MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VIVERES EL TRIUNFO S.A. DE C.V.

 

 

Registered Office :

Bodega A-55, Central de Abastos, México

 

 

Country :

Mexico

 

 

Date of Incorporation :

30.09.2003

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

import and sale of food products (grains, seeds, spices, fruits)

 

 

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 :

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

 

 

           

 

IDENTIFICATION

 

CORRECT COMPANY NAME

VIVERES EL TRIUNFO S.A. DE C.V.

TAXPAYER REGISTRATION

RFC VTR030930AM8

MAIN ADDRESS

Bodega A-55, Central de Abastos,

PROVINCE / DEPARTAMENT

México

STATE / REGION

México D.F.

COUNTRY

MEXICO

TELEPHONE

(5255) 56409999

E-MAIL

csamano1@prodigy.net.mx

 

 

SUMMARY

 

Date of foundation

2003

Chief Executive

PLATAS PARRES, FRANCISCO

Disposition

Poor.- Only general information without figures.

Payments policy

Usually to terms/good

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

30SEP2003

PLACE OF REGISTRY

Mexico

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$13.70 per 1 USD

COMMENTS

 
The incorporation, amount of capital stock or further personal details on the company's executives were not revealed.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

PLATAS PARRES, FRANCISCO

General Manager/Legal Rep

 

 

LOPEZ GUTIERREZ, JAVIER

Assistant General Manager

 

 

 

 

WHO IS WHO?

 

PLATAS PARRES, FRANCISCO

NATIONALITY

Mexican

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

COMERCIAL SAMANO S.A. DE C.V.

 

 

MEXICO

 

 

 

 

LOPEZ GUTIERREZ, JAVIER

NATIONALITY

Mexican

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME

COUNTRY

RELATION %

 

COMERCIAL SAMANO S.A. DE C.V.

MEXICO

 

Related

 

 

 

BUSINESS

 

Main activity

 
Subject Company is engaged in the import and sale of food products (grains, seeds, spices, fruits).

Import

Yes

Country

Chile, China, USA, Canada, Nigeria, Vietnam, Brazil, etc.

Export

No

% CASH SALES / METHOD

15%

% Credit SALES / Terms

85% (30-day terms)

% DOMESTIC PURCHASES

30%

% FOREIGN PURCHASES

70%

SELLING TerritorY

100% Domestic market

LOCATION

PREMISES

Own

OTHER PREMISES

 
No other address has been reported.

Comments

 
Subject makes use of service of 20 workers who belong to MANPOWER.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Javier Lopez

Position(s)

Assistant Manager

Disposition

Poor.- Only general information without figures.

Information provided

 
We spoke with Javier Lopez, Assistant Manager, who only confirmed the information contained in this report, but refused to provide accounting figures as these are considered confidential.
 
On the other hand, this report has been supplemented with data gathered through third parties where no updated balance sheets nor estimated figures could be obtained.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
NN: UNDETERMINED
The company's Financial Standing is considered to be UNDETERMINED since there is no financial information that allows us to asses its results.
 
VIVERES EL TRIUNFO S.A. DE C.V. is a privately-held mexican company which has been operating in the market for eight years. It is engaged in the import and sale of food products and is run by persons with business experience who also participate in another local firm. They have the support of 20 workers supplied by the company MANPOWER.
 
In commercial circles, its suppliers gave good references on Subject's operations, with open credit lines which are responsibly paid, without any negative observations.

Insurance Comments

 
Subject has not taken out any insurance policy.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

Supplier: CASA ABASCAL S.A. DE C.V.

Tel.: (5255)56940371

Country: MEXICO

Goods/Services? : Spicial seeds

 

 

Highest credit? : DC 600,000.=

 

 

Client since? : 1982

Terms? : 30 days

Performance? : Prompt

Supplier: BODEGA DE GRANOS EL ALAZAN Y EL ROCIO SA DE CV

Tel.: (5255)56941155

Country: MEXICO

Goods/Services? : Animal feed

 

 

Highest credit? : DC 500,000.=

 

 

Client since? : 2005

Terms? : 30-60 days

Performance? : Prompt

Supplier: SURTIDORA ABARROTERA S.A. DE C.V

Tel.: (5255)56948801

Country: MEXICO

Goods/Services? : Groceries in general

 

 

Highest credit? : DC 250,000.=

 

 

Client since? : 2002

Terms? : 30 - 45 days

Performance? : Prompt

Supplier: ONIZZO EXPORTACIONES S.A.

Tel.: (562)4757575

Country: CHILE

Goods/Services? : Plums, raisins, chilies, etc.

 

 

Highest credit? : US$ 60,000.=

 

 

Client since? : 2005

Terms? : 15-30 days

Performance? : Prompt

Supplier: EMPACADORA DE SEMILLAS ZARAGOZA S.A. DE C.V.

Tel.: (5255)57567500

Country: MEXICO

Goods/Services? : Rice, beans, seeds, etc.

 

 

Highest credit? : US$ 20,000.=

 

 

Client since? : 2005

Terms? : 30 days

Performance? : Prompt

 

 

 

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

 

Supplier

Country

Comment

EXPORTADORA SAN GREGORIO S.A.

CHILE

No trade references were given

MERCANTIL DE VIVERES S.A. DE C.V.

MEXICO

No trade references were given

FRUTEXSA

CHILE

 

ESPECERA DEL SUR S.A.

CHILE

 

PRUNESCO S.A.

CHILE

 

 

BANKERS

BBVA BANCOMER
BANCO SANTANDER
 
It's worth mentioning that in Mexico no banker's information can be obtained without knowing the  checking account number and the name of the credit officer and the agency where those accounts were opened.

 

 

GENERAL INFORMATION

 

REPUTATION                                                                                                                                                       

NOTHING AGAINST COMPANY                                                                                                                             

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.04

Euro

1

Rs.69.62

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.