MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	MOLECULAS FINAS DE MEXICO SA DE CV
Registered Office :	Filipinas, Esquina Necaxa No.125, Interior 201, Colonia Portales, Deleg. Benito Juárez, DF,
Country :	Mexico
Date of Incorporation :	19.06.1991
Legal Form :	Sociedad Anónima de Capital Variable
Line of Business :	Manufacturing and distribution of chemical products.
No. of Employees :	70

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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's $1.3 trillion economy has become increasingly oriented toward manufacturing in the 20 years since the North American Free Trade Agreement (NAFTA) entered into force. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Mexico has become the United States' second-largest export market and third-largest source of imports. In 2013, two-way merchandise trade reached nearly $507 billion. 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 formed the Pacific Alliance with Peru, Colombia and Chile. Mexico's current government, led by President Enrique PENA NIETO, emphasized economic reforms during its first year in office, passing education, energy, financial, fiscal and telecommunications reform legislation. The three-party "Pact for Mexico" reform agenda aims to improve competitiveness and economic growth across the Mexican economy

Source : CIA

Company name and address
Legal Name:	MOLECULAS FINAS DE MEXICO SA DE CV
Trade Name:	MOLECULAS FINAS DE MEXICO
RFC:	MFM 910619 2M5
Date Created:	1991
Date Incorporated:	June 19th, 1991
Legal Address:	Filipinas, Esquina Necaxa No.125, Interior 201, Colonia Portales, Deleg. Benito Juárez, DF, Mexico.
Operative Address:	Filipinas, Esquina Necaxa No.125, Interior 201, Colonia Portales, Deleg. Benito Juárez, DF, Mexico.
Telephone:	52 55 2595-1440
Fax:	52 55 5539-0106
Legal Form:	Sociedad Anónima de Capital Variable
Email:	icastro@moleculas-finas.com
Registered in:	Mexico
Website:	www.moleculas-finas.com.mx
Manager:	Filigonio Fuentes Ramírez
Staff:	70
Activity:	Chemical Distribution
BANKS
Name of the Bank:	BBVA BANCOMER
	The company does not make its banking data public.
HISTORY
	The company started business in 1991
PRINCIPAL ACTIVITY
	The company is dedicated to the manufacturing and distribution of chemical products.
Products/Services description:	ABAMECTIN, ACETYLSALICYLIC ACID (Aspirin) , SODIUM CEFTRIAXONE STERILE, CEFACLOR, CISAPRIDE, DIMINAZENE DIACETURATE,,ENROFLOXACIN
Brands:	NA
Sales are:	Wholesale
Clients:	IMPRESIONES AZTECA Clients since: 2001 Payment term: 15 days Contact person: Antonio. The person contacted considered them excellent clients. FERSINSA GB, S.A. DE C.V Clients since: 1991 Credit line: USD 500,000. Payment term: 60 days Contact person: Alfredo Avila The person contacted considered them good clients.
Suppliers:	Metha Api Pvt., Ltd. 203, Center Point, J.B. Nagar, Next to Kohinoor Hotel, Andheri (E), Mumbai 400 059 India Aarti Drugs Ltd. Plot No. N - 198, M.I.D.C., Tarapur, Village - Pamtembhi, Taluka - Palghar, Dist. Thane - 401 506. Maharashtra. (INDIA)
Operations area:	National & International
The company imports from	India
The company does not export	No export data available
The subject employs	70 employees
Payments:	Regular
LOCATION
Headquarters :	Filipinas, Esquina Necaxa No.125, Interior 201, Colonia Portales, Deleg. Benito Juárez, DF, Mexico.
Branches:	Rivera No.2606 - Nave #39 col. Parque industrial el Álamo, Guadalajara, Jalisco.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	This is a private company. One of the shareholders is Filigonio Fuentes Ramírez.
Management:	Filigonio Fuentes Ramírez, General director Martha Guadalupe Esparza Saucedo, Administrative assistant Guadalupe Esparza, Manager
Subsidiary Companies:	There are no subsidiary companies
FINANCIAL INFORMATION
	This is a provate company which does not make its financials public. The following information has been provided by our private sources.
USD	2013
Sales	5 800 000
Net Income	23 000
Cash Flow	Normal
LEGAL FILINGS
	There are no legal/crimminal -
SUMMARY
	This is a Mexican company with 23 years of experience in the market. It is dedicated to the import and distribution of chemical/pharmaceutical prioducts nationally. The company counts with the support of 70 employees and shows no negative.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
ENTERVIEW
NAME	Ingrind
POSITION	Accounting Department
COMMENTS	She confirmed address, activity, clients and refused to provide us with more data.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.