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Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
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Name : |
TEXSORSA S.A.C. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.04.1999 |
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Legal Form : |
Closely-held Corporation |
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Line of Business : |
Manufacture, commercialization and distribution of cotton fabrics. |
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No. of Employees |
56 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Peru |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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CORRECT COMPANY NAME |
TEXSORSA S.A.C. |
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TAXPAYER REGISTRATION |
RUC 20427113656 |
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MAIN ADDRESS |
San Carlos Mza. A, Lote 5, Urb. Santa Martha, Ate |
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POSTAL CODE |
Lima, 3 |
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DEPT/PROV/REGION/STATE |
Lima / Lima |
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COUNTRY |
PERU |
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TELEPHONE |
(511) 3494117 - 3243714 |
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CORPORATE E-MAIL |
admin1@texorsa.net |
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COMMENTS |
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FAX: 3521403 |
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NOTE |
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The address on your order is an uncomplete and incorrect spelling
address, the correct and complete address is as above-mentioned. |
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Date of foundation |
1999 |
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permanent employees |
56 |
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Chief Executive |
MENDOZA ROJAS, VICTOR RONALD |
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Disposition |
FAIR |
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Payments policy |
Delays but within sector norms |
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Number of times that this company was required: 1 |
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LEGAL STATUS |
Closely-held Corporation |
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DATE OF INCORPORATION |
22APR1999 |
STARTING DATE |
04/06/1999 |
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PLACE OF REGISTRY |
Lima |
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NOTARY OFFICE |
Cesar Torres Kruger |
DURATION |
Perpetual |
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REGISTRATION |
Entry 11097560 |
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INITIAL CAPITAL |
S/.14,600.= Nuevos Soles |
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CURRENT EXCHANGE RATE (US$) |
S/.2.80 per USD.1.00 |
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COMMENTS |
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Organized on 22/04/1999 as a Single-Member Limited Liability Company
under the name TEXSORSA E.I.R.L. On 04/10/2004, it changed to the current legal form: TEXSORSA S.A.C. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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MENDOZA ROJAS, VICTOR RONALD |
General Manager |
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31/08/02 |
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ROJAS TITO, HAYDEE |
Shareholder |
100% |
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MENDOZA ROJAS, VICTOR RONALD |
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TITLE |
General Manager |
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NATIONALITY |
Peruvian |
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D.O.B. |
13JUL1983 |
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ID |
DNI 42190782 |
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CIVIL STATUS |
Single |
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DOMICILE |
Los Ingenieros 300 Urb. Santa Raquel, La Molina, Lima / Lima |
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TELEPHONE |
(511) |
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TAX ID |
10421907825 |
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According to the Superintendence of Bank and Insurance - SBS, he was
rated NORMAL. He has a financial debt for the total sum of S/.882,144.= Nuevos
Soles. |
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ASSOCIATED AS PER OUR DATABASE TO |
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ROJAS TITO, HAYDEE |
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TITLE |
Shareholder |
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NATIONALITY |
Peruvian |
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D.O.B. |
11JUL1962 (Puno) |
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ID |
DNI 29212198 |
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CIVIL STATUS |
Single |
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DOMICILE |
Los Rosales 142 Urb. Valdivieso, Ate, Lima / Lima |
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TELEPHONE |
(511) |
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TAX ID |
10292121984 |
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BACKGROUND INFORMATION |
She took part in the companies below (that are currently inactive;
written off the record): - TEXTILES REPRESENTADAS E.I.R.L - 20115124294 (Manager) - PROCESOS TEXTILES Y ACABADOS E.I.R.L - 20256949963 (Manager) - HILADOS EVEREST S.A - 20258860463 - Administrative Director - GLOBEX S.A - 20330210118 - Chairman - COMERCIALIZADORA VIRU S.A.C -
20481941921 General Manager |
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SIC
Classification |
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Main activity |
Manufacture, commercialization and distribution of cotton fabrics. |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
India, Italy, Pakistan |
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ANNUAL Imports In US$ (CIF) |
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Export |
No |
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SELLING TerritorY |
Domestic market - 100% |
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EMPLOYEES |
56 |
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PREMISES |
Rented |
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OTHER PREMISES |
SUNAT (National Tax Authority) reported the following domiciles: BRANCH: Cal. Moquegua 526 Puno San Roman Juliaca AGENCY: Cal. San Camilo 116 int. A Arequipa Arequipa Arequipa AGENCY: Jr. Loreto nro. 486 cercado Junin Huancayo Huancayo AGENCY: Jr. Moquegua nro. 560 int. a puno san roman juliaca AGENCY: Jr. Antonio Bazo nro. 803 (Centro Com.Paraiso De Gamarra) Lima
Lima La Victoria PRODUCTION: Cal. San carlos
mza. A lote. 5 urb. Santa Martha Lima Lima Ate PRODUCTION:Av. Los Rosales nro. 142 urb. Valdiviezo (Alt Cdra 14 Y 15
De Av.Nicolas Ayllon) Lima Lima Ate AGENCY: Jr. San Cristóbal nro. 1421 Int. 101 Lima Lima La Victoria DEPOSIT: Cal. Numero 3 Nro. 136 (Paradero Surge Calle 2 Numero 123)
Lima Lima Ate ADMINISTRATIVE OFFICES: Av. Los ingenieros nro. 300 Urb. Santa Raquel
Lima Lima La Molina |
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PREVIOUS ADDRESS |
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Urb. Valdiviezo Av. Los Rosales 142 Ate, Lima (Baja 19/12/2007). Urb.
Santa Martha Cal. San Carlos A Int. 5 Ate, Lima (Baja 06/12/2007). |
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Disposition |
Declined. Authorized person was unavailable. Postponed. |
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Information provided |
People at the Company have not replied yet to our formal request for
information. We tried to have an interview but results were not favorable.
Administrative employees said executives are outside offices dealing with
business matters. We only could talk to Melina Arroyo, Assistant to Manager, who
confirmed little information and stated that executives were aware of our
request and would answer if they deemed convenient. We got information from third-party sources and official. No balance
sheets could be obtained and only got the Turnover amounts for the FY 2009 -
2013. Moreover, through reliable third-party sources, we knew that PROCESOS TEXTILES Y ACABADOS
E.I.R.L., owned by Haydee Rojas Tito, closed down and left a debt (concerning
local purchases and direct orders) owed to QUIMICA SUIZA S.A. Besides, the Owner was Manager of different companies that later were
written off the. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIR Although no balance sheets were available, found out this is a company
of a large infrastructure. It operates under a stable trend. Even though
trade references revealed payments made on time, in the last period as of
June 2014, credit bureaus reported irregular payments - protests, and debts
owed to a Pension Fund Private Administrator (AFP). |
SALES HISTORY IN US$
(OF BALANCE SHEET, STATEMENT OF THIRD PARTIES)
|
Date |
Sales (US$) |
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31/12/2013 |
27,000,000.00 |
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31/12/2012 |
26,786,000.00 |
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31/12/2011 |
26,802,000.00 |
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31/12/2010 |
26,010,000.00 |
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31/12/2009 |
19,955,000.00 |
(Confidential Information)
TRADE REFERENCES
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Supplier: HILANDERIA DE ALGODON PERUANO S.A. |
Tel.: 4637746 |
Country: PERU |
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Goods/Services? : Cotton yarn |
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Highest credit? : US$ 1,500,000.= |
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Client since? : 1999 |
Terms? : 60, 75,90 |
Performance? : Prompt |
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Supplier: SOCIEDAD QUIMICO MERCANTIL S.A. |
Tel.: 4404547 |
Country: PERU |
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Goods/Services? : Dyeing |
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Highest credit? : Not specified |
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Client since? : 2009 |
Terms? : CASH |
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Comments : Not outstanding debt. They dealt until 2013. |
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Supplier: M.R. PERU S.A. |
Tel.: 6261938 |
Country: PERU |
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Goods/Services? : Compressors, spares |
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Highest credit? : DC 1,000 |
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Client since? : Sv.years |
Terms? : CASH |
Performance? : No experience |
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Comments : Monthly average; no debts; sporadic purchases |
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Note : Other suppliers
did not provide information or could not be consulted
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Supplier |
Country |
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FASTVER S.A.C. |
PERU |
|
KNIT PRINT S.A.C. |
PERU |
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TEXCORP S.A.C. |
PERU |
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PERU TINTEX S.A. |
PERU |
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EUROCHEM PERU S.A.C. |
PERU |
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RODOLFO BUSTAMANTE S.A. AGENCIAS DE ADUANAS |
PERU |
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PALACIOS Y ASOCIADOS AGENTES DE ADUANA S.A. |
PERU |
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COTTON KNIT S.A.C. |
PERU |
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TEJIDOS Y DISEÑOS S.A. |
PERU |
COMMERCIAL DELINQUENCY
|
Drawer |
Document |
Protested date |
Amount S/. |
Amount US$ |
Payment date |
|
FASTVER S.A.C. |
NSF |
13/03/2014 |
0.00 |
274,011.22 |
|
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PERU TINTEX S.A. |
NSF |
08/01/2014 |
0.00 |
19,997.78 |
18/07/2014 |
|
SOCIEDAD QUIMICA MERCANTIL S.A. |
Protested draft |
18/10/2012 |
0.00 |
5,250.53 |
|
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MR PERU S.A. |
NSF |
10/10/2012 |
0.00 |
2,004.60 |
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KNIT PEINT S.A.C. |
NSF |
04/07/2012 |
0.00 |
12,544.73 |
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TEXCORP S.A.C. |
Protested draft |
27/12/2011 |
0.00 |
8,246.49 |
21/02/2012 |
|
HILANDERIA DE ALGODON PERUANO S.A. |
Protested draft |
01/12/2010 |
0.00 |
23,983.77 |
|
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HILANDERIA DE ALGODON PERUANA S.A. |
Protested draft |
23/08/2010 |
0.00 |
35,700.00 |
|
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EUROCHEM PERU S.A. |
Protested draft |
20/08/2010 |
0.00 |
5,147.17 |
|
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AFP INTEGRA S.A. |
|
22/08/2014 |
391.36 |
0.00 |
|
Debt owed to AFP under judicial collection
proceeding.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
UK Pound |
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.