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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
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Name : |
IMPRESION Y DISEÑO DE MEXICO S.A. DE C.V. |
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Registered Office : |
Carretera Base Aérea 1002, Nave A-2, Col. San Juan de Ocotlan y/o Parque Industrial Ferrán 45019 Zapopan Jalisco |
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Country : |
Mexico |
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Date of Incorporation : |
05.04.1998 |
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Legal Form : |
Stock Company of Variable Capital |
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line of business
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Manufacture and Printing of all kind of labels, self-adhesive labels,
heat shrinkable labels, packagings and envelopes of different materials
(paper, special film). |
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No. of Employees : |
over 100 |
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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Maximum Credit Limit : |
In absence of financials we cannot provide credit limit |
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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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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 |
IDENTIFICATION
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CORRECT COMPANY NAME |
IMPRESION Y DISEÑO DE MEXICO S.A. DE C.V. |
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TRADE NAME |
IMPREDIMEX |
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TAXPAYER REGISTRATION |
RFC IDM980405GE7 |
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MAIN ADDRESS |
Carretera Base Aérea 1002, Nave A-2, Col. San Juan de Ocotlan y/o
Parque Industrial Ferrán |
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POSTAL CODE |
45019 |
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PROVINCE / DEPARTAMENT |
Zapopan |
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STATE / REGION |
Jalisco |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5233) 36820882 through 87 |
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E-MAIL |
acmc@impredimex.com |
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WEB |
www.impredimex.com |
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COMMENTS |
Free Toll Phone: 018000544259 Additional E-mail: idm@impredimex.com;
ventas@impredimex.com; contabilidad@impredimex.com; administración@impredimex.com; adventas@impredimex.com;
rh@impredimex.com |
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LEGAL BACKGROUNDS
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
05APR1998 |
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PLACE OF REGISTRY |
Zapopan, Jalisco |
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DURATION |
99 years |
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CURRENT PAID-IN CAPITAL |
Not specified |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.90 per US$1.= Dollar |
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COMMENTS |
Impresión y Diseño de México S.A. de C.V. is a 100% Mexican company. Its manufacturing system relies on flexography, a process that allows
for many copies to be printed at lower costs, counting with technology which
allows to offer better quality in the printing of self-adhesive labels,
wrapping labels with different material and finish system, as well as colour
priting (from 1 to 8 inks) and colour selection of 150 water based lines and UV
inks. It also provides additional services, such as digital printing of
photographic quality labels, and it has authorization from Underwriters
Laboratories Inc. for endless supply of papers and special films used by the
industries. |
DIRECTORS - EXECUTIVES – SHAREHOLDERS
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WHO IS WHO?
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CALDERON MUÑOZ DE CORTE, ANGEL |
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NATIONALITY |
Mexican |
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MENESES FLORES, CARLOS A. |
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NATIONALITY |
Mexican |
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BACKGROUND INFORMATION |
Graduate university. |
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PACHECO SOTELO, MARGARITA |
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NATIONALITY |
Mexican |
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FLORES AYALA, MARCOS |
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NATIONALITY |
Mexican |
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HERNANDEZ SALCEDO, LAURA |
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NATIONALITY |
Mexican |
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LOPEZ, MARIA EUGENIA |
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NATIONALITY |
Mexican |
BUSINESS HISTORY
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Subject is not related to any other companies. |
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BUSINESS
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Main activity |
Subject is engaged in manufacture and printing of all kind of labels,
self-adhesive labels, heat shrinkable labels, packagings and envelopes of
different materials (paper, special film). Brand: Impredimex ® (own). |
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Import |
Yes |
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Country |
USA; by direct credit |
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Export |
No |
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% CASH SALES / METHOD |
40% |
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% Credit SALES / Terms |
60% (30-day terms) |
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% DOMESTIC PURCHASES |
50% |
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% FOREIGN PURCHASES |
50% |
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SELLING TerritorY |
100% (Domestic market) |
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EMPLOYEES |
over 100 |
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Comments |
The subject has 80 employees working in 3 workshifts 26 days of the
month. Installed capacity: 400,000 sqm per month of self-adhesive labels and 60
tonnes of heatshrink labels. Subject's main customers include: - Squirt - Jarochito - Brisa - Jarritos - Lala - Suprema - Leche Querétaro - La Holandesa - Tequilera Newton - Mexlub - Elef Lubricantes - Imex Industrial - Texaco - Bebere - Normex - San Antonio - Bonafont - Tequilas Del Señor - Caballitos etc. |
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FINANCIAL INFORMATION
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Interviewee(s) |
Ms. Margarita Pacheco Sotelo |
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Position(s) |
Administrative Manager |
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Disposition |
Poor.- Only general information without figures. |
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Information provided |
We interviewed Ms. Margarita Pacheco Sotelo (Administrative Manager),
who provided information included in this report. She said that she would ask for authorization to the General Director
to provide additional information. We consulted third-party sources and official to supplement this
report; however, it was not found any updated balance sheets. |
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SALES |
US$ 0.00 () |
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Property of company comments |
Subject's main assets include: Machinery - COMCO 10" 4 Colors - MARK ANDY 7"3 Colors - MARK ANDY 10" 6 Colors - AQUAFLEX 10" 6 Colors - AQUAFLEX 10" 8 Colors - COMCO 18" 8 inks - AQUAFLEX 18" 7 inks - NILPETER 13" 8 Printing Stations - Equipment for finishing of plastic, UV varnish, two-sided printing - Equipment for checking and automatic counting. - Design department etc. |
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Insurance Comments |
It was not obtained any information on insurances. |
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
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BANKERS BANCO NACIONAL DE MEXICO S.A. BBVA BANCOMER S.A. |
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Credit Limit : |
In absence of financials we cannot provide credit limit |
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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.53.91 |
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UK Pound |
1 |
Rs.87.60 |
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Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
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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.