MIRA INFORM REPORT

 

 

Report Date :

24.01.2013

 

IDENTIFICATION DETAILS

 

Name :

NAD GLOBAL S.A. DE C.V.

 

 

Registered Office :

Calle Sinaloa No.14, Col. Peñón de los Baños, Deleg. Venustiano Carranza

15520

 

 

Country :

Mexico

 

 

Date of Incorporation :

11.12.2007

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Providing customs and logistics services with high technology for land, sea and air operations.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Mexico

A2

A2

 

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%. 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

 

IDENTIFICATION

 

CORRECT COMPANY NAME

NAD GLOBAL S.A. DE C.V.

TRADE NAME

NAD GLOBAL

TAXPAYER REGISTRATION

RFC NGL0712111M2

MAIN ADDRESS

Calle Sinaloa No.14, Col. Peñón de los Baños, Deleg. Venustiano Carranza

POSTAL CODE

15520

PROVINCE / DEPARTAMENT

México D.F.

COUNTRY

MEXICO

TELEPHONE

(5255) 57854755

E-MAIL

infomexico@nadaereo.com

WEB

www.nadglobal.com

COMMENTS

 
Subject's phone number has 20 extensions.
 
Fax: (5255) 57855306
 

 

SUMMARY

 

Date of foundation

2007

permanent employees

None

Chief Executive

LEON ALBA, VIRGILIO

Disposition

Report totally prepared by outside sources.

Payments policy

Without rating (No payment experience traced)

Credit (**)

Indeterminate, Information is insufficient. With no Experience.

 

 

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company of Variable Capital

DATE OF INCORPORATION

11DEC2007

PLACE OF REGISTRY

Mexico DF

DURATION

99 years

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$12.66 per US$1.= Dollar

COMMENTS

 
Subject is a 100% Mexican company that was incorporated on 11/12/2007 in Mexico City, and since its incorporation, its legal status has not been changed.
 

 

DIRECTORS - EXECUTIVES - SHAREHOLDERS

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

LEON ALBA, VIRGILIO

General Director

 

 

 

 

WHO IS WHO?

 

LEON ALBA, VIRGILIO

NATIONALITY

Mexican

 

 

 

 

 

BUSINESS HISTORY

 
Subject is the leading company of the Nad Group, which is comprised of the companies mentioned below.
 
The Nad Group was established in 1999 to provide customs and logistics services nationwide. It has facilities in all of the main ports and foreign alliances in Asia, Europe, South America, Central America, and North America.
 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

AGENCIA ADUANAL ACIERNO MILCHORENA S.C.

MEXICO

 

Related

CENTRAL DE ADUANAS DE MEXICO S.A. DE C.V.

MEXICO

 

Related

CORPORACION ADUANERA NORIEGA S.C.

MEXICO

 

Related

NAD INTERNATIONAL S.A. DE C.V.

MEXICO

NIN990809G63

Related

 

 

BUSINESS

 

Main activity

 
Subject is a customs agency. It serves to the automotive industry by providing customs and logistics services with high technology for land, sea and air operations.
 

Import

Yes

Country

Worldwide

Export

Yes

COUNTRY

Worldwide

% CASH SALES / METHOD

100%

% Ventas exterior (Paises)

50%

% DOMESTIC PURCHASES

50%

% FOREIGN PURCHASES

50%

SELLING TerritorY

50%

EMPLOYEES

None

 

LOCATION

 

OTHER PREMISES

 
Subject's tax residency and corporate offices are located on the above-mentioned address.
 
It also has facilities in Nogales, Sonora; Ciudad Juárez, Chihuahua; Piedras Negras, Coahuila; Nuevo Laredo, Tamaulipas; Apodaca, Nuevo León; Ramos Arizpe, Coahuila; Guadalajara, Jalisco; Mexico DF; etc., including:
- Av. Rio Tamesi km 0+700 d-417, Torre Multimodal, Altamira, Tamaulipas, C.P. 89600, Tel: (52-833) 2609040 to 43.
 

Comments

 
Subject serves mainly to the automotive industry, but it also serves to other markets.
 
Subject has been certified by:
- C-TPAT
- BASC World Basc Organization
- QMS Certification Services
- OCCE OC in Calidad y Comercio Exterior S.A. de C.V.
 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Third-party sources

Disposition

Report totally prepared by outside sources.

Information provided

 
This report was developed with information that was collected from several third-party sources because in subject's offices they refused to provide any information as confidential.
 
In consulted sources, we could not find any available balance sheets or reference figures.
 

 

 

SALES

US$ 0.00 ()

Property of company comments

 
Subject's main assets include:
- A combined area of about 97,000 m2 for warehouses and offices located at the main ports and cities of Mexico and the United States.
 
It owns the following Land Infrastructure:
* BTS Laredo, Tx.
- 20,000 ft2 of offices
- 200,000 ft2 of warehouses
- Yard with a capacity up to 350 box trailers
- 1 railroad spur with a capacity of 16 vans
- 70 warehouse doors for reception and sending operations
- 24/7 Guard house
- CCTV
 
* BTS Nogales, Az.
- 1,500 ft2 of offices
- 15,000 ft2 of warehouses
- Yard with a capacity up to 50 box trailers
- 4 warehouse doors for reception and sending operations
- CCTV
 
* BTS El Paso, Tx.
- 1,500 ft2 of offices
- 20,000 ft2 of warehouses
- Yard with a capacity up to 100 box trailers
- 4 warehouse doors for reception and sending operations
- CCTV
                                              
* NAD Nuevo Laredo, Tam. / Colombia, N.L.
- 800 m2 of offices
- 100 m2 of archive area
 
* NAD Piedras Negras, Coah. 
- 50 m2 of offices and archive area
                                              
* NAD Cd. Juarez, Chih.
- 100 m2 of offices and archive area
                                              
* NAD Nogales, Son. 
- 310 m2 of offices and archive area
 
It owns the following Maritime Infrastructure:
* NAD Manzanillo, Col.
- 570 m2 of offices and archive area
                                              
* NAD Altamira, Tam. 
- 144 m2 of offices and archive area
                                              
* NAD Lazaro Cardenas, Mich. 
- 100 m2 of offices and archive area
                                              
* NAD Veracruz, Ver. 
- 1,200 m2 of offices and archive area
 
It owns the following Air Infrastructure:
* NAD Aeropuerto Ciudad de México.
- 1,300 m2 of offices and archive area
- Transit cargo warehouse of 300 m2
                                              
* NAD Aeropuerto Ciudad de Toluca.
- 150 m2 of offices
- Transit cargo warehouse of 150 m2
                                              
* NAD Aeropuerto Ciudad Monterrey, N. L. 
- 352 m2 of offices and archive area
                                              
* NAD Ramos Arizpe, Coahuila. 
- 294 m2 of offices and archive area
                                              
* NAD Aeropuerto Ciudad de Guadalajara, Jal.
- 200 m2 of offices and archive area
 

Insurance Comments

 
It was not obtained any information on insurances.
 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier: INFRAESTRUCTURA PORTUARIA MEXICANA SA DE CV

Tel.: (5833) 2601036 to 39

Country: MEXICO

Goods/Services? : Services within Altamira Port, Tamaulipas

 

 

Highest credit? : Not specified

 

 

Client since? : Sv.years

Terms? : Not specified

 

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

Comment

HYDRO ALUMINIUM ASIA PTE., LTD.

SINGAPORE

 

IMCD UK LTD.

UNITED KINGDOM

 

AUER PACKAGING GMBH

GERMANY

 

LANXESS DEUTSCHLAND GMBH

GERMANY

 

RKB EUROPE S.A.

SWITZERLAND

 

DOW EUROPE GMBH

GERMANY

 

 

 

CREDIT OPINION

 

Consulted Credit Amount :

CREDIT LIMIT?

 

The lack of figures and payment performance does not allow giving 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.53.77

UK Pound

1

Rs.85.13

Euro

1

Rs.71.57

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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