MIRA INFORM REPORT

Report Date :

20.01.2014

IDENTIFICATION DETAILS

Name :	ESPINOZA HUAMAN, REISER ELEAZAR

Registered Office :	America No.361 Int. 201A (2do. Piso - a 1 cdra.CC. Pque. Canepa) La Victoria, Lima, 13, Lima

Country :	Peru

Date of Incorporation :	11.10.2008

Legal Form :	Sole Proprietorship

Line of Business :	Marketing and sale of elastics, import of sewing threads.

No. of Employees :	2

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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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	ESPINOZA HUAMAN, REISER ELEAZAR
TRADE NAME	REYXER
TAXPAYER REGISTRATION	RUC 10460699466
MAIN ADDRESS	America No.361 Int. 201A (2do. Piso - a 1 cdra.CC. Pque. Canepa) La Victoria
POSTAL CODE	Lima, 13
DEPT/PROV/REGION/STATE	Lima
COUNTRY	PERU
TELEPHONE	(511) 3231133- 975127414
CORPORATE E-MAIL	reyxer_100@hotmail.com
COMMENTS
The phone (511) 5314755, belongs to its domicile.

EXECUTIVE SUMMARY

Date of foundation	2008
permanent employees	2
Chief Executive	ESPINOZA HUAMAN, REISER ELEAZAR
Disposition	Poor. Very few information was given. Politely.
Payments policy	Usually to terms / good
Number of times that this company was required: 2

LEGAL STRUCTURE

LEGAL STATUS	Sole Proprietorship
DATE OF INCORPORATION	11OCT2008	STARTING DATE	11/10/2008
PLACE OF REGISTRY	Lima
CURRENT EXCHANGE RATE (US$)	S/.2.81 per USD1.00

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
ESPINOZA HUAMAN, REISER ELEAZAR	Manager

WHO IS WHO?

ESPINOZA HUAMAN, REISER ELEAZAR
TITLE	Manager
NATIONALITY	Peruvian
ID	DNI 46069946
DOMICILE	San Juan de Dios Mz D Lt.27, San Martin de Porres, Lima
TAX ID	10460699466

BUSINESS

SIC Classification

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

Main activity

Marketing and sale of elastics, import of sewing threads.

O P E R A T I O N S

Import

Yes

Country

China

Export

% CASH SALES / METHOD

60%

% Credit SALES / Terms

40% (30 days)

% DOMESTIC PURCHASES

80%

% FOREIGN PURCHASES

20%

EMPLOYEES

LOCATION
PREMISES	Rented
OTHER PREMISES	JR. AMERICA NRO. 361 INT. 301 LIMA LIMA LA VICTORIA - Warehouse

FINANCIAL INFORMATION

Disposition	Poor. Very few information was given. Politely.
Interviewee(s)	ESPINOZA HUAMAN, REISER ELEAZAR
Position(s)	Owner
Information provided	Who only provided operational data except for figures on grounds of confidentiality.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	UNDETERMINED 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.
Main fixed assets of the company (general detail)
N/D

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: STEEB INTERLOGISTIC COMPANY S.A.C. ADUANAS - S	Tel.: (511) 7192505	Country: PERU
Goods/Services? : Customs service
Highest credit? : DC Unlimited
Client since? : 2012	Terms? : Cash	Performance? : No experience
Supplier: BLONDAS Y ELASTICOS SA BLONDESA	Tel.: (511) 4511830	Country: PERU
Goods/Services? : elastics
Highest credit? : US$ 40,000
Client since? : 2008	Terms? : 60 days	Performance? : Prompt

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

Supplier	Country
INTERNATIONAL CORPORATION LTD	CHINA

RISK INFORMATION CENTER

COMMERCIAL DELINQUENCY

Drawer	Document	Protested date	Amount S/.	Amount US$	Payment date
BLONDAS Y ELASTICOS SA BLONDESA	Draft	06/05/2013	0.00	3,000.00	30/07/2013

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 30/11/2013

Bank	Debt Rating (*) See caption	Current Debt
Bank	Debt Rating (*) See caption	DOMESTIC CURRENCY	FOREIGN CURRENCY
MIBANCO	NORMAL	70,624.00
CREDITO	NORMAL	42,583.00
CREDISCOTIA	NORMAL	18,112.00
SCOTIABANK	NORMAL	8,173.00
Total		139,492.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.35
UK Pound	1	Rs.100.21
Euro	1	Rs.83.52

INFORMATION DETAILS

Report Prepared by :

NNA

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.