|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
BODEGA DE GRANOS EL ALAZAN Y EL ROCIO S.A. DE C.V. |
|
|
|
|
Registered Office : |
Puente de Paja No. 18, Central de Abasto, Deleg. Iztapalapa 09040 México D.F. |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Date of Incorporation : |
24.10.1983 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
The Company is engaged in the import and marketing of grains and seeds. |
|
|
|
|
No. of Employees : |
150 |
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 : |
No Complaints |
|
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 |
BODEGA DE GRANOS
EL ALAZAN Y EL ROCIO S.A. DE C.V. |
||||||||||||||||
|
TRADE NAME |
EL ALAZÁN |
||||||||||||||||
|
TAXPAYER REGISTRATION |
RFC BGA831024IY2 |
||||||||||||||||
|
MAIN ADDRESS |
Puente de Paja No. 18, Central de Abasto,
Deleg. Iztapalapa |
||||||||||||||||
|
POSTAL CODE |
09040 |
||||||||||||||||
|
DEPT/PROV/REGION/STATE |
México D.F. |
||||||||||||||||
|
COUNTRY |
MEXICO |
||||||||||||||||
|
TELEPHONE |
(5255) 56401600 (switchboard with 30
lines) |
||||||||||||||||
|
E-MAIL |
jhgarcía@alazan.com.mx (main) |
||||||||||||||||
|
WEB |
www.alazan.com.mx |
||||||||||||||||
|
COMMENTS |
|
||||||||||||||||
Another E-mail: ecota@alazan.com.mx - (commercial address)gabsa@alazan.com.mx - (administration and finance)Ordered as: Bodega de granos El Alazán El Rocia S.A. de C.V.We make the clarification that the correct legal name of the company is: Bodega de Granos El Alazán y el Roció S.A. de C.V. |
|||||||||||||||||
|
|
|||||||||||||||||
|
|||||||||||||||||
LEGAL BACKGROUNDS
|
|||
|
LEGAL STATUS |
Stock Company of Variable Capital |
|
|
|
DATE OF INCORPORATION |
24OCT1983 |
|
|
|
PLACE OF REGISTRY |
Mexico DF |
|
|
|
CURRENT PAID-IN CAPITAL |
Ps$. 90,000,000.= Pesos |
|
|
|
CLASS OF SHARES |
Registered |
LISTED AT STOCK EXCHANGE |
No |
|
SHARE VALUE |
Ps$1.= |
|
|
|
CURRENT EXCHANGE RATE (US$) |
Ps$12.40 per 1 USD |
|
|
DIRECTORS - EXECUTIVES – SHAREHOLDERS
|
|||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
WHO IS WHO?
|
|
|
GARCIA RUIZ,
JESUS HUMBERTO |
|
|
TITLE |
General Director |
|
NATIONALITY |
Mexican |
|
D.O.B. |
20OCT1952 |
|
CIVIL STATUS |
Married |
|
PROFESSION |
Doctor |
|
TAX ID |
GARJ5210201A8 |
BUSINESS HISTORY
|
|
Bodega de Granos El Alazán y El Roció S.A. de C.V.,, is a 100% Mexican company. It was established in 1970 in the old neighborhood of La Merced, former wholesale market of Mexico City, which in 1982 was replaced by the modern Central de Abasto.In 1988 the company began diversifying its products by adding to its product range: peaches in syrup, cinnamon, prunes, raisins, popcorn, Norwegian cod and pineapple in syrup.They are located near Mexico city's Central de Abasto , the largest wholesale market in the world.They have 12,000 square meters of storage space as well as two warehouses with railroad spurs to preserve products in the best conditions.As far as we know the company does not report any related companies. |
|
BUSINESS
|
|||||||||||||
|
SIC Classification |
|||||||||||||
|
Main activity |
The Company is engaged in the import and marketing of grains and seeds.Products marketed:-Food for birds (Canaryseed, canaryseed mix, bird oats, green peas, sunflower, flaxseed, white and red millet, turnip and niger seeds)-Cereals (Rice, oat flakes, popcorn, cracked corn, corn starch, white corn and wheat)-Dried Chiles -Spices (Imported anise, cinnamon, cloves, cumin, fat pepper and black pepper)-Canned fruit (Peaches in syrup, pineapple in syrup, cherries with tail and fruit cocktaill)-Nuts (Almonds, prunes, pecans, raisins and tamarind)-Legumes (Beans, chickpeas, broad beans and lentils)-Oil Seeds (Sesame, peanut, safflower seeds, pumpkin seeds, soybeans and textured soy)-Miscellaneous (Jamaica, food for growing chicken and brown paper (kraft paper))BRANDS: Alazán (own brand) / Mr. Bean ®, Mr. Bird ®, Dulce Mañana ®, Mr. Pop ®, Mr. Jumbo Sunflower ®, and more (third-parties'). |
||||||||||||
|
Import |
Yes |
||||||||||||
|
Country |
Canada, United States, Argentina, India, Myanmar,
Uruguay, China, Chile, Peru, Bulgaria, Greece, Thailand, Sri Lanka, Brazil,
etc., By direct credit of 30 days |
||||||||||||
|
Export |
No |
||||||||||||
|
% CASH SALES / METHOD |
30% |
||||||||||||
|
% Credit SALES / Terms |
70% (terms: 30 days) |
||||||||||||
|
% DOMESTIC PURCHASES |
40% |
% FOREIGN PURCHASES |
60% |
||||||||||
|
SELLING TerritorY |
Domestic market - 100% |
||||||||||||
|
EMPLOYEES |
150 |
||||||||||||
|
|||||||||||||
|
Comments |
|
||||||||||||
CUSTOMERS: Subject has about 1,500 clients consisting of wholesalers basically.
|
|||||||||||||
FINANCIAL INFORMATION
|
||||||
|
Disposition |
D: Declined. For security reasons and/or
competition. |
|||||
|
Information provided |
All the information contained in this report has been collected from outside sources as it was not possible to get information from the Company directly due to confidential policy. |
|||||
|
|
||||||
|
|
||||||
|
SALES |
US$ 65,637,082.73 (31DEC2008) |
|||||
|
Property of company comments |
|
|||||
The company has:-Furniture and office equipment-Computer equipment-Fleet of 37 vehicles (14 trucks of 3 1/2 tons, 15 trucks of 20 tons, 8 trailers of 30 tons).-Ramps-Double reach forklifts-Narrow aisle forklifts-Etc. |
||||||
|
|
|
|
|
|
||
|
INSURANCE |
||||||
|
||||||
TRADE REFERENCES, CREDIT
BUREAU, LAWSUITS, BANKS
|
|||||||||||||||||||||||||||||||||||||||||||
|
TRADE REFERENCES |
|||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Note : Other
suppliers did not provide information or could not be consulted |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
GENERAL INFORMATION
|
|
|
REPUTATION |
|
|
NOTHING AGAINST COMPANY |
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.