MIRA INFORM REPORT
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Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
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Name : |
BENDIX CVS DE MEXICO S.A. DE C.V. |
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Registered Office : |
Rio Lerma 108 #2, Col. Fraccionamiento
Ind. Tlaxcolpan, Tlalnepantla |
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Country : |
Mexico |
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Date of Incorporation : |
12.08.1999 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Commercialization and
distribution of anti-lock brake systems ABS, chambers, compressors, indication devices, alarm and stopcocks |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Mexico |
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 |
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Off-credit |
D |
IDENTIFICATION
|
CORRECT
COMPANY NAME |
:
|
BENDIX CVS DE MEXICO S.A. DE
C.V. |
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TRADE
NAME |
:
|
N/A" |
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TAXPAYER
REGISTRATION |
:
|
RFC BCM990812MM9 |
|
MAIN
ADDRESS |
:
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Rio Lerma 108 #2, Col.
Fraccionamiento Ind. Tlaxcolpan |
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CITY |
:
|
Tlalnepantla |
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DEPARTMENT/STATE |
:
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México |
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COUNTRY |
:
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MEXICO |
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TELEPHONE |
:
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16659040 |
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FAX |
:
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16659045 |
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WEB
SITE |
:
|
www.bendixmex.com.mx |
SUMMARY
FOUNDATION :
1999
SALES :
0.00
EMPLOYEES :
20
PAYMENTS :
Without rating (No payment experience traced)
CHIEF EXECUTIVE :
ALEGRIA, ALONSO
DISPOSITION :
Report prepared through third-party sources.
LEGAL
BACKGROUNDS
|
LEGAL
ESTATUS |
:
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Stock Company of Variable
Capital |
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DATE
OF INCORPORATION |
:
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12AUG1999 |
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START
OF OPERATIONS |
:
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N/A |
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REGISTERED
IN |
:
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Tlalnepantla |
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NOTARY
OFFICE |
:
|
N/A |
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DURATION |
:
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99 years |
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REGISTRATION |
:
|
N/A |
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INITIAL
CAPITAL |
:
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N/A |
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CURRENT
PAID-IN CAPITAL |
:
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N/A |
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LAST
CAPITAL INCREASE |
:
|
N/A |
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SHAREHOLDERS'
EQUITY |
:
|
N/A |
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TYPE
OF SHARES |
:
|
N/A |
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LISTED
AT STOCK EXCHANGE |
:
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N/A |
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SHARE
VALUE |
:
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N/A |
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CURRENT
EXCHANGE RATE |
:
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Ps$11.62 per 1.00 USADollar |
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MEMBERSHIP |
:
|
N/A |
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
OWNERSHIP
% |
|
ALEGRIA, ALONSO |
Finance Manager |
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CAIRO, JOHN |
Production Manager |
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KNORR-BREMSE AG |
Parent Co. |
100% |
WHO
IS WHO ?
ALEGRIA,
ALONSO
NATIONALITY : Mexican
KNORR-BREMSE
AG
BACKGROUND INFORMATION
BUSINESS
HISTORY
The subject is part of the German group,
Knorr-Bremse AG, manufacturer of braking systems for vehicles and trains. It
has operations for over 100 years.
In 2009 the group had more than 14,000 workers.
Global sales of the group amount to € 2,761
billion.
Bendix Spicer Foundation Brake LLC, a joint venture
between Bendix Commercial Vehicle Systems LLC and Dana Commercial Vehicle
Products LLC latter reorganized its production of spring brake actuators and
brake chambers at the end of 2010 and transferred it in December 2010 from
DI-PRO INC in Fresno, California to new facilities of Bendix in Acuña, Mexico.
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
|
COMPANY NAME |
COUNTRY |
RELATION |
|
BCVS MEXICAN HOLDINGS LLC |
U.S.A. |
Related |
|
BENDIX COMMERCIAL VEHICLE
SYSTEMS LLC |
U.S.A. |
Related |
|
KNORR-BREMSE AG |
GERMANY |
Parent Co. |
|
KNORR-BREMSE SISTEMAS PARA
VEHICULOS COMERCIAIS BRASIL LTDA. |
BRAZIL |
Related |
|
MAQUILADORA DE ACUÑA S.A. DE
C.V. |
MEXICO |
Related |
BUSINESS
MAIN
ACTIVITY .-
Commercialization and distribution of anti-lock
brake systems ABS, chambers, compressors,
indication devices, alarm and stopcocks.
Systems for commercial vehicles.
|
%
CASH SALES/METHOD |
:
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N/A |
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%
CREDIT SALES/TERMS |
:
|
N/A |
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%
FOREIGN SALES (COUNTRIES) |
:
|
N/A |
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%
DOMESTIC PURCHASES |
:
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N/A |
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%
FOREIGN PURCHASES |
:
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N/A |
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SELLING
TERRITORY |
:
|
N/A |
|
EMPLOYEES |
:
|
20 |
LOCATION
.-
|
Premises |
:
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N/A |
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Monthly
Amount |
:
|
N/A |
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Time
Occupied |
:
|
N/A |
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Area |
:
|
N/A |
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Floors |
:
|
N/A |
Remarks and other Premises .-
The company operates from premises located at the
above noted address, consisting of its administrative offices and logistics
center.
PRODUCTION PLANT: Carretera Presa La Amistad Km.
6.5 Parque Industrial Amistad, Piedras Negras, Acuña, Coahuila, C.P:26200, Tel:
52877 7730504
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
N/A |
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Position(s) |
:
|
N/A |
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Cooperation |
:
|
Report prepared through
third-party sources. |
|
Information
Provided |
:
|
This report has been developed
entirely by external sources in view that it has been impossible to establish
contact with Mr. Alonso Alegria (CFO and head of the Plant in Mexico) as he
is currently pursuing a training process. We have tried to contact with any
other executive without success. |
FINANCIAL
SITUATION : UNDETERMINED
The company's financial position is considered as
undetermined because of not having financial elements that would allow an
analysis of their results.
This is a company established in 1999, backed by
its parent company that has wide business experience.
PAYMENTS
RECORD
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
GRUPO GILEM S.A. DE C.V. |
MEXICO |
5255 58167281 |
|
MAQUILADORA DE ACUÑA S.A. DE
C.V. |
MEXICO |
52877 7730504 |
CREDIT HISTORY .-
The contacted suppliers still haven't answered our
reference requests.
BANKING
INFORMATION
BANKERS
.-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
NACIONAL DE MEXICO |
N/A |
N/A |
N/A |
N/A |
N/A |
The subject deals with the aforementioned bank that
has refused information under privacy policy.
CREDIT
OPINION
Requested
Credit : Maximum
A credit opinion can not be given due to the lack
of financials and payment experience.
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
UK Pound |
1 |
Rs.70.95 |
|
Euro |
1 |
Rs.63.63 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.