MIRA INFORM REPORT

 

 

Report Date :

12.11.2014

 

IDENTIFICATION DETAILS

 

Name :

PURA DECORACION LTDA

 

 

Registered Office :

Vitacura 3456 Baldwin Park, Santiago  Chile CA 91706

 

 

Country :

Chile

 

 

Date of Incorporation :

27.04.2010

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Imports and Sells of contemporary furniture and decoration objects.

 

 

No. of Employees :

5

 

 

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 :

Slow but correct

 

 

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Chile

A2

A1

 

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

Company Name and address

 

Company Name

Pura Decoracion Ltda

Address in the order:

Vitacura 3456 Baldwin Park, Santiago  Chile CA 91706

Legal Name:

PURA DECORACION Ltd.

Trade Name:

PURA DECORACION

RUT:

76095128-5

Date Created:

2010

Date Incorporated:

April 27, 2010

Legal Address:

Avenida El Coigüe 3807 Of. Of. 2 P.1 Vitacura Santiago, Chile

Operative Address:

Avenida El Coigüe 3807 Of. Of. 2 P.1 Vitacura Santiago, Chile

Telephone:

(56-2) 2361 9075

Fax:

(56-2) 2361 9075

Legal Form:

Limited Company

Email:

constanzavicent@gmail.com

Registered in:

Chile

Website:

www.puradecoracion.com (nort working)

Manager:

Constanza Vicent

Staff:

5

Activity:

Furniture Store

Codes:

5712

 

 

BANKS

 

Name of the Bank:

BANCO SANTANDER

The company does not make its banking information public.

                                                            

 

HISTORY 

 

The company was incorporated in 2010.

                                                            

 

PRINCIPAL ACTIVITY   

 

This is a company that imports and sells contemporary furniture and decoration objects.

Products/Services description:

Design and Trade of Custom Furniture
Advisory in Architecture and Interior Design
Decoration Projects
Architecture Projects

Brands:

NA

 

Sales are:

Retail

 

Clients:

Mainly architects and decorators.
General Clientele

 

Suppliers:

NA

 

Operations area:

National

 

The company imports from

USA, China

 

The subject employs

5 employees

 

Payments:

Regular

                                                            

 

LOCATION    

 

Headquarters :

Calle El Coigüe, 3807 - Of. 2 P.1, Vitacura, Santiago, Chile

 

Branches:

The company does not have branches

Business Overview:

Companies in this industry sell household furniture and mattresses to consumers.

 

Household furniture sales are closely linked to home sales. Office furniture sales are linked to employment growth and new business formations. The profitability of furniture stores depends on merchandising and marketing. Small stores can co-exist with large ones by carrying special goods that appeal to a particular type of customer.

 

A typical furniture store sells living room, dining room, kitchen, and bedroom furniture, along with mattresses. Products are sometimes classified as "case goods" (wood furniture) or upholstered products. Most retail furniture stores sell a broad range of products, but some concentrate on one furniture type, such as mattresses, sofas, or office or children's furniture. Store operations involve sales management, merchandising (deciding which products to sell), inventory management, and (sometimes) credit financing.

                                                            

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES    

 

Listed at the stock exchange:

NO

 

Capital:

NA

 

Shareholders %:

Constanza Vicent, Partner
M.Ignacia Latorre, Partner

 

Management:

This is a private company owned by:

Constanza Vicent
M.Ignacia Latorre

Subsidiary Companies:

The company does not have subsidiaries

 

                                                            

 

FINANCIAL INFORMATION 

 

This is  aprivate company which does not make its financial figures public. The following information is estimated and could not be confirmed by the company.

 

 

USD 2013

 

Total Revenue

1 500 000

Cash Flow

Normal

 

 

Imports in US$

Year

Total

2013

US$ 242,810

2012

US$ 199,615

2011

US$ 256,866

2010

US$ 256,833

                                                            

 

LEGAL FILINGS  

 

There are no legal/criminal connected to the subject.

                                                            

 

SUMMARY    

 

Pura Decoración is a company that imports and sells contemporary furniture and decoration objects.

The company has 4 years of experience in the market with a small sized structure.

It is active in business and has an import average of USD 200 000 annually.

There are no negative connected to the subject, however; it has a low commercial profit with no website.

 

 

RISK INFORMATION

                                                            

Status

ACTIVE

Payments

Slow but correct

Cash

Normal

Indebtedness

Controlled

                                                            

 

CALL

 

INTERVIEWEE

Constanza Vicent

POSITION

Partner

COMMENTS

She confirmed address, and refused to provide us with any data

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.55

UK Pound

1

Rs.97.53

Euro

1

Rs.76.48

 

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.