MIRA INFORM REPORT

Report No. :	344179
Report Date :	09.10.2015

IDENTIFICATION DETAILS

Name :	INDICOLOR SAC
Registered Office :	Cal.Camino Real Nro. 1801(MZ B LT 2)Lima - Lima - Santiago De Surco, Lima
Country :	Peru
Date of Incorporation :	01.08.2011
Legal Form :	Sociedad Anonima Cerrada
Line of Business :	Subject is involved in the textile industry
No. of Employee :	3

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 – 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

STATUTORY INFORMATION
Legal Name:	INDICOLOR SAC
Trade Name:	INDICOLOR
RUC:	20543495132
Date Created:	2011
Date Incorporated:	01/08/2011
Legal Address:	CAL.CAMINO REAL NRO. 1801(MZ B LT 2)LIMA - LIMA - SANTIAGO DE SURCO, LIMA, PERU
Operative Address:	Calle Camino Real No 1801 Km Mz Dpto Lote
	Lima, Lima 33
	Perú
Telephone:	1 477 1393
Fax:	1 477 1393
Legal Form:	SOCIEDAD ANONIMA CERRADA
Email:	NA
Registered in:	Peru
Website:	NA
Contact:	MACEDO JOSE DANIEL, General Manager
Staff:	3
Activity:	Textile Industry
BANKS
Banco Central del Peru
The company does not disclose its banking information
History
The company was founded in 2011
PRINCIPAL ACTIVITY
The company is involved in the textile industry.
Products/Services description:	Textile Items
Brands:	NA
Sales are:	Wholesale
Clients:	Textile Industry
Suppliers:	HANGZHOU JIHUA IMPORT & EXPORT CO.,LTD.
	China
Operations area:	National
The company imports from	China
The company exports to	No exports
The subject employs	3 employees
Payments:	Unknown
LOCATION
Headquarters :	Calle Camino Real No 1801 Km Mz Dpto Lote
	Lima, Lima 33
	Perú
Branches:	The company does not have branches
Related Companies:	Sociedad Quimica Mercantil S A
	Asia Color SAC
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	ARAKAKI HIGA CARMEN LUISA, Attorney
	MACEDO JOSE DANIEL, General Manager
	ANCO MURGA YESSABEL, Attorney
	Patricio Alessandro Padron Del Bosque
FINANCIAL INFORMATION
This is a private company which does not make its financials public.
There are no financial connected to the subject
LEGAL FILINGS
There are no legal records for the subject
SUMMARY
The company is involved in the textile industry.
It has a small sized strcuture and 4 years of experience in the market.
Despite the company is active, it has a quite low commercial profile and it was not possible to contact the company directly.
The subject is related to Sociedad Quimica Mercantil S A, sharing same manager MACEDO JOSE DANIEL.
Considering we could not confirm financial figures and its low comercial profile, we suggest working with a medium credit line.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	NA
COMMENTS	We tried to contact the company several times but received no response.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.16
UK Pound	1	Rs.99.78
Euro	1	Rs.73.33

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	ASH

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%)

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