MIRA INFORM REPORT

 

 

Report Date :

12.06.2014

 

IDENTIFICATION DETAILS

 

Name :

CALDERÓN ORNELAS, ARTURO

 

 

Registered Office :

Hortencia No. 55, Lomas de San Miguel, Atizapán de Zaragoza, Postal Code 52928, Estado de México State

 

 

Country :

Mexico

 

 

Year of Establishment :

1990

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

engaged in import and marketing of polyester yarns

 

 

No of Employees :

01

 

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 :

Unknown

 

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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 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%.

 

Source : CIA

 

 

 

IDENTIFICATION

CORRECT CONCERN NAME

CALDERÓN ORNELAS, ARTURO

TAXPAYER REGISTRATION

RFC CAOA5512257M8

MAIN ADDRESS

Hortencia No. 55, Lomas de San Miguel, Atizapán de Zaragoza

POSTAL CODE

52928

DEPT/PROV/REGION/STATE

Estado de México

COUNTRY

MEXICO

TELEPHONE

(5255) 58773257

CORPORATE E-MAIL

arturo_calderon@hotmail.com

 

Cell phone number: 044 55 36605327

 

EXECUTIVE SUMMARY

Date of foundation

1990

permanent employees

1

Chief Executive

CALDERÓN ORNELAS, ARTURO

Disposition

Declined. Refused to answer unpolitely.

Payments policy

Without rating (No payment experience traced)

Credit (**)

UNDETERMINED RISK.(Insufficient or Non existent information).

Number of times that this concern was required: 3

 

REPUTATION

NOTHING AGAINST CONCERN

 

LEGAL STRUCTURE

LEGAL STATUS

Sole Proprietorship

 

 

DATE OF INCORPORATION

1990

PLACE OF REGISTRY

Atizapán de Zaragoza, Estado de México

 

 

CURRENT EXCHANGE RATE (US$)

Ps$13.21 per USD1.00

 

 

 

DIRECTORS

EXECUTIVES – SHAREHOLDERS

FULL NAMES / CONCERN NAME

TITLE

CALDERÓN ORNELAS, ARTURO

Owner/manager

 

BUSINESS HISTORY

 
Arturo Calderón Ornelas is a Mexican merchant who was registered in 1990 with the service of tax authorities (SAT) to operate its current business.
 
The Subject is not related to any other concern in the sector and/or individual with business activities.

 

BUSINESS

SIC Classification
Y - TEXTILES- HILANDERIA- TEJEDURIA Y CONEXOS (Industria textil: Hilanderia, tejeduria y teñido de telas. Producción y comercialización de textiles en general. No confeccion.)

 

(Textiles: Spinning, weaving and dyeing of fabrics.

Production and marketing of textiles in general. No confection)

Main activity

 
The Subject is engaged in import and marketing of polyester yarns.

 

 

OPERATIONS

Import

Yes

Country

India and Indonesia, by direct credit.

Export

No

% CASH SALES / METHOD

100%

% DOMESTIC PURCHASES

100%

SELLING TerritorY

Domestic market (100%)

EMPLOYEES

1

Comments

 

 
They sell to retailers and wholesalers.

 

LOCATION

OTHER PREMISES

 
Its administrative offices, sales and warehouse are located in the heading address within an urban area of the municipality.
 
The Subject has the following tax domicile:
 
-Colibrí No. 39, Col. Arboledas, Atizapán de Zaragoza, Estado de México, C.P. 52,950.
 
We clarify that in this address also operates the home of Mr. Arturo Calderón Ornelas.

 

FINANCIAL INFORMATION

Disposition

Declined. Refused to answer impolitely.

Information provided

After many efforts we contact Mr. Arturo Calderón Ornelas (Owner/Manager) who stated that under no circumstances they will provide details of his business.

 

This because he does not know the provider who is requesting the information and stated that because of the difficult situation the country is experiencing is very delicate to provide data to third parties.

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
UNDETERMINED
We estimate that Subject's financial Situation is INDETERMINATE, since we do not have financial statements that allow an accurate analysis of its results in its last financial year.

 

 

Property of concern comments

 

 
The concern has: 
-Transportation equipment 
-Furniture and office equipment 
-Computer equipment

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

 

TRADE REFERENCES

 

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

 

Supplier

Country

AGENCIA ADUANAL DÍAZ DE VEGA S.C.

MEXICO

ALOK INDUSTRIES, LTD.

INDIA

INDORAMA SYNTHETICS INDIA LIMITED

INDIA

N.J. TEXTILE INDUSTRIES PVT.

INDIA

PT INDO-RAMA SYNTHETICS TBK

INDONESIA

                                                    

 

Comments :

BBVA Bancomer S.A. The Subject is a client of the above-mentioned bank, without further information.

                                                                                                                                                                                        

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.33

UK Pound

1

Rs.99.42

Euro

1

Rs.80.32

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

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.