MIRA INFORM REPORT

 

 

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.

 

SUMMARY

 

Date of foundation

1983

Capital stock

Ps$. 90,000,000.= Pesos

Annual revenues

US$ 65,637,082.73 (31DEC2008)

permanent employees

150

Chief Executive

GARCIA RUIZ, JESUS HUMBERTO

Disposition

D: Declined. For security reasons and/or competition.

Payments policy

Usually to terms/good

 

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

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GARCIA RUIZ, JESUS HUMBERTO

General Director

98%

 

COTA GARCIA, ELEAZAR

Commercial Director

 

 

SANTIVAÑEZ AVELLANEDA, GABRIEL

Dir. of Admin. & Finance

 

 

RAMIREZ, ALEJANDRO

Assistant Accountant

 

 

GARCIA RUIZ, BLANCA SUSANA

Shareholder

2%

 

CAMARGO, RICARDO

Human Resources Manager

 

 

 

 

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
2 0 - FOOD AND KINDRED PRODUCTS. SOLIDS AND LIQUIDS. (Manuf.Meat products, dairy products, poultry, canned fruits and vegetables, beverages, beer.)

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

 

LOCATION

 

TIME OCCUPIED

08/2005

FLOORS

2

AREA

12,000+ m2

OTHER PREMISES

The company operates from premises at heading address, consisting of  reception warehouse, administrative offices and tax residence.
The offices have everything needed to perform daily activities in a pleasant working environment, tastefully decorated and well ventilated.
Warehouse has the best infrastructure and is equipped to keep the natural freshness of products.
It is possible to store a wide range of products, in perfect order and in the best conditions, thanks to selective racks, double reach forklifts, narrow aisle forklifts that facilitate product placement.
The corridors of the warehouse are wide and allow passage and maneuvering of forklifts, pallet trucks, etc.,Smoothly.
The reception warehouse has railroad spur to download wagons. From this warehouse also can ship goods to any of their destinations, as they have the same first-class infrastructure as in the Cedis:
-Railroad spur
-Racks
-Forklifts
-Pallet trucks
They also have a basement, darker and cooler for the conservation of products that require these conditions. The maneuver yard is large and product loading and unloading maneuvers can be performed here. 
They also have ramps to easy these tasks and to adapt to the height of each vehicle.
The facility is located two blocks from Gomez Rojo near the largest wholesale market in Latin America, the "Central de Abastos" of Mexico City.
OTHER BUSINESS LOCATION: No other facilities reported.
 

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

COMPANY

AXA SEGUROS S.A. DE C.V.

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

Supplier: CELULOSA Y PAPEL DEL BAJIO S.A. DE C.V.

Tel.:

Country: MEXICO

Goods/Services? : Packaging

 

 

Highest credit? : No specified

 

 

Client since? : Sev.Yrs.

Terms? : 30 days

Performance? : Prompt

Comments : Average monthly purchases: Ps$.1,700,000.=

Supplier: SURTIDORA ABARROTERA S.A. DE C.V.

Tel.:

Country: MEXICO

Goods/Services? : Grains, seeds, groceries, etc.

 

 

Highest credit? : No specified

 

 

Client since? : Sev.Yrs.

Terms? : 45 days

Performance? : Prompt

Comments : Average monthly purchases: Ps$.2,600,000.=

Supplier: LOZANO MAGAÑA S..A DE C.V.

Tel.:

Country: MEXICO

Goods/Services? : Customs service

 

 

Highest credit? : No specified

 

 

Client since? : Sev.Yrs.

Terms? : 30 days

Performance? : Prompt

 

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

 

Supplier

Country

HENSALL DISTRIC CO- OPERATIVE

CANADA

ARCHER DANIELS MIDLAND CO. - ADM

U.S.A.

FRUTEXSA, FRUTAS DE EXPORTACIÓN S.A.

CHILE

AGRO FOOD IMPORTACAO E EXPORTACAO LTDA.

BRAZIL

ALBISHER EST.FOR IMPORT EXPORT

SIRIA

COPERATIVA AGRICOLA MISTRA DE TOMES

BRAZIL

CORHOUSE COMERCIO E PARTICIPACOES LTDA.

MEXICO

 

 

GENERAL INFORMATION

 

REPUTATION

 

NOTHING AGAINST COMPANY

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.33

UK Pound

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%)

 

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.