- Delivery Date: May 10, 2019
Update Date: Apr 11, 2019
Chocolates Deliciosos Chilenos SA DEMO Report
ACTIVE
| Address | Cra 55 # 14-22 Ofic 225 Santiago Chile |
| Telephone(s): | (+56) 2 21234567 |
| D-U-N-S Number: | 98-041-0237 |
Identification
- 98-041-0237
- Demo report Chocolates Deliciosos Chilenos S.A.
Comercial Name 2
Comercial Name 3
- Chilean RUC
- 999999999
- (+56) 2 21234567
(+56) 2 21234568
(+56) 2 21234569
- (+56) 2 21234567
- choco@demo.com
- www.choco.com
Summary
- Corporation
- Privately Held Registered Company
- 1974
- Manufacturers of chocolate and other cacao products
- 0103-0000
- N/A
- N/A
- 200 ( (Here))
550 (Total)
- Luciana Aguilar
President Board of Directors
Address
Cra 55 # 14-22 Ofic 225 Santiago ChileRisk Evaluation
| Credit Risk Indicator | 3 |
| D&B Rating | C 3 |
| Record | Clear |
Financial Summary
| Sales | 160,893,400,780 CHP 2017 |
| Net Worth | 42,409,870 CHP 2016 |
| Capital | 252,941,000 CHP |
| Condition | Fair |
Legal Actions
| Law Suit(s) | 1 |
Payments Information
| Payment Record(s) | 2 |
| Payments Information | Prompt-slow |
Information Management
| Managers | 8 |
Currency
All monetary amounts quoted in this report are shown in CHP (Chilean Peso) unless otherwise stated.
Risk Assessment
Risk Indicator
- 3
Low Risk (1)
High Risk (4)
Risk Level of the Company is : AVERAGE
D&B Rating
C
Based on Net Worth
3
Acceptable (Risk Slightly Over the Average)
Former Rating
N/A
N/A
The Dun & Bradstreet Rating of C Fair indicates:
- Financial Strength of USD 47,000 to 93,999 based on net worth.
- A Risk Indicator which is Acceptable (Risk Slightly Over the Average).
Trade Payment Summary (USD)
| Value Bands | No of Exp |
Total Value |
Within Terms |
1-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|---|---|---|---|---|---|---|---|
| >$50,000 | 1 | 100,000 | 0% | 100% | 0% | 0% | 0% |
| $10,001 - $50,000 | 0 | 0 | 0% | 0% | 0% | 0% | 0% |
| $2,501 - $10,000 | 0 | 0 | 0% | 0% | 0% | 0% | 0% |
| $1,001 - $2,500 | 0 | 0 | 0% | 0% | 0% | 0% | 0% |
| $501 - $1,000 | 0 | 0 | 0% | 0% | 0% | 0% | 0% |
| $100 - $500 | 1 | 206 | 100% | 0% | 0% | 0% | 0% |
| <$100 | 0 | 0 | 0% | 0% | 0% | 0% | 0% |
| TOTAL | 2 | 100,206 | 50% | 50% | 0% | 0% | 0% |
The USD amounts represented above may be the result of converting Chilean Peso or other currency types to USD to facilitate their joint interpretation.
Trade Payment Experiences
D&B obtains payment references from local and international suppliers. References listed below may be from either or both sources. Amounts may be rounded to the nearest figure in prescribed ranges.
| Date | Paying Record | Curency | High Credit |
Now Owes |
Past Due |
Payments Terms |
Last Sale |
|---|---|---|---|---|---|---|---|
| Mar 21, 2018 | Ppt Slow | USD | 100,000 | 50,000 | 50,000 | 30 | Jan 28, 2018 |
| May 24, 2017 | Ppt Slow | CLP | 150,000 | 140,000 | 0 | 30 | Apr 15, 2017 |
Payment references contained in this report may have been obtained from the same source in different months and monetary units. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.
The subject company currently has accounts in 2 bank(s) in this country
| Bank Name: | Banco de Santiago |
| Location: | Santiago, Chile |
| Branch: | Recoleta |
| Telephone: | (+56) 2 1234567 |
| Bank Name: | Banco Del Progreso |
| Location: | Santiago, Chile |
| Branch: | Plaza Costera |
| Telephone: | (+56) 2 8765432 |
Banking Experience
Banking reference consulted on Jul 28, 2017
| Client Since: | May 15, 1985 |
| Account Type: | checking account |
| Account Status: | active |
| Balance: | high 6 figures |
| Credit Line Experience: | satisfactory |
| Checks: | low 5 figures |
Banking reference consulted on May 28, 2015
| Client Since: | May 20, 2008 |
| Account Type: | checking account |
| Account Status: | active |
| Balance: | high 8 figures |
Sources of the National Financial System (SBS), as of Apr 22, 2018 report:
Qualification:
| Account |
S/ |
US$ |
|---|
Investigation Information
In an interview conducted on Aug 09, 2017 Accountant Carlos Rosales Comptroller provided all information
Background
Corporation started on May 29, 1974 and registered at Public Registry, Santiago, Santiago, constituted under Registry 987-1, No. 1234, book 56, page 78.
Duration: 50 years.
It was started in 1974.
Status Active.
Social Capital
| Current Capital: | CHP 252,941,000 |
| Initial Capital: | CHP 60,000 |
| Initial Capital Source: | a bank loan 50,000 CHP |
| Initial Capital Source: | a personal loan 10,000 P |
| Monthly Loan Payment: | 500 CHP |
Capital Distribution
Shares of this corporation are owned by the following:
| Shareholders | Stock Qty |
Stock Type |
% Capital |
|---|---|---|---|
| Wicks Chocolates AG | 55 | ||
| Mrs. Luciana Aguilar Prueba | 20 | ||
| Mrs. Luisa Maria Robles Figueras | 15 | ||
| Mrs. Patricia Lopez Rojas | 5 | ||
| Mrs. Mariella Ortiz Rega | 5 |
The Company has a total of 5 shareholders.
Legal Representative
Administration under the charge one Members of the Board
Parent
The subject is a subsidiary of:
| Name: | Wicks Chocolates A.G. |
| D-U-N-S: | 54-178-1234 |
| Location: | Rue de Vries, ,Ginebra, Switzerland |
| Details: | Percentage of Interest: 100% |
Subsidiaries
The subject company has 3 subsidiaries including:
| Name: | Chocolates Savoy S.A. |
| Controlled in: | % |
| D-U-N-S: | 88-016-7499 |
| Location: | Quito, Pichincha, Ecuador |
| Name: | Dulces Dieteticos S.A. |
| Controlled in: | % |
| D-U-N-S: | 88-016-7499 |
| Location: | Swiesimmer, Switzerland |
| Name: | Dulces de Guayaba S.A. |
| Controlled in: | % |
| D-U-N-S: | 88-016-7499 |
| Location: | Guyana, Bolivar, Venezuela |
Affiliates
| Affiliate | Dulces y Postres C.A. |
| D-U-N-S: | 12-345-6789 |
| City: | Santiago |
| Name: | Mrs. Luciana Aguilar |
| Position: | Board of Directors President |
| Current Job: | Active in daily activities of the company. |
| Previous employments: | Job type: Employed with Company: Swiss Chocolates Location: Chile Job Title: Manager Operations Period: from 1968 to 1969 Job type: Employed with Company: German Chocolates Location: Chile Job Title: Period: from 1969 to 1970 Job type: Employed with Company: Austria Chocolates Location: Austria Job Title: Period: from 1971 to 1974 |
| Name: | Mrs. Luisa Maria Robles Figueras |
| Position: | 1st Administrative Vice President |
| Birthdate: | 1946 |
| Current Job: | Active in daily activities of the company. |
| Name: | Mrs. Patricia Rojas Lopez |
| Position: | 2nd Administrative Vice President |
| Birthdate: | 1952 |
| Current Job: | Active in daily activities of the company. |
| Name: | Mrs. Mariella Ortiz Rega |
| Position: | Administration & Finance Vice President |
| Name: | Mr. Daniel Carles |
| Position: | General Manager |
| Name: | Mr. Miguel Ordonez Coto |
| Position: | Operations Manager |
| Name: | Mr. Ramon Cortes Aguirre |
| Position: | Treasurer |
| Name: | Accountant Carlos Rosales |
| Position: | Comptroller |
Type of Services
Manufacturers of chocolate and other cacao products
- SIC: 0103 - 0000 - Manufactures -
- SIC: 2064 - 9907 - Manufactures -
Production
Operates at 80% of capacity. Work 120 in 3 daily shift(s).
Market
In this country, the investigated company is considered a medium concern in this field. The competition in this market is is normal.
Vehicles and Equipment
The company utilizes owns vehicle(s) for use of the business
Vehicles including:
| Quantity | Type | Brand/Model | Manufactured | Cargo Capacity |
|---|---|---|---|---|
| 10 | delivery trucks | Ford | 1993 |
Trademarks
Distributes under registered brand(s).
| Brand | Product Type | % of Sales |
|---|---|---|
| Chocolatisimo | powdered chocolate | 25 |
| Choco au Late | chocolate milk | 20 |
Sales
Sales territory is principally this country and other foreign countries.
Has presence in the following Cities/States/Countries:
Countries
- Venezuela
- Bolivia
- Peru
- United States
- Brasil
Sales Terms:
- Net 30 days (100%)
- Credit (40%)
- Cash (60%)
Has approximately 8000 client(s).
Sells to wholesalers.
Sells to retailers.
Main Customers
Sells principally to:
| Name | % | Location | D-U-N-S |
|---|---|---|---|
| Atacado al Mayor | 20 | Santiago , Santiago , Chile |
Purchases
Purchases from 10 suppliers.
Purchases from national suppliers 75%. Imports 25%
Imports principally from:
- United States, 55%
- Switzerland, 35%
- Denmark, 10%
| National purchase terms: | On credit 30 days |
| International purchase terms: | On credit 60 days |
Employees
Employs 550.
- 10 office workers
- 410 blue collar workers
- 130 salespersons
Employees at present location: 200.
Insurance
| Name | Aseguradora Chilena |
| Location: | Santiago , Santiago , Chile |
| Maturity Date: | Dec 25, 2013 |
| Coverage Includes: | CHP 5,000 for fire CHP 7,000 for liability CHP 10,000 for fixed assets CHP 2,000 for commercial loss |
Branches
The subject maintains 2 branches.
Including:
| Location: | 1234 Main Street, Santiago, Santiago, Chile |
| Telephone: | (56) (2) 236978 |
| Details: | Maintains a a factory. There are 880 employees at this location. |
| Location: | 346 Second Street, Santiago, Santiago, Chile |
| Telephone: | (56) (2) 336964 |
| Details: | Maintains a a warehouse. There are 50 employees at this location. |
Postal Address
P.O. Box No. 3122, Santiago,
Santiago, Santiago,
Chile.
Facilities
At this address the subject company maintains location containing all activities.
Building Type: adapted for the company's purposes
Located in industrial zone. And commercial zone.
Works Finished
Comparatives
| Particulars | Fiscal Dec 31, 2014 single units Audited with notes, details available from D&B Delani Auditores Asociados CHP |
Fiscal Dec 31, 2015 single units Audited with notes, details available from D&B Delani Auditores Asociados CHP |
Fiscal Dec 31, 2016 single units Audited with notes, details available from D&B Delani Auditores Asociados CHP |
|---|---|---|---|
| Current Assets | 44,919,827 | 51,657,801 | 59,923,049 |
| Inventory | 12,975,715 | 14,922,072 | 17,309,604 |
| Current Liabilities | 37,243,348 | 42,829,850 | 49,682,626 |
| Working Capital | 7,676,479 | 8,827,951 | 10,240,423 |
| Fixed Assets | 34,620,671 | 39,813,772 | 46,183,975 |
| Total Assets | 82,294,344 | 94,638,496 | 611,792,986 |
| LONG TERM LIABILITIES | 13,259,489 | 15,248,413 | 17,688,158 |
| Net Worth | 25,219,812 | 29,002,784 | 33,643,229 |
| Net Sales | 120,609,745,713 | 138,701,207,569 | 160,893,400,780 |
| NET INCOME | 11,012,847,402 | 12,664,774,512 | 14,691,678,705 |
| Profit Margin : Net Income / Sales | 9.13% | 9.13% | 9.13% |
Balance Sheet
| Balance Sheet Information | Fiscal Dec 31, 2016 single units CHP |
|---|---|
| Externally reviewed by | |
| Level of Audit | Audited |
| Audited by | Delani Auditores Asociados |
| Obtained from | |
| Assets | Fiscal Dec 31, 2016 single units CHP |
| Cash & Banks | 12,462,151 |
| - Banks | 11,128,151 |
| - Cash | 1,200,600 |
| - Savings Accounts | 66,700 |
| - Liquid Assets Fund | 66,700 |
| Negotiable Values | 40,667 |
| - Temporary | 40,667 |
| Account Receivable | 29,486,867 |
| - Account Receivable from Clients | 14,288,740 |
| - Foreign Clients | 12,938,756 |
| - Others | 2,259,372 |
| - Provision for Irrecoverable | 149,003 |
| Inventary | 17,309,604 |
| - Finished Goods | 8,050,773 |
| - Products in Process | 5,748,246 |
| - Raw Materials | 3,372,998 |
| - Imported Goods in Transit | 796,538 |
| - Prov. for Inv Depreciation | -658,951 |
| Prepaid | 772,764 |
| - Prepaid Expenses & Others | 772,764 |
| CURRENT ASSETS | 59,923,049 |
| Fixed Assets | 46,183,975 |
| - Real Estate, Plant and Equipment | 41,025,210 |
| - Work in Progress | 20,839,587 |
| - Installation Expenses | -743,005 |
| - Fixed assets in progress | |
| Fixed Assets before Adjustment | 61,121,792 |
| Accrued Depreciation | 14,937,817 |
| Investments | 175,712 |
| - | 175,712 |
| Other L/T Assets | 3,446,496 |
| - Deferred Assets | 1,975,854 |
| - Assets Revaluation | 1,470,642 |
| Intangibles | 51,423 |
| - Patents | 51,423 |
| TOTAL LONG TERM ASSETS | 551,869,937 |
| TOTAL ASSETS | 611,792,986 |
| Liabilities | Fiscal Dec 31, 2016 single units CHP |
| Accounts Payable | 21,872,441 |
| - Domestic Suppliers | 17,873,487 |
| - Documents & Notes Pay. | 3,998,955 |
| Financial obligations | 25,319,337 |
| - Financial | 25,319,337 |
| Accrued Taxes | 175,340 |
| - Taxes Payable | 175,340 |
| Social Obligations | 411,120 |
| - Social Laws | 411,120 |
| Other Liabilities | 1,904,388 |
| - Others | 1,904,388 |
| CURRENT LIABILITIES | 49,682,626 |
| Accounts Payable | 16,918,026 |
| - Liabilities Long Term | 15,166,135 |
| - Documents & Notes Pay. | 1,751,890 |
| Other Liabilities L/T | 19,451 |
| - Others | 19,451 |
| Financial Obligations L/T | 750,682 |
| - Financial | 750,682 |
| LONG TERM LIABILITIES | 17,688,158 |
| TOTAL LIABILITIES | 67,370,785 |
| Capital | 337,425 |
| - Capital | 337,425 |
| Other Capital | 33,305,805 |
| - Update of Equity | 9,484,771 |
| - Accrued Profit (Loss) | 23,821,034 |
| Profit (Loss) | 0 |
| NET WORTH | 33,643,229 |
| TOTAL LIABILITIES AND CAPITAL | 101,014,014 |
Profit & Loss
| Particulars | Fiscal From Jan 01, 2016 To Dec 31, 2017 single units CHP |
|---|---|
| Execution of Penalties | 160,893,400,780 |
| - Sales | 160,893,400,780 |
| Net Sales | 160,893,400,780 |
| Cost of Goods Sold | 116,831,943,101 |
| Gross Income | 44,061,457,679 |
| Operations Expenses | 24,472,602,153 |
| Financial Income | 3,478,724 |
| Financial Expenses | 3,429,311 |
| Profit Before Tax | 19,588,904,939 |
| Taxes | 4,897,226,235 |
| - Taxes | 4,897,226,235 |
| NET INCOME | 14,691,678,705 |
Ratios
| Particulars | Dec 31, 2016 |
|---|---|
| LIQUIDITY RATIOS | |
| Current Ratio | 1.21 times |
| Quick Ratios | 0.86 times |
| General Liquidity | 9.08 times |
| INDEBTEDNESS RATIO | |
| Short Term Debt-to-Equity | 147.67 % |
| Debt-to-Equity | 200.25 % |
| EFFICIENCY RATIOS | |
| Collection Period | 0.07 days |
| Asset Turnover | 0.00 times |
| Inventory Turnover | 9,295.04 times |
| Fixed Assets to Net Worth | 137.28 % |
| PROFITABILITY RATIOS | |
| Gross Margin | 27.39 % |
| Operating Margin | |
| Profit Margin | 9.13 % |
| Return on Assets | 2,401.41 % |
| Return on Net Worth | 43,669.05 % |
The overall financial condition of the subject company is considered Fair.
Current ratio is high
Profit Margin is medium.
Current Assets are concentrated in accounts receivable and inventory.
Annual Sales from 01/01/2016 to 31/12/2016 was CHP 160,893,400,780.
Comparison of figures corresponding to the last 3 periods reflect a Upward trend.
Net Worth of this business, as of 31/12/2016 was Chilean Peso 42,409,870.
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Exchange Rate
The registered values correspond to the last working day of each year. For further information about macroeconomic variables of this country, please consult the International Risk and Payment Review, a D&B's monthly publication.
D&B Rating Glossary
The following ratings are available for businesses in Chile:
D&B Rating - The D&B® Rating in Chile consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on Net Worth of a current fiscal balance sheet. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. The table below contains the values for the D&B Rating in Chile.
Financial Strength Indicator
| Range USD | ||
|---|---|---|
| Net Worth |
From |
To |
| 5A | 50,000,000 | And above |
| 4A | 10,000,000 | 49,999,999 |
| 3A | 1,500,000 | 9,999,999 |
| 2A | 750,000 | 1,499,999 |
| 1A | 375,000 | 749,999 |
| A | 188,000 | 374,999 |
| B | 94,000 | 187,999 |
| C | 47,000 | 93,999 |
| D | 24,000 | 46,999 |
| E | 12,000 | 23,999 |
| F | 6,000 | 11,999 |
| G | 0 | 5,999 |
| Risk Indicator | Condition | Interpretation |
|---|---|---|
| 1 | Solid | Minimum expectation of risk |
| 2 | Satisfactory | Low expectation risk |
| 3 | Acceptable | Risk Slightly Over the Average |
| 4 | Unfavourable | Significant Risk - To review carefully |
| S | Services | Not Applicable - No Assigned condition |
| - | Undetermined | Insufficient information to assign a Rating |
| Alternate Ratings Used | |
|---|---|
| NQ | Cease of Operations |
| NB | New Business - Generally less than 2 years and six months |
| O | No financial statement or not up to date financial statement |
| N/N4 | Negative Net Worth |
| BR | Branch of Local Company |
| - | Unable to locate - Non Commercial Report |
Confidentiality
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