• Delivery Date: May 10, 2019
    Update Date: Apr 11, 2019

Chocolates Deliciosos Chilenos SA DEMO Report

ACTIVE

AddressCra 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

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
Chocolates Deliciosos Chilenos SA DEMO Report

Datos de mapas
Datos de mapas ©2019 Google
Datos de mapasDatos de mapas ©2019 Google
Datos de mapas ©2019 Google
Mapa
Satélite

Address

Cra 55 # 14-22 Ofic 225 Santiago Chile

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

SBS

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

AffiliateDulces 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

NameAseguradora 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.


Customer Service

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Inquiries should always contain the below minimum details:

  • Full Company Name
  • Full Headquarters Address
  • Telephone Number
  • Business Identification Number
  • Contact Name
  • Reference
  • Order Date

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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