MIRA INFORM REPORT

Report Date :

09.08.2012

IDENTIFICATION DETAILS

Name :	KAMAFIL S.A. DE C.V.
Registered Office :	Paseo de las Palmas No. 239, Piso 6 Lomas de Chapu
Country :	Mexico
Date of Incorporation :	23.02.2009
Legal Form :	Stock Company of Variable Capital
Line of Business :	Engaged in the import and sale of synthetic thread like polyester filament yarn, nylon
No. of Employees :	50

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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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

KAMAFIL S.A. DE C.V.

TRADE NAME

KAMAFIL

TAXPAYER REGISTRATION

RFC KAM090223QU9

MAIN ADDRESS

Paseo de las Palmas No. 239, Piso 6 Lomas de Chapu

POSTAL CODE

11000

PROVINCE / DEPARTAMENT

Miguel Hidalgo

STATE / REGION

México D.F.

COUNTRY

MEXICO

TELEPHONE

(5255) 50034820

E-MAIL

gerardo.aguilar@kamafil.com

WEB

www.kamafil.com

COMMENTS

Additional E-mails:
administración@kamafil.com
costos@kamafil.com

SUMMARY
permanent employees	50 approx.
Chief Executive	JABER ALGACI, RAFAEL
Disposition	Report totally prepared by outside sources.
Payments policy	Usually to terms/good
Credit (**)	Indeterminate, Information is insufficient. With no Experience.

LEGAL BACKGROUNDS

LEGAL STATUS	Stock Company of Variable Capital
DATE OF INCORPORATION	23FEB2009
PLACE OF REGISTRY	Mexico, Federal District
DURATION	99 years
LISTED AT STOCK EXCHANGE	No
CURRENT EXCHANGE RATE (US$)	Ps$13.20 per 1 USD
COMMENTS	Personal details on the company's executives were not revealed as this is considered confidential information.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
JABER ALGACI, RAFAEL	CEO
AGUILAR CORTES, GERARDO	Chief Operating Officer
ROSAS RAMÍREZ, ISABEL	Administrator
MANZOLA CERVANTES, LEYDA MASSIEL	Management Assistant
ROSAS, ISABEL	Administrative Department
BALDERAS, MARIO ABEL	Accounting Department
MEJIA, OSCAR	Sales Department
URRISTE, GABRIELA	International Purchasing
DOSTA, JOCELIN	Customer Service
MARTÍNEZ, DIANA SUSANA	Accounts Receivable
GONZALEZ, MARIBEL	Accounts Payable
VILCHIS, JORGE	Invoicing, Shipment
FLORES, ALEJANDRO FRANCISCO	Warehouse

WHO IS WHO?

JABER ALGACI, RAFAEL

NATIONALITY

Mexican

PROFESSION

Engineer

AGUILAR CORTES, GERARDO

NATIONALITY

Mexican

PROFESSION

Engineer

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
KAMATEX S.A. DE C.V.		KAM991119FW6	MEXICO

ROSAS RAMÍREZ, ISABEL

NATIONALITY

Mexican

PROFESSION

Certified Public Accountant

MANZOLA CERVANTES, LEYDA MASSIEL

ROSAS, ISABEL

BALDERAS, MARIO ABEL

MEJIA, OSCAR

URRISTE, GABRIELA

DOSTA, JOCELIN

MARTÍNEZ, DIANA SUSANA

GONZALEZ, MARIBEL

VILCHIS, JORGE

FLORES, ALEJANDRO FRANCISCO

BUSINESS HISTORY

KAMAFIL is a 100% Mexican company founded on February 23, 2009 in the city of Mexico, in order to be engaged in the import and sale of synthetic yarns like polyester filament yarn, nylon, elastane, among others.
 
Subject Company is part of "Corporativo Kamaji S.A de C.V.", which is made up of five business groups: Real Estate, Hotel and Catering business, Financial, Textile and Transport.
Subject is part of the Textile business group which is also made up of the following companies:
 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME	COUNTRY	RELATION %
ELITABEL S.A. DE C.V.	MEXICO		Related
GRUPO KHEN S.A. DE C.V.	MEXICO		Related
ZIPOREX S.A. DE C.V.	MEXICO		Related

BUSINESS

Main activity

Subject Company is engaged in the import and sale of synthetic thread like polyester filament yarn, nylon, elastane, among others.
Products: Raw polyester, mass dyed polyester, raw nylon 6, plain weave for labels, industrial polyester, latex (white and black).
 
Logo: Kamafil.

Import

Yes

Country

Thailand, Indonesia, Switzerland, India, etc. (by direct credit)

Export

No

% CASH SALES / METHOD

30%

% Credit SALES / Terms

70% (30-day terms)

% DOMESTIC PURCHASES

01%

% FOREIGN PURCHASES

99%

SELLING TerritorY

100% Domestic market

EMPLOYEES

50 approx.

OTHER PREMISES

The Administrative offices and Tax domicile operate at the main address. OTHER PREMISES: -Emiliano Zapata S/N, Lote 3, Local "B", Zona Industrial Lerma, Lerma, Estado de México, C.P. 52000, Tel: (55) 50034820, Fax: (55) 50034820 Extension 407 (Warehouse).

Comments

MAIN CLIENTS:
-Kimex S.A. de C.V.
-Fariel S.A. de C.V.
-Textivision S. de R.L. de C.V.
-Fabrica de Hilados Berri S.A. de C.V.

FINANCIAL INFORMATION

Interviewee(s)

THIRD-PARTY SOURCES

Disposition

Report totally prepared by outside sources.

Information provided

All the information contained in this report was gathered from several external sources as in the company, they directly refused to provide any kind of information about the company as it is considered confidential.
 
No balance sheet figures were provided as these are considered confidential.

SALES

US$ 0.00 ()

Property of company comments

Subject's assets include:
- Office furniture and equipment
- Computer equipment
- Transport equipment

INSURANCE

COMPANY	AGAINST	EXPIRATION	AMOUNT
Mapfre Tepeyac S.A. de C.V.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: AKRA POLYESTER S.A. DE C.V.	Tel.: (81) 88653100	Country: MEXICO
Goods/Services? : Polyester yarn
Highest credit? : DC 100,000.=
Client since? : Sev. yrs	Terms? : 30 days	Performance? : Prompt
Comments : Monthly average
Supplier: RAMPA EXPRESS DE MÉXICO S.A. DE C.V.	Tel.: (55) 53567448	Country: MEXICO
Goods/Services? : Freight service
Highest credit? : Not specified
Client since? : Sev. yrs
Comments : No further information

Note : Other suppliers did not provide information or could not be consulted

Supplier	Country	Comment
OPERADORA OMX S.A. DE C.V.	MEXICO	They refused to provide any information
INDORAMA POLYESTER INDUSTRIES PUBLIC COMPANY	THAILAND
INDO RAMA SYNTHETICS (I) LTD.	INDIA
DAYA INDUSTRIES	INDIA
SANATHAN TEXTILES PVT. LTD.	INDIA
PT INDORAMA SYNTHETICS TBX	INDONESIA
NOYFIL S.A.	SWITZERLAND

BANKERS

- BANCO SANTANDER (MÉXICO) S.A.
- BANCO MERCANTIL DEL NORTE S.A.
- BBVA BANCOMER S.A.
- HSBC MÉXICO S.A.
 
Subject is client of the above mentioned banks which do not provide further information under bank secrecy.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.14
UK Pound	1	Rs.86.00
Euro	1	Rs.68.31

INFORMATION DETAILS

Report Prepared by :

PDT

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.