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Mifel S.A. de C.V. SOFOM E.R.

Main Activities: Funds, Trusts, and Other Financial Vehicles

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Company Information

Full name
Mifel S.A. de C.V. SOFOM E.R.

Previous name(s)
Factoraje Mifel, S.A. de C.V. (2010)

Headquarters
Presidente Masaryk Num. 214 piso 2 Polanco; Mexico City - Miguel Hidalgo; Federal District of Mexico City; 11560
Status: Non-Listed
Legal Form: Limited Liability Company
Operational Status: Operational
RFC: FMC9308237J8
Financial Auditors: PricewaterhouseCoopers (2012)
Incorporation Date: August 23, 1993

Tel: +52 (55) 2528 7800

Company Description

Factoraje Mifel S.A. de C.V. changed its legal form and name in February 2010 to "Mifel SOFOM." It was founded in July 21st, 1989 under the name "Feld Factor," which changed in 1993 to "Factoring Mifel." The company is engaged in financial factoring operations. In May, 2011 it merged with Mifel 3, S.A. de C.V., SOFOM, E.R., Grupo Financiero Mifel.

Company Analysis

According to the Individual - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -24.33%, from MXN 369,625.892 thousands to MXN 279,690.056 thousands. Operating result increased from MXN 40,850.319 thousands to MXN 94,208.806 thousands which means 130.62% change. The results of the period increased 25.92% reaching MXN 50,543.401 thousands at the end of the period against MXN 40,139.213 thousands last year. Return on equity (Net income/Total equity) went from 10.96% to 13.22%, the Return On Asset (Net income / Total Asset) went from 1.52% to 2.48% and the Net Profit Margin (Net Income/Net Sales) went from 10.86% to 18.07% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 434.15% compared to 621.67% of last year.

Key Executives

Gabriela Noriega Sanchez Chief Executive Officer
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Balance Sheet

Total Assets

1,945,816

2,041,874

Total Liabilities

X,XXX,XXX

X,XXX,XXX

Shareholders Equity

XXX,XXX

XXX,XXX

* All the accounts are in MXN.
Income Statement

Total Operating Revenue

XXX,XXX

XXX,XXX

Operational Profit (Loss)

XXX,XXX

XX,XXX

Net Profit (Loss)

XX,XXX

XX,XXX

* All the accounts are in MXN.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Annualised Return on Assets (ROA)

X.XX%

X.XX%

Return on Equity (ROE)

XX.XX%

XX.XX%

Annualised Return on Equity (ROE)

XX.XX%

XX.XX%

Valuation figures and ratios

Bookvalue (BV)

XXX,XXX

XXX,XXX

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%