MIRA INFORM REPORT

Report Date :

24.03.2012

IDENTIFICATION DETAILS

Name :	TINTORERIA PERU COLOR S.A.C.
Registered Office :	Mz. F, Lote 4, Campoy (Alt. Colegio Gonzales Prada), San Juan de Lurigancho Lima,36
Country :	Peru
Date of Incorporation :	09.01.2008
Com. Reg. No.:	No.12158564
Legal Form :	Closely-held Corporation
Line of Business :	Washing and dyeing of all types of fabrics
No. of Employees :	29

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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

TINTORERIA PERU COLOR S.A.C.

TAXPAYER REGISTRATION

RUC 20519388104

MAIN ADDRESS

Mz. F, Lote 4, Campoy (Alt. Colegio Gonzales Prada), San Juan de Lurigancho

POSTAL CODE

Lima,36

PROVINCE / DEPARTAMENT

Lima

STATE / REGION

Lima

COUNTRY

PERU

TELEPHONE

(511) 7173864 - 7173865 - 7184017 - 3247135

E-MAIL

tin.perucolor@hotmail.com

SUMMARY
Date of foundation	2008
permanent employees	29
Chief Executive	HILARIO AGUIRRE, SUSAN MELODY
Disposition	Only general information without figures.
Payments policy	Delays but within sector norms
Credit (**)	Risk is High. Secured credits and follow-up are recommended. Extended.

LEGAL BACKGROUNDS
LEGAL STATUS	Closely-held Corporation
DATE OF INCORPORATION	09JAN2008
STARTING DATE	06/06/2008
PLACE OF REGISTRY	Lima
NOTARY OFFICE	Juan Carlos Sotomayor Vitella
REGISTRATION	Registration No.12158564
INITIAL CAPITAL	S/.120,000.= Nuevos Soles
CLASS OF SHARES	Registered
LISTED AT STOCK EXCHANGE	No
SHARE VALUE	S/.1.= Nuevo Sol
CURRENT EXCHANGE RATE (US$)	S/.2.67 per US$1.= Dollar
COMMENTS	Subject's founders are the current shareholders.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
HILARIO AGUIRRE, SUSAN MELODY	General Manager	60%
HILARIO BORJA, JHON MILTON	Shareholder	40%

WHO IS WHO?
HILARIO AGUIRRE, SUSAN MELODY
NATIONALITY	Peruvian
D.O.B.	22DEC1988
ID	DNI 45455143
DOMICILE	Prolong. Gamarra 756, Int. 312, La Victoria, Lima 13
TAX ID	10454551431

BUSINESS

SIC Classification
7 2 - PERSONAL SERVICES (Laundry, cleaning, garment services, photographic studios, beauty shops, funeral services,shoe repair.)

Main activity

Subject is engaged in washing and dyeing of all types of fabrics.
 
Its services are provided under the brand SUMELHI.

Import

Yes

Country

Brazil, France, Italy, Spain

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2012	117,824.00
2011	85,275.00

Export

No

% CASH SALES / METHOD

40%

% Credit SALES / Terms

60% (Terms: 30, 45 days)

% DOMESTIC PURCHASES

65%

% FOREIGN PURCHASES

35%

SELLING TerritorY

Local market

EMPLOYEES

29

LOCATION
PREMISES	Rented
OTHER PREMISES	Subject's tax residency and main offices are located on the above-mentioned address. OTHER PREMISES: Jr. America 584, La Victoria, Lima 13

FINANCIAL INFORMATION
Interviewee(s)	Patricia Garrido
Position(s)	Management Assistant
Disposition	Poor.- Only general information without figures.
Information provided	As duly authorized, she kindly provided and confirmed general information and said that she could not provide more information under security policies and because name of the requesting supplier is not disclosed. This report was supplemented with information obtained from public sources.
SALES	US$ 0.00 ()
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. Subject is a company that was incorporated in 2008 and is part of a highly competitive sector.

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

Supplier: VEM CHEMIE S.A.C.	Tel.: 511 5330081	Country: PERU
Goods/Services? : Inks
Highest credit? : Unlimited
Client since? : 3 years	Terms? : 30 days	Performance? : Sometimes delayed
Comments : Subject is reported with a protested draft.
Supplier: COLORACION Y AFINES S.A.C.	Tel.: 5113568195	Country: PERU
Goods/Services? : Inputs
Highest credit? : Unlimited
Client since? : Sv.years	Terms? : 60 days	Performance? : Prompt
Comments : Subject was its customer until 2010.

Note : Other suppliers did not provide information or could not be consulted

Supplier	Country	Comment
INNOVA ANDINA S.A.	PERU	It did not provide any information.
PERSER S.A.	PERU	It could not be contacted.

RISK INFORMATION CENTER

DELINQUENCY (INVOICES, RECEIPTS, CHECKS)

Creditor

Date of default

Amount S/.

Amount US$

Payment Date

DELINQUENCY (PROTESTED DRAFTS, PROMISSORY NOTES)

Drawer	Document	Amount S/.	Amount US$	Protested date	Payment date
VEN CHEMIE S.A.C.		0.00	550.00	27/07/2011
VEN CHEMIE S.A.C.		0.00	1,000.00	10/03/2011	30/06/2011
VEN CHEMIE S.A.C.		0.00	1,300.00	24/02/2011	30/06/2011
INNOVA ANDINA S.A.		0.00	873.79	30/06/2010	26/11/2010
PERSER S.A.		0.00	700.00	06/04/2010	02/12/2010

CREDIT HISTORY

Subject is reported with 29 protested documents (not paid on due date), from which one of them has not been settled yet.
The last 5 are listed below.
 
With AFP INTEGRA S.A., subject has a debt under administrative collection process for a due period for S/.92.= Nuevos Soles.
 

LAWSUITS

To the date of this report, it was not found any criminal, civil and/or commercial judgments against subject.

BANKING INFORMATION

Bank

MI BANCO

BBVA BANCO CONTINENTAL

Consulted banking entities did not provide any information under internal policies.

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 31/01/2012

Bank	Debt Rating	Current Debt
		S/.	US$
MI BANCO	NORMAL	37,572.00
BBVA BANCO CONTINENTAL	NORMAL	27,541.00
Total		65,113.00
Guarantees		64,820.00

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 2                           31/01/2012

		Domestic Currency	Foreign Currency
LOANS	:	64,820.00
ACCRUED INTERESTS	:	293.00
		--------------------------------------------	--------------------------------------------
TOTAL DEBT	:	65,113.00
		=========================	=========================

RATING DESCRIPTION ACCORDING TO THE SBS (Caption)
Normal	Good Finantial Situation, Prompt payments, Consistent information. Increasing Trend, Creditworthy.
Potential Problem	Satisfactory Finantial Situation but cash flow can be weak. Irregular payments. Irregular Trend.
Deficient	Fair Finantial Situation, cash problems, profits shortage, delayed and overdue payments.
Doubtful	Heavy Finantial Situation, liquidity shotage, notorious delayed payments, Judicial Collection, Bad Management.
Loss	Bad Finantial Situation, Insufficient funds, declared bankruptcy, debt default.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.90
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

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.