MIRA INFORM REPORT

 

 

Report No. :

343454

Report Date :

06.10.2015

 

IDENTIFICATION DETAILS

 

Name :

EL FRESNO CHILES SECOS, S.A. DE C.V.

 

 

Registered Office :

Car Salida A Durango Km 25 S/N, Fresnillo, Zacatecas 99039

 

 

Country :

Mexico

 

 

Date of Incorporation :

2002

 

 

Legal Form :

Sociedad Anónima De Capital Variable

 

 

Line of Business :

The company is engaged in the sale of dried chiles and seeds.

 

 

No. of Employees :

15

 

 

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 :

--

 

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:

EL FRESNO CHILES SECOS, S.A. DE C.V.

Trade Name:

El Fresno Chiles Secos

RFC:

FCS021107T53

Date Created:

2002

Date Incorporated:

2002

Legal Address:

Car Salida A Durango Km 25 S/N
Fresnillo, Zacatecas 99039
México

Operative Address:

Car Salida A Durango Km 25 S/N
Fresnillo, Zacatecas 99039
México

Telephone:

52 493 932 6262

Fax:

52 493 933 2656

Legal Form:

Sociedad Anónima de Capital Variable

Email:

info@elfresnochilessecos.com.mx

Registered in:

Mexico

Website:

www.elfresnochilessecos.com.mx

Contact:

Javier Guardado Méndez, Director

Staff:

15

Activity:

Grocery Stores & Supermarkets Industry

 

 

BANKS

BANAMEX

 

 

 

The company does not disclose its banking information

History:

 

 

The company was established in 2002. However, its experience dates back to the 50's.

 

The following information is just for knowledgement of the Mexican news related to the company and has not been confirmed:

 

Fri 6 May 2013

 

A truck driver and a loader were hired by businessman Arturo Guardado Méndez to kill Politicians Monreal

 

For the crime, the agricultural employer would have agreed to an initial payment of 3 000 500 pesos, plus 2000-5000 pesos a week from 10 December and a final installment of 8000 pesos the day materialize crime.

 

A pair of inexperienced tried to kill the brothers David and Ricardo Monreal.

The man did not know how to use guns and did not physically recognize Ricardo Monreal. Both accussed men denied belonging to "Los Zetas" and denied they were hired by Arturo Mendez Guardado, owner of the company El Fresno Chiles Secos, with two locations in the Central de Abastos in Mexico City.

 

 

PRINCIPAL ACTIVITY

 

 

The company is engaged in the sale of dried chiles and seeds.

Products/Services description:

Dried chiles, Nail, dried shrimp, pepper

Brands:

El Fresno Chiles Secos

Sales are:

Wholesale

Clients:

Supermarkets, Distributors

Suppliers:

3 S GOLDEN GREEN NIGERIA LTD.
Nigeria

ELTEE OVERSEAS
India

M S.SRI VARU IMPEX LOGISTICS
India

RAJ EXIM
India

M/S.C.M.S. BALAN & CO
India

SUB SHARAN SALES
Africa

M/S.SAMI SPICES & HERBS PRIVATE
India

Operations area:

National

The company imports from

India, Africa, Nigeria

The company exports to

No exports

The subject employs

15 empleados

Payments:

Unknown

 

 

LOCATION

 

Headquarters :

Car Salida A Durango Km 25 S/N
Fresnillo, Zacatecas 99039
México

Branches:

The company does not have branches

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Shareholders:

This is a private company. Major holder is:

 

Arturo Guardado Méndez 

Management:

Javier Guardado Méndez, Director
Verónica Hernández, Controller

 

 

FINANCIAL INFORMATION

 

 

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

 

 

 

There are no financial for the subject. 

LEGAL FILINGS

 

 

There are no legal for the subject

 

 

SUMMARY

 

 

The company is engaged in the sale of dried chiles and seeds.

 

It has 13 years of experience in the market with a small sized structure.

 

The company is well established in the market.

 

There are negative records connected to the owner of the company. However; said information has not been confirmed.

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

Unknown

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

NA 

POSITION

Administrative  

COMMENTS

The person contacted confirmed address, activity. He refused to confirm further data for the subject. 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.29

UK Pound

1

Rs.99.31

Euro

1

Rs.73.39

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

               

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.