MIRA INFORM REPORT

 

 

Report Date :

23.04.2014

 

IDENTIFICATION DETAILS

 

Name :

ARTURO TRENTINI Y CIA LTDA.

 

 

Registered Office :

Calle Capuchino 637, Santiago XIII Región Metropolitana

 

 

Country :

Chile

 

 

Date of Incorporation :

01.01.1993

 

 

Com. Reg. No.:

No. 12827, Page 21924

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importation and commercialization of hardware items and other products as well as businesses.

 

(We tried to confirm / obtain the detailed activity but the same is not available from any sources.)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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 of goods and services 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 2013, 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. 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


IDENTIFICATION

CORRECT COMPANY NAME

ARTURO TRENTINI Y CIA LTDA.

TRADE NAME

TRENTINI

TAXPAYER REGISTRATION

RUT 797568309

MAIN ADDRESS

Calle Capuchino 637, Santiago

DEPT/PROV/REGION/STATE

XIII Región Metropolitana

COUNTRY

CHILE

TELEPHONE

(562) 26987987

CORPORATE E-MAIL

ventas@trentini.cl

WEB

www.trentini.cl  (under construction)

COMMENTS

 

 

Other email: administracion@trentini.cl 
 
No telephone number was given on your order.

 

 

EXECUTIVE SUMMARY

Date of foundation

1993

Capital stock

Ps$.599,680,000.= Pesos

Disposition

Poor. Very few information was given. Politely.

Payments policy

Without rating (No payment experience traced)

Number of times that this company was required: 2

 


LEGAL STRUCTURE

LEGAL STATUS

Limited Liability Company

 

 

DATE OF INCORPORATION

01JAN1993

PLACE OF REGISTRY

Santiago

 

 

NOTARY OFFICE

N°36 - Sergio Carmona Barrales

DURATION

Perpetual

REGISTRATION

No. 12827, Page 21924

 

 

INITIAL CAPITAL

Ps$.16,000,000.= Pesos

 

 

CURRENT PAID-IN CAPITAL

Ps$.599,680,000.= Pesos

LAST CAPITAL INCREASE

2010

CURRENT EXCHANGE RATE (US$)

Ps$.555.54 per USD.1.00

 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

TRENTINI OSORIO, ARTURO FRANCISCO

General Manager

98.00%

BARRIOS RODRIGUEZ, JORGE

Adm. & Finance Manager

TRENTINI JAIMES, CATALINA CONSTANZA

Shareholder

1.75%

TRENTINI JAIMES, VANESSA STELLA

Shareholder

0.25%

 

WHO IS WHO?

TRENTINI OSORIO, ARTURO FRANCISCO

TITLE

General Manager

NATIONALITY

Chilean

ID

CI 63422983

 

BUSINESS

SIC Classification
P - MATERIALES PARA LA CONSTRUCCION- FERRETERIA (Materiales para la construccion, cemento, yeso, arena, fierro de construccion, ferreteria, tuberia, ladrillos & pinturasc)

Main activity

Importation and commercialization of hardware items and other products as well as businesses.

 

OPERATIONS

Import

Yes

Country

China, Czech Republic, Spain, Mexico, Germany

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2014

31,711.79

2013

3,001,645.57

2012

3,313,822.08

2011

2,464,303.28

2010

2,341,216.71

2009

1,938,167.46

Export

No

SELLING TerritorY

Domestic market

LOCATION

PREMISES

Own Settled

OTHER PREMISES

Headquarters operate at the above address.
They moved to this address in July 2013 because its old premises (Calle Andes 3380 Quinta Normal - Santiago, Chile) caught fire almost entirely.

Comments

 

Sales are made in cash and on a credit basis. Terms vary depending on the sales volume and customers.

 

FINANCIAL INFORMATION

Disposition

Poor. Very few information was given. Politely.

Interviewee(s)

Lorena Farfan

Position(s)

Administrative Assistant

Information provided

Mr. Farfan provided general partial information as he had not been authorized. He also suggested us to reveal the name of the requesting party. Additional information was obtained from third-party sources.

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

FAIR
Although no balance sheets were available, it should be mentioned that this is a medium-infrastructure company, it operates under a stable trend. No restraints were reported.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Note : Other suppliers did not provide information or could not be consulted

Supplier

Country

PROCASE LTDA

CHILE

INDUSTRIAS QUIMICAS LOWENBERG SL

SPAIN

BOSCH

GERMANY


CREDIT BUREAU COMMENTS

No restraints, claims, citations, bankruptcy, auctions, cancellation of accounts or payments in arrears were found against the Company.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.71

UK Pound

1

Rs.102.04

Euro

1

Rs.83.77

 

INFORMATION DETAILS

 

Analysis Done by :

sub

 

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.