MIRA INFORM REPORT

 

 

Report Date :

23.11.2012

 

IDENTIFICATION DETAILS

 

Name :

HIPERMERCADOS METRO S.A. 

 

 

Formerly Known As :

HIPERMERCADO CHORRILLOS S.A.

 

 

Registered Office :

Augusto Angulo 130 Of. 227, Urb. San Antonio, Miraflores, Postal Code lima,18

 

 

Country :

Peru

 

 

Date of Incorporation :

15.09.1992

 

 

Com. Reg. No.:

Card 95122, Entry 1

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Subject is engaged in trade of different goods, such as: groceries, liquor, hardware stores, school supplies, toys, clothing, footwear, appliances, and food list, among other items, under the hypermarket and supermarket formats.

 

 

No. of Employees :

8150 approx.

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Peru

A2

A2

 

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 :   HIPERMERCADOS METRO S.A.

TRADE NAME :                                     "METRO - BOTICA PUNTOFARMA"

TAXPAYER REGISTRATION :                RUC 20109072177 Status : Active

MAIN ADDRESS :                                 Augusto Angulo 130 Of. 227, Urb. San Antonio, Miraflores

POSTAL CODE :                                   Lima,18

PROVINCE/DEPARTMENT :                  Lima / Lima

STATE/REGION :                                  Lima

COUNTRY :                                           PERU

TELEPHONE :                                       (511) 6260000 - 2130000

 

 

Summary

 

Date of Foundation

: 1992

Capital Stock

: Not specified

Annual Revenues

: US$ 800,466,089.97 (31DEC2009)

Permanent Employees

: 8150 approx.

Chief Executive

: PARADA, JUAN MANUEL

Disposition

: Poor.- Only general information without figures.

Payments Policy

: Usually to terms/good

Credit

: Risk is Moderate. Within Average. Lightly Fair Situation.

 

 

Legal backgrounds

 

LEGAL STATUS :                                 Joint-Stock Company

DATE OF INCORPORATION :                15SEP1992

STARTING DATE :                                21/04/1993

PLACE OF REGISTRY :                         Lima

NOTARY OFFICE :                                Jorge E. Velarde Sussoni

DURATION :                                         Perpetual

REGISTRATION :                                  Card 95122, Entry 1

INITIAL CAPITAL :                                S/.16,000.= Nuevos Soles

CURRENT PAID-IN CAPITAL :              Not specified

CLASS OF SHARES :                           Registered

LISTED AT STOCK EXCHANGE :          No

SHARE VALUE :                                   S/.1.= Nuevo Sol

CURRENT EXCHANGE RATE (US$) : S/.2.70 per 1 USD

 

Subject was originally incorporated on 09/15/1992 under the name HIPERMERCADO CHORRILLOS S.A.

Pursuant to Deed dated on 09/23/1996, it changed its name to the current one: HIPERMERCADOS METRO S.A., held before the notary Ramon Espinosa Garreta, registered in File 95122 del Asiento 1-B.

The 09/16/1997, it was absorbed by merger the company SUPERMERCADOS LIMATAMBO S.A which was dissolved.

 

According to SUNAT, Subject was incorporated into the scheme of VAT Withholding Agents (RS037-2002) since 06/01/2002.

 

On 05/02/2008, the Shareholders General Meeting agreed to:

 

Revoke the powers conferred upon Erasmo Jesus Rolando Wong Lu Vega, Edgardo Lorenzo Wong Lu Vega, Eduardo Javier

 

Pedro Wong Lu Vega, Eric Augusto Teodoro Wong Lu Vega and Efrain Roberto Teodoro Wong Lu Vega, in the Shareholders

Meeting dated 12. 13.2005.

 

Empower Mr. Matias Holzapfel (Pas. 9159231-2), Juan Manuel Parada (A.C 494 189 EC), Mark Crimella (Pas. 13411302) and Luis Gastañeda Alayza (ID 10556385), hereinafter the "Delegates", so, any of the two acting jointly and on behalf of society, can:

 

- Establish along with E-WONG S.A. all terms, conditions and characteristics of the program, including its issues and / or series that have not been determined by the general meeting of shareholders dated 12. 13.2005, and precise, corrected, amended and / or expand them.

 

- Make each public and private act, execute each of the contracts and other public and private documents.

 

- Make all proceedings, procedures, modifications and / or clarifications as required for any public or private entities.

 

 

DIRECTORS - EXECUTIVES - SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

PARADA, JUAN MANUEL

General Manager

 

31/01/08

CRIMELLA, MARCOS

Representative

 

31/01/08

HOLZAPFEL DE LA FUENTE, MATIAS

Representative

 

31/01/08

MOREYRA MARROU, MIGUEL MARTIN

Representative

 

27/05/08

VALDEZ LADRON DE GUEVARA, VERONICA DEL PILAR

Representative

 

 

SALCEDO ESPINOZA, ALEXANDRA

Representative

 

 

RIVAS SOLIS, MARIA TERESA EMPERATRIZ

Representative

 

 

MUNOZ WACHTENDORFF, NICOLAS ANTONIO

Representative

 

 

CENTROS COMERCIALES SUDAMERICANOS S.A.

Parent Co.

Yes

 

 

 

WHO IS WHO ?

 

PARADA, JUAN MANUEL

NATIONALITY : Argentinian

D.O.B.              011974

ID                     PAS 70128659

 

Associated as per our database to :

Company                                             Title                 Sta.                  Tax. Reg.                     Country

CENCOSUD PERU S.A.                                                (AC)                  20517905454                 PERU

                       

E. WONG S.A.                          General Manager           (AC)                  20100106915                 PERU

           

TRAVEL INTERNATIONAL                                              (AC)                  20514088374                 PERU

PARTNERS PERU S.A.C.                                                                     

 

CORPORACION E W S.A.C.                                          (AC)                  20504912851                 PERU

 

CINCO ROBLES S.A.                                                    (AC)                  20470648997                 PERU              

 

CRIMELLA, MARCOS

NATIONALITY : Chilean

ID PAS 13411302

 

Associated as per our database to :

Company                                             Title                             Sta.      Tax.     Reg.     Country

CENCOSUD RETAIL S.A.                      Jum Supermarkets         (AC)      81201000K        Chile

TRES PALMERAS S.A.                         Manager                                    20208388500     PERU

E. WONG S.A.                                      Representative               (AC)      20100106915     PERU

 

HOLZAPFEL DE LA FUENTE, MATIAS

NATIONALITY :             Ecuadorean

ID C.Ext.                       510869

 

BACKGROUND INFORMATION

Passport 9.159.231-2

 

Associated as per our database to :

Company                                                         Title                 Sta.     Tax. Reg.                     Country

 

TRAVEL INTERNATIONAL

PARTNERS PERU S.A.C.                                                                      20514088374                 PERU

TRES PALMERAS S.A.                                                                         20208388500                 PERU

E. WONG S.A.                                                                          (AC)      20100106915                 PERU

CORPORACION E W S.A.C.                                                      (AC)      20504912851                 PERU

 

MOREYRA MARROU, MIGUEL MARTIN

NATIONALITY : Peruvian

D.O.B.                          02.04.1974

ID                                 DNI 09344371

DOMICILE                    Valle Riestra 310, San Isidro,, Lima / Lima

PROFESSION               Lawyer

TAX ID :                       10093443719

 

Associated as per our database to :

Company                                 Title                             Sta.                  Tax. Reg.                     Country

TRAVEL INTERNATIONAL                                                                      20514088374                 PERU

PARTNERS PERU S.A.C.          Manager                                                                                    PERU

CENCOSUD PERU S.A.            Legal Representative      (AC)                  20517905454                 PERU

TRES PALMERAS S.A.                                                                         20208388500                 PERU

NEXTEL DEL PERU S.A.                                               (AC)                  20103897914                 PERU

E. WONG S.A.                                                              (AC)                  20100106915                 PERU

 

VALDEZ LADRON DE GUEVARA, VERONICA DEL PILAR

NATIONALITY : Peruvian

D.O.B. :                        101976

ID :                               DNI 10471891

TAX ID :                       10104718910

 

BACKGROUND INFORMATION

Her registere domicile is located in alle Hassinger 101, Int. 302, San Borja/Lima,41.

 

SALCEDO ESPINOZA, ALEXANDRA

NATIONALITY :             Peruvian

D.O.B.                          08APR1981

ID                                 DNI 41030004

DOMICILE                    Sarasara 217 Urb. Maranga, San Miguel,, Lima

PROFESSION               Lawyer

TAX ID :                       10410300040

 

Associated as per our database to :

Company                                             Title                 Sta.                  Tax. Reg.                     Country

TRES PALMERAS S.A.                                                                         20208388500                 PERU

 

CINCO ROBLES S.A.                                                                            20470648997                 PERU

 

CENCOSUD PERU S.A.                                                (AC)                  20517905454                 PERU

 

TRAVEL INTERNATIONAL

PARTNERS PERU S.A.C.                                                                      20514088374                 PERU

 

E. WONG S.A. Representative                                        (AC)                  20100106915                 PERU

 

RIVAS SOLIS, MARIA TERESA EMPERATRIZ

NATIONALITY : Peruvian

D.O.B.              08/221984

ID                     DNI 42551355

DOMICILE        Zamora 216, Urb. Residencial Higuereta, Surco, , Lima

TAX ID :           10425513554

 

Associated as per our database to :

 

Company                                 Title                 Sta.                  Tax. Reg.                     Country

TRES PALMERAS S.A.                                                             20208388500                 PERU

                                   

CENCOSUD PERU S.A.                                    (AC)                  20517905454                 PERU

           

TRAVEL INTERNATIONAL

PARTNERS PERU S.A.C.                                                          20514088374                 PERU

                       

E. WONG S.A.                                                  (AC)                  20100106915                 PERU

 

MUÑOZ WACHTENDORFF, NICOLAS ANTONIO

NATIONALITY : N/A

ID : C.Ext. 000623329

 

CENTROS COMERCIALES SUDAMERICANOS S.A.

Cencosud (acronym for South American Shopping Centers SA), business consortium of Chilean capital operates in several countries in South America, mainly in the retail field.

 

From this company depends, among others, the chain stores of homeitems Easy (Chile, Argentina and Colombia), and Blaisten in Argentina, hipermercados Jumbo (Chile and Argentina), Disco and Super Vea supermercados (Argentina), Santa Isabel (Chile),

 

Wong and Metro (Peru) and GBarbosa (Brazil), the Paris department store in Chile and malls such as Alto Las Condes, Portal La Dehesa, Florida Center and Unicenter Shopping. Subject also has an outstanding participation in the real estate field. Among the projects being developed, we can mention Costanera Center, shopping center and offices that will include the highest skyscraper in South America; and the Nectar loyalty program, with its slogan Nectar. Te premia primero (Nectar. Rewards you first) in Chile.

 

 

BUSINESS HISTORY

 

Founders: Eduardo Wong Lu Vega, Erasmo Wong Lu Vega, Eric Wong Lu Vega and Efraín Wong Lu Vega.

 

It is worth mentioning that in November 1992, it was opened the first Hypermarket Metro and since 1993, the company grew stronger.

 

In August 1996, the second Hypermarket Metro in the Breña District was opened, thus, it began the successful growth of chain hypermarkets Metro; in December, it opened its third Metro hypermarket in the district of San Borja.

 

In June 1997, it opened the Hypermarket Metro-Norte, located in the northern zone of Lima and in December of the same year, it inaugurated the first Metro supermarket located in La Molina Avenue in the district of the same name. It also, opened the Metro Hypermarket in the Marina Avenue of the district of San Miguel.

 

On December 1, the same year, it re-opened the store in La Molina, so the concept of Metro Supermarkets was born, with affordable prices, in a smaller area. Also, in December, it opened a hypermarket in the district of San Juan de Lurigancho and a second Hypermarket in the Southern North, Tupac Amaru Avenue, adjacent to the National Engineering University. In May 2000, the E. Wong store, located in the 8th block of Aramburu Avenue in the district of Surquillo, became in the third Metro Supermarket. That same year, it opened five more stores, two Metro supermarkets in the district of Jesus Maria, the first, in Garzon Street in February and the following in the Pershing Avenue in December. In the same month, it also opened Metro in Sucre Avenue district of Pueblo Libre, and the Metro Supermarket in Alcazar Avenue in Rimac District, plus in December, it opened the eighth Supermarket in Canada Avenue in the district of La Victoria.

 

In July of 2002, It was opened Metro hypermarket in the Historic Center of Lima, between the streets Cuzco, Lampa and Carabaya, presenting an innovative and modern model store of hypermarkets.

 

Currently, the chain has many commercial stores in different districts of Lima, as well as in the cities of Trujillo and Chiclayo, which operate under the brands Metro Supermarkets and "Metro Hypermarkets

 

It is worth mentioning that in December 16, 2007, Cencosud announced the purchase of all shares of the Wong Group (that included Metro Hypermarkets) in $ 500 million, therefore, it acquired one of the largest business conglomerates in the country. The Wong family, in turn, enters as the third largest minority shareholder of Cencosud.

 

On 09/06/2008 Pursuant JGA, it was agreed that as from 10/01/2008, Subject was took over by the following companies: METRO INMOBILIARIA S.A.C. Y CORPORACION E. WONG S.A.C.

 

Dated on 11/01/2008, it was absorbed by merge GUIP S.A.

 

Subject is a member of CENCOSUD GROUP (Chile), which meets the following firms:

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER^

 

COMPANY NAME

COUNTRY

TAX. REG.

RELATION%

TRES PALMERAS S.A.

PERU

20208388500

Related

TELEDISTRIBUCION S.A.

PERU

20334461875

Related

TRAVEL INTERNATIONAL PARTNERS PERU S.A.C.

PERU

20514088374

Related

RIO PATIVILCA S.A.

PERU

20303569422

Related

INMOBILIARIA CLIFORD SAC

PERU

20160043751

Related

EMPRESA AZUCARERA EL INGENIO S.A.

PERU

20141723601

Related

CENTROS COMERCIALES SUDAMERICANOS S.A.

CHILE

938340005

Parent Co.

CINCO ROBLES S.A.

PERU

20470648997

Related

E. WONG S.A.

PERU

20100106915

Related

ALMACENES METRO S.A.

PERU

20110466499

Related

AGRO INDUSTRIAL PARAMONGA S.A.A.

PERU

20135948641

Related

 

 

BUSINESS

 

SIC Classification

5 4 - RETAIL TRADE - LARGE AND SMALL FOOD STORES (Grocery stores, meat and fish markets, fruit stores, bakeries, miscellaneous food stores.)

 

MAIN ACTIVITY .-

Subject is engaged in trade of different goods, such as: groceries, liquor, hardware stores, school supplies, toys, clothing, footwear, appliances, and food list, among other items, under the hypermarket and supermarket formats.

Trademark: METRO

Thirds brands: LAIVE, SAN FERNANDO, BONLE, OTTO KUNZ, MOLITALIA, CLOROX, etc.

 

IMPORT (Countries) : Yes        

Annual Imports in US$ (CIF)

EXPORT (Countries) : No

 

Import countries

Argentina, Bangladesh, Brazil,

Chile, China, Colombia, India,

Pakistan, Spain

Thailand, USA, Vietnam

 

Year     Amount

2009     22,911,683.00

2010     20,071,930.00

2011     35,034,946.00

2012     13,605,995.00

 

% CASH SALES/METHOD : 50%

% CREDIT SALES/TERMS : 50% (by credit cards)

SELLING TERRITORY : 100% Domestic market (Lima, Chiclayo, Trujillo)

EMPLOYEES :              8150 approx.

 

LOCATION .-

Area : 3,000 M2 Floors : 3

 

Other Premises .-

Registered and main offices belong to the address stated in the identification field. Good appearance. It is located in a business area.

 

Commercial stores:

- Av.Alfonso Ugarte esq. Venezuela s/n, Breña/Lima,5

- Prolongación Paseo de la República s/n, Urb. Matellini (Bazar Central del Ejército, Urb. Matellini), Chorrillos/Lima,9.

- Av. Aviación y esq. Angamos s/n C.H. Limatambo (Centro Comercial Limatambo) San Borja/Lima,41.

- Av. Carlos Alberto Yzaguirre s/n, Urb. Carretera Panamericana Norte, Independencia/Lima,28.

- Av. La Marina y Parque Las Leyendas s/n, San Miguel/Lima,32.

- Av. Próceres de la Independencia Cd.16, Urb. Las Flores, San Juan de Lurigancho/Lima,36.

- Av. La Molina 1098, Res. Monterrico (esq. Av. La Molina y Zarzamoras-J.Prado), La Molina/Lima,12.

- Av. Túpac Amaru Cda.16 s/n (Costado de la Univ. Ingeniería Uni Cdra. 16), Rímac/Lima,25.

- Av. General Garzón 1337, Jesús María/Lima,11.

- Cal. Las Tiendas 290 (Av. Aramburú y Rep.de Panamá), Surquillo/Lima,34.

- Av. Canadá 1110, Urb. Santa Catalina (esq. Av. Canadá y Av. Nicolás Arriola) La Victoria/Lima,13.

- Av. Sucre 550, C. Comercial Colmenares (Centro Comercial Colmenares), Pueblo Libre/Lima,21.

- Av. Gregorio Escobedo 1040, Centro Comercial (esq. Av. Pershing y Gregorio Escobedo), Jesús María/Lima,11.

- Av. Samuel Alcazar 600, C. Comercial Alcazar (Centro Comercial Alcázar), Rímac/Lima,25

- Jr. Cuzco 245, Lima/Lima,1.

- Jr. de la Unión 819 (Tienda 4-5), Lima/Lima,1.

- Av. Paseo de la República 3440, Res. Centro Comercial (Centro Comercial San Isidro), San Isidro/Lima,27.

- Jr. Francisco Luna Pizarro 1550, La Victoria/Lima,13.

- Jr. Trujillo 418,Rímac/Lima,25.

- Calle Schell 250, Miraflores/Lima,18.

- Av. Oscar R. Benavides No. 3002, Lima,1.

- Av. Tupac Amaru No. 3900, Comas, Lima,7

- Av. de Los Heroes Mz. Z, Lote 16, San Juan de Miraflores, Lima,29

- Av. Oscar R. BenavidesNo. 1608, Bellavista, Callao,02

- Av. República de Panamá No. 1198, Barranco, Lima,4

- Av. Tomas Valle Mz. R1, Int. E, Lote 0, Urb. Albino Herrera, Callao

- Av. Belaunde No. 980, El Retablo III Etapa, Comas, Lima,7

- Av. de Los Heroes No. 100, San Juan de Miraflores, Lima,29

- Av. America Norte no. 2091, Urb. Las Quintanas, Trujillo, La Libertad

- Jr. Pizarro No. 700, Trujillo, La Libertad

- Mz. C Lote 27, Urb. Pedro Cueva Vasquez, Ventanilla, Callao,06

Branches:

- Av. Arica No. 581, Breña, Lima,5

- Av. Grau no. 513, Barranco, Lima,4

- Av. Luis Gonzales No. 711, Chiclayo, Lambayeque

- Av. Miguel Grau No. 610, P.J. San Martin, Chiclayo, Lambayeque

- Av. La Unión No. 1698 Urb. Cercado, La Victoria, Chiclayo, Lambayeque

- Av. Raúl Haya de la Torre Km Int.2.5, Z.I. Carretera Central, Santa Anita/Lima,43

Warehouses:

- Av. Víctor Raúl Haya de la Torre Km. 2.5, Z.I. Carretera Central, Santa Anita/Lima,43.

- Av. República de Panamá 6251, Urb. San Antonio, Miraflores, Lima,18.

- Av. Javier Prado Este s/n (cdra. 51 C.C. Plaza Camacho), La Molina, Lima,12

- Mz. K lote 01, Semi rustica Mampuesto (lote 09-11-12), Trujillo, La lIbertad.

 

COMMENTS .-

Subject also imports from Pakistan,Philipinas, Polonia, Russia, Taiwan, Thailand, Turkey, USA, Vietnam.

Hipermercados Metro and Supermercados Metro are intended to a group of people looking for the best price in the market without leaving apart the highest quality standards.

 

Brand distributed and represented by HIPERMERCADOS METRO SA are the main brands manufactured and/or traded in Peru.

 

Metro`s own brand is used by the company to trade several products


Financial inofmration

 

Interviewee(s) : Terceras fuentes

Disposition : Poor.- Only general information without figures.

Information Provided : As in other investigations, this report was prepared based on information obtained from indirect

sources (public, our own files, etc), since direct sources denied providing information under

secrecy policies.

 

No completed balance sheets were available. We only have Access to global figures of the years

below:

 

2009 Sales S/.2,313,347,000.=

2008 Sales S/.2,200,000,000.=

2007 Sales S/.2,030,317,000.= Profits S/. 189,112,000.=, Assets 2007 S/.1,749,654,000.=,

Shareholder's equity S/. 893,751,000.=

 

Sales : US$ 800,466,089.97 (31DEC2009)

 

FINANCIAL SITUATION : NN: UNDETERMINED

 

Financial situation of the Company is considered as Undetermined due to it doesn't have enough financial elements to assess its results.

However, local suppliers agreed that Subject has been a client of several years, rating its credit as good without adverse.

Likewise, its credit record with entities of the financial sector is normal according to the last SBS report.

 

INSURANCE .-

COMMENTS ABOUT INSURANCE AND CLAIMS

No information regarding insurances.

 

Trade references (Confidential information)

 

Supplier MOLITALIA S.A.

Tel.: (511) 5136262

Country: PERU

Goods/Services?     : All Molitalia products

 

 

Highest Credit?     : DC Unlimited

 

 

Client Since?       : 1996

Terms? : 60 days

Performance? : Prompt

                                        

Supplier:  Laive Sa.

Tel.: (511) 6187600

Country: PERU

Goods/Services?     : Lavie Products

 

 

Highest Credit?     : DC Unlimited

 

 

Client Since?       : 2002

Terms? : 60 days

Performance? : Prompt

 

 

Supplier: BIMBO S.A.

Tel.: (511) 625-1010

Country: PERU

Goods/Services?     : All Bimbo products

 

 

Highest Credit?     : DC Unlimited

 

 

Client Since?       : 2000

Terms? : 30 days

Performance? : Prompt

 


 

Supplier: Colgate Palmolive SA

Tel.: (511) 2137970

Country: PERU

Goods/Services?     : Personal Care Products

 

 

Highest Credit?     : DC Unlimited

 

 

Client Since?       : 2002

Terms? : 30 days

Performance? : Prompt

 

 

Supplier: SALCHICHERÍA ALEMANA

Tel.: (511) 3263045

Country: PERU

Goods/Services?     : Cold meat

 

 

Highest Credit?     : DC 60000

 

 

Client Since?       : 2000

Terms? : 30 days

Performance? : Prompt

 

 

Supplier: NESTLE DEL PERÚ S.A.

Tel.: (511) 4364040

Country: PERU

Goods/Services?     : All nestle products

 

 

Highest Credit?     : DC not Specified

 

 

Client Since?       : sev. Yrs

Terms? : 45 days

Performance? : Prompt

 

 

NOTE: The following Suppliers did not provide information or could not be consulted:

 

Supplier                                                                       Country                        Comment

 

JOSÉ LONDLEY MISMO EMBOTELLADORA

LATINIAMERIPCEARU                                                   PERU              It was not available

DISTRIBUIDORA DROGUERIA ALFARO S.A.                  PERU               Supplier does not provide information about its clients.

PROCTER & GAMBLE DEL PERÚ                                 PERU               It was not available

PERUFARMA SA                                                          PERU               Supplier does not provide information

about its clients.

JOHNSON & JOHNSON DEL PERÚ                                PERU               It was not available

 

Risk information center

Drawer

Document

Amount S/.

Amount US$

Protest Date

Payment Date

DISTRIBUIDORA DROGUERIA ALFAI

 

205,070.64

0.00

21/05/2008

 

 

 

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for Bank. SBS Latest Consolidated Credit Report as of : 31MAR2012

 

Bank

Debt Rating

Current Debt

 

 

Domestic Currency

Foreign Currency

 

MIBANCO

 

1,852,720.00

0.00

BANBIF

 

19,086,974.00

473,366.00

CITIBANK DEL PERU

 

23,714,640.00

2,721,918.00

SANTANDER PERU

 

19,393,197.00

17,129.00

CONTINENTAL

 

38,525,174.00

1,735,927.00

CREDITO

 

17,527,992.00

48,882.00

SCOTIABANK

 

17,119,746.00

1,018,266.00

Total

137,220,443.00

6,015,488.00

Guarantees

140,671,688.00

231,807,010.00

 

 

CONSOLIDATED DEBT (ALL BANKS) .-                         ENTITIES Nº :                           7 31/03/2012

Domestic Currency                  Foreign Currency

DISCOUNTS :                                                               43,107,837.00                            268,519.00

FINANCIAL LEASING :                                      46,168,077.00

FACTORING :                                                               47,137,639.00                            321,606.00

CREDIT CARDS :                                                          3,473.00                                   12,310.00

OTHER INDIRECT CONTINGENT DEBTS :                     425,626.00                                5,412,236.00

TOTAL DEBT :                                                  137,220,443.00              6,015,488.00

 

Comments

SBS has rated Subject as 100% NORMAL since 12/31/2009.

 

CREDIT HISTORY .-

It is worth mentioning that if Subject does not regularize itself before the Chamber of Commerce, a document can appear as unresolved although it has been paid.

 

BANKERS .-

 

Bank                                                                In Currency

SANTANDER PERU

BANBIF

HSBC BANK PERU

CITIBANK

SCOTIABANK

CREDITO

CONTINENTAL

 

Subject's financial transactions are carried out through the above mentioned banks which did not provide any references under current legislation and bank secrecy principle.

 

Further, based on other sources Subject uses bank facilities without adverse records.

 

Press Releases .-

CENCOSUR PERU INCOME INCREASED 42% (Nov. 2011)

 

Cencosud Peru SA revenue has increased 42% for January-September period with respect to the same period of 2010, reaching S / 89.2 million. Cencosud Peru Net income in the first nine months of the year amounted to S /. 80.4 million, slightly higher than S /. 80.1 million earned in the same period in 2010.

 

According to Cencosud Peru, the revenues increase was caused by higher interest income and commissions from cards in S /. 14 million and S /. 12 million in administrative services provided to its subsidiaries.

Cencosud Peru SA is a holding company engaged in real estate, financial and retail, besides it provides advisory services to its subsidiaries. Since 2010, it issues, manages and operates credit cards Metro, Metro Visa and Wong Visa as payment sources and financing of purchases of its customers.

 

Cencosud Peru's subsidiaries are: E. Wong SA e Hipermercados Metro SA, the leading supermarket chain in Lima. As of September 2011, it has 16 Wong supermarkets, 2 Wong hypermarkets, 12 Metro supermarkets and 39 Metro hypermarkets, located in Lima, Trujillo, Chiclayo, Arequipa, Cajamarca, Ica and Barranca.

 

Cinco Robles SAC, Tres Palmeras SA, ISMB Supermercados SA y Las Hadas Inversionista SAC provide rental of properties to Wong and Metro.

 

Teledistribución SA is engaged in sell tickets for sports, cultural shows, etc.., with the brand Teleticket.

 

Cencosud Peru has as main shareholder Cencosud Internacional Limitada de Chile with 99.9%. The President of the Board is the billionaire German-Chilean Horst Paulmann and the General Manager is the Argentinian Juan Manuel Parada.


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.16

UK Pound

1

Rs.88.03

Euro

1

Rs.70.86

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.