MIRA INFORM REPORT

 

 

Report Date :

23.01.2014

 

IDENTIFICATION DETAILS

 

Name :

CASIMIRES NABILA S.A.C.

 

 

Formerly Known as: 

CASIMIRES NABILA S.R.L

 

 

Registered Office :

Luis Giribaldi 704 Esquina Sebastian Barranca, La Victoria, Lima, 13

 

 

Country :

Peru

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

23.05.1996

 

 

Com. Reg. No.:

Entry 01630776, Card 130642 (23/05/1996)

 

 

Legal Form :

Closely-held Corporation

 

 

Line of Business :

·         Wholesaler and retailer of fabrics such as Fleece, cashmere & polyester.

Manufacturer of Weaving mills, cotton, Synthetics, Hosiery, Woven Carpets and Rugs, Yarn & Fabrics

 

 

No. of Employees :

19

 

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

CASIMIRES NABILA S.A.C.

TAXPAYER REGISTRATION

RUC 20305882071

MAIN ADDRESS

Luis Giribaldi 704 esquina Sebastian Barranca, La Victoria,

POSTAL CODE

Lima, 13

DEPT/PROV/REGION/STATE

Lima / Lima

COUNTRY

PERU

TELEPHONE

(511) 4744444 - 4744404

CORPORATE E-MAIL

administracion@nabila.pe

WEB

www.nabila.pe

COMMENTS

 

 
E-mail: contabilidad@nabila.pe

 

 

EXECUTIVE SUMMARY

 

Date of foundation

1996

Capital stock

S/.11,982,827.= Nuevos Soles

Shareholders' equity

30,856,205.00 Nuevos Soles (31DEC2012)

Profits (loss)

51,161,750.00 Nuevos Soles (31DEC2012)

permanent employees

19

Chief Executive

GIHA KAIK, NICOLAS SAMIR

Disposition

Declined. Authorized person was unavailable. Postponed.

Payments policy

Usually to terms / good

Number of times that this company was required: 10

 

 

REPUTATION

 

NOTHING AGAINST COMPANY

 

 

LEGAL STRUCTURE

 

LEGAL STATUS

Closely-held Corporation

 

 

DATE OF INCORPORATION

09JUL1996

STARTING DATE

23/05/1996

PLACE OF REGISTRY

Lima

 

 

NOTARY OFFICE

 

DURATION

Perpetual

REGISTRATION

Entry 01630776, Card 130642 (23/05/1996)

 

 

INITIAL CAPITAL

S/.50,000.= Nuevos Soles

 

 

CURRENT PAID-IN CAPITAL

S/.11,982,827.= Nuevos Soles

LAST CAPITAL INCREASE

December 2007 (latest reported)

SHAREHOLDERS EQUITY

30,856,205.00 Nuevos Soles ()

 

 

CURRENT EXCHANGE RATE (US$)

S/.2.77 per USD.1.00

 

 

COMMENTS

 

 
Organized on 09/07/1996 under the name CASIMIRES NABILA S.R.L., which in March 2009 changed legal status to Closely-held Corporation; hence, it adopted the name CASIMIRES NABILA S.A.C.
 
According to SUNAT (Tax Authorities),the Company was entered into the Tax Withholding Agent System (R.S.037-2002) as from 01/06/2002.
 
Currently the General Manager is managed by the firm NGK CONSULTING SAC (Tax ID 20477798633), Peruvian company, which began operations on 01/11/2008. 
 
Address: Calle Las Caobas 170 Int. 207 Urb. El Remanso, La Molina, Lima.

 

DIRECTORS

EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GIHA KAIK, NICOLAS SAMIR

Manager

7%

23/05/96

GOYCOCHEA PIANA, ANTONIO

Finance Manager

 

 

ZAMBRANO, CARLOS

Treasurer

 

 

VALENCIA MORALES, MAURO

Representative

 

 

APOLAYA TORRES, CESAR ALFONSO

Administrator

 

 

TORRES, LUIS

Accountant

 

 

KAIK NAZAR VDA. DE GIHA, JULIA

Shareholder

80%

 

RAMIREZ MURO, VERONICA TRINIDAD

Shareholder

11%

 

RAMIREZ MURO, MARIANELLA

Shareholder

2%

 

 

 

WHO IS WHO?

 

GIHA KAIK, NICOLAS SAMIR

TITLE

Manager

NATIONALITY

Peruvian

D.O.B.

17FEB1957

ID

DNI 08263199

CIVIL STATUS

Married to Marielena Muro Macher

TAX ID

10082631998

BACKGROUND INFORMATION

 
He owns an estate domiciled at Roca y Vergallo 270, San Isidro (Lima 27).

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

NABILA S.A.C.

General Manager

20508945257

PERU

NABILA INVERSIONES S.A.C.

Executive

20477799109

PERU

INVERSIONES MODATEX S.R.L.

Executive

20522141497

PERU

NGK CONSULTING S.A.C.

 

20477798633

PERU

 

 

 

 

VALENCIA MORALES, MAURO

TITLE

Representative

NATIONALITY

Peruvian

D.O.B.

20JAN1959

ID

DNI 06075983

DOMICILE

Bolivar 472 Int. 802 (Edificio Bussiness Club) Miraflores,, Lima / Lima

PROFESSION

Lawyer

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

DISTRIBUIDORA DROGUERIA ALFARO S.A.C.

Legal Representative

20108983583

PERU

 

 

 

 

APOLAYA TORRES, CESAR ALFONSO

TITLE

Administrator

NATIONALITY

Peruvian

D.O.B.

02JAN1954

ID

DNI 07921236

DOMICILE

Canada 3204 Dpto. 202 Jacaranda (entre Av. San Luis y Canada), San Borja, Lima / Lima

TAX ID

10079212364

 

 

 

 

KAIK NAZAR VDA. DE GIHA, JULIA

TITLE

Shareholder

NATIONALITY

Peruvian

D.O.B.

11NOV1926

ID

DNI 07214749

CIVIL STATUS

Widow(er)

DOMICILE

Aurelio Miro Quesada 650 Dpto. 901, San Isidro, Lima

 

 

 

 

RAMIREZ MURO, VERONICA TRINIDAD

TITLE

Shareholder

NATIONALITY

Peruvian

ID

DNI 10218494

DOMICILE

Roca de Vergallo 270 San Isidro, Lima / Lima

PROFESSION

Journalist

TAX ID

10102184942

 

 

 

 

RAMIREZ MURO, MARIANELLA

TITLE

Shareholder

NATIONALITY

Peruvian

D.O.B.

22APR1980

ID

DNI 40511136

DOMICILE

Mariscal Pazos 126 Dpto. 202B Barranco, Lima / Lima

TAX ID

10405111361

 

BUSINESS HISTORY

 

 
The Company was formed based on the assets and operations of a business started in April 1985 by Nicolás Giha Kiak,  who in July 1996, along with Veronica Ramirez Muro formed the Company.

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

NGK CONSULTING S.A.C.

PERU

(AC) 20477798633

General Manager

 

 

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.)

Main activity

 
Wholesale and retail of fabrics: Fleece, cashmere & polyester.
- Industrial Drill: (items: Santista, NabilaDrilles, Fabricato) 
- Domestic and Imported Drill. 
- Industrial Denim: 14 and 12 Oz. 
- Fashion: Fashion Denim: Canatiba, Tavex and Nabila denims 
- Fashion: Denims light, tenceles, blouses. 
- Linings, bolsilleros. 
- Poplin, Taffetas. 
- 3M reflective tapes and Thinsulate.

OPERATIONS

Import

Yes

Country

Brazil, Ecuador, India, Taiwan, China, Colombia, Mexico, Pakistan

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2013

6,286,728.00

2012

8,551,548.00

2011

9,958,134.00

2010

9,759,924.00

2009

3,806,883.00

2008

8,564,918.00

2007

3,226,535.00

2006

1,217,706.00

Export

No

% CASH SALES / METHOD

80%

% Credit SALES / Terms

20% at 30, 60 and 120 days

% DOMESTIC PURCHASES

80%

% FOREIGN PURCHASES

20%

SELLING TerritorY

Domestic market -100%

EMPLOYEES

19

LOCATION

PREMISES

Own Settled

OTHER PREMISES

 
They were previously located at:
- Jr. Huallaga 590 Dpto. Lima, Lima (suspended on 19/08/2003)
- Jr. Huallaga 590 Lima, Lima (suspended on 06/12/2002).
 
 
Other Premises (Warehouses)
- Jr. Sebastian Barranca 1360 (entre las Cdra. 7 y 8 de Parinacochas), La Victoria/Lima,13.
- Av. Mcal. Eloy 261, San Luis/Lima,30
- Av. Iquitos 954, La Victoria/Lima,13
- Av. Iquitos 944, Int. 3-P (3er. Piso), La Victoria/Lima,13
- Jr. Prolongación Lucanas 941 (cruce Isabel La Católica y Lucanas), La Victoria, Lima.
- Av. Iquitos 946, La Victoria/Lima,13
- Jr. Mariscal José de la Mar 158, Urb.  El Pino, San Luis / Lima, 30.
- Nicolás Arriola Mz. B, Lote 4 y 5, Urb. El Pino, San Luis / Lima, 30
 
Branch:
- Jr. Lucanas 913 (cruce Isabel La Católica y Lucanas), La Victoria, Lima.

 

PREVIOUS ADDRESS

Jr. Huallaga 590-594, Lima/Lima,1 (until 19/08/2003)

 

Comments

 

 
Business Purpose: Wholesale of textile products
 
Main Clients:
 
- Ministerio de Salud
- Inversiones Modatex  S.R.L.
- Corp. Cervesur, etc.
 
The number of staff employed by the Subject informed to SUNAT to November 2013 is 19 employees. In December 2012 was 17 workers.

 

FINANCIAL INFORMATION

 

Disposition

Declined. Authorized person was unavailable. Postponed.

Interviewee(s)

Srta. Mirian Campos

Position(s)

Accounting assistant

Information provided

 
On behalf of Mr. Luis Torres, accountant of the company, we were attended by the Miss Mirian Campos who recieved our request and stated it would be evaluated. We have conducted follow-up without any response. 
 
Investigations conducted by public and private external sources, where general information is verified. 
 
We were able to access the main figures of the Balance Sheet closed to 31/12/2012. 2011 sales indicator. 
 
In our archives we have a summary of the Balance Sheets at 31/12/2010, 2009, 2008, quoted  in an informative way.

 

BALANCE SHEET

Balance sheet date

31DEC2012

31DEC2010

31DEC2009

31DEC2008

Type of balance sheet

Annual

Annual

Annual

Annual

Period

12 months

12 months

12 months

12 months

Currency

Nuevos Soles

Nuevos Soles

Nuevos Soles

Nuevo Sol

Exchange rate per US$

2.55

2.8

2.89

3.1

A S S E T S

 

 

 

 

Current Assetsd

 

54,387,657.00

45,326,599.00

45,658,051.00

Fixed

 

2,342,583.00

6,889,675.00

6,657,933.00

Total Assets

66,995,118.00

56,730,240.00

52,216,274.00

52,315,984.00

L I A B I L I T I E S

 

 

 

 

Current liabilities

36,138,913.00

25,669,446.00

23,744,556.00

33,452,294.00

Long term

0.00

5,833,242.00

2,697,412.00

 

TOTAL LIABILITIES

36,138,913.00

31,502,688.00

26,441,968.00

 

S H A R E H O L D E R S'  E Q U I T Y

 

 

 

 

Total shareholders equity

30,856,205.00

25,227,552.00

25,774,306.00

18,863,690.00

Total Liab. / Sh. equity

66,995,118.00

56,730,240.00

52,216,274.00

52,315,984.00

Sales

111,750,524.00

90,296,304.00

85,640,200.00

84,859,003.00

Profit (Loss)

51,161,750.00

3,308,410.00

2,365,729.00

1,850,149.00

FINANCIAL SITUATION

 
A-: SATISFACTORY
Taking into account the last Financial Statement submitted and/or other factors analyzed, we estimate that Subject's financial Situation is SATISFACTORY, due to the following considerations:
 
-Shareholder's equity covers its current liabilities largely.
-The results are moderate.

 

 

 

 

 

Sales History in US$ (of Balance Sheet, statement of third parties)

Date

Sales (US$)

31/12/2011

43,076,923.08

 

 

Property of company comments

According to the Vehicular Registrar, found out 11 vehicular units entered under the Company's name, as follows:
 
- Entry 50094372, Number Plate XO5330.
- Entry 50579999, Number Plate NO1704
- Entry 50582605, Number Plate NO4487.
- Entry 50660586, Number Plate QG6965.
- Entry 50878444, Number Plate AQT341.
- Entry 50961765, Number Plate MG14129.
- Entry 51006090, Number Plate RIV089.
- Entry 51007309, Number Plate RIV237.
- Entry 51061129, Number Plate BIM071.
- Entry 51111905, Number Plate RQK013.
- Entry 51234825, Number Plate RQU357.
* All of them in circulation; free and clear

 

 

 

 

 

INSURANCE

COMPANY

AGAINST

AMOUNT

EXPIRATION

RIMAC INTERNACIONAL CIA. DE SEG. Y REAS

General risk

No specified

Annually

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: FABRICA DE TEJIDOS PISCO

Tel.: (511) 7193900

Country: PERU

Goods/Services? : Fabrics

 

 

Highest credit? : DC Unlimited

 

 

Client since? : 2008

Terms? : 90 days

Performance? : Prompt

Supplier: TECNOLOGÍA TEXTIL SA

Tel.: (511) 4585857

Country: PERU

Goods/Services? : Fabrics

 

 

Highest credit? : DC 3,000,000

 

 

Client since? : sv.years

Terms? : 90 days

Performance? : Prompt

Supplier: COMPAÑÍA UNIVERSAL TEXTIL S.A.

Tel.: (511) 3375260

Country: PERU

Goods/Services? : Fabrics

 

 

Highest credit? : DC 840,000

 

 

Client since? : 2006

Terms? : 90 days

Performance? : Prompt

Supplier: MARITIME LOGISTICS DEL PERÚ

Tel.: (511) 7195350

Country: PERU

Goods/Services? : Marine transport service

 

 

Highest credit? : DC Not specified

 

 

Client since? : sv.years

Terms? : Cash

Performance? : No experience

Supplier: COMPAÑÍA INDUSTRIAL NUEVO MUNDO

Tel.: (511) 4154000

Country: PERU

Goods/Services? : Fabrics

 

 

Highest credit? : DC Not specified

 

 

Client since? : 2006

Terms? : 120 days

Performance? : Prompt

 

 

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

 

Supplier

Country

CONSORCIO LA PARCELA

PERU

CREDITEX

PERU

TETXTIL NUEVO MUNDO

PERU

ADS TEXTIL ENTERPRISE CO. LTD.

TAIWAN

TEXTIL CANATIBA

BRAZIL

TAVEX

SPAIN

SANGAN LIMITED

INDIA

 


CREDIT BUREAU COMMENTS
Positive Information: Sedapal Good Payer - Timely payment last 3 consecutive months (report to 31/10/2013)

 

 

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

DOMESTIC CURRENCY

FOREIGN CURRENCY

BBVA BANCO CONTINENTAL S.A.A.

NORMAL

9,125,157.00

2,641,890.00

SCOTIABANK PERU S.A.A.

NORMAL

3,615,155.00

355,303.00

INTERBANK

NORMAL

2,196,246.00

 

CREDITO DEL PERU S.A.

NORMAL

1,380,449.00

4,051,422.00

BIF

NORMAL

344,302.00

 

Total

16,661,309.00

7,048,615.00

Guarantees

14,886,657.00

5,779,906.00

 

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 4                           31/03/2013

 

 

 

Domestic Currency

Foreign Currency

LOANS

:

7,806,916.00

3,300,000.00

DISCOUNTS

:

 

64,358.00

FINANCIAL LEASING

:

 

2,317,358.00

CREDIT CARDS

:

5,054.00

1,082.00

OTHER INDIRECT CONTINGENT DEBTS

:

26,183.00

1,937,866.00

OTHER CHARGES

:

5,686.00

20,995.00

 

 

--------------------------------------------

--------------------------------------------

TOTAL DEBT

:

7,843,839.00

7,641,659.00

 

 

=========================

=========================

CREDIT CONTINGENCIES

:

26,183.00

1,937,866.00

 

 

Comments :

The SBS has rated the Company 100% NORMAL since 31/12/2009. It banks with: BANCO INTERAMERICANO DE FINANZAS - BANBIF SCOTIABANK PERU SAA BANCO DE CREDITO DEL PERU - BCP BBVA BANCO CONTINENTAL HSBC BANK PERU

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.92

UK Pound

1

Rs.101.98

Euro

1

Rs.83.93

 

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%)

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.