|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
IMPORTADORA Y EXPORTADORA LEO LTDA. ( LEO LTDA. ) |
|
|
|
|
Registered Office : |
Manzana 9 Galpon 80 Iquique I Region De Tarapacá |
|
|
|
|
Country : |
CHILE |
|
|
|
|
Date of Incorporation : |
01.08.2001 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Import and export of textile products. |
|
|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
|
Without
Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Chile |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 more than one-third of GDP, with commodities making up some three-quarters of total exports. Copper alone provides one-third of government revenue. During the early 1990s, Chile's reputation as a role model for economic reform was strengthened when the democratic government of Patricio AYLWIN - which took over from the military in 1990 - deepened the economic reform initiated by the military government. Since 1999, growth has averaged 4% per year. 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 claims to have more bilateral or regional trade agreements than any other country. It has 59 such agreements (not all of them full free trade agreements), including with the European Union, Mercosur, China, India, South Korea, and Mexico. Over the past seven years, foreign direct investment inflows have quadrupled to some $15 billion in 2010, but foreign direct investment had dropped to about $7 billion in 2009 in the face of diminished investment throughout the world. The Chilean government conducts a rule-based countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and allowing deficit spending only during periods of low copper prices and growth. As of November 2011, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than $18 billion. Chile used this fund to finance fiscal stimulus packages during the 2009 economic downturn. In December 2009, the OECD invited Chile to become a full member, after a two year period of compliance with organization mandates, and in May 2010 Chile signed the OECD Convention, becoming the first South American country to join the OECD. The economy started to show signs of a rebound in the fourth quarter of 2009, and GDP grew 5.1% in 2010 and 6.5% in 2011. Chile achieved this growth despite the 8.8 magnitude earthquake that struck in February 2010, which was one of the top 10 strongest earthquakes on record. The earthquake and subsequent tsunamis it generated caused considerable damage near the epicenter, located about 70 miles from Concepcion - and about 200 miles southwest of Santiago.
Source
: CIA
IMPORTADORA Y EXPORTADORA LEO LTDA. ( LEO LTDA. )
Manzana 9 Galpon 80
Iquique
I Region De Tarapacá
CHILE
Telephone :
56-57-576720, 56-57-576721, 56-57-576722
Fax : 56-57-576723
E_Mail :
osvaldo.vivar@leosanjuan.cl / juan.reyes@leosanjuan.cl
Web Site :
www.leosanjuan.cl
Started
: 2001
Total
Employees
: 12
Payments : See Commercial Record
Capital :
000's$ 6.000.-
Sic(s) : 5131
Line of Business: Import and export of textile products.
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
Commercial Bulletin : As at 28/01/2013 subject registers protested
bills in
the commercial information
bulletin
Detail of Protests
Date :
14/03/2008
Note : Check
Value : Ch$
70.856,00
Bulletin : 0 Página : 0
Drawer : Santander Chile
City : Iquique
Date :
06/03/2008
Note : Check
Value : Ch$
339.859,00
Bulletin : 0 Página : 0
Drawer : Santander Chile
City : Iquique
Date :
22/02/2008
Note : Check
Value : Ch$
245.960,00
Bulletin : 0 Página : 0
Drawer : Santander Chile
City : Iquique
Labor Bulletin : As
at 28/01/2013 does not register work infringements
Previsional Bulletin : As at 28/01/2013 does not
register social security infringements
Consolidated delinquency : As at 28/01/2013, subject registers the following
delinquent bills
Detail of Delinquent Debts
Date : 07/06/2011
Note : Invoice
Value : Ch$ 50.079,00
Drawer : Entel S.A.
City : -
Date : 09/05/2011
Note : Invoice
Value : Ch$ 50.467,00
Drawer : Entel S.A.
City : -
Date : 10/03/2011
Note : Invoice
Value : Ch$ 49.155,00
Drawer : Entel S.A.
City : -
Date : 07/02/2011
Note : Invoice
Value : Ch$ 50.642,00
Drawer : Entel S.A.
City : -
Date : 08/07/2011
Note : Invoice
Value : Ch$ 50.218,00
Drawer : Entel S.A.
City : -
Date : 21/01/2011
Note : Invoice
Value : Ch$ 89.365,00
Drawer : Entel S.A.
City :
-
Date : 07/01/2011
Note : Invoice
Value : Ch$ 44.638,00
Drawer : Entel S.A.
City : -
Date : 07/04/2011
Note : Invoice
Value : Ch$ 49.725,00
Drawer : Entel S.A.
City : -
Subject registers 15 Invoice amounting Ch$ 1.079.325 did not publish details.
Do not trade with domestic suppliers
The account holder credit report reflects no social security and/or work
infringements as of the date of this report.
Registers 3 protests of documents and 15 delinquent payments.
During the last 6 months, the account holder credit history shows 0 credit
review inquiry.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in June 2011
The local delays in payment average 0-1 month.
Line of Business : Import and export of textile products.
Classification according to commercial activity:
Sic: 5131-0000 Piece goods and notions
-0100 Piece goods and other
fabrics
-0121 Yard goods, woven
-0115 Rayon fabrics
Subject is considered as a large company in this line of business, strong
competition
Sales
Sales are steady throughout the year
100% wholesalers
International sales territory
International: 100%.
Customers
Main customers are: Foreign companies.
The 2 most important customers are:
International Customers: Paulino Monzon Condori Bolivia, Carmen Monzon
Condori Bolivia,
Purchases
International purchases only
International: 100%
- Imports from China and India.
Employees: 12 employees
Location
- Administration offices at Manzana 9 Galpon 80 Iquique, Chile
Branches
International
- Sales room at Av. Marisol Santa Cruz- Edificio La Primavera Block B
Piso 10
Of. 7-teléfono 591-22353908 La Paz Bolivia
RELATED COMPANIES
Subject is related with the following company:
- Costa Norte Group S.A. T A X 76160261-6
- Import. y Export. San Juan Ltda. T A X 76155090-K (same address)
FIXED ASSETS
Real estates
Subject does not register real estates
Vehicles
Subject has no vehicles
Machinery & Instalations
Used equipment
- Equipments , warehouse , electric transpallet for double pallets
and office installations .
INSURANCES
Subject is insured, but name of insurance company is not disclosed
Cover for goods in transit and against all risks. Hired in different companies.
General Mgr. & Partner : Juan Esteban
Reyes Reyes
LEGAL INFORMATION
Legal Structure :
Limited Liability Partnership
Constitution date :
01/08/2001
Notary : Francisco Yáber
Lozano, Iquique
Term of duration :
5 Year automatically renewable for equal and successive periods
Legal Address : Iquique
Published in : Official Gazette dated 11/09/2001
page Nº 24
Current Social Capital: 000's$ 6.000.-
Social Initial Capital: 000's$ 6.000.-
Partner :
- 99,00% Juan Esteban Reyes Reyes
- 1,00% Uberlinda Rosa Reyes Báez
Administration is held by General Mgr. & Partner.
Legal changes
Public Deed dated 01/02/2002, notary Sergio Yáber Simón, Iquique, published in
the Official Gazette dated 12/02/2002 page N° 32, partners were modified: Ana
María Gómez Godoy ceded 1% of her rights to Uberlinda Rosa Reyes Báez, who
joined the partnership, and 49% to Juan Esteban Reyes Reyes. Only partners are:
Juan Esteban Reyes Reyes (99%) and Uberlinda Rosa Reyes Báez (1%).
INFORMATION SOURCES
Mr. Juan Esteban Reyes Reyes, General Mgr. & Partner, submitted
the data shown in this report.
Note
The company is transferring commercial operations to related company Costa
Norte Group S.A.
-Other outside information sources.
Exchange rate
-As at 31/01/2013 $471,40 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.20 |
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 |
|
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.