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Report Date : |
29.08.2014 |
IDENTIFICATION DETAILS
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Name : |
PEPE JEANS |
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Registered Office : |
Ejercito Nacional No. 843 B, Torre B, Tercer Piso, Col. Granada,
Deleg. Miguel Hidalgo |
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Country : |
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Date of Incorporation : |
09.02.1997 |
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Com. Reg. No.: |
11520 |
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Legal Form : |
Limited Liability Partnership of Variable Capital |
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Line of Business : |
Subject is a marketer of apparel and footwear for men and women. |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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'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.
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Source
: CIA |
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CORRECT COMPANY NAME |
PEPE JEANS MEXICO S. DE R.L. DE C.V. |
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TRADE NAME |
PEPE JEANS |
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TAXPAYER REGISTRATION |
RFC PJM070209H68 |
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MAIN ADDRESS |
Ejército Nacional No. 843 B, Torre B, Tercer Piso, Col. Granada,
Deleg. Miguel Hidalgo |
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POSTAL CODE |
11520 |
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DEPT/PROV/REGION/STATE |
Mexico D.F. |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 52622770 |
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CORPORATE E-MAIL |
masanchez@pepejeans.com |
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WEB |
www.pepejeans.com |
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COMMENTS |
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Another E-mail: datospersonales@pepejeans.com.mx |
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Date of foundation |
2007 |
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Chief Executive |
CERDA ALLANDE, JORGE ALBERTO |
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Disposition |
FAIR |
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Payments policy |
Without rating (No payment
experience traced) |
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LEGAL STATUS |
Limited Liability Partnership of Variable Capital |
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DATE OF INCORPORATION |
09FEB1997 |
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PLACE OF REGISTRY |
Mexico, Federal District |
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NOTARY OFFICE |
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DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$13.13 Pesos per USADollar |
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COMMENTS |
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Subject Company was founded on February 9, 2007 in Mexico, Federal
District and it acts as a licensee of the clothing brand "Pepe Jeans
London". |
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CERDA ALLANDE, JORGE ALBERTO |
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TITLE |
General Director |
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NATIONALITY |
Mexican |
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PROFESSION |
Business Administrator |
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BACKGROUND INFORMATION |
He holds a Bachelor of Administration from Instituto Tecnológico
Autónomo de México (Class 2000), professional license No. 3218702. General Director of PEPE JEANS MEXICO S. DE R.L. DE C.V. (January 2010
- to present) Senior Manager F&H Consumer Products at The Walt Disney Company
(March 200 - January 2010) He also takes part in Importaciones Roumina S.A. de C.V. |
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SÁNCHEZ MANRIQUE, MARÍA ANTONIETA |
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TITLE |
Legal Representative |
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NATIONALITY |
Mexican |
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PROFESSION |
Lawyer |
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BERNAL CEJUDO, ROCIÓ |
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TITLE |
Accounts Payable Officer |
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NATIONALITY |
Mexican |
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PROFESSION |
Public Accountant |
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The clothing brand "Pepe Jeans London" was created in 1973
in a stand in Portobello Market (London), where its founders, the Shah brothers,
made the original jeans. A few years later, their
success was such, they bought several
stores in the UK market. Then they implemented their international plans,
starting sales in the United States and then Europe. This brand is also
present now in Asia and Latin America.
One of its main objectives is to continue growing in those territories, by
being a great product, having a good quality-price relation and creative
advertising campaigns. Subject is not related to any other company in Mexico. |
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SIC
Classification |
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Main activity |
Subject is a marketer of apparel and footwear for men and women. BRAND: "Pepe Jeans London" |
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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 |
Thailand, Turkey, Spain, Colombia, etc., by direct credit |
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Export |
No |
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% CASH SALES / METHOD |
80% |
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% Credit SALES / Terms |
20% Terms: 30 days |
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% FOREIGN PURCHASES |
100% |
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SELLING TerritorY |
100% Domestic market |
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Comments |
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We were unable to identify with how many people the company is working
at the moment. Clients: General public through their own stores |
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Disposition |
Declined. For security reasons and/or competition. |
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Interviewee(s) |
C.P.A. Rocío Bernal Cejudo |
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Position(s) |
Accounts Payable Officer |
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Information provided |
We talked to C.P.A. Rocío Bernal Cejudo (Accounts Payable Officer) who
confirmed some of the information contained in this report and then ended the
phone call, indicating that by orders from her superiors can not provide more
information regarding the company to third parties. After much insistence she picked up the phone again and told us that
the only person authorized to provide more information is Lic. María
Antonieta Sánchez Manrique (Legal Representative) who all the while was in a
meeting. Therefore we supplemented report with information that was collected
from different external sources, public, etc. where it was not possible to
get updated balance sheets and / or referential accounting figures. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
FAIR Despite no balance sheets were available, refer to us the Company has
financial support of its owners |
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Property of company comments |
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Fixed Assets include: -Transport Equipment -Furniture And office equipment -Computer Equipment etc |
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Main fixed assets of the company (general
detail) |
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No insurance company or broker was reported. |
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(Confidential Information)
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TRADE REFERENCES |
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Subject does not register local credit experiences since it carries
out mainly importing activities. |
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Note : Other suppliers did not provide information or could not be
consulted |
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No adverse information was found against this Company in the sources
consulted. |
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Explanation about commercial reputation |
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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.60.47 |
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UK Pound |
1 |
Rs.100.35 |
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Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
SDA |
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.