MIRA INFORM REPORT

 

 

Report No. :

351710

Report Date :

01.12.2015

 

IDENTIFICATION DETAILS

 

Name :

BASICOS FEED GRADE SA DE CV

 

 

Registered Office :

Filipinas No 110-Bis, Ciudad de México, Distrito Federal 03300

 

 

Country :

Mexico

 

 

Year of Establishment :

1993

 

 

Legal Form :

Sociedad Anónima De Capital Variable

 

 

Line of Business :

The company is engaged in the marketing of active pharmaceutical ingredients for veterinary use and animal nutrition.

 

 

No. of Employee :

70

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 


 

STATUTORY INFORMATION

 

Legal Name:

BASICOS FEED GRADE SA DE CV

Trade Name:

BASICOS FEED GRADE

RFC:

BFG930901Q81

Date Created:

1993

Date Incorporated:

Sep-93

Legal Address:

Filipinas No 110-Bis

Ciudad de México, Distrito Federal 03300

México

Operative Address:

Filipinas No 110-Bis

Ciudad de México, Distrito Federal 03300

México

Telephone:

55 2595 1440

Fax:

55 5539 0106

Legal Form:

SOCIEDAD ANÓNIMA DE CAPITAL VARIABLE

Email:

ventas@basicosfeedgrade.com

Registered in:

Mexico

Website:

www.basicosfeedgrade.mx

Contact:

Filogonio Fuentes Ramírez, Principal

Staff:

70

Activity:

Pharmaceutical Industry

 

 

BANKS

 

BBVA BANCOMER SA

 

 

 The company does not make its banking data public

 

 

History

 

 

The company was established in 1993

 

 

PRINCIPAL ACTIVITY

 The company is engaged in the marketing of active pharmaceutical ingredients for veterinary use and animal nutrition.

Products/Services description:

Antibiotics

Antiprotozooarios

Analgesics

Antimicrobial

Sulfonamides

Coccidiostats

Vitamins

Tetracyclines

Antiparasitic

Fluoroquinolones

Cephalosporins

Hormonal

Polymyxins

Macrolides

Expectorants

Growth promoters

Corticosteroids

Prostaglandins

Brands:

Básicos Feed Grade

Sales are:

Wholesale

Clients:

LAPISA S.A. DE C.V.

Mexico

 

VICENTE SCAVONE & CIA. COMERCIAL E INDUSTRIAL SA

Bolivia

 

BIESTERFELD INTERNATIONAL GMBH

Germany

Suppliers:

Wins Trades Co., Ltd.

Hong Kong

 

AARTI DRUGS LTD.

India

 

LABORATORIOS MICROSULES URUGUAY S.A

Uruguay

 

Swati Spentose Pvt. Ltd.

India

 

Laboratorios Expofarma S.A.

Colombia

Operations area:

National and International

The company imports from

Asia, Latin America

The company exports to

Latin America

The subject employs

70 employees

Payments:

Unknown

 

 

 

 

LOCATION

 

Headquarters :

Filipinas No 110-Bis

Ciudad de México, Distrito Federal 03300

México

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:

The company is a subsidiary of:

 

Moléculas Finas de México S.A. de C.V.

Necaxa no. 125 Col. Portales,

C.P. 03300. México, D.F.

Management:

José Antonio Vargas, Controller

Ma. Guadalupe Esparza Saucedo, Director

Filogonio Fuentes Ramírez, Principal

Jose Luis Hernández Duran, Accountant

Cynthia Barajas Cejas, Accountant

 

 

 

 

FINANCIAL INFORMATION

 

 

 

This is a private company which does not make its financials public.

 

 

 There are no financial connected to the subject.

 

LEGAL FILINGS

 

 

 

 There are no legal issues regaridng the subject

 

 

SUMMARY

 

 

The company imports and sells raw materials (pure antimicrobial salts, deworming, growth promoters, vitamins, non-steroidal hormones and nutritional additives) for veterinary pharmaceutical industry as well as for agricultural and animal nutrition.

 

It has 18 years of experience in the market with a médium sized structure.

 

The company is active, without negative.

 

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Unknown

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Jesus

POSITION

Administrative

COMMENTS

He confirmed address, staff, manager and activity.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.81

UK Pound

1

Rs.100.37

Euro

1

Rs.70.68

MXN

1

Rs. 4.01

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 


 

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.