MIRA INFORM REPORT

Report Date :

07.12.2013

IDENTIFICATION DETAILS

Name :	ARCHROMA TEXTILES MEXICO S. DE R.L. DE C.V.

Registered Office :	Av. Paseo de la Reforma No. 404-602, 6° Piso, Juárez, Cuauhtémoc

Country :	Mexico

Date of Incorporation :	04.04.2013

Legal Form :	Limited Liability Partnership

Line of Business :	Company is dedicated to providing textile chemicals.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

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 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Mexico

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

CORRECT COMPANY NAME

ARCHROMA TEXTILES MEXICO S. DE R.L. DE C.V.

TRADE NAME

ARCHROMA TEXTILES MÉXICO

TAXPAYER REGISTRATION

RFC ATM130404IM9

MAIN ADDRESS

Av. Paseo de la Reforma No. 404-602, 6° Piso, Juárez, Cuauhtémoc

POSTAL CODE

06600

DEPT/PROV/REGION/STATE

México, D.F.

COUNTRY

MEXICO

TELEPHONE

(5255) 52077478/52077017

CORPORATE E-MAIL

patricia@servibusiness.com

COMMENTS

This report was requested with the following name: ARCHROMA TEXTILES

We made it clear that the correct name of the company is ARCHROMA TEXTILES MEXICO S. DE RL DE CV

EXECUTIVE SUMMARY
Date of foundation	2013
Chief Executive	ISLAS FLORES, MARÍA PATRICIA
Payments policy	Without rating (No payment experience traced)
Credit ()**	UNDETERMINED RISK.(Insufficient or Non existent information).
Number of times that this company was required: 3

REPUTATION

NOTHING AGAINST COMPANY

LEGAL STRUCTURE


LEGAL STATUS	Limited Liability Partnership of Variable Capital
DATE OF INCORPORATION	04APR2013
PLACE OF REGISTRY	México, D.F.
NOTARY OFFICE		DURATION	99 years
CURRENT EXCHANGE RATE (US$)	Ps$13.08 per USD1.00

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
*ISLAS FLORES, MARÍA PATRICIA*	Legal Representative
CASTELLANOS SANTIAGO, ESMERALDA	Services coordinator

BUSINESS HISTORY

Archoma Textile México S. de R.L. de C.V. is a 100% Mexican company, which was incorporated on April 4, 2013 in Mexico City, DFY since its foundation has not changed in its legal structure.

Clariant AG sold the textile chemicals sector to its subsidiary Clariant Pakistan and formed the company Archroma Textiles which is entering Mexico as ARCHROMA TEXTILES MEXICO S. DE R.L. DE C.V.

BUSINESS

SIC Classification
5 9 - MISCELLANEOUS RETAIL. (Miscellaneous home and persons goods stores.)

Main activity

The company is dedicated to providing textile chemicals.

O P E R A T I O N S

Import

Export

SELLING TerritorY

Domestic market (100%)

LOCATION

OTHER PREMISES

The tax domicile of the company operate at the heading address.

In this address operates the offices of the company Business Offices & Administrative Services S.A. de C.V., a company that offers virtual offices in Mexico City.

They stated that every six months the company pays its quota by having its fiscal domicile there.

The company has no other premises.

Comments

CLIENTS: Textile companies in general.

FINANCIAL INFORMATION


Interviewee(s)	Esmeralda Castellanos Santiago
Position(s)	Service Coordinator
Information provided	The interviewee provided us with the information contained in this report. They said that they can not provide further details of the company because they do not have them.


SALES	US$ 0.00 ()
FINANCIAL SITUATION	NN: UNDETERMINED We estimate that Subject's financial Situation is INDETERMINATE, since we do not have financial statements that allow an accurate analysis of its results in its last financial year.
Property of company comments
The company has: -Furniture and office equipment -Computer equipment -Etc.

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: BUSINESS OFFICES & ADMINISTRATIVE SERVICES S.A	Tel.:	Country: MEXICO
Goods/Services? : Tax domicile service
Highest credit? : Not specified

Comments :

They did not provide the bank with which the company works.

GENERAL INFORMATION


Explanation about commercial reputation

CREDIT OPINION


Consulted Credit Amount :	Maximum Credit
Since they refused to give balance sheets and trade references and other information are unknown, unfortunately, we cannot give a credit opinion. NOTE : The opinion given is confidential, referential and with out liability.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.66
UK Pound	1	Rs.100.64
Euro	1	Rs.84.25

INFORMATION DETAILS

Report Prepared by :

PDT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.