MIRA INFORM REPORT

Report Date :

17.12.2014

IDENTIFICATION DETAILS

Name :	CIA. COMERCIAL INDUSTRIAL PERUANO SUECA S. A.
Registered Office :	AV. Oscar R Benavides Nro. 2066 URB. La Trinidad (Altura Cdra. 20 De La Avenida Colonial) Lima - Lima - Lima
Country :	Peru
Date of Incorporation :	23.04.1956
Legal Form :	Sociedad Anónima
Line of Business :	Import and Marketing of special steels, tool steels, steels for machinery, plastic mold steels, stainless steel bars; spring wire stainless steel, perforated bars; Tape saws for cutting wood, metal strapping for packaging, chisels, carbureted plates.
No. of Employees :	17

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 topography - 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. Peru is the world's second largest producer of silver and third largest producer of copper. The Peruvian economy has been growing by an average of 5.6% for the past five years with a stable exchange rate and low inflation, which in 2013 was just below the upper limit of the Central Bank target range of 1 to 3%. For the last three years, this growth was due partly to high international prices for Peru's metals and minerals exports, which account for almost 60% of the country's total exports. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs makes the economy vulnerable to fluctuations in world prices. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 28 percentage points since 2002, but inequality persists and continues to pose a challenge for the Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. 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 EU, the European Free Trade Association, Chile, Thailand, Costa Rica, Panama, Venezuela, concluded negotiations with Guatemala, and begun trade talks with Honduras and El Salvador, Turkey and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that rivals Mercosur. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the United States has doubled. 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

Company Name and address
Legal Name:		Cia. Comercial Industrial Peruano Sueca S. A.
Trade Name:		CIPESA
RUC:		20101560504
Date Created:		1956
Date Incorporated:		23/04/1956
Legal Address:		AV. OSCAR R BENAVIDES NRO. 2066 URB. LA TRINIDAD (ALTURA CDRA. 20 DE LA AVENIDA COLONIAL) LIMA - LIMA - LIMA
Operative Address:		Av. Oscar R. Benavides 2066 Lima (ex Av.Colonial)
Telephone:		51 1 336 8989 / 8456
Fax:		51 1 336 8692
Legal Form:		Sociedad Anónima
Email:		administracion@cipesa.net
Registered in:		Peru
Website:		www.cipesa.net
Manager:		Palomino Barba Hugo Eduardo
Staff:		17
Activity:		Steel Industry
BANKS
Name of the Bank:		Banco del Perú
The company does not make its banking data public.
HISTORY
CIPESA was formed and began operations in 1956.
PRINCIPAL ACTIVITY
The company is dedicated to the business of import and marketing of special steels, tool steels, steels for machinery, plastic mold steels, stainless steel bars; spring wire stainless steel, perforated bars; Tape saws for cutting wood, metal strapping for packaging, chisels, carbureted plates, etc.. CIPESA since its foundation represents the largest Swedish manufacturer of specialty steel mill and manufacturer strips for various sectors, highlighting in Peru, strapping for the timber industry through UDDEHOLM bandsaws.
Products/Services description:	Hot Work Steels Cold Work Steels Steels for Plastic Molds Jobs Steels for Machinery Stainless Steels powder metallurgy steels Saws for cutting wood other Products
Brands:	CIPESA
Sales are:	Wholesale
Competitors:	CONSORCIO MINERO S A CORMIN CORPORACION DORE TRADING S.A.C. REFRACTARIOS Y CRISOLES S A
Clients:	Steel Industry
Suppliers:	ASSAB INTERNATIONAL AB
Operations area:	National & International
The company imports from	Sweden
The company exports to	America
The subject employs	17 employees
Payments:	Regular
LOCATION
Headquarters :	Av. Oscar R. Benavides 2066 Lima (ex Av.Colonial)
Branches:	The company does not have branches
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. The major holder is: Uddeholms AB VARMLANDS LAN 17. 68385 Hagfors. Sweden
Management:	Manager, Palomino Barba Hugo Eduardo General Manager, Forsberg Jean Mairet Elsa Clara Monica
Related Companies:	No subsidiary companies
FINANCIAL INFORMATION
This is a private company which does not make its financial statements public.
Despite our long search, we could not confirm its financial figures.
LEGAL FILINGS
There are no legal/criminal connected to the subject
SUMMARY
The company is dedicated to the business of import and marketing of special steels. It has more than 50 years of experience in the market and is controlled by a large sized, well established Sweden company. The company has a small size with 17 employees, it grew in size since it had 14 employees last year. There are no negative.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
SUGGESTED CREDIT LINE	USD 100 000
STATUS	ACTIVE
ENTERVIEW
NAME	NA
POSITION	Administrativ
COMMENTS	The person contacted confirmed address, activity and employees. She said she could not provide more data.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.41
UK Pound	1	Rs.99.30
Euro	1	Rs.79.00

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

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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