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Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
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Name : |
LIBERTEX S.A. DE C.V. |
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Registered Office : |
M. Othon de Mendizábal 474, Col. Nueva Industrial Vallejo, 07700, México,
DF |
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Country : |
Mexico |
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Date of Incorporation : |
17.09.1999 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Manufacture, import and sale of fabrics, Polyester and cotton fabrics |
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No. of Employees : |
100 |
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 |
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).
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Source
: CIA |
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CORRECT COMPANY NAME |
LIBERTEX S.A. DE C.V. |
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TRADE NAME |
LIBERTEX |
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TAXPAYER REGISTRATION |
RFC LIB990917B65 |
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MAIN ADDRESS |
M. Othon de Mendizábal 474, Col. Nueva Industrial Vallejo |
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POSTAL CODE |
07700 |
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DEPT/PROV/REGION/STATE |
México, DF |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 57470270 - 55405165 |
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COMMENTS |
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Notice the correct address is as above written. No telephone number was given on your
order. Emails: - fernandoc@plusultra.com.mx - pepo@plusultra.com.mx |
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Date of foundation |
1999 |
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permanent employees |
100 |
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Chief Executive |
CHISIKOVSKY NAZARI, JOSÉ |
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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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Credit (**) |
MODERATE RISK. (Acceptable financial situation but limited). |
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Number of times that this company was required: 2 |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
17SEP1999 |
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NOTARY OFFICE |
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DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.98 per USD.1.00 |
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COMMENTS |
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This Company has been organized under the General Business
Corporations Act, Code of Commerce and Federal Civil Code. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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LEW LEFF, BERNARDO |
President |
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CHISIKOVSKY NAZARI, JOSÉ |
General Manager |
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FERNANDO CRISTINO, TORRES |
Administrative Manager |
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LEW LEFF, BERNARDO |
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TITLE |
President |
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BACKGROUND INFORMATION |
He also acts as Legal Representative. |
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COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
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ILO LINENS S.A. DE C.V. |
MEXICO |
(AC) ILI051017CR7 |
Related |
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Main activity |
Manufacture, import and sale of fabrics. Polyester and cotton fabrics |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
China amd India |
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SELLING TerritorY |
Mexican market |
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EMPLOYEES |
100 |
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Disposition |
Poor. Very few information was given. Politely. |
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Interviewee(s) |
Fernando Cristino Torres |
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Position(s) |
Administrative Manager |
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Information provided |
We talked to Fernando Cristino who provided the information in this
report except for the financials as he had not been authorized by the General
Manager. Other sources were consulted but neither balance sheets or estimated
accounting figures were available. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIR This is a company with 14 years of experience. Even though no balance sheets were
available, it should be mentioned that one of the suppliers reported an
excellent payment behaviour. No negative were found. |
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Main fixed assets of the company (general
detail) |
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Information unavailable. |
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(Confidential Information)
TRADE REFERENCES
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Supplier: FIS FIBER INDUSTRIES, S.A. DE C.V. |
Tel.: 55 2629 7220 |
Country: MEXICO |
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Goods/Services? : Fiber for quilting |
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Highest credit? : DC 2,500,000.= |
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Client since? : 2008 |
Terms? : 120 days |
Performance? : Prompt |
Comments : Monthly average: Ps$.250,000 Pesos. EXCELLENT CLIENT
Note : Other suppliers did not provide information or could not be
consulted
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Supplier |
Country |
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AKRA POLYESTER S.A. DE C.V. |
MEXICO |
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GRUPO ROMA MILLS, S.A. DE C.V. |
MEXICO |
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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.62.39 |
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1 |
Rs.101.80 |
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Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
---- |
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.