MIRA INFORM REPORT
|
Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GARANTIA TEXTIL S.A.C. |
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Registered Office : |
Manzana D-2, Lote 1, Urb. Lotización El Club 2da.
Etapa, Lurigancho, Lima |
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Country : |
Peru |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.05.2005 |
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Com. Reg. No.: |
Entry 11759923 - Public Registry of Com. |
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Legal Form : |
Closely-Held Corporation |
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Line of Business : |
Manufacture, wholesale and
retail of items of clothing (trousers, t-shirts, socks). |
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$55,750 Dollars |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Peru |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
|
CORRECT COMPANY NAME |
: |
GARANTIA TEXTIL S.A.C. |
|
TRADE NAME |
: |
"BREMER JEANS" |
|
TAXPAYER REGISTRATION |
: |
RUC 20512512021 |
|
MAIN ADDRESS |
: |
Manzana D-2, Lote 1, Urb.
Lotización El Club 2da. Etapa, Lurigancho |
|
CITY |
: |
Lima |
|
DEPARTMENT/STATE |
: |
Lima |
|
COUNTRY |
: |
PERU |
|
TELEPHONE |
: |
3711298 |
|
FAX |
: |
N/A |
|
WEB SITE |
: |
N/A |
COMMENTS -
Other e-mails:
- pbremerjean@hotmail.com
-
admbremerjeans@hotmail.com
SUMMARY
FOUNDATION :
2005
LAST CAPITAL :
S/.60,000.= Nuevos Soles
SALES :
7,500,000.00
EMPLOYEES :
8
PAYMENTS :
Usually to terms/good
CHIEF EXECUTIVE :
OBLITAS GUEVARA, JAVIER
DISPOSITION :
TOTAL (Full information and figures).
LEGAL BACKGROUNDS
|
LEGAL ESTATUS |
: |
Closely-held Corporation |
|
DATE OF INCORPORATION |
: |
10MAY2005 |
|
START OF OPERATIONS |
: |
01/03/2006 |
|
REGISTERED IN |
: |
Lima |
|
NOTARY OFFICE |
: |
José Luis Delgado Cambursano |
|
DURATION |
: |
Indefinite |
|
REGISTRATION |
: |
Entry 11759923 - Public
Registry of Com. |
|
INITIAL CAPITAL |
: |
S/.60,000.= Nuevos Soles |
|
CURRENT PAID-IN CAPITAL |
: |
S/.60,000.= Nuevos Soles |
|
LAST CAPITAL INCREASE |
: |
No increase reported |
|
SHAREHOLDERS' EQUITY |
: |
N/A |
|
TYPE OF SHARES |
: |
Registered |
|
LISTED AT STOCK EXCHANGE |
: |
No |
|
SHARE VALUE |
: |
S/.10.= Nuevos Soles |
|
CURRENT EXCHANGE RATE |
: |
S/.2.80 per USD1.00 |
|
MEMBERSHIP |
: |
N/A |
DIRECTORS / EXECUTIVES / SHAREHOLDERS
|
FULL NAMES / COMPANY NAME |
TITLE |
OWNERSHIP % |
|
OBLITAS GUEVARA, JAVIER |
General Manager |
90% |
|
CAMPOS, ELMER |
Accountant |
|
|
GUEVARA PITA, HENRY FERNANDO |
Shareholder |
10% |
WHO
IS WHO?
OBLITAS GUEVARA, JAVIER
NATIONALITY : Peruvian
BORN :
19JUN1967
DOC OF IDENT. : DNI 09820536
PROFESSION : Businessman
HOME ADDRESS : , Lima
BACKGROUND INFORMATION .-
His Tax ID RUC 10098205361 was written-off the
record definitively.
In accordance with the inquiries made at the
Attorney General's Office - Javier
Oblitas Guevara appeared as Defendant in several legal suits by different
crimes/offenses as follows:
- Violence and resistance to the Authority, filed
on 14.04.2008 by The Peruvian State, before the Third Criminal District
Attorney General's Office of Santa Anita.
-Failure to pay support, filed on 23.01.2006 by
Bremer Xavier Oblitas Blas, before the Third Superior Attorney General's Office
of Lima.
- Attempts against Acts and Functions, filed on 16.11.2004
by The Ministry of Work and Employment Promotion and by the Peruvian State,
before the 28th. Criminal District Attorney General's Office of Lima.
- Failure to pay support, and violence and
resistance to the authority, filed on 13.10.2003 by the Peruvian State and by
Bremer Xavier Oblitas Blas, before the 39th. Criminal District Attorney
General's Office of Lima.
- Failure to pay support filed on 11.07.2003 by Bremer Xavier Oblitas
Blas, before the 6th. Criminal District Attorney General's Office of Lima.
CAMPOS, ELMER
NATIONALITY : Peruvian
GUEVARA PITA, HENRY FERNANDO
NATIONALITY : Peruvian
DOC OF IDENT. : DNI 40402917
PROFESSION : Businessman
BUSINESS
MAIN ACTIVITY .-
Manufacture, wholesale and retail of items of
clothing (trousers, t-shirts, socks).
IMPORT : Yes
China,
India
Annual Imports in US$ (CIF) :
Year
Monto
2011 130,960.00
2010 557,428.00
2009 10,276,192.00
2008 676,562.00
2007 204,430.00
EXPORT : Yes
Colombia
Annual Exports in US$ (FOB) :
Year
Monto
2010 136,786.00
2009 410,244.00
2008 174,223.00
2007 151,743.00
2006 153,763.00
|
% CASH SALES/METHOD |
: |
N/A |
|
% CREDIT SALES/TERMS |
: |
N/A |
|
% FOREIGN SALES (COUNTRIES) |
: |
N/A |
|
% DOMESTIC PURCHASES |
: |
N/A |
|
% FOREIGN PURCHASES |
: |
N/A |
|
SELLING TERRITORY |
: |
Domestic and foreign markets |
|
EMPLOYEES |
: |
8 |
LOCATION .-
|
Premises |
: |
Rented |
|
Monthly Amount |
: |
N/A |
|
Time Occupied |
: |
N/A |
|
Area |
: |
N/A |
|
Floors |
: |
N/A |
Remarks and other Premises .-
Headquarters and plant are located at the above
address.
Branches and Business Premises:
- Jr. Gamarra No. 893, La Victoria, Lima (Lima,13)
- Jr. Gamarra No.646, Galería Guizado, La Victoria,
Lima (Lima,13)
- Prolongación Gamarra No. 743, La Victoria, Lima
(Lima,13)
COMMENTS .-
This is considered a small-sized company in this
sector.
FINANCIAL INFORMATION
|
Interviewee(s) |
: |
Elmer Campos |
|
Position(s) |
: |
Accountant |
|
Cooperation |
: |
TOTAL (Full information and
figures). |
|
Information Provided |
: |
Once authorized, Mr. Campos
confirmed information, including main accounts of the Balance Sheet for the
Fiscal Year ended as of 31/12/2010,
compared with that for the FY 2008. Balance sheet 2009 was not
available. We also consulted
third-party sources, official where we
got additional information contained in this report. GARANTIA TEXTIL S.A.C. is a privately-held
Peruvian company with 6 years of experience in the market dedicated to
manufacturing items of clothing to be sold nationwide and abroad. It has suitable infrastructure and
technical equipment to carry out its activities. Three of its business
premises are located in the well-known emporium called "Gamarra".
It is considered a small-sized company as it has only 8 employees. According
to the above figures sales of the Company have increased, indebtedness level
is moderate and results are positive at the end of the period. |
BALANCE SHEET
|
BALANCE SHEET DATE |
31DEC2010 |
31DEC2008 |
|
|
|
PERIOD |
12 months |
12 months |
|
|
|
EXCHANGE RATE PER US$ |
2.80 |
3.10 |
|
|
|
CURRENCY |
Nuevos Soles |
Nuevos Soles |
|
|
|
ASSETS |
|
|
|
|
|
TOTAL CURRENT |
3,000,000.00 |
430,000.00 |
|
|
|
FIXED |
1,500,000.00 |
820,000.00 |
|
|
|
TOTAL ASSETS |
4,500,000.00 |
1,250,000.00 |
|
|
|
LIABILITIES |
|
|
|
|
|
TOTAL CURRENT |
2,000,000.00 |
240,000.00 |
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|
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SHAREHOLDERS' EQUITY |
|
|
|
|
|
TOTAL EQUITY |
2,500,000.00 |
1,010,000.00 |
|
|
|
TOTAL LIABILITIES |
4,500,000.00 |
1,250,000.00 |
|
|
|
SALES |
7,500,000.00 |
5,000,000.00 |
|
|
|
PROFIT(LOSS) |
500,000.00 |
230,000.00 |
|
|
RATIO
|
LIQUIDITY RATIO |
1.50 |
(Current Assets/Current
Liabilities) |
|
DEBT-TO-EQUITY RATIO |
125.00 |
(Shareholders's
equity/Current Liabilities %) |
|
PROFITABILITY MARGIN |
6.67 |
(Profits/Sales %) |
|
WORKING CAPITAL |
1,000,000.00 |
(Current Assets - Current
Liabilities) |
FINANCIAL SITUATION : SATISFACTORY
Financial standing is deemed to be satisfactory as
liquidity exceeds the average ratio.
Working capital is positive and allows payments to be made in a good
order. Debt-to-equity ratio is acceptable. Final results have been favorable.
Specialized sources consulted reported a NSF check
dated 2007 and two protested drafts dated 2009 and 2010, all of them to be
regularized before the Chamber of Commerce, while, recent trade references from
its suppliers revealed payments made on time.
INSURANCE .-
The Company is not insured.
PAYMENTS RECORD
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
TONY BORDADOS TEXTILES
S.A.C. |
PERU |
(511) 3245278 |
|
US$ 15,000.= |
CASH |
No experience |
2001 |
Embroidered labels |
|
TUBOTEX S.A.C. |
PERU |
(511) 3245278 |
Open |
US$ 10,000.= |
Inv./30 days |
Prompt |
2001 |
Labels |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
CORPORACION LA NOIRE S.A.C. |
PERU |
(511) 4521846 |
|
CHORRILLOS COLOR S.A. |
PERU |
(511) 2540037 |
|
PERUVIAN KNITS S.A.C. |
PERU |
N/A |
|
LAHOTI OVERSEAS LTDA. |
INDIA |
N/A |
CREDIT HISTORY .-
We asked other suppliers for information but they
do not provide references.
BANKING INFORMATION
BANKERS .-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
DE CREDITO DEL PERU S.A. |
N/A |
N/A |
N/A |
N/A |
N/A |
The Company deals with the aforesaid bank which
refused to give information about its client under bank secrecy.
CREDIT OPINION
Requested Credit Rating : MAXIMUM CREDIT
This Company is eligible for a credit limit
amounting to US$55,750.= Dollars.
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.73.12 |
|
Euro |
1 |
Rs.64.39 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.