME |
17/01/2005 |
115470 |
C.C. BARRANQUILLA |
C.C. BARRANQUILLA |
|
|
|
APPOINTMENT |
17/01/2005 |
115471 |
C.C. BARRANQUILLA |
C.C. BARRANQUILLA |
|
|
|
CONSTITUTION |
26/08/1999 |
82713 |
C.C. BARRANQUILLA |
C.C. BARRANQUILLA |
|
Expanded information
The company and
its managers are not listed on the US Department of the Treasury Foreign
Narcotics Kingpin Designation Act. (Clinton List).
Balance Sheet (ASSETS)
|
|
(COLOMBIAN PESO, THOUSANDS) |
2007(12) |
2006(12) |
2005(12) |
|
|
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
|
|
A - Liquid Assets |
1.115.612,00 |
1.028.864,00 |
903.427,00 |
|
|
|
Shareholders by Unrequired Payments |
n.a. |
n.a. |
n.a. |
|
|
|
Cash |
191.477,00 |
170.302,00 |
91.299,00 |
|
|
|
Customers |
415.485,00 |
304.603,00 |
313.057,00 |
|
|
|
Accounts collectable from shareholders |
0,00 |
0,00 |
0,00 |
|
|
|
Accounts collectable various |
71.907,00 |
61.239,00 |
73.953,00 |
|
|
|
Provision for defaulting accounts |
0,00 |
0,00 |
0,00 |
|
|
|
Temporary Investments |
318,00 |
0,00 |
318,00 |
|
|
|
Deferred |
0,00 |
40.000,00 |
0,00 |
|
|
|
General Stock |
436.425,00 |
452.720,00 |
424.800,00 |
|
|
|
Merchandise |
n.a. |
n.a. |
n.a. |
|
|
|
Finished products |
0,00 |
0,00 |
0,00 |
|
|
|
Products in process |
0,00 |
0,00 |
0,00 |
|
|
|
Raw materials |
0,00 |
0,00 |
0,00 |
|
|
|
Short-term own shares |
n.a. |
n.a. |
n.a. |
|
|
|
Other current assets |
n.a. |
n.a. |
n.a. |
|
|
|
B - Fixed Assets |
9.805,00 |
10.572,00 |
12.083,00 |
|
|
|
Property, Plant and Equipment |
299,00 |
5.572,00 |
12.083,00 |
|
|
|
Intangibles |
0,00 |
0,00 |
0,00 |
|
|
|
Permanent investments |
5.000,00 |
5.000,00 |
0,00 |
|
|
|
Long-term debtors |
0,00 |
0,00 |
0,00 |
|
|
|
Long-term deferred debt |
0,00 |
0,00 |
0,00 |
|
|
|
Own shares |
n.a. |
n.a. |
n.a. |
|
|
|
Valuations |
4.506,00 |
0,00 |
0,00 |
|
|
|
Other fixed assets |
0,00 |
0,00 |
0,00 |
|
|
|
Total Assets |
1.125.417,00 |
1.039.436,00 |
915.510,00 |
|
|
Balance Sheet (Liabilities + Capital) |
|
|
(COLOMBIAN PESO, THOUSANDS) |
2007(12) |
2006(12) |
2005(12) |
|
|
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
|
|
A - Short Term Liabilities |
445.245,00 |
410.043,00 |
422.399,00 |
|
|
|
Financial Obligations |
169.589,00 |
198.439,00 |
222.699,00 |
|
|
|
Suppliers |
0,00 |
0,00 |
3.308,00 |
|
|
|
Accounts payable |
213.154,00 |
172.395,00 |
139.246,00 |
|
|
|
Taxes to be paid |
60.596,00 |
37.769,00 |
55.837,00 |
|
|
|
Estimated liabilities and provisions |
1.906,00 |
1.440,00 |
1.309,00 |
|
|
|
Labour Obligations |
0,00 |
0,00 |
0,00 |
|
|
|
Short-Term Deferred Payments |
0,00 |
0,00 |
0,00 |
|
|
|
Bonds and Trade Bills |
0,00 |
0,00 |
0,00 |
|
|
|
Other Short-Term Liabilities |
0,00 |
0,00 |
0,00 |
|
|
|
B - Long-Term Liabilities |
236.355,00 |
226.350,00 |
197.837,00 |
|
|
|
Financial Obligations |
0,00 |
226.350,00 |
197.837,00 |
|
|
|
Accounts Payable in the Long Term |
236.355,00 |
0,00 |
0,00 |
|
|
|
Estimated liabilities and provisions |
0,00 |
0,00 |
0,00 |
|
|
|
Long-Term Deferred Payments |
0,00 |
0,00 |
0,00 |
|
|
|
Bonds and Trade Bills |
0,00 |
0,00 |
0,00 |
|
|
|
Other Long-Term Liabilities |
0,00 |
0,00 |
0,00 |
|
|
|
Total Liabilities |
681.600,00 |
636.393,00 |
620.236,00 |
|
|
|
C - Net Capital |
443.817,00 |
403.043,00 |
295.274,00 |
|
|
|
Capital |
255.000,00 |
255.000,00 |
150.000,00 |
|
|
|
Issue Premium |
0,00 |
0,00 |
0,00 |
|
|
|
Capital Surplus |
0,00 |
0,00 |
0,00 |
|
|
|
Capital Appreciation |
52.643,00 |
52.643,00 |
39.743,00 |
|
|
|
Reserves |
42.662,00 |
32.271,00 |
25.257,00 |
|
|
|
Statutory Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Legal Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Other Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Share dividends |
0,00 |
0,00 |
0,00 |
|
|
|
Yearly result (profit and loss) |
93.512,00 |
63.129,00 |
80.274,00 |
|
|
|
Result from previous years |
0,00 |
0,00 |
0,00 |
|
|
|
Result after inflation |
n.a. |
n.a. |
n.a. |
|
|
|
Appreciation surplus |
0,00 |
0,00 |
0,00 |
|
|
|
Total Liabilities + Capital |
1.125.417,00 |
1.039.436,00 |
915.510,00 |
|
Profit and Loss Account
|
|
(COLOMBIAN PESO, THOUSANDS) |
2007(12) |
2006(12) |
2005(12) |
|
|
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
|
|
Total Operating Revenue |
1.703.975,00 |
1.683.311,00 |
1.470.658,00 |
|
|
|
Operating Revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Sales |
1.703.975,00 |
1.683.311,00 |
1.470.658,00 |
|
|
|
Other Operating Revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Total Operating Costs |
1.473.931,00 |
1.509.975,00 |
1.265.848,00 |
|
|
|
Purchases |
945.894,00 |
976.683,00 |
819.421,00 |
|
|
|
Personnel Expenditure |
223.378,00 |
253.330,00 |
215.605,00 |
|
|
|
Costs of Third-Party Services |
n.a. |
n.a. |
n.a. |
|
|
|
Stock Appreciation |
n.a. |
n.a. |
n.a. |
|
|
|
Provisions for Depreciation |
n.a. |
n.a. |
n.a. |
|
|
|
Traffic provision variation |
n.a. |
n.a. |
n.a. |
|
|
|
Other Operating Costs |
304.659,00 |
279.962,00 |
230.822,00 |
|
|
|
Operating Result |
230.044,00 |
173.336,00 |
204.810,00 |
|
|
|
Total Financial Revenue |
0,00 |
0,00 |
0,00 |
|
|
|
From Companies in the Group |
n.a. |
n.a. |
n.a. |
|
|
|
From associated companies |
n.a. |
n.a. |
n.a. |
|
|
|
Other financial revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Profits from Financial Investment |
n.a. |
n.a. |
n.a. |
|
|
|
Positive Exchange Differences |
n.a. |
n.a. |
n.a. |
|
|
|
Total Financial Costs |
0,00 |
0,00 |
0,00 |
|
|
|
From debts to companies in the Group |
n.a. |
n.a. |
n.a. |
|
|
|
From debts to affiliate companies |
n.a. |
n.a. |
n.a. |
|
|
|
From other debts |
n.a. |
n.a. |
n.a. |
|
|
|
Financial Investment Losses |
n.a. |
n.a. |
n.a. |
|
|
|
Investment Provision Variation |
n.a. |
n.a. |
n.a. |
|
|
|
Exchange Differences |
n.a. |
n.a. |
n.a. |
|
|
|
Financial Results |
0,00 |
0,00 |
0,00 |
|
|
|
Total Extraordinary Revenue |
5.910,00 |
0,00 |
0,00 |
|
|
|
Profits from alienation of fixed assets |
n.a. |
n.a. |
n.a. |
|
|
|
(COLOMBIAN PESO, THOUSANDS) |
2007(12) |
2006(12) |
2005(12) |
|
|
|
Source |
SUPERINTENDENCE |
SUPERINTENDENCE |
SUPERINTENDENCE |
|
|
|
Share operation profits |
n.a. |
n.a. |
n.a. |
|
|
|
Transferred Capital Subsidies |
n.a. |
n.a. |
n.a. |
|
|
|
Other extraordinary revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Profit and Revenue carried over |
n.a. |
n.a. |
n.a. |
|
|
|
Total Extraordinary Costs |
78.527,00 |
70.331,00 |
59.239,00 |
|
|
|
Fixed Asset Provision Variation |
n.a. |
n.a. |
n.a. |
|
|
|
Losses from Fixed Assets |
n.a. |
n.a. |
n.a. |
|
|
|
Losses due to share operations |
n.a. |
n.a. |
n.a. |
|
|
|
Extraordinary Costs |
n.a. |
n.a. |
n.a. |
|
|
|
Costs and Losses Carried Over |
n.a. |
n.a. |
n.a. |
|
|
|
Extraordinary Results |
-72.617,00 |
-70.331,00 |
-59.239,00 |
|
|
|
Total Revenue |
1.709.885,00 |
1.683.311,00 |
1.470.658,00 |
|
|
|
Total Costs |
1.552.458,00 |
1.580.306,00 |
1.325.087,00 |
|
|
|
Result before taxes |
157.427,00 |
103.005,00 |
145.571,00 |
|
|
|
Taxes |
63.915,00 |
44.784,00 |
64.756,00 |
|
|
|
Adjustment for inflation |
0,00 |
-4.908,00 |
541,00 |
|
|
|
Result for the Year |
93.512,00 |
63.129,00 |
80.274,00 |
|
Main Ratios
|
|
|
2007 |
2006 |
2005 |
|
|
|
EVOLUTION |
|
|
||
|
|
Turnover Evolution |
1,23 % |
14,46 % |
|
|
|
|
Net Results Evolution |
48,13 % |
-21,36 % |
|
|
|
|
PROFITABILITY |
|
|
||
|
|
Profitability |
5,49 % |
3,75 % |
5,46 % |
|
|
|
Operational Profitability |
13,50 % |
10,30 % |
13,93 % |
|
|
|
Net worth Profitability |
21,07 % |
15,66 % |
27,19 % |
|
|
|
Total Assets Profitability |
8,31 % |
6,07 % |
8,77 % |
|
|
|
Financial Assets Coverage |
|
|
|
|
|
|
INDEBTEDNESS |
|
|
||
|
|
Debt Ratio |
60,56 % |
61,22 % |
67,75 % |
|
|
|
Short Term Debts |
65,32 % |
64,43 % |
68,10 % |
|
|
|
Indebtedness without revaluation |
60,56 % |
61,22 % |
67,75 % |
|
|
|
Financial Leverage |
38,21 % |
105,40 % |
142,42 % |
|
|
|
Financial Assets |
0,00 % |
0,00 % |
0,00 % |
|
|
|
CASH |
|
|
||
|
|
Working Capital |
670.367,00 |
618.821,00 |
481.028,00 |
|
|
|
Current ratio |
2,51 |
2,51 |
2,14 |
|
|
|
Acid Test |
1,53 |
1,41 |
1,13 |
|
|
|
Immediate Availability |
-253.768,00 |
-239.741,00 |
-331.100,00 |
|
|
|
EFICIENCY |
|
|
||
|
|
Portfolio Recovery Days |
87,78 |
65,14 |
76,63 |
|
|
|
Creditors Days |
|
|
1,45 |
|
|
|
Stock Rotation Days |
166,10 |
166,87 |
186,63 |
|
|
|
Operational Cicle Days |
253,88 |
232,01 |
263,26 |
|
|
|
Fixed Assets Turnover |
1,51 |
1,62 |
1,61 |
|
|
|
|
||||
FINANCIAL
OBSERVATIONS
The company’s turnover increase 1,23 % with respect to the previous
period. The profitability margin is 5,49 %. The operational margin is positive
and is sufficient to cover the net income and financial charges.
The liquidity indicators show an adequate covering of its current assets
over its short term obligations. The portfolio recovering period is of 87,78
days.
The company operates with a debt ratio of 60,56 %.
Macroeconomic Information
|
|
Value |
Effective Date |
|
|
Exchange Ratio |
2.071,24 |
10/09/2008 |
|
|
Up to 12 months Devaluation |
-16,57 |
03/04/2008 |
|
|
GDP |
7,62 |
01/04/2008 |
|
|
Up to 12 months Inflation |
5,93 |
03/04/2008 |
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.77 |
|
UK Pound |
1 |
Rs.80.67 |
|
Euro |
1 |
Rs.64.20 |
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%)