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MIRA INFORM REPORT
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Report No. : |
506511 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GILI SPA |
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Registered Office : |
Avenida Fermin Vivaceta No 3598, Barrio Barón de Juras Reales, Conchalí Santiago |
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Country : |
Chile |
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Date of Incorporation : |
25.01.1977 |
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Com. Reg. No.: |
598 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
The company is engaged in the import export, trade and sale of sports
clothing footwear, diving articles, hunting articles, work clothing, personal
protective means, welding equipment, tools. |
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No. of Employees : |
120 |
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+ |
Low Risk |
Business dealings permissible with low
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 |
GILI SPA |
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TAX ID. TYPE |
RUT |
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TAX ID. NUMBER |
84.915.900-3 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Avenida Fermin Vivaceta No 3598, Barrio Barón de Juras Reales,
Conchalí |
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CITY/PROVINCE/STATE |
Santiago |
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PHONE NUMBER(S) |
(56-2) 2822.6000/ 2822.6057/ 2822.6011 |
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FAX NUMBER(S) |
(56-2) 2822.6000 |
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EMAIL |
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WEBSITE |
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REMARKS OF
IDENTIFICATION |
Other mails: izamora@federicogili.cl This report was requested as GILI SA and with address: Avda Vivaceta
3598 Conchali, Santiago. Please notice that the correct data is shown above. |
CREDIT
OPINION
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The company is a company with 39 years of experience in local market,
which has been operating normally. It does not register negative information
against it. Likewise, it has good working capital. |
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PAYMENT |
Regular |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Joint Stock Company |
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INCORPORATION
DATE |
25/01/1977 |
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CITY OF
REGISTRATION |
Santiago |
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REGISTRY NUMBER |
Page 1082, No. 598 |
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NOTARY |
Alfredo Astaburuaga Galvez |
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TERM |
Indefinite |
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INITIAL CAPITAL |
Ps$400,000.00 Pesos |
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CURRENT CAPITAL |
Ps$1,691,400,000.00 Pesos |
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DATE OF INCREASE |
03/06/2016 |
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TYPE OF SHARES |
Ordinary and registered |
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SHARES VALUE |
Ps$1,691.40 Pesos (each) |
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LISTED AT STOCK
EXCHANGE |
No |
LEGAL ASPECTS.-
On 25/01/1977, the company was established like FEDERICO GILI AND HIJOS
LIMITADA, before the notary Alfredo Astaburnaza Galvez.
On 01/02/1977, the public deed is registered in page 1082, number 598 in
the Registries of Commerce of Santiago de Chile.
Later, it changed its nama from "FEDERICO GILI E HIJOS
LIMITADA" to "FEDERICO GILI AND COMPANY LIMITED".
On 14/11/2014, before notary Eduardo Avello Concha, it changed its name
to "GILI SA" and became a Stock Company.
On 06/30/2016 before notary Eduardo Avello Concha, the company was
transformed to a Joint Stock Company with the name GILI SPA, registered on
pages 41245, No. 22635.
The company is in a process of changing its legal status before the
Internal Revenue Service (SII) from stock company (SA) to joint-stock company
(SPA).
Founder shareholders were Mr. Federico Gili Montal and Mr. Fererico Gili
Ventura.
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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GILI VENTURA, MARIA DEL CARMEN |
General Manager / Shareholder |
19% |
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GILI VENTURA, MONSERRAT |
Director / Shareholder |
19% |
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GILI VENTURA, MARIA ANGELICA |
Director / Shareholder |
19% |
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GILI VENTURA, MARGARITA |
Director / Shareholder |
19% |
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GILI VENTURA, FEDERICO |
Director / Shareholder |
19% |
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DE LA BARRA GILI, DIEGO |
Commercial Manager / Director / Shareholder |
5% |
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ELGHANAYAN S., DAVID |
Sales Manager |
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GILI B, JOSÉ |
Big Business Manager |
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ROJAS C., CLAUDIO |
Big Surfaces Chief |
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ROJAS C., CLAUDIO |
Proxy |
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VALDIVIA, CLAUDIA |
Finance Chief |
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VALENZUELA V., MARCO A. |
Operations Chief |
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DATA
OF BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
GILI VENTURA, MARIA DEL CARMEN
Chilean - ID: 3715856-4
GILI VENTURA, MONSERRAT
Chilean - ID: 3808136-5
GILI VENTURA, MARIA ANGELICA
Chilean - ID: 4663123-9
GILI VENTURA, MARGARITA
Chilean - ID: 4816003-4, Sociologist
GILI VENTURA, FEDERICO
Chilean - ID: 5544410-2, Surgeon
DE LA BARRA GILI, DIEGO
Chilean - ID: 10024351-2, Business Engineer
OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Motor Vehicles and Motorcycles |
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ACTIVITY |
Sale of Sports Clothing |
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ISIC CATEGORY |
46- Wholesale Trade, Except for Vehicles and Motorcycles |
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ISIC CLASS |
4641- Wholesale of Textiles Products, Clothing and Footwear |
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MAIN ACTIVITY |
The company is engaged in the import export, trade and sale of sports
clothing footwear, diving articles, hunting articles, work clothing, personal
protective means, welding equipment, tools. |
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% SALES IN CASH |
20% |
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% SALES ON
CREDIT |
80% (Terms at 15-60 days) |
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% TERRITORY OF
SALES |
Domestic market and Foreign market |
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% DOMESTIC
PURCHASES |
15% |
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% FOREIGN
PURCHASES |
85% |
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N. OF EMPLOYEES |
120 |
LOCATION.-
ADMINISTRATIVE OFFICE and WAREHOUSE: Located at caption address in a
commercial zone of the city with easy access. Premise with an area of
1.550sq.m.
COMMENTS AS TO
OPERATIONS.-
CORPORATE PURPOSE: the company markets sports clothing, footwear, diving
articles, hunting articles, work clothing personal protective media, welding
equipment and tools.
Third Party Brands: FGSAFETY, BLACK BEAR, PROVIDUS, GASCO, FGGAS,
BELLOTA, BERDAL, IMACASA, FG STELL, MORAKNIV, ANSAFE, MAXSUN, SHANGAI, SHEN
ZHEN, DUNLOP, UMAREX, XIAMEN, TRUST, ROTARSEX, DOLPHIN, WUHAN, MID LAND,
CANGNAN, IRONSTEEL, MAN KING, ENEBE, IMACASA, BAOYING, LINYI, BROWNING,
NATIONALSPORTS, KKS, ANTI BOGA, HENAN, SILVER, DI MARTINO, HOTERY.
Main Clients:
ARMY OF CHILE
CONSTRUCTION COMPANIES
GENERAL PUBLIC
MAIN GYMS
SPORTS STORES
Main Competitors:
COMERCIAL BECKMAN S.P.A.
FERRETERÍA LAS DOS ESTRELLAS SA
ITALMACC - MÁQUINAS HERRAMIENTA
OPPENHEIM Y CÍA. LTDA.
Among others
It accepts the following method of payments: Visa, MasterCard, Diners
Club, American Express, through Internet and checks.
Its work shift hours are from Monday to Friday from 08:30h. to 17:30h.
FOREIGN
TRADE
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IMPORTS |
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YEAR |
2018 (January-April) |
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AMOUNT |
US$2,111,303.00 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Brazil, Thailand, Germany,
UK |
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NUMBER OF OPERATIONS |
982 |
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IMPORTS |
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YEAR |
2017 |
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AMOUNT |
US$ 9,120,489.00 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Brazil, Thailand, Germany,
UK |
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NUMBER OF OPERATIONS |
55 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$10,462,986.20 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Germany, Korea, Brazil,
Czech Republic |
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NUMBER OF OPERATIONS |
300 |
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IMPORTS |
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YEAR |
2015 |
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AMOUNT |
US$10,175,179.72 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Germany, Korea, Brazil,
Czech Republic |
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NUMBER OF OPERATIONS |
298 |
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IMPORTS |
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YEAR |
2014 |
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AMOUNT |
US$9,083,349.48 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Germany, Korea, Brazil,
Czech Republic |
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NUMBER OF OPERATIONS |
238 |
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IMPORTS |
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YEAR |
2013 |
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AMOUNT |
US$11,484,893.86 |
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COUNTRIES |
China, Spain, Turkey, Italy, India, Taiwan, Germany, Korea, Brazil,
Czech Republic |
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NUMBER OF OPERATIONS |
291 |
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EXPORTS |
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YEAR |
2016 |
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AMOUNT |
US$22,311.00 |
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COUNTRIES |
Bolivia |
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NUMBER OF OPERATIONS |
1 |
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EXPORTS |
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YEAR |
2014 |
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AMOUNT |
US$5,813.66 |
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COUNTRIES |
Taiwan |
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NUMBER OF OPERATIONS |
1 |
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EXPORTS |
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YEAR |
2013 |
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AMOUNT |
US$58,592.39 |
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COUNTRIES |
China, Taiwan |
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NUMBER OF OPERATIONS |
1 |
FINANCIAL
INFORMATION
We had an interview with Ms. Claudia Valdivia (Finance Chief) who
provided commercial information of the company except for financials on grounds
of confidentiality.
No financials were found through external sources.
FIXED ASSETS.-
The company owns office furniture, computer equipment, transport
vehicles, 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 |
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SOPORTE EQUIPOS E INSUMOS INDUSTRIALES LIMITADA |
(56-2) 264.9800 |
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FOREIGN
SUPPLIERS |
Country |
Phone Number |
Contact Name |
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EQUIPOS DE PROTECCION INDIVIDUAL SAGA SL |
Spain |
(34-9) 4410.0211 |
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XIAMEN TEXCHAMP INTERNATIONAL LTD |
China |
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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 SA |
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 67.22 |
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|
1 |
INR 90.87 |
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Euro |
1 |
INR 80.09 |
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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
: |
VIV |
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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
·
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.