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MIRA INFORM REPORT
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Report No. : |
509506 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
INVERSIONES PACIFICO TRADING EIRL |
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Registered Office : |
Calle Arequipa No. 1140
(Detrás Colegio San Martin De Porres), Tacna |
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Country : |
Peru |
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Date of Incorporation : |
01.12.2017 |
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Legal Form : |
Limited Liability Sole Proprietorship |
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Line of Business : |
Import and Trade of Spare Parts of Bicycles and Bicycles. |
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No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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. 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.
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Source
: CIA |
CONFIDENTIAL
REPORT
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COMPANY NAME |
INVERSIONES PACIFICO TRADING EIRL |
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TAX ID. TYPE |
RUC |
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TAX ID. NUMBER |
20602703917 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Calle Arequipa No. 1140 (detrás
Colegio San Martin de Porres) |
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CITY/PROVINCE/STATE |
Tacna |
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PHONE NUMBER(S) |
(51) 9629.05334 |
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E-MAIL |
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REMARKS OF
IDENTIFICATION |
No website was found. This report was requested with company name: INVERSIONES PACIFICO
TRADING, and address: Calle Arequipa 1140 Tacna. Please note that the correct
data is shown above. |
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CREDIT
OPINION
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Trading company was 5 months in the market. It seems to operate
normally. In absence of local credit experience, we suggest to deal all
operations under fully secured terms. |
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PAYMENT RECORDS |
Unknown |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Limited Liability Sole Proprietorship |
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INCORPORATION
DATE |
01/12/2017 |
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REGISTERED IN |
Tacna |
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TERM |
Unlimited |
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INITIAL CAPITAL |
S/.20,000.00 Soles |
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LISTED AT STOCK
EXCHANGE |
NO |
LEGAL ASPECTS.-
The registration information could not be obtained from direct nor
outside sources.
BOARD
OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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SUCASAIRE MAMANI, HIPOLITO |
Manager |
YES |
DATA
OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
SUCASAIRE MAMANI, HIPOLITO
Peruvian, ID No. 00464983. He was born on February 2nd, 1942.
He has stake in the following firms:
FIGHTER BIKE SAC (RUC No. 20601200067) – Peru
WORLD BIKE SAC (RUC No. 20601199921) – Peru
OPERATIONS
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SECTOR |
G- Wholesale and Retail; Repair of Automotive Vehicles and Motorcycles |
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ACTIVITY |
Spare parts of bicycles and bicycles |
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ISIC CATEGORY |
45- Wholesale and retail, repairs of automotive vehicles and
motorcycles |
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ISIC CLASS |
4540- Sale, maintenance and repair of motorcycles and its parts,
pieces and accessories |
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MAIN ACTIVITY |
Import and trade of spare parts of bicycles and bicycles. |
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% SALES IN CASH |
100% |
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% TERRITORY OF
SALES |
100% (Tacna and Lima) |
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N. OF EMPLOYEES |
2 |
LOCATION.-
ADMINISTRATIVE & SALES OFFICES: Located at the heading address, in a
business zone of the city. Rented premises occupied since 22/12/2011. Premises
with an area of 9 sq.m.
Former address: Calle Arequipa No. 1050, Tacna.
BRANCHES:
Jiron Renovacion No. 257,
La Victoria, Lima 13. Rented premises with a land area of 16 sq.m., located in a business zone
of the city.
Jiron 8 de Noviembre No. 850, Cercado, Manco Capac (Cercado Manco
Capac), Puno, San Roman, Juliaca.
Avenida Ejercito No. 26-B, Cercado, Cuzco. Rented premises.
COMMENTS OF
OPERATIONS. –
It started operations on December 12th, 2017.
It operates directly being its main client the public in general.
It does not have activities of foreign trade.
FINANCIAL
INFORMATION
In recent interview, Mr. Hipolito Sucasaire (Manager) furnished
commercial information about the company, except for financial statements on
grounds of confidentiality. He only stated that its monthly sales amount to
US$10,000.00 Dollars.
No financial statements were obtained through outside sources.
INSURANCE. –
It does not hold any insurance policy with any company.
PAYMENTS
REFERENCES
COMMENTS OF
SUPPLIERS.-
The company does not have credit experience in the local market.
BANKS
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Bank Name |
Country |
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SCOTIABANK PERU SAA |
Peru |
BANK
REFERENCES
Consulted bank does not provide information of its clients on grounds of
confidentiality.
LITIGATIONS
No detrimental records against company name.
SUPERINTENDENCY
According to the latest bulletin as of 30/11/2017 issued by the Bank and
Insurance Superintendency, the company does not register any debt neither it
has guarantees.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.50 |
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PEN |
1 |
INR 20.66 |
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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PRI |
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Report Prepared
by : |
TPT |
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
·
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.