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Report No. : |
349775 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIANCARDI Y COMPANIA LIMITADA |
|
|
|
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Registered Office : |
Esq Blanca 811, Santiago, Región Metropolitana |
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|
|
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Country : |
Chile |
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|
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Year of Establishment : |
1937 |
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|
|
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Manufacturing of Textile Industry |
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|
|
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No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 |
|
Very High |
C1 |
|
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
|
|
|
Order: |
BIANCARDI Y
COMPANIA LIMITADA |
|
Address in the order: |
SANTO DOMINGO
3677 QUINTA NORMAL SANTIAGO |
|
Comments: |
The address
provided corresponds to the storage, which is next to branch: Outlet Santo Domingo
Santo Domingo #3705, Quinta Normal |
|
Comments: |
This address
correspond to one of its branches. |
|
Legal Name: |
BIANCARDI Y
COMPANIA LIMITADA |
|
Trade Name: |
Toallas Lourdes
Ltda. / Eduardo Biancardi y Cia. Ltda. |
|
RUT: |
80111600-0 |
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Date Created: |
1937 |
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Date Incorporated: |
01/01/1993 |
|
Legal Address: |
Esq Blanca 811,
Santiago, Región Metropolitana, Chile |
|
Operative Address: |
Esq Blanca 811,
Santiago, Región Metropolitana, Chile |
|
Telephone: |
56-2-27155330 |
|
Fax: |
56-2-27155330 |
|
Legal Form: |
Limited Company |
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Email: |
|
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Registered in: |
Chile |
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Website: |
|
|
Contact: |
Cristian Meynet
Stagno, General Manager |
|
Staff: |
100 |
|
Activity: |
Textile
Manufacturing Industry |
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|
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BANKS
|
|
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Banco Santander
Rio |
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The company
does not make its banking data public |
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|
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|
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History
|
|
|
The company was
founded in 1937 |
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|
|
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PRINCIPAL ACTIVITY
|
|
|
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The company is
dedicated to the manufacture and commerce of textile finished products. |
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Products/Services description: |
Bata Bathroom
Accessory |
|
Brands: |
CLIENTE
FELIZ |
|
Sales are: |
Wholesale |
|
Clients: |
Falabella,
Sodimac, Ripley |
|
Suppliers: |
ITEMA
(SWITZERLAND) LTD. |
|
Operations area: |
National |
|
The company imports from |
Hong Kong,
India, Pakistan, Switzerland and Singapore |
|
The company exports to |
No exports |
|
The subject employs |
100 employees |
|
Payments: |
No Complaints |
|
|
|
|
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LOCATION
|
|
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Headquarters : |
Esq Blanca 811,
Santiago, Región Metropolitana, Chile |
|
Branches: |
Lourdes Maison
Vespucio |
|
|
|
|
|
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
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Capital: |
NA |
|
Shareholders: |
This is a
private company. Major holder are: |
|
Management: |
Cristian Meynet
Stagno, General Manager |
|
|
|
|
|
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FINANCIAL INFORMATION
|
|
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This is a private
company which does not make its financials public.The following information
has been provided by our private sources: |
|
|
|
|
|
|
It approximately produces between 100 to 150,000 units per month, which
are distributed to major retail in the country, specialist shops and
customers who have used these products from generation to generation. |
|
|
|
|
USD 2014 |
|
|
Revenue |
15 000 000 |
|
Cash Flow |
Good |
|
|
|
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Exports |
|
|
2011 |
495 |
|
2009 |
234.167 |
|
2008 |
93.285 |
|
2007 |
154.912 |
|
2006 |
133.635 |
|
|
|
|
|
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LEGAL FILINGS
|
|
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There are no
legal connected to the subject |
|
|
|
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SUMMARY
|
|
|
The company is dedicated
to the manufacture and commerce of textile finished products. |
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|
|
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RISK INFORMATION
|
|
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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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INTERVIEW
|
|
|
NAME |
Julio |
|
POSITION |
Sales |
|
COMMENTS |
He confrmed
address, managers, staff and activity. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
-- |
|
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.