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Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
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Name : |
NOVAPRINT S. DE R.L. DE C.V. |
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Registered Office : |
Refinería de Tula 66, Col. Petrolera Taxqueña |
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Country : |
México |
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Date of Incorporation : |
27.04.1982 |
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Legal Form : |
Limited Liability Partnership of Variable Capital |
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Line of Business : |
Manufacture, import and commercialization of primary packaging
supplies for the pharmaceutical industry. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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, 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).
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Source
: CIA |
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CORRECT COMPANY NAME |
NOVAPRINT S. DE R.L. DE C.V. |
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TAXPAYER REGISTRATION |
RFC NOV820427BTO |
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MAIN ADDRESS |
Refinería de Tula 66, Col. Petrolera Taxqueña |
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DEPT/PROV/REGION/STATE |
México D.F. |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 55442893 |
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CORPORATE E-MAIL |
felipecruz@novaprint.com.mx |
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WEB |
www.novaprint.com.mx |
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COMMENTS |
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No telephone numbers were provided in your order to expedite our
investigation. |
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Date of foundation |
1982 |
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Chief Executive |
CANTU GUERRA, JOSE MANUEL |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Without rating (No payment experience traced) |
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Credit (**) |
UNDETERMINED RISK.(Insufficient or Non existent information). |
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Number of times that this company was required: 3 |
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REPUTATION
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NOTHING AGAINST COMPANY |
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LEGAL STATUS |
Limited Liability Partnership of Variable Capital |
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DATE OF INCORPORATION |
27APR1982 |
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PLACE OF REGISTRY |
México DF |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.62 per USD.1.00 |
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COMMENTS |
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Organized on 27/04/1982 under the name NOVAPRINT S.A. In 2010 the Company adopted the current name: NOVAPRINT S. DE R.L. DE
C.V. |
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RELATED COMPANIES TO
SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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SIC
Classification |
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Main activity |
Manufacture, import and commercialization of primary packaging
supplies for the pharmaceutical industry. Lines: - Blisterpack materials - Sachets and strip packs - Suppositories and ovules |
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OPERATIONS |
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Import |
Yes |
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Country |
Germany, Italy and Taiwan |
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% CASH SALES / METHOD |
50% |
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% Credit SALES / Terms |
50% - short-term facilities |
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Comments |
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The Company buys nationwide and abroad. |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
María Elena Cantu. |
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Position(s) |
Administrative Manager |
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Information provided |
We emailed Felipe Cruz, General Accountant of the Company and so far
he has not replied, We also tried to contact any other authorirzed person but they said
they are not allowed to disclose information to third-party. In view of this situation, we have prepared this report based on data
collected from outside sources where no balance sheets or estimated
accounting figures were available. Novaprint S DE R L DE CV is a Mexican company with over 30 years
experience in the supply of primary packaging material for the pharmaceutical
industry. It is specialized in rotogravure printing of foil and other
laminated structures whose properties provide the highest sealing and
protection to drugs and food. As from July 2002 they have a branch in the State of Jalisco, in order
to offer better service and response to customers in this area of the
Republic. Vision: To consolidate itself as strategic alliance with customers and
suppliers in the processing and distribution of hi-tech packaging material
and added value services. |
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SALES |
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FINANCIAL SITUATION |
UNDETERMINED Financial situation is indeterminate since no accounting elements were
available to analyze this Company current results. Found no trade references either to determine its payment record. No
negative backgrounds were reported. |
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Insurance Comments |
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Information unavailable. |
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(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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Explanation about commercial reputation
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.82 |
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|
1 |
Rs.96.57 |
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Euro |
1 |
Rs.82.45 |
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 |
---- |
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.