MIRA
INFORM REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BANCO CONTINENTAL DEL
PERU S.A. |
|
|
|
|
Registered Office : |
República de Panamá 3055-3065, Urb.El Palomar, San Isidro Lima,27 |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
20.08.1951 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
Dedicated to attracting, placing resources,
provide services and perform all financial intermediation activities
permitted by the General Law of Banking Institutions, Financial and Insurance |
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 : |
No Complaints |
|
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 |
Identification
|
CORRECT COMPANY NAME |
: |
BANCO CONTINENTAL DEL PERU
S.A. |
|
TRADE NAME |
: |
"BBVA BANCO
CONTINENTAL" |
|
TAXPAYER REGISTRATION |
: |
RUC 20100130204 |
|
MAIN ADDRESS |
: |
República de Panamá
3055-3065, Urb.El Palomar, San Isidro |
|
POSTAL CODE |
: |
Lima,27 |
|
CITY |
: |
Lima |
|
DEPARTMENT/STATE |
: |
Lima |
|
COUNTRY |
: |
PERU |
|
TELEPHONE |
: |
2111000 - 4217272 – 4217222 |
|
FAX |
: |
2111788 - 2112404 – 2112423 |
|
WEB SITE |
: |
www.bbvacontinental.com |
SUMMARY
FOUNDATION :
1951
LAST CAPITAL : S/.1,843,427,288.31 Nuevos Soles (paid up)
SALES :
0.00
EMPLOYEES : 4838
PAYMENTS :
Usually to
terms/good
CHIEF EXECUTIVE : TORRES LLOSA VILLACORTA, EDUARDO
DISPOSITION :
Report prepared through third-party sources.
Legal
backgrounds
|
LEGAL ESTATUS |
: |
Joint-Stock Company |
|
DATE OF INCORPORATION |
: |
20AUG1951 |
|
START OF OPERATIONS |
: |
09/10/1951 |
|
REGISTERED IN |
: |
Lima |
|
NOTARY OFFICE |
: |
N/A |
|
DURATION |
: |
Indefinite |
|
REGISTRATION |
: |
File 117639, Licence 5614953 |
|
INITIAL CAPITAL |
: |
N/A |
|
CURRENT PAID-IN CAPITAL |
: |
S/.1,843,427,288.31 Nuevos
Soles (paid up) |
|
LAST CAPITAL INCREASE |
: |
03/12/2009 |
|
SHAREHOLDERS' EQUITY |
: |
N/A |
|
TYPE OF SHARES |
: |
N/A |
|
LISTED AT STOCK EXCHANGE |
: |
Yes |
|
SHARE VALUE |
: |
S/.1.= Nuevo Sol |
|
CURRENT EXCHANGE RATE |
: |
S/. 2.74 per 1.00 USADollar |
|
MEMBERSHIP |
: |
N/A |
COMMENTS .-
Company is registered in the Entry 1, page 109 of
Volume 118 of the Companies Registry of Lima and then on the File 117639 and Certificate
11014915 of the Register of Legal Entities of Lima. Its term of duration is
indefinite, and its purpose is to engage in all banking activities permitted by
law. Its main office is located in the city of Lima, San Isidro district and
has 246 commercial offices distributed in Lima and provinces. Also has an
office of Global Clients and Investment Banking, an Institutional Banking
office, an office of Private Banking and 17 offices of Corporate Banking.
The issued capital amounts to S/.1, 471,242,652.31
(Nuevos Soles).
The 3.27% of share capital is held by other
minority shareholders.
The Subject is included in the Regime of General
Sales Tax Withholding Agents (R.S. 037-2002) since 01.06.2002.
Directors/executives/shareholders
|
FULL NAMES / COMPANY NAME |
TITLE |
OWNERSHIP % |
|
BRESCIA CAFFERATA, PEDRO |
President |
|
|
BRESCIA CAFFERATA, MARIO
AUGUSTO |
Director |
|
|
BRESCIA MOREYRA, PEDRO
MANUEL JUAN |
Director |
|
|
COLOMER GUIU, JOSE ANTONIO |
Director |
|
|
FORT BRESCIA, ALEX PAUL
GASTON |
Director |
|
|
GARCIA RICO, JOSE ANTONIO |
Director |
|
|
MENDEZ DEL RIO, MANUEL
ANTONIO |
Director |
|
|
RODERO RODERO, VICENTE |
Director |
|
|
TORRES LLOSA VILLACORTA,
EDUARDO |
Executive Director |
|
|
BRESCIA MOREYRA, FORTUNATO
JUAN JOSE |
Alternate Director |
|
|
BRESCIA MOREYRA, MARIO
AUGUSTO MIGUEL |
Alternate Director |
|
|
ARBOCCO VALDERRAMA, EDGARDO
AGUSTIN |
Deputy Director |
|
|
DONAIRE MECA, JORGE |
Deputy Director |
|
|
ECHEBARRIA GARATE, IÑIGO |
Deputy Director |
|
|
FORT DEL SOLAR, LUIS FELIPE
GUILLERMO |
Deputy Director |
|
|
BRUCE MARTICORENA, KARINA
VICTORIA |
Deputy General Manager |
|
|
SERRANO, VICENTE |
Risk Manager |
|
|
BALBIN BUCKLEY, JAVIER
ALBERTO |
Distribution Area Manager |
|
|
CAMARGO CARDENAS, GONZALO |
Financial Manager |
|
|
CHANG BERNAL, JESSICA |
Corp.Banking Business Mgr |
|
|
DE LA LUZ DAVALOS, LUIS
IGNACIO |
Finance Area Manager |
|
|
GOLDSZMIDT BITERMAN, JOSE
ABY |
Mgr.Treasury and Markets |
|
|
GONZALEZ DE SAENZ, ENRIQUETA |
Dpty.Gral.Mgr.Legal |
|
|
GONZALEZ SARAROLS, MARCELO |
Risk Area Manager |
|
|
LOO PUN, CARLOS DAVID |
Accounting Manager |
|
|
QUINTANILLA SALINAS, IGNACIO
PAULO M |
Innovation and Develop.Mg |
|
|
ZAMUDIO RODRIGUEZ, MIRTHA
ALFONSINA |
Media Manager |
|
|
BORRA NUÑEZ, WALTER ARY |
Internal Auditor |
|
|
LUI COLAN, LUISA TERESA |
Legal Representative |
|
|
CIGUEÑAS ESPINEL, IRMA
MILAGROS |
Legal Representative |
|
|
AFP HORIZONTE S.A. |
Shareholder / Member |
1.73% |
|
HOLDING CONTINENTAL S.A. |
Parent Co. |
92.08% |
|
AFP INTEGRA S.A. |
Shareholder / Member |
1.73% |
|
AFP PROFUTURO |
Shareholder / Member |
1.03% |
Who
is who?
BRESCIA CAFFERATA, PEDRO
NATIONALITY : Peruvian
DOC OF IDENT. : DNI 08262069
TAX ID : 10082620694
PROFESSION : Agricultural Engineer
HOME ADDRESS : Javier Prado Este 800, San Isidro, Lima
TLF : 4420739
BACKGROUND INFORMATION .-
Doctor Honoris Causa from the Universidad Nacional
de Ingeniería, Doctor Honoris Causa from the Universidad Nacional Agraria as
well.
Member of the Board of Directors of several
companies of the group BRESCIA.
Associated as per our database
to :
|
Company |
Position |
Tax. Reg. |
Country |
|
MINSUR S.A. |
President |
20100136741 |
PERU |
|
SOLDEXA S.A. |
|
20100094054 |
PERU |
|
NITRATOS DEL PERU S.A. |
President |
20477912355 |
PERU |
|
SOLDEX S.A. |
|
20536903519 |
PERU |
|
ALMACENERA CONTINENTAL S.A. |
President |
20100132321 |
PERU |
|
EXSA S.A. |
President |
20100094135 |
PERU |
|
INVERSIONES NACIONALES DE TURISMO S.A. |
Director |
20114803228 |
PERU |
|
COMPAÑIA MINERA RAURA S.A. |
Vice President |
20100163552 |
PERU |
|
CORPORACION BACKUS Y JOHNSTON S.A. |
Director |
20100121558 |
PERU |
|
COGRA S.A. |
Representative |
20100158478 |
PERU |
|
AGRICOLA HOJA REDONDA S.A. |
|
20136222725 |
PERU |
|
INVERSIONES CENTENARIO
S.A.A. |
Director |
20101045995 |
PERU |
Subject is reported to
participate or have participated in :
|
Company |
Position |
Country |
|
BANCO CONTINENTAL DEL PERU
S.A. |
|
PERU |
BRESCIA MOREYRA, PEDRO MANUEL
JUAN
NATIONALITY : Peruvian
DOC OF IDENT. : DNI 08273139
PROFESSION : Economist
Associated as per our database
to :
|
Company |
Position |
Tax. Reg. |
Country |
|
CORPORACION PERUANA DE
PRODUCTOS QUIMICOS S.A. |
President |
20100073723 |
PERU |
|
ABRASIVOS INDUSTRIALES S.A. |
President |
20100199662 |
PERU |
|
COMPAÑIA MINERA RAURA S.A. |
Director |
20100163552 |
PERU |
|
INVERSIONES NACIONALES DE TURISMO
S.A. |
General Director |
20114803228 |
PERU |
|
EXSA S.A. |
Director |
20100094135 |
PERU |
|
MINSUR S.A. |
Director |
20100136741 |
PERU |
|
ALMACENERA CONTINENTAL S.A. |
Director |
20100132321 |
PERU |
|
COGRA S.A. |
Representative |
20100158478 |
PERU |
|
AGRICOLA HOJA REDONDA S.A. |
Director |
20136222725 |
PERU |
|
CORPORACION BACKUS Y JOHNSTON S.A. |
Director |
20100121558 |
PERU |
|
SOLDEXA S.A. |
Director |
20100094054 |
PERU |
|
SOLDEX S.A. |
|
20536903519 |
PERU |
Subject is reported to
participate or have participated in :
|
Company |
Position |
Country |
|
CENTRAL DE COMERCIO
ALGODONERA |
Executive |
PERU |
|
BANCO CONTINENTAL DEL PERU
S.A. |
|
PERU |
TORRES LLOSA VILLACORTA,
EDUARDO
NATIONALITY : Peruvian
BORN : 1959
DOC OF IDENT. : DNI 09377923
PROFESSION : Economist
CIVIL STATUS : Married
BACKGROUND INFORMATION .-
Holds the position of General Manager At BBVA BANCO
CONTINENTAL since on 13/12/2007.
Previously he was Manager of Corporate & Institutional Banking. Also member
of the Board since 31/03/2011.
ARBOCCO VALDERRAMA, EDGARDO
AGUSTIN
NATIONALITY : Peruvian
BORN : 19SEP1941
DOC OF IDENT. : DNI 08228911
TAX ID : 10082289114
HOME ADDRESS : Alfredo Galeón 168, Urb. Chacarilla del Estanque, San Borja, Lima
BACKGROUND INFORMATION .-
He takes part of the Board of Directors for
different firms belonging to "BRESCIA" Group.
He was born in 1929 and studied in the Public
Agriculture University having earned degree of Agriculture Engineer.
In 1997, he was awarded as Honorary Professor by
Universidad Nacional del Antiplano - Puno. In 1999, the Universidad Nacional de
Ingeniería (Public Engineering University) granted to him the medal Eduardo de
Habich and the denomination of Honorary
Professor in 2001 to the University San Agustin de Arequipa; He also obtained
the Engineering Order granted by the Engineers' Association of Peru.
Engineer and prominent Businessman performing
Manager responsibilities in the Bank and Insurance, mining and tourism sector.
He carried out important development and
competitiveness projects for the country.
His enterprising nature and leadership of the
Brescia Group has determined the generation of employments and incomes for
thousand of families.
(Awarded
with Work order "Gran Oficial " pursuant R.S. N° 011-2008-TR)
Associated as per our database
to :
|
Company |
Position |
Tax. Reg. |
Country |
|
ADMINISTRACION DE EMPRESAS
S.A. |
|
20100114934 |
PERU |
|
AGRICOLA HOJA REDONDA S.A. |
|
20136222725 |
PERU |
|
CORPORACION AESA S.A. |
|
20516927560 |
PERU |
|
URBANIZACION JARDIN S.A. |
|
20100136580 |
PERU |
|
SERVICIOS AERONAUTICOS
UNIDOS S.A.C. |
|
20517273393 |
PERU |
|
CENTRIA SERVICIOS ADMINISTRATIVOS
S.A. |
|
20516927560 |
PERU |
|
INVERSIONES SAN BORJA S.A. |
|
20100136661 |
PERU |
|
COMPAÑIA URBANA MONTEVIDEO
S.A. |
|
20101071724 |
PERU |
|
INVERSIONES BRECA S.A. |
|
20100136318 |
PERU |
|
INVERSIONES CENTENARIO
S.A.A. |
|
20101045995 |
PERU |
|
CUBICA GESTORA INMOBILIARIA
S.A.C. |
|
20522094715 |
PERU |
|
URBANIZACION SANTA MARINA
S.A. |
|
20100136407 |
PERU |
|
ALGHIERI INMOBILIARIA S.A.C. |
|
20518431341 |
PERU |
Subject is reported to participate
or have participated in :
|
Company |
Position |
Country |
|
BANCO CONTINENTAL DEL PERU
S.A. |
|
PERU |
BALBIN BUCKLEY, JAVIER ALBERTO
NATIONALITY : Peruvian
DOC OF IDENT. : DNI 07879913
PROFESSION : Economist
BACKGROUND INFORMATION .-
He holds the position of Manager Area of Retail Distribution Network since 01/01/2008. Previously he was Business Development Manager.
QUINTANILLA SALINAS, IGNACIO
PAULO M
NATIONALITY : Peruvian
BORN : 09SEP1966
DOC OF IDENT. : 29228389
PROFESSION : Attorney at Law
BACKGROUND INFORMATION .-
At BBVA BANCO CONTINENTAL holds the position of
Area Manager of Innovation and Development since 01/01/2008. Previously he was
Manager of Commercial Channels.
LUI COLAN, LUISA TERESA
DOC OF IDENT. : DNI 09865211
CIGUEÑAS ESPINEL, IRMA
MILAGROS
DOC OF IDENT. : DNI 10299568
AFP HORIZONTE S.A.
BACKGROUND INFORMATION
HOLDING CONTINENTAL S.A.
BACKGROUND INFORMATIONCompany.
AFP INTEGRA S.A.
BACKGROUND INFORMATION
AFP PROFUTURO
BACKGROUND INFORMATION
Business
history
Banco Continental was founded in 1951 by Peruvian entrepreneurs.
In 1964, Chase Manhattan Bank of New York acquired 51% of the capital and in 1968 the Deutsch Sudamerikanische Bank of Germany bought 5%.
In 1970 during the military government, was taken over by the Banco de la Nacion and by the importance that it was acquiring in the commercial banking system, the State granted ownership of the banks Amazónico, Nor Perú and Los Andes, in the year 1992.
During the second quarter of 1995 its privatization was materialized, with the awarded winner in the auction being the consortium made up by the Spanish group Banco Bilbao Vizcaya (BBV) and Grupo Brescia of Peruvian origin, through Holding Continental SA.
In July 1998 the State transferred the rest of its shares, equivalent to 19.12% under the mechanism of Public Offering of Securities. Holding Continental SA Today has a shareholding of 92.24%.
On 01/12/1999 it was unanimously agreed to merge Banco Continental SA and Financiera San Pedro SA.
Related companies to subject
company or to majority shareholder
|
COMPANY NAME |
COUNTRY |
AX. REG. |
RELATION |
|
ADMINISTRACION DE EMPRESAS
S.A. |
PERU |
20100114934 |
Related |
|
AFP HORIZONTE S.A. |
PERU |
20143980821 |
Shareholder / Member |
|
AFP INTEGRA S.A. |
PERU |
20157036794 |
Shareholder / Member |
|
AFP PROFUTURO |
PERU |
|
Shareholder / Member |
|
ALMACENERA CONTINENTAL S.A. |
PERU |
20100132321 |
Related |
|
CLINICA INTERNACIONAL S.A. |
PERU |
20100054184 |
Related |
|
CONTIDATA S.A. |
PERU |
20102022212 |
Related |
|
CONTINENTAL BOLSA SOCIEDAD
AGENTE DE BOLSA |
PERU |
20342020870 |
Related |
|
CONTINENTAL SA SOCIEDAD
ADMINISTRADORA DE FONDOS MUTUOS DE INVERSION EN VALORES |
PERU |
20375862778 |
Related |
|
CONTINENTAL SOCIEDAD
TITULIZADORA S.A. |
PERU |
20425641761 |
Related |
|
CORPORACION PERUANA DE
PRODUCTOS QUIMICOS S.A. |
PERU |
20100073723 |
Related |
|
HOLDING CONTINENTAL S.A. |
PERU |
20266041846 |
Parent Co. |
|
INMOB. CONTINENTAL S.A. |
PERU |
20420157259 |
Related |
|
SOLDEX S.A. |
PERU |
20536903519 |
Related |
|
SOLDEXA S.A. |
PERU |
20100094054 |
Related |
Business
MAIN ACTIVITY .-
Currently it is dedicated to attracting, placing resources,
provide services and perform all financial intermediation activities permitted
by the General Law of Banking Institutions, Financial and Insurance.
The Banco Continental provides investors financing for
their investment projects through its Investment Banking area, offering a
variety of exchange trading and Over-the-counter (OTC)and/ or off-exchange
trading and, future operations, leasing bonds, mortgage, etc..
It also has authority to manage mutual funds, a
combination of fixed income and equities.
IMPORT : Yes
Australia,
Brazil, Canada, Chile, China, Colombia, Denmark, France, Germany,
Israel,
Italy, Japan, Korea, Mexico, Philippines, Poland, Spain, Sweden
Annual Imports in US$ (CIF) :
Year Monto
2011 47,327,919.00
2010 80,441,375.00
2009 35,432,342.00
2008 90,955,622.00
2007 85,042,637.00
2006 34,721,869.00
EXPORT : No
|
% CASH SALES/METHOD |
: |
N/A |
|
% CREDIT SALES/TERMS |
: |
N/A |
|
% FOREIGN SALES (COUNTRIES) |
: |
N/A |
|
% DOMESTIC PURCHASES |
: |
N/A |
|
% FOREIGN PURCHASES |
: |
Company is registered in the
Entry 1, page 109 of Volume 118 of the Companies Registry of Lima and then on
the File 117639 and Certificate 11014915 of the Register of Legal Entities of
Lima. Its term of duration is indefinite, and its purpose is to engage in all
banking activities permitted by law. Its main office is located in the city
of Lima, San Isidro district and has 246 commercial offices distributed in
Lima and provinces. Also has an office of Global Clients and Investment
Banking, an Institutional Banking office, an office of Private Banking and 17
offices of Corporate Banking. The
issued capital amounts to S/.1, 471,242,652.31 (Nuevos Soles). The 3.27% of share capital is held by other
minority shareholders. The Subject is
included in the Regime of General Sales Tax Withholding Agents (R.S.
037-2002) since 01.06.2002. |
|
SELLING TERRITORY |
: |
Nationwide. |
|
EMPLOYEES |
: |
4624 (88 Executives,2724
Officers,1812 Adm.Employe |
LOCATION .-
|
Premises |
: |
N/A |
|
Monthly Amount |
: |
N/A |
|
Time Occupied |
: |
N/A |
|
Area |
: |
N/A |
|
Floors |
: |
N/A |
Remarks and other Premises .-
Tax Domicile / Headquarters:
República de Panamá 3055-3065, Urb.El Palomar, San
Isidro , Lima 27 - Lima. Tel. (511) 2111000 - 4217272 - 4217222
Previous location of tax residence was at Av. República de Panamá 3055, San
Isidro/Lima,27.
Agencies:
- Av. Javier Prado Este 4921, La Molina/Lima,12
- Av. Nicolás Ayllón 1413, Ate/Lima,3
- Calle Los Paracas s/n, Urb. Ampliación Salamanca
(Mz. A L-1), Ate/Lima,3
- Av. Víctor Rául Haya 102 (esq. con Calle El
Progreso), Ate/Lima,3
- Av. Grau 414, Barranco/Lima,4
- Jr. Huaraz 1600, Breña/Lima,5
- Av. Arica 350, Breña/Lima,5
- Av. Venezuela 1254, Breña/Lima,5
- Av. Colonial 4584, Bellavista/Callao,2
- Av. Elmer Faucett s7n Int. IIIA (Centro Aéreo
Comercil), Callao/Callao,1
- Cmrte Mora- Base Naval, Callao/Callao,1
- Av. Saenz Peña 323, Callao/Callao,1
- Pza. Fanning 160, Callao/Callao,1
- Av. Saenz Peña 731, Callao/Callao,1
- Calle Omega 149, Callao/Callao,1
- Av. Túpac Amarú 1175, Comas/Lima,8
- Av. Huaylas 601, Chorrillos/Lima,9
- Av. Guardia Civil 199, Chorrillos/Lima,9
- Av. República Dominicana 824, La Molina/Lima,12
- Av. México 1700, La Victoria/Lima,13
- Av. Nicolás Arriola 607, La Victoria/Lima,13
- Av. Mánco Cápac 300, La Victoria/LIma,13
- Av. México 568, La Victoria/Lima,13
- Av. Prolog. Unanue 1599, La Victoria/Lima,13
- Av. Arenales 701, Lima/Lima,1
- Av. Venezuela 1842, Lima/Lima,1
- Av. Abancay 262, Lima/Lima,1
- Av. Emancipación 200, Lima, Lima,1
Besides have branches in different points of the
country.
COMMENTS .-
It also has operations in Switzerland, Taiwan,
Thailand, Ukraine, United Kingdom, USA.
Financial
information
|
Interviewee(s) |
: |
Third-party sources |
|
Position(s) |
: |
N/A |
|
Cooperation |
: |
Report prepared through
third-party sources. |
|
Information Provided |
: |
We should note that all data
contained in this report was gathered through indirect sources, because it
was not possible to obtain information
directly from the company as it is against its policy. Next please find the figures of its Balance
Sheet at 30/06/2011 (6 months) and of its Balance at 31/12/2010 and
31/12/2009 (12 months each), expressed in Nuevos Soles |
BALANCE SHEET AT 30/06/2011 (6 MONTHS)
ASSETS S/.
Available
8,026,387,000.00
Interbank Funds
24,152,000.00
Maturity and marketable investments 3,093,164,000.00
Loan portfolios 26,923,880,000.00
Accounts receivable
393,674,000.00
Realizable goods received in payment,
foreclosed and unused
10,939,000.00
Investments in subsidiaries and
associates 88,276,000.00
Premises and equipment (net) 507,388,000.00
Income tax and equity deferred
281,657,000.00
Other assets (net) 498,682,000.00
-------------------
TOTAL ASSETS
39,948,199,000.00
====================
LIABILITIES
Debit contingent accounts 25,274,079,000.00
Debit memorandum accounts 10,798,022,000.00
Credit memorandum accounts per contra 71,680,180,000.00
Trusts, trustee commissions and per contra
credit accounts
4,444,794,000.00
Obligations with the public 26,883,361,000.00
Interbank funds
88,767,000.00
Deposits of financial companies and
international
financial organizations 307,939,000.00
Due to banks, short term 2,887,688,000.00
Accounts payable
535,023,000.00
Due to banks long term
4,488,600,000.00
Provisions
470,187,000.00
Bonds and other obligations in
circulation 1,144,077,000.00
Other liabilities 41,474,000.00
-----------------
TOTAL LIABILITIES
36,847,116,000.00
TOTAL EQUITY
3,101,083,000.00
TOTAL LIABILITIES AND EQUITY 39,948,199,000.00
==================
STATEMENT OF INCOME AT 30/06/2011
FINANCIAL INCOME
1,463,329,000.00
FINANCIAL EXPENSE (383,468,000.00)
GROSS FINANCIAL MARGIN
1,079,861,000.00
NET FINANCIAL MARGIN
947,257,000.00
FINANCIAL SERVICES INCOME 318,959,000.00
EXPENDITURE BY FINANCIAL SERVICES (27,087,000.00)
OPERATING MARGIN
1,239,129,000.00
ADMINISTRATIVE EXPENSES
(452,239,000.00)
NET OPERATING INCOME 786,890,000.00
VALUATION OF ASSETS AND PROVISIONS (79,632,000.00)
OPERATING INCOME
707,258,000.00
OTHER INCOME AND EXPENSES 411,000.00
RESULTS FOR THE YEAR BEFORE
EQUITY AND INCOME TAXES 707,669,000.00
INCOME TAX
(177,696,000.00)
YEAR NET INCOME
529,973,000.00
BALANCE SHEETS OF THE FOLLOWING PERIODS
AT
31/12/2010 AT 31/12/2009
S
/. S /.
ASSETS
Available 9,999,191,000.00 4,853,247,000.00
Interbank Funds 40,009,000.00 49,003,000.00
Maturity and marketable investments 2,199,939,000.00
3,879,582,000.00
Loan portfolios 24,006,067,000.00 19,806,530,000.00
Accounts Receivable 362,324,000.00 369,731,000.00
Realizable goods received in payment,
foreclosed
and out of use
9,474,000.00 4,754,000.00
Investments in subsidiaries and associates 81,133,000.00 53,278,000.00
Premises and equipment (net) 447,023,000.00 388,581,000.00
Income tax and equity deferred 269,271,000.00
242,904,000.00
Other assets (net) 370,172,000.00 399,533,000.00
------------------ -------------------
TOTAL ASSETS 37,784,601,000.00 30,047,143,000.00
==================== ==================
LIABILITIES
Debit contingent accounts 25,170,102,000.00 19,914,051,000.00
Debit memorandum accounts 9,195,021,000.00 36,552,823,000.00
Credit memorandum accounts per contra 69,615,324,000.00 47,454,186,000.00
Trusts, trustee commissions and
per contra
credit accounts 4,019,625,000.00 3,719,226,000.00
Obligations with the public 25,558,208,000.00 20,903,246,000.00
Interbank funds 479,805,000.00 635,201,000.00
Deposits of financial companies and
international financial organizations 373,028,000.00
621,085,000.00
Due to banks, short term 800,180,000.00 448,229,000.00
Accounts Payable 590,755,000.00 569,355,000.00
Due to banks long term 4,916,197,000.00 2,402,204,000.00
Provisions 457,611,000.00 488,835,000.00
Bonds and other obligations in circulation 1,167,150,000.00 1,049,487,000.00
Other liabilities 57,752,000.00 41,825,000.00
------------------ ------------------
TOTAL LIABILITIES 34,400,686,000.00 27,159,467,000.00
TOTAL EQUITY 3,383,915,000.00 2,887,676,000.00
TOTAL LIABILITIES AND EQUITY 37,784,601,000.00 30,047,173,000.00
================== =================
STATEMENT OF INCOME AT 31/12/2010 AND
31/12/2009
FINANCIAL INCOME 2,576,377,000.00 27,610,690,000.00
FINANCIAL EXPENSE (494,152,000.00) (700,455,000.00)
GROSS FINANCIAL MARGIN 2,082,225,000.00 20,606,140,000.00
NET FINANCIAL MARGIN 1,800,515,000.00 1,729,203,000.00
FINANCIAL SERVICES INCOME 576,274,000.00 510,215,000.00
EXPENDITURE BY FINANCIAL SERVICES (49,710,000.00) (40,870,000.00)
OPERATING MARGIN 2,327,079,000.00 2,198,548,000.00
ADMINISTRATIVE EXPENSES (788,651,000.00) (796,994,000.00)
NET OPERATING MARGIN 1,538,428,000.00 1,471,554,000.00
VALUATION OF ASSETS AND PROVISIONS (139,695,000.00) (134,257,000.00)
OPERATING RESULTS 1,398,733,000.00 1,337,297,000.00
OTHER INCOME AND EXPENSES 6,057,000.00 8,734,000.00
RESULTS FOR THE YEAR BEFORE EQUITY
AND INCOME TAXES 1,404,790,000.00 1,346,031,000.00
LEGAL ALLOCATION OF NET INCOME (49,891,000.00) (52,384,000.00)
INCOME TAX (347,652,000.00) (366,136,000.00)
YEAR NET INCOME 1,007,247,000.00 927,511,000.00
Dollar exchange rate:
At 30/06/2011 S/. 2.75
At 31/12/2010 S/. 2.80
At 31/12/2009 S/. 2.88
FINANCIAL SITUATION : LIGHTLY FAIR
After the sharp slowdown in lending observed in
2009 (0.6% y / y), loans of the banking system registered an upward trend
throughout 2010, ending the year with a growth of 18.7% over the end of 2009.
The strong cyclical recovery in activity and interest rates still at attractive
levels lent support to the demand for credit.
Stood out in particular mortgage loans oriented segment, helped by
increased demand for housing picked up, among other factors, increased levels
of income and employment in families. In this context of strong cyclical
recovery in activity, the convergence of the product to medium-term potential was forward, so the
Central Bank began to remove monetary stimulus as a preventive measure. Thus,
it raised the level of the benchmark interest rate to settle at 3.0% (1.25% at
end 2009). It is noteworthy that some monetary stimulus removal was performed
by increasing reserve requirements, thus avoiding to exacerbate pressures to a
rapid appreciation of local currency. These pressures also eased through
interventions in the foreign exchange market, with purchases of foreign
currency by the Central Bank which amounted to about U.S. $ 9 billion in the year.
It should be noted that during 2010 the banking
system continued to show positive results in performance indicators. Thus, the
levels of profitability and efficiency remained high and the liquidity and
leverage ratios were much better than the requirements of the regulator. As for
the default, this continued at low levels (1.49% of total portfolio), lower
than those observed in 2009. During 2010, Banco Continental has demonstrated an
ability to seize the opportunities offered by a growing market like the
peruvian. In that sense, the bank was consolidated in the peruvian cuisine
industry, incorporating area as a
communication to promote various products and services.
The brand strategy that started in 2009 and has
been reflected not only in the positioning of the bank, but also the excellent
results obtained in 2010. During 2010, maintained its leadership position in
the brokerage operations of equity and fixed income. In regard to the equity
market, negotiated S /. 4,983 million, representing 17.6% total traded during
2010, ranking the second broker in trading volume. The most significant
transaction was an exchange of holdings in shares of a major mining company,
which represented the largest transaction volume in the stock market during the
year.
Also, regarding secondary trading was the third
recording a volume of S /. 574 million, which represented 17.43% of total
trading.
INSURANCE .-
The Subject has policies against all risks in major
insurance companies in the country. There were no more details.
Payments
record
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
Amcro S.A. |
PERU |
(511) 3624409 |
Not specified |
Not specified |
invoice 30 days |
Prompt |
2007 |
Rental of portable toilets |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
Carvajal S.A. |
PERU |
N/A |
|
Prosegur |
PERU |
N/A |
|
Formularios Peruanos S.A. |
PERU |
N/A |
|
Ausonia S.A. |
PERU |
N/A |
|
Empresa Editoria El Comercio |
PERU |
N/A |
|
Lau Chun S.A. |
PERU |
N/A |
|
Schroth Representaciones
S.R.L |
PERU |
N/A |
|
Cubicosa |
PERU |
(511) 4951144 |
|
Cofide |
PERU |
(511) 6154000 |
|
Calderas Perú S.A. |
PERU |
(511) 4254915 |
|
Caisa |
PERU |
(511) 5211751 |
|
Oficina Lista |
PERU |
(511) 4331491 |
|
Storage Data |
PERU |
(511) 4761396 |
CREDIT RISK CENTRAL .-
There are no reports of notes of protest, accounts closed,
canceled credit cards, neglected tax debts or arrears with a pension fund
administrator
Previously it was reported commercial delinquency
against TELEFONICA DEL PERU SAA for S/390.23
bya total of three due bills corresponding to 21/09/2007, 21/08/2007,
31/07/2007.
CREDIT HISTORY .-
In the company CAISA they have indicated that the
Subject is a good customer, gave no further details.
Other suppliers contacted have not responded to our
reference request and / or declined to provide references.
Banking
information
BANKERS .-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
INTERBANK |
N/A |
N/A |
N/A |
N/A |
N/A |
|
CREDITO |
N/A |
N/A |
N/A |
N/A |
N/A |
The Subject deals with the aforementioned banks,
which provided good references on its accounts without more information
available.
General
information
REPUTATION .-
NOTHING
AGAINST COMPANY
Credit
opinión
Requested Credit : Maximum
Suggested Credit : OPEN
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.62.87 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.