|
|
|
MIRA INFORM REPORT
|
Report No. : |
508753 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRUPO SAVEA SAC |
|
|
|
|
Registered Office : |
Manzana 218 Lote. S/N Int. 1A Z.I. Zona Industrial (Espaldas Del Grifo Trompeteros) Piura, Piura |
|
|
|
|
Country : |
Peru |
|
|
|
|
Date of Incorporation : |
15.11.2006 |
|
|
|
|
Legal Form : |
Closely-Held Company |
|
|
|
|
Line of Business : |
Import, Purchase and Sale of Consumer Products and Spices |
|
|
|
|
No. of Employees : |
8 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
US$100,000.00 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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.
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. 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 2017, 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 2016-17, which helped Peru attain one of the highest GDP growth rates in Latin America, and Peru should maintain strong growth in 2018. However, economic performance was depressed by delays in infrastructure mega-projects and the start of a corruption scandal associated with a Brazilian firm. Massive flooding in early 2017 also was a drag on growth, offset somewhat by additional public spending aimed at recovery efforts.
|
Source : CIA |
Company
name and address
|
COMPANY NAME |
GRUPO
SAVEA SAC |
|
TAX ID. TYPE |
RUC |
|
TAX ID. NUMBER |
20525407714 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Manzana 218 Lote. S/N Int. 1a
Z.I. Zona Industrial (Espaldas Del Grifo Trompeteros) Piura |
|
CITY/PROVINCE/STATE |
Piura |
|
PHONE NUMBER(S) |
(51-73)
331.334 |
|
REMARKS OF
IDENTIFICATION |
Neither
website nor emails were found. |
CREDIT
OPINION
|
|
We consider the company suitable for a credit amount of US$100,000.00
Dollars due to its good equity backing. |
|
PAYMENT |
No Complaints |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Closely-held
Company |
|
INCORPORATION DATE |
15/11/2006 |
|
CITY OF
REGISTRATION |
Piura |
|
REGISTRY NUMBER |
Entry
No. 11063779 of the Registry of Legal Entities of Piura |
|
TERM |
Unlimited |
|
PAID UP CAPITAL |
S/ 899,944.00 soles |
|
LAST CAPITAL
INCREASE |
11/08/2016
(Notary: Vicente
Acosta Iparraguirre) |
|
LISTED AT STOCK
EXCHANGE |
No |
LEGAL
COMMENTS
The
capital increase was due to the capitalization of undistributed profits.
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
FLORES
BERRU, ADALBERTO |
General
Manager |
|
|
FLORES
BERRU, VICENTE EMILIO |
Director |
|
|
FLORES
BERRU, ENRIQUE |
Director |
|
|
FLORES
BERRU, ELICIA |
Director |
|
DATA
OF BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
FLORES
BERRU, ADALBERTO
Peruvian,
identified by National Identity Card No. 02893482. Born on 27/02/1971. Trader.
OPERATIONS
|
SECTOR |
G-
Wholesale and Retail; repair of Motor Vehicles and Motorcycles |
|
ACTIVITY |
Import
of consumer products |
|
ISIC CATEGORY |
47-
Retail, except motor vehicles and motorcycles |
|
ISIC CLASS |
4721-
Retail sale of food in specialized stores |
|
MAIN ACTIVITY |
Import,
purchase and sale of consumer products and spices. Commercialized
brands: “POMALCA”, “SIBARITA” |
|
% SALES IN CASH |
100% |
|
% TERRITORY OF
SALES |
100%
(domestic market: north area of the country) |
|
% LOCAL PURCHASES |
50% |
|
% FOREIGN PURCHASES |
50% |
|
N. OF EMPLOYEES |
8 |
LOCATION
ADMINISTRATIVE
OFFICES: Located at captioned address in a commercial zone of the city.
BRANCH:
Jr. San Francisco Mza. A Lote. 15 Z.I. Ex
Madederos (Ex Mercado De Abastos) Piura - Piura – Piura
COMMENTS
AS TO OPERATIONS
The
company operates directly.
Main
clients include retail stores and market stalls.
Main competitors:
FRUTOS Y ESPECIAS SA
FRUTAS
INDUSTRIAS SA
FRUTOS
HUANCHI SAC
CERES
IMPORT EXPORT EIRL
The
company imports cinnamon (cinnamomum zeylanicum blume), lentils, vegetables
(including wild vegetable): beans, peas, among other products.
FOREIGN
TRADE
|
|
IMPORTS
|
|
YEAR |
2018
(January) |
|
AMOUNT |
US$ 184,892.72 |
|
COUNTRIES |
Sri Lanka |
|
NUMBER
OF OPERATIONS |
1 |
|
|
IMPORTS
|
|
YEAR |
2017 |
|
AMOUNT |
US$ 447,809.46 |
|
COUNTRIES |
Sri Lanka, Canada |
|
NUMBER
OF OPERATIONS |
4 |
FINANCIAL
INFORMATION
All
the information comprised herein was prepared based on outside sources since
the company’s main executives declined to provide information on grounds of
confidentiality.
No
financial figures were obtained through outside sources.
FIXED
ASSETS
Vehicle
fleet
Office
furniture and furnishings
Computer
equipment
PAYMENTS
REFERENCES
|
LOCAL SUPPLIERS |
Phone Number |
Contact Name |
|
SIBARITA
PERU |
(51-1)
351.6462 |
|
|
EMPRESA
AGROINDUSTRIAL POMALCA SAA |
(51-74)
416.102 / 979350326 |
|
|
FOREIGN SUPPLIERS |
COUNTRY |
PHONE NUMBER |
CONTACT NAME |
|
PRIMESEEDS
INTERNATIONAL INC |
Canada |
(1-604)
990.2500 |
|
COMMENTS
OF SUPPLIERS
The
other local supplier consulted does not provide commercial information
regarding their clients on grounds of confidentiality.
BANKS
|
BANK NAME |
COUNTRY |
PHONE NUMBER |
|
BANCO
BBVA CONTINENTAL |
Peru |
(51-1)
595.0000 |
|
BANCO DE CREDITO DEL PERU |
Peru |
(51-1) 311.9898 |
BANK
REFERENCES
The
consulted banks do not provide information of its clients on grounds of
confidentiality.
LITIGATIONS
The
company registers the following coercive debts at the National Superintendency
of Tax Administration (SUNAT):
Debt
amount: 17,486.00
Tax
period: December 2017
Coercive
Collection Start Date: 30/01/2018
Entity:
Public Treasury
Debt
amount: 449.00
Tax
period: December 2017
Coercive
Collection Start Date: 30/01/2018
Entity:
ONP (Office of Pension Normalization)
SUPERINTENDENCY
According
to the latest bulletin as of January 2018 issued by the Bank and Insurance
Superintendency (SBS), the company receives a qualification of 100% NORMAL,
based on the following information:
-
Foreign trade credits S/ 524,034.00
-
Loans S/ 338,701.00
-
Credit Cards S/ 16,668.00
-
Accrued Current Credit Interests S/ 5,388.00
------------------------------------------------------------------------------------
TOTAL
DEBT S/ 884,790.00
------------------------------------------------------------------------------------
No
guarantees registered.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.38 |
|
|
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
|
PEN |
1 |
INR 20.40 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.