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Credit Report
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Information may vary depending on the company type.
Information in this report is for sample purposes only. Individual items included only when available.
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PRODUCTORA NACIONAL DE CONCENTRADOS S.A. (FICTITIOUS SAMPLE)
PROCON
FORMERLY: NACIONAL DE CONCENTRADOS LTDA.
PARENT COMPANY: INDUSTRIA NACIONAL DEL CONCENTRADOS S.A. (FICTITIOUS)
******************************************************************************
Cll. 12A # 35-95 NIT: 8605100009
Bogota, D.C. COLOMBIA NBC: 10122081
TELEPHONES (1) 6257811 - 6924124
FAX (1) 4138596 STARTED : 1980
P.O. BOX 12458 INCOME 12/200_:$69,109,990
NETWORTH 12/200_:$11,430,803
info@procon.com EMPLOYEES : 160
www.procon.com (monetary values in thousands)
Luis Augusto Mantilla Escobar
General Manager T. R. M. :$2,369.67 a US$1.00
PRINTING DATE: 04/06/200_
ISIC (Rev. 3):
1533 - MANUFACTURER OF PREPARED ANIMAL FEED.
******************************************************************************
ANALYTICAL SUMMARY: 04/06/200_
BYINGTON RATING : 4.2 COMMERCIAL CREDIT LIMIT GUIDE
PAYMENTS INDEX : 34
SOLVENCY : LIMITED Conservative: $178,300,000
DEBT : LIMITED Liberal : $299,200,000
SALES TREND : STEADY
HISTORY : CLEAR
PAYMENTS : SLOW
BANKS : SUBJECT'S OUTSTANDING BANKING LOANS ARE QUALIFIED 100%
AS NORMAL (A).
OTHER SENSITIVE ITEMS:
NET CASH FLOW (-) USED BY OPERATING ACTIVITIES OF $1,429 MILLION.
CHANGES IN FINANCIAL CONDITION:
THE FOLLOWING ITEMS HAVE DETERIORATED AND ARE HIGHLIGHTED: DEBTS/ASSETS
CHANGED FROM 52.24 TO 61.28%.
AN IMPROVEMENT IN THE FOLLOWING IS REGISTERED: OPERATING PROFITS FROM
$783,000 TO $1,246,000 AND ACID TEST RATIO FROM 0.64 TO 0.73.
******************************************************************************
CREDIT HABITS:
SUPPLIERS: 03/13/200_. SLOW
----------------------------
PAYMENTS INDEX: 200_03 - 34 AVERAGE INDEX LATEST YEAR - 78
--------------- 200_10 - 67 OTHER FIRMS SAME LINE OF BUSINESS
200_02 - 61
200_07 - 60
200_01 - 61
Amounts in million (pesos)
LAST PERIOD SUMMARY
------------------------------------------------------------------------------
DATE HIGH MONTHLY NOW PAST TERMS LAST
YYMM CREDIT AVERAGE OWES DUE (DAYS) GUARANTEE SINCE SALE PAYMENTS
------------------------------------------------------------------------------
0_03 1) 1240.0 450.0 100.0 30-60 * Invoice 1990 04-03 Slow 60D
2) 950.0 185.0 60.0 30 ** Invoice 200_ 03-11 Slow 45D
3) 750.0 320.0 0.0 30-90 Invoice 1993 04-03 Prompt
4) 450.0 130.0 0.0 30-60 Invoice 1990 03-08 Prompt
5) 220.0 185.0 35.0 30 *** Invoice 200_ 04-03 Slow 120D
6) 150.0 N/D 0.0 30 Invoice 1990 03-10 Prompt
7) 130.0 N/D 0.0 60 Invoice 1996 03-09 Prompt
8) 95.0 N/D 0.0 60-90 Pro.Note 1994 03-10 Prompt
0_10 9) 300.0 N/D N/D 30 Invoice 200_ 03-10 Prompt
10) 220.0 150.0 30.0 30 Invoice 1992 03-09 Slow 15D
SUPPLIER NAMES
In an effort to preserve the quality of information supplied by the source,
names are ordered alphabetically with no direct reference to payment details;
names of suppliers that could not be contacted or did not supply references in
the course of the last investigation may appear.
- AGREGADOS DE LOS ANDES LTDA.
Cll. 104 # 17-52, (1) 2268053, Bogota
- ATLAS COPCO COLOMBIA LTDA.
Transv. 93 # 61-48 Int. 51/52 Alamos Ind'l., (1) 2915490, Bogota
- BASF QUIMICA COLOMBIANA S.A.
(1) 6322260, Bogota.
- BAVARIA S.A.
Cll. 94 # 7A-47, (1) 6389000, Bogota
- BAYER S.A.
(1) 4142277, Bogota.
- CABARRIA Y CIA. S.A.
(1) 3190100, Bogota.
- CALCAREOS INDUSTRIALES Y AGRICOLAS LTDA.
(4) 2888509, Envigado.
- CARBON DE COLOMBIA TRANSCARGAR LTDA.
Cra. 66A # 5-72, (1) 2622206, Bogota
- CARBONES Y PETROLEOS COLOMBIANOS CARBOPETROL S.A.
(1) 6357752, Bogota.
- CARTON DE COLOMBIA S.A.
Cll. 15 # 18-109 Zona Industrial, (2) 6914000, Yumbo
- CHEVRONTEXACO PETROLEUM COMPANY
(1) 6394444, Bogota.
- COMPAQ COMPUTER DE COLOMBIA LTDA. (ABSORBED BY MERGER)
(1) 3267000, Bogota.
- CRISTALERIA PELDAR S.A.
(4) 3788000, Envigado.
- DISTRIBUIDORA NACIONAL DE AUTOMOTORES S.A.
(4) 2326888, Medellin.
- FERRETERIA REINA S.A.
(1) 3607577, Bogota.
- FERROINDUSTRIAL S.A.
(4) 3319900, Envigado.
- FESA S.A.
(2) 6618161, Cali.
- IMOCOM S.A.
(1) 4137755, Bogota.
- INTERNACIONAL FERRETERA LTDA.
(4) 2326605, Medellin.
- MOTORES Y MAQUINAS S.A.
(1) 6605100, Bogota.
- NOPCO COLOMBIANA S.A.
(4) 4643311, Bello.
- PAPELES Y CARTONES S.A.
Cra. 37A # 8-43 Ofc. 903 Edif. Rose Street, (4) 4057000, Medellin
- PETROQUIMICA COLOMBIANA S.A.
(1) 6513600, Bogota.
- PRODUCCIONES QUIMICAS S.A.
(1) 4188066, Bogota.
- SHELL COLOMBIA S.A.
(1) 6404000, Bogota.
- TRANSPORTADORA COMERCIAL COLOMBIA S.A.
(4) 2685200, Medellin.
BANKING: 03/13/200_
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Name Branch City Account No.
------------------------------------------------------------------------------
Banco Popular Zona Ind'l. Bogota 048-22514-9
BBVA Colombia Centro Int'l. Bogota 178-01598-6
Banco de Occidente Av. 68 Bogota
Banistmo Chico Bogota 000-4646-20
Total Financial Debt by Type and Months Overdue:
------------------------------------------------------------------------------
Quarter No. of Type of No. of Amount Months
Ending Banks Credit Loans (In 000's) Overdue
------------------------------------------------------------------------------
Partial Figures between January 200_ and March 200_:
1 Commercial 7 5,212,291 A- Normal
Consumer 2 102,738 A- Normal
Complete Figures:
Dec 200_ 8 Commercial 19 12,285,773 A- Normal
Sep 200_ 9 Commercial 35 15,897,446 A- Normal
Consumer 1 83 A- Normal
Jun 200_ 6 Commercial 17 9,580,681 A- Normal
Consumer 1 14,045 A- Normal
Total Financial Debt by Currency:
------------------------------------------------------------------------------
Period / In Colombian In Foreign Total
Qrtr Ending Figures Pesos Currency Outstanding
------------------------------------------------------------------------------
Jan 0_-Mar 0_ Partial 3,402,023 1,913,006 5,315,029
Dec 200_ Complete 8,957,135 3,328,638 12,285,773
Sep 200_ Complete 7,581,987 8,315,542 15,897,529
Jun 200_ Complete 6,471,381 3,123,345 9,594,726
[ AS PER LEGAL NORMS, THE EXPERIENCE IN HANDLING BANK ACCOUNTS AND FINANCIAL
DEBT WILL APPEAR ONLY IN THOSE REPORTS IN WHICH AN AUTHORIZATION IN WRITING
FROM SUBJECT COMPANY'S LEGAL REPRESENTATIVE IS OBTAINED TO CONSULT THE BANKING
ASSOCIATION'S CREDIT BUREAU. ]
==============================================================================
FINANCE: 03/13/200_
BALANCE SHEET
(In Thousands)
12/31/200_ 12/31/200_
ASSETS
CASH AND BANKS $3,449,926 11.7% $2,234,464 9.2%
TEMPORARY INVESTMENTS $6,395 0.0% $3,738 0.0%
RECVBLS FROM CLIENTS $0 0.0% $4,420,536 18.2%
OTHER RECEIVABLES $0 0.0% $1,477,814 6.1%
RECEIVABLES $9,837,029 33.3% $5,898,350 24.3%
INVENTORY $7,207,503 24.4% $6,675,720 27.5%
DEFERRED ASSETS $10,632 0.0% $18,409 0.1%
TOTAL CURRENT ASSETS $20,511,485 69.5% $14,830,681 61.2%
PERMANENT INVESTMENTS $0 0.0% $27,797 0.1%
LONG TERM DEBTORS $0 0.0% $156,542 0.6%
NET FIXED ASSETS $3,163,132 10.7% $3,403,264 14.0%
OTHER ASSETS $385,288 1.3% $368,634 1.5%
REAPPRAISALS $5,465,149 18.5% $5,446,416 22.5%
TTL NON-CURR ASSETS $9,013,569 30.5% $9,402,653 38.8%
-------------------- --------------------
TOTAL ASSETS $29,525,054 100.0% $24,233,334 100.0%
MEMORANDA ACCOUNTS $2,571,983 $3,237
LIABILITIES AND NETWORTH
FINANCIAL LIABILITIES $13,038,639 44.2% $9,187,713 37.9%
SUPPLIERS $4,042,009 13.7% $2,370,916 9.8%
ACCTS PAYABLE $856,329 2.9% $965,588 4.0%
TAXES $577 0.0% $2,460 0.0%
INCURRED LABOR OBLIGATNS $127,956 0.4% $128,139 0.5%
PROVISIONS $28,741 0.1% $5,006 0.0%
TOTAL CURRENT LIABS. $18,094,251 61.3% $12,659,822 52.2%
TOTAL NON-CURR LIABS. $0 0.0% $0 0.0%
-------------------- --------------------
TOTAL LIABILITIES $18,094,251 61.3% $12,659,822 52.2%
CAPITAL $2,630,817 8.9% $2,630,817 10.9%
SURPLUS $4,433 0.0% $4,433 0.0%
RESERVES $456,133 1.5% $1,142,681 4.7%
NETWORTH REAPPRAISAL $2,418,909 8.2% $1,982,378 8.2%
NET PROFITS $455,362 1.5% $366,787 1.5%
REAPPRAISALS $5,465,149 18.5% $5,446,416 22.5%
TOTAL NETWORTH $11,430,803 38.7% $11,573,512 47.8%
-------------------- --------------------
TTL LIABS.+NETWORTH $29,525,054 100.0% $24,233,334 100.0%
MEMORANDA ACCOUNTS $2,571,983 $3,237
PROFIT AND LOSS
FROM 01/01/200_ 01/01/200_
TO 12/31/200_ 12/31/200_
OPERATING REVENUES $69,109,990 100.0% $57,891,465 100.0%
COST OF GOODS SOLD $65,298,530 94.5% $54,739,064 94.6%
GROSS PROFIT $3,811,460 5.5% $3,152,401 5.4%
OPERATING EXPENSES $2,565,459 3.7% $2,369,620 3.4%
ADMINSTRTV EXPENSES $0 0.0% $814,842 1.4%
OPERATING EXPENSES $0 0.0% $1,554,778 2.7%
OPERATING PROFITS $1,246,001 1.8% $782,781 1.4%
NON-OPERATING REVENUES $1,793,503 2.6% $1,652,040 2.9%
NON-OPERATING EXPENSES $1,921,698 2.8% $1,551,304 2.7%
PROFIT BEFOR TAX&INFL $1,117,806 1.6% $883,517 1.5%
INFLATION ADJUSTMENTS ( $151,444) -0.2% ( $164,730) -0.3%
TAX PROVISION $511,000 0.7% $352,000 0.6%
-------------------- --------------------
NET PROFIT AND LOSSES $455,362 0.7% $366,787 0.6%
CASH FLOW
200_ 200_
NET INCOME 455,362 366,787
+ Depreciation 673,848 592,658
+ Amortizations 12,005
+ Provisions 180,000 168,000
+ Loss Asst Sls/Rtrmt 991 15,903
- Property + Equipment 499,575 492,093
- Deferred Assets 2,721 2,415
- Other Assets 28,659 24,038
+/- Networth 436,531 472,611
+ Ac. Depreciation 245,868 210,665
+ Tax Provision 511,000 352,000
Subtotal 1,984,650 1,660,078
CASH GENERATED IN OPS 1,984,650 1,660,078
+ Decr Deferred Assets 10,498 41,284
+ Increas in Suppliers 1,671,093
+ Increas Accts Payble 266,167
+ Increase in Taxes 2,181
+ Incr Estmtd Liablts 23,735
- Increase Debtors 3,964,794 3,696
- Increase Inventories 531,783 2,142,974
- Decrease Suppliers 605,255
- Decreas Accts Payble 109,259
- Decrease in Taxes 512,883 352,000
- Decr Labor Liablts 183 227
- Decr Estmtd Liablts 3,714
- Decr Deferrd Liablts 549
NET CASH OPRTNG ACTVTS -1,428,926 -1,138,705
- Purch. Permnt Invsts 30,363 19,458
- Purch. Proprty+Equip 181,000 449,981
- Incr. in Othr Assets 80,089
+ Sale Temp Invstmts 58,160
NET CASH INVST ACTVTS -153,203 -549,528
+ New Financial Debt 39,170,623 28,318,586
- Decrease Fincl Debt 35,319,697 25,590,784
- Decrease in Capital 153,335
- Payment of Dividends 900,000 200,025
NET CASH FNCL ACTVTS 2,797,591 2,527,777
TOTAL - Cash Increase 1,215,462 839,544
CASH BEGINNING OF YEAR 2,234,464 1,394,920
CASH END OF YEAR 3,449,926 2,234,464
COMPARATIVES
(in million)
Vertical and Horizontal Analysis
Vertical Analysis (ANLS V) reflects the weight of a given value in relation to
Total Assets or Net Sales. Horizontal Analysis (ANLS H) reflects the variation
in CURRENT PRICES of a given value with respect to that registered in the
prior year after discounting inflation.
------------------------------------------------------------------------------
ANLS. ANLS. ANLS.
V H V H V H
DATE 12/200_ % % 12/200_ % % 12/200_ % %
------------------------------------------------------------------------------
INFLATION 6.49% 6.99% 7.65%
EXCHANGE RATE US$ 2,780.82 2,864.79 2,291.18
COMM. ACCTS RECEIV. 4,421 18 -9 4,527 21 42
INVENTORY 7,208 24 1 6,676 28 38 4,533 21 -11
CURRENT ASSETS 20,511 69 30 14,831 61 14 12,208 58 29
NET FIXED ASSETS 3,163 11 -13 3,403 14 -3 3,280 16 -4
OTHER ASSETS 385 1 -35 553 2 89 273 1 7
REAPPRAISALS 5,465 19 -6 5,446 22 -5 5,383 25 12
TOTAL ASSETS 29,525 100 14 24,233 100 7 21,144 100 18
CURRENT LIABS. 18,094 61 34 12,660 52 15 10,273 49 28
TOTAL LIABILITIES 18,094 61 34 12,660 52 15 10,273 49 24
CAPITAL 2,631 9 -6 2,631 11 -7 2,631 12 -7
NETWORTH 11,431 39 -7 11,574 48 10,871 51 12
TTL LIABS+NETWORTH 29,525 100 14 24,233 100 7 21,144 100 18
OPERATING REVENUES 69,110 100 12 57,891 100 18 45,733 100 20
COST OF GOODS SOLD 65,299 94 12 54,739 95 21 42,289 92 20
GROSS PROFIT 3,811 6 14 3,152 5 -14 3,443 8 22
OPERATING EXPENSES 2,565 4 2 2,370 4 15 1,921 4 10
OPERATING PROFITS 1,246 2 49 783 1 -52 1,522 3 41
NON-OPERAT. REVENUES 1,794 3 2 1,652 3 34 1,155 3 17
NON-OPERAT. EXPENSES 1,922 3 16 1,551 3
FINANCIAL EXPENSES 1,683 4
PROFITS BEFORE TAXES 1,118 2 19 884 2 -17 995 2 278
NET INFLAT. ADJUSTM. -151 0 14 -165 0 -33 -116 0 (-)
TAX PROVISIONS 511 1 36 352 1 -13 377 1 26
NET PROFITS & LOSSES 455 1 17 367 1 -32 502 1 4
CASH GNRTD BY OPS. 1,985 12 1,660 -6 1,652
NET CSHFLW OPR ACTS -1,429 -18 -1,139 (-) 701
NET CSHFLW INV ACTS -153 74 -550 -55 -332
NET CSHFLW FNC ACTS 2,798 4 2,528 591 342
EBITDA 2,178 37 1,586 -28 2,211
WORKING CAPITAL 2,417 5 2,171 5 1,935 36
NETW.-REAPPRAISALS 5,965 -3 6,127 12 5,487 21
NETWORTH US$ 4 4 -20 5 25
NET SALES US$ 25 25 20 20 25
FINANCIAL RATIOS
MODEL A "Z-SCORE" 2.98 -6 3.16 12 2.83 -10
CURRENT RATIO 1.13 -3 1.17 -2 1.19 1
ACID TEST RATIO 0.73 14 0.64 -14 0.74 37
TTL DEBT/TTL ASSETS 61.28% 17 52.24% 8 48.59% 6
DEBT/(ASSETS-REAPPR) 75.21% 12 67.39% 3 65.18% 4
CURR LIABS/TTL LIABS 100.00% 100.00% 100.00% 3
TTL DEBT/OPERAT REVNS 26.18% 20 21.87% -3 22.46% 4
FIN DEBT/OPERAT REVNS 18.87% 19 15.87% 12 14.13% -18
FINANCIAL BURDEN 2.78% 4 2.68% -27 3.68% -22
CVRGE NON-OPRTNL EXPS 64.84% 28 50.46% -44 90.48% 51
EBITDA/NON-OPRTN EXPS 0.11% 10 0.10% -23
GROSS PROFITABILITY 5.52% 1 5.45% -28 7.53% 2
OPERAT PROFIT MARGIN 1.80% 33 1.35% -59 3.33% 18
PROFIT MARGIN 0.66% 5 0.63% -43 1.10% -13
RETURN ON NETWORTH 3.98% 26 3.17% -31 4.62% -7
RETURN ON TTL ASSETS 1.54% 2 1.51% -37 2.38% -12
NETWORTH TURNOVER 6.05 21 5.00 19 4.21 7
TOTAL ASSET TURNOVER 2.34 -2 2.39 11 2.16 2
WORKING KPTL TURNOVER 28.59 7 26.67 13 23.64 -12
PORTFOLIO TURNOVER 13.10 30 10.10 -15
COLLECTN PERIOD (DAYS) 27.87 -23 36.13 18
INVENT TURNOVER (DAYS) 40.29 -9 44.51 14 39.12 -25
OPERATNL CYCLE (DAYS) 72.38 -4 75.25 -9
AVRG PAYMENT PERIOD 22.59 43 15.81 -38 25.69 158
CASH CYCLE 56.57 14 49.56 -32
SALES VARIATION US$ 22.98% 1.24% 25.61%
The minus sign (-) in the Vertical and Horizontal Analysis reflects a negative
variation which exceeds -999%.
FINANCIAL CONDITION
(As Compared to Industry Norms based
Financial Statements from Dec/1994 to Dec/200_)
ISIC 1533 - MANUFACTURER OF PREPARED ANIMAL FEEDS.
The shown Industry Norms were selected, in order of priority, from subject's
Class, it's Group, Division and/or Category, according to the availability of
a significant amount of financial information. The statistic Median, based on
the financial statements that constitute the selected groupings, is used as
the Industry Norm.
Comparison with Industry Norms
------------------------------------------------------------------------------
SUBJECT AVERAGE DIFF. CONDITION STANDARD DIFF. CONDITION
9 YEARS ANO 200_
No. OF COMPANIES 343 35
------------------------------------------------------------------------------
CURRENT RATIO 1.13 1.21 -0.08 Limited 1.28 -0.15 Limited
Acid Test Ratio 0.73 0.75 -0.02 Normal 0.87 -0.14 Limited
DEBT./ASSETS 61.28 54.09 7.19 Limited 46.22 15.06 Limited
Debt/Assets-Vlrz 75.21 62.79 12.42 Limited 55.03 20.18 Deficient
Short Term Debt 100.00 93.99 6.01 Deficient 95.69 4.31 Deficient
Ttl Debt/Op Revns 26.18 25.83 0.35 Normal 21.22 4.96 Limited
Fin Debt/Op Revns 18.87 14.21 4.66 Limited 10.40 8.47 Deficient
Financial Burden 2.78 4.14 -1.36 Good 2.63 0.15 Normal
Cvrge Non-Op Exp 64.84 58.14 6.70 Normal 105.12 -40.28 Limited
EBITDA/Non-Op Exp 0.11 0.85 -0.74 Deficient 3.00 -2.89 Deficient
PROFITABILITY
Gross Profit 5.52 9.65 -4.13 Limited 10.97 -5.45 Deficient
Op. Profit Margin 1.80 2.91 -1.11 Limited 3.23 -1.43 Limited
Profit Margin 0.66 1.48 -0.82 Limited 1.59 -0.93 Limited
Ret. on Networth 3.98 6.78 -2.80 Limited 6.90 -2.92 Limited
Return on Assets 1.54 3.21 -1.67 Limited 3.72 -2.18 Limited
ACTIVITY
Networth Turnover 6.05 5.39 0.66 Normal 3.97 2.08 Excellent
Asset Turnover 2.34 2.17 0.17 Normal 2.13 0.21 Normal
Wrkng Kptl Turnvr 28.59 11.69 16.90 Limited 13.99 14.60 Deficient
Invent. Turnover 40.29 39.70 0.59 Normal 35.66 4.63 Limited
Avrg Payment Prd 22.59 23.87 -1.28 Normal 26.71 -4.12 Normal
(Byington assigns five different grades, which, from best to worse, can be: 1)
Excellent, 2) Good, 3) Normal, 4) Limited or 5) Deficient.)
[BECAUSE BYINGTON IS DEPENDENT ON A LARGE NUMBER OF INFORMATION SOURCES WHICH
IT DOES NOT CONTROL, THE QUANTITY OF FINANCIAL INFORMATION SHOWN WILL VARY
FROM REPORT TO REPORT. THE CURRENT SAMPLE INCLUDES A COMPLETE FINANCIAL
STATEMENT WHICH IN SOME CASES WILL NOT BE POSSIBLE TO OBTAIN OR IN SOME
REPORTS CAN INCLUDE ONLY PARTIAL FINANCIAL DATA; ALTHOUGH ARE MADE ALL THE
EFFORTS TO OBTAIN COMPLETE FINANCIAL INFORMATION.]
Real Estate: 03/13/200_
Cll. 12A # 35-95, Bogota Factory
Cll. 13 # 34-26, Bogota Local
Av. Los Orientales # 21-30, Medellin Branch
==============================================================================
OPERATIONS: 03/13/200_
Line of Business : Manufacturer of prepared animal feeds.
ISIC (Rev. 3) : 1533 - MANUFACTURER OF PREPARED ANIMAL FEEDS.
Employees : Permanent: Administrative, 38; Operational, 122.
Total : 160.
Sales are made to : Wholesalers, Retailers, Final Consumers.
Clients : National 100; International 10; Total 110.
Sales Conditions : Cash sales, 10%; Credit sales, 90%.
Terms 30-60 Days.
Sales Territory : Colombia, Venezuela, Argentina, Ecuador and Central
America.
International Trade : Imports 200_: US$52,385
Exports 200_: US$32,640
Ubicacion : Occupies own premises, a(n) 2 story factory of brick
construction in a(n) industrial sector, well maintained.
Other locations: 03/13/200_
Store Cll. 13 # 34-26, Bogota.
Branch Av. Los Orientales # 21-30, Medellin.
Branch Cra. 57C # 25-78, Barranquilla.
Insurance Companies: 03/13/200_
------------------------------------------------------------------------------
Company Risk Amount
------------------------------------------------------------------------------
CHUBB DE COLOMBIA CIA. DE SEGUROS S.A. Against all risk 200,000,000
CIA. COLOMBIANA DE SEGUROS S.A. COLSEGURO Against all risk 160,000,000
MAPFRE SEGUROS GENERALES DE COLOMBIA S.A. Vehicles
Main address was formerly at Cll. 78 # 45-89, Bogota.
==============================================================================
HISTORY: 03/13/200_
Private Corporation established by Public Deed No. 1972 of 06/15/1980,
Notary 3 of Bogota.
Authorized Capital, $10,000,000,000; Paid In Capital, $8,288,119,500. Number
of shares, 100,000,000; Nominal value per share, $100.00.
Initially established as a Limited Liability Company under the legal name of
NACIONAL DE CONCENTRADOS LTDA. According to Public Deed # 189 on March 20th.
of 1989, subject changed its legal structure to a Private Corporation under
the legal name presently held.
Partners-Shareholders: 03/13/200_
------------------------------------------------------------------------------
Name I.D. Number Percentage
------------------------------------------------------------------------------
INDUSTRIA NACIONAL CONCENTRADOS S.A. 8604561239 68.00%
INVERSIONES MANTILLA LTDA. 8907456213 11.00%
Leonor Casas de Mantilla 5442633 9.00%
Juan Andres Vargas Uribe 65406546 6.00%
Roberto Casas Pombo 654651654 4.00%
Luis Augusto Mantilla Escobar 3229229 2.00%
Board of Directors: 03/13/200_
------------------------------------------------------------------------------
Principals: Alternates:
------------------------------------------------------------------------------
Luis Augusto Mantilla Escobar Leonor Casas de Mantilla
Roberto Mantilla Casas Alberto Mantilla Casas
Jorge Velasquez Perdomo Juan Carlos Escallon B.
Roberto Santamaria Davila Absalon Velez Vasquez
Executive Officers: 03/13/200_
-Luis Augusto Mantilla Escobar, General Manager, with the company since 1980,
Civil Engineer. Last Position: Production Manager, CONCRETOS S.A.
-Carlos Perea Contreras, General Assistant Manager, since 1980, Business
Administrator.
-Roberto Uribe Hurtado, Financial Manager.
-Jorge Diaz Granados, Production Manager.
-Alberto Rojas Diaz, Medellin's Branch Manager.
-Gabriel Ernesto Mendez Cabrera, Administrative Director, since 1995.
Legal Representative: Luis Augusto Mantilla Escobar, I.D. 3,229,229.
Alternates(s): Carlos Perea Contreras, I.D. 452,164.
Limitations: None.
Auditor: Ernesto Valverde Ruiz, I.D. 89,561,216.
Alternates(s): Gonzalo Rodriguez Erazo, I.D. 45,600,021.
Appointed by the External Auditor Firm: ORDONEZ Y CIA. LTDA.
RELATED CONCERNS:
Parent Company:
-INDUSTRIA NACIONAL DEL CONCENTRADOS S.A. (FICTITIOUS) - Nit. 8604561239,
Bogota; Manufacturer of prepared animal feeds.
Affiliates:
-INVERSIONES MANTILLA LTDA. - Nit. 8907436213, Bogota; Investor.
ORDER A BYINGTON REPORT ON AFFILIATES ON WHICH YOU NEED
ADDITIONAL INFORMATION
******************************************************************************
DATA GATHERING:
The investigation which resulted in the generation of the current Business
Report, the updating, addition and confirmation of data requested from
PRODUCTORA NACIONAL DE CONCENTRADOS S.A. (FICTITIOUS SAMPLE), and that obtained
from printed media, antecedents in our own files, suppliers, credit bureaus,
Chambers of Commerce, Superintendency of Corporations and other public
records, ended 03/13/200_. Carlos Perea Contreras, Assistant Manager, to
subject company, furnished complete information. Further information could
have been received and included in this report at a later date.
jarm
2006 © BYINGTON COLOMBIA
Information may vary depending on the company type.
Information in this report is for sample purposes only. Individual items included only when available.