|
Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ODEM INTERNACIONAL S.A. DE C.V. |
|
|
|
|
Registered Office : |
Félix Cuevas 6 Local Of. 1, Mezanine, Col. Tlacoquemecatl del Valle, Deleg. Benito Juárez 03230 |
|
|
|
|
Country : |
Mexico |
|
|
|
|
Date of Incorporation : |
11.03.1997 |
|
|
|
|
Legal Form : |
Stock Company of Variable Capital |
|
|
|
|
Line of Business : |
Subject is engaged in cutting and making of clothing for men, such as
suits, shirts, and ties. |
|
|
|
|
No. of Employees : |
200 |
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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
CORRECT COMPANY NAME |
ODEM INTERNACIONAL S.A. DE C.V. |
|
TRADE NAME |
ODEM INTERNACIONAL |
|
TAXPAYER REGISTRATION |
RFC OIN970311NF2 |
|
MAIN ADDRESS |
Félix Cuevas 6 Local Of. 1, Mezanine, Col. Tlacoquemecatl del Valle,
Deleg. Benito Juárez |
|
POSTAL CODE |
03230 |
|
DEPT/PROV/REGION/STATE |
México D.F. / Distrito Federal |
|
COUNTRY |
MEXICO |
|
TELEPHONE |
(5255) 56288000 |
|
CORPORATE E-MAIL |
sergioo@grupoodem.com |
|
WEB |
www.scappino.com |
|
COMMENTS |
|
|
Its request came without a phone. |
|
|
NOTE |
|
|
The address on your order is a previous address, the current address
is as indicated in our report. |
|
|
Date of foundation |
1997 |
|
Disposition |
Declined. For security reasons and/or competition. |
|
Payments policy |
Usually to terms / good |
|
Number of times that this company was required: 8 |
|
|
LEGAL STATUS |
Stock Company of Variable Capital |
|
|
|
DATE OF INCORPORATION |
11MAR1997 |
||
|
PLACE OF REGISTRY |
Mexico DF |
|
|
|
NOTARY OFFICE |
DURATION |
99 years |
|
|
CURRENT EXCHANGE RATE (US$) |
Ps$13.08 per USD1.00 |
|
|
|
MEMBERSHIP |
Cámara Nacional de la Industria del Vestido-CNIV; Cámara de Comercio
Italiana en México A.C. |
|
|
|
COMMENTS |
|
||
|
Originally established on 07/10/1989 under the name: CASA SCAPPINO
S.A. DE C.V. Subsequently, 11/03/1997 adopts current name: ODEM INTERNATIONAL SA DE
CV, to engage in the manufacture and marketing ofclothing and accessories for men. We show that in order to expand the information we have tried to make
query before Chamber of Commerce, Chamber of Industry, Customs and Tax
Administration Service - SAT, but these entities do not provide information
to third parties under their responsibility to consider it as confidential. Nor we were unable to obtain further details of the members of the
company, could only know that they are Mexican. They do not indicate the
amount of social capital. |
|||
|
FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
|
ORESTANO RAMOS, SERGIO PASCUAL |
General Director |
||
|
ORESTANO RAMOS, PASCUAL |
Commercial Director |
||
|
ORESTANO RAMOS, LUIS |
Stores Director |
||
|
ORESTANO RAMOS, ANTONIO |
Development Director |
||
|
ORESTANO RAMOS, RICARDO |
Internat. Purchasing Dir. |
||
|
CHANONA PETRIZ, JAVIER |
Traffic Manager |
||
|
SERAFIN CERECERO, GUILLERMINA |
Purchasing Mgr. |
||
|
HERNANDEZ, PATRICIA |
Treasury Director |
||
|
MARTINEZ, ARGELIA |
Finance Manager |
||
|
GRUPO ODEM S.A. DE C.V. |
Shareholder / Member |
Majority |
|
ORESTANO RAMOS, SERGIO PASCUAL |
|
|
TITLE |
General Director |
|
NATIONALITY |
Mexican |
|
PROFESSION |
Business Administrator |
|
BACKGROUND INFORMATION |
Is authorized to sign credits. Bachelor of Business Administration (Universidad Anahuac, 1987) |
|
GRUPO ODEM S.A. DE C.V. |
|
|
|
|
|
BUSINESS BACKGROUND Address: Calle Oso No.40, Despacho 502, Colonia Del Valle, CP 03230, Mexico,
Distrito Federal Tel. +5255 55247718 Fax. +5255 55245476 |
|
|
Subject is part of the Grupo Odem, which has a wide experience in
in-bond assembly and distribution of clothing, mainly for men. |
|
COMPANY NAME |
COUNTRY |
RELATION % |
|
|
ODEM S.A. DE C.V. |
MEXICO |
Related |
|
|
SERVICIOS ADMINISTRATIVOS ODEM S.A. DE C.V. |
MEXICO |
Related |
|
SIC Classification L - INDUSTRIA MANUFACTURERA - CONFECCIONES (Industria manufacturera diversa
de productos y artículos de consumo y utilitarios, vestidos, camisas,
confecciones) |
|||||||||
|
Main activity |
Subject is engaged in cutting and making of clothing for men, such as
suits, shirts, and ties. Wholesale and retail. Brand: Scappino |
||||||||
|
O P E R A T I O N S |
|||||||||
|
Import |
Yes |
||||||||
|
Country |
Italy |
||||||||
|
Export |
Yes |
||||||||
|
% CASH SALES / METHOD |
30% |
||||||||
|
% Credit SALES / Terms |
70% (30-day terms) |
||||||||
|
% DOMESTIC PURCHASES |
Yes |
% FOREIGN PURCHASES |
Yes |
||||||
|
SELLING TerritorY |
100% Domestic market |
||||||||
|
|||||||||
|
Comments |
|
||||||||
|
Its main customers in Italy are: - Liverpool México S.A. - Fábrica de Francias S.A. (*) Subject does not have a payroll of its own. Its related company
Servicios Administrativos Odem S.C. provides it with staff services.
Currently there are 200 employees. |
|||||||||
|
Disposition |
Declined. For security reasons and/or competition. |
|
Interviewee(s) |
Terceras fuentes |
|
Information provided |
All data contained in this report were collected through indirect means
(public sources, our own files, etc), it was not possible to obtain direct
information on the company's internal policy. On background it is known they are very reserved persons. We must emphasize that today Mexico is experiencing a climate of violence
and crime, which motivates poor cooperation of officials in serving our
representatives during the negotiations conducted, requiring in most cases
they reveal the identity of the source concerned . |
|
|
|
|
SALES |
US$ 0.00 () |
|
FINANCIAL SITUATION |
SATISFACTORY Despite not having available financial statements, they report that
the company has financial support of its owners. It is known that the company
operates without problems. It complies well with its obligations. |
|
Property of company comments |
|
|
Its main assets are 10 vehicles of which no specific brands or models,
plus furniture and office equipment; sewing team in general. |
|
|
Main fixed assets of the company (general
detail) |
|
|
It was not possible to obtain current information concerning
insurance. On background is known that kept contracted with GRUPO NACIONAL
PROVINCIAL S.A. DE C.V. |
|
(Confidential Information)
|
TRADE REFERENCES |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Note : Other suppliers did not provide information or could not be
consulted |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Explanation about commercial reputation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.