MIRA INFORM REPORT

 

 

Report No. :

305606

Report Date :

09.02.2015

 

IDENTIFICATION DETAILS

 

Name :

J J FYTSA S A

 

 

Registered Office :

Calle Los Damascos N 455 Of: 207 URB Monterrico La Molina Lima

 

 

Country :

Peru

 

 

Year of Establishment :

1991

 

 

Legal Form :

Public Company

 

 

Line of Business :

Subject is engaged in import and wholesale of food.

 

 

No. of Employee :

5

 

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 :

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)

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

Name :

J J FYTSA S A

Address:

Calle Los Damascos N 455 Of: 207 URB Monterrico La Molina Lima

Legal Name:

J.J. FYTSA S.A.

Trade Name:

J.J. FYTSA  

RUC:

20110578963

Date Created:

1991

Date Incorporated:

21-04-93

Legal Address:

CAL. LOS DAMASCOS NRO. 455 INT. 207 URB. MONTERRICO (CDAS. 9 Y 10 AV. LA MOLINA-AV. CONSTRUCT) LIMA - LIMA - LA MOLINA

Operative Address:

CAL. LOS DAMASCOS NRO. 455 INT. 207 URB. MONTERRICO (CDAS. 9 Y 10 AV. LA MOLINA-AV. CONSTRUCT) LIMA - LIMA - LA MOLINA

Telephone:

511 4364549

Fax:

511 998542211

Legal Form:

Sociedad Anónima

Email:

NA

Registered in:

Peru

Website:

NA

Manager:

FRANCIA CHINCHAY JESUS ELIAS

Staff:

5

Activity:

Food Wholesale

 

BANKS

 

 

Banco de Credito de Peru

 

The company does not make its banking data public

 

 

HISTORY

 

 The company started business in 1991

 

PRINCIPAL ACTIVITY

The company is dedicated to the import and wholesale of food.

 

Products/Services description:

Food

Brands:

NA

Sales are:

Wholesale

Clients:

Distributors

Suppliers:

PRODUCTORA DE GELATINA S.A

Colombia

 

Pb Leiner Argentina S.A.

Argentina

Operations area:

National

The company imports from

Argentina, Colombia

The company exports to

No exports

The subject employs

5 employees

Payments:

Regular

 

 

LOCATION

 

Headquarters :

CAL. LOS DAMASCOS NRO. 455 INT. 207 URB. MONTERRICO (CDAS. 9 Y 10 AV. LA MOLINA-AV. CONSTRUCT) LIMA - LIMA - LA MOLINA

Branches:

The company does not have branches

Industry:

Companies in this industry distribute food and related products on a wholesale basis. 

 

Demand is driven largely by demographic shifts, particularly trends in population and age, working women, race and ethnicity, household size, and levels of disposable income. The profitability of individual companies depends on a good product mix and efficient operations. Large distributors are advantaged by bulk purchasing and economies of scale in distribution. Smaller companies can compete effectively by specializing in certain products or focusing on a geographical area.

 

Major products are frozen, processed, and prepared foods; dairy items; poultry, fish, and meat; fresh produce; and baked goods.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO  

Capital:

NA

Shareholders %:

This is a private company. The owner is Jesus Elias FRANCIA CHINCHAY.

Management:

Jesus Elias FRANCIA CHINCHAY, President

Related Companies

No subsidiary companies

 

 

 

 

FINANCIAL INFORMATION

 

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

 

 

2013

 

Revenue

2 800 00

Net Income

200 000

Liabilities

0,00

 

 

Imports FOB DOLLAR

 

2014

480 386

2013

954 034

2012

1 174 421

2011

790 197

 

 

LEGAL FILINGS

 

 

 There are no legal connected to the subject.

 

 

SUMMARY

 

 

This is a food wholesaler locatd in Peru.

The company has a small sized structure with 24 years of experience in business.

It has no tax ommissions, it is managed by its owner and shows no negative.

 

 

RISK INFORMATION

 

 

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

Active

 

 

ENTERVIEW

 

NAME

Jesus Elias FRANCIA CHINCHAY

POSITION

Owner

COMMENTS

He confirmed address, activity, imports.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 61.73

UK Pound

1

Rs. 94.65

Euro

1

Rs. 70.79

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.