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Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
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Name : |
GRUPO PARISINA S.A. DE C.V. |
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Registered Office : |
Venustiano Carranza 77, Col. Centro, Deleg. Cuauhtémoc
06000 |
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Country : |
Mexico |
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Date of Incorporation : |
30.01.1933 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Importation, purchase and sale of furnishing fabrics,
dress fabrics, haberdashery, crafts, fashion fabrics, sport fabrics, uniform
fabrics, curtain fabrics, fabrics for clothing, national and imported
fabrics. |
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No. of Employees : |
11,500 |
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 (31.03.2012) |
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 |
GRUPO
PARISINA S.A. DE C.V. |
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TRADE NAME |
TELAS
PARISINA |
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TAXPAYER REGISTRATION |
RFC GPA930101Q17 |
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MAIN ADDRESS |
Venustiano Carranza 77, Col.
Centro, Deleg. Cuauhtémoc |
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POSTAL CODE |
06000 |
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PROVINCE / DEPARTAMENT |
Mexico DF |
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STATE / REGION |
Distrito Federal |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 51303200 - 55122313 |
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E-MAIL |
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WEB |
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COMMENTS |
This report was ordained under the name Paris Group Address: Boulevard Puerto Aereo Lot 1 Predio The Exhonkienda Mabavillas SantinNote the correct name and address are those that indicateToll Free Call: 01800 7274 7462 'o 01800 PARISINAOther e-mails:jjsierrar@laparisina.com.mx jlagonzalezf@laparisina.com.mx rsierra@laparisina.com.mx |
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LEGAL STATUS |
Stock Company of Variable
Capital |
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DATE OF INCORPORATION |
30JAN1933 |
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PLACE OF REGISTRY |
Mexico DF |
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NOTARY OFFICE |
Emilio Roa |
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DURATION |
99 years |
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REGISTRATION |
Nº378 of Book III, Volume 84,
Page 138 |
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CURRENT PAID-IN CAPITAL |
Ps$14,420,000.= Pesos |
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LAST CAPITAL INCREASE |
December 2000 (latest
reported) |
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CLASS OF SHARES |
Registered |
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LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
Ps$1.= Peso |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.84 per USD.1.00 |
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COMMENTS |
Personal information of the executives was not disclosed but found out they are Mexicans.Shareholders structure was not specified either. |
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SIERRA
ESNAL, JUAN JOSE |
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NATIONALITY |
Mexican |
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ASSOCIATED AS PER OUR DATABASE TO |
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TELAS PARISINA has a great tradition that began in 1933 when they opened the first store of fine cloth fabric in Mexico with an area of 220 m2. At that time, it was formed under the name PARISINA S.A.In 1973 they opened the first branch in the streets Calle 20 de Noviembre and Uruguay.Two years later, in 1975, they opened a second branch in the streets Venustiano Carranza and took the first step, in the city of Guadalajara to create a chain of stores, which began to grow in 1976 with the opening of a branch in Tampico and, in 1978, another one in the city of Puebla.Today Parisina stores are present in all states of the Republic.Nowadays, they have 220 branch stores, with an annual grow of 12.5 % on average. As from November 24th, 1982, Parisina SA changed its name to Parisina S.A. de C.V.On January 30th, 1992, Parisina SA de CV changed its name to Grupo Parisina SA de CV. |
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Main activity |
Importation, purchase and sale of furnishing fabrics, dress fabrics, haberdashery, crafts, fashion fabrics, sport fabrics, uniform fabrics, curtain fabrics, fabrics for clothing, national and imported fabrics. |
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Import |
Yes |
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Country |
United
States, Spain, China; payments made in cash |
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Export |
No |
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% CASH SALES / METHOD |
100% |
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% DOMESTIC PURCHASES |
70% |
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% FOREIGN PURCHASES |
30% |
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SELLING TerritorY |
Mexican
market - 100% |
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EMPLOYEES |
About
11,500 |
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Comments |
Clients: General public
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Interviewee(s) |
José Luis González Fuentes |
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Position(s) |
Controller |
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Disposition |
Poor.- Only general
information without figures. |
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Information provided |
Mr. González Fuentes (Controller), supplied the information contained in this report, except for the financials due to their confidential nature.We searched other sources but no balance sheets or estimated accounting figures were available. |
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SALES |
US$
0.00 () |
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FINANCIAL SITUATION |
UNDETERMINEDFinancial standing is deemed to be indeterminate as no accounting elements were available to assess this Company's results at present. |
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Property of company comments |
They include:Office furniture and fixturesComputersVehiclesCash RegistersMetal racksShowcasesamong other. |
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INSURANCE |
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TRADE REFERENCES, CREDIT BUREAU,
LAWSUITS, BANKS
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Note
: Other suppliers did not provide information or could not be consulted |
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CREDIT
HISTORY The other suppliers did not provide references. |
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BANKERS BANCO NACIONAL DE MÉXICO S.A.HSBC MÉXICO S.A.The Company deals with the above banks. Further information was not available due to privacy policy. |
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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.51.61 |
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1 |
Rs.83.57 |
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Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.