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Report No. : |
341341 |
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Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
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Name : |
POLIMETALES S.A.C. |
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Registered Office : |
Av. Argentina NRO. 2787 Z.I. Zona Industrial Lima - Lima - Lima |
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Country : |
Peru |
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Date of Incorporation : |
19.10.1969 |
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Legal Form : |
Private Company |
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Line of Business : |
Steel Service Centers & Other Metal
Wholesalers Industry. |
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No. of Employees : |
96 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
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Order: |
Polimetals SAC |
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Address in the order: |
Av. Argentina 2787 # Lima Peru |
|
Legal Name: |
POLIMETALES S.A.C. |
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Trade Name: |
Polimetales |
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RUC: |
20100456495 |
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Date Created: |
1969 |
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Date Incorporated: |
19/10/1969 |
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Legal Address: |
AV. ARGENTINA
NRO. 2787 Z.I. ZONA INDUSTRIAL LIMA - LIMA - LIMA, PERU |
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Operative Address: |
Av Argentina
2787 |
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Telephone: |
1 619 3600 |
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Fax: |
1 452 0314 |
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Legal Form: |
Private Company |
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Email: |
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Registered in: |
Peru |
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Website: |
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Contact: |
Achille Ceino Mazzini, General Manager |
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Staff: |
96 |
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Activity: |
Steel Service Centers & Other Metal
Wholesalers Industry |
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BANKS
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Banco Nacional de Perú |
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The company does not disclose its banking
information |
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History
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The company was established in 1969 |
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PRINCIPAL ACTIVITY
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This is a
company dedicated to the marketing of Stainless Steel, Special Steel, and the
supply of ferrous and non-ferrous items. |
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Products/Services description: |
Plates |
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Brands: |
POLIMETALES |
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Sales are: |
Wholesale |
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Clients: |
NEGOCIOS
INDUSTRIALES REAL SANIRSA ECUADOR |
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Suppliers: |
VIRAJ PROFILES
LTD. |
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Operations area: |
National and International |
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The company imports from |
India, Africa, Mexico, Colombia |
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The company exports to |
Ecuador, Colombia |
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The subject employs |
96 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Av Argentina
2787 |
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Branches: |
AV. EL PACIFICO
NRO. 161 (AV EL PACIFICO 161 -165)LIMA - LIMA - INDEPENDENCIA, PERU |
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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. According to our search, major holders are: Achille Ceino
Mazzini |
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Management: |
Achille Ceino
Mazzini, General Manager |
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FINANCIAL INFORMATION
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This is a private company which does not
make its financials public. The following information has been provided by
our private sources: |
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PEN 2014 |
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Revenue |
22 190 000 |
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Net Income |
165 000 |
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Total Equity |
5 877 800 |
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Cash Flow |
Good |
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LEGAL FILINGS
|
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Cosapi, S.A.
Vs. Polimetales, S.A.C. |
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FIRST CALL FOR JUDICIAL SALE.- The
instruction followed by POLIMETALES SAC represented by Mr. ACHILLE CEINO MAZZINI
against AMANCIO DIAZ ORE for Drug Crime Bypass, Exp.209-2006, the 11th
Criminal Court of Lima, by Dr. Judge. Morocho Maria Mori, Sec: Fernando Rios
Reyes; It has set out to public auction on first call building located at Av.
Maquinarias Nros.2335-2341,2347 before Fifth Street lot 6, Mz. G, Industrial
Construction Conde de las Torres, Cercado de Lima District, Province and
Department of Lima, registered in the Item No. 40042652 Registry of Deeds of
Lima owned by Amancio Diaz Ore .-. |
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SUMMARY
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This is a company dedicated to the
marketing of Stainless Steel, Special Steel, and the supply of ferrous and
non-ferrous items. The company has more than 30 years of
experience in the market with a médium sized structure. It is involved in both national and
international commercial transactions, with positive profitability and no
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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INTERVIEW
|
|
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NAME |
Ricardo |
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POSITION |
Administrative |
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COMMENTS |
He confirmed manager, staff, address and
activity. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.50 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
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|
Report Prepared
by : |
NIT |
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 |
|
|
<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.