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Report No. : |
321623 |
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Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
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Name : |
DIMERCO COMMERCIAL LTDA |
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Registered Office : |
Las Rosas 4680 Cerrillos Santiago |
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Country : |
Chile |
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Year of Establishment : |
1992 |
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Legal Form : |
Limited Company |
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Line of Business : |
The company is engaged in the import of ingredients for
the food and flavours industries. |
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No. of Employees : |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
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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 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.
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Source
: CIA |
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Order: |
Dimerco Commercial Ltda |
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Address in the order: |
Las Rosas 4680 Cerillos Santiago, Chile |
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Legal Name: |
DIMERCO COMERCIAL LTDA. |
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Trade Name: |
DIMERCO |
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RUC: |
76.193.810-K |
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Date Created: |
1992 |
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Date Incorporated: |
1992 |
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Legal Address: |
Las Rosas 4680 |
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Operative Address: |
Las Rosas 4680 |
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Telephone: |
56 2 2538 0538 |
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Fax: |
562 2538 0538 |
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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: |
Matias Berndt Alzerreca, General Manager |
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Staff: |
75 |
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Activity: |
Chemical Manufacturing Industry |
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Banco Santander Rio |
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The company does not make its banking data public |
Dimerco origins date back to 1945 when the House of Flavors Carlos Cramer Products Aromatic SACI was founded in Chile since 1939, chose to import ingredients and complementary products to its essence, in order to provide better service and expand its offering. In 1992 Dimerco SA was created as an autonomous body, both in administration and in its dependencies.
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The company is engaged in the import of ingredients for the food and flavours industries. |
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Products/Services description: |
Some ingredients: o |
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Brands: |
Wellmune® |
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Sales are: |
Wholesale |
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Clients: |
NESTLE PERU SA Peru Enologica Vason S.p.A. Italy |
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Suppliers: |
CONFOCO SA ECUADOR Ecuador ENOLOGICA VASON SRL Italy |
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Operations area: |
National and International |
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The company imports from |
Ecuador, Italy |
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The company exports to |
Europe, Latam |
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The subject employs |
75 employees |
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Payments: |
Regular |
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Headquarters : |
Las Rosas 4680 |
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Branches: |
The company does not have branches |
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Industry: |
Companies in this
industry manufacture basic, intermediate, and specialty chemicals. |
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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
would be Matias Berndt. |
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Management: |
Matias Berndt Alzerreca, General Manager |
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Related Companies: |
Subsidiary: |
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This is a private company which does not make its financial figures
public. The following data is estimated and could not be confirmed with the
company. |
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2013 USD |
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Revenue |
11 000 000 |
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Cash Flow |
Good |
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Imports FOB DOLLAR |
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2013 |
6.848.587 |
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2012 |
12.185.681 |
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2011 |
9.494.617 |
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2010 |
7.846.398 |
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2009 |
6.039.802 |
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Exports FOB DOLLAR |
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2013 |
83.793 |
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2012 |
366.864 |
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2011 |
183.286 |
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2010 |
143.517 |
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2009 |
86.649 |
There are no legal connected to the subject
The company is engaged in the import of ingredients for the food and flavours industries.
The company was created in 1992, and is connected to CRAMER Chile company.
It has a medium sized structure, with regular amounts of exports and imports and works with known brands.
There are no negative for the subject.
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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NAME |
NA |
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POSITION |
Adminsitrative |
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COMMENTS |
The person contacted confirmed address, activity and
brands. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.20 |
|
|
1 |
Rs.100.03 |
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Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.