MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SESAJAL SA DE CV |
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Registered Office : |
Calle 22 No.2322, Zona Industrial,
Guadalajara/Jalisco CP 44940, Mexico. |
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Country : |
Mexico |
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Financials (as on) : |
31.12.2002 |
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Date of Incorporation : |
09.11.1999 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Engaged in the processing and commercialization of
sesame seeds (hulled, natural, toasted and washed), pumpkin seed (crude and
toasted), peanuts, dry chili peppers; processing of sesame oil(toasted, RBDW,
crude and extra virgin)), oil from green coffee beans, castor-oil, oil of
rice, of corn and of soybean. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : SESAJAL
SA DE CV
TAXPAYER
REGISTRATION : RFC SES991115670 OPERATING STATUS: Active
MAIN ADDRESS :
Calle 22 No.2322, Zona Industrial
CITY/PROVINCE/STATE :
Guadalajara/Jalisco CP 44940
COUNTRY : MEXICO
TELEPHONE : 3145.2500
FAX :
3.145..1499
E - MAIL : info@sesajal.com
COMMENTS .-
This a secured from outside sources in view of we
have been unable to set an interview directly with Subject's Principals so far.
Anyway, we will send you a complementary report soon.
LEGAL BACKGROUNDS
LEGAL STATUS : Stock
Company of Variable Capital
DATE OF
INCORPORATION : 09NOV1999
REGISTERED IN : Guadalajara/Jalisco
NOTARY OFFICE : Salvador
García Gutíerrez
DURATION : 99
years
REGISTRATION : Certificate
359-360, Tome 712, 1st.Book/Deed 8,745
INITIAL CAPITAL : Ps$.1,000,000.=
Peso
CURRENT PAID-IN CAPITAL : Ps$.1,000,000.=
Peso
LAST CAPITAL INCREASE : 09.11.1999 (no
increase)
SHAREHOLDERS' EQUITY : Ps$.11,116,014.=
Peso (31.12.2002)
TYPE OF SHARES : Nominatives
SHARE VALUE : Ps$.1,000.=
Peso
CURRENT EXCHANGE
RATE : Ps$.10.97 per 1
US$ as of report date
HISTORY
Subject was incorporated by Public Deed Nº 8,745 d'd
09.11.1999, before Notary Nº 32 Lic. Salvador García Gutiérrez.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE OWNERSHIP
%
GONZALEZ COVARRUBIA, IÑIGO 99.09%
ARANDA COTEDO, JAVIER ERNESTO Production Manager
ULLOA SANCHEZ, GUILLERMO
COBOS GUTIERREZ, OLIVIA
GONZALES COVARRUBIAS, MONICA Shareholder 0.01%
BUSINESS
MAIN ACTIVITY .-
This firm is engaged in the processing and
commercialization of sesame seeds (hulled, natural, toasted and washed),
pumpkin seed (crude and toasted), peanuts, dry chili peppers; processing of
sesame oil(toasted, RBDW, crude and extra virgin)), oil from green coffee
beans, castor-oil, oil of rice, of corn and of soybean. Sold brandname:
"INES"
IMPORT :
Yes (Seeds from Guatemala, Venezuela and India)
EXPORT :
Yes (To Germany, USA, England, Singapore, Taiwan and Japan)
SELLING TERRITORY :
Nationwide and international level
EMPLOYEES : 120
FACILITIES .-
Remarks and other Premises .-
We have verified the address shown in heading
belongs to the offices, warehouse also plant of the firm SESAJAL SA DE CV. It
consists of rented premises which cover a total area of 19,000 sq.mts.
(single-story constructions), part of an industrial zone of easy access routes.
The activities of subject are concentrated at the
above address. There are no other locations.
COMMENTS .-
This firm has been created with the purpose of
engaging in the buying, sale, processing, distribution, marketing, importing
and exporting of seeds and pasta foods.
Exportations are made by subject to Jordan, Spain,
Argentina and Australia too.
Subject has available the Certification ISO 2001
version 2000.
FINANCIAL INFORMATION
BALANCE SHEET DATE : 31DEC2002 31DEC2001
TYPE OF BALANCE SHEET : Annual Annual
BALANCE SHEET OF : 12 months 12 months
CURRENCY : Pesos Pesos
EXCHANGE RATE PER US$ : 10.38 9.12
ASSETS
TOTAL CURRENT : 37,437,030.00 43,531,115.00
FIXED : 5,000,607.00
2,745,822.00
OTHERS : 376,587.00 191,107.00
TOTAL ASSETS :
42,814,224.00 46,468,044.00
LIABILITIES
TOTAL CURRENT : 25,055,010.00 20,397,870.00
LONG TERM : 6,643,200.00
TOTAL EQUITY : 11,116,014.00 26,070,107.00
TOTAL LIABILITIES :
42,814,224.00 46,467,977.00
SALES :
164,331,553.00
PROFIT (LOSS) :
9,253,595.00
LIQUIDITY RATIO
: 1.49 (Current
Assets/Current Liabilities)
DEBT-TO-EQUITY RATIO :
44.37% (Shareholders'equity/Current Liabilities)
PROFITABILITY MARGIN :
5.63% (Profits/Sales)
WORKING CAPITAL
: 12,382,020.00
(Current Assets - Current Liabilities)
DETAILS OF MAIN ASSETS .
For the development of its activities Suject has
available hoists, mixers, storage tanks, fleet of vehicles of different trade
marks, as well as computer equipment, typewriters, office furnishings, etc.
INSURANCE .-
This firm holds a policy of full business coverage
contracted with A.I.G. MEXICO SEGUROS INTERAMERICANA SA DE CV.
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
- Sacos y Envases Industriales SA (Envases).
Teléfono: (52.33) 3619.4725
- Envases de Acero Guadalajara SA de CV (Envases).
Teléfono: (52.33) 3811.2756
- Plasticel SA de CV. Teléfono: (52.81) 8221.4600
- Química Omega SA de CV
BANKING INFORMATION
BANKERS
Banking is
with:
BANCO
NACIONAL DE MEXICO SA "BANAMEX"
(Account 4610686) Agency 345
BBVA
BANCOMER SA (Account
0108871043)
BANCO
INTERNACIONAL SA "BITAL"
Contact: Miguel
Angel Esparza
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/normal. |
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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