MIRA INFORM REPORT

Report Date :

04.02.2013

IDENTIFICATION DETAILS

Name :	CASTAÑEDA CABANILLAS, ARTURO

Registered Office :	Calle 21, Mz.N, Lt.23, Asoc. Chasquis (a 3 cuadras de Puente Camote) San Martín de Porres,

Country :	Peru

Date of Incorporation :	21.06.2011

Legal Form :	Sole Proprietorship

Line of Business :	Subject is engaging in wholesale of grocery products and / or intermediates.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Peru

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	CASTAÑEDA CABANILLAS, ARTURO
TRADE NAME	CONSORCIO CASTAÑEDA
TAXPAYER REGISTRATION	RUC 10099014054
MAIN ADDRESS	Calle 21, Mz.N, Lt.23, Asoc. Chasquis (a 3 cuadras de Puente Camote) San Martín de Porres,
POSTAL CODE	Lima,31
PROVINCE / DEPARTAMENT	Lima / Lima
COUNTRY	PERU
TELEPHONE	(511) 998183151
COMMENTS	It might be recalled that the order was forwarded without phone number to expedite our investigation

SUMMARY

permanent employees	Unknown.
Chief Executive	CASTAÑEDA CABANILLAS, ARTURO
Disposition	REFUSED TO GIVE INFORMATION (No reason. Reserved. Relunctant.
Payments policy	Without rating (No payment experience traced)
Credit (**)	Indeterminate, Information is insufficient. With no Experience.

LEGAL BACKGROUNDS

LEGAL STATUS	Sole Proprietorship
DATE OF INCORPORATION	21JUN2011
CURRENT EXCHANGE RATE (US$)	S/.2.55 per 1.00 USADollar
COMMENTS	We were unable to learn the amount of investment kept by owner in his business.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
CASTAÑEDA CABANILLAS, ARTURO	Owner Manager

WHO IS WHO?

CASTAÑEDA CABANILLAS, ARTURO
NATIONALITY	Peruvian
D.O.B.	19JUL1974
ID	DNI 09901405
DOMICILE	Calle 21, Mz.N, Lt.23, Asoc. Chasquis (3 cuadras Puente Camote) San Martin de Porres, Lima
TELEPHONE	7875922
TAX ID	10099014054
BACKGROUND INFORMATION	His RUC was issued on 21/06/2011 to engage as an individual with business, to the wholesale of intermediate products and the sale of other store products , under the trade name CONSORCIO CASTAÑEDA.

BUSINESS

SIC Classification
5 9 - MISCELLANEOUS RETAIL. (Miscellaneous home and persons goods stores.)

Main activity

We were unable to learn directly from the company their activity, however, we know through public sources their taxpayer's registry number was issued for the purpose of engaging in wholesale of grocery products and / or intermediates.

Import

Export

% DOMESTIC PURCHASES

100%

SELLING TerritorY

100% in National market

EMPLOYEES

Unknown.

LOCATION

OTHER PREMISES

REGISTERED OFFICE AND GENERAL OFFICES operate at the above address.

No other address is listed.

FINANCIAL INFORMATION

Interviewee(s)	Mr. Arturo Cabanillas
Position(s)	Proprietor Manager
Disposition	REFUSED TO GIVE INFORMATION (No reason. Reserved. Relunctant.
Information provided	Despite having sent in writing our request for information and having explained the advantages of being duly reported by an international reporting agency , and enjoying an adequate credit rating, the interviewed person gave us a categorical refusal emphasizing that there is no ongoing transaction that deserves neither requires an investigation, so he suggested us not to insist. As owner refused, we have produced this report based on data obtained through other reliable sources, official and our, where it was not possible to get balance sheets or reference sales figure.


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 their results in last fiscal year. Their trade references are very few, if any, and do not allow us to establish their payment habits. Only has been located the use of bank financing, with normal compliance. The reluctance in their statements, derived from confidential policies, makes us lack more leads or evaluation sources. Public and private sources of information do not report further details.
Insurance Comments	We could not access that information.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 30/11/2012

Bank	Debt Rating	Current Debt
Bank	Debt Rating	S/.	US$
SCOTIABANK	NORMAL	31,841.00
MIBANCO	NORMAL	30,726.00
F.CREDISCOTIA
Total		62,567.00

CONSOLIDATED DEBT (ALL BANKS) ENTITIES NUMBER : 3 30/11/2012

		Domestic Currency	Foreign Currency
LOANS	:	61,143.00
	:	1,424.00
		--------------------------------------------	--------------------------------------------
TOTAL DEBT	:	62,567.00
		=========================	=========================

Comments :

The Superintendency of Banking and Insurance gives 100% normal rating since February 2012

GENERAL INFORMATION

REPUTATION

NOTHING AGAINST COMPANY

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.32
UK Pound	1	Rs.84.60
Euro	1	Rs.72.63

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%)

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