MIRA INFORM REPORT

 

 

Report Date :           

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

BOPISA S.C. DE R.L. DE C.V.

 

 

Registered Office :

Calzada González Gallo 1897, Col. Atlas, Guadalajara, Jalisco

 

 

Country :

Mexico

 

 

Date of Incorporation :

30.11.2006

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of polythene bags and sleeves, bags printing in 6 colors.

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Maximum Credit Limit :

US$ 300,000

 

 

Status :

Undetermined

Payment Behaviour :

----

 

 

Litigation :

----

 

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

IDENTIFICATION

                                                                                                                                 

CORRECT COMPANY NAME

:

BOPISA S.C. DE R.L. DE C.V.

TRADE NAME

:

"BOLSAS Y PLASTICOS INTERNACIONALES"

TAXPAYER REGISTRATION

:

RFC GEP-061130-SIL

MAIN ADDRESS

:

Calzada González Gallo 1897, Col. Atlas

CITY

:

Guadalajara

DEPARTMENT/STATE

:

Jalisco

COUNTRY

:

MEXICO

TELEPHONE

:

36596808

FAX

:

36574627 - 36574628

WEB SITE

:

www.bopisa.com

 

 

SUMMARY

 

FOUNDATION               : 2006

LAST CAPITAL : Not specified

SALES                         : 0.00

PAYMENTS                  : Without rating (No payment experience traced)

CHIEF EXECUTIVE        : SANCHEZ NUÑO, ANGEL

DISPOSITION               : Report prepared through third-party sources.

 

 

LEGAL BACKGROUNDS                                                                                                                                 

 

LEGAL ESTATUS

:

Limited Liability Company

DATE OF INCORPORATION

:

30NOV2006

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Guadalajara

NOTARY OFFICE

:

N/A

DURATION

:

N/A

REGISTRATION

:

N/A

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

Not specified

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

N/A

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

N/A

CURRENT EXCHANGE RATE

:

Ps$11.62 per 1.00 USADollar

MEMBERSHIP

:

N/A

 

COMMENTS .-

Out of we know that the company under investigation was initially called: Grupo Empresarial S.A. De C.V. (RFC GEP-061 130-SIL), with the acronym "GEP".

 

Subsequently  it changed to the current name style: BOPISA S.C. DE R.L. DE C.V.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

SANCHEZ NUÑO, ANGEL

Director General

TOTOZINTLE DIAZ, ANGEL

Sales Manager

BOLIVAR, GUSTAVO

Controller

 

 

WHO IS WHO?                                                                                                                                  

 

SANCHEZ NUÑO, ANGEL

NATIONALITY                           : Mexican

Associated as per our database to :

Company

Position

Tax. Reg.

Country

BOLSAS Y PLASTICOS INTERNACIONALES S.A. DE C.V.

 

BPI-920731-2I8

MEXICO

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER                                                                                                                                 

 

COMPANY NAME

COUNTRY

AX. REG.

RELATION

BOLSAS Y PLASTICOS INTERNACIONALES S.A. DE C.V.

MEXICO

BPI-920731-2I8

Related

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

Manufacture of polythene bags and sleeves, bags printing in 6 colors.

 

Lamination and tri - lamination service of polypropylene, polyester, polyethylene, aluminum and plastic.

 

IMPORT           : Yes

EXPORT           : Yes

% CASH SALES/METHOD

:

N/A

% CREDIT SALES/TERMS

:

N/A

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

Out of records we know that the company under investigation was initially called: Grupo Empresarial S.A. De C.V. (RFC GEP-061 130-SIL), with the acronym "GEP".  Subsequently  it changed to the current name style: BOPISA S.C. DE R.L. DE C.V.

SELLING TERRITORY

:

N/A

EMPLOYEES

:

N/A

 

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

N/A

 

Remarks and other Premises .-

At caption address we find the administrative offices and plant of this company. It occupies modern facilities.

 

Annex location: 2 Norte 1001, San Andrés Cholula, Puebla/Puebla. Tel: (52.22) 24049230 - 24049231.

 

COMMENTS .-

Import machinery.

 

Certified with ISO 9001:2008.

 

Installed capacity of 1,000 tons per month.

 

The subject's customers include:

- Brahma México S.A. de C.V.

- Grupo Pronaca (Ecuador)

- Shell Mexico S.A. de C.V.

 

 

FINANCIAL INFORMATION                                                                                                                                 

 

Interviewee(s)

:

N/A

Position(s)

:

N/A

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

Initially we interviewed Mr. Gustavo Oliva (Controller), who suggested that we send a written request of information for evaluation. We met this requirement immediately, however, we have not received any response back from Mr. Oliva.  Subsequently, we tried to establish contact with other executives of the company but were told that they were in a meeting.  Finally, we were reported that company executives will not authorize disclosure of information as it is deemed confidential. They argue that if a foreign firm is interested in obtaining financial information of their company should ask for it directly and not through intermediaries.  On the other hand, we should note that in Mexico, there is now a climate of violence and crime, which motivates the limited cooperation of business executives in assisting our representatives.  In view of this situation, and as usual in these cases, we have produced this report based on data gathered from various sources of external consultation. No individual balance sheets or referential financial figures were found available during our research for assessmet. 

 

FINANCIAL SITUATION                        :           UNDETERMINED

This is a Mexican company engaged to the extrusion of plastic bags and sleeves.

 

While no adverse record has been detected against this company during our research, still we consider its financial position as undetermined because of not having financial elements that would allow an analysis of its results. Also, we do not know its payment behavior.

 

 

PROPERTY OF THE COMPANY .-

Consist of:  Extrusion and printing machinery, office furniture and computer equipment, local infrastructure and plant, delivery vehicles.

 

 

INSURANCE .-

We do not know with which insurance company work.

 

 

PAYMENTS RECORD                                                                                                                                  

 

NOTE: Other Suppliers did not provide information or could not be consulted.

Supplier

Country

Tel.

Red Consultora de México

MEXICO

(52.33) 36735954

Amitec S.R.L.

ITALY

N/A

Comexi Group Industries S.A.U.

SPAIN

34 972 477744

Costruzioni Meccaniche Luigi Bandera SA

ITALY

N/A

 

 

CREDIT HISTORY

 

The contacted local supplier has not responded to our request for reference because of commercial secret.

 

It is known that the subject's main suppliers are from abroad.

 

 

BANKING INFORMATION                                                                                                                                 

 

The bankers for BOPISA S.C. DE R.L. DE C.V. could not be established.

 

 

CREDIT OPINION                                                                                                                                  

 

Requested Credit :       US$300,000.=

It is eligible for the requested credit, but collaterals are recommended.

NOTE: The Opinion given is confidential referential and with out liability

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.