MIRA INFORM REPORT

 

 

Report Date :

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

VANS LATINOAMERICANA MEXICO S.A. DE C.V.

 

 

Registered Office :

Benjamin Franklin 3, Parque Industrial La Joya, Izcalli 54730 Edo. de México

 

 

Country :

Mexico

 

 

Date of Incorporation :

13.03.1997

 

 

Com. Reg. No.:

(02.05.97)/ Deed 19,354

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Import and marketing of casual shoes for young people.

 

 

No. of Employees :

250 approximately

 

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 :

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

VANS LATINOAMERICANA MEXICO S.A. DE C.V.

TAXPAYER REGISTRATION

RFC VLM-970313-NW5

MAIN ADDRESS

Benjamin Franklin 3, Parque Industrial La Joya, Izcalli

POSTAL CODE

54730

STATE / REGION

Edo. de México,

COUNTRY

MEXICO

TELEPHONE

(5255) 46306200

WEB

http://www.vans.com.mx

 

SUMMARY

 

Date of foundation

1997

Capital stock

Ps$80,000.= Pesos

permanent employees

250 approximately

Chief Executive

PÉREZ, MARIO

Disposition

Poor.- Only general information without figures.

Payments policy

 (No payment experience traced)

Credit (**)

Indeterminate / Information is insufficient.

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

13MAR1997

PLACE OF REGISTRY

Mexico D.F.

NOTARY OFFICE

19, Lic.Federico G. Lugo Molin

DURATION

99 years

REGISTRATION

Commercial page 221661 (02.05.97)/ Deed 19,354

INITIAL CAPITAL

Ps$80,000.= Pesos

CURRENT PAID-IN CAPITAL

Ps$80,000.= Pesos

CLASS OF SHARES

Registered.

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

Ps$8.= Pesos

CURRENT EXCHANGE RATE (US$)

Ps$13.17 per 1.00 U.S. Dollar

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

PÉREZ, MARIO

C.F.O.

 

 

V F CORP.

Parent Co.

100%

 

 

 

BUSINESS HISTORY

 
 
Initially the company was partially owned by shareholder TAVISTOCK HOLDING AG (Switzerland), 49%; Subsequently on March 2010 that company sold its stake (100%) to VF Outdoor México S.A. de C.V. 
 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

RELATION %

V F CORP.

U.S.A.

 

Parent Co.

VF JEANSWEAR DE MÉXICO S.A. DE CV

MEXICO

 

Related

VF OUTDOOR MÉXICO S.A. DE C.V.

MEXICO

 

Related

 

 

BUSINESS

 

Main activity

 
Import and marketing of casual shoes for young people.
 
Brand: "VANS" (Brand owned by company)
 
100% Wholesaling company.
 

Import

Yes

Country

Thailand, Taiwan , British Virgin Islands

Export

No

% CASH SALES / METHOD

05%

% Credit SALES / Terms

95% (90 days)

% FOREIGN PURCHASES

100%

SELLING TerritorY

100% in the National market

EMPLOYEES

250 approximately

LOCATION

 

PREMISES

Own

TIME OCCUPIED

4 years

AREA

42,000 sqm.

OTHER PREMISES

 
 
BRANCHES:
 
FEDERAL DISTRICT
Vans Store Parque Lindavista
Centro comercial Parque Lindavista, Colector # 13 Local 248, Delegación Gustavo A madero, Col. Magdalena de las Salinas Tel: 5752 6213
Email: indavista@vans.com.mx
 
Vans Store Parque Tezontle
Centro comercial Parque Tezontle, Av.Canal de Tezontle #1512 Local 172, Col. Alfonso Ortiz Tirado, Delegación Iztapalapa Tel: 9129 0107 Email: tezontle@vans.com.mx
 
Vans Store Plaza Universidad
Av.Universidad num. 1000 Local B 185 - 186 Col. Sta Cruz Atoyac Tel: 5604 3573 Email: universidad@vans.com.mx
 
STATE OF MEXICO
Vans Store Ciudad Jardín
Centro Comercial Nezahualcoyotl, Av. Bordo de Xochiaca, Nº 3, Col. Ciudad Jardín Bicentenario, Municipio de Nezahualcoyotl Tel: 55 1558 4179 Email: ciudad.jardin@vans.com.mx
 
Vans Store Plaza Coacalco Las Flores
Centro Comercial Plaza Coacalco Las Flores loc. 6 y 7, Av. José López Portillo # 105, Col. Zacuatitla Municipio Coacalco Tel: 5879 2303 Email: coacalco@vans.com.mx
 
Vans Outlet Punta Norte
Centro Comercial Outlets Premium Punta Norte: Hacienda Sierra Vieja #2 Local" 1118", Col. Hacienda del Parque Cuautitlan Izcalli Tel: 2075 0099  Email: punta.norte@vans.com.mx
 
PUEBLA
Vans Store Angelopolis
Boulevard del niño Poblano No.2510, Col. Concepción de la Cruz Esquina con Autopista Puebla Atlixco, Municipio Puebla, Puebla. Local 239-N / 240-N Tel: (0122) 2225 0549 Email: puebla@vans.com.mx
 
GUADALAJARA
Vans Store Galerías Guadalajara
Centro Comercial Galerías Guadalajara, Av. Rafael Sanzio # 150 local k - 4, Col. La Estancia Zapopan Jalisco C.P. 45030 Tel: (0133) 3673 7732 
Email: galerias.guadalajara@vans.com.mx
 
Vans Outlet Las Plazas Guadalajara
 
Las Plazas Outlet Guadalajara Local 115, Carretera Guadalajara Morelia Km 12.5, Esquina Camino Real a Colima, Municipio de Tlajomulco de Zúñiga Jalisco Tel:(0133) 36865366 Email: outlet.guadalajara@vans.com.mx
 
Vans Store La Gran Plaza
La Gran Plaza Local U-5 1ER Nivel, Avenida Vallarta No..3959, Col. Don Bosco Vallarta Entre San Fco. & San Ignacio, Zap. Jalisco Tel: (0133) 3621 0159
Email: gran.plaza@vans.com.mx
 
COLIMA
Vans Store Colima
Centro Comercial Zentralia Colima, Tercer Anillo Periférico Nº 301, Col. Valle Dorado. Colima, Colima Tel: (0131) 2323 6913 
Email: colima@vans.com.mx
 
COATZACOALCOS
Vans Store Coatzacoalcos
Av. Universidad Veracruzana S/N K.M 8, Col. Santa Rosa Ampliación Plaza Forum, Antigua carretera Coatzacoalcos- Minatitlán, Ciudad de Coatzacoalcos, Veracruz
Tel: 921210 5416 Email: coatzacoalcos@vans.com.mx
 
XALAPA
Vans Store Xalapa
Centro Comercial las Américas Xalapa, Carretera Xalapa - Veracruz Km. 2.5. No. 680. Colonia Pastoresa. Ciudad de Xalapa,Veracruz Tel: (0122) 8812 9618 , (0122) 8812 9624 Email: xalapa@vans.com.mx
 
TEPIC
Vans Store Forum Tepic
Plaza Form Tepic, Boulevard. Luis Donaldo Colosio N° 680, Colonia Benito Juárez Local PA-41 CP 63175 Entre Av. Paseo del Lago y Canal Pluvial, En el Centro Sub Urbano Tepic Nayarit Tel: (0131) 1211 0819 
 
 
 

Comments

 
Major clients include:
-TIENDAS DEPORTIVAS MARTI
-DISTRIBUIDORA LIVERPOOL
-EL PALACIO DE HIERRO
-SEARS ROEBUCK DE MEXICO
Also, wholesalers in general.

 

 

FINANCIAL INFORMATION

 

Disposition

Poor.- Only general information without figures.

Information provided

 
During the course of this current investigation we interviewed company staff who gave us general data. They also took note of our phone numbers and indicated that would return our call. But as of today date we have not received any further response from the company.
 
It should be noted we tried to communicate with Mr. Mario Perez, C.F.O. but were told he was too busy to assist us. 
 
As a private company , the Subject does not publish its financial statements.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
UNDETERMINED
We consider the Financial Situation of the company as Undetermined because lack of financial data prevents us from assessing their current results.

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

Supplier

Country

Comment

APL LOGISTICS SVCS (THAILAND), LTD.

THAILAND

 

K.V.E. (VIRGIN) TRADING CO.

BRITISH VIRGIN ISLANDS

 

BANGKOK RUBBER PUBLIC CO., LTD.

TAIWAN

 

 

 

BANKING INFORMATION

 

Bank

NACIONAL DE MEXICO SA

BBVA BANCOMER S.A.

 

Per internal policies the above named banks do not provide references to third parties.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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.