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Report No. : |
344420 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPORTADORA Y EXPORTADORA RICHATEX LTDA |
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Registered Office : |
Manzana 3 S/N Galpón 24, Recinto Amurallado
Iquique |
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Country : |
Chile |
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Date of Incorporation : |
18.07.1997 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import and wholesale of cloth. |
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No. of Employee : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
STATUTORY
INFORMATION
|
|
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Legal Name: |
IMPORTADORA Y EXPORTADORA RICHATEX LTDA |
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Trade Name: |
RICHATEX LTDA |
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RUT: |
78962150-0 |
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Date Created: |
1997 |
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Date Incorporated: |
18/04/1997 |
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Legal Address: |
Manzana 3 S/N Galpón 24, Recinto Amurallado |
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Operative Address: |
Manzana 3 S/N Galpón 24, Recinto Amurallado |
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Telephone: |
56-257-414310 |
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Fax: |
56-257-429009 |
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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: |
Ram Harkishan Rohira |
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Staff: |
7 |
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Activity: |
Wholesale Sector Industry |
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BANKS |
Banco Santander Río SA |
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The company does not disclose its banking details |
History
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The company was founded in 1997 |
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PRINCIPAL ACTIVITY
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The company is dedicated to the import and wholesale of cloth. |
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Products/Services description: |
Products: |
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Brands: |
RICHATEX |
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Sales are: |
Wholesale |
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Clients: |
JAVIER CARLOS FERNANDEZ MAMANI |
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Suppliers: |
SHAOXING COUNTY TIANHENG |
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Operations area: |
National and International |
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The company imports from |
India, China, Pakistan, Corea de Sur, Taiwán and Hong-Kong. |
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The company exports to |
Latin America |
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The subject employs |
7 employees |
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Payments: |
Slow but
Correct |
LOCATION
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Headquarters : |
Manzana 3 S/N Galpón 24, Recinto Amurallado |
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Branches: |
The company does not have branches |
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Related Companies: |
Hong Kong Purchase Office: Richatex Limited 1205, 12/F., |
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. Major holder would be: Ram Harkishan Rohira |
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Management: |
Jorge Barrios, Accountant |
FINANCIAL INFORMATION
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This is a private company which does not make its financial public. |
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ARS 2014 |
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Revenue |
25 000 000 |
LEGAL FILINGS
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|
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There are no legal connected to the subject. |
SUMMARY
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The company is dedicated to the import and wholesale of cloth. It has 18 years of experience in the market with a small sized
structure. It mainly imports from Asia and works nationally and for South
America. There are no negative records connected to the subject. |
RISK INFORMATION
|
|
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DEBTS |
Controlled |
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PAYMENTS |
Slow but
Correct |
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CASH FLOW |
Normal |
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STATUS |
This Corporation is in Good Standing |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We tried to contact the company several times. However, we received no
response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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Report Prepared
by : |
ANK |
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 |
|
<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.