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Report No. : |
315851 |
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Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ABEL ADELMO CARDENAS GALLARDO |
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|
|
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Registered Office : |
Huenao Rural S/N, Curaco De Vélez, Curaco De Vélez |
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|
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Country : |
Chile |
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Date of Incorporation : |
2005 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture and Sale of Networks for Aquaculture Industry. |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
-- |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Chile |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 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 |
STATUTORY
INFORMATION
|
|
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Legal Name: |
ABEl ADElMO CARDENAS GAllARDO |
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Trade Name: |
A.c. redes servicios acuicolas |
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RUT: |
8.608.937-8 |
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Date Created: |
2005 |
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Date Incorporated: |
2005 |
|
Legal Address: |
Huenao Rural S/N |
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Operative Address: |
Huenao Rural S/N |
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Telephone: |
56-65 253 4021 |
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Fax: |
56-65 253 4021 |
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Legal Form: |
Sole Proprietorship |
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Email: |
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Registered in: |
Chile |
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Website: |
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Contact: |
Abel Adelmo Cardenas |
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Staff: |
20 |
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Activity: |
Aquaculture Services |
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BANKS |
Banco Santander Rio |
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|
|
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The company does not make its banking details public |
HISTORY
|
|
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The company would have started business in 2005 |
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PRINCIPAL ACTIVITY |
The company is dedicated to the manufacture and sale of networks for aquaculture
industry. AC Networks currently has an output of 800,000 square meters. |
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Products/Services description: |
Networks for aquaculture |
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Brands: |
Ac Redes |
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Sales are: |
Wholesale |
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Clients: |
Invermar |
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Suppliers: |
MAERSK LINE |
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Operations area: |
National |
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The company imports from |
Peru |
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The company exports to |
No exports |
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The subject employs |
20 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
Huenao Rural S/N |
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Branches: |
The company does not have branches |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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|
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Listed at the stock exchange: |
NO |
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Capital: |
1.236.845.010 |
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Shareholders %: |
This is a private company owned by Abel Adelmo Cardenas. |
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Management: |
Julio Estuardo, Attorney |
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Related Companies: |
There are no subsidiary companies |
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FINANCIAL
INFORMATION
|
|
|
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This is a private comapny which does not make its financial figures
public. |
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|
|
|
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Despite our long search, we could not confirm major holder. |
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LEGAL
FILINGS
|
|
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AC Redes requested the 11th Civil Court of Santiago to declare Invermar the bankruptcy due
pointed, according to a number of unpaid bills by nearly $ 140 million. |
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|
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|
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11/02/2010 |
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SUMMARY
|
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AC Redes is a Chilean company working as a
sole propiertorship dedicated to the manufacture of networks for the
aquaculture industry. |
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RISK
INFORMATION
|
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DEBTS |
Controlled |
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PAYMENTS |
Slow |
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CASH FLOW |
Normal |
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STATUS |
Active |
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ENTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We tried to contact the company several times but received no
response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.92.74 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.