MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABARROTES LA MANITA S.A. DE C.V. |
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Registered Office : |
Melchor Ocampo 59, Colonia Magdalena Mixhuca |
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Country : |
Mexico |
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Date of Incorporation : |
1970 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Import, Purchase-Sale and Distribution of Groceries and all kind of
Seeds and Grains |
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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : ABARROTES LA
MANITA S.A. DE C.V.
TRADE NAME :
"ALMASA"
TAXPAYER REGISTRATION : RFC AMA-700701-GI8 OPERATING STATUS: Active
MAIN ADDRESS : Melchor Ocampo 59,
Colonia Magdalena Mixhuca
CITY/PROVINCE/STATE : México D.F./Estado
de México, CP 15850
COUNTRY : MEXICO
TELEPHONE : (5255)5764.1433/0168/7887/0596
FAX : (5255)5552.8750
E - MAIL : 1904@almasa.com.mx
WEB SITE : www.almasa.com.mx
SUMMARY
Incorporation : 1970 Operating Status : Active
Last Capital : No precisado
Finantial Situation : UNDETERMINED
Employees : 40
CR-Rating : Satisfactory
Payments : Usually to
terms/good
Business Trend : Undetermined
QUALIFICATION
RATING : Satisfactory
PAYMENTS : Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS : Stock Company of
Variable Capital
DATE OF INCORPORATION : 01JUL1970
REGISTERED IN : México D.F.
DURATION : 99 years
CURRENT PAID-IN CAPITAL : Not specified
CURRENT EXCHANGE RATE : Ps$10.69 per 1.00
US Dollar
COMMENTS .-
Person authorised in the company to sign
credit documents is Mr. Antonio Gómez García.
Personal information about the company
shareholders was declined per security measures.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
GOMEZ GARCIA, JOSE ANTONIO Director General/Maj.Shar Yes
MARTINEZ ARROYO, RUBEN General Accountant
FERNANDEZ GONZALEZ, ELIZABETH Accounting Dept Assistant
BUSINESS
MAIN ACTIVITY .-
Import, purchase-sale and distribution of
groceries and all kind of seeds and grains.
Trade brands: "LA CORONA",
"NESTLE", "HENKEL", "HERDEZ", among others.
IMPORT : Yes (Countries were not disclosed)
EXPORT : No
SELLING TERRITORY : National market
EMPLOYEES : 40
FACILITIES .-
Premises :
Rented
Area :
300
sqm.
Use : Legal seat,
administrative office, warehouse and point of sale.
COMMENTS .-
Working hours and payment to suppliers :
Monday through Friday from 9:00 to 18:00
hours. Pay at due date of invoice.
FINANCIAL INFORMATION
After a several day follow-up , we managed an interview with CP Rubén
Armando Mártinez Arroyo (General Accountant) , who confirmed general
information in regards to the company and declined its financial statements as
this information is regarded confidential.
At same time we resorted to investigate in
indirect sources to complete information , but it was not possible to get
financial figures of this enterprise.
FINANCIAL SITUATION : UNDETERMINED
The financial status of this firm is
Undetermined in absence of financial elements to assess its results.
However, we emphasize this is a large firm with more than 38 years of
operations, specialized in import, distribution and commercialization of
groceries and all kind of seeds in general. No adverse information was learnt against
this company in the various searches applied during our investigation, and the
references which have been recently obtained in the market are good, which
makes us estimate overall operation of the
company is normal.
PROPERTIES OF THE COMPANY .-
VEHICLES:
Subject has 6 motor vehicles but the
trademarks or models were not revealed.
MACHINERY AND EQUIPMENT
Own office equipment and basic computer
equipment, weighing scales, counters and other
equipment.
INSURANCE .-
Company Against Amount Validity _
ING SEGUROS COMERCIAL AMERICA SA DE CV
No specified No specified No
specifi
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 Ps$Open Ps$ 1,000,000.=
Cheque 30 da Prompt +6 years Sugar
Domestic
2 Ps$ Open Ps$
2,500,000.= Cheque 15
da Prompt 6 years
Sugar
Domestic
3 Ps$ Open Ps$ 150-300,000.= Cheque 30 da Prompt 10+ yrs.
Seeds and grains Domestic
COMMENTS .-
No.1: Monthly purchases fluctuate from
Ps$800,000.= to Ps$1,000,000.=
No.2: Monthly purchases fluctuate from
Ps$1,000,000.= to Ps$2,500,000.=
No.3: Monthly purchases fluctuate from
Ps$150,000.= to Ps$300,000.=
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed
Alphabetically. There is not
relationship as for the order above
Supplier _ Telephone _
Arrocera Covadonga S.A. de C.V. (5255) 57798300
Impulsora Mexicana de Prod. Básicos SA de
CV 5255)
56948152
La Nueva Villa de México S.A. de C.V. (5255) 57403819
BANKING INFORMATION
BANKERS
Bank
GRUPO SANTANDER SERFIN S.A.
Subject performs its transactions in the above mentioned banks, where it
holds an account 01418059080824250, without further particulars available under
privacy laws.
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%)