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Report No. : |
352665 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
DSM NUTRITIONAL PRODUCTS MEXICO, S.A. DE
C.V. |
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|
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Registered Office : |
Km 225 Carr Guadalajara - El Salto El
Salto, Jalisco 45680 |
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Country : |
Mexico |
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Date of Incorporation : |
2001 |
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Legal Form : |
Variable Capital Corporation |
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Line of Business : |
Subject engaged in supplies vitamins, carotenoids,
and other fine chemicals to the feed, food, pharmaceutical and personal care
industries. |
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No. of Employee : |
150 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Mexico |
A2 |
A2 |
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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 21 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 2014, two-way trade in goods and services exceeded $550 billion. Mexico has free trade agreements with 46 countries, 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 two years in office, passing and implementing sweeping education, energy, financial, fiscal and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Although the economy is expected to experience stronger growth in 2015 as a result of increased investment and stronger demand for Mexican exports, growth is predicted to remain below potential for reasons of inefficiencies, with a large portion of the economy and workforce in the informal sector, and corruption. Over the medium-term, the economy is vulnerable to global economic pressures, such as lower external demand, rising interest rates, and low oil prices - approximately 30% of government revenue comes from the state-owned oil company, PEMEX. The increasing integration of supply chains, development of the energy sector, and government-to-government focus on trade facilitation will continue to make the North American region increasingly competitive and contribute to Mexican economic development and strength.
|
Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
DSM NUTRITIONAL PRODUCTS MEXICO, S.A. DE C.V. |
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Trade Name: |
DSM |
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RFC: |
DNP010613GN4 |
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Date Created: |
2001 |
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Date Incorporated: |
2001 |
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Legal Address: |
Km 225 Carr Guadalajara - El
Salto El Salto, Jalisco 45680 |
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Operative Address: |
Km 225 Carr Guadalajara - El
Salto El Salto, Jalisco 45680 |
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Telephone: |
33 3668 6000 |
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Fax: |
33 3668 6078 |
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Legal Form: |
VARIABLE
CAPITAL CORPORATION |
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Email: |
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Registered in: |
Mexico |
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Website: |
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Contact: |
Alberto Robles Cabrera |
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Staff: |
150 |
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Activity: |
Food, Beverages &
Dietary Supplements |
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BANKS |
BANAMEX |
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The company does not make
its banking data. |
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History
|
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The company was established
in 2001 |
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PRINCIPAL ACTIVITY
|
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DSM Nutritional Products
Mexico, S.A. De C.V. offers nutritional products. |
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Products/Services
description: |
The Company supplies
vitamins, carotenoids, and other fine chemicals to the feed, food, pharmaceutical
and personal care industries. |
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Brands: |
DSM |
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Sales are: |
Wholesale |
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Clients: |
DSM NUTRITIONAL PRODUCTS
ECUADOR SA |
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Suppliers: |
Dirox SA |
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Operations area: |
DSM Nutritional Products
Mexico markets its services to corporate customers internationally. |
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The company imports from |
Europe, Uruguay |
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The company exports to |
Latin America |
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The subject employs |
150 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Km 225 Carr Guadalajara - El
Salto El Salto, Jalisco 45680 |
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Branches: |
The company does not have
branches |
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Sister Companies: |
The parent company has more than
50 locations worldwide. |
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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: |
The company is a subsidiary
of: |
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Management: |
Alberto Robles Cabrera,
General Manager |
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FINANCIAL INFORMATION
|
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This is a private
company which does not make its financials public. |
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The following
information corresponds to the parent company: |
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Koninklijke DSM N.V. |
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Income Statement |
2014 |
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Revenue |
11,283.486 |
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Gross Profit |
2,574.429 |
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Operating Income |
352495 |
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Net Income |
176248 |
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Diluted EPS |
0.95 |
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Net Operating Cash |
982124 |
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Capital Expenditure |
-6600165 |
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Cash |
8131695 |
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Net Receivables |
2,150.2195 |
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Total Current Assets |
5,186.5386 |
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Total Assets |
14,739.1533 |
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Total Liabilities |
7,782.8467 |
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Total Equity |
6,956.3066 |
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LEGAL FILINGS
|
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There are no legal connected
to the subject |
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SUMMARY
|
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DSM Nutritional Products
Mexico, S.A. De C.V. offers nutritional products.
There are negative in
connection with the subject. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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|
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INTERVIEW |
|
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NAME |
Juan |
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POSITION |
Administrative |
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COMMENTS |
The person contacted
confirmed address, group, manager, RFC and staff. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
|
MXN |
1 |
Rs.3.94 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMT |
|
|
|
|
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.