MIRA
INFORM REPORT
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Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
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Name : |
LEVBETH MEDICAL S.A. DE C.V. |
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Registered Office : |
Dr. Juan de Dios Treviño 203, Dpto. A-3, Torre 1, San Jerónimo, Postal Code 64640, Monterrey / Nuevo León |
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Country : |
Mexico |
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Date of Incorporation : |
04.11.2005 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Importer,
distributor and marketer of medical supplies and equipment for all
endovascular procedures: neurovascular, peripheral, cardiovascular and
general surgery |
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No. of Employees : |
02 |
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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 5.5%. 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).
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Source : CIA |
IDENTIFICATION
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CORRECT COMPANY NAME |
LEVBETH MEDICAL
S.A. DE C.V. |
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TAXPAYER REGISTRATION |
RFC LME051104FZ8 |
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MAIN ADDRESS |
Dr. Juan de Dios Treviño 203, Dpto. A-3,
Torre 1, San Jerónimo |
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POSTAL CODE |
64640 |
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DEPT/PROV/REGION/STATE |
Monterrey / Nuevo León |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5281) 83464074 |
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CORPORATE E-MAIL |
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WEB |
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COMMENTS |
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Another e-mail: roxana.iracheta@levbethmedical.com
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EXECUTIVE SUMMARY
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Date of foundation |
2005 |
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permanent employees |
2 |
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Chief Executive |
LEIJA HERNANDEZ, BERTHA OLIVIA |
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Disposition |
Moderate. Some data and figures were
confirmed. |
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Payments policy |
Always to terms or early |
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Number of times that this company was
required: 3 |
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LEGAL STRUCTURE
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
04NOV2005 |
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PLACE OF REGISTRY |
Monterrey / Nuevo León |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.87 per 1.00 US Dollar |
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DIRECTORS
EXECUTIVES –
SHAREHOLDERS
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WHO IS WHO?
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LEIJA HERNANDEZ,
BERTHA OLIVIA |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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CIVIL STATUS |
Married to Mauro Alan Levinton |
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LEVINTON, MAURO
ALAN |
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TITLE |
Manager |
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NATIONALITY |
Argentinian |
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CIVIL STATUS |
Married to Bertha Olivia Leija Hernandez |
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ORTIZ ULLOA,
MYRSA PATRICIA |
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TITLE |
Administrative Manager |
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NATIONALITY |
Mexican |
BUSINESS
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SIC
Classification |
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Main activity |
Import, distribution and marketing of
medical supplies and equipment for all endovascular procedures:
neurovascular, peripheral, cardiovascular and general surgery. Representative of the brands: ENDOLOGIX,
MGUARD, HARBEST, LEMAITRE, RELAY,BALT, TERUMO, BARD, PLC, MICROVENTION,
COVIDIEN, SAHAJANAND, ALN. |
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OPERATIONS |
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Import |
Yes |
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Country |
USA |
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Export |
No |
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% CASH SALES / METHOD |
20% |
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% Credit SALES / Terms |
80% (20-day credit terms) |
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% DOMESTIC PURCHASES |
05% |
% FOREIGN PURCHASES |
95% |
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SELLING TerritorY |
Domestic market |
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EMPLOYEES |
2 |
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Comments |
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LEVBETH
MEDICAL S.A. DE C.V. is a small-sized company whose sales are oriented
to privately-held companies and government entities. It also participates in
bids called by government |
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FINANCIAL INFORMATION
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Disposition |
Moderate. Some data and figures were
confirmed. |
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Interviewee(s) |
Roxana Iracheta |
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Position(s) |
Finance Manager |
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Information provided |
The interviewee collaborated with general
data delivery, leading the delivery of financial figures to Mr. Mario Villasenor
(Finance Director) who bluntly declined to provide this information, stating
that their purchases are made strictly for cash even with advance payments,
assuming completed the interview. This report was supplemented by public
sources. |
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SALES |
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FINANCIAL SITUATION |
SATISFACTORY This firm has a wide range of leading
brands globally to provide solutions in Endovascular procedures raging from
the brain to the lower extremities. |
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Insurance Comments |
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We were advised the subject Company has
not taken insurance policies yet. |
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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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CREDIT OPINION
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Consulted Credit
Amount : |
MAXIMUM |
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The Absence of payment figures and habits,
does not allow us to give a credit opinion. |
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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.60.05 |
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UK Pound |
1 |
Rs.90.71 |
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Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
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.