MIRA INFORM REPORT

 

 

Report Date :

26.11.2012

 

IDENTIFICATION DETAILS

 

Name :

cASA gUEMES s.a. dE c.v.

 

 

Registered Office :

 

Andador D, Bodegas 10, Pasillos 1 y 2, Central de Abastos, Deleg. Iztapalapa

 

 

 

 

Country :

Mexico

 

 

 

 

Date of Incorporation :

08.11.1993

 

 

 

 

Legal Form :

Stock Company of Variable Capital

 

 

 

 

Line of Business :

Purchase, sale, importation, and distribution of all kinds of seeds, spices, groceries, as well as packing. Main products include: Cinnamon, lentils, hibiscus flower, black and white pepper, clove, annatto, beans, rice, etc.

 

 

 

 

No. of Employees :

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 – 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

CASA GUEMES S.A. DE C.V.

TAXPAYER REGISTRATION

RFC CGU831108EB4

MAIN ADDRESS

Andador D, Bodegas 10, Pasillos 1 y 2, Central de Abastos, Deleg. Iztapalapa

POSTAL CODE

09040

PROVINCE / DEPARTAMENT

México DF

STATE / REGION

Distrito Federal

COUNTRY

MEXICO

TELEPHONE

(5255) 56948589

E-MAIL

casaguemes@prodigy.net.mx

 

 

SUMMARY

 

Date of foundation

1993

Capital stock

Ps$.50,000 Pesos

permanent employees

20

Chief Executive

VAZQUEZ RINCÓN, OSCAR

Disposition

Report totally prepared by outside sources.

Payments policy

Without rating (No payment experience traced)

Credit (**)

Risk is Moderate. Within Average. Lightly Fair Situation.

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

08NOV1983

PLACE OF REGISTRY

México DF

DURATION

99 years

INITIAL CAPITAL

Ps$.10,000 Pesos

CURRENT PAID-IN CAPITAL

Ps$.50,000 Pesos

CLASS OF SHARES

Registered

CURRENT EXCHANGE RATE (US$)

Ps$.13.01per USD.1.00

COMMENTS

 
Oscar Vázquez Rincon along with other unknown shareholders, control the Company but ownership structure was not specified.
Mr. Vázquez is authorized to sign negotiable instruments.
 
In December 2006, capital stock was increased to Ps$.50,000.= Pesos, no other increase was reported.
 
According to what we investigated, it is not related to any other company.

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

VAZQUEZ RINCÓN, OSCAR

Sole Adm./DirectorGeneral

Yes

 

 

 

BUSINESS

 

Main activity

 
Purchase, sale, importation, and distribution of all kinds of seeds, spices, groceries, as well as packing. Main products include: Cinnamon, lentils, hibiscus flower, black and white pepper, clove, annatto, beans, rice, etc.
Wholesale - 100%
Brand: CASA GUEMES

% Credit SALES / Terms

100% at 30 and 45 days

SELLING TerritorY

Domestic market

EMPLOYEES

20

 

LOCATION

PREMISES

Rented

OTHER PREMISES

 
Administrative offices, warehouse and packaging area operate at the above address. Premises kept in good condition.
Found no other premises.

 

Comments

 
BUSINESS PURPOSE: Purchase, sale, distribution, consigment, importation and exportation of every kind of sedes, groceries, processed food, dried chili, spices.
 
Main Clients:  Soriana, Bodega Aurrera, Wal Mart etc.

 

 

FINANCIAL INFORMATION

 

Disposition

Report totally prepared by outside sources.

Information provided

 
This report has been prepared based on data collected from third-party sources as it was not possible to get it from the Company.
No balance sheets or estimated accounting figures were available.

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
UNDETERMINED
Financial Condition of the Company is considered to be INDETERMINED since no accounting figures were available to assess its current results.

Property of company comments

 
They include:
Office furniture and equipment
Computers
Packaging machinery
No vehicles were found

Insurance Comments

 
The Company is not insured.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

Supplier

Country

Comment

KARNU KRISHNA CORPORATION

INDIA

 

HAKAN BULGARIA, LTD.

BULGARIA

 

 

CREDIT HISTORY

It was not possible to get the name of the local suppliers the Company would deals with.  This condition prevents from determining its payment record.

 

LAWSUITS

No legal actions have been filed against this Company.

 

BANKERS

BBVA BANCOMER, S.A

Branch: Central de Abastos

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.88.30

Euro

1

Rs.71.37

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.