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Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
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Name : |
GARCIA NUÑEZ ALDO JOSE RAUL |
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Registered Office : |
Eliecer Parada 2258 –
Providencia, Santiago, XIII Region Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
01.01.1993 |
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Legal Form : |
Natural Person |
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Line of Business : |
Factory of clothes and import of fabrics. |
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No. of Employees : |
Not Available |
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
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Source
: CIA |
GARCIA
NUÑEZ ALDO JOSE RAUL
Eliecer Parada 2258 - Providencia
Santiago
XIII Region Metropolitana
CHILE
Telephone : 56-2-28803658
Web Site : www.pro-safe.cl
Started
: 1993
Payments
: Prompt
Line of Business: Factory of clothes. Import of fabrics.
EVALUATION
Interpretation at the end of the report.
Credit Recommendation
A credit recommendation is not possible because the information obtained from
the investigation and the credit risk are below the parameters.
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 27/08/2013 subject
does not register protested
checks, bank drafts nor promissory notes in the
commercial information bulletin
Labor Bulletin : As
at 27/08/2013 does not register work infringements
Previsional Bulletin : As at 27/08/2013 does not
register social security
infringements
Consolidated delinquency : As at 27/08/2013, subject does not register any
delinquent bill
During the last 6 months, the account holder credit history shows 3 credit
review inquiries requested by financial institutions, telecommunications
companies, consulting agencies.
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 bank:
- Scotiabank Chile
OPERATIONS
Line of Business : Factory of clothes and import of fabrics.
Subject is considered as a small company in this line of business, strong
competition
Sales
Services keep steady throughout the year
100% wholesalers
Local sales territory
Products & services are sold
National: 100%.
Sales conditions: Cash.
Customers
Main customers are: Line of business' distributors.
Purchases
International purchases only
International: 100%
Purchase conditions: Cash.
Imports from China and India.
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
India
67,12 81,57
China
32,88 18,42
Total 2012 = 000's$ 190.255
Accumulated 2013 = 000's$ 169.444
Historical registries
Total 2012 = 000's$ 190.255 Accumulated 2013 = 000's$ 169.444
Employees: Number of employees unknown
Location
- Administration offices at Eliecer Parada 2258 Providencia Santiago,
Chile,
residential area, secondary street of normal 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
Machinery & Instalations
Equipments and machinery, not specified
INSURANCES
Subject is not insured.
ADMINISTRATION
Legal representative & : Aldo Jose Garcia Nuñez TAX:5121708-
Owner
LEGAL INFORMATION
Legal Structure : Natural Person
Constitution date : 01/01/1993
Term of duration : Indefinite
Legal Address : Santiago - Chile
Owner :
- 100,00% 5121708-K Aldo Jose Garcia Nuñez
Administration is held by Legal representative & Owner.
INFORMATION SOURCES
On 28/08/2013 Mr. Aldo Jose Garcia Nuñez, Legal representative &
Owner,
declined all information, outside sources provided general information.
-Other outside information sources.
Exchange rate
-As at 30/08/2013 $ 511,65 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.86 |
|
|
1 |
Rs.102.50 |
|
Euro |
1 |
Rs.87.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.