MIRA
INFORM REPORT
|
Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CERAMES IMPORT S.A.C. |
|
|
|
|
Registered Office : |
Alfredo Mendiola 945, Urbanización Palao, San Martín de
Porres, Lima,31 |
|
|
|
|
Country : |
Peru |
|
|
|
|
Date of Incorporation : |
20.11.2000 |
|
|
|
|
Legal Form : |
Closely-held Corporation |
|
|
|
|
Line of Business : |
Import and Commercialization of construction materials and finishes, such
as ceramic tiles, sets of taps, bathroom accessories, sinks, tanks, majolica
tiles, toilet furniture, etc |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Clear |
|
|
|
|
Litigation : |
Slow but correct |
IDENTIFICATION
CORRECT COMPANY NAME : CERAMES IMPORT S.A.C.
TAXPAYER REGISTRATION : RUC 20501630595 OPERATING STATUS: Active
MAIN ADDRESS : Alfredo Mendiola 945, Urbanización Palao, San Martín de
Porres,
CITY/PROVINCE/STATE : Lima,31
COUNTRY : PERU
TELEPHONE : (511)534.8670/534.2973
FAX : (511)534.1922
E - MAIL : cerames_import@speedy.com
WEB SITE : no tiene
SUMMARY
Incorporation : 2000 Operating Status : Active
Last Capital : S/.40,000.= Nuevos Soles
Finantial Situation : UNDETERMINED
Employees : 16
Rating : Satisfactory
Payments : Delays but within sector norms
Business Trend : Undetermined
QUALIFICATION
RATING : Satisfactory
PAYMENTS : Delays but within
sector norms
LEGAL BACKGROUNDS
LEGAL STATUS : Closely-held
Corporation
DATE OF INCORPORATION : 20NOV2000
REGISTERED IN : Lima
NOTARY OFFICE :
Jorge
Orihuela Ibérico
DURATION : Indefinite
REGISTRATION : Electronic Certificate No.11245542 (09.01.2001)
INITIAL CAPITAL : S/.40,000.= Nuevos Soles
CURRENT PAID-IN CAPITAL : S/.40,000.= Nuevos
Soles
LAST CAPITAL INCREASE : No increases reported.
TYPE OF SHARES : Registered
CURRENT EXCHANGE RATE : S/.2.90 per US$1.=
Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
ESCUDERO MACHUCA, AUBERTO HUGO General
Manager
MACHUCA POLICARPO, GODOFREDO ARISTIDES Administration Manager 50%
DE LA CRUZ BEDON, TOMAS Shareholder 50%
WHO IS WHO ?
ESCUDERO MACHUCA,
AUBERTO HUGO
NATIONALITY : Peruvian BORN : 22SEP1962
DOC. OF IDENT. : DNI 33242530
BACKGROUNDS .-
He was a member of the National Police until
1996.
He is the owner of the premises located on
Av. Alfredo Mendiola 891, Urb. Ingenieria,
San Martin de Porres/Lima,31
MACHUCA POLICARPO,
GODOFREDO ARISTIDES
NATIONALITY : Peruvian BORN : 1978
DOC. OF IDENT. : DNI 33258647
CIVIL STATUS : Single
BACKGROUNDS .-
Tax residency: Av. Próceres Urb. Parque
Naranjal, Los Olivos/Lima,39
DE LA CRUZ BEDON,
TOMAS
NATIONALITY : Peruvian BORN : 1947
DOC. OF IDENT. : DNI 09317344
CIVIL STATUS : Married to Alejandrina Vía Sotelo
BACKGROUNDS .-
Tax residency: Calle Los Hinojosos 530, Urb.
Las Flores, San Juan de Lurigancho/Lima,36
BUSINESS
MAIN ACTIVITY .-
Subject is engaged in import and commercialization of construction
materials and finishes, such as ceramic tiles, sets of taps, bathroom
accessories, sinks, tanks, majolica tiles, toilet furniture, etc.
Sold trademarks: SAN LORENZO, EDESA, RECORD, VANIGRIF, VACSA, VAINSA,
TEKA, ROTOPLAST, TARRACO, ARGENTA, DECORITE, MAPISA, CERPA, HISPANIA, ETERNIT.
IMPORT : Yes (From Spain
and Brazil; by direct credit at 90 to 120-day terms)
Annual Imports in US $(CIF) :
Year Amount
2005 299,414.00
2006 357,057.00
2007 324,681.00
2008 118,814.00
EXPORT : No
% CASH SALES/METHOD : 100%
% DOMESTIC PURCHASES : 10%
% FOREIGN PURCHASES : 90%
SELLING TERRITORY :
90% (Lima), 10% (Provinces)
EMPLOYEES : 16
FACILITIES .-
Premises : Rented Monthly
Amount:US$600.=
Area : 100 m2
Floors : 1
Condition : Good presentation
Use : Registered office,
administrative and commercial offices, and warehouse
Remarks and other Premises .-
During the visit to the
above-mentioned facilities, it was noted that the store was conveniently
supplied with goods and it is located at a very commercial area where there are
many stores of the same line of business.
Branch: Av. Alfredo Mendiola 1201, Centro
Comercial Construcenter, Tienda B-103, San Martin de Porres (Lima,31). Own
premises, of 1 floor, with an area of 35 m2.
Warehouses:
- Jr. Santa Violeta 257, San Martín de
Porres (Lima,31)
- Jr. Santa Lucrecia Km.280, Palao, San
Martín de Porres (Lima,31)
It is known that subject has three rented
warehouses in Palao, where it would be stored a stock of approx. US$400,000.=
Dollars, equivalent to 160,000 m2 in floor tiles. It is also known that in
warehouses of the company ALMACENERA BOCANEGRA SA there would be stored 8
merchandise containers.
COMMENTS .-
Its taxpayer ID No. (RUC) 20501630595 was
issued on 02.02.2001 to be engaged in wholesale of construction materials.
Subject is an authorized distributor of
CERAMICA SAN LORENZO SA and TARRACO.
Its clients are construction companies and
the general public.
FINANCIAL INFORMATION
As subject's policy is not to provide information, this report was
developed based on information found in several external consultation sources, where
although a thorough investigation was made, it was not found any updated
balance sheets or any kind of accounting figures.
FINANCIAL SITUATION : UNDETERMINED
INSURANCE .-
Company Against Validity
_
RIMAC INTERNACIONAL CIA. DE
SEGUROS Import risks Annually
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance?
_ Time _ Products/Services
Supplier
1 US$ 1,000.= US$ 1,000.= Draft/30 day
Prompt Jan.2003 Sinks Domestic
2 Open US$ 30,000.=
Ch./ 60 days Prompt 2003
Maritime freight services Domestic
3 Open S/. 20-30,000.=
Ch./ 7 days Prompt +5 years
Finishes
Domestic
4 Not specified. S/.
1,000.= Cash No
experience +5 years Ceramic tiles Domestic
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed
Alphabetically. There is not
relationship as for the order above
Supplier _ Telephone _
Agentes Tecnificados de
Aduana SA
Almacenera Bocanegra SA
Aprile Seafreight del
Perú 241.9444
Argenta Cerámica
Cerámica Casa Grande
Cerámica San Lorenzo SA 430.2120
Cerámicas Almeida
Cerpa
Impacto Grupo
Manufacturera de Metales y
Alumino Récord SA 436.7768
Mapisa
Representaciones Jemms
SA 534.2228
Roland Materiales Sanitarios
SAC 534.2228
Tarraco Sanitarios SRL
Teka
CREDIT RISK CENTRAL .-
Subject is reported with a
total of 16 protested documents for a lump sum of S/.186.=
Nuevos Soles, which are
detailed below:
2008: 03 Drafts for
S/.8,447.65 and US$2,236.48
2007: 05 Drafts for
S/.1,318.31 and US$6.601.23
2006: 03 Drafts for
US$2,293.01
2005: 04 Drafts for US$3,283.=
01 Promissory note for
US$19,396.=
It should be mentioned that 9
of those documents are still pending to be settled.
Also, subject is reported with
a delayed payment of basic telephone service for
S/.186.= Nuevos Soles, from
31.01.2006.
CREDIT HISTORY .-
Its report as of October 2003
showed some delayed payments within normal rules of the
sector.
BANKING INFORMATION
BANKERS
Bank Contact
BBVA BANCO CONTINENTAL José Luis Sandoval
Subject carries out its
financial operations through the above-mentioned bank which
refused to provide references
under internal policies.
SUPERINTENDENCY OF BANK &
INSURANCE - SBS .-
The SBS reported the following
debts before the Financial System as at 30APR2008 (Last Report)
Obligations DC(S/.) FC(US$)
Credit cards-contract 14,644. 0 0.00
Overdrafts-current
account 1,032.00 0.00
Discounts-drafts 50,162.00 0.00
Loans 269,408.00 0.00
Financial Leasing 39,842.00 0.00
Letters of credit 105,606.00 0.00
-------------------- --------------------
Total
Indebtedness S/. 480,694.00 US$
0.00
Guarantees S/. 124,645.00
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 Good Financial Situation, Prompt payments,
Consistent and Updated Information
PROBLEM
POTENTIAL Satisfactory Financial
Situation but cash flow can weaken which causes payment
DEFICIENT Deficient Financial Situation with
cash problems, profits shortage, continuos
DOUBTFUL Heavy
Financial Situation, cash flow shortage, continuos delayed payments, ove
LOSS Bad Financial Situation,
cash flow does not cover production costs, Declared b
Debt structure for Bank (domestic currency)
Bank Amount (S/.)
BCO.DE CREDITO 256.00
BCO.SCOTIABANK 28,160.00
BBVA BCO. CONTINENTAL 346,672.00
In its report as of
30.03.2008, the SBS reported under subject's name obligations for
S/.377,561.= Nuevos Soles,
with the 100% NORMAL rating.
The SBS has given subject the
100% NORMAL rating since 31.12.2005.
CREDIT OPINION
Consulted Credit Amount : €50,000.=
Viable ? :
NOTE: The Opinion given is confidential, referential and without liability.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.39 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)