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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BERSHKA MEXICO S.A. DE C.V. |
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Registered Office : |
Poniente 146 # 730, Col. Industrial Vallejo, Deleg. Azcapotzalco |
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Country : |
Mexico |
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Financials (as on) : |
31.01.2014 (Grupo Inditex) |
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Date of Incorporation : |
11.04.2000 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in the Boutique of garments and accessories for women |
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No. of Employees : |
More than 5,00 employees (Group in Mexico) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
recovered during 2010-13 with exports - particularly to the United States -
leading the way. 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
emphasized economic reforms during its first year in office, passing education,
energy, financial, fiscal and telecommunications reform legislation.
Nevertheless, administration estimates show GDP growth slowed in 2013 to just
over 1%.
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Source
: CIA |
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CORRECT COMPANY NAME |
BERSHKA MEXICO S.A. DE C.V. |
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TRADE NAME |
BERSHKA |
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TAXPAYER REGISTRATION |
RFC BME0004112J6 |
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MAIN ADDRESS |
Poniente 146 # 730, Col. Industrial Vallejo, Deleg. Azcapotzalco |
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POSTAL CODE |
02300 |
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DEPT/PROV/REGION/STATE |
México DF |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 50782000 |
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WEB |
www.bershka.com |
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COMMENTS |
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Notice the correct address is as above written. No telephone number was provided on your order. Fax: (55) 50782095 Email: marcelacm@mx.inditex.com |
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Date of foundation |
2000 |
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Chief Executive |
LUIS LÓPEZ, LIZBETH MARCELA |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Without rating (No payment experience traced) |
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Number of times that this company was required: 2 |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
11APR2000 |
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PLACE OF REGISTRY |
México D.F. |
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NOTARY OFFICE |
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DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$.13.12 per USD.1.00 |
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MEMBERSHIP |
Cámara Nacional de Comercio, Servicios y Turismo de la Ciudad de
México |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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LUIS LÓPEZ, LIZBETH MARCELA |
Director General |
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LUIS LÓPEZ, LIZBETH MARCELA |
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TITLE |
Director General |
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NATIONALITY |
Mexican |
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PROFESSION |
Marketing Licentiate |
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BACKGROUND INFORMATION |
Position: Director General of Communication
and Institutional Relations of GRUPO INDITEX for Mexico. Graduated in Communication from Universidad Iberoamericana; Master
Degree in International Marketing in
Madrid, Spain. She has worked for the advertising agency PR Mexico where she services
accounts such as Cavalli, Dolce & Gabana and Playboy México Editorial Later, she worked for Olabuenaga Chemistri in advertising for GM,
Pontiac, Fiat. In Sony Entertainment Televisión, she was the Marketing Manager in
duties such as coordination of brands, learn about channels such as E!
Entertainment Television, AXN, Sony, The History Channel, A&E and ANIMAX. As a result of that, she was admitted to take a master in marketing
and went to study to Spain. |
BERSHKA MEXICO S.A. DE C.V. was formed on April 11, 2000 in the city of
Mexico, having not changed since then the legal status.
The Company is part of GRUPO INDITEX Inditex is a fashion retailer which
dates back to 1963 when it started life in a small workshop making women's
clothing. Today it has over 6,300 stores throughout the world. Through its
history the Group has evolved to become the business it is today reaching many
notable milestones along its journey. But it has always remained focused on listening
closely to its customers to offer them the fashions they desire. This strong
customer orientation would give rise, years later, to the launch of the first
Zara store in 1975. This was followed by the brand's international expansion at
the end of the 1980s and the successive launch of new retail concepts:
Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and
Uterqüe. This customer focus underpins an organisational structure that
encompasses all stages of the fashion value chain (design, manufacturing,
distribution and sale in proprietary stores). The customer promise is also the
driving force behind the integration of its sustainable and environmental
policies used throughout the Group's supply chain.
The Group's brands
strive to sell fashionable products of the highest quality. Inditex is
committed to its customers; which means that its 125,000-strong workforce is
focused on staying true to its word. A state of the art logistics system
centred in Spain helps deliver new
products to all of the Group's stores twice weekly to meet its customers'
needs.
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SIC Classification L - INDUSTRIA MANUFACTURERA DIVERSA - CONFECCIONES (Industria
manufacturera diversa de productos y artículos de consumo y utilitarios, vestidos,
camisas, confecciones) |
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Main activity |
Boutique of garments and accessories for women. Trademark: BERSHKA ® |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
Spain; direct credit at 30 days |
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Export |
No |
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% CASH SALES / METHOD |
100% |
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% FOREIGN PURCHASES |
100% |
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SELLING TerritorY |
Mexican market - 100% |
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Comments |
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As group in Mexico, there are more than 5,00 employees. Clients: General public Visa, MasterCard and American Express credit cards are accepted. |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Marcela Castro |
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Position(s) |
Accountant |
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Information provided |
Ms. Castro said she had been instructed by her superiors not to
provide information about the Company. Consequently, the information in this report has been collected from
different outside sources where we only got the main figures of the Interim
Consolidated Balance Sheet of Grupo Inditex as of January 31, 2014, expressed
in Million Euros. |
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Comments |
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INTERIM CONSOLIDATED BALANCE SHEET OF GRUPO INDITEX AS OF JANUARY 31, 2014
EXPRESSED IN MILLION EUROS ASSETS Current Assets 6,765 Non-Current Assets 6,991 TOTAL ASSETS 13,756 LIABILITIES Current Liabilities 3,462 Non-Current Liabilities 1,016 Shareholders' Equity 9,278 TOTAL LIAB. /SHAREH. EQUITY
13,756 REVENUE
16,724 NET INCOME
2,382 |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIR This is a company with over 10 years of experience in the market. Despite no individual balance sheets were available, found out the
Company is part of a well-established corporation. It is publicly known that
the Company operates without problems. |
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Property of company comments |
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They include: - Vehicles - Office furniture and fixtures - Computers |
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(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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.00 |
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1 |
Rs.101.75 |
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Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NNA |
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 |
-- |
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.