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Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
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Name : |
MAZU Y COMPAŅIA LIMITADA, ELIAS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.05.1987 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Factory
of clothes. (Women and baby clothes, underwear, pajamas.) |
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No. of Employees : |
53 |
RATING & COMMENTS
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MIRAs 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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Chile |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 $20.9 billion. Chile used these funds to finance fiscal
stimulus packages during the 2009 economic downturn. In May 2010 Chile signed
the OECD Convention, becoming the first South American country to join the OECD
|
Source
: CIA |
MAZU Y COMPAŅIA LIMITADA, ELIAS
Buenos Aires 354 - Recoleta
Santiago
XIII Region Metropolitana
CHILE
Telephone :
56-2-27359239, 56-2-27353462
Fax : 56-2-27353462
E_Mail :
sami_mazu@hotmail.com
Web Site :
www.emazu.cl
Postal Code : 8420363
Started : 1987
Total
Employees :
53
Payments
: Prompt
Capital
:
000's$ 12.000.-
Sic(s) : 5137
Line of Business: Factory of clothings. Import and sale of fabrics. Marketing
of finished clothes and fabrics.
EVALUATION
Risk level = 3
Interpretation at the end of the report.
Credit Recommendation
000's Pesos 000's
US$ dollars 000's Euros
Conservative value
: 48.750
85
63
Liberal value
:
53.625
94
70
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial statements could not be obtained, thus financial analysis cannot be
carried out
Commercial Bulletin : As at 30/07/2014
subject does not register protested
checks, bank drafts nor promissory notes in the
commercial information bulletin
Labor Bulletin : As
at 30/07/2014 does not register work infringements
Previsional Bulletin : As at 30/07/2014 does not
register social security
infringements
Consolidated delinquency : As at 30/07/2014, subject does not register any
delinquent bill
Trade reference of the sole supplier is detailed
Detail of References
Old : Since
1998
Last purchase : 07-2013
Terms : cash
Payment : Prompt
Notes : invoice
Owes : Does not
Register
Due : Does
not Register
Paying Comments: Good
Purchase Aver. : (Bi-monthly 000's$) 6.000
Cash purchases for discount purposes.
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 1998 06-10 Prompt
invoice
30.000 None
Since 1998 02-09 Prompt
invoice
30.000 None
During the last 6 months, the account holder credit history shows 1 credit
review inquiry., requested by a company.
The account holder credit report reflects no delinquent payment history, no
protests, and no social security and/or work infringements
as of the date of
this report.
Subject operates with the following banks:
- Banco de Chile
- Banco Santander Chile
Line of Business : Factory of clothes. (Women and baby clothes, underwear,
pajamas.)
Classification according to commercial activity:
Sic: 5137-0000 Women's and children's clothing
-0501 Baby goods
-0200 Women's and children's
lingerie and undergarments
Commercializes:
- MAZUKID (NACIONAL)
- MOMMY-ME (CHINA)
Subject is considered as a medium company in this line of business, strong
competition
Sales
Sales are steady throughout the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Sales conditions: 50% cash and 50% term payments to 30-60-90-120 days with
checks and bill of exchange.
Customers
Main customers are: Line of business' distributors
Purchases
Places orders with multiple suppliers
National: 1%
International: 99%
Purchase conditions: 90% letter of credit and 10% collection.
Imports from China, Ecuador, India, Singapore and Vietnam.
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
India
62,30 30,84
Vietnam
20,96 60,71
China
10,91 8,43
Ecuador
3,02 0,00
Singapore
2,82 0,00
Historical registries
Total 2013 = 000's$ 1.319.146 Accumulated 2014 = 000's$ 400.481
Total 2012 = 000's$ 1.266.486
Total 2009 = 000's$ 1.115.324
Total 2008 = 000's$ 1.890.096
Total 2006 = 000's$ 1.987.714
Main suppliers
- Sociedad Industrial y Comercial Pyma Limitada
Employees: 53 employees
Location
- Offices located in a 1.000 m2 construction, located at Buenos Aires 354
Recoleta Santiago, Chile, commercial area, secondary street of
slow traffic,
construction in good conditions
Branches
- Warehouses of 2.400 M2 at Juarez 711, Recoleta Santiago Chile
RELATED COMPANIES
Subject is related with the following company:
- Inmobiliaria Mazu S.A. T A X 76038446-1
FIXED ASSETS
Real estates
Subject does not register real estates
It was informed that the property located at heading address and the branch
located at Juarez 711, belong to the main shareholder.
Vehicles
No data could be obtained regarding the quantity and type of vehicles
Machinery & Instalations
Own modern equipment
- Circular machines Total value US$1.000.000 approx., workshop ,
equipments ,
installations and other necessary elements .
INSURANCES
Through
-Penta Security S.A.
Hired through Insurance broker Marco Antonio Siraolo.
ADMINISTRATION
General Mgr. & Partner : Elias Alberto Mazú Poza TAX:5220812-2
LEGAL INFORMATION
Legal Structure :
Limited Liability Partnership
Constitution date :
20/05/1987. Registered on leaf 13.936 N° 8.891of Santiago
Trade Register, year 1987.-
Notary
: Público,
Santiago
Term of duration :
5 Year automatically renewable for equal and successive
periods
Legal Address : Santiago - Chile
Published in : Official Gazette dated 17/07/1987
page Nš 7
Current Social Capital: 000's$ 12.000.-
Social Initial Capital: 000's$ 12.000.-
Partner : 2
- 90,00% 5220812-2 Elias Alberto Mazú Poza
- 10,00% Bergerette De Ponson Du Terrail Schumacher
Power of attorney held by General Manager.
Legal changes
Public Deed dated 26/08/1991, notary Kamel Saquel Zaror, Santiago, published in
the Official Gazette dated 31/08/1991 page N° 19, statutes were modified: a new
text was stated indicating that the subject's business name is "Elias Mazú
y
Cia. Ltda.", its legal address is the city of Santiago and its capital
amounts
to $12.000.000. Term of duration: 5 years, automatically extendable in equal
and
successive periods.
Public Deed dated 03/10/1991, notary Kamel Saquel Zaror, Santiago, published in
the Official Gazette dated 10/10/1991 page N° 10, deed was rectified (prior
modification deed was corrected).
On 01/08/2014 Mr. Elias Alberto Mazú Poza, General Mgr. &
Partner, declined
financial figures, however, submitted the data shown in this report.
-Other outside information sources.
Exchange rate
- $ 572,61 Per US$
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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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 |
-- |
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This score serves as a reference to assess SCs 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.