MIRA INFORM REPORT

 

 

Report Date :           

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SAN JORGE INDUSTRIAL S.A.

 

 

Registered Office :

Prolongación Loreto 1608-1610, Breña, Lima, 5

 

 

Country :

Peru

 

 

Date of Incorporation :

04.12.1995

 

 

Com. Reg. No.:

File card 122196, Entry 1-A

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Manufacturer of plain weaves, spinning, weaving, dyeing, printing and finishes

 

 

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

 

Maximum Credit Limit :

US$10,000.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually 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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Peru

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

IDENTIFICATION        

                                                                                                                        

CORRECT COMPANY NAME

:

SAN JORGE INDUSTRIAL S.A.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RUC 20268681737

MAIN ADDRESS

:

Prolongación Loreto 1608-1610, Breña,

POSTAL CODE

:

Lima,5

CITY

:

Lima

DEPARTMENT/STATE

:

Lima

COUNTRY

:

PERU

TELEPHONE

:

3300900 - 3300097 - 3300143

FAX

:

33304409

WEB SITE

:

www.sanjorgetex.com

 

 

SUMMARY

 

FOUNDATION               : 1995

LAST CAPITAL : S/.11,243,453.= Nuevos Soles

SALES                         : 0.00

EMPLOYEES                : 173

PAYMENTS                  : Usually to terms/good

CHIEF EXECUTIVE        : GARNIQUE SANCHEZ, CARLOS ALBERTO

DISPOSITION               : (They) refused to give information (only confirmed some data).

           

 

LEGAL BACKGROUNDS                                                                                                                                  

 

LEGAL ESTATUS

:

Joint-Stock Company

DATE OF INCORPORATION

:

04DEC1995

START OF OPERATIONS

:

15/06/1995

REGISTERED IN

:

Lima

NOTARY OFFICE

:

Ricardo Ortiz de Zevallos.

DURATION

:

Perpetual

REGISTRATION

:

File card 122196, Entry 1-A

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

S/.11,243,453.= Nuevos Soles

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

Registered

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

S/.1.= Nuevo Sol

CURRENT EXCHANGE RATE

:

S/.2.75 Nuevos Soles per 1 USD

MEMBERSHIP

:

N/A

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

OWNERSHIP %

BRAVERMAN KORENFELD, JOSE

President

15%

COGAN, RAQUEL BRAVERMAN KUPERMAN DE

Director

15%

GARNIQUE SANCHEZ, CARLOS ALBERTO

General Manager

 

LOPEZ MALPARTIDA, LOURDES

Administrator

 

BRAVERMAN DE BATIESVSKY, CHARNA

Shareholder

15%

VINEDALE VENTURES

Parent Co.

55%

 

 

WHO IS WHO?                                                                                                                                 

 

BRAVERMAN KORENFELD, JOSE

NATIONALITY               : Peruvian

BORN                           : 29NOV1954

DOC OF IDENT.            :  08249066

HOME ADDRESS          : , Lima,27

TLF                              : 421.8706

 

GARNIQUE SANCHEZ, CARLOS ALBERTO

NATIONALITY               : Peruvian

DOC OF IDENT.            : DNI 10399690

 

VINEDALE VENTURES

 BACKGROUND INFORMATION

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER                                                                                                                                 

 

COMPANY NAME

COUNTRY

AX. REG.

RELATION

SAN JORGE MODA SAC

PERU

20503440530

Related

VINEDALE VENTURES

BRITISH VIRGIN ISLANDS

 

Parent Co.

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

Manufacture of plain weaves, spinning, weaving, dyeing, printing and finishes; as well as making of textile cotton products like blankets, sheets, bedspreads, dishtowels, etc.

 

IMPORT           : Yes

                        (Raw materials: Cotton, polyester, colourings, machinery from Argentina,

                        Belgium, China, India)

 

Annual Imports in US$ (CIF)     :

            Year       Monto

            2011     235,048.00

            2010     527,185.00

            2009     430,948.00

 

EXPORT           : Yes

                        (Textiles to USA and Netherlands)

Annual Exports in US$ (FOB)   :

            Year       Monto

            2010     205,774.00

            2009     294,947.00

 

% CASH SALES/METHOD

:

30% (30-day invoice)

% CREDIT SALES/TERMS

:

70% (Draft payable at 90 days)

% FOREIGN SALES (COUNTRIES)

:

20%

% DOMESTIC PURCHASES

:

60%

% FOREIGN PURCHASES

:

N/A

SELLING TERRITORY

:

Domestic and international market

EMPLOYEES

:

173

 

 

LOCATION .-

Premises

:

Own

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

5,000 m2

Floors

:

2

 

Remarks and other Premises .-

The Registered office, Administrative office, Printing Plant, Dry-Cleaner's and Laundromat operate at the heading address. Own two-story building with a 5,000 m2 area.

 

SPINNING AND WEAVING PLANT: Jr.San Andrés 6134, Los Olivos (Lima 39). Phone: 528.0759/528.1426. Own premises with a 20,000 M2 area.

 

WAREHOUSE: Jr.Dean Valdivia 710, Breña (Lima 5). Own premises.

 

COMMENTS .-

MAIN CLIENTS:

- ALICORP SA

- ENACO SA

- CENTRAL DE COMERCIO ALGODONERO SA

- COMERCIAL CARRASCO SA

 

PRINCIPALES INTERNATIONAL CLIENTS:

- COMERCIAL MAYRA (Ecuador)

- AMERICAN TERRY (USA)

- COMERCIALIZADORA MODATEX (Venezuela)

 

Sales Terms depend on its clients:

- Wholesale Distributors: Cash on delivery or 30-day invoice.

- Retailers: Cash or 3-day Deferred payment

- Industrial Sector: Drafts payable at 60 days.

- Export: With Sight letter of credit and/or 90-day collection.

 

 

FINANCIAL INFORMATION                                                                                                                                  

 

Interviewee(s)

:

Sra. Lourdes Lopez

Position(s)

:

Administrator

Cooperation

:

(They) refused to give information (only confirmed some data).

Information Provided

:

No information on the company's Balance Sheets is provided due to confidentiality policies.  We have consulted third-party sources, official and files, where the information contained in this report was gathered. There is no public access to financial information on the company.

 

FINANCIAL SITUATION                        :           UNDETERMINED

The company's Financial Standing is considered to be Undetermined since there is no financial information that allows us to asses its results.

 

PROPERTY OF THE COMPANY .-

PROPERTIES:

- Prolong. Loreto 1608, Breña (Lima 5) Head Office

- Jr. San Andrés 6134, Los Olivos (Lima 39) Production Office

- Jr. Dean Valdivia 710, Breña (Lima 5) Warehouse

- Jr. Gamarra 443, Tienda 609, La Victoria (Lima 13) Commercial Premises

 

OTHER ASSETS:

State-of-the-art Equipment and Machinery.

 

INSURANCE .-

Company

Againts

Amount

Expiration

PACIFICO PERUANO SUIZA CIA. DE SEGUROS Y

Various risks

Not specified

N/A

 

 

PAYMENTS RECORD                                                                                                                                 

 

TRADE REFERENCES .-

Supplier

Country

Tel.

Line of Credit

Monthly Average

Terms(days)

Perfomance?

Time

Products/Services

EMPRESA ALGODONERA S.A.

PERU

511 2248401

 Open

S/. 20,000.=

30-day invoice

Prompt

2007

Textile fibers

PRIMAX S.A.

PERU

511 2033100

 Not specified

N/A

N/A

Prompt

Sev. yrs

N/A

 

NOTE: Other Suppliers did not provide information or could not be consulted.

Supplier

Country

Tel.

HARTRODT ADUANAS S.A.C.

PERU

511 4639020

 

 

CREDIT RISK CENTRAL .-

No negative information about closed accounts or cancelled credit cards has been reported.

 

No returned checks, protested drafts or promissory notes have been reported.

 

 

BANKING INFORMATION                                                                                                                                  

 

BANKERS .-

Bank

Contact

Telephone

Account #

DC (S/.)

FC (US$)

BBVA BANCO CONTINENTAL S.A.A.

N/A

N/A

N/A

N/A

N/A

CREDITO DEL PERU S.A.

N/A

N/A

N/A

N/A

N/A

SCOTIABANK DEL PERU S.A.A.

N/A

N/A

N/A

N/A

N/A

Subject’s financial transactions are carried out through the above mentioned banks where it holds current accounts, credit facilities and other modalities, showing good banking experience and correct financial behavior.

 

 

Debt structure for Bank (Domestic Currency)

Bank

% Debt Rating

Current Debt DC

Current Debt FC

CONTINENTAL

 

1562118

0

CREDITO

 

1491679

0

 

RATING DESCRIPTION ACCORDING TO THE SBS

 

Normal .-          Good Financial Situation, Prompt payments, consistent Information, Increasing Trend, Creditworthy.

 

Potential Problem .-    Satisfactory Financial Situation but cash flow can be weak. Irregular payments. Irregular Trend.

 

Deficient .-Financial Situation, cash problems, profits shortage, delayed and overdue payments.

 

Doubtful .-        Heavy Financial Situation, liquidity shortage, notorious delayed payments, Judicial Collection, Bad Management.

 

Loss .-  Bad Financial Situation, Insufficient  funds, declared bankruptcy,debt default.

 

 

GENERAL INFORMATION                                                                                                                                  

 

REPUTATION .-

NOTHING  AGAINST COMPANY

 

 

CREDIT OPINION                                                                                                                                 

 

Requested Credit :       Maximum

 

Suggested Credit :       US$10,000.=

 

NOTE: The Opinion given is confidential referential and with out liability

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.