MIRA INFORM REPORT

Report Date :

15.02.2014

IDENTIFICATION DETAILS

Name :	AWAY TEXTIL E.I.R.L.

Registered Office :	Urb. Pradera de Santa Anita, Mz. I1, Lt. 25, entre Av.Encalada y Av Ferrocarril, El Agustino, Lima, 10

Country :	Peru

Financials (as on) :	18.10.2010

Date of Incorporation :	24.09.2010

Legal Form :	Single-Member Limited Liability Company

Line of Business :	Manufacture of fabrics in general.

No. of Employees :	3

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 – December 01, 2013

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

AWAY TEXTIL E.I.R.L.

TAXPAYER REGISTRATION

RUC 20537795493

MAIN ADDRESS

Urb. Pradera de Santa Anita, Mz. I1, Lt. 25, entre Av.Encalada y Av Ferrocarril, El Agustino,

POSTAL CODE

Lima, 10

DEPT/PROV/REGION/STATE

Lima / Lima

COUNTRY

PERU

TELEPHONE

(511)

CORPORATE E-MAIL

awaytextil@hotmail.com

COMMENTS

Be advised the correct name of the Company is as above indicated.

No telephone number was given on your order.

Cell Phone: 998199736

NOTE

The address on your order is an uncomplete and incorrect spelling address, the correct and complete address is as above-mentioned.

EXECUTIVE SUMMARY
Date of foundation	2010
permanent employees	3
Chief Executive	AROTINGO CAMARGO, DIGNO
Disposition	Declined. Needed to know the requestor's name.
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

REPUTATION

NOTHING AGAINST COMPANY

CREDIT OPINION
Requested credit	Maximum Credit
(*) Opinion after analyzing different factors and other opinions.

LEGAL STRUCTURE

LEGAL STATUS	Single-Member Limited Liability Company
DATE OF INCORPORATION	24SEP2010	STARTING DATE	18/10/2010
PLACE OF REGISTRY	Lima
NOTARY OFFICE	César Francisco Torres Kruger	DURATION	Perpetual
REGISTRATION	Entry 12555779 of the Pub. Reg. of Com.
INITIAL CAPITAL	S/.27,900.= Nuevos Soles
CURRENT EXCHANGE RATE (US$)	S/.2.82 per USD.1.00

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
*AROTINGO CAMARGO, DIGNO*	Owner - Manager	100%	28/09/2010

WHO IS WHO?


AROTINGO CAMARGO, DIGNO
TITLE	Owner - Manager
NATIONALITY	Peruvian
D.O.B.	01JUN1970 (Pasco)
ID	DNI 09813454
CIVIL STATUS	Single
DOMICILE	Coop. Pchacútec Mz.L, Lt.9, Santa Anita, Lima
PROFESSION	Businessman
FATHER'S NAME	Emilio Arotingo
MOTHER'S NAME	Máxima Camargo

BUSINESS HISTORY

It is unknown whether the Company is part of any business group.

BUSINESS

SIC Classification
2 2 - TEXTILE INDUSTRY. FLAT YARNS AND CONFECTIONARY RAW MATERIAL. (Manuf.Weaving mills, cotton, Synthetics, hosiery, woven carpets and rugs, yarn, fabrics, etc.)

Main activity

Manufacture of fabrics in general.

O P E R A T I O N S

Import

Yes

Country

India

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2013	230,448.00
2012	228,480.00

Export

% CASH SALES / METHOD

60%

% Credit SALES / Terms

40% at 30 days

% DOMESTIC PURCHASES

85%

% FOREIGN PURCHASES

15%

SELLING TerritorY

Domestic market - 100%

EMPLOYEES

LOCATION

PREMISES

Own Settled

OTHER PREMISES

Headquarters, administrative and commercial offices, production plant operate at the above address.

Other Facilities: Jr. América 460 - 209, La Victoria - Lima.

The Company is domiciled in Lima, being able to open branches all over the country.

Comments

(*) Permanent workers reported by SUNAT as of November 2011: Two employees

BUSINESS PURPOSE: Production. commercialization, distribution, commercial representation, importation and exportation of knitted fabrics, cotton fabrics for textile industry, as well as the acts related thereto, that contribute to the achievement of its business goals.  For this purpose, it shall carry out any and all acts permitted by law, without restriction.

FINANCIAL INFORMATION

Disposition	Declined. Needed to know the requestor's name.
Interviewee(s)	Digno Arotingo
Position(s)	Owner - Manager
Information provided	After an exhaustive follow-up, we talked to Mr. Arotingo, Owner of the Company, who supplied very precise information but he declined to give the financials by arguing he had to assess first our information request since he was not accustomed to disclosing information without knowing the end user of this report. He even denied giving his telephone number by arguing it would be better to contact him by cell phone. As so far he has not replied and we were not able to contact him again, we had to complete this report based on data collected from reliable outside sources and official where no balance sheets or estimated accounting figures were available. According to the inquiries made, this is a Peruvian company operating in the market since 2010, engaged in the fabric industry. It hires 3 workers so that is is considered to be a microenterprise.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	NN: UNDETERMINED Financial situation is indeterminate. No balance sheets or estimated accounting figures were available to assess this Company's current results. Found no trade references either showing its payment record. However, it should be mentioned that no negative backgrounds were reported while its credit experience with the financial sector is rated Normal, as reported by the Superintendency of Bank and Insurance - SBS.
Main fixed assets of the company (general detail)
Information unavailable.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: TERRA ADUANAS S.A.C.	Tel.: 511 4537906	Country: PERU
Goods/Services? : Customs services
Highest credit? : No specified
Client since? : Sv.years	Terms? : CASH	Performance? : No experience

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

Supplier	Country
KEWALRAM TEXTILES PVC LTD.	INDIA
WINSOME HILOS LIMITED	INDIA

CREDIT BUREAU COMMENTS

No protested documents, cancelled accounts or lawsuits have been reported. Found neither compulsory collection debts, nor payment failures against the State.

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 31/03/2013

Bank	Debt Rating () See caption*	Current Debt
		DOMESTIC CURRENCY	FOREIGN CURRENCY
BANCO DE CREDITO	NORMAL		26.00
Total			26.00

Comments :

The SBS has rated the Company 100% NORMAL since 30/11/2012. As of 31/05/2012 it was rated 100% POTENTIAL PROBLEM

GENERAL INFORMATION

Explanation about commercial reputation

CREDIT OPINION


Consulted Credit Amount :	Maximum Credit
Since they refused to give balance sheets and trade references and other information are unknown, unfortunately, we cannot give 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.62.27
UK Pound	1	Rs.103.66
Euro	1	Rs.85.17

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.