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Report No. : |
323217 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
BARMEX S.A DE C.V. |
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Registered Office : |
Cda. De Cedro # 509, Col. Atlampa, C.P. 06450, México. D.F. |
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Country : |
Mexico |
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Date of Incorporation : |
1977 |
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Legal Form : |
Sociedad Anónima De Capital Variable |
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Line of Business : |
Import and Distribution of Industrial Parts |
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No. of Employees : |
210 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 2013, two-way merchandise trade reached nearly $507 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 education, energy, financial, fiscal and telecommunications reform
legislation, among others, with the 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 will continue to remain modest and
below expectations. Over the medium-term, the economy is vulnerable to global
economic pressures, such as rising interest rates and low oil prices—which
account for about 30 percent of government revenue.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
BARMEX S.A DE C.V. |
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Trade Name: |
BARMEX |
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RFC: |
BAR810309N12 |
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Date Created: |
1977 |
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Date Incorporated: |
1977 |
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Legal Address: |
Cda. de Cedro # 509, Col. Atlampa |
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Operative Address: |
Cda. de Cedro # 509, Col. Atlampa |
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Telephone: |
(52-55) 53 28 26 00 |
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Fax: |
(52-55) 53 28 26 60 |
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Legal Form: |
Sociedad Anónima De Capital Variable |
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Email: |
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Registered in: |
Mexico |
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Website: |
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Contact: |
Jorge García Moreno Solana |
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Staff: |
210 |
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Activity: |
Industrial Supply Wholesalers Industry |
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BANK DATA |
BANAMEX |
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The company does not make its banking data public. |
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HISTORY |
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Barmex born in 1977 as a wholesale company dedicated to import. |
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PRINCIPAL
ACTIVITY
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100% Mexican company dedicated to the import and distribution of
industrial parts from Europe, Asia and USA. |
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Products/Services description: |
Bushings |
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Brands: |
THOMPSON |
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Sales are: |
Wholesale |
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Clients: |
Tanus Argentina |
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Suppliers: |
SHANGHAI ZHONGCAN BEARING & |
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Operations area: |
National and International |
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The company imports from |
Europe, Asia and USA. |
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The company exports to |
Latin America |
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The subject employs |
210 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Cda. de Cedro # 509, Col. Atlampa |
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Branches: |
Monterrey, N.L. |
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Industry: |
Companies in this industry distribute supplies for machinery and
equipment used in the manufacturing, oil and gas, and warehousing industries. Demand is closely tied to the level of manufacturing production.
Because many operating costs are fixed, profitability depends on operational
efficiency, particularly inventory management. Smaller companies can compete
effectively by providing specialized supplies or superior service (delivery
service and product expertise). Large distributors with a network of warehouses
and outlets can maintain a lower inventory/sales ratio. |
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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 %: |
Jorge GarcíA Moreno Solana is the
company’s major holder. |
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Management: |
Jorge GarcíA Moreno Solana, Administrator |
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Related Companies: |
No subsidiary companies |
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FINANCIAL
INFORMATION
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This is a private company which does not make its financial figures public.
The following information has been provided by our private sources. |
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2013 |
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Revenue |
29 546 000 |
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Net Income |
10 856 000 |
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Cash Flow |
9 687 900 |
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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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BARMEX is a Mexican company dedicated to the import and
distribution of industrial parts. The company has more than 40 years in the market with a large sized
structure. It mainly imports from China and has 2 additional branches. There are no negative connected to 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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INTERVIEW |
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NAME |
NA |
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POSITION |
Administrative |
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COMMENTS |
The person contacted confirmed address, branches, managers, owner and
staff. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
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|
1 |
Rs.99.67 |
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Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.