|
Report No. : |
339992 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESPINOZA Y ARANCIBIA LTDA |
|
|
|
|
Registered Office : |
Calle Valentín
Letelier 1369 Santiago |
|
|
|
|
Country : |
Chile |
|
|
|
|
Date of Incorporation : |
1958 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Importer and wholesale distributor and
retailer of raw materials, tools and utensils for the refrigerator and
confectionery industries, chocolate, soda fountains, hotels, casinos and
restaurants. |
|
|
|
|
No. of Employee : |
15 |
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 |
|
Government |
Republic |
|
Currency |
100.00 USD = 62,165.47 CLP |
|
Economic Risk |
Low |
|
Order: |
ESPINOZA Y ARANCIBIA LTDA |
|
Address in the order: |
Valentin Letelier 1369, Santiago 6501070
Chile |
|
Legal Name: |
ESPINOZA Y ARANCIBIA LTDA |
|
Trade Name: |
DISA |
|
RUT: |
78055990-K |
|
Date Created: |
1958 |
|
Date Incorporated: |
01/01/1993 |
|
Legal Address: |
Calle Valentín
Letelier 1369 |
|
Operative Address: |
Calle Valentín
Letelier 1369 |
|
Telephone: |
(56-2) 2671 2923 (56-2) 2671 1278 |
|
Fax: |
(56-2) 2698 3517 |
|
Legal Form: |
Limited Company |
|
Email: |
|
|
Registered in: |
Chile |
|
Website: |
|
|
Contact: |
Gustavo Espinoza, General Manager |
|
Staff: |
15 |
|
Activity: |
Wholesale Sector Industry |
|
|
|
|
BANKS |
Banco Santander Rio S.A. |
|
|
|
|
|
The company does not disclose its banking
data |
|
History: |
|
|
|
The company was incorporated in 1958. |
|
|
Importer and wholesale distributor and
retailer of raw materials, tools and utensils for the refrigerator and confectionery
industries, chocolate, soda fountains, hotels, casinos and restaurants. |
|
Products/Services description: |
Packages |
|
Brands: |
DIABE/DIET VIDA DULCE Y SANA |
|
Sales are: |
Wholesale and Retail |
|
Clients: |
Hotels, Casinos and Restaurants. |
|
Suppliers: |
COOPERATIVA
AGRO.P.Y |
|
Operations area: |
National |
|
The company imports from |
Argentina |
|
The company exports to |
No exports |
|
The subject employs |
15 employees |
|
Payments: |
Regular |
|
Headquarters : |
Calle Valentín
Letelier 1369 |
|
Branches: |
The company does not have branches |
|
Listed at the stock exchange: |
NO |
|
Capital |
NA |
|
Shareholders: |
This is a private company. Major holder is
Gustavo Espinoza |
|
Management: |
Gustavo Espinoza, General Manager |
|
Related Company: |
Karol Reposteria y Decoración |
|
This is a private company. It does not make
its financial statements public. The following information has been provided
by outside sources. |
|
|
Imports in US$ |
|
|
Year |
Total |
|
2013 |
US$ 186,248 |
|
2012 |
US$ 287,162 |
|
2011 |
US$ 326,045 |
|
2010 |
US$ 370,901 |
|
2009 |
US$ 205,608 |
|
2008 |
US$ 134,656 |
There are no legal connected to the
subject
|
This is an importer and wholesale
distributor and retailer of raw materials, tools and utensils for the
refrigerator and confectionery industries. The company has more than 50 years of
experience in the market, with a subsidiary company and no negative. It mainly imports from Argentina and wors
for the internal market. |
|
DEBTS |
Controlled |
|
PAYMENTS |
Unknown
|
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
NAME |
NA |
|
POSITION |
Administrative |
|
COMMENTS |
She confirmed address, subsidiary,
manager and ownership. She refused to confirm more data. She asked us to
senda n e-mail. However; we have not yet received their response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.