MIRA INFORM REPORT

Report No. :	485081
Report Date :	11.01.2018

IDENTIFICATION DETAILS

Name :	TEJIDOS SAN PEDRO DE UNICACHI SAC
Registered Office :	Jr. Francia Nro. 1577 Int. 202 (Dentro De Galeria San Pedro En Gamarra) Lima - Lima - La Victoria, Lima
Country :	Peru
Date of Incorporation :	1989
Legal Form :	Closed Anonymous Company
Line of Business :	The company is dedicated to the Wholesale of Textile Products, Clothing and Footwear.
No. of Employees :	14

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd 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 :	Slow but Correct
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

STATUTORY INFORMATION
Legal Name:	TEJIDOS SAN PEDRO DE UNICACHI SAC
Trade Names:	TEJESANPEDEUNISAC
RUC:	20122840981
Date Created:	1989
Date Incorporated:	30/04/1993
Legal Address:	JR. FRANCIA NRO. 1577 INT. 202 (DENTRO DE GALERIA SAN PEDRO EN GAMARRA) LIMA - LIMA - LA VICTORIA, LIMA, PERU
Operative Address:	Jr. Francia Nro. 1577 Int. 202 (Dentro de Galeria San Pedro en Gamarra), La Victoria, Lima, Peru
Telephone:	3631313 4781543
Fax:	-
Legal Form:	Closed Anonymous Company
Email:	-
Registered in:	PERU
Website:	The company does not have a website.
Contact:	Mamani Uchasara Facundo – General Manager
Staff:	14
Activity:	NAICS Code 314999 All Other Miscellaneous Textile Product Mills SIC Code 2299 Textile Goods, Not Elsewhere Classified
Banks
The company does not disclose its banking details.
History
The company was founded in 1989.
PRINCIPAL ACTIVITY
The company is dedicated to the Wholesale of Textile Products, Clothing and Footwear.
Products/Services description:	The company offers Cotton, Fabrics and Yarn Products.
Brands:	TEJIDOS SAN PEDRO DE UNICACHI
Sales are:	Wholesale
Clients:	Retailers
Suppliers:	Narendra Cotton Ginning & Pressing Precot Meridian Indo Industries Ltd M S. Maruti Exports Kctex International Limited
Operations area:	National
The company imports from	INDIA SINGAPORE
The company exports to	No export found.
The subject employs	14 employees
Payments:	Slow but correct
LOCATION
Headquarters :	Jr. Francia Nro. 1577 Int. 202 (Dentro de Galeria San Pedro en Gamarra), La Victoria, Lima, Peru
Comments on Address:	-
Branches:	AV. MANUEL C DE LA TORRE NRO. 350 Z.I. LOS FICUS LIMA - LIMA - SANTA ANITA AV. PROLG HUANUCO NRO. 1789 INT. 104 (GALERIA SAN MIGUEL-TIENDA 104) LIMA - LIMA - LA VICTORIA
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We were not able to confirm major holders.
Management:	Mamani Uchasara Facundo – General Manager Arhuata Coarita Sebastiana – Director Mamani Arhuata Efrain Grover – Director
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
Annual Imports FOB USD
2017	422,589
2016	621,846
2015	534,499
2014	552,378
2013	448,674
2012	568,576
LEGAL FILINGS
CASES	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Founded in 1989, Tejidos San Pedro de Unicachi S.A.C is an organization in the All Other Miscellaneous Textile Product Mills Industry headquartered in Lima, Peru. The company has 14 regular employees. It operates nationally, mainly importing from India and Singapore. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Slow but correct
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Juan Carlos Rojas
POSITION	Manager of the manufacturing facility
COMMENTS	He confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the General Manager.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.83
UK Pound	1	INR 86.28
Euro	1	INR 76.14
PEN	1	INR 19.73

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SYL

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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.