MIRA
INFORM REPORT
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Name :
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CORPORATION EL
SHARK S.A.C.
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Registered Office :
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Guillermo Dansey 1141, Lima
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Country :
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Peru
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Date of Incorporation :
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14.01.1999
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Com. Reg. No.:
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Entry 11073106 - Public Registry
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Legal Form :
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Closely-Held Corporation
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Line of Business :
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Manufacture and Sale of Woven and Knitted Fabrics. |
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No. of Employees :
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6
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RATING
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STATUS
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PROPOSED CREDIT LINE
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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Status :
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Moderate
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Payment Behaviour :
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Unknown
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Litigation :
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Clear
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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 30th, 2012
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Country Name
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Previous Rating
(31.03.2012)
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Current Rating
(30.06.2012)
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Peru
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A2
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A2
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Risk Category
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ECGC
Classification
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Insignificant
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A1
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Low
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A2
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Moderate
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B1
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High
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B2
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Very High
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C1
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Restricted
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C2
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Off-credit
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D
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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.
IDENTIFICATION
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CORRECT COMPANY NAME
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CORPORATION EL
SHARK S.A.C.
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TAXPAYER REGISTRATION
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RUC 20421817813
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MAIN ADDRESS
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Guillermo Dansey 1141,
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PROVINCE / DEPARTAMENT
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Lima / Lima
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STATE / REGION
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Lima
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COUNTRY
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PERU
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TELEPHONE
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(511) 3327580 - 3246210
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E-MAIL
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corp_elshark@yahoo.com
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COMMENTS
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No telephone numbers were provided in your order to expedite our investigation. |
SUMMARY
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Date of foundation
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1999
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Capital stock
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S/.30,000.= Nuevos Soles
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permanent employees
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6
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Chief Executive
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AHMAD EL AMER MIFLEH SABE
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Disposition
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Report totally prepared by outside
sources.
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Payments policy
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Without rating (No payment experience
traced)
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Credit (**)
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Indeterminate, Information is
insufficient. With no Experience.
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LEGAL BACKGROUNDS
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LEGAL STATUS
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Closely-held Corporation
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DATE OF INCORPORATION
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14JAN1999
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STARTING DATE
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09/02/1999
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PLACE OF REGISTRY
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Lima
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NOTARY OFFICE
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Fidel D. Torres Zevallos
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DURATION
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Perpetual
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REGISTRATION
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Entry 11073106 - Public Registry
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INITIAL CAPITAL
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S/.30,000.= Nuevos Soles
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CURRENT PAID-IN CAPITAL
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S/.30,000.= Nuevos Soles
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LAST CAPITAL INCREASE
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No increase reported
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CLASS OF SHARES
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Registered
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LISTED AT STOCK EXCHANGE
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No
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SHARE VALUE
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S/.1.= Nuevo Sol
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CURRENT EXCHANGE RATE (US$)
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S/.2.60 per USD.1.00
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DIRECTORS - EXECUTIVES –
SHAREHOLDERS
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FULL NAMES / COMPANY NAME
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TITLE
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%PART.
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SINCE
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AHMAD EL AMER
MIFLEH SABE
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General
Manager
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29/12/05
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ABED EL RAHEEM
DWAIKAT
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Shareholder
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70%
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KAWTHAR ISSA
JHBALI
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Shareholder
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30%
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WHO IS WHO?
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AHMAD EL AMER
MIFLEH SABE
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NATIONALITY
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Peruvian
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ID
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DNI 42808844
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ABED EL RAHEEM
DWAIKAT
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NATIONALITY
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Peruvian
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ID
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DNI 09992227
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KAWTHAR ISSA
JHBALI
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NATIONALITY
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Peruvian
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BUSINESS HISTORY
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The Company was founded by the current shareholders. |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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COMPANY NAME
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COUNTRY
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TAX REG.
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RELATION %
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GEMBALLA
S.A.C.
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PERU
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20511028354
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Related
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INVERSIONES
DUBAY S.A.C.
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PERU
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20524823480
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Related
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KARIMTEX
S.A.C.
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PERU
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20511549753
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Related
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BUSINESS
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SIC Classification
2 2 - TEXTILE INDUSTRY. FLAT YARNS AND
CONFECTIONARY RAW MATERIAL. (Manuf.Weaving mills, cotton, Synthetics,
hosiery, woven carpets and rugs, yarn, fabrics, etc.)
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Main activity
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Textile company. Manufacture and sale of woven and knitted fabrics. Manufacture of items of clothing for children and women, as well as stockings |
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Import
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Yes
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Country
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India and Spain
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ANNUAL Imports In US$ (CIF)
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YEAR
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AMOUNT
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2012
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133,988.00
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2011
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49,357.00
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2008
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52,387.00
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Export
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No
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% CASH SALES / METHOD
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50%
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% Credit SALES / Terms
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50% at 30 days
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% DOMESTIC PURCHASES
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40%
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% FOREIGN PURCHASES
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60%
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SELLING TerritorY
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Domestic market - 100%
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EMPLOYEES
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6
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LOCATION
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OTHER PREMISES
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Legal Address, Administrative and Commercial Offices, Production Plant operate at the above address. Facilities are shared with the related companies: Gemballa S.A.C. e Inversiones Dubay S.A.C. Other Premises: Jr. Sebastian Barranca 1441, Int. 221 (Gral. La Torre de America, Piso 2, Tienda 221) La Victoria - Lima. The Company has established its domicile in Lima, being able to open branches in any part of the country or abroad. |
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Comments
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BUSINESS PURPOSE: Spinning, weaving, production of all kinds of textiles, manufacturing, exporting and commercialization of all kinds of apparels; importation of necessary inputs for consumption and commercialization of these goods by the Company ,importation, commercialization and distribution of machinery, equipment, spare parts and accessories that the Company considers appropriate to strengthen productive capacity, both in terms of manufacturing and commercial aspect. |
FINANCIAL INFORMATION
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Interviewee(s)
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Victor Sólis
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Position(s)
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Assistant
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Disposition
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Report totally prepared by outside
sources.
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Information provided
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In view of our insistence, Mr. Solis, Assistant, told us it would not be possible to disclose financials due to their confidential nature, even he refused to give the Manager's email to send a formal request. Subsequently, he agreed to give the email. However, he advised that if we did not disclose the name of the company requesting this report, they would not provide any information. So far, they have not replied Hence we have had to prepare this report based on data collected from reliable third-party sources and official where no balance sheets or estimated accounting figures were available |
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SALES
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US$ 0.00 ()
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FINANCIAL SITUATION
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UNDETERMINED Financial Condition of the Company is considered to be INDETERMINED since no accounting figures were available to assess its current results. However, no negative backgrounds relative to payment failures against suppliers were found, except for some contribution debts owed to Oficina de Normalización Previsional - ONP (Social Security Administration), as well as a telephone debt as indicated below. Meanwhile, credit experience in the financial sector is considered to be normal as reported by the Superintendency of Bank and Insurance. |
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Insurance Comments
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No information was available relative to insurance policies. |
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
(Confidential Information)
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TRADE REFERENCES
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Supplier
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Country
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Comment
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JULIO ABAD
S.A. AGENTES DE ADUANA
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PERU
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ACCESORIOS
TEXTILES RULL S.L.
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SPAIN
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RISK INFORMATION CENTER
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DELINQUENCY (INVOICES, RECEIPTS, CHECKS)
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Creditor
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Date
of default
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Amount
S/.
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Amount
US$
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Payment
Date
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DELINQUENCY (PROTESTED DRAFTS, PROMISSORY NOTES)
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Drawer
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Document
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Amount
S/.
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Amount
US$
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Protested
date
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Payment date
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TELEFONICA DEL PERU
S.A.A.
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Invoice
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543.11
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0.00
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11/10/2011
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ONP
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521.00
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0.00
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01-03
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ONP
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529.00
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0.00
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01-02
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ONP
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1,003.00
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0.00
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00-12
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SUPERINTENDENCY OF BANK & INSURANCE (SBS)
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Debt structure for bank. SBS Latest
Consolidated Credit Report as of : 30/09/2012
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Bank
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Debt
Rating
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Current
Debt
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S/.
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US$
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BANCO BIF
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NORMAL
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240,639.00
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CONTINENTAL
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NORMAL
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154,714.00
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SCOTIABANK
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NORMAL
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110,102.00
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Total
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505,455.00
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Guarantees
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180,400.00
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CONSOLIDATED DEBT (ALL
BANKS) ENTITIES
NUMBER :
3 30/09/2012
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Domestic
Currency
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Foreign
Currency
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DISCOUNTS
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:
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182,969.00
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FOREIGN TRADE
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:
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51,960.00
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CREDIT CARDS
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:
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31,715.00
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OTHER INDIRECT
CONTINGENT DEBTS
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:
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236,300.00
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OTHER CHARGES
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:
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2,511.00
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--------------------------------------------
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--------------------------------------------
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TOTAL DEBT
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:
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505,455.00
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=========================
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=========================
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COMMENTS
The SBS has rated the Company 100% NORMAL since 31/12/2009, except on
30/08/2012 when it was rated 66.10% NORMAL, 33.90% POTENTIAL PROBLEM
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BANKERS
BANCO BIF BBVA CONTINENTAL SCOTIABANK In compliance with bank regulations in force, the aforesaid entities declined to provide references about their client. However, other sources reported the Company has been granted credit facilities. No bad found. |
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GENERAL INFORMATION
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REPUTATION
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SLOW WITH AFP, ESSALUD,
SUNAT.(Publication)
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Currency
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Unit
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Indian Rupees
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US Dollar
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1
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Rs.55.15
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UK Pound
|
1
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Rs.88.03
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Euro
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1
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Rs.70.85
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RATING
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STATUS
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PROPOSED CREDIT LINE
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>86
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Aaa
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Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums
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Unlimited
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71-85
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Aa
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Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums
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Large
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56-70
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A
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Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums
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Fairly Large
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal
commitments.
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Satisfactory
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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11-25
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Ca
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Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity
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Limited with
full security
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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----
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NB
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New Business
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----
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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.
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