|
Report No. : |
328354 |
|
Report Date : |
26.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MERCANTIL PROABASTOS SA
DE CV |
|
|
|
|
Registered Office : |
Andén Bodega No A-9, Ciudad de México, Distrito Federal 09040 |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Date of Incorporation : |
06.08.2009 |
|
|
|
|
Legal Form : |
Variable Capital
Corporation |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of seeds
and spices |
|
|
|
|
No. of Employee : |
3 |
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.
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
|
|
|
|
|
|
Legal Name: |
MERCANTIL PROABASTOS SA DE CV |
|
Trade Name: |
MERCANTIL PROABASTOS |
|
RFC: |
MPR090806E6 |
|
Date Created: |
2009 |
|
Date Incorporated: |
06-Aug-09 |
|
Legal Address: |
Andén Bodega No A-9 |
|
Ciudad de México, Distrito Federal 09040 |
|
|
México |
|
|
Operative Address: |
Andén Bodega No A-9 |
|
Ciudad de México, Distrito Federal 09040 |
|
|
México |
|
|
Telephone: |
52 55 5600 7040 |
|
Fax: |
55 5600 5154 |
|
Legal Form: |
Variable Capital Corporation |
|
Email: |
|
|
Registered in: |
Mexico |
|
Website: |
No website |
|
Contact: |
Juan José Badiola Valdovinos |
|
Staff: |
3 |
|
Activity: |
Wholesale of seeds and spices |
|
|
|
|
|
|
BANK DATA
BANAMEX The company does not disclose its banking data |
|
|
|
|
|
|
|
HISTORY
The company does started business in 2009 |
|
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
The company is dedicated to the import and wholesale of seeds and food
grains, spices and dried chiles |
|
|
Products/Services description: |
Spices and seeds |
|
Brands: |
NA |
|
Clients: |
Distributors |
|
Suppliers: |
EL TAYEB TRADING CO LTD |
|
Nigeria |
|
|
|
|
|
RATHNA PRODUCERS CINNAMON EXPORTS |
|
|
Sri Lanka |
|
|
|
|
|
AMAR INTERNATIONAL |
|
|
India |
|
|
Operations area: |
National |
|
The company imports from |
India, Nigeria, Sri Lanka |
|
The company exports to |
No exports |
|
The subject employs |
3 employees |
|
Payments: |
NA |
|
|
|
|
|
|
LOCATION
|
|
|
Headquarters : |
Andén Bodega No A-9 |
|
Ciudad de México, Distrito Federal 09040 |
|
|
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. One of major holders is Juan José Badiola Valdovinos. |
|
Management: |
Arturo Alvarez Crespo, Accountant |
|
Juan José Badiola Valdovinos, Owner |
|
|
Related Companies: |
There are no related companies |
|
|
|
FINANCIAL INFORMATION
|
|
|
The company does not make
its financial statements public. There are no financial connected to the subject |
|
|
|
|
LEGAL FILINGS
There are no legal records connected to the subject |
|
|
|
|
SUMMARY
|
|
|
The company is dedicated to the import and wholesale of spices. The company has 6 years of experience in the Mexican market with a
small sized strcuture and low commercial profile. There are no negative records for the subject. However, we suggest
considering its size and profile. |
|
|
|
|
RISK INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
INTERVIEW
|
|
|
NAME |
Juan José Badiola Valdovinos |
|
POSITION |
Owner |
|
COMMENTS |
We contacted company's owner. He confirmed company name, address. He
said he is one of the owner and cannot provide any information via telephone.
We sent him an e-mail. |
|
|
|
|
We will inform you in case we receive his response. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.71.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.