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Report Date : |
06.12.2012 |
IDENTIFICATION DETAILS
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Name : |
LEVI STRAUSS DE MEXICO S.A. DE C.V. |
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Registered Office : |
Jaime Balmes 8, Int.502, Col. Los Morales Polanco, Deleg. Miguel
Hidalgo 11510 México DF Distrito Federal |
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Country : |
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Date of Incorporation : |
18.08.1966 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Manufacture and distribution of items of clothing for men and women
such as trousers, jeans, shorts, shirts, T- shirt, dresses, jackets,
sweatshirts, etc. |
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No. of Employees : |
About 370 |
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 : |
No Complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
MEXICO - ECONOMIC OVERVIEW
Mexico
has a free market economy in the trillion dollar class. It contains a mixture
of modern and outmoded industry and agriculture, increasingly dominated by the
private sector. Recent administrations have expanded competition in seaports,
railroads, telecommunications, electricity generation, natural gas
distribution, and airports. Per capita income is roughly one-third that of the
US; income distribution remains highly unequal. Since the implementation of the
North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US
imports has increased from 7% to 12%, and its share of Canadian imports has
doubled to 5%. Mexico has free trade agreements with over 50 countries
including Guatemala, Honduras, El Salvador, the European Free Trade Area, and
Japan - putting more than 90% of trade under free trade agreements. In 2007,
during its first year in office, the Felipe CALDERON administration was able to
garner support from the opposition to successfully pass pension and fiscal
reforms. The administration passed an energy reform measure in 2008 and another
fiscal reform in 2009. Mexico''s GDP plunged 6.2% in 2009 as world demand for
exports dropped, asset prices tumbled, and remittances and investment declined.
GDP posted positive growth of 5.4% in 2010 and 3.8% in 2011, with exports -
particularly to the United States - leading the way. The administration
continues to face many economic challenges, including improving the public
education system, upgrading infrastructure, modernizing labor laws, and
fostering private investment in the energy sector. CALDERON has stated that his
top economic priorities remain reducing poverty and creating jobs.
Source
: CIA
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CORRECT COMPANY NAME |
LEVI STRAUSS DE MEXICO S.A. DE C.V. |
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TRADE NAME |
LEVI STRAUSS DE MÉXICO |
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TAXPAYER REGISTRATION |
RFC LSM660818M98 |
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MAIN ADDRESS |
Jaime Balmes 8, Int.502, Col. Los Morales Polanco, Deleg. Miguel
Hidalgo |
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POSTAL CODE |
11510 |
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PROVINCE / DEPARTAMENT |
México DF |
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STATE / REGION |
Distrito Federal |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 52828400 |
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E-MAIL |
kcasillas@levi.com |
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WEB |
www.levi.com.mx |
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COMMENTS |
This report was ordered under the name: Levi Strauss & Co. Be advised that in Mexico, the Company has been incorporated under the
name LEVI STRAUSS DE MÉXICO S.A. DE C.V. Other website: www.levistrauss.com |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
18AUG1966 |
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PLACE OF REGISTRY |
Mexico DF |
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DURATION |
99 years |
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CURRENT PAID-IN CAPITAL |
No specified |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.97 per USD.1.00 |
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COMMENTS |
Membership: - American Chamber of Commerce
of México A.C. (AMCHAM)". - National Chamber of
Small-sized Commerce, Service and Tourism of the City of Mexico - National Chamber of the
Clothes Industry |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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CASILLAS, KARLA |
Accounting Manager |
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LEVI STRAUSS & CO. |
Majority Shareholder (Parent Company) |
100% |
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LEVI STRAUSS & CO. |
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BUSINESS BACKGROUND Levi Strauss & Co.; is a manufacturer of items of clothing,
globally well-known for its brand Levi's (jeans). It was founded in 1853 in
Sacramento (California, United States) by Levi Strauss, a Jewish immigrant
from Buttenheim, in the region of Franconia, Bavaria, south of Germany. Head Offices are located at: 1155 Battery St., San Francisco, CA,
94111 United States, Tel: (415) 501-6000. |
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Levi Strauss de México is a Mexican fully controlled by American
capital, founded in 1966 by the Parent Company to serve the Mexican market.
The Company is a subsidiary of LEVI STRAUSS & CO. a company that
since 1852 is engaged in the manufacture and trading of jeans and casual
clothes under its brands: Levi's®, Dockers® and Slates®.
Today, Levi Strauss & Co.is present in over 110 countries with
genuine products of multiple influences, which combine style and functionality
to the most original fashion trends of the universe.
The company employs a staff of approximately 1,300 people at its
headquarters in San Francisco, California and about 17,000 people worldwide.
At present, it has 21 production facilities and 25 customer support
centers worldwide. Levi Strauss usually manufactures its products in regions
where they are sold.
The other subsidiaries of Levi Strauss & Co. are:
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COMPANY NAME |
COUNTRY |
RELATION % |
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LEVI STRAUSS & CO. |
U.S.A. |
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Majority Shareholder (Parent Company) |
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LEVI STRAUSS (U.K.) LTD |
UNITED KINGDOM |
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Related |
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LEVI STRAUSS DE ESPAÑA S.A. |
SPAIN |
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Related |
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LEVI STRAUSS DO BRASIL INDUSTRIA E COMERCIO LTDA. |
BRAZIL |
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Related |
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LEVI STRAUSS GERMANY GMBH |
GERMANY |
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Related |
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LEVI STRAUSS INTERNATIONAL, INC. |
U.S.A. |
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Related |
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LEVI STRAUSS ITALIA S.R.L. |
ITALY |
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Related |
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LEVI STRAUSS POLAND SP. Z.O.O. |
POLAND |
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Related |
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LEVI'S ONLY STORES, INC. |
U.S.A. |
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Related |
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LS JAPAN LTD |
JAPAN |
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Related |
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Main activity |
Manufacture and distribution of items of clothing for men and women
such as trousers, jeans, shorts, shirts, T- shirt, dresses, jackets,
sweatshirts, etc. Trademarks: LEVI'S; DOCKERS; DENIZEN |
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Import |
Yes |
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Country |
Vietnam, Brazil; direct credit |
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% CASH SALES / METHOD |
100% (general public at stores) |
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% Credit SALES / Terms |
100% (at department stores at 30, 60 days) |
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% DOMESTIC PURCHASES |
50% |
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% FOREIGN PURCHASES |
50% |
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SELLING TerritorY |
Mexican market - 100% |
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EMPLOYEES |
About 370 |
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Comments |
Clients: The Company sells products through main department stores,
among them: -Distribuidora Liverpool S.A. de C.V. -Suburbia S. de R.L. de C.V. -El Palacio de Hierro S.A. de C.V. Besides, it serves general public, through Levis®, stores: -Huixquilucan Levi´s® Store Interlomas -Tlaquepaque Levi´s® Store TQPQ -Cuauhtémoc Levi's Buenavista -Acapulco de Juárez Levi's® Shop Acapulco -ExHacienda de Coapa Levi's® Shop Galerías Coapa -Aguascalientes Levi's® Shop Aguascalientes -Distrito Federal Levi's® Shop Santa Fe -Distrito Federal Levi's® Shop Coyoacán -Metepec Levi's® Shop Metepec -Ecatepec Levi's® Shop Ecatepec -Atizapán de Zaragoza Levi's® Shop Atizapán -Zapopan Levi's® Shop Plaza Andares among other, and through Dockers® stores: -Estado de México Dockers® Store Paseo Interlomas -Distrito Federal Santa Fe -Distrito Federal Coyoacán -Distrito Federal Universidad -Distrito Federal Galerías Coapa -Distrito Federal Perisur -Distrito Federal (DF) Tezontle -Atizapán Atizapán -Naucalpan Satélite -Naucalpan Mundo E -Monterrey Galerías Monterrey -Monterrey Valle Oriente Monterrey among other |
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Disposition |
Report totally prepared by outside sources. |
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Information provided |
All the information contained in this report has been collected from
different sources as people at the Company refused to provide information and
far from it the financials due to their confidential nature. Other sources were consulted, but no
balance sheets or estímated accounting figures were available. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINED As no accounting elements were available, it is not possible to get a
clearer vision of the financial potential of this Company. |
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Property of company comments |
They include: - Office furniture and fixtures - Computers - Vehicles |
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
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TRADE REFERENCES |
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Supplier: DAMCO LOGISTICS MÉXICO S.A. DE C.V. |
Tel.: (55) 50109350 |
Country: MEXICO |
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Goods/Services? : Logistics services |
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Highest credit? : No specified |
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Client since? : Sv.years |
Terms? : 15 days |
Performance? : Prompt |
Note : Other suppliers did not provide information or could not be
consulted
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Supplier |
Country |
Comment |
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SAIGON3 GARMENT JOINT STOCK COMPANY |
VIETNAM |
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LEVI STRAUSS DO BRASIL INDUSTRIA E COMERCIO LT |
BRAZIL |
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GDM ENTERPRISE CO.,LTD VENG SRENG |
CAMBODIA |
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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.54.57 |
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1 |
Rs.87.90 |
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Euro |
1 |
Rs.71.53 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
-- |
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.