MIRA INFORM REPORT

 

 

Report Date :

11.08.2012

 

IDENTIFICATION DETAILS

 

Name :

BLUE MARINE TECHNOLOGY S.A. DE C.V.

 

 

Registered Office :

Paseo de La Reforma 115 Piso 11, Col. Lomas de Chapultepec, Deleg. Miguel Hidalgo, 11000 Mexico DF

 

 

Country :

Mexico

 

 

Date of Incorporation :

05.06.2002

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Engaged in the offshore petroleum industry.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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

BLUE MARINE TECHNOLOGY S.A. DE C.V.

TRADE NAME

BLUE MARINE TECHNOLOGY

TAXPAYER REGISTRATION

RFC BMT020605BK9

MAIN ADDRESS

Paseo de La Reforma 115 Piso 11, Col. Lomas de Chapultepec, Deleg. Miguel Hidalgo

POSTAL CODE

11000

PROVINCE / DEPARTAMENT

Mexico DF

STATE / REGION

Distrito Federal

COUNTRY

MEXICO

TELEPHONE

(5255) 54422800

E-MAIL

info@bluemarine.com.mx

WEB

www.bluemarine.com.mx

COMMENTS

 
Notice the complete address of the Company is as above written.
 
Other e-mails:
 
bmt@bluemarine.com.mx
rss@bluemarine.com.mx
mkra@bluemarine.com.mx

 

SUMMARY

Date of foundation

2002

Capital stock

No specified

Chief Executive

REYNOSO DURAND, JUAN

Disposition

Report totally prepared by outside sources.

Payments policy

Without rating (No payment experience traced)

Credit (**)

Indeterminate, Information is insufficient. With no Experience.

 

 

 

LEGAL BACKGROUNDS

 

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

05JUN2002

DURATION

99 years

CURRENT PAID-IN CAPITAL

No specified

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$13.16 per USD.1.00

COMMENTS

 
Incorporation could neither be obtained nor the amount of the share capital.
 
Personal information of the executives was not disclosed but found out all of them are Mexicans.

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

MARCO ISSA, ANTONIO JUAN

President

 

 

REYNOSO FLORES, JUAN

Finance Vice President

 

 

RODRIGUEZ GAYTAN, GERARDO

Corpor. Finance Director

 

 

REYNOSO DURAND, JUAN

Director General

 

 

REYNOSO DURAND, ALFREDO

Commercial Director

 

 

GUEVARA MONTALVO, HORACIO

Corp. Planning Director

 

 

MAYORAL PIANA, MANUEL

Corp. Operat. Director

 

 

 

 

 

BUSINESS HISTORY

 

 

 
BLUE MARINE TECHNOLOGY S.A. DE C.V. is a Mexican company founded by the shareholders on June 5th, 2006 in order to operate as a holding company and image of the companies that are part of the BLUE MARINE TECHNOLOGY GROUP.
 
Blue Marine Technology Group has five specialized divisions in Offshore Oil and gas industry. These divisions allow them to render an integration service and to compete in the global market with a successful business strategy.
 
Maritime Operations
Offshore Services
Drilling Services
Solutions for the Oil and Gas Industry
Procurement Services

 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

 

COMPANY NAME

COUNTRY

RELATION %

ARRENDADORA OCEAN MEXICANA S.A. DE C.V.

MEXICO

 

Related

OCEAN MEXICANA S.A. DE C.V.

MEXICO

 

Related

SUBTEC S.A. DE C.V.

MEXICO

 

Related

 

 

 

BUSINESS

 

 

Main activity

 
Holding company.  It controls the shares of the companies engaged in the offshore petroleum industry.

Import

No

Export

No

 

OTHER PREMISES

 
The Company operates at 11th floor of the famous 28-floor corporate building called TORRE REFORMA with 10 basements for parking, a heliport, the highest in the area.
 
Each operating company has premises in:
 
Mexico city
Veracruz
Ciudad del Carmen
Salinas Cruz
 

Comments

 
The Company does not have a payroll of its own. LICHTER Y ASOCIADOS S.C. provides personnel service.

 

 

FINANCIAL INFORMATION

 

 

Disposition

Report totally prepared by outside sources.

Information provided

 
It was not possible to interview any Manager.  People at the Company merely confirmed general data and refused to give any other information.  They said they usually do not provide information to third-party due to its confidential nature.
 
Therefore, all the information contained in this report, was collected from different external sources where no balance sheets or estimated accounting figures were found to assess this Company results.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
NN: UNDETERMINED
An indeterminate financial standing is observed since no balance sheets or accounting elements were available to determine the real financial position of this Company.

Insurance Comments

 
Information unavailable.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

BANKERS

BANCO NACIONAL DE MEXICO S.A.
 
The Company is a client of the above bank. Further information was not available under confidentiality policy.
 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.04

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.