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Report No. : |
317594 |
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Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
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Name : |
FALABELLA RETAIL SA |
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|
|
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Registered Office : |
Rosas 1665 Santha010 |
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|
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Country : |
Chile |
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Date of Incorporation : |
01.04.1999 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
Subject operates department stores, home improvement stores,
supermarkets, plaza shopping malls, and travel agencies. It provides financial
services such as multi revolving credit, insurance services, and banking
services. |
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|
|
|
No. of Employees : |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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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 – 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 |
|
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 |
STATUTORY
INFORMATION
|
|
|
Order: |
FALABELLA RETAIL SA |
|
Address in the order: |
Rosas 1665 Santha010 , Chile |
|
Legal Name: |
FALABELLA RETAIL S.A. |
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Trade Name: |
FALABELLA |
|
RUT: |
77261280-K |
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Date Created: |
1889 |
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Date Incorporated: |
01/04/1999 |
|
Legal Address: |
Calle Rosas 1664 |
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Operative Address: |
Calle Rosas 1664 |
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Telephone: |
(56-2) 2380 2000 |
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Fax: |
(56-2) 2385 9000 |
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Legal Form: |
Sociedad Anónima |
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Email: |
|
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Registered in: |
Chile |
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Website: |
www.falabella.com/falabella-cl |
|
Contact: |
Carlos Alberto Heller Solari |
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Staff: |
75 |
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Activity: |
Retail/ Banking & Telecommunications |
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|
|
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BANKS |
SANTANDER CHILE |
|
|
BBVA S.A. NY BRANCH |
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|
The company does not make its banking data public |
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HISTORY |
|
|
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Falabella Retail S.A. operates as a subsidiary of Inversiones
Falabella Ltda. |
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|
S.A.C.I. Falabella is engaged in the operation of department stores across
Latin America. It is registered as a public quoted company, traded on the
Santiago Stock Exchange under ticker symbol FALABELLA. The company was
founded in 1889. The main business office of the company is located in
Santiago, Chile. |
|
PRINCIPAL ACTIVITY |
Falabella Retail S.A. operates as a subsidiary of Inversiones
Falabella Ltda. and has an MVNO Licence. |
|
|
Falabella is a multinational chain of department stores owned by
Chilean multinational company S.A.C.I. Falabella, is the largest South
American department store. The company is involved in Retail and also banking financial services. |
|
Products/Services description: |
Clothing, footwear, accessories, bedding, furniture, jewelry, beauty
products, and housewares |
|
Sales are: |
Retail |
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Clients: |
General Clientele |
|
|
FALABELLA DE COLOMBIA S A |
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Brands: |
Falabella, Mango · Basement |
|
Suppliers: |
Redfield Group Co., Ltd. ANNESHA STYLE LTD. |
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Operations area: |
National and International |
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The company imports from |
Blangadesh, China, Spain |
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The company exports to |
Argentina, Chile, Colombia, Peru |
|
The subject employs |
75 employees |
|
Payments: |
Regular |
|
|
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LOCATION
|
|
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Headquarters : |
Calle Rosas 1664 |
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Branches: |
The company does not have branches |
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|
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
|
Shareholders %: |
Falabella Retail S.A. operates as a
subsidiary of:
|
|
Management: |
Carlos Alberto Heller Solari, President |
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Related Companies: |
Sodimac Peru SA, Hipermercados Tottus SA,
Viajes Falabella SA, Aventura Plaza SA, Malls Peru SA, Falabella de Colombia
SA, Home Let SA |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
This is a private company which does not make its financial statements
public. |
|
|
|
|
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Falabella Retail SA is endorsed by
Shearvan Corporate S.A (Offshore Company at Caribbean) |
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|
|
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Import US$ |
|
|
Year |
Total |
|
2013 |
US$ 455,850,461 |
|
2012 |
US$ 389,857,506 |
|
2011 |
US$ 415,541,173 |
|
2010 |
US$ 296,198,050 |
|
2009 |
US$ 196,825,497 |
|
2008 |
US$ 89,127,328 |
|
|
|
|
Export US$ |
|
|
Year |
Total |
|
2010 |
US$ 106,103 |
|
|
|
LEGAL
FILINGS
|
|
|
|
There are no legal filings registered for the subject |
|
|
|
SUMMARY
|
|
|
|
Falabella is a multinational chain of department stores owned by
Chilean multinational company S.A.C.I. Falabella, is the largest South
American department store Falabella Retail S.A. operates as a subsidiary of Inversiones Falabella
Ltda, at the same time the latter is a subsidiary of S.A.C.I Falabella, a
multinational store chain involved also in financial services and travels
with billionaire revenues. The company is well established, supported by a large group of companies
without negative. |
|
|
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RISK
INFORMATION
|
|
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DEBTS |
M$ 23.013.261 |
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PAYMENTS |
No Complaints |
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CASH FLOW |
High |
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STATUS |
Active |
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|
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ENTERVIEW |
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NAME |
|
|
POSITION |
|
|
COMMENTS |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.