MIRA INFORM REPORT
|
Report Date : |
17.05.2013 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Trace |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 |
AMI ARRENDADORA
Y MULTISERVICIOS INDUSTRIALES S.A. DE C.V. |
|
MAIN ADDRESS |
Boulevard Harold R. Pape 803, Monclova |
|
POSTAL CODE |
25750 |
|
DEPT/PROV/REGION/STATE |
Coahuila de Zaragoza |
|
COUNTRY |
MEXICO |
|
TELEPHONE |
(52) 018666492500 |
|
CORPORATE E-MAIL |
Recepción_direccion@cegimsa.com.mx |
|
COMMENTS |
|
The above data are included for reference purposes as they belong to GRUPO INDUSTRIAL MONCLOVA (GIMSA), to which the investigated company belongs to. We were not able to find Company. |
|
The above domiciled belongs to GRUPO INDUSTRIAL MONCLOVA
(GIMSA). The investigated company is part of such group. However, we could
speak with Ms. Laura Bernal, Assistant to the Director General, who declined to
give any data or contact of the Company. She only confirmed it is part of GRUPO
INDUSTRIAL MONCLOVA, and only one person is in charge of such company's
matters. Ms. Bernal asked to email a fomal request and they would respond. We
followed up, nevertheless days have passed and she said she had not been
authorized to give information. She does not know when they would respond but
if she is authorized, she would give an answer GRUPO INDUSTRIAL MONCLOVA is the
name to designate a conglomerate of companies of different lines of business.
This group has 60 years operating and enjoys an international prestige, made up
of the following divisions: INDUSTRIAL DIVISION Enertech Fabricaciones, S.A. de
C.V. Construcciones Mecánicas Monclova, S.A. de C.V. Gunderson Gimsa, S de R.L.
de C.V. Oxiplus, S.A. de C.V. Ferreplus, S.A. de C.V. ENERGY DIVISION GPA
Energy, S.A. DE C.V MINING DIVISION Refractarios Basico, S.A. de C.V. Dolomita
Monclova, S.A. de C.V. Carbonífera del Noroeste, S.A. de C.V. COMMERCIAL
DIVISION Gimsa International Inc. Automotriz Monclova, S.A. de C.V. AP
Automotriz, S.A. de C.V. According to what we investigated, at the end of FY
2012, they did not mention the investigated Company, so we suppose, AMI
ARRENDADORA Y MULTISERVICIOS INDUSTRIALES S.A. DE C.V. has been recently formed
and for this reason no information has been found through third-party sources.
We would appreciate it if you provide a specific contact name to get
information in the group. That is all we can inform.
Note :
Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.