Delivery Date: May 10, 2019
Update Date: Mar 06, 2019

Mercantil del Consumidor S.A.

ACTIVE

Address	Av. La Encalada 1420 Of. 802 Lima 33 Peru
Telephone(s):	(+51) 1 7055100
D-U-N-S Number:	93-457-5531

Identification

D-U-N-S Number:
93-457-5531
Trading Style:
MERCANTIL
ID Type:
RUC
Country Tax ID:
20101281371
Ubigeo:
150101

Telephone(s):
(+51) 1 7055100
(+51) 1 2009400

E-Mail:
contacto@mdc.com.pe
Website:
www.mdc.com.pe

Summary

Type of Business:
Corporation
Control Type:
Privately Held Registered Company
Established:
1987
Line of Business:
Plastics pipe

Current Control:
2007
Primary SIC:
3084-0000
Imports:
Yes
Exports:
Yes

Employees:
207
Principal:
Luis Manuel Rosales Santisimo
Chairman of the Board

Mercantil del Consumidor S.A.

Términos de uso

Notificar un problema de Maps

Mapa

Satélite

Address

Av. La Encalada 1420 Of. 802 Lima 33 Peru

Risk Evaluation

Credit Risk Indicator	2
D&B Rating	4A 2
Payments	Prompt
Record	Recorded protested drafts

Financial Summary

Sales	S/ 98,390,028
Net Worth	S/ 25,140,845
Capital	S/ 6,500,000
Condition	Good

Legal Actions

Law Suit(s)

N/A

Payments Information

Payment Record(s)	11
Payments Information	Prompt

Information Management

Managers

Currency

All monetary amounts quoted in this report are shown in S/ (Sol) unless otherwise stated.

Risk Assessment

Risk Indicator

Low Risk (1)

High Risk (4)

Risk Level of the Company is : LOW

D&B Rating

Financial Strength

Based on Net Worth

Risk Indicator

Satisfactory (Low expectation risk)

Former Rating

Financial Strength

Based on Net Worth

Risk Indicator

Satisfactory (Low expectation risk)

The Dun & Bradstreet Rating of 4A Good indicates:

Financial Strength of USD 10,000,000 to 49,999,999 based on net worth.
A Risk Indicator which is Satisfactory (Low expectation risk).

Trade Payment Summary (USD)

Value Bands	No of Exp	Total Value	Within Terms	1-30 Days	31-60 Days	61-90 Days	91+ Days
>$50,000	4	3,000,000	100%	0%	0%	0%	0%
$10,001 - $50,000	3	85,000	100%	0%	0%	0%	0%
$2,501 - $10,000	0	0	0%	0%	0%	0%	0%
$1,001 - $2,500	0	0	0%	0%	0%	0%	0%
$501 - $1,000	0	0	0%	0%	0%	0%	0%
$100 - $500	0	0	0%	0%	0%	0%	0%
<$100	1	0	100%	0%	0%	0%	0%
TOTAL	8	3,085,000	100%	0%	0%	0%	0%

The USD amounts represented above may be the result of converting S/ or other currency types to USD to facilitate their joint interpretation.

Trade Payment Experiences

D&B obtains payment references from local and international suppliers. References listed below may be from either or both sources. Amounts may be rounded to the nearest figure in prescribed ranges.

Date	Paying Record	Curency	High Credit	Payments Terms	Last Sale
Apr 02, 2018	Ppt	PES	5,000	30	Jan 01, 2016
Apr 02, 2018	Ppt	USD	30,000	20	Jun 01, 2016
Apr 02, 2018	Ppt	USD	1,000,000	60	Jun 01, 2016
Apr 02, 2018	Ppt	USD	500,000	90
Dec 01, 2017	Ppt	PES	5,000	30
Dec 01, 2017	Ppt	USD	25,000	20
Dec 01, 2017	Cash	USD	0	30	Dec 01, 2017
Sep 29, 2017	Ppt	PES	5,000	30	Dec 01, 2016
Sep 29, 2017	Ppt	USD	30,000	20	Dec 01, 2016
Sep 29, 2017	Ppt	USD	500,000	90
Sep 29, 2017	Ppt	USD	1,000,000	60	Dec 01, 2016

Payment references contained in this report may have been obtained from the same source in different months and monetary units. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.

Protest Drafts Payable

Central of risk consulted on Mar 06, 2019 reports that as of Feb 28, 2019 recorded protests

2018: 1 por US$ 782.

Geo Bravo Impresiones S.A.C.

Banks

Bank Name:	Banco de Credito
Location:	Peru
Account(s):	1910612153063; 191081135

Bank Name:	Scotiabank Peru S.A.A.
Account(s):	286141; 1251636

Bank Name:	Banco Interbank
Account(s):	2003000167736; 20030001

Major banks are:

SBS

Sources of the National Financial System (SBS), as of Mar 06, 2019 report:

Qualification:

Account	S/	US$
Debt to the financial system at: Dec 31, 2018	18,806,447	0
Debt to the financial system at: Dec 31, 2017	19,132,389	0
Debt to the financial system at: Dec 31, 2016	14,590,230	0

Last SBS rating: DIC 2018, DIC 2017, DIC 2016 Normal 100%.

SBS by Entities

Debt Structure

Creditor	Current Credits	Qualification
Banco de Credito	9,323,221	Normal
Banco Interbank	6,898,577	Normal
Scotiabank Peru S.A.A.	1,807,307	Normal

Definition of SBS Rating according to days lag

According to days of delay	Commercial Credits	Consumer Credits and Microenterprises	Mortgage Credits
Normal	0	0 - 8	0 - 30
Potential Problem	1 - 60	9 - 30	31 - 90
Deficient	61 - 120	31 - 160	91 - 120
Doubtful	121 - 365	61 - 120	121 - 365
Lost	> 365	> 120	> 365

Protest Drafts Receivable

Central of risk consulted on Mar 06, 2019 reports that at Feb 28, 2019 the following protests:

Regularizados: 15 por S/. 18,958; 88 por US$ 703,004.

No Regularizados: 32 por S/. 41,579; 66 por US$ 76,862.

Current Investigation

Investigation Information

In an interview conducted on Mar 06, 2019 Rosaura Quinonez Valiente

History

Background

Corporation started on Dec 07, 1987 and registered at Public Registry, Lima, Lima, constituted under Electronic Record, No. 00635219. Notary Public Ernesto Ortiz Zevallos

Duration: undefined.

It was started in 1987.

Under structure from 2018.

Under present object from 2019.

Under present control from 2007.

Status Absorbed by fusion.

Social Capital

Current Capital:	S/ 6,500,000
Initial Capital:	S/ 390,000

Capital Distribution

Shares of this corporation are owned by the following:

Shareholders	Stock Qty	Stock Type	% Capital
Mr. D&B LTD PRUEBA2 PRUEBA3			77.00
Dun & Bradstreet do Brasil S.A.			13.00
D&B United Kingdom Co LTD (United Kingdom)			7.00
D&B (Taiwan) LTD. (Taiwan)			3.00

The Company has a total of 4 shareholders.

Corporate Structure

Parent

The subject is a subsidiary of:

Name:	D&B LTD.
D-U-N-S:	31-411-2999
Location:	492 Koller Street, ,San Francisco, United States

Subsidiaries

The subject company has 1 subsidiaries including:

Name:	Distribuidora Exportadora Mercantil S.A.C.
Controlled in:	99.99%

Affiliates

Affiliate	Dun & Bradstreet do Brasil S.A.
D-U-N-S:	93-407-9999

Affiliate	Fabrica Exitosa de Tuberias S.A.
D-U-N-S:	93-407-9999
City:	Lima
Founded in:	1945

Affiliate	Ceramica de Calidad Santisimo S.A.C.
D-U-N-S:	93-479-2222
City:	Lima
Founded in:	1995

Principals

Management is competent

Name:	Mr. Luis Manuel Rosales Santisimo
Charge:	Chairman of the Board Representative legal
Document type:	Passport Number
Document Number:	100140515

Name:	Roberto Farfan Romero
Charge:	Director Agent
Document type:	D.N.I
Document Number:	05263668

Name:	Maribel Grandez Bronsino
Charge:	Director Agent
Document type:	D.N.I
Document Number:	05153728
Job Title:	Ingeniero Industrial

Name:	Armando Rivadeneyra Pardo
Charge:	General Manager

Name:	Gilberto Chamochumbi Castillo
Charge:	Administration & Finance

Name:	Rosaura Quinonez Valiente
Charge:	Accounting

Name:	Luis Mejia Patron
Charge:	Merchandising

Name:	Alfonzo Rimarachin Cortez
Charge:	Purchasing

Name:

George Test Test

Operations

Type of Services

FABRICANTE DE TUBOS Y ACCESORIOS DE PVC, CPVC Y DUCTOS PARA

SIC: 3084 - 0000 - Plastics pipe
SIC: 3089 - 0311 - Hardware, plastics

Fabricante de tuberias de PVC, HDPE, CPVC y Ribloc, tubos de polietileno, tanques de rotomeldeq, reembolsado de pegamento y accesorios de PVC.Proveedores extranjeros: Reden (Italia), Trimoli (Argentina), Duramex (Chile), South Products Corporation (USA).

Production

Operates at 90% of capacity.

Market

In this country, the investigated company is considered a leader in this field.

Trademarks

Distributes under registered brand(s).

Brand	Product Type	% of Sales
Trimoli, Grondit, Supertubo

Sales

Sales territory is principally this country and other foreign countries.

Sales Terms:

Net 45 days
Cash (30%)
Bills of exchange (70%)

Has approximately 800 client(s).

Sells to private enterprises.

Main Customers

Sells principally to:

D&B LTD.

Purchases

Purchases from national suppliers 30%. Imports 70%

Imports principally from:

United States, 80%
Ecuador, 20%

Employees

Employs 207 includes 177 permanent and 30 eventual.

Insurance

Name	Rimac Seguros y Reaseguros

Name	Pacifico Compania de Seguros y Reaseguros S.A.

Location

Branches

Including:

Type of installation:	A warehouse
Location:	Av. Buenavista 993, Jose Luis Bustamante y Rivero, Arequipa, Peru
Details:	Maintains a a warehouse.

Type of installation:	A warehouse
Location:	Mz. P Lt. 22, Urb. Las Violetas, Tacna, Peru
Details:	Maintains a a warehouse.

Type of installation:	An agency
Location:	Av. Americanito 2444, Urb. Santa Martha, Trujillo, Peru
Details:	Maintains a an agency.

Type of installation:	An agency
Location:	Carretera Lambayeque Km. 777 (Cent. Lambayeque), Lambayeque, Peru
Details:	Maintains a an agency.

Type of installation:	An agency
Location:	Av. Huanca 274 (Sector 03 El Tambo), Huancayo, Junin, Peru
Details:	Maintains a an agency.

Type of installation:	An agency
Location:	Car. Panamericana Sur Km. 310 Fundo San Pedro (Lot, Lima, Peru
Details:	Maintains a an agency.
Comments:	Area construida 7,059.72m2.

Type of installation:	A warehouse
Location:	Av. Gamboa Km. 3.6 Urb. San Agustin y Nemesio, Callao, Peru
Details:	Maintains a a warehouse.

Type of installation:	A warehouse
Location:	Calle M 123, Urb. Bocablanca, Callao, Peru
Details:	Maintains a a warehouse.

Type of installation:	A warehouse
Location:	Av. Argelia 1633, Callao, Peru
Details:	Maintains a a warehouse.

Type of installation:	A warehouse
Location:	Av. Argelia 2313, Callao, Peru
Details:	Maintains a a warehouse.

Type of installation:	A warehouse
Location:	Av. Argelia 1777, Callao, Peru
Details:	Maintains a a warehouse.

Type of installation:	An agency
Location:	Av. Huanca 850, Tambo, Huancayo, Junin, Peru
Details:	Maintains a an agency.

Type of installation:	An agency
Location:	Av. San Martin de la Conde 192, Urb. San Pedrito, Ica, Peru
Details:	Maintains a an agency.

Type of installation:	An agency
Location:	Km. 1.9 Variante de Putumayo, Sacha, Arequipa, Peru
Details:	Maintains a an agency.

Type of installation:	An industrial building
Location:	Almacen: Av. La Paz Mz.M Lt.99-H, Asoc. Santa Mari, Lima 15, Peru
Details:	Maintains a an industrial building.
Comments:	Con 1,050 m2 de area construida.

Facilities

At this address the subject company maintains headquarters location.

Building Type: adapted for the company's purposes

Constructed of brick.

Located in commercial zone.

Financial Information

Comparatives

Particulars	Fiscal Dec 31, 2016 single units S/	Fiscal Dec 31, 2017 single units S/	Fiscal Dec 31, 2018 single units S/
Current Assets	35,400,399	37,192,026	36,016,634
Inventory	21,841,038	22,958,617	21,010,591
Current Liabilities	36,970,707	28,163,801	26,054,576
Working Capital	-1,570,308	9,028,225	9,962,058
Non-Current Assets	6,944,037	6,225,941	5,789,473
Fixed Assets	5,307,428	5,491,393	5,379,400
Total Assets	42,344,436	43,417,967	41,806,107
TOTAL LIABILITIES	39,137,313	29,017,666	26,748,417
LONG TERM LIABILITIES	2,166,606	853,865	693,841
Net Worth	15,532,195	20,797,763	25,140,845
Net Sales	87,633,718	91,300,587	98,390,028
NET INCOME	4,248,271	7,848,857	6,255,063
Profit Margin : Net Income / Sales	4.848%	8.597%	6.357%

HISTORICAL PERFORMANCE: BALANCE SHEET

Balance Sheet

On Mar 06, 2019 suministró información general, así como cifras financieras de los años 2016, 2017 y 2018 (PDT SUNAT o Auditadas).

	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018
Cash & cash equivalents	3,055,734	2,198,828	2,687,526
Trade receivables	10,364,389	11,883,812	12,132,767
Accounts receivable before Prov.	10,364,389	11,883,812	12,132,767
Inventory	21,841,038		21,010,591
Inventory in Transit		22,958,617
Prepaid Expenses & Others	139,238	150,769	185,750
Active Current	35,400,399	37,192,026	36,016,634
Real Estate, Plant and Equipment	5,307,428	5,491,393	5,379,400
Others	300,262	105,698	113,845
Deferred Assets	1,336,347	628,850	296,228
Active No Current	6,944,037	6,225,941	5,789,473
Total Active	42,344,436	43,417,967	41,806,107
Bank Obligations	12,758,140	8,779,081	9,691,201
Trade payables	12,758,140	8,779,081	9,691,201
Other accounts payable - trade	11,454,427	10,605,639	6,672,174
Current Liabilities	36,970,707	28,163,801	26,054,576
Liabilities Long Term	1,810,866	349,672	27,679
Others	355,740	504,193	666,162
Non-current Liabilities	2,166,606	853,865	693,841
Total Liabilities	39,137,313	29,017,666	26,748,417
Capital Stock	6,500,460	5,980,000	6,500,000
Additional capital		520,460	459
Reserve	1,571,764	1,196,000	1,196,000
Result of the excersice	4,248,271
Net Worth	15,532,195	20,797,763	25,140,845
Total Liabilities and Net Worth	54,669,508	49,815,429	51,889,262

HISTORICAL PERFORMANCE: PROFIT & LOSS

Profit & Loss

	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018
Sales	87,633,718	91,300,587	98,390,028
Sales Costs	67,830,751	66,887,773	75,853,344
Gross Profit	19,802,967	24,412,814	22,536,684
Operating Expenses	-13,275,386	-12,641,427	-12,909,076
Result of Operation	6,527,581	11,771,387	9,627,608
Financial Expenses	-2,921,138	-5,069,083	-6,125,666
Financial Income	2,949,873	3,898,390	5,318,986
Income Taxes	-3,123,100	-3,959,959	-3,274,821
Profit (Loss)	4,248,271	7,848,857	6,255,063

Liquidity Ratios

Profitability Ratios

Indebtedness Ratio

Efficiency Ratios

Ratios

Particulars	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018
LIQUIDITY RATIOS
Current Ratio	0.96 times	1.32 times	1.38 times
Quick Ratios	0.37 times	0.51 times	0.58 times
General Liquidity	1.08 times	1.50 times	1.56 times
INDEBTEDNESS RATIO
Short Term Debt-to-Equity	238.03 %	135.42 %	103.63 %
Debt-to-Equity	251.98 %	139.52 %	106.39 %
EFFICIENCY RATIOS
Collection Period	42.58 days	46.86 days	44.39 days
Asset Turnover	0.28 times	0.21 times	0.17 times
Inventory Turnover	3.11 times	2.91 times	3.61 times
Fixed Assets to Net Worth	34.17 %	26.40 %	21.40 %
PROFITABILITY RATIOS
Gross Margin	22.60 %	26.74 %	22.91 %
Operating Margin	7.45 %	12.89 %	9.79 %
Profit Margin	4.85 %	8.60 %	6.36 %
Return on Assets	10.03 %	18.08 %	14.96 %
Return on Net Worth	27.35 %	37.74 %	24.88 %

Partial Finances

Partial Balance (S/)

	Jan 31, 2019
Cash and Cash Equivalents	3,058,947
Third and Related Commercial Accounts Receivable	12,332,390
Merchandise	29,336,487
Assets for Income Tax	2,457,854
Services and Others Contracted by Anticipated	116,072
Deferred	309,290
Active Current	47,611,040
Assets Acquired in Financial Leasing	5,123,324
Investments in Intangibles	92,540
Active No Current	5,307,701
Total Active	52,918,741
Bank overdrafts	11,954,006
Trib. and Contributions to the System Pension and Health	1,224,585
Accounts Payable Third and Related Commercial	1,271,238
Deferred liabilities	666,164
Current Liabilities	20,936,219
Non-current Liabilities	0
Total Liabilities	20,936,219
Social capital	6,500,000
Issuance Premiums	460
Unrealized Results	1,300,000
Result of the excersice	4,182,812
Net Worth	29,203,659
Total Liabilities and Net Worth	50,139,878

Profit & Loss (S/)

	Jan 31, 2019
NET SALES	79,697,998
Sales cost	62,352,302
Operational expenses	-10,744,554
Result of Operation	6,601,142
Financial Expenses	-6,481,775
Financial Income	5,415,322
Income tax	-2,134,159
Net result from the exercise	4,182,811

Ratios

	Jan 31, 2019
Current index	2.27
Indebtedness current assets	0.72
Profitability of the net worth	14.32 %
Financial dependence	39.56 %

Conclusion

The overall financial condition of the subject company is considered Good.

Annual Sales from 01 ENE 2018 to 31 DIC 2018 was S/ 98,390,028.

Net Worth of this business, as of 31 DIC 2018 was S/ 25,140,845.

Appendices

Customer Service

Should you require any further information or have any questions, please contact your local Customer Service Representative. Subscribers of Peru, please contact:

CIAL Dun & Bradstreet

Av. La Encalada 1420 Oficina 802

Lima 33 - Peru

Tel: +51 (1) 705-5111

Email: csc@cialdnb.com

Website: www.cialdnb.com

Inquiries should always contain the below minimum details:

Full Company Name
Full Headquarters Address
Telephone Number
Business Identification Number
Contact Name
Reference
Order Date

Exchange Rate

The registered values correspond to the last working day of each year. For further information about macroeconomic variables of this country, please consult the International Risk and Payment Review, a D&B's monthly publication.

D&B Rating Glossary

The following ratings are available for businesses in Peru:

D&B Rating - The D&B® Rating in Peru consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on Net Worth of a current fiscal balance sheet. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. The table below contains the values for the D&B Rating in Peru.

Financial Strength Indicator

Range USD	Composition of Credit Risk

Net Worth	Capital Social	From	To	Solid	Satisfactory	Acceptable	Limited
5A	5AA	50,000,000	And above	1	2	3	4
4A	4AA	10,000,000	49,999,999	1	2	3	4
3A	3AA	1,500,000	9,999,999	1	2	3	4
2A	2AA	750,000	1,499,999	1	2	3	4
1A	1AA	375,000	749,999	1	2	3	4
A	AA	188,000	374,999	1	2	3	4
B	BB	94,000	187,999		2	3	4
C	CC	47,000	93,999		2	3	4
D	DD	24,000	46,999		2	3	4
E	EE	12,000	23,999		2	3	4
F	FF	6,000	11,999		2	3	4
G	GG	0	5,999		2	3	4
O	Balance not available.

Risk Indicator	Condition	Interpretation
1	Solid	Minimum expectation of risk
2	Satisfactory	Low expectation risk
3	Acceptable	Risk Slightly Over the Average
4	Unfavourable	Significant Risk - To review carefully
S	Services	Not Applicable - No Assigned condition
-	Undetermined	Insufficient information to assign a Rating

Alternate Ratings Used
NQ	Cease of Operations
NB	New Business - Generally less than 2 years and six months
O	No financial statement or not up to date financial statement
N4	Negative Net Worth
BR	Branch of Local Company
-	Unable to locate - Non Commercial Report

Confidentiality

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© Rights Reserved 2005 Dun & Bradstreet. All Rights Reserved. This report, which is authorized for the exclusive use of D&B Customers, through a contract, and to be used as an instrument of business decision, contains information compiled from different sources on which D&B has no control and have not been verified unless otherwise specified in this report. Dun & Bradstreet does not assume any of the user's business risks; does not guarantee the accuracy, integrity and timeliness of the information and shall not be liable in tort, contract or otherwise for any loss, damage or injury resulting from the use of this information, even if caused by Dun & Bradstreet's negligence. Dun & Bradstreet declare that this report has been made under the prescriptions of the Argentine Data Protection Law Number 25.326, and that the agreement of the data owners has been required in such cases that was necessary (articles 5th, 6th and 26th of the Law).