MIRA INFORM REPORT

 

 

Report No. :

322511

Report Date :

20.05.2015

 

IDENTIFICATION DETAILS

 

Name :

VANITEX E.I.R.L.

 

 

Registered Office :

Jr. Saenz Peña 222 - Magdalena del Mar - Lima

 

 

Country :

Peru

 

 

Date of Incorporation :

04.02.2004

 

 

Legal Form :

Individual Limited Liability Company

 

 

Line of Business :

Wholesale of Textile.

 

 

No. of Employee :

4

 

 

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 :

Unknown

 

 

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 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. In order to spur investment in Peru’s lucrative mining sector, it reduced some environmental regulations, in a move that was opposed by 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 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.

 

Source : CIA

 

 

STATUTORY INFORMATION

 

Legal Name:

VANITEX E.I.R.L.

Trade Name:

VANITEX 

RUC:

20498796525

Date Created:

2004

Date Incorporated:

04/02/2004

Legal Address:

Jr. Saenz Peña 222 - Magdalena del Mar - Lima - Perú

Operative Address:

Jr. Saenz Peña 222 - Magdalena del Mar - Lima - Perú

Telephone:

(51-1) 460-1111

Fax:

(51-1) 461-8787

Legal Form:

EMPRESA INDIVIDUAL DE RESPONSABILIDAD LIMITADA

Email:

maribel@vanitex.com.pe

Registered in:

Peru

Website:

www.vanitex.com.pe

Contact:

Cesar Augusto Cary Araujo, Manager

Staff:

4

Activity:

Textile Wholesale

 

BANKS

Banco Central de Peru

 

 

 

The company does not make its banking information public.

 

 

HISTORY

 

 

The company started business in 2004

 

 

PRINCIPAL ACTIVITY

 

 

The company is dedicated to the marketing and sale of all kinds of fibers, yarns and filament textile use.

Products/Services description:

Cotton
Nylon
Polyester

Brands:

VANITEX

Sales are:

Wholesale

Clients:

Directed specifically to segments:
 
  Circular Knitting
  Warp knit fabric
  Plano tissue
  Socks and panty hose
  Rigid and elastic tapes
  Mills

Suppliers:

OCEANTERRA S.A
Dominican Republic

NATURAL RUBBER THREAD CO LTD
Thailand

Operations area:

National and International

The company imports from

India, Malaysia, China, Indonesia, Canada, Colombia and Korea

The company exports to

Europe

The subject employs

4 employees

Payments:

Unknown

 

 

LOCATION

 

Headquarters :

Jr. Saenz Peña 222 - Magdalena del Mar - Lima - Perú

Branches:

The company does not have branches

Industry:

 

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. Major holder is Cesar Augusto Cary Araujo.

Management:

Cesar Augusto Cary Araujo, President

Related Companies:

There are no subsidiaries

 

 

FINANCIAL INFORMATION

 

 

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

 

 

Annual Imports FOB DOLLAR

 

2015

166.367

2014

230.062

2013

157.558

2012

45.301

 

 

LEGAL FILINGS

 

 

There are no legal connected to the subject

 

 

 

 

SUMMARY

 

 

The company is dedicated to the marketing and sale of all kinds of fibers, yarns and filament textile use.

 

It has 11 years of experience in the market with a small sized structure.

 

The company does not show negative and there are no tax ommissions at the registry.

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

Unknown

CASH FLOW

Normal

SUGGESTED CREDIT LINE

USD 10 000

STATUS

Active

 

 

ENTERVIEW

 

NAME

Jose Carlos

POSITION

Administrativo

COMMENTS

The person contacted confirmed address. He refused to provide any kind of data on the subject arguing it is confidential information.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.69

UK Pound

1

Rs.99.73

Euro

1

Rs.71.90

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 

 

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.