MIRA
INFORM REPORT
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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
VERMIN SERVICIOS S.A.C. |
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Registered Office : |
Las Turquesas 364, Urb. Balconcillo, Lima,13 Lima |
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Country : |
Peru |
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Date of Incorporation : |
04.06.2005 |
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Legal Form : |
Closely-held Corporation |
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Line of Business : |
Manufacture of flexible packaging and printing in gravure system, foil blister aluminium, alupol tape, palupol, papol. |
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No. of Employees : |
17 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limited: |
In Absence of Financials we couldn’t provide Maximum Credit Limit. |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Peru |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 : VERMEN SERVICIOS S.A.C.
TAXPAYER REGISTRATION : RUC 20511333319 Status : Active
MAIN ADDRESS : Las Turquesas 364,
Urb. Balconcillo,
POSTAL CODE : Lima,13
PROVINCE/DEPARTMENT : Lima / Lima
STATE/REGION : Lima
COUNTRY : PERU
E - MAIL : j.aparicio@vermenservicios
WEB : www.vermenserivios.com
SUMMARY
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Date of Foundation |
: 2005 |
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Capital Stock |
: S/.129,600.= Nuevos Soles |
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Permanent Employees |
: 17 |
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Chief Executive |
: VERGARA VARILLAS, ANA MARIA
CONSUELO |
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Disposition |
: Report totally prepared by
outside sources. |
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Payments Policy |
Without rating (No payment
experience traced) |
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Credit |
Indeterminate, Information is
insufficient. With no Experience. |
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Legal backgrounds
LEGAL STATUS : Closely-held
Corporation
DATE OF INCORPORATION : 04JUN2005
PLACE OF REGISTRY : Lima
NOTARY OFFICE : Arnaldo Gonzales
Bazan.
DURATION : Indefinite
REGISTRATION : Record No.11779546
in Pub. Reg. of Companies
INITIAL CAPITAL : S/.1,000.= Nuevos
Soles
CURRENT PAID-IN CAPITAL : S/.129,600.= Nuevos Soles
LAST CAPITAL INCREASE : 26/10/2010 (Not. Jorge Luis Gonzales
CLASS OF SHARES : Registered
LISTED AT STOCK EXCHANGE : No
SHARE VALUE : S/.162.= Nuevos
Soles
CURRENT EXCHANGE RATE (US$) : S/.2.61 per US$1.=
Dollar
Comments:
Subject was incorporated on 04/06/2005 under the corporate name GURADI
S.A.C.
On 12/12/2006, it adopted its currently used corporate name VERMEN SERVICIOS
S.A.C.
DIRECTORS -
EXECUTIVES – SHAREHOLDERS
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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VERGARA VARILLAS, ANA MARIA
CONSUELO |
General Manager |
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15/11/06 |
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MENESES BERASATEGUI, JUAN JOSE |
Shareholder |
10% |
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BERASATEGUI BERACOECHEA VDA. DE
MENESES, JUANA |
Shareholder |
90% |
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Who is who?
VERGARA VARILLAS, ANA MARIA CONSUELO
TITLE : General Manager
NATIONALITY Peruvian
D.O.B. 24MAY1966
ID DNI
07202252
CIVIL STATUS Married
DOMICILE Tizon y Bueno 820
- I, Jesús María, Lma / Lima
FATHER'S NAME : Julio Vergara
MOTHER'S NAME : Ana María Varillas
MENESES BERASATEGUI, JUAN JOSE
TITLE : Shareholder
NATIONALITY : Peruvian
D.O.B. : 02JUN1960
ID :
DNI
07300685
CIVIL STATUS : Married to Ana
Maria Consuelo Vergara Varillas
PROFESSION : Mechanical
Engineer
BACKGROUND INFORMATION
Health Social Security:
Type of Insured: Holder
Type of Insurance: Regular
ID Code: 6006021MEBAJ007
Associated as per our database to :
Company Title
Sta. Tax. Reg. Country
SAME S.A. Shareholder
(AC) 20505910932 PERU
BERASATEGUI BERACOECHEA VDA. DE MENESES,
JUANA
TITLE : Shareholder
NATIONALITY : Peruvian
D.O.B. : 22DEC1919
ID : DNI 07290784
CIVIL STATUS : Widow(er)
BACKGROUND INFORMATION
Health Social Security:
Type of Insured: Holder
Type of Insurance: Pensioner
ID Code: 1912220BABAJ000
BUSINESS HISTORY
Subject's was incorporated by:
- Juan Jose Meneses Berasategui
- Juana Berasategui Beracoechea de Meneses
RELATED COMPANIES
TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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COMPANY NAME |
CTRY |
TAX. REG. |
RELATION |
ACTIVITY |
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SAME S.A.C. |
PER |
20505910932 |
Related |
-- |
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BUSINESS
SIC Classification
3 0 - RUBBER AND MISCELLANEOUS PLASTICS INDUSTRY. (Tires, rubber and
plastics footwear, belts, miscellaneous plastics products.)
MAIN ACTIVITY .-
Subject is engaged in manufacture of flexible packaging and printing in
gravure system, foil blister aluminium, alupol tape, palupol, papol.
IMPORT (Countries) : No EXPORT (Countries) : No
% CASH SALES/METHOD : 100%
% DOMESTIC PURCHASES : 100%
SELLING TERRITORY : 100% (Domestic market)
EMPLOYEES : 17
LOCATION .-
Other Premises .-
Subject's
registered office, production plant, administrative and commercial offices are
located on the above-mentioned address. Until 30/06/2006, subject was located
on Jr. Las Amatistas 265, Urb. Balconcillo, La Victoria (Lima 13).
No other addresses were found.
ADDITIONAL COMMENT OF THE BUSINESS .-
Subject's corporate purpose is to be engaged in provision of service of
printing with the gravure system on paper, PVC sleeves, polypropylene,
aluminium, fabric labels, and similar products; trading, distribution,
commercial representation, import, export of aluminium, alupol, palupol, and
monolucid paper for packaging.
Subject has facilities, technology and experience to develop first level
flexible packaging ensuring the highest quality standards in our processes.
Its main customers are:
- ARTPACK PERU S.A.C.
- BAYER S.A.
- BIOS PERU S.A.C.
- CIFARMA S.A.
- CORPORACIÓN INFARMASA S.A.
- CORPORACION MEDCO S.A.C.
- DEUTSCHE PHARMA S.A.C.
- DISTRIBUIDORA MARY LUZ S.A.C.
- DROGUERIA G&R S.R.L.
- DROGUERIA LABORATORIO FARVET S.A.C.
- FARMINDUSTRIA S.A.
- GENCOPHARMACEUTICAL S.A.C.
- GRUNENTHAL PERUANA
- GRUPO LAS S.A.C.
- INDUSTRIAS CASAGRANDE E.I.R.L., etc.
FINANCIAL INFORMATION
Interviewee(s) : Third-party
sources
Disposition : Report totally
prepared by outside sources.
Information
Obtained : As subject's executives suggested us, we sent a formal request letter
for their consideration and approval; however, although we complied with that
requirement, we have not received any answers. As we contacted subject to make
a follow-up, the receptionist said in an impolite manner that they were in no
hurry to give an answer. Because of the time passed, we decided to develop this
report with information that was collected from reliable third-party sources
and official, where it was not found any balance sheets or
estimated figures.
FINANCIAL SITUATION : NN: UNDETERMINED
This company's
Financial Situation is deemed to be UNDETERMINED because it was not found any financial
figures to carry out a financial analysis of its performance over the last
fiscal year. It was not also found any information on its owners' solvency or
any trade references suggesting its payment performance.
Based on available
information, it may be said that subject has an experience of about twenty
years in manufacture of flexible packaging and printing in gravure system.
During the time of operations, it was not found any records suggesting
operating problems; however, there is a lack of more information that allows us
to give a better opinion.
INSURANCE .-
COMMENTS ABOUT INSURANCE AND CLAIMS? .-
It was not obtained any information on insurances.
TRADE REFERENCES, CREDIT BUREAU,
LAWSUITS, BANKS
(Confidential
Information) I
NOTE: The following
Suppliers did not provide information or could not be consulted: Supplier Country
DISPERCOL S.A. PERU
MATHIESEN PERU S.A.C. PERU
NEGOCIACION COMERCIAL SAN
PEDRO PERU
RISK INFORMATION
CENTER .-
Credit Bureau Comments -
To the date of this report,
it was not found any records on protested documents, cancelled accounts, or
lawsuits against subject. It was not also found any debts under a coercive
proceeding, or any omissions of payment of its contributions to the state.
SUPERINTENDENCY OF BANK & INSURANCE (SBS) :
Debt structure for Bank. SBS
Latest Consolidated Credit Report as of : 30.06.2012
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Bank |
Debt Rating
(*) |
Current
Debt |
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Domestic
Currency |
Foreign
Currency |
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CREDITO |
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257,147.00 |
0.00 |
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INTERBANK |
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669,846.00 |
0.00 |
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Total |
926,993.00 |
0.00 |
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Guarantees |
1,565,568.00 |
0.00 |
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CONSOLIDATED DEBT
(ALL BANKS): ENTITIES NO :
2 30.06.2012
Domestic Currency
LOANS : 684,164.00
DISCOUNTS : 233,807.00
CREDIT CARDS : 3,890.00
CREDIT ACCRUALS : 5,132.00
TOTAL DEBT : 926,993.00
Comments :
The SBS has granted subject
the 100% NORMAL rating since 31/12/2009.
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(*)RATING DESCRIPTION ACCORDING TO
THE SBS (Caption) |
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Normal |
: Good Financial
Situation, Prompt payments, consistent Information, Increasing Trend,
Creditworthy. |
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Potential Problem |
: Satisfactory
Financial Situation but cash flow can be weak. Irregular payments. Irregular
Trend. |
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Deficient |
: Fair
Financial Situation, cash problems, profits shortage, delayed and overdue
payments. |
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Doubtful |
: Heavy
Financial Situation, liquidity shortage, notorious delayed payments, Judicial
Collection, Bad Management. |
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Loss |
: Bad Financial
Situation, Insufficient funds, declared bankruptcy,debt default. |
BANKERS
INTERBANK
BANCO DE CREDITO
Subject carries
out its financial operations through the above-mentioned banks, which refused to
provide any information on performance of subject's accounts; however, in other
consulted sources, it was found that subject makes use of facilities. It was
not found any adverse records.
GENERAL INFORMATION
REPUTATION .-
NOTHING AGAINST COMPANY
CREDIT OPINION
Consulted Credit Amount : MAXMUM?
NOTE: The Opinion given is confidential referential and without
liability
NOTE:
In Absence of
Financials we couldn’t provide Maximum Credit Limit.
Company’s Logo Front
View of Facilities Production
Processes
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.97 |
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1 |
Rs.89.02 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.