MIRA INFORM REPORT

Report No. :	303160
Report Date :	21.01.2015

IDENTIFICATION DETAILS

Name :	KS DEPOR S.A

Registered Office :	Calle José Cossio 222 Magdalena del Mar Lima 17

Country :	Peru

Date of Incorporation :	18.02.2000

Legal Form :	Sociedad Anónima

Line of Business :	Subject is engaged in the retail sale of textiles and fabrics

No. of Employee :	18

RATING & COMMENTS

MIRA’s Rating :

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

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:	SRI APPARELS- PERU
Address in the order:	KS DEPOR, SA, JR. JOSE COSSIO 222 MAGDALENA DEL MAR LIMA 17 PERU
Legal Name:	KS DEPOR S.A
Trade Name:	KS DEPOR
RUC:	20532145415
Date Created:	2000
Date Incorporated:	February 18, 2000
Legal Address:	Calle José Cossio 222 Magdalena del Mar Lima 17 ; Peru
Operative Address:	Calle José Cossio 222 Magdalena del Mar Lima 17 ; Peru
Telephone:	51-1-616-8484
Fax:	51-1-2643235
Legal Form:	Sociedad Anónima
Email:	ksdepor@ksdepor.com.pe
Registered in:	Peru
Website:	www.ksdepor.com.pe
Manager:	Kaufman Bitterman Harry
Staff:	18
Activity:	Linen Products Sales

BANKS

Banco del Perú

The company does not make its banking data public

HISTORY

The company started business in 2000.

PRINCIPAL ACTIVITY

The company is engaged in the retail sale of textiles and fabrics.

Products/Services description:	Footwear Textile Products
Brands:	Patagonia, Converse, Joma, Sebago, CAT, Lotto, Merrell, Hi-Tech and Harley-Davidson Footwear.
Sales are:	Retail and wholesale
Clients:	OPTIMA SRL Paraguay CASA COMERCIAL TOSI CA Ecuador
Suppliers:	Wolverine World Wide, Inc. USA Dominican Wolverine Shoe Co. Dominical Republic
Operations area:	National & International
The company imports from	USA, Dominican Republic
The company exports to	Colombia, Ecuador and Paraguay
The subject employs	18 employees
Payments:	Regular

LOCATION

Headquarters :

Calle José Cossio 222 Magdalena del Mar Lima 17 ; Peru

Stores:

The company does not have branches

Industry:

Companies in this industry operate physical retail establishments that sell clothing and accessories.

Personal income and fashion trends drive demand for clothing. The profitability of individual companies depends heavily on effective merchandising and marketing. Large companies can offer wide selections of clothing and have advantages in purchasing, distribution, and marketing. Small stores can compete by offering unique merchandise, targeting a specific demographic, providing superior customer service, or serving a local market.

The clothing retail industry includes stores specializing in women's clothing (50 percent of industry revenue) or men's clothing (20 percent). Stores may also specialize in children's clothing (nearly 10 percent of sales) or accessories. Children's clothing stores include infant wear. Accessory stores may specialize in hats or caps, costume jewelry, gloves, handbags, ties, wigs, or belts. Within their specialty, stores typically sell a full range of items including clothing, outerwear, and underwear. Many clothing stores also sell shoes, accessories, makeup, and perfumes.

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. Its major holders are Bitterman family.
Management:	General Manager, Kaufman Bitterman Harry Director, Bitterman Kanner de Kaufman Raquel Director, Kaufman Bitterman Aron Attorney, Gorn Vargas Jose Antonio Glenn Attorney, Ramirez Andrade Favio Abraham
Related Companies:	No subsidiary companies

FINANCIAL INFORMATION

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

2013 USD
Assets	192 167
Cash Flow	Normal

Imports 2013	USD 15,368.00

LEGAL FILINGS

There are nolegal found for the subject

SUMMARY

KS DEPOR S.A is a Peruvian company dedicated to the import and sale of textile products, mainly shoes of well known brands.

The company imports from USA and Dominical Republic and exports to Latin America.

It has 14 years of experience in business without tax commissions and a small sized structure.

There are no negative.

RISK INFORMATION

DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active

INTERVIEW

NAME	NA
POSITION	Receptionist
COMMENTS	The receptionist confirmed address, activity, manager and brands.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.84
UK Pound	1	Rs.93.26
Euro	1	Rs.71.56

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	DPT

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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