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Report No. : |
328907 |
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Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
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Name : |
A & V
INVESTMENT SPA |
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Registered Office : |
Colo Colo 366
| Concepción |
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Country : |
Chile |
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Date of Incorporation : |
04.07.2014 |
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Legal Form : |
Sociedad Por
Acciones (Corporation) |
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|
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Line of Business : |
Subject is
manufacturer of recyclable material |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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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 |
|
Very High |
C1 |
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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. 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
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Legal Name: |
A & V INVESTMENT SPA |
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Trade Name: |
A & V INVESTMENT
|
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RUT: |
76355869-K |
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Date Created: |
2014 |
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Date Incorporated: |
04-07-14 |
|
Legal Address: |
Colo Colo 366 | Concepción, Chile |
|
Operative Address: |
Colo Colo 366 | Concepción, Chile |
|
Telephone: |
(56-41) 22 22 773 |
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Fax: |
NA |
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Legal Form: |
Sociedad Por Acciones (Corporation) |
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Email: |
NA |
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Registered in: |
Chile |
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Website: |
No website |
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Contact: |
Julio Aubele |
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Staff: |
4 |
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Activity: |
Recyclable Material Wholesalers |
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BANKS
Banco Santander Rio The company does not make its banking data public |
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History
The company was established in 2014 |
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PRINCIPAL ACTIVITY
The company is dedicated to the import and wholesale
of metal scrap. |
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Products/Services description: |
Metal Scrap |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
CODELCO - Corporación Nacional del Cobre , Chile |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
Mexico |
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The company exports to |
Latin America |
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The subject employs |
4 employees |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
Colo Colo 366 | Concepción, Chile |
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Branches: |
The company does not have branches |
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Industry: Companies in this industry engage in wholesale
distribution of automotive scrap, industrial scrap, and other recyclable
materials. Demand from the steel, auto, and construction
industries drives the scrap metal wholesaling industry. The profitability of
individual companies depends on cultivating relationships with suppliers and
buyers. Most companies are small and compete by specializing in one type of
material in their local market. Large companies have economies of scale in
purchasing equipment and transportation. Major sources of revenue are ferrous metal scrap
(iron and steel), which accounts for about 45 percent of sales, and nonferrous
metal scrap (mainly aluminum, copper, copper alloys, lead, and zinc), which
accounts for about 35 percent. Other sources of revenue include recyclable
paper, plastics, and textiles. The industry processes about 135 million tons
of material annually, including 75 million tons of ferrous metals; 50 million
tons of paper; 8 million tons of nonferrous metals; 3.5 million tons of
electronics; 1 million tons of plastics (PET and HDPE bottles); and 100
million tires. Almost all old cars are recycled, along with 90 percent of
appliances, 70 percent of newspaper, and 30 percent of glass containers,
according to the Institute of Scrap Recycling Industries. |
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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 |
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Shareholders: |
This is a private company. Major holder is Julio
Aubele |
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Management: |
Julio Aubele, Owner |
|
Claudia Maluenda,
Administrative |
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Related Companies: |
Julio Aubele Motors Spa. |
|
Colo Colo 366 | Concepción,
Chile |
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|
Car Dealers |
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FINANCIAL INFORMATION
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This is a private company which does not make its
financial figures public. There are no financial connected to the subject |
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LEGAL FILINGS
There are no legal connected to the subject |
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SUMMARY
|
|
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The company is dedicated to the import and wholesale
of metal scrap. It has only 1 year of experience in the market with
a small sized structure. Its main client is CODELCO a national company
dedicated to the process of copper. The owner of the company also owns a company located
at the same address dedicated to the sale of cars. |
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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 |
Claudia Maluenda |
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POSITION |
Administrative |
|
COMMENTS |
The person contacted confirmed all information
included in the report. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
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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 |
-- |
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.