MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIEDAD COMERCIAL GAMA LTDA. |
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Registered Office : |
Santo Domingo 1066,
Piso 3, Santiago, CP 8320287 |
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Country : |
Chile |
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Date of Incorporation : |
1999 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Manufacture of items of
clothing, textiles and similar ones. Wholesale of textile products, items of clothing,
footwear and retail of apparels in general, including accessories. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Not Operational |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
IDENTIFICATION
CORRECT COMPANY NAME : SOCIEDAD COMERCIAL GAMA
LTDA.
TAXPAYER REGISTRATION : RUT 77.365.880-3
OPERATING STATUS :
Inactive
MAIN ADDRESS :
Santo Domingo 1066, Piso 3
CITY/PROVINCE :
Santiago, CP 8320287
COUNTRY : CHILE
TELEPHONE :
(562)699.7166
COMMENTS -
Notice the correct name
of the Company is the one above indicated.
On September 12, 2007, we
visited the address above and found out Subject STOPPED OPERATING.
MERCORED CAPACITACION E
INTERNET LTDA. is currently operating at such facilities. This company rents
inside an office for Ricardo Elias Zaror Gadallah (Tax ID RUT 6.612.412-6), who
told us Subject Company stopped operating about four months ago. Mr. Zaror was
the General Manager of Subject Company.
SUMMARY
Incorporation
: 1999
Operating Status :
Inactive
Finantial Situation
: HEAVY
Employees
: No aplica
QUALIFICATION
RATING : Liquidation / Not Operating
PAYMENTS : Severely late, default
LEGAL BACKGROUNDS
LEGAL STATUS :
Limited Liability Company
DATE OF INCORPORATION : 1999
COMMENTS -
According to the Chilean
Internal Revenue Service, Subject started operating on December 28, 1999.
BUSINESS
MAIN ACTIVITY -
Registered Business
Purpose:
Manufacture of items of
clothing, textiles and similar ones. Wholesale of textile products, items of
clothing, footwear and retail of apparels in general, including accessories.
EMPLOYEES : N/A
COMMENTS -
Latest import
transactions as of year 2006 amounted to
US$60,092.17 Dollars.
FINANCIAL INFORMATION
We got to the premises
located in the address appearing in your order and found out the firm MERCORED
CAPACITACION E INTERNET LTDA. is currently operating there, and rents inside an
office for Ricardo Elias Zaror Gadallah (Tax ID RUT 6.612.412-6), who acted as
General Manager of Subject Company.
Mr. Zaror mentioned
Subject Company stopped operating about four months ago but he refused to give
any information in this regard.
Thus, the information
contained in this report was obtained from different outside sources and
official.
FINANCIAL SITUATION
: HEAVY
According to the last
Financial Statement, Subject's Financial Position is considered Heavy due to
deficit in its Liquidity ratio. Working Capital is negative. Indebtedness
exceeds by far shareholder's equity. Losses are shown at the end of the period
and there are scant cash resources and sources of financing for the company.
Most references are negative. Future performance is uncertain.
PAYMENTS RECORD
CREDIT RISK CENTRAL -
Subject was reported a
protested promissory note for the sum of Ps$143,573 Pesos;
Drawer: Ilustre
Municipalidad de Santiago.
Apart from the delinquent
debts listed below:
Date :
24.05.2005
Document :
Delinquent account
Value :
Ps$1,953,391 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
31.07.2005
Document :
Taxes
Value :
Ps$179,254 Pesos
Drawer :
Tesoreria General de la República
(National Treasury Bureau)
Locality :
Santiago
Date :
25.04.2005
Document :
Delinquent account
Value :
Ps$1,953,391 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
24.03.2005
Document :
Delinquent account
Value :
Ps$1,953,391 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
24.02.2005
Document :
Delinquent account
Value :
Ps$1,953,391 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
22.12.2005
Document :
Receipt
Value : Ps$84,723 Pesos
Drawer :
Entel S.A.
Locality :
Las Condes Santiago
Date :
31.01.2005
Document :
Delinquent account
Value :
Ps$4,000,000 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
24.01.2005
Document :
Delinquent account
Value :
Ps$1,953,391 Pesos
Drawer :
Banco de Chile
Locality :
Santiago
Date :
05.06.2007
Document :
Delinquent account
Value :
UF10.45
Drawer :
Banco BBVA
Locality :
Santiago
Date :
05.05.2007
Document :
Delinquent account
Value :
UF10.45
Drawer :
Banco BBVA
Locality :
Santiago
Date :
05.04.2007
Document :
Delinquent account
Value :
UF10.45
Drawer :
Banco BBVA
Locality :
Santiago
Date :
05.03.2007
Document :
Delinquent account
Value :
UF10.45
Drawer :
Banco BBVA
Locality :
Santiago
Date :
05.07.2007
Document :
Delinquent account
Value :
UF10.45
Drawer :
Banco BBVA
Locality :
Santiago
In short, Subject was
registered a total of 27 delinquent accounts for a sum amounting to Ps$
22,983,638 Pesos.
CREDIT HISTORY -
LAWSUITS ? -
Subject was fined by
Dirección del Trabajo (Labot Bureau)
- 22.05.2006 Fine concerning Labor Law for Ps$ 60,554
Pesos
- 21.11.2005 Fine concerning Labor Law for Ps$ 78,050
Pesos
- 24.05.2005 Fine concerning Labor Law for Ps$178,440
Pesos
BANKING INFORMATION
BANKERS
Bank
SCOTIABANK
BANCO DE CHILE
BANCO BBVA
Subject dealt with the
above banks. Subject has some outstanding debts in some of them.
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%)