MIRA INFORM REPORT

 

 

Report Date :

27.01.2014

 

IDENTIFICATION DETAILS

 

Name :

ABBA S.A.C.

 

 

Registered Office :

Enrique Villanueva 115, Urb. Juan Pablo de Monterrico, Surco, Lima, 33, Lima

 

 

Country :

Peru

 

 

Date of Incorporation :

16.06.1981

 

 

Legal Form :

Closely-held Corporation

 

 

Line of Business :

Subject is engaged in the Import, Trading and Distribution of Pharmaceuticals.

 

 

No. of Employees :

17

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

ABBA S.A.C.

TRADE NAME

ABBA

TAXPAYER REGISTRATION

RUC 20172899260

MAIN ADDRESS

Enrique Villanueva 115, Urb. Juan Pablo de Monterrico, Surco

POSTAL CODE

Lima, 33

DEPT/PROV/REGION/STATE

Lima / Lima

COUNTRY

PERU

TELEPHONE

(511) 6393405

CORPORATE E-MAIL

contabilidad.abba@abba.com.pe

COMMENTS

 

The legally registered company name is indicated in the heading of identification.

 

The order came without a phone.

NOTE

 

The address on your order is a previous address, the current address is as indicated in our report.

 

 

EXECUTIVE SUMMARY

 

Date of foundation

1981

Capital stock

S/.3,000,000.= Nuevos Soles

permanent employees

17

Chief Executive

PORTUGAL SIGNORI, RAUL EDUARDO

Disposition

Poor. Very few information was given. Politely.

Payments policy

Usually to terms / good

Number of times that this company was required: 4

 

 

LEGAL STRUCTURE

 

LEGAL STATUS

Closely-held Corporation

 

 

DATE OF INCORPORATION

16JUN1981

STARTING DATE

17/06/1981

PLACE OF REGISTRY

City of Lima

 

 

NOTARY OFFICE

Gastón Barboza Besada

DURATION

Indefinite

REGISTRATION

Card 38354 of R.P.C.

 

 

INITIAL CAPITAL

S/.600,000.= Nuevos Soles

 

 

CURRENT PAID-IN CAPITAL

S/.3,000,000.= Nuevos Soles

LAST CAPITAL INCREASE

January 2004 (last known)

CURRENT EXCHANGE RATE (US$)

S/.2.80= per US$1 Dollar

 

 

COMMENTS

 

The Subject is affiliated to ebook programs: PLC since 01/01/2013.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

PORTUGAL SIGNORI, RAUL EDUARDO

President

60.00%

06/12/1995

PORTUGAL DESMARCHELIER, LORENA

Manager Director

20.80%

06/12/1995

PORTUGAL DESMARCHELIER, ANDREA

Director

19.20%

 

ESPINOZA CONDOR, ALBERTO MARTIN

General Accountant

 

 

 

 

WHO IS WHO?

 

PORTUGAL SIGNORI, RAUL EDUARDO

TITLE

President

NATIONALITY

Peruvian

D.O.B.

18FEB1944

ID

DNI 09179043

CIVIL STATUS

Married to Frances de Portugal

DOMICILE

Gondomar 158-170, Urb. La Estancia, La Molina, Lima ,Lima

TELEPHONE

4359767 - 4791128

PROFESSION

Pharmaceutical Chemist

TAX ID

10091790438

FATHER'S NAME

Raul Portugal Valdivia (deceased)

BACKGROUND INFORMATION

His Tax ID No. (RUC) 10091790438 has been CANCELLED since 06.09.1998.

 

Social Health Insurance:

Insured Type: Holder

Type of Insurance: Regular

Self-Generated: 4402181PTSNR009.

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

PROVEEDORES HOSPITALARIOS S.A.

Shareholder

20100157153

PERU

LABORATORIOS DANIEL A. CARRION S.A.C.

Executive President

20100284937

PERU

PUBLIMEDIC S.A.C.

Executive President

20101144462

PERU

LOANDRE S.A.

General Manager

20101645160

PERU

REFASA S.A.C.

Executive President/Rep.

20100151970

PERU

 

 

PARTICIPATED IN

COMPANY

TITLE

COUNTRY

YEAR / REF

HERPOR REPRESENTACIONES SRL (BAJA DEFINITIVA)

Manager

 

1998

 

 

PORTUGAL DESMARCHELIER, LORENA

TITLE

Manager Director

NATIONALITY

Peruvian

D.O.B.

08OCT1974

ID

DNI 10315046

DOMICILE

Enrique Villanueva Lote 7, Urb.Juan Pablo de Monterrico, Surco, Lima

TAX ID

10103150464

BACKGROUND INFORMATION

His Tax ID is still in force, was issued on 12/07/2011 to dedicate as natural person without business to the activities under the commercial name of PRO FILM PERU.

 

Social Health Insurance:

Insured Type: Holder

Type of Insurance: Regular

Self-Generated: 7410080PTDML003.

 

 

PORTUGAL DESMARCHELIER, ANDREA

 

TITLE

Director

NATIONALITY

Peruvian

D.O.B.

08OCT1974

ID

DNI 10315046

DOMICILE

Gondmar 170, Urb La Estancia, La Molina, Lima

PROFESSION

Economist

TAX ID

10106136209

BACKGROUND INFORMATION

His Tax ID is still in force, was issued on 28/03/2011 to dedicate as natural person without business to the consulting activities.

 

Social Health Insurance:

Insured Type: Holder

Type of Insurance: Regular

Self-Generated: 7803100PTDMA006.

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

LABORATORIOS DANIEL A. CARRION S.A.C.

 

20100284937

PERU

 

 

 

 

ESPINOZA CONDOR, ALBERTO MARTIN

TITLE

General Accountant

NATIONALITY

Peruvian

D.O.B.

02MAY1971

ID

DNI 08879633

DOMICILE

Inca 226 (Alt. cuadra 52 Rep. Panamá) Surquillo, Lima

PROFESSION

Business Manager

TAX ID

10088796336

BACKGROUND INFORMATION

His Tax ID is still in force, was issued on 05/10/2005 to dedicate as natural person without business to the consulting activities.

 

Social Health Insurance:

Insured Type: Holder

Type of Insurance: Regular

Self-Generated: 7105021EICDA009.

 

 

BUSINESS

 

SIC Classification

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

Main activity

Business activities are in relation to the import, trading and distribution of pharmaceuticals.

For that purpose, it has three divisions: Human Group, Veterinary Group and Food Group.

O P E R A T I O N S

Import

Yes

Country

Belgium, China, Italy.

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2013

400,427.00

2012

221,065.00

2011

271,743.00

Export

Yes

COUNTRY

China

Annual exports in US$ (FOB)

YEAR

AMOUNT

2013

18,800.00

% CASH SALES / METHOD

60%

% Credit SALES / Terms

40% (Terms: 30 days)

% DOMESTIC PURCHASES

60%

% FOREIGN PURCHASES

40%

SELLING TerritorY

Domestic and foreign market

EMPLOYEES

17

LOCATION

PREMISES

Own Settled

AREA

80 M2

OTHER PREMISES

The address for the category corresponding to the Fiscal Office, Administrative and Management. Own premises, 3 floors, with a land area of 80 m2, modern construction. Occupy this place since January 2013.

 

It deposit in Calle Mz. A Lt. 11, A. H. Section 3 and 4 (Las Prad. de Lurín, Panam. Sur, salida 35A), Lurín.

PREVIOUS ADDRESS

Av. Bolivia 1161, Breńa / Lima, 5

Comments

 

According SUNAT, the number of dependent workers is 17 to November 2013. Besides potential hires 420.

 

 

 

FINANCIAL INFORMATION

 

Disposition

Poor. Very few information was given. Politely.

Interviewee(s)

Alberto Espinoza Condor

Position(s)

General Accountant

Information provided

The General Accountant confirmed general data, denying delivery of figures for not having the authorization of the Management.

 

At the same time, we go to various indirect means to supplement information, making it impossible to get balances and / or reference numbers for these means.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

FAIR

Despite not having available financial statements, we could know that their suppliers are expressed in good terms about its current payment behavior.

Property of company comments

 

It is referred owner of the premises located at Calle Enrique Villanueva 105, Juan Pablo de Monterrico, Surco - Lima, where operate the administrative and management offices ..

Main fixed assets of the company (general detail)

 

We did not have access to this information.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

TRADE REFERENCES

Supplier: REFASA S.A.C.

Tel.: (511) 6103100

Country: PERU

Goods/Services? : Manufacture of Medicines

 

 

Highest credit? : DC 25,000

 

 

Client since? : 1991

Terms? : 15-30 days

Performance? : Prompt

Comments : Good client

Supplier: QUELOPANA & CABALLERO S.A.C.

Tel.: ((511) 4570367

Country: PERU

Goods/Services? : Customs service

 

 

Highest credit? : US$ 15,000

 

 

Client since? : 2004

Terms? : 30 days

Performance? : Prompt

Comments : No recordsofprotests, has never delayed, is one of best clients

 

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

 

Supplier

Country

CHR HANSEM

PERU

DAICHI PHARMACEUTICAL CO.

JAPAN

HELVET PHARMA

ITALY

TRIFARMA

ITALY

 

 

 

RISK INFORMATION CENTER  

 

COMMERCIAL DELINQUENCY

 

Drawer

Document

Protested date

Amount S/.

Amount US$

Payment date

BANCO CONTINENTAL / QUELOPANA & CABALLERO S.A.C.

DRAFT

09/10/2013

8,764.39

0.00

 

 


CREDIT BUREAU COMMENTS


It should be noted that while it fails to perform due to the Chamber of Commerce, a document may still appear as clear even it has been canceled. IMPORTANT NOTE: When consulting QUELOPANA & CABALLERO says it has never delayed nor has protested, is timely.

 

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

CONTINENTAL

NORMAL

343,920.00

137,471.00

Total

343,920.00

137,471.00

Guarantees

 

77,206.00

 

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 2                           30/06/2013

 

 

 

Domestic Currency

Foreign Currency

DISCOUNTS

:

25,109.00

 

FINANCIAL LEASING

:

78,612.00

 

CREDIT CARDS

:

1,636.00

 

ACCRUED

:

230.00

 

 

 

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

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

TOTAL DEBT

:

105,587.00

 

 

 

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

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

 

 

Comments :


The SBS gives rating 100% NORMAL since 31/12/2010. BBVA BANCO CONTINENTAL Work with the said bank that does not provide reference about customers out of respect to bank secrecy. However, through indirect means we know that normally comes canceling their bank obligations (credit cards, savings, leasing).

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.18

UK Pound

1

Rs.103.38

Euro

1

Rs.85.09

 

 

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.