|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
QST INDUSTRIAS DE MEXICO S. DE R.L. DE C.V. |
|
|
|
|
Registered Office : |
Calle 4 Norte 201, Parque Industrial |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.11.1998 |
|
|
|
|
Legal Form : |
Limited Liability Partnership of Variable Capital |
|
|
|
|
Line of Business : |
Manufacture of accoutrement for the textile industry. |
|
|
|
|
No. of Employees : |
250 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 5.5%. 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 |
QST INDUSTRIAS DE MEXICO S. DE R.L. DE C.V. |
|
TRADE NAME |
QST INDUSTRIES |
|
TAXPAYER REGISTRATION |
RFC QIM981123BR4 |
|
MAIN ADDRESS |
Calle 4 Norte 201, Parque Industrial Toluca 2000 |
|
POSTAL CODE |
50233 |
|
DEPT/PROV/REGION/STATE |
Toluca |
|
COUNTRY |
MEXICO |
|
TELEPHONE |
(52722) 2769960 - 2769961 |
|
CORPORATE E-MAIL |
Villaseñor.armando@qst.com |
|
WEB |
www.qst.com |
|
Date of foundation |
1998 |
|
permanent employees |
250 |
|
Payments policy |
Usually to terms/good |
|
Credit (**) |
UNDETERMINED RISK.(Insufficient or Non existent information). |
|
Number of times that this company was required: 4 |
|
|
LEGAL STATUS |
Limited Liability Partnership of Variable Capital |
|
|
|
DATE OF INCORPORATION |
23NOV1998 |
|
|
|
PLACE OF REGISTRY |
Toluca/Mexico |
|
|
|
CURRENT EXCHANGE RATE (US$) |
Ps$13.15 per 1.00 USADollar |
|
|
|
COMMENTS |
|
||
|
S. DE R.L. DE C.V, is a legal regime that allows partners to establish
a maximum limit of liability against the liabilities incurred by the company,
usually limited to the amount of the contribution of each partner. |
|||
|
FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
|
VILLASEÑOR, ARMANDO |
Comptroller |
|
|
RELATED COMPANIES TO SUBJECT COMPANY OR TO
MAJORITY SHAREHOLDER
|
COMPANY NAME |
COUNTRY |
RELATION % |
|
|
CIRCA COMÉRCIO INTERNACIONAL LTDA. |
BRAZIL |
|
Related |
|
QST INDUSTRIES, INC. |
U.S.A. |
|
Related |
|
Main activity |
Manufacture of accoutrement for the textile industry. Products marketed: Die-cut pockets, interlining, polyester linings,
zippers, embroidery, felt and neck fabric. Brands: OST |
||||||||
|
OP RATIONS |
|||||||||
|
Import |
Yes |
||||||||
|
Export |
Yes |
||||||||
|
SELLING TerritorY |
National market |
||||||||
|
EMPLOYEES |
250 |
||||||||
|
|||||||||
|
Main clients: VF Imagewear,
Single Source Apparel, OLD NAVY, American Apparel, Grupo Vestimenta, Bernard
Cap Co., etc. |
|
Interviewee(s) |
Armando Villaseño |
|
Position(s) |
Accountant |
|
Information provided |
The interviewee confirmed few data since he was wary at all times and did
not provide enough information. We try talking to someone else, however it
was not possible as the Comptroller is the right person for these data. The
rest of the data was obtained through third party sources. |
|
|
|
|
|
|
|
SALES |
US$ 0.00 () |
|
FINANCIAL SITUATION |
NN: UNDETERMINED The company's Financial Situation is considered to be Undetermined
since there are no financial elements allowing to analyze its results. |
(Confidential Information)
TRADE REFERENCES
Note : Other suppliers did not provide information or could not be
consulted
|
Supplier |
Country |
|
FERNANDEZ E HINOJOSA Y COMPAÑIA, S.C. |
MEXICO |
|
TUBO, CARTON Y TROQUELADOS, S.A. DE C.V. |
MEXICO |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.