MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
EL RUISEÑOR DE MEXICO S.A. DE C.V. |
|
|
|
|
Registered Office : |
Zona 1, Sector 3, Nave 1, Bodegas C21 y C23, Central de Abastos, Iztapalapa 09040 México DF Distrito Federal |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.06.1990 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
Processing and
distribution of pistachios, nuts, almonds, norwegian codfish, pasta products,
dried peppers, chocolates, etc. |
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 : |
USD 50,000 |
|
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 30, 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 |
: |
EL RUISEÑOR DE MEXICO S.A.
DE C.V. |
|
TRADE NAME |
: |
N/A" |
|
TAXPAYER REGISTRATION |
: |
RFC RME-900608-5XA |
|
MAIN ADDRESS |
: |
Zona 1, Sector 3, Nave 1,
Bodegas C21 y C23, Central de Abastos, Iztapalapa |
|
POSTAL CODE |
: |
09040 |
|
CITY |
: |
México DF |
|
DEPARTMENT/STATE |
: |
Distrito Federal |
|
COUNTRY |
: |
MEXICO |
|
TELEPHONE |
: |
(5255)
56943875-56944051-56940960 |
|
FAX |
: |
56943452 |
|
WEB SITE |
: |
www.ruisenor.com.mx |
COMMENTS .-
Please note the legal name of company is as shown
above and not FL RUISEÑOR DE MEXICO S.A. DE C.V. as given in your order.
SUMMARY
FOUNDATION : 1990
LAST CAPITAL : Ps$15,000,000.= Pesos
SALES : 20,207,860.62
EMPLOYEES : 45
PAYMENTS : Usually to terms/good
CHIEF EXECUTIVE : CAMACHO MORALES, RAUL
DISPOSITION : TOTAL (Full information and figures).
Legal backgrounds
|
LEGAL ESTATUS |
: |
Stock Company of Variable
Capital |
|
DATE OF INCORPORATION |
: |
08JUN1990 |
|
START OF OPERATIONS |
: |
N/A |
|
REGISTERED IN |
: |
Mexico F.D. |
|
NOTARY OFFICE |
: |
N/A |
|
DURATION |
: |
99 years |
|
REGISTRATION |
: |
N/A |
|
INITIAL CAPITAL |
: |
N/A |
|
CURRENT PAID-IN CAPITAL |
: |
Ps$15,000,000.= Pesos |
|
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$12.36 per USD 1.00 Dollar |
|
MEMBERSHIP |
: |
N/A |
COMMENTS .-
Incorporation could not be obtained.
Personal information of the executives was not
disclosed under confidential policies.
Subject is a member of the Chamber of Commerce of
the City of Mexico.
Directors
/ executive / shareholders
|
FULL NAMES / COMPANY NAME |
TITLE |
OWNERSHIP % |
|
CAMACHO MORALES, RAUL |
Director General |
12.5% |
|
AMADOR CHAVEZ, ALBERTO |
Admin. & Finance Manager |
|
|
VILLEGAS ENRIQUEZ, YARA |
Accountant |
|
|
GALINDO, ELISIA |
Imports Chief |
|
|
CAMACHO ESQUIVEL, RAUL |
Sole Administrator |
26% |
|
MORALES, MARIA DE LOS
ANGELES |
Shareholder |
24% |
|
CAMACHO MORALES, EVANGELINA |
Shareholder |
12.5% |
|
CAMACHO MORALES, PATRICIA |
Shareholder |
12.5% |
|
CAMACHO MORALES, RAFAEL |
Shareholder |
12.5% |
Who
is who?
CAMACHO MORALES, RAUL
NATIONALITY : Mexican
BORN : 1973
CAMACHO ESQUIVEL, RAUL
NATIONALITY : Mexican
BORN : 1946
Business
MAIN ACTIVITY .-
Subject is engaged in the processing and
distribution of pistachios, nuts, almonds, norwegian codfish, pasta products,
dried peppers, chocolates, etc.
Sales: Wholesale - 50%
Retail - 50%
Brands sold: MARWELL, LA ANITA, CARBONELL,
DELGALLO, SAN PEDRO, SAN MARCOS, SABRO SOYA, etc.
IMPORT : Yes
China,
India, Pakistan, Chile, Norway, Sri Lanka, USA and Peru; through
L/Cs
and wire transfers
EXPORT : No
|
% CASH SALES/METHOD |
: |
40% |
|
% CREDIT SALES/TERMS |
: |
60% (terms of 30 days) |
|
% FOREIGN SALES (COUNTRIES) |
: |
N/A |
|
% DOMESTIC PURCHASES |
: |
85% |
|
% FOREIGN PURCHASES |
: |
15% |
|
SELLING TERRITORY |
: |
100% - Domestic market |
|
EMPLOYEES |
: |
76(*) |
LOCATION .-
|
Premises |
: |
Own |
|
Monthly Amount |
: |
N/A |
|
Time Occupied |
: |
N/A |
|
Area |
: |
N/A |
|
Floors |
: |
2 |
Remarks and other Premises .-
Facilities with basement, located inside the
povision market of Mexico city, the largest provision market of the country.
A view of the premises revealed good stock of
merchandise as well as busy clientele.
Besides, Subject has points of sale as follows:
1 in La
Merced
1 in State
of Mexico
1 in
Chihuahua
3
Warehouses in F.D.
Offices in USA:
- L.A. Downtown Store: 1021 E 8th. St.#B - Los
Angeles - USA.
- EL RUISEÑOR MEXICO, INC.
5512 5th. Avenue , Santa Fe, Vermon
CA 90058 - U.S.A.
COMMENTS .-
*Comments on Staff:
Will hire 76 in december for campaign, will reduce number then to 56
people.
Clients:
Industrialists, merchants, self-service stores, etc.
Financial
information
|
Interviewee(s) |
: |
Mr. Alberto Amador Chavez |
|
Position(s) |
: |
(Financial Manager) |
|
Cooperation |
: |
TOTAL (Full information and
figures). |
|
Information Provided |
: |
N/A |
BALANCE SHEET
|
BALANCE SHEET DATE |
31DEC2010 |
|
|
|
|
PERIOD |
12 Months |
|
|
|
|
EXCHANGE RATE PER US$ |
12.34 |
|
|
|
|
CURRENCY |
Pesos |
|
|
|
|
ASSETS |
|
|
|
|
|
TOTAL CURRENT |
177,306,000.00 |
|
|
|
|
FIXED |
7,017,000.00 |
|
|
|
|
TOTAL ASSETS |
184,323,000.00 |
|
|
|
|
LIABILITIES |
|
|
|
|
|
TOTAL CURRENT |
19,150,000.00 |
|
|
|
|
LONG TERM |
17,415,000.00 |
|
|
|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
|
TOTAL EQUITY |
147,758,000.00 |
|
|
|
|
TOTAL LIABILITIES |
184,323,000.00 |
|
|
|
|
SALES |
249,365,000.00 |
|
|
|
|
PROFIT(LOSS) |
30,073,000.00 |
|
|
|
RATIO
|
LIQUIDITY RATIO |
9.26 |
(Current Assets/Current
Liabilities) |
|
DEBT-TO-EQUITY RATIO |
771.58 |
(Shareholders's
equity/Current Liabilities %) |
|
PROFITABILITY MARGIN |
12.06 |
(Profits/Sales %) |
|
WORKING CAPITAL |
158,156,000.00 |
(Current Assets - Current
Liabilities) |
FINANCIAL SITUATION : SATISFACTORY
According to latest financial statements submitted,
we estimate the financial situation of the investigated company as Satisfactory
, because it shows an adequate above-average liquidity ratio. Its working
capital is positive and allows for an orderly payment performance. Debt/equity
ratio is acceptable. The economic results have been satisfactory.
PROPERTY OF THE COMPANY .-
Subject has available adequate office equipment and
furnishings, computer equipment, motor vehicles, etc.
INSURANCE .-
No more details available on insurance.
|
Company |
Againts |
Amount |
Expiration |
|
A & G INTERACCIONES |
N/A |
N/A |
N/A |
|
AXXA SEGUROS |
N/A |
N/A |
N/A |
Payments
record
TRADE REFERENCES .-
|
Supplier |
Country |
Tel. |
Line of Credit |
Monthly Average |
Terms(days) |
Perfomance? |
Time |
Products/Services |
|
AQUA SILVERTEK |
MEXICO |
52-55-56393572 |
Unlimited |
Ps$ 10,000.= Pesos |
cheque 30 days |
Prompt |
15 years |
Water purification systems |
|
MERCANTIL VILLACARRIEDO S.A.
DE C.V. |
MEXICO |
52-55-56942880 |
Unlimited |
N/A |
cheque 30 days |
Prompt |
+10 yrs. |
Dried chiles. |
NOTE: Other Suppliers did not
provide information or could not be consulted.
|
Supplier |
Country |
Tel. |
|
SURTIDORA ABARROTERA S.A. DE
C.V. |
MEXICO |
52-55-56940081 |
CREDIT HISTORY .-
Our investigation through the public records did
not show any adverse information or payment default.
Banking
information
BANKERS .-
|
Bank |
Contact |
Telephone |
Account # |
DC (S/.) |
FC (US$) |
|
MERCANTIL DEL NORTE S.A. |
N/A |
N/A |
709001558 |
X |
N/A |
|
BANAMEX |
N/A |
N/A |
N/A |
N/A |
N/A |
|
GRUPO FINANCIERO SANTANDER
SER |
N/A |
N/A |
N/A |
N/A |
N/A |
The subject is a customer of those banks, which
when consulted told us that in compliance with current legal regulations, can
not provide data on their customer movements out of respect to banking secrecy.
General
information
REPUTATION .-
NOTHING
AGAINST COMPANY
Credit
opinión
Requested Credit : MAXIMUM
Suggested Credit : USD50,000.=
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
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.