MIRA
INFORM REPORT
|
Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
VIVERES EL MOLINO S.A. DE C.V. |
|
|
|
|
Registered Office : |
Calle
Tamemes Nº 69, Colonia Paseo de Churubusco, Deleg. Iztapalapa, México DF,
CP.09,030 |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Date of Incorporation : |
09.02.1999 |
|
|
|
|
Legal Form : |
Stock
Company of Variable Capital |
|
|
|
|
Line of Business : |
Importation,
purchase - sale, export of dry chilies, seeds, groceries and spices in
general. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : VIVERES
EL MOLINO S.A. DE C.V.
TRADE NAME :
"VIVERES EL
MOLINO"
TAXPAYER
REGISTRATION : RFC
VMO990209S21 OPERATING STATUS: Active
MAIN ADDRESS :
Calle Tamemes Nº
69, Colonia Paseo de Churubusco, Deleg.
Iztapalapa
CITY/PROVINCE/STATE :
México DF,
CP.09,030
COUNTRY : MEXICO
TELEPHONE :
(5255)5694.0128
FAX : (5255)5.694..4729
E - MAIL : vmolino1@prodigy.net.mx
WEB SITE : nil
SUMMARY
Incorporation :
1999
Operating Status : Active
Employees :
12
QUALIFICATION
RATING : ELIGIBLE FOR MODERATE CREDITS
PAYMENTS : LITTLE CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL STATUS : Stock Company of Variable Capital
DATE OF
INCORPORATION : 09FEB1999
REGISTERED IN : México D.F.
DURATION : 99 years
LISTED AT STOCK EXCHANGE
: No
CURRENT EXCHANGE
RATE : Ps$.10.88 per 1.00 US Dollar
COMMENTS .-
Subject
is associated to the National Chamber of Commerce, Services and Tourism of
Mexico city.
HISTORY
VIVERES
EL MOLINO S.A. DE C.V. is a hundred percent mexican company established on
February 9th., 1999 and which has not had changes in its legal form from its
inception. It continues under control
of the twin brothers: Mauricio (who takes care of the operative part of the
company) and Alejandro (who takes cares of the administrative part) Sánchez
Mendoza.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE OWNERSHIP %
SANCHEZ
MENDOZA, MAURICIO General Director 50%
SANCHEZ
MENDOZA, ALEJANDRO General Manager 50%
WHO IS WHO ?
SANCHEZ MENDOZA, MAURICIO
NATIONALITY
: Mexican BORN
: 08APR1969
TAXP. REGISTRY :
RFC SAMM690408LM3
PROFESSION
: Chartered Accountant
SANCHEZ MENDOZA,
ALEJANDRO
NATIONALITY
: Mexican BORN
: 08APR1969
TAXP. REGISTRY :
RFC SAMA690408T21
PROFESSION
: Chartered Accountant
RELATED COMPANY(IES)
No
related enterprises were found.
BUSINESS
MAIN ACTIVITY .-
Importation,
purchase - sale, export of dry chilies, seeds, groceries and spices in general.
Trade
brand: FRUTEXSA
IMPORT : Yes Chile, Peru, Sri Lanka, Russia, India,
China, Vietnam, Ukraine, Brazil, Argentina, United States, Canada, against
direct credit at 30,60 and 90 days
EXPORT : Yes To Central American countries, such as El
Salvador, Guatemala, Nicaragua and part of Belize, against direct credit at
90-120 days
% CASH SALES/METHOD :
10%
% CREDIT SALES/TERMS :
90% (Terms of 30
days)
% FOREIGN
SALES(COUNTRIES) : 30%
% DOMESTIC PURCHASES :
40%
% FOREIGN PURCHASES :
60%
SELLING TERRITORY : National market (70%)
EMPLOYEES : 17
FACILITIES .-
Premises
: Own
Area
: 1,866 m2
Floors :
2
Condition
: Good. Premises are located at a commercial
area.
Use :
Legal domicile, main
warehouse.
Remarks and other Premises .-
Administrative
offices and wholesales center: Bodega A-21 de la Central de Abastos, Col.
Ejidos del Moral, Delegación Iztapalapa, C.P. 09,040, México D.F. Tel: (55)
56946073/56940115.
Premises
are owned.
Size:
166 m2
They
are located in the busiest commercial zone of Mexico (Open-air provisions
market).
Subject
has two other warehouses near Central de Abastos of 400 m2 and 700 m2
respectively, but the precise addresses were not provided.
COMMENTS .-
Subject
extends to its clients terms of 30 days but collections are accomplished almost
at 90 and 120 days.
Clients:
Wholesalers, middle-wholesalers and to some established client to whom subject
sells through sales agents it has locally and regionally.
FINANCIAL INFORMATION
We
interviewed C.P. Mauricio Sánchez Mendoza (General Diector), who provided the
information contained on report . Financial statements were declined, but Mr.
Sánchez reported monthly sales are in the following form: US$400,000 dollars
monthly (February through August) and US$800,000 dollars (September through
January). Mr. Sánchez commented to us due to difficult economic situation in
the country they have decided not to supply financial information of the company
to third parties but only in a diret form to their national and foreign
suppliers.
PROPERTIES OF THE COMPANY
.-
Office
equipment and furnishings
Computers
Transport
equipment
etc.
INSURANCE .-
Company
SEGUROS
ATLAS SA DE CV
GRUPO
NACIONAL PROVINCIAL SA DE CV
QUALITAS
COMPAÑIA DE SEGUROS SA DE CV
PAYMENTS RECORD
TRADE REFERENCES .-
Line of
Credit Monthly Average Terms(days) Performance? Time Products/Services Supplier
1
Ps$ Not specified Ps$ 800,000.= 30 days Prompt Years Chilies and seeds Domestic
2
Ps$ Not specified Ps$ 700,000.= 60 days Prompt Years Grains, chilies, spices Domestic
3 Ps$ Not specified Ps$ 600,000.= 30 and 60 da Prompt Years Grains Domestic
4
Ps$ Not specified Ps$ 500,000.= 60 days Prompt Years Grains, dry chilies and Domestic
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier
ABASTECEDORA
VALVALUZ SA DE CV
CASA
ABASCAL S.A. DE C.V.
EXPORTADORA
SAN GREGORIO S.A.
FRUTEXSA
FRUTAS DE EXPORTACION SA
JAIME
BOSCH B. E HIJOS LTDA.- HUERTOS MONSERRA
MERCANTIL
DE VIVERES S.A. DE C.V.
PROYECTOS
Y EXPORTACIONES INTERNACIONALES SRL
SURTIDORA
ABARROTERA S.A. DE C.V.
LIST OF FOREIGN SUPPLIERS
.-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier Country
FRUTEXSA
FRUTAS DE EXPORTACION SA CHILE
PROYECTOS
Y EXPORTACIONES INTERNACIONALES SRL PERU
BANKING INFORMATION
BANKERS
Bank
BANCO
NACIONAL DE MEXICO SA
BBVA
BANCOMER SA
Subject
deals with these banks, which declined to provide references under banking
privacy laws in the country.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)