MIRA INFORM REPORT
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Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
OSSES MALLO, COMERCIALIZADORA, DISTRIBUIDORA
Y ELABORADORA DE EQUIPOS E INSUMOS |
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Registered Office : |
Camino
del Hábito 6817, Alto Macul - La Florida, Santiago, XIII Region Metropolitana
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Country : |
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Date of Incorporation : |
10.01.2006 |
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Legal Form : |
Limited
Liability Individual Company |
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Line of Business : |
Sale
of mining equipments and supplies. Installation and maintenance |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Pesos 23.400 000's |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
company
name & address
OSSES MALLO, COMERCIALIZADORA, DISTRIBUIDORA Y
ELABORADORA DE EQUIPOS E INSUMOS
PARA LA INDUSTRIA Y LA MINERIA E.I.R.L., HERNANDO ( TEC-RAPOL E.I.R.L. )
Camino del Hábito 6817, Alto Macul - La Florida
Santiago
XIII Region Metropolitana
CHILE
Telephone :
56-2-7582116
Fax : 56-2-7582130
E_Mail :
mjrodriguez@tecrapol.cl
Web Site : www.tecrapol.cl
SUMMARY
Started
: 2006
Total Employees : 25
Payments :
Prompt
Capital
: 000's$ 7.000.-
Sic(s) : 5082 - 8999
Line of Business:
EVALUATION
Interpretation at the end of the report.
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value : 23.400
46
32
Liberal value :
25.740 51
35
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
COMMERCIAL
INFORMATION
Commercial Bulletin : As at 23/03/2011 subject
does not register protested
checks, bank drafts nor
promissory notes in the
commercial information bulletin
Labor Bulletin : As at 23/03/2011 does not register labor
infringements
Previsional Bulletin :
As at 23/03/2011 does not register pension fund's
infringements
Consolidated delinquency : As at 23/03/2011, subject does not register any
delinquent bill
TRADE REFERENCES
(04/03/2011)
Do not trade with domestic suppliers
No defining opinion on subject's payment performance can be herein stated
since
all purchases are made abroad.
No unpaid or protested bills recorded, neither labor infringements nor delayed
payments to pension funds up to date.
According to the taxpayer ID indicator, it has registered 29 inquiries
over
the last six months - requestes by telecommunication, health insurance
companies, consultants, banks and other businesses in general.
AVERAGE PAYMENTS IN
International Risk and Payment Review reported in November 2010
The local delays in payment average 0-1 month.
BANKS
(04/03/2011)
Subject operates with the following bank:
- Banco Santander Chile
OPERATIONS
(04/03/2011)
Line of Business : Sale of mining equipments and supplies. Installation and
maintenance.
Classification according to commercial activity:
Sic: 5082-0000 Construction and mining machinery
Sic: 8999-0000 Services, not elsewhere classified
Subject is considered as a medium company in this line of business, normal
competition
Sales
Sales are steady throughout the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Sales conditions: Credit with invoices.
Customers
The 4 most important customers are:
Compañia Minera Teck Carmen de Andacollo, Compañia Minera Maricunga
Codelco
Division El Teniente, Minera Los Pelambres,
Representations
Represents:
ASGCO trade mark , United States, LUFF trade mark , Canada,
ORIENTAL trade
mark , India, KAUMAN trade mark , Uruguay
Purchases
Places orders with multiple suppliers
International: 100%
Purchase conditions: Letter of credit and collection.
Employees: 25 employees
Location
- Management offices at Camino del Hábito 6817, Alto Macul La Florida
Santiago,
Chile, residential area, secondary street of slow traffic,
construction in
good conditions
Branches (07/03/2011)
Subject does not have any branch
RELATED COMPANIES (04/03/2011)
Subject does not have any related company.
FIXED ASSETS
Real estates (04/03/2011)
Subject does not register real estates
However, it was informed that subject's own offices are soon to be finished at
Av. Chena Poniente 12683, San Bernardo. Subject will be moving by April or May
of this year.
Vehicles (04/03/2011)
Owns vehicles for the company's use
11 service station wagons
Machinery & Instalations (04/03/2011)
Equipments and machinery, not specified
INSURANCES (04/03/2011)
Insurance Company:
-Liberty Compañia de Seguros Generales S.A.
Risks : Total
cover.
Objetive : Assets in general.
ADMINISTRATION
General
Manager : Hernando Osses
Mallo
Assistant Commercial : Angélica González Osorio
Manager
Adm. & Finances Manager : Clara Cruz Safatle
CURRICULUM
Hernando Osses Mallo
Civil status : Married
Birth place : Chile
Position :
General Manager
LEGAL INFORMATION (04/03/2011)
Legal Structure : Limited Liability
Individual Company
Constitution date : 10/01/2006
Notary : Juan Ricardo San Martín Urrejola,
Santiago
Term of duration : Indefinite
Legal Address : Santiago - Chile
Published in : Official Gazette dated 19/01/2006 page Nº
30
Current Social Capital: 000's$ 7.000.-
Social Initial Capital: 000's$ 7.000.-
Owner : 1
- 100,00% Hernando Osses Mallo
Administration is held by General Manager.
INFORMATION SOURCES
Mr. María José Rodríguez, General Assistant, submitted the data
shown in this report.
-Other outside information sources.
Exchange rate
-As at 07/03/2011 $472,74 Per US$
INTERPRETATION OF RISK LEVEL AND CREDIT RECOMMENDATION
CREDIT
RECOMMENDATION
Credit recommendation amounts are assigned according to criteria usually used
in
the commercial credit evaluation.
The amounts are based on the risk percentages'assignment to the following
indicators: Trade references, number of employees, legal structure,
protested
bills, labor & welfare infringements, unpaid bills, operations, insurances,
net
profit, net worth, working capital and liquidity variations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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|
1 |
Rs.73.57 |
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Euro |
1 |
Rs.63.68 |
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 |
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 |
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.