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Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
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Name : |
MERCANTIL DE VÍVERES S.A. DE C.V. |
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Registered Office : |
Andador H, Bodegas 38- A y B, Pasillos 1 y 2, Col. Central de Abasto, Deleg.
Iztapalapa, ZPostal Code 09040, México DF, Distrito Federal |
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Country : |
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Year of Establishment : |
15.06.1960 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in the purchase, sale, importation, and distribution of all kinds of seeds, spices, and groceries; as well as cinamon, lentils, hibiscus flower, black and white pepper, clove, annatto, beans, rice, etc. |
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No. of Employees : |
20 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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CORRECT COMPANY NAME |
MERCANTIL DE
VÍVERES S.A. DE C.V. |
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TRADE NAME |
MERCANTIL DE
VÍVERES |
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TAXPAYER REGISTRATION |
RFC MVI600615MG6 |
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MAIN ADDRESS |
Andador H, Bodegas 38- A y B, Pasillos 1 y
2, Col. Central de Abasto, Deleg. Iztapalapa |
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POSTAL CODE |
09040 |
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PROVINCE / DEPARTAMENT |
México DF |
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STATE / REGION |
Distrito Federal |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 56943734 |
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E-MAIL |
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Date of foundation |
1960 |
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Capital stock |
Ps$.150,000.= Pesos |
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permanent employees |
20 |
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Chief Executive |
RUBIO NAVA, JORGE |
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Disposition |
Report totally prepared by outside
sources. |
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Payments policy |
Usually to terms/good |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
15JUN1960 |
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PLACE OF REGISTRY |
Mexico FD |
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DURATION |
99 years |
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INITIAL CAPITAL |
Ps$.50,000.= Pesos |
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CURRENT PAID-IN CAPITAL |
Ps$.150,000.= Pesos |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.84 per USD.1.00 |
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COMMENTS |
Capital was increased to Ps$.150,000 Pesos
in December 2000. Jorge Rubio Nava is authorized to sign
negotatiable instruments. Ownership structure was not specified. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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RUBIO NAVA,
JORGE |
Director General |
Yes |
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BUSINESS HISTORY
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Mercantil de Viveres S.A. de C.V., is a
Mexican company established on June 15, 1960 in Mexico City; it has not
changed its legal status since it was formed. It is not related to any other companies. |
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Main activity |
The Company is engaged in the purchase,
sale, importation, and distribution of all kinds of seeds, spices, and groceries;
as well as cinamon, lentils, hibiscus flower, black and white pepper, clove,
annatto, beans, rice, etc. Trademark:
MERCANTIL DE VIVERES |
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% Credit SALES / Terms |
100% (30 and 45 days) |
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% FOREIGN PURCHASES |
100% |
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SELLING TerritorY |
Mexican market - 100% |
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EMPLOYEES |
20 |
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Comments |
Business Purpose: Purchase, sale, distribution,
consignment, importation and exportation of every kind of seed, groceries and
processed food. Main Clients: CHEDRAUI, COMERCIAL
MEXICANA, BODEGA AURRERA, WAL MART, among other |
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Disposition |
Report totally prepared by outside
sources. |
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Information provided |
The information contained in this report
has been collected from different outside sources as it was not possible to
get it from the Company. Nevertheless, no balance sheets or estimated
accounting figures could be obtained. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINED Financial situation is indeterminate. No balance sheets were found to assess this
Company results at present. |
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Property of company comments |
They include Office furniture and fixtures Computers Machinery and equipment Vehicles |
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INSURANCE |
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Insurance Comments |
No information was available in this regard. |
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(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 legal actions have been filed against this Company. |
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BANKERS BVA BANCOMER, S.A. BANAMEX, S.A. |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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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.53.59 |
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UK Pound |
1 |
Rs.85.81 |
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Euro |
1 |
Rs.69.91 |
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 |
---- |
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.