MIRA INFORM
REPORT
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Report Date : |
04.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
FINOS TEXTILES DE MEXICO S.A. DE C.V. |
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Registered Office : |
Prolong. Saturno No.456 Nave 20, Colonia Nueva Industrial
Vallejo, México D.F. C.P.07700 |
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Country : |
Mexico |
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Date of Incorporation : |
2000 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Manufacture of Woven and Printed Labels. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : FINOS TEXTILES DE MEXICO S.A. DE C.V.
TAXPAYER REGISTRATION : RFC FTM001025RS7 OPERATING STATUS: Active
MAIN ADDRESS : Prolong. Saturno No.456 Nave 20, Colonia Nueva Industrial
Vallejo
CITY/PROVINCE/STATE : México D.F. C.P.07700
COUNTRY : MEXICO
TELEPHONE : (5255)2062.2461
FAX : (5255)2062.2462
E - MAIL : infomexico@finotex.com
SUMMARY
Incorporation : 2000 Operating Status : Active
CR-Rating : Poor
Payments : No further credit
experience available
QUALIFICATION
RATING :
Poor
PAYMENTS : No further credit experience available
LEGAL
BACKGROUNDS
LEGAL STATUS : Stock Company of
Variable Capital
DATE OF INCORPORATION : 2000
REGISTERED IN : México D.F.
CURRENT EXCHANGE RATE : Ps$10.68 per USD1
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES /
COMPANY NAME TITLE
DUARTE CASTRO, JUAN PABLO Director General
ARMENDARIZ, MONICA Accountant
RELATED COMPANY(IES)
COMPANY NAME COUNTRY TAX.REG.
RELATION
FINOTEX S.A. COLOMBIA 8901135084 Related
FINOTEX USA CORP U.S.A. Related
FINOX TEXTILES DE CENTROAMERICA S.A. EL SALVADOR Related
BUSINESS
MAIN ACTIVITY .-
Manufacture of woven and printed labels.
Trademarks: "FINOTEX"
IMPORT : Yes Raw material from USA, India, China,
Germany, England, Colombia, Honduras
Dominican Republic
% CASH
SALES/METHOD : 50%
% CREDIT
SALES/TERMS : 50% within 30 days
% DOMESTIC
PURCHASES : Yes
% FOREIGN
PURCHASES : Yes
SELLING TERRITORY :
Mexican
market - 100%
FACILITIES .-
Condition : Good
Use : Headquarters and production plant
FINANCIAL INFORMATION
Celia Pacheco (Import Department) only
provided brief information as she had not been authorized.
Other sources were consulted but
unfortunately, no accounting information was obtained to determine the current
standing of this Company.
FINOS TEXTILES DE MEXICO S.A. DE C.V. is a
company formed in 2000. Pertinent measures should be taken as no information enough
and credit experience were available.
PAYMENTS RECORD
TRADE REFERENCES
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COMMENTS .-
The cited supplier did not provide
information relative to Subject.
Subject mostly buys from overseas suppliers.
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier _ Telephone _
DHL MEXICO 52-55 53457000
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO S.A.
Subject Company is a client of the above banks.
Further information was not available due to confidential 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%)