|
|
|
MIRA INFORM REPORT
|
Report No. : |
510892 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GABEFAR CHILE SPA |
|
|
|
|
Registered Office : |
Badajoz No 100 Oficina 603, Comuna Las Condes Santiago |
|
|
|
|
Country : |
Chile |
|
|
|
|
Date of Incorporation : |
26.01.2010 |
|
|
|
|
Com. Reg. No.: |
4047 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
The subject is engaged to the import,
export and trade of cloth in general |
|
|
|
|
No. of Employees : |
120 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Chile |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
COMPANY
NAME and ADDRESS
|
COMPANY NAME |
GABEFAR CHILE SPA |
|
TAX ID. TYPE |
RUT |
|
TAX ID. NUMBER |
76.089.546-6 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Badajoz No 100 Oficina 603, Comuna Las Condes |
|
CITY/PROVINCE/STATE |
Santiago |
|
PHONE NUMBER(S) |
(56-2)2212-8394 |
|
EMAIL |
|
|
WEBSITE |
www.prune.com.ar
(Corporate Page) |
CREDIT
OPINION
|
|
Commercial company of recognized
prestige locally. It seems to operate satisfactorily. No detrimental records
were found. |
|
PAYMENT RECORDS |
Slow but Correct |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Joint-Stock Company |
|
INCORPORATION DATE |
26/01/2010 |
|
CITY OF REGISTRATION |
Santiago |
|
REGISTRY NUMBER |
Page 6091, No 4047 |
|
NOTARY |
Ivan Torrealba Acevedo |
|
TERM |
Indefinite |
|
PAID-UP CAPITAL |
Ps$3,000,000.00 Chilean Pesos |
|
LAST CAPITAL INCREASE |
Without increase |
|
LISTED AT STOCK EXCHANGE |
NO |
|
RELATED
COMPANIES |
||
|
COMPANY
NAME |
TAX ID.
NUMBER |
COUNTRY |
|
GAX SA |
CUIT 30-70840291-1 |
ARGENTINA |
BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
ABDALA HIRANE, RICARDO |
Legal Representative |
|
|
RUFO, MARIA |
General Manager |
|
|
RAMIREZ, SILVER |
Head of Operation |
|
OPERATIONS
|
SECTOR |
G- Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles |
|
ACTIVITY |
Trade of cloth |
|
ISIC CATEGORY |
47- Retail Trade, Except for Motor
Vehicles |
|
ISIC CLASS |
4759- Retail Trade of clothing items,
footwear and leather goods |
|
MAIN ACTIVITY |
The subject is engaged to the import,
export and trade of cloth in general |
|
% SALES IN CASH |
90% |
|
% SALES ON CREDIT |
10% (Terms of 30, 60 days) |
|
% TERRITORY OF SALES |
98% Domestic market |
|
% FOREIGN SALES |
2% |
|
% FOREIGN PURCHASES |
100% |
|
N. OF EMPLOYEES |
120 |
LOCATION.-
ADMINISTRATIVE OFFICES: At the heading
address, in a business zone of easy access. Rented premises.
The subject registers store in Santiago y
Concepcion which operate under the trade name COMERCIAL DE PRUNE.
STORES:
MALL PLAZA LOS DOMINICOS
Av. Padre Hurtado Sur 875, Zona Metropolitana - Las Condes
(8320000), Chile. Tel: (56-2) 2620 5491.
BUENAVENTURA PREMIUM OUTLET
San Ignacio 532, Zona Metropolitana – Quilicura, Chile.
MALL PLAZA TRÉBOL
Av. Pdte. Jorge Alessandri Rodriguez 3177, Region VIII -
Concepción (8340422), Chile. Tel: (56-9) 9555-5555
PORTAL LA DEHESA
Av. La Dehesa 1445, Zona Metropolitana - Lo Barnechea (8320000),
Chile. Tel: (56-2) 2876-0700.
PARQUE ARAUCO
Avda. Kennedy 5413, Zona Metropolitana - Las Condes, Chile. Tel:
(56-2) 2220-9676.
ALTO LAS CONDES
Av. Pdte. Kennedy Lateral 9001, Zona Metropolitana - Las Condes,
Chile. Tel: (56-2) 2299-6965
COSTANERA CENTER
Avenida Andrés Bello 2425, Zona
Metropolitana - Providencia (8320000), Chile. Tel: (56-2) 2916-9200.
COMMENTS AS TO OPERATIONS.-
Imports from India, China, Argentina and Brazil.
The subject trade the following products: wallets, bags, shoes, jackets
and accessories.
FOREIGN
TRADE
|
|
IMPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$676,039.00 |
|
COUNTRIES |
Argentina, India, China, Brazil. |
|
NUMBER OF OPERATIONS |
109 |
FINANCIAL
INFORMATION
In recent interview, Mrs. Maria Rufo
(General Manager) who provided commercial information of the subject except for
financial figures on grounds of confidentiality.
Through external sources, we could not
obtain financial figures.
FIXED ASSETS.-
The company reports an office furniture
and equipment, computers, among other assets.
INSURANCE.-
It does not holds an insurance policy.
|
FOREIGN
SUPPLIERS |
Country |
Phone
Number |
Contact
Name |
|
AAY KAY INTERNATIONAL. |
India |
(91-98) 1074.1395 |
|
COMMENTS
OF SUPPLIERS.-
Possible consulted suppliers reported they
do not provide information regarding their clients on the grounds of
confidentiality.
BANKS
|
Bank
Name |
Country |
|
BANCO BICE SA |
Chile |
|
BANCO SANTANDER SANTIAGO SA |
Chile |
|
BANCO BILBAO VIZCAYA ARGENTARIA CHILE SA (BBVA CHILE SA) |
Chile |
BANK
REFERENCES
Consulted banks do not provide information
of their clients on grounds of confidentiality.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.21 |
|
|
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
|
CLP |
1 |
INR 0.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.