MIRA INFORM REPORT

 

 

Report No. :

349731

Report Date :

19.11.2015

 

IDENTIFICATION DETAILS

 

Name :

MC TEJIDOS Y CONFECCIONES S.R.L.

 

 

Registered Office :

Av. Acapulco Nro. 519 Coo. Santa Clara (Hotel El Pueblo)Lima - Lima

 

 

Country :

Peru

 

 

Date of Incorporation :

28.01.1999

 

 

Legal Form :

Sociedad De Responsabilidad Limitada

 

 

Line of Business :

Manufacture of Cloth.

 

 

No. of Employees :

43

 

 

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 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 – 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:

MC TEJIDOS Y CONFECCIONES S.R.L.

Trade Name:

MC TEJIDOS Y CONFECCIONES  

RUC:

20421243621   

Date Created:

1999

Date Incorporated:

28/01/1999

Legal Address:

Av. Acapulco Nro. 519 Coo. Santa Clara (Hotel El Pueblo)Lima - Lima, Peru

Operative Address:

Av Acapulco No. 519
Lima, Lima 03
Perú

Telephone:

1 356 0684 / 1 356 1827

Fax:

1 356 0684

Legal Form:

Sociedad De Responsabilidad Limitada

Email:

NO

Registered in:

Peru

Website:

NA

Contact:

Elvis F. Rojas Morales, General Manager

Staff:

43

Activity:

Textile Manufacture Industry

 

 

Banks:

Banco Central de Perú

 

 

 

The company does not make its banking data public

History:

 

 

The company was established in 1999.

PRINCIPAL ACTIVITY

 

 

The company is dedicated to the manufacture of cloth.

Products/Services description:

Plane Cloth

Brands:

NA

Sales are:

Wholesale

Clients:

Distributors

Suppliers:

JEN JANG CO., LTD.
Hong Kong

Operations area:

National

The company imports from

China, USA, India, Taiwan, Hong Kong

The company exports to

No exports

The subject employs

43 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

Av Acapulco No. 519
Lima, Lima 03
Perú

Branches:

The company does not have branches

Related Companies:

No companies related

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

Elvis F. Rojas Morales is the owner of the company.

Management:

Elvis F. Rojas Morales, General Manager
Nestor Rojas Rojas, Production Manager
Pablo Yanchich Dominguez, Accountant

 

 

FINANCIAL INFORMATION

 

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

USD 2014

 

Revenue

600 000

Cash Flow

Normal

 

 

LEGAL FILINGS

 

 

There are no legal connected to the subject

 

 

SUMMARY

 

 

The company is dedicated to the manufacture of cloth.

It has a small-medium sized structure with 16 years of experience in the market.

The company shows regular payment behaviour and no negative records.

 

It is managed by its owner and operates nationally.

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

NA

POSITION

Administrative

COMMENTS

The person contacted confirmed address, ownership, clients, sales, payment terms, staff. She refused to provide her name.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

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

 

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.