|
Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL ECCSA S.A. |
|
|
|
|
Registered Office : |
Huérfanos 1052 Piso 4to., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
21.12.1978 |
|
|
|
|
Legal Form : |
Private Stock Company |
|
|
|
|
Line of Business : |
Department store: Home Furnishing,
clothing, sports, shoes, electronic appliances, computer products and others.
|
|
|
|
|
No. of Employees : |
10.051 employees |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMERCIAL ECCSA S.A.
( RIPLEY )
Huérfanos 1052 Piso 4to.
XIII Region Metropolitana
Telephone : 56-2-6941000
Fax : 56-2-6941132
Web Site : www.ripley.cl
Postal Code : 8320214
SUMMARY
Started
: 1978
Total
Employees
: 10.051
Payments
: See Commercial Record
Capital
: 000's$ 274.106.194.-
Sic(s) : 5311
Line of Business: Department stores.
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value :
9.750.000
19.443
15.158
Liberal value : 10.725.000
21.387
16.673
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 20/03/2012 subject
does not register protested
checks, bank drafts nor promissory notes in the
commercial information bulletin
Labor Bulletin : As
at 20/03/2012 does not register labor infringements
Previsional Bulletin : As at 20/03/2012 does not
register pension fund's
infringements
Consolidated delinquency : As at 20/03/2012, subject registers the following
delinquent bills
Detail of Delinquent Debts
Date : 30/10/2008
Note : Invoice
Value : Ch$ 6.248,00
Drawer : Lavin y Cia.
City : Santiago
Date : 30/11/2007
Note : Invoice
Value : Ch$ 11.867,00
Drawer : Max Huber Reprotecnic
City : Concepción
Date : 30/09/2007
Note : Invoice
Value : Ch$ 27.489,00
Drawer : Max Huber Reprotecnic
City : Santiago
Date : 30/11/2007
Note : Invoice
Value : Ch$ 3.925,00
Drawer : Max Huber Reprotecnic
City : Santiago
Date : 28/11/2011
Note : Invoice
Value : Ch$ 5.544.448,00
Drawer : Logros Ltda.
City : -
Date : 30/03/2008
Note : Invoice
Value : Ch$ 11.867,00
Drawer : Max Huber Reprotecnic
City : Santiago
Date : 18/07/2007
Note : Invoice
Value : Ch$ 21.463,00
Drawer : Max Huber Reprotecnic
City : Santiago
Date : 04/05/2007
Note : Pay voucher
Value : Ch$ 2.405.000,00
Drawer : Gst Ltda.
City : Santiago
Date : 30/11/2007
Note : Invoice
Value : Ch$ 1.190,00
Drawer : Max Huber Reprotecnic
City : Santiago
Date : 11/06/2011
Note : Invoice
Value : Ch$ 960.211,00
Drawer : Disal Chile S.A.
City : Santiago
Subject registers 23 Invoices amounting 000's$ 25.204 . Only the latest have
been herein detailed..
TRADE REFERENCES (13/01/2012)
Suppliers' trade references are supplied as follows:
Detail of References
Old : Since
1985
Last purchase : 12-2011
Terms : 90 days
Payment : Prompt
Notes : invoice
Credit : (000'sUS$) 500.000
Owes : -
Due : Does
not Register
Paying Comments: Good
Purchase Aver. : (Monthly 000's$) 250.000
Old : Since
1991
Last purchase : 12-2011
Terms : 30 days
Payment : Prompt
Notes : bank transfer
Credit : -
Owes : -
Due : Does
not Register
Paying Comments: Excellent
Amounts were not disclosed, but supplier reported purchases were for over
000's$100.000.- No specific line of credit.
Old : Since
1992
Last purchase : 12-2011
Terms : 30 days
Payment : Prompt
Notes : sight draft
Credit : -
Owes : -
Due : Does
not Register
Paying Comments: Good
Purchase Aver. : (Monthly 000's$) 30.000
Operations are made with consignments. Payments are made within the first 10
days of the subsequent month. No defined line of credit.
Old : Since
1985
Last purchase : 12-2011
Terms : 60 days
Payment : Prompt
Notes : invoice
Credit : (000'sUS$) 1.100.000
Owes : -
Due : Does
not Register
Paying Comments: Good
Purchase Aver. : (Monthly 000's$) 300.000
Old : Since
2001
Last purchase : 12-2011
Terms : 30-60 days
Payment : Prompt
Notes : invoice
Credit : -
Owes : -
Due : Does
not Register
Paying Comments: Good
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 1985 04-11 Prompt
invoice
500.000 450.000
Since 1985 04-11 Prompt
invoice
1.100.000 627.000
Since 1992 04-11 Prompt sight
draft
- None
20 years 03-11 Prompt bank
transfer
-
-
Since 1992 09-10 Prompt
invoice
Open
-
20 years 10-10 Prompt bank
transfer
- None
Since 1985 10-10 Prompt
invoice
100.000
-
Since 1990 08-10 Prompt order
form
Open None
Since 2003 09-10 Prompt
invoice
Open
-
15 years 10-10 Prompt
invoice
Open None
Since 1993 10-10 Prompt
invoice
80.000
-
Since 1999 10-10 Prompt
invoice
Open
-
Since 1998 09-10 Prompt
invoice
Open
-
Since 2002 10-10 Prompt order
form
Open
-
Since 1990 06-10 Prompt order
form
Open None
Since 2002 06-10 Prompt order
form
Open
-
Since 2000 06-10 Prompt sight
draft
1.200.000
-
20 years 04-09 Prompt
checks
Open None
Since 1989 09-09 Prompt
checks
Open
-
Since 2007 09-09 Prompt
checks
1.300
-
Since 1989 10-08 Prompt checks
Open None
Since 1990 02-09 Prompt
checks
Open None
Since 1990 12-08 Prompt
checks
Open None
Since 1992 12-08 Prompt current account
Open None
Since 2006 01-09 Prompt order
form
1.300.000
None
Since 2006 12-08 Prompt order
form
1.300.000
None
Since 1992 12-08 Prompt current
account
Open None
Since 1990 11-08 Prompt
checks
Open None
Since 1990 09-08 Prompt
checks
Open None
Since 1992 08-08 Prompt sight
draft
Open None
Since 2006 09-08 Prompt order
form
1.300 None
Since 2007 05-08 Prompt order
form
Open None
Since 1999 05-08 Prompt
checks
Open None
Since 1996 05-08 Prompt not
specified
Open None
Since 1999 05-08 Prompt order
form
Open None
Since 1992 05-08 Prompt sight
draft
Open None
15 years
Prompt sight
draft
Open None
Since 1999 08-07 Prompt
checks
Open None
11 years 08-07 Prompt not
specified
Open
-
8 years 12-07 Prompt
checks
Open None
New 12-07
Prompt not
specified
Open None
New 08-07
Prompt not
specified
Open
-
8 years 05-06 Prompt
checks
Open
-
8 years 09-07 Prompt
checks
Open
-
11 years 08-07 Prompt not
specified
Open
-
Since 1999 08-07 Prompt not
specified
Open
-
11 years 08-07 Prompt
checks
Open
-
15 years
Prompt sight
draft
Open None
Since 1998 09-07 Prompt invoice & check
Open None
Since 1998 04-07 Prompt invoice &
check
Open
-
Since 1999 03-07 Prompt not
specified
Open
-
10 years 04-07 Prompt sight
draft
Open
-
10 years 04-07 Prompt not
specified
Open
-
5 years 04-07 Prompt
checks
-
-
New 03-07
Prompt not
specified
-
-
4 years 05-06 Prompt not
specified
-
-
10 years 05-06 Prompt
checks
Open
-
5 years 05-06 Prompt
checks
-
-
8 years 05-06 Prompt
invoice
Open
-
8 years 05-06 Prompt
checks
Open
-
8 years 05-06 Prompt
invoice
Open
-
10 years 05-06 Prompt sight
draft
Open
-
8 years 05-06 Prompt bank
draft
Open
-
15 years 05-06 Prompt bank
draft
600.000
-
3 years 12-05 Prompt not
specified
-
-
15 years 01-06 Prompt bank
draft
600.000
-
8 years 12-05 Prompt bank
draft
Open
-
10 years 01-06 Prompt sight
draft
Open
-
8 years 01-06 Prompt
invoice
Open
-
5 years 01-06 Prompt
checks
-
-
10 years 01-06 Prompt
checks
Open
-
8 years 01-06 Prompt
invoice
Open
-
8 years 12-05 Prompt
checks
Open
-
8 years 11-05 Prompt
checks
Open
-
5 years 11-05 Prompt
checks
-
-
8 years 11-05 Prompt
invoice
Open
-
8 years 11-05 Prompt
invoice
Open
-
3 years 11-05 Prompt not
specified
-
-
10 years 11-05 Prompt
checks
Open
-
10 years 11-05 Prompt sight
draft
Open
-
8 years 11-05 Prompt bank
draft
Open
-
15 years 11-05 Prompt bank
draft
600.000
-
15 years 06-05 Prompt bank
draft
600.000
-
8 years 06-05 Prompt bank
draft
Open
-
10 years 06-05 Prompt sight
draft
Open
-
8 years 06-05 Prompt
checks
Open
-
10 years 06-05 Prompt
checks
Open
-
3 years 06-05 Prompt not
specified
-
-
8 years 06-05 Prompt
invoice
Open
-
8 years 06-05 Prompt
invoice
Open
-
5 years 06-05 Prompt
checks
-
-
5 years 04-05 Prompt
checks
Open
-
8 years 04-05 Prompt
checks
Open
-
8 years 04-05 Prompt
invoice
Open
-
8 years 04-05 Prompt
invoice
Open
-
3 years 04-05 Prompt not
specified
-
-
10 years 04-05 Prompt
checks
Open
-
5 years 04-05 Prompt bank
draft
Open
-
10 years 04-05 Prompt bank draft
Open
-
10 years 04-05 Prompt
checks
Open
-
10 years 12-04 Prompt
checks
Open
-
5 years 12-04 Prompt bank
draft
Open
-
10 years 12-04 Prompt
checks
Open
-
10 years 12-04 Prompt bank
draft
Open
-
1 year 12-04 Prompt
not
specified
-
-
8 years 12-04 Prompt
invoice
Open
-
8 years 12-04 Prompt
invoice
Open
-
5 years 12-04 Prompt
checks
Open
-
8 years 12-04 Prompt
checks
Open
-
8 years 05-04 Prompt
checks
Open
-
5 years 05-04 Prompt
checks
Open
-
8 years 05-04 Prompt
invoice
Open
-
5 years 05-04 Prompt bank
draft
Open
-
10 years 05-04 Prompt bank
draft
Open
-
Locally subject operates under different credit terms. Old customer.
Its credit report reflects no protests, and no social security and/or
work
infringements as of the date of this report. However, it reveals 23 delinquent
payments detailed in this report.
During the last 6 months,its credit history shows 268 credit review inquiries
requested by banks, hardware stores, workmen's compensation and credit
reporting
agencies, industries and others.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in June 2011
The local delays in payment average 0-1 month.
BANKS (12/01/2012)
Subject operates with the following banks:
- Banco de Chile, main office Ahumada 251, Santiago
- Banco de Credito e Inversiones, main office Huérfanos 1134, Santiago
- Banco Santander Chile, main office Bandera 140, Santiago
- BancoEstado, main office
- Corpbanca, main office
- Scotiabank Chile, main office Morandé 226, Santiago
OPERATIONS (12/01/2012)
Line of Business : Department store: Home Furnishing, clothing, sports, shoes,
electronic appliances, computer products and others.
Classification according to commercial activity:
Sic: 5311-0000 Department stores
Subject is considered as a large company in this line of business, strong
competition
Sales
Sales are steady throughout the year
100% retailers
National and international sales territory
Products are sold
National: 76%.
Sales conditions: Cash and credit.
International: 24%.
Sales conditions: 98% letter of credit and 2% collection.
Exports to Peru.
of Exports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
Peru
100,00 0,00
Historical registries
Total 2010 = 000's$ 124.867
Total 2009 = 000's$ 262.176
Total 2008 = 000's$ 825.079
Total 2007 = 000's$ 797.668
Total 2006 = 000's$ 80.028
Total 2005 = 000's$ 340.087
Total 2004 = 000's$ 340.087
Total 2003 = 000's$ 68.213.616
Customers
Main customers are: Public in general.
Purchases
Places orders with multiple suppliers
National: 10%
Purchase conditions: Term payments to 30, 60 & 90 days
International: 90%
Purchase conditions: Cash, collection and credit letter to 120 days.
Imports from Germany, Argentina, Bangladesh, Belgium, Brazil, Canada, China,
Colombia, South Korea, Denmark, Egypt, Spain, Philippines, India, Indonesia,
England, Italy, Japan, Malaysia, Unknown Origin/Destin., Pakistan, Panama,
Paraguay, Peru, Poland, Singapore, Sri Lanka, Taiwan, United Kingdom, Turkey,
Turkey, United States, Uruguay and Vietnam.
Records of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
China
89,74 88,04
Malaysia
2,08 2,81
India
1,67 2,56
Pakistan
0,99 0,92
Brazil
0,95 0,94
United
States
0,93 0,35
Egypt
0,69 0,86
Unknown
Origin/Destin.
0,68 0,71
Peru
0,45 0,77
Argentina
0,34 0,48
Indonesia
0,25 0,33
Uruguay
0,16 0,01
Bangladesh
0,15 0,15
Spain
0,14 0,24
Italy
0,13 0,12
Singapore
0,11 0,19
Belgium
0,10 0,00
Germany
0,06 0,00
South
Korea
0,05 0,00
Taiwan
0,05 0,06
Turkey
0,04 0,00
Vietnam
0,04 0,07
England
0,03 0,00
Turkey
0,03 0,00
Panama
0,03 0,11
Denmark
0,02 0,00
Poland
0,02 0,04
United
Kingdom
0,02 0,00
Paraguay
0,01 0,00
Colombia
0,01 0,00
Philippines
0,01 0,00
Canada
0,01 0,02
Sri
Lanka
0,01 0,00
Japan
0,00 0,00
Historical registries
Total 2010 = 000's$ 83.592.621 Accumulated 2011 = 000's$
100.937.071
Total 2009 = 000's$ 71.044.277
Total 2008 = 000's$ 110.857.312
Total 2007 = 000's$ 95.208.590
Total 2006 = 000's$ 94.602.950
Total 2005 = 000's$ 83.689.296
Total 2004 = 000's$ 83.689.296
Total 2003 = 000's$ 662.195
Main suppliers (13/01/2012)
- Adidas Chile Ltda.
- Agencias Universales S.A.
- Best House S.A.I.C. Productos para Bebes
- C.T.I. Compañia Tecno Industrial S.A.
- Colchones Rosen S.A.I.C.
- Comercial Mabe Chile Limitada
- Comercializadora Skechers Chile Limitada
- Computacion Olidata Ltda.
- Confecciones Textiles El Aguila Ltda.
- D.N.D. Import & Export Limitada
- Fabrica Nacional de Colchas El Castillo S.A.
- Forus S.A.
- I.B.M. de Chile S.A.C.
- Industrializadora y Comercializadora de Ropa Induropa Ltda.
- Inversiones Sudamericana Limitada.
- Jimenez y Cia. Ltda.
- Manufacturas de Calzado Guante Ltda.
- Maui & Sons S.A.
- Nike de Chile S.A.
- Panasonic Chile Ltda.
- Philips Chilena S.A.
- Puma Chile S.A.
- Sociedad Comercial Importadora y Exportadora Eme Erre Chile Limitada
- Somela S.A.
- T.J.C. Chile S.A.
- X Sport Ltda
Employees
10.051 employees
Total Corporation.
Location
- Headquarters at Huérfanos 1052 Piso 4to. Santiago, Chile,
downtown-commercial area, street of busy traffic, construction in
good
conditions
Branches (12/01/2012)
- Store at Arturo Prat 656 Temuco Chile
- Store at Irarrázaval 1375-1401 Ñuñoa Santiago Chile
- Store at San Diego 200 Santiago Chile
- Store at Agustinas 960 Santiago Chile
- Store at Huérfanos 886 Santiago Chile
- Store at General Bonilla 2750 Concepción Chile
- Store at Huérfanos 967 Santiago Chile
- Store at Barros Arana 839 Concepción Chile
- Store at Av. Kennedy 5413 piso 6 -Parque Arauco Las Condes Santiago
Chile
- Store at Avda. Libertador Bdo. O"Higgins 3031 Santiago Chile
- Store at Plaza Sucre 290 Viña del Mar Chile
RELATED COMPANIES (12/01/2012)
Subject is related to the following companies:
National
- Viña del Mar Store Limitada. T A X 96850710-9 Santiago, 99,99%
Participation
- Valparaiso Store S.A. T A X 96847490-1, 99,99% Participation
- Antofagasta Store S.A. T A X 96847470-7, 99,99% Participation
- Maipu Store Limitada T A X 76731040-4, 99,96% Participation
- Temuco Store Co. S.A. T A X 99589810-1, 99,96% Participation
- La Dehesa Store Ltda. T A X 76589420-4 Lo Barnechea Santiago, 99,95%
Participation
- Moll Puente S.A. T A X 96752600-2, 99,94% Participation
- Alto Store Limitada T A X 96917230-5 Las Condes Santiago, 99,67%
Participation
- Alameda Store Limitada T A X 76879780-3, 99,58% Participation
- Centro de Entren. para el Trab. Ltda. T A X 77035950-3, 99,58%
Participation
- Chillan Store S.A. T A X 96836250-K, 99,58% Participation
- Administradora de Tarjetas de Credito Ltda. T A X 76850740-6 Santiago,
99,19%
Participation
- La Serena Store S.A. T A X 96917250-K, 99,17% Participation
- Center Store S.A. T A X 96788550-9, 99,07% Participation
- West Store S.A. T A X 96712780-9, 98,78% Participation
- Calama Store Co S.A. T A X 96979260-5 Calama, 95,83% Participation
- Atlantis Fondo de Inversion Privado T A X 76033297-6, 94,66%
Participation
- Huechuraba Store S.A. T A X 96965510-1, 86,11% Participation
- Tobalaba Store S.A. T A X 96965460-1 Santiago, 86,11% Participation
- Administradora de Inversiones Corporativas Ltda. T A X 76041994-K,
69,37%
Participation
- Central Warehouse S.A. T A X 96848430-3
International
- Ripley Hong Kong Limited, China 99,6%***56 domestic related companies
and 1
foreign company that operates through head company "Ripley
Retail Ltda".
FIXED ASSETS
Real estates (12/01/2012)
Subject registers real estates
- Branch, San Diego 200 Santiago-Chile, Fiscal value of 000's$
1.060.977.-, rol
Nº 478-60
- Branch, Agustinas 960 Santiago-Chile, Fiscal value of 000's$ 334.151.-,
rol
Nº 78-307
- Building, Viana 685 Viña del Mar-Chile, Fiscal value of 000's$
4.539.612.-,
rol Nº 674-65
- Parking lots, Velásquez 2166 SP Box 15 Providencia Santiago-Chile,
Fiscal
value of 000's$ 3.716.-, rol Nº 531-709
- Branch, Huérfanos 886 Santiago-Chile, Fiscal value of 000's$
5.069.117.-, rol
Nº 101-553
- Branch, General Bonilla 2750 Concepción-Chile, Fiscal value of 000's$
231.084.-, rol Nº 21.286-316
- Business office, Arturo Prat 522536 Antofagasta-Chile, Fiscal value of
000's$
8.145.254.-, rol Nº 850-31
- Branch, Huérfanos 967 Santiago-Chile, Fiscal value of 000's$ 594.049.-,
rol
Nº 128-542
- Business office, San Diego 318 Santiago-Chile, Fiscal value of 000's$
256.247.-, rol Nº 531-15
- Premises, Agustinas 958 Santiago-Chile, Fiscal value of 000's$
438.346.-, rol
Nº 78-306
- Branch, Irarrázaval 1375-1401 Ñuñoa Santiago-Chile, Fiscal value of
000's$
848.184.-, rol Nº 3.912-7
- Business office, Huérfanos 955-959 Santiago-Chile, Fiscal value of
000's$
992.048.-, rol Nº 128-540
- Business office, Cóndor 1051 1055 Santiago-Chile, Fiscal value of
000's$
42.037.-, rol Nº 531-26
Total fiscal appraisal $ 59.364.212.515.-
Machinery & Instalations (12/01/2012)
Own equipment
- Warehouses , computer equipments , installations and other
necessary
elements .
INSURANCES (12/01/2012)
Insurance Company:
-Chartis Compania de Seguros Generales
Due
: Unspecified due dates
In force : Annual
Risks :
Various risks.
Objetive : Assets in general.
BOARD OF DIRECTORS
President
: Felipe Lamarca Claro TAX:4779125-1
Director
: Hernán Pedro Pablo Uribe Gabler TAX:6379783-9
Director
: Sergio Collarte Alvarado
Director
: Jorge Lafrentz Fricke
ADMINISTRATION
General Manager : Andrés
Roccatagliata Orsini TAX:8521864-6
Legal Representative : Alejandro Fridman Pirozansky
TAX:4438651-8
Control Manager : Oscar
Liñan
Finances & Taxation
Finances Manager : Juan Andres
Diuana Yunis TAX:9213767-8
CURRICULUM
Felipe Lamarca Claro
T A
X
: 4779125-1
Birth place : Chile
Studies
: Graduated at Universidad Católica de Chile .
Titled as :
Commercial Engineer.
Position :
President
Hernán Pedro Pablo Uribe Gabler
T A
X
: 6379783-9
Studies
: Graduated at Universidad Católica de Chile , MBA,
University of California, in LA (UCLA) USA..
Titled as :
Industrial Civil Engineer.
Juan Andres Diuana Yunis
T A
X
: 9213767-8
Studies
: Graduated at Universidad Católica de Chile .
Titled as :
Industrial Civil Engineer.
Position :
Finances Manager
LEGAL INFORMATION (12/01/2012)
Legal Structure : Private Stock Company
Constitution date : 21/12/1978. Registered on leaf
2.897 Nro.2.281 of the
Real Estate Receivership Trade Register, year 1979.
Notary
: Arturo Carvajal, Santiago
Term of duration : Indefinite
Legal Address : Santiago - Chile
Published in : Official Gazette
dated 14/03/1979
Current Social Capital: 000's$ 274.106.194.-Divided to 17.039.299.- registered
shares unique series
Shareholder :
- 99,60% 99531180-1 Ripley Retail Ltda.
- 0,40% Other Shareholders
Power of attorney held by General Manager.
Legal changes
Public Deed dated 25/05/1990, notary Humberto Quezada Moreno, Santiago,
published in the Official Gazette dated 19/07/1990 page N° 12, capital was
increased: to $ 300.000.000 divided into 3.000.000 no par value shares of
$100.- each one.
Public Deed dated 09/01/2001, notary Samuel Klecky Rapaport, Santiago,
published
in the Official Gazette dated 24/01/2001 page N° 11, capital was increased:
from
$300.000.000 to $11.394.305.433 divided into 3.206.532 registered and no
par
value shares of one series.-
(Rectified in the Official Gazette of March 9, 2001 page 13)
Public Deed dated 12/07/2001, notary Samuel Klecky R., Santiago, published in
the Official Gazette dated 08/09/2001 page N° 14, corporate purpose was
modified: it was extended to the manufacture, distribution and sale of all kind
of goods, clothes, appliances, food and beverages.- Import and export of
the
mentioned articles, lease and sale of goods, furniture and investment of all
kind of goods.
Public Deed dated 18/07/2002, notary Samuel Klecky Rapaport, Santiago,
published
in the Official Gazette dated 31/08/2002 page N° 14, statutes were modified:
not
published details.
Public Deed dated 29/05/2003, notary Andrés Adriazola Lema, Santiago, published
in the Official Gazette dated 11/06/2003 page N° 7, corporate purpose was
modified: it was extended to the current one.
Public Deed dated 23/10/2003, notary Andrés Adriazola Lema, Santiago, published
in the Official Gazette dated 28/10/2003 page N° 11, capital was increased:
from
$11.394.305.433 divided into 3.206.532 registered shares of one series
and no
par value, to $26.455.844.448 divided into 3.633.594 registered and no par
value
shares of the same series, totally subscribed & paid.
Public Deed dated 31/10/2005, notary Eduardo Avello Concha, Santiago, published
in the Official Gazette dated 10/12/2005 page N° 15, statutes were modified:
whereby it was agreed to divide subject into 2 companies: one is the continuer,
which keeps the business name (subject) and the other is a new one called
Inmobiliaria Eccsa SA. Consequently, capital was reduced: from
$27.170.578.414
(revalued) to $26.670.598.414.- The difference is the capital of the
recently
established company.
Public Deed dated 05/12/2005, notary Eduardo Avello Concha, Santiago, published
in the Official Gazette dated 24/12/2005 page N° 16, capital was increased:
from
$26.670.598.414 to $314.553.796.247 divided into 13.419.420 no par value
shares.
Public Deed dated 18/06/2007, notary Rodrigo Castro Díaz, Santiago, published
in
the Official Gazette dated 21/06/2007 page N° 17, capital was reduced from
$323.908.656.844 (revalued) to $303.908.656.844 divided into 13.419.420 no par
value shares.
Public Deed dated 28/12/2007, notary Ulises Aburto Spitzer, Santiago, published
in the Official Gazette dated 09/02/2008 page N° 14, capital was increased:
from
$321.905.815.323 (revalued) to $347.741.983.920 divided into 14.491.460 no par
value shares.-
Public Deed dated 21/08/2008, notary Raúl Perry Pefaur, Santiago, published in
the Official Gazette dated 06/10/2008 page N° 13, statutes were modified:
shareholders agreed to divide subject into 2 companies: subject and a private
stock company called Comercial Eccsa II S.A. As a result, capital was reduced:
from $349.891.942.524.- including revaluation as of Dec. 31st., 2007,
divided
into 14.491.460 shares, to $349.782.557.153.- keeping number of shares and
approving statutes of the new company.
Public Deed dated 21/10/2009, notary Raúl Perry Pefaur, Santiago, published in
the Official Gazette dated 17/11/2009 page N° 17, capital was increased: from
$380.915.037.163.- (revalued) to $441.915.037.163.- divided into 17.039.299
registered, no par value and same-series shares.
Public Deed dated 03/05/2010, notary Raúl Perry Pefaur, Santiago, published in
the Official Gazette dated 29/06/2010 page N° 5, statutes were modified: it was
agreed to divide subject (and its net worth) into two companies, subject itself
keeping same business name, and a new stock company to be called
"Comercial
Eccsa III S.A.". As a result, subject's capital was reduced from
$424.953.991.308.- (including revaluation as at Dec. 31, 2009) divided into
17.039.299 shares, to $424.614.339.186.- keeping same number of shares.
Public Deed dated 07/10/2011, notary Raúl Perry Pefaur, Santiago, published in
the Official Gazette dated 14/10/2011, capital was reduced: from $
424.614,339.186 divided into 17.039.299 shares, no par value, completely
subscribed and paid, to the amount of $274.106.194.305 same number of
shares.
PUBLICATIONS (12/01/2012)
The following information regarding the subject was published in press
DIARIO FINANCIERO of 13/01/2012 Investors summit in Cancún, Mexico: Ripley Corp
informed about 2012-2013 investments for Chile and Peru.
US$582 millions are to be invested : US$305 millions for 2012 and US$277
millions for 2013. 12 new stores and a Mall will be settled in the next 2
years.
If Colombia becomes another country to invest in, additional resources should
be spent since the official plan only includes Chile and Peru.
Subject intends to duplicate the 2010 Ebitda of US$212 millions. To carry it
out in 2011, Ripley made important changes in commercial, purchases and
marketing areas, people, logistics and risk.
The purpose is to increase the number of customers without increasing average
amount of debt.
It is expected to reach to 2.000.000 operating cards (Peru and Chile) and the
Mastercard is the new plastic card to activate this goal.
Two Golden Projects
One is the Costanera Center with 15.815 m2 and Mall Concepción with 86.000 m2,
in this last shopping center Ripley and Jumbo are going to be the key
companies.
In Peru will open stores in the cities of Chimbote, Santa Anita, San Borja and
Lima.
In Chile owns 38 stores representing 236.000 m2 and keeps a strategic alliance
with Mall Plaza., in Peru owns 15 stores, totallizing 125.000 m2 with 42% iof
market share and 40% of ownership of Aventura Plaza. -
INFORMATION SOURCES
On 12/01/2012 Mr. Juan Andres Diuana Yunis, Finances Manager, declined
financial figures, however, submitted the data shown in this report.
Note: The address of Huérfanos 979 3rd fl., off 320, Santiago belongs to
Invoices Centralization department.
-Other outside information sources.
Exchange rate
-As at 13/01/2012 $501,47 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.90 |
|
|
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.98 |
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.