MIRA INFORM REPORT

 

 

Report Date :

05.03.2011

 

IDENTIFICATION DETAILS

 

Name :

LEGRAND COLOMBIA SA

 

 

Registered Office :

Calle 65 A No. 93 - 91, Bogotá D.C. Colombia, 22630

 

 

Country :

Colombia

 

 

Date of Incorporation :

04.01.1985

 

 

Legal Form :

--

 

 

Line of Business :

Electronic accesories of medium and low voltage maufacturer.

 

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 :

USD 1,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Colombia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – COLOMBIA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Low

Currency: 100.00 COP = 0.0524686 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Legrand Colombia SA

Legal Address

Calle 65 A No. 93 - 91, Bogotá D.C. Colombia, 22630

Operative Address

Calle 65 A No. 93 - 91, Bogotá D.C. Colombia, 22630

Telephone:

+52 4376700 ext. 2143

NIT :

860005669

Fax:

+52 2244636

Legal Form:

 

Email:

juan-carlos.moreno@legrand.com.co

Registered in:

Colombia

Website:

www.legrand.com.co

Date Created:

1968

Manager:

Rossetti GianPaolo, President

Date Incorporated:

January 4th, 1985

Staff:

33.000 (At group level)

Stock:

N/A

 

 

Value:

N/A

Activity:

Electronic accesories of medium and low voltage maufacturer.

 

 

BANKS

 

Name of the Bank

The Royal Bank Of Scotland Colombia S.A

 

BUSINESS

 

HISTORY

 

This company was created and incorporated in the year 1968.

This company comes from a French company that has presence worldwide.

PRINCIPAL ACTIVITY

 

The company engages as a manufacturer of electronic accessories of medium and low voltage.

Products/Services description:

 

Electrical materials

Electric Installations

Surge protectors

Sales are:

 

Wholesale, Retail

Brands:

 

Basf Mexicana, S.A. De C.V.

Clients:

 

General clientele

Various industries

Suppliers:

 

Basf Mexicana, S.A. De C.V.

Operations area:

 

National, International, Local

The company imports from Worldwide

Competitors:

 

Electronica 2000

CGE Compañía General de Electricidad

Empresa Eléctrica del Ecuador

 

Comments on staff:

 

The subject has 33,000 employees at group level including all its branches worldwide.

PAYMENTS

 

regular

LOCATION

Headquarters

 

This company is headquartered at Calle 65 A No. 93 - 91, Bogotá D.C. Colombia, 22630.

Branches:

 

the company has six different branches in Colombia:

Regional Bogotá

Reg. Occidente-Cali-Eje Cafetero

Regional Antioquia-Medellín

Regional Costa Norte-Barranquilla

Regional Oriente-Bucaramanga



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is wholly own subsidiary of LEgrand Group, a French based company located at:

Joëlle Bour 82, rue Robespierre 93170 Bagnolet - France

Phone: +33 (0)149725353

Management:

 

Rossetti GianPaolo, President

Saab Hernandez  Pablo Alberto, Vicepresident

Paola Murcia Vargas, Financial Controller

Fabio Sanchez Peñaloza, Accountant.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company, however the representative refused to provide us with any financial data on grounds of confidentiality.

Currency

DATE

 

 

USD

2010

 

 

Turnover

5,427,936,598

 

 

Operating Income

1,057,408,363

 

 

Net Income

583,180,042

 

 

 

 

Comments on the financial data: The financial figures for the company belongs to its mother company, Legrand SA that trades at the Frankfurt stock exchange, under ticker symbol "LRC.F".

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

 Rating

 

Local credit bureau gave a Correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

This company has been in business for 43 years. It has a staff of 33,000 employees at group level which makes it a large sized company.

There were no legal filings found against the company or its legal representatives.

There were no financial information found for this company; However this company is wholly on subsidiary of a Public company from France, Therefore the financial information showed, belongs to its mother company that had a Good profitability for the year 2010, Cash flow is normal and payments are made regular.

A credit line may be considered for USD 1,000,000

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

GOOD

Public

NO

 

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

 

Cash

NORMAL

 

 

 

 



APPENDIX

 

Person Interviewed

 

Representative

Comments

 

He refused to provide us any financial data on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.