MIRA INFORM REPORT

Report Date :

08.10.2014

IDENTIFICATION DETAILS

Name :	NEGOCIOS Y MULTISERVICIOS INTERNACIONALES S.A.C.
Registered Office :	Leonardo Barbieri 870 (Altura Mercado 2 de Surquillo), Surquillo, Lima, 34
Country :	Peru
Financials (as on) :	31.12.2013
Date of Incorporation :	31.01.2009
Legal Form :	Closely-held Corporation
Line of Business :	Sale of scrap metal
No of Employees :	7

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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 topography - 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. Peru is the world's second largest producer of silver and third largest producer of copper. The Peruvian economy has been growing by an average of 5.6% for the past five years with a stable exchange rate and low inflation, which in 2013 was just below the upper limit of the Central Bank target range of 1 to 3%. For the last three years, this growth was due partly to high international prices for Peru's metals and minerals exports, which account for almost 60% of the country's total exports. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs makes the economy vulnerable to fluctuations in world prices. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 28 percentage points since 2002, but inequality persists and continues to pose a challenge for the Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. 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 EU, the European Free Trade Association, Chile, Thailand, Costa Rica, Panama, Venezuela, concluded negotiations with Guatemala, and begun trade talks with Honduras and El Salvador, Turkey and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that rivals Mercosur. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the United States has doubled. 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	NEGOCIOS Y MULTISERVICIOS INTERNACIONALES S.A.C.
TAXPAYER REGISTRATION	RUC 20520963163
MAIN ADDRESS	Leonardo Barbieri 870 (Altura Mercado 2 de Surquillo), Surquillo
POSTAL CODE	Lima, 34
DEPT/PROV/REGION/STATE	Lima / Lima
COUNTRY	PERU
TELEPHONE	(511) 4212742 - 5238353
CORPORATE E-MAIL	maquicons.peru@gmail.com
COMMENTS
Cell Phone: 981116291

EXECUTIVE SUMMARY
Date of foundation	2009
Capital stock	US$60,000.= Dollars
Shareholders' equity	190,786.00 Nuevos Soles (31DEC2013)
Annual revenues	US$ 123,361.72 Nuevos Soles (31DEC2013)
Profits (loss) Net	22,282.00 Nuevos Soles (31DEC2013)
permanent employees	7
Chief Executive	GONZALES PRADO, JORGE JEISSON
Disposition	Excellent. Full information and Financial Statements.
Financial Situation	SATISFACTORY
Payments policy	Delays but within sector norms
Company Size	MICRO COMPANY
Number of times that this company was required: 1

LEGAL STRUCTURE
LEGAL STATUS	Closely-held Corporation
DATE OF INCORPORATION	31JAN2009	STARTING DATE	11/02/2009
PLACE OF REGISTRY	Lima
NOTARY OFFICE	Beatriz Ofelia Zevallos	DURATION	Indefinite.
REGISTRATION	Certificate of Registration 12268109
INITIAL CAPITAL	S/.3,000.= Nuevos Soles
CURRENT PAID-IN CAPITAL	US$60,000.= Dollars
SHAREHOLDERS EQUITY	190,786.00 Nuevos Soles (31DEC2013)
CURRENT EXCHANGE RATE (US$)	S/.2.88 per USA Dollar

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
GONZALES PRADO, JORGE JEISSON	General Manager	50%
LA TORRE ZELAYA, NOEMI JACQUELINE	Administrative Manager	50%

WHO IS WHO?

GONZALES PRADO, JORGE JEISSON

TITLE

General Manager

NATIONALITY

Peruvian

D.O.B.

16SEP1979

ID

DNI 40388984

CIVIL STATUS

Single

BACKGROUND INFORMATION

Executive in transportation and marketing of scrap metal for export.

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
CONSTRUCTORA E INMOBILIARIA A & G S.A.C		20523601530	PERU

LA TORRE ZELAYA, NOEMI JACQUELINE

TITLE

Administrative Manager

NATIONALITY

Peruvian

D.O.B.

17JUL1972

ID

DNI 09788964

BUSINESS

SIC Classification

0 - ACTIVIDAD NO BIEN IDENTIFICADA (Actividades No bien especificadas y/o mixtas no determinadas.)

Main activity

Sale of scrap metal

OPERATIONS

Import

No

SELLING TerritorY

National Market

EMPLOYEES

7

LOCATION
PREMISES	Rented
AREA	1,500 M2
OTHER PREMISES	Heading address corresponds to the subject's headquarters and registered office. WAREHOUSES: - Los Tulipanes 141, Urb. Las Violetas, Independencia, Lima - Calle Las Amapolas 126 (Av. Tupac Amaru Paradero Farmacia), Independencia, Lima
PREVIOUS ADDRESS
Jr. Junin 870, Surquillo, Lima

Comments

The subject has 2 permanent employees and five temporary employees. 
 
Amount of monthly payroll including temporary staff is S / 8.000. = 
 
Its main clients are:
FUNDICION CALLAO
FUNDICION VENTANILLA

FINANCIAL INFORMATION

Disposition

Excellent. Full information and Financial Statements.

Interviewee(s)

Jorge Gonzalez Prado

Position(s)

General Manager

Information provided

He kindly helped with the delivery of the required data, including main accounts of the General Balance Sheets at 31/12/2013; 31/12/2012 and 31/12/2011 (12 months each ), which we show as data of interest in the corresponding section: 
 
About the protested note and debt rated as LOST by Banco Continental BBVA, Mr. Gonzalez says it's a debt refinanced by leasing a truck.

BALANCE SHEET
Balance sheet date	31DEC2013	31DEC2012	31DEC2011
Type of balance sheet	General	General	General
Period	12 Months	12 Months	12 Months
Currency	Nuevos Soles	Nuevos Soles	Nuevos Soles
Exchange rate per US$	2.56	2.62	2.68
A S S E T S
Cash/bank	86,694.00		3,210.00
Receivables			147,598.00
Inventory	126,012.00	126,012.00	20,226.00
Current Assetsd	212,706.00	126,012.00	171,034.00
Others	163,255.00	211,958.00
Total Assets	375,961.00	337,970.00	171,034.00
L I A B I L I T I E S
Current liabilities	42,343.00	26,634.00	330.00
Long term	142,832.00	142,832.00
TOTAL LIABILITIES	185,175.00	169,466.00	330.00
S H A R E H O L D E R S'  E Q U I T Y
Total shareholders equity	190,786.00	168,504.00	170,704.00
Total Liab. / Sh. equity	375,961.00	337,970.00	171,034.00
Sales	315,806.00	289,232.00	218,414.00
Profit (Loss) Net	22,282.00	8,625.00	27,404.00

RATIO
Liquidity ratio	5.02	Current assets / Current liabilities
Debt-to-equity ratio	450.57 %	(Shareholders' equity / Current liabilities %)
Profitability margin	7.06 %	(Profits / Sales %)
Working capital	170,363.00	(Current assets - Current liabilities)

FINANCIAL SITUATION

SATISFACTORY
According to the latest financial statement submitted and/or the Company general conditions, we estimate its financial situation is SATISFACTORY because :
- Liquidity Ratio is acceptable. The Working Capital has a positive margin. Shareholders' Equity acceptably covers its liabilities. Its Results are moderate.
 

Property of company comments

Refer owning a Volvo car, 1992.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: RECORD S.A.C.	Tel.: 511-6184100	Country: PERU
Goods/Services? : Cooking Utensils
Highest credit? : DC 50,000
Client since? : 2013	Terms? : 30 Days	Performance? : Prompt
Supplier: FACUSA S.A.C.	Tel.: 511-3629391	Country: PERU
Goods/Services? : Cutlery
Highest credit? : DC Not specified
Client since? : 2013	Terms? : 30 Days	Performance? : Prompt

COMMERCIAL DELINQUENCY

Drawer	Document	Protested date	Amount S/.	Amount US$	Payment date
BBVA BANCO CONTINENTAL	Protested Promissory Note	21/06/2013	0.00	14,279.17

THE FOLLOWING INFORMATION IS REPORTED BY RISK INFORMATION CENTER

No reported banking debt.

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 30/08/2014

Bank	Debt Rating (*) See caption	Current Debt
		DOMESTIC CURRENCY	FOREIGN CURRENCY
BBVA CONTINENTAL	PERDIDA	130,858.00
Total		130,858.00

Comments :

No reported banking debt.

LAWSUITS :

 
No civil or criminal proceedings have been brought against this Company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.36
UK Pound	1	Rs.98.71
Euro	1	Rs.77.47

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SMN

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.