• Delivery Date: Jan 02, 2020
    Update Date: Dec 26, 2019
  • Subscriber No: 825150011
    Ticket Key: 202001025008250383
    Reference: SME

Silletas y Espaciadores de México, S.A. de C.V.

ACTIVE

Location:Calle 2 No. 274, Col. Agrícola Pantitlán, México, C.P. 08100, Ciudad de Mexico, Mexico
Telephone:+(52) 55 15455009
D-U-N-S Number:81-672-0874
  • 81-672-0874
  • SIMEX
  • SEM060606G48
  • Y565379010-4
  • +(52) 55 15455009
  • mayra.herrejon@silletas.com
  • www.silletas.com

Summary

  • Stock Company with Variable Capital
  • 2006
  • Manufacturing and wholesaler of plastic products
  • 30890000
  • Yes
  • Yes
  • 22 (Here)
    36 (Total)
  • Beatriz del Pilar Restrepo Vergara
    Administrator Sole
Address
Calle 2 No. 274 Col. Agricola Pantitlan Mexico C.P. 08100

Currency

All monetary amounts quoted in this report are shown in Mexican Pesos (MXN) unless otherwise stated

Risk Assessment

EMMA Score

  • 2

Low Risk (1)

High Risk (10)


D&B Rating

2A

Based on net worth

3

Fair (slightly greater than average risk)

Former Rating

2A

Based on net worth

3

Fair (slightly greater than average risk)


The Dun & Bradstreet Rating of 2A3 indicates:

  • Financial Strength of $MXN 7,672,000 - 15,344,999 based on net worth
  • A Risk Indicator which is Fair (slightly greater than average risk)

D&B Maximum Credit Recommendation

1,480,000


EMMA Score

  • 2

Low Risk (1)

High Risk (10)

EMMA Score Analysis

Subject's EMMA score is mainly impacted by the following risk drivers:

  • The total liabilities do not have a negative impact on the rating.
  • The payment history shows a possible low risk.
  • The legal structure is available.
  • The payment history of this company does not have any payment delay greater than 60 days.

By evaluating all risk factors, the company is assigned with EMMA score of "2", indicating

Lower Risk

Industry Norm Grouping

Industry Group SIC 3089
Industry Group Description Plastics products, nec

Industry Group EMMA Score Quartile Values

Lower Quartile 3
Median 4
Upper Quartile 9

Company Risk Vs Industry Norm Chart


Distribution of EMMA Score in D&B Mexico Database

The percentages on the graph may not always add up to 100 due to rounding.

Note: please refer to the report appendix for the principle and major factors of D&B Mexico EMMA Score.


D&B Paydex

The D&B Paydex is a unique indicator of payment performance weighted by the monetary value of payment experiences as reported to D&B by trade references. Should you require any further information or have any questions regarding Paydex, then please refer to the Appendices section for details on contacting your local D&B Customer Service Centre.


Paydex of This Business
0 100
  • 80

120 days slow

Anticipated


This business has a same paydex than its industry.

Paydex of This Industry
0 100
  • 80

120 days slow

Anticipated

Industry Median80
Upper/Lower Quartile80/70
Based on121 businesses

Trade Payment Summary (USD)

Value Bands No of Exp Total Value Within Terms 1 - 30 Days 31 - 60 Days 61 - 90 Days 91+ Days
>= 2,000,000 0 0 0% 0% 0% 0% 0%
200,000 - 1,999,999 0 0 0% 0% 0% 0% 0%
100,000 - 199,999 0 0 0% 0% 0% 0% 0%
20,000 - 99,999 4 213,855 100% 0% 0% 0% 0%
10,000 - 19,999 1 16,139 100% 0% 0% 0% 0%
< 10,000 2 8,875 100% 0% 0% 0% 0%
TOTAL 7 238,869 100% 0% 0% 0% 0%

The USD amounts represented above may be the result of converting BRL or other currency types to USD to facilitate their joint interpretation.

Trade Payment Experiences

D&B obtains payment references from local and international suppliers. References listed below may be from either or both sources. Amounts may be rounded to the nearest figure in prescribed ranges.

Date Paying Record Currency High Credit
Now Owes
Past Due
Payment Terms Last Sale
Dec 23, 2019 Prompt
MXP 10,000 0 0 15
Dec 23, 2019 Prompt
MXP 100,000 0 0 90
Dec 23, 2019 Prompt
MXP 450,000 0 0 30
Dec 23, 2019 Cash
MXP 1,200,000 0 0 0

Payment references contained in this report may have been obtained from the same source in different months and monetary units. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.



Risk Assessment Matrix

Risk Range
PAYDEX Low (EMMA 1 - 3) Medium (EMMA 4 - 7) High (EMMA 8 - 10)
PAYDEX >= 80 AA
(Subject lies in this group)
BA
CA
80 > PAYDEX >= 60 AB
BB
CB
PAYDEX < 60 AC
BC
CC


Interpretation and Analysis of Risk Assessment Matrix

Classifications Risk Level Description Credit Policy
Stable group AA -> AB The business is solid, and the bills are paid on time; therefore, it has a good credit reputation. Credit policies can be granted with automatic approval.
Low risk group BA -> BB -> AC The business operates with little risk, although there are some delays in its payment history. A pertinent credit policy is suggested, with some manual revisions.
Significant risk group CA -> BC -> CB The business operates with significant risk and there are some considerable delays in its payment history. A strict credit policy is suggested, with a detailed manual review.
Monitoring group CC The business operates with a higher risk and there is the possibility of presenting a severe delay or failure to pay its bills. It is suggested to avoid sales on credit and prefer cash agreements.

*Risk levels are listed in order of risk from low to high.


The results of the Risk Assessment Matrix show that the subject firm is assessed as AA; therefore, it belongs to the stable group:

  • The business is solid, that is, its business risk is relatively lower than the average of Mexican companies;
  • The Paydex® of the subject firm / industry relation shows that most bills are paid on time, rarely late, and that the credit reputation of the subject firm / industry is good;
  • The subject firm is considered to be part of the stable group thanks to its solid operation, prompt payments, low risk level and good credit behavior. Therefore, a credit policy with automatic approval can be granted.

On Dec 20, 2019, this firm is not registered in the list issued by the Office of Foreign Assets Control in the U.S.

For further information, visit the site:

https://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx


According to the Companet web site on Dec 26, 2019, we found the following: this business is not listed.


On the web page of sanctions from the Public Administration Ministry, we found the following: not listed



On Dec 23, 2019 a match was made against our suits database and no suits were found filed against the subject.

Silletas y Espaciadores de México, S.A. de C.V. currently has accounts in the following bank(s):


Bank Name:HSBC MEXICO, S.A.
Location:México, Ciudad de Mexico, Mexico
Account No:4037808243
Branch:(0582)


Bank Name:BBVA BANCOMER, S.A.
Location:México, Ciudad de Mexico, Mexico
Account No:163305341
Branch:(0348)

Investigation Information

On Dec 31, 2019 during the current investigation BachelorMayra Herrejón Villalba, Operations Manager , submitted Financial Statement (signed) al Dec 31, 2018, Cifras en MXN. Mexican Pesos


It is clarified that, at the close of this investigation, we attempted to establish communication by all means within our reach with the subject and the contact staff without obtaining any success, so the information expressed herein refers only to the Valid documentation provided.


Background

Established as a Stock Company with Variable Capital on Jun 06, 2006 deed 228421 registered by Notarys office 6 Bachelor Fausto Rico Alvarez, registered in the Mercantile Registry in México, Ciudad de Mexico Mercantile Folio 091413*5

Duration of 100 years.

It was established in 2006.

This is a well established business.

Status active.

Object

Object: Trading, production, manufacturing, importing and exporting of all kinds of products and services for legal persons and companies, both public and private.

Capital
Capital Stock:$1,819,971
Capital composition is divided into 50,000 shares of $1 .
Initial Capital Stock:$50,000

Capital Distribution:

Capital distribution is as follows:

Shareholders % Capital
Geovanni David Téllez Birruete 45 %
Martín Mejía Piovesan 22.5 %
José David Mejía Piovesan 22.5 %
Beatriz del Pilar Restrepo Vergara 10 %
Legal Representative

Power of Attorney assigned to the principal administrator who represent(s) the firm in all business transactions .



Name:Beatriz del Pilar Restrepo Vergara
Position:Administrator
Director
Representative

Name:Mayra Herrejón Villalba
Position:Operations Manager

Line of Business

Manufacturing and wholesaler of plastic products.


  • SIC: 3089 - 0000 - Manufactures - Plastics products, nec
  • SIC: 5162 - 9904 - Wholesales - Plastics products, nec

Mainly saddles for the construction industry

Production/Others

Works 8 hours in 1 daily shift(s).

Market

In this country the subject is considered a small concern in this field. Competition in this market is normal.

Vehicles & Equipment

The subject owns the vehicles used by the business .

Vehicles including:


Quantity Type Brand/Model Manufactured Cargo Capacity
1 pick up truck(s) NISSAN ESTACAS 2009
1 pick up truck(s) NISSAN ESTACAS 2013
1 automobile(s) DODGE ATTITUDE 2007
1 automobile(s) NISSAN SENTRA 2013
1 automobile(s) CHEVROLET AVEO 2013

The subject rents the vehicles used by the business .

Quantity Type Brand/Model Manufactured Cargo Capacity
1 truck(s) NISSAN CABSTAR 2016
1 truck(s) NISSAN CABSTAR 2017
1 truck(s) NISSAN ESTACAS 2018
1 truck(s) NISSAN XTRAIL 2017

The company utilizes owned equipment :

Quantity Kind of Equipment
office furniture and equipment
computer equipment
plastic injectors
plastic molding machines
Trademark

Manufactures under the following trademark(s):

Brand: Product: Sales %:
SIMEX Saddles 40
SIMEX Separators 40
SIMEX Separation accessories 20
Sales

Sells mainly in national and international


  • Mexico (80%)
  • United States (20%)


Selling terms:

  • 30 days, 45 days

Sells through own personnel.

Has 630 client(s).

Sells private enterprises, 80%.

Sells members of the group, 10%.

Sells general public, 5%.

Sells distributors, 5%.

Sales are steady throughout the year.


Major Customers

Sells mainly to:

Name % Location
CONSORCIO DE INGENIERIA INTEGRAL, S.A. DE C.V. 10 Mexico
POSTENSADOS Y DISEÑOS DE ESTRUCTURAS, S.A. DE C.V. 10 Mexico
QUMA HIDALGO, S.A. DE C.V. 10 Mexico
Purchases

Purchases from 7 suppliers.

85% of purchases from national suppliers.

Imports from :

  • China
  • India 100%

Purchases mainly from:

INDUSTRIAL CORONA DE MEXICO, S.A. DE C.V.

EHS ASESORES, S.A. DE C.V.

INTERCONTINETAL FREIGHT & PARCEL, S.A. DE C.V.

EXPRESS SINALOA DIVISION ENSENADA, S.A. DE C.V.

EMPAQUES Y DIEÑOS MUNDIALES, S.A. DE C.V.

GF SISTEMAS, S.A. DE C.V.

DOT REDES, S.A. DE C.V.

DB CARRIERS, S.A. DE C.V.

BRAVO VITAL, MARINA

Employees

Total 36.

Employees at present location: 22.

It uses 32 people employed by EFH ASESORES, S.A. DE C.V..

Employees including:

  • 12 office worker(s)
  • 14 salesperson(s)
  • 9 warehouse employee(s)
  • 1 other(s)
Insurance

The company is insured with:

Insurance Company Location % of total coverage Risk
AXA SEGUROS, S.A. DE C.V. México, Ciudad de Mexico, Mexico 100% Covering various risks
Branches

The subject maintains 2 branch(es)

These are some of them:


Name:Silletas y Espaciadores de México, S.A. de C.V.
Location:Hidalgo Pte. No. 831, Paraíso, Guadalupe, Nuevo Leon, Mexico
Type of installation:Maintains sales office.
Details:There are 5 employees in this location


Name:Silletas y Espaciadores de México, S.A. de C.V.
Location:Bahía de Huatulco No. 99 Int. B, El Mante, Zapopan, Jalisco, Mexico
Type of installation:Maintains sales office.
Details:There are 5 employees in this location

Previous Address

Calle 2 No. 231

Agrícola Pantitlán

Col. 08100, México, Ciudad de Mexico

Mexico

Location

At this address the subject maintains the administrative offices, a warehouse occupying on land of 1200 square meters.

The subject leases premises of 200 square meters


Comparatives (MXN)

Fiscal
Dec 31, 2016
Units
MXN
Fiscal
Dec 31, 2017
Units
MXN
Fiscal
Dec 31, 2018
Units
MXN
Current Assets 10,115,724 13,689,006 14,004,742
Current Liabilities 5,843,150 8,002,128 9,590,678
Working Capital 4,272,574 5,686,878 4,414,064
Fixed Assets 2,606,157 2,060,458 4,077,615
Net Worth or Total Equity 6,878,731 7,747,337 8,491,679
Net Sales 33570207 38758573 44940768
Net Income 824,384 868,607 1,185,316
Profit Margin: Net Income / Sales 2.46% 2.24% 2.64%
Fiscal
Dec 31, 2014
Units
MXN
Fiscal
Dec 31, 2015
Units
MXN
Current Assets 12,484,025 7,962,446
Current Liabilities 12,911,278 5,121,940
Working Capital -427,253 2,840,506
Fixed Assets 6,837,306 3,213,841
Net Worth or Total Equity 6,410,053 6,054,347
Net Sales 28,022,602 29,675,784
Net Income 2,373,799 -529,082
Profit Margin: Net Income / Sales 8.47% -1.78%

Historical Performance: Balance Sheet

Balance Sheet (MXN)

Assets Fiscal
Dec 31, 2016
Units
MXN
Fiscal
Dec 31, 2017
Units
MXN
Fiscal
Dec 31, 2018
Units
MXN
Accounts/Notes 5,543,166
Cash & Banks 84,918 3,761,380 1,125,989
Clients 5,847,307 6,914,378
Inventory 3,813,823 3,606,321 5,976,359
Other Current 160,000 473,999 -11,984
Surplus Taxes 513,817
CURRENT ASSETS 10,115,724 13,689,006 14,004,742
Accumulated Depreciation -3,698,745
Computer Equipment 287,758
Machinery & Equipment 4,866,668 1,900,458 3,917,615
Office Furnishings & Equipment 34,620
Other Fixed Assets 160,000 160,000
Transportation Equipment 1,115,856
TOTAL ASSETS 12,721,881 15,749,464 18,082,357
Liabilities Fiscal
Dec 31, 2016
Units
MXN
Fiscal
Dec 31, 2017
Units
MXN
Fiscal
Dec 31, 2018
Units
MXN
Misc. Creditors 476,126
Notes Payable 5,760,198 1,675,918
Other Liabilities 6,667,975
Others 7,406,659
Suppliers 858,027
Taxes Payable 82,952 508,101
CURRENT LIABILITIES 5,843,150 8,002,128 9,590,678
TOTAL LIABILITIES 5,843,150 8,002,128 9,590,678
Capital Stock 1,819,971 1,819,971 1,819,971
Period Result 824,384
Retained Earnings 4,234,376 5,927,366 6,671,708
TOTAL LIABILITIES AND CAPITAL 12,721,881 15,749,464 18,082,357
Assets Fiscal
Dec 31, 2014
Units
MXN
Fiscal
Dec 31, 2015
Units
MXN
Banks 46,514 383,271
Cash 25,500 25,500
Clients 5,809,869 5,853,991
Employees & Officers 54,850 94,526
Insurance 92,430 73,711
Inventory 1,817,468 1,056,132
Other Current -264,371 -406,798
Prepayments 614,539 513,817
Secured Deposit 80,371 78,371
Surplus Taxes 13,191
VAT to be Credited 4,193,664 289,925
CURRENT ASSETS 12,484,025 7,962,446
Deferred Assets 3,468,702 160,001
Fixed Assets 3,368,604 3,053,840
TOTAL ASSETS 19,321,331 11,176,287
Liabilities Fiscal Consolidated
Dec 31, 2014
Units
MXN
Fiscal Consolidated
Dec 31, 2015
Units
MXN
Others 4,160,629 3,699,094
Suppliers 3,103,721 588,212
Taxes Payable 5,646,928 834,634
CURRENT LIABILITIES 12,911,278 5,121,940
TOTAL LIABILITIES 12,911,278 5,121,940
Capital Stock 1,819,971 1,819,971
Other Capital Accounts 2,216,283 4,763,458
Period Result 2,373,799 -529,082
TOTAL LIABILITIES AND CAPITAL 19,321,331 11,176,287

Historical Performance: PROFIT & LOSS

Profit & Loss (MXN)

Fiscal
Dec 31, 2016
Units
MXN
Fiscal
Dec 31, 2017
Units
MXN
Fiscal
Dec 31, 2018
Units
MXN
Net Revenue 38,758,573 44,940,768
Net Sales 33,570,207
Net Sales 33,570,207 38,758,573 44,940,768
Sales Costs 14,819,504 17,282,417 19,388,590
Gross Income 18,750,703 21,476,156 25,552,178
Sales Operations 15,906,722 18,863,848 22,344,783
Total Operating Expenses 15,906,722 18,863,848 22,344,783
Net Operating Income 2,843,981 2,612,308 3,207,395
Financial Expenses -608,257 -956,244
Other Expenses -1,953,720 -1,135,444 -1,065,835
Profit (Loss) integral to Financing -65,877
Non Operating Income -2,019,597 -1,743,701 -2,022,079
Pre-Tax Income 824,384 868,607 1,185,316
NET INCOME 824,384 868,607 1,185,316
Fiscal
Dec 31, 2014
Units
MXN
Fiscal
Dec 31, 2015
Units
MXN
Net Revenue 28,022,602 29,675,784
Net Sales 28,022,602 29,675,784
Sales Costs 13,040,037 14,096,928
Gross Income 14,982,565 15,578,856
Sales Operations 11,717,761 13,260,972
Total Operating Expenses 11,717,761 13,260,972
Net Operating Income 3,264,804 2,317,884
Profit (Loss) integral to Financing -891,005 -2,329,297
Non Operating Income -891,005 -2,329,297
Pre-Tax Income 2,373,799 -11,413
Income Taxes -517,669
TOTAL TAXES -517,669
NET INCOME 2,373,799 -529,082

Liquidity Ratios

Ratios (MXN)

Fiscal
Dec 31, 2016
Units
MXN
Fiscal
Dec 31, 2017
Units
MXN
Fiscal
Dec 31, 2018
Units
MXN
LEVERAGE
Debt Over Total Assets 45.93% 50.81% 53.04%
Leverage Ratio 0.85 times 1.03 times 1.13 times
Financial Structure 1.18 times 0.97 times 0.89 times
LIQUIDITY
Solvency Ratio 1.73 times 1.71 times 1.46 times
Liquidity (Quick Ratio)
Liquidity Ratio 2.18 times 1.97 times 1.89 times
OPERATION
Asset Turnover 2.64 times 2.46 times 2.49 times
Long Term Asset Turnover 12.88 times 18.81 times 11.02 times
Average Days Receivable Outstanding 59.44 Days 54.31 Days 55.39 Days
RETURN
Profit Margin 2.46% 2.24% 2.64%
Return on Assets 6.48% 5.52% 6.56%
Profitability of Capital 11.99% 11.21% 13.96%
Fiscal
Dec 31, 2014
Units
MXN
Fiscal
Dec 31, 2015
Units
MXN
LEVERAGE
Debt Over Total Assets 66.82% 45.83%
Leverage Ratio 2.01 times 0.85 times
Financial Structure 0.50 times 1.18 times
LIQUIDITY
Solvency Ratio 0.97 times 1.55 times
Liquidity (Quick Ratio) 0.83 times 1.35 times
Liquidity Ratio 0.50 times 1.18 times
OPERATION
Asset Turnover 1.45 times 2.66 times
Long Term Asset Turnover 4.10 times 9.23 times
Average Days Receivable Outstanding 74.64 Days 71.02 Days
RETURN
Profit Margin 8.47% -1.78%
Return on Assets 12.29% -4.73%
Profitability of Capital 37.03% -8.74%

The subject firm has over 13 years of commercial experience in the market, carrying out its operations with a large client portfolio; covering the international market. According to the financial information as of December 31, 2018, the following is observed:   It operates with a limited financial condition due to the high leverage ratio it maintains. On the other hand, it has sufficient liquidity and solvency to meet all its obligations. A positive trend in its equity is observed and there is an increase between 2017 and 2018 of 9.60%. Its sales show an oscillatory trend during the last three years, in the 2018 year there was an increase of 15.95% compared to the previous year, as well as a recovery in its profits. According to the consulted suppliers, it has a record of prompt payments, likely to continue for the next 12 months. It has no lawsuits recorded



Customer Services

Should you require any further information or have any questions, please contact your local Customer Service Centre. Mexican subscribers please contact:


Dun & Bradstreet de Mexico, S.A. de C.V.

Durango 263, 5° Piso

Col. Roma

06700 México, Ciudad de México

Tel: +52 (55) 4166-3000

Tel: +52 (55) 5229-6900

Email: success@cialdnb.com

Website: https://www.cialdnb.com


Enquiries should always contain the below minimum details please:

  • Full Company Name
  • Full Headquarters Address
  • Telephone Number
  • Business Identification Number
  • Contact Name
  • Reference
  • Order Date
D&B MEXICO EMMA Score

D&B EMMA Score (Emerging Market Mediation Alert Score) is a risk assessment model developed for emerging market countries. It is a score developed by data profiling approach and statistical modeling, which predicts the possibility of a business in perilous status of instability or unreliability, such as poor financials, delay payment, stale inventory, abnormal operational status, etc. The EMMA Score provides you with a quick assessment of a business' risk standing, and when used together with other information, allows you to make better risk decisions.


The EMMA Score is based on a scale of 1 to 10, where 1 represents a lower risk and 10 a higher risk.


EMMA Score for Mexico is initially rolled out in 2012, derived from the sample analysis of thousands of company records. When using the Score to make individual applicant decisions, a customized version of this table based on an analysis of the Score against your customer account portfolio is recommended. It does not necessarily mean doing business with a company, which is assigned with higher Risk Score, will result in increased risk. EMMA Score for Mexico is calibrated on regular basis following D&B Global Modeling Methodology that captures business environmental change in Mexico caused by macro economy shift and particular systematic events.

Mexico EMMA Score Commentary

Risk Range EMMA Score % of report in Mexican Universe Commentary
Low Risk Scores 1-3 28.27 % Lower Risk Range
Medium Risk Scores 4-7 29.58 % Average Risk Range
High Risk Scoress 8-10 42.15 % Higher Risk Range

The Key Drivers of the EMMA Score include the following:

Business Information

  • Legal Form
  • Location
  • Number of Employees
  • Whether the Company has a parent
  • Industry

Public Record

  • Legal events - suits

Financial Information

  • Total Liabilities
  • Financial Ratios

Payment Information

  • Delinquent Payment Data

EMMA Score Application

  • Low EMMA Score - May proceed to process the applicant quickly with minimal or no manual review depending on the extent of score validation analysis.

  • Medium EMMA Score - Medium Risk Scores - Recommend a manual review of the applicant based on the applicant's capacity, your internal policy and risk tolerance.

  • High EMMA Score - High Risk Scores - Requires thorough manual review of potential decline, or approval depending on the applicant's capacity, your internal policy and risk tolerance.

D&B Paydex

The D&B Paydex is the payment performance indicator, weighted by the monetary value of the payment experiences as reported by D&B through credit references, which results in a numerical value. It is developed as a current performance measure based on the payment experiences in the D&B database. Its performance depends on the individual combination of payment experiences of a company, weighted according to their amounts in pesos or dollars.


The D&B Paydex identifies the internal factors that cause risks based on the company's payment records.


The D&B Paydex is based on a scale from 20 to 100.

La clave del D&B Paydex

Paydex Payments
100 Advance payment
90 Discount
80 Prompt
70 15 days after term
60 22 Days after term
50 30 Days after term
40 60 Days after term
30 90 Days after term
20 120 Days after term
UN Unavailable

Interpretation and Analysis of Risk Assessment Matrix

Classifications Risk Level Description Credit Policy
Quality group AA->AB The business is solid, and the bills are paid on time; therefore, it has a good credit reputation. Credit policies can be granted with automatic approval.
Low risk group BA->BB->AC The business operates with little risk, although there are some delays in its payment history. A pertinent credit policy is suggested, with some manual revisions.
High risk group CA->BC->CB The business operates with significant risk and there are some considerable delays in its payment history. A strict credit policy is suggested, with a detailed manual review.
Monitoring group CC The business operates with a higher risk and there is the possibility of presenting a severe delay or failure to pay its bills. It is suggested to avoid sales on credit and prefer cash agreements.

*Risk levels are listed in order of risk from low to high.


The Risk Assessment Matrix is a tool to investigate the insight of a subject and combined with EMMA Score and PAYDEX® EMMA Score can indicate the risk level of subject. With the help of PAYDEX® one can also further analyze subject’s risk and find out the internal factors causing risks based on the payment records of subject. In summary, the assessment matrix can make further insightful analysis towards the enterprises with similar EMMA Scores.

When using EMMA Score and Risk Assessment Matrix, the combination of other information, such as internal assessment policy of enterprise, commercial information provided by D&B, and feedback from the people who directly contacts with subject, etc., is recommended. This information will allow you to make suitable risk decisions.

D&B Rating Glossary

The following ratings are available for businesses in Mexico:

D&B Rating- The D&B® Rating in Mexico consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on Net Worth of a current fiscal balance sheet. The table below contains the values for the D&B Rating in Mexico.


Financial Strength Indicator

Range MXN Composition of Risk Indicator
Net Worth From To Strong Good Fair Poor
5A 511,490,000 And above 1 2 3 4
4A 102,298,000 511,489,999 1 2 3 4
3A 15,345,000 102,297,999 1 2 3 4
2A 7,672,000 15,344,9999 1 2 3 4
1A 3,836,000 7,671,999 1 2 3 4
A 1,923,000 3,835,999 1 2 3 4
B 962,000 1,922,999 2 3 4
C 481,000 961,999 2 3 4
D 246,000 480,999 2 3 4
E 123,000 245,999 2 3 4
F 61,000 122,999 2 3 4
G Up to 60,999 2 3 4
O Balance Sheet not available.
Risk Indicator Condition Level Risk Interpretation
1 Strong Minimum Risk Grant Credit - offer more enlarged terms if necessary
2 Good Risk Low Grant Credit
3 Fair Slightly bigger than the average Risk Grant Credit, but monitored
4 Poor Meaningful Risk Examine each case before granting credit, get more market information, and analyze other suppliers. Ask for assurance if necessary due to the high risk.
S Service Companies By the business nature, do not sign risk level Companies that do not request credit in their normal activities (Banks, Brokerages, Insurance Co., Schools, Associations, Government, etc...)
- Undetermined Unknown Risk Insufficient Information

An 'S' Risk Indicator is only assigned in conjunction with a Financial Strenght Indicator (e.g. 5A-S, 4A-S, F-S, O-S)

Risk Indicator- Used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months.


Alternate Ratings Used

-- No information available
NB New Business: Less than 30 months
BR Local Branch
FB Foreign Branch
NQ Out of Business: Business has ceased to trade
N4 Negative Net Worth

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