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Report No. : |
348291 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
TEXTILES BUSTAMANTE S.A. |
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Registered Office : |
Av. Materiales No 2375 Cercado de Lima, (Lima-Perú) |
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Country : |
Peru |
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Date of Incorporation : |
01.04.1992 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
The company operates as a Manufacturer of
Textile Items. |
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|
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No. of Employees : |
475 |
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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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 |
STATUTORY INFORMATION
|
|
|
Legal Name: |
TEXTILES BUSTAMANTE S.A. |
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Trade Name: |
BUSATEX |
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RUC: |
20106784478 |
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Date Created: |
1992 |
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Date Incorporated: |
01/04/1992 |
|
Legal Address: |
Av. Materiales No 2375 Cercado de Lima,
(Lima-Perú) |
|
Operative Address: |
Av. Materiales No 2375 Cercado de Lima,
(Lima-Perú) |
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Telephone: |
(511) 336-6846 / 336-8374 |
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Fax: |
(511) 336-7083 |
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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: |
Rodolfo Bustamante, General Manager |
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Staff: |
475 |
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Activity: |
Textile Manufacturing Industry |
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BANKS |
Banco Central de Perú |
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The company does not make its banking data
public |
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History: |
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The company started business in 1992. |
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PRINCIPAL ACTIVITY
|
|
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The company operates as a manufacturer of
textile items. |
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Products/Services description: |
Fine Line
Shirts and blouses |
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Brands: |
BUSATEX |
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Sales are: |
Wholesale |
|
Clients: |
TEXTILES
RISARALDA S.A. |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
Asia, India |
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The company exports to |
Colombia |
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The subject employs |
475 employees |
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Payments: |
No Complaints |
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LOCATION
|
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Headquarters : |
Av. Materiales No 2375 Cercado de Lima,
(Lima-Perú) |
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Branches: |
STORAGE: CAL.C NRO. S/N URB. LOT.
PRE-NIEVERIA (MZ-F , LOTE - 04 COMPLEJO CAJAMARQUILLA)LIMA - LIMA -
LURIGANCHO - |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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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. Major holder is
Rodolfo Bustamante Rimarachin. |
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Management: |
Rodolfo Bustamante
Rimarachin, President |
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FINANCIAL INFORMATION
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This is a private company which does not
make its financials public. |
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The following information has been provided
by private sources: |
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Exports |
|
|
2015 |
195.623 |
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2014 |
486.918 |
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2013 |
39.766 |
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2011 |
60.367 |
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2010 |
234.765 |
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|
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Imports |
|
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2015 |
1.966.586 |
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2014 |
2.736.825 |
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2013 |
5.787.566 |
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2012 |
9.219.507 |
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2011 |
7.674.157 |
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LEGAL FILINGS
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There are no legal connected to the subject |
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SUMMARY
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|
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The company operates as a manufacturer of
textile items. It has 23 years of experience in the market
with a large sized structure and several branches. The company mainly imports from India and
Asia, and exports to Colombia. The comapny is active without negative. |
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RISK INFORMATION
|
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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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|
|
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INTERVIEW |
|
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NAME |
Nayade Menendez |
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POSITION |
Administrative |
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COMMENTS |
She confirmed ID, experience, exports,
imports, staff, manager and ownership. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
|
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
|
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Report Prepared
by : |
TPT |
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 |
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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 |
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|
<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.