MIRA INFORM REPORT

Report Date :

25.06.2013

IDENTIFICATION DETAILS

Name :	FABRICA DE SALDOS Y REMATES E.I.R.L.

Registered Office :	Mariscal Eloy Ureta 156, Urb. El Pino, Altura Paradero Ex-Sedapal, San Luis, Lima, 30

Country :	Peru

Date of Incorporation :	13.05.2010

Com. Reg. No.:	Certificate No.12492711.

Legal Form :	Single-Member Limited Liability Company

Line of Business :	Import and marketing of yarns

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

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 – March 31^st 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 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	FABRICA DE SALDOS Y REMATES E.I.R.L.
TAXPAYER REGISTRATION	RUC 20536655949
MAIN ADDRESS	Mariscal Eloy Ureta 156, Urb. El Pino, Altura Paradero Ex-Sedapal, San Luis,
POSTAL CODE	Lima, 30
DEPT/PROV/REGION/STATE	Lima / Lima
COUNTRY	PERU
TELEPHONE	(511) 3267348
CORPORATE E-MAIL	mary140504@hotmail.com
COMMENTS
We clarify that the full address is mentioned in the corresponding heading We remind that the order came without phone number to accelerate our management.

EXECUTIVE SUMMARY

Date of foundation	2010
Capital stock	S/.63,516.= Nuevos Soles
permanent employees	10
Chief Executive	HAMIDEH HAMIDEH OMAR
Disposition	Poor. Very few information was given. Politely.
Payments policy	Without rating (No payment experience traced)
Credit ()**	UNDETERMINED RISK. (Insufficient or Non existent information).
Number of times that this company was required: 2

LEGAL STRUCTURE

LEGAL STATUS	Single-Member Limited Liability Company
DATE OF INCORPORATION	13MAY2010	STARTING DATE	01/07/2010
PLACE OF REGISTRY	Lima
NOTARY OFFICE	Roque Alberto Diaz Delgado	DURATION	Indefinite
REGISTRATION	Certificate No.12492711.
INITIAL CAPITAL	S/.63,516.= Nuevos Soles
CURRENT PAID-IN CAPITAL	S/.63,516.= Nuevos Soles
CURRENT EXCHANGE RATE (US$)	S/.2.74 per USD1.00
COMMENTS
FABRICA DE SALDOS Y REMATES E.I.R.L. was incorporated by public deed dated 03/05/2010 and the Explanatory Deed dated 13/05/2010, granted before Notary Roque Alberto Diaz Delgado in the city of Lima. Management is the organ that is responsible for the administration and representation of the company. It will be played by one or more individuals. Should the manager position rests with the Subject, this is called Manager. The appointment of the manager will be made by the Subject, the duration of the position is indefinite, but may be revoked at any time.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
HAMIDEH HAMIDEH OMAR	Manager	100%	04/05/10
POLICARPO, MARIA	Management Assistant

WHO IS WHO?
HAMIDEH HAMIDEH OMAR
TITLE	Manager
NATIONALITY	Peruvian
D.O.B.	25OCT1951 (Piura)
ID	DNI 08259979
CIVIL STATUS	Married
DOMICILE	Mariscal Eloy Ureta 156, Urb. El Pino, San Luis, Lima
PROFESSION	Businessman
TAX ID	10082599792
FATHER'S NAME	Ahmad Hamidh
MOTHER'S NAME	Jerie Hamideh
BACKGROUND INFORMATION	Married under the regime of separation of assets, registered in the Registry Item 32023808 of Personal Register of Lima. Tax domicile: Teniente Romanet 440, San Isidro (Lima,27)

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME	COUNTRY	TAX REG.	RELATION %
COMERCIALIZADORA LA QUINTA S.A.C.	PERU	(AC) 20471654583	Related
INVERSIONES ANDINAS EL POLO S.A.C.	PERU	(AC) 20538535100	Related
LA QUINTA DE LOS FABRICANTES SAC	PERU	20219719443	Related
LA QUINTA FERIA S.A.C.	PERU	20259066671	Related
NEGOCIOS INMOBILIARIOS LA QUINTA S.A.C.	PERU	20471654583	Related
THE MOP IMPORT EXPORT S.A.C.	PERU	20507076441	Related

BUSINESS

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

Main activity

Import and marketing of yarns.

OPERATIONS

Import

Yes

Country

China, India and USA.

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2013	4,207.00
2012	159,454.00
2011	60,798.00

Export

SELLING TerritorY

100% Domestic market

EMPLOYEES

LOCATION

PREMISES

Own Settled

OTHER PREMISES

The administrative, commercial and legal address operate at the facilities indicated at the identification heading.

Other premises: Prolongación Luis Giribaldi 738, Int. 05 (Semi Sotano Primer Sotano) La Victoria - Lima (Lima,13)

The company sets its domicile in Lima, but it can establish branches throughout the country.

Comments

Performs cash and credit sales with short term benefits.

Purpose: The Company is engaged in the distribution of yarns and fabrics. In general, it may engage in any other activity related or associated with the above-mentioned. To fulfill this objective, it may perform all acts and contracts that are lawful without restriction. It is understood in the purpose, the acts relating thereto that contribute to the accomplishment of its purposes.

FINANCIAL INFORMATION
Disposition	Poor. Very few information was given. Politely.
Interviewee(s)	Terceras fuentes.
Information provided	Despite our countless efforts, we have failed to arrange a meeting with the Owner - Manager of the company. After evaluating our request presented beforehand in writing , through his assistant, Ms. Policarp, told us that in order to assist us and disclose information, is essential to revealed the identity of the interested supplier, primarily for safety reasons because the required data are strictly reserved. Therefore, this report has been prepared based on data collected by third reliable sources, both direct and indirect, as well as official, means by which it was not feasible to get updated balances and estimated figures.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	NN: UNDETERMINED We do not have financial statements that enable an accurate analysis of the results in its last financial year, we also do not have references that tell us payment responsibility. Specialized sources consulted did not report a history of protest of drafts, notes, returned checks for insufficient funds, except for some omissions in the payment of its contributions with Essalud and SUNAT. In the financial sector, the Superintendency of Banking and Insurance does not report the use of bank financing.
Insurance Comments
We did not have access to this information.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

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

Supplier	Country
CARLOS BELLO S.A.	PERU
COTTON K-YARN	CHINA
FUZHOU RIVERSUNY WATER PROOF GARMENTS AND BAGM	CHINA
FAR EASTERN NEW CENTURY CORPORATION	U.S.A.
INTERNATIONAL YARN COMMERCE INC.	U.S.A.

RISK INFORMATION CENTER

COMMERCIAL DELINQUENCY

Drawer	Document	Protested date	Amount S/.	Amount US$	Payment date
ESSALUD (COBRANZA COACTIVA 31/05/2013)		2013-04	918.00	0.00
SUNAT		2013-03	914.00	0.00
SUNAT		2013-12	1,415.00	0.00

CREDIT BUREAU COMMENTS

We have requested references to its suppliers but have not yet responded. As of the date of the report, no protested documents, closed accounts or lawsuits against this company have been found. Found no coercive collection debts, except for certain omissions in the payment of its contributions with Sunat and Essalud as detailed.

Comments :

We were unable to find the name of the banks with which it maintains its accounts.

GENERAL INFORMATION
REPUTATION
SLOW WITH AFP, ESSALUD, SUNAT.(Publication)
Explanation about commercial reputation

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.73
UK Pound	1	Rs.91.82
Euro	1	Rs.78.23

INFORMATION DETAILS

Report Prepared by :

MNL

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.

MIRA INFORM REPORT

IDENTIFICATION

EXECUTIVE SUMMARY

LEGAL STRUCTURE

DIRECTORS - EXECUTIVES – SHAREHOLDERS

WHO IS WHO?

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

BUSINESS

FINANCIAL INFORMATION

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

GENERAL INFORMATION

Unit