MIRA INFORM REPORT

 

 

Report No. :

498412

Report Date :

20.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MEJIA ORANIZACION REFACCIONARIA S.A. DE C.V.

 

 

Registered Office :

Calle Gante 318, 44460 Guadalajara, Jal

 

 

Country :

Mexico

 

 

Financials (as on) :

2016 [Summarized]

 

 

Date of Incorporation :

1955

 

 

Legal Form :

Sociedad Anónima De Capital Variable

 

 

Line of Business :

Subject represents and distributes products from export houses and factories leader worldwide on the agricultural and the automotive aftermarket industry of spare parts.

 

 

No. of Employees :

10

 

 

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:

MEJIA ORANIZACION REFACCIONARIA S.A. DE C.V.

Trade Name:

MEJOR

ID:

MOR7304035G4

Date Created:

1955

Date Incorporated:

1973

Legal Address:

Calle Gante 318, 44460 Guadalajara, Jal., México

Operative Address:

Calle Gante 318, 44460 Guadalajara, Jal., México

Telephone:

(33) 3650 0238

Fax:

(33) 3650 0327

Legal Form:

Sociedad Anónima De Capital Variable

Email:

info@mejor.com.mx

Registered in:

Mexico

Website:

www.mejor.com.mx

Contact:

Humberto Mejía, President

Staff:

10

Activity:

NAICS 1: Motor Vehicle Supplies and New Parts Merchant Wholesalers

SIC 1: Automotive Supplies And Parts

 

BANKS

BANAMEX

 

 

 

The company does not make its banking data public

 

 

HISTORY

 

 

The enterprise was established in 1955 as representative of foreign factories, with the name of "Central Refaccionaria de Occidente, S.A.", however with the necessity and suggestion of our customers, we had to establish a warehouse for the distribution and service of our customers in 1973 under our current name
"Mejía Organización Refaccionaria S.A. de C.V."

 

 

PRINCIPAL ACTIVITY

Mejía Organización Refáccionaria, S.A. de C.V., represents and distributes products from export houses and factories leader worldwide on the agricultural and the automotive aftermarket industry of spare parts.

Products/Services description:

Tractor parts and parts for automotive vehicles:

ACCESSORIES

ADDRESS

CLUTCH

DIFFERENTIAL

AXIS

ELECTRIC

COOLED

BRAKES

HYDRAULIC

IMPLEMENTS

INJECTION

MOTORS

SUSPENSIONS

POWER TAKE-OFF

TRANSMISSION

Brands:

Massey Ferguson, Ford - New Holland and John Deere, such as engine parts, transmission, axle, electronic systems, hydraulic, direction, break system, accessories, etc.  Also spare parts for diesel engines like Perkins, Lister - Petter, Mercedes Benz, Cummins and IH.

Sales are:

Retail

Clients:

General Clientele, Parts Stores

Suppliers:

AHS ANADOLU OTOMOTIV MAK.SAN.VE.
Belgium

AKSA GLOBAL DIS TICARET LTD
Turkey

SAN OOMOTIV DIS TICARET VE SAN LTD
Turkey

ERKA OTO RADYATOR VE MAKINA SAN.TIC
Turkey

OZGUR TRAKTOR YEDEK PARCA SAN. VE T
Turkey

GENMOT GENEL MOTOR STANDAR GRANK
Turkey

Operations area:

National

The company imports from

Belgium and Turkey

The subject employs

10 employees

Payments:

Slow but correct

 

 

LOCATION

 

 

Headquarters :

Calle Gante 318, 44460 Guadalajara, Jal., 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. Major holder is Humberto Mejía

Management:

Humberto Mejía, President
Manuel Gil Rojas, Administrative

Related Companies:

No subsidiary companies

 

 

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financial statements public.  The following data has been provided by outside sources.

 

 

2016 USD

 

Sales

1 000 000

Cash Flow

Normal

 

 

LEGAL FILINGS

 

 

 

 

There are no legal records connected to the subject

 

 

SUMMARY

 

 

MEJOR is a private company in the business of new motor vehicles founded in 1973. With 10 employee’s parts, the company is bigger than average companies new motor vehicle parts.

 

The company is well established in the market and Works with well-known brands.

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal 

STATUS

Active  

 

 

INTERVIEW

 

NAME

Salvador

POSITION

Assistant

COMMENTS

He confirmed RFC, incorporation date, manager, activity and brands. 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.04

UK Pound

1

INR 90.55

Euro

1

INR 79.77

MXN

1

INR 3.48

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

TPT

 

 

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.