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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
IMPORTADORA Y EXPORTADORA RICHATEX LIMITADA |
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Registered Office : |
Manzana 3 Galpón 24 Zona
Franca |
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Country : |
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Date of Incorporation : |
25.03.1997 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import of textile
products. |
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No. of Employees : |
7 |
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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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Chile |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
IMPORTADORA Y EXPORTADORA RICHATEX LIMITADA
Manzana 3 Galpón 24 Zona Franca
Iquique
I Region De Tarapacá
CHILE
Telephone :
56-57-429009
Fax : 56-57-414310
E_Mail :
richatex2@gmail.com
SUMMARY
Started : 1997
Total
Employees
: 7
Payments : Prompt
Capital :
000's$ 72.978.-
Sic(s) : 5131
Line of Business: Import of textile products.
EVALUATION
Interpretation at
the end of the report.
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value
: 5.850
12
9
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 15/06/2012 subject
does not register protested
checks, bank drafts nor
promissory notes in the
commercial information bulletin
Labor Bulletin : As at 15/06/2012 does not register labor
infringements
Previsional Bulletin :
As at 15/06/2012 does not register pension fund's
nfringements
Consolidated delinquency : As at 15/06/2012, subject does not register any
delinquent bill
TRADE REFERENCES
No credit experiences to date were obtained
Since all purchases are made abroad, it is not possible to give a defining
opinion on subject's payment performance.
During the last 6 months, its credit history shows only one credit review
inquiry from a bank.
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 CHILE
International Risk and Payment Review reported in June 2011
The local delays in payment average 0-1 month.
BANKS
Subject operates with the following bank:
- Banco de Credito e Inversiones, branch Iquique.-
OPERATIONS
Line of Business : Import of textile products.
Classification according to commercial activity:
Sic: 5131-0000 Piece goods and notions
Subject is considered as a medium company in this line of business, strong
competition
Sales
Sales are steady throughout the year
100% wholesalers
National and international sales territory
Products are sold
National: 15%.
International: 85%.
Sales conditions: 40% cash and 60% term payments to 30 & 60 days.
Exports to Paraguay, Peru and Bolivia (Direct Imports, not registered at the
National Customs Service).
Customers
Main customers are: Retail
Purchases
Places orders with multiple suppliers
International: 100%
Purchase conditions: Letter of credit and cash.
Imports from Pakistan, Hong Kong, Thailand, China, Korea and India (Direct
exports, not registered at the National Customs Service).
Employees: 7 employees
Location
- General & commercial offices at Manzana 3 Galpón 24 Zona Franca
Iquique,
Chile, commercial area, street of normal 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
Subject does not register real estates
Vehicles
Owns vehicle for the company's use
Machinery & Instalations
Own equipment
- Office installations and sales room .
INSURANCES
Insurance Company:
-Cia. de Seguros Generales Penta-Security S.A.
Due
: Unspecified due dates
In force : Annual
Risks : Total
cover.
Objetive : Assets in general.
ADMINISTRATION
General Manager : Ram Harkishan Rohira
Commercial Manager : Jayesh Rohira
Accountant
: Jorge Barrios
Administrative Assistant :
Mukesh Malkani
CURRICULUM
Ram Harkishan Rohira
Birth place : India
Position :
General Manager
LEGAL INFORMATION
Legal
Structure
: Limited Liability Partnership
Constitution date :
25/03/1997. Registered on leaf 263 N°239, Iquique Trade
Registry, year 1997.
Notary
: Manuel Schepeler
Raveau, Iquique
Term of duration :
5 Year automatically renewable for equal and successive
periods
Legal Address : Iquique - Chile
Published in : Official Gazette dated 05/04/1997
page Nº 22
Current Social Capital: 000's$ 72.978.-
Partner : 2
- 99,00% Ram Harkishan Rohira
- 1,00% Bina Santoo Himatsinghani
Administration is held by General Manager.
Legal changes
Public Deed dated 17/12/1999, notary Raúl Arancibia Cerda, Iquique, published
in
the Official Gazette dated 09/02/2000 page N° 26, partners were modified: Mohan
Shewaram Manglani retired from the partnership, sold and transferred 100% of
shares to Bina Santoo Himatsinghani.
Consequently, partners are Ram Harkishan Rohira with 99% and Bina Santoo
Himatsinghani with 1% of participation.
Public Deed dated 28/03/2001, notary Christian Barrera Perret, Iquique,
published in the Official Gazette dated 06/04/2001 page N° 27, partners were
modified: Bina Santoo Himatsinghani sold and transferred her social rights to
Deepak Harishan Rohira.
Partners are Ram Harkishan Rohira with 99% and Deepak Harikishan Rohira, with
1%.
Public Deed dated 28/09/2011, notary Suplente Nestor Araya Blazina de Patricio
Torres Velozo, Santiago, published in the Official Gazette dated 07/10/2011,
partners were modified: Deepak Harkishan Rohira retired from the partnership,
selling, ceding and transferring to Bina Santoo Himatsinghani, who joined as
new
partner.
Consequently, only partners are Ram Harkishan Rohira and Bina Santoo
Himatsinghani, with 99% and 1% of participation respectively.
Capital :US$150.000 X $ 486,52 (exchange rate as of April 25, 2012) = $
72.978.000.-
INFORMATION SOURCES
Mr. Jayesh Rohira, Commercial Manager, declined financial
figures, submitted just general information.
-Other outside information sources.
Exchange rate
-As at 26/04/2012 $486,52 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
<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.