MIRA
INFORM REPORT
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Report Date : |
09.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PROVISIONES DE XALAPA S.A. DE C.V. |
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Registered Office : |
Sur Cuatro 10, Colonia
Ferrocarrilera, Xalapa/Veracruz, CP 91120 |
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Country : |
Mexico |
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Date of Incorporation : |
05.04.2000 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Sale of agricultural
products |
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 : PROVISIONES DE
XALAPA S.A. DE C.V.
TAXPAYER REGISTRATION : RFC PXA-000405-GYI
OPERATING STATUS: Active
MAIN
ADDRESS : Sur Cuatro 10, Colonia Ferrocarrilera
CITY/PROVINCE/STATE : Xalapa/Veracruz, CP 91120.
COUNTRY : MEXICO
TELEPHONE : (52228)840.2245/811.1221
E -
MAIL : provisiones_de_xalapa@hotmail.com
SUMMARY
Incorporation :
2000
Operating Status : Active
Last Capital :
Ps$10,000.=
Pesos.
Finantial Situation : UNDETERMINED
Employees :
10
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 : 05APR2000
REGISTERED
IN : Xalapa/Veracruz
DURATION : 99 years
CURRENT PAID-IN
CAPITAL : Ps$10,000.= Pesos
LAST CAPITAL
INCREASE : No specified
TYPE OF
SHARES : Nominal
LISTED AT STOCK
EXCHANGE : No
CURRENT EXCHANGE
RATE :
Ps$10.91
per USD1
COMMENTS .-
Shareholders structure was not specified.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
HERNANDEZ BARRAGA, MIGUEL Managing
Director Yes
PEREZ HERNANDEZ, MARIA DE LOS ANGELES Administrator
BUSINESS
MAIN ACTIVITY .-
Sale of agricultural products.
They include: Bean grains and seeds, corn, pistachio nut, chickpea,
granola, rice.
IMPORT :
Yes
Sri Lanka, China
EXPORT :
No
SELLING TERRITORY :
Mexican market - 100%
EMPLOYEES : 10
FACILITIES .-
Premises :
Rented
Use :
Headquarters,
commercial offices
Remarks and other Premises .-
Subject has a branch located at Francisco I
Madero 125, Colonia Josñe Garoleo, Xalapa/Veracruz, CP 91030.
FINANCIAL INFORMATION
We talked to María de Los Angeles Perez, Administrator, who only
confirmed general information by arguing confidential polices and strict
instructions from the General Manager.
In relation to the financial statements, the cited executive only
commented that turnover of the Company for the Period 2007 amounted to Ps$12
Million Pesos.
Other external sources were consulted, having no found balance sheets or
accounting figures. On the other side, local suppliers reported favorably on
Subject credit record. No news found in risk information centers.
FINANCIAL SITUATION : UNDETERMINED
Financial standing is deemed to be
indeterminate as no accounting elements were available to assess Subject
results.
INSURANCE .-
Company Against
Qualitas Compañía de Seguros S.A. de
C.V General risks
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 Open Ps$ 351,000.=
15 days Prompt 2004 Grapes and rasins
Domestic
2 Ps$ 200,000.=
No specified 30 days
Prompt Feb.2005 Grains and seeds Domestic
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier _ Telephone _
Bodegas de Granos El Alazan y El Rocio S.A.
de 5255 56941155
Roma del Desierto S.A. de C.V./Dora
García 52637 3729022
CREDIT HISTORY .-
Subject buys in the local market and abroad.
Business circles agreed to comment that so far Subject has fulfilled its
obligations within the agreed terms. Favourable opinion.
LAWSUITS ? .-
No civil or criminal proceedings have been initiated against this
Company.
BANKING INFORMATION
BANKERS
Bank
BBVA Bancomer S.A. Subject is a client of the above bank. Further
details were not available Ander internal 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%)