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Report No. : |
342934 |
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Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SOCIEDAD COMERCIAL CHINITA LIMITADA |
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Registered Office : |
Calle Chorrillos 350, 4650000 Angol, Araucanía |
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Country : |
Chile |
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Date of Incorporation : |
22.06.2011 |
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Legal Form : |
Company Limited |
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Line of Business : |
The company is
dedicated to the sale of consumer goods. (Bleaching preparations and other substances for laundry use; cleaning, polishing, scouring and abrasive (abrasive preparations); soaps; perfumery, essential oils, cosmetics, hair lotions; dentifrices.) |
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No. of Employees : |
2 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
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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 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.
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Source
: CIA |
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Order: |
Sociadad Commercial Chinita
Limitada |
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Address in the order: |
Choriilos 350, Agnol, Chile.
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Legal Name: |
SOCIEDAD COMERCIAL CHINITA LIMITADA. |
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Trade Name: |
NA |
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RUT: |
76152003-2 |
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Date Created: |
2011 |
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Date Incorporated: |
22/06/2011 |
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Legal Address: |
Calle Chorrillos 350 |
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Operative Address: |
Calle Chorrillos 350 |
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Telephone: |
56 9 9298 1772 (not working) |
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Fax: |
NA |
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Legal Form: |
Company Limited |
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Email: |
NA |
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Registered in: |
Chile |
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Website: |
NA |
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Contact: |
Katherine Lagos |
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Staff: |
2 |
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Activity: |
Consumer Goods
industry |
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Banco Santander Rio
S..A |
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The company does not make
its banking details public |
The company started business in 2011
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The company is dedicated to
the sale of consumer goods |
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Products/Services
description: |
Bleaching preparations and
other substances for laundry use; cleaning, polishing, scouring and abrasive
(abrasive preparations); soaps; perfumery, essential oils, cosmetics, hair
lotions; dentifrices. |
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Brands: |
URUWASHI |
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Sales are: |
Retail and wholesale |
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Clients: |
NA |
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Suppliers: |
YIWU XIANGNUO COSMETICS CO.
LTD China |
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Operations area: |
National |
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The company imports from |
China |
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The company exports to |
No exports |
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The subject employs |
2 employees |
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Payments: |
No Comprantes |
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Headquarters : |
Calle Chorrillos 350 |
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Branches: |
The company does not have
branches |
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GROUP STRUCTURE AND
SUBSIDIARY COMPANIES |
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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.
We could not confirm shareholders. |
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Management: |
Katherine Lagos |
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There are no financial connected to the
subject
There are no legal records connected to the
subject
The company is dedicated to
the import and sale of cosumer goods products.
It has 4 years of experience
in the market, with a small size structure, low commercial profile and mainly
importing from Asia.
We could not contact the
company directly because of its low commercial profile and its telephone number
not working.
We suggest working with a low Credit
line.
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DEBTS |
Controlled |
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PAYMENTS |
No Comprantes |
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CASH FLOW |
Normal |
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STATUS |
Active |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Its telephone number is not
working |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.65.74 |
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UK Pound |
1 |
Rs.99.53 |
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Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.