MIRA INFORM REPORT

 

 

Report Date :

02.01.2015

 

IDENTIFICATION DETAILS

 

Name :

APLEX TRADING S.A.C.

 

 

Registered Office :

Cal. Monterrey Nro. 341 Int. 1004 Urb. Chacarilla Del Estanque (Cc Chacarilla) Lima - Lima - Santiago De Surco

 

 

Country :

Peru

 

 

Year of Establishments :

2005

 

 

Legal Form :

Sociedad Anonima Cerrada

 

 

Line of Business :

Engaged in manufacturing Fresh fruit and Vegetable Products

 

Subject product lines are as follows:

·         Pulses & Beans

·         Quinoa

·         Canihua

·         Chia

·         Amaranth

·         Oregano

 

 

No of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 25 000

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 identification information

 

LOCATION FACTS

 

Government

Republic

Currency

100.00 USD = 297.400 PEN

Economic Risk

Low

 

 

STATUTORY INFORMATION

 

Legal Name:

APLEX TRADING S.A.C.

Trade Name:

APLEX TRADING 

RUC:

20538176967   

Date Created:

2005

Date Incorporated:

18/11/2010

Legal Address:

CAL. MONTERREY NRO. 341 INT. 1004 URB. CHACARILLA DEL ESTANQUE (CC CHACARILLA) LIMA - LIMA - SANTIAGO DE SURCO

Operative Address:

CAL. MONTERREY NRO. 341 INT. 1004 URB. CHACARILLA DEL ESTANQUE (CC CHACARILLA) LIMA - LIMA - SANTIAGO DE SURCO

Telephone:

511-372-6543

Fax:

511-372-3973

Legal Form:

SOCIEDAD ANONIMA CERRADA

Email:

aplexperu@aplexperu.com

Registered in:

Peru

Website:

www.aplexperu.com

Manager:

Gonzalo Isasi

Staff:

7

Activity:

Engaged in manufacturing Fresh fruit and Vegetable Products

BANKS

Banco del Peru

 

The company does not make its banking data public

HISTORY

 

 

Aplex Peru was established in 2005

 

 

PRINCIPAL ACTIVITY

APLEX PERU  is a company dedicated to the manufacture of fresh fruit and vegetable products and through their partnership with a local NGO they are working closely with the quinoa farmers in the Puno region to give them the technical support they need in order to grow quinoa organically.

Products/Services description:

·         Pulses & Beans

·         Quinoa

·         Canihua

·         Chia

·         Amaranth

·         Oregano

Brands:

APLEX TRADING

Sales are:

Wholesale

Clients:

TORN & GLASSER INC.
USA

Specialty Commodities Inc.
USA

Suppliers:

Local farmers

Operations area:

National & International

The company imports from

No imports

The company exports to

Worldwide

The subject employs

7 employees

Payments:

No Complaints

LOCATION

 

Headquarters :

CAL. MONTERREY NRO. 341 INT. 1004 URB. CHACARILLA DEL ESTANQUE (CC CHACARILLA) LIMA - LIMA - SANTIAGO DE SURCO

Branches:

The company has facilities at Piura, Arequipa and Puna.

Industry:

Companies in this industry distribute fresh fruits, vegetables, spices, and herbs.

Demand is driven by consumption of fruits and vegetables. Profitability depends on maintaining a high quality and varied selection of produce and on efficient operations. Larger distributors benefit from economies of scale in purchasing and transportation. Smaller companies may compete by specializing in certain products, such as tropical fruits or organic products, or by focusing on a geographical area. 

Distributors' main operations involve getting fruit and vegetables from producers to customers, which include food retailers and foodservice providers. Besides fruit and vegetables, distributors may offer fresh spices and herbs and other products often found in or near grocery store produce departments, including seasonal nuts, salad dressings, tofu, juice, flowers and plants. Distributors may specialize in exotic produce and related products, including Asian specialties such as enoki mushrooms and lotus root and Latin specialties such as corn husks and cactus pads.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

This is a private company. The major holder is:

GONZALO ERNESTO ISASI BARBIS

Management:

Gonzalo Isasi, Owner
Jair Román Flores, Financials

Related Companies:

No subsidiary companies

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financial statements public.  The following information has been provided by outside sources.

2013

USD

Revenue

1 400 000

Cash Flow

Normal

 

 

EXPORTS OF QUINOA EXPRESSED IN USD

 

2011

320.123,51

2012

664.231,00

2013

1.077.285,47

2014

1.357.620,75

 

 

LEGAL FILINGS

 

 

There are no legal/criminal connected to the subject

REVIEW

 

Requested Credit Amount

Maximum

Maximum Credit Provided

USD 25 000

SUMMARY

 

 

Aplex Peru is a fresh vegetables manufacturer exporter in Peru.

The company has 9 years of experience in the market with a small sized structure.

The company's main income is generated through exports to USA and Europe. Its exports have increased significantly in the last years.

There are no negative records.

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

No Complaints 

CASH FLOW

Normal

SUGGESTED CREDIT LINE

USD 25 000

 

 

ENTERVIEW

 

NAME

Jair

POSITION

Financials

COMMENTS

He refused to confirm any kind of data for confidential reasons.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.32

UK Pound

1

Rs.98.64

Euro

1

Rs.76.60

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.