MIRA
INFORM REPORT
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Report Date : |
25.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SORIMEX LTDA. |
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Registered Office : |
Calle Callao 2970, of. 1202 Las Condes Santiago de |
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Country : |
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Date of Incorporation : |
1984 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Business Agent as for the Trading of Raw
Material for the Pharmaceutical Industry. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY
NAME :
SORIMEX LTDA.
TAXPAYER
REGISTRATION : RUT 79.541.790-7
OPERATING STATUS : Active
MAIN ADDRESS :
Calle
Callao 2970, of. 1202 Las Condes
CITY/PROVINCE/STATE :
Santiago
de Chile
COUNTRY : CHILE
TELEPHONE :
(562)232.5010
E - MAIL : mgaitan@sorimex.cl
SUMMARY
Incorporation :
1984 Operating Status : Active
Finantial Situation
: UNDETERMINED
Employees : 7
Rating : Poor
Payments : No payment experience traced
Business Trend : Undetermined
QUALIFICATION
RATING : Poor
PAYMENTS : No payment
experience traced
LEGAL BACKGROUNDS
LEGAL STATUS :
Limited
Liability Partnership
DATE OF
INCORPORATION : Nov.1984
REGISTERED IN :
Santiago
de Chile
DURATION : Perpetual
INITIAL
CAPITAL : Ps$.4,000,000.= Pesos
LISTED AT STOCK
EXCHANGE : No
CURRENT EXCHANGE
RATE : Ps$.631.50 per USA Dollar
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME
TITLE OWNERSHIP %
GAITAN DIAZ, MAURICIO General Manager 60%
IZURIETA, VERONICA Sales Manager
TAMARA, LILIAN Partner 40%
WHO IS WHO ?
GAITAN DIAZ, MAURICIO
NATIONALITY : Chilean
IZURIETA, VERONICA
NATIONALITY : Chilean
TAMARA, LILIAN
NATIONALITY : Chilean
RELATED COMPANY(IES)
COMPANY NAME COUNTRY RELATION
IMPORTADORA PAINTPLAST LTDA. CHILE Related
INVERSIONES MAICAO S.A. CHILE Related
BUSINESS
MAIN ACTIVITY .-
Business agent as for the trading of raw
material for the pharmaceutical industry.
Subject is a representative agent of several
pharmaceutical companies, laboratories,
brokers.
SELLING TERRITORY : 100% (Domestic
market)
EMPLOYEES : 7
FACILITIES .-
Premises : Rented
Area : 120 M2
Use : Headquarters, administrative offices.
Remarks and other Premises .-
Subject has 2 business offices (No. 1203 and
1204), located at the same address placed
in the headline, adjacent to main office.
COMMENTS .-
Subject has the representation of companies
headquartered in Switzerland, Colombia and
Italy mainly, among others.
Subject collects according to sales
commissions.
FINANCIAL INFORMATION
We interviewed Mr. Mauricio Gaitan Diaz (General Manager), who provided
Subject's general and operative data.
Likewise, he offered to evaluate disclosure of
further information, mainly accounting/financial, as it is regarded
confidential. If we receive a positive
answer, we will send you said data in a, immediately; if not, the information
included herein should be considered as definitive.
Under such circumstances, we applied to
third-party sources, such as databases and official registries, where no
financial statements that could allow us to assess Subject's current economic
and financial situation were available.
FINANCIAL SITUATION : UNDETERMINED
Financial situation is considered to be undetermined, as no accounting
elements were available to assess Subject results.
INSURANCE .-
Company
Against Validity _
ASEGURADORA MAGALLANES
Fires Oct.2009
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
Subject doesn't deal with any suppliers, as it acts as representative
agent (comisión agent) of several pharmaceutical companies and transnational
laboratories, as well.
BANKING INFORMATION
BANKERS
Bank
BANCO ITAU
BANCO SECURITY
Subject carries out its financial transactions through the aforesaid
banks, which don't provide further information under the bank secrecy act.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)