MIRA INFORM REPORT

 

 

Report Date :

27.04.2011

 

IDENTIFICATION DETAILS

 

Name :

COMERCIAL E INDUSTRIAL DI TREVI LTDA.

 

 

Registered Office :

Cuevas 1366 Santiago XIII Region Metropolitana

 

 

Country :

Chile

 

 

Date of Incorporation :

27.07.1981

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Factory of bed clothing (bed covers, blankets, quilted articles, etc.).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory 

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

identification

COMERCIAL E INDUSTRIAL DI TREVI LTDA.

Cuevas 1366
Santiago
XIII Region Metropolitana
CHILE

Telephone    : 56-2-5552878

E_Mail         : cohn@ctcinternet.cl
Web Site     : www.ditrevi.net


SUMMARY

Started                             : 1981
Total Employees              : 15
Payments                         : Prompt
Capital                              : 000's$            500.-
 
Sic(s) : 2399 - 5131 - 5719

Line of Business: Factory of bed clothing.


Credit Recommendation

                                                000's Pesos   000's US$ dollars         000's Euros
Conservative value :                    13.650                  29                                         20
Liberal value      :                       15.015                  32                                         22

If additional information is received or present information is rectified, this
recommendation may be modified.

Payment Scoring = [ 65 ]

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

No credit experiences to date were obtained

Subject does not register protested bills, delinquent debts, nor labor
infringements or delayed payments to pension funds up to date.

According to the taxpayer ID indicator, it has registered only two inquiries
over the last six months - requested by different institutions.


AVERAGE PAYMENTS IN CHILE

International Risk and Payment Review reported in November 2010

The local delays in payment average 0-1 month.


BANKS

Subject operates with the following bank:

-  Banco de Chile, branch Porvenir



OPERATIONS 

Line of Business : Factory of bed clothing (bed covers, blankets, quilted articles, etc.).

Classification according to commercial activity:

Sic: 2399-0000 Fabricated textiles products, not elsewhere classified
Sic: 5131-0000 Piece goods and notions
Sic: 5719-0000 Miscellaneous homefurnishings stores
         -0500 Beddings and linens

Subject is considered as a small company in this line of business, normal
competition

Sales

Sales are steady throughout the year

50% wholesalers
50% retailers

National sales territory

Products are sold

National: 100%.

Sales conditions: Cash, term payments to 30 & 60 days

Customers

Main customers are: Companies and  public in general.

Purchases

Places orders with multiple suppliers

National: 10%

International: 90%

Imports from China and Pakistan.

of Imports obtained from Customs'National Service

Country                            %last year   %Accum.
-------------------------------------------------------
Pakistan                                96,01    100,00
China                                    3,99      0,00

Historical registries

Total       2010 = 000's$ 428.082             Accumulated 2011 = 000's$ 52.751


Main suppliers

- Julio Zumaeta y Cia Ltda.

Employees: 15 employees

Location

-  Management offices at Cuevas 1366 Santiago, Chile, commercial area, secondary
   street of normal traffic, construction in good conditions

Branches 

Subject does not have any branch

RELATED COMPANIES 

Subject is related to the following companies:

-  Comercial Genesis Ltda. T A X 79911950-1 Santiago
-  Cohn Hijos y Cia. Ltda., Wolfgang T A X 84137900-4 Santiago


FIXED ASSETS

Real estates 

Subject does not register real estates

Vehicles 

Owns vehicles for the company's use

2 delivery vans .

Machinery & Instalations 

Subject owns the following

-  Clothing workshop , cutting machines , minor equipment .



INSURANCES

Insurance Company:

-Liberty Compaņia de Seguros Generales S.A.


-Renta Nacional Cia. de Seguros Generales S.A.


ADMINISTRATION

General Mgr. & Partner   : Marcel Ren Cohn Karger
Commercial Mgr. &        : Eduardo Cohn Karger
Partner


LEGAL INFORMATION 

Legal Structure      : Limited Liability Partnership
Constitution date    : 27/07/1981. Registered on leaf 17.578 N° 9.696 of the
                                 Santiago Trade Register, year 1981.-
Notary                   : Gustavo Bopp Blu, Santiago
Term of duration     : 5 Year automatically renewable for equal and successive
                       periods
Legal Address        : Santiago
Published in            : Official Gazette dated 23/09/1981 page Nš 12

Current Social Capital: 000's$ 500.-
Social Initial Capital: 000's$ 500.-

Partner : 5

-  58,00% Wolfgang Cohn Hirschel
-  18,00% Eleana Karger Zausmer
-   8,00% Marcel Ren Cohn Karger
-   8,00% Ronald Cohn Karger
-   8,00% Eduardo Cohn Karger

Power of attorney held by General Mgr. & Partner.

Legal changes

Public Deed dated 30/12/1983, notary Samuel Fuchs Brotfeld, Santiago, published
in the Official Gazette dated 09/02/1984 page N° 16, partners were modified:
Evelyn Aviva Cohn Karger retired from the partnership, sold, ceded and
transferred all her rights to Wolfgang Cohn Hirschel. Consequently, only
partners are Wolfgang Cohn Hirschel with  58%, Eleana Karger Zausmer with 18%,
Marcel Ren Cohn Karger with 8%, Ronald Cohn Karger with 8% and Eduardo Cohn
Karger with 8% of participation.-


INFORMATION SOURCES

On 21/04/2011 Miss. Rosa Aguirre Carbollanca, Secretary,  declined financial
figures,  however, submitted the data shown in this report.

-Other outside information sources.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.44

Euro

1

Rs.64.81

 

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.