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Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL MEDICAL PRODUCTS S.A. (IMP
CHILE) |
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Registered Office : |
Avda. Sucre 1389 – Ñuñoa, Santiago XIII
Region Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
17.07.1991 |
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Legal Form : |
Private Stock Company |
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Line of Business : |
Import and distribution of discardable medical supplies and
equipments. |
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No. of Employees : |
15 |
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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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Chile |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
CHILE - ECONOMIC OVERVIEW
Chile has a market-oriented economy characterized by a high
level of foreign trade and a reputation for strong financial institutions and
sound policy that have given it the strongest sovereign bond rating in South
America. Exports account for approximately one-third of GDP, with commodities
making up some three-quarters of total exports. Copper alone provides 19% of
government revenue. From 2003 through 2012, real growth averaged almost 5% per
year, despite the slight contraction in 2009 that resulted from the global
financial crisis. Chile deepened its longstanding commitment to trade
liberalization with the signing of a free trade agreement with the US, which
took effect on 1 January 2004. Chile has 22 trade agreements covering 60
countries including agreements with the European Union, Mercosur, China, India,
South Korea, and Mexico. Chile has joined the United States and nine other
countries in negotiating the Trans-Pacific-Partnership trade agreement. In
2012, foreign direct investment inflows reached $28.2 billion, an increase of
63% over the previous record set in 2011. The Chilean Government has generally
followed a countercyclical fiscal policy, accumulating surpluses in sovereign
wealth funds during periods of high copper prices and economic growth, and
generally allowing deficit spending only during periods of low copper prices
and growth. As of 31 December 2012, those sovereign wealth funds - kept mostly
outside the country and separate from Central Bank reserves - amounted to more
than $20.9 billion. Chile used these funds to finance fiscal stimulus packages
during the 2009 economic downturn. In May 2010 Chile signed the OECD
Convention, becoming the first South American country to join the OECD.
|
Source
: CIA |
INTERNATIONAL MEDICAL
PRODUCTS S.A. (IMP CHILE)
Avda. Sucre 1389 - Ñuñoa
Santiago
XIII Region Metropolitana
CHILE
Telephone :
56-2-22250047, 56-2-22238720
E_Mail :
smonti@impchile.cl
Web Site :
www.impchile.cl
Postal Code : 7770285
SUMMARY
Started
: 1991
Total
Employees :
15
Payments
: Prompt
Capital
:
000's$ 150.-
Sic(s) : 5047
Line of Business : Import and
distribution of discardable medical supplies and equipments.
000's
Pesos 000's US$
dollars 000's Euros
Conservative value : 13.650
26 20
Liberal value
: 15.015
29 22
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial statements could not
be obtained, thus financial analysis can not be carried out
Commercial
Bulletin :
As at 19/08/2013 subject does not register protested checks, bank drafts nor promissory notes in
the commercial information bulletin
Labor Bulletin : As at 19/08/2013 does not register work
infringements
Previsional Bulletin
: As at 19/08/2013 does not register social security infringements
Consolidated delinquency : As at 19/08/2013, subject does not register any delinquent
bill
Trade reference of the sole
national supplier is detailed
Detail of References
Old : Since 2001
Last purchase : 07-2013
Terms : 90 days
Payment : Prompt
Notes : checks
Credit : (000'sUS$) 30.000
Owes : -
Due : Does not Register
Paying Comments: Good
Purchase Aver. : (Monthly 000's$) 7.000
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 2001 12-08 Prompt
checks
30.000
-
5 years 10-06 Prompt
checks 30.000
-
1 year 11-00 Prompt
bank draft
Open
-
During the last 6 months, the account holder credit history shows 5 credit
review inquiries requested by financial institutions, telecommunications
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.
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 de Chile
- Banco de Credito e Inversiones
Line of Business :
Importers and distributors of discardable medical supplies and
equipments, such as wheel chairs, clinic beds, alternating pressure mattresses.
Classification according to commercial activity:
Sic: 5047-0000 Medical and hospital equipment
-0107 Physician equipment and
supplies
-0108 Surgical equipment and
supplies
Subject is considered as a medium company in this line of business, normal
competition
Sales are steady throughout
the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Sales conditions: Term payments to 30, 60 & 90 days.
Main customers are:
Hospitals, private hospitals, medical centers.
The 7 most important customers are:
Hospital Fach, Clinica Alemana de Santiago S.A., Instituto de
Diagnostico S.A., Servicio de Salud Oriente Hospital Luis Calvo
Mackenna, Centro de Diagnostico Clinica Tabancura S.A., Fondo
Hospital de la Direccion de Prevision de Carabineros de Chile, Hospital
Roberto del Rio.
Places orders with multiple
suppliers
National: 1%
International: 99%
Purchase conditions: Letter of credit and direct collection.
Imports from Germany, Argentina, Australia, China, France, India and United
States
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
France
58,00 69,21
United
States
31,37 28,35
Australia
4,08 0,00
China
3,38 2,40
Germany
3,05 0,00
India
0,09 0,00
Argentina
0,02 0,00
Total
2012 = 000's$ 223.544 Accumulated 2013 = 000's$ 146.749
Total 2007 = 000's$ 49.664
Total 2005 = 000's$ 71.984
- Comercial Kendall (Chile) Ltda.
Employees: 15 employees
- Offices located at
Avda. Sucre 1389 Ñuñoa Santiago, Chile
Subject does not have any
branch
Subject does not have any
related company.
Real estates
Subject does not register real estates
Informed that are owners of the property mentioned at heading address.
Vehicles
Does not have vehicles
Machinery & Instalations
Subject owns the following
- Warehouses , office installations and other necessary elements
Insurance Company:
-Aseguradora Magallanes S.A.
Due
: Unspecified due dates
In force : Annual
Risks : Fire
& robbery.
Objetive : Installations and
merchandise.
General
Manager : Dov Glasner
Spielman
Legal
Structure :
Private Stock Company
Constitution date :
17/07/1991
Notary : Andrés Rubio Flores, Santiago
Term of duration :
Indefinite
Legal Address : Santiago - Chile
Published in : Official Gazette dated 31/07/1991
page Nº 10
Current Social Capital: 000's$ 150.-Divided to 1.500.- registered shares
unique series
Social Initial Capital: 000's$ 150.-
Shareholder : 2
- 50,00% Dov Glasner Spielman
- 50,00% Gamal Ricardo Tuane Valenzuela
Administration is held by General Manager.
Miss. Susan Guerra, General
Manager Assistant, submitted just general information, declined financial
statements according to policies of the company.
-Other outside information sources.
Exchange rate
-As at 21/08/2013 $ 516,38 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
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.