MIRA INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SERVICIOS REMARC LTDA. |
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Registered Office : |
Benjamín 2944 Oficina 13 - Las Condes , Santiago ,
XIII Region Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
13.12.2004 |
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Com. Reg. No.: |
40.918 N°30.391, Santiago |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import of raw materials
include additives, essences, coloring & scent products to elaborate foodstuffs |
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 : |
18.200 000's Pesos |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Chile |
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 |
IDENTIFICATION
SERVICIOS REMARC LTDA.
Benjamín 2944 Oficina 13 - Las Condes
Santiago
XIII Region Metropolitana
CHILE
Telephone : 56-2-9530105
E-Mail : cfritz@surpacific.cl
SUMMARY
Started :
2004
Total Employees : 6
Payments :
Prompt
Capital
: 000's$ 500.000.-
Sic(s) : 5169
Line of Business: Import of raw materials.
Interpretation at the end of the report.
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value
: 18.200
36
26
Liberal value
: 20.020
40
29
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
03/11/2011 subject does not register protested
checks, bank drafts nor
promissory notes in the
commercial information bulletin
Labor
Bulletin : As at 03/11/2011 does not register
labor infringements
Previsional Bulletin : As at 03/11/2011 does not register
pension fund's
infringements
Consolidated delinquency : As at 03/11/2011, subject does
not register any
delinquent bill
TRADE REFERENCES
Do not trade with domestic suppliers
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch.
Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 2007 01-10 Prompt
checks
700 None
Subject does not register unpaid notes, protests neither
labor infringements or
delayed payments to pension funds up to date.
According to the taxpayer ID indicator, it has registered 6
inquiries over the
last 6 months, requested by telecommunications,
insurance and credit assessment
companies, among others.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in May 2011
The local delays in payment average 0-1 month.
BANKS
Subject operates with the following bank:
- Banco Security, main office Av. Apoquindo 3150, Las
Condes
OPERATIONS
Line of Business : Import of raw materials: additives,
essences, coloring &
scent products to elaborate foodstuffs.
Classification according to commercial activity:
Sic: 5169-0000 Chemicals and allied products
-0900 Food
additives and preserving
Subject is considered as a large company in this line of
business, strong
competition
Sales
Sales are steady throughout the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Sales conditions: Credit.
Historical exports registered in the
Customs National Services
Total 2007 = 000's$
4.994
Total 2006 = 000's$ 546
Total 2005 = 000's$ 527
Not exporting currently
Customers
Main customers are: Members of the group and food
industry
The 3 most important customers are:
Dimerco S.A., Cramer Productos Aromaticos S.A.C.I.,
Carlos, Good Food S.A.
Purchases
Places orders with multiple suppliers
National: 1%
International: 99%
Imports from Germany, Argentina, Brazil, China, Egypt,
France, Netherlands and
United States
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
United
States
41,09 18,11
Netherlands
25,87 22,44
Brazil
23,78 49,66
France
4,97 3,22
Germany
2,57 2,93
Argentina
1,11 1,54
China
0,50 2,05
Egypt
0,11 0,00
Historical registries
Total 2010 = 000's$
941.205 Accumulated
2011 = 000's$ 1.301.456
Total 2009 = 000's$
742.663
Total 2008 = 000's$
5.473.836
Total 2007 = 000's$
5.616.926
Total 2006 = 000's$
3.315.458
Total 2005 = 000's$
1.432.308
Main suppliers
- Importadora y Comercializadora Barcelona Ltda.
Employees: 6 employees
Location
- Administration offices at Benjamín 2944 Oficina 13
Las Condes Santiago,
Chile, commercial area, main street of normal
traffic, construction in good
conditions
Branches
- Warehouse at Lucerna 4925 Cerrillos Santiago Chile
RELATED COMPANIES
Subject is related to the following companies:
- Transportes Las Rosas Ltda. (Transportation services
for company Dimerco)
- Transportes GF Ltda. (Transportation services for
company "Good Food S.A.")
- Good Food S.A. T A X 96665460-0 Cerrillos Santiago (Factory
of condiments
brand "Gourmet")
- Dimerco S.A. T A X 85648000-3 Cerrillos Santiago
- Cramer Productos Aromaticos S.A.C.I., Carlos T A X
92845000-7 Cerrillos
Santiago
FIXED ASSETS
Real estates
Subject does not register real estates
It was informed that the property at captioned address
belongs to partner "Sur
Pacifico S.A."
Vehicles
Subject has no vehicles
Machinery & Installations
Subject owns the following
- Office installations and other necessary
elements .
INSURANCES
Insurance Company:
-Liberty Compañia de Seguros Generales S.A.
ADMINISTRATION
General Manager : Miguel Andrés
Berndt Briceño
Treasurer
: Daniela Beltran
Accountant
: Cecilia Fritz
LEGAL INFORMATION
Legal Structure : Limited
Liability Partnership
Constitution date : 13/12/2004. Registered
on leaf 40.918 N°30.391, Santiago
Register of Real Estates, year 2004.
Notary
: Raúl Iván Perry Pefaur, Santiago
Term of duration : 5 Year
automatically renewable for equal and successive
periods
Legal Address :
Santiago - Chile
Published in
: Official Gazette dated 27/12/2004 page Nº 26
Current Social Capital: 000's$ 500.000.-
Social Initial Capital: 000's$ 500.000.-
Partner : 3
- 98,00% Sur Pacifico S.A.
- 1,00% 4775620-0 Claudio Andrés Berndt Cramer
- 1,00% 4775647-2 Miguel Renato Berndt Cramer
Power of attorney held by General Manager.
Legal changes
Public Deed dated 18/05/2005, notary Raúl Iván Perry Pefaur,
Santiago, published
in the Official Gazette dated 04/06/2005 page N° 54,
statutes were modified: it
was corrected an omission regarding deadline to complete
pending capital. It
shall be completed by partners within a period of 1 year and
according to the
requirements of the company.
INFORMATION SOURCES
On 14/10/2011 Miss. Cecilia Fritz, Accountant,
declined financial statements
according to policies of the company, however,
submitted the data shown in this
report.
-Other outside information sources.
Exchange rate
-As at 17/10/2011 $499,57 Per US$
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.37 |
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UK Pound |
1 |
Rs.78.50 |
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Euro |
1 |
Rs.67.59 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.