MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
VINOS, VIÑEDOS Y BODEGAS S.A. DE C.V. |
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Registered Office : |
Cerrada de Sierra Candela No.12 Lomas de Chapultepec |
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Country : |
Mexico |
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Financials (as on) : |
30.04.2008 |
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Date of Incorporation : |
04.09.2007 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Import and Trading of Wines, Liquors (Nationwide). |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : VINOS, VIÑEDOS Y BODEGAS S.A. DE C.V.
TRADE NAME : "VINOS, VIÑEDOS Y BODEGAS - VVB"
TAXPAYER REGISTRATION : RFC VVB070904PW9 OPERATING STATUS: Active
MAIN ADDRESS : Cerrada de Sierra Candela No.12 Lomas de Chapultepec
CITY/PROVINCE/STATE : México D.F.
COUNTRY : MEXICO
TELEPHONE : (5255)2002.4722
FAX : (5255)5202.4694
E - MAIL : mcortes@wb.com.mx
WEB SITE : www.vvb.com.mx
SUMMARY
Incorporation : 2007 Operating Status : Active
Last Capital : Ps$500,000.= Pesos
Finantial Situation : SATISFACTORY
Rating : Good
Payments : Little credit experience available
Business Trend : Stable, unchanged
QUALIFICATION
RATING : Good
PAYMENTS : Little credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS : Stock Company of Variable Capital
DATE OF INCORPORATION : 04SEP2007
REGISTERED IN : Mexico D.F.
CURRENT PAID-IN CAPITAL : Ps$500,000.= Pesos
TYPE OF SHARES : Registered
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$10.31 per USA Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE OWNERSHIP %
DOMENECH PERUSQUIA, JOSE FRANCISCO General Director 22%
VEGA VELASCO, MARCO Imports Manager
RODERO MATOS, HELIODORO Legal Consultant 50%
MONTES SUAREZ, ALFONSO Legal Consultant 28%
CORTES, MAURICIO General Accountant
WHO IS WHO ?
DOMENECH PERUSQUIA, JOSE FRANCISCO
NATIONALITY : Mexican BORN
: 23OCT1968
DOC. OF IDENT. : IFE
7836995
RODERO MATOS, HELIODORO
NATIONALITY : Spaniard BORN
: 06DEC1944
DOC. OF IDENT. : CIC FM2
1395062
BUSINESS
MAIN ACTIVITY .-
Subject is involved in the import and trading of wines, liquors (nationwide).
Sold trademarks: "NORTON", "ROSEMOUNT", "KENDALL JACKSON", "CATTO'S", "VENTISQUERO",
"KWV", "ASTI GIANNI".
% CASH SALES/METHOD : 2%
% CREDIT SALES/TERMS : 98% (Within 90 to 120 days).
SELLING TERRITORY : 100% (Mexican Republic).
FACILITIES .-
Premises : Rented
Area : 300 M2
Condition : Good infrastructure
Use : Main Offices.
COMMENTS .-
Subject's main clients are wholesalers, self-service stores and department stores.
FINANCIAL INFORMATION
We were attended by Mr. Marco Vega Velasco (Imports Manager), who kindly provided the
requested information, including Subject's Balance Sheet from the first 4 months of 2008, which accounts follow:
BALANCE SHEET AS
OF 30.04.2008
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Ps$10.49 per
USA Dollar
ASSETS:
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CURRENT Ps$ 6,103,000.=
FIXED 27,000.=
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TOTAL ASSETS Ps$ 6,130,000.=
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LIABILITIES:
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CURRENT Ps$ 2,968,000.=
SHAREHOLDERS' EQUITY 3,162,000.=
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TOTAL LIAB. AND SH. EQUITY Ps$ 6,130,000.=
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SALES AS OF 30.04.2008 Ps$ 1,646,000.=
PROFIT 7,000.=
FINANCIAL SITUATION : SATISFACTORY
Based on the last Financial Statement, Subject's Financial Position is considered Satisfactory. Liquidity ratio is adequate and is over average. Working capital is good and allows company to meet payments promptly. Relation between shareholders'
equity and obligations is
acceptable. Economic results have been
satisfactory.
"VINOS, VIÑEDOS Y BODEGAS S.A. DE C.V.", is a new
company in the market, just being
operating for over 8 months, having an uncertain future.
PAYMENTS RECORD
TRADE REFERENCES .-
Line
of Credit Monthly Average _ Terms(days)) Performance? _
Time _ Products/Services
Supplier
1
Unlimited Ps$ 200,000.= B/transf.120
Prompt 10 years Liquor Domestic
COMMENTS .-
Other local
consulted suppliers, don't use to disclose any information regarding their
clients.
Subject's purchases are almost all performed abroad.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically.
There is not relationship as for the order above
Supplier _ Telephone _
BODEGAS FRANCO ESPAÑOLAS S.A.
BODEGAS NORTON S.A. 5411
57778400
CHARTREUSE DIFUSSION
DAMIANA DE MEXICO S.A. DE C.V. 5233 36201770
FREIXENET DE MEXICO S.A. DE C.V. 0155 56585892
KENDALL JACKSON INTERNATIONAL
BANKING INFORMATION
BANKERS
Bank Contact Telephone
BANCO NACIONAL DE MEXICO
S.A. Rubria Chan Hernande 255 12269134
The consulted bank doesn't provide any kind of references regarding its clients, Ander internal confidential 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%)