|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ACEROS BOEHLER DEL ECUADOR S.A. BOEHLER |
|
|
|
|
Registered Office : |
Panamericana Norte Km 5 1/2 y De Las Avellanas E1-112 y Juncal, Sector Parque de los Recuerdos - Quito Pichincha |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.12.1995 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Commercialization of special steel, welding, industrial
blades, heat treatments, etc |
|
|
|
|
No. of Employees : |
45 |
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 : |
No Complaints |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
T A X :
1791304667001
ACEROS BOEHLER DEL ECUADOR S.A. BOEHLER
Panamericana Norte Km 5 1/2 y De Las Avellanas E1-112 y Juncal, Sector Parque
de
los Recuerdos - Quito
Pichincha
ECUADOR
Telephone :
593-2-2473080/1, 593-2-2476138
Fax : 593-2-2477918
E_Mail :
sofia.duran@boehlerecuador.com
Web Site :
www.bohlerandina.com
SUMMARY
Started
: 1995
Total
Employees :
45
Payments
: Prompt
Subscribed Capital
: US$ 65.694.-
Sic(s) : 5051
Line of Business: Commercialization of special steel
EVALUATION
Interpretation at the end of the report.
Credit Recommendation
Dollars
Conservative value
: 370.000
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
According to the Superintendence of Companies the most important figures as of
December 31st, 2010 are:
Sales: US$ 4.796.434
Assets: US$ 4.226.070
Liabilities: US$
2.352.436
Equity: US$
1.873.634
Profit: US$ 330.288
TRADE REFERENCES
Consulted suppliers declined to submit references
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(US$) (US$)
--------------------------------------------------------------------------------
10 years 02-08 Prompt
checks
Open None
10 years 12-07 Prompt
checks
Open None
This
company is part of the ''White listing'' of the Internal Revenue Service
(IRS). It means that tax obligations are promptly met.
Taxpayer status: Special
At January the 20th, 2012 (latest available report), this company has NO
delayed payments at IESS (Ecuadorian Institute of Social Security)
Detail of Bank References
Bank
: Diners Club del Ecuador S.A. Sociedad Financiera
Credit
Card
: International Credit Card
To
expire
: US$ 6.377,27
Total debt up to June 2012 is US$ 6.377,27
Aceros Boehler Del Ecuador S.A. Boehler has no negative references at the
National Financial System in the last 3 years
Average amount of indebtedness registered by the subject, in the National
Financial System:
During 2012 was US$ 6.027,06
Income tax corresponding to the last years:
Year 2011: USD 106.532
Year 2010: USD 119.274
Year 2009: USD 85.471
BANKS
The main banks are:
- Banco Del Pacifico S.A.
- Banco Internacional S.A.
- Banco Pichincha
- Banco Promerica S.A.
OPERATIONS
Line of Business : Commercialization of special steel, welding, industrial
blades, heat treatments, etc
It has following areas:
Industrial, which produces:
Blades
Saws
Heat treatments
Commercial Area:
Special steel
Industrial blades
dies
Construction of Machinery
extrusion
blowing
milling
Drills and taps
circular saws
Steels for tools
Steel for construction, mechanics and stainless
Steels for specific applications:
medical instruments
surgical implants
food industry
ceramic Industry
Pressing plates
Precision technology, pumps, valves and components
Stainless steels for the petrochemical industry
The line of business registered at the Internal Revenue
Services(IRS) is: WHOLESALE AND RETAIL TRADE OF STEEL
PRODUCTS
Social objective registered at the Superintendency of
Companies is: Import, acquisition, distribution, and export
of common and special steel and machinery
Classification according to commercial activity:
Sic: 5051-0000 Metals service centers and offices
-0216 Steel
Commercializes:
- Mitsubishi Carbide
- Ceratizit
- Kapfenberg
- Kieninger
- Hanita
- Boehlerit
- Vardex
Sales
Sales are steady throughout the year
National sales territory
Customers
Main customers are: Line of business' distributors, public in general.
Purchases
International purchases only
Imports from
National suppliers
- Colegio Tecnico Salesiano Don Bosco
- Jimenez Francelin (Graficas France)
Employees: 45 employees
According to the last report issued in February 2008, this company had 40
employees; to date it hired 5 employees more
Location
- Administrative offices and one of its sales rooms are located at Panamericana
Norte Km 5 1/2 y De Las Avellanas E1-112 y Juncal, Sector Parque
de los
Recuerdos Quito Pichincha, Ecuador
Branches
- Km 7 1/2 Via a Daule S/N y Calle Cuarta Guayaquil Guayas
- Av. de Las Americas 26-93 y Alfonso Andrade
- Av. Maldonado S22-173 y Taura
RELATED COMPANIES
The interviewee did not provide any information about it, so it was impossible
to check if there is any existing subsidiary.
INSURANCES
Insurance Company:
-Compañia de Seguros Generales Equinoccial S.A.
ADMINISTRATION
Attorney
: Perla del Rocio Rodriguez
Bohorquez TAX:51987555
President : Alejandro Lozada Fernandez TAX:16825005
Commercial Manager : Luis Miguel Torres
Silva TAX:79532357
Finances
Mgr : Perla Rodriguez
Imports Dept Supervisor : Sofia Ortega
Administrative Assistant : Maria Gabriela Chiriboga
Financial Assistant : Sofia Duran
General Manager : Natalia
Jimenez
Assistant
CURRICULUM
Perla del Rocio Rodriguez Bohorquez
T A
X
: 51987555
Birth place : Colombia
Position Attorney
Mercantile Register : Number
of 11/04/2001
Curriculum : they confirmed that she holds the
position of Finance
Manager
Alejandro Lozada Fernandez
T A
X
: 16825005
Position :
President
Mercantile Register : Number 11046 of 01/08/2011
Luis Miguel Torres Silva
T A X
: 79532357
Position :
Commercial Manager
Mercantile Register : Number 11045 of 01/08/2011
LEGAL INFORMATION
Legal Structure : Stock Company
Constitution date : 18/12/1995
Authorization : Resolution Nº 4050
Notary : N°
28, Quito Pichincha
Term of duration : 24 Year, ended on 18/12/2019
Legal Address : Quito - Ecuador
Published in : Official Gazette dated 11/01/1996
Current Subscribed Capital: US$ 65.694.-
Subscribed & paid-in Initial Capital: US$ 2.000.-
Legal representation is held by Attorney Commercial Manager.
Legal changes
By Resolution Nº 912 on 13/03/1996, notary N° 5, Quito Pichincha, published in
the Official Gazette dated 11/04/1996, last capital increase was performed
amounting USD 16.000,00 of Direct Foreign Investment
By Resolution Nº 1893 on 28/07/1998, notary N° 14, Quito Pichincha, published
in
the Official Gazette dated 31/07/1998, capital was increased: amounting USD
47.694
The initial capital stock (constitution) in Sucres was S/ 50.000.000,00.
Registered trade name to be used by this Company is: Aceros
Aceros Boehler del Ecuador, is part of an important group dedicated to the
production of special steel called BÖHLER which is one of the major
consortia
of special steels in the world and it is considered the leader in the
production
of steel for tools and speed steel.
The international network of outlets is spread over five continents through
35 affiliates and partners, and 25 distribution companies, 51 service stores in
major industrial centers and approximately 100 commercial representations
The Head Office of BOHLER is located in Austria, with more than one hundred
years of experience in the manufacture of steel and its treatment.
INFORMATION SOURCES
Miss. Sofia Duran, Financial Assistant, declined financial
information as she is not authorized to provide it, however, submitted
general
information.
We have not obtained a response to our request of information despite the
insistence
-Other outside information sources.
Exchange rate
-Since September 9th, 2000, official currency in
is the US$ dollar
-Until then, the currency was the sucre.
Exchange rate was s/. 25.000 X US$ 1.00
INTERPRETATION OF RISK LEVEL AND CREDIT RECOMMENDATION
RISK LEVEL
Credit risk assessment is ordered as follows: 1 Minimum Risk, 2 Low Risk, 3
Middle Risk, 4 Middle High Risk, 5 Significant Risk, 6 High Risk.
CREDIT RECOMMENDATION
Credit recommendation amounts are assigned according to criteria usually used
in
the commercial credit evaluation.
The amounts are based on the assignment of risk percentages to the following
indicators: Trade references, number of employees, legal structures, data base
of protested bills, operations, insurances, variation of net profit, net worth,
working capital and liquidity.
INTERPRETATION OF PAYMENT SCORING
The Scoring is arranged as follows: 0 to 40 Delays, 41 to 60 Slow, 61 to 80
Moderate, 81 to 100 Prompt
Macroeconomic Information
Interest Rate for
the week
of
01/06/2012 - 30/06/2012
Ref. Active Rate
for Operations ( % ) 8,17
Ref. Passive Rate
for Operations ( % ) 4,53
Basic Rate of
Central Bank ( % ) 0,20
Legal
( % ) 8,17
Maximum
conventional
( % ) 9,33
Inflation
Ratio
Yearly
Inflation
( % ) 5,00 Jun/2012
Monthly
Inflation
( % ) 0,18 Jun/2012
Accumulated
( % ) 2,40 Jun/2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.37 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.