MIRA INFORM REPORT

 

 

Report No. :

301537

Report Date :

06.01.2015

 

IDENTIFICATION DETAILS

 

Name :

GANDULES INC. S.A.C.

 

 

Registered Office :

Av. Del Pinar Nro. 198 Urb. Chacarilla Del Estanque (Tercer Piso) Lima - Lima - Santiago De Surco

 

 

Country :

Peru

 

 

Date of Incorporation :

22.03.2002

 

 

Legal Form :

Sociedad Anonima Cerrada

 

 

Line of Business :

The Subject is engaged in the production, marketing and export of fruit and vegetables.

 

 

No. of Employee :

4488

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

 

STATUTORY INFORMATION      

 

Order:

GANDULES INC SAC

Address in the order:

Antigua Panamericana Norte Km 43.5 (Fundo La Viña Predio Sono S/N) Jayanca, Lambayeque, Peru

Legal Name:

GANDULES INC. S.A.C.

Trade Name:

Gandules 

RUC:

20504004415   

Date Created:

2002

Date Incorporated:

March 22, 2002

Legal Address:

AV. DEL PINAR NRO. 198 URB. CHACARILLA DEL ESTANQUE (TERCER PISO) LIMA - LIMA - SANTIAGO DE SURCO

Operative Address:

AV. DEL PINAR NRO. 198 URB. CHACARILLA DEL ESTANQUE (TERCER PISO) LIMA - LIMA - SANTIAGO DE SURCO

Telephone:

(+51) -1 - 627 0300

Fax:

(+51) -1 - 627 0310

Legal Form:

SOCIEDAD ANONIMA CERRADA

Email:

presidencia@gandules.com.pe

Registered in:

Peru

Website:

 www.gandules.com.pe

Manager:

Juan Manuel Varilias Velásquez

Staff:

4488

Activity:

 

BANKS

BANCO CONTINENTAL

 

AV. REPUBLICA DE PANAMA CDRA 30, SAN ISIDRO, LIMA PERU

 

0011-0194-84-0100036416

 

 

HISTORY

                                                                             

 Gandules Inc. was founded in Peru in 2002.

PRINCIPAL ACTIVITY

The company is engaged in the production, marketing and export of fruit and vegetables. The company has 7 plants in the districts of Lambayeque, Chiclayo and Ica.

Products/Services description:

Canning & Glass
Frozen
Fresh
Sweety Pepp
Sweety Drop

Brands:

GANDULES 

Sales are:

Wholesale

Clients:

B & G Foods

Suppliers:

Local Suppliers

Operations area:

National & International

The company imports from

No import data

The company exports to

USA, CANADA, PUERTO RICO, MEXICO, ITALY

The subject employs

4488 employees

Payments:

Regular-made on a 35-50 day basis

 

                                                                             

LOCATION

                                                                             

Headquarters :

AV. DEL PINAR NRO. 198 URB. CHACARILLA DEL ESTANQUE (TERCER PISO) LIMA - LIMA - SANTIAGO DE SURCO

Branches:

Km 43.5 de la Antigua Panamericana Norte - Jayanca

Industry:

Companies in this industry grow fruits and tree nuts for commercial production.


The profitability of individual companies depends on maximizing crop yield and minimizing risk of disease. Large companies and farm cooperatives have advantages in highly mechanized operations, branded food products, and access to low-cost labor. Small operations can compete effectively by specializing in agritourism as well as organic, heirloom, or unusual fruits and nuts.


Major products include grapes (about 25 percent of revenue) and tree nuts such as almonds, cashews, and pecans (25 percent), along with apples, oranges, and strawberries (about 10 percent each). Other products include avocados, blueberries, cherries, peaches, pears, and lemons.

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES      

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

This is a provate company. Major holders are:

VARILIAS VELASQUEZ JUAN MANUEL
AZNAR LOPEZ ANTONIO

Management:

Antonio Aznar Lopez, General Manager
Pedro Ghigchon Castillo, Branch Manager
Juan Manuel Varilias Velasquez, President

Related Companies:

No subsidiary companies

                                                                             

                                                                             

FINANCIAL INFORMATION

                                                                             

 

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

2013 PEN

 

Revenue

56 112 000

Net Income

1 315 000

Total Equity

34 479 300

 

                                                                             

LEGAL FILINGS

 

There are no legal/criminal connected to the subject

 

 

 

SUMMARY

 

Gandules Inc. is a private corporation with many years of experience and deep commitment in the agribusiness sector in Peru. Today, Gandules, Inc. enjoys the recognition as one of the most important Peruvian agribusiness companies, wholly integrating its production processes and exporting to clients all world around.

 

The company is active, with positive profitability and no negative.

 

 

RISK INFORMATION  

                                                                             

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Good

STATUS

Active

 

                                                                             

ENTERVIEW

                                                                             

NAME

Sales

POSITION

NA

COMMENTS

He confirmed address and manager. He refused to provide more data.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.39

UK Pound

1

Rs.96.85

Euro

1

Rs.75.67

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SDA

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.