MIRA INFORM REPORT

 

 

Report No. :

349065

Report Date :

16.11.2015

           

IDENTIFICATION DETAILS

 

Name :

PC MODA S.A.C.

 

 

Registered Office :

Av. Jorge Chavez Nro. 1046 Parque Indust.Sn.Pedrito

 

 

Country :

Peru

 

 

Date of Incorporation :

09.08.1999

 

 

Legal Form :

Sociedad Anonima Cerrada

 

 

Line of Business :

Import and manufacture of garments, mainly for women and children.

 

 

No. of Employee :

235

 

 

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 complainants

 

 

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

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, 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:

PC MODA S.A.C.

Trade Name:

PIERRE CARDIN

RUC:

20430772873   

Date Created:

1999

Date Incorporated:

09/08/1999

Legal Address:

AV. JORGE CHAVEZ NRO. 1046 PARQUE INDUST.SN.PEDRITO,    PERU

Operative Address:

AV. JORGE CHAVEZ NRO. 1046 PARQUE INDUST.SN.PEDRITO,    PERU

Telephone:

2472948 - 2470996

Fax:

2475155

Legal Form:

SOCIEDAD ANONIMA CERRADA

Email:

NA

Registered in:

Peru

Website:

NA

Contact:

Aldo Valerga, Manager

Staff:

235

Activity:

Clothing Stores Industry

 

 

Banks:

Banco Central de Peru

 

 

 

The company does not disclose its banking data.

 

 

History

 

 

The company was founded in 1999.

 

 

PRINCIPAL ACTIVITY

 

 

This  is a company dedicated to the import and manufacture of garments, mainly for women and children, under the license brand Pierre Cardin - Paris, license that has been maintained for the past 25 years.

Products/Services description:

Garments

Brands:

Pierre Cardin
Fragata

Sales are:

Retail and Wholesale

Clients:

TECDYMARK S.A.S.
Colombia

PREMIUM BRANDS FOOTWEAR, S.A. DE C.V.
Mexico

Creatum Accesorios S.A.
Colombia

Vicunha Textil Argentina S.A.
Argentina

Industrias Haber S Sa De Cv
Mexico

EGO DESIGN MEDELLIN SAS
Colombia

PIERRE CARDIN MODA MPC SA
Ecuador

Suppliers:

DISTRIBUIDORA MORAN SAS
Colombia

GUILLERMO PULGARIN S S.A
Colombia

Falabella De Colombia S.A.
Colombia

Operations area:

National

The company imports from

Colombia, Mexico, Argentina, Hong Kong

The company exports to

Ecuador, Colormbia

The subject employs

235 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

AV. JORGE CHAVEZ NRO. 1046 PARQUE INDUST.SN.PEDRITO,    PERU

Branches:

LO. L. COMERCIAL CAL.MANTARO NRO. S/N INT. V-09(INTERSECCION AV.UNIVERSITARIA)LIMA - LIMA - SAN MIGUEL -
0037 LO. L. COMERCIAL AV. AVENIDA DE LA CULTURA NRO. S/N (LC-163A-161)CUSCO - CUSCO - CUSCO -
0040 LO. L. COMERCIAL AV. BRASIL NRO. 714 INT. REF (LC-128-129)LIMA - LIMA - BREÑA -
0038 LO. L. COMERCIAL AV. ALFREDO MENDIOLA NRO. 3698(L300-301)LIMA - LIMA - INDEPENDENCIA -
0021 LO. L. COMERCIAL AV. LA MARINA NRO. S/N INT. 204A(LOCAL 203-204A -C.C. PLAZA SAN MIGUEL)LIMA - LIMA - SAN MIGUEL -
0020 LO. L. COMERCIAL AV. JAVIER PRADO ESTE NRO. 4200 INT. 277 (CENTRO COMERCIAL JOCKEY PLAZA)LIMA - LIMA - SANTIAGO DE SURCO -
0026 LO. L. COMERCIAL AV. INCA GARCILASO DE LA VEGA NRO. 1337 INT. 1053(CENTRO CIVICO Y COMERCIAL DE LIMA)LIMA - LIMA - LIMA -
0031 LO. L. COMERCIAL AV. ANGAMOS ESTE NRO. 2681(C.C. REAL PLAZA PRIMAVERA LC-146)LIMA - LIMA - SAN BORJA -
0039 LO. L. COMERCIAL AV. GENERAL FELIPE SALAVERRY NRO. 2370 INT. REF (GENERAL FELIPE SALAVERRY 2370 INT LC-209)LIMA - LIMA - JESUS MARIA -
0030 LO. L. COMERCIAL AV. ANDRES AVELINO CACERES NRO. 147 URB. MIRAFLORES (C.C. OPEN PLAZA PIURA LC: 12)PIURA - PIURA - CASTILLA -
0032 LO. L. COMERCIAL AV. ALFREDO MENDIOLA NRO. 1400(C.C. PLAZA LIMA NORTE TDA. N-109)LIMA - LIMA - INDEPENDENCIA -
0001 LO. L. COMERCIAL CAL.CAMINO REAL NRO. 1701(1703)LIMA - LIMA - SANTIAGO DE SURCO -
0034 LO. L. COMERCIAL AV. LARCO NRO. 671ALIMA - LIMA - MIRAFLORES -
0025 LO. L. COMERCIAL AV. AMERICA OESTE NRO. 750 INT. 1006 URB. EL INGENIO (CC MALL AVENTURA PLAZA TDA 1006)LA LIBERTAD - TRUJILLO - TRUJILLO -
0035 LO. L. COMERCIAL CAL.VULCANO NRO. 132 URB. VULCANO LIMA - LIMA - ATE -
0028 LO. L. COMERCIAL AV. ANGAMOS NRO. 1803 INT. LC59(C.C. OPEN PLAZA)LIMA - LIMA - SURQUILLO -
0036 LO. L. COMERCIAL MZA. I-2 INT. 150 URB. SAN BORJA (C.C. SAN BORJA PLAZA INT. 150 - 151)LIMA - LIMA - SAN BORJA -
0033 LO. L. COMERCIAL AV. PROL. PASEO DE LA REPUBLI NRO. S/N (CC PLAZA LIMA SUR TDAS 121-123)LIMA - LIMA - CHORRILLOS

Related Companies:

DIAZ FELMAN AUGUSTO JACOBO is also shareholder at:
AUGUSTO DIAZ FELMAN E.I.R.L
VALDITEX S.A.
PUERTO MADERO S.A.C.

 

 

Sister Company:

PIERRE CARDIN MODA MPC SA

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. Major holder is DIAZ FELMAN AUGUSTO JACOBO.

Management:

DIAZ FELMAN AUGUSTO JACOBO, PRESIDENT
ACEVEDO OSTOLAZA PEDRO RICARDO, GENERAL MANAGER
VALERGA DE LA FLOR ALDO HORACIO, MANAGER

 

 

FINANCIAL INFORMATION

 

 

The company does not make its financial statements public. The following information has been provided by private sources:

 

 

USD 2014

 

Revenue

20 000 000

Cash Flow

Good

 

 

 

The first six months of the year were positive for PC Fashion, a company representing the French Pierre Cardin in the country. Its growth was 5% in sales, but profits achieved gains of more than 50% compared to last year.

 

 

LEGAL FILINGS

 

 

There are no legal connected to the subject

 

 

SUMMARY

 

 

 This  is a company dedicated to the import and manufacture of garments, mainly for women and children, under the license brand Pierre Cardin - Paris, license that has been maintained for the past 25 years.

 

It has a large sized structure with more than 10 branches and is under expansion to Colombia and Ecuador.

 

The company is active, well established in the market with high revenues and no negative.

 

 

RISK INFORMATION

 

 

The company plans to extend business in Colombia and Ecuador for 2016, by opening branches there.

 

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Nicolas 

POSITION

Administrative

COMMENTS

He confirmed address, branches, staff, managers, activity and brands. 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.100.55

Euro

1

Rs.71.26

 

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

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.