MIRA INFORM REPORT

 

 

Report Date :           

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

GRUPO BERHFER S.A. DE C.V.

 

 

Registered Office :

Privada Calle 22 # 2725-D, Col. Zona Industrial, Guadalajara, Jalisco

 

 

Country :

Mexico

 

 

Year of Establishment :

1967

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Import and distribution of industrial chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

 

IDENTIFICATION                                                                                                                                  

 

CORRECT COMPANY NAME

:

GRUPO BERHFER S.A. DE C.V.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RFC GBE-871110-FU1

MAIN ADDRESS

:

Privada Calle 22 # 2725-D, Col. Zona Industrial

CITY

:

Guadalajara

DEPARTMENT/STATE

:

Jalisco

COUNTRY

:

MEXICO

TELEPHONE

:

31450204

FAX

:

31450204

WEB SITE

:

www.berhfer.com.mx (under construction)

 

COMMENTS .-

Fax Extension: 112.

 

Other e-mails: jgalan@hotmail.com; ventas1@berhfer.com

 

 

SUMMARY

 

FOUNDATION               : 1967

SALES                         : 0.00

EMPLOYEES                : 12

PAYMENTS                  : Without rating (No payment experience traced)

CHIEF EXECUTIVE        : BERRON AUTRIQUE, HECTOR JAVIER

DISPOSITION               : (They) refused to give information (only confirmed some data).

 

 

LEGAL BACKGROUNDS                                                                                                                                

 

LEGAL ESTATUS

:

Stock Company of Variable Capital

DATE OF INCORPORATION

:

1967

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Guadalajara/Jalisco

NOTARY OFFICE

:

N/A

DURATION

:

99 years

REGISTRATION

:

N/A

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

N/A

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$11.57 per USD1.00

MEMBERSHIP

:

N/A

 

COMMENTS .-

It was not possible to get the incorporation neither the amount of the share capital nor shareholders structure.

 

The Company is a member of the Chem Sources Members-G.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

BERRON AUTRIQUE, HECTOR JAVIER

Director General

MARTINEZ GALBAN, JUAN

General Accountant

REYNA MOLINA, FELIPE

Manager -Monterrey Branch

 

 

WHO IS WHO?                                                                                                                                 

 

BERRON AUTRIQUE, HECTOR JAVIER

NATIONALITY                           : Mexican

PROFESSION                           : Licentiate

 

MARTINEZ GALBAN, JUAN

NATIONALITY                           : Mexican

PROFESSION                           : Public Accountant

 

REYNA MOLINA, FELIPE

NATIONALITY                           : Mexican

PROFESSION                           : Engineer

 

 

BUSINESS                                                                                                                                  

 

MAIN ACTIVITY .-

Import and distribution of industrial chemicals.

IMPORT           : Yes

                        Germany, Brazil, India and USA; direct credit at 60 and 90 days

EXPORT           : No

% CASH SALES/METHOD

:

10%

% CREDIT SALES/TERMS

:

90% at 30 and 45 days

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

30%

% FOREIGN PURCHASES

:

It was not possible to get the incorporation records neither the amount of the share capital nor shareholders structure.  The Company is a member of the Chem Sources Members-G.

SELLING TERRITORY

:

Domestic market - 100%

EMPLOYEES

:

12

 

 

LOCATION .-

Premises

:

Rented

Monthly Amount

:

Ps$15,000.= Pesos

Time Occupied

:

N/A

Area

:

N/A

Floors

:

1

 

Remarks and other Premises .-

The above address belongs to the headquarters, commercial offices of the Company located at industrial area of the City.

 

Branch: Gardenia 825, Col. Victoria, Monterrey - Nuevo León, CP 64520.

Tel.:(5281)83519836, Fax.(5281) 83310795.

 

 

FINANCIAL INFORMATION                                                                                                                                 

 

Interviewee(s)

:

Miriam Gutiérrez.

Position(s)

:

Assistant

Cooperation

:

(They) refused to give information (only confirmed some data).

Information Provided

:

Ms. Gutierrez declined to give operating information and the financials as she had not been authorized by the Director General.  We sent a letter in advance to Héctor Berrón, Director General, but so far he has not replied. Attempts to contact him subsequently despite the reminders left were useless.  Hence, this report has been completely prepared based on data collected from outside sources where no balance sheets or estimated accounting elements were available.

 

FINANCIAL SITUATION                        :           UNDETERMINED

Financial situation is considered to be indeterminate since no accounting elements were found to assess Subject Company current results.  Found no trade references either showing its payment record.

 

Based on what we investigated, GRUPO BERHFER S.A. DE C.V., is a Mexican company operating in the market since 1967, dedicated to importing and trading industrial chemicals, having no found during the course of its activities negative backgrounds against its reputation, hence, we believe it operates under a stable trend.

 

 

PROPERTY OF THE COMPANY .-

They include:

 

-  Office furniture and fixtures

-  Computers

-  Vehicles

 

INSURANCE .-

Company

Againts

Amount

Expiration

GRUPO NACIONAL PROVINCIAL SA DE CV

All risk

No specified

No specified

 

 

PAYMENTS RECORD                                                                                                                                 

 

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

Supplier

Country

Tel.

Superbásicos SA de CV

MEXICO

N/A

Grupo Lea de México SA de CV

MEXICO

(52-81)83694571

Kemikal de México SA de CV

MEXICO

N/A

NS Data Recovery

MEXICO

(52-33)35608593

Long Qin Trading Co. Ltda.

CHINA

N/A

 

 

CREDIT RISK CENTRAL .-

No bad records were found in databases we could access to.

 

CREDIT HISTORY .-

Previous reports show a clear trade historical record.

 

 

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 bank.

It should be mentioned that in Mexico it is not possible to get bank references without the account number, name of the account executive and the branch office where such accounts were opened.

 

 

GENERAL INFORMATION                                                                                                                                  

 

REPUTATION .-

NOTHING  AGAINST COMPANY

 

 

CREDIT OPINION                                                                                                                                 

 

Requested Credit Rating :        MAXIMUM CREDIT

 

We cannot recommend a credit line.  Neither balance sheets nor trade references were available to determine this Company financial condition and borrowing capacity.

 

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

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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.