MIRA INFORM REPORT

 

 

Report Date :           

04.02.2012

 

IDENTIFICATION DETAILS

 

Name :

IMPORTADORA KUKULKAN S.A. DE C.V.

 

 

Registered Office :

Calle 65 No. 295 X 26 Y 28, Col. Centro, Postal Code 97000, Mérida, Yucatán

 

 

Country :

Mexico

 

 

Date of Incorporation :

22.05.2006

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Subject is engaged to the purchase, sale and import of seeds, food grains, spices, dried chiles, pumpkin seed, achiote and pineapple in syrup.

 

 

No. of Employees :

15 employees

 

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 :

Small Company 

 

 

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 – September 30th, 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

IMPORTADORA KUKULKAN S.A. DE C.V.

TAXPAYER REGISTRATION

RFC IKU-060522-873

MAIN ADDRESS

Calle 65 No. 295 x 26 y 28, Col. Centro,

POSTAL CODE

97000

PROVINCE / DEPARTAMENT

Mérida

STATE / REGION

Yucatán

COUNTRY

MEXICO

TELEPHONE

(52999) 9290750 – 9290762

E-MAIL

i_kukulkan@live.com.mx

WEB

none

COMMENTS

 
Other email:
ricortegarx@hotmail.com

 

 

SUMMARY

 

Date of foundation

2006

Capital stock

Ps$50,000.= Pesos

permanent employees

15 employees

Chief Executive

MUNGUIA RICALDE, ALONSO

Disposition

Report prepared through third-party sources.

Payments policy

Usually to terms/good

Credit (**)

(Risk is Moderate. Within Average. Satisfactory.

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

22MAY2006

PLACE OF REGISTRY

Mérida , Yucatan

DURATION

99 years

CURRENT PAID-IN CAPITAL

Ps$50,000.= Pesos

CLASS OF SHARES

Registered.

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$12.72 per 1.00 USADollar

COMMENTS

 
 
No more incorporation could be obtained or information on company shareholding,  we only know that Mr. Alonso Munguia Ricarde holds the position of General Director.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

MUNGUIA RICALDE, ALONSO

General Director

 

 

 

 

WHO IS WHO?

 

 

MUNGUIA RICALDE, ALONSO

NATIONALITY

Mexican

PROFESSION

Graduate university

 

BUSINESS HISTORY

 

 
Importadora Kukulkan S.A. de C.V.  is a 100% Mexican company which was established on May 22, 2006 in Merida, Yucatan, and since its foundation has not changed its legal structure.
 
Related Companies:
 
The Subject is not related to any other company in the market.

 

 

BUSINESS

 

Main activity

 
The company is engaged to the purchase, sale and import of seeds, food grains, spices, dried chiles, pumpkin seed, achiote and pineapple in syrup.

Import

Yes

Country

Peru, Brazil, Chile, Argentina, Sri Lanka, Nigeria, Sudan, Thailand, Indonesia, Spain, Italy, etc. through direct credit from 90 to 120 days.

Export

No

% CASH SALES / METHOD

40%

% Credit SALES / Terms

60% (30 days)

% DOMESTIC PURCHASES

01%

% FOREIGN PURCHASES

99%

SELLING TerritorY

100% nationally

EMPLOYEES

15 employees

LOCATION

TIME OCCUPIED

2006

OTHER PREMISES

 
Administrative Office / Sales / Tax Domicile:  Calle 65 No. 295 x 26 y 28, Col. Centro, Mérida, Yucatán, 97,000 - Tel: (999)  9290750 - 9290762.
 
Their previous location was Calle 25 No. 73 x 16A y 18, Col. Chichen-Itza, Mérida, Yucatán, C.P. 97,170.
 
OTHER LOCATIONS: The company has no other address registered to its name.
 

Comments

 
CLIENTS: The company sells to Wholesalers, Processors and Packers in the region.
 
The company under investigation was duly entered in the General Register of Importers (Version 1722) since 14/03/2007, under No. 288651.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Claudia Sosa Becerra

Position(s)

Assistant Director

Disposition

Report prepared through third-party sources.

Information provided

 
We interviewed Ms. Claudia Sosa Becerra (Assistant Director) who kindly helped  us by providing the information contained in the report.
 
Regarding our request for financial statements , she only stated that the Company is selling every month from Ps$ 500 thousand pesos to $ 1 million Pesos.

 

 

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.

Property of company comments

 
The company has:
 -Furniture and office equipment
 -Computer equipment
 -Transportation Equipment

 

 

 

 

 

INSURANCE

COMPANY

AGAINST

EXPIRATION

AMOUNT

Grupo Nacional Provincial S.A. de C.V.

 

 

 

Axa Seguros S.A. de C.V

 

 

 

Mapfre Tepeyac S.A. de C.V.

 

 

 

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

 

Supplier: Agencia Aduanal Cervera S.A. de C.V.

Tel.: (999) 9462326.

Country: MEXICO

Goods/Services? : Customs service

 

 

Highest credit? : No specified

 

 

Client since? : Sev.Yrs.

Terms? : Cash

Performance? : No experience

 

Comments : Good customer

Supplier: Gudalupe Lorenzo Licona S.C.

Tel.: (229) 9324413.

Country: MEXICO

Goods/Services? : Customs service

 

 

Highest credit? : No records

 

 

Client since? : Sev.Yrs.

Terms? : Cash

Performance? : No experience

Comments : Good customer

 

Note : Other suppliers did not provide information or could not be consulted

Supplier

Telephone

Country

Comment

Michie Comercio Exportacao e Representacao

 

BRAZIL

 

Marocapres SARL

 

MOROCCO

 

International Commodity Traders (Pvt) Ltd.

 

SRI LANKA

 

Gandules Inc. S.A.C.

 

PERU

 

Soc. Exp. Santis Fruit Ltda

 

CHILE

 

Chalong Co., Ltd.

 

THAILAND

 

Michie Comercio Exportação e Representação

 

BRAZIL

 

San Genesio S.P.A.

 

ITALY

 

Agroindustrial Pedregal S.A.

 

CHILE

 

 

 

 

 

 

 

CREDIT HISTORY

No significant local trade experience was found as Subject mainly buys from foreign based suppliers.

 

 

BANKING INFORMATION

 

Bank

MERCANTIL DEL NORTE S.A

 

The subject is a customer of that bank, which when consulted told us that in compliance with current legal regulations, can not provide data on their customer movements out of respect to banking secrecy.

 

 

GENERAL INFORMATION

 

REPUTATION                                                        

NOTHING AGAINST COMPANY                              

                                                                             

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.47

Euro

1

Rs.64.39

 

 

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.