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Report Date : |
23.11.2012 |
IDENTIFICATION DETAILS
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Name : |
URREA DANDO VIDA AL AGUA S.A. DE C.V. |
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Registered Office : |
Roberto Michel 825, |
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Country : |
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Date of Incorporation : |
24.10.1980 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
This Subject is engaged in the purchase, sale, distribution, import and
export of all kinds of bathroom and kitchen items such as faucets, valves,
accessories and spare parts. |
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No. of Employees : |
234 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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.
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Source : CIA |
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CORRECT COMPANY NAME |
URREA DANDO VIDA AL AGUA S.A. DE C.V. |
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TAXPAYER REGISTRATION |
RFC UDV0803031TI |
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MAIN ADDRESS |
Roberto Michel 825, Col. San Carlos, Sector Reforma |
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POSTAL CODE |
44460 |
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PROVINCE / DEPARTAMENT |
Guadalajara |
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STATE / REGION |
Jalisco |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5233) 36683200 |
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E-MAIL |
oscar@grupourrea.com.mx |
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WEB |
www.urrea.com.mx |
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LEGAL BACKGROUNDS
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
24OCT1980 |
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PLACE OF REGISTRY |
Guadalajara, Jalisco |
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NOTARY OFFICE |
Fernando Salmeron Canales |
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DURATION |
99 years |
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REGISTRATION |
Notarial Act 547. Page 42567 |
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INITIAL CAPITAL |
Ps$.2,284,334.= Pesos |
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CURRENT PAID-IN CAPITAL |
Ps$.2,284,334.= Pesos |
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CLASS OF SHARES |
Registered |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$13.06 per US$1.00 |
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COMMENTS |
Shareholders of the Company are: - Asesoria y Desarrollos Urrea,
S.A. de C.V. - Grivatex, S.A. de C.V.
- Valvulas y Complementos, S.A.
de C.V. However, ownership structure was not specified. Guillermo Urrea Carroll and Fernando Salmeron Canales are authorized
to sign negotiable instruments. |
DIRECTORS - EXECUTIVES –
SHAREHOLDERS
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WHO IS WHO?
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URREA CARROLL, GUILLERMO |
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NATIONALITY |
Mexican |
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CIVIL STATUS |
Married |
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PROFESSION |
Businessman |
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BACKGROUND INFORMATION |
Born in Guadalajara, Jalisco. |
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ASSOCIATED AS PER OUR DATABASE TO |
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URREA VILLASEÑOR, RAUL |
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NATIONALITY |
Mexican |
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ASSOCIATED AS PER OUR DATABASE TO |
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RAMIREZ URREA, JUAN CARLOS |
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NATIONALITY |
Mexican |
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BUSINESS HISTORY
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The Company was incorporated on
24/10/1980 under the name VALCO S.A. DE C.V. (Tax ID (RFC): VAL-801024-2F5). In March 2008, it changed to the current name: URREA DANDO VIDA AL
AGUA S.A. DE C.V. |
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RELATED COMPANIES TO SUBJECT
COMPANY OR TO MAJORITY SHAREHOLDER
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BUSINESS
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Main activity |
This Company is engaged in the purchase, sale, distribution, import and
export of all kinds of bathroom and kitchen items such as faucets, valves,
accessories and spare parts. Wholesale - 100% Brands: URREA |
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Import |
Yes |
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Country |
(From Italy, Thailand, Chile, Colombia, Germany, Spain, Brazil, and
China) |
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Export |
Yes |
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COUNTRY |
United States; Central and South America |
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% CASH SALES / METHOD |
30% |
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% Credit SALES / Terms |
70% (Terms: 30 to 45 days) |
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% Ventas exterior (Paises) |
20% |
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% DOMESTIC PURCHASES |
10% |
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% FOREIGN PURCHASES |
90% |
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SELLING TerritorY |
Domestic and foreign markets |
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EMPLOYEES |
234 |
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Comments |
BUSINESS PURPOSE: Importation,
exportation, acquisition, sale and negotiation of every kind of plumbing fixtures,
valves, furniture, equipment, machinery, bathroom and kitchen devices, spares
and related accessoriess relacionados con el giro. Clients: Distributors,
wholesalers and retailers Payroll: In-house employees: |
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FINANCIAL INFORMATION
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Disposition |
Report totally prepared by outside sources. |
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Information provided |
No information could be obtained from the Company directly. Hence, we have prepared this report based on data collected from third-party
sources where no balance sheets or estirmated accounting figures were
available. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINED Financial Condition of the Company is considered to be INDETERMINED since
no accounting figures were available to assess its current results. |
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Property of company comments |
They include: Office furniture and fixtures Computers |
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
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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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LAWSUITS No legal actions have been filed against this Company. |
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BANKERS BANCO NACIONAL DE MEXICO |
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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.55.16 |
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1 |
Rs.88.03 |
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Euro |
1 |
Rs.70.86 |
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 |
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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.