|
|
|
MIRA INFORM REPORT
|
Report No. : |
505023 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SOLTRAK SA |
|
|
|
|
Registered Office : |
Av. Argentina No. 5799, Carmen de la Legua Reynoso Callao 3, Prov. Const. del Callao |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
03.11.2005 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Import and
trade of tires, lubricants, filters, purifiers, personal protection
equipment, preventive maintenance services for sectors of mining,
construction, transport, industry, agriculture and fishing. |
|
|
|
|
No. of Employees : |
463 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Peru |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
PERU - ECONOMIC OVERVIEW
Peru's economy reflects its varied topography - an arid lowland coastal region, the central high sierra of the Andes, and the dense forest of the Amazon. 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 copper.
The Peruvian economy grew by an average of 5.6% per year from 2009-13 with a stable exchange rate and low inflation. This growth was due partly to high international prices for Peru's metals and minerals exports, which account for 55% of the country's total exports. Growth slipped from 2014 to 2017, 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 over 35 percentage points since 2004, but inequality persists and continued to pose a challenge for the Ollanta HUMALA administration, which 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. However, in 2015, mining investment fell as global commodity prices remained low and social conflicts plagued the sector.
Peru's free trade policy 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, Honduras, concluded negotiations with Guatemala and the Trans-Pacific Partnership, and begun trade talks with El Salvador, India, and Turkey. 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 US has doubled. President Pedro Pablo KUCZYNSKI succeeded HUMALA in July 2016 and is focusing on economic reforms and free market policies aimed at boosting investment in Peru. Mining output increased significantly in 2016-17, which helped Peru attain one of the highest GDP growth rates in Latin America, and Peru should maintain strong growth in 2018. However, economic performance was depressed by delays in infrastructure mega-projects and the start of a corruption scandal associated with a Brazilian firm. Massive flooding in early 2017 also was a drag on growth, offset somewhat by additional public spending aimed at recovery efforts.
|
Source
: CIA |
CONFIDENTIAL
REPORT
|
COMPANY NAME |
SOLTRAK SA |
|
TAX ID. TYPE |
RUC |
|
TAX ID. NUMBER |
20511914125 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Av. Argentina No. 5799, Carmen de la Legua Reynoso |
|
CITY/PROVINCE/STATE |
Callao 3, Prov. Const. del Callao |
|
PHONE NUMBER(S) |
(51-1) 630.1700/630.1721 |
|
FAX |
(51-1) 425.4400 |
|
EMAIL |
|
|
WEBSITE |
|
|
REMARKS OF IDENTIFICATION |
This report was requested with address:
Av. Argentina No. 5799, Callao Peru.
Please notice that the correct data is shown above. |
CREDIT
OPINION
|
|
Commercial company of recognized
prestige locally. It seems to operate satisfactorily. Besides, it has a good financial
position and holds good relations with banks and suppliers. |
|
PAYMENT |
No Complaints |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Stock Company |
|
INCORPORATION DATE |
03/11/2005 |
|
CITY OF REGISTRATION |
Lima |
|
REGISTRY NUMBER |
Certificate No. 11811655 of the Registry
of Legal Entities of Lima |
|
TERM |
Unlimited |
|
PAID-UP CAPITAL |
S/.37,193,314.00 Soles |
|
LAST CAPITAL INCREASE |
31/12/2013 |
|
NET WORTH |
S/. 40,548,000.00 (as of 31/12/2015) |
|
TYPE OF SHARES |
Registered stock |
|
VALUE OF SHARES |
S/.1.00 |
|
LISTED AT STOCK EXCHANGE |
NO |
BACKGROUND.-
The company was originally established as
MEGA CAUCHO & REPRESENTACIONES SAC. Later, on 01/07/2009, its company name
was modified to MEGA REPRESENTACIONES SA.
The company was created from the merger of
MEGA CAUCHO & REPRESENTACIONES SAC, representative and distributor of tire
brand Goodyear, with INLUSA INDUSTRIA Y COMERCIO SAC, representative and
distributor of Mobil lubricants.
Finally, on 19/09/2016, its company name
was changed to the current one.
LEGAL ASPECTS.-
The remaining shares (0.01%) are held by
other unknown shareholders.
COMMENTS ON RELATED COMPANIES.-
The company is part of the FERREYCORP
Group, Peruvian economic business group of renowned prestige. It has presence
in the construction, machinery and heavy equipment sectors. It is present in
Peru, Central America, Ecuador and Chile. Some companies of this group are:
|
RELATED
COMPANIES |
||
|
COMPANY
NAME |
TAX ID.
NUMBER |
COUNTRY |
|
COMPAÑIA GENERAL DE EQUIPOS SA |
NIT 06142611600018 |
EL SALVADOR |
|
CORPORACION GENERAL DE TRACTORES SA |
NIT 12511501 |
GUATEMALA |
|
CRESKO SA |
RUC 20515954164 |
PERU |
|
EQUIPOS Y SERVICIOS TREX SPA |
RUT 76.414.829-0 |
CHILE |
|
FARGOLINE SA |
RUC 20101520898 |
PERU |
|
FERRENERGY SA |
RUC 20512638393 |
PERU |
|
FERREYCORP SAA |
RUC 20100027292 |
PERU |
|
FERREYROS SA |
RUC 20100028698 |
PERU |
|
FIANSA SA |
RUC 20165317581 |
PERU |
|
FORBIS LOGISTICS CORP. |
|
USA |
|
FORBIS LOGISTICS SA |
RUC 20544488059 |
PERU |
|
GENERAL EQUIPMENT COMPANY |
|
BELIZE |
|
INMOBILIARIA CDR SAC |
RUC 20536117963 |
PERU |
|
INTI INVERSIONES INTERAMERICANAS CORP. |
|
PANAMA |
|
MAQUICENTRO SA |
RUC 0992860499001 |
ECUADOR |
|
MERCADO CENTROAMERICANO DE LUBRICANTES SA |
RUC J0310000113386 |
NICARAGUA |
|
MOTORED SA |
RUC 20543265056 |
PERU |
|
ORVISA SA |
RUC 20103913340 |
PERU |
|
SOLTRACK DEL ORIENTE SAC |
RUC 20567242146 |
PERU |
|
SOLUCIONES SITECH PERU SA |
RUC 20551526594 |
PERU |
|
TRANSPORTES PESADOS SA DE CV |
NIT 06141008901028 |
EL SALVADOR |
|
TREX LATINOAMERICA SPA |
RUT 76.414.824-K |
CHILE |
|
UNIMAQ SA |
RUC 20100027021 |
PERU |
|
SOLTRACK DEL ORIENTE SAC |
RUC 20567242146 |
PERU |
|
SOLUCIONES SITECH PERU SA |
RUC 20551526594 |
PERU |
|
TRANSPORTES PESADOS SA DE CV |
NIT 06141008901028 |
EL SALVADOR |
|
TREX LATINOAMERICA SPA |
RUT 76.414.824-K |
CHILE |
|
UNIMAQ SA |
RUC 20100027021 |
PERU |
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
SOMMERKAMP MOLINARI, HUGO ERNESTO |
Director |
80% |
|
BRACAMONTE LOAYZA, LUIS ALONSO |
Director |
|
|
ESPINOSA BEDOYA, OSCAR GUILLERMO |
Director |
|
|
GARCIA FIGARI DE FABBRI, MARIELA |
Director |
|
|
GASTELUMENDI LUKIS, EMMA PATRICIA |
Director |
|
|
DIAZ PRO, GONZALO |
Director |
|
|
SALAS RIZO PATRON, ENRIQUE LUIS |
Director |
|
|
ASTETE PALMA, CELSO VICTOR |
Director |
|
|
DURAN CHENEAUX, JORGE MARTIN |
Director |
|
|
BARRIENTOS GONZALES, CARLOS ALFREDO |
General Manager |
|
|
SOMMERKAMP MOLINARI, HUGO ERNESTO |
Director |
|
|
BRACAMONTE LOAYZA, LUIS ALONSO |
Director |
|
|
ESPINOSA BEDOYA, OSCAR GUILLERMO |
Director |
|
|
GARCIA FIGARI DE FABBRI, MARIELA |
Director |
|
|
GASTELUMENDI LUKIS, EMMA PATRICIA |
Director |
|
|
DIAZ PRO, GONZALO |
Director |
|
|
SALAS RIZO PATRON, ENRIQUE LUIS |
Director |
|
|
ASTETE PALMA, CELSO VICTOR |
Director |
|
|
DURAN CHENEAUX, JORGE MARTIN |
Director |
|
|
BARRIENTOS GONZALES, CARLOS ALFREDO |
General Manager |
|
|
CANDELA CALDERON, DAVID DANIEL |
Proxy |
|
|
DE LA VEGA GAMARRA, JULIO CESAR |
Proxy |
|
|
FERREYCORP SAA |
Shareholder |
99.99% |
DATA
OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
SOMMERKAMP MOLINARI, HUGO ERNESTO
Peruvian,
ID No. 06287964. He was responsible for supervising areas of Treasury,
Financial Services to Customer, Logistics, Accounting, Taxes, Management and
Budget Control of Ferreyros. He was Central Manager of Management and Systems
Control from 2001 to 2015. He was responsible for the Risk Area at corporate
level, and supervised the IT Management Area until 2014. He entered the company
in 1985, and was Manager of Comptrollership of the subsidiary firms until 1990.
He was Director of UNIMAQ, ORVISA, FIANSA, FARGOLINE, FORBIS LOGISTICS, CRESKO,
MOTRIZA, MOTORED in Peru and El Salvador, as well as of MERCALSA and firms of
the CENTRAC group. Among 1990 and 1996 he worked in Paraguay as Financial
Director of diverse subsidiaries of the ECOM group (Lausanne – Switzerland). He
rejoined the firm in 1996. He was Manager of the Administrative and Finance
Division until 2001. He is Public Accountant graduated from Pontificia
Universidad Catolica del Peru, with specialization courses in Peru and abroad.
He followed the Caterpillar Leading for Growth and Profitability Program, at
the Kenan-Flagler Business School of the North Carolina University. He is
Market Representative of FERREYCORP SAA and FERREYROS SA since March 31st,
2012.
BRACAMONTE LOAYZA,
LUIS ALONSO
Peruvian,
ID No. 07225278. Business Corporate Manager since 2016.
Among 2014 and 2015 he was Investment Manager of FERREYCORP SAA. He entered the
company in 1979 and held diverse positions such as Credit & Collection
Under Management. In 1996, he became Manager of the Branch Division. Then, he
was Manager of the Agricultural and Automotive Divisions, as well as Director
and General Manager of ORVISA, among other positions. From 2012 to 2013 he was
Central Manager of Subsidiaries. He was Director and Vice President of the Lima
Chamber of Commerce – CCL in different periods. At present, he is Director of
the Peruvian Automotive Association. He is responsible for the following
subsidiaries: SOLTRAK, FARGOLINE, FORBIS LOGISTICS, FIANSA and SOLUCIONES
SITECH PERU. He is Board Member of MOTRIZA and MOTORED in Peru. He followed
studies at the University of Lima. He has specialization diplomas from ESAN and
the PAG (Senior Management Program) – Incae, Costa Rica. He holds a Master’s
degree in Marketing and Business Management from the EOI Business School –
Spain.
ESPINOSA BEDOYA, OSCAR GUILLERMO
Peruvian, ID No. 07277264.
GARCIA FIGARI DE FABBRI, MARIELA
Peruvian, ID No. 07834536.
GASTELUMENDI LUKIS, EMMA PATRICIA
Peruvian, ID No. 08775673.
DIAZ PRO, GONZALO
Peruvian, ID No. 10272577.
BARRIENTOS GONZALES, CARLOS ALFREDO
Peruvian,
ID No. 10064945. He is 41 years old. Married with two
daughters and a son. He is Bachelor in Business Administration. He followed master’s
programs and specialization courses in Management and Strategy inside and
outside the country. He has wide experience in general management, acquisition
of companies, execution of market analysis, sales target, marketing strategies,
logistics, finances and personnel management, interaction with customers and
suppliers in every level. He is responsible and proactive, capable to achieve
results, working in multifunctional teams and under pressure. He has
negotiation and interrelation skills. He speaks English. He occupies the 78th
position among 100 leader executives with the best reputation in the country.
This ranking was made by Merco and was published on 27/11/2012 in Gestion
newspaper. He was Trade Manager – Mining in Ferreyros SAA from September 2006
to January 2010.
DAVILA ALVERDI, LUTY
GUILLERMO
Peruvian, ID No.
44289203.
FERREYCORP SAA
Peruvian company with RUC 20100027292.
Address: Jr. Cristobal de Peralta Nort. No. 820, Urb. San Idelfonso, Santiago de Surco, Lima 33. Holding
company. General Manager: Mariela Garcia Figari de Fabbri.
OPERATIONS
|
SECTOR |
G- Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles |
|
ACTIVITY |
Trade of tires and others |
|
ISIC CATEGORY |
46- Wholesale, except for motor vehicles
and motorcycles |
|
ISIC CLASS |
4690- Non-specialized wholesale |
|
MAIN ACTIVITY |
Import and trade of tires, lubricants,
filters, purifiers, personal protection equipment, preventive maintenance
services for sectors of mining, construction, transport, industry, agriculture
and fishing. It trades the following brands: “3M”,
“BULLA”, “GOOD YEAR”, “MOBIL”, “FLEETGUARD”, “DONALDSON”, “MOBIUS INSTITUTE”,
“PRUFTEC”, “3 EN 1”, “BOSCH”, “ELVEK”, “KIMBERLY CLARK”, “RADIANS”, “SCOTT
SAFETY”, “WESTLAND”, “PRUFTECHNIK”, “AT PRO”, among others. |
|
% SALES IN CASH |
20% |
|
% SALES ON CREDIT |
80% (Terms of 30, 60 days) |
|
% TERRITORY OF SALES |
100% Domestic market |
|
% DOMESTIC PURCHASES |
40% |
|
% FOREIGN PURCHASES |
60% |
|
N. OF EMPLOYEES |
463 |
LOCATION.-
MAIN OFFICES: Located at the heading
address, in an industrial zone of the city. Spacious premises occupied since
04/07/2014.
Former address: Av. Industrial No. 675,
Cercado.
BRANCHES:
Pj. Las Cucardas Mza.
B, Lote 03, Urb. El Jardin, Cajamarca, Cajamarca, Cajamarca.
Av. Centenario No. 1804, Cascapampa, Ancash, Huaraz,
Independencia.
Av. De la Cultura No. 1051, Cusco, Cusco, San Sebastian.
Av. Parra No. 100, Arequipa, Arequipa, Arequipa.
Av. San Fernando Mza. 49, Lote 7A, Ucayali, Coronel Portillo,
Manantay.
Av. Alfonso Ugarte No. 207, Urb. Docarmo (via a Tingo Cercado),
Arequipa, Arequipa, Arequipa.
Av. Bolognesi B. No. 130 (Casco Urbano), Piura, Talara, Pariñas.
WAREHOUSES:
Car. Arequipa-Arcata Km. 300 Paraje Arcata (Unidad Arcata-Ares),
Arequipa, Condesuyos, Cayarani.
Asiento Minero Catalina Huanca, Ayacucho, Victor Fajardo, Canaria.
Av. Mariscal Castilla No. 4800 (Sector 26), Junin, Huancayo, El
Tambo.
Car. Desvio Camiara-Toquepala Km. 1139 (Consorcio Vial Camiara),
Tacna, Jorge Basadre, Ilabaya.
Car. Central Km. 142, Junin, Yauli,
Morococha.
Km. Unidad Minera Casapalca (Unidad Minera Casapalca 4200
m.s.n.m.), Lima, Oyon, Pachangara.
No. Unidad Minera Iscaycruz (Unidad Minera Yscaycruz 4800
m.s.n.m.), Lima, Oyon, Pachangara.
Av. Central No. 610, Ancash, Huaraz, Tarica.
Mza. F, Lote 09, P.J. Alto Islay,
Arequipa, Islay, Islay.
Cal. 9 de Setiembre No. 133, Int. 19, Ate.
Car. Panamericana Antigua DV65 Km. 71, Filadera (Comercio Camargo
Correa), Piura, Huancabamba, Canchaque.
Car. Campamento Ares Km. 250, Asiento Minero Ares (Unidad Ares),
Arequipa, Castilla, Orcopampa.
Cal. Carlos Jimenez Chavez No. 415, Lima, Chorrillos.
Cal. Omega No. 108, Z.I. Pque. Ind. y Comerc. (Parque Bancario),
Prov. Const. del Callao, Callao.
S/N No. S/N (Coordenadas
UTM 8700000 NOR.390000 Este), Junin, Yauli, Huay-Huay.
Cal. B No. S/N Urb. Ex Fundo
Oquendo (Servosa Cargo SAC), Prov. Const. del Callao, Callao.
No. S/N Campamento Minero Raura, Huanuco, Lauricocha, San Miguel
de Cauri.
Car. Chota-Bambamarca Hualgayo Km. 201, Frutillo Bajo (Hualgayoc),
Cajamarca, Hualgayoc, Bambamarca.
Av. Parra No. 100D, Arequipa, Arequipa, Arequipa.
Av. San Fernando Mza. 49, Lote 7A, Ucayali, Coronel Portillo,
Manantay.
Oropeza, Sector Churupujio, Cusco, Quispicanchi, Oropeza.
Carretera Oyon Km. 30 (Cia. Minera Buenaventura), Lima, Oyon,
Oyon.
Car. Panamericana Norte Km. 510.40 (Fundo Mar Verde), La Libertad,
Viru, Viru.
Evitamiento, Ubicación Rural (Lateral I San Isidro Cerro
Colorado), Arequipa, Arequipa, Cerro Colorado.
STORE:
Cusco Abancay No. S/N
Predio Las Fuentes, Cusco, Anta, Anta.
COMMENTS AS TO OPERATIONS.-
It operates directly.
It has three business lines: tire
management, management of lubricants and integral management of personal
protection equipment.
It imports radial tires, hoists, footwear,
gloves, filters and others.
Foreign purchases are made against direct
credit at 60, 90 days.
Main clients:
-
GOLDEN PERU BUS SAC
-
MUTIJEEVAL SAC
-
INVERSIONES H & P SOLUCIONES
EN EPI SAC
-
PROTECH DEL PERU SAC
-
COMPAÑIA MINERA HUANCAPETI SAC
-
TRANSPORTES ALCANTARA LOGISTICA
EIRL
-
MULTILLANTAS YANETT EIRL
-
IPOL PERU SAC
-
EMPRESA DE GENERACION ELECTRICA
DEL SUR SA
-
SERVICIOS MINEROS GLORIA SAC
-
C.N. MINERIA Y CONSTRUCCION SAC
-
JRC INGENIERIA Y CONSTRUCCION SAC
-
VOLCAN COMPAÑIA MINERA SAA
-
CONSORCIO MINERO HORIZONTE SA
-
CIA. DE MINAS BUENAVENTURA SAA
-
MINERA SUYAMARCA SAC
-
EMPRESA ADMINISTRADORA CHUNGAR SAC
-
AK DRILLING INTERNATIONAL SA
-
MINERA COLQUISIRI SA
-
COMPAÑIA MINERA ARES SAC
-
COMPAÑIA MINERA HUANCAPETI SAC
-
EMPRESA MINERA LOS QUENUALES SA
-
MOTA ENGIL PERU SA
-
I.C.C.G.S.A.
-
CONSORCIO CAJAMARCA
-
COSAPI SA
-
G Y M SA
-
CONALVIAS SA SUCURSAL PERU
-
JJC CONTRATISTAS GENERALES SA
-
CONSTRUÇOES E COM. CARMAGO CORREA
SA SUC.
-
CONCAR SA
-
MAMUT PERU SAC
-
SERVICIOS GENERALES SATURNO SAC
-
PETRAMAS SAC
-
DP WORLD CALLAO SRL
-
LOGISTAS SA
-
CONTRANS SAC
-
NEPTUNIA SA
-
COMUNIDAD CAMPESINA ANGO RAJU
-
AUSA OPERACIONES LOGISTICAS SA
-
EMP. DE TRANSPORTES EL SOLITARIO
SAC
-
MIXERCON SA
-
OWENS ILLINOIS PERU SA
-
EMPRESA SIDERURGICA DEL PERU SAA
-
QUIMPAC SA
-
SKF DEL PERU SA
-
FAMESA EXPLOSIVOS SAC
-
SAN FERNANDO SA
-
PRODUCTOS TISSUE DEL PERU SA
-
COMPAÑIA MINERA AGREGADOS
CALCAREOS SA
-
PLUSPETROL NORTE SA
-
ENERGIA PERUANA SAC
-
EDEGEL SAA
-
REFINERIA LA PAMPILLA SAA
-
COMPAÑIA ELECTRICA EL PLATANAL SA
-
HIDRANDINA SA
-
TECNOGAS SA
-
SERPETBOL PERU SAC
-
CONSORCIO ENERGETICO DE
HUANCAVELICA SA
-
REPUESTOS, SERVICIOS Y
MAQUINARIAS EIRL
-
PALMAS DEL SHANUSI SA
-
INDUSTRIAS DEL ESPINO SA
-
EMPRESA AGRARIA AZUCARERA
ANDAHUASI SAA
-
PALMAS DEL ESPINO SA
-
AGRICOLA CERRO PRIETO SAC
-
SOCIEDAD AGRICOLA DROKASA SA
-
AGRO INDUSTRIAL PARAMONGA SAA
-
CAMPOSOL SA
-
AGROPECUARIA LAS LOMAS DE CHILCA
SA and others.
Business hours:
-
Monday to Friday from 8.00 to 17.00 hours
-
Saturdays from 8.00 to 13.00 hours.
FOREIGN
TRADE
|
|
IMPORTS |
|
YEAR |
2018 (January-March) |
|
AMOUNT |
US$4,381,991.00 |
|
COUNTRIES |
Brazil, Canada, Chile, China, Colombia,
Germany, Guatemala, India, Japan, Mexico, Taiwan, Thailand, USA. |
|
NUMBER OF OPERATIONS |
75 |
|
|
IMPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$10,327,946.00 |
|
COUNTRIES |
India, China, USA, Colombia, Brazil, Mexico, Thailand, UK,
Malaysia, Taiwan |
|
NUMBER OF OPERATIONS |
277 |
|
YEAR |
IMPORTS |
|
AMOUNT |
2016 |
|
COUNTRIES |
US$14,785,551.81 |
|
NUMBER OF OPERATIONS |
Australia, Chile, China, Canada, Colombia, Costa Rica, France,
Germany, Guatemala, India, South Korea, Malaysia, Mexico, Sri Lanka, Taiwan,
USA, UK, Thailand |
|
|
IMPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$8,260,517.00 |
|
COUNTRIES |
UK, China, Colombia, India, Brazil, USA, Hong Kong, Germany,
Mexico, Turkey |
|
NUMBER OF OPERATIONS |
287 |
|
|
IMPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$8,738,379.00 |
|
COUNTRIES |
Japan, UK, China, Colombia, India, Brazil, USA, Hong Kong,
Germany, Mexico |
|
NUMBER OF OPERATIONS |
274 |
|
|
IMPORTS |
|
YEAR |
2013 |
|
AMOUNT |
US$7,042,981.75 |
|
COUNTRIES |
UK, China, Colombia, India, Brazil, USA, Hong Kong, Germany,
Mexico |
|
NUMBER OF OPERATIONS |
201 |
|
|
IMPORTS |
|
YEAR |
2012 |
|
AMOUNT |
US$2,373,868.93 |
|
COUNTRIES |
UK, China, Colombia, India, Brazil, USA, Hong Kong, Germany,
Mexico |
|
NUMBER OF OPERATIONS |
85 |
|
|
EXPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$29,035.00 |
|
COUNTRIES |
USA |
|
NUMBER OF OPERATIONS |
8 |
|
|
EXPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$375,868.00 |
|
COUNTRIES |
Mexico, Bolivia. |
|
NUMBER OF OPERATIONS |
4 |
|
|
IMPORTS |
|
YEAR |
EXPORTS |
|
AMOUNT |
2014 |
|
COUNTRIES |
US$5,217.00 |
|
NUMBER OF OPERATIONS |
Chile |
FINANCIAL
INFORMATION
All the information in this report has been
collected from outside sources as the head executives refused to provide any
information on grounds of confidentiality.
By outside sources, we obtained the
Balance Sheets as of 31/12/2015 and 31/12/2014 (12 months each one), expressed
in Soles as below:
|
GENERAL BALANCE |
|
|
Balance Date |
31/12/2015 |
|
Currency |
Soles |
|
Exchange Rate |
3.35 |
|
Current Total |
0.00 |
|
Net Fixed |
0.00 |
|
Total Assets |
166,799,000.00 |
|
Current Liabilities |
0.00 |
|
Non-current
Liabilities |
0.00 |
|
Total Liabilities |
126,251,000.00 |
|
Total Equity |
40,548,000.00 |
|
Total Liabilities
and Equity |
166,799,000.00 |
|
|
|
|
Balance Date |
31/12/2015 |
|
Currency |
Soles |
|
Exchange Rate |
3.35 |
|
Net Sales |
0.00 |
|
Profit |
646,000.00 |
|
Balance Date |
31/12/2014 |
|
Currency |
Soles |
|
Exchange Rate |
2.94 |
|
Current Total |
103,897,000.00 |
|
Net Fixed |
36,826,000.00 |
|
Total Assets |
140,723,000.00 |
|
Current Liabilities |
67,947,000.00 |
|
Non-current
Liabilities |
32,036,000.00 |
|
Total Liabilities |
99,983,000.00 |
|
Total Equity |
40,740,000.00 |
|
Total Liabilities
and Equity |
140,723,000.00 |
|
|
|
|
Balance Date |
31/12/2014 |
|
Currency |
Soles |
|
Exchange Rate |
2.94 |
|
Net Sales |
204,452,000.00 |
|
Profit |
961,000.00 |
|
RATIO OF THE BUSINESS YEAR 2014 |
|
|
Liquidity Index |
1.53 |
|
Working Capital |
S/.35,950,000.00 |
|
Indebtedness Ratio |
59.96% |
|
Profitability Ratio |
0.47% |
FINANCIAL COMMENTS.-
It is worthy to mention that no financial figures
corresponding to the net sales as of 31/12/2015 were found.
It reports a net worth of S/.
215,504,000.00 as of 31/12/2016.
It
reported sales for S/.265 million (US$78.6 million) during 2016, having a
significant increase compared to year 2015. During 2016, SOLTRAK strengthened
wholesales on its portfolio of industrial safety and tires, by opening
sub-frontloading channels in some products to expand coverage. Its subsidiary
SOLTRAK DEL ORIENTE, in Loreto, took on distribution of Mobil lubricants, which
helped increase sales. By mid-2016, it began its internationalization process
in Santa Cruz, Bolivia. There, it distributes a portfolio of tires and
industrial safety items of high quality for sectors that boost economy, such as
mining, gas and agriculture.
The most
significant sectors on sales were construction and mining. Its line of
industrial safe, abrasives and tools was marked by its dynamism and growth
potential. It continued providing after-sales services which include customer
service and technical support, at similar levels to those seen in 2015.
INSURANCE.-
The company takes out multi-risk insurance
policies with LA POSITIVA CIA. DE SEGUROS Y REASEGUROS SA and
RIMAC SEGUROS Y REASEGUROS SA. (Unspecified coverage amount and expiry dates).
PAYMENTS
REFERENCES
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT LIMIT |
Not current operations limit |
|
MONTHLY SALES |
Confidential |
|
CREDIT TERMS |
Drafts of 30 days |
|
PRODUCTS/SERVICES |
Confidential |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Supplier: 3M PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT LIMIT |
US$6,000.00 Dollars |
|
MONTHLY SALES |
Confidential |
|
CREDIT TERMS |
Drafts of 30 days |
|
PRODUCTS/SERVICES |
Accessories and spare parts |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Payments through banking transfers. Supplier: AUTOREX PERUANA SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
2010 |
|
CREDIT LIMIT |
Not current operations limit |
|
MONTHLY SALES |
Confidential |
|
CREDIT TERMS |
Drafts of 30, 45 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Payments through banking transfers. Average turnover of S/70,000.00 Soles Supplier: CASOR ADUANEROS SAC |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT LIMIT |
Not current operations limit |
|
MONTHLY SALES |
Confidential |
|
CREDIT TERMS |
Drafts of 30 days |
|
PRODUCTS/SERVICES |
Spare parts and machineries |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Supplier: CUMMINS PERU SAC |
|
LOCAL SUPPLIERS |
Phone Number |
Contact Name |
|
3M PERU SA |
(51-1) 224-2728 |
Rosa Palsa |
|
AUTOREX PERUANA SA |
(51-1) 706.1111 |
Pierina Vera |
|
CASOR ADUANEROS SAC |
(51-1) 613.6262 |
María Huaringa |
|
CIA. GOODYEAR DEL PERU SA |
(51-1) 517.3300 |
|
|
CUMMINS PERU SAC |
(51-1) 614.7969 |
Gisel Rodríguez |
|
KIMBERLY CLARK PERU SRL |
(51-1) 618.1800 |
Patricia Cerna |
|
CROYDON COLOMBIA SA |
(57-1) 344.1768 |
|
|
FOREIGN
SUPPLIERS |
Country |
Phone
Number |
|
ANSELL (THAILAND) COMPANY LTD |
Thailand |
(66-2) 326.0660 |
|
CHEVRON PRODUCTS COMPANY USA INC |
USA |
(1- 925) 842.3334 |
|
CLASI SAS |
Colombia |
(57-1) 593.4747 |
|
CROYDON COLOMBIA
SA |
Colombia |
(57-1) 344.1768 |
|
DONALDSON COMPANY INC. |
USA |
(1-952) 887.3700 |
|
EXXONMOBIL DE COLOMBIA SA |
Colombia |
(57-1) 628.0460 |
|
GOODYEAR DO BRASIL PRODUTOS DE BORRACHA LTDA |
Brazil |
(55-11) 3601.4733 |
|
HUBEI WANLI PROTECTIVE PRODUCTS CO. LTD |
China |
(86-27) 8551.3916 |
|
PRÜFTECHNIK ALIGNMENT SYSTEMS |
Germany |
(49-89) 996.160 |
|
SHENZHEN SAFETY ENTERPRISES LTD |
China |
(86-755) 8299.6761 |
COMMENTS OF SUPPLIERS.-
Other suppliers consulted do not provide
references about their clients on grounds of confidentiality.
BANKS
|
Bank
Name |
Country |
|
BANCO DE CREDITO DEL PERU SA |
Peru |
|
BANCO GNB PERU SA |
Peru |
|
BANCO INTERNACIONAL DEL PERU SAA |
Peru |
|
BANCO SANTANDER PERU SA |
Peru |
|
BBVA BANCO CONTINENTAL SA |
Peru |
|
BANCO DE CREDITO DEL PERU SA |
Peru |
|
BANCO GNB PERU SA |
Peru |
|
BANCO INTERNACIONAL DEL PERU SAA |
Peru |
|
BANCO SANTANDER PERU SA |
Peru |
|
BBVA BANCO CONTINENTAL SA |
Peru |
|
SCOTIABANK PERU SAA |
Peru |
BANK
REFERENCES
Consulted banks do not provide information
of their clients on grounds of confidentiality.
SUPERINTENDENCY
According to the latest bulletin as of
28/02/2018 issued by the Bank and Insurance Superintendency, the subject
receives a qualification of 100% NORMAL, based on the following information:
Corporate Credit:
-
Discounts S/.5,117,351.00
-
Loans S/.45,454,236.00
-
Financial Lease S/.18,110.00
-
Credit cards S/.1,831.00
-
Accrued current credit interests
S/.426,462.00
------------------------------------------------------------------------------------
TOTAL DEBT S/.51,017,990.00
GUARANTEES S/.7,771,064.00
------------------------------------------------------------------------------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
|
Euro |
1 |
INR 81.28 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.