MIRA INFORM REPORT

 

 

Report No. :

306148

Report Date :

09.02.2015

 

 

IDENTIFICATION DETAILS

 

Name :

CROP BUSINESS S.A.C.

 

 

Registered Office :

Calle Toledo Nro. 161 Dpto. 201 Urb. Mayorazgo Iv Etapa En Lima

 

 

Country :

Peru

 

 

Date of Incorporation :

26.09.2013

 

 

Legal Form :

Sociedad Anonima Cerrada

 

 

Line of Business :

Engaged in importation and distribution of Chemical Products for Agricultural Use, and Fertilizer Industry.

 

 

No of Employees :

14 employees

 

 

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 :

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 – 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 SUMMARY

 

Legal Name:

CROP BUSINESS S.A.C.

Trade Name:

CROP BUSINESS  

RUC:

20554708049   

Date Created:

2013   

Date Incorporated:

26/09/2013

Legal Address:

CALLE TOLEDO NRO. 161 DPTO. 201 URB. MAYORAZGO IV ETAPA en LIMA / LIMA , PERU

Operative Address:

CALLE TOLEDO NRO. 161 DPTO. 201 URB. MAYORAZGO IV ETAPA en LIMA / LIMA , PERU

Telephone:

NA

Fax:

NA

Legal Form:

SOCIEDAD ANONIMA CERRADA

Email:

NA

Registry Office:

Peru

Website:

NA

Manager:

Gonzales Carrillo Evelin Elizabeth

Staff:

14

Activity:

Engaged in importation and distribution of Chemical Products for Agricultural Use, and Fertilizer Industry.

BANKS

 

Name

BANAMEX

 

This information was not disclosed by the company.

HISTORY

 

 

The company started business in 2013

PRINCIPAL ACTIVITY

 

 

Engaged in importation and distribution of Chemical Products for Agricultural Use, and Fertilizer Industry.

Products/Services description:

Chemical Products& Fertilizers

Brands:

NA

Sales are:

Wholesale

Clients:

Famrs mainly

Suppliers:

ZHEJIANG CHEMICALS IMPORT AND EXPORTCORPORATION China

Operations Area:

National

The company imports from

China

The company exports to

No exports

The company exmploys

14 employees

Payments:

Unknown

 

 

LOCATION

 

Headquarters :

CALLE TOLEDO NRO. 161 DPTO. 201 URB. MAYORAZGO IV ETAPA en LIMA / LIMA , PERU

Branches:

WAREHOUSE: CAL. PEQUEÑOS AVICULTORES MZA. Q-3 LOTE. 4 LIMA LIMA PUENTE PIEDRA

Business Overview:

Companies in this industry manufacture fertilizers and pesticides.  Demand for agricultural chemicals depends mainly on demand for various crops, which in turn depends on crop prices. The profitability of individual companies is linked to efficient operations and marketing. Big producers have large economies of scale in production. Smaller companies can compete effectively by making specialty chemicals or fertilizer mixtures for local markets.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders

This is a private company. We could not confirm major holders.

Management:

Gonzales Carrillo Evelin Elizabeth, President
Luis Gabriel Gonzales Bustamante, General Manager

Related Companies:

No subsidiary companies

 

 

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financials public.

 

There are no financial figures for the subject due to its short experience in the market.

 

 

LEGAL FILINGS

 

 

There are no legal/criminal filings found

FINAL REVIEW

 

 

The company is engaged in the importation and distribution of chemical products for agricultural use, and fertilizer industry.

It has only 1 years of experience in the market.

The company has a low commercial profile, and mainly imports from China.

It is active in business without negative record.

We suggest working with low credit line and monitoring its progress.

 

RISK INFORMATION

 

Indebtedness

Controlled

Payments

Unknown

Cash

Unkwnown

 

 

CALL

 

Interviewee

Luis

Position

Sales

Comments

He confirmed president and activity. He refused to provide more information on the company.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.74

UK Pound

1

Rs.94.65

Euro

1

Rs.70.79

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MNL

 

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.