MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LA CASTELLANA S.A. DE C.V. |
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Registered Office : |
Circuito de envases
Vacios, Colonia Ejidos del Moral, Delegación Iztapalapa, México D.F./Estado de
México CP 09040 |
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Country : |
Mexico |
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Date of Incorporation : |
20.08.1987 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Import and commercialization
of groceries in general, grains, dry chili and seeds. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
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Status : |
Undetermined |
IDENTIFICATION
CORRECT COMPANY NAME : LA CASTELLANA S.A. DE C.V.
TAXPAYER REGISTRATION : RFC CAS-870820-MC8
OPERATING STATUS :
Active
MAIN ADDRESS :
Circuito de envases Vacios, Colonia Ejidos del
Moral, Delegación Iztapalapa
CITY/PROVINCE/STATE :
México D.F./Estado de México CP 09040
COUNTRY : MEXICO
TELEPHONE :
(5255)5694.0081
FAX : (5255)5694.0144
E - MAIL : surtabar@prodigy.net.mx
WEB SITE : www.lacastellana.com.mx
SUMMARY
Incorporation
: 1987
Operating Status :
Active
Last Capital
: Ps$300,000.= Pesos
Finantial Situation
: UNDETERMINED
Employees
: 80 aproximadamente
QUALIFICATION
RATING : Company Refused Information
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION : 20AUG1987
REGISTERED IN :
México D.F.
DURATION : 99 years
CURRENT PAID-IN CAPITAL : Ps$.300,000.= Pesos
TYPE OF SHARES :
Nominatives
LISTED AT STOCK EXCHANGE: No
SHARE VALUE :
Ps$.1.= Peso
CURRENT EXCHANGE RATE : Ps$.10.97 per 1.00 US Dollar
COMMENTS -
The Subject is affiliated
to the National Chamber of Commerce of the city of México.
Subject's shareholder
structure was not specified.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
SAMANO VEGA, IGNACIO General Director
HERNANDEZ, FRANCISCO General
Accountant
RELATED COMPANY(IES)
Subject is related with
the following firm:
COMPANY NAME COUNTRY TAX.REG. RELATION
SURTIDORA ABARROTERA S.A.
DE C.V. MEXICO SAP-870619-KZO Related
BUSINESS
MAIN ACTIVITY .-
Import and
commercialization of groceries in general, grains, dry chili and seeds.
IMPORT : Yes From USA, Syria, Colombia, Greece and Pakistan.
EXPORT : Yes To Colombia and Venezuela.
% FOREIGN SALES(COUNTRIES) : 0.05%
% DOMESTIC PURCHASES :
80%
% FOREIGN PURCHASES :
20%
SELLING TERRITORY :
National and international market.
EMPLOYEES : 80 approximately
FACILITIES -
Use
: Administrative and commercial offices,
warehouse, registered domicile.
Remarks
and other Premises -
Their previous address
was Andador Bodega F-46, Central de Abastos, Zona Abarrotes, Delegación
Iztapalapa.
COMMENTS -
The importations of this
enterprise are carried out via lettera of credit payable at 60 days.
Exports of subject are
carried out by means of direct credit or credit at sight and/or at 30 days.
Client base of this
enterprise is basically comprised by the general public and wholesalers.
FINANCIAL INFORMATION
Mr. Francisco Hernández,
Accountant, asked us to send our request in writing so it could be presented to
management for their evaluation and approval. He promised to give us a response
in the following days, however we had not heard from him yet to moment of
preparing this report.
Information contained on
this report was obtained from outside sources and complemented with certain
data we also had available in our files. It should be mentioned although an exhaustive
search was made it was not possible to get financial statements or other
financial data for the company, and/or more trade references allowing us to
perform a better analysis.
FINANCIAL SITUATION
: UNDETERMINED
Subject's financial
Position is considered Undetermined since there is insufficient financial
figures to allow an accurate analysis on results. Absence of figures prevents
us from evaluating the relation between debts and shareholder's equity as well
as operative results and there is insufficient credit experience to know its
creditworthiness. Mostly such refusal to
show financial statements hides financial imbalance, this opinion is not
definitive
PROPERTIES OF THE COMPANY –
The assets of this
enterprise include:
- Office equipment
- Computer equipment
- Two freight vehicles
etc.
INSURANCE –
Company Against Amount
SEGUROS ATLAS S.A. All
Risk No specified
PAYMENTS RECORD
TRADE REFERENCES -
COMMENTS
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The names of their
regular local suppliers was not obtained.
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically.
Supplier
MESA AGRIPRODUCTS
LAWSUITS ? .-
No legal actions were
found filed against this company.
BANKING INFORMATION
BANKERS
Bank
BBVA BANCOMER
BANCO NACIONAL DE
MEXICO
GRUPO FINANCIERO
SANTANDER
Subject is a client of
those banks which would not provide further particulars under privacy laws in
the country.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)