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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
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Name : |
SOCIEDAD POTOSINA
DE COMERCIO EXTERIOR S.C. |
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Registered Office : |
Industrias 895, Colonia Valle Dorado 78399 San Luis Potosí
/ San Luis Potosí |
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Country : |
Mexico |
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Date of Incorporation : |
27.06.2001 |
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Legal Form : |
Civil Corporation |
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Line of Business : |
Subject is engaged in foreign trade, advice and services. |
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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 : |
Unknown |
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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
|
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)
Source
: CIA
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CORRECT COMPANY
NAME |
SOCIEDAD POTOSINA DE COMERCIO EXTERIOR S.C. |
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TRADE NAME |
SOCIEDAD POTOSINA DE COMERCIO EXTERIOR |
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TAXPAYER
REGISTRATION |
RFC PCE010627V86 |
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MAIN ADDRESS |
Industrias 895, Colonia Valle Dorado |
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POSTAL CODE |
78399 |
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DEPT/PROV/REGION/STATE |
San Luis Potosí / San Luis Potosí |
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COUNTRY |
MEXICO |
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TELEPHONE |
(52444) 8162782 |
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CORPORATE E-MAIL |
roberto.martinez@aajr.com.mx |
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WEB |
www.aajr.com.mx |
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LEGAL STATUS |
Civil Corporation |
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DATE OF
INCORPORATION |
27JUN2001 |
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PLACE OF
REGISTRY |
San Luis Potosi, San Luis Potosi |
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NOTARY OFFICE |
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DURATION |
99 years |
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CURRENT PAID-IN
CAPITAL |
Not specified |
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CURRENT EXCHANGE
RATE (US$) |
Ps$13.14 per US$1.= Dollar |
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COMMENTS |
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Subject is a Mexican company that was incorporated on 27/06/2010 in the city of San Luis Potosi, San Luis Potosi, and since its incorporation its legal status has not been changed. |
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RIVERA VAZQUEZ, JORGE ALEJANDRO |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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PROFESSION |
Lawyer |
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BACKGROUND
INFORMATION |
He studied at the International Institute of Public Administration in Paris, France, and the National Autonomous University of Mexico. He has over 18 years of experience in foreign trade. He has strengthened his companies as one of the most successful groups in Mexico. When he was 35 years old, he founded the firm "Jorge Rivera Agencias Aduanales", which is focused on foreign trade. |
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MEDINA VILLASEÑOR, REMEDIOS |
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TITLE |
Treasury Manager |
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NATIONALITY |
Mexican |
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MARTINEZ GARCIA, ROBERTO |
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TITLE |
Administrative Coordinato |
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NATIONALITY |
Mexican |
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PROFESSION |
Certified Public Accountant |
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Subject is related to the following companies: |
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SIC
Classification |
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Main activity |
Subject is engaged in foreign trade, advice and services. |
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OPERATIONS |
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Import |
Yes |
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Country |
Spain |
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Export |
Yes |
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COUNTRY |
Countries were not specified. |
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% CASH SALES /
METHOD |
50% |
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% Credit SALES /
Terms |
50% (30-day terms) |
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% Ventas
exterior (Paises) |
50% |
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% DOMESTIC
PURCHASES |
50% |
% FOREIGN
PURCHASES |
50% |
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SELLING
TerritorY |
50% (Domestic market) |
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Comments |
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Subject's main customers are mainly private companies. |
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Disposition |
Poor. Very few information was given. Politely. |
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Interviewee(s) |
Ms. Remedios Medina Villaseñor |
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Position(s) |
Treasury Manager |
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Information
provided |
We interviewed Ms. Remedios Medina Villaseñor (Treasury Manager), who provided information included in this report. She refused to provide any financial statements under confidentiality policy and because the requesting party's name was not disclosed. We consulted various third-party sources and official to supplement this report; however, in those consulted sources, no balance sheets were found. |
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Property of
company comments |
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Subject's main assets include: - Vehicles - Office furniture and equipment - Computer equipment |
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(Confidential Information)
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TRADE REFERENCES |
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Note : Other suppliers did not provide information or could not be consulted |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
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UK Pound |
1 |
Rs.97.77 |
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Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
|
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.