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Report No. : |
323268 |
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Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
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Name : |
FELTREX SA |
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Registered Office : |
Calle Obispo Arturo Espinoza Campos 2587 Macul Santiago |
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Country : |
Chile |
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Year of Establishment : |
1977 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
Import and commerce of furniture items such as curtains, cushions, carpets and floors. |
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No. of Employees : |
120 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Legal Name: |
FELTREX SA |
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Trade Name: |
FELTREX |
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RUT: |
92819000-5 |
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Date Created: |
1977 |
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Date Incorporated: |
01/01/1993 |
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Legal Address: |
Calle Obispo Arturo Espinoza Campos 2587 |
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Operative Address: |
Calle Obispo Arturo Espinoza Campos 2587 |
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Telephone: |
(56-2) 2345 0500 |
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Fax: |
(56-2) 2345 0505 |
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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: |
Sergio Nudman Ancelovici, President |
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Staff: |
120 |
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Activity: |
Home Furnishing Retail |
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Status: |
Active |
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Banco Santander Rio |
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|
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The company does not make its banking data public |
The company started business in 1977
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The company is dedicated to
the import and commerce of furnitre items such as curtains, cushions,
carpetas and floors. |
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Products/Services description: |
THERMOBONDING® - NAPAS |
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Brands: |
CAMPINA |
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Sales are: |
Wholesale |
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Clients: |
FELTREX PERU SAC |
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Suppliers: |
VITROFARMA S.A. |
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Operations area: |
National and International |
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The company imports from |
Colombia, Ecuador, Argentina |
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The company exports to |
Peru, Argentina |
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The subject employs |
120 employees |
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Payments: |
Regular |
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Headquarters : |
Calle Obispo Arturo Espinoza Campos 2587 |
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Size: |
12.000 m2 |
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Branches: |
Avenida Luis Pasteur 6385, Vitacura - Santiago, RM Región |
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Industry: |
Companies in this industry sell new
home furnishings, such as decorative items, kitchen and bath products,
linens, and window treatments, from physical retail locations. Demand is driven by consumer income. Large companies compete through
volume purchasing, breadth of products, and effective merchandising and
marketing. Small companies focus on a market segment and compete through
depth of products and superior customer service. Major product categories are domestics (17 percent of sales),
decorative accessories (15 percent), and cookware (10 percent). Domestics are
towels, sheets, blankets, and table linens. Decorative accessories include
lamps, mirrors, pictures, clocks, and desk sets. Other products include
window treatments, dinnerware, glassware, and small appliances. |
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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 holders
would be Nudman family. |
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Management: |
Antonio Sisternas, Technician |
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Related Companies: |
FELTREX PERÚ S.A.C.: |
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This is a private company which does not make its financial figures
public. |
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Exports Annual FOB DOLLAR |
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2014 |
111.374 |
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2013 |
439.375 |
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2012 |
176.494 |
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2011 |
222.447 |
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2010 |
426.080 |
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Imports Annual FOB DOLLAR |
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2014 |
7.029.218 |
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2013 |
9.461.439 |
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2012 |
8.304.543 |
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2011 |
7.806.171 |
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2010 |
7.285.182 |
There are no legal connected to the subject
The company is dedicated to the import and commerce of
furniture items.
It has a large sized structure and more than 30 years of
experience in the market.
It mainly commercializes with Argentina.
The company shows no negative
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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NAME |
Juan |
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POSITION |
Sales |
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COMMENTS |
He confirmed address, president and activity. He refused
to provide financial figures for the subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.70 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
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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.