Document 8VpJ0ya78BKLdJM26QgggbY2o

FILE NAME: Eternit (ETER) DATE: 1981 DOC#: ETER018 DOCUMENT DESCRIPTION: Entry in Moody's Industrial Manual 1981 MOODY'S IN T E R N A T IO N A L MANUAL SHEILA S. LAMBERT, Publisher HOWARD G. KIEDAISCH, Assistant Publisher L. JOSEPH ROGERS, General Manager ROBERT GILMOR, JR., Director--International Dept. ROBERT p. HANSON, Editor-in-Chief Editorial Staf f BRIAN T. COFFEY ALFRED G. ELLINGIIAM ALVIN E. GOUVIA JOHN J. IERACI DIANE R. KRUTZ WILLIAM H. MOORE WILLIAM M. PACCIONE FRANK R. PLATAROTE MICHAEL A. RABBIA BERNARDO G. SCERI, JR Moody's Investors Service a company of The D u n & Bradstreet Corporation SEE FOLLOWING PAGE FOR COMPLETE LIST OF OFFICES C o p y rig h t 1981 by MOODY S INVESTORS SERVICE, INC,. New York All rights reserved. MOODY'S INTERNATIONAL MANUAL 111 C o n so lid a te d In corn a A cco u n t) Doe. 31 (in th o u s a n d s f p so ): 1979 Interest in c o m e ----Commissions, fees, 847,621 77,955 Investment income . T o t a l ........................ 103,371 1,025,947 y*er# ended 1978 682,913 62,856 29,162 774,931 Bond issues Reserves Retained earnings Surplus ................ T otal . . . . . . ----N et current assets ... L o n g Torn Debt! 81,972 149,614 225,865 82,305 1,487,324 526,601 81,972 143,761 134,724 98,820 1,264,862 374,620 D iv id en d s pd.: (fiscal y e a rs since 977-- in pesos): 1978 ............ 3.60 1979 ..........4.01 FABRICA DE HILADOS Y TEJIDOS D E L HATO S.A. H istory: E s ta b lis h e d in C o lo m b ia . _ In 1979 Co. fo u n d ed a new en terp rise. D i- Interest, commissions pd. Admin, exp................ Income t a x .............. Not proflt C o n so lid ate d B a ia n c s thousands of pesos): Assets: Cash . . . . S e c u r itie s .................... D epreciation.............. P re p a y m e n ts............ Investments . . . . . . . . P ro p e rty .................... Other a s s e t s ------ Valuation of assets .. 719,939 107,S65 44,443 154,000 Sheet, a s of 1979 29,383 743,292 2,098 89,250 4,551,116 10,432 42,505 229,711 56248,1896187 56,146 125,000 Dec. 31 (in 1978 71,003 337,328 |90 69,182 4,253,161 9,443 25,788 75,540 76:782,228 p e so s in vestm ents and property, payable through 1987. C apital Sto ck ! Etem lt C o lo m b ian a S.A., co m m on; par 2.80 p a so s: _ ,, ,, Auth., 80,000.000 sh ares; o u tstg., D ec. 31, 1979. 72,833,426 sh are *; p a r 2.50 p eso s. f a b r ic a c o l o m b ia n a d e a u t o m o t o r e s s .a , In te rn a tio n a l ShN e w ^ l M t 8?ornp n im m g 1*vhdes w a s 'c o m p leted in*1979 to Increase p ro d u ctio n cap acity , f ^ 8 ec a m p B u sin e ss: Co. is a c lo th a n d clo th in g facturer. Subsidiaries P a n te x R io te x T exm eratda Board of Directors L uis E ch av arrla Villegas m anu juV n V iejra JaramiFlo Z uluaga T o t a l .................. Liabilities: Accts. pay,, etc............ Loan paym ents due . Debentures d u e ........ Long term lo a n s........ Term d e p o s its .......... Acceptances, advances ............... Debentures outstg. .. Deferred .................... Provisions, a s sig n m e n ts-----Capital sto c k .............. Legal r e s e r v e ............ Other reserves . . . ... Undistributed profit Exchange ad j............ Reval, s u r p l u s ........ 5,697,787 660,081 23,837 1,470 2,368,528 374,106 994,734 207*393 88,179 64,169 240,000 218.871 62,403 154,000 10,305 229,711 4,841.635 80,494 90 2,063,351 762,266 L008.233 144,115 108,423 63,144 200,000 162,371 42,817 125,000 5,791 75,540 T o ta l 5,697,787 f np i.i s lo c k; C o rp o ra ci n Fin a n ciare d a l v a lla B u sin e ss: M a n u fa c tu re r of m o to r vehicles. 7 5 % Of w h ic h a r e f o r c o m m e rc ia l u se . C o . p r o - d u c e d 20,221 u n its in 1979. , Su b sid ia rie s D X u 1 S o r e S S A '0 " " ' * R ePU eSt 8 ^ Sociedad p a ra el D esarrollo Ind u strial Co.no- to re s S.A. B o a rd o f D ire c to rs G erm an M o n to y a V., P re sid e n t Fernando Londono H- ' E d u ard o A rias R . John F. Beck B arton Brow n -George V alehar V ictor H ugo Coello Z. M a n agin g B o a rd s G erm an M a n to y a V., P res. & G en. M gr. VJ uilcitoo rMHoulgi no oC'Soe;llDo,ir. o fS Pla n. . & P u rc h . M a n agin g B o a rd , Posada G reyfenstein. P resident . C arlos E d u ard o Gallon G om ez, V ice-Presi dent . ,, ... _ .. . ^ SLaunistiaGg ou iTlleorrmo oTM f o ^ 5 ^ W p r- - C esaT zuluaga D ias, G eneral S ecretary A u d ito r G u illerm o S a rm ie n to G . No. o f Em ployee*: D ec. 31, 1979, 8,473. A nnual M eeting: I n M a rc h . H ead O ffice: C a lle 51 N o -4 9 -1 1 ; M e d e llin . C o lom bia. In com e A ccount, y e a rs ended thousands of pesos): Sales ............................ Interest income . . . , . Other in c o m e ............ 1979 5.886,936 107.366 18,829 D ec. 31 (in 1978 4.828,862 61,659 62,151 A u th ., 3o!(K)0,000 s h a re s ; o u ts tg ., D ec, 31, R o b e rto B a zzell. D ir, of E n g tn . 1979, 24,000,000 sh a re s ! p a r 10 p e so s. E du ardo B ayon M ,, M fg. D ir. T otal ........ Cost of goods sold . . . 6,013,131 4,230,597 4,952,672 3,498,688 D ividends p a id (fiscal y e a rs sm ee 1977). 1978 .......... P3.60 1979 . . . . . . P3.78 Julio E stevez-B reton, Adm in. D ir. D av id L . M CClenagUn, C ontr. Admin, s a le s e x p ... Interest exp., etc. . . . . 478,890 380.359 410,123 339,536 e t e r n i t c o l o m b i a n a s .a . Secretary: Jo se F ra n cisco C h alela M . Exchange operauons Pension h in d .............. 20,946 429,036 22.375 231,835 H istory: E s ta b lis h e d in C o lo m b ia . A uditor: E f r a in D e lg a d o C h. No. o f E m p lo y# **: D ec. 3 1 ,1 9 7 9 ,2, 121. Incom e tax ................ 20,870 . 452,433 95,816 354,299 B u sin e ss: B u ild e r of c e m e n t a n d m e ta l tu b Annuat M eeting: I n M a rc h . Net profit ............. E arn, p e rsh ........ - 7.29 pesos 6.85 pesos ing fo r u se in p ip elines a n d aq u ed u cts. Also m anufactures cem ent sheets, rubber n n S**TM i H ead O ffice: B o g o ta C o lo m b ia , Vr.-end s h a r e s .......... 62,086,272 51,738,560 1D SP. 31 (in th o u s a n d s o f o th e r c o n s tru c tio n m a te ria ls . E x p o rts o m e r U co n so lid a te d incom e A ccount, ye a rs ended Its p r o d u c ts to E c u a d o r, S u rin a m a n d N ic a r a Dec, 31 (In th o u s a n d s o f P e so s): gua. 1979 Pesos): 1978 Assets: 1979 75.965 1978 74,635 President: L uis A lberto S erna C. S a le s........ ................... 11,076,858 60,153 8,674,176 Cash t. ................ 160,914 Securities.......... 18.835 5.620 1,506,486 A uditor: I s m a e l S ilv a M o la n o . NO. o t Employees: D ec. 31. 1979, 925 (a v e r.). O ther In c o m e ............ M onetary indexing .. 1,016,444 664,471 Receivables . . . . Inventories ... 2,119,561 2.250,319 1,509,223 93,594 A n n u a l M eeting: I n M a r c h . T o t a l ................ ....... 12,153,455 9,499,561 Prepaym ents ., 51,846 H e ad O ffice: C a lle 18, N o 9-79, B o g o ta , C o Cost of goods sold . . . Admin, exp.................. 10,614,215 225,743 8,160,850 138,885 Total curr. Investments .. 4.516.526 652,569 3,189,558 486,906 lom bia. . C o n so lid a te d Incom e A ccount, y e a r* ended Sales exp...................... 79,279 48,951 L o a n s . . . . ---- 64,552 1.646,473 46,220 1,263,595 Dec. 31 ( in th o u s a n d s o f P e so s ): In te re s t 1978 com m ission------- 702,633 Fixed assets .. 341,064 Other assets .. 408,723 130,248 Net sales . .................. 1,170,151 168,219 894,637 Currency exchanges . 77,778 Pension f u n d ............... 81,740 67,325 43,402 li Total ....... 7,268,843 5,116,527 Interest ................... Other receip ts............ 26,984 1,365,354 16,819 Incom e t a x ........ 989,234 112,900 269.620 310,800 Liabilities: 455,609 C urrent liab. . . . 2.312,086 1,810,434 Total Cost ol goods sold ,.. 669,226 499,289 N et profit ............. C onsolidated Batanc:e Sheet, a s o f D ec. 31 (in Long term debt 2,190,850 2,765,907 1.309.344 1,996,749 Admin, ex p ................. 110,867 88,203 89,171 69,249 th o u s a n d s o f P e so s ): Sale* exp..................... 1979 N et worth . . . . . 1978 5,116.527 D epreciation.............. 10,891 74,802 26,788 Assets: 60,667 C a s h ............................ 69,815 . 64,064 T otal ................ N et c u r r a s s e t s ........ 130,102 7,268,843 2.204.440 1,379,124 Financial exp.............. Provision to protect D eposits...................... 8,300 R eceivables................. 405,236 3,621,591 2.260,438 H aCtaopSi.tAa.l,Sctoomckm: oFnA;bprlacra1d.2a5 Hpielasodso:s y T e jid o s dal a s s e ts .................. Income t a x ................ 40,500 145.000 85,000 D ue from subsids. . . . 434.818 3,015,183 92.842 2,074,034 A u th ., 80,000,000- sh a re s ; o u ts tg ., D e c . 31, Extraordinary losses. Net p r o f it ............. 225.865 16,046 In v e n to rie s................ 134,724 P re p a y m e n ts ............ 318,684 297,037 19D79i,v6id2,e0n8d6s,2P72a isdh e(s.;inpcaer I1'.27,54--p e'`s"oEs. 908* .3.88 Consolidated B ala n ce Sheet, aa o f Dec. 3t (In Total curr,. . . . . . 7,865,327 ,075 ........ 3.35 1976 ............. 3.63 1977 .......... 4,918,517 1978 ........... 4.39 1979 ...........4.92 thousands of Pesos): Assets: 1979 1978 N on-curr. recelv......... 2,102,555 374,100 1,014,010 148,022 O RA N C A D E N A D E A L M A C E N E S C a s h .......................... 4,941 450,93 9,266 Investm ents . . . . . . . . 326,032 Fixed assets .............. 740,723 515,606 C O L O M B IA N O S S.A. S e c u r i t ie s .................. R eceivables.............. 221,688 346,172 146,200 287,824 T o t a l ............ 11,082,705 6,596,155 History: E s ta b lis h e d in C o lo m b ia . in v e n to rie s.......... . P re p a y m e n ts------ 4,647 9,460 Liabilities: 3,032.941 B u sin e ss: C o m p a n y O perates a c h a in of la m e 2,142,040 g r o c e r y S tores th r o u g h o u t C o lo m b ia , u n d e r T o tal curr.......... 1.028,386 Accts. pay., eta. .. ' 778,782 Short term debt ., 3,300,977 11,810,059 Ole n a m e of A lm acn L ey . 236,177 Subsidiaries ' In v e stm e n ts............ 276,183 18,020 284,412 Deferred Interest 37,661 406,347 I ntern acione^I da, ^ Loans <....................... Fixed assets . . . ----- 82,430 63.344 1.843 T otal curr........ 6.740,265 3,122.983 4.188,276 1,375,498 vJi s 'a Deferred .................. Valuation ad).. . . . . . 82,305 96,820 Long term debt ... Pension f u n d .......... 52,445 34,804 lL td a . T o ta l............ 1,487,.124 1,264,862 Capital sto c k .......... Retained earnings . 799,477 367,533 124,91 872,659 Liabilities: Aeet*. payable, ete. .. 101,54 106,598 Total . . . . . 5.A. 11,082,705 6,596,1 I n m u e b le s y A rre n d a m ie n to s S.A Current debt, . . . . . . . 198,612 35,990 163,758 29,061 N et curr. assets 1,125,062 730,241 Officers Dividends p ay ab le... Income tax payable.. 98,384 55,816 Long term Debt: O u ts tg ., D ec. 31, 1979, T o m a s C . S a n ta M a r ia A ., P re s . 48929 3 122,983,415 p e s o s , in clu d in g 2,473,137,641 p e - M eji T V ice-P res. P rov isio n s.................. 67,253 s o s i`n 15.7%. .. lo an * f r o m fo re ig n b a n k s , d u e j j o rc u | es ianei S .,,S ec. G e n e ra l Total curr.. 5L785 76,782 404.162 1982. DyiSegg o M ill n A., D i r .o f S a h 123,955 rtanllal B lo ck : P Sb rie s co lo m b lo n a de Autom a Cdaarrlloo ss AA.. G a m e * O .. D ir. o f P la n n in g Long term debt V ernando T elle * V ,. D ir Of F in a n c e Consolidated assignments P rov isio n s........ 22,831 164,089 182,084 14,270 ofesP9.A , com m on: p a f3 2 p e c o *: A u th ., '36,000.000 s h a re s ; outstg.. D ec. , 31, R la f d i^ S le r 'r a 'C ib t! O fO p e r. bta. of Im LRelatins 100,651 162,547 1979, 24 983,668 sh*.: p a r 32 peso s. J alm e en ao ^ Capital sto ck .. .