MIRA
INFORM REPORT
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Report Date : |
12.10.2007 |
IDENTIFICATION DETAILS
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Name : |
G.O. TRADERS S.A. |
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Registered Office : |
Av Lurigancho 1325,
Urb. Zarate, San Juan de Lurigancho, Lima, 36, Lima |
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Country : |
PERU |
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Date of Incorporation : |
04.11.1999 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Engaged in the import
and distribution of textile goods in general, flat fabrics. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : G.O. TRADERS S.A.
TAXPAYER REGISTRATION : RUC 20467682726
OPERATING STATUS :
Active
MAIN ADDRESS :
Av Lurigancho 1325, Urb. Zarate, San Juan de
Lurigancho
CITY/PROVINCE :
Lima, 36
DEPARTMENT/STATE :
Lima
COUNTRY : PERU
TELEPHONE :
(511)376.4579/459.8026
FAX : (511)376.4579
E - MAIL : enunez@go-traders.com
WEB SITE : Nil
SUMMARY
Incorporation
: 1999
Operating Status :
Active
Finantial Situation
: UNDETERMINED
Employees
: 20
Rating
: Company Refused Information
Payments
: Usually to terms/good
QUALIFICATION
RATING : Company Refused Information
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION : 04NOV1999
REGISTERED IN :
Lima
NOTARY OFFICE :
Ernesto Arias Schereiber
DURATION : Indefinite
REGISTRATION :
Electronic Entry 11157633
INITIAL CAPITAL :
S/.50,000.= Nuevo Sol
TYPE OF SHARES :
Nominatives
LISTED AT STOCK EXCHANGE: No
SHARE VALUE :
S/.1.= Nuevo Sol
CURRENT EXCHANGE RATE : S/.3.05 per US$1.00 Dollar
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
OWNERSHIP %
ODE SEGEBRE, GEORGE General Manager 50%
ODE SEGEBRE, JHON Executive Director 15%
ORDOÑEZ BARRANTES,
MILTON Sales Manager
SEGEBRE, SOFIA BICHARA
DE Shareholder 25%
ODE, ROMA SEGEBRE BICHARA
VDA. DE Shareholder 10%
HURTADO, EDUARDO Accountant
WHO IS WHO ?
ODE SEGEBRE, GEORGE
NATIONALITY :
Peruvian BORN : 03AUG1966
DOC.
OF IDENT. : DNI 07517150
PROFESSION :
Businessman
HOME
ADDRESS : Trinidad Morán 1496,
Lince, Lima TLF : 440.3646
ODE, ROMA SEGEBRE BICHARA VDA. DE
NATIONALITY :
Peruvian
DOC.
OF IDENT. : DNI 07618113
HOME
ADDRESS : Trinidad Morán 1496,
Lince
RELATED COMPANY(IES)
There are not known
related companies.
BUSINESS
MAIN ACTIVITY .-
G.O. Traders S.A. is
engaged in the import and distribution of textile goods in general, flat
fabrics.
IMPORT : Yes Indonesia, Venezuela, Brazil, India, Pakistan
and China.
Annual
Imports in US $(CIF) :
Year Amount
2005 2,488,224.00
2006 1,712,147.00
2007 1,948,607.00
EXPORT : No
% CASH SALES/METHOD :
40%
% CREDIT SALES/TERMS :
60% (Invoice 30 days and Drafts 30,90 days)
% DOMESTIC PURCHASES : 01%
% FOREIGN PURCHASES : 99%
SELLING TERRITORY :
All sales are performed in the national
market.
EMPLOYEES :
20
FACILITIES -
Use
: Legal domicile, administrative and commercial
offices.
Remarks
and other Premises -
Formerly, they were
located at: Av. Alberto Alexander (Antes
Nicaragua) 2693, Lince, Lima.
COMMENTS -
IMPORTS:
From January to August
2004, Subject imported for a C & F value of US$1,662,373.=
From January to December
2003, it imported for a C &F value of US$1,795,031.=
From March to December
2002, it imported for C & F value of US$792,877.=
From February to November
2001, it imported for a C & F value of US$214,720.=
During the months of
August, October and December 2000, it imported for a C & F value of
US$196,148.=
Major clients include:
- Distribuidora Miguelito
- Salem SRL
- Azul y Púrpura
FINANCIAL INFORMATION
The information contained
in this report was obtained from public sources and oficial registries that we
resorted to due to refusal of the directors of the company to cooperate with our
investigation.
We established contact
with Mr.Eduardo Hurtado, Accountant, but he refused to provide us any kind of
information as long as the identity of the company asking for the report was
not revealed by us first.
Although a careful search
was made it was not possible to find recent balance sheets of the company
and/or more commercial references to determine its actual financial situation.
FINANCIAL SITUATION
: UNDETERMINED
Subject's financial
Position is considered Undetermined since there is insufficient financial
figures to allow an accurate analysis on results. Absence of figures prevents
us from evaluating the relation between debts and shareholder's equity as well
as operative results and there is insufficient credit experience to know its
creditworthiness.
Mostly such refusal to
show financial statements hides financial imbalance, this opinion is not
definitive
INSURANCE -
Company Against Amount Validity
_
RIMAC INTERNACIONAL CIA
DE SEGUROS Y REA All risk No
specified. No specifi
PAYMENTS RECORD
TRADE REFERENCES –
Line
of Credit Terms(days))
Performance? Time
Products/Services Supplier
1 US$ 200,000.= 60-120 days Prompt
1997 Customs clearances Domestic
COMMENTS
-
Other suppliers we
consulted in the local market have not answered our referente equests.
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically. There is not relationship
as for the order above
Supplier Telephone
ADUAMERICA AG. DE
ADUANA (511)4133030
AG DE ADUANAS COSMOS
CALLAO (511)4644122
J. Y N. ASOCIADOS
S.A. (511)5151099
CREDIT RISK CENTRAL -
No protested bills or
returned checks due to insufficient funds are reported against the name of this
company.
CREDIT HISTORY -
It should be mentioned
potential suppliers that we consulted in the local market do not have of
subject as a client on credit basis.
BANKING INFORMATION
BANKERS
Bank
BANCO CONTINENTAL
SCOTIABANK
BANCO DE CREDITO
BANCO INTERBANK
BANCO B.I.F.
Subject is a client of
those banking institutions, which do not report irregularities in the name of
this company.
SUPERINTENDENCY OF BANK & INSURANCE - SBS –
The
SBS reported the following debts before the Financial System as at 31AUG2007
(Last Report)
Obligations DC(S/.) FC(US$)
Advance in current
account cont 4,972.00 10.00
Discounts-drafts 2,689,481.00 156,632.00
Loans 0.00 220,308.00
Financial Leasing 0.00 16,231.00
Foreign trade credit 0.00 285,522.00
Letters of indemnity 0.00 4,200.00
Letters of credit 0.00 290,306.00
Banking acceptance 0.00 324,332.00
Others 419.00 0.00
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Total Indebtedness S/.
2,694,872.00 US$ 1,297,541.00
Guarantees S/. 0.00 US$ 0.00
The
SBS ranks Subject Company's indebtedness before the Financial System as follows
:
RATING % RATING DESCRIPTION ACCORDING TO THE
SBS
X
NORMAL 100% Debtor meets payments on time
PROBLEM POTENTIAL Debtor
reveals certain deficiencies not corrected appropriately
DEFICIENT Debtor presents worsening of category with
commercial problem
DOUBTFUL Debtor that reveals high risk characteristics
implying doubtful debt
recovery
LOSS Debtor whose credits are estimated
uncollectible
Debt
structure for Bank (domestic currency)
Bank
Amount (S/.)
Banco Continental 2,494,838.00
Banco Scotiabank 1,691,758.00
Banco de Credito 1,408,174.00
Banco Interbank 728,424.00
Banco B.I.F. 474,488.00
The Superintendency of
Banks and Insurance of Peru reports as of 31.08.2007 a total debt in the
Company name amounting to S/. 2,694,872.= Nuevo Sol and US$1,297,541.= Dollars,
with debt rating NORMAL (100%).
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)