D&B Report
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Muebles Arell, S.A.P.I. de C.V.

  • Delivery Date: May 13, 2019
  • Subscriber No: 825111111
    Reference:
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Identification & Summary

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Identification

D-U-N-S Number: 81-176-1659
Trading Style: MUEBLERIAS ARELL Y ESPAÑA
Country Tax ID: MAR750202J90
SSN: R1414401378
Location: Av. Reforma No. 5891 Col. Centro
C.P. 44100 Guadalajara Jalisco
Mexico
Telephone(s): (+52) 33 31323300
(+52) 33 33323100
Facsimile(s): (+52) 33 31323318
E-Mail: [email protected] / [email protected] / [email protected]
Website: www.arell.com.mx

Summary

Type of Business: Association with Shares Investment Promotor with Variable Capital
Established: 1975
Line of Business: Manufacturing, wholesale of household furniture. Design and interior decoration. Holding firm
Primary SIC: 25199900
Imports: Yes
Exports: Yes
Employs: 250 (Here)
750 (Total)
Principal: Alberto Pedraza González
President Council
Currency

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


Risk Assessment

  • EMMA Score3

  • 3 - 3Lower Risk
  • D&B Rating5A3

  • Financial Strength 5A Based on net worth
    Risk Indicator 3 Fair (slightly greater than average risk)
The Dun & Bradstreet Rating of 5A3 indicates:
  • Financial Strength of MXN 511,490,000 And above based on net worth
  • A Risk Indicator which is Fair (slightly greater than average risk)
D&B Maximum Credit Recommendation MXN 8,333,333
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Risk Analysis

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EMMA Score

3 - 3Lower Risk
EMMA Score Analysis

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

  • Total Liabilities has a negative impact on the score
  • According to D&B records this business has no payment behaviour more than 60 days past due
  • Analysis suggests this geographical region has low risk in payment delays
  • According to D&B Records, this business's payments are within terms which has a positive impact on the score.
EMMA Score
3

By evaluating all risk factors, the company is assigned with EMMA score of "3", indicating "Lower Risk".
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Industry Norm Grouping


Industry Group SIC 2519
Industry Group Description Household furniture, nec
Industry Group EMMA Score Quartile Values
Lower Quartile 3
Median 4
Upper Quartile 9

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Company Risk Vs Industry Norm Chart


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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.

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Risk Assessment Matrix

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

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Interpretation and Analysis of Risk Assessment Matrix

Classifications Risk Level Description Credit Policy
Quality group AA->AB Business is sound, and the bills are paid promptly with good credit reputation. Favorable credit policy can be granted with automatic approval.
Low risk group BA->BB->AC Business is operated under low risk, and some delay payment behaviors exist. Appropriate credit policy is suggested with some manual review.
High risk group CA->BC->CB Business is operated under high risk, and some severe delay payment behaviors exist. Relatively strict credit policy is suggested with detailed manual review.
Monitoring group CC Business is run under high risk or with high possibility of windup, and they are unable to pay their bills in time. Avoid credit sales. Cash settlement is suggested.
*Risk levels are listed in order of risk from low to high.

    According to the Risk Assessment Matrix, subject is rated as AB, which indicates that the subject belongs to the quality group:

  • The risk level of the subject is low, which indicates a lower than average business risk amid all Mexican enterprises;
  • The PAYDEX® of the subject/industry indicates that some late payment behaviour exists. However, the time and amount of the delay could be deemed acceptable, thus its late payment behaviour is not severe;
  • Subject is rated as a quality company due to its sound operation, low risk level and good credit reputation. Even though the subject/industry has some short-term late payment behaviours, which could be contributed to the specific industry characteristics, the subject is still recommended to be granted with a favourable credit policy.
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Trade Payments

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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

  • 79Paydex of This Business - 79
    When weighted by value, payments to suppliers average 2 days beyond terms based on payments collected over the last 24 months.

    This business has a higher paydex than its industry.
  • Paydex of This Industry

  • 70Paydex of This Industry - 70
    Industry Name: Holding companies, nec
    Industry Median: 70
    Upper/Lower Quartile:  80/63
    Based on: 211 businesses

D&B Paydex Yearly Trend with Industry Comparison

The chart below shows the D&B Paydex of this business (amber line) compared to the industry of Holding companies, nec, based on SIC code 6719 (blue line). The area between the dashed lines is a measure of statistical dispersion and represents the performance of payers within the middle two quartile ranges of all businesses in this industry.

Is is based on payments collected over the past 24 months.



Paydex Industry Trend
May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19
Paydex 79 78 79 79
Ind Median 71 71 70 70
75th %ile 80 80 80 80
25th %ile 65 65 64 63
High Risk of late payment (average 30 to 120 days beyond terms)
Medium Risk of late payment (average 30 days or less beyond terms)
Low Risk of late payment (average prompt to 30+ days sooner)


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 5 280,700 88% 12% 0% 0% 0%
10,000 - 19,999 1 16,139 100% 0% 0% 0% 0%
< 10,000 26 165,015 86% 14% 0% 0% 0%
TOTAL 32 461,854 88% 12% 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
Sep 03, 2018 Prompt MXN 60,000 0 0 30 -
Sep 03, 2018 Prompt USD 45,000 0 0 30 -
Sep 03, 2018 Prompt/Slow 8 MXN 80,000 0 0 30 -
Sep 03, 2018 Prompt MXN 60,000 0 0 30 -
Sep 03, 2018 Prompt/Slow 8 USD 35,000 0 0 30 -
Sep 03, 2018 Prompt MXN 40,000 0 0 30 -
Sep 03, 2018 Prompt MXN 120,000 0 0 30 -
Aug 03, 2018 Prompt MXN 100,000 0 0 30 -

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.

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Country Risk

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Risk Factor

The following parameters and macroeconomic variables can influence the decision-making process with commercial partners in Mexico.

During the first semester of this year, the 28-day Interbank Interest Rate (TIIE) closed at 8.1004%, while the target rate stayed at 7.75%, which is beneficial to financial investments and the banking sector. On the other hand, the exchange rate with the American Dollar remains fluctuating, with highs of 20.7 pesos, although the central bank has managed to keep it between 17 and 20 pesos. Thanks to the measures implemented by the Banco de México, it's been possible to decrease the inflation rate that was present during the past year, which closed this first semester at 4.51%. It's important to note that the central bank is working towards getting it to the target figure of 3%, and the forecast indicates that by 2019 it will be close.

The Mexican Government continues to implement economic, structural and financial reforms that seek the growth of the economy, which in turn fosters commerce and private and financial investments in the country. This shows in the World Economic Forum's Global Competitiveness Index (2017-2018 edition), where Mexico has the 51st place out of the 137 countries studied. Also, it holds the 10th place in the Trade Facilitation Index of economies with an open market, since it facilitates the flow of goods, thanks to the 12 free trade agreements it has with other countries, besides the 32 investment promotion and protection agreements and the 9 limited scope agreements it also has. Among the most important agreements are the Free Trade Agreement with the European Union, the Latin American Integration Association (LAIA), the Trans-Pacific Partnership (TPP) and the North American Free Trade Agreement (NAFTA). However, this last one has brought some uncertainty to the country, since its renegotiation has taken a long time and an unclear path.

On another note, domestic trade brings favorable expectations, as noted by the Montly Survey of the Business Opinion, where it's shown that the behavior of the relevant variables in the Manufacturing, Commerce and Construction sectors has increased the business confidence level, which in turn brings more profitability to the Mexican market. On top of this, the presidency change could cause uncertainty within the country's markets and economy, which is why it's important to continue monitoring these parameters and the effects they may have on the economy in general and how business relationships with companies in this country will be affected.

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News & Alerts

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Financial Investigation

An analysis made by D&B Mexico shows that only 0.1% of companies file their financial figures with public sources. However, through proprietary internal processes and unique local sources, D&B Mexico fulfills over 32% of Businesses Information Reports with relevant financial information.
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Public Record Information

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Suits

The following suit(s) were found in our database


Petition Date: Nov 14, 2016
Type: Request for Bankruptcy
Filling Nbr: 2255/2016
Court: 8
Secretariat: A
City: México
State: Ciudad de México
Defendant: Muebles Arell, S.A.P.I. de C.V.
Plaintiff: Muebles del Norte, S. de R.L. de C.V.
Petition Date: Feb 28, 2016
Type: Request for Bankruptcy
Filling Nbr: 28130/2016
Court: 9
City: León
State: Guanajuato
Defendant: Muebles Arell, S.A. de C.V.
Other Defendant: and other(s)
Plaintiff: Centro Inmobiliario Ibáñez, S.A. de C.V.
Petition Date: Jan 12, 2017
Type: Request for Bankruptcy
Filling Nbr: 8600/2017
Court: 3
City: Hermosillo
State: Sonora
Defendant: Muebles Arell, S.A. de C.V.
Other Defendant: and other(s)
Plaintiff: Industrial Mueblera Nueva Era, S.A.P.I. de C.V.
Petition Date: Nov 04, 2016
Type: Request for Bankruptcy
Filling Nbr: 2348/2015
Court: 4
City: Culiacán
State: Sinaloa
Defendant: Muebles Arell, S.A. de C.V.
Plaintiff: Nacional de Muebles, S. de R.L. de C.V.

The reported suit(s) may have been paid or resolved subsequent to the preparation of this report.

The suits mentioned above, have been gathered from the Mexican Legal Bulletin (Boletín Judicial de México, D.F.), Oficial Federation Journal, from the public registry, additional specialized sources, and/or other sources. Therefore, we hold no responsibility for any error that could have been compiled from the original source.

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Banks

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Muebles Arell, S.A.P.I. de C.V. currently has accounts in the following bank(s):


Bank Name: BBVA BANCOMER, S.A.
Location: Guadalajara, Jalisco, Mexico
Account No: 1234567890 (MXP)
8521473690 (USD)
Branch: Chapultepec
Bank Name: BANAMEX, S.A.
Location: Guadalajara, Jalisco, Mexico
Account No: 159753 (MXP)
456852137 (USD)
Branch: Metropolitana
Bank Name: HSBC MEXICO, S.A.
Location: Guadalajara, Jalisco, Mexico
Account No: 124863984 (MXP)
798465123 (USD)
Branch: Florencia
Bank Name: BANORTE, S.A.
Location: Guadalajara, Jalisco, Mexico
Account No: 11458632 (MXP)
18465231 (USD)
Branch: Juárez
Bank Name: BANCO SANTANDER, S.A.
Location: México, Ciudad de México, Mexico
Account No: 46243672
Branch: Polanco
Bank Name: CITIBANK, N.A.
Location: New York, New York, United States
Branch: Local
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Current Investigation

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Investigation Information

On Sep 03, 2018 during the current investigation Bachelor Javier Medina Mondragón, Director Administration & Finance, submitted financial statement (signed) dated Dec 31, 2017. Figures in MXN.

The sales from Jan 01, 2018 to Jul 31, 2018 for 7 months reach a total of $222,679,215 MXN.

The forecast of sales for 2018 is $381,735,797 MXN.

The partial financial information as of May 31st 2017 comes from the same source. The financial information of 2016 corresponds to the opinion made by the firm PriceWaterhouseCoopers, S.C..

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History

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Background

Established as a Association with Shares Investment Promotor with Variable Capital on Aug 02, 2016 deed 65782 registered by Notary's office 14 Bachelor Constancio Hernández Allende, registered in the Mercantile Registry in Guadalajara, Jalisco. Mercantile Folio 127580.

Duration of 99 years.

It was established in 1975.

This is a well established business

Under taxation system since 2016.

Under present firm name since 1990.

Status active.

Object

Object: Manufacture, purchase, sale, distribution, representation, design and marketing of all types of furniture and electrical items for the home, control, acquisition, distribution of shares and securities, as well as any act of trade related to the field. Provision of all kinds of interior design and decoration services.

Merger

The reported business was merged with Mueblería La Fortuna, S.A. de C.V. (ceased operations), on Mar 05, 2005.

Changes

Former name: Muebles O Carvalliño, S.A.. Registered in Mercantile Folio Nu. 127580, Deed 6514, founded on Feb 02, 1975.

On May 07, 1983, by charter amendment, the name was changed to Muebles O Carvalliño, S.A. de C.V., registered under Public Deed/Mercantile Folio, book 1, pages(s) 5, nu 7, registered under Bachelor Constancio Hernández Allende, Notary's office No. 14

On Aug 20, 1990, by charter amendment, the name was changed to Muebles Arell, S.A. de C.V., registered under Public Deed/Mercantile FolioRegistered under Bachelor Constancio Hernández Allende, Notary's office No. 14

On Aug 02, 2016, by charter amendment, the name was changed to Muebles Arell, S.A.P.I. de C.V., registered under Public Deed/Mercantile FolioRegistered under Bachelor Constancio Hernández Allende, Notary's office No. 14

Capital

Capital Stock: $400,000,000 MXN
Capital composition is divided into 400,000 of $1,000 MXN.
Initial Capital Stock: $7,500 MXN

Capital Distribution:

Capital distribution is as follows:

Shareholders Stock Qty % Capital
OPERADORA CIAL D&B, S.A. DE C.V. 396,000 99%
Bachelor Alberto Pedraza González 2,000 0.50%
P.A. Pablo Andrés Jara Fernández 2,000 .50%

Legal Representative

Power of Attorney assigned to the president and the general director who(s) represent(s) the firm in all business transactions.

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Corporate Structure

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Parent

The subject is a subsidiary of:

Name: Operadora CIAL D&B, S.A. de C.V.
D-U-N-S: 82-207-5198
Location: Durango No. 263 Piso 5, México, Ciudad de México, Mexico
Details: Ownership: 99%
Year Started: 1970
Line of Business: Tenedoras de acciones
The parent is a subsidiary of:

Name: Adriana, Inc
D-U-N-S: 12-345-6789
Location: Dallas, Texas, United States

Subsidiaries

The principals are:

Name: Inmobiliaria Mueblera de Colombia, S.A. de C.V.
D-U-N-S: 81-759-3317
Location: Mérida, Yucatán, Mexico
Details: Ownership: 99.99%
Year Started: 2000
Line of Business: Real estate services
Intercompany Relationships: leasing arrangements
Legal Status: active
Name: Invernaderos Hidropónicos de Puebla, S. de R.L. de C.V.
D-U-N-S: 81-759-3318
Location: San Pedro Cholula, Puebla, Mexico
Details: Ownership: 75%
Year Started: 2006
Line of Business: Growing of hydroponic vegetables
Legal Status: active
Name: Servicios Corporativos La Comercial, S.C.
D-U-N-S: 81-759-3319
Location: México, Ciudad de México, Mexico
Details: Ownership: 60%
Year Started: 1999
Line of Business: Administrative and HR services
Intercompany Relationships: administrative services and personnel
Legal Status: active

Affiliates

The principals are:

Name: Comercializadora Arell, S.A. de C.V.
D-U-N-S: 81-759-3310
Location: Francisco I. Madero No. 278, México, Ciudad de México, Mexico
Details: Year Started: 1975
Line of Business: Retailer of furniture
Intercompany Relationships: intercompany sales
Legal Status: active
Name: Arell del Norte, S.A. de C.V.
D-U-N-S: 81-759-3311
Location: Pino Suárez No. 4815, Monterrey, Nuevo Leon, Mexico
Details: Year Started: 1999
Line of Business: Retailer of home appliances
Intercompany Relationships: intercompany sales
Legal Status: active
Name: Arell Inmobiliaria, S.A. de C.V.
D-U-N-S: 81-759-3313
Location: Av. Hidalgo No. 263, Puebla, Puebla, Mexico
Details: Year Started: 1975
Line of Business: Real estate services
Intercompany Relationships: leasing arrangements
Legal Status: active
Name: Administraciones Arell, S.C.
D-U-N-S: 81-759-3314
Location: Av. Corregidora No. 140, Guadalajara, Jalisco, Mexico
Details: Year Started: 1985
Line of Business: Administrative services
Intercompany Relationships: administrative services and accounting
Legal Status: active
Name: Transarell, S.A. de C.V.
D-U-N-S: 81-759-3315
Location: Paseo de los Laureles No. 98, Zapopan, Jalisco, Mexico
Details: Year Started: 2015
Line of Business: Cargo transport services
Intercompany Relationships: intercompany sales
Legal Status: active
Name: Bodegas y Almacenes Arell, S. de R.L. de C.V.
D-U-N-S: 81-759-3316
Location: Quinta de las Rosas No. 3, Tlalnepantla de Baz, Estado de Mexico, Mexico
Details: Year Started: 2014
Line of Business: Storage services
Intercompany Relationships: intercompany sales
Legal Status: active
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Principals

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Name: Alberto Pedraza González
Position: President Council
Name: Pablo Andrés Jara Fernández
Position: Secretary
Name: José Angel Díaz García
Position: Treasurer
Name: Enrique de la Cruz Ramírez
Position: General Director
Name: Raymundo Alvarado Méndez
Position: Commissioner
Name: Javier Medina Mondragón
Position: Director Administration & Finance
Name: Mario Castañeda Molina
Position: Manager Administrative
Name: Nicolás Gaytán Castro
Position: Manager Accounting
Name: Carlos Hernández González
Position: Manager Plant
Name: Isabel Ventura Gutiérrez
Position: Manager Sales
Name: Mónica Aguilar Cervantes
Position: Manager General Services
Name: Mariana Vallejo Franco
Position: Manager Human Resources
Name: Elías Alanís Cosme
Position: Manager Legal
Name: Roberto Gómez Zaldívar
Position: General Accountant
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Operations

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Line of Business

Manufacturing, wholesale of household furniture. Design and interior decoration. Holding firm.

  • Manufactures: Household furniture, nec, nec, SIC: 25199900
  • Manufactures: Office furniture, except wood, SIC: 25220000
  • Wholesales: Household furniture, SIC: 50210200
  • Wholesales: Office furniture, nec, SIC: 50210106
  • Provides: Interior design services, SIC: 73890600
  • Engaged in: Interior decorating, SIC: 73890603
  • Operates as : Holding companies, nec, nec, SIC: 67199900

The company operates as a holding company for a group engaged in companies engaged in services of personnel and real estate

Production/Others

Operates at 85% of capacity. Works 24 hours in 3 daily shift(s).

Market

In this country the subject is considered a medium concern in this field. Competition in this market is strong.

Vehicles & Equipment

The subject owns the vehicles used by the business.

Vehicles including:

Quantity Type Brand/Model Manufactured Cargo Capacity
1 Trucks  INTERNATIONAL  2014
1 Trucks  KENWORTH  2013
1 Trucks  KENWORTH  2012
1 Trucks  FREIGHTLINER  2014
3 pick-ups  FORD  2018
3 cars  NISSAN ALTIMA  2016
1 cars  CHEVROLET AVEO  2018
1 cars  SEAT TOLEDO  2017
1 cars  CHEVROLET VECTRA  2017
1 Trucks  MAZDA 6  2018

The company utilizes own equipment:

Quantity Kind of Equipment
- office fixtures
- computer equipment
- industrial machinery

Trademark

Distributes under 9 trademark(s).

Trademark(s) include: "IEM", "GE", "SONY", "LG", "ACROS", "SAMSUNG", "DAEWOO", "MABE", "BLACK & DECKER",

Sales

Sells mainly in national and international

  • Mexico (75%)
  • El Salvador
  • Nicaragua
  • Costa Rica
  • Guatemala
  • Costa Rica
  • Honduras (25%)

Selling terms:

  • 30 days, 60 days
  • and 90 days
  • Special agreement (100%)

Sells through own personnel.

Sells to private enterprises, 90%.

Sells to government, 10%.

Sales are steady throughout the year

Major Customers

Sells mainly to:

Name % Location
FABRICANTES REGIOS DE MUEBLES, S.A. DE C.V. 3 Monterrey, Nuevo Leon, Mexico
MUEBLES FINOS PARA EL HOGAR, S.A. DE C.V. 2 Guadalajara, Jalisco, Mexico
MUEBLERIA FORTUNA, S.A. DE C.V. 3 León, Guanajuato, Mexico
COMERCIALIZADORA ARELL, S.A. DE C.V. 2 México, Ciudad de México, Mexico
ARELL DEL NORTE, S.A. DE C.V. 2 Monterrey, Nuevo Leon, Mexico
GOBIERNO DEL ESTADO DE JALISCO 2 Guadalajara, Jalisco, Mexico
GOBIERNO DE LA CIUDAD DE MEXICO 1 México, Ciudad de México, Mexico
GOBIERNO DEL ESTADO DE NUEVO LEON 1 Monterrey, Nuevo Leon, Mexico
SECRETARIA DE DESARROLLO SOCIAL 3 México, Ciudad de México, Mexico
PETROLEOS MEXICANOS 2 México, Ciudad de México, Mexico
ALMACEN NACIONAL DE APARATOS PARA EL HOGAR, S.A. DE C.V. 2 Hermosillo, Sonora, Mexico
SURTIDOR MEXICANO DEL HOGAR, S.A. DE C.V. 3 Culiacán, Sinaloa, Mexico
CIA. COMERCIAL DON TOÑO, S. DE R.L. DE C.V. 2 Aguascalientes, Aguascalientes, Mexico

Purchases

Purchases from 800 suppliers.

75% of purchases from national suppliers; payment terms from 30, 45 to 60 days.

25% of purchases from foreign suppliers; payment terms from 30, 60 to 90 days.

Imports from :

  • United States
  • Canada
  • China
  • South America 100%,

Purchases mainly from:

MADERAS Y TRIPLAY DEL NORTE, S.A. DE C.V.

TORNILLOS Y DERIVADOS METALICOS, S.A. DE C.V.

HERRAJES NACIONALES DE MEXICO, S. DE R.L. DE C.V.

LAMINADOS DE ALTA CALIDAD, S. DE R.L. DE C.V.

MADERAS Y LAMINADOS DE MONTERREY, S. DE R.L. DE C.V.

TRIPLAY MUEBLERO NACIONAL, S.A. DE C.V.

MADERAS NACIONALES DE ALTA CALIDAD, S.A. DE C.V.

FORESTAL DEL NUEVO MILENIO, S.A. DE C.V.

MADERAS FINAS DEL SUR, S.A.C.

FORESTAL DO BRASIL, S.A.

LAMINADOS SUDAMERICANOS, LTD

MADERAS DEL RIO DE LA PLATA, S.A.

Employees

Total 750.

Employees at present location: 250.

Employees peak to 850.

Employees include:

  • 115 office worker(s)
  • 530 blue collar worker(s)
  • 45 salesperson(s)
  • 60 Other

Insurance

The company is insured with:

Insurance Company Location Coverage (% of total coverage) Risk
AXA SEGUROS, S.A. DE C.V. Guadalajara, Jalisco, Mexico 100%

Covering Transportation Equipment for 45,000,000 MXN

MAPFRE MEXICO, S.A. Guadalajara, Jalisco, Mexico 100%

Covering Transportation Equipment for 8,000,000 MXN

SEGUROS INBURSA, S.A. Guadalajara, Jalisco, Mexico 100%

Covering Transportation Equipment for 4,500,000 MXN

GRUPO NACIONAL PROVINCIAL, S.A.B. Guadalajara, Jalisco, Mexico 100%

Covering malicious damage for 6,500,000 MXN

malicious damage
PRIMERO FIANZAS, S.A. DE C.V. Guadalajara, Jalisco, Mexico 100%

Covering performance bonds

performance bonds
AFIANZADORA ASERTA, S.A. DE C.V. Guadalajara, Jalisco, Mexico 100%

Covering performance bonds

performance bonds
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Location

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Branches

The subject maintains 8 branch(es).

These are some of them:

Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3321
Location: Madero No. 100, Col. Moderna, Monterrey, Nuevo Leon, Mexico
Details: Maintains plant and warehouse.There are 145 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
Location: Manantiales No. 50, Col. Juan Escutia, México, Ciudad de México, Mexico
Details: Maintains plant and warehouse.There are 145 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3322
Location: Salamanca No. 30, Col. Los Balcones, León, Guanajuato, Mexico
Details: Maintains plant and warehouse.There are 130 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3323
Location: Av. Centenario No. 154, Centro, Puebla, Puebla, Mexico
Details: Maintains sales office.There are 13 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3324
Location: Av. del Maestro No. 73, Col. Jardines de la Hacienda, Mérida, Yucatán, Mexico
Details: Maintains sales office.There are 13 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3325
Location: Av. 5 de Febrero No. 278, Col. Centro, Veracruz, Veracruz, Mexico
Details: Maintains sales office.There are 14 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3326
Location: Francisco Villa No. 71, Col. Centro, Tijuana, Baja California Norte, Mexico
Details: Maintains sales office.There are 13 employees in this location.
Name: Muebles Arell, S.A.P.I. de C.V.
D-U-N-S: 81-759-3327
Location: Av. 16 de Septiembre No. 14, Col. Centro, Morelia, Michoacan, Mexico
Details: Maintains sales office.There are 12 employees in this location.

Former Address

Av. Antonio Díaz Soto y Gama No. 143
Ricardo Flores Magón
C.P. 44240 Guadalajara, Jalisco
Mexico

Postal Address

P.O. Box Durango No. 263
Cuauhtémoc
06700 México, Ciudad de Mexico
Mexico

Registered Address

Durango No. 263 Piso 5
Col. RomaCuauhtémoc
C.P. 06700 México, Ciudad de Mexico
Mexico

Location

At this address the subject maintains the administrative offices, plant and warehouse, located one building on land of 5,000 square meter(s).

The subject own premises of 3,800 square meter(s) on floor(s) 4 on a building of 4 floor(s).

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Financial Information

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- -

Comparatives (MXN)

Fiscal Consolidated
Dec 31, 2015
Single Units
MXN
Fiscal Consolidated
Dec 31, 2016
Single Units
MXN
Fiscal Consolidated
Dec 31, 2017
Single Units
MXN
 
Current Assets 230,287,184 235,059,388 260,686,275
Current Liabilities 102,523,202 90,236,308 106,746,568
Working Capital 127,763,982 144,823,080 153,939,707
Fixed Assets 356,283,114 342,974,119 383,738,191
Net Worth or Total Equity 466,115,674 470,871,278 515,504,941
Net Sales 410,295,048 399,121,947 427,060,483
Net Income 18,771,626 16,477,527 20,315,664
Profit Margin: Net Income / Sales 4.58 % 4.13 % 4.76 %
 

Balance Sheet (MXN)

Assets





Fiscal Consolidated
Dec 31, 2017
Single Units
MXN
 
Cash and Banks 146,993,270
Surplus Taxes 63,256
Intercompany 2,045,101
Inventory 43,868,936
Other Current Assets 2,249,958
Clients 65,465,754
Current Assets 260,686,275
Deferred Assets 10,303,787
Fixed Assets 373,434,404
Total Assets 644,424,466
 
Liabilities





Fiscal Consolidated
Dec 31, 2017
Single Units
MXN
 
Accounts Payable 39,612,468
Taxes Payable 10,743,619
Others 14,126,114
Client Advances 37,353,068
Bank Loans 4,911,299
Current Liabilities 106,746,568
Fixed Liabilities 22,172,957
Total Liabilities 22,172,957
Capital Stock 400,000,000
Period Result 20,315,664
Previous Period Result 95,189,277
Total Liabilities and Capital 644,424,466
 

Profit & Loss (MXN)







Fiscal Consolidated
From Jan 01, 2017
to Dec 31, 2017
Single Units
MXN
 
Net Sales 427,060,483
Net Sales 427,060,483
Sales Costs 297,636,307
Cost of Goods Sold 297,636,307
Gross Income 129,424,176
Operations Expenses 111,566,427
Total Operating Expenses 111,566,427
Net Operating Income 17,857,749
Financial Expenses -3,359,961
Financial Income 6,419,263
Profit(Loss) in Currency Exchange -601,387
Non Operating Income 2,457,915
Pre-Tax Income 20,315,664
Net Income 20,315,664
 

Ratios (MXN)

  Dec 31, 2017
 
Operation Ratios
Profit Margin: Net Income / Sales 4.76 %
Profit / Total Assets 3.15 %
Return on Capital: Net Income / Capital 3.94 %
 
Activity
Asset Turnover 0.66 times
Long Term Asset Turnover 1.11 times
Selling Days Receivable 55.19 days
 
Indebtedness Ratio
Total Liab. to Total Assets 20.01 %
Debt Ratio 0.25 times
 
Liquidity
Current Ratio 2.44 times
Curr Assets-inv to Curr Liab 2.03 times
Liquidity Ratio: Total Assets / Total Liabilities 5.00 times
Debt Ratio:Equity / Total Liabilities 4.00 times
Debt Ratio: Equity / Current Liabilities 4.83 times
 

Estimated/Partial Financial Statements

Balance Sheet (MXN)

Assets





Interim Consolidated
Jul 31, 2018
Single Units
MXN
 
Cash and Banks 149,933,135
Surplus Taxes 69,582
Intercompany 2,229,160
Inventory 46,062,383
Other Current Assets 2,384,954
Clients 72,012,329
Current Assets 272,691,543
Deferred Assets 10,633,509
Fixed Assets 377,168,749
Total Assets 660,493,801
 
Liabilities





Interim Consolidated
Jul 31, 2018
Single Units
MXN
 
Accounts Payable 43,573,715
Taxes Payable 11,689,057
Others 14,973,681
Client Advances 38,100,130
Bank Loans 5,058,638
Current Liabilities 113,395,221
Fixed Liabilities 23,059,875
Total Liabilities 23,059,875
Capital Stock 400,000,000
Period Result 8,533,764
Previous Period Result 115,504,941
Total Liabilities and Capital 660,493,801
 

Profit & Loss (MXN)







Interim Consolidated
From Jan 01, 2018
to Jul 31, 2018
Single Units
MXN
 
Net Sales 222,679,215
Net Sales 222,679,215
Sales Costs 156,854,334
Cost of Goods Sold 156,854,334
Gross Income 65,824,881
Operations Expenses 58,466,386
Total Operating Expenses 58,466,386
Net Operating Income 7,358,495
Financial Expenses -1,929,575
Financial Income 3,431,096
Profit(Loss) in Currency Exchange -326,252
Non Operating Income 1,175,269
Pre-Tax Income 8,533,764
Net Income 8,533,764
 

Ratios (MXN)

  Jul 31, 2018
 
Operation Ratios
Profit Margin: Net Income / Sales 3.83 %
Profit / Total Assets 1.29 %
 
Activity
Asset Turnover 0.34 times
Long Term Asset Turnover 0.57 times
Selling Days Receivable 116.42 days
 
Indebtedness Ratio
Total Liab. to Total Assets 20.66 %
Debt Ratio 0.26 times
 
Liquidity
Current Ratio 2.40 times
Curr Assets-inv to Curr Liab 2 times
 
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Conclusion

Summarise
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The subject firm has a strong financial structure, presented a recovery of its income and profits, compared to 2016, as well as an increase in its main accountable entries, derived from new market lines and the capitalization of its partners, maintaining itself as a leader in the market, as a result of its vast experience and a relevant presence in its field. As a result of the diversification of its activities, its dependence on a single source of income is practically null, supported by the above in the possession of nationally renowned clients and a broad portfolio of suppliers, which guarantees the timely supply of its operative inputs In relation to its payments to suppliers, it is important to highlight that even though it presents some delays, they do not have a significant impact on its general behavior, since the vast majority of its suppliers classify it as punctual. Likewise, the legal incidents that it records do not represent a significant risk for the company at an operational or economic level. It is important to note that as a result of changes in the operating and accounting procedures, the company had an increase of 7% in its revenues and in its annual result, as well as optimal debt, liquidity and solvency ratios..
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Appendices

Summarise
- -

Customer Service

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


Dun & Bradstreet Mexico

Durango 263, Pisos 5

Col. Roma

06700 Mexico, D.F.

Tel: +52 (55) 5229-6900

Fax: +52 (55) 5514-7502

Email: [email protected]

Website: www.dnb.com/mx

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 Scores 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.

Interpretation and Analysis of Risk Assessment Matrix

Classifications Risk Level Description Credit Policy
Quality group AA->AB Business is sound, and the bills are paid promptly with good credit reputation. Favorable credit policy can be granted with automatic approval.
Low risk group BA->BB->AC Business is operated under low risk, and some delay payment behaviors exist. Appropriate credit policy is suggested with some manual review.
High risk group CA->BC->CB Business is operated under high risk, and some severe delay payment behaviors exist. Relatively strict credit policy is suggested with detailed manual review.
Monitoring group CC Business is run under high risk or with high possibility of windup, and they are unable to pay their bills in time. Avoid credit sales. Cash settlement is suggested.
*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 Credit Risk
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 15,344,999 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.
Credit Risk Condition Risk Indicator 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

Confidentiality

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  • © Rights Reserved 2005 Dun & Bradstreet. All Rights Reserved. This report, which is authorized for the exclusive use of D&B Customers, through a contract, and to be used as an instrument of business decision, contains information compiled from different sources on which D&B no control and have not been verified unless otherwise specified in this report. Dun & Bradstreet does not assume any of the user's business risks; does not guarantee the accuracy, integrity and timeliness of the information and shall not be liable in tort, contract or otherwise for any loss, damage or injury resulting from the use of this information, even if caused by Dun & Bradstreet's negligence.

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