MIRA INFORM REPORT

Report No. :	354837
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	PENIPEL SA
Registered Office :	25 De Mayo 444 Oficina 502 Montevideo
Country :	Uruguay
Date of Incorporation :	19.12.2014
Legal Form :	Sociedad Anónima
Line of Business :	Wholesale Industry
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New business
Payment Behaviour :	Unknown
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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Uruguay	A2	A2

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

STATUTORY INFORMATION
Legal Name:	PENIPEL SA
Trade Name:	PENIPEL
ID:	NA
Date Created:	2014
Date Incorporated:	19/12/2014
Legal Address:	25 DE MAYO 444 OFICINA 502 MONTEVIDEO URUGUAY
Operative Address:	25 DE MAYO 444 OFICINA 502 MONTEVIDEO URUGUAY
Telephone:	NA
Fax:	NA
Legal Form:	SOCIEDAD ANÓNIMA
Email:	NA
Registered in:	Uruguay
Website:	No website
Contact:	NA
Staff:	Not Available
Activity:	Wholesale Industry
BANKS
BANCO CENTRAL DE URUGUAY
The company does not make its banking data public
History
The company was founded in 2014
PRINCIPAL ACTIVITY
The company is registered in Uruguay. However, it is not listed with the yellow pages, nor any credit bureaus. It is highly probable that it uses this legal address to operate within the country. However, it would have foregin shareholders.
Products/Services description:	Industrialize, market: goods, leases of goods, works, services,
	of: food, home, office, automotive, bar, bazaar, rubber, construction, cosmetics, leather, publishing, electronics, electrical engineering, education, entertainment, hardware,
	photography, fibers, fruits of the country, hotel, press, computers, jewelry, toys, wool, laundry, library, cleaning, wood,
	machines, mechanics, metallurgy, music, engineering, optics, paper, perfumery, fishing, plastic, advertising, chemical, services professional, technical, administrative, snuff, textiles, tourism, securities, clothing, veterinary, glass. imports, exports, representations, commissions, and appropriations. Sale, lease, administration, construction, operations with real estate, except rural.
Brands:	NA
Sales are:	Wholesale
Clients:	NA
Suppliers:	NA
Operations area:	NA
The company imports from	NA
The company exports to	NA
The subject employs	NA
Payments:	Unknown
LOCATION
Headquarters :	25 DE MAYO 444 OFICINA 502 MONTEVIDEO URUGUAY
Branches:	NA
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	UY$ 580.000,00
Shareholders:	This is a private company which does not public its shareholders
Management:	NA
FINANCIAL INFORMATION
This is a private company which does not make its financials public.
	There are no financial for the subject
LEGAL FILINGS
There are no legal issues regaridng the subject
SUMMARY
The company is registered in Uruguay. However, it is not listed with the yellow pages, nor any credit bureaus.
It is highly probable that it uses this legal address to operate within the country. However, it would have foregin shareholders.
RISK INFORMATION
DEBTS	NA
PAYMENTS	NA
CASH FLOW	Unknown
STATUS	Active
INTERVIEW
NAME	NA
POSITION	NA
COMMENTS	Please, provide us with a telephone number to persue investigation.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14
UYU	1	Rs. 2.23

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	ASH

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.