MIRA INFORM REPORT

Report No. :	315671
Report Date :	04.04.2015

IDENTIFICATION DETAILS

Name :	3 L TEXTILES S.A.
Registered Office :	Prolongacion Huanuco No 1830 Int 201 Km Mz Lima, Lima 13
Country :	Peru
Date of Incorporation :	03.08.1998
Legal Form :	Sociedad Anónima
Line of Business :	Manufacture of Textile Industry.
No. of Employees :	10

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 :	Slow but correct
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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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

Company Name and address
Legal Name:	3 L TEXTILES S.A.
Trade Name:	3 L TEXTILES
RUC:	20415216514
Date Created:	1998
Date Incorporated:	03/09/1998
Legal Address:	Prolongacion Huanuco No 1830 Int 201 Km Mz Lima, Lima 13 Perú
Operative Address:	Prolongacion Huanuco No 1830 Int 201 Km Mz Lima, Lima 13 Perú
Telephone:	NA
Fax:	NA
Legal Form:	Sociedad Anónima
Email:	NA
Registered in:	Perú
Website:	No website
Contact:	Luis Alberto Luque Laines
Staff:	10
Activity:	Textile Manufacture Industry
BANKS
Banco Central del Perú
The company does not make its banking data public
HISTORY
	The company was founded in 1998
	Old Legal Addresses: GALERIA SANTA LUISA ---- PROLOG SAN CRISTOBAL 1516 Int 204 LIMA -LIMA -LA VICTORIA 25/08/2004 PROLG. SAN CRISTOBAL 1516 Int 214 LIMA -LIMA -LA VICTORIA 07/11/2002 C.C. LAS MALVINAS ---- PROLOG GAMARRA 661 Int 10A LIMA -LIMA -LA VICTORIA 09/11/2000
PRINCIPAL ACTIVITY
	The company is dedicated to the import and manufacture of textile items.
Products/Services description:	Wood coloured Items
Brands:	SPUN YARN
Sales are:	Wholesale
Clients:	Textile Industry
Suppliers:	PT. IFB INDONESIA Indonesia JINSHENG IMP. & EXP. CO.,LTD cHINA
Operations area:	National and International
The company imports from	Indonesia
The company exports to	Ecuador
The subject employs	10 employees (the company had 8 employees in 2014)
Payments:	Regular
LOCATION
Headquarters :	Prolongacion Huanuco No 1830 Int 201 Km Mz Lima, Lima 13 Perú
Branches:	The company does not have branches
Industry:	Companies in this industry operate mills that produce textiles and textile products from natural and synthetic materials. Demand is driven by the domestic apparel industry and consumer demand for home furnishings like carpets, furniture, and curtains. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in production for high-volume items. Small companies can compete successfully by producing specialized textiles. Major products are yarns and threads, fabrics, carpets, and curtains. The industry produces yarns and threads out of natural (wool and cotton) and synthetic (plastics) materials. Yarns and thread are used to produce fabrics that are woven or knit, finish fabrics by dyeing or coating them, and make fabrics into simple finished consumer products like rugs, carpets, curtains, linens, and textile bags. Carpets and rugs account for 17 percent of US industry revenue; nonwoven fabrics, 15 percent; broadwoven fabrics, 8 percent; and yarn products, 8 percent.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. Luis Alberto Luque Laines is the major holder.
Management:	Luis Alberto Luque Laines, President
Related Companies:	No subsidiary companies
FINANCIAL INFORMATION
This is a private company which does not make its financial statements public.
Despite our long search, we could not confirm financial figures for the subject.
LEGAL FILINGS
There are no legal connected to the subject
SUMMARY
3 L Textiles S.A. is a Private company in coated fabrics factories founded in 1998. The company mainly imports from China and exports to Ecuador. It has a small sized structure and has increased staff number in the last year. It is active in business with no legal negative. It has a low commercial profile, with no website and no commercial advertising.
RISK INFORMATION
DEBTS	Controlled-No legal debts
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	NA
COMMENTS	No telephone number was connected to the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

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%)

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