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Report Date : |
04.04.2014 |
IDENTIFICATION DETAILS
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Name : |
TEXPERT S.A. DE C.V. |
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Registered Office : |
Fopenhague No. 24-303, Juárez, Cuauhtémoc, Postal Code 06600 |
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Country : |
Mexico |
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Date of Incorporation : |
13.09.2011 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
manufacturer and distributor of threads. Subject product range includes :
· 100% Cotton · Core-Spun Poly Poly · Industrial Sewing Thread · 100% Polyester Staple Fiber · Textured Filament · Rigid Filament |
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No. of Employees |
300 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 recovered during 2010-13 with exports - particularly
to the United States - leading the way. 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 emphasized economic reforms during its first year in
office, passing education, energy, financial, fiscal and telecommunications
reform legislation. Nevertheless, administration estimates show GDP growth
slowed in 2013 to just over 1%.
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Source : CIA |
IDENTIFICATION |
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CORRECT COMPANY NAME |
TEXPERT S.A. DE
C.V. |
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TRADE NAME |
HILOS CLAUDIA |
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TAXPAYER REGISTRATION |
RFC TEX110913R51 |
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MAIN ADDRESS |
Fopenhague No. 24-303, Juárez, Cuauhtémoc |
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POSTAL CODE |
06600 |
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DEPT/PROV/REGION/STATE |
México D.F. |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 52083049 |
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CORPORATE E-MAIL |
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WEB |
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COMMENTS |
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Toll free number: 01 800 CLAUDIAOther e-mails: contabilidad1@claudia.com.mx trafico@claudia.com.mx produccion@claudia.com.mx The report was requested under the name of TEXPERTA S.A. DE C.V.We clarify that the correct legal name of the company is TEXPERT S.A. DE C.V. |
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EXECUTIVE SUMMARY |
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Date of foundation |
2011 |
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permanent employees |
300 |
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Chief Executive |
AGUIRRE RAMÍREZ, JORGE |
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Disposition |
Moderate. Some data and figures were
confirmed. |
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Payments policy |
Usually to terms / good |
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Credit (**) |
UNDETERMINED RISK.(Insufficient or Non
existent information). |
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Number of times that this company was
required: 2 |
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REPUTATION |
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NOTHING AGAINST COMPANY |
LEGAL STRUCTURE |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
13SEP2011 |
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PLACE OF REGISTRY |
México D.F. |
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NOTARY OFFICE |
DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$13.21 per USD1.00 |
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EXECUTIVES –
SHAREHOLDERS
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BUSINESS HISTORY |
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Texpert S.A. de C.V. is a 100% Mexican company, which has its roots foundation since 1973 when the company HILOS CLAUDIA S.A. DE C.V. was founded (RFC: HCL841019G72). -On September 13, 2011, HILOS CLAUDIA S.A. DE C.V., took the business name of TEXPERT S.A. DE C.V.-Today, Hilos Claudia is considered one of the three producers of sewing thread in Mexico.The Subject is not associated with any other company in the sector. |
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BUSINESS |
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SIC Classification |
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Main activity |
The company is engaged in the manufacture and distribution of threads.Their products can be grouped into five basic types: . 100% Cotton . Core-Spun Poly Poly . Industrial Sewing Thread . 100% Polyester Staple Fiber . Textured Filament . Rigid Filament Their sizes range from 5 to tex to 220 tex for polyester yarns. It offers a menu of over 800 colors. When a customer requires a special color, equal in only three days and stained in less than 1 week on lots from 20 kg.Brands: Hilos Claudia ® |
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OPERATIONS |
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Import |
Yes |
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Country |
Malaysia, India, China, Taiwan and Italy,
by direct credit of 180 days. |
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Export |
No |
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% CASH SALES / METHOD |
30% |
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% Credit SALES / Terms |
70% (Terms: 30 days) |
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% DOMESTIC PURCHASES |
20% |
% FOREIGN PURCHASES |
80% |
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SELLING TerritorY |
Domestic market (100%) |
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EMPLOYEES |
300 |
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Comments |
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The company has clients such as:WARNACOLocation: TlaxcalaSwimwear, intimate apparel, sportswearBrands: Speedo, Calvin Klein, Warner, Caps.CONFECCIONES CORPORATIVASLocation: Guadalajara, Jal.Manufacture of all kinds of garments TEXTILES LEONLocation: León. Gto.Embroidered bracelets, embroidered labels, elastics, etc.RINTEXLocation: Cuernavaca, Mor.T-shirtENLACES TEXTILESLocation: Monterrey, N.L.Sale of sewing thread for garment industry.COLCHAS MEXICOLocation: Cuautitlán, Edo. De Mex.Quilts, blankets, coordinated, bedspreads, sheets, tablecloths, robes, decorative curtains, etc..Brand: Concord.GRUPO PARISINALocation: México, D.F.Haberdashery, fashion, decor, rugs, etc..SPRINGHOUSELocation: Cuautitlán Izcalli, Edo de México.Manufacture, sale and export of textilesLATIN AMERICAN LABELSLocation: Huehuetoca, Edo de MéxicoWoven labels, printed, woven tapes etc..IUSA IZTAPALAPALocation: Iztapalapa, D.F.Manufacturer of labels, badges, ribbons, stripes and woven for garment industry and shoe applications.FINOS TEXTILES DE MEXICOLocation: México, D.F.Manufacturer of woven labels, printed labels, embroidered badges, etc..CREACIONES GUZLocation: Los Reyes La Paz, Edo de México.Swimwear, sportswear and accessoriesETIQUETAS Y CINTAS TEJIDAS SENVATEXLocation: TlaxcalaDevelopment and manufacture of woven labels and ribbons. |
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FINANCIAL INFORMATION |
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Disposition |
Moderate. Some data and figures were
confirmed. |
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Interviewee(s) |
Oscar Nolasco García |
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Information provided |
The interviewee provided the information contained in this report. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINEDWe do not have financial statements that enable an accurate analysis of their results in the last year, however, specialized sources consulted did not report background against it, and their suppliers expressed in good terms about it and its record of payments, without observations against it. |
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Property of company comments |
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The company has: -Transportation equipment -Furniture and office equipment -Computer equipment |
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INSURANCE |
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TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS(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
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Indian Rupees |
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US Dollar |
1 |
Rs.60.12 |
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UK Pound |
1 |
Rs.100.07 |
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Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
MNL |
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.