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Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
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Name : |
HILATURAS PARRAS S.A. DE C.V. |
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Registered Office : |
Calle D, Lote 2, Manzana 8, Col. , Postal Code 72220, Puebla |
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Country : |
Mexico |
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Date of Incorporation : |
12.06.1992 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in production and
trading of yarns and fabrics |
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No. of Employees : |
140 approx. employees |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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CORRECT COMPANY NAME |
HILATURAS PARRAS
S.A. DE C.V. |
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TRADE NAME |
HILAPAR |
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TAXPAYER REGISTRATION |
RFC HPA920612DA0 |
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MAIN ADDRESS |
Calle D, Lote 2, Manzana 8, Col. |
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POSTAL CODE |
72220 |
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PROVINCE / DEPARTAMENT |
Puebla |
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STATE / REGION |
Puebla |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52222) 2233423 - 2233400 |
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E-MAIL |
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WEB |
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COMMENTS |
Additional E-mails: marketing@parras.com.mx ; customerservice@parras.com.mx
; rh@parras.com.mx |
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Date of foundation |
1992 |
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permanent employees |
140 approx. |
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Chief Executive |
MORALES, ROGELIO |
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Disposition |
Poor.- Only general information without
figures. |
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Payments policy |
Without rating (No payment experience
traced) |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
12JUN1992 |
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PLACE OF REGISTRY |
Puebla, Puebla |
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NOTARY OFFICE |
No.40, Lic.Carlos Prieto A. |
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DURATION |
99 years |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$13.06 per US$1.= Dollar |
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COMMENTS |
Hilapar is a 100% Mexican company that started
operating on 12/06/1992 in the city of Puebla, Puebla, and to date its legal
status has not been changed. It is a member of the Chamber of the
Textile Industry of Puebla/Tlaxcala (CITEX) and National Chamber of
Dressmaking Industry (CANAIVE). |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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MORALES, ROGELIO |
Tax Analyst |
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ROJAS, CATALINA |
Purchasing Manager |
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MORALES, ROGELIO |
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NATIONALITY |
Mexican |
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PROFESSION |
Chartered Accountant |
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ROJAS, CATALINA |
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NATIONALITY |
Mexican |
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PROFESSION |
University Graduate |
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Subject is a member of the business group
GFM. GFM has had a very significant growth by venturing in different areas, such as mining, textile, power generation, trading of machinery, and mining recycling. It has also diversified to areas of real estates and hotel business, development of agricultural products, and a cynergetic farm. Subject is directly related to GFM Textiles Parras S.A. de C.V. (It has four denim plants and an installed capacity of about 100 million linear meters per year. Tax ID: GTP0612138P2). |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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SIC
Classification |
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Main activity |
Subject is engaged in production and
trading of yarns and fabrics. |
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Import |
Yes |
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Country |
Italy; by direct credit |
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Export |
Yes |
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COUNTRY |
Countries were not specified. |
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% Credit SALES / Terms |
100% (Terms: 60 and 90 days) |
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% DOMESTIC PURCHASES |
90% |
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% FOREIGN PURCHASES |
10% |
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SELLING TerritorY |
100% (Domestic market) |
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EMPLOYEES |
140 approx. |
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Comments |
Customers: Local textile companies. |
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Interviewee(s) |
Rogelio Morales |
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Position(s) |
Tax Analyst |
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Disposition |
Poor.- Only general information without
figures. |
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Information provided |
We interviewed Mr. Rogelio Morales (Tax Analyst),
who provided information included in this report. He refused to provide any
balance sheets and mentioned that under instructions from his superiors, he
could not provide more information as it is confidential. Additionally, we consulted other third-party
sources and official to supplement this report; however, we could not obtain
any balance sheets or estimated figures. |
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SALES |
US$ 0.00 () |
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Property of company comments |
Subject's assets include: - Office furniture and fittings - Computer equipment - Machinery and equipment - Vehicles |
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Insurance Comments |
It was not obtained any information on
insurances. |
TRADE REFERENCES,
CREDIT BUREAU, LAWSUITS, BANKS
(Confidential Information)
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TRADE REFERENCES |
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Note : Other
suppliers did not provide information or could not be consulted |
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BANKERS BBVA Bancomer S.A. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.19 |
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UK Pound |
1 |
Rs.87.65 |
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Euro |
1 |
Rs.69.16 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.