|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ESPECIERA DEL SUR LIMITADA |
|
|
|
|
Registered Office : |
Agustinas 853 Of. 631, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.10.1995 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Elaboration, manufacture, export and marketing of species |
|
|
|
|
No. of Employees : |
20 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ESPECIERA DEL SUR
LIMITADA
Agustinas 853 Of. 631
XIII Region Metropolitana
Postal Code : 832-0199
Telephone :
56-2-6330024, 56-2-7453152, 56-2-7453153, 56-2-6381471
Fax : 56-2-7453153
E_Mail
: contacto@especieradelsur.tie.cl
Web Site : www.especieradelsur.cl
Started
: 1995
Total Employees : 20
Payments :
Prompt
Capital
: 000's$ 142.595.-
Sic(s) : 2099
Line of Business: Elaboration, manufacture, export and marketing of species.
EVALUATION
Interpretation at the end of the report.
Financial
indicators
Financial statements could not be obtained, thus financial analysis can not
be
carried out
Commercial
Bulletin : As at 11/06/2012 subject does not
register protested
checks, bank drafts nor promissory
notes in the
commercial information
bulletin
Labor Bulletin : As at 11/06/2012 does not register
labor infringements
Previsional Bulletin
: As at 11/06/2012 does not register pension fund's infringements
Consolidated delinquency : As at 11/06/2012, subject does not register
any
delinquent bill
TRADE REFERENCES
Trade references are
supplied as follows:
Detail of References
Old : Since
2004
Last purchase : 05-2012
Terms : 30 days
Payment : Prompt
Notes : invoice
Credit : (000'sUS$) 2.500
Owes : -
Due : Does
not Register
Paying Comments: Good
Purchase Aver. : (Monthly 000's$) 1.500
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
2 years 07-11
Cash
cash
- None
Since 1998 08-09 Prompt current
account
1.000 None
Since 1998 10-08 Prompt current
account
1.000 None
Since 1998 06-08 Prompt current
account
-
-
3 years 04-03 Prompt
checks
-
-
2 years 04-03 Prompt
checks
Open
-
During the last 6 months, the account holder credit history shows 18
credit
review inquiries requested by banks, insurance and consulting companies.
The account holder credit report reflects no delinquent payment history, no
protests, and
no social security and/or work infringements as of the date of
this report.
AVERAGE PAYMENTS IN
International Risk and Payment Review reported in June 2011
The local delays in payment average 0-1 month.
BANKS
Subject operates with the following banks:
- Banco Bice
- Banco de Credito e Inversiones
- Banco Itau
- Banco Santander
Line of
Business : Elaboration, manufacture, export and marketing of species.,
such as chili, garlic, vegetal
scents, oregano, sweet and hot
paprika, cinnamon and seasonings in
general.
Classification according to commercial activity:
Sic: 2099-0000 Food preparations
-0400 Seasonings and spices
Subject is considered as a large company in this line of business, minor competition
Sales
Sales are steady throughout the year
100% wholesalers
National and international sales territory
Products are sold
National: 10%
International: 90%
Exports to Argentina, Brazil, Canada, Colombia, Spain, Netherlands, Japan,
Mexico and Uruguay.
of Exports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
Mexico
50,64 17,81
Argentina
26,70 11,36
Netherlands
8,21 28,75
Spain
6,46 0,00
Japan
4,56 21,67
Uruguay
2,20 12,08
Canada
0,88 7,57
Brazil
0,18 0,00
Colombia
0,17 0,74
Historical
registries
Total 2011 = 000's$ 2.375.465 Accumulated 2012 = 000's$
264.688
Total 2010 = 000's$ 1.731.860
Total 2008 = 000's$ 4.387.648
Total 2007 = 000's$ 2.338.016
Customers
Main customers are: Line of business' distributors, food industry among
other
The 4 most important customers are:
Productos Fernandez S.A., Prinal S.A., Cramer Productos Aromaticos
S.A.C.I.,
Carlos and Importadora Cafe Do Brasil S.A.
Purchases
Places orders with multiple suppliers
National: 70%
International: 30%
Purchase conditions: Collection
Imports from Argentina, China, India, Indonesia, Peru, Syria, Sri Lanka and
Vietnam.
Records of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
Argentina
31,12 0,00
China
23,64 7,16
Sri
Lanka
12,43 0,00
Peru
9,76 15,97
Vietnam
9,29 50,65
Syria
5,99 0,00
India
4,81 26,20
Indonesia
2,95 0,00
Historical
registries
Total 2011 = 000's$ 643.049 Accumulated 2012 = 000's$
142.351
Total 2010 = 000's$ 515.492
Total 2008 = 000's$ 783.325
Total 2007 = 000's$ 330.803
Main suppliers
- Cartonpack Limitada
- Coagra S.A.
- Comercio Internacional Tagler S.A.
- Compañia Agropecuaria Copeval S.A.
- Mosaic S.A.
- Plasticos Arauco Ltda.
Employees: 20 employees
Location
- General offices at Agustinas 853 Of. 631 Santiago, Chile, commercial
area,
main street of busy traffic, construction in good conditions
Branches
- Factory
at María Josefina 951 Lampa Chile
RELATED COMPANIES
Subject does not have any related company.
FIXED ASSETS
Real estates
Subject does not register real estates
The premises where subject operates belong to the partner Rómulo Giagnoni.
Vehicles
Owns vehicles for the company's use
5 service vehicles : vans and vans , of various models
& trademarks
(2000-2006 and 2007).
Machinery & Instalations
Own equipment
- Tools , mills , installations and other necessary elements .
Insurance
Company:
-Mapfre Cia. de Seguros Generales de Chile S.A.
Due
: Unspecified due dates
In force : Annual
Risks : Fire.
Objetive : Property.
-HDI Seguros Generales S.A.
ADMINISTRATION
General Manager : Luis Felipe
Giagnoni Achondo TAX:9921377-9
Finances Manager : Rómulo Giagnoni Mack
TAX:3873067-3
Finances'assistant : Edith Ubilla
Legal
Structure :
Limited Liability Partnership
Constitution date :
16/10/1995. Registered on leaf 24.818 No. 20.065 Santiago
Trade Registry, 1995. Under business
name ESPECIERA DEL SUR S.A.
Notary
: Hugo Leonardo
Pérez Pousa, Santiago
Term of duration :
10 Year renewable in five-year periods
Legal Address : Santiago - Chile
Published in : Official Gazette dated 23/10/1995
page Nº 15
Current Social Capital: 000's$ 142.595.-Divided to 71.262.- registered shares
unique series
Social Initial Capital: 000's$ 20.000.-
Shareholder : 4
- 42,98% Inversiones y Asesorías Invergia Limitada
- 42,98% Inversiones y Asesorías Pistoia Limitada
- 7,02% 3873067-3 Rómulo Giagnoni Mack
- 7,02% 9921377-9 Luis Felipe Giagnoni Achondo
Power of attorney held by General Manager.
Legal changes
Public Deed dated 07/05/1996, notary Hugo Pérez Pousa, Santiago, published in
the Official Gazette dated 16/05/1996 page N° 10, capital was increased: from
$20.000.000.- divided into 10.000 shares to $80.870.000.- divided into 40.435
shares no par value.
Public Deed dated 07/08/1996, notary Guillermo Le-Fort Campos, Santiago,
published in the Official Gazette dated 17/08/1996 page N° 10, capital was
increased: from $80.870.000.- divided into 40.400 subscribed and paid shares,
to
$142.596.000.- 30.862 new shares were issued, all subscribed & paid.
Public Deed dated 17/12/2008, notary Jorge Andrés Osorio Rojas, Santiago,
published in the Official Gazette dated 23/12/2008 page N° 59, corporate
structure was modified: from stock company into limited liability partnership
called ESPECIERA DEL SUR LIMITADA.
Term of duration : 10 years extendable for equal and successive periods of 5
years, each one.
Capital is $142.595.000.- Corporate purpose: acquisition, transfer, sale,
management, brokerage, manufacture, production of goods & chattels, real
estates, specially trade effects, shares. The participation is companies,
associations and/or communities., the representation and services.
INFORMATION SOURCES
On 11/06/2012 Miss. Nelly Valdés, Assistant Foreign Trade Manager,
declined
financial figures, however, submitted the data shown in this report.
-Other outside information sources.
Exchange rate
-As at 14/06/2012 $502,07 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.