MIRA
INFORM REPORT
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Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
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Name : |
CHILES Y CONDIMENTOS AZTECA, S.A. DE C.V. |
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Registered Office : |
Arboledas Nº 1101, |
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Country : |
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Date of Incorporation : |
02.02.2007 |
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Com. Reg. No.: |
Page No. 34316; Deed No. 7819 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
import, purchase, sale, distribution, packaging, wholesale of every kind of cereals, seeds dry chili and condiments. |
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No. of Employees : |
76 (Plant: 34, Clerical staff: 42) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
IDENTIFICATION
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CORRECT COMPANY NAME |
CHILES Y
CONDIMENTOS AZTECA, S.A. DE C.V. |
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TAXPAYER REGISTRATION |
RFC CCA070202HL8 |
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MAIN ADDRESS |
Arboledas Nº 1101, Col. Mercado de Abastos |
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POSTAL CODE |
44530 |
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PROVINCE / DEPARTAMENT |
Guadalajara |
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STATE / REGION |
Jalisco |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5233) 36710471 |
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E-MAIL |
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WEB |
SUMMARY
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Capital stock |
Ps$ 16'050,000.= |
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permanent employees |
76 (Plant: 34, Clerical staff: 42) |
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Chief Executive |
BARAJAS PLASCENCIA, JUAN CARLOS |
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Disposition |
Report totally prepared by outside
sources. |
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Payments policy |
Usually to terms/good |
LEGAL BACKGROUNDS
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
02FEB2007 |
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PLACE OF REGISTRY |
Guadalajara, Jalisco |
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NOTARY OFFICE |
N° 26, Lic. Manuel Parada Ji |
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DURATION |
99 years |
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REGISTRATION |
Page No. 34316; Deed No. 7819 |
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INITIAL CAPITAL |
Ps$ 50,000.= |
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CURRENT PAID-IN CAPITAL |
Ps$ 16'050,000.= |
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LAST CAPITAL INCREASE |
03/07/2008 |
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CLASS OF SHARES |
Registered |
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SHARE VALUE |
Ps$ 1.= |
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COMMENTS |
The company's shareholding structure was
not revealed. Juan Carlos Barajas Plascencia and Aurelio
Barajas Sánchez are entitled to execute and sign loan claims. |
DIRECTORS - EXECUTIVES – SHAREHOLDERS
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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BARAJAS
PLASCENCIA, JUAN CARLOS |
Sole Administrator / CEO |
YES |
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BARAJAS PLASCENCIA, ROGELIO MOISES |
Assistant Manager |
YES |
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BARAJAS SÁNCHEZ, AURELIO |
Proxy |
YES |
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CASTRO, CLAUDIA |
Purchasing Manager |
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WHO IS WHO?
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BARAJAS
PLASCENCIA, JUAN CARLOS |
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NATIONALITY |
Mexican |
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D.O.B. |
1974 |
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CIVIL STATUS |
Married |
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DOMICILE |
Javier Mina Nº 20-A Col. Toluquilla,
Tlaquepaque, Jal. |
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PROFESSION |
Trader |
RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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BUSINESS
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Main activity |
Subject is engaged in the import,
purchase, sale, distribution, packaging, wholesale of every kind of cereals,
seeds dry chili and condiments. Purchase, sale, production, processing, representation,
import, export, distribution, trading, inbond assembly (maquila) and storage
of dry chili, cereals, almonds, peanuts, nuts, pistachio, snacks, and grains. Brands: Terre, La Valentina, Mega, La Limonera, etc. |
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% CASH SALES / METHOD |
40% |
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% Credit SALES / Terms |
60% (Terms: 30 and 45 days) |
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SELLING TerritorY |
Domestic market |
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EMPLOYEES |
76 (Plant: 34, Clerical staff: 42) |
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Comments |
Subject's sales are aimed at the food
industry. Working hours: Monday through Friday from
8:00 am to 18:00 pm. |
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FINANCIAL INFORMATION
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Interviewee(s) |
Third-party Sources |
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Disposition |
Report totally prepared by outside sources. |
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Information provided |
This report has been prepared with data
gathered through third parties and public sources where neither balance
sheets nor benchmark figures could be obtained. |
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SALES |
US$ 0.00 () |
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Property of company comments |
Subject's assets include: - Office furniture and equipment - Computer equipment - Machinery and equipment such as
packaging machines, conveyor belts, thermosealers, etc. - (20) Vans and automobiles. |
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INSURANCE |
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TRADE REFERENCES, CREDIT BUREAU, LAWSUITS,
BANKS
(Confidential Information)
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TRADE REFERENCES |
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Note : Other
suppliers did not provide information or could not be consulted |
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LAWSUITS No lawsuits have been filed against
Subject. |
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BANKERS - BBVA BANCOMER, S.A. - Branch: Mercado de Abastos - BANORTE,
S.A. - Branch: Mercado de Abastos Subject's financial transactions are carried
out through the above mentioned banks which refused to provide further
information for confidentiality reasons. They said Subject is a good client. No experience on commercial credits or
external financing was found. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.08 |
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UK Pound |
1 |
Rs.86.69 |
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Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.