MIRA INFORM REPORT

Report Date :

11.09.2014

IDENTIFICATION DETAILS

Name :	BIONOMICS FIBERS DE MEXICO S. DE R.L. DE C.V.

Registered Office :	Pintores 145, Impulso Parque Industrial, San Luis Potosí 78365, San Luis Potosí / San Luis Potosí

Country :	Mexico

Date of Incorporation :	30.03.2010

Legal Form :	Limited Liability Partnership of Variable Capital

Line of Business :	Processing company of Agave lechuguilla for industry of brushes and paintbrushes. Processing of fiber, in its variations, natural and dyed in any color , as well as mixtures, naturally dyed Tampico fiber - Palmyra fiber.

No. of Employees :	35

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	Not Available (in absence of financial credit limited cannot be provided)
Status :	Moderate
Payment Behaviour :	Unknown
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 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Mexico

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
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

Source : CIA

IDENTIFICATION

CORRECT COMPANY NAME

BIONOMICS FIBERS DE MEXICO S. DE R.L. DE C.V.

TRADE NAME

BIONOMICS

TAXPAYER REGISTRATION

RFC BMF100330DWA

MAIN ADDRESS

Pintores 145, Impulso Parque Industrial, San Luis Potosí,

POSTAL CODE

78365

DEPT/PROV/REGION/STATE

San Luis Potosí / San Luis Potosí

COUNTRY

MEXICO

TELEPHONE

(52444) 8242190

CORPORATE E-MAIL

marketing@bionomics.com.mx

WEB

www.bionomics.com.mx

EXECUTIVE SUMMARY
Date of foundation	2010
permanent employees	35
Chief Executive	RAMÍREZ DE ARELLANO, CARLOS
Disposition	UNDETERMINED
Credit ()**	UNDETERMINED RISK.(Insufficient or Non existent information).

Number of times that this company was required: 1

REPUTATION

NOTHING AGAINST COMPANY

CREDIT OPINION
Requested credit	MAXIMUM?
(*) Opinion after analyzing different factors and other opinions.

LEGAL STRUCTURE


LEGAL STATUS	Limited Liability Partnership of Variable Capital
DATE OF INCORPORATION	30MAR2010	STARTING DATE	2010
NOTARY OFFICE		DURATION	99 years
CURRENT EXCHANGE RATE (US$)	Ps$.13.07 per USADollar
COMMENTS
The company is governed by the General Law of Commercial Companies, Commercial Code and by the Federal Civil Code. No shareholder structure or capital stock obtained LEGAL REPRESENTATIVE: Carlos Ramírez de Arellano

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
*RAMÍREZ DE ARELLANO, CARLOS*	Director General
GÓMEZ ALVARADO, BRENDA	General Manager
HERNÁNDEZ, ALBERTO	Procurement

WHO IS WHO?


RAMÍREZ DE ARELLANO, CARLOS
TITLE	Director General
NATIONALITY	Mexican


GÓMEZ ALVARADO, BRENDA
TITLE	General Manager
NATIONALITY	Mexican

BUSINESS

SIC Classification
P - MATERIALES PARA LA CONSTRUCCION- FERRETERIA (Materiales para la construccion, cemento, yeso, arena, fierro de construccion, ferreteria, tuberia, ladrillos, pinturas, etc)

Main activity

Processing company of Agave lechuguilla for industry of brushes and paintbrushes.

Processing of fiber, in its variations, natural and dyed in any color , as well as mixtures, naturally dyed Tampico fiber - Palmyra fiber.

O P E R A T I O N S

Import

Yes

Country

YES.

Export

Yes

COUNTRY

Western Europe and North America.

% Ventas exterior (Paises)

YES

% DOMESTIC PURCHASES

YES

% FOREIGN PURCHASES

YES

SELLING TerritorY

Domestic and Foreign Market

EMPLOYEES

LOCATION
PREMISES	Undisclosed
AREA	1,600 m2
OTHER PREMISES	Administrative office, warehouse and retail outlet are located at the above noted address.

Comments

Brand sold: TAMPICO FIBER

FINANCIAL INFORMATION


Disposition	Declined. No reason was given. Very reserved.
Interviewee(s)	Ms. Brenda Gómez Alvarado
Position(s)	General Manager
Information provided	Ms. Brenda Gómez Alvarado, General Manager, has not provided information despite our insistence. Although she has not declined flatly information; she has refused to take our calls and did not respond to our emails, so we do not have the elements that would help us to recommend some credit transaction. We suggest to only operate at cash.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	UNDETERMINED The financial situation of the company is considered Undetermined, due to not having financial elements that allow a financial analysis of its results in its last financial year.
Main fixed assets of the company (general detail)
No insurance company or broker was reported.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)
TRADE REFERENCES
CREDIT BUREAU COMMENTS No adverse information was found against this Company in the sources consulted.

GENERAL INFORMATION


Explanation about commercial reputation

CREDIT OPINION


Consulted Credit Amount :	MAXIMUM?
NOTE : The opinion given is confidential, referential and with out liability.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.82
UK Pound	1	Rs.98.14
Euro	1	Rs.78.65

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	PDT

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.