MIRA INFORM REPORT

 

 

Report Date :

05.04.2012

 

IDENTIFICATION DETAILS

 

Name :

HILATURAS HIDALGO Y LA AURORA S.A. DE C.V.

 

 

Registered Office :

Gustavo Baz 298, Col. San Jeronimo Tepetlacalco, 54090

 

 

Country :

Mexico

 

 

Date of Incorporation :

15.08.1983

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Manufactures wool fabrics and blend fabrics.

 

 

No. of Employees :

Not Available

 

 

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 :

Unknown

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

HILATURAS HIDALGO Y LA AURORA S.A. DE C.V.

TRADE NAME

HILATURAS HIDALGO Y LA AURORA

TAXPAYER REGISTRATION

RFC HHA-830815-4X0

MAIN ADDRESS

Gustavo Baz 298, Col. San Jeronimo Tepetlacalco

POSTAL CODE

54090

PROVINCE / DEPARTAMENT

Municipio Tlalnepantla de Baz

STATE / REGION

Estado de Mexico

COUNTRY

MEXICO

TELEPHONE

(5255) 53983669

E-MAIL

hilaturas@prodigy.net.mx

COMMENTS

 
 
Other email: doloresm@prodigy.net.mx

 

SUMMARY

 

 

Date of foundation

1983

Chief Executive

MORERA MITRE, JUAN RAMON

Disposition

Report prepared through third-party sources.

Payments policy

Without rating (No payment experience traced)

Credit (**)

Risk is High. Secured credits and follow-up are recommended. Extended.

 

 

 

LEGAL BACKGROUNDS

 

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

15AUG1983

PLACE OF REGISTRY

Mexico DF

DURATION

99 years

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$12.78 per USD.1.00

COMMENTS

 
Personal information of the executives was not disclosed under confidentiality.

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

MORERA MITRE, JUAN RAMON

Director General

 

 

MORERA SOLERNOU, JUAN

Assistant Director

 

 

SANTIAGO GARCIA, JAVIER

General Accountant

 

 

 

 

 

WHO IS WHO?

 

MORERA MITRE, JUAN RAMON

NATIONALITY

Mexican

PROFESSION

Engineer

BACKGROUND INFORMATION

 
Graduated from Universidad Iberoamericana DF (1975-1979).
Director of Novolan SA de CV.

MORERA SOLERNOU, JUAN

NATIONALITY

Mexican

SANTIAGO GARCIA, JAVIER

NATIONALITY

Mexican

 

 

BUSINESS HISTORY

 

HILATURAS HIDALGO Y LA AURORA S.A. DE C.V. is a Mexican company founded on August 15th., 1983 in the City of Mexico in order to operate in the textile market in the country.

 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

 

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

NOVALAN S.A. DE C.V.

MEXICO

NOV-831220-LC9

Related

 

 

 

BUSINESS

 

 

Main activity

 
The Company manufactures wool fabrics and blend fabrics.

Import

Yes

Country

Germany, India; through direct credit

Export

No

% CASH SALES / METHOD

50%

% Credit SALES / Terms

50% (within 30, 45 and 60 days)

% FOREIGN PURCHASES

100%

SELLING TerritorY

Domestic market - 100%

LOCATION

OTHER PREMISES

 
The plant of the Company is located at: Carretera Tulancingo - Huapalcalco No 1510, Col. Caltengo, C.P. 43,626, Tulancingo, Hidalgo, Tel: (775) 7551123, Fax: (775) 7530389

Comments

 
Main client: NOVALAN S.A. DE C.V.
 
The Company has no payroll of its own; related companies provides personnel services

 

 

 

FINANCIAL INFORMATION

 

 

Interviewee(s)

OUTSIDE SOURCES

Disposition

Report prepared through third-party sources.

Information provided

 
They ignore our request. The Accountant instructed an employee to told us they would not give any information about the Company due to its confidential nature.
Hence, this report has been prepared based on the information collected from third-party sources where no balance sheets or estimated accounting elements could be obtained.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
UNDETERMINED
As no accounting elements were available, it is not possible to get a clearer vision of the financial potential of this Company. Financial standing is deemed to be indeterminate.

Property of company comments

 
They include: 
 
- Office equipment and fixtures
- Computers
- Textile machinery and equipment
- Vehicles
etc.

Insurance Comments

 
Information unavailable.

 

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

 

Supplier

Country

Comment

CIBA ESPECIALIDADES QUIMICAS S.A. DE C.V.

MEXICO

It was not possible to contact

CROSS TRADE GMBH

GERMANY

 

ARVIVA INDUSTRIES (INDIA) LIMITED

INDIA

 

 

 

 

BANKING INFORMATION

 

 

Bank

BANCO NACIONAL DE MEXICO S.A.

 

The Company deals with the above bank, Further information was not given under confidentiality.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.04

UK Pound

1

Rs.81.08

Euro

1

Rs.67.39

 

 

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.