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Report No. : |
355421 |
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Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPORTADORA MENTA LIMITADA |
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|
|
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Registered Office : |
Galpon 6, Manzana 16 Iquique, Iquique |
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Country : |
Chile |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import and wholesale of textile items. |
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|
|
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No. of Employee : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Chile |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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. Growth slowed to 4.2% in 2014. 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 10 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. In 2014, President Michelle BACHELET introduced tax reforms aimed at delivering her campaign promise to fight inequality and to provide access to education and health care. The reforms are expected to generate additional tax revenues equal to 3% of Chile’s GDP, mostly by increasing corporate tax rates to OECD averages.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
|
Legal Name: |
IMPORTADORA
MENTA LIMITADA |
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Trade Name: |
IMPORTADORA
MENTA |
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RUT: |
76410250-9 |
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Date Created: |
2001 |
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Date Incorporated: |
27/04/2006 |
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Legal Address: |
Galpon 6,
Manzana 16 |
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Operative
Address: |
Galpon 6,
Manzana 16 |
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Telephone: |
(56-57) 247 3748 |
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Fax: |
(56-57) 236 9038 |
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Legal Form: |
Limited Company |
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Email: |
|
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Registered in: |
Chile |
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Website: |
|
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Contact: |
Dinesh Ramchand
Samtani |
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Staff: |
4 |
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Activity: |
Wholesale Sector
Industry |
|
|
|
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Banks: |
Banco Santander
Río |
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|
|
|
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The company does
not disclose its banking details |
History
|
|
|
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Mint Importadora
Ltda was created in August 2001 by the partners Mr. Maurice Carrion and Kishore
Melwani Miranda. 2002 are integrated into our team and Mr. Dinesh Prakash
Ramchand Mohinani Samtani. Thus in May 13, 2008 an amendment to the
Constitution of Society which is as legal representative of Importadora Ltda
Mint, Mr. Dinesh Ramchand Samtani, until today is done. |
PRINCIPAL
ACTIVITY
|
|
|
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The company is
dedicated to the import and wholesale of textile items. |
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Products/Services
description: |
Towels |
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Brands: |
Importadora
Menta |
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Sales are: |
Wholesale |
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Clients: |
IMPORTACIONES
FABY SRLTDA |
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Suppliers: |
Riba Textiles
Limited |
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Operations area:
|
National and
Iternational |
|
The company imports
from |
India and Hong
Kong |
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The company
exports to |
Peru |
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The subject
employs |
4 |
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Payments: |
Unknown |
LOCATION
|
|
|
Headquarters : |
Galpon 6,
Manzana 16 |
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Branches: |
The company does
not have branches |
|
Related
Companies: |
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the
stock exchange: |
NO |
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Capital: |
NA |
|
Shareholders: |
This is a
private company. Major holder is Dinesh Ramchand Samtani. |
|
Management: |
Dinesh Ramchand Samtani,
President |
FINANCIAL
INFORMATION
|
|
|
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The company does
not make its financial statements public. |
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|
|
|
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There are no
financial for the subject. |
LEGAL
FILINGS
|
|
|
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There are no
legal connected to the subject |
SUMMARY
|
|
|
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The company is
dedicated to the import and wholesale of textile items. The company is
strategically located at Iquique for tax purposes. |
RISK
INFORMATION
|
|
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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CASH FLOW |
Normal |
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STATUS |
Active |
|
|
|
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INTERVIEW |
|
|
NAME |
NA |
|
POSITION |
NA |
|
COMMENTS |
We called the
company several times but received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
USD |
1 |
Rs.66.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.