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Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TRENTINI Y CIA. LTDA. ARTURO |
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Registered Office : |
Capuchinos 637 Santiago XIII Region Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
15.10.1987 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and distribution of machinery and hardware store supplies,
spare parts and industrial safety supplies. |
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No. of Employees : |
58 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Chile |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 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 $18 billion. Chile used this fund to finance fiscal stimulus packages during the 2009 economic downturn. In December 2009, the OECD invited Chile to become a full member, after a two year period of compliance with organization mandates, and in May 2010 Chile signed the OECD Convention, becoming the first South American country to join the OECD. The economy started to show signs of a rebound in the fourth quarter of 2009, and GDP grew 5.1% in 2010 and 6.5% in 2011. Chile achieved this growth despite the 8.8 magnitude earthquake that struck in February 2010, which was one of the top 10 strongest earthquakes on record. The earthquake and subsequent tsunamis it generated caused considerable damage near the epicenter, located about 70 miles from Concepcion - and about 200 miles southwest of Santiago.
|
Source : CIA |
IDENTIFICATION
TRENTINI Y CIA.
LTDA. ARTURO
(TRENTINI )
Capuchinos 637
Santiago
XIII Region Metropolitana
CHILE
Telephone :
56-2-26987987
Fax : 56-2-26983422
E_Mail :
mnavarro@trentini.cl, pedidos@trentini.cl
Postal Code : 8350308
SUMMARY
Started : 1987
Total Employees : 58
Payments :
Prompt
Capital
: 000's$ 599.680.-
Sic(s) : 5084 - 5085
Line of Business: Import and distribution of machinery and hardware store
supplies, spare parts and industrial safety supplies.-
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value : 48.750
103
76
Liberal value :
53.625
113
84
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 06/02/2013 subject does not register
protested checks, bank drafts nor promissory notes in the
commercial information bulletin
Labor Bulletin :
As at 06/02/2013 does not register work infringements
Previsional Bulletin
: As at 06/02/2013 does not
register social security infringements
Consolidated delinquency : As at
06/02/2013, subject does not register any delinquent bill
TRADE REFERENCES
Suppliers' trade references are supplied as follows:
Detail of References
Old : Since 1994
Last purchase :
02-2013
Terms : 30 days
Payment : Prompt
Notes : checks
Credit : (000'sUS$) 5.000
Owes : (000'sUS$) 2.100
Due : Does not Register
Paying Comments : Good
Purchase Aver. : (Monthly
000's$) 1.000
Old : 10 years
Last purchase :
01-2013
Terms : 30 days
Payment : Prompt
Notes : order form
Credit : (000'sUS$) 8.000
Owes : (000'sUS$) 2.000
Due : Does not Register
Paying Comments : Good
Purchase Aver. : (Monthly
000's$) 2.500
Old : 7 years
Last purchase :
04-2012
Terms : 30 days
Payment : Prompt
Notes : invoice
Credit : -
Owes : Does not Register
Due : Does not Register
Paying Comments : Good
Amounts undisclosed according to policies of the company.
Old : 10 years
Last purchase :
06-2012
Terms : 30 days
Payment : Prompt
Notes : order form
Credit : (000'sUS$) 15.000
Owes : -
Due :
Does not Register
Paying Comments : Good
Old : Since 1994
Last purchase : 06-2012
Terms : 30 days
Payment : Prompt
Notes : checks
Credit : (000'sUS$) 5.000
Owes : -
Due : Does not Register
Paying Comments : Good
Purchase Aver. : (Monthly
000's$) 2.000
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 1989 06-12 Cash
cash
- None
Since 2008 02-12 Prompt
invoice
2.000 None
Since 1993 06-09 Prompt order
form
20.000 None
Since 1994 06-09 Prompt
checks
5.000 None
13 years 09-07 Prompt
checks
5.000
-
14 years 10-07 Prompt order
form
20.000
109
10 years 07-02 Prompt
checks
50.000
-
During the last 6 months, the account holder credit history shows 26 credit
review inquiries requested by financial institutions, consultancy agencies and
telecommunication companies.-
The account holder credit report reflects no delinquent payment history, no
protests, and no social security and/or work infringements as of the date of
this report.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in June 2011
The local delays in payment average 0-1 month.
BANKS
Subject operates with the following banks:
- Banco de Chile, branch Los Heroes
- Banco de Credito e Inversiones, branch Moneda
- Banco Santander Chile, branch Estación Central
- BancoEstado, branch Av. Brasil
OPERATIONS
Line of Business : Import and distribution of machinery and hardware store supplies, spare parts and industrial safety
supplies.-
Classification according to commercial activity:
Sic: 5084-0000 Industrial machinery and equipment
-0507 Machine tools and accessories
Sic: 5085-0000 Industrial supplies
Subject is considered as a large company in this line of business, high
competition
Sales
Sales are steady throughout the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Sales conditions: 50% cash and 50% credit.
Historical exports registered in the Customs National Services
Total 2006 = 000's$ 0 Accumulated 2007 = 000's$ 66
Not exporting currently
Customers
Main customers are: Hardware store.
Purchases
Places orders with multiple suppliers
National: 40%
International: 60%
Purchase conditions: Letter of credit and collection.
Imports from Germany, Argentina, Brazil, China, India, Mexico, Portugal and
Czech Republic.
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
Mexico
63,87 71,23
China
23,22 15,31
Germany
5,50 3,84
India
5,15 8,66
Brazil
0,90 0,25
Portugal
0,63 0,13
Argentina
0,41 0,00
Czech
Republic
0,33 0,53
Historical registries
Total 2011 = 000's$ 1.285.036 Accumulated 2012 = 000's$ 1.564.835
Total 2010 = 000's$ 1.285.036
Total 2009 = 000's$ 982.845
Total 2008 = 000's$ 1.411.873
Total 2006 = 000's$ 730.878
Main suppliers
- Bayer S.A.
- Comercial e Industrial Isesa S.A.
- Henkel Chile S.A.
- Marson Chilena S.A.
- Representaciones Industriales Ltda.
- Sociedad Odis Chile Seguridad Ltda.
- Tesa Tape Chile S A
Employees: 58 employees
Location
- Management office located at Capuchinos 637 Santiago, Chile, commercial
area,
secondary street of commercial 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
However, it was informed that the real estate located at Capuchinos 637 is
property of the company.
Vehicles
Owns vehicles for the company's use
3 vans Hyundai.
Machinery & Instalations
Equipments and machinery, not specified
INSURANCES
Subject is not insured.
ADMINISTRATION
General Manager and : Arturo Francisco Trentini
Osorio TAX:6342298-3
partner
Credit & Collections : María Cristina Trentini
Osorio TAX:7011205-1
Supervisor
Admin.& Finances : Mónica
Patricia Navarro Castro TAX:8539900-4
Supervisor
General Manager : Jessica
Carrasco Ordenes
Assistant
LEGAL INFORMATION
Legal Structure :
Limited Liability Partnership
Constitution date :
15/10/1987. Registered on leaf 21.924 N° 12.827 from the Real Estate Registry,
year 1987.
Notary :
Sergio Carmona Barrales, Santiago
Term of duration :
5 Year automatically renewable for equal and successive periods
Legal Address : Santiago - Chile
Published in : Official Gazette dated 24/10/1987
page Nº 12
Current Social Capital : 000's$
599.680.-
Partner : 3
- 98,00% 6342298-3 Arturo Francisco Trentini Osorio
- 1,75% Catalina Constanza Trentini Jaimes
- 0,25% Vanessa Stella Trentini
Power of attorney held by General Manager and partner.
Legal changes
Public Deed dated 08/05/1989, notary Sergio Carmona Barrales, Santiago, published
in the Official Gazette dated 20/05/1989 page N° 12, capital was increased:
from the initial $ 16.000.000.- to $ 37.819.785.-
Public Deed dated 23/05/1995, notary Kamel Saquel Zaror, Santiago, published in
the Official Gazette dated 06/06/1995 page N° 10, capital was increased: from $
37.819.785.- to $ 150.000.000.- divided into forementioned partners.
Public Deed dated 07/12/2010, notary Oscar Peluchonneau Cádiz, Santiago,
published in the Official Gazette dated 20/01/2011 page N° 30, partners were
modified: Vanessa Stella Trentini owner of 2%, sold, ceded and transferred
1,75% to Catalina Constanza Trentini Jaimes, who joined partnership.
Consequently, partners are: Arturo Francisco Trentini Osorio with 98%, Catalina
Constanza Trentini Jaimes with 1,75% and Vanessa Stella Trentini with 0,25%. At
the same time, it was agreed capital was increased: from $150.000.000.- to
599.680.000.-
through capitalization of funds of capital revaluation.-
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
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Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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.