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MIRA INFORM REPORT
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Report No. : |
493207 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ARTICULOS DE SEGURIDAD MASPROT SOC COMERCIAL E INDUSTRIAL LIMITADA |
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Registered Office : |
Calle Carlos Walker Martínez No. 5574, Comuna San Miguel, Región Metropolitana De Santiago |
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Country : |
Chile |
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Date of Incorporation : |
23.11.1972 |
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Legal Form : |
Commercial and Industrial Limited Company |
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Line of Business : |
The company is engaged in the manufacturing and trade of security
articles specialized in respiratory, hearing protection and safety helmets. |
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No. of Employees : |
92 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Chile |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 60% of total exports. Copper is Chile’s top export
and provides 20% of government revenue.
From 2003 through 2013, real growth averaged almost 5% per year, despite
a slight contraction in 2009 that resulted from the global financial crisis.
Growth slowed to an estimated 1.4% in 2017. A continued drop in copper prices
prompted Chile to experience its third consecutive year of slow growth.
Chile deepened its longstanding commitment to trade liberalization with
the signing of a free trade agreement with the US, effective 1 January 2004.
Chile has 22 trade agreements covering 60 countries including agreements with
the EU, Mercosur, China, India, South Korea, and Mexico. In May 2010, Chile
signed the OECD Convention, becoming the first South American country to join
the OECD. In October 2015, Chile signed 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 October 2016, those
sovereign wealth funds - kept mostly outside the country and separate from
Central Bank reserves - amounted to more than $23.5 billion. Chile used these
funds to finance fiscal stimulus packages during the 2009 economic downturn.
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 |
CONFIDENTIAL
REPORT
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COMPANY NAME |
ARTICULOS DE SEGURIDAD MASPROT SOC
COMERCIAL E INDUSTRIAL LIMITADA |
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TRADE NAME |
“MASPROT“ |
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TAX ID. TYPE |
RUT |
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TAX ID. NUMBER |
83210600-3 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle Carlos Walker Martínez No. 5574, Comuna San
Miguel |
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CITY/PROVINCE/STATE |
Región Metropolitana De Santiago |
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PHONE NUMBER(S) |
(56-2) 2498.9000 |
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FAX NUMBER(S) |
(56-2) 2498.9000 / 2521.6394 |
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EMAIL |
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WEBSITE |
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REMARKS OF
IDENTIFICATION |
Other mails: asprot@masprot.cl, abustos@masprot.cl This report was
requested as ARTICULOS DE SEGURIDAD MASPROT SOC CIN IND LTDA. Please notice
that the correct data is shown above. |
CREDIT
OPINION
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Company with a wide experience in the market and deemed to be
operating normally. It has a good volume of importations and a capital
backing. Therefore, it is considered suitable for a credit of US$100,000.00
Dollars. |
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PAYMENT |
Regular |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Commercial and Industrial Limited Company |
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INCORPORATION
DATE |
23.11.1972 |
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CITY OF
REGISTRATION |
Santiago |
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REGISTRY NUMBER |
Page 8613 No. 4356 |
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NOTARY |
Enrique Morgan Torres |
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TERM |
50 years |
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INITIAL CAPITAL |
Ps$546,787.00 Chilean Pesos |
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CURRENT CAPITAL |
PS$454,000,000 Chilean Pesos |
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DATE OF INCREASE |
11/12/2008 |
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LISTED AT STOCK
EXCHANGE |
No |
LEGAL ASPECTS.-
The company was established
on 23/11/1972 with the name CARLOS LEAN E HIJO LIMITADA and with the commercial
name INDUSTRIAL MASPROT.
On 06/08/1985, by
deed before the Notary Juan Ricardo Urrejola, it changed its name to MASCARAS PROTECTORAS
MASPROT SOCIEDAD COMERCIAL E INDUSTRIAL LIMITADA, this change was registered in
Page 12987 No. 9719.
Later, it changed its
name to the current one ARTICULOS DE SEGURIDAD MASPROT SOC COMERCIAL E
INDUSTRIAL LTDA.
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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LEAN ARRATIA, DAVID GERALD |
Legal Representative / Commercial Manager |
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EDMUINDO SALGADO |
General Manager |
90% |
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VILLA BALLARDO, HILDA |
Director |
10% |
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CASAS CORDERO, CARLOS ERIC LEAN |
Director |
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ACUÑA, SARA |
Manager Assistant |
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OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles |
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ACTIVITY |
Trade of Security Articles |
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ISIC CATEGORY |
47- Retail Trade, Except for Motor
Vehicles |
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ISIC CLASS |
4772- Retail Trade of Pharmaceutical and
Medical Products, Cosmetics and Toiletries in Specialized Stores |
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MAIN ACTIVITY |
The company is engaged in the manufacturing and trade of security articles
specialized in respiratory, hearing protection and safety helmets. |
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% SALES IN CASH |
40% |
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% SALES ON
CREDIT |
60% |
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% TERRITORY OF
SALES |
domestic and foreign market |
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% DOMESTIC
PURCHASES |
20% |
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% FOREIGN
PURCHASES |
80% |
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N. OF EMPLOYEES |
92 |
LOCATION.-
ADMINISTRATIVE OFFICE and WAREHOUSE: Located at
caption address in a commercial zone of the city with easy access.
COMMENTS AS TO OPERATIONS.-
Third Party Brands: “INSPEC”, “ANSI”, “CALTEX”.
House Brands: “MASPROCITO”, “MASPROT”.
The company offers
different products such as: articles for industrial safety, industrial safety;
mask, pads, filtering element, mask, activated carbon, harness, filter,
auditory protector, shell helmet, respirator.
Main Clients:
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INDUSTRIA DE SEGURIDAD EL PROGRESO - PERU
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KUPPER
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MAX SERVICE
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NOVA SEGURIDAD
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PRODUCTOS DE SEGURIDAD INDUSTRIAL PROSEIN CIA LTDA -
ECUADOR
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SAFE SEGURIDAD
Main Competitors:
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COFASEG CHILE SA
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CORREAS Y CUEROS CROMOFLEX SAIC
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EMASEG LTDA
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MUNELEC SA
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Among others
FOREIGN
TRADE
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IMPORTS |
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YEAR |
2017 |
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AMOUNT |
US$593,204.72 |
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COUNTRIES |
China, Spain,
Argentina, Italy |
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NUMBER OF
OPERATIONS |
29 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$790,054.21 |
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COUNTRIES |
China, India, UK, Spain, USA, Italy, Sweden, Argentina |
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NUMBER OF
OPERATIONS |
28 |
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IMPORTS |
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YEAR |
2015 |
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AMOUNT |
US$568,488.99 |
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COUNTRIES |
China, India, UK, Spain, USA, Italy, Sweden, Brazil |
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NUMBER OF
OPERATIONS |
27 |
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IMPORTS |
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YEAR |
2014 |
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AMOUNT |
US$470,734.76 |
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COUNTRIES |
China, India, UK, Spain, USA, Italy, Sweden, Brazil |
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NUMBER OF
OPERATIONS |
27 |
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IMPORTS |
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YEAR |
2013 |
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AMOUNT |
US$852,234.17 |
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COUNTRIES |
China, India, UK, Spain, USA, Italy, Sweden, Brazil |
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NUMBER OF
OPERATIONS |
25 |
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EXPORTS |
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YEAR |
2017 |
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AMOUNT |
US$319,446.50 |
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COUNTRIES |
Peru, Uruguay, Colombia |
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NUMBER OF OPERATIONS |
14 |
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EXPORTS |
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YEAR |
2016 |
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AMOUNT |
US$223,056.78 |
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COUNTRIES |
Peru, Uruguay, Colombia |
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NUMBER OF OPERATIONS |
14 |
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EXPORTS |
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YEAR |
2015 |
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AMOUNT |
US$400,645.42 |
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COUNTRIES |
Peru, Uruguay, Colombia, Costa Rica, USA, Bolivia |
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NUMBER OF OPERATIONS |
18 |
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EXPORTS |
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YEAR |
2014 |
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AMOUNT |
US$645,884.47 |
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COUNTRIES |
Peru, Uruguay, Colombia |
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NUMBER OF OPERATIONS |
25 |
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EXPORTS |
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YEAR |
2013 |
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AMOUNT |
US$910,277.28 |
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COUNTRIES |
Peru, Uruguay, Colombia |
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NUMBER OF OPERATIONS |
31 |
FINANCIAL
INFORMATION
We had an interview with Ms. Sara Acuña (Manager Assistant) who only
confirmed information previously obtained.
No financials were found through external sources.
FIXED ASSETS.-
The company owns:
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Office furniture
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Computer equipment
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Tools, etc.
INSURANCE.-
No insurance policies were found.
PAYMENTS
REFERENCES
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LOCAL SUPPLIERS |
Phone Number |
Contact Name |
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ASESORIA INTEGRAL CAL TEX LIMITADA |
(56-2) 2246.0464 |
Ricardo Cumsille |
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FOREIGN
SUPPLIERS |
Country |
Phone Number |
Contact Name |
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EBAD EXPORTS PVT. LTD |
India |
(91-92) 0607.3430 |
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WALSON EXPORTS PRIVATE LIMITED |
India |
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COMMENTS OF SUPPLIERS.-
Local suppliers do
not report the company as a credit client. Purchases are made in cash.
BANKS
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Bank Name |
Country |
Phone Number |
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BANCO DE CHILE |
Chile |
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BANCO ITAÚ CHILE |
Chile |
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BANK
REFERENCES
Consulted Banks do
not provide information of its clients on grounds of confidentiality.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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CLP |
1 |
INR 0.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.