MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SURTIDORA ABARROTERA S.A. DE C.V. |
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Registered Office : |
Zona 1,Nave 2, Bodega 5
E-33, Colonia Central de Abastos (entre las Calles De Pasillo 2 y Pasillo 3),
México D.F./Estado de México CP 09040 |
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Country : |
Mexico |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
03.07.1973 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Imports, purchases and
sells grains, seeds, dry chilis, birdseeds, corn, lentil, peas, linseed,
oats, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : SURTIDORA ABARROTERA S.A.
DE C.V.
TAXPAYER REGISTRATION : RFC SAB-870619-KZO
OPERATING STATUS :
Active
MAIN ADDRESS :
Zona 1,Nave 2, Bodega 5 E-33, Colonia Central
de Abastos
(entre
las Calles De Pasillo 2 y Pasillo 3)
CITY/PROVINCE/STATE :
México D.F./Estado de México CP 09040
COUNTRY : MEXICO
TELEPHONE
: (5255)5694.0081
FAX : (5255)5694.0144
COMMENTS -
Complete Address: Zona
1,Nave 2, Bodega 5 E-33, Colonia Central de Abastos (entre las Calles De Pasillo
2 y Pasillo 3), Delegación Iztapalapa, México D.F./Estado de México CP 09040.
SUMMARY
Incorporation
: 1973
Operating Status :
Active
Last Capital
: Ps$4,900,000.= Pesos (suscrito y pagado)
Shareholders' Equity : Ps$50,056,434.= Pesos
(31.12.2006)
Annual Sales
: 144,810,847.00 Pesos
Finantial Situation
: SATISFACTORY
Employees
: 24
QUALIFICATION
RATING : Excellent
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION : 03JUL1973
REGISTERED IN :
México D.F.
NOTARY OFFICE :
No.9
REGISTRATION :
Book 3, Volume 873, Page 255, under Nº 208
CURRENT PAID-IN CAPITAL : Ps$4,900,000.= Pesos
(issued and paid-in)
SHAREHOLDERS' EQUITY : Ps$50,056,434.= Pesos (31/12/2006)
CURRENT EXCHANGE RATE : Ps$10.93 per USD1
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
SAMANO GUEMES, JOSE President
SAMANO VEGA, IGNACIO Secretary 49%
SAMANO VEGA, JOSE ANDRES
MARTIN Treasurer
49%
HERNANDEZ TAPIA,
FRANCISCO General Accountant
WHO IS WHO ?
SAMANO GUEMES, JOSE
NATIONALITY : Spaniard
BORN : 20DEC1936
TAXP.
REGISTRY : RFC SAGC410621CV3
Associated as per our database to :
Company Title Tax. Reg. Country
SAMANO GUEMES, CELESTINO Owner/Manager
SAGC410621CV3 MEXICO
SURTIDORA ABARROTERA DE GUADALAJARA SA DE C Shareholder SAG-970711-3K6 MEXICO
SURTIDORA DEL BAJIO S.A. DE C.V. Shareholder SBA-890717-GK7 MEXICO
SAMANO VEGA, IGNACIO
NATIONALITY : Mexican
BORN : 24JUL1971
Associated as per our database to :
Company Title Tax. Reg.
Country
LA CASTELLANA S.A. DE
C.V. General Director CAS-870820-MC8 MEXICO
SURTIDORA DEL BAJIO S.A.
DE C.V. Shareholder SBA-890717-GK7 MEXICO
SAMANO VEGA, JOSE ANDRES MARTIN
NATIONALITY : Mexican
BORN : 26JUN1973
Associated as per our database to :
Company Title Tax. Reg. Country
MEXICANA DE VIVERES MSV
SA DE CV Director MVM-040127-9V1 MEXICO
SURTIDORA ABARROTERA DE
GUADALAJARA SA DE C Shareholder SAG-970711-3K6 MEXICO
SURTIDORA DEL BAJIO S.A.
DE C.V. Shareholderl SBA-890717-GK7 MEXICO
RELATED COMPANY(IES)
COMPANY NAME COUNTRY
TAX.REG. RELATION
LA CASTELLANA S.A. DE
C.V. MEXICO
CAS-870820-MC8 Related
SURTIDORA ABARROTERA DE
GUADALAJARA SA DE MEXICO SAG-970711-3K6 Related
SURTIDORA DEL BAJIO S.A.
DE C.V. MEXICO SBA-890717-GK7 Related
BUSINESS
MAIN ACTIVITY -
Subject imports,
purchases and sells grains, seeds, dry chilis, birdseeds, corn, lentil, peas,
linseed, oats, etc.
Wholesaler - 100%.
IMPORT : Yes China, Sri Lanka, USA
Annual
Imports in US $(CIF) :
Year Amount
2006 7,562,558.07
EXPORT : No
% CASH SALES/METHOD :
80%
% CREDIT SALES/TERMS :
20% within 30 days
% DOMESTIC PURCHASES : 79.59%
% FOREIGN PURCHASES : 20.41%
SELLING TERRITORY :
Federal District, and the inland country
EMPLOYEES : 24
FACILITIES –
Premises : Own Valued in
:Ps$5,000,000.=
Area : 1,000 m2
Remarks
and other Premises –
Subject has a rented warehouse
situated at Carretera Libra Puebla, Ex-Hacienda San Isidro Km. 22.5, Valle de
Chalco, Solidaridad - Estado de México.
FINANCIAL INFORMATION
Francisco Hernández
Tapia, General Accountant, kindly supplied the information contained in this
report, including Balance Sheet for the Fiscal Year ended as of December 31,
2006, expressed in Pesos.
BALANCE
SHEET DATE : 31DEC2006
TYPE OF
BALANCE SHEET : Annual
BALANCE
SHEET OF : 12
months
CURRENCY : Pesos
EXCHANGE
RATE PER US$ : 10.88
ASSETS
TOTAL
CURRENT : 58,779,180.00
FIXED : 172,079.00
OTHERS : 1,821.00
TOTAL
ASSETS : 58,953,080.00
LIABILITIES
TOTAL
CURRENT : 8,896,646.00
TOTAL
EQUITY : 50,056,434.00
TOTAL
LIABILITIES : 58,953,080.00
SALES :
144,810,847.00
PROFIT
(LOSS) : 19,173,432.00
LIQUIDITY RATIO : 6.61 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY
RATIO: 562.64% (Shareholders'equity/Current Liabilities)
PROFITABILITY MARGIN: 13.24%
(Profits/Sales)
WORKING CAPITAL :
49,882,534.00 (Current Assets
- Current Liabilities)
FINANCIAL SITUATION
: SATISFACTORY
Based on the last
Financial Statement, Subject's Financial Position is considered satisfactory. Liquidity
ratio is adequate and is over average.
Working capital is good and allows company to meet payments promptly.
Relation between shareholders' equity and obligations is acceptable. Economic
results have been satisfactory.
PROPERTIES OF THE COMPANY –
They include:
REAL ESTATES:
- Commercial warehouse:
Central de Abasto Iztapalapa. Area 1,000 m2, valued at Ps$5,000,000 Pesos
- Commercial premises:
Central de Abasto Iztapalapa. Area 3,000 m2, valued at Ps$1,500,000 Pesos
INSURANCE –
Company Amount Validity
SEGUROS ATLAS S.A. Ps$1,389,556.24 25JUN2008
PAYMENTS RECORD
TRADE REFERENCES –
COMMENTS
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Business circles
consulted did not report negative.
LIST OF DOMESTIC SUPPLIERS –
Suppliers
listed Alphabetically.
Supplier Telephone
A. Baur & Co.
Ltd. 94 11 2542964
Candelabro Covarrubias
Peraza (5255) 3727194
Cooperative Elevator
Co. 989 4534500
Fábrica de Papel La
Soledad S.A. de C.V. (5255) 58550469
G.P. de Silva & Sons
International Ltd. 94 11 2717820 1
Grupo Industrial Vida
S.A. de C.V. (5255) 32080400
Intercambio Mexicano de
Comercio S.A. de C.V. (5255) 8141356
Intercom Ltd. 94 11
2514099
Mercova S.A. de C.V. (5255) 57766174
Top Pearl Ltd. 989 4533942
BANKING INFORMATION
BANKERS
Bank Telephone Account
#
BBVA BANCOMER (5255) 55712472 0445655447
BANCO NACIONAL DE
MEXICO (5255) 57252436 63741423598
GRUPO FINAN.SANTANDER
SERF (5255)
56163116 65-50023431
Subject holds accounts in
the above banks. No more information was provided Ander internal policies.
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%)