MIRA INFORM REPORT

 

 

Report Date :

29.10.2014

 

IDENTIFICATION DETAILS

 

Name :

INGENIEROS UNIDOS S.A.C.

 

 

Registered Office :

 Jr. Lloque Yupanqui Nro. 1399 Lima - Lima - Jesus Maria

 

 

Country :

Peru

 

 

Date of Incorporation :

27.01.1993

 

 

Legal Form :

Sociedad Anónima Cerrada

 

 

Line of Business :

Subject is engaged in the merchant wholesale distribution of lumber and plywood products, wood windows and doors, and millwork.

 

 

No of Employees :

6

 

 

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 – 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

 

STATUTORY INFORMATION

Legal Name:

INGENIEROS UNIDOS S.A.C.

Trade Name:

Inunsa

RUC:

20101253750

Date Created:

1959

Date Incorporated:

January 27, 1993

Legal Address:

 Jr. Lloque Yupanqui Nro. 1399 Lima - Lima - Jesus Maria

Operative Address:

 Jr. Lloque Yupanqui Nro. 1399 Lima - Lima - Jesus Maria

Telephone:

(511) 4718990

Fax:

(511) 4706061

Legal Form:

Sociedad Anónima Cerrada

Email:

inunsave@rednextel.com.pe

Registered in:

Peru

Website:

NA

Manager:

Mr. Mario Cavallero

Staff:

6

Activity:

Lumber Wholesalers

SIC Codes:

5031

NAICS Codes:

423310

BANKS

Name of the Bank:

Banco de Credito del Peru

The company does not make its banking information public

 

 

HISTORY

The company started business in 1959.

The company was previously named:

INUNSA INGENIEROS UNIDOS SA 23/12/1998
INUNSA S.A.C. 05/11/2010

 

Previous Addresses:

 

AV. MARIATEGUI 218 LIMA -LIMA -JESUS MARIA

 

AV. ARENALES 1080 Int 603 LIMA -LIMA -PUEBLO LIBRE (MAGDALENA VIEJA)  

 

PRINCIPAL ACTIVITY

 

 

The company is dedicated to the import and distribution of wood items.

Products/Services description:

PARTS
PINE PANELS
WOOD PACKAGING MATERIALS

Trade Names:

INUNSA

Trademarks:

Barton England Quality Inunsa
Lady Shantun
Super Taylor England Quality

Sales are:

Wholesale

Clients:

Lumber Stores

Competitors:

CORPORACION MIYASATO S.A.C.
AXUR S.A.
OMNILIFE PERU S.A.C.

Suppliers:

CMPC MADERAS S.A.AGUSTINAS
Chile

AARVEE DENIMS & EXPORTS LTD.
India

URUPANEL S.A.
Uruguay

Operations area:

National

The company imports from

Chile, India and Uruguay

The company does not export

 

The subject employs

6 employees- The company has 8 employees in 2013-

Payments:

Regular

LOCATION

Headquarters :

 JR. LLOQUE YUPANQUI NRO. 1399 LIMA - LIMA - JESUS MARIA

Branches:

The company does not report branches

Business Overview:

Companies in this industry engage in the merchant wholesale distribution of lumber and plywood products, wood windows and doors, and millwork.

Small companies can compete effectively by focusing on local markets and building strong relationships with customers.

Lumber wholesalers buy truck or railcar loads of lumber and other wood products from sawmills and plywood plants, and resell them to retail lumberyards, home improvement centers, large homebuilders, industrial users, and building products distributors.

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

This is a private company. According to our search, the main sharehollder would be:

Cavallero Roberts Mario Antonio

Management:

Cavallero Roberts Mario Antonio, Manager

Subsidiary Companies:

The company does not report subsidiaries

FINANCIAL INFORMATION

This is a private company. It does not make its financial figures public.  This information has been provided by outside sources and it is estimated.

Currency

USD

Year

2013   

Revenue

2 500 000

Cash Flow

NORMAL

 

IMPORTS - ANNUAL USD

 

2009

576.831

2010

1.207.427

2011

1.405.937

2012

1.745.626

2013

1.247.381

2014

443.869

LEGAL FILINGS

 

There are no legal/criminal found for the subject

SUMMARY

INUNSA S.A.C is a company dedicated to the import and distribution of wood in Peru.

The company has a small sized structure with 6 employees, it has lowered its staff since there were 8 employees working in 2013.

The company mainly imports from Chile and distributes locally.

It is active and registered at the Peruvian registry of Commerce with no debts or legal requirements. It has complied with all official requests.

According to our search, the company imports an estimated of USD 1 million annually.

There are no negative. However, it does not show a pronounced commercial profile.

 

RISK INFORMATION

Status

ACTIVE

Payments

Regular

Cash

Normal

Indebtedness

NA

Call

Interviewee

NA

Position

NA

Comments

We tried to contact the company several times but received no answer.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.35

UK Pound

1

Rs.98.93

Euro

1

Rs.77.92

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

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.