MIRA INFORM REPORT

 

 

Report Date :

27.10.2012

 

IDENTIFICATION DETAILS

 

Name :

TESH SERVICES IMPORT & EXPORT S.A.

 

 

Registered Office :

Bartolome Herrera 338 (Alt cdra 16 Av Petit Thouars), Lince Lima, 14

 

 

 

 

Country :

Peru

 

 

 

 

Date of Incorporation :

01.08.2003

 

 

 

 

Legal Form :

Joint-Stock Company

 

 

 

 

Line of Business :

Wholesale Trade-Non-Durable Goods. (Papers, Perfumes, Drugs, Hardware, Groceries, Apparel, Food, Dairy Products, Beverages.)

 

 

 

 

No. of Employees :

5

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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 :

Moderate

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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

TESH SERVICES IMPORT & EXPORT S.A.

TAXPAYER REGISTRATION

RUC 20340713819

MAIN ADDRESS

Bartolome Herrera 338 (Alt cdra 16 Av Petit Thouars), Lince

POSTAL CODE

Lima, 14

PROVINCE / DEPARTAMENT

Lima

STATE / REGION

Lima

COUNTRY

PERU

TELEPHONE

(511) 2217165 - 2653201

E-MAIL

teshexpor@yahoo.com

 

SUMMARY

 

Date of foundation

2003

Capital stock

S/.5,000.= Nuevos Soles.

permanent employees

5

Chief Executive

LANDA REVILLA, EDUARDO ANDRES

Disposition

It was not possible to interview any executive.

Payments policy

Without rating (No payment experience traced)

Credit (**)

Indeterminate, Information is insufficient. With no Experience.

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Joint-Stock Company

DATE OF INCORPORATION

01AUG2003

STARTING DATE

27/01/2003

NOTARY OFFICE

Fidel Torres Zevallos

DURATION

Indefinite.

REGISTRATION

Record 03012000, Index Card 137240

INITIAL CAPITAL

S/.5,000.= Nuevos Soles.

CURRENT PAID-IN CAPITAL

S/.5,000.= Nuevos Soles.

CLASS OF SHARES

Registered.

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

S/.2.58 Nuevos Soles per 1.00 USADollar

 

DIRECTORS - EXECUTIVES - SHAREHOLDERS

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

LANDA REVILLA, EDUARDO ANDRES

General Manager

 

 

HERNANI DE SANABRIA, LEONOR AMPARO

Assistant Manager

 

 

 

 

WHO IS WHO?

 

LANDA REVILLA, EDUARDO ANDRES

NATIONALITY

Peruvian

D.O.B.

16FEB1961

ID

DNI 08998851

CIVIL STATUS

Divorced

DOMICILE

Mariscal Miller 1820 Lince, Lima

TAX ID

10089988514

FATHER'S NAME

Felix Landa

MOTHER'S NAME

Irma Revilla

 

 

HERNANI DE SANABRIA, LEONOR AMPARO

NATIONALITY

Peruvian

ID

DNI 06457077

 

BUSINESS

 

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

Main activity

 
Export of skins (mainly sheep).

Import

No

Export

Yes

COUNTRY

India, USA, Germany, Canada.

Annual exports in US$ (FOB)

YEAR

AMOUNT

2012

1,251,668.00

2011

2,129,469.00

2010

1,278,559.00

SELLING TerritorY

100% national market.

EMPLOYEES

5

 

LOCATION

 

PREMISES

Own

OTHER PREMISES

 
The address given at the heading of report corresponds to the registered office, headquarters.

Comments

 
Tanned sheep skin is used in the manufacture of coats, shoes and purses in different parts of world.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

External sources

Disposition

It was not possible to interview any executive.

Information provided

 
Despite our efforts we have not been able to talk to any executive of the company; we sent a formal written request but have not given any answer, indicate they can not give any information without knowing who requests it.
 
The report was produced on the basis of information gathered from third party sources and official. By the said sources we have been unable to access into financial information of the company or their reference sales figure as such information is not publicly available.
 
The Subject is a privately-held company, with a presence of 9 years in the market; it is considered a small sized company.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
NN: UNDETERMINED
Subject's Financial Position is considered UNDETERMINED, since there are no financial figures allowing a financial analysis of the results in its last fiscal year.

Insurance Comments

 
We could not access into that kind of information.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: TRANAJOS MARITIMOSA SA

Tel.: 511 4130400

Country: PERU

Highest credit? : No specified

 

 

Comments : Merely confirmed subject is their client.

 

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

 

Supplier

Country

Comment

MATHIESEN PERU S.A.C.

PERU

 

MAERKS PERU SA

PERU

 

 

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

Mathiesen Peru S.A.C.

Draft

0.00

978.81

18/01/2012

19/03/2012

 

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

 

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 31/08/2012

 

Bank

Debt Rating

Current Debt

S/.

US$

CREDITO

Normal

863,346.00

 

FINANCIERO

Normal

538,896.00

 

SCOTIABANK

Normal

376,324.00

 

BIF

Normal

212,447.00

 

CONTINENTAL

Normal

75,365.00

 

Total

2,066,378.00

 

Guarantees

1,557,420.00

 

 

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 6                           31/08/2012

 

 

 

Domestic Currency

Foreign Currency

LOANS

:

126,077.00

 

FOREIGN TRADE

:

1,730,587.00

 

FACTORING

:

51,102.00

 

OTHER INDIRECT CONTINGENT DEBTS

:

139,391.00

 

 

:

19,221.00

 

 

 

--------------------------------------------

--------------------------------------------

TOTAL DEBT

:

2,066,378.00

 

 

 

=========================

=========================

 

 

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.

 

 

BANKERS

 

The names of the banks with which the company works could not be learnt.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.63

UK Pound

1

Rs.86.17

Euro

1

Rs.69.74

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.