MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

503241

Report Date :

14.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PLANT LIPIDS LATINOAMERICA S.A. DE C.V.

 

 

Registered Office :

Av. Lomas Verdes 2560 Planta Baja Naucalpan de Juárez, Lomas Verdes 1a Sección 53120

 

 

Country :

Mexico

 

 

Year of Establishment :

2015

 

 

Legal Form :

Sociedad Anónima de Capital Variable

 

 

Line of Business :

Subject is an Essential Oil, Oleoresins, Natural Food Colours, Specialty Exctracts, Spray Dried Products, Spices and Supersol manufacturer.

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

 

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Mexico

A2

A2

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

 

STATUTORY INFORMATION

 

Legal Name:

PLANT LIPIDS LATINOAMERICA S.A. DE C.V.

Trade Name:

Plant Lipids

RFC:

PLL1505147D5

Date Created:

2015

Date Incorporated:

2015

Legal Address:

AV. LOMAS VERDES 2560 PLANTA BAJA

Naucalpan de Juárez

Lomas Verdes 1a Sección

Mexico 53120

Operative Address:

AV. LOMAS VERDES 2560 PLANTA BAJA

Naucalpan de Juárez

Lomas Verdes 1a Sección

Mexico 53120

Telephone:

NA

Fax:

NA

Legal Form:

Sociedad Anónima de Capital Variable

Email:

info@plantlipids.com

Registered in:

MEXICO

Website:

www.plantlipids.com

Contact:

Alejandro Ballesteros, Managing Director

Staff:

5

Activity:

SIC code 10890 - Manufacture of other food products

 

 

BANKS

 

BANAMEX

The company does not make its banking data public

 

 

HISTORY

Plant Lipids Latinoamerica SA DE CV was founded and incorporated in 2015. Plant Lipids Latinoamerica SA DE CV operates as part of: Plant Lipids Ltd. (India).

 

 

PRINCIPAL ACTIVITY

Plant Lipids Latinoamerica SA DE CV is an essential oil, oleoresins, Natural Food Colours, Specialty Exctracts, Spray Dried Products, Spices and Supersol manufacturer.

 

Products/Services description:

Essential Oils

Oleoresins

Natural Food Colours

Speciality Extracts

Spray Dried Products

Spices

Supersol

Brands:

No brands registered

Sales are:

Wholesale

Clients:

Ecu Worldwide Mexico Sa De Cv

Mexico

Suppliers:

Plant Lipids (P) Ltd.

Operations area:

National and International

The company imports from

India, Sri Lanka, Brazil

The company exports to

No export

The subject employs

5 employees

Payments:

Slow but correct

 

 

 

LOCATION

Headquarters :

AV. LOMAS VERDES 2560 PLANTA BAJA

Naucalpan de Juárez

Lomas Verdes 1a Sección

Mexico 53120

Comments:

NA

Branches:

No branches

Main Competitors

NA

Related Companies:

Plant Lipids UK Ltd.
Address:
Unit 2 Alpha Court, Phoenix Parkway Corby,

Northamptonshire
NN17 5DP, United Kingdom

 

Bangalore:
Tropical Flavours (P) Ltd,

Menasi cross, Kodigehalli Post,

Doddaballapur -561203 Bangalore

Hyderabad:
Tropical Flavours (P) Ltd, Kandukur Post, Sri Sailam Road Ranga Reddy-501 359 Hyderabad.

Sri lanka:
Plant Lipids (Lanka) Ltd, Mirigama, Sri lanka - 11 200

 

Plant Lipids Bremen,

Germany

 

Plant Lipids (Thailand) Co.Ltd,

Bangkok 10500

 

Plant Lipids Ltd. (India).

Plant Lipids (P)

Limited Kolenchery, Cochin

 - 682 311, Kerala, India.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

Plant Lipids Latinoamerica SA DE CV operates as a subsidiary of:

 

Management:

Alejandro Ballesteros, Managing Director

Josué Mauricio Martínez Ramírez, Manager

 

 

 

FINANCIAL INFORMATION

 The company does not make its financial statements public. There are no financial figures available for this company.

 

Foreign trade in the last 5 years:

Imports:
Records: 73
US DOLLARS $: 5,129,447
Exports:
Records:2. 3
US DOLLARS $: 266,575

 

 

LEGAL FILINGS

 

Lawsuits:

No records

 

 

OFAC

Sanctions List Search:

 

The company is not listed in the OFAC list.

 

 

 

SUMMARY

Plant Lipids Latinoamerica SA DE CV was founded and incorporated in 2015. Plant Lipids Latinoamerica SA DE CV operates as a subsidiary of: Plant Lipids Ltd. (India).

 

Plant Lipids Latinoamerica SA DE CV is an essential oil, oleoresins, Natural Food Colours, Specialty Exctracts, Spray Dried Products, Spices and Supersol manufacturer.

It mainly imports from India, Sri Lanka and Brazil and does not show any export records.

 

It is ACTIVE in MEXICO; with no negative records.

 

 

 RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

ACTIVE

 

 

 

INTERVIEW

NAME

NA

POSITION

NA

COMMENTS

We could not find a phone number associated to this company.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

MXN

1

INR 3.61

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

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.