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Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
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Name : |
CAMERON DE MEXICO S.A. DE C.V. |
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Formerly Known as: |
Cooper Cameron de México S.A. de C.V. |
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Registered Office : |
Acacias, Lote 1 y 2, Mz. 11, Col. Ciudad Industrial Bruno Pagliai, 91697, Veracruz, Veracruz |
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Country : |
Mexico |
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Date of Incorporation : |
27.10.1993 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged to the sale of materials and services for the oil
industry, sales of valves, drilling heads, valve trees, etc.. |
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No. of Employees : |
Approximately 300 workers |
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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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 – 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.
Source : CIA
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CORRECT COMPANY NAME |
CAMERON
DE MEXICO S.A. DE C.V. |
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TRADE NAME |
CAMERON
DE MÉXICO |
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TAXPAYER REGISTRATION |
RFC CCM931027JG5 |
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MAIN ADDRESS |
Acacias, Lote 1 y 2, Mz. 11, Col. Ciudad
Industrial Bruno Pagliai, |
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POSTAL CODE |
91697 |
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PROVINCE / DEPARTAMENT |
Veracruz, Veracruz |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52229) 9891700 |
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E-MAIL |
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WEB |
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COMMENTS |
Other email:diana.rosas@c-a-m.com |
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Date of foundation |
1993 |
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permanent employees |
Approximately 300 workers. |
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Chief Executive |
MENDOZA CANDELAS, MARTIN |
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Disposition |
Poor. Very few information was given.
Politely. |
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Payments policy |
Usually to terms/good |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
27OCT1993 |
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PLACE OF REGISTRY |
Veracruz, Veracruz |
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DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.75 per 1.00 USADollar |
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COMMENTS |
Personal information of the executives was not disclosed for security reasons. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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MENDOZA CANDELAS, MARTIN |
General Manager |
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BRAVO, JORGE |
Controller |
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MEJÍA BRITO, DIANA |
Purchasing Manager |
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MENDOZA
CANDELAS, MARTIN |
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NATIONALITY |
Mexican |
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PROFESSION |
Eng. |
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BRAVO, JORGE |
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NATIONALITY |
Mexican |
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PROFESSION |
C.P.A. |
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MEJÍA BRITO,
DIANA |
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NATIONALITY |
Mexican |
Company established in 1993 as Cooper Cameron de México S.A. de C.V., name was changed in 2005 by the current style: Cameron de México S.A. de C.V.Cameron de México S.A. de C.V. installed in 1994 in the industrial park "Bruno Pagliai", its industrial plant which largely caters the needs of Petróleos Mexicanos (PEMEX) and other U.S. companies that acquire equipment in this factory, which investment is far superior to US$ 50 million dollars.This company was born in the United States in the year 1920 with a global concept and a regional approach, so that 30 plants have been installed worldwide and over 100 customer service locations, ie, constantly developing new technologies that are immediately channeled to the various factories and especially Mexico.The company has registered a steady growth of 25 percent annually since it was founded in Veracruz and its production is shipped domestically by two-thirds and one-third is given to American companies.The subject is related to the following companies: |
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RELATED COMPANIES
TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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COMPANY NAME |
COUNTRY |
RELATION % |
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CAMERON INTERNATIONAL CORPORATION |
U.S.A. |
Related |
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GRACO MEXICANA S.A. DEC.V. |
MEXICO |
Related |
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METROLOGIA MEXICANA S.A. DE C.V. |
MEXICO |
Related |
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SERVICIOS INDUSTRIALES DE AUTOMOTIZACION S.A. DE C.V. |
MEXICO |
Related |
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TRANSFERENCIAS TOTALES S.A. DE C.V. |
MEXICO |
Related |
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Main activity |
Company is engaged to the sale of materials and services for the oil industry, sales of valves, drilling heads, valve trees, etc.. |
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Import |
Yes |
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Country |
United States through direct credit of 8,
15 and 30 days. |
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Export |
No |
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% CASH SALES / METHOD |
50% |
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% Credit SALES / Terms |
50% (terms: 30 days) |
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% DOMESTIC PURCHASES |
20% |
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% FOREIGN PURCHASES |
80% |
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SELLING TerritorY |
100% Domestic market |
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EMPLOYEES |
Approximately 300 workers. |
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Comments |
CLIENTS: The company serves mainly to the oil industry, such as:-Petróleos Mexicanos |
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Interviewee(s) |
C.P.A. Jorge Bravo |
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Position(s) |
Controller |
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Disposition |
Poor. Very few information was given.
Politely. |
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Information provided |
We interviewed C.P.A. Jorge Bravo (Controller), who generally confirmed and updated information contained in report but he refused to provide any financial information as it is considered Confidential. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
A-: SATISFACTORYDespite lacking financial statements, it is public knowledge that Subject operates without problems. Payments are regular. It is financially backed by Group it belongs to. |
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Property of company comments |
Fixed assets include:-Transportation Equipment-Office furniture and equipment-Computer EquipmentEtc. |
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Insurance Comments |
We could not access that information. |
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.54.43 |
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UK Pound |
1 |
Rs.83.20 |
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Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.