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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
TREFILADOS INOXIDABLES DE MEXICO S.A. DE C.V. |
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Registered Office : |
Otomies S/N, Ciudad Industrial Xicontencatl II 90500 Huamantla / Tlaxcala |
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Country : |
Mexico |
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Date of Incorporation : |
24.11.1999 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Processing, marketing, import and export of stainless steel wire. |
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No. of Employees : |
130 |
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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 5.5%. 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 2012 Mexico formally joined the Trans-Pacific Partnership negotiations
and in July it formed the Pacific Alliance with Peru, Colombia and Chile. 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 5.6% in 2010 with exports -
particularly to the United States - leading the way. Growth slowed to 3.9% in
2011 and slightly recovered to 4% in 2012. In November 2012, Mexico's
legislature passed a comprehensive labor reform which was signed into law by former
President Felipe CALDERON. Mexico's new PRI government, led by President
Enrique PENA NIETO, has said it will prioritize structural economic reforms and
competitiveness. The new president signed the Pact for Mexico, an agreement
that lists 95 priority commitments, along with the leaders of the country's
three main political parties: the Institutional Revolutionary Party (PRI), the
National Action Party (PAN) and the Party of the Democratic Revolution (PRD).
Source
: CIA
IDENTIFICATION
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CORRECT COMPANY NAME |
TREFILADOS
INOXIDABLES DE MEXICO S.A. DE C.V. |
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TRADE NAME |
TIM GRUPO |
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TAXPAYER REGISTRATION |
RFC TIM991124TE4 |
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MAIN ADDRESS |
Otomies S/N, Ciudad Industrial
Xicontencatl II |
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POSTAL CODE |
90500 |
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DEPT/PROV/REGION/STATE |
Huamantla / Tlaxcala |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52247) 4725411 |
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CORPORATE E-MAIL |
agarcia@trefilados.com.mx |
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WEB |
www.novametal.com |
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NOTE |
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The address on your order is incorrect.
The correct address is as above-written. |
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LEGAL STRUCTURE
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
24NOV1999 |
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PLACE OF REGISTRY |
Huamantla, Tlaxcala. |
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NOTARY OFFICE |
No. 1, Lic. José Luis Macias |
DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.82 per 1.00 USADollar |
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COMMENTS |
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Company began operations on November 24, 1999 in Huamantla, Tlaxcala, under the name TREFILADOS INOXIDABLES DE MÉXICO, with legal structure of a Variable Capital Corporation, to engage in processing, marketing, import and export of stainless steel wire. |
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DIRECTORS - EXECUTIVES – SHAREHOLDERS
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WHO IS WHO?
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SAMETZ REMBA,
LEON |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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D.O.B. |
25FEB1941 |
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CIVIL STATUS |
Single |
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PROFESSION |
Mechanical Engineer |
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TAX ID |
SARL410225EP4 |
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BACKGROUND INFORMATION |
President of the Asociación Metropolitana de la industria Manufacturera y Maquiladora de exportación A.C. (Metropolitan Association of Manufacturing and Third-Party Manufacturing Industry for Exportation A.C.). |
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ASSOCIATED AS PER OUR DATABASE TO |
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HUERTA MENDOZA,
JOSUE |
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TITLE |
Administrative |
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NATIONALITY |
Mexican |
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PROFESSION |
Public Accountant |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY
SHAREHOLDER |
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BUSINESS
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SIC Classification |
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Main activity |
Processing, marketing, import and export of stainless steel wire.Products marketed: Regular wire, fine wire, welding, rods, stainless steel, mesh, profiles, alloys, etc..Brands sold: TIM, COONE, NOVAMETAL, ACEROPCIS, etc. |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
United States and Europe |
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Export |
Yes |
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COUNTRY |
United States, Central America and Europe |
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% CASH SALES / METHOD |
20% |
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% Credit SALES / Terms |
80% (Terms: 45 days) |
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% Ventas exterior (Paises) |
50% |
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% DOMESTIC PURCHASES |
20% |
% FOREIGN PURCHASES |
80% |
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SELLING TerritorY |
50% National market |
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EMPLOYEES |
130 |
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Comments |
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The company conducts its sales as follows: 100% wholesale
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FINANCIAL INFORMATION
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Josué Huerta Mendoza |
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Position(s) |
General Accountant |
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Information provided |
The interviewed person delivered operational data but refused to release financial figures not having authorization from a higher company authority. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
A-: SATISFACTORYThe respondent stated annual revenues of this company amount to Ps$. 485,000,000. = Pesos. |
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Property of company comments |
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Vehicles: Report two vans and a car ; no brands provided.Machinery and Equipment: Furniture and general office equipment and machinery of industry. All own. |
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INSURANCE |
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TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS (Confidential Information) |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.80 |
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1 |
Rs.91.95 |
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Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.