MIRA INFORM REPORT
|
Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
FARIDE ALGODON DEL PERU S.R.L. |
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Registered Office : |
Antonio Bazo 784 La Victoria, Lima |
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Country : |
Peru |
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Date of Incorporation : |
03.03.1995 |
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Com. Reg. No.: |
Registration No.11050700 of Public Registry of
Co. |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
import of textile products (threads, yarns, fabrics) |
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 : |
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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
|
CORRECT
COMPANY NAME |
:
|
FARIDE ALGODON DEL PERU
S.R.L. |
|
TRADE
NAME |
:
|
"COMERCIAL FARIDE" |
|
TAXPAYER
REGISTRATION |
:
|
RUC 20263804300 |
|
MAIN
ADDRESS |
:
|
Antonio Bazo 784 La
Victoria, |
|
CITY |
:
|
Lima |
|
DEPARTMENT/STATE |
:
|
Lima |
|
COUNTRY |
:
|
PERU |
|
TELEPHONE |
:
|
3237348 |
|
FAX |
:
|
N/A |
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WEB
SITE |
:
|
N/A |
SUMMARY
FOUNDATION :
1995
LAST CAPITAL : S/.100,000.= Nuevos Soles
SALES :
0.00
EMPLOYEES :
19
PAYMENTS : Usually to terms/good
CHIEF EXECUTIVE :
RODRIGUEZ GAVIRIA, RICARDO
DISPOSITION :
Report prepared through third-party sources.
LEGAL BACKGROUNDS
|
LEGAL
ESTATUS |
:
|
Limited Liability Company |
|
DATE
OF INCORPORATION |
:
|
10MAY1995 |
|
START
OF OPERATIONS |
:
|
03/03/1995 |
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REGISTERED
IN |
:
|
Lima |
|
NOTARY
OFFICE |
:
|
Jose Alfredo Paino
Scarpatti. |
|
DURATION |
:
|
Indefinite |
|
REGISTRATION |
:
|
Registration No.11050700 of
Public Registry of Co. |
|
INITIAL
CAPITAL |
:
|
S/.100,000.= Nuevos Soles
(100% paid-in) |
|
CURRENT
PAID-IN CAPITAL |
:
|
S/.100,000.= Nuevos Soles |
|
LAST
CAPITAL INCREASE |
:
|
No increases reported. |
|
SHAREHOLDERS'
EQUITY |
:
|
N/A |
|
TYPE
OF SHARES |
:
|
Interests |
|
LISTED
AT STOCK EXCHANGE |
:
|
N/A |
|
SHARE
VALUE |
:
|
S/.100.= Nuevos Soles |
|
CURRENT
EXCHANGE RATE |
:
|
S/.2.80 Nuevos Soles per
US$1.= Dollar |
|
MEMBERSHIP |
:
|
N/A |
COMMENTS
.-
Estate of Percy Mario Mardini Rodriguez, is made up
by Rosa Aurora Farach de Mardini, Amire Lourdes Reina, Royina Rosa Elena, Maria
Guadalupe, Nuri Narda, Percy Carlos Nicolás, Jalil Musbaj, Faride Mayra, Fetnan
Royina, Yildiz Royina, Nayme Royina Mardini Farach , duly entered in the Entry
No.11005500 Registry of Individuals.
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
OWNERSHIP
% |
|
RODRIGUEZ GAVIRIA, RICARDO |
General Manager |
95% |
|
MARDINI RODRIGUEZ, PERCY
MARIO (SUCESION) |
Shareholder |
5% |
WHO
IS WHO?
RODRIGUEZ
GAVIRIA, RICARDO
NATIONALITY : Peruvian
BORN : 05MAY1965
DOC OF IDENT. : DNI 09175815
CIVIL STATUS : Married to Faride Mayra Mardini Farach
BACKGROUND INFORMATION .-
LAWSUITS
Mr. Rodríguez Gaviria, Ricardo was found to be a
defendant in the following legal proceedings:
22/03/2000: Trial for crimes of usurpation and
damages, brought against him and other defendants before the 13th. Provincial
Criminal Prosecutor's Office of Lima. Plaintiffs: Palomino De La Cruz Gonzalo,
Asociación Junta de Propietarios del Edificio Galerías Aviación, Monzó Ramirez
Javier Solano (REP), and Quispe Alvarado
Nilo and Quispe Ponce Máximo. Date of exit: 19/05/2000
21/05/2001: Criminal trial for the crime of theft
before the 25th Provincial Criminal Prosecutor's Office of Lima, brought by
Chichay Laurente Evaristo. Date of exit:
07/06/2001
27/01/2004: Trial for crimes of usurpation and
generic falsehood, brought against him and other defendants, before the 3rd.
Higher Criminal Prosecutor's Office of Lima. Defendants: Junta de Propietarios
del Edificio Galerías Aviación and the State.
Date of exit: 24/02/2004
23/06/2004: Environmental Crimes Trial, brought
against him before the 4th. Provincial
Criminal Prosecutor's Office of Lima. Defendant: The Society. Date of exit:
24/06/2004
11/10/2004: Environmental Crimes Trial, brought against
him before the 6th. Provincial Criminal Prosecutor's Office of Lima. Defendant:
The State. Date of exit: 02/02/2005
09/05/2005: Trial for crimes of violence and
resistance to authority, brought against him and other defendants, before the
Tenth Provincial Criminal Prosecutor's Office of Lima. Defendant: Mr. Quispe
Alvarado, Gabriel Nilo. Date of exit: 23/05/2005
27/06/2006: Summary Criminal Trial by Desob. and
Resist. To Official Order, brought against him and other accused before the
3rd. Higher Criminal Prosecutor's Office in Lima. Defendant: The State. Date of
exit: 13/07/2006
HiSTORY
Subject was incorporated by Notarial Instrument,
dated 10/05/1995, before Notary Public Paino Scarpatti Jose Alfredo in Lima
city and by Amendment Notarial Instrument, dated 05/10/1998, before Notary
Public Laos de Lama, Eduardo replacing Paino Scarpatti, Alfredo during the
leave granted by the College of Notaries of Lima. Subject was originally
incorporated under the corporate name TEXTIL COMERCIAL FARIDE S.R.L.
Subject's registered office is fixed in Lima and it
may establish branches or offices anywhere in the country or abroad.
As founders are listed the same current partners.
On 04/11/1998, it changed its corporate name to
FARIDE ALGODON DEL PERU S.R.L.
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
|
COMPANY NAME |
COUNTRY |
AX. REG. |
|
|
ALGODONERA TAREK S.A.C. |
PERU |
20509541613 |
|
BUSINESS
MAIN
ACTIVITY .-
Subject is engaged in import of textile products
(threads, yarns, fabrics).
It is also engaged in manufacture of knitted
fabrics.
It provides dyeing services.
IMPORT : Yes
(From
Albania, Germany, India, Japan, Portugal, USA, Vietnam)
Annual Imports in US$ (CIF) :
Year
Monto
2011 2,395,292.00
2010 2,786,228.00
2009 7,824,688.00
EXPORT : No
|
%
CASH SALES/METHOD |
:
|
N/A |
|
%
CREDIT SALES/TERMS |
:
|
N/A |
|
%
FOREIGN SALES (COUNTRIES) |
:
|
N/A |
|
%
DOMESTIC PURCHASES |
:
|
15% |
|
%
FOREIGN PURCHASES |
:
|
Estate of Percy Mario
Mardini Rodriguez, is made up by Rosa Aurora Farach de Mardini, Amire Lourdes
Reina, Royina Rosa Elena, Maria Guadalupe, Nuri Narda, Percy Carlos Nicolás,
Jalil Musbaj, Faride Mayra, Fetnan Royina, Yildiz Royina, Nayme Royina
Mardini Farach , duly entered in the Entry No.11005500 Registry of
Individuals. |
|
SELLING
TERRITORY |
:
|
100% (Domestic market) |
|
EMPLOYEES |
:
|
19 |
LOCATION
.-
|
Premises |
:
|
Rented |
|
Monthly
Amount |
:
|
N/A |
|
Time
Occupied |
:
|
N/A |
|
Area |
:
|
N/A |
|
Floors |
:
|
N/A |
Remarks and other Premises .-
Subject's registered office and head offices are
located on the above-mentioned address.
Factory: Calle Icaro K, Interior 6, Urbanización La
Campiña, Chorrillos (Lima,9) Tel.: 252.4952.
Branch: Jr. Sebastián Barranca 1520, La Victoria
(Lima, 13)
Warehouses:
- Av. Los Frutales 333, Ate (Lima,3).
- Av. Los Faisanes Mza. L-2 Lote 4-A, Urb. La
Campiña, Chorrillos (Lima,9)
COMMENTS .-
Subject sells on a cash and credit basis.
Its registered business purpose is sale, purchase, import,
export, distribution and trading of knitted fabrics and similar items; to carry
out knitting, weaving and dyeing services; import of threads, yarns, fabrics,
machinery and spare parts for the textile industry.
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
N/A |
|
Position(s) |
:
|
N/A |
|
Cooperation |
:
|
Report prepared through
third-party sources. |
|
Information
Provided |
:
|
Under instructions from the
General Manager, they refused to provide any information about subject's
operations. Therefore, this report was
developed with information that was collected from third-party sources, official,
and own archives. It was not obtained
any financial information; however, it was possible to learn about total
sales amounts for the fiscal years 2008 and 2007. FARIDE ALGODON DEL PERU S.R.L. is a
privately-held Peruvian company that was incorporated in 1995 and is engaged
in manufacture of textile products for local sale. It is considered as a
medium-sized company within its line of business. |
Total Sales for the Fiscal Year 2008
S/.32,000,000.=
Total Sales for the Fiscal Year 2007
S/.23,077,910.=
FINANCIAL
SITUATION : UNDETERMINED
This company's Financial Situation is deemed to be
Undetermined because it was not found any financial information to assess its
results.
INSURANCE
.-
It was not possible to obtain any information on
insurances.
PAYMENTS
RECORD
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
JOSE ALFONSO SILVA LOPEZ
S.A. |
PERU |
511 6138400 |
Open |
US$ 8,000-10,000.= |
Invoice/30 days |
Prompt |
2003 |
Customs services and
formalities |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
GEP S.A. AGENCIA DE ADUANA |
PERU |
N/A |
CREDIT RISK CENTRAL .-
It was not found any adverse records on cancelled
accouts or credit cards.
It was not found any adverse records on NSF checks,
protested drafts or promissory notes.
It was not found any adverse records on payments in
default, written-down portfolio, cancelled credits due to mishandling, or
similar issues.
Subject is a taxpayer with no tax debts under
coercive collection. It was not found any adverse records on tax omissions in
risk information centers.
It was not found any adverse information on welfare
debts with any pension fund administrators.
BANKING
INFORMATION
BANKERS
.-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
SCOTIABANK DEL PERU S.A.A. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
BBVA BANCO CONTINENTAL S.A.A |
N/A |
N/A |
N/A |
N/A |
N/A |
Subject carries out its financial operations
through the above-mentioned entities, where subject holds current accounts,
credit facilities, and other modes. It shows a good banking experience and a
proper financial performance.
Debt structure for Bank
(Domestic Currency)
|
Bank |
% Debt Rating |
Current Debt DC |
Current Debt FC |
|
BBVA Banco Continental
S.A.A. |
|
16651 |
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.
CREDIT
OPINION
Requested
Credit Rating : Credit limit
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
|
UK Pound |
1 |
Rs.63.57 |
|
Euro |
1 |
Rs.72.97 |
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.