MIRA INFORM REPORT
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Report No. : |
332363 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
COFASEG CHILE S.A |
|
|
|
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Registered Office : |
Avenida Carlos Valdovinos 1520 San Miguel Santiago |
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|
|
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Country : |
Chile |
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Year of Incorporation : |
2002 |
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|
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Legal Form : |
Sociedad Anónima |
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|
|
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Line of Business : |
The company is specialized in the sale of security clothes equipments
for the labour industry |
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|
|
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No. of Employees : |
5 Employees |
RATING & COMMENTS
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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 : |
Small Company |
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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Chile |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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. 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
|
Order: |
Cofaseg Chile S A |
|
Address in the order: |
AV Carlos Valdovinos 1526 San Miguel Santiago Chile |
|
Legal Name: |
COFASEG CHILE S.A |
|
Trade Name: |
COFASEG |
|
RUT: |
99524380-6 |
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Date Created: |
2002 |
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Date Incorporated: |
25/06/2003 |
|
Legal Address: |
Avenida Carlos
Valdovinos 1520 |
|
Operative Address: |
Avenida Carlos
Valdovinos 1520 |
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Telephone: |
(56-2) 2556 2266 |
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Fax: |
(56-2) 2551 8331 |
|
Legal Form: |
Sociedad Anónima |
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Email: |
|
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Registered in: |
Chile |
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Website: |
|
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Contact: |
Luis Orlando Toro Riquelme, General Manager |
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Staff: |
5 |
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Activity: |
Wholesale Sector Industry |
BANK
DATA
|
Santander Rio |
|
|
|
The company does not disclose its banking information |
HISTORY
The company started business in 2002
PRINCIPAL
ACTIVITY
|
PRINCIPAL ACTIVITY |
The company is specialized in the sale of security clothes equipments
for the labour industry. |
|
Products/Services description: |
Helmets |
|
Brands: |
DOLPHIN, BULL-DOG SAFETY,
GEOZA, |
|
Sales: |
Retail and Wholesale |
|
Clients: |
Companies |
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Suppliers: |
NA |
|
Operations area: |
National |
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The company imports from |
China, India |
|
The company exports to |
No exports |
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The subject employs |
5 employees |
|
Payments: |
No Complaints - Prepaid and payment terms up to 12 months. |
LOCATION
|
Headquarters : |
Avenida Carlos Valdovinos 1520 |
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Branches: |
The company does not have branches |
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Industry: |
Safety And Security Equipment |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
Listed at the stock exchange: |
NO |
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Capital: |
NA |
|
Shareholders %: |
This is a private company. |
|
Management: |
Luis Orlando Toro Riquelme, General Manager |
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Related Companies: |
No subsidiary companies |
FINANCIAL
INFORMATION
|
|
The company does not make its financial statements public. |
|
|
|
|
USD 2013 |
|
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Revenue |
1 700 000 |
|
|
|
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Imports US$ |
|
|
Year |
Total |
|
2013 |
US$ 1,592,393 |
|
2012 |
US$ 1,678,069 |
|
2011 |
US$ 2,184,277 |
|
2010 |
US$ 980,726 |
|
2009 |
US$ 957,346 |
LEGAL
FILINGS
There are no legal connected to the subject
SUMMARY
The company is specialized in the sale of security clothes equipments for the labour industry.
The company has a small sized structure with 5 employees and has 13 years of experience in the market.
It mainly imports from China and India and Works for companies from Chile.
It shows regular annual imports and no negative.
RISK
INFORMATION
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
INTERVIEW
|
NAME |
NA |
|
POSITION |
Administrative |
|
COMMENTS |
The person contacted confirmed address, RUT, manager and staff. He
refused to provide more data on the subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
UK Pound |
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
-- |
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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.