- 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
Calle 2 No. 274 Col. Agricola Pantitlan Mexico C.P. 08100
Risk Evaluation
| EMMA Score | 2 |
| Risk Indicator | 3 |
| D&B Rating | 2A3 |
| D&B Paydex® | 80 |
| Former Rating | 2A3 |
| Record | Clear |
Principal Information
| Principal(s) | 2 |
Legal Events
| Law Suit(s) | No |
Payment Information
| Payment Record(s) | 4 |
Financial Summary
| Sales | $44,940,768 (2018) |
| Net Worth | $8,491,679 (2018) |
| Capital | $ 1,819,971 |
| Condition | Limited |
Financial Ratios
| Solvency Ratio | 1.46 |
| Leverage Ratio | 1.13 |
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 Median | 80 |
| Upper/Lower Quartile | 80/70 |
| Based on | 121 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
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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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