MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
IMPORTADORA Y EXPORTADORA LOS LIDERES LTDA. |
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Registered Office : |
Manzana 11 Galpón
4 - Zofri , Iquique, I Region De Tarapacá |
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Country : |
Chile |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
02.12.2002 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Sale of fabrics
and towels |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
9000 US$ dollars |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Chile |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION
IMPORTADORA Y EXPORTADORA LOS LIDERES LTDA.
( IMPORT EXPORT LOS LIDERES LTDA. )
Manzana 11 Galpón 4 - Zofri
Iquique
I Region De Tarapacá
CHILE
Telephone :
56-57-390931
Fax : 56-57-417855
E_Mail :
loslideres@tie.cl
SUMMARY
Started
: 2002
Total Employees : 6
Payments :
Prompt
Financial
Sit. :
Prompt
Economic
Sit. :
Prompt
Net
worth :
000's$ 39.458.-
Capital :
000's$ 16.000.-
Sic(s) : 2211 - 2258
Line of Business: Sale of fabrics and towels.
Credit Recommendation
000's Pesos 000's US$
dollars 000's Euros
Conservative value
:
5.850
9
7
Liberal value
:
6.435
10
7
If additional information is
received or present information is rectified, this
recommendation may be modified.
Payment Scoring = [ 100 ]
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
COMMERCIAL INFORMATION
Commercial Bulletin : As at 21/04/2011 subject
does not register protested checks, bank drafts nor promissory notes in the
commercial information bulletin
Labor Bulletin : As
at 21/04/2011 does not register labor infringements
Previsional Bulletin : As at 21/04/2011 does not
register pension fund's infringements
Consolidated delinquency : As at 21/04/2011, subject does not register any delinquent
bill
TRADE REFERENCES
Do not trade with domestic suppliers
According to taxpayer Id indicator, subject registers 1 search entry over the
last 6 months.
Request made by a bank.
Does not register protests of bills, delinquent debts neither labor nor
pension fund's infringements.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in November 2010
The local delays in payment average 0-1 month.
FINANCIAL
INFORMATION
SUMMARY
( Figures in Thousand Pesos, local currency )
31/12/2008
CURRENT
ASSETS
161.381
CURRENT LIABILITIES
302.227
WORKING
CAPITAL
-140.846
FIXED
ASSETS
156.854
OTHER
ASSETS
23.450
NET
WORTH
39.458
BALANCE SHEET
INDIVIDUAL FISCAL YEAR COMPLETE
ASSETS
31/12/2008
Cash
4.171
Notes
Receivable
100.894
Sundry
Debtors
40.274
Other Current
Assets
16.042
CURRENT
ASSETS
161.381
Contructions & Infrastructure
Works
156.854
FIXED
ASSETS
156.854
Other
23.450
OTHER
ASSETS
23.450
TOTAL
ASSETS
341.685
LIABILITIES
31/12/2008
Oblig.With Banks & Financ.Inst.Short
Term
62.911
Sundry
Creditors
239.126
Withholdings
20
Other Current
Liabilities
170
CURRENT
LIABILITIES
302.227
Paid
Capital
16.000
Reserve Capital
Revaluaton
1.872
Accumulated
Profits
21.586
NET
WORTH
39.458
TOTAL
LIABILITIES
341.685
ECONOMIC - FINANCIAL RATIOS
31/12/2008
Working
Capital
(000's$)
-140.846
Current Liquidity
(Times)
0,53
Acid
Test
(Times)
0,53
Collection Period Days (
Days)
Accounts Receivable
Turnover(Times)
Inventory Turnover
(Times)
Current Indebtedness
(Times)
7,66
Total Indebtedness
(Times)
7,66
Solvency
(Times)
1,13
Assets Tying
Up
( %
)
45,91
Profitability Over Sales ( %
)
Profitability Over Assets ( %
)
Profitability Over Net Worth( %
)
BANKS
Subject operates with the following banks:
- Banco de Chile, branch Iquique
- Banco de Credito e Inversiones, branch Iquique
- Banco Santander Chile, branch Iquique.
OPERATIONS
Line of Business : Sale of fabrics and towels.
Classification according to commercial activity:
Sic: 2211-0000 Broadwoven fabric mills, cotton
-0305 Towels and toweling,
cotton
Sic: 2258-0000 Lace and warp knit fabric mills
Subject is considered as a small company in this line of business, strong
competition
Sales
Sales are steady throughout the year
90% wholesalers
10% retailers
National and international sales territory
Products are sold
National: 2%.
Sales conditions: 70% cash, 30% credit.
International: 98%.
Sales conditions: 70% cash, 30% with collection to 120 days.
Exports to Peru, Bolivia, Paraguay.
Customers
Main customers are: Wholesale.
Purchases
Places orders with multiple suppliers
International: 100%
Purchase conditions: 100% letter of credit.
Employees: 6 employees
Location
- Headquarters located at Manzana 11 Galpón 4 - Zofri Iquique, Chile,
commercial area, street of busy traffic, construction in good
conditions
Branches
Subject does not have any branch
RELATED COMPANIES
Subject does not have any related company.
FIXED ASSETS
Real estates (18/04/2011)
Subject does not register real estates
Vehicles (23/12/2010)
Owns vehicle for the company's use
1 car .
Machinery & Instalations (23/12/2010)
Own equipment
- Sales room and warehouses .
INSURANCES
Insurance Company:
-Penta Security S.A.
ADMINISTRATION
General Mgr. & Partner : Anil Mahadev Sewani
Accountant
: Hugo Godoy
LEGAL INFORMATION
Legal Structure : Limited Liability Partnership
Constitution date : 02/12/2002
Notary
: Néstor Araya Blazina, Iquique
Term of duration : 5 Year automatically renewable for
equal and successive
periods
Legal Address : Iquique.-
Published in : Official Gazette
dated 17/12/2002 page Nº 32
Current Social Capital: 000's$ 16.000.-
Social Initial Capital: 000's$ 16.000.-
Partner : 2
- 98,00% Mahek Anil Sewani
- 2,00% Anil Mahadev Sewani
Administration is held by General Mgr. & Partner.
Legal changes
Public Deed dated 21/07/2003, notary Néstor Araya Blazina, Iquique, published
in
the Official Gazette dated 18/08/2003 page N° 61, statutes were modified:
corrected constitution deed. Inscription at Trade Register within legal terms
has not been carried out. According to law 19.499, corrected flaw that
required
corresponding inscription and publication.
INFORMATION SOURCES
On 18/04/2011 Mr. Anil Mahadev Sewani, General Mgr. & Partner,
declined
financial figures, however, submitted the data shown in this report.
-Other outside information sources.
Exchange rate
-As at 18/04/2011 $472,46 Per US$
-As at 31/12/2008 $636,45 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.