MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

MARISCAL MODA HOMBRE S.A. DE C.V.

 

 

Registered Office :

Venustiano Carranza 477 Sur, Col. Centro, 64000 Monterrey, Nuevo León

 

 

Country :

Mexico

 

 

Date of Incorporation :

03.05.1991

 

 

Legal Form :

Stock Company of Variable Capital

 

 

Line of Business :

Subject is engaged in manufacture and trading of clothing items for men.

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

D

 

 

MEXICO ECONOMIC OVERVIEW

 

Mexico's $1.3 trillion economy has become increasingly oriented toward manufacturing in the 20 years since the North American Free Trade Agreement (NAFTA) entered into force. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Mexico has become the United States' second-largest export market and third-largest source of imports. In 2013, two-way merchandise trade reached nearly $507 billion. 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 formed the Pacific Alliance with Peru, Colombia and Chile. Mexico's current government, led by President Enrique PENA NIETO, emphasized economic reforms during its first year in office, passing education, energy, financial, fiscal and telecommunications reform legislation. The three-party "Pact for Mexico" reform agenda aims to improve competitiveness and economic growth across the Mexican economy.

 

Source : CIA

 

 

IDENTIFICATION

 

CORRECT COMPANY NAME

MARISCAL MODA HOMBRE S.A. DE C.V.

TRADE NAME

MARISCAL

TAXPAYER REGISTRATION

RFC MMH910503HG4

MAIN ADDRESS

Venustiano Carranza 477 Sur, Col. Centro

POSTAL CODE

64000

DEPT/PROV/REGION/STATE

Monterrey, Nuevo León

COUNTRY

MEXICO

TELEPHONE

(52818) 1307800

WEB

www.mariscalmoda.com

COMMENTS

 

 
E-mail:                                      klopez@grupobamex.com 
 

 

 

EXECUTIVE SUMMARY

 

Date of foundation

1991

Capital stock

Not specified

Chief Executive

MARCOS KURI, RUBEN

Disposition

UNDETERMINED

Financial Situation

Poor. Very few information was given. Politely.

Payments policy

Usually to terms / good

Credit (**)

UNDETERMINED RISK.(Insufficient or Non existent information).

Number of times that this company was required: 3

 

 

LEGAL STRUCTURE

 

LEGAL STATUS

Stock Company of Variable Capital

 

 

DATE OF INCORPORATION

03MAY1991

 

 

PLACE OF REGISTRY

Monterrey

 

 

NOTARY OFFICE

 

DURATION

99 years

CURRENT PAID-IN CAPITAL

Not specified

 

 

CURRENT EXCHANGE RATE (US$)

Ps$13.10 per US$1.= Dollar

 

 

COMMENTS

 

 
It was not possible to obtain additional information on subject's incorporation, as well as its capital stock, shareholders' names, etc.
 
Out of, we know that subject merged with the company BIMA INTERNACIONAL S.A. DE C.V. (Mexico).

 

 

DIRECTORS - EXECUTIVES - SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

MARCOS KURI, GILBERTO

Chairman

 

 

MARCOS KURI, RUBEN

General Director

 

 

GONZALEZ APARICIO, OLGA

Trading Manager

 

 

LOPEZ, KARINA

Head of Taxes

 

 

RODRIGUEZ, GABRIELA

Imports

 

 

 

 

BUSINESS HISTORY

 

Subject is related to the following companies.

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

STA. - TAX REG.

RELATION

ACTIVITY

GRUPO BAMEX S.A. DE C.V.

MEXICO

 

Related

 

MANUFACTURAS MAYCO S.A. DE C.V.

MEXICO

 

Related

 

 

BUSINESS

 

Main activity

 
Subject is engaged in manufacture and trading of clothing items for men.
 
Sold products: Dress shirts, denim shirts, casual shirts, guayaberas, pants, coats, jackets, underwear, etc.
 
Sold brands: GRUPO BAMEX, MARISCAL, JOHN HENRY.

O P E R A T I O N S

Import

Yes

Country

USA, India, Thailand, Colombia, Turkey

% Credit SALES / Terms

100% (Terms: 30, 45 days)

% DOMESTIC PURCHASES

20%

% FOREIGN PURCHASES

80%

SELLING TerritorY

100% (Domestic market)

 

LOCATION

PREMISES

Own Settled

AREA

3,000 m2

OTHER PREMISES

 
Subject's administrative offices, warehouse and production plant are located on the above-mentioned address.
 
No other premises were found.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Karina Lopez / Gabriela Rodriguez

Position(s)

Head of Taxes / Import Area

Disposition

C: Poor. Very few information was given. Politely.

Information provided

 
We were attended first by Mrs. Olga Gonzalez Aparicio, who refused to provide any information unless the requesting party's name was disclosed. Then, we talked with Mrs. Karina Lopez (Head of Taxes), who confirmed some information, as well as with Mrs. Gabriela Rodriguez (Import Area), who confirmed other details. However, they both did not have access to financial information and mentioned that Mr. Ruben Marcos was the authorized person to provide it, but he was busy to attend us.
 
Additionally, we consulted third-party sources, official and our files to supplement this report. However, it was not found any balance sheets or estimated figures.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
NN: UNDETERMINED
This company's Financial Situation is deemed to be UNDETERMINED because it was not found any Financial Statements to carry out a proper analysis of its performance over the last fiscal year.

 

INSURANCE

COMPANY

AGAINST

AMOUNT

EXPIRATION

GRUPO NACIONAL PROVINCIAL

All risk

Not specified

N/specif.

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

Comment

C.I. IBLU S.A.C.

COLOMBIA

 

RELIANCE INDUSTRIES LTD.

INDIA

 

S.A.S. WEAVING CO LTD.

THAILAND

 

OZTEKS TEKSTIL SAN VE TIC LTD.

TURKEY

 

 

THE FOLLOWING INFORMATION IS REPORTED BY RISK INFORMATION CENTER

 

No reported banking debt.

 

BANK DEBT REPORTED BY SUPERINTENDENCY OF BANK & INSURANCE (SBS)

 

No reported banking debt.

 

 

LAWSUITS

In consulted sources, it was found a lawsuits against subject.
 
File No.0825/2009
State: Nuevo Leon
Court: Concurrent Jurisdiction 8
Plaintiff: Paulo Mecchia Grazioli
Defendant: Mariscal Moda Hombre S.A. de C.V.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 60.85

UK Pound

1

Rs. 102.68

Euro

1

Rs. 81.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.