MIRA INFORM REPORT

Report Date :

21.11.2012

IDENTIFICATION DETAILS

Name :	MAPRIAL S.A.C.

Registered Office :	Calle 9 De Setiembre 108, Ate, Lima, 3, Lima

Country :	Peru

Date of Incorporation :	27.04.2011

Legal Form :	Closely-Held Corporation

Line of Business :	Marketing, import, sale and distribution of supplies and ingredients for the industry of foods, personal hygiene products and chemicals, among others.

No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Small Company
Payment Behaviour :	Unknown
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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Peru

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

PERU - ECONOMIC OVERVIEW

Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. The Peruvian economy has been growing by an average of 6.4% per year since 2002 with a stable/slightly appreciating exchange rate and low inflation. Growth in 2010 was close to 9% and in 2011 almost 7%, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. At 3.4%, inflation in 2011 exceeded somewhat the upper range of the Central Bank's 1%-3% target. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs subjects the economy to fluctuations in world prices. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 23 percentage points since 2002. A growing number of Peruvians are sharing in the benefits of growth but inequality persists posing a challenge for the new Ollanta HUMALA administration, which has championed indigenous and local disenfranchised groups. The administration seems committed to Peru's free-trade path. Since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, and Japan, concluded negotiations with the European Free Trade Association and Chile, and begun trade talks with Central American countries and others. The US-Peru Trade Promotion Agreement entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Trade agreements with South Korea, Japan, and Mexico also were signed in 2011. Although Peru has continued to attract foreign investment, political disputes and protests may impede development of some projects related to natural resource extraction.

Source : CIA

IDENTIFICATION
CORRECT COMPANY NAME	MAPRIAL S.A.C.
TAXPAYER REGISTRATION	RUC 20544568834
MAIN ADDRESS	Calle 9 De Setiembre 108, Ate
POSTAL CODE	Lima, 3
PROVINCE / DEPARTAMENT	Lima
STATE / REGION	Lima
COUNTRY	PERU
TELEPHONE	(511) 3482802 - 976677770

SUMMARY
Date of foundation	2011
Capital stock	S/.72,800.= Nuevos Soles.
permanent employees	3
Chief Executive	LAMAS HINOJOSA, ERICK JHOACYR
Disposition	Only general information without figures.
Payments policy	Without rating (No payment experience traced)
Credit ()**	Indeterminate, Information is insufficient. With no Experience.

LEGAL BACKGROUNDS
LEGAL STATUS	Closely-held Corporation
DATE OF INCORPORATION	27APR2011
STARTING DATE	18/08/2011
PLACE OF REGISTRY	Lima.
NOTARY OFFICE	Jaime Gonzalo Tuccio Valverde
DURATION	Indefinite.
REGISTRATION	Record 12663068.
INITIAL CAPITAL	S/.72,800.= Nuevos Soles.
CURRENT PAID-IN CAPITAL	S/.72,800.= Nuevos Soles.
CLASS OF SHARES	Registered.
LISTED AT STOCK EXCHANGE	No
SHARE VALUE	S/.1.= Nuevo Sol.
CURRENT EXCHANGE RATE (US$)	S/.2.60 Nuevos Soles per 1.00 USADollar

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
LAMAS HINOJOSA, ERICK JHOACYR	General manager		30/01/12
MUÑOZ ARTEAGA, VICTOR LUCIANO	Proxy Holder	3.85%	03/05/11
ANZE AVENDAÑO, WILLY	Shareholder	96.15%	27/04/11

WHO IS WHO?

LAMAS HINOJOSA, ERICK JHOACYR

NATIONALITY

Bolivian

BACKGROUND INFORMATION

Foreigner Card 000791094.

MUÑOZ ARTEAGA, VICTOR LUCIANO

NATIONALITY

Peruvian

DNI 09393304

CIVIL STATUS

Divorced

PROFESSION

Businessman

ANZE AVENDAÑO, WILLY

NATIONALITY

Bolivian

D.O.B.

1965

PROFESSION

Businessman

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
MAPRIAL S.R.L.	President	1021405022	BOLIVIA

BUSINESS HISTORY

Family business that began its activities in Cochabamba in 1994 with the objective to supply and provide Bolivian industries with raw materials, additives and materials for the manufacturing of foods, such as: yogurt, juices, jellies, bakery, confectionery, snacks and other, with sales offices and warehouses in Eje Troncal de Bolivia: La Paz, Cochabamba and Santa Cruz, with applications laboratory in Cochabamba headquarters. Later they began to see new horizons, opening a branch in Peru, in 2011.

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME	COUNTRY	TAX REG.	RELATION %
MAPRIAL S.R.L.	BOLIVIA	1021405022	Related

BUSINESS

SIC Classification
5 1 - WHOLESALE TRADE-NON-DURABLE GOODS. (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

Main activity

Marketing, import, sale and distribution of supplies and ingredients for the industry of foods, personal hygiene products and chemicals, among others.

Import

Yes

Country

Bolivia, China, USA, India.

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2012	101,580.00
2011	68,582.00

Export

% DOMESTIC PURCHASES

40%

% FOREIGN PURCHASES

60%

SELLING TerritorY

National market

EMPLOYEES

LOCATION
PREMISES	Rented
OTHER PREMISES	Heading address corresponds to the registered office, administrative and commercial offices of this company.

FINANCIAL INFORMATION
Interviewee(s)	Erick Lamas
Position(s)	General Manager
Disposition	Only general information without figures.
Information provided	The person interviewed has provided us general information regarding the company. He refused to provide any further information while the name of the requesting client was not revealed. We have turned to the inquiry in official sources where additional information about the company was gathered for the report. MAPRIAL S.A.C. is a small sized company with about 3 employees and operations in the country since 2011.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	UNDETERMINED Subject's Financial Position is considered UNDETERMINED, since there are no financial figures allowing a financial analysis of its current results.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier	Country	Comment
TRANSEL AGENCIA DE ADUANA S.A.	PERU
MUÑOZ & MARTINEZ ABOGADOS	PERU
DD WILLIAMSON Y CIA. LTDA	U.S.A.
GELIMAR BEIJING	CHINA
NATUREX COMPANY	U.S.A.
CARGILL, INCORPORATED	U.S.A.

BANKERS

We could not learn with which banks this company works.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.91
UK Pound	1	Rs.87.38
Euro	1	Rs.70.23

INFORMATION DETAILS

Report Prepared by :

SMN

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.

MIRA INFORM REPORT

IDENTIFICATION

SUMMARY

LEGAL BACKGROUNDS

DIRECTORS - EXECUTIVES – SHAREHOLDERS

WHO IS WHO?

BUSINESS HISTORY

BUSINESS

FINANCIAL INFORMATION

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

Unit