|
|
|
MIRA INFORM REPORT
|
Report No. : |
483723 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
VETA DE ORO DEL PERU SAC |
|
|
|
|
Registered Office : |
Av. Pablo Carriquirry No.868 Dpto.402 (Alt. cdra.5 de Av. Canaval y Moreyra) San Isidro, Lima 27 |
|
|
|
|
Country : |
Peru |
|
|
|
|
Date of Incorporation : |
29.11.2010 |
|
|
|
|
Legal Form : |
Closely Held-Company |
|
|
|
|
Line of Business : |
Subject is engaged in Wholesale of metals and
metallic minerals. |
|
|
|
|
No. of Employees : |
34 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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, 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 55% of the country's total exports. Growth slipped from 2014 to 2016, 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, which helped Peru attain one of the highest GDP growth rates in Latin America, and Peru should maintain strong growth in 2017. However, 2016 economic performance fell short of initial projections depressed by delays in infrastructure mega-projects and the start of a corruption scandal associated with a Brazilian firm, which have lowered 2017 growth estimates. Massive flooding in early 2017 may also be a drag on growth, offset somewhat by additional public spending aimed at recovery efforts.
|
Source
: CIA |
Company
name and address
|
COMPANY NAME |
VETA DE ORO DEL PERU SAC |
|
TAX ID. TYPE |
RUC |
|
TAX ID. NUMBER |
20538405745 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Av. Pablo Carriquirry No.868 Dpto.402 (Alt. cdra.5
de Av. Canaval y Moreyra) San Isidro |
|
CITY/PROVINCE/STATE |
Lima 27 |
|
PHONE NUMBER(S) |
(51-84) 228.692/245.207 |
|
WEBSITE REMARKS OF IDENTIFICATION |
www.vetadeoro.com.pe (under
construction) This report was ordered with company name VETA DE
ORO DE PERU SAC and with address Av. Pablo Carriquirry No.868 Dpto.402, Lima.
Please be noted that the correct company name and address of the subject are
as shown above. |
|
CREDIT
OPINION |
|
Exporter company of minerals. We estimate that this
is operating successfully in a highly competitive market. Thus, |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Closely Held-Company |
|
INCORPORATION DATE |
29/11/2010 |
|
REGISTERED IN |
Lima |
|
REGISTRATION NOTARY DURATION |
Certificate No.12582662 of the Registry of Legal
Persons of Lima (30/11/2010) Indefinite |
|
PAID-UP CAPITAL CAPITAL INCREASE |
S/.570,000.00 Soles 16/09/2014 (Notary: Jorge Luis Gonzales Loli)
increased its capital by contribution in cash |
|
TYPES OF SHARES SHARE VALUE |
Registered Shares S/.1,000.00 Sol each one |
|
LISTED AT STOCK EXCHANGE |
NO |
BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
|
|
BEJAR GIRALDO, SOFIA |
General Manager |
|
DATA OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
BEJAR GIRALDO, SOFIA
With ID.40549447
OPERATIONS
|
SECTOR |
G- Wholesale and retail, repairs of automotive
vehicles and motorbikes |
|
ACTIVITY |
Metals and metallic minerals |
|
ISIC CATEGORY |
46- Wholesale except for motor vehicles and
motorbikes |
|
ISIC CLASS |
4662- Wholesale of metals and metalliferous minerals.
|
|
MAIN ACTIVITY |
Wholesale of metals and metallic minerals. |
|
% SALES IN CASH |
100% |
|
% TERRITORY OF SALES |
20% (National market) |
|
% FOREIGN SALES |
80% |
|
N. OF EMPLOYEES |
34 |
LOCATION.-
TAX DOMICILE, ADMINISTRATIVE OFFICES: Located at
caption address. Premises with 2 floors located in a business zone of the city
with gray iron bars. They are kept in good repairs. Premises are occupied since
10/10/2011.
It was previously located at Av. J.P. Fernandini
No.934, Breña, Lima.
BRANCHES:
Km. 108 Com.Virg.De La Candelaria
(Carr.Transoceanica Pto.Mdo./Cusco Km 108) Madre De Dios-Tambopata – Inambari.
Av. Principal Nro. S/N Comunidad
De Punkiri Chic (Junto A La I.E.B.R. Punkiri Chico) Madre De Dios - Manu- Madre
De Dios.
Plazoleta Pueblo Unido Nro. S/N
A.H. Pueblo Unido (Esquina Plazoleta) Madre De Dios - Manu – Huepetuhe.
Av. Inambari Nro. S/N (Frente A
La Plaza) Madre De Dios - Tambopata – Inambari.
Jr. Inambari Mza. C Lote. 3
(Bajada Puerto Fluvial) Madre De Dios - Tambopata – Laberinto.
Cal.Cusco Nro. S/N (Carretera
Cusco Amasuco) Cusco - Quispicanchi – Ocongate.
Jr. Libertad Nro. 611 Urb.
Quillabamba Cusco - La Convencion - Santa Teresa.
Plaza De Armas Nro. S/N Nueva
Expansion Urbana (Cerca A La Municipalidad) Madre De Dios - Manu – Huepetuhe.
Av. 11 De Agosto Nro. S/N A.H.
Pueblo Unido (Av. Principal) Madre De Dios - Manu - Madre De Dios.
COMMENTS
OF OPERATIONS.
Its corporate purpose is the wholesale of metals and
metallic minerals.
It operates directly being its main client: ACTIVOS
MINEROS SAC.
Its main competitors are:
MINERA YANACOCHA SRL
CONSORCIO MINERO HORIZONTE SA
COMPAÑÍA AURIFERA RETAMAS SA
CIA MINERA SAN SIMON SA
MINERALES DEL SUR S.R.L
AURIMETAL E.I.R.L, etc.
The subject exports gold and jewelry.
FOREIGN
TRADE
|
|
EXPORTS |
|
YEAR |
2017 (January-November) |
|
AMOUNT |
US$135,614,500.25 |
|
COUNTRIES |
India, USA, United Arab
Emirates, Italy |
|
OPERATIONS |
50 |
|
|
EXPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$189,923,635.26 |
|
COUNTRIES |
USA |
|
OPERATIONS |
63 |
|
|
EXPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$107,983,471.38 |
|
COUNTRIES |
USA |
|
OPERATIONS |
54 |
|
|
EXPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$ 460,800.31 |
|
COUNTRIES |
USA |
|
OPERATIONS |
04 |
|
|
EXPORTS |
|
YEAR |
2013 |
|
AMOUNT |
US$135,614,500.25 |
|
COUNTRIES |
USA |
|
OPERATIONS |
02 |
FINANCIAL
INFORMATION
This report has been developed from external sources
due to main executives were on collective vacations.
From external sources, we could not obtain financial
figures.
Its annual production of gold in ounces:
Year 2014, 67,000 ounces
Year 2013, 77,000 ounces
Year 2012, 61,000 ounces
Year 2011, 45,000 ounces
Year 2010, 20,000 ounces
MAIN ASSETS.-
Equipment, office furniture, computer equipment, fleet
of vehicles.
INSURANCE. –
Unspecified insurance policy.
PAYMENTS
REFERENCES
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Since more than 2 years |
|
PRODUCTS/SERVICES |
Customs Agency |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Since several years
|
|
PRODUCTS/SERVICES |
Customs |
LOCAL
SUPPLIERS
|
Phone Number |
Contact person |
|
AGENCIA AFIANZADA DE ADUANA
J.K.M SAC |
(51-1)574.0298 |
Evelyn Guerrero |
|
MEGA CUSTOMS LOGISTIC
SAC-AGENCIA DE ADUANA |
(51-1)456.3531 |
Judith Alegria |
BANKS
|
Bank Name |
Phone
number |
|
BANCO
DE CREDITO DEL PERU SA |
(51-1)311.9898 |
BANK
REFERENCES
Consulted Bank does not provide information of its clients
on grounds of confidentiality.
LITIGATIONS
The subject does not register coercive debts neither
tax omissions before SUNAT.
SUPERINTENDENCY
According to the latest bulletin as of 30/11/2017 issued
by Bank and Insurance Superintendency, the company does not register any bet
neither it has guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
|
PEN |
1 |
INR 19.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KET |
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.