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Report No. : |
345170 |
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Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
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Name : |
CAMBIASO HONS S.A.C |
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Registered Office : |
Avenida Brasil 2492, Valparaíso, Región de Valparaíso |
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Country : |
Chile |
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Date of Incorporation : |
1875 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is a Chilean company specialized in
food and household goods products. |
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No. of Employee : |
900 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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.
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: |
CAMBIASO HONS S.A.C |
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Address in the order: |
Avenida Brasil NR 2492 Valparaiso Chile |
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Legal Name: |
CAMBIASO HNOS S.A.C. |
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Trade Name: |
CAMBIASO HNOS |
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RUT: |
91438000-6 |
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Date Created: |
1875 |
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Date Incorporated: |
30/12/1950 |
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Legal Address: |
Avenida Brasil 2492, Valparaíso, Región de
Valparaíso — Chile |
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Operative Address: |
Avenida Brasil 2492, Valparaíso, Región de
Valparaíso — Chile |
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Telephone: |
(56 32) 220 6900 |
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Fax: |
(56 32) 221 3674 |
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Legal Form: |
Private Company |
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Email: |
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Registered in: |
Chile |
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Website: |
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Contact: |
Luis Cambiaso Ropert |
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Staff: |
900 |
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Activity: |
Manufacturing Sector Industry |
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BANKS |
Banco B.B.V.A |
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In 1875, Antonio Cambiaso reaches Chile at 25
years of age from Genoa, Italy, and founded by a man named Villarino society
"Vallarino and Cambiaso," which would be dedicated to the import of
all types of products, mainly Italian manufacturing, such as olive oil, yerba
mate and tea, fruits and export of the country. |
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On June 15 2014 a
fire destroyed its main plant in Placilla, Valparaíso.6 After the disaster, the
company imported tea from Sri Lanka, and acquired new machines for packaging
in Chile |
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Cambiaso Hermanos is a Chilean company
specialized in food and household goods products. One of its most popular
products is the brand Supreme Tea. |
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Products/Services description: |
Line Tea |
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Brands: |
Some of their
various brands are: |
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Sales are: |
Wholesale |
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Clients: |
FEDCO S A |
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Suppliers: |
HANWHA L&C
CORPORATION |
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Operations area: |
National and International |
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The company imports from |
Korea, Colombia |
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The company exports to |
America |
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The subject employs |
900 employees |
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Payments: |
Regular |
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Headquarters : |
Avenida Brasil 2492, Valparaíso, Región de Valparaíso
— Chile |
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Branches: |
Kennedy 9070, Piso 4, Vitacura |
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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: |
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Management: |
Monica Cambiaso
De Canas, Director |
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This is a private company which does not make
its financials public. |
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USD 2014 |
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Revenue |
110 262 000 |
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Net Income |
6 547 000 |
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Total Equity |
991 101 000 |
There are no legal connected to the subject
SUMMARY
Cambiaso Hermanos
is a Chilean company specialized in food and household goods products. One of
its most popular products is the brand Supreme Tea. The company has recently acquired a new
brand: Adelgazul, expanding its portfolio. The company is well establihsed in the
market with more than 100 years of experience and a large sized structure. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Francesca |
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POSITION |
Administrative |
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COMMENTS |
The person contacted confirmed manager,
ownership and staff. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.11 |
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|
1 |
Rs.99.50 |
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Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
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.