MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
COMERCIALIZADORA SUAREZ S.A. DE C.V. |
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Registered Office : |
Circuito de los
Comerciantes North No.8, Central de Abastos San Pablo, Xochimehuacan |
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Country : |
Mexico |
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Date of Incorporation : |
09.09.2001 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Import and trading of
chilis and seeds. |
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 : COMERCIALIZADORA SUAREZ
S.A. DE C.V.
TRADE NAME :
"CASA SUAREZ"
TAXPAYER REGISTRATION : RFC CSV9909013X9
OPERATING STATUS :
Active
MAIN ADDRESS :
Circuito de los Comerciantes North No.8,
Central de Abastos San Pablo
CITY/PROVINCE/STATE :
Xochimehuacan
COUNTRY : MEXICO
TELEPHONE :
(5222)2288.9312
FAX : (5222)2288.9313
E - MAIL :
casasuarez@prodigy.net.mx
SUMMARY
Incorporation
: 2001
Operating Status :
Active
Employees
: 30
QUALIFICATION
RATING : ELIGIBLE FOR MODERATE CREDITS
PAYMENTS : PAYMENTS USUALLY PROMPT
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION : 09SEP2001
REGISTERED IN :
Puebla
CURRENT EXCHANGE RATE : Ps$10.96 per USD1
COMMENTS -
Incorporation were not
found out neither the amount of the capital stock nor personal information of
its members.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
HUERTA MEJIA, JOSE
FERNANDO General Manager
50%
LOPEZ, ANA MARIA Administrative Manager
HUERTA MEJIA, JOSE
RENE Shareholder 50%
RELATED COMPANY(IES)
It is unknown whether
Subject is part of any business organization or its main executive has
ownership interest in other companies.
BUSINESS
MAIN ACTIVITY .-
Import and trading of
chilis and seeds.
Wholesaler.
IMPORT : Yes Chile, Peru, USA, Canada, India, Thailand;
payments via transfers
% CASH SALES/METHOD :
95%
% CREDIT SALES/TERMS :
05% within 30 days
SELLING TERRITORY :
Puebla
EMPLOYEES : 30
FACILITIES –
Premises :
Own
Use
: Administrative, commercial offices and deposits
Remarks
and other Premises -
Subject has two selling
points in the City of Puebla.
FINANCIAL INFORMATION
Ana María López
(Administrative Manager) confirmed operating information. However, she refused
to give the financials by arguing internal policies of the company.
It was virtually
impossible to get financial statements or accounting elements through outside
sources.
In short, this is a
company founded in 2001, engaged in the trading of chilis and seeds. No adverse
backgrounds affecting its reputation and creditworthiness were found.
PROPERTIES OF THE COMPANY -
Subject owns the estate
where it operates.
INSURANCE –
Company Against
SEGUROS INBURSA All risk
Coverage amount and
validity were not specified.
PAYMENTS RECORD
TRADE REFERENCES –
Line of Credit Monthly Average Terms(days)) Performance? Time
Products/Services Supplier
1
Ps$ 2,000,000.= Ps$ 2,000,000.= 30 days Prompt 5 years Groceries and seeds in
ge Domestic
COMMENTS
–
Other suppliers did not
respond to our trade reference request.
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically. There is not
relationship as for the order above
Supplier Telephone
Arroz SOS de México S.A.
de C.V. (5255) 56944788
Mercantil de Víveres S.A.
de C.V. (5255) 56941083
Schehino Hnos. S de R.L
de C.V.
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO
S.A.
GRUPO FINAN. SANTANDER
SERFIN
It should be mentioned
that in Mexico it is not possible to get bank references without the account
number, name of the account executive and the branch office, information that
was not given by Subject.
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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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%)