MIRA INFORM REPORT

 

 

Report Date :           

29.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CENTRAL MOLINERA LA MERCED S.A. DE C.V.

 

 

Registered Office :

General Anaya 6, Locales A y B, Col. Merced Balbuena, Delg. Venustiano Carranza, Postal code 15810, México DF, Distrito Federal

 

 

Country :

Mexico

 

 

Date of Incorporation :

23.09.1991

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Purchase and sale of chiles, spices, food, condiments, sauces, raw materials for the food industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Usually Correct 

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

 

IDENTIFICATION    

                                                                                                                            

CORRECT COMPANY NAME

:

CENTRAL MOLINERA LA MERCED S.A. DE C.V.

TRADE NAME

:

"CENTRAL MOLINERA LA MERCED"

TAXPAYER REGISTRATION

:

RFC CMM-910923-DE1

MAIN ADDRESS

:

General Anaya 6, Locales A y B, Col. Merced Balbuena, Delg. Venustiano Carranza

POSTAL CODE

:

15810

CITY

:

México DF

DEPARTMENT/STATE

:

Distrito Federal

COUNTRY

:

MEXICO

TELEPHONE

:

55229494 - 55422256 - 55420732

FAX

:

55229494

WEB SITE

:

No website is available

 

 

SUMMARY

 

FOUNDATION                           : 1991

LAST CAPITAL             : No specified

SHAREHOLDERS ' EQUITY       : Ps$23,115.= Pesos (31.12.2004)

SALES                                     : 0.00

EMPLOYEES                            : 8

PAYMENTS                              : Usually to terms/good

DISPOSITION                           : PARTIAL (Full information but no figures).

 

 

LEGAL BACKGROUNDS 

                                                                                                                                

LEGAL ESTATUS

:

Stock Company of Variable Capital

DATE OF INCORPORATION

:

23SEP1991

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Mexico DF

NOTARY OFFICE

:

N/A

DURATION

:

99 years

REGISTRATION

:

N/A

INITIAL CAPITAL

:

Ps$25,000.= Pesos

CURRENT PAID-IN CAPITAL

:

No specified

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

Ps$23,115.= Pesos (31.12.2004)

TYPE OF SHARES

:

N/A

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

N/A

CURRENT EXCHANGE RATE

:

Ps$13.37 per  USD1.00

MEMBERSHIP

:

Cámara Nacional de Comercio, Servicios y Turismo de a Ciudad de México

 

COMMENTS .-

Personal information of the executive was not disclosed under confidentiality. They also refused to give the names of the current shareholder.

 

The Company is a member of the National Chamber of Commerce, Service and Tourism of  the City of Mexico.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

BILBATUA, EDUARDO

Manager

 

 

BUSINESS HISTORY                                                                                                                                 

 

CENTRAL MOLINERA LA MERCED S.A. DE C.V. is a Mexican company founded on September 23, 1991 in the City of Mexico, having no changed its legal status since it was formed.

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER                                                                                                                                  

 

COMPANY NAME

COUNTRY

AX. REG.

RELATION

MOLINERA DE ABASTOS S.A. DE C.V.

MEXICO

MAB-980415-B15

Related

 

 

BUSINESS                                                                                                                                  

 

MAIN ACTIVITY .-

Purchase and sale of chiles, spices, food, condiments, sauces, raw materials for the food industry.

 

IMPORT           : Yes

                        Sri Lanka, India, Spain; direct credit

 

EXPORT           : No

% CASH SALES/METHOD

:

90%

% CREDIT SALES/TERMS

:

110% at 15 days

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

10%

% FOREIGN PURCHASES

:

90%

SELLING TERRITORY

:

Domestic market

EMPLOYEES

:

8

 

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

2

 

Remarks and other Premises .-

Registered domicile, offices and sales operate at the above address.  They are located at commercial area of the city,  in the area round the market called Mercado la Merced.  Premises consist  of two floors.  On the ground floor the sale area operates and upstairs, the warehouse.

 

The company has no other establishments.

 

COMMENTS .-

Clients: Retailers, medium-sized wholesalers and wholesalers

 

 

FINANCIAL INFORMATION                                                                                                                                 

 

Interviewee(s)

:

Eduardo Bibatua

Position(s)

:

Manager

Cooperation

:

PARTIAL (Full information but no figures).

Information Provided

:

Eduardo Bibatua (Manager) provided the information contained in this report with the exception of the financial statements due to their confidential nature. In view of this situation, we searched through other sources but no balance sheets or estimated accounting elements were available.

 

FINANCIAL SITUATION                        :           UNDETERMINED

 

As no accounting elements were available, it is not possible to get a clearer vision of the financial potential of this Company. Financial standing is deemed to be indeterminate.

 

PROPERTY OF THE COMPANY .-

They include:

 

- Office furniture and fixture

- Computers

- Vehicles

 

INSURANCE .-

Information unavailable.

 

 

PAYMENTS RECORD                                                                                                                                 

 

TRADE REFERENCES .-

Supplier

Country

Tel.

Line of Credit

Monthly Average

Terms(days)

Perfomance?

Time

Products/Services

AGENCIA ADUANAL ABASCAL S.C.

MEXICO

(229) 9349636

 No specified

N/A

CASH

Prompt

Sv.years

Customs services

JORGE REYES HIDALGO Y SUCESORES S.C.

MEXICO

(299) 9341596

 No specified

N/A

CASH

Prompt

Sv.years

Customs services

 

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

Supplier

Country

Tel.

COLIDALES DUCHE S.A. DE C.V.

MEXICO

(55) 55336443

G.P. DE SILVA & SONSINTL. (PVT) LTD.

SRI LANKA

N/A

KANU KRISHNA CORPORATION

INDIA

N/A

ALITUR ENVASADORAS S.L

SPAIN

N/A

AUSSPICE (PVT) LIMITED

SRI LANKA

N/A

SDS SPICES

SRI LANKA

N/A

SHINGOTEX

INDIA

N/A

 

 

BANKING INFORMATION                                                                                                                                  

 

BANKERS .-

Bank

Contact

Telephone

Account #

DC (S/.)

FC (US$)

BANCO NACIONAL DE MÉXICO 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

The Company banks with the above entities. Further information was not given under confidentiality.

 

 

CREDIT OPINION                                                                                                                                  

 

Requested Credit :       MAXIMUM CREDIT

A credit opinion can not be given due to the lack of financials and payment experience.

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

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.91

UK Pound

1

Rs.76.53

Euro

1

Rs.66.43

 

 

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.