MIRA INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
DISTRIBUIDORA METALICA S.A. DE C.V. |
|
|
|
|
Registered Office : |
Año de Juárez 387 Col. Granjas San Antonio, postal Code 09070, City México DF, Distrito Federal |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Year of Establishment : |
1947 |
|
|
|
|
Com. Reg. No.: |
Mexico Public Registration
DF 13/04/1967 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
Subject is engaged in the
purchase and sale of steel and metals |
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$ 30,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Mexico |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
|
CORRECT
COMPANY NAME |
:
|
DISTRIBUIDORA METALICA S.A.
DE C.V. |
|
TRADE
NAME |
:
|
"DM" |
|
TAXPAYER
REGISTRATION |
:
|
RFC DME-670413-CU8 |
|
MAIN
ADDRESS |
:
|
Año de Juárez 387 Col.
Granjas San Antonio |
|
POSTAL
CODE |
:
|
09070 |
|
CITY |
:
|
México DF |
|
DEPARTMENT/STATE |
:
|
Distrito Federal |
|
COUNTRY |
:
|
MEXICO |
|
TELEPHONE |
:
|
(5255) 54904424 |
|
FAX |
:
|
54904424 pedir tono |
|
WEB
SITE |
:
|
SUMMARY
FOUNDATION :
1967
LAST CAPITAL :
Ps$50,000.= Pesos
SALES :
0.00
EMPLOYEES :
275
PAYMENTS :
Usually to terms/good
CHIEF EXECUTIVE :
NAVA FUENTES, MIGUEL MARCOS
DISPOSITION :
(They) refused to give information (only confirmed
some data).
LEGAL
BACKGROUNDS
|
LEGAL
ESTATUS |
:
|
Stock Company of Variable
Capital |
|
DATE
OF INCORPORATION |
:
|
1947 |
|
START
OF OPERATIONS |
:
|
N/A |
|
REGISTERED
IN |
:
|
Mexico F.D. |
|
NOTARY
OFFICE |
:
|
N/A |
|
DURATION |
:
|
99 years |
|
REGISTRATION |
:
|
Mexico Public Registration
DF 13/04/1967 |
|
INITIAL
CAPITAL |
:
|
N/A |
|
CURRENT
PAID-IN CAPITAL |
:
|
Ps$50,000.= Pesos |
|
LAST
CAPITAL INCREASE |
:
|
N/A |
|
SHAREHOLDERS'
EQUITY |
:
|
N/A |
|
TYPE
OF SHARES |
:
|
Registered |
|
LISTED AT STOCK EXCHANGE |
:
|
No |
|
SHARE
VALUE |
:
|
N/A |
|
CURRENT
EXCHANGE RATE |
:
|
Ps$13.14 per 1.00 USADollar |
|
MEMBERSHIP |
:
|
NATIONAL CENTER FOR THE
DEVELOPMENT OF STEEL. CANACO |
COMMENTS
.-
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
OWNERSHIP
% |
|
NAVA FUENTES, MIGUEL MARCOS |
President |
50% |
|
NAVA FUENTES, EUGENIO |
Treasurer |
50% |
|
CAMARA GONZALEZ, HUGO |
Administrative Manager |
|
|
JIMENEZ MORENO, JAIME |
Purchasing Head |
|
|
LOPEZ, VENANCIO PEDRO |
General Accountant |
|
WHO
IS WHO?
NAVA
FUENTES, MIGUEL MARCOS
NATIONALITY : Mexican
BUSINESS
HISTORY
The Company started to operate in 1947, in Mexico
city, Distrito Federal as DISTRIBUIDORA METALICA S.R.L. DE C.V., changing on
April 13th, 1967 its legal style to Variable Capital Corporation in order to
sell and purchase steel and metals.
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
|
COMPANY NAME |
COUNTRY |
RELATION |
|
ACTIVIDADES ADMINISTRATIVAS
INTEGRADAS S.A. |
MEXICO |
Related |
|
IDASA INTERNACIONAL DE
ACEROS S.A. DE C.V. |
MEXICO |
Related |
|
INMOBILIARIA ESTRELLA DEL
SUR S.A. DE C.V. |
MEXICO |
Related |
BUSINESS
MAIN
ACTIVITY .-
They are engaged in the purchase and sale of steel
and metals.
Trading products: Smooth sheet, grooved sheet,
plate, stainless fitting and valves, wires, welding, wire netting, etc.
Brands: THYSEENKRUPP, CUPRUM, NACOBRE, TERNIUM,
WALTER, HYPERTHERM, PROARC, etc.
IMPORT : Yes
from
USA, India and South Africa.
EXPORT : No
|
%
CASH SALES/METHOD |
:
|
40% |
|
%
CREDIT SALES/TERMS |
:
|
60% (terms: 30-60 days) |
|
% FOREIGN SALES (COUNTRIES) |
:
|
N/A |
|
% DOMESTIC PURCHASES |
:
|
60% |
|
% FOREIGN PURCHASES |
:
|
40% |
|
SELLING TERRITORY |
:
|
National Market |
|
EMPLOYEES |
:
|
275 |
LOCATION
.-
|
Premises |
:
|
N/A |
|
Monthly
Amount |
:
|
N/A |
|
Time
Occupied |
:
|
N/A |
|
Area |
:
|
1,430 m2. |
|
Floors |
:
|
1 |
Remarks and other Premises .-
This address belongs to the registered and
administrative offices, warehouse and point of sale.
Branches: Subject has 8 branches located at:
*GUADALAJARA POINT OF SALE: Av. Lazaro Cardenas N'
1345, Col. Fraccionamiento El Alamo Industrial, Guadalajara, Jalisco.
Telephone: +52 33 3666 2480.
* MONTERREY POINT OF SALE: Pablo A. Glez. No. 911-A
Pte, Col. Parque Industrial Carlos Ruiz Cortines, Guadalupe, Nuevo León.
Telephone: +52 81 8123 0671
* QUERETARO POINT OF SALE: Av. 5 de Febrero No.
1264, Col. La Piedad, Querétaro, Querétaro. Telephone: +52 44 2216 8571
* NAUCALPAN POINT OF SALE: Av. 16 de Septiembre No.
68-B, Col. Alce Blanco, Naucalpan, Estado de México. Telephone: +52 55 5576
7800
* TOLUCA POINT OF SALE: 1° de Mayo Ote. No. 1706,
Col. Zona Industrial, Toluca, Estado de México. Telephone: +52 72 2216 8816
* PUEBLA POINT OF SALE: Gran Avenida No. 3672, Col.
Las Cuartillas, Puebla, Puebla. Telephone: +52 22 2220 7006
* TORREON POINT OF SALE: Av. Arista No. 1515 Ote.
Col. Centro, Torreón, Coahuila
Telephone: +52 87 1722 1153
* VALLEJO POINT OF SALE : Poniente 116 No. 441,
Col. Industrial Vallejo, México, Distrito Federal. Telephone: +52 55 5567 4322
COMMENTS .-
Company carries out sales as follows: 20% retail
and 80% wholesale.
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
Sr. Hugo Camara González |
|
Position(s) |
:
|
Administrative Manager |
|
Cooperation |
:
|
(They) refused to give
information (only confirmed some data). |
|
Information
Provided |
:
|
The interviewee collaborated
with general information except for financial statements which are considered
confidential. This person only
affirmed that Company reports monthly sales amounted to $ 30,000,000.00
(Thirty million Pesos 00/100 M.N.)
Additionally, we turned to third party sources, public registries and
gathering thus information included in this report. DISTRIBUIDORA METALICA, S.A. DE C.V. is
a Mexican company of private capital. It has operated many years in the
country since 1947, in Mexico city, Distrito Federal as trading company of
steel and metals. No financial information under the Subject’s name was
found. Subject’s creditworthiness respect to local suppliers deserves a
good rating without restrictions. According to consulted sources, no negative
background was found. |
FINANCIAL
SITUATION : UNDETERMINED
We consider the Company's financial situation as
Undetermined because of not having financial elements that allow an analysis of
their results.
PROPERTY
OF THE COMPANY .-
Properties: The company reports the property as
owned premises, with a total area of 1,430 m2, divided into administrative
offices, warehouse and point of sale.
Vehicles: No related information was found.
Machinery and Equipment: Subject has desks,
shelves, computer equipment, office equipment, telephones, fax, line-related
machinery, etc. Everything owned by the company.
INSURANCE
.-
Subject has a business and vehicle insurance policy.
|
Company |
Againts |
Amount |
Expiration |
|
SEGUROS MAPFRE TEPEYAC SA DE
CV |
Different risks |
N/A |
N/A |
PAYMENTS
RECORD
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
NACOBRE S.A. DE C.V. |
MEXICO |
5255 5728 5300 |
Ps$ 250,000 |
N/A |
30-days invoice |
Prompt |
1990 |
Iron sheet |
|
CUPRUM, S.A. DE C.V. |
MEXICO |
5255 57467800 |
Ps$ 370,000 |
N/A |
30 days prom. note |
Prompt |
2001 |
Aluminiun profile |
|
NYLAMID, S.A. DE C.V. |
MEXICO |
52728 2829110 |
US$ 3,000.= |
N/A |
15 days invoice |
Prompt |
1998 |
Plastic for machinery |
|
ACEROPCIS, S.A. DE C.V. |
MEXICO |
5255 57051258 |
Open |
N/A |
30 days invoice |
Prompt |
1994 |
stainless steel |
|
THYSSENKRUP MEXINOX, S.A. DE
C.V |
MEXICO |
52444 8265100 |
Non specified |
N/A |
N/A |
N/A |
N/A |
N/A |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
TUBOS Y BARRAS HUECAS SA DE
CV |
MEXICO |
55 10834140 |
|
KJ STEEL AND ALUMINIUM SA DE
CV |
MEXICO |
55 57290970 |
|
MEXINOX SA DE CV |
MEXICO |
444 8265100 |
|
NAS MEXICO, S.A. DE C.V. |
MEXICO |
N/A |
|
VIRAJ |
INDIA |
N/A |
|
SALZGITTER, AG |
GERMANY |
N/A |
LAWSUITS .-
No inhibitions, demands,
notices, bankruptcies, auction, forfeiture of accounts, delinquent operations
under Subject’s name were found.
BANKING
INFORMATION
BANKERS
.-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
BBVA BANCOMER SA |
N/A |
N/A |
N/A |
N/A |
N/A |
|
NACIONAL DE MÉXICO SA |
N/A |
N/A |
N/A |
N/A |
N/A |
Subject is a client of the above-mentioned banks
which affirmed based on current legal regulations that they are not able to
provide data related to transactions due to Bank Secrecy Act.
CREDIT
OPINION
Requested
Credit : Maximum
Suggested
Credit : US$30,000.=
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
UK Pound |
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.