MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
INDUSTRIAS FYLTEX S.A. DE C.V. |
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Registered Office : |
Calle Estatuto Jurídico
Nro. 660, Col. Burocratas del Estado, Monterrey, Nuevo León |
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Country : |
Mexico |
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Date of Incorporation : |
10.02.1996 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Design and manufacture
of items of clothing for children. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : INDUSTRIAS FYLTEX S.A. DE
C.V.
TAXPAYER REGISTRATION : RFC IFY 960210 588 OPERATING STATUS: Active
MAIN ADDRESS : Calle Estatuto Jurídico Nro. 660, Col. Burocratas
del Estado, Monterrey
CITY/PROVINCE/STATE : Nuevo León
COUNTRY :
MEXICO
TELEPHONE :
(5281)8370.9321/8370.9322
FAX :
(5281)8370.3111
E - MAIL :
fflores@fyltex.com; elugo@fyltex.com
WEB SITE :
www.fyltex.com
SUMMARY
Incorporation : 1996
Operating Status :
Active
Employees
: 70
Rating
:
Company Refused Information
Payments : Little credit experience available
QUALIFICATION
RATING : Company Refused Information
PAYMENTS : Little credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION : 10FEB1996
REGISTERED IN : Monterrey, Nuevo León
CURRENT EXCHANGE RATE : Ps.10.58 per USD1
HISTORY
Subject started operating
on October 6th, 1996.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP
%
FLORES GOMEZ, FERNANDO
ELISEO Managing Director 25%
LUGO ASTIAZARAN,
ELISEO
Purchase/Product. Manager 25%
CHAPA DE LUGO, NORMA
RAMONA Shareholder 25%
LUGO DE FLORES,
MERCEDES Shareholder 25%
WHO IS WHO ?
FLORES GOMEZ, FERNANDO ELISEO
NATIONALITY : Mexican
LUGO ASTIAZARAN, ELISEO
NATIONALITY : Mexican
CHAPA DE LUGO, NORMA RAMONA
NATIONALITY : Mexican
LUGO DE FLORES, MERCEDES
NATIONALITY : Mexican
RELATED COMPANY(IES)
Subject is not related to
any other company.
BUSINESS
MAIN ACTIVITY .-
Design and manufacture of
items of clothing for children.
IMPORT : Yes Thailand, Brazil, USA, Hong Kong, Korea;
payments via transfer
EXPORT : No
% CREDIT SALES/TERMS : 100% - 30,
60 and 90 days
% DOMESTIC PURCHASES : 60%
% FOREIGN PURCHASES : 40%
SELLING TERRITORY : 100% - domestic market
EMPLOYEES
: 70
FACILITIES .-
Premises : Rented
Use
: Administrative and design offices
COMMENTS -
Main materials Subject
requires include labels and yarns.
Main products offered:
Pants and skirts
FINANCIAL INFORMATION
Eliseo Lugo Astiazaran (Purchase
and Production Manager), agreed to provide operating information except for the
financial statements and/or accounting figures by arguing he had not been
authorized by Fernando Flores Gomez, Managing Director.
Thus, this report has
been supplemented based on the information collected from external sources and
official where no balance sheets or accounting elements were available to
determine the current financial standing of this Company.
We will continue
following up so in case of favorable answer, additional information will be
sent, otherwise, consider this report definite.
INSURANCE –
Company Against
GRUPO NACIONAL PROVINCIAL
ABA SEUROS All risk
PAYMENTS RECORD
TRADE REFERENCES -
Line of Credit Monthly Average
Terms(days)) Performance? Time Supplier
1 No specified No specified No
specified Prompt Sv.yrs. Domestic
COMMENTS
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HILATURAS SELECTOS S.A DE
C.V. commented to deal with Subject. Invoices are used. Terms were not
specified. Subject is an excellent client.
Other suppliers we
consulted did not provide information.
LIST OF DOMESTIC SUPPLIERS -
Suppliers
listed Alphabetically. There is not relationship
as for the order above
Supplier Telephone
HILATURAS SELECTOS S.A.
DE C.V. (5255) 55820222
INSUNG MOOLSAN MEXICO
TEX. S.A. DE C.V. (5255) 55473313
LAMBERTEX S.A. DE
C.V. (5255)
53590877
BANKING INFORMATION
BANKERS
Bank
BANO HSBC
BANCO BANAMEX
Subject is a client of
the above banks. Further details were not available under internal policies.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)