MIRA INFORM REPORT

 

 

Report Date :

14.11.2007

 

IDENTIFICATION DETAILS

 

Name :

IMPULSORA PELETERA, S.A. DE C.V.

 

 

Registered Office :

Paseo Tollocan No. 103-A, Colonia Barrio de La Concepcion, Municipio San Mateo Atenco, Edo. de Mexico, C.P. 52,100

 

 

Country :

Mexico

 

 

Date of Incorporation :

15.03.1994

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Import, purchase and sale of fine hides for the footwear and leather upholstery industries.

 

 

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     : IMPULSORA PELETERA, S.A. DE C.V.

TRADE NAME                           : "IMPULSORA PELETERA"

TAXPAYER REGISTRATION       : RFC IPE9403154N5  

OPERATING STATUS                : Active

MAIN ADDRESS                       : Paseo Tollocan No. 103-A, Colonia Barrio de La Concepcion,

CITY/PROVINCE                       : Municipio San Mateo Atenco,

DEPARTMENT/STATE               : Edo. de Mexico, C.P. 52,100

COUNTRY                                 : MEXICO

TELEPHONE                             : (52728)285.1323/285.1329/282.0161

FAX                                          : (52728)285.1329

E - MAIL                                   : impulsorapeletera@prodigy.net.mx

WEB SITE                                : www.impulsorapeletera.com.mx

 

 

SUMMARY                         

 

Incorporation                  : 1994 

Operating Status            : Active

Employees                    : *

CR-Rating                     : Satisfactory

Payments                     : Usually to terms/good

 

 

QUALIFICATION

 

RATING : Satisfactory

PAYMENTS : Usually to terms/good

 

 

LEGAL BACKGROUNDS  

 

LEGAL STATUS                                                : Stock Company of Variable Capital

DATE OF INCORPORATION                   : 15MAR1994

REGISTERED IN                                   : Mexico D.F.

DURATION                                            : 99 years

LISTED AT STOCK EXCHANGE : No

CURRENT EXCHANGE RATE     : Ps$10.88 per 1.00 U.S. Dollar

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS

 

FULL NAMES / COMPANY NAME                      TITLE          

MORGENSTERN, ROBERTO                             General Director         

 

 

WHO IS WHO ?

 

MORGENSTERN, ROBERTO

NATIONALITY    : Mexican                          BORN   : 04MAY1966

LABOR AND/OR BUSINESS BACKGROUNDS .-

Tax number: MOUR660504DYA.

 

 

RELATED COMPANY(IES)                     

 

The subject Company is related to:

- PELETERA DEL SALVADOR, S.A. DE C.V., located at Mesones 132, Local 16-A, Pasaje del Salvador, Col. Centro, C.P. 06,090, México D.F., Tel: (55) 55224580/ 55428046, Fax: (55) 55428046.

  

- PELETERA SAN MATEO S.A. DE C.V., located at Paseo Tollocan No. 103-B, Barrio de La Concepción, C.P. 52,100, San Mateo, Atenco, Edo. de Mexico, Tel: (728) 2851323/ 2820161, Fax: (728) 2851329.

 

COMPANY NAME                                             COUNTRY     

PELETERA DEL SALVADOR, S.A. DE C.V.       MEXICO                 

PELETERA SAN MATEO, S.A. DE C.V.             MEXICO                 

 

 

BUSINESS       

 

MAIN ACTIVITY .-

Import, purchase and sale of fine hides for the footwear and leather upholstery industries. Company offers a wide selection of national and imported hides in different colours, including: Baby goat, veal, bucks, italian interlining, varnish leather, goat lining, print varnish leather, natural center, Atanados, and much more.

  

Trademarks: third parties'

  

IMPORT   : Yes From China and Pakistan, against direct credit at 30 days.

EXPORT   : No

 

% CASH SALES/METHOD         : 02%

% CREDIT SALES/TERMS         : 98% (30-day credit terms)

% DOMESTIC PURCHASES     : 30%

% FOREIGN PURCHASES       : 70%

SELLING TERRITORY                : All sales are performed in the national market.

 

EMPLOYEES                 : 8 employees

 

FACILITIES -

Premises          : Rented                        Monthly Amount:Ps$10,000.=

Area                 : close to 500 sqm.        Floors : 2

Condition           : Premises are located at a semi industrial area.

Use                  : Administrative offices, warehouse and fiscal domicile at caption address.

 

Remarks and other Premises -

  

No branches are reported.

 

COMMENTS .-

The company's clients are basically enterprises dedicated to manufacture of footwear and leather upholstery.

 

 

FINANCIAL INFORMATION

 

We spoke to Mr. Roberto Morgenstern (General Director) who supplied us the information contained on this report.  He told us that he would talk to his Accountant to see if it was possible to send us more detailed incorporation details of the Company as well as financial data, but to no response has been received to this moment.

  

PROPERTIES OF THE COMPANY .-

Office equipment

Furniture

Computer equipment

Vehicles

etc.

 

INSURANCE .-

 

Company                                  

ING-COMERCIAL AMERICA S.A. DE C.V.      

 

 

PAYMENTS RECORD

 

TRADE REFERENCES –

 

   Line of Credit  Monthly Average     Terms(days)) Performance?  Time    Products/Services  Supplier

1                        Ps$      1,000,000.= 45 days          Prompt            Years   Hides                      Domestic

2 Ps$       Open Ps$        900,000.=  30-45 days    Prompt             Years   Hides                      Domestic

3                        Ps$        700,000.=  45 days         Prompt             Years   Hides                      Domestic

 

COMMENTS -

  

The Company also imports from the firm MIMA LEATHER (PVT) LTD. of Pakistan.

 

LIST OF DOMESTIC SUPPLIERS -

Suppliers listed Alphabetically.  There is not relationship as for the order above

 

Supplier                                                                                                Telephone    

CURTIDOS FUTURA S.A. DE C.V.                                              477 7783896   

FAR EAST                                                      

TENERIA ALVAREZ S.A. DE C.V.                                              477 7163300   

VALENCIA MODA Y DISEÑO EN PIEL, S.A. DE C.V.                  477 7136308   

 

 

BANKING INFORMATION

 

BANKERS

 

Bank                           

HSBC MEXICO, S.A.             

  

The subject Company is a client of that bank, without further particulars available.

 


 

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.

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions