MIRA INFORM
REPORT
|
Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
HELM DE MEXICO S.A. |
|
|
|
|
Registered Office : |
ProtónN'2, Col. Parque Industrial Naucalpán, Mun.Naucalpán de Juárez, Estado de México |
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Country : |
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Date of Incorporation : |
03.03.1966 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Importing and distributing raw material for the
pharmaceutical, food and animal feed, industrial chemicals and agrochemical sectors |
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$ 2,500,000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment
Behaviour : |
Regular |
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|
|
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a2 |
a2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
|
CORRECT
COMPANY NAME |
:
|
HELM DE MEXICO S.A. |
|
TRADE
NAME |
:
|
"HELM DE MEXICO" |
|
TAXPAYER
REGISTRATION |
:
|
RFC HME-660303-531 |
|
MAIN
ADDRESS |
:
|
ProtónN'2, Col. Parque
Industrial Naucalpán |
|
CITY |
:
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Mun.Naucalpán de Juárez |
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DEPARTMENT/STATE |
:
|
Estado de México |
|
COUNTRY |
:
|
MEXICO |
|
TELEPHONE |
:
|
52289900 |
|
FAX |
:
|
53005731 |
|
WEB
SITE |
:
|
www.helm-mexico.com.mx |
COMMENTS
.-
Other e-mail: ediaz@helm-mexico.com.mx
SUMMARY
INCORPORATION :
1966
LAST CAPITAL :
No specified
SALES :
0.00
EMPLOYEES :
217
PAYMENTS :
Usually to terms/good
CHIEF EXECUTIVE :
KUHLMANN, MICHAEL
Disposition :
MODERATE (Some general information and some
figures).
LEGAL
BACKGROUNDS
|
LEGAL
ESTATUS |
:
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Joint-Stock Company |
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DATE
OF INCORPORATION |
:
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03MAR1966 |
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START
OF OPERATIONS |
:
|
N/A |
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REGISTERED
IN |
:
|
Mexico D.F. |
|
NOTARY
OFFICE |
:
|
No.96 - Lic.Tomás O´Gorman |
|
DURATION |
:
|
99 years |
|
REGISTRATION |
:
|
Book 3, Volume 628, Page 337
N' 220 |
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INITIAL
CAPITAL |
:
|
Ps$600.= Pesos (old Pesos) |
|
CURRENT
PAID-IN CAPITAL |
:
|
No specified |
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LAST
CAPITAL INCREASE |
:
|
No increase reported |
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SHAREHOLDERS'
EQUITY |
:
|
N/A |
|
TYPE
OF SHARES |
:
|
N/A |
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LISTED AT STOCK EXCHANGE |
:
|
No |
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SHARE
VALUE |
:
|
N/A |
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CURRENT
EXCHANGE RATE |
:
|
Ps$11.97 per USD1.00 |
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MEMBERSHIP |
:
|
N/A |
COMMENTS
.-
HELM DE MEXICO is a member of the National Chamber
of Commerce, Services and Tourism of Naucalpan, State of Mexico and Mexican-German
Chamber of Commerce and Industry - CAMEXA.
HiSTORY
HELM DE MEXICO SA is a company controlled by German
capital founded in 1966 in the City of Mexico.
It is part of an international organization with
more than 60 offices worldwide, through which they trade raw materials.
It started by importing and distributing raw
material for the pharmaceutical industry and then, diversified products for the
food industry, animal nutrition, industrial chemicals and agrochemicals, apart
from establishing head offices in the City of Mexico. Later, they opened
branches in strategic places of the country.
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
OWNERSHIP
% |
|
KUHLMANN, MICHAEL |
Director General |
|
|
BOBADILLA GARCIA, RODOLFO |
Commercial Director |
|
|
DIAZ SANCHEZ, ENRIQUE |
Finance Manager |
|
|
HELM AG |
Parent Co. |
Maj.Shareh |
WHO
IS WHO?
KUHLMANN,
MICHAEL
NATIONALITY : German
DIAZ
SANCHEZ, ENRIQUE
NATIONALITY : Mexican
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
Subject Company is a subsidiary of HELM AG, an
international business organization dedicated to trading chemicals, focused on national
and international distribution of raw material for the pharmaceutical, food,
animal nutrition, industrial chemicals and agrochemicals sectors.
HELM AG was founded in Germany in 1900 and at
present it counts on 1,285 people worldwide.
Main subsidiaries include, among other:
|
COMPANY NAME |
COUNTRY |
RELATION |
|
HELM AG |
GERMANY |
Parent Co. |
|
HELM ANDINA LTDA. |
COLOMBIA |
Subsidiary |
|
HELM ARGENTINA S.R.L. |
ARGENTINA |
Subsidiary |
|
HELM DO BRASIL MERCANTIL
LTDA. |
BRAZIL |
Subsidiary |
|
HELM FERTILIZER CORPORATION |
U.S.A. |
Subsidiary |
|
HELM FERTILIZER HELENA
TERMINAL INC. |
U.S.A. |
Subsidiary |
|
HELM FRANCE S.A.R.L. |
FRANCE |
Subsidiary |
|
HELM GREAT BRITAIN LTD |
UNITED KINGDOM |
Subsidiary |
|
HELM HONG KONG LTD. |
HONG KONG |
Subsidiary |
|
HELM IBERICA S.A. |
SPAIN |
Subsidiary |
|
HELM ITALIA S.R.L. |
ITALY |
Subsidiary |
|
HELM JAPAN LTD. |
JAPAN |
Subsidiary |
|
HELM NEW YORK, INC. |
U.S.A. |
Subsidiary |
|
METHANOL HOLDING (TRINIDAD)
LTD. |
TRINIDAD & TOBAGO |
Subsidiary |
|
SOUTHERN CHEMICAL
CORPORATION |
U.S.A. |
Subsidiary |
BUSINESS
MAIN
ACTIVITY .-
Subject Company is dedicated to Importing and
distributing raw material for the pharmaceutical, food and animal feed,
industrial chemicals and agrochemical sectors.
It operates through the following divisions:
Pharmaceutical Division offers more than 100
products of active ingredients, excipients and other specialties.
Food Division offers a wide variety of additives to
be applied in different areas of food industry; Dairy, meat, beverages, bakery,
confectionery, flavors, canned food and poultry.
Animal Nutrition Division. More than 90 products
and premixes for the balanced. feed industry are traded. Besides, technicians
provide specialized services in formulations, monitoring the stability of
vitamins, determining mycotoxins, as well as offering field support. All in all, they deliver a comprehensive
service to enhance and increase productivity with its customers.
Representation:
HELM AG
IMPORT : Yes
Germany,
Belgium, USA, Colombia, against direct credit
EXPORT : No
|
%
CASH SALES/METHOD |
:
|
10% |
|
%
CREDIT SALES/TERMS |
:
|
90% |
|
% FOREIGN SALES (COUNTRIES) |
:
|
N/A |
|
%
DOMESTIC PURCHASES |
:
|
50% |
|
%
FOREIGN PURCHASES |
:
|
HELM DE MEXICO is a member
of the National Chamber of Commerce, Services and Tourism of Naucalpan, State
of Mexico and Mexican-German Chamber of Commerce and Industry - CAMEXA. |
|
SELLING
TERRITORY |
:
|
Mexican market - 100% |
|
EMPLOYEES |
:
|
217 |
LOCATION
.-
|
Premises |
:
|
Own |
|
Monthly
Amount |
:
|
N/A |
|
Time
Occupied |
:
|
N/A |
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Area |
:
|
2,250 m2 |
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Floors |
:
|
N/A |
|
Equipment |
:
|
N/A |
|
Condition |
:
|
Very good; premises located
at industrial area |
|
Use |
:
|
Headquarters, sales,
warehouse |
Remarks and other Premises .-
Premises has an under cover area of 1,000 m2.
Besides, the Company has seven branches located at:
Chihuahua
Calz. Silvestre Terrazas No. 9204, Col. Los Pinos, 31416 Chihuahua, Chihuahua
Tel.: (614)
418-08-62 / Fax: (614) 418-13-23
E-mail: chihuahua@helm-mexico.com.mx
Córdoba
Calzada Tlacotengo No. 22, Col. Crucero Nacional, 94470 Fortín de las Flores, Veracruz
Tel:. (271) 7161055 - 7161057 / Fax: (271) 7160585
e-mail address: cordoba@helm-mexico.com.mx
Culiacán
Industrias del Sol No. 2836, Col. Parque Ind.
Canacintra II, 80150 Culiacán, Sinaloa
Tel.: (667)
761-50-09 / Fax: (667) 761-50-49
E-mail:
culiacan@helm-mexico.com.mx
Guadalajara
Circuito de la Productividad Sur No. 109, Parque
Ind. Guadalajara, Col. Las Pintas, 45690
El Salto, Jalisco
Tel.: (33)
36-89-12-33/ Fax: (33) 36-89-12-80
E-mail:
guadalajara@helm-mexico.com.mx
León
Calle Circuito Luxma No. 119, Col. Polígono
Industrial Milenio, C.P. 37290, León, Guanajuato
Tel.: (477)
761-03-56 / Fax: (477) 761-36-26
E-mail: leon@helm-mexico.com.mx
Mérida
Calle 19 No. 388 Int. 1, Col. Ampliación Cd.
Industrial, 97390 Uman, Yucatán
Tel.: (999)
919-11-32 / Fax: (999) 919-11-32
E-mail: merida@helm-mexico.com.mx
Monterrey
Carr. Miguel Alemán Km. 16.5-D, Col. Parque Ind. Almacentro,
66600 Apodaca, Nuevo León
Tel.: (81)
82-45-63-00 / Fax: (81) 83-69-38-40
E-mail: monterrey@helm-mexico.com.mx
COMMENTS .-
Sales are targeted at dairy food, bakery, meat, beverage,
seasonings, sweets, canned foods and poultry.
According to the Customs Office Subject Company was
entered in the Importers Register, Sector 83 - Chemicals on May 4, 2006 and
Sector 37 - Precursor Chemicals and Essential Chemicals on February 12, 2008.
The Company's mission is to generate added value
for clients, suppliers, shareholders and society in general, trading products
and services in a suitable atmosphere.
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
Enrique Diaz Sanchez |
|
Position(s) |
:
|
Finance Manager |
|
Cooperation |
:
|
MODERATE (Some general
information and some figures). |
|
Information
Provided |
:
|
He provided general information of the Company except for the financials
due to their confidential nature. He only said turnover for the Fiscal Year
2009 came to US$.150,000,000.=
Dollars. |
FINANCIAL
SITUATION : Active
An indeterminate standing is observed since no
financial elements were available to assess Subject Company's results at
present.
PROPERTY
OF THE COMPANY .-
Main assets of the Company include:
- Transport and logistic network for the seven
distribution centers
- Quality control laboratory equipment
- Pilot plants equipped with state-of-the-art
technology
- Warehouses designed specifically for handling of
pharmaceuticals; area covers 10,000 m2
- Cutting-edge software for an efficient logistics
- Office furniture and fixtures
- Computer equipment
etc.
INSURANCE
.-
Unknown.
PAYMENTS
RECORD
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms (days) |
Perfomance? |
Time |
Products /Services |
|
GELCO S.A. |
COLOMBIA |
575-3446597 |
Open |
US$ 90,000.= |
90 days |
Prompt |
+20years |
Edible gelatin |
NOTE: Other Suppliers did not provide
information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
PRODUCTOS QUIMICOS MARDUPOL
S.A. DE C.V. |
MEXICO |
5255 51180100 |
|
PARTICLE DYNAMICS, INC. |
U.S.A. |
N/A |
|
HELM AG |
GERMANY |
N/A |
BANKING
INFORMATION
BANKERS
.-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
BANCO NACIONAL DE MEXICO SA |
N/A |
N/A |
N/A |
N/A |
N/A |
|
BBVA BANCOMER SA |
N/A |
N/A |
N/A |
N/A |
N/A |
The Company deals with the above entities. They did
not give any information about their client in compliance with the Bank Secrecy
Act.
CREDIT
OPINION
Subject is considered viable for a maximum credit
amount of US$ 2,500,000.= Dollars
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.58 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.61.45 |
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 |
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.