MIRA INFORM REPORT

Report No. :	316297
Report Date :	10.04.2015

IDENTIFICATION DETAILS

Name :	GOMAS Y TANINOS S.A.C.
Registered Office :	Calle Los Copihuas Mz K Lt 4, Urb. La Ensenada Puente Piedra Lima 22
Country :	Perú
Date of Incorporation :	02.02.2006
Legal Form :	Sociedad Anónima Comercial
Line of Business :	Wholesaler of Vegetable
No. of Employee :	17

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
Perú	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

PERÚ 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:	GOMAS Y TANINOS S.A.C.
Trade Name:	GUM TANNIN
RUC:	20512467301
Date Created:	1960
Date Incorporated:	02/02/2006
Legal Address:	Calle Los Copihuas Mz K Lt 4, Urb. La Ensenada Puente Piedra Lima 22 Perú
Operative Address:	Calle Los Copihuas Mz K Lt 4, Urb. La Ensenada Puente Piedra Lima 22 Perú
Telephone:	51 1 525-9385
Fax:	51 1 525-9199
Legal Form:	Sociedad Anónima Comercial
Email:	info@gomasytaninos.com
Registered in:	Peru
Website:	www.gomasytaninos.com
Contact:	Adolfo W. Garcia Ayala, President
Staff:	17
Activity:	Vegetable Wholesale
BANKS	Banco Central del Perú
	The company does not make its banking data public
HISTORY
	Its history goes back to the years 1960, Huamanga, Ayacucho, as a family business, family tradition was increasing and diversifying business lines, from traders to exporters, producers of various agro-industrial products.
PRINCIPAL ACTIVITY
	The company is dedicated purely to the industrialization of the derivatives of Tara. The tare is a plant native to Peru, is a leguminous tree that produces a fruit called "Tara pods" of which after processing can extract as much tannin as the rubber plant.
Products/Services description:	TARA POWDER TARA GUM TARA GERM OTHER PRODUCTS FOOD INGREDIENT AGROCHEMICALS RETENONE POWDER RETENONE EXTRACT
Brands:	Gomas y Taninos
Sales are:	Wholesale
Clients:	CHIMONT INTERNATIONAL SPA Italy TECNOCHIMICA SERVICE SRL Italy OBSIDIAN CIA LTDA Ecuador
Suppliers:	Local Farmers
Operations area:	National and International
The company imports from	No imports
The company exports to	Japan, China, Korea, Spain, Italy, Switzerland, France, Brazil, Pakistan, Turkey, Bangladesh, India, etc.
The subject employs	17 employees
Payments:	Regular
LOCATION
Headquarters :	Calle Los Copihuas Mz K Lt 4, Urb. La Ensenada Puente Piedra Lima 22 Perú
Branches:	The company does not have branches
Industry:	Companies in this industry use freezing, canning, dehydrating, and pickling processes to preserve fruits and vegetables. Demand is driven by food consumption, which depends on population growth. The profitability of individual companies depends on efficient operations, because products are commodities subject to intense price competition. Companies compete largely based on cost and their ability to distribute the finished product. Large companies have advantages in purchasing and distribution. Small companies can compete effectively in local or regional markets. The major processed crops in the US are tomatoes (solid tomato and tomato paste products); potatoes (French fries, potato chips); and oranges (orange juice). Other important processed products include corn; cucumbers (pickles); beans; grapefruit; apples (apple juice, applesauce); grapes (raisins); pineapples; peaches; jams and jellies; baby food; and soup. The two major types of operations are canning and freezing. Canned goods and frozen foods each account for about 45 percent of industry revenue; dried foods account for about 10 percent.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. Major holder is Adolfo W. Garcia Ayala.
Management:	Adolfo W. Garcia Ayala, President Cecilia Garcia Ayala, General Manager Victor Garcia Ayala, Manager
Related Companies:	No subsidiary companies
FINANCIAL INFORMATION
	This is a private company which does not make its financial statements public.
2013 PEN
Revenue	3 020 000
Cash Flow	Normal
LEGAL FILINGS
	There are no legal connected to the subject
SUMMARY
	GOMAS Y TANINOS SAC is Peruvian company manufacturer and exporter of Tara Gum for use in food indutry.
	The company has a small sized structure and more tan 50 years of experience in the market. Its mainly focus i son exports, mainly to Italy. Further, its profitability is positive. There are no negative records connected t the subject.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
SUGGESTED CREDIT LINE	USD 30 000
STATUS	Active
ENTERVIEW
NAME	NA
POSITION	Administrative
COMMENTS	The person contacted confirmed address, she refused to confirm more information on the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.26
UK Pound	1	Rs.92.49
Euro	1	Rs.66.99

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ANK

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.