MIRA INFORM REPORT

 

 

Report Date :           

12.01.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

TEXTGLOBAL S.A. DE C.V.

 

 

Registered Office :

San Luis Gonzaga No. 4671, Col. Camino Real,, 45,040, Zapopan, Jalisco

 

 

Country :

Mexico

 

 

Date of Incorporation :

24.01.2011

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Subject engaged in import and marketing of general merchandise

 

 

No. of Employees :

6

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

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 30th, 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

TEXTGLOBAL S.A. DE C.V.

TRADE NAME

TEXTGLOBAL

TAXPAYER REGISTRATION

RFC TEX-110124-MV4

MAIN ADDRESS

San Luis Gonzaga No. 4671, Col. Camino Real,

POSTAL CODE

45,040

PROVINCE / DEPARTAMENT

Zapopan

STATE / REGION

Jalisco

COUNTRY

MEXICO

TELEPHONE

(5233) 36474023

E-MAIL

importaciones.mexico@hotmail.com

WEB

Nil

COMMENTS

 
Fax: (5233)  36474023
 
Other email: 
delatorre91@hotmail.com

 

SUMMARY

Capital stock

No specified

permanent employees

Subject employs 6 people in general.

Chief Executive

DE LA TORRE AVALOS, GONZALO

Disposition

Poor.- Only general information without figures.

Payments policy

(No payment experience traced)

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

24JAN2011

PLACE OF REGISTRY

Guadalajara, Jalisco

DURATION

99 years

CURRENT PAID-IN CAPITAL

No specified

CURRENT EXCHANGE RATE (US$)

Ps$13.60 per 1.00 USADollar

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

DE LA TORRE AVALOS, GONZALO

Director General

 

 

RODRÍGUEZ CASTELLANO, CARLOS

Legal Representative

 

 

 

 

WHO IS WHO?

 

DE LA TORRE AVALOS, GONZALO

NATIONALITY

Mexican

 

 

 

 

RODRÍGUEZ CASTELLANO, CARLOS

NATIONALITY

Mexican

 

BUSINESS HISTORY

 

 
TEXTGLOBAL S.A. DE C.V. is a 100% company that was incorporated on January 24, 2011 in the city of Zapopan, Jalisco, and since its foundation has not changed its legal structure.
 
The Subject is related to these companies:
-Aloin S.A. de C.V. (RFC: ALO-081125-RH2)
-Ocean Freighth Carriers S.A. de C.V. (RFC: OFC-1004283-W5)

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

ALOIN S.A. DE C.V.

MEXICO

ALO-081125-RH

Related

OCEAN FREIGHTH CARRIERS S.A. DE C.V.

MEXICO

OFC-1004283-W5

Related

 

 

BUSINESS

 

Main activity

 
The company is engaged in import and marketing of general merchandise (currently only footwear and textiles are being imported by the subject ).

Import

Yes

Country

from China, Taiwan, Hong Kong, etc.., through direct credit .

Export

No

% CASH SALES / METHOD

01%

% Credit SALES / Terms

99% (terms: 30 days)

% FOREIGN PURCHASES

100%

SELLING TerritorY

100% National , local

EMPLOYEES

Subject employs 6 people in general.

LOCATION

OTHER PREMISES

 
The above listed address corresponds to the administrative offices and the tax domicile of the company. 
Premises description: It is a single-story house which has an area of 200 square meters and as reference is located between San Nicolás de Bari street and the street Santa Catarina de Siena, within an urban area of the city. 
This house is rented from a third party and the premises is shared with the related company Ocean Freight Carriers S.A. de C.V., and each one pays Ps$ 5,000 pesos per month as rent (Total rent is Ps$ 10,000 Pesos). 
 
OTHER LOCATION: The company has no other premises

Comments

 
CLIENTS: Subject's main customers are manufacturers and distributors in general.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Ms. Catalina De La Torre Avalos

Position(s)

(Assistant Director General)

Disposition

Poor.- Only general information without figures.

Information provided

 
We interviewed Ms. Catalina De La Torre Avalos (Assistant Director General) who assisted us by providing the data contained in this report. 
However, she refused to provide any financial data, stated that on express orders from the Director General can not provide further trade data or any financial data as it is considered strictly confidential.

 

 

FINANCIAL SITUATION

 
UNDETERMINED
We consider the Financial Situation of the company as Undetermined because lack of financial data prevents us from assessing their current results.

Property of company comments

 
The company has: 
-Furniture and Office Equipment 
-Computer Equipment
etc.

 

 

 

 

 

INSURANCE

COMPANY

AGAINST

EXPIRATION

AMOUNT

Mapfre Tepeyac S.A. de C.V.

 

 

 

 

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

 

 

Supplier: Ofi Cinco Papelería S.A. de C.V.

Tel.: (33) 36474824.

Country: MEXICO

Goods/Services? : Stationery

 

 

Highest credit? : No

 

 

Client since? : years

Terms? : Cash

Performance? : No experience

Comments : Monthly Ave. Purchase: Ps$2,000.=

 

Supplier: Global del Pacifico Agentes Aduanales S.C.

Tel.: (867) 7132313.

Country: MEXICO

Highest credit? : No specified

 

 

Comments : Only confirmed provide customs serv

 

 

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

 

 

Supplier

Telephone

Country

Comment

Shing Ho Precision Textile Co. Ltd.

 

TAIWAN

 

Siddiqsons Limited

 

HONG KONG

 

Changxing Xin Sheng Textile Co. Ltd.

 

CHINA

 

 

 

BANKING INFORMATION

 

Bank

BBVA BANCOMER S.A.

 

The company maintains a checking account in national currency which was opened in the branch 3883, without further information.

 

 

 

 

GENERAL INFORMATION

 

REPUTATION

 

NOTHING AGAINST COMPANY

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.75

UK Pound

1

Rs.80.01

Euro

1

Rs.65.99

 

 

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.