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Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ARRENDADORA Y MULTISERVICIOS INDUSTRIALES
S.A. DE C.V. |
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Registered Office : |
Boulevard Harold R. Pape 803, Int. E, Col. Guadalupe 25750, Monclova |
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Country : |
Mexico |
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Year of Establishment : |
1984 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Commercialization of diverse products to third-parties |
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No. of Employees : |
Not Available |
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 : |
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 |
ECONOMIC OVERVIEW - MEXICO
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
CORRECT COMPANY NAME
ARRENDADORA Y MULTISERVICIOS INDUSTRIALES S.A.
DE C.V.
TRADE NAME AMI
TAXPAYER REGISTRATION RFC AMI841205JX7
MAIN ADDRESS Boulevard Harold
R. Pape 803, Int. E, Col. Guadalupe 25750, Monclova
POSTAL CODE 25750
DEPT/PROV/REGION/STATE Coahuila de Zaragoza
COUNTRY MEXICO
TELEPHONE (52866) 6492500 -
6492529
CORPORATE E-MAIL Recepción_direccion@cegimsa.com.mx
COMMENTS
This report supersedes the one previously sent.The Company has no website. Other e-mail: Rmartinez@cegimsa.com.mx
Date of foundation 1984
Capital stock No specified
Chief Executive CENICEROS JAMID,
NOÉ
Payments policy Usually to
terms/good
Credit (**) MODERATE RISK.
(Acceptable financial situation but limited).
Number of times that this company was required: 2
LEGAL STATUS Stock Company of
Variable Capital
DATE OF INCORPORATION 1984
CURRENT PAID-IN CAPITAL No specified
CURRENT EXCHANGE RATE
(US$) Ps$.12.85
COMMENTS
This Company has been organized under the General Business Corporations Act, Code of Commerce and Federal Civil Code. Personal information of the executives was not disclosed; it is kept confidential. Shareholders structure was not specified. FULL NAMES / COMPANY NAME TITLE %PART. SINCE
CENICEROS JAMID,
NOÉ Director
General
MARTÍNEZ, ROSA
ISELA General
Accountant
GBP INTERNACIONAL
S.A. DE C.V. Majority
Shareholder (Parent Company) May.Shareh.
CENICEROS JAMID, NOÉ
TITLE Director General
BACKGROUND INFORMATION He also acts as Legal Representative.
COMPANY NAME COUNTRY RELATION %
COMPAÑÍA
ARRENDADORA DE EQUIPOS INDUSTRIALES S.A. DE C.V. MEXICO Related
SIC Classification
5 5 - AUTOMOTIVE DEALERS AND GASOLINE SERVICE STATIONS. (New and Used Car Dealers,
auto and home supply stores, gasoline service stations.)
Main activity Commercialization of diverse products to third-parties.
Industrial valves, fenders, wings, parts and new parts for cars, vans and trucks. Brands were not specified.
SELLING TerritorY Mexican market
OTHER PREMISES Administrative offices and warehouse operate at the above address.
Premises belong to GRUPO INDUSTRIAL MONCLOVA. Operations are carried out at Huemac 1700 esq Tabatzin, Col. Cd Deportiva Monclova, Coahuila. The Company is about to move to this domicile to operate independent of GRUPO INDUSTRIAL MONCLOVA.
Comments
So far, they have no payroll.
Interviewee(s) Rosa Isela
Martínez
Position(s) General Accountant
Information provided
Continuing with our investigation, this time, we talked to Ms. Martínez who provided the information in this report, except for the financials. She also said that even though the legal address is Boulevard Harold R. Pape, they will move to Huemac No. 1700 esq Tabatzin, Col. Cd Deportiva Monclova, Coahuila, which will be their Legal Address. Ms. Martinez commented the Company was formed in 1984, operating for 6 years and then it was at standstill and resumed its activities in 2005 up to date. She said although they are currently occupying the facilities, and using the telephone numbers, employees and emails of GRUPO CEGIMSA, they neither depend of such company nor are a subsidiary, they only have a business partnership.
FINANCIAL SITUATION FAIR
Despite no balance sheets were available, it should be mentioned that suppliers have reported favorably on the Company payment record. No negative have been found. Insurance Comments
Information unavailable.
(Confidential Information)
TRADE REFERENCES
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Supplier: TECNOFLUIDOS DEL GOLFO S.A. DE C.V |
Tel.: (833)264 32 75 |
Country: MEXICO |
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Goods/Services?
: Industrial valves |
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Highest credit?
: No specified |
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Client since? : 2005 |
Terms? : No specified |
Performance? : Prompt |
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Comments : Monthly average
is kept confidential; they pay in advance |
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Supplier: GGD BANDAS Y SERVICIOS S.A. DE C.V. |
Tel.: 01 55 5384 5235 |
Country: MEXICO |
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Goods/Services?
: Conveyor belts |
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Highest credit?
: Ps$ 500,000.= |
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Client since? : 2006 |
Terms? : 45 days |
Performance? : Prompt |
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Comments : Monthly average:
Ps$.100,000.= Pesos |
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Supplier: VULCANO Y ESPECIALIDADES S.A. DE C.V. |
Tel.: (866)6 33 15 05 |
Country: MEXICO |
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Highest credit?
: No specified |
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Comments : They have not
responded. |
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Comments :
No bank accounts were found in databases and other sources we accessed to.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.74 |
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1 |
Rs.88.53 |
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Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
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.