MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CASA ABASCAL S.A. DE C.V. |
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Registered Office : |
Pasillo 2 y 3, Bodega
E, No.31, Colonia Central de Abastos, México, CP.09040 |
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Country : |
Mexico |
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Date of Incorporation : |
16.04.1968 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Purchase sale 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : CASA ABASCAL S.A. DE C.V.
TAXPAYER REGISTRATION : RFC CAB-680416-LK3
OPERATING STATUS :
Active
MAIN ADDRESS : Pasillo 2 y 3, Bodega E, No.31, Colonia Central de
Abastos,
CITY/PROVINCE/STATE : México, CP.09040
COUNTRY :
MEXICO
TELEPHONE :
(5255)5694.0371
FAX :
(5255)5694.0371
E - MAIL :
abascal@prodigy.net.mx
WEB SITE :
none
SUMMARY
Incorporation : 1968
Operating Status :
Active
Employees : 30
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 : 16APR1968
REGISTERED IN : Mexico City
DURATION :
99 years
CURRENT EXCHANGE RATE : Ps$10.83 per 1.00 US Dollar
COMMENTS -
The Company closes its
fiscal year on December 31st.
The share capital amount
was not revealed.
Mr. Daniel Ronaire,
General Manager, is the person authorised to sign credit documents in the
company.
HISTORY
Company started its
operations on April 16th., 1968 in the city of Mexico, Federal District, under
the name CASA ABASCAL, under legal form of a Stock Company of Variable Capital
to dedicate to purchase-sale of seeds and grains.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
RONAIRE, DANIEL General Manager Yes
ABASCAL, JAVIER Manager of Purchases Yes
PORTILLA, ALFONSO General
Accountant
RELATED COMPANY(IES)
COMPANY NAME COUNTRY TAX.REG. RELATION
ABASTOS DEL PAIS S.A. DE
C.V. MEXICO
Related
VIVERES ABASCAL,
S.A. MEXICO VAB8301187J4 Related
BUSINESS
MAIN ACTIVITY -
Company dedicates to
purchase sale of seeds and grains.
IMPORT : Yes From USA.
EXPORT : No
% CASH SALES/METHOD : 80%
% CREDIT SALES/TERMS : 20% (30-day credit terms)
SELLING TERRITORY : Throughout the Mexican Republic
EMPLOYEES
: 30
FACILITIES -
Premises :
Own
Area :
280 sqm.
Condition :
Adequate for the development of their
activities.
Use
: Legal Domicile, Administrative Offices,
Warehouse and Point-of-Sale at above add
Remarks
and other Premises -
No branches are
registered to this Company.
COMMENTS -
Sales of Company are made
on the retail level (80%) and wholesale level (20%).
Sales are oriented to the
general public.
FINANCIAL INFORMATION
We got in contact with
Mr. Daniel Ronaire (General Manager) who was kind to provide us general
operating information but declined financial statements as this information is
regarded confidential. Due to our insistence he would only declare to us
monthly sales at present are in the order of Ps$900,000.= Pesos.
On our part, we completed
our report with the information it was possible to obtain from third-party
sources, public sources and official registries. Unfortunately, it was not
possible to obtain updated financial statments or further referential financial
figures.
The financial situation
of this company is regarded Undetermined due to lack of financial figures to
assess with accuracy its financial results.
Nevertheless, based on
the information available we could indicate Casa Abascal S.A. de C.V. is a
mexican company with more than thirty nine years of operations in the market,
which has not registered changes from its inception; as time went on it has evolved positively, and at present it
has adequate transport equipment (vehicles) to carry out its activities and the
support of 30 employees, therefore it is classified a médium sized company with
stable activities nationwide.
Company has maintained
credit relations with different suppliers from its beginnings and one of them
confirmed to us subject is a good payer, and that no payment delays have been
registered so far. It is also an insured company which works with reknown banks
in the country.
PROPERTIES OF THE COMPANY -
REAL ESTATES:
The premises located at
Pasillo 2 y 3, Bodega E, No.31, Colonia Central de Abastos, Ciudad de México.
MOTOR VEHICLES:
Have 3 vehicles, no
trademarks or models were provided.
MACHINERY AND EQUIPMENT:
The company owns computer
equipment, telephone equipment, shelves, fax machines, minor fixtures, etc.
INSURANCE –
Company Amount Validity
MAPFRE TEPEYAC SA Ample
coverage Annually
PAYMENTS RECORD
TRADE REFERENCES –
Line
of Credit Monthly Average Terms(days)) Performance? Time
Products/Services Supplier
1 Open Ps$ 450,000.= 30
days Prompt 1968 Sesame and chick peas.
Domestic
COMMENTS
-
The informing supplier
has indicated subject pays them via transfers and further has commented they
have not had any kind of payment problems with this company during time of
their business relationship.
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically. There is not
relationship as for the order above
Supplier Telephone
Corporativa Elevator
Co. (989)453.4500
Granos La Macarena SA de
CV (52-642)422.777
CREDIT RISK CENTRAL -
No adverse were found.
LAWSUITS ? -
There are not legal suits
or labour claims filed against this company.
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO
SA
BBVA BANCOMER SA
All banking operations
are carried out through the above named banks which would not provide us any
kind of information under confidentiality policies.
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%)