MIRA INFORM REPORT

Report No. :	352193
Report Date :	03.12.2015

IDENTIFICATION DETAILS

Name :	ALIFARMA SA DE CV
Registered Office :	Cda. de Colima No. 4 Col. Roma 06700 México, D.F.
Country :	Mexico
Date of Incorporation :	2006
Legal Form :	Variable Capital Corporation
Line of Business :	Subject is engaged in distribution, import and export of raw materials and chemicals for various industries, mainly the food and pharmaceutical industries.
No. of Employee :	23

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 :	Small Company
Payment Behaviour :	No complaints
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:	ALIFARMA SA DE CV
Trade Name:	ALIFARMA
RFC:	AVCR391943
Date Created:	2006
Date Incorporated:	2006
Legal Address:	Cda. de Colima No. 4 Col. Roma 06700 México, D.F. México
Operative Address:	Cda. de Colima No. 4 Col. Roma 06700 México, D.F. México
Telephone:	55 52 07 72 75
Fax:	55 29 78 81 00
Legal Form:	VARIABLE CAPITAL CORPORATION
Email:	alifarma@alifarma.com.mx
Registered in:	Mexico
Website:	www.alifarma.com.mx
Contact:	Juan Antonio Aliseda, General Manager
Staff:	23
Activity:	Chemical Wholesale Industry
BANKS	BANAMEX
	The company does not make its banking data public
History
	The company was estbalished in 2006.
PRINCIPAL ACTIVITY
	Company dedicated to the distribution, import and export of raw materials and chemicals for various industries, mainly the food and pharmaceutical industries.
Products/Services description:	Chemical Products, Drugs, Proprietaries, and Sundries
Brands:	ALIFARMA
Sales are:	Wholesale
Clients:	Corporacion Quirsa, S.A. Guatemala ALCOPLAST LTDA Colombia
Suppliers:	Zhejiang Kuge Toy Co., Ltd. China
Operations area:	National and International
The company imports from	China
The company exports to	Colombia, Guatemala
The subject employs	23 employees
Payments:	No complaints
LOCATION
Headquarters :	Cda. de Colima No. 4 Col. Roma 06700 México, D.F. México
Branches:	The company does not have branches
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. Its major holder would be Juan Antonio Aliseda.
Management:	Juan Antonio Aliseda, General Manager
FINANCIAL INFORMATION
	This is a private company which does not make its financials public..
USD 2014
Revenue	2 000 000
Cash Flow	Normal
LEGAL FILINGS
	There are no legal connected to the subject
SUMMARY
	Company dedicated to the distribution, import and export of raw materials and chemicals . It has 9 years of experience in the Mexican market with a small sized structure. It mainly imports from Asia and attends various different industries. The company is well established, following international certification standards without negative.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Cynthia
POSITION	Adminsitration
COMMENTS	The person contacted confirmed address, manager, activity and RFC.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.62
UK Pound	1	Rs.100.34
Euro	1	Rs.70.67
MXN	1	Rs.4.03

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

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TRU

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%)

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