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MIRA INFORM REPORT
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Report No. : |
485767 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
COMERCIALIZADORA DE
METALES LUZ SOCIEDAD COMERCIAL DE RESPONSABILIDAD LIMITADA |
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Registered Office : |
Jiron Jauregui No. 500 (a espaldas de Colegio San Roman), Juliaca, San Roman, Puno |
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Country : |
Peru |
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Date of Incorporation : |
03.12.2011 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Extraction and trade of gold. |
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No. of Employees : |
7 |
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 |
COMERCIALIZADORA DE
METALES LUZ SOCIEDAD COMERCIAL DE RESPONSABILIDAD LIMITADA |
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TRADE NAME |
CDML SRL |
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TAX ID. TYPE |
RUC |
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TAX ID. NUMBER |
20448437061 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Jiron Jauregui No. 500 (a espaldas de Colegio San Roman), Juliaca |
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CITY/PROVINCE/STATE |
San Roman, Puno |
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PHONE NUMBER(S) |
(51) 968.604.939 |
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EMAIL |
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REMARKS
OF IDENTIFICATION |
No website was found. This report was requested with company name: COMERCIALIZADORA DE
METALES LUZ S CRL, and address: Jr. Jauregui No. 500, Jualiaca, San Roman,
Puno. Please notice that the correct data is shown above. |
CREDIT
OPINION
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Industrial company with 6 years in the market, deemed to be operating
normally. No detrimental were found. For higher amounts, pertinent guarantees
are advised. |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Limited Liability Partnership |
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INCORPORATION
DATE |
03/12/2011 |
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CITY OF
REGISTRATION |
Juliaca |
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REGISTRY NUMBER |
Card No. 0101, Certificate No. 11103520 of the Registry of Legal
Entities of Juliaca |
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NOTARY |
Roger Salluca Huaraya |
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TERM |
Unlimited |
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INITIAL CAPITAL |
S/.56,200.00 Soles |
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PAID-UP CAPITAL |
S/.56,200.00 Soles |
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TYPE OF SHARES |
Shares |
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VALUE OF SHARES |
S/.10.00 |
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LISTED AT STOCK
EXCHANGE |
NO |
BOARD OF DIRECTORS, SENIOR EXECUTIVES AND
SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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QUISPE SUCACAHUA, LUZMILA |
General Manager |
32% |
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QUISPE SUCACAHUA, DAVID |
Under Manager |
26.7% |
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ORTIZ, FIDEL |
Administrator |
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QUISPE SUCACAHUA,
ELIZABETH |
Partner |
23.13% |
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QUISPE SUCACAHUA, PERCY
BRAULIO |
Partner |
18.17% |
DATA OF BOARD OF DIRECTORS, EXECUTIVES AND
SHAREHOLDERS
QUISPE SUCACAHUA, LUZMILA
Peruvian, ID No. 02420074. She was born on July 19th, 1965.
QUISPE SUCACAHUA, DAVID
Peruvian, ID No. 02443976. He was born on September 30th, 1976.
OPERATIONS
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SECTOR |
B- Exploitation of Mines and Quarries |
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ACTIVITY |
Extraction and trade of gold |
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ISIC CATEGORY |
08- Exploitation of other mines and quarries |
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ISIC CLASS |
0899- Exploitation of other mines and quarries |
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MAIN ACTIVITY |
Extraction and trade of gold. |
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% SALES IN CASH |
100% |
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% FOREIGN SALES |
100% |
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% DOMESTIC
PURCHASES |
100% |
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N. OF EMPLOYEES |
7 |
LOCATION
ADMINISTRATIVE OFFICES: Located at the heading address, in commercial
zone of the city. Premises in regular fair.
BRANCH: Av. Principal Mza. J, Lote
01, C.P. La Rinconada (Barrio San Francisco), Puno, San Antonio de Putina,
Putina.
COMMENTS
AS TO OPERATIONS
CORPORATE PURPOSE: Wholesale of metal and metallic minerals.
Operations are carried out directly.
Main competitors:
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A & S
MINERA SAC
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A&M GOLD METAL TRADING SAC
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ALENCOR SAC
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ANA MARIA
CALLISSIANI SAC
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ANDINA MINERAL OVERSEAS TRADING
SAC
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ASTUMIN SAC, among others.
It exports gold and costume jewelry, among others.
FOREIGN
TRADE
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IMPORTS |
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YEAR |
2017 (January – November) |
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AMOUNT |
US$71,466,399.22 |
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COUNTRIES |
India |
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NUMBER OF
OPERATIONS |
55 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$3,001,101.40 |
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COUNTRIES |
India, United
Arab Emirates |
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NUMBER OF
OPERATIONS |
5 |
FINANCIAL
INFORMATION
In recent interview, Mr. Fidel Ortiz (Administrator) furnished
commercial information about the company, except for financial statements on
grounds of confidentiality.
No financial statements were obtained through outside sources.
INSURANCE
No insurance policies were reported.
PAYMENTS
REFERENCES
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SUPPLIER |
NATIONAL |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
No current operations limit |
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CREDIT TERMS |
Terms at 15 days |
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PRODUCTS/SERVICES |
Customs clearance |
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RATING |
PROMPT |
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RATING COMMENTS |
Supplier: M & D SOLUCIONES LOGISTICAS SAC AGENCIA DE AD. |
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LOCAL SUPPLIERS |
Phone Number |
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M & D SOLUCIONES LOGISTICAS SAC AGENCIA DE AD. |
(51-1) 575.1180 |
BANKS
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Bank Name |
Country |
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BANCO DE CREDITO DEL PERU SA |
Peru |
BANK
REFERENCES
Consulted bank does not provide information of its clients on grounds of
confidentiality.
LITIGATIONS
No lawsuits were filed against the company.
SUPERINTENDENCY
According to the latest bulletin issued by
the Bank and Insurance Superintendency, the company does not register any debts
in the national territory.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.98 |
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1 |
INR 88.13 |
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Euro |
1 |
INR 78.35 |
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Pen |
1 |
INR 19.87 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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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
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Promoters
/ Management background
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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.