MIRA INFORM REPORT

Report No. :	495994
Report Date :	05.03.2018

IDENTIFICATION DETAILS

Name :	PC MODA S.A.C
Registered Office :	Av. Jorge Chavez No. 1046, Santiago De Surco, Lima
Country :	Peru
Date of Incorporation :	1950
Legal Form :	Closed Company
Line of Business :	Subject is a large organization in the men's and boy's clothing companies industry located in Lim.
No. of Employees :	220

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 :	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 (30.09.2017)	Current Rating (31.12.2017)
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:

PC MODA S.A.C

Trade Name:

PIERRE CARDIN PARIS

RUC:

20430772873

Date Created:

1950

Date Incorporated:

August 9th, 1999

Legal Address:

Av. Jorge Chavez No. 1046

Santiago de Surco

Lima, Perú

Operative Address:

Av. Jorge Chavez No. 1046

Santiago de Surco

Lima, Perú

Telephone:

51 2029200

51 2470650

Fax:

51 2029200

Legal Form:

Closed Company

Email:

info@pierrecardin-cases.com

Registered in:

PERU

Website:

www.pierrecardin.com

Contact:

Diaz Felman Augusto Jacobo, President

Acevedo Ostolaza Pedro Ricardo, General Manager

Staff:

220

Activity:

Commercial Activity: 51313 - Wholesale Sale of Textile Products. NAICS 1: Men's and Boys' Clothing and Furnishings Merchant Wholesalers

SIC 1: Men's And Boy's Clothing

Banks

The company does not make its banking data public

HISTORY

The company was founded in 1950

PRINCIPAL ACTIVITY

Pc Moda S.A.C. is a large organization in the men's and boy's clothing companies industry located in Lima, Peru.

Products/Services description:

PRODUCTS:

Watches & Jewellery:

Rings, bracelets, necklaces, earrings, pins and watches

Accessories:

Hats, glasses, ties, belts, gloves, shoes and also hand bags

Perfumes:

Pour Monsieur

"Choc" Perfume

"Pour Homme" Perfume

Centaure

Black By Pierre Cardin

Bleu Marine For Him And For Her

Enigme

Miss Choc

Ophélie

Rose

Paradoxe

Pour Femme, Pour Homme

Rose Cardin

Signé Cardin

Vertige Pour Femme

"Pour Femme" Perfume

Design.

Clothes – Fashion.

Brands:

Citadine

Etiqueta Negra

La Bistecca

Sales are:

Wholesale and Retail

Clients:

National and International companies and General Public

Eryf S.A. De C.V

Mexico

PIERRE CARDIN MODA MPC S.A

Ecuador

Industrial Shulk Cia Ltda

Ecuador

Suppliers:

QUART INTERNATIONAL CO., LTD.

Hong Kong

Duratex Exports

India

Industrias Haber S S A De C V

Mexico

Operations area:

National and International

The company imports from

Hong Kong, India and Mexico

The company exports to

Mexico and Ecuador

The subject employs

PERIOD	Number of Employees
2017-08	220
2017-07	222
2017-06	240
2017-05	237
2017-04	240
2017-03	244
2017-02	238
2017-01	245
2016-12	262
2016-11	256
2016-10	256
2016-09	250
2016-08	257
2016-07	249
2016-06	251

Payments:

Regular

LOCATION

Headquarters :

Av. Jorge Chavez No. 1046

Santiago de Surco

Lima, Perú

Comments:

NA

Branches:

ADDRESS	TYPE OF ESTABLISHMENT
AV. ALFREDO MENDIOLA NRO. 1400 (INTER. N-141A C.C. PLAZA LIMA NORTE) LIMA - LIMA - INDEPENDENCIA	Branch
CAL.VULCANO NRO. 120 INT. REF URB. VULCANO (LC-112) LIMA - LIMA - ATE	Branch
AV. GENERAL FELIPE SALAVERRY NRO. 2370 INT. REF (GENERAL FELIPE SALAVERRY 2370 INT LC-209) LIMA - LIMA - JESUS MARIA	Branch
CAL.CAMINO REAL NRO. 1701 (1703) LIMA - LIMA - SANTIAGO DE SURCO	Branch
AV. BRASIL NRO. 714 INT. REF (LC-128-129) LIMA - LIMA - BREÑA	Branch
AV. LARCO NRO. 671A LIMA - LIMA - MIRAFLORES	Branch
AV. ALFREDO MENDIOLA NRO. 3698 (L300-301) LIMA - LIMA - INDEPENDENCIA	Branch
AV. AMERICA OESTE NRO. 750 INT. 1006 URB. EL INGENIO (CC MALL AVENTURA PLAZA TDA 1006) LA LIBERTAD - TRUJILLO - TRUJILLO	Branch
AV. LA MARINA NRO. S/N INT. 204A (LOCAL 203-204A -C.C. PLAZA SAN MIGUEL) LIMA - LIMA - SAN MIGUEL	Branch
AV. JAVIER PRADO ESTE NRO. 4200 INT. 277 (CENTRO COMERCIAL JOCKEY PLAZA) LIMA - LIMA - SANTIAGO DE SURCO	Branch
AV. ANGAMOS NRO. 1803 INT. LC59 (C.C. OPEN PLAZA) LIMA - LIMA - SURQUILLO	Branch
AV. INCA GARCILASO DE LA VEGA NRO. 1337 INT. 1053 (CENTRO CIVICO Y COMERCIAL DE LIMA) LIMA - LIMA - LIMA	Branch
MZA. I-2 INT. 150 URB. SAN BORJA (C.C. SAN BORJA PLAZA INT. 150 - 151) LIMA - LIMA - SAN BORJA	Branch
AV. PROL. PASEO DE LA REPUBLI NRO. S/N (CC PLAZA LIMA SUR TDAS 121-123) LIMA - LIMA - CHORRILLOS	Branch
CAL.MANTARO NRO. S/N INT. V-09 (INTERSECCION AV.UNIVERSITARIA) LIMA - LIMA - SAN MIGUEL	Branch
AV. JORGE CHAVEZ NRO. 1064 LIMA - LIMA - SANTIAGO DE SURCO	Deposit
-PARCELA C-41 NRO. S/N INT. 124 LAS SALINAS (CC INOUTLET PREMIUM/AREA REMANENTE 1B) LIMA - LIMA - LURIN	Branch

Related Companies:

PIERRE CARDIN MODA MPC S.A

Ecuador

Pc Moda S.A. De C.V.

Mexico

Main Competitors:

Southern Textile Network S.A.C.

Av. Javier Prado Este 1894

Peru

Intratesa S.A.C.

Calle Los Talladores 338

Peru

Putnam Investment S.A.C.

Calle Aldabas 547

Peru

The Curl S.A.C.

Calle Los Negocios 115

Peru

Exart Import Y Representaciones Eibe E.I.R.L.

Los Incas 240 3 Piso

Peru

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. Major holder is:

ALDO VALERGA

Management:

Diaz Felman Augusto Jacobo, President

Acevedo Ostolaza Pedro Ricardo, General Manager

Valerga de la Flor Aldo Horacio, Director

FINANCIAL INFORMATION

The company does not make its financial statements public. The following information has been provided by private sources:

Exports
Anual FOB USD

2017

77,238

2016

143,569

2015

163,973

2014

38,147

2013

127,298

2012

486,387

Imports
Anual FOB USD

2017

1,406,199

2016

2,278,150

2015

1,923,115

2014

3,554,954

2013

3,052,309

2012

2,489,293

LEGAL FILINGS

OFAC

Sanctions List Search

The company is not listed in the OFAC list.

Cases

No records found

Trademakrs

Citadine

Etiqueta Negra

La Bistecca

SUMMARY

Founded in 1950, Pc Moda S.A.C. is a large organization in the men's and boy's clothing companies industry located in Lima, Peru.

The company has approximately 220 full-time employees.

It mainly imports from Hong Kong, India and Mexico and exports to Mexico and Ecuador, operating within national and international markets.

It is a subsidiary of Pierre Cardin (France).

This has been an ACTIVE company incorporated in PERU in 1999.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

Ricardo

POSITION

Administrative

COMMENTS

The man contacted confirmed name, address, RUC, experience, branches, managers and brands.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.23
UK Pound	1	INR 89.71
Euro	1	INR 79.50
PEN	1	INR 20.00

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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