MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
DISTRIBUIDORA DE METALES XALOSTOC S.A. DE C.V. |
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Registered Office : |
Av. Hidalgo s/n, Predio Salinas San Cristóbal, Ecatepec de Morelos, Estado
de Mexico CP 55,000 |
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Country : |
Mexico |
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Date of Incorporation : |
20.07.1990 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Buying and Selling of Nonferrous Metal, Scrap, Steel, Aluminium,
Copper, Bronze and Nickel, etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : DISTRIBUIDORA DE
METALES XALOSTOC S.A. DE C.V.
TRADE NAME : "DIMEXA"
TAXPAYER REGISTRATION : RFC DMX-900720RW5 OPERATING STATUS: Active
MAIN ADDRESS : Av. Hidalgo s/n, Predio Salinas San Cristobal
CITY/PROVINCE/STATE : Ecatepec de
Morelos/Estado de Mexico CP 55,000
COUNTRY : MEXICO
TELEPHONE : (5255)9000.7700/5838.9370
FAX : (5255)9000.7701/9000.7702/5838.8151/5838.8152
E - MAIL : mmorales@dimexa.com.mx
WEB SITE : www.dimexa.com.mx
SUMMARY
Incorporation : 1990 Operating Status : Active
Last Capital : *
Finantial Situation : UNDETERMINED
Employees : 100
Rating : Satisfactory
Payments : No further credit
experience available
QUALIFICATION
RATING : Satisfactory
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS : Stock Company of Variable Capital
DATE OF INCORPORATION : 20JUL1990
REGISTERED IN : Mexico D.F.
DURATION : 99 years
CURRENT PAID-IN CAPITAL : No specified
LISTED AT STOCK EXCHANGE: No
CURRENT EXCHANGE RATE : Ps$10.39 per USD1
COMMENTS .-
No more incorporation could be obtained nor
the amount of the capital stock.
Personal information of the executives was
not disclosed because of confidencial policies.
Subject is a member of the National Chamber
of Commerce, Services and Tourism of Ecatepec de Morelos, Mexico.
HISTORY
DISTRIBUIDORA DE METALES XALOSTOC S.A. DE
C.V. "DIMEXA" is a fully Mexican company
incorporated in 1989, which counts on highly
trained personnel with over 20 years of
experience in the field.
The Company started operating by recycling metal scrap and today it is
considered to be one of the leading specialists in the industry of stainless steel,
alloys and metals. DIMEXA has shown a solid growth throughout the years and
nowadays it is considered one of the leading corporations in Mexico. At
present, it has a total of 10 storage and processing plant of metal scrap
equipped with state-of-the art technology, as well as two smelters of aluminum
and zinc. Company sells its products to over 50 companies around the world and
works hand in hand with its clients to guarantee they always get the best
quality and the best service possible.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
BENITEZ GUZMAN, IDALIA Vice President
BENITEZ GUZMAN, ALEJANDRA Legal Representative
BENITEZ VAZQUEZ, VICTORIANO General Director
GONZALEZ FRANCO, GUILLERMO General Accountant
RELATED COMPANY(IES)
Subject is not related to any other local
companies.
BUSINESS
MAIN ACTIVITY .-
Buying and selling of nonferrous metal,
scrap, steel, aluminium, copper, bronze and nickel, etc.
IMPORT : Yes United States;
via direct credit
EXPORT : Yes Europe, Asia
and United States, via direct credit
% CASH SALES/METHOD : 50%
% CREDIT SALES/TERMS : 50% (30-day credit terms)
% FOREIGN SALES(COUNTRIES) :
10%
% DOMESTIC PURCHASES : 50%
% FOREIGN PURCHASES : 50%
SELLING TERRITORY : Domestic market
(90%) and abroad
EMPLOYEES : 100
FACILITIES .-
Premises : Own
Condition : Facilities are located at an urban area
Use : Headquarters, sale
offices, warehouse
Remarks and other
Premises .- Apart, Subject has other ten storage and processing and smelting plants
of metal scrap and aluminum and
zinc, equipped with the latest technology, located at different parts of the Mexican Republic.
COMMENTS .-
Subject sells its production to over 500
companies around the world.
Clients: Parastatal companies, such as
Pemex, Luz y Fuerza, Comisión Federal de Electricidad and a large number of
private companies, wholesaler, middle-wholesalers, etc. such Ecko S.A. de C.V.
FINANCIAL INFORMATION
No information could be obtained from
Subject as representatives were unwilling to cooperate with our
investigation. Therefore, this report
has had to be prepared based in the information collected from external sources
where we found the information herein except for the financials helping to
determine the current standing of this Company.
FINANCIAL SITUATION : UNDETERMINED
Financial situation is considered indeterminate since no accounting elements
were found to assess Subject's current results.
INSURANCE .-
Unknown.
PAYMENTS RECORD
TRADE REFERENCES
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COMMENTS .-
Unknown, hence we were not able to determine
Subject's payment record or credit
experience.
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO SA
Subject is a client of the above bank.
Further particulars were not available due to privacy policy.
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%)