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Report No. : |
332425 |
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Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
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Name : |
TEXTIL OCEANO S.A.C. |
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|
|
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Registered Office : |
Av Separadora Industrial 4788, Ate Lima, Lima 03 |
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|
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Country : |
Peru |
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Date of Incorporation : |
19.04.1999 |
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Legal Form : |
Sociedad Anonima |
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|
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Line of Business : |
It is dedicated to the textile process industry. The company carries
out processes of spinning, knitting, dyeing and printing. |
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|
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No. of Employees : |
179 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Peru |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 grew by an average of 5.6% from 2009-13 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%. 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. Growth slipped in 2014, due to weaker world prices for these resources. 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. The HUMALA administration passed several economic stimulus packages in 2014 to bolster growth, including reforms to environmental regulations in order to spur investment in Peru’s lucrative mining sector, a move that was opposed by some environmental groups. 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, El Salvador, India, Indonesia, Turkey and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that seeks integration of services, capital, investment and movement of people. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the United States has doubled.
|
Source
: CIA |
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Order: |
TEXTIL OCEANO S.A.C. |
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Address in the order: |
Av Separadora Industrial 4788 Atevitarte 4788 Atevitarte Lima, Perú |
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Legal Name: |
TEXTIL OCEANO S.A.C. |
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Trade Name: |
TEXTIL OCEANO |
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RUC: |
20425252608 |
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Date Created: |
1999 |
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Date Incorporated: |
19/04/1999 |
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Legal Address: |
Av Separadora Industrial 4788, Ate Lima, Lima 03, Perú |
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Operative Address: |
Av Separadora Industrial 4788 Lima, Lima 03, Perú |
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Telephone: |
(51-1) 462 5555 |
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Fax: |
(51-1) 462-5345 |
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Legal Form: |
SOCIEDAD ANONIMA |
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Email: |
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Registered in: |
Peru |
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Website: |
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Contact: |
Enrique Ballen Palacios, President |
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Staff: |
179 |
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Activity: |
Textile Manufacturing Industry |
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BANK DATA |
Central Bank of Perú |
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The company does not disclose its banking information |
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The company started operations in 1999. |
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PRINCIPAL ACTIVITY |
It is dedicated to the textile process industry. The company carries out
processes of spinning, knitting, dyeing and printing. |
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Products/Services description: |
ersey 20/1 Jersey 24/1 Jersey 30/1 Jersey 30/1Polycotton Jersey 40/1 Jersey 40/1 Polycotton Jersey 50/1 Pima Jersey 24/1 Full Lycra Jersey 30/1 Full Lycra Jersey 30/1 Full Lycra Jersey 30/1Viscosa Full Lycra Jersey 40/1 Full Lycra Jersey 50/1 Full Lycra Gamuza 30/1 Gamuza 40/1 Gamuza 50/1 Gamuza 60/1 Pima Franela 24/10French Terry 30/1 Full Lycra French Terry 24/20 Rib 1x1 24/1 Rib 1x1 30/1 Rib 1x1 40/1 Jersey 30/1 Viscosa Estampada Jersey 40/1 Poly Cotton Estampado Jersey 40/1 Full Lycra EStampado Gamuza 50/1 Pima Estampada. |
|
|
ersey 20/1 Jersey 24/1 Jersey 30/1 Jersey 30/1Polycotton Jersey 40/1 Jersey 40/1 Polycotton Jersey 50/1 Pima Jersey 24/1 Full Lycra Jersey 30/1 Full Lycra Jersey 30/1 Full Lycra Jersey 30/1Viscosa Full Lycra Jersey 40/1 Full Lycra Jersey 50/1 Full Lycra Gamuza 30/1 Gamuza 40/1 Gamuza 50/1 Gamuza 60/1 Pima Franela 24/10French Terry 30/1 Full Lycra French Terry 24/20 Rib 1x1 24/1 Rib 1x1 30/1 Rib 1x1 40/1 Jersey 30/1 Viscosa Estampada Jersey 40/1 Poly Cotton Estampado Jersey 40/1 Full Lycra EStampado Gamuza 50/1 Pima Estampada. |
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Brands: |
Textil Oceano |
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Sales: |
Wholesale |
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Clients: |
ECOTEX
Colombia |
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Suppliers: |
GEM SPINNERS INDIA LTD. India
Brazil DISTRIBUIDORA TEXTIL CA DISTRITEX Ecuador |
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Operations area: |
National and International |
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The company imports from |
Brazil, Ecuador, Argentina and India |
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The company exports to |
Colombia, USA |
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The subject employs |
179 employees |
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Payments: |
No Complaints |
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Headquarters : |
Av Separadora Industrial 4788 Lima, Lima 03, Perú |
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Branches: |
The company does not have branches |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders %: |
This is a private company. Despite our search, we could not
confirm major holders. |
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Management: |
Enrique Ballen Palacios, President Katherine Ponce Herrera, Director Jane Principe Paredes, Treasury Liz E. Fernandez Patino, Legal Representative Carolina Ballen Palacios, Legal Representative Mariela Sayan Figari, Director Sergio Zanelli Santana, Director Noel Trujillo, Coordinator |
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Related Companies: |
No subsidiary companies |
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The company does not make its financial statements public. |
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USD 2013 |
|
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Revenue |
19.856 |
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Net Income |
1.3 |
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Cash Flow |
35.792 |
|
|
|
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Exports FOB DOLLAR |
|
|
2015 |
5.203.102 |
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2014 |
10.353.650 |
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2013 |
11.947.146 |
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2012 |
9.104.645 |
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2011 |
8.554.729 |
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|
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Imports FOB DOLLAR |
|
|
2015 |
2.468.634 |
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2014 |
4.729.033 |
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2013 |
4.751.023 |
|
2012 |
6.603.053 |
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2011 |
7.510.241 |
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|
There are no legal connected to the subject |
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|
Textil Oceano is a Peruvian company dedicated to the wholesale of
textile ítems. The company Works in the manufacture process and has a large sized
structure and day and night shifts. It has 16 years of experience in the market with international
commercial transactions, high volumes of imports and exports and positive
profitability. |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
|
|
NAME |
Betina |
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POSITION |
Administrative |
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COMMENTS |
She confirmed address, activity, and said we should contact via
e-mail. We sent an e-mail to the company but has still received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
UK Pound |
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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|
-- |
NB |
New Business |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.