MIRA INFORM REPORT

 

 

Report Date :

14.12.2012

 

IDENTIFICATION DETAILS

 

Name :

EDIBCA DE MEXICO S.A. DE C.V.

 

 

Registered Office :

Eugenia 34, Of. 602, Col. Nápoles, Deleg. Benito Juárez 03810 Distrito Federal

 

 

Country :

Mexico

 

 

Date of Incorporation :

13.08.2007

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Edition of learning materials for physician-patient and/or viceversa.

 

 

No. of Employees :

About 10

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

MEXICO - ECONOMIC OVERVIEW

 

Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US imports has increased from 7% to 12%, and its share of Canadian imports has doubled to 5%. Mexico has free trade agreements with over 50 countries including Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan - putting more than 90% of trade under free trade agreements. In 2007, during its first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass pension and fiscal reforms. The administration passed an energy reform measure in 2008 and another fiscal reform in 2009. Mexico''s GDP plunged 6.2% in 2009 as world demand for exports dropped, asset prices tumbled, and remittances and investment declined. GDP posted positive growth of 5.4% in 2010 and 3.8% in 2011, with exports - particularly to the United States - leading the way. The administration continues to face many economic challenges, including improving the public education system, upgrading infrastructure, modernizing labor laws, and fostering private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.

Source : CIA

 


 

IDENTIFICATION

 

CORRECT COMPANY NAME

EDIBCA DE MEXICO S.A. DE C.V.

TRADE NAME

EDIBCA

TAXPAYER REGISTRATION

RFC EME0708131C9

MAIN ADDRESS

Eugenia 34, Of. 602, Col. Nápoles, Deleg. Benito Juárez

POSTAL CODE

03810

PROVINCE / DEPARTAMENT

México DF

STATE / REGION

Distrito Federal

COUNTRY

MEXICO

TELEPHONE

(5255) 85256142 - 56875606

E-MAIL

info@edibca.com

WEB

www.edibca.com

COMMENTS

Other Nextel: (55) 19885221

 

Other e-mail: blanca.ventura@edibca.com.mx

 

 

SUMMARY

 

Date of foundation

2007

permanent employees

About 10

Chief Executive

GRIMBERG ALFASSI, JOSEPH

Disposition

Poor.- Only general information without figures.

Payments policy

Usually to terms/good

Credit (**)

Risk is Moderate. Within Average. Lightly Fair Situation.

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

13AUG2007

PLACE OF REGISTRY

México, DF

DURATION

99 years

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$.12.75 per USD.1.00

COMMENTS

Personal information of the executives was not disclosed under confidentiality.

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GRIMBERG ALFASSI, JOSEPH

Director

VENTURA LOZANO, BLANCA

Adm. Assistant

 

WHO IS WHO?

 

BUSINESS HISTORY

EDIBCA DE MÉXICO S.A. DE C.V. was founded on August 13, 2007 in Mexico, D.F., having not changed since then its legal status.

 

It is related to:

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

EDICIONES INTERNACIONALES BCA S.A.

COLOMBIA

830123323

Related

TRIBUNA MEDICA INE4RNACIONAL C.A.

VENEZUELA

Related

 

 

BUSINESS

 

Main activity

Edition of learning materials for physician-patient and/or viceversa.

Import

Yes

Country

Colombia; direct credit

Export

No

% CASH SALES / METHOD

100%

% FOREIGN PURCHASES

100%

SELLING TerritorY

Mexican market - 100%

EMPLOYEES

About 10

LOCATION

OTHER PREMISES

Head offices are located at the above address.  Facilities are situated between  the streets Calles Nebraska and  Kansas, collective housing and commercial area of the City of Mexico, D.F. Found no other facilities.

Comments

The Company serves private and public sectors.

 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Blanca Ventura Lozano

Position(s)

Administrative Assistant

Disposition

Poor.- Only general information without figures.

Information provided

Ms. Ventura supplied the information contained in this report, except for the financials due to their confidential nature.

Hence, we searched through outside sources where no balance sheets or estimated accounting figures available.

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

NN: UNDETERMINED

Financial situation is indeterminate.  Neither balance sheets nor trade references were found to assess this Company results at present.

Property of company comments

They include:

 

- Office furniture and fixtures

- Computer

- Vehicles

- Machinery and equipment

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

Supplier

Country

Comment

EDICIONES INTERNACIONALES BCA S.A.

COLOMBIA

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.23

UK Pound

1

Rs.87.53

Euro

1

Rs.70.94

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.