MIRA INFORM REPORT

 

 

Report Date :

17.08.2013

 

IDENTIFICATION DETAILS

 

Name :

HIDROQUIMICA COLOR E.I.R.L.

 

 

Registered Office :

Ignacio Cossio 1445, La Victoria Lima, 13

 

 

Country :

Peru

 

 

Date of Incorporation :

29.12.2001

 

 

Legal Form :

Single-Member Limited Liability Company

 

 

Line of Business :

Retail sale of hardware articles.

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 lowland coastal region, the central high sierra of the Andes, the dense forest of the Amazon, with tropical lands bordering Colombia and Brazil. A wide range of 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, which in 2013 is expected to be below the upper limit of the Central Bank target range of 1 to 3%. Growth has been in the 6-9% range for the last three years, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. 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, but inequality persists and continues to pose a challenge for the new Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Peru's free trade policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the European Free Trade Association, Chile, and four other countries; concluded negotiations with Venezuela, Costa Rica, and Guatemala; and begun trade talks with two other Central American countries and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico called the Pacific Alliance that rivals Mercosur in combined population, GDP, and trade. The US-Peru Trade Promotion Agreement entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Although Peru has continued to attract foreign investment, political activism and protests are hampering development of some projects related to natural resource extraction.

Source : CIA

 

IDENTIFICATION

 

CORRECT COMPANY NAME

HIDROQUIMICA COLOR E.I.R.L.

TAXPAYER REGISTRATION

RUC 20503706823

MAIN ADDRESS

Ignacio Cossio 1445, La Victoria

POSTAL CODE

Lima, 13

DEPT/PROV/REGION/STATE

Lima

COUNTRY

PERU

TELEPHONE

(511) 4740098 - 3230928

 

EXECUTIVE SUMMARY

 

Date of foundation

2002

Capital stock

S/.5,586.= Nuevos Soles

permanent employees

3

Chief Executive

ROMERO ALEGRIA, LIDIA

Disposition

REPORT PREPARED FROM OUTSIDE SOURCES.

Payments policy

Without rating (No payment experience traced)

Credit (**)

MODERATE RISK. (Acceptable financial situation but limited).

Number of times that this company was required: 1

 

LEGAL STRUCTURE

 

LEGAL STATUS

Single-Member Limited Liability Company

 

 

DATE OF INCORPORATION

29DEC2001

STARTING DATE

05/02/2002

PLACE OF REGISTRY

Lima

 

 

NOTARY OFFICE

Octavio Galvarino Delgado

DURATION

Indefinite

REGISTRATION

Registration 11335808

 

 

INITIAL CAPITAL

S/.5,586.= Nuevos Soles

 

 

CURRENT PAID-IN CAPITAL

S/.5,586.= Nuevos Soles

LAST CAPITAL INCREASE

No increases

CURRENT EXCHANGE RATE (US$)

S/.2.77 per USD1.00

 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

ROMERO ALEGRIA, LIDIA

General Manager

100%

29/12/2001

 

 

WHO IS WHO?

 

ROMERO ALEGRIA, LIDIA

TITLE

General Manager

NATIONALITY

Peruvian

D.O.B.

28MAR1957

ID

DNI 07285968

CIVIL STATUS

Single

TAX ID

10072859681

BACKGROUND INFORMATION

 
Its Tax ID is ultimately discharged.

 

BUSINESS

 

SIC Classification
5 2 - BUILDING MATERIALS TRADE, HARDWARE (RETAIL). (Lumber and other building materials, paint, glass, hardware stores, wallpaper stores.)

Main activity

 
Retail sale of hardware articles.

O P E R A T I O N S

Import

Yes

Country

Spain, India, Korea.

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2013

34,570.00

2012

17,373.00

2011

131,697.00

Export

No

SELLING TerritorY

Domestic market

EMPLOYEES

3

 

 

LOCATION

 

OTHER PREMISES

 
The operative address and offices operate at the heading address.

 

FINANCIAL INFORMATION

 

Disposition

REPORT PREPARED FROM OUTSIDE SOURCES.

Interviewee(s)

Fuentes Externas

Information provided

 
This report has been developed entirely through external sources, because Ms. Lidia Romero Alegria (General Manager) declined delivery of data required to be treated as confidential

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
FAIR
This is a company established in 2002, member of a crowded and competitive industry.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

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

 

Supplier

Country

ROBAMA S.A.

SPAIN

 


CREDIT BUREAU COMMENTS

Found no protested drafts, promissory notes or bad checks.

 

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

 

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 30/06/2013

 

Bank

Debt Rating
(*) See caption

Current Debt

DOMESTIC CURRENCY

FOREIGN CURRENCY

SCOTIABANK

NORMAL

25,833.00

 

Total

25,833.00

 

 

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 01                           30/06/2013

 

 

 

Domestic Currency

Foreign Currency

LOANS

:

25,526.00

 

 

:

307.00

 

 

 

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

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

TOTAL DEBT

:

25,833.00

 

 

 

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

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

 

 

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.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.82

UK Pound

1

Rs.96.57

Euro

1

Rs.82.45

 

 

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.