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MIRA INFORM REPORT
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Report No. : |
484802 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
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Name : |
IMPORTADORA Y DISTRIBUIDORA TALIA S.A.C. |
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Registered Office : |
Calle Antonio Raimondi Nro. 370 Urb. San
Jose Prov. Const. Del Callao - Prov. Const. Del Callao - Bellavista |
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Country : |
Peru |
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Date of Incorporation : |
18.07.1990 |
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Legal Form : |
Closed Stock Company |
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Line of Business : |
The subject is engaged in the importation and trade of focuses and
headlights for automotive and mining use |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Peru |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
COMPANY
NAME AND ADDRESS
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COMPANY NAME |
IMPORTADORA Y DISTRIBUIDORA TALIA S.A.C. |
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TAX ID. TYPE |
RUC |
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TAX ID. NUMBER |
20101126138 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle Antonio Raimondi Nro. 370 Urb. San Jose
Prov. Const. Del Callao - Prov. Const. Del Callao - Bellavista |
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CITY/PROVINCE/STATE |
Callao 2 |
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PHONE NUMBER(S) |
(51-1) 451.6663 – 452.3054 – 99401.3510 |
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FAX NUMBER(S) |
(51-1) 464.5930 |
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EMAIL |
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WEBSITE |
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REMARKS OF
IDENTIFICATION |
This report was requested as IMPORTADORA Y DISTRIBUIDORA TALIA SA and with
address: Calle Antonio Ratmondi 370 Urb. San Jose. Prov. Const. Del Callao,
which is closed. Please notice that the correct data is shown above. |
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CREDIT
OPINION |
|
Importing Company of spare parts with 25 years in the market and deemed
to be operating normally in a competitive market. It also has a good
relationship with its suppliers and banks. |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Closed Stock Company |
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INCORPORATION
DATE |
18/07/1990 |
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CITY OF
REGISTRATION |
Lima |
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REGISTRY NUMBER |
80794 Certificate 03027568 of the Registry of Legal Entities of Lima |
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TERM |
Indefinite |
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CURRENT SHARE
CAPITAL |
S/.3,592,000.00 Soles |
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DATE OF INCREASE |
01/08/2017 |
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TYPE OF SHARES |
Registered shares |
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SHARES VALUE |
S/.1.00 Sol (each) |
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LISTED AT STOCK
EXCHANGE |
No |
BACKGROUND.-
Initially it was
established as IMPORTADORA Y
DISTRIBUIDORA TALIA SA. Then on 13/03/2000 it changed its name for the current
one.
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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AZA ZUÑIGA, CARMEN AURORA |
General Manager |
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AYULO AZA, MANUEL DANIEL |
Proxy |
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PAREDES, OSCAR |
Management Assistant |
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DATA
OF BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
AZA ZUÑIGA CARMEN AURORA
Peruvian, ID 09076293. Date of birth 25/02/1949
AYULO AZA MANUEL DANIEL
Peruvian, ID 09277880. Date of birth 12/01/1967
OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Motor Vehicles and Motorcycles |
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ACTIVITY |
Trade of automotive accessories |
|
ISIC CATEGORY |
45- Wholesale and Retail; Repair of Vehicles and Motorcycles |
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ISIC CLASS |
4530- Sales of Parts and Accessories for Motor Vehicles |
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MAIN ACTIVITY |
The subject is engaged in the importation and trade of focuses and
headlights for automotive and mining use. |
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% SALES IN CASH |
20% |
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% SALES ON
CREDIT |
80% (terms at 30-60 days) |
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% TERRITORY OF
SALES |
100% (domestic market) |
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% FOREIGN PURCHASES |
100% |
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N. OF EMPLOYEES |
10 |
LOCATION.-
ADMINISTRATIVE OFFICE and SALES OFFICES: Located at
caption address in an urban zone of the city with easy access. Three-story
premise occupied since 03/09/2004. Previously located at Av. General Garzon Nro.
946 Lima-Lima-Jesus Maria.
Other premises:
STORAGE
-
Calle Antonio Raimondi Nro. 370 Urb. San Jose Prov.
Const. Del Callao - Prov. Const. Del Callao – Bellavista
COMMENTS
AS TO OPERATIONS
The company operates directly.
Business Hour: Monday to Friday from 9:00 a.m. at 6:00
p.m. / Saturdays from 9:00 a.m. at 1:00 p.m.
Third Party Brands: AUTOPAL
Main Clients:
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COMPANY SHANGHAI CENTER EIRLTDA
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CORPORACION KIOSAKY SAC
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ELIMPORT INVERSIONES SRLTDA
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IMPORTACIONES Y REPRESENTACIONES SJIF SAC
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JJ MASLUCAN EIRLTDA
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M & S RELAMPAGO EIRLTDA
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REYES ESPADA MANUEL JESUS
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Among others
Main Competitors:
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AUTOSLED SA
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GRUPO SAFARI
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IMPORTACIONES REAL AUTOMOTRIZ SA
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Among others
The company imports
street lighting or visual signaling devices, road lights, electric lighting
devices, etc. (direct credit 30 days).
FOREIGN
TRADE
|
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IMPORTS |
|
YEAR |
2017
(January-November) |
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AMOUNT |
US$1,630,590.20 |
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COUNTRIES |
Germany, Taiwan, India, Poland, Colombia, China, South Korea, Brazil,
Japan |
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NUMBER OF
OPERATIONS |
24 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$1,531,424.62 |
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COUNTRIES |
Germany, Taiwan, India, Poland, Colombia, China, South Korea, Brazil,
Japan |
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NUMBER OF
OPERATIONS |
26 |
|
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IMPORTS |
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YEAR |
2015 |
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AMOUNT |
US$1,886,190.03 |
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COUNTRIES |
Germany, Taiwan, India, Poland, Colombia, China, South Korea, Brazil,
Japan |
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NUMBER OF
OPERATIONS |
25 |
|
|
IMPORTS |
|
YEAR |
2014 |
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AMOUNT |
US$1,734,753.02 |
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COUNTRIES |
Germany, Taiwan, India, Poland, Colombia, China, South Korea, Brazil,
Japan |
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NUMBER OF
OPERATIONS |
24 |
|
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IMPORTS |
|
YEAR |
2013 |
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AMOUNT |
US$1,877,804.80 |
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COUNTRIES |
Germany, Taiwan, India, Poland, Colombia, China, South Korea, Brazil,
Japan |
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NUMBER OF
OPERATIONS |
25 |
FINANCIAL
INFORMATION
We had an interview with Mr. Oscar Paredes (Management Assistant) who
provided commercial information of the company except for financials on grounds
of confidentiality.
No financials were found through external sources.
FIXED ASSETS.-
The company owns:
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Office furniture
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Computer equipment
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Vehicles fleet
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Tools, etc.
PAYMENTS
REFERENCES
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SUPPLIER |
DOMESTIC |
|
START OF THE BUSINESS |
Many years ago |
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CREDIT LIMIT |
No operation limit |
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CREDIT TERMS |
30 days |
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PRODUCTS/SERVICES |
Customs agency |
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RATING COMMENTS |
PROMPT |
|
COMMENTS |
Payments through bank deposits Supplier: ESMES S A AGENTES AFIANZADOS DE ADUANA |
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LOCAL SUPPLIERS |
Phone Number |
Contact Name |
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ESMES S A AGENTES AFIANZADOS DE ADUANA |
(51-1) 465.2569 |
Pilar Toledo |
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FOREIGN
SUPPLIERS |
Country |
Phone Number |
Contact Name |
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MULTIPARTES DE COLOMBIA S.A.S. |
Colombia |
(57-2) 687.2080 |
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COMMENTS OF SUPPLIERS.-
Others suppliers
consulted do not provide commercial information regarding clients on grounds of
confidentiality.
BANKS
|
Bank Name |
Country |
Phone Number |
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BANCO BBVA CONTINENTAL |
Peru |
(51-1) 595.0000 |
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BANCO DE CREDITO DEL PERU |
Peru |
(51-1) 311.9898 |
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BANCO INTERAMERICANO DE
FINANZAS- BANBIF |
Peru |
(51-1) 625.3333 |
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SCOTIABANK PERU SAA |
Peru |
(51-1) 311.6000 |
BANK
REFERENCES
Consulted Banks do
not provide information of its clients on grounds of confidentiality.
LITIGATIONS
According to the National Superintendency of Tax Administration (SUNAT), the company does not report any coercive debts or tax omissions
SUPERINTENDENCY
According to the
latest official report from Peruvian Banking and Insurance Superintendence
(SBS) as of November 2017, the company is rated as 100% NORMAL, based on the
following information:
Medium-Sized
Companies Credits
- Loans S/.2,442,534.00
- Foreign
trade credits S/.1,962,620.00
-
Discounts S/.503,637.00
Accrued interests on
current credits S/.45,667.00
---------------------------------------------- -----------------------------------
TOTAL
DEBT S/.4,954,459.00
GUARANTEES
S/.9,138,445.00
==================================================
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
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PEN |
1 |
INR 19.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.