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Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
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Name : |
FARK CORP S.A. DE C.V. |
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Registered Office : |
Luis Lusati Mz. 12 Lt. 14 Atizapán De Zaragoza, Estado De Mexico,
52966 |
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Country : |
Mexico |
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Date of Incorporation : |
07.06.1994 |
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Legal Form : |
Sociedad Anónima de Capital Variable |
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Line of Business : |
Import and Wholesale of Chemical Product for the Pharmaceutical,
Cosmetic, Veterinary and Food Industries. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Mexico |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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Order: |
Fark Corp, S.A. de C.V. |
|
Address in the order: |
Edo 9406079L9 Luis Lusati Mza 12 Lote 14 Col. Mexico Nuevo Atizapan De
Zaragoza, Mexico |
|
Legal Name: |
Fark Corp, S.A. de C.V. |
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Trade Name: |
Fark Corp |
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RFC: |
FCO-940607-9L9 |
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Date Created: |
1994 |
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Date Incorporated: |
June 7, 1994 |
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Legal Address: |
Luis Lusati Mz. 12 Lt. 14 Atizapán De Zaragoza, Estado De Mexico,
52966 Mexico |
|
Operative Address: |
Luis Lusati Mz. 12 Lt. 14 Atizapán De Zaragoza, Estado De Mexico,
52966 Mexico |
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Telephone: |
(55) 53 41 42 42 |
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Fax: |
(55) 53 41 71 38 |
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Legal Form: |
Sociedad Anónima de Capital Variable |
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Email: |
|
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Registered in: |
Mexico |
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Website: |
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Manager: |
Luis Alberto Mere Brossin |
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Staff: |
15 |
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Activity: |
Chemical Wholesalers |
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SIC Codes: |
5162 5169 |
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NAICS Codes: |
424610 424690 |
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BANKS
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Name of the Bank: |
Banamex |
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The company does not make its banking information public |
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HISTORY
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The company started business in 1994. |
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PRINCIPAL
ACTIVITY
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The company engages in the import and wholesale of chemical product
for the pharmaceutical, cosmetic, veterinary and food industries. |
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Products/Services description: |
ANTIPROTOZOAL |
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Trademarks: |
FARK CORP |
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Sales are: |
Wholesale |
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Clients: |
Pharmaceutical, cosmetic, veterinary and food industries. |
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Competitors: |
Sinbiotik, S.A. de C.V. |
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Suppliers: |
AArtidrugs Ltd. (India) |
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Operations area: |
National |
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The company imports from |
Italy, India |
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The company does not export |
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The subject employs |
15 employees |
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Payments: |
Regular |
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LOCATION
|
|
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Headquarters : |
Luis Lusati Mz. 12 Lt. 14 Atizapán De Zaragoza, Estado De Mexico,
52966 Mexico |
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Branches: |
The company does not have branches |
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Business Overview: |
Companies in this industry distribute plastics
materials, alkalis and chlorine, detergents and soaps, adhesives, and
industrial gases. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders %: |
This is a private company.
Despite our long search, we could not confirm its shareholders. |
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Management: |
Luis Alberto Mere Brossin, General Manager |
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Subsidiary Companies: |
The company does not report subsidiaries |
FINANCIAL
INFORMATION
|
|
|
This is a private company. It does not make its financial figures
public. This information has been
provided by outside sources and it is estimated. |
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Currency |
USD |
|
Year |
2013 |
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Gross Revenue |
5 000 000 |
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Income |
2 588 000 |
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Net Income |
530 000 |
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Total Equity |
1 234 000 |
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Cash Flow |
NORMAL |
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LEGAL
FILINGS
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File: Fark Corp. S.A. de C.V. v/ Industrias Químico Farmacéuticas
Americanas, S.A. de C.V. Oral Mercantil |
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SUMMARY
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The company was founded 20 years ago, it
currently employs 15 having a small sized structure. |
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RISK
INFORMATION
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Status |
Active |
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Payments |
Regular |
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Cash |
Normal |
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Indebtedness |
Controlled |
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CALL
|
|
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INTERVIEWEE |
Ana Guadalupe Ramirez |
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POSITION |
Purchasing Manager |
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COMMENTS |
The person contacted provided us with activity, staff, revenue. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.