|
Report Date : |
06.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL TEXTIL S.A. |
|
|
|
|
Registered Office : |
Maquinarias 1960, Urb. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2013 |
|
|
|
|
Date of Incorporation : |
21.11.1964 |
|
|
|
|
Com. Reg. No.: |
Card 311, Page 281, Entry 2; License 2162-85 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
engaged in import, distribution and commercialization of flat woven and fabrics. |
|
|
|
|
No. of Employees : |
69 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
COMERCIAL TEXTIL
S.A. |
|
TRADE NAME |
COMTEX |
|
TAXPAYER REGISTRATION |
RUC 20113642093 |
|
MAIN ADDRESS |
Maquinarias 1960, Urb. San Remo, Lima |
|
POSTAL CODE |
Lima, 1 |
|
DEPT/PROV/REGION/STATE |
Lima / Lima |
|
COUNTRY |
PERU |
|
TELEPHONE |
(511) 7068882 - 3368199 |
|
CORPORATE E-MAIL |
|
|
WEB |
|
|
COMMENTS |
|
No address was provided in your order.Other e-mails: manuel@comercial-textil.com cesarrios@comercial-textil.com |
|
EXECUTIVE SUMMARY
|
|
|
Date of foundation |
1964 |
|
Capital stock |
S/.8,800,000.= Nuevos Soles |
|
permanent employees |
69 |
|
Chief Executive |
SEMINARIO GORBITZ, MAX ANTONIO |
|
Disposition |
Excellent. Full information and Financial
Statements. |
|
Payments policy |
Usually to terms / good |
|
Credit (**) |
MODERATE RISK. (Acceptable financial
situation but limited). |
|
Number of times that this company was
required: 17 |
|
LEGAL STRUCTURE
|
|||
|
LEGAL STATUS |
Joint-Stock Company |
|
|
|
DATE OF INCORPORATION |
21NOV1964 |
STARTING DATE |
01/03/1965 |
|
PLACE OF REGISTRY |
Lima |
|
|
|
NOTARY OFFICE |
Jorge L. Miranda Bracamonte |
DURATION |
Perpetual |
|
REGISTRATION |
Card 311, Page 281, Entry 2; License
2162-85 |
|
|
|
CURRENT PAID-IN CAPITAL |
S/.8,800,000.= Nuevos Soles |
|
|
|
CURRENT EXCHANGE RATE (US$) |
S/.2.82 per 1 USD |
|
|
|
COMMENTS |
|
||
On 09/01/1996, Subject merged TEXTILES EL SOL SA and MULTIPLASTIC PERUANA SA, which were dissolved without being liquidated.According to SUNAT, Subject was incorporated to the General Tax Withholding Agent Regime IGV (R.S.096-2012) as from 06/01/2012 |
|||
DIRECTORS
EXECUTIVES –
SHAREHOLDERS |
|||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
WHO IS WHO?
|
|||||||||||||
|
SEMINARIO GORBITZ,
FERNANDO ENRIQUE |
|||||||||||||
|
TITLE |
President |
||||||||||||
|
NATIONALITY |
Peruvian |
||||||||||||
|
ID |
DNI 06370569 |
||||||||||||
|
|
|
||||||||||||
|
|
|
||||||||||||
|
SEMINARIO
GORBITZ, PATRICIA ZOILA LUCRECIA |
|||||||||||||
|
TITLE |
Director |
||||||||||||
|
NATIONALITY |
Peruvian |
||||||||||||
|
D.O.B. |
02OCT1950 |
||||||||||||
|
ID |
DNI 08246153 |
||||||||||||
|
TAX ID |
10082461537 |
||||||||||||
|
|
|
||||||||||||
|
ASSOCIATED AS PER OUR DATABASE TO |
|||||||||||||
|
|||||||||||||
|
|
|
||||||||||||
|
|
|
||||||||||||
|
SEMINARIO
GORBITZ, LUZ MARIA |
|||||||||||||
|
TITLE |
Director |
||||||||||||
|
NATIONALITY |
Peruvian |
||||||||||||
|
|
|
||||||||||||
|
|
|
||||||||||||
|
SEMINARIO
GORBITZ, MAX ANTONIO |
|||||||||||||
|
TITLE |
General Manager |
||||||||||||
|
NATIONALITY |
Peruvian |
||||||||||||
|
D.O.B. |
111946 |
||||||||||||
|
ID |
DNI 16649021 |
||||||||||||
|
TAX ID |
10166490214 |
||||||||||||
|
BACKGROUND INFORMATION |
His Tax ID (RUC 10166490214) was issued on 01.01.1992 to be engaged in business consulting activities, domiciled at Calle Los Tulipanes 0357, Urbanización Los Parques, Chiclayo - Lambayeque.He acts as General Manager in the business of Araceli Suárez Requena (Tax ID RUC 20113642093). |
||||||||||||
|
|
|
||||||||||||
|
ASSOCIATED AS PER OUR DATABASE TO |
|||||||||||||
|
|||||||||||||
BUSINESS HISTORY
|
|
COMERCIAL TEXTIL S.A. is a company engaged in the commercialization and distribution of fabrics. It was founded in 1964 in the City of Chiclayo and entered under Page 281, Volume 311 of the Registry of Business Corporations of Lima. |
|
BUSINESS
|
|||||||||||||||||
|
SIC Classification |
|||||||||||||||||
|
Main activity |
Subject is engaged in import, distribution and commercialization of flat woven and fabrics.Trademark: BRONSON.Third-party brands: HARRY, UT - UNIVERSAL TEXTIL, POLYSTEL (brands for fabric selvedges) |
||||||||||||||||
|
OPERATIONS |
|||||||||||||||||
|
Import |
Yes |
||||||||||||||||
|
Country |
Colombia, India, Mexico, Thailand |
||||||||||||||||
|
ANNUAL Imports In US$ (CIF) |
|
||||||||||||||||
|
Export |
No |
||||||||||||||||
|
% CASH SALES / METHOD |
15% |
||||||||||||||||
|
% Credit SALES / Terms |
85% -Inv. 30 days or Draft/30,45,60,90,120,150
dy |
||||||||||||||||
|
% DOMESTIC PURCHASES |
40% |
% FOREIGN PURCHASES |
60% |
||||||||||||||
|
SELLING TerritorY |
Domestic market |
||||||||||||||||
|
EMPLOYEES |
69 |
||||||||||||||||
|
|||||||||||||||||
FINANCIAL INFORMATION
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disposition |
Excellent. Full information and Financial Statements. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Interviewee(s) |
César Rios |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Position(s) |
Finance Manager |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Information provided |
Mr. Cesar Rios validated, corrected and added comercial data. He also provided figures of the Interim Balance Sheet as of 11/30/2013 (11 months), expressed in Nuevos Soles. In public sources, we found supplementary information included in this report. From a former investigation, we learnt that sales as of 12/31/2012 amounted to S/.60,000,000.= |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
SALES |
US$ 0.00 () |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FINANCIAL SITUATION |
FAIRBased on the last submitted Financial Statement, Company's Financial Situation is considered as FAIR. -Liquidity ratio is acceptable. Working capital keeps a positive margin. Indebtedness is over than its shareholders' equity. Operating results are very limited. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Sales History in US$ (of Balance Sheet, statement of third
parties) |
||||||||
|
||||||||
|
|
|
|
|
|
||||
|
INSURANCE |
||||||||
|
||||||||
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
(Confidential Information) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TRADE REFERENCES |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Note : Other
suppliers did not provide information or could not be consulted |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
RISK INFORMATION CENTER |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
COMMERCIAL DELINQUENCY |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
On the other hand, no closed accounts, cancelled credit cards and tax or pension debts with an AFP were found against Subject. |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
SUPERINTENDENCY OF BANK & INSURANCE (SBS) |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Debt structure for bank. SBS Latest Consolidated
Credit Report as of : 31/12/2013 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONSOLIDATED DEBT (ALL
BANKS) ENTITIES
NUMBER : 7 31/05/2013 |
||||||||||||||||||||||||||||||||||||||||||||
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
UK Pound |
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.84.35 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.