MIRA INFORM REPORT

 

 

Report Date :           

04.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SURTIDORA ABARROTERA DE GUADALAJARA S.A. DE C.V.

 

 

Registered Office :

Colina del Climaterio 426, Col. del Climaterio, Querétaro

 

 

Country :

Mexico

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

11.07.1997

 

 

Com. Reg. No.:

Notarial Act 71303

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Buying and selling and importation of grains, dried chiles and spices

 

 

No. of Employees :

30

 

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.150,000.= Dollars

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

SURTIDORA ABARROTERA DE GUADALAJARA S.A. DE C.V.

TRADE NAME

SAG

TAXPAYER REGISTRATION

RFC SAG-970711-3K6

MAIN ADDRESS

Colina del Climaterio 426, Col. del Climaterio

PROVINCE / DEPARTAMENT

Querétaro

STATE / REGION

Querétaro

COUNTRY

MEXICO

TELEPHONE

(52442) 2132046

E-MAIL

aniguis2002@yahoo.com.mx

WEB

www.sbajio.com.mx

 

SUMMARY

 

Date of foundation

1997

Capital stock

Ps$2,905,000..= Pesos

Shareholders' equity

29,951,402.00 Pesos (31DEC2011)

Annual revenues

US$ 17,661,562.56 Pesos (31DEC2011)

Profits (loss)

2,963,131.00 Pesos (31DEC2011)

permanent employees

30

Chief Executive

GUTIERREZ BORBOLLA, JUAN CARLOS

Disposition

Report prepared through third-party sources.

Payments policy

Usually to terms/good

Credit (**)

Risk is Moderate. Within Average. Satisfactory.

 

CREDIT OPINION

 

Requested credit

MAXIMUM CREDIT

Suggested credit (*)

USD.150,000.= Dollars

(*) After analyzing different factors and other opinions.

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

11JUL1997

PLACE OF REGISTRY

Guadalajara, Jalisco

NOTARY OFFICE

Joaquín Talavera Sánchez

DURATION

99 years

REGISTRATION

Notarial Act 71303

INITIAL CAPITAL

Ps$1,000,000.= Pesos

CURRENT PAID-IN CAPITAL

Ps$2,905,000..= Pesos

LAST CAPITAL INCREASE

February 28, 2011

SHAREHOLDERS EQUITY

29,951,402.00 Pesos (31DEC2011)

CLASS OF SHARES

Registered

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

Ps$500.= each one

CURRENT EXCHANGE RATE (US$)

Ps$12.76 per US$.1.00

MEMBERSHIP

Cámara Nacional de Comercio de Guadalajara.

COMMENTS

 
The Company is a member of the  National Chamber of Commerce of Guadalajara.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GUTIERREZ BORBOLLA, JUAN CARLOS

Legal Representative

55%

 

CALLESA, ALEJANDRA

Logistics Chief

 

 

VIRGILIO BAUTISTA, ANA MARÍA

Accountant

 

 

SAMANO VEGA, MARIA DEL CARMEN

Shareholder

20%

 

SURTIDORA DEL BAJIO S.A. DE C.V.

Shareholder / Member

25%

 

 

 

WHO IS WHO?

 

GUTIERREZ BORBOLLA, JUAN CARLOS

NATIONALITY

Mexican

D.O.B.

23FEB1963

PROFESSION

Public Accountant

TAX ID

GUBJ630223B5A.

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

SURTIDORA DEL BAJIO S.A. DE C.V.

General Mg/Legal Rep

SBA-890717-GK7

MEXICO

 

 

 

 

SAMANO VEGA, MARIA DEL CARMEN

NATIONALITY

Mexican

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

SURTIDORA DEL BAJIO S.A. DE C.V.

Shareholder

SBA-890717-GK7

MEXICO

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

SURTIDORA DEL BAJIO S.A. DE C.V.

MEXICO

SBA-890717-GK7

Shareholder / Member

 

 

BUSINESS

 

Main activity

 
Buying and selling and importation of grains, dried chiles and spices in general, such as: Beans, rice, peas, chickpeas, lentils, popcorn, sesame seed, canary seed, sunflower, flax, millet, turnips, oat, bicarbonate, grated coconut, cuttlefish, kraft paper, soy, etc.

Import

Yes

Country

Chile, United States, Canada, Sri Lanka, Thailand, China, Sudan, India direct credit at 30 and 45 days

Export

No

% CASH SALES / METHOD

20%

% Credit SALES / Terms

80% (30 days)

% DOMESTIC PURCHASES

20%

% FOREIGN PURCHASES

80%

SELLING TerritorY

Mexican market

EMPLOYEES

30

 

LOCATION

TIME OCCUPIED

11/2011

OTHER PREMISES

 
Headquarters and commercial offices operate at the above address.
Formerly, they were located at  Damas 105, Col. Caretas, Queretaro.

Comments

 
Importations are carried out through direct credit at 30, 60 and 90 days.
Portfolio comprises 150 clients.

 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Alejandra Callesa

Position(s)

Logistics Chief

Disposition

Report prepared through third-party sources.

Information provided

 
Ms. Callesca kindly supplied the information contained in this report, including main accounts of the Balance Sheet for the period as of December 31, 2011 (12 months), expressed in Pesos as follows:

 

 

 

 

BALANCE SHEET

 

Balance sheet date

31DEC2011

 

 

 

Type of balance sheet

Annual

 

 

 

Period

12 months

 

 

 

Currency

Pesos

 

 

 

Exchange rate per US$

13.57

 

 

 

A S S E T S

 

 

 

 

Current Assetsd

77,107,187.00

 

 

 

Others

7,858,697.00

 

 

 

Total Assets

84,965,884.00

 

 

 

L I A B I L I T I E S

 

 

 

 

Current liabilities

55,014,482.00

 

 

 

Long term

0.00

 

 

 

TOTAL LIABILITIES

55,014,482.00

 

 

 

S H A R E H O L D E R S'  E Q U I T Y

 

 

 

 

Total shareholders equity

29,951,402.00

 

 

 

Total Liab. / Sh. equity

84,965,884.00

 

 

 

Sales

239,667,404.00

 

 

 

Profit (Loss)

2,963,131.00

 

 

 

 

R A T I O

 

Liquidity ratio

1.40

Current assets / Current liabilities

Debt-to-equity ratio

54.44 %

(Shareholders' equity / Current liabilities %)

Profitability margin

1.24 %

(Profits / Sales %)

Working capital

22,092,705.00

(Current assets - Current liabilities)

FINANCIAL SITUATION

 
LIGHTLY FAIR
Financial standing is deemed to be Slightly Fair as liquidity ratio is slightly acceptable. Working capital is slightly satisfactory. Shareholders equity covers moderately the liabilities. Final results are acceptable.
 
This is a company formed in 1997 whose operations are carried out favorably.

Property of company comments

 
They include:
 
-  Vehicles
-  Computers
-  Office furniture and fixtures
among other

 

 

 

 

 

INSURANCE

COMPANY

AGAINST

EXPIRATION

AMOUNT

SEGUROS ATLAS S.A.

All risk

 

 

 

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

 

Supplier: GRANOS LA MACARENA S.A. DE C.V

Tel.: (642) 4227771

Country: MEXICO

Goods/Services? : Sesame and chickpea

 

 

Highest credit? : Unlimited

 

 

Client since? : 1997

Terms? : 30 days

Performance? : Prompt

Supplier: GRUPO INDUSTRIAL VIDA S.A. DE C.V.

Tel.: (33) 32080400

Country: MEXICO

Goods/Services? : Oat, granola

 

 

Highest credit? : Ps$ 275,000.=

 

 

Client since? : 2003

Terms? : 15 days

Performance? : Prompt

Supplier: ARROCEROS DEL ORIENTE DEL ESTADO DE MORELOS U.

Tel.: (52735) 3542994

Country: MEXICO

Goods/Services? : Rice

 

 

Highest credit? : Unlimited

 

 

Client since? : 10 years

Terms? : 30 days

Performance? : Prompt

 

Note : Other suppliers did not provide information or could not be consulted

 

 

 

 

Supplier

Country

Comment

IMPEX CORPORATION (PTE) LTD

SRI LANKA

 

JABS INTERNATIONAL PVT. LTD.

INDIA

 

VITERRA, INC.

CANADA

 

BELLE PULSES LTD.

CANADA

 

ALVARADO COMODITIES, INC.

U.S.A.

 

AGRÍCOLA PRODUCTOS SILVESTRES LTDA.

CHILE

 

CAMPULSE FOODS

CANADA

 

SOCIEDAD AGRÍCOLA SATURNO S.A

PERU

 

EXPORTADORA AGROMAR S.A.

CHILE

 

SIMPSON SEEDS, INC

CANADA

 

 

 

 

CREDIT HISTORY

The Company mostly buys from overseas suppliers.

 

LAWSUITS

No civil or criminal proceedings have been initiated against this Company.

 

 

BANKING INFORMATION

 

Bank

BANCO SANTANDER (MÉXICO) S.A.

BBVA BANCOMER S.A.

 

In compliance with bank regulations in force, the aforesaid entities declined to provide references about their client.

 

 

 

 

CREDIT OPINION

 

Consulted Credit Amount :

MAXIMUM CREDIT

 

Suggested Credit :

USD.150,000.= Dollars

 



NOTE : The opinion given is confidential, referential and with out liability.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.81.05

Euro

1

Rs.67.49

 

 

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.