CREDIT REPORT S.A. CONFIDENTIAL COMMERCIAL REPORT STATUS REPORT - PERU +------------------------------------------------------------------------------+ SUBSCRIBER : 4444 REPORTER : IR DATE : 29/11/2004 PRIORITY : Normal OPERATOR : NDF (Day/Month/Year) ORDER : 10.11.2004 REFERENCE : 20100284 +------------------------------- IDENTIFICATION -------------------------------+ COMPANY NAME : * ABC INDUSTRIAL SA TRADE NAME : "MODELO PROMEDIO DE UN INFORME DE CRSA" TAXPAYER REGISTRY : RUC 100000000 OPERATING STATUS: Active MAIN ADDRESS : .Av.Argentina 12345, Carmen de la Legua CITY/PROVINCE/STATE : Callao TELEPHONE : 555.9999 FAX : 555.8888 E - MAIL : acbde@ibm.com.pe WEB SITE : www.abcindustria.com.pe ------------------------------------------------------------------------------ CR-RATING : A1: NO RISKS EP-PAYMENT RECORD : 1A: EXCELLENT COMMERCIAL REFERENCES ------------------------------------------------------------------------------ +------------------------------------ LEGAL -----------------------------------+ LEGAL FORM : Stock Company LEGAL ESTABLISHMENT : 22.10.1985 REGISTERED IN : Lima NOTARY OFFICE : Manuel Noya de la Piedra DURATION : Indefinite REGISTRATION : Card 12345 RRPP INITIAL CAPITAL : S/. 2,000,000.= Sol oro (old peruvian currency) CURRENT PAID IN CAPITAL : Nuevo sol LAST CAPITAL INCREASE : 25.05.2000 (by capitalization and new contribution PATRIMONY : S/. 1'040,332.=Nuevos soles TYPE OF SHARES : Nominative SHARE VALUE : 10.= Nuevo sol RATE OF EXCHANGE : S/. 3.49 per US$1.=as of report date ANTECEDENTS (HISTORY) .- The present business was established by shareholders listed below, who have obtained to place the subject among the most important companies of the field in the country. On 05. 30. 1997 ,the subject took over SERVICIOS COMPLETOS SA, which was dissolved with no liquidation. RELATED COMPANY(IES) .- The same shareholders of subject participate in the following companies: COMPANY NAME TAX REG STATUS COUNTRY * INMOBILIARIA MODERNA SA 98765432 Active PERU * ABC INDUSTRIAL SA Pg. : 02 1/2 DE CONSTRUCCION SA 2010186323 PERU 100% SEGURIDAD INTEGRAL SAC 2041702524 PERU GAMA SA PERU ZZEMPRESA AAA SA 1234567890 PERU ZZINMOBILIARIA MODERNA SA 98765432 PERU ZZSERVICIOS COMPLETOS SA 98765432 PERU +------------ INDIVIDUALS / SHAREHOLDERS / DIRECTORS / EXECUTIVES -----------+ NAMES POSITIONS PARTICIPATION * SOTO MORALES, JUAN President 65% * DELGADO LUNA, JULIO Managing Director 30% * MORALES MORALES, PEDRO Director 05% * PAREDES HERRERA, MARIO General Accountant * RUIZ PONCE, LUIS Sales Manager +--------------------------------- WHO IS WHO ---------------------------------+ * SOTO MORALES, JUAN Peruvian, born on 30 March 1945, ID 12345678, TAXPAYER REGISTRY RUC 98765432, INDUSTRIAL ENGINEER, Reg. 123 (UNI, 1962), home address : Las Acacias 345 - Miraflores (owned), (Lima 18), Telephone : 222.1133, Married Raquel Perez Moran From 1975 to 1984 he worked as Sales Manager at METALES NACIONALES SA. Later, he retired to form a part of subject. - Associated as per our database to: Position Company Tax Reg Partic. Status Date CR Presid. * CIA. INDUSTRIAL SA (SA 10022344 65% Active 2002 B2 Shdr. * INMOBILIARIA MODERNA SA 98765432 50% Active 2000 Shdr. INMOBILIARIA MODERNA SA 98765432 50% Active 2000 * DELGADO LUNA, JULIO Peruvian, born on 30 May 1960, ID 12345678, TAXPAYER REGISTRY RUC 98765432, BUSINESS ADMINISTRATOR, home address : Los Pinos 123 San Isidro, (Lima 27), Telephone : 212 3456, Married Ruth Ferro Until 1984 he worked as Commercial Manager at Metales Nacionales SA. Later, he retired to form a part of subject. COMMERCIAL REPUTATION : 1A: EXCELLENT COMMERCIAL REFERENCES - Associated as per our database to: Position Company Tax Reg Partic. Status Date CR MginDir. * CIA. INDUSTRIAL SA (SA 10022344 30% Active 2002 B2 Shdr. * AAA SA 99887766 Active 1999 B2 Shdr. * BBB SA 12343212 Active 1999 B2 Shdr. * INMOBILIARIA MODERNA SA 98765432 5% Active 2000 * MORALES MORALES, PEDRO Peruvian, DNI 12345678, LAWYER, home address : Cerro de Pasco 124 Urb. Covida, (Los Olivos), Telephone : 485 5533, Married to Paulina Garcia He owns a Legal Office located at Jr. Loreto 4546 Lima. - Associated as per our database to: Position Company Tax Reg Partic. Status Date CR * ABC INDUSTRIAL SA Pg. : 03 Director * CIA. INDUSTRIAL SA (SA 10022344 5% Active 2002 B2 Shdr. * AAA SA 99887766 Active 1999 B2 Shdr. * BBB SA 12343212 Active 1999 B2 +--------------------------------- OPERATIONS ---------------------------------+ SECTOR : 1.-INDUSTRY MAIN ACTIVITY : METAL PRODUCTS The subject is engaged in the manufacture and sale of metallic products, metallic containers for chemical industry,and a variety in metallic products. The subject supplies mainly to local industries through contract. At the present they have 120 clients IMPORT : Yes In 1999 imported US$ 150,000.=from Brazil,USA.Germany, Sweden EXPORT : Yes (containers) In 1999 exported US$ 250,000.= % CASH SALES : 30% Inv. at 30 days % CREDIT SALES : 70% Drafts at 30-60-90 days LOCAL PURCHASING : 70% credit at 30-60 days FOREIGN PURCHASING : 30% mainly with letter of credit TERRITORY OF SALES : 80% Lima,10% prov. mainly Arequipa & Trujillo % EXPORT SALES (COUNTRIES): 10% (Bolivia, Ecuador and Chile) EMPLOYEES : 41 (employees,workers,tecnicians) LOCATIONS .- The administrative and accounting offices ,as well as, the industrial plant are located at the above address since July 1997. This modern facility with an area of 1,200 square meters owned by Inmobiliaria moderna SA (of the same shareholders)is placed in an industrial zone. The subject owns modern equipment, aparently with good security conditions.They do not have other facilities. COMMENTS .- Among the manufactured products ,are: containers for paints, chemical products, cookies, and industrial products in general The development of their exportation policy started in 1996 and at the present time this is one of its main activities. They are also studying the possibility to export to Costa Rica, Guatemala and El Salvador. Their exportations are through letter of credit. Their activities are developing in a normal way. Their competition is not so strong and they have a good standing in this sector. They are the leaders in this field. +--------------------------- FINANCIAL INFORMATION ----------------------------+ CONTENT .- Interviewed Mario Paredes, General Accountant, provided us with the comparative Balance Sheets dated on 31.12.99/31.12.98, audited by Portal Asociados. For your information we are including previous Balance Sheets as of 31.12.97/31.12.96 obtained from our Data Base. * ABC INDUSTRIAL SA Pg. : 04 BALANCE SHEET DATE : 31/12/1999 31/12/1998 31/12/1997 31/12/1996 EXCHANGE RATE BY US$ : 3.50 315.00 273.00 2.58 CURRENCY : Nuevos Soles Nuevos Soles Nuevos soles Nuevos soles (thousands) (thousands) (thousands) (thousands) ASSETS CASH/BANKS : 12 10 10 8 RECEIVABLES : 34 20 23 24 INVENTORY : 345 234 228 210 TOTAL CURRENT : 391 274 261 242 FIXED : 987 123 98 100 OTHERS : 85 709 611 450 TOTAL ASSETS : 1,463 1,107 970 792 LIABILITIES BANKS/SUPPLIERS : 123 111 100 123 OTHERS : 15 15 15 18 TOTAL CURRENT : 138 126 115 141 LONG TERM : 187 158 165 59 OTHERS : 98 77 60 45 PATRIMONY CAPITAL (*) : 850 600 500 400 RESERVE : 154 111 100 46 PROFITS : 35 33 30 99 TOTAL LIABILITIES : 1,462 1,107 970 792 SALES : 3 2 2 2 PROFIT (LOSS) : 31 0 0 0 RATIOS CURRENT RATIO : 2.83 2.17 2.27 1.72 ASSETS TURNOVER : SOLVENCY : 0.29 0.33 0.35 0.31 ( Any difference between Total Amount (Assets/Liabilities) and Sum of Partial figures in Balance Sheet(s) is due to conversion to thousands. ) * In some cases may represent total value of Patrimony COMMENTS .- Financial situation : SATISFACTORY The figures included from years 96-97-98 and 99 show us a tendency to the growth they achieved to increase their sales in %30 and also their profits in %23. Their current relation shows us a good liquidity ratio and also working capital that allows them to work with no financial problems They use banking and commercial facilities only when is necessary. This situation is reflected in the three last years since they suffered a deficit between 1994/1995 caused by the general recession in the market. They knew overcoming those difficulties. * ABC INDUSTRIAL SA Pg. : 05 FODA ANALYSIS: STRENGTHS AND OPPORTUNITIES ---------------------------- - Know how of the business - Highly qualified staff - Excellent relation with banks/suppliers/clients - High quality products - Its products are addressed to several industrial sectors WEAKNESSES AND THREATS ---------------------- - Recession in the market - Input cost increase (High quotation of metals) - Fleet cost increase due to asian demand of vessels - Tax contingency - Few investments in Peru DETAILS OF FIXED ASSETS .- Main machinery : Two crabs MYCO, three presses KELOMATIC. manual press ,etc Two Pick Up Chevrolet trucks 1997 UB-9878 and UB 8765. INSURANCE .- Insurance policy for US$ 1,000,000 with Compañía Rimac Internacional, through its broker Minaya Asociados. Expiration date :December 2000 +---------------------------------- PAYMENTS ----------------------------------+ COMMERCIAL REFERENCE .- 1.-US$ 120,000.= drafts at 180 days. Client since 1995. Machinery. PROMPT 2.-US$ 50,000.= drafts 60-90 days. Old Client, equipment and machinery PROMPT 3.-US$ 35,000.= drafts 30-60 days. Good client. Raw material PROMPT 4.- US$ 25,000.= invoice. at 30 days. Delivery by custom service/good PROMPT 5.-S/. 150,000.= Invoice at 30days . Excellent client for many years. PROMPT CREDIT FILES .- 11 previous reports made between 1990-2000 indicated satifactory financial situation , except 94/95 when subject suffered delayed in its payments which were duly solved CREDIT RISK CENTRAL .- They do not show any protested documentation in the latest 5 years. LOCAL SUPPLIERS .- Recomaq Metales y piezas SA Texaco AG.DE AD .Salima * ABC INDUSTRIAL SA Pg. : 06 FOREIGN SUPPLIERS .- Dieter Bauer GMBH (Germany) Garibotto HNOS. (Brasil) Metal Co. Supply INC (USA) +---------------------------- BANKING INFORMATION -----------------------------+ BANKERS .- BANCO DE CREDITO (ACCT.FC 12345678 NC 9876543) BANCO CONTINENTAL (ACCT.FC.100-2-098765 NC100-1-1232456) BANCO WIESE LTDO (ACCT.NC 8765-1234) The consulted banks reported properly managed accounts, also some credit facilities have been covered punctually. SUPERINTENDENCY OF BANKING & INSURANCE .- Rating given to the entity : NORMAL Rating date : 31/07/2000 Three banks reported that the entity has a financing of US$120,000 and S./23,000 (which includes:FINANCIAL LEASING for US$50,000.=,PROMISSORY NOTES for US$50,000.=, OVERDRAFTS for US$20,000.=)PRESENTED GUARANTIES for US$150,000.= +---------------------------- GENERAL INFORMATION -----------------------------+ According to its current financial situation , payments, antecedents, as well as,its future projects, this subject is considered acceptable for a credit of US$ 30,000.= ( at 30 days) Note: The opinion above is a reference. CRSA have no responsability of the same. =============================== < END OF REPORT > ============================== ----------------------------------------------------------------------------- NOTE : This report is furnished in accordance with contract signed by subscriber with CREDIT REPORT S.A. It shall be held in strict confidence and without liabi- lity on our part. Report has been prepared on information from reliable sources with the purpose of helping your credit risk evaluation, insurance or other commercial operation. There is no legal value to it. It shall not be revealed to third parties.