MIRA INFORM REPORT

Report No. :	351702
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	IMPORTADORA SANTA BEATRIZ SPA
Registered Office :	Santa Maria 274, Santiago
Country :	Chile
Date of Incorporation :	1987
Legal Form :	Sociedad Por Acciones
Line of Business :	The company is dedicated to the sale of safety clothes and items.
No. of Employee :	14

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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
Comments:	The name of the company is Importadora Santa Beatriz Spa and address is Santa María 274. On the order, the name of the company was mixed with the address.
Legal Name:	IMPORTADORA SANTA BEATRIZ SPA
Trade Name:	ISB
RUT:	76170323-4
Date Created:	1987
Date Incorporated:	18/10/2011
Legal Address:	Santa Maria 274
	Santiago
	Chile
Operative Address:	Santa Maria 274
	Santiago
	Chile
Telephone:	2 531 4745
Fax:	2 531 4745
Legal Form:	SOCIEDAD POR ACCIONES
Email:	ventas@importadorasantabeatriz.cl
Registered in:	Chile
Website:	www.isb.cl
	www.importadorasantabeatriz.cl
Contact:	Jesus Jose Antonio Dieguez Rojas, General Manager
Staff:	14
Activity:	Industrial Security Items
BANKS
Banco Santander Río S.A.
The company does not make its banking data public
History
The company was established in 1987
PRINCIPAL ACTIVITY
The company is dedicated to the sale of safety clothes and items.
Products/Services description:	Shoes
	Trainers
	Coats
	Clothes
	Gloves
	Headscarf
	Glasses
	Abrasive
	Ear Plugs
Brands:	KINGS
	SAFEX
	ALCE
	ROCK
	AIR
	MAN SAFETY
	INOXER
Sales are:	Wholesale
Clients:	Mining, retail and hardware, construction and assembly services, forestry, among others.
Suppliers:	Alternativas Ganaderas Srl
	Paraguay
Operations area:	National
The company imports from	Paraguay
The company exports to	No exports
The subject employs	14 employees
Payments:	Unknown
LOCATION
Headquarters :	Santa Maria 274
	Santiago
	Chile
Branches:	The company does not have branches
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. Jesus Jose Antonio Dieguez Rojas is one of the shareholders.
Management:	Jesus Jose Antonio Dieguez Rojas, General Manager
FINANCIAL INFORMATION
This is a private company which does not make its financials public.
There are no financial for the subject
LEGAL FILINGS
There are no legal issues regaridng the subject
SUMMARY
The company is dedicated to the sale of safety clothes and items.
It has 4 years from incorporation in the market and a small sized structure.
It mainly imports from Paraguay and operates nationally.
The company is active in business without negative.

RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Nicol
POSITION	Administrative
COMMENTS	She confirmed address, activity, clients and brands.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
CLP	1	Rs. 0.094

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAS
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
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%)

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