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MIRA
INFORM REPORT
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Report No. : |
509479 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PLATER’S FOOD SAC |
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Registered Office : |
Jiron Felipe Santiago Crespo No. 100 (espalda cruce Av.
San Luis y Av. Arriola), San Luis, Lima 30 |
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Country : |
Peru |
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Date of Incorporation : |
19.09.2014 |
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Com. Reg. No.: |
13305865 |
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Legal Form : |
Closely-Held Company |
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Line of Business : |
·
Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles ·
Trade of spices and other products ·
Import and trade of spices,
condiments, grains, starch, vegetable stew, dried fruits and nuts, among
others ·
Wholesale of food products, beverages
and tobacco |
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No. of Employees : |
10 |
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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Maximum Credit Limit : |
US$100,000.0 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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.
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 |
Company summery
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COMPANY NAME |
PLATER’S FOOD SAC |
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TAX ID. TYPE |
RUC |
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TAX ID. NUMBER |
20566122384 |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Jiron Felipe Santiago Crespo
No. 100 (espalda cruce Av. San Luis y Av. Arriola), San Luis |
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CITY/PROVINCE/STATE |
Lima 30 |
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PHONE NUMBER(S) |
(51-1) 324.5419 |
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FAX NUMBER(S) |
(51-1) 473.1585 |
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EMAIL |
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WEBSITE |
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REMARKS OF IDENTIFICATION |
This report was requested with
address: Jr. Felipe Santiago Crespo, 100 San Luis, Lima, Peru. Please notice
that the correct address is shown above. |
CREDIT OPINION |
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Trading company with 3 years
of activity in the local market. It seems to operate normally. No detrimental
records were found. Thus, it is suitable for a credit line of US$100,000.00
Dollars. For higher amounts, pertinent guarantees are advised. |
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PAYMENT RECORDS |
No Complaints |
LEGAL INFORMATION
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TYPE OF COMPANY |
Closely-Held Company |
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INCORPORATION DATE |
19/09/2014 |
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CITY OF REGISTRATION |
Lima |
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REGISTRY NUMBER |
Certificate No. 13305865 of
the Registry of Legal Entities of Lima (01/10/2014) |
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TERM |
Unlimited |
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PAID-UP CAPITAL |
S/.8,500,000.00 Soles |
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LAST CAPITAL INCREASE |
14/06/2017 (Notary Jose
Alberto Enrique Guinand Correa) |
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TYPE OF SHARES |
Registered stock |
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VALUE OF SHARES |
S/.1.00 |
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LISTED AT STOCK EXCHANGE |
NO |
LEGAL ASPECTS.-
A capital increase due to credit
capitalization was recorded on June 14th, 2017.
BOARD OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
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PLATERO YAPUCHURA, LUCIO |
General Manager/Majority Shareholder |
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MAMANI, ROSA |
Administrator |
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DATA OF BOARD OF DIRECTORS, EXECUTIVES AND SHAREHOLDERS
PLATERO YAPUCHURA, LUCIO
Peruvian, ID No. 10874383. He
was born on June 12th, 1969. Trader. Married.
OPERATIONS
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SECTOR |
G- Wholesale and Retail;
Repair of Motor Vehicles and Motorcycles |
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ACTIVITY |
Trade of spices and other
products |
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ISIC CATEGORY |
46- Wholesale, except for
motor vehicles and motorcycles |
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ISIC CLASS |
4630- Wholesale of food
products, beverages and tobacco |
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MAIN ACTIVITY |
Import and trade of spices, condiments,
grains, starch, vegetable stew, dried fruits and nuts, among others. |
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% SALES IN CASH |
50% |
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% SALES ON CREDIT |
50% (terms at 15, 30 days) |
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% TERRITORY OF SALES |
100% (domestic market) |
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% FOREIGN PURCHASES |
100% |
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N. OF EMPLOYEES |
10 |
LOCATION.-
MAIN OFFICES: Located at the
heading address, in commercial zone of the city. Two-story own premises in
regular fair.
BRANCH: Pasaje I No. 913,
Mercado Minorista No. 1 (Av. Aviacion cdra. 3), La Victoria, Lima 3. Rented
premises.
COMMENTS AS TO OPERATIONS.-
Operations are carried out
directly.
It has a portfolio of 100
clients.
Main competitors:
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FRUTOS Y ESPECIAS SA
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DISTRIBUIDORA LUIS
MAURO SAC
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GRUPO PLATERS SAC
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MG FRUTOS SECOS SAC
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ESPECIAS DEL PERU SA
and others.
FOREIGN TRADE
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IMPORTS |
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YEAR |
2018
(January – April) |
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AMOUNT |
US$4,225,818.00 |
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COUNTRIES |
India,
Sri Lanka, Indonesia, Brazil, Spain, Chile |
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NUMBER
OF OPERATIONS |
40 |
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IMPORTS |
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YEAR |
2017 |
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AMOUNT |
US$9,119,802.00 |
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COUNTRIES |
India,
Sri Lanka, Indonesia, Brazil, Spain, Chile, USA |
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NUMBER
OF OPERATIONS |
135 |
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IMPORTS |
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YEAR |
2016 |
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AMOUNT |
US$6,657,527.00 |
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COUNTRIES |
Sri
Lanka, Chile, USA, Madagascar, Turkey |
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NUMBER
OF OPERATIONS |
95 |
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IMPORTS |
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YEAR |
2015 |
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AMOUNT |
US$3,879,199.00 |
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COUNTRIES |
Sri
Lanka, Chile, USA, Indonesia, Turkey |
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NUMBER
OF OPERATIONS |
52 |
FINANCIAL INFORMATION
In recent interview, Mrs. Rosa
Mamani (Administrator) furnished commercial information about the company,
except for financial statements on grounds of confidentiality. She only stated
that its annual sales amount to US$15,000,000.00 Dollars.
No financial statements were
obtained through outside sources.
FIXED ASSETS.-
The company owns office
furniture and fittings, containers, storage silos, computers, among others.
INSURANCE.-
No insurance policies were
reported.
PAYMENTS REFERENCES
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SUPPLIER |
NATIONAL |
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START OF THE BUSINESS |
5 years ago |
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CREDIT LIMIT |
No current operations limit |
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MONTHLY SALES |
S/.30,000.00 to S/.40,000.00 |
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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: ATENAS SAC AGENCIA
DE ADUANA |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Terms at 30 to 60 days |
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PRODUCTS/SERVICES |
Almonds |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$338,676.00 Supplier: AGRICOLA BALLERINA
CHILE LIMITADA |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Terms at 30 days |
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PRODUCTS/SERVICES |
Walnuts, plum |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018: US$307,181.00 Supplier: AGRO-PRODEX
INTERNACIONAL SA |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Not specified |
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PRODUCTS/SERVICES |
Linseed |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$13,467.00 Supplier: BROADGRAIN
COMMODITIES INC. |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Terms at 30 days |
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PRODUCTS/SERVICES |
Black pepper |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$182,364.00 Supplier: CARNEIRO MENDONCA
INDUSTRIAL E EXPORTADORA LTDA. |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Terms at 30, 60 days |
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PRODUCTS/SERVICES |
Whole cinnamon |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$1,515,629.00 Supplier: GRUPO CANELA PVT
LTD. |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Not specified |
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PRODUCTS/SERVICES |
Whole cinnamon |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$201,478.00 Supplier: NEW DEHARA TRADING
COMPANY PVT LTD. |
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SUPPLIER |
FOREIGN |
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START OF THE BUSINESS |
Several years ago |
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CREDIT LIMIT |
Not specified |
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CREDIT TERMS |
Terms at 30, 60 days |
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PRODUCTS/SERVICES |
Whole cinnamon |
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RATING |
PROMPT |
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RATING COMMENTS |
Accrued purchases as of 2018:
US$372,111.00 Supplier: SAMAGI SPICE EXPORTS
PVT LTD. |
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LOCAL SUPPLIERS |
Phone Number |
Contact Name |
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ATENAS SAC AGENCIA DE ADUANA |
(51-1) 420.0126 |
Christian Crespo |
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FOREIGN SUPPLIERS |
Country |
Phone Number |
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AGRICOLA BALLERINA CHILE
LIMITADA |
Chile |
(56-2) 2925.3036 |
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AGRO-PRODEX INTERNACIONAL SA |
Chile |
(56-2) 2654.2800 |
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BROADGRAIN COMMODITIES INC. |
Canada |
(1-416) 504.0070 |
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CARNEIRO MENDONCA INDUSTRIAL E
EXPORTADORA LTDA. |
Brazil |
(55-272) 338.0144 |
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ESPECIAS MORIANA SL |
Spain |
(34-957) 968.8868 |
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GRUPO CANELA PVT LTD. |
Sri Lanka |
(1-562) 407.2643 |
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JABS INTERNATIONAL PVT LTD. |
India |
(91-22) 2778.4500 |
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NEW DEHARA TRADING COMPANY PVT
LTD. |
Sri Lanka |
(94-11) 230.8100 |
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PT BUMI SARIMAS INDONESIA PT |
Indonesia |
(62-751) 482.229 |
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SAMAGI SPICE EXPORTS PVT LTD. |
Sri Lanka |
(94-41) 228.3326 |
COMMENTS OF SUPPLIERS.-
Other consulted suppliers do not
provide trade references on grounds of confidentiality.
BANKS
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Bank Name |
Country |
Phone Number |
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BANCO DE CREDITO DEL PERU SA |
Peru |
(51-1) 311.9898 |
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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.
SUPERINTENDENCY
According
to the latest bulletin as of 31/03/2018 issued by the Bank and Insurance
Superintendency, the company receives a qualification of 100% NORMAL, based on
the following information:
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Credits to Medium-Sized Companies
Foreign trade credits S/.4,463,244.00
Discounts S/.808,731.00
Loans S/.484,050.00
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Accrued current credit interests S/.40,319.00
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TOTAL
DEBT S/.5,796,344.00
GUARANTEES
S/.8,922,986.00
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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|
1 |
INR 89.89 |
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Euro |
1 |
INR 70.00 |
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PEN |
1 |
INR 20.67 |
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 : |
KET |
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.