MIRA INFORM REPORT

 

 

Report Date :

23.08.2014              

 

IDENTIFICATION DETAILS

 

Name :

MINIMARKET DON HARRY LTDA.

 

 

Registered Office :

Manuel Montt 092 - 094, Providencia, 7500569, Santiago / XIII Región Metropolitana

 

 

Country :

Chile

 

 

Date of Incorporation :

01.04.2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import and sale of food products, specializing in Indian food products, such as rice, biscuits, pasta, tortillas, condiments, preserves, sweets, snacks, stickers, embellishments

 

 

No. of Employees :

3

 

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Chile

A2

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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

 

Company IDENTIFICATION

 

CORRECT COMPANY NAME

MINIMARKET DON HARRY LTDA.

 

TRADE NAME

DON HARRY MINIMARKET

TAXPAYER REGISTRATION

RUT 760534471

MAIN ADDRESS

Manuel Montt 092 - 094, Providencia

POSTAL CODE

7500569

DEPT/PROV/REGION/STATE

Santiago / XIII Región Metropolitana

COUNTRY

CHILE

TELEPHONE

(562) 29192865

CORPORATE E-MAIL

donharryminimarket@yahoo.com

WEB

www.donharry.cl

COMMENTS

 

 
Its order arrived with no phone.
 
Other phone: (56) 998879775

NOTE

 

The address on your order is an uncomplete and incorrect spelling address, the correct and complete address is as above-mentioned.

 

 

EXECUTIVE SUMMARY

 

Date of foundation

2009

Capital stock

Ps$5,000,000.= Pesos

permanent employees

3

Chief Executive

RAMESH WADHWA, DHANESH

Disposition

UNDETERMINED

Payments policy

Without rating (No payment experience traced)

 

 

REPUTATION

NOTHING AGAINST COMPANY

 

 

LEGAL STRUCTURE

 

 

LEGAL STATUS

Limited Liability Company

 

 

DATE OF INCORPORATION

01APR2009

 

 

PLACE OF REGISTRY

Santiago

 

 

NOTARY OFFICE

Juan Luis Saiz

DURATION

5 years renewable automatically

INITIAL CAPITAL

Ps$5,000,000.= Pesos

 

 

CURRENT PAID-IN CAPITAL

Ps$5,000,000.= Pesos

 

 

CURRENT EXCHANGE RATE (US$)

Ps$584.39 per USD1.00

 

 

COMMENTS

 

 
Its constitution was published in the Official Gazette on 09/04/2009, page 31.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

RAMESH WADHWA, DHANESH

General Manager

99.00%

HARESH KANAYALAL DHARAMDASANI

Partner

1.00%

 

BUSINESS History

 

SIC Classification
ALIMENTOS, BEBIDAS, AGROINDUSTRIA ALIMENTICIA, CERVEZA, (Alimentos, Agroindustria de frutas,vegetales, conservas, bebidas gaseosas, cervezas, )

Main activity

 
Minimarket. Import and sale of food products, specializing in Indian food products, such as rice, biscuits, pasta, tortillas, condiments, preserves, sweets, snacks, stickers, embellishments, among others.

O P E R A T I O N S

Import

Yes

Country

Korea, China, India and Thailand

Export

No

% DOMESTIC PURCHASES

01%

% FOREIGN PURCHASES

99%

SELLING TerritorY

100% Domestic market

EMPLOYEES

3

LOCATION

PREMISES

Undisclosed

OTHER PREMISES

 
The showroom operate at the heading address. Located on main street of high traffic, building in good condition.
It does not have other branches.

Comments

 

 
Its main customers are the general public and restaurants.

 

 

FINANCIAL INFORMATION

 

 

Disposition

Declined. For security reasons and/or competition.

Interviewee(s)

Dhanesh Ramesh Wadhwa

Position(s)

General manager

Information provided

 
The interviewee declined any information, so that the data contained in the report were obtained by extensive research on various modes of public and independent inquiry. 
 
No of balances and / or referential accounting figures.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
UNDETERMINED
We got to know that this is a small company in its field, operating in a highly competitive competition.
 
We estimate that Subject's financial Situation is INDETERMINATE, since we do not have financial statements that allow an accurate analysis of its results in its last financial year.

Property of company comments

 

 
 
REAL ESTATE: The investigated company does not register real estate under its name. 
 
VEHICLES: It has no vehicles under its own. 
 
MACHINERY AND EQUIPMENT: Equipment and additional equipment for the normal development of their activities, of which no details are specified.
 

Main fixed assets of the company (general detail)

 

 
No holds insurance policies.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

 

TRADE REFERENCES

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

 

Supplier

Country

AGRICOLA AGROSUPER S.A.

CHILE

EMBOTELLADORA ANDINA S.A.

CHILE

 


CREDIT BUREAU COMMENTS

The investigation does not figure published in the Bulletin of Commercial Information with checks, bills or notes protested. 
 
It does not record labor violations, social security offenses or delinquent debts.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.100.24

Euro

1

Rs.80.35

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.