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Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
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Name : |
TALA MANRIQUEZ, CRISTIAN WILLIAM |
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Registered Office : |
Inglaterra 1436 - Independencia Santiago XIII Region Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
1983 |
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Legal Form : |
Not Available |
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Line of Business : |
Leather goods., import of promotional products and
corporate gifts. (bags, backpacks, wallets, card wallets, advertising articles). |
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No. of Employees : |
70 |
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 |
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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 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 $20.9
billion. Chile used these funds to finance fiscal stimulus packages during the
2009 economic downturn. In May 2010 Chile signed the OECD Convention, becoming
the first South American country to join the OECD.
|
Source
: CIA |
T A X :
7.515.289-2
TALA MANRIQUEZ, CRISTIAN WILLIAM
( MARROQUINERIA CTM )
Inglaterra 1436 - Independencia
Santiago
XIII Region Metropolitana
CHILE
Telephone :
56-2-27352803, 56-2-27374874
Fax : 56-2-27774248
E_Mail :
marroqctm@cristalinternet.cl
Web Site :
www.empresasctm.cl
Postal Code : 8380348
SUMMARY
Started
: 1983
Total
Employees :
70
Payments
: Prompt
Sic(s) : 3171 - 3172
Line of Business: Leather goods. Import of promotional products, corporate
gifts.-
000's
Pesos 000's US$
dollars 000's Euros
Conservative value :
68.250
136
104
Liberal value :
75.075
149
115
If additional information is received or present information is rectified, this
recommendation may be modified.
Payment Scoring = [ 100 ]
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
Commercial Bulletin : As at 28/06/2013 subject does not register protested checks,
bank drafts nor
promissory notes in the
commercial information bulletin
Labor
Bulletin : As
at 28/06/2013 does not register work infringements
Previsional Bulletin : As at 28/06/2013 does not register social
security
infringements
Consolidated delinquency : As at 28/06/2013, subject does not register any
delinquent bill
Trade references are
supplied as follows:
Detail of References
Old : Since 2007
Last purchase : 06-2013
Terms : 30 days
Payment : Prompt
Notes : checks
Credit : -
Owes : (000'sUS$) 1.300
Due : Does not Register
Paying Comments : Good
Purchase Aver. : (Monthly
000's$) 1.500
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch.
Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 1994 Prompt checks
- None
Since 1999 03-12
Prompt
checks
- -
5 years 12-05
Prompt
checks
10.000 -
10 years 12-05
Prompt current account Open -
6 years 12-05
Prompt
checks Open -
10 years 11-04
Prompt current
account Open -
5 years 10-04
Prompt
checks
10.000 6.000
6 years 11-04
Prompt
checks
Open -
During the last 6 months, the account holder credit history shows 29
credit review inquiries requested by
financial institutions, telecommunications companies, industries,
insurance 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.
Subject operates with the
following banks:
- Banco de Chile
- Banco Santander Chile
- Corpbanca
- Scotiabank Chile
Line of Business : Leather goods., import of promotional products and corporate gifts. (bags, backpacks, wallets,
card wallets,
advertising articles).
Classification according
to commercial activity:
Sic: 3171-0000 Women's handbags and purses
-9902 Purses, women's
-9901 Handbags, women's
Sic: 3172-0000 Personal leather goods
-0104 Wallets
-0102 Coin purses
-9901 Checkbook covers
-0103 Handbags, regardless of
material: men's
Commercializes:
- Business Club, Executive and office line: briefcases, folders, pencil
holders, notepad holders, etc.
- Brake Outdoor, Outdoor line: backpacks, beltbags, tents, bags, hats, youth
wallets, etc.
- Carteras CTM, Feminine line: purses, wallets, photo frames, etc.
Subject is considered as a large company in this line of business, normal
competition
Sales
Sales are steady throughout the year
90% wholesalers
10% retailers
National sales territory
Products are sold
National: 100%
Marketing of 5.000 products.
Customers
Main customers are: Institutions, army, bottling companies.
ministries,
Universities.
The 9 most important customers are:
Coca-Cola de Chile S.A., Kodak Chilena Soc. Anonima Fotografica,
Empresa
Nacional de Energia Enex S.A., Fuerzas Armadas de Chile, Nestle
Chile S.A.,
Corporacion Nacional del Cobre de Chile, Laboratorio Chile S.A.,
Abbott
Laboratories de Chile Ltda., Pfizer Chile S.A.
Purchases
Places orders with multiple suppliers
National: 60%
Purchase conditions: Cash and term payments to 30 days.
International: 40%
Purchase conditions: Cash.
Imports from China and India,
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
China
98,06 99,99
India
1,94 0,00
Historical registries
Total 2012 = 000's$ 676.768 Accumulated 2013 = 000's$ 129.457
Total 2011 = 000's$ 420.492
Total 2004 = 000's$ 29.784
Total 2003 = 000's$ 17.656
Main suppliers
- Bordados Finos Omarko
- Caimi S.A.
- Corta y Cia. Ltda., Francisco
- Igenar S.A.
- Industrias Mecanicas y Plasticas Aluplast S.A.C.E.I.
Employees: 70 employees
Location
- Industrial plant and offices at Inglaterra 1436 Independencia Santiago,
Chile, commercial area, secondary street of normal traffic,
construction in
good conditions
Branches
Subject does not have any branch
Subject does not have any related company.
FIXED ASSETS
Real estates
Subject registers real estates
- Parking lot, Brasilia 750 Box 144 Las Condes Santiago-Chile, Fiscal
value of
000's$ 2.668.-, rol Nº 1727-261
- Home, Brasilia 750 Depto. 171 Las Condes Santiago-Chile, Fiscal value
of
000's$ 97.250.-, rol Nº 1727-85
- Shops and warehouses, Inglaterra 1432 Independencia Santiago-Chile,
Fiscal
value of 000's$ 184.416.-, rol Nº 2347-25
- Parking lot, Las Pimpinelas 765 Est. 133 A Concón-Chile, Fiscal value
of
000's$ 2.192.-, rol Nº 602-327
- Shops and warehouses, Brasilia 750 Bodega 86 Las Condes Santiago-Chile,
Fiscal value of 000's$ 1.849.-, rol Nº 1727-405
- Inglaterra 1436 Independencia Santiago-Chile, Fiscal value of 000's$
72.859.-, rol Nº 2347-26
- Shops and warehouses, Las Pimpinelas 765 Bodega 29A Concón-Chile,
Fiscal
value of 000's$ 1.180.-, rol Nº 602-171
- Parking lot. Brasilia 750 Box 143 Las Condes Santiago-Chile, Fiscal
value of
000's$ 2.668.-, rol Nº 1727-260
- Home, Las Pimpinelas 765 Depto. 143 Concón-Chile, Fiscal value of
000's$
65.255.-, rol Nº 602-112
- Parking lot, Las Pimpinelas 765 Est. 132 A Concón-Chile, Fiscal value of
000's$ 2.192.-, rol Nº 602-326
- Home, Río Jachal 1585 Independencia Santiago-Chile, Fiscal value of
000's$
24.077.-, rol Nº 2337-6
Total fiscal appraisal: $456.606.121.-
Vehicles
Does not have vehicles
Machinery & Instalations
Own equipment
- Office supplies and industry .
INSURANCES
Insurance Company:
-Mapfre Cia. de Seguros Generales de Chile S.A.
ADMINISTRATION
Legal Representative :
Cristián William Tala Manríquez TAX:7515289-2 and owner
Foreign Trade Manager :
Andrew Kalar
Administration : Alfonso Mujica supervisor
CURRICULUM
Cristián William Tala Manríquez
T A
X
: 7515289-2
Civil status : Married
Birth date : 24/04/1959
-Chile
Position :
Legal Representative and owner
LEGAL INFORMATION
Legal Structure : Natural Person
Constitution date : 1983
Term of duration : Indefinite
Legal Address : Santiago - Chile
Owner :
- 100,00% 7515289-2 Cristián William Tala Manríquez
Power of attorney held by Legal Representative and owner.
INFORMATION SOURCES
On 02/07/2013 Mr. Andrew Kalar, Foreign Trade Manager, declined financial
figures, however, submitted just general information.
-Other outside information sources.
CREDIT RECOMMENDATION
Credit recommendation amounts are assigned according to criteria usually used
in the commercial credit evaluation.
The amounts are based on the risk percentages'assignment to the following
indicators: Trade references, number of employees, legal structure,
protested bills, labor & welfare infringements, unpaid bills, operations,
insurances, net profit, net worth, working capital and liquidity variations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.90.78 |
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Euro |
1 |
Rs.77.81 |
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.