MIRA INFORM REPORT

 

 

Report Date :

29.08.2013

 

IDENTIFICATION DETAILS

 

Name :

DIPRODESA IMPORTACIONES S.A. DE C.V.

 

 

Registered Office :

Prolongación Valle Norte 320 Ote., Vía de FFCC y Carretera Mty-Monclova, Comunidad Juan Bautista de Villarreal  66550 El Carmen / Nuevo León

 

 

Country :

Mexico

 

 

Date of Incorporation :

09.10.2000

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Wholesale Trade-Non-Durable Goods. (Papers, Perfumes, Drugs, Hardware, Groceries, Apparel, Food, Dairy Products, Beverages.)

 

 

No. of Employees :

4

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 5.5%. 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 2012 Mexico formally joined the Trans-Pacific Partnership negotiations and in July it formed the Pacific Alliance with Peru, Colombia and Chile. 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 5.6% in 2010 with exports - particularly to the United States - leading the way. Growth slowed to 3.9% in 2011 and slightly recovered to 4% in 2012. In November 2012, Mexico's legislature passed a comprehensive labor reform which was signed into law by former President Felipe CALDERON. Mexico's new PRI government, led by President Enrique PENA NIETO, has said it will prioritize structural economic reforms and competitiveness. The new president signed the Pact for Mexico, an agreement that lists 95 priority commitments, along with the leaders of the country's three main political parties: the Institutional Revolutionary Party (PRI), the National Action Party (PAN) and the Party of the Democratic Revolution (PRD).

Source : CIA

 

 

IDENTIFICATION

 

CORRECT COMPANY NAME

DIPRODESA IMPORTACIONES S.A. DE C.V.

TRADE NAME

DIMSA

TAXPAYER REGISTRATION

RFC DIM001009FCA

MAIN ADDRESS

Prolongación Valle Norte 320 Ote., Vía de FFCC y Carretera Mty-Monclova, Comunidad Juan Bautista de Villarreal 

POSTAL CODE

66550

DEPT/PROV/REGION/STATE

El Carmen / Nuevo León

COUNTRY

MEXICO

TELEPHONE

(5281) 82361183 - 83315771 - 83315711- 83314060

CORPORATE E-MAIL

ventas@diprodesa.com

WEB

www.diprodesa.com

COMMENTS

 

 
EMAILS: }
mayra@diprodesa.com
jpedraza@interclan.net
 
 

EXECUTIVE SUMMARY

Date of foundation

2000

permanent employees

4

Chief Executive

PEDRAZA RODRIGUEZ, JORGE

Disposition

C: Poor. Very few information was given. Politely.

Payments policy

(P2) Usually to terms / good

Credit (**)

B : MODERATE RISK. (Acceptable financial situation but limited).

Number of times that this company was required: 9

 

LEGAL STRUCTURE

 

LEGAL STATUS

Stock Company of Variable Capital

 

 

DATE OF INCORPORATION

09OCT2000

 

 

PLACE OF REGISTRY

Monterrey/Nuevo León

 

 

NOTARY OFFICE

 

DURATION

99 years

CURRENT EXCHANGE RATE (US$)

Ps$13.04 per USD.1.00

 

 

MEMBERSHIP

Canaco Servytur Monterrey

 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

PEDRAZA RODRIGUEZ, JORGE

C.E.O.

50%

 

LEON, MARIA ERNESTINA ELIZONDO DE

Legal Representative

50%

 

MARTINEZ, MAYRA

Accountant

 

 

 

 

WHO IS WHO?

 

PEDRAZA RODRIGUEZ, JORGE

TITLE

C.E.O.

NATIONALITY

Mexican

 

 

LEON, MARIA ERNESTINA ELIZONDO DE

TITLE

Legal Representative

NATIONALITY

Mexican

CIVIL STATUS

Married

 

 

MARTINEZ, MAYRA

TITLE

Accountant

NATIONALITY

Mexican

PROFESSION

Accountant

 

 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

DISTRIBUIDORA DE PRODUCTOS DESHIDRATADOS S.A. DE C.V.

MEXICO

(AC) DPD930421N94

Related

 

 

BUSINESS

 

SIC Classification
5 1 - WHOLESALE TRADE-NON-DURABLE GOODS. (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

Main activity

 
Retail of seeds, food grains, spices coffee and dried chiles.

O P E R A T I O N S

Import

Yes

Country

Chile, China, USA, India, Brazil, Belgium

Export

No

% Credit SALES / Terms

100% (30 days)

SELLING TerritorY

Domestic market

EMPLOYEES

4

 

 

LOCATION

 

PREMISES

Rented

OTHER PREMISES

 
Headquarters operate at the above address.
 
OTHER PREMISES: Av. Los Angeles 1000 Interior 276-278, San Nicolás de Los Garza, Nuevo León.

Comments

 

 
Sales are targeted at the related company DISTRIBUIDORA DE PRODUCTOS DESHIDRATADOS SRL.
 

 

 

FINANCIAL INFORMATION

 

Disposition

C: Poor. Very few information was given. Politely.

Interviewee(s)

Mayra Martínez

Position(s)

Accountant

Information provided

 
Ms. Martinez only provided some operating data.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
B: FAIR
No payment inconveniences have been reported in the local market.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: RAMOS HERMANOS INTERNACIONAL SPR CV

Tel.: (52 656) 6292900

Country: MEXICO

Goods/Services? : Chilies, garlic

 

 

Highest credit? : US$ 50,000.=

 

 

Client since? : 2004

Terms? : 30, 45 days

Performance? : Prompt

 

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

 

Supplier

Country

AGENTE ADUANAL ALEJANDRO SANCHEZ E HIJOS

MEXICO

ELECTRICA COUNTRY S.A. DE C.V.

MEXICO

MICHIE COMERCIO EXPORTACAO E REPRES

BRAZIL

AGROFOOD IMPORTACAO E EXPORTACAO L.

BRAZIL

GRAMYBEL NV

BELGIUM

AL ORZAL INTERNATIONAL CO. LTD.

U.S.A.

SHANDONG JUSTON CEREAL & OIL INDUSTRIAL CO. LT

CHINA

JABS INTERNATIONAL PVT., LTD

INDIA

G. S. EXPORTS

INDIA

 

 

Comments :

BANCO AFIRME S.A. In compliance with bank regulations in force, the aforesaid entities declined to provide references about their client.

 

 

CREDIT OPINION

 

Since they refused to give balance sheets and trade references and other information are unknown, unfortunately, we cannot give a credit opinion.

NOTE : The opinion given is confidential, referential and with out liability.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.68.36

UK Pound

1

Rs.106.03

Euro

1

Rs.91.47

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.