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Report No. : |
318874 |
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Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMITEX S. A. |
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|
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Registered Office : |
Prolongacion Av Iquitos 2625 Lima, Lima 14, Perú |
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Country : |
Peru |
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Date of Incorporation : |
03.06.1997 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
Manufacture of Clothes Industry. |
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No. of Employees : |
684 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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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 – 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: |
SAMITEX
S. A. |
|
Trade
Name: |
SAMITEX |
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RUC: |
20348511824 |
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Date
Created: |
1997 |
|
Date
Incorporated: |
03/06/1997 |
|
Legal
Address: |
Prolongacion
Av Iquitos 2625 |
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Operative
Address: |
Prolongacion
Av Iquitos 2625 |
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Telephone:
|
(511)
213 1300 |
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Fax: |
(511)
213 1397 |
|
Legal
Form: |
Sociedad
Anónima |
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Email: |
|
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Registered
in: |
Peru
|
|
Website:
|
|
|
Contact: |
Andres
Hecht |
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Staff:
|
684 |
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Activity: |
Clothes
Manufacture Industry |
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BANKS
|
|
|
Banco
Central de Perú The
Company does not make its banking data public |
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HISTORY
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SAMITEX
S.A. was founded on June 4th, 1997 by Alberto Ackerman. This was the
beginning of a company which became one of the leaders in the Peruvian Manufacturing
Industry; with regards to the production of men’s wear containing the John
Holden trademark. |
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PRINCIPAL ACTIVITY
|
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The
main product line’s focus emphasizes on the fabrication of shirts, trousers,
blazers, and suits. |
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Products/Services
description: |
Shirts |
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Brands: |
John
Holden, Giacomo Brizzi, and Pacific Company |
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Sales
are: |
Wholesale |
|
Clients: |
IKE
BEHAR GROUP LLC |
|
|
Banco
de la Nación. |
|
Suppliers:
|
MARELLI
BERTA SAS DI EXTERNA HOLD |
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Operations
area: |
National
and International |
|
The
company imports from |
Colombia,
Italy, Ecuador and China |
|
The
company exports to |
Samitex
has established a plant only to manufacture products for the international
market. United States, Canada,
England, Puerto Rico, Ecuador, and Spain |
|
The
subject employs |
684
employees |
|
Payments:
|
Regular |
|
|
|
|
|
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LOCATION
|
|
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Headquarters
: |
Prolongacion
Av Iquitos 2625 |
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Branches:
|
AV.
EL SOL NRO. 1191 URB. LA CAMPIñA (N 1197) LIMA LIMA CHORRILLOS |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
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Listed
at the stock exchange: |
NO |
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Capital:
|
NA |
|
Shareholders
%: |
This
is a private company. Major holder is the Ackerman family. |
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Management:
|
General
Manager: |
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Related
Companies: |
No
subsidiaries |
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|
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FINANCIAL INFORMATION
|
|
|
The
company does not public its financial figures. The
provided data is estimated: |
|
|
|
|
|
USD
2013 |
|
|
Sales |
30
000 000 |
|
Cash |
Good |
|
|
|
|
Exports
USD |
|
|
2014 |
3.290 |
|
2013 |
27.540 |
|
2012 |
879.517 |
|
2011 |
866.669 |
|
|
|
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Exports
USD |
|
|
2015 |
406.496 |
|
2014 |
4.078.406 |
|
2013 |
5.670.116 |
|
2012 |
4.728.539 |
|
2011 |
1.827.935 |
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|
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LEGAL FILINGS
|
|
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There
are no legal connected to the subject |
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SUMMARY
|
|
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Samitex is a company
with more than 20 years of experience in the textile industry. Company has
earned recognition by placement of its trademarks (John Holden, Giacomo
Brizzi and Pacific Company) The company has
been founded and is managed by the
Ackerman family. It has a large sized structure with a plant dedicated
only for the international market. Its sales are
high and shows no negative. |
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RISK INFORMATION
|
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DEBTS |
Controlled |
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PAYMENTS |
No
Complaints |
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CASH
FLOW |
Medium |
|
STATUS |
Active |
|
|
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ENTERVIEW
|
|
|
NAME |
NA |
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POSITION |
Sales |
|
COMMENTS |
The
person contacted confirmed addresses, managers and staff. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66 |
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 |
|
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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 |
|
|
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 |
-- |
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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.