MIRA INFORM REPORT

Report No. :	304905
Report Date :	07.02.2015

IDENTIFICATION DETAILS

Name :	SOC COMERCIAL DE MARKETING RELACIONES PUBLICAS Y PROMOCIONES M&V LTDA
Registered Office :	Americo Vespucio 2880,Of.304,Conchali,Santiago Chile Contact Person Patricia
Country :	Chile
Date of Incorporation :	26.09.2003
Legal Form :	Limited Company
Line of Business :	Import and wholesale of pharmaceutical products
No. of Employees :	25

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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

Company name

Legal Name:	SOC COMERCIAL DE MARKETING RELACIONES PUBLICAS Y PROMOCIONES M&V LTDA
Trade Name:	SOC COMERCIAL DE MARKETING RELACIONES PUBLICAS Y PROMOCIONES M&V
RUT:	77990830-5
Date Created:	2003
Date Incorporated:	26-09-2003
Legal Address:	AMERICO VESPUCIO 2880,OF.304,CONCHALI,SANTIAGO CHILE CONTACT PERSON PATRICIA
Operative Address:	Avenida Corte De Apelaciones 1071 Of. Vitacura Santiago Chile
Telephone:	(56-2) 2624 3870
Fax:	(56-2) 2624 3870
Legal Form:	Limited Company
Email:	NA
Registered in:	Chile
Website:	No website
Manager:	ALMARZA VASQUEZ DAVID RAMON
Staff:	25
Activity:	Pharmaceutical Products Industry
BANK
	Banco Santander Rio
	The company does not make its banking data public
HISTORY
	The company started business in 2003
PRINCIPAL ACTIVITY	The company is dedicated to the import and wholesale of pharmaceutical products
Products/Services description:	Pharmaceutical products
Brands:	XIANNINGDONGSHENGF EXOSET VINITGLOVESF AHAINTERNATIONALF
Sales are:	Wholesale
Clients:	Distributors, pharmacies
Suppliers:	FUZHOU BOYUAN TEXTILES CO.LTD. China
Operations area:	National
The company imports from	China and India
The company exports to	No exports
The subject employs	25 employees
Payments:	Regular
LOCATION
Headquarters :	Avenida Corte De Apelaciones 1071 Of. Vitacura Santiago Chile
Branches:	The company does not have branches
Industry:
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. Despite our long search, we could not confirm major holders.
Management:	ALMARZA VASQUEZ DAVID RAMON
Related Companies:	No subsidiary companies
FINANCIAL INFORMATION
	This is a private company which does not make its financial figures public. The following information has been provided by outside sources.
USD 2013
Revenue	3 500 000
Cash Flow	Normal
Imports in US$
Year	Total
2013	US$ 2,021,236
2012	US$ 1,409,458
2011	US$ 872,601
2010	US$ 232,501
2005	US$ 107,544
LEGAL FILINGS
	There are no legal connected to the subject
SUMMARY
	The company is dedicated to the import and wholesale of pharmaceutical products. The company has 11 years of experience in the market. It has a quite low commercial profile without website or commercial appearance. The company's imports have increased in 2013. However, there are no of importing in 2014. This may be due to an unapdated registry. The company is active without negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
ENTERVIEW
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.61.74
UK Pound	1	Rs.94.65
Euro	1	Rs.70.79

INFORMATION DETAILS

Analysis Done by :	SUB
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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.