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Report No. : |
338716 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
IMPORTADORA Y EXPORTADORA PARAMOUNT CHILE
LTDA |
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|
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Registered Office : |
Manzana 9 S/N Galpón 25, Recinto Amurallado, Iquique |
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Country : |
Chile |
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Date of Incorporation : |
20.06.2001 |
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Legal Form : |
Limited Company |
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Line of Business : |
The company is located within a mall and is
dedicated to the retail of different products, including technology items,
clothes. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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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.
|
Source
: CIA |
STATUTORY INFORMATION
|
|
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Legal Name: |
IMPORTADORA Y EXPORTADORA PARAMOUNT CHILE
LTDA |
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Trade Name: |
Mall ZOFRI |
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RUT: |
77597120-7 |
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Date Created: |
2001 |
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Date Incorporated: |
20/06/2001 |
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Legal Address: |
Manzana 9 S/N
Galpón 25, Recinto Amurallado |
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Operative Address: |
Modulo 208,
Mall Zofri |
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Telephone: |
(56-57) 239 1933 / 56 57 232 2013 |
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Fax: |
(56-57) 239 1933 |
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Legal Form: |
Limited Company |
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Email: |
NA |
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Registered in: |
Chile |
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Website: |
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Contact: |
Harish Mohandas Lakhayani |
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Staff: |
4 |
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Activity: |
Wholesale Sector |
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BANKS |
Banco Santander Rio |
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The company does not make its banking data
public |
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History: |
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The company started business in 2001 |
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PRINCIPAL ACTIVITY
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|
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The company is located within a mall and is
dedicated to the retail of different products, including technology items,
clothes. |
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Products/Services description: |
blankets |
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Brands: |
NA |
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Sales are: |
Retail and Wholesale |
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Clients: |
CHOQUE
ANCHAPURI JOSE LUIS |
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Suppliers: |
ZHUJI CITY
SHIJIA TEXTILE FACTORY |
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Operations area: |
National and International |
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The company imports from |
Asia |
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The company exports to |
Ecuador |
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The subject employs |
4 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Modulo 208,
Mall Zofri |
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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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Market Value: |
NA |
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Shareholders: |
This is a private company. We could not
confirm major holder. |
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Management: |
Harish Mohandas Lakhayani, Legal
Representative |
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FINANCIAL INFORMATION
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|
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There are no financial connected to the
subject. |
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LEGAL FILINGS |
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Background of
the Judgment |
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The company was fined on 20-05-2014 for
failure to comply with legal requirements. |
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The Financial Analysis Unit (UAF) sanctions
applied to 184 individuals and companies during 2014, for violating
anti-money laundering regulations in force active in the country. Executory
resolutions include warnings to fines totaling 2,374 UF. |
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SUMMARY
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The company is located within a mall and is
dedicated to the retail of different products, including technology items,
clothes. The company has 14 years of experience in
the market, with a small sized structure. There are negative againts the subject; a
lawsuit filed againts it and a fine imposed by local government. Despite our several attemps, we could not
contact the company via telephone. |
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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 |
|
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite our several attemps, we could
not contact the company via telephone. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.23 |
|
|
1 |
Rs.101.23 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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.