MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
LA NUEVA DISTRIBUIDORA DE TELAS |
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|
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Registered Office : |
Artículo 123 # 37-C, Col. Centro, Deleg.Cuauhtemoc, México D.F. |
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Country : |
México |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.09.1988 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Import, wholesale and retail of fabrics for curtains, upholstery and
decoration in general. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$100,000. |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
identification
|
CORRECT COMPANY NAME |
: |
LA NUEVA DISTRIBUIDORA DE TELAS |
|
TRADE NAME |
: |
"MAZAHUA" "TELAS DECORATIVAS" |
|
TAXPAYER REGISTRATION |
: |
RFC NDT-880901-4K6 |
|
MAIN ADDRESS |
: |
Artículo 123 # 37-C, Col. Centro, Deleg.Cuauhtemoc, |
|
CITY |
: |
México D.F. |
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DEPARTMENT/STATE |
: |
México |
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COUNTRY |
: |
|
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TELEPHONE |
: |
51303260 - 51303265 - 51303265 - 51303261 |
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FAX |
: |
55217981 |
|
WEB SITE |
: |
www.mazahua.com.mx |
COMMENTS
Additional E-mails: admin@mazahua.com.mx; ventas@mazahua.com.mx
SUMMARY
FOUNDATION :
1988
LAST CAPITAL :
Ps$20,101,997.59.= Pesos
SHAREHOLDERS ' EQUITY : Ps$84,042,698.= Pesos (As of 31.12.2008)
SALES :
148,557,000.00
EMPLOYEES :
92
PAYMENTS :
Usually to terms/good
CHIEF EXECUTIVE : LEIPUNER IWASKOWSKY, JORGE
DISPOSITION :
TOTAL (Full information and figures).
RATING (*) :
B2
Legal
backgrounds
|
LEGAL ESTATUS |
: |
Stock Company of Variable Capital |
|
DATE OF INCORPORATION |
: |
01SEP1988 |
|
START OF OPERATIONS |
: |
N/A |
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REGISTERED IN |
: |
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NOTARY OFFICE |
: |
No.13, Raul Name Name. |
|
DURATION |
: |
99 years |
|
REGISTRATION |
: |
Not. Act No.8,494/ Page of Companies No.105,164 |
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INITIAL CAPITAL |
: |
Ps$1,000.= Pesos |
|
CURRENT PAID-IN CAPITAL |
: |
Ps$20,101,997.59.= Pesos |
|
LAST CAPITAL INCREASE |
: |
N/A |
|
SHAREHOLDERS' EQUITY |
: |
Ps$84,042,698.= Pesos (As of 31.12.2008) |
|
TYPE OF SHARES |
: |
Registered |
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LISTED AT STOCK EXCHANGE |
: |
No |
|
SHARE VALUE |
: |
N/A |
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CURRENT EXCHANGE RATE |
: |
Ps$11.72 per US$1.= Dollar |
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MEMBERSHIP |
: |
Cámara Nacional de Comercio, Servicios y Turismo de la Ciudad de
México |
COMMENTS .-
Subject started operating on 01/09/1988 under the corporate name
DISTRIBUIDORA MAZAHUA S.A DE CV.
By Notarial Act No.8,494 dated 05/10/1988, granted before Raúl Name
Neme, subject took over by merger LA NUEVA DISTRIBUIDORA DE TELAS S.A. DE C.V.
By Notarial Act No.79,127, dated 18.03.1997, granted before Mr. Carlos
Prieto Aceves, a power for lawsuits and collections, management and ownership
transactions was granted to Jorge Leipuner Iwaskowsky and Isaac Leipuner Cohen,
which was registered in the Page of Business Corporations No.105,164.
Directors/executives/shareholders
|
FULL NAMES / COMPANY NAME |
TITLE |
OWNERSHIP % |
|
LEIPUNER COHEN, ISAAC |
President |
25% |
|
LEIPUNER IWASKOWSKY, JORGE |
General Director |
25% |
|
JIMENEZ LOPEZ, JUAN RAMON |
Adm. & Finance Manager |
|
|
SACAL ATRY, MAURICIO |
Shareholder |
50% |
Who
is who?
LEIPUNER COHEN, ISAAC
NATIONALITY :
Mexican
BACKGROUND INFORMATION .-
He graduated in 1989 in Administration from the Instituto Tecnológico
Autónomo de México.
He is a member of the golf club Bellavista S.A. de C.V.
LEIPUNER IWASKOWSKY, JORGE
NATIONALITY :
Mexican
CIVIL STATUS :
Married
SACAL ATRY, MAURICIO
NATIONALITY :
Mexican
Business
MAIN ACTIVITY .-
Subject is engaged in import, wholesale and retail of fabrics for
curtains, upholstery and decoration in general.
Subject has registered its own brand MAZAHUA.
IMPORT : Yes
(From
EXPORT : No
|
% CASH SALES/METHOD |
: |
50% |
|
% CREDIT SALES/TERMS |
: |
50% (Terms: 30, 60, 90 days) |
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% FOREIGN SALES (COUNTRIES) |
: |
N/A |
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% DOMESTIC PURCHASES |
: |
10% |
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% FOREIGN PURCHASES |
: |
Subject started operating on 01/09/1988 under the corporate name DISTRIBUIDORA
MAZAHUA S.A DE CV. By Notarial Act
No.8,494 dated 05/10/1988, granted before Raúl Name Neme, subject took over
by merger LA NUEVA DISTRIBUIDORA DE TELAS S.A. DE C.V. By Notarial Act No.79,127, dated
18.03.1997, granted before Mr. Carlos Prieto Aceves, a power for lawsuits and
collections, management and ownership transactions was granted to Jorge
Leipuner Iwaskowsky and Isaac Leipuner Cohen, which was registered in the
Page of Business Corporations No.105,164. |
|
SELLING TERRITORY |
: |
100% (Domestic market) |
|
EMPLOYEES |
: |
92 |
LOCATION .-
|
Premises |
: |
Rented |
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Monthly Amount |
: |
Ps$ 40,000.= Peso |
|
Time Occupied |
: |
N/A |
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Area |
: |
450 m2 |
|
Floors |
: |
N/A |
Remarks and other Premises .-
Subject's tax residency, administrative offices and main store are
located on the above-mentioned address.
Subject has two sales branches in
COMMENTS .-
The company was incorporated to be engaged in manufacture, distribution,
purchase, sale, import, export of every kind of decorative fabrics and the
like, clothes, accessories, etc.
Credit cards are also accepted.
Financial
information
|
Interviewee(s) |
: |
Juan Ramón Jimenez. |
|
Position(s) |
: |
Administrative and Finance Manager |
|
Cooperation |
: |
TOTAL (Full information and figures). |
|
Information Provided |
: |
The interviewee provided general information, including a summary of the
Annual Balance Sheet as of 31/12/2010, which is expressed in Pesos. As information of interest, it is included
the Annual Balance Sheet as of 31/12/2008 that was obtained from our
archives; however, we suggest not to take into account the statistic table of
percentage variation shown because there are not any correlative balance
sheets. Some information of interest
included in this report was obtained from third parties and public sources. |
BALANCE SHEET
|
BALANCE SHEET DATE |
31DEC2009 |
31DEC2008 |
|
|
|
PERIOD |
12 months |
12 months |
|
|
|
EXCHANGE RATE PER US$ |
12.36 |
13.66 |
|
|
|
CURRENCY |
Pesos |
Pesos |
|
|
|
ASSETS |
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|
|
|
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TOTAL CURRENT |
106,687,000.00 |
97,922,810.00 |
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FIXED |
1,549,000.00 |
2,487,027.00 |
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|
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TOTAL ASSETS |
108,236,000.00 |
100,409,837.00 |
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LIABILITIES |
|
|
|
|
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TOTAL CURRENT |
16,988,000.00 |
14,736,447.00 |
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|
|
LONG TERM |
1,014,000.00 |
1,630,692.00 |
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|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
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TOTAL EQUITY |
90,234,000.00 |
84,042,698.00 |
|
|
|
TOTAL LIABILITIES |
108,236,000.00 |
100,409,837.00 |
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|
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SALES |
148,557,000.00 |
130,996,041.00 |
|
|
|
PROFIT(LOSS) |
4,315,000.00 |
2,000,000.00 |
|
|
RATIO
|
LIQUIDITY RATIO |
6.28 |
(Current Assets/Current Liabilities) |
|
DEBT-TO-EQUITY RATIO |
531.16 |
(Shareholders's equity/Current Liabilities %) |
|
PROFITABILITY MARGIN |
2.90 |
(Profits/Sales %) |
|
WORKING CAPITAL |
89,699,000.00 |
(Current Assets - Current Liabilities) |
FINANCIAL SITUATION :
SATISFACTORY
Based on the last Financial Statement, this company's Financial
Situation is deemed to be Satisfactory because its liquidity ratio is above
average. Its working capital is positive, which allows the company to pay properly.
Its debt-to-equity ratio is acceptable. Economic results have been
satisfactory.
According to the interviewee, it was learned about that the company has
a sales expectation of Ps$150,000,000.=
Pesos for 2011.
PROPERTY OF THE COMPANY .-
Machinery and equipment:
- Counters
- Cutting tables
- Revising machines
- Sideboards
- Counters
- Cash registers
Vehicles:
7 vans: CHEVROLET (2004), URVAN (2005), VOLKWAGEN
4 cars: CENTRA (2003), platina (2004) and 2 HONDA (2000)
Office furniture and equipment:
Desks, chairs, typing machines, calculators, file cabinet, drawers, 60
computer equipment, printers, etc.
INSURANCE .-
|
Company |
Againts |
Amount |
Expiration |
|
SEGUROS AFIRME S.A. DE C.V. |
All risk |
Not specified |
Not specified |
Payments
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
UNIDAD TEXTIL PUENTE S.A. DE C.V. |
|
5255 53977811 |
Ps$ 1,000,000.= |
Ps$ 700,000.= |
30 days |
Prompt |
2005 |
Fabrics for upholstery |
NOTE: Other Suppliers did not provide information or could not be
consulted.
|
Supplier |
Country |
Tel. |
|
RAHGA TEXTIL S.A. DE C.V. |
|
5272 82850476 |
|
CORPORATIVO ATELIER S.A. DE C.V. |
|
5255 52029293 |
|
CORPORATIVO TEXTIL SA DE CV |
|
N/A |
|
PEÑA MELLADO |
|
N/A |
|
AZNAR TEXTIL S.A. |
|
N/A |
|
FANTINEX |
|
N/A |
COMMENTS .-
It should be remembered that 90% of subject's purchases is made to its
suppliers abroad.
CREDIT RISK CENTRAL .-
It was not found any adverse records in consulted sources.
LAWSUITS .-
No lawsuits against subject were found.
Banking
informations
BANKERS .-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
BBVA BANCOMER SA |
N/A |
N/A |
N/A |
N/A |
N/A |
|
NACIONAL |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
N/A |
N/A |
N/A |
N/A |
N/A |
It should be mentioned that in
General
information
REPUTATION .-
NOTHING AGAINST COMPANY
Credit
opinion
Consulted Credit Amount : Credit
limit
Subject is eligible to be granted a credit limit of US$100,000.=.
NOTE: The Opinion given is confidential referential and with out
liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.72.08 |
|
Euro |
1 |
Rs.63.66 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.