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Report No. : |
324106 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
CIA TRATAMIENTOS DE AGUA Y COMBUSTION LTDA |
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Registered Office : |
Camino San Pedro 9650, Parque Industrial Puerto Santiago, Pudahuel Santiago |
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Country : |
Chile |
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Date of Incorporation : |
01.01.1993 |
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Legal Form : |
Limited Company |
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Line of Business : |
Chemical Manufacturing Industry |
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No of Employees : |
20 employees |
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
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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: |
Compania de Tratamientos de Agua y Combustion Limitada |
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Address in the order: |
Camino San Pedro 9650 Parque
Industrial, Pudahuel Santiago, Chile |
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Legal Name: |
CIA TRATAMIENTOS DE AGUA Y COMBUSTION LTDA |
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Trade Name: |
COTACO |
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RUT: |
81286300-2 |
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Date Created: |
1963 |
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Date Incorporated: |
01/01/1993 |
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Legal Address: |
Camino San Pedro 9650, Parque Industrial Puerto Santiago, Pudahuel
Santiago, Chile. |
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Operative Address: |
Camino San Pedro 9650, Parque Industrial Puerto Santiago, Pudahuel
Santiago, Chile. |
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Telephone: |
(56-2) 2582 8800 |
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Fax: |
(56-2) 2582 8888 |
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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: |
Karin Kraus, General Manager |
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Staff: |
20 |
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Activity: |
Chemical Manufacturing Industry |
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BANKS |
Banco Santander Rio |
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The company does not make its banking data public |
The company was established in 1963
Cotaco operates a laboratory dedicated to physical-chemical analysis of water
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Products/Services description: |
Water purification |
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Brands: |
AQUAFLECK |
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Sales are: |
Wholesale |
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Clients: |
Cerveceria Rothhammer |
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INVERSIONES TENERIFE SAC |
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Suppliers: |
CODELINE |
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Operations area: |
National and International |
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The company imports from |
China, Peru |
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The company exports to |
Peru |
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The subject employs |
20 employees |
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Payments: |
Regular |
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Headquarters : |
Camino San Pedro 9650, Parque Industrial Puerto Santiago, Pudahuel
Santiago, Chile. |
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Branches: |
Pasaje Playa El Saladero 3347, Iquique, I
Región |
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Industry: |
Companies in this industry manufacture gases, dyes and pigments,
chlorine and caustic soda, sulfuric and nitric acids, and organic chemicals. Demand depends on the overall strength of the economy, because most
industrial chemicals are used in the manufacture of more-complicated products
like fibers, plastics, paints, and paper. The profitability of individual
companies is closely linked to efficient operations, because most products
are commodities. Big producers have large economies of scale in production,
which is why some chemicals are made by just a handful of companies. Small
companies can compete effectively by making specialized or highly-purified
products. Industrial chemicals include gases like oxygen and nitrogen, dyes and
pigments, chlorine and caustic soda, sulfuric and nitric acids, and thousands
of organic chemicals. Unlike advanced chemicals that are manufactured through
complicated chemical reactions, most industrial chemicals are made by
extraction and purification from natural substances, including minerals,
natural gas, petroleum, plants, air, and water. Oxygen and nitrogen gas are
made by freezing air, phosphates from marine deposits, ethanol by fermenting
corn, chlorine from salt water, and a large number of chemicals are made by
boiling petroleum. |
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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 are the Kraus family |
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Management: |
Karin Kraus, General Manager |
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Related Companies: |
No subsidiary comapanies |
This is a private company which does not make its financial figures public. The following information has been provided by outside sources.
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USD 2013 |
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Revenue |
2 000 000 |
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Cash Flow |
Normal |
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Imports in US$ |
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|
Year |
Total |
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2013 |
US$ 625,751 |
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2012 |
US$ 669,675 |
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2011 |
US$ 957,040 |
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2010 |
US$ 928,142 |
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2009 |
US$ 736,234 |
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2008 |
US$ 935,972 |
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Exports in US$ |
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Year |
Total |
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2013 |
US$ 109,646 |
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2012 |
US$ 60,825 |
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2011 |
US$ 43,071 |
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2010 |
US$ 7,320 |
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2009 |
US$ 10,402 |
|
2006 |
US$ 7,863 |
There are no legal connected to the subject
Cotaco operates a laboratory dedicated to physical-chemical analysis of wáter
The company has 52 years of experience in the market with a small sized structure.
The company shows no negative. Its exports and imports records show regular activity in the last years.
The company Works with well known suppliers and brands.
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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 |
Fernando |
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POSITION |
Manager |
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COMMENTS |
He
confirmed address, president, activity and branches. He refused to confirm
any further data. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.90 |
|
|
1 |
Rs. 98.16 |
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Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
DPT |
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 |
-- |
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.