MIRA INFORM REPORT

 

 

Report Date :

02.02.2012

 

IDENTIFICATION DETAILS

 

Name :

GRUPO DAD S.A. DE C.V.

 

 

Registered Office :

Berlín 163, Col. Valle Dorado 54020 Tlalnepantla

 

 

Country :

Mexico

 

 

Date of Incorporation :

25.02.2000

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Importation, purchase, sale and distribution of household products for kitchen such as pots, pans, cookware and bakeware, cups, etc.

 

 

No. of Employees :

About 20

 

 

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 – September 30, 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

GRUPO DAD S.A. DE C.V.

TRADE NAME

GRUPO DAD

TAXPAYER REGISTRATION

RFC GDA-000225-9A7

MAIN ADDRESS

Berlín 163, Col. Valle Dorado

POSTAL CODE

54020

PROVINCE / DEPARTAMENT

Tlalnepantla

STATE / REGION

México

COUNTRY

MEXICO

TELEPHONE

(5255) 53781500

E-MAIL

ventasgobierno@gpodad.com

COMMENTS

 
Other e-mail: recepción@generation.intm.com

 

SUMMARY

 

Date of foundation

2000

Capital stock

No specified

permanent employees

About 20

Chief Executive

ZAMORA DE ALBA, SERGIO ANTONIO

Disposition

Report prepared through third-party sources.

Payments policy

 (No payment experience traced)

Credit (**)

Risk is High. Secured credits and follow-up are recommended. Extended.

 

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

25FEB2000

PLACE OF REGISTRY

Tlalnepantla, State of Mexico

DURATION

99 years

CURRENT PAID-IN CAPITAL

No specified

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$.12.96 per USD1.00

COMMENTS

 
Personal information of the main executive was not disclosed under confidentiality.
Shareholders structure was not specified.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

ZAMORA DE ALBA, SERGIO ANTONIO

Director General

 

 

 

 

BUSINESS HISTORY

 

 
GRUPO DAD S.A. DE C.V.  is a Mexican company formed on February 25, 2000 to be engaged in the purchase, sale, distribution, lease, importation and exportation of every kind of construction materials and machinery.
 
GRUPO DAD is not related to any other company.

 

 

BUSINESS

 

Main activity

 
Importation, purchase, sale and distribution of household products for kitchen such as pots, pans, cookware and bakeware, cups, etc.

Import

Yes

Country

India, Hong Kong and China; direct credit and cash

Export

No

% CASH SALES / METHOD

50%

% Credit SALES / Terms

50% at 30 days

% FOREIGN PURCHASES

100%

SELLING TerritorY

Mexican market - 100%

EMPLOYEES

About 20

 

LOCATION

 

OTHER PREMISES

 
Registered Domicile is located at the above address.  No more information could be obtained in this regard.
 
Administrative offices: San Francisco Cuautlalpan 13, Col. San Francisco Cuautlalpan, Naucalpan de Juárez, Estado de México, C.P. 53,370, Tel: (55) 91143504 / 24528469, Fax: (55) 91143507.

Comments

 
Main Clients: Wholesalers, department stores and public entities, among them:
 
- INSTITUTO POLITÉCNICO NACIONAL
- COMISIÓN FEDERAL DE ELECTRICIDAD
- INSTITUTO ELECTORAL DEL DISTRITO FEDERAL

 

According to Customs Office the Company was entered in the Importers Register on November 25, 2003 (Version 887), Page 225355 and on December 22,  2005, in the Sector 52: Paper and Board.

 

FINANCIAL INFORMATION

 

Interviewee(s)

External Sources

Disposition

Report prepared through third-party sources.

Information provided

 
We talked to José Luis Chávez, (he did not mention his position) and in view of our insistence, provided some information contained in this report.
Subsequently, Gabriela Becerril said that according to the Director General instructions,  they would not give more information due to its confidential nature.
Other sources were consulted but no balance sheets or estimated accounting figures were available.

 

 

FINANCIAL SITUATION

 
UNDETERMINED
Financial situation is indeterminate since no accounting elements were available to assess its current results.

Property of company comments

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

Insurance Comments

 
Information unavailable.

 

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

 

Supplier

Telephone

Country

Comment

Compañía Marítima de Contenedores S.A. de C.V.

(55) 53600061

MEXICO

They only confirmed to deal with the Company. No more info. was given

J.Y. Intl.

 

INDIA

 

Sanwin Industries Ltd.

 

HONG KONG

 

Kloud 9 Internacional

 

INDIA

 

 

 

BANKING INFORMATION

 

Bank

HSBC MÉXICO S.A.

 

In compliance with the bank secrecy, the aforesaid entity did not provide information about its client.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.53

UK Pound

1

Rs.77.95

Euro

1

Rs.64.66

 

 

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.