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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
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Name : |
MONTANA S.A. |
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Registered Office : |
Los Rosales 280 Zona Industrial, Santa Anita, Lima, 43,
Lima |
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Country : |
Peru |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
09.08.1975 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Engaged
in manufacture and trading of supplies for food and animal health and
nutrition. |
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No. of Employees : |
Not Available |
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 : |
No complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Peru |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Peru - ECONOMIC OVERVIEW
Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. The Peruvian economy has been growing by an average of 6.4% per year since 2002 with a stable/slightly appreciating exchange rate and low inflation. Growth in 2010 was close to 9% and in 2011 almost 7%, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. At 3.4%, inflation in 2011 exceeded somewhat the upper range of the Central Bank's 1%-3% target. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs subjects the economy to fluctuations in world prices. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 23 percentage points since 2002. A growing number of Peruvians are sharing in the benefits of growth but inequality persists posing a challenge for the new Ollanta HUMALA administration, which has championed indigenous and local disenfranchised groups. The administration seems committed to Peru's free-trade path. Since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, and Japan, concluded negotiations with the European Free Trade Association and Chile, and begun trade talks with Central American countries and others. The US-Peru Trade Promotion Agreement entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Trade agreements with South Korea, Japan, and Mexico also were signed in 2011. Although Peru has continued to attract foreign investment, political disputes and protests may impede development of some projects related to natural resource extraction.
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Source : CIA |
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CORRECT COMPANY NAME |
MONTANA
S.A. |
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TAXPAYER REGISTRATION |
RUC 20100182263 |
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MAIN ADDRESS |
Los Rosales 280 Zona
Industrial, Santa Anita |
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POSTAL CODE |
Lima, 43 |
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DEPT/PROV/REGION/STATE |
Lima |
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COUNTRY |
PERU |
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TELEPHONE |
(511) 3622350 - 3620710 -
4193000 |
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E-MAIL |
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WEB |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
09AUG1975 |
STARTING DATE |
01/08/1976 |
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PLACE OF REGISTRY |
Lima |
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NOTARY OFFICE |
Enrique Maguiña G. |
DURATION |
Indefinite |
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REGISTRATION |
File Card No.9298 |
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INITIAL CAPITAL |
S/.1,000,000.= Soles Oro (old
currency) |
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CURRENT PAID-IN CAPITAL |
S/.39,500,000.= Nuevos Soles |
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CLASS OF SHARES |
Registered |
LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
S/.1.= Nuevo Sol |
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CURRENT EXCHANGE RATE (US$) |
S/.2.60 per US$1.= Dollar |
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COMMENTS |
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The 80% of shares owned by Harald Mayrock Quentin as an individual has been divided for two companies owned by him: PRODUCTIVA S.A.C. (50%) and CRANDON INTERNACIONAL S.A.C. (30%)During its business path, subject took over by merger the following companies:- KOLIBRI S.A. y M.M. TECHNOLOGIES S.A. on 02/11/1994- PROAVICO S.A. (Tax ID No.20100182344) on 02/11/1995- SANIVET S.A. y GLOBE SABORES Y FRAGANCIAS S.A. on 01/12/1996Subject has been incorporated into the General Sales Tax Withholding Agent Scheme (R.S.037-2002) from 01/06/2002. |
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BAUER
SILVA, FEDERICO AUGUSTO |
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TITLE |
President |
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NATIONALITY |
Peruvian |
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D.O.B. |
11MAY1962 |
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ID |
DNI 10224386 |
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CIVIL STATUS |
Married to Sylvia Mayreck Mc
Hamish |
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DOMICILE |
Los Rosales 280 , Lima ,Lima |
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TELEPHONE |
3410221 |
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PROFESSION |
Business Administrator |
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TAX ID |
10102243868 |
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ASSOCIATED AS PER OUR DATABASE TO |
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CARRERA
PORTILLA, ALBERTO ALEJANDRO |
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TITLE |
Vice President |
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NATIONALITY |
Peruvian |
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D.O.B. |
19JUN1941 |
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ID |
DNI 07788430 |
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CIVIL STATUS |
Married |
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DOMICILE |
Sergio Bernales 442, Urb. Barrio
Médico, Surquillo , Lima 34 |
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PROFESSION |
Public Accountant |
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ASSOCIATED AS PER OUR DATABASE TO |
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PARTICIPATED IN |
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PACHECO
ZERGA, GASTON GILBERTO FELIX |
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TITLE |
Director/General Manager |
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NATIONALITY |
Peruvian |
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D.O.B. |
21FEB1957 |
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ID |
DNI 08236451 |
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CIVIL STATUS |
Married to Evelyn Barclay
Ricketts |
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PROFESSION |
Economist |
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TAX ID |
10082364515 |
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BACKGROUND INFORMATION |
Passport No. 3615256. |
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ASSOCIATED AS PER OUR DATABASE TO |
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HERZKA
BUCHDAHL, CLAUDIO JUAN EUGENIO |
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TITLE |
Director |
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NATIONALITY |
Peruvian |
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D.O.B. |
04DEC1943 |
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ID |
DNI
08205407 |
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REYNA
MONCH, ANA PATRICIA |
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TITLE |
Human
Capital Manager |
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NATIONALITY |
Peruvian |
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D.O.B. |
01AUG1970 |
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ID |
DNI
09387999 |
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PROFESSION |
Journalist |
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TAX ID |
10093879991
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JENSSEN
MAZZINO, HECTOR ENRIQUE |
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TITLE |
Legal
Representative |
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NATIONALITY |
Peruvian |
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D.O.B. |
02MAY1968 |
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ID |
DNI
10224845 |
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DOMICILE |
Manuel
Gonzales Prada 680-302, San Isidro, Lima ,Lima |
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ASSOCIATED AS PER OUR DATABASE TO |
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The beginning of MONTANA S.A. dates back to 1964 when Harald J. Mayrock founded the first company that would form subject, which was called Proavico. It was engaged in supplying balanced nutrition for animals.Later it would became Montana S.A.Over the years, its founder has known how to transmit and give expression in a qualified team the conviction and future vision that encourage him to keep betting on Peru, providing quality products, enlarging production infrastructure, and renewing infrastructure with high technology.Today, it has over 400 workers. Its facilities are on an area of 70,000 m2 approximately. Its annual sales exceed US$100 million. It performs activities for food, pharmaceutical and agricultural sectors. |
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Main activity |
Subject is engaged in manufacture and trading of supplies for food and animal health and nutrition.Veterinary products for poultry farming, stockbreeding and other species (Vaccines, disinfectants, additives, antibiotics, antiparasitics, serum, bactericides, injectables for birds and cattle, phosphate, methionine, salts and minerals, as well as, fish meal).At the same time, subject imports and trades essences, flavorings, perfumes, natural and synthetic colourings, chemical products for confectionery, ice creams, bread making, sodas and nectars, dairy products and meat products. It exports natural colourings (cochineal carmine, bixins, paprika oleoresin).Sold brands: PROAVICO, SANIVET. |
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Import |
Yes |
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Country |
Argentina,
Bolivia, Brazil, Canada, Chile, China, Colombia, Cote d'Ivoire, Denmark,
Finland, France, Germany, India, Indonesia, Italy, Japan, Korea |
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ANNUAL Imports In US$ (CIF) |
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Export |
Yes |
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COUNTRY |
Australia,
Austria, Bolivia, Brazil, Chile, China, Colombia, Denmark, Ecuador, Finland,
France, Germany, Guatemala, India, Italy, Mexico, Netherlands |
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Annual exports in US$ (FOB) |
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% CASH SALES / METHOD |
10% |
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% Credit SALES / Terms |
90%
(Invoice and/or draft at 15,30,45,60,90 days) |
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% Ventas exterior (Paises) |
12% |
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SELLING TerritorY |
88%
(Domestic market) |
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EMPLOYEES |
435 |
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Comments |
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Subject also imports from Mexico, Netherlands, Panama, Russia, Taiwan, Turkey, United Kingdom, USA, Uruguay, and Venezuela.It also exports to Panama, Russia, Taiwan, Turkey, United Kingdom, USA, and Uruguay.Its sales in the domestic market are mainly intended for the following cities: Lima, Arequipa, Trujillo, Chiclayo, Tarapoto, Iquitos.Montana is a regional business group focused on development and supply of supplies and productive solutions for food, pharmaceutical and agricultural sectors.In addition to its wide range of products, it has functional ingredientes of leading international companies and combines high technology with specific knowledge on markets where it operates to provide alternatives and solutions of high value to its customers.Subject is an exclusive representative of the following companies:- V. Mane Fil (France)- Leiner (Brazil) - Sol Vay Animal Heath Inc.Its distributors in provinces include:- Vet S.A.C. (Arequipa)- Comercializadora La Campiña E.I.R.L. (Tarapoto), among others.Subject has a large customers' portfolio including:- Nabisco Perú S.A.- Fábrica de Alimentos y Bocaditos S.A.- Asa Alimentos S.A.- Embotelladora La Loretana S.A.- Agraria El Escorial S.A.- Industrias Añaños S.A.- L.C. Marcam S.A., among others.One of its competitions is INNOVA ANDINA S.A.Its annual sales are around US$50 million, which ranks it among the largest 200 companies in Peru. Its activities are developed in three large areas: food ingredients, products for animal health and nutrition, and natural ingredients, with an active and growing participation in international markets.Subject is ranked 166th in the PEP Ranking of the Top 10,000 Companies and Entities in Peru.On 25/01/2012, Montana obtained the ABE certification.Montana obtained the ABE certification (Association of Good Entrepreneurs) under the cateogory of Entreprising Member, adding itself to other 95 companies. To obtain the certification, an external auditor verified the compliance of Montana with good practices promoted by ABE, such as punctual payment of salaries and benefits, punctual payment of insurance, safe and hygienic working environment, training and development, payment for merits, recognition and personal assessment, obtaining a score exceeding by far the minimum required for certification. |
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Interviewee(s) |
External Sources |
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Information provided |
This report was developed with information that was collected from third-party sources, such as databases and official, because subject's executives refused to provide any information.It is included the Interim Balance Sheet for the first 6 months of 2012, which is detailed below. |
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SALES |
US$
0.00 () |
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FINANCIAL SITUATION |
A-: SATISFACTORYBased on the last Financial Statement and/or its general conditions, this company's Financial Situation is deemed to be SATISFACTORY because of the following considerations:- Liquidity ratio is slightly acceptable. Its working capital has a positive margin. Its shareholders' equity covers moderately its liabilities. Its results are moderate.Subject's annual sales as reported to the national registry of suppliers amount to S/.269,853,000.=. |
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Property of company comments |
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Subject's fixed assets include several vehicles, including vans with 4-TM capacity and various cars. |
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INSURANCE |
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Insurance Comments |
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Insurance policy is taken out through its broker Rehder & Asociados. |
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TRADE REFERENCES |
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Note
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SUPERINTENDENCY OF BANK & INSURANCE (SBS) |
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Debt structure for bank. SBS
Latest Consolidated Credit Report as of : 31/01/2013 |
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CONSOLIDATED DEBT (ALL
BANKS) ENTITIES
NUMBER :
07 31/01/2013 |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.33 |
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1 |
Rs.82.55 |
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Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
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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-- |
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.