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|
|
MIRA INFORM REPORT
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Report No. : |
485658 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CENCOSUD RETAIL PERU SA |
|
|
|
|
Registered Office : |
Calle Augusto Angulo No. 130, Urbanizacion San Antonio, Miraflores, Lima 18 |
|
|
|
|
Country : |
Peru |
|
|
|
|
Financials (as on) : |
30.09.2017 |
|
|
|
|
Date of Incorporation : |
15.09.1992 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
Trade of diverse products such as groceries, liquors, hardware items,
school supplies, toys, clothing, household appliances, footwear, home items,
among others |
|
|
|
|
No. of Employees : |
13,964 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
CENCOSUD RETAIL
PERU SA |
|
TRADE NAME |
METRO/PARIS/WONG |
|
TAX ID. TYPE |
RUC |
|
TAX ID. NUMBER |
20109072177 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Calle Augusto Angulo
No. 130, Urbanizacion San Antonio, Miraflores |
|
CITY/PROVINCE/STATE |
Lima 18 |
|
PHONE NUMBER(S) |
(51-1) 626.0000 /
625.0000 |
|
FAX NUMBER(S) |
(51-1) 626.0082 /
626.0155 |
|
EMAIL |
|
|
WEBSITE |
|
|
REMARKS OF IDENTIFICATION |
This report was
requested with company name: CENCOSUD RETAIL SA. Please notice that the correct
company name is shown above. |
CREDIT
OPINION
|
|
Retail company of
recognized prestige in Peru. It is part of a strong business group from
Chile. Its operations are carried out satisfactorily. Likewise, it holds good
relations with suppliers and banks. |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Stock Company |
|
INCORPORATION DATE |
15/09/1992 |
|
REGISTERED IN |
Lima |
|
REGISTRATION |
Electronic
Certificate No. 02015935, Card No. 95122, License No. 0050 |
|
NOTARY |
Jorge E. Velarde
Sussoni |
|
DURATION |
Unlimited |
|
INITIAL CAPITAL |
S/.16,000.00 Soles |
|
PAID-UP CAPITAL |
S/.171,371,482.00
Soles |
|
LAST CAPITAL INCREASE |
26/08/2015 (Notary
Manuel Alipio Roman Olivas) |
|
TYPE OF SHARES |
Registered shares |
|
VALUE OF SHARES |
S/.1.00 |
|
LISTED AT STOCK EXCHANGE |
NO |
BACKGROUND
The company started
operations in 1992 as HIPERMERCADOS CHORRILLOS SA. Founding shareholders were
Messrs. Erasmo Wong Lu-Vega, Eduardo Wong Lu-Vega, Eric Wong Lu-Vega and Efrain
Wong Lu-Vega.
On 23/09/1996, the
company merged by absorption with SUPERMERCADOS LIMATAMBO SA, which was
dissolved taking over equity, rights and debts.
By Extraordinary
General Meeting of Shareholders held on 28/12/2001, HIPERMERCADOS METRO SA
merged by absorption with INMOBILIARIA NICOLAS ARRIOLA SAC.
By Extraordinary
General Meeting of Shareholders held on 26/12/2012, the company name was
changed from HIPERMERCADOS METRO SA to CENCOSUD RETAIL PERU SA.
On 01/02/2013, this
change was recorded at the National Tax Administration Superintendence (SUNAT),
being valid since March 2013 for its commercial activities.
According to Public
Deed dated 26/08/2015, with presence of Notary Manuel Alipio Romas Olivas, the
company absorbed the firm E. WONG SA (registered with Electronic Certificate
No. 02018039 of the Registry of Legal Entities of Lima). This last company was
dissolved without going into liquidation.
LEGAL
ASPECTS
The company made a capital
increase on 26/08/2015 before Notary Manuel Alipio Roman Olivas because it
merged with another firm.
It is fitted in with
the Tax Withholding Agents Regime (S.R. 037-2002) since 01/06/2002.
It is member of the
Lima Chamber of Commerce.
It is listed in the
National Registry of Government Suppliers.
COMMENTS
ON RELATED COMPANIES
The company is
subsidiary of CENCOSUD PERU SA, which, in turn, is subsidiary of CENCOSUD
INTERNACIONAL LTDA (Chile). This last firm indirectly owns the company in 100%.
The CENCOSUD group belongs to the Paulmann family from Germany. It has presence
in five countries and counts with 140,000 employees. Some companies that gather
this group are:
RELATED
COMPANIES
|
||
|
COMPANY
NAME |
TAX
ID. NUMBER |
COUNTRY |
|
ALMACENES METRO SA |
RUC 20110466499 |
PERU |
|
BANCO CENCOSUD SA |
RUC 20543166660 |
PERU |
|
CENCOSUD
INTERNACIONAL SA |
RUT 96.978.180-8 |
CHILE |
|
CENCOSUD RETAIL SA |
RUT 81.201.000-K |
CHILE |
|
CENCOSUD SA |
RUT 93.834.000-5 |
CHILE |
|
CINCO ROBLES SAC |
RUC 20470648997 |
PERU |
|
E.WONG SA |
|
PERU |
|
ISMB SUPERMERCADOS SA |
RUC 20501919404 |
PERU |
|
LOYALTY PERU SAC |
RUC 20381600441 |
PERU |
|
PRESTACIONES
ADMINISTRATIVAS Y DE SERVICIOS LTDA. |
RUT 78.509.620-7 |
CHILE |
|
TELEDISTRIBUCION SA |
RUC 20334461875 |
PERU |
|
TRAVEL
INTERNATIONAL PARTNERS PERU SA |
RUC 20514088374 |
PERU |
|
TRES PALMERAS SA |
RUC 20208388500 |
PERU |
|
CENCOSUD PERU SA |
RUC 20517905454 |
PERU |
|
CENCOSUD SHOPPING
CENTER SA |
|
CHILE |
|
EASY SA |
|
CHILE |
BOARD OF DIRECTORS, EXECUTIVES AND
SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
PAULMANN, HORST |
President of the
Board |
|
|
SOLER BOTTINELLI,
JAIME ALBERTO |
Director |
|
|
RODRIGUEZ COFRE,
DANIEL ALBERTO |
Director |
|
|
PARADA, JUAN MANUEL |
Director |
|
|
CAMPODONICO
CASTAÑEDA, MARIO VICENTE |
General Manager |
|
|
HOLZAPFEL DE LA
FUENTE, MATIAS |
Adm. & Fin.
Manager/Proxy |
|
|
MOREYRA MARROU,
MIGUEL MARTIN |
Proxy |
|
|
BAYLY LETTS, FELIPE |
Proxy |
|
|
VASQUEZ
VILLAVICENCIO DE GALDOS, MALENA JESUS |
Proxy |
|
|
YONG CALDERON,
PABLO MIGUEL |
Proxy |
|
|
SUMMERS COMPANY,
MAGGIE ROCIO |
Proxy |
|
|
DULANTO ARANA, JUAN
ALBERTO |
Proxy |
|
|
BLONDET DE LA
PUENTE, MIGUEL WIFREDO IGNACIO |
Proxy |
|
|
RIVAS SOLIS, MARIA TERESA EMPERATRIZ |
Proxy |
|
|
MANGIANTE, SANTIAGO ANDRES |
Proxy |
|
|
MARCOS, CRIMELLA |
Proxy |
|
|
CENCOSUD PERU SA |
Shareholder |
99.99% |
|
CENCOSUD INTERNACIONAL LTDA. |
Shareholder |
0.01% |
DATA OF BOARD OF DIRECTORS, EXECUTIVES AND
SHAREHOLDERS
MOREYRA MARROU,
MIGUEL MARTIN
Peruvian, ID No.
09344371.
BAYLY LETTS, FELIPE
Peruvian, ID No.
10219339.
CAMPODONICO
CASTAÑEDA, MARIO VICENTE
Peruvian, ID No.
10804125.
VASQUEZ VILLAVICENCIO
DE GALDOS, MALENA JESUS
Peruvian, ID No.
40857885.
YONG CALDERON, PABLO
MIGUEL
Peruvian, ID No.
40873179.
SUMMERS COMPANY,
MAGGIE ROCIO
Peruvian, ID No.
41025027.
DULANTO ARANA, JUAN
ALBERTO
Peruvian, ID No.
41552585.
BLONDET DE LA PUENTE,
MIGUEL WIFREDO IGNACIO
Peruvian, ID No.
41844770.
RIVAS SOLIS, MARIA
TERESA EMPERATRIZ
Peruvian, ID No.
42551355.
MANGIANTE, SANTIAGO
ANDRES
Alien Registration
Card No. 001030994.
MARCOS, CRIMELLA
Passport No.
13411302.
OPERATIONS
|
SECTOR |
G- Wholesale and
Retail Sale, Repair of Motors Vehicles and Motorcycles |
|
ACTIVITY |
Trade of diverse
products |
|
ISIC CATEGORY |
47- Retail, except
for motor vehicles and motorcycles |
|
ISIC CLASS |
4719- Other retail
activities in non-specialized businesses |
|
MAIN ACTIVITY |
Trade of diverse products
such as groceries, liquors, hardware items, school supplies, toys, clothing,
household appliances, footwear, home items, among others. House and
third-party brands: “METRO”, “WONG”, “D’LA CASA”, “SPLENDID”, “CREATIF”,
“CASAS Y COSAS”, “KREA”. Elaboration of
product is totally made by third parties. |
|
% SALES IN CASH |
100% |
|
% TERRITORY OF SALES |
100% (nationwide) |
|
% DOMESTIC PURCHASES |
50% |
|
% FOREIGN PURCHASES |
50% |
|
N. OF EMPLOYEES |
13,964 |
LOCATION
ADMINISTRATIVE
OFFICES & TAX DOMICILE: Located at captioned address since the
incorporation of company. It occupies an office in a three-story building of
good infrastructure. Premises on grounds of 3,000 sq.m., situated in a
commercial zone of the city. Facilities are shared with related firms.
The company has 131
establishments among stores, warehouses and branches. Some of them are
located in:
Av. Proceres de la
Independencia 1632, Nuevo San Juan, Lima 36. Tel.: (51-1) 459.9666
Av. Prolongacion Paseo
de la Republica s/n, Urb. Martinelli, Chorrillos, Lima 9, Tel.: (51-1) 467.2060
Esq. Av. Venezuela y
Av. Alfonso Ugarte, Breña, Lima 5. Tel.: (51-1) 423.5533
Esq. Av. Aviacion y
Av. Angamos, Limatambo, San Borja, Lima 41. Tel.: (51-1) 225.3175
Panamericana Norte
Esq. con Carlos Eyzaguirre, Panamericana Norte, Lima. Tel.: (51-1) 522.5288
Av. de la Marina
cuadra 25, San Miguel, Lima 32. Tel.: (51-1) 562.0303
Av. La Molina 1098,
La Molina, Lima 12. Tel.: (51-1) 437.2940
Av. Tupac Amaru
cuadra 16, Rimac, Lima 25 (next to UNI) Tel.: (51-1) 534.6604
Av. General Garzon
1337, Jesus Maria, Lima 11. Tel.: (51-1) 332.4222
Calle Las Tiendas
290, Urb.Jardin, Surquillo. Lima 34. Tel.: (51-1) 222.7473
Av. Canada 1110, La
Victoria, Lima 13.
Av. Sucre 550, Pueblo
Libre, Lima 22. Tel.: (51-1) 462.0188
Av. Gregorio Escobedo 1040, Jesus Maria, Lima 11. Tel.: (51-1) 462.0199
Av. Samuel Alcazar 600, Rimac, Lima 25. Tel.: (51-1) 483.0077
Jr. Cuzco 245-255, Cercado de Lima, Lima 1.
Av. Javier Prado Este No. 5050, La Molina, Lima 12.
Av. Raul Haya de la
Torre, Km. Int. 2.5, Z.I. Santa Anita, Lima 43.
Av. Republica de
Panama 6251, Miraflores, Lima 18. (Warehouse).
It has a total sales
area of 131,770 sq.m.
COMMENTS
OF OPERATIONS
It operates under two
formats: supermarkets and hypermarkets.
Sales are made in
cash and with credit cards.
It has an average
sales area of 6,700 sq.m., which is near to sectors B and C in order to offer
the lowest prices to its target clients. It wants to sell products in large
quantities. So that, it is located in high population density areas.
Likewise, it offers a
greater participation of inedible products in sales. It aims to provide a wide
variety of additional services such as optical shops, beauty salons, drug stores,
electronic transfers, fast food establishments and others.
Some stores are near
to movie theaters or shopping centers. Additional services seek that families
not only go to the store to buy, but also to create large consumption.
Main competitors:
HIPERMERCADOS TOTTUS
SA
SUPERMERCADOS
PERUANOS SA
SUPERMERCADOS CANDY
SA
MAYORSA SA
MAKRO MAYORISTA SA
SUPERMERCADOS VEGA SA
among others.
It imports footwear
with rubber or plastic soles, television receivers, apples, pears and quinces,
dolls and action figures, items for table or kitchen, bed items, among others.
Imports are made against direct credit at 30 and 60 days.
FOREIGN
TRADE
|
|
IMPORTS |
|
YEAR |
2017 (January –
November) |
|
AMOUNT |
US$96,240,621.54 |
|
COUNTRIES |
China, USA, Hong Kong,
Argentina, Chile, Bangladesh, Pakistan, Uruguay |
|
OPERATIONS |
4,791 |
|
|
IMPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$98,967,832.24 |
|
COUNTRIES |
Argentina, Austria,
Bangladesh, Brazil, Canada, Chile, China, Colombia, Ecuador, France, Germany,
India, Indonesia, Italy, Malaysia, Pakistan, Spain, Taiwan, Thailand, USA,
Uruguay, Vietnam |
|
OPERATIONS |
4,659 |
|
|
IMPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$92,068,322.00 |
|
COUNTRIES |
Argentina, Austria,
Bangladesh, Brazil, Canada, Chile, China, Colombia, Ecuador, France, Germany,
India, Indonesia, Italy, Malaysia, Pakistan, Spain, Taiwan, Thailand, USA,
Uruguay, Vietnam |
|
OPERATIONS |
3,969 |
|
|
IMPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$85,684,681.00 |
|
COUNTRIES |
Argentina, Austria,
Bangladesh, Brazil, Canada, Chile, China, Colombia, Ecuador, France, Germany,
India, Indonesia, Italy, Japan, Philippines, Malaysia, Pakistan, Spain,
Taiwan, Thailand, USA, Uruguay, Vietnam |
|
OPERATIONS |
4,337 |
|
|
IMPORTS |
|
YEAR |
2013 |
|
AMOUNT |
US$68,615,197.03 |
|
COUNTRIES |
Bangladesh, Chile,
Spain, China, USA, Italy, Vietnam, Indonesia, Malaysia, South Korea |
|
OPERATIONS |
3,175 |
|
|
IMPORTS |
|
YEAR |
2012 |
|
AMOUNT |
US$45,212,084.00 |
|
COUNTRIES |
Argentina,
Bangladesh, Belgium, China, Chile, Colombia, Ecuador, India, Italy, Pakistan,
Spain, Thailand, USA, Vietnam |
|
OPERATIONS |
1,044 |
|
|
EXPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$153,681.00 |
|
COUNTRIES |
Spain |
|
OPERATIONS |
2 |
FINANCIAL
INFORMATION
All the information
comprised herein was collected from outside sources in view that the head
executives refused to provide any information on grounds of confidentiality.
Through outside
sources, we obtained the Consolidated Balance Sheet of CENCOSUD INTERNACIONAL
LTDA. and subsidiaries, including the company, as of 30/09/2017 (9 months),
expressed in Chilean Pesos as below:
|
GENERAL BALANCE |
|
|
Balance Date |
30/09/2017 |
|
Currency |
Chilean Pesos |
|
Exchange Rate |
639.8 |
|
Current Total |
2,397,751,294,000.00 |
|
Net Fixed |
7,412,713,341,000.00 |
|
Total Assets |
9,810,464,635,000.00 |
|
Current Liabilities |
2,471,567,098,000.00 |
|
Non-current Liabilities |
3,386,706,616,000.00 |
|
Total Liabilities |
5,858,273,714,000.00 |
|
Total Equity |
3,952,190,921,000.00 |
|
Total Liabilities and Equity |
9,810,464,635,000.00 |
|
|
|
|
|
|
|
Balance Date |
30/09/2017 |
|
Currency |
Chilean Pesos |
|
Exchange Rate |
639.8 |
|
|
|
|
Net Sales |
2,497,535,704,000.00 |
|
Profit |
28,457,772,000.00 |
FINANCIAL
COMMENTS
Through outside
sources, we also obtained some financial figures of subject as of 31/10/2015
(10 months) as follows:
Total Assets:
S/.1,468,335,447.33 Soles
Total Equity:
S/.320,578,819.00 Soles
It is known that it
reported sales for:
2016:
US$1,543,000,000.00
2015:
US$1,407,000,000.00
During 2014, it
invested US$42,000,000.00 in (05) new premises with a total area of 25,000
sq.m.
As of October 2017,
it together with SUPERMERCADOS WONG-METRO registered 40% of market share.
It has 91
supermarkets (Wong and Metro). It aims to be a benchmark in store and online
innovation (multi-channel experience), to generate a multi-format strategy with
Metro and to improve efficiency and profitability.
Metro website was
relaunched. Wong launched an app and created a service to collect products in
car, which is used in Miraflores store.
It has 10 Paris
department stores nationwide. During Cencosud Day, it announced that it is
relaunching the brand mainly in key shopping centers of Lima and Trujillo.
Peruvian Retail
Sector Report
The economic slowdown
is shown in lower consumption growth rates and the trade sector, and in a
decrease in public and private investment.
The increase of
consumer credits is related to the use of credit cards, but with lower growth
rates.
Important Chilean
business groups lead sub-sectors of supermarkets, department stores and home
improvement.
There is a low
penetration in Peru compared to other Latin American countries. The expansion
point would be in provinces.
Retail sector growth
is still in sales and number of stores.
Efficiency increase
in the sector, in addition to an increase of sales area.
There is a reduction
of margins and a deterioration of profitability indicators compared to the last
year.
There is even a high
preference for typical markets rather than modern retailers.
Implementation of new
technologies and growth of e-commerce.
Companies will
continue their investment plans despite the economic slowdown.
New entries with
original formats increase competition in sector.
Positive prospects
for the sector, ongoing projects and investments.
Retail Sector Outlook
Shopping centers will
continue to be an attraction point. Despite economic slowdown, companies will
continue their investment plans. According to the public information available,
among new projects we include the next opening of the Mall del Sur (Wong
Group), the relaunch of the C.C. Camino Real, the C.C. Real Plaza Puruchuco
(InRetail). Likewise, it is expected that the InOutlet (Lurin) project will
open this year, according to Colliers Internacional. The Jockey Plaza plans to
issue bonds for over US$100 million to expand the shopping center. In addition,
it is expected to continue the investment in a luxury boulevard in Av. El
Bosque in San Isidro (YES Group). The ACCEP (Association ode Shopping and
Entertainment Centers of Peru) considers Peru will have 135 shopping centers
throughout the country as of 2021.
Fast fashion culture
is gaining ground: cheaper clothes with good designs inspired in luxury brands.
Sector operators had to redesign their strategies, mainly in price structure,
according to The Economist.
Discount stores are
disappearing without growth prospects unlike Colombia where they continue to
expand. At present, there is only Economax from SPSA. This format has failed
because low-income persons still prefer to buy in traditional markets or
grocery stores, which are next to their homes and offer good prices. On the
other hand, middle and upper classes go to supermarkets or hypermarkets rather
than discount stores.
There is a potential
and promising market for e-commerce use. However, due to a cultural issue, it
is unlikely that this expansion may be fast. Falabella Group considers
e-commerce as a strong, potential and expanding sector. In the 2014 Annual
Report, Falabella reported that it would continue supporting this channel
significantly in order to reach a greater customer loyalty and most cost
efficiency.
The entry of new
retail formats. In the case of Ripley, Ripley Max format is a plan that could
be implemented when Lima and other big cities of Peru have been already
attended satisfactorily, focusing on medium-sized cities. However, it is a
medium-term plan according to América Economía. Convenience stores continue to
success in Brazil. In Peru, the only existing format is in mini-markets
situated next to service stations, but the first and independent pilot
convenience stores are appearing (outside gas stations). It is expected a
greater dynamism in this sub-sector.
Sector dynamism will
continue to be related to consumer credit growth, thus to the issuance of
credit cards. This can be affected by greater decelerations due to the increase
of delinquency in these types of credits.
Alliances in home
improvement sector between large stores and hardware stores have appeared. This
has become part of a franchise to survive competition with big companies as it
is happening in Colombia, and it would be expected to happen in Peru.
Peruvian market continues
to have a low penetration of modern trade, which represents a growth potential
during the next years. According to a study made by Colliers International,
there is a promising future for the coming years.
INSURANCE
The company takes out
an insurance policy covering risk of fire, robbery, assault, vandalism, civil
unrest and others with EL PACIFICO PERUANO SUIZA CIA. DE SEGUROS Y REASEGUROS
SA. Policy is valid until December 2018. (Unspecified coverage amount).
PAYMENTS
REFERENCES
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Over 20 years ago |
|
CREDIT LIMIT |
US$100,000.00 |
|
CREDIT TERMS |
Invoices at 90 days |
|
PRODUCTS/SERVICES |
Pet food |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: RINTI SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Several years ago |
|
CREDIT LIMIT |
Confidential |
|
CREDIT TERMS |
Invoices at 30 days |
|
PRODUCTS/SERVICES |
Colgate products |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier:
COLGATE-PALMOLIVE PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Several years ago |
|
CREDIT LIMIT |
S/.1,000,000.00 |
|
CREDIT TERMS |
Invoices at 60 days |
|
PRODUCTS/SERVICES |
Not specified |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: MOLITALIA
SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Several years ago |
|
CREDIT LIMIT |
US$50,000.00
approx. |
|
CREDIT TERMS |
Invoices at 60 days |
|
PRODUCTS/SERVICES |
Food products |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: GELAFURT
SRL |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Over 10 years ago |
|
CREDIT LIMIT |
US$100,000.00
approx. |
|
CREDIT TERMS |
Invoices at 35 days |
|
PRODUCTS/SERVICES |
Gloria products |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: GLORIA SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Several years ago |
|
CREDIT LIMIT |
S/.1,500,000.00
approx. |
|
CREDIT TERMS |
Invoices at 60 days |
|
PRODUCTS/SERVICES |
Panettone |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: TODINNO SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE BUSINESS |
Several years ago |
|
CREDIT LIMIT |
US$100,000.00
approx. |
|
CREDIT TERMS |
Invoices at 60 days |
|
PRODUCTS/SERVICES |
Food products and
candies |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: ARCOR DEL PERU SA |
|
SUPPLIER |
NATIONAL |
|
START OF THE
BUSINESS |
Several years ago |
|
CREDIT LIMIT |
Confidential |
|
CREDIT TERMS |
Invoices at 60 days |
|
PRODUCTS/SERVICES |
Customs clearance |
|
RATING |
PROMPT |
|
RATING COMMENTS |
Good client. Settles through
transfers. Supplier: MONTEVERDE ADUANERA SAC |
|
LOCAL SUPPLIERS |
Phone Number |
Contact Name |
|
AJEPER SA |
(51-1) 313.3530 |
|
|
ARCOR DEL PERU SA |
(51-1) 705.6100 |
Diana Arias |
|
AUTOREX PERUANA SA |
(51-1) 706.1111 |
|
|
BRAEDT SA |
(51-1) 201.1490 |
|
|
CASOR ADUANEROS SAC |
(51-1) 613.6262 |
|
|
CIA. INDUSTRIAL
CONTINENTAL SRL |
(51-1) 326.1229 |
Karin Gil |
|
COLGATE-PALMOLIVE PERU SA |
(51-1) 213.7970 |
Patricia Bazalar |
|
CORPORACION DE INDUSTRIAS PLASTICAS SA |
(51-1) 313.4200 Ext. 4207 |
|
|
DISTRIBUIDORA DROGUERIA ALFARO SA |
(51-1) 614.4001 |
Brakson Ynca |
|
DROKASA LICORES SA |
(51-1) 411.7030 |
Rocio Tamayo |
|
EMBOTELLADORA DON JORGE SA |
(51-1) 336.5200 |
|
|
FABRICA DE CHOCOLATES LA IBERICA SA |
(51-1) 432.4143 |
Sofia Martinez |
|
GELAFRUT SRL |
(51-1) 313.0580 Ext. 118 |
Milet Ocas |
|
GLORIA SA |
(51-1) 470.7170 |
Kelly Camac |
|
GUSTAVO EGUREN SA |
(51-1) 427.4635 |
Julio Martinez |
|
ILKO PERU SA |
(51-1) 715.4000 |
|
|
INTRADEVCO INDUSTRIAL SA |
(51-1) 467.0466 |
Jorge Arrante |
|
LAIVE SA |
(51-1) 618.7600 Ext. 7305 |
Jonathan Moran |
|
LIMA CAUCHO SA |
(51-1) 317.0500 Ext. 2 |
Tairon Ruiz |
|
MOLITALIA SA |
(51-1) 706.6262 |
Hector Bejarano |
|
MONTEVERDE ADUANERA SAC |
(51-1) 469.0424 |
Madonio Diaz |
|
NESTLE PERU SA |
(51-1) 436.4040 |
|
|
PANADERIA SAN JORGE SA |
(51-1) 313.0700 |
Yenifer Lizano |
|
PERUFARMA SA |
(51-1) 711.7000 Ext. 7305 |
Jonathan Moran |
|
PROCTER & GAMBLE PERU SRL |
(51-1) 215.3300 |
|
|
RINTI SA |
(51-1) 273.6666 Ext. 114 |
Gina Vilchez |
|
TODINNO SA |
(51-1) 371.0186 |
Raul Chavez |
|
VIGAR COMERCIAL ARTICULOS DE LIMPIEZA SA |
(51-1) 458.1999 |
|
|
FOREIGN
SUPPLIERS |
Country |
|
CONSERVAS ISABEL
ECUATORIANA SA |
Ecuador |
|
RICHARDSON OILSEED LIMITED |
Canada |
|
RONDA SA |
Chile |
COMMENTS
OF SUPPLIERS
Three local suppliers
only confirmed subject as client. No further details provided.
Other consulted
suppliers do not provide trade references on grounds of confidentiality.
BANKS
|
Bank
Name |
Country |
Phone
Number |
|
BANCO CENCOSUD SA |
Peru |
(51-1) 625.0000 |
|
BANCO DE CREDITO
DEL PERU SA |
Peru |
(51-1) 311.9898 |
|
BBVA BANCO
CONTINENTAL SA |
Peru |
(51-1) 595.0000 |
|
CITIBANK DEL PERU
SA |
Peru |
(51-1) 215.2000 |
|
SCOTIABANK PERU SAA |
Peru |
(51-1) 311.6000 |
BANK REFERENCES
Consulted banks do
not provide information of their clients on grounds of confidentiality.
LITIGATIONS
No lawsuits were
filed against the company.
CENTRAL RISK
The company registers
(01) promissory note for S/.17,175.00, (01) protested check for US$10,000.00
and (06) negotiable invoices for S/.63,815.00, which have not been settled yet.
SUPERINTENDENCY
According to the
latest bulletin as of 30/11/2017 issued by the Bank and Insurance
Superintendency, the company receives a qualification of 100% NORMAL, based on
the following information:
Corporate Credits
Factoring
S/.185,255,736.00
Loans
S/.39,986,193.00
Credit cards
S/.12,236.00
Accrued current
credit interests S/.1,635,214.00
------------------------------------------------------------------------------------
TOTAL DEBT S/.226,889,379.00
GUARANTEES
S/.707,824,918.00
------------------------------------------------------------------------------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.74 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.14 |
|
PEN |
1 |
INR 19.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.