MIRA INFORM REPORT

 

 

Report Date :

18.02.2013

 

IDENTIFICATION DETAILS

 

Name :

DKT DE MEXICO S.A. DE C.V.

 

 

Registered Office :

Miguel Angel de Quevedo Nº 696, Col. Villa Coyoacán, Deleg. Coyoacán 04000

 

 

Country :

Mexico

 

 

Date of Incorporation :

12.06.2001

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Purchase, sale, import, export, distribution of every kind of products, assistance programs and every kind of aid related to reproductive health.

 

 

No. of Employees :

62

 

 

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

DKT DE MEXICO S.A. DE C.V.

TAXPAYER REGISTRATION

RFC DME-010612-B52

MAIN ADDRESS

Miguel Angel de Quevedo Nº 696, Col. Villa Coyoacán, Deleg. Coyoacán

POSTAL CODE

04000

PROVINCE / DEPARTAMENT

México, D.F.

COUNTRY

MEXICO

TELEPHONE

(5255) 52451211

E-MAIL

msolis@dkt.com.mx

WEB

www.dkt.com.mx

COMMENTS

 
FAX :  (5255) 55961477

 

SUMMARY

 

Capital stock

Ps$50,000.=

permanent employees

62

Chief Executive

DE LA VEGA, KARINA

Payments policy

Usually to terms/good

Credit (**)

Risk is Moderate. Within Average. Lightly Fair Situation.

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

12JUN2001

PLACE OF REGISTRY

Mexico, Federal District

DURATION

99 years

INITIAL CAPITAL

Ps$ 50,000.=

CURRENT PAID-IN CAPITAL

Ps$50,000.=

CLASS OF SHARES

Registered

CURRENT EXCHANGE RATE (US$)

Ps$12.69 per 1 USD

COMMENTS

 
The company's legal structure has not changed since it was founded.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

DE LA VEGA, KARINA

CEO / Sole Administrator

YES

 

SOLIS, MAURO

Administration Manager

 

 

MORALES, GABRIELA

Sales Manager

 

 

 

 

WHO IS WHO?

 

DE LA VEGA, KARINA

NATIONALITY

Mexican

CIVIL STATUS

Married

PROFESSION

Businesswoman

 

 

 

 

DKT INTERNATIONAL, INC.

 

 

BUSINESS BACKGROUND

Address: 1701 K Street, NW, suite 900, Washington, DC 20006 
Tel. 2022238780

 

 

 

BUSINESS

 

Main activity

 
Purchase, sale, import, export, distribution of every kind of products, assistance programs and every kind of aid related to reproductive health.
Import, wholesale and distribution of condoms, mainly female and male condoms.
Brand: "Prudence"

Import

Yes

Country

The countries were not specified

Export

Yes

COUNTRY

The countries were not specified

% CASH SALES / METHOD

40%

% Credit SALES / Terms

60% (30-120 days)

SELLING TerritorY

Domestic market

EMPLOYEES

62

 

LOCATION

 

PREMISES

Rented

AREA

850 m2 approx.

OTHER PREMISES

 
The Corporate offices, Administrative offices, Warehouse operate at the main address.
These are industrial premises with easy access and in good condition.
 
No other premises have been found.

Comments

 
Subject's sales are aimed at the pharmaceutical, hospital sectors and public assistance sectors.
 
MAJOR CLIENTS: Farmacia Paris,  S.A. de  C.V., Farmacia de Especialidades Médicas Sur,  S.A. de  C.V., supermarket pharmacies, IMSS (Mexican Social Security Institute), ISSSTE (Institute of Security and Social Services for State Workers), SS (Social Security), among others.
 
Working Hours: Monday through Friday from 9 am to 6 pm.
 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Various Sources

Information provided

 
This report has been prepared through different information sources.
 
We have enclosed a summary of the combined Statement of Activity of DKT International, Inc. as of 31/12/12010, figures expressed in Pesos.

Comments

 
STATEMENT OF ACTIVITY OF DKT INTERNATIONAL, INC. AS OF 31/12/12010
(Figures expressed in Pesos)
 
Total Revenue, Gains, and Other Support   116,557,593
Total Expenses                                             114,326,097
Total Losses                                                  3,864,966
Total Expenses and Losses                          118,191,063
Change in Net Assets                                   (1,613,470)
Net Assets at Beginning of Year                   110,961,311
Net Assets at End of Year                             109,347,841

 

 

SALES

US$ 0.00 ()

Property of company comments

 
Subject's assets include:
- Office furniture and equipment
- Computer equipment
- (05) Vehicles among cars and vans.

Insurance Comments

 
No insurance-related information could be obtained.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

Supplier: AVALAR ASESORES, S.A. DE C.V.

Tel.: (5255) 52118165

Country: MEXICO

Highest credit? : DC 50,000.=

 

 

Client since? : 09 years

Terms? : 45 days

Performance? : Prompt

Comments : Credit limit.

 

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

 

Supplier

Country

Comment

NRS INTERNATIONAL, LTD.

UNITED ARAB EMIRATES

 

 

LAWSUITS

No of judicial problems have been found.

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.99

UK Pound

1

Rs.83.72

Euro

1

Rs.72.08

 

 

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.