MIRA
INFORM REPORT
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Report Date : |
18.09.2007 |
IDENTIFICATION DETAILS
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Name : |
IMPORTADORA NOBEL'S LTDA. |
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Registered Office : |
Mz. 7, Galpon 16, Zona
Franca de Iquique., Iquique |
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Country : |
Chile |
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Date of Incorporation : |
1984 |
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Legal Form : |
Limited Liability
Partnership |
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Line of Business : |
Engaged in import and
trade of various goods, including electrical appliances, dinnerware, decoration
products, clocks, electronics line, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : IMPORTADORA NOBEL'S LTDA.
TAXPAYER REGISTRATION : RUT 79519410-K
OPERATING STATUS :
Active
MAIN ADDRESS :
Mz. 7, Galpon 16, Zona Franca de Iquique.
CITY/PROVINCE :
Iquique
COUNTRY : CHILE
TELEPHONE
: (5657)42.7434
FAX : (5657)41.2708
E - MAIL : chahhat@adsl.tie.cl
WEB SITE : www.nobelschile.co.nr
(under construction)
COMMENTS -
The correct address of the
investigated company is as appears in caption of report.
SUMMARY
Incorporation
: 1984
Operating Status :
Active
Finantial Situation
: UNDETERMINED
Employees
: 20
QUALIFICATION
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Limited Liability Partnership
DATE OF INCORPORATION : 1984
REGISTERED IN :
Iquique
INITIAL CAPITAL :
Ps$ 200,000,000.= Pesos
CURRENT EXCHANGE RATE : Ps$ 524.10 per 1.00 US Dollar.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
LAKHWAN, SURESH General Mg/Legal Rep. 100%
LIZARRO QUEVEDO, EUGENIO Finance
Manager
WHO IS WHO ?
LAKHWAN, SURESH
NATIONALITY : Indian
BORN : 1959
RELATED COMPANY(IES)
Subject is related with
the following firm:
COMPANY NAME
COUNTRY RELATION
NOBELS HONG KONG Related
BUSINESS
MAIN ACTIVITY -
Subject is engaged in
import and trade of various goods, including electrical appliances, dinnerware,
decoration products, clocks, electronics line, etc.
IMPORT : Yes India and China.
EXPORT : No
% CREDIT SALES/TERMS : 100% Terms of
30-45-60 days.
% FOREIGN PURCHASES
: 100%
SELLING TERRITORY : All sales are performed in the national market.
EMPLOYEES : 20
FACILITIES -
Premises : Rented
Use
: Legal domicile, administrative and commercial
offices also warehouse.
Remarks
and other Premises -
No branches are
registered.
COMMENTS -
Subject does not carry
out importations directly but through its related company NOBELS located in
Hong Kong.
FINANCIAL INFORMATION
We interviewed Mr.
Eugenio Pizarro, Finance Manager. He supplied us some information and declined
financial statements as this information is regarded of strictly confidential
character.
Also, although we
searched in outside sources such information was not obtained which prevents us
from examining the actual financial standing of the Company.
FINANCIAL SITUATION
: UNDETERMINED
Subject's financial
Position is considered Undetermined since there is insufficient financial
figures to allow an accurate analysis on results. Absence of figures prevents
us from evaluating the relation between debts and shareholder's equity as well
as operative results and there is insufficient credit experience to know its
creditworthiness.
Mostly such refusal to
show financial statements hides financial imbalance, this opinion is not
definitive
PROPERTIES OF THE COMPANY -
Fixed assets include a real
estate property valued in Ps$73,911,184.= Pesos.
INSURANCE -
Company Against Amount Validity
ISE CHILE All
risk No specified No specifi
PAYMENTS RECORD
TRADE REFERENCES -
COMMENTS
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Subject lacks local trade
credit expetience as it sources mainly from foreign suppliers.
Since subject is located
at a foreign trade zone it does not make use of customs agents.
CREDIT RISK CENTRAL -
No protested bills or
returned checks due to insufficient funds were found.
LAWSUITS ? -
No lawsuits against
Subject company were found.
BANKING INFORMATION
BANKERS
Bank
BANCO SANTANDER
Subject does all its financial
operations through that bank, which would not provide us a reference under
privacy laws in the country.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)