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MIRA INFORM REPORT
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Report No. : |
503210 |
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Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DSM NUTRITIONAL PRODUCTS MEXICO S.A. DE C.V. |
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Registered Office : |
Km 22.5 Highway Guadalajara, El Salto 45680 El Salto, Jalisco |
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Country : |
Mexico |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sociedad Anonima De Capital Variable |
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Line of Business : |
The company supplies vitamins, carotenoids, and other fine chemicals
to the feed, food, pharmaceutical and personal care industries. |
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No. of Employees : |
350 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
MEXICO - ECONOMIC OVERVIEW
Mexico's $2.4 trillion economy – 11th largest in the world - has become increasingly
oriented toward manufacturing since the North American Free Trade Agreement
(NAFTA) entered into force in 1994. Per capita income is roughly one-third that
of the US; income distribution remains highly unequal.
Mexico has become the US' second-largest export market and third-largest
source of imports. In 2016, two-way trade in goods and services exceeded $579
billion. Mexico has free trade agreements with 46 countries, putting more than
90% of its trade under free trade agreements. In 2012, Mexico formed the
Pacific Alliance with Peru, Colombia, and Chile.
Mexico's current government, led by President Enrique PENA NIETO, has
emphasized economic reforms, passing and implementing sweeping energy,
financial, fiscal, and telecommunications reform legislation, among others,
with the long-term aim to improve competitiveness and economic growth across
the Mexican economy. Since 2015, Mexico has held public auctions of oil and gas
exploration and development rights and for long-term electric power generation
contracts. Mexico has also issued permits for private sector import,
distribution, and retail sales of refined petroleum products in an effort to
attract private investment into the energy sector and boost production.
Since 2013, Mexico’s economic growth has averaged 2% annually, falling
short of private-sector expectations that President PENA NIETO’s sweeping
reforms would bolster economic prospects. Growth is predicted to remain below
potential given falling oil production, weak oil prices, structural issues such
as low productivity, high inequality, a large informal sector employing over
half of the workforce, weak rule of law, and corruption. In 2018, Mexico’s
economy will be vulnerable to uncertainty surrounding the future of
NAFTA—because the US is its top trading partner and the two countries share
integrated supply chains—and to potential shifts in domestic policies following
the inauguration of a new a president in December 2018.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
DSM NUTRITIONAL PRODUCTS MEXICO S.A. DE C.V. |
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Trade Names: |
DSM NUTRITIONAL PRODUCTS MEXICO SA DE CV |
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ID: |
DNP010613GN4 |
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Date Created: |
2001 |
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Date Incorporated: |
2001 |
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Legal Address: |
Km 22.5 Highway Guadalajara, El Salto 45680 El Salto, Jalisco, Mexico |
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Operative Address: |
Km 22.5 Highway Guadalajara, El Salto 45680 El Salto, Jalisco, Mexico |
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Telephone: |
52-33-3668-6000 |
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Fax: |
52-33-3668-6074 |
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Legal Form: |
Sociedad Anonima De Capital Variable |
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Email: |
info.food@dsm.com |
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Registered in: |
MEXICO |
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Website: |
www.dsm.com |
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Contact: |
Daniel Estévez Venegas - Controller |
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Staff: |
350 |
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Activity: |
NAICS 42421 - Drugs and Druggists' Sundries Merchant Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 2001. |
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Parent Company: |
The company operates as a subsidiary of: Koninklijke DSM N.V. Het Overloon 1 Heerlen, 6411 TE Netherlands |
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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 Nutritional Products |
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Sales are: |
Wholesale |
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Clients: |
Quala Dominicana Sa Scavone Hermanos SA Dsm Produtos Nutricionais Brasil |
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Suppliers: |
Dsm Food Specialties Bv Melspring International B.V. DSM Nutritional Products Ltd. Dsm Nutritional Products Argentina S.A. Dirox S.A. Dsm Nutritional Products Guatemala S.A. Dsm Nutritional Products Colombia S.A. |
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Operations area: |
National and International |
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The company imports from |
NETHERLANDS UNITED KINGDOM ARGENTINA URUGUAY GUATEMALA COLOMBIA |
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The company exports to |
DOMINICAN REPUBLIC PARAGUAY BRAZIL |
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The subject employs |
350 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
KM 22.5 HIGHWAY GUADALAJARA, EL SALTO 45680 EL SALTO, JALISCO, MEXICO |
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Comments on Address: |
- |
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Branches: |
DSM Nutritional Products México, S.A. De C.V. Paseo de la Reforma No. 2620, piso 7 Edificio Reforma Plus, Lomas Altas, Miguel
Hidalgo CIUDAD DE MEXICO, CIUDAD DE MEXICO, 11950 Mexico |
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Related Companies: |
The company has several sister companies. Some of them are: Windsor House, 41 4th Floor, CST Road, Kalina, Santacruz East Mumbai, Maharashtra, 400098 India DSM NUTRITIONAL PRODUCTS SRB D.O.O. KRALJEVACKA, ISTOCNA RADNA ZONA BLOK IX/ 3 RUMA, 22400
Serbia DSM Nutritional Products Hungary Gyártó És Kereskedelmi
Korlátolt Felelősségű Társaság Japán fasor 4. Újhartyán, Pest megye, 2367
Hungary DSM NUTRITIONAL PRODUCTS VIET NAM COMPANY LIMITED No.9, Street 14, Vietnam-Singapore II-A Industrial Zone, Tan Uyen Township, Binh Duong Vietnam |
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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 does not disclose information on shareholders. The
following information has been provided by private sources and could not be
confirmed: The company operates as a subsidiary of: Koninklijke DSM N.V. Het Overloon 1 Heerlen, 6411 TE Netherlands |
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Management: |
Daniel Estévez Venegas - Controller Fidel Hernández Carrasco - Director Ana María Mendoza Escobosa - Chief Credit and
Collection Pablo Alejandro Zubikarai Porras – Legal
Representation |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. The following information has been provided by private sources: |
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USD 2016 |
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Sales |
234.150.000 |
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Cash flow |
Normal |
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ANNUAL IMPORTS CIF USD |
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2017 |
44.451.740 |
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2016 |
80.792.351 |
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2015 |
66.403.693 |
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ANNUAL EXPORTS FOB USD |
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2017 |
1.127.671 |
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2016 |
2.376.488 |
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2015 |
3.455.886 |
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LEGAL
FILINGS
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CASES |
No found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 2001, DSM Nutritional Products Mexico Sa de Cv is an
organization in the Drugs and Druggists' Sundries Merchant Wholesalers
Industry. The company has 350 regular employees and generates an estimated
$234.1 million USD in annual revenue. The company operates nationally and internationally, mainly exporting
to Dominican Republic, Paraguay and Brazil. It is ACTIVE in business with no
negative records. |
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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 |
Daniel Estévez Venegas |
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POSITION |
Controller |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters and
location, the date of creation of the company and the number of employees. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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1 |
INR 92.52 |
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Euro |
1 |
INR 80.59 |
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MXN |
1 |
INR 3.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.