MIRA INFORM REPORT

 

 

Report Date :

01.10.2011

 

IDENTIFICATION DETAILS

 

Name :

GRUPO NYLTEX S.A. DE C.V.

 

 

Registered Office :

Escape 36B, Col. Fraccionamiento Industria Alce Blanco 53370 Naucalpan

 

 

Country :

México

 

 

Date of Incorporation :

24.01.1990

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Import, purchase and sale of fabrics.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Identification  

 

CORRECT COMPANY NAME

:

GRUPO NYLTEX S.A. DE C.V.

TRADE NAME

:

"GRUPO NYLTEX"

TAXPAYER REGISTRATION

:

RFC GNY-900124-K70

MAIN ADDRESS

:

Escape 36B, Col. Fraccionamiento Industria Alce Blanco

POSTAL CODE

:

53370

CITY

:

Naucalpan

DEPARTMENT/STATE

:

México

COUNTRY

:

MEXICO

TELEPHONE

:

55762533 - 53594066 - 53594690

FAX

:

55768093

WEB SITE

:

www.nyltex.com

 

 

COMMENTS

 

Other e-mail:

erikatapia@nyltex.com

 

 

SUMMARY

 

FOUNDATION               : 1990

LAST CAPITAL                        : No specfied

SALES                         : 0.00

EMPLOYEES               : 80

PAYMENTS                  : Usually to terms/good

CHIEF EXECUTIVE       : NISSAN LEVY, RAFAEL

DISPOSITION                : PARTIAL (Full information but no figures).

 

Leagl backgrounds

 

LEGAL ESTATUS

:

Stock Company of Variable Capital

DATE OF INCORPORATION

:

24JAN1990

START OF OPERATIONS

:

N/A

REGISTERED IN

:

México DF

NOTARY OFFICE

:

N/A

DURATION

:

99 years

REGISTRATION

:

N/A

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

No specfied

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

N/A

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

N/A

CURRENT EXCHANGE RATE

:

Ps$13.44 per USD1.00

MEMBERSHIP

:

Cámara Nacional de Comercio, Servicios y Turismo de Naucalpan

 

COMMENTS .-

Personal information of the executives was not disclosed under confidentiality.

 

The Company is a member of the National Chamber of Commerce, Services and Tourism of Naucalpan.

 

 

Directors/executive/shareholders

 

FULL NAMES / COMPANY NAME

TITLE

NISSAN LEVY, RAFAEL

Director General

NISSAN ABENTUCH, MAURICIO

Purchase Manager

LEVY CAMHI, RAFAEL

Sales Manager

 

 

Business history

 

GRUPO NYLTEX S.A. DE C.V. is a Mexican compamy formed on January 24, 1990 , having no changed its legal stautus since it was incorporated.

 

GRUPO NYLTEX is not related to any other company.

 

 

Business

 

MAIN ACTIVITY .-

Import, purchase and sale of fabrics.

IMPORT            : Yes

                        Taiwan, China and India; 90 and 120 days

EXPORT           : No

% CASH SALES/METHOD

:

30%

% CREDIT SALES/TERMS

:

70% at 60 and 90 days

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

N/A

SELLING TERRITORY

:

Mexican market - 100%

EMPLOYEES

:

About 80

 

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

N/A

 

Remarks and other Premises .-

Headquarters, sales. Warehouse are located at the above address.

Premises are located between 16 de Septiembre and 1° de Mayo, genuinely industrial area of the municipality.

 

The Company has no other premises.

COMMENTS .-

Clients: The Company sells to shirt sector of the country.

 

 

Financial information

 

Interviewee(s)

:

Erika Tapia Hernández

Position(s)

:

Assistant to the Director General

Cooperation

:

PARTIAL (Full information but no figures).

Information Provided

:

We could contact Erika Tapia Hernández (Assistant to the Director General) who provided the information contained in this report. She said she will talk to Rafael Nissan Levy because maybe he could provide more information about the Company.  Other sources were consulted but no balance sheets or estimated accounting elements could be obtained.

 

 

INSURANCE .-

Company

Againts

Amount

Expiration

 Integra Agente de Seguros y de Fianzas

N/A

N/A

N/A

 

 

Payments record

 

TRADE REFERENCES .-

Supplier

Country

Tel.

Line of Credit

Monthly Average

Terms(days)

Perfomance?

Time

Products/Services

HILATURAS ASTRAL S.A. DE C.V

MEXICO

(55) 58451083

 No specified

N/A

45 days

N/A

Sv.years

Fabrics

 

NOTE: Other Suppliers did not provide information or could not be consulted.

Supplier

Country

Tel.

SOLTEX ENTERPRISE CO. LTD.

TAIWAN

N/A

INFOTEX ENTERPRISE LTD

TAIWAN

N/A

KAYBEE EXIM PTE., LTD.

CHINA

N/A

 

 

banking information

 

BANKERS .-

Bank

Contact

Telephone

Account #

DC (S/.)

FC (US$)

BANCO SANTANDER (MÉXICO) S.A

N/A

N/A

N/A

N/A

N/A

BBVA BANCOMER S.A.

N/A

N/A

N/A

N/A

N/A

HSBC MÉXICO S.A.

N/A

N/A

N/A

N/A

N/A

Under bank secrecy, the above entities declined to give information about their clients.

 

 

Credit opinión

 

Requested Credit :        MAX

A credit opinion can not be given due to the lack of financials and payment experience.

NOTE: The Opinion given is confidential referential and with out liability

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.92

UK Pound

1

Rs.76.52

Euro

1

Rs.66.64

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.