MIRA INFORM REPORT

 

 

Report Date :           

20.06.2011

 

IDENTIFICATION DETAILS

 

Name :

REGALOS SIGLO XXI S.A. DE C.V.

 

 

Registered Office :

Miguel de Cervantes Saavedra 169-B, Col. Ampliación Granada

Mexico DF, Distrito Federal

 

 

Country :

Mexico

 

 

Date of Incorporation :

18.02.1999

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Import and distribution of merchandise, including giftwares, household items, office supplies, candles, lamps, clocks, dinnerware sets, tableware implements, refractories, among other

 

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

:

REGALOS SIGLO XXI S.A. DE C.V.

TRADE NAME

:

"REGALOS SIGLO XXI "

TAXPAYER REGISTRATION

:

RFC RSX-990218-MP8

MAIN ADDRESS

:

Miguel de Cervantes Saavedra 169-B, Col. Ampliación Granada

CITY

:

Mexico DF

DEPARTMENT/STATE

:

Distrito Federal

COUNTRY

:

MEXICO

TELEPHONE

:

55318043

FAX

:

52821061

WEB SITE

:

www.regalossigloxxi.com.mx

 

COMMENTS .-

Other e-mail: atencion.clientes@regalossigloxxi.com.mx

 

 

SUMMARY              

 

FOUNDATION               : 1999

SALES                         : 0.00

EMPLOYEES                : 100

PAYMENTS                  : Without rating (No payment experience traced)

CHIEF EXECUTIVE        : SILVERSTEIN ZYMAN, MARCOS

DISPOSITION               : Report prepared through third-party sources.

 

 

LEGAL BACKGROUNDS                                                                                                                                  

 

LEGAL ESTATUS

:

Stock Company of Variable Capital

DATE OF INCORPORATION

:

18FEB1999

START OF OPERATIONS

:

1999

REGISTERED IN

:

Mexico D.F.

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$11.84 per USD1.00

MEMBERSHIP

:

N/A

 

 

COMMENTS .-

Personal information of the executives was not disclosed under confidentiality.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                  

 

FULL NAMES / COMPANY NAME

TITLE

SILVERSTEIN ZYMAN, MARCOS

Director General

SILVERSTEIN ZYMAN, DAVID

Finance Director

GALINDO CORREA, ALEJANDRO

Sales Manager

OLMEDO DE LA PEÑA, BEATRIZ

Imports Manager

SANCHEZ ARROYO, CESAR

Controller

LOPEZ, PATRICIA

Accountant

 

 

WHO IS WHO?                                                                                                                                  

 

OLMEDO DE LA PEÑA, BEATRIZ

NATIONALITY                           : Mexican

 

SANCHEZ ARROYO, CESAR

NATIONALITY                           : Mexican

 

 

HiSTORY                                                                                                                                  

 

REGALOS SIGLO XXI S.A. DE C.V. is a Mexican company with over 10 years of experience in the import of various goods mainly brought from the Asiatic Continent.

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER                                                                                                                                 

 

COMPANY NAME

COUNTRY

ASESORIA EN IMPORTACIONES S.C.

MEXICO

 

 

BUSINESS                                                                                                                                  

 

MAIN ACTIVITY .-

Import and distribution of merchandise, including giftwares, household items, office supplies, candles, lamps, clocks, dinnerware sets, tableware implements, refractories, among other.

 

IMPORT           : Yes

                        China, Hong Kong, Italy; at cash

 

EXPORT           : No

% CASH SALES/METHOD

:

05% (public in general)

% CREDIT SALES/TERMS

:

95% -at 60 days (department stores)

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

Personal information of the executives was not disclosed under confidentiality.

SELLING TERRITORY

:

Mexican market - 100%

EMPLOYEES

:

100

 

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

N/A

 

Remarks and other Premises .-

Administrative, commercial and accounting offices and main warehouse operate at the above address.

Corporate Offices: Andres Bello 10, Piso 15, Col. Polanco, Delg. Miguel Hidalgo, Mexico DF

Tel. (5255) 5282 1499

 

Selling Branch:

Miguel de Cervantes Saavadra 183, Col. Ampliacion Granada, Mexico D.F.,

 

Warehouse:

Calle 3 #21, Col. Alce Blanco, 53,560, Naucalpan de Juárez, Edo. de Mexico

 

Formerly, the warehouse was located at Escape 12, Col. Alce Blanco, C.P. 53,560, Naucalpan de Juárez, Edo. de Mexico.

 

COMMENTS .-

Sales are targeted at public in general and at department stores, such as:

- Distribuidora Liverpool S.A. de C.V.

- El Palacio de Hierro S.A. de C.V.

- etc.

 

Personnel services is provided by the related company - ASESORIA EN IMPORTACIONES S.C.

 

 

FINANCIAL INFORMATION                                                                                                                                 

 

Interviewee(s)

:

Patricia López

Position(s)

:

Accountant

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

We talked to Patricia López, Accountant,  who provided general information. With regards to the financials and the shareholders, she asked to send a letter to be evaluated but so far she has not replied. In view of this situation we consulted other sources to complete this report but no balance sheets or estimated accounting elements were available.  In case of favorable answer, additional information will be sent, if not consider this report definitive.

 

FINANCIAL SITUATION                        :           UNDETERMINED

Financial standing is considered to be Indeterminate since no accounting elements were available to assess this Company current results.

 

 

PROPERTY OF THE COMPANY .-

The Subject has available:

-Office equipment/fixtures

-Computer equipment

-Work equipment

etc.

 

 

INSURANCE .-

Company

Againts

Amount

Expiration

CHARTIS SEGUROS MEXICO S.A. DE C.V.

N/A

N/A

N/A

 

 

PAYMENTS RECORD                                                                                                                                  

 

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

Supplier

Country

Tel.

ALMACENADORA DE DEPOSITO MODERNO SA DE CV

MEXICO

5255 53181990

OÑATE, WILLY Y CIA. S.C.

MEXICO

5255 57719902

FREE WING CO.

CHINA

N/A

IMATION INDUSTRIAL COMPANY

HONG KONG

N/A

RCR CRISTALERIA ITALIANA

ITALY

N/A

 

CREDIT HISTORY.-

We asked the above supplier for information but they did not provide references under their internal policy.

 

BANKING INFORMATION                                                                                                                                  

 

BANKERS .-

Bank

Contact

Telephone

Account #

DC (S/.)

FC (US$)

BANCO NACIONAL DE MEXICO S.A.

N/A

N/A

N/A

N/A

N/A

BBVA BANCOMER S.A.

N/A

N/A

N/A

N/A

N/A

Subject Company deals with the aforesaid banks. Further particulars were not available under privacy policy.

 

 

CREDIT OPINION                                                                                                                                 

 

Requested Credit :       MAXIMUM CREDIT

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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.