MIRA INFORM REPORT

 

 

Report Date :

02.09.2013

 

IDENTIFICATION DETAILS

 

Name :

M & G SOLUTIONS S.A.C.

 

 

Registered Office :

Dos de Mayo 516 - 201 - Cruce Av. Arequipa con 2 de Mayo, Miraflores, Lima, 18

 

 

Country :

Peru

 

 

Date of Incorporation :

27.12.2004

 

 

Legal Form :

Closely-held Corporation

 

 

Line of Business :

Import and Marketing of Medical Equipment, specialized Materials and Supplies for health care and the Aesthetic and Beauty

 

 

No. of Employees :

4

 

 

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 :

Small company

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

M & G SOLUTIONS S.A.C.

TRADE NAME

M&G SOLUTIONS

TAXPAYER REGISTRATION

RUC 20510527144

MAIN ADDRESS

Dos de Mayo 516 - 201 - Cruce Av. Arequipa con 2 de Mayo, Miraflores

POSTAL CODE

Lima, 18

DEPT/PROV/REGION/STATE

Lima

COUNTRY

PERU

TELEPHONE

(511) 2064209 - 7178242

CORPORATE E-MAIL

ventas@mygsolutions.com

COMMENTS

 

 
Mobile phone:990865566
 
Other e.mail: administracion@mygsolutions.com  

 

EXECUTIVE SUMMARY

Date of foundation

2005

permanent employees

4

Chief Executive

GUTIERREZ FERRARI, EDUARDO MARCELO

Disposition

Poor. Very few information was given. Politely.

Payments policy

(Delays but within sector norms

Number of times that this company was required: 2

 

 

 

LEGAL STRUCTURE

 

 

LEGAL STATUS

Closely-held Corporation

 

 

DATE OF INCORPORATION

27DEC2004

STARTING DATE

01/04/2005

PLACE OF REGISTRY

Lima

 

 

NOTARY OFFICE

Felipe Salgado Padilla

DURATION

Indefinite

REGISTRATION

Registration 11733934

 

 

INITIAL CAPITAL

S/.15,000.= Nuevos Soles

 

 

CURRENT EXCHANGE RATE (US$)

S/.2.80 per USD1.00

 

 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GUTIERREZ FERRARI, EDUARDO MARCELO

General Manager

95%

 

RAZURRI ABTT, CONNIE

Foreign Trade / Logistics

 

 

GUTIERREZ GUARNIZ, EDUARDO CIRICIO

Shareholder

05%

 

 

 

 

WHO IS WHO?

 

 

GUTIERREZ FERRARI, EDUARDO MARCELO

TITLE

General Manager

NATIONALITY

Peruvian

D.O.B.

13JUN1974

ID

DNI 10135716

CIVIL STATUS

Married

DOMICILE

Sanchez Cerro 1716 (Altura Xdra. 15 Av. Brasil), Jesús María

TAX ID

10101357169

 

 

GUTIERREZ GUARNIZ, EDUARDO CIRICIO

TITLE

Shareholder

NATIONALITY

Peruvian

D.O.B.

21FEB1932

ID

DNI 07238045

 

 

BUSINESS HISTORY

 

 

 
The managers of the company are the current shareholders.

 

 

 

BUSINESS

 

 

SIC Classification
5 0 - WHOLESALE TRADE-DURABLE GOODS. (Sale of vehicles, tires, furniture, toys, Home furnishings, machinery.)

Main activity

 
Import and Marketing of Medical Equipment, specialized Materials and Supplies for health care and the Aesthetic and Beauty

O P E R A T I O N S

Import

Yes

Country

Germany

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2013

12,443.00

2012

2,724.00

2011

21,501.00

Export

No

% DOMESTIC PURCHASES

90%

% FOREIGN PURCHASES

10%

SELLING TerritorY

Domestic market

EMPLOYEES

4

 

 

PREMISES

Rented

OTHER PREMISES

 
The Headquarters operates at the heading address.
 
WAREHOUSE: Av. Independencia 1837 (Km.3.5) El Agustino, Lima 10

Comments

 

 
They operate through credit card.

 

 

FINANCIAL INFORMATION

 

 

Disposition

Poor. Very few information was given. Politely.

Interviewee(s)

Elisa Rugel

Position(s)

General Secretary

Information provided

 
After our efforts, we finally were attended by Miss Elisa Rugel, who collaborated with partial data delivery for not having higher approval. She said that the person authorized to provide more data is Miss Connie Razuri who is in charge of foreign trade, to whom we sent our request for information and cover letter, no response to date.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
We estimate that Subject's financial Situation is INDETERMINATE, since we do not have financial statements that allow an accurate analysis of its results in its last financial year.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: PROMED EIRLTDA

Tel.: 511 4635287

Country: PERU

Goods/Services? : medical products

 

 

Highest credit? : DC 200.=

 

 

Client since? : 2009

Terms? : Cash

Performance? : No experience

 

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

 

Supplier

Country

SOC.PERUANA DE ANESTESIA ANALGESIA Y REANIMAC.

PERU

CAMARA DE COMERCIO DE LIMA

PERU

NEXTEL DEL PERU SA

PERU

TECNICAS AMERICANAS DE ESTUDIO

PERU

ACCIONA FORWARDING PERU SA

PERU

VENTYMONT SAC

PERU

VBM MEDIZINTECHNIK GMBH

GERMANY

 

RISK INFORMATION CENTER

 

COMMERCIAL DELINQUENCY

 

Drawer

Document

Protested date

Amount S/.

Amount US$

Payment date

SCOTIABANK PERU SAA

Bill

12/07/2012

21,491.39

0.00

 

CAMARA DE COMERCIO DE LIMA

Bill

18/07/2011

712.80

0.00

 

CAMARA DE COMERCIO DE LIMA

Bill

18/07/2011

712.80

0.00

 

CAMARA DE COMERCIO DE LIMA

Bill

18/07/2011

712.80

0.00

 

SOCIEDAD PERUANA DE ANESTESIA

Bill

02/02/2011

2,800.00

0.00

 

 


CREDIT BUREAU COMMENTS

It registers a total of 14 papers protested (not paid in due date) of which 12 have been found to have not been solved. The total amount of the debt is US$11.731.= Y S/.31, 655. = (Last 5 are detailed)

 

 

Comments :

At 30/06/2013 it registers with BANCO WIESE - SALES PORTFOLIO, LOST rating with 523 days of delinquency

 

 

 

CREDIT OPINION

 

 

Consulted Credit Amount :

MAXIMUM?

 

Given the refusal of providing balances, not knowing their payment references and other informations, we regret not being able to provide a credit opinion.

NOTE : The opinion given is confidential, referential and with out liability.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.57

UK Pound

1

Rs.103.34

Euro

1

Rs.88.16

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.