MIRA INFORM REPORT
|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
DELPHI DIESEL SYSTEMS S.A. DE C.V. |
|
|
|
|
Registered Office : |
Boulevard Isidro López Zertuche 4248, Col. Virreyes Obrera
Postal Code 25220,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1989 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
International supply of electronics and technologies for motorvehicles and other segments of the market |
|
|
|
|
No. of Employees
: |
About 550 |
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 |
|
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 – 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 |
|
CORRECT COMPANY NAME |
DELPHI DIESEL
SYSTEMS S.A. DE C.V. |
|
TRADE NAME |
DELPHI DIESEL
SYSTEMS |
|
TAXPAYER REGISTRATION |
RFC DDS-890101-1C3 |
|
MAIN ADDRESS |
Boulevard Isidro López Zertuche 4248, Col.
Virreyes Obrera |
|
POSTAL CODE |
25220 |
|
PROVINCE / DEPARTAMENT |
Saltillo |
|
STATE / REGION |
Coahuila |
|
COUNTRY |
MEXICO |
|
TELEPHONE |
(52844) 4387900 |
|
E-MAIL |
|
|
WEB |
|
|
COMMENTS |
Other e-mail: - daniel.villegas@delphi.com - raul.ramirez@delphi.com (Treasury) |
|
Date of foundation |
1989 |
|
Capital stock |
No specified |
|
permanent employees |
About 550 |
|
Chief Executive |
RODRIGUEZ SANCHEZ, JOSE GUADALUPE |
|
Disposition |
REPORT TOTALLY PREPARED BY OUTSIDE
SOURCES. |
|
Payments policy |
Usually to terms/good |
|
Credit (**) |
Risk is Moderate. Within Average.
Satisfactory. |
|
LEGAL STATUS |
Stock Company of Variable Capital |
|
DATE OF INCORPORATION |
01JAN1989 |
|
PLACE OF REGISTRY |
Saltillo/Coahuila |
|
DURATION |
99 years |
|
CURRENT PAID-IN CAPITAL |
No specified |
|
LISTED AT STOCK EXCHANGE |
No |
|
CURRENT EXCHANGE RATE (US$) |
Ps$.13.15 per USD.1.00 |
|
MEMBERSHIP |
CANACINTRA |
|
FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
|
RODRIGUEZ
SANCHEZ, JOSE GUADALUPE |
Plant Manager |
|
|
|
DE LA CRUZ GONZALEZ, MARIO ALBERTO |
Financial Manager |
|
|
|
VILLEGAS LEZA, DANIEL |
Purchase Manager |
|
|
|
BUSTOS, MAGDALENA |
Human Resources Manager |
|
|
|
RAMIREZ, RAUL |
Treasurer |
|
|
|
COMPAŃIA INMOBILIARIA Y DE INVERSIONES
SAGA LTDA. |
Parent Co. |
Maj.Shareh |
|
|
RODRIGUEZ
SANCHEZ, JOSE GUADALUPE |
|
|
NATIONALITY |
Mexican |
|
|
|
|
|
|
|
DE LA CRUZ
GONZALEZ, MARIO ALBERTO |
|
|
NATIONALITY |
Mexican |
|
|
|
|
|
|
|
VILLEGAS LEZA,
DANIEL |
|
|
NATIONALITY |
Mexican |
|
BACKGROUND INFORMATION |
Graduate university. |
|
|
|
|
|
|
|
BUSTOS,
MAGDALENA |
|
|
NATIONALITY |
Mexican |
|
|
|
|
|
|
|
COMPAŃIA
INMOBILIARIA Y DE INVERSIONES SAGA LTDA. |
|
|
|
|
|
BUSINESS
BACKGROUND Technological center is located in: Avenue De Luxembourg L-4940 Bascharage, G.D. Luxembourg, Tel: (352) 50.18.1, Fax: (352) 50.18.22.88. |
|
DELPHI DIESEL SYSTEMS SA DE CV is a manufacture (outsourcing) plant of engine parts that was set up in Saltillo, Coahuila in 1989, as a subsidiary of DELPHI POWERTRAINS SYSTEMS (Luxembourg), which, in turn, is a division of DELPHI AUTOMOTIVE LLP (USA). |
|
|
|
|
Main activity |
International supply of electronics and technologies for motorvehicles and other segments of the market.Trademark: DELPHI |
||||||
|
Import |
Yes |
||||||
|
Country |
USA, Germany,
UK, Italy,Spain, Argentina, Sweden, Turkey; direct credit, 60 days |
||||||
|
Export |
Yes |
||||||
|
COUNTRY |
USA; direct
credit at 30 days |
||||||
|
% CASH SALES / METHOD |
30% |
||||||
|
% Credit SALES / Terms |
70% at 30 and 60
days |
||||||
|
% Ventas exterior (Paises) |
80% |
||||||
|
% DOMESTIC PURCHASES |
30% |
||||||
|
% FOREIGN PURCHASES |
70% |
||||||
|
SELLING TerritorY |
Domestic market
- 20% |
||||||
|
EMPLOYEES |
About 550 |
||||||
|
|||||||
|
Comments |
Clients: in segment of diesel engines, cars, vans, heavy, commercial vehicles, heavy-duty vehicles, and agricultural applications, industrial and marine.The Company is currently working for the following brands: CAV, SIMMS, ROTODIESE and CONDIESEL.
|
||||||
|
Disposition |
REPORT TOTALLY PREPARED BY OUTSIDE
SOURCES. |
|
Information provided |
We made every effort but attempts to contact any executive of the Company were useless. Hence, this report has had to be prepared based on data collected from outside sources where no independent balance sheets or estimated accounting figures were available. We only got main accounts of the CONSOLIDATED BALANCE SHEET OF DELPHI AUTOMOTIVE LLP and SUBSIDIARIES AS OF 30 SEPTEMBER 2011 (9 MONTHS), expressed in Millions Dollars. |
|
Comments |
CONSOLIDATED BALANCE SHEET OF DELPHI AUTOMOTIVE LLP AND SUBSIDIARIES AS OF 30 SEPTIEMBER DE 2011 (9 MONTHS) EXPRESSED IN MILLIONS OF US$ DOLLARS CURRENT ASSETS 5,807 LONG-TERM 3,511
TOTAL ASSETS
9,318 CURRENT LIABILITIES 3,881 LONG-TERM 3,339 STOCKHOLDERS' EQUITY
TOTAL LIABILITIES+STOCKHOLDERS'EQUITY
2,098 9,318 NET SALES REVENUES 12,141 NET PROFIT
911 |
|
|
|
|
|
|
|
SALES |
US$ 0.00 () |
|
FINANCIAL SITUATION |
UNDETERMINEDFinancial situation is deemed to be indeterminate since no accounting elements were available to assess this Company current results. |
|
Property of company comments |
They include:- Office furniture and fixtures- Computers- Vehicles- Machinery and equipmentetc. |
(Confidential
Information)
|
Supplier: ALCAST S.A. DE C.V. |
Tel.: 52-844-4153451 |
Country: MEXICO |
|
Goods/Services?
: Aluminium parts |
|
|
|
Highest credit?
: Unlimited |
Outstanding
debt? : 0.= |
|
|
Client since? : 2008 |
Terms?
: 30 days |
Performance?
: Prompt |
|
Comments
: GOOD CLIENT |
||
|
Supplier: ZAPATA HERMANOS SUCESORES S.A. DE C.V. |
Tel.: (55) 50616973. |
Country: MEXICO |
|
Goods/Services?
: Sheeting products |
|
|
|
Highest credit?
: 4,000,000.= |
Outstanding
debt? : 0.= |
|
|
Client since? : 1998 |
Terms?
: 30 days |
Performance?
: Prompt |
|
Comments : GOOD CLIENT |
||
Note : Other
suppliers did not provide information or could not be consulted
|
Supplier |
Country |
Comment |
|
ELASTOTEC S.A. DE C.V. |
MEXICO |
They have not responded |
|
HENKEL CAPITAL S.A. DE C.V. |
MEXICO |
They do not provide information |
|
NIAGARA CAPS & PLUGS |
U.S.A. |
|
|
DECOREC S.A. |
FRANCE |
|
|
KIVETON PARK STEEL |
UNITED KINGDOM |
|
|
HIRSCHVOGEL UMFORMTECHNIK GMBH |
GERMANY |
|
|
TEKELI MAKINE |
TURKEY |
|
|
TECHNICAL LAPPING CO. LTD. |
UNITED KINGDOM |
|
|
TECNECO FILTERS INTERNATIONAL S.A. |
ARGENTINA |
|
|
AHLSTROM TURIN S.P.A. |
ITALY |
|
|
MOSS PLASTIC PARTS (UK). |
UNITED KINGDOM |
|
|
PRESTOLITE ELECTRIC INDIEL |
U.S.A. |
|
Bank
BBVA BANCOMER SA
The Company deals with the aforesaid bank. Further details were not given under confidentiality.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.50 |
|
UK Pound |
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.