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Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
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Name : |
DSM NUTRITIONAL PRODUCTS MEXICO S.A. DE C.V. |
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Registered Office : |
Km. 22.5 Carretera Guadalajara-El Salto, Col. Zona Industrial El Salto, 45680, El Salto, Jalisco |
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Country : |
Mexico |
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Date of Incorporation : |
13.06.2001 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in the development, assembly, import, export,
storage and marketing of food additives premixes and raw materials for human
and veterinary use, and generally product related to chemical and
pharmaceuticals industry. |
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No. of Employees : |
150 |
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 : |
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 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'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.
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Source
: CIA |
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CORRECT COMPANY NAME |
DSM NUTRITIONAL PRODUCTS MEXICO S.A. DE C.V. |
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TRADE NAME |
DSM |
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TAXPAYER REGISTRATION |
RFC DNP010613GN4 |
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MAIN ADDRESS |
Km. 22.5 Carretera Guadalajara-El Salto, Col. Zona Industrial El Salto |
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POSTAL CODE |
45680 |
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DEPT/PROV/REGION/STATE |
El Salto, Jalisco |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5233) 36686000 |
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CORPORATE E-MAIL |
fidel.hernandez@dsm.com |
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WEB |
www.dsm.com |
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Date of foundation |
2001 |
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permanent employees |
150 |
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Chief Executive |
HERNANDEZ CARRASCO, FIDEL |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Usually to terms / good |
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Number of times that this company was required: 10 |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
13JUN2001 |
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PLACE OF REGISTRY |
Guadalajara, Jalisco |
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NOTARY OFFICE |
N° 08 - Carlos Rubén Cuevas Se |
DURATION |
99 years |
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REGISTRATION |
Notarial Act 41766 |
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INITIAL CAPITAL |
Ps$50,000.= Pesos |
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CURRENT EXCHANGE RATE (US$) |
Ps$.13.21 per USD.1.00 |
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MEMBERSHIP |
Cámara de la Industria Alimenticia de Jalisco |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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HERNANDEZ CARRASCO, FIDEL |
General Director |
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DIAZ, JUAN CARLOS |
Human Resources Manager |
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HERNANDEZ CARRASCO, FIDEL |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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PROFESSION |
C.P.A. |
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The Company was formed on June 13,
2001 under the name Roche Vitaminas México S.A. de C.V., a company
that was part of Grupo Roche Syntex. At the beginning of 2004, Grupo Royal DSM N.V. from Holland was
negotiating the acquisition of Roche Vitaminas México S.A. de C.V. that was
completed at the end of February. Therefore, as from March 1st, 2004 it
chaged name to DSM Nutritional Products México S.A. de C.V., act made through
Notarial Act 43959 before Notary Office 8 of Distrito Federal, Notary Public,
Carlos Rubén Cuevas Senties, entered in the Public Registry of Properties and
Commerce under Number 279703 dated February 19, 2004. The Company is a subsidiary of DSM Nutritional Products Ltd., present
in more than 100 countries. DSM
Nutritional Products, Ltd., has more than 40 commercial offices and 11
factories globally. Only for human
health and nutrition, DSM has 13 premix factories distributed through 8 places worldwide producing customized
formulation for its customers. In Latin America, human health and nutrition has over 10 commercial
offices in different countries, 3 premix plants and a laboratory of regional
application. The regional office is based in Sao Paulo - Brazil. It has specialized
marketing and sales departments. Plants of powder and liquid premixes are located
in Brazil, Colombia and Mexico. All plants have been ISO 22000
certified. In addition they are ruled
by defined quality standards, such as: Food safety, HACCP, pharmaceutical
certifications and regulations. The company is related to: |
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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DSM ESPAÑA S.A. |
SPAIN |
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Related |
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DSM FINE CHEMICALS INC. |
U.S.A. |
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Related |
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DSM FOOD SPECIALTIES MEXICANA S.A. DE C.V. |
MEXICO |
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Related |
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DSM NUTRITIONAL PRODUCTS ARGENTINA S.A. |
ARGENTINA |
(AC) 30707822429 |
Related |
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DSM NUTRITIONAL PRODUCTS CENTROAMERICA Y EL CARIBE S.A. |
HONDURAS |
(AC) 08019002066713 |
Related |
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DSM NUTRITIONAL PRODUCTS CHILE S.A. |
CHILE |
(AC) 969594706 |
Related |
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DSM NUTRITIONAL PRODUCTS GUATEMALA S.A. |
GUATEMALA |
(AC) 28373529 |
Related |
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DSM NUTRITIONAL PRODUCTS INTERAMERICA S.A. |
PANAMA |
(AC) 2956201409394 |
Related |
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DSM NUTRITIONAL PRODUCTS PERU S.A. |
PERU |
(AC) 20504299628 |
Related |
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DSM NUTRITIONAL PRODUCTS URUGUAY S.A. |
URUGUAY |
(AC) 214580250019 |
Related |
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DSM NUTRITIONAL PRODUCTS VENEZUELA S.A. |
VENEZUELA |
(AC) J308784540 |
Related |
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Main activity |
The company is engaged in the development, assembly, import, export,
storage and marketing of food additives premixes and raw materials for human
and veterinary use, and generally product related to chemical and
pharmaceuticals industry. Trademark: DSM (own brand) |
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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 |
vitamins and raw materials from Malaysia, China and Holland, Italy,
Colombia through direct credit. |
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Export |
Yes |
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COUNTRY |
All over Latin America; direct credit |
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% CASH SALES / METHOD |
30% |
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% Credit SALES / Terms |
70% (30 and 45 days) |
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% Ventas exterior (Paises) |
50% |
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% DOMESTIC PURCHASES |
70% |
% FOREIGN PURCHASES |
30% |
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SELLING TerritorY |
50% |
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EMPLOYEES |
150 |
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Comments |
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Main Clients: - GRUPO BIMBO S.A. DE C.V. - BACHOCO S.A. DE C.V. - PRODUCTOS AVON S.A. DE C.V. - LYCONSA among other. The company is associated with the "Chamber of Food Industry of Jalisco." |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Information provided |
All the information contained in this report has been collected from different
outside sources as it was not possible to get from direct sources. Mr. Hernandez said that no one is going to provide information on
grounds of confidentiality. |
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Comments |
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CONSOLIDATED BALANCE
SHEET OF Koninklijke DSM N.V.
AS OF DECEMBER 31, 2013
EXPRESSED IN MILLION EUROS CURRENT ASSETS
4,875,000,000 NON CURRENT ASSETS
7,142,000,000 TOTAL ASSETS
12,017,000,000 CURRENT LIABILITIES
3,292,000,000 LONG-TERM LIABILITIES
2,627,000,000 SHAREHOLDERS' EQUITY
6,098,000,000 TOTAL LIAB./SH. EQUITY
12,017,000,000 NET REVENUE 9,618,000,000 NET INCOME
269,000,000 |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIR We do not have financial statements that enable an accurate analysis of
their results in the last year, however, specialized sources consulted did
not report background against it, and their suppliers expressed in good terms
about it and its record of payments, without observations against it. |
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Property of company comments |
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They include: - Office furniture and fixtures - Computers - Vehicles - Machinery and equipment |
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INSURANCE |
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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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Explanation about commercial reputation
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.03 |
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1 |
Rs.98.91 |
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Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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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.