annual report grupo security - Banco Security

t r a v e l s e c u r i t y s . a . A N D S U B S I D I A R Yt y p e o f c o m p a n yClosely-held corporation.i n s c r i p t i o n i n t h e s e c u r i t i e s r e g i s t e rTravel Security Ltda. is not inscribed in the Securities Register.o b j e c t sTravel agency. The provision of tourist services of all kinds and other services related or not, including investment of the company’s funds.g e n e r a l i n f o r m a t i o nThe company was constituted as a limited partnership on July 3, 1987 by public deed signed before the notary Víctor Manuel CorreaValenzuela. In 1989, the business was broadened to include the sale of air tickets to individuals, and obtaining its accreditation as an IATAagent. The company was transformed into a corporation on September 16, 1993 and its capital was increased; in early 1995, its air freightdivision was sold. In April 1997, new shareholders joined the company and modernized its management.In September 1999, it became part of Grupo Security when Inversiones Seguros Security Limitada became a shareholder with a 75%shareholding and changing its name to Travel Security S.A. In October 2000, Inversiones Seguros Security Ltda. sold its shareholding toInversiones Invest Security Ltda.In December 2006, Travel Security was merged with Turismo Tajamar S.A., effective from January 22, 2007.The company’s capital was increased to Ch$5,262 million and the respective shareholdings were as follows:· Inversiones Invest Security Ltda.: 55%· SMyTSA, Servicios Marítimos y Transportes Ltda.: 30%· Carmen Mackenna y Cía. Ltda.: 15%p a i d c a p i t a l a n d e q u i t yThe company’s capital and reserves at December 31, 2005 were Ch$1,480 million and its equity Ch$1,994 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Travel Security S.A. and subsidiary represent 1.03% of the assets of Grupo Security.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tTravel Security provides travel services to every one of the companies in the Group and to the parent company.In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associatecompanies.b o a r d o f d i r e c t o r sCHAIRMAN · Guillermo Correa S. TAX Nº: 7.741.851-2Directors · Osvaldo Hernán Barzelatto S. TAX Nº: 2.300.044-K· Naoshi Matsumoto T. TAX Nº: 3.805.153-9· Renato Peñafiel M. TAX Nº: 6.350.390-8· Francisco Silva S. TAX Nº: 4.103.061-5· Wolf Von Appen B. TAX Nº: 2.884.455-7· Richard Von Appen L. TAX Nº: 6.998.521-1PRESIDENT · Eduardo Correa S. TAX Nº: 8.628.777-3