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Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
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Name : |
PEPE JEANS MEXICO S. DE R.L. DE C.V. |
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Registered Office : |
Ejército Nacional No. 843 B, Torre B, Tercer Piso, Col. Granada,
Deleg. Miguel Hidalgo 11520 Mexico D.F. |
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Country : |
Mexico |
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Date of Incorporation : |
09.02.1997 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Sale of clothing 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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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%
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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 |
52622770 |
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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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EXECUTIVE SUMMARY |
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Date of foundation |
2007 |
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Disposition |
Declined. For security reasons and/or competition. |
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Payments policy |
Without rating (No payment experience traced) |
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Number of times that this company was required: 2 |
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LEGAL STRUCTURE |
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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 |
DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$13.12 Pesos per 1USD |
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DIRECTORS - EXECUTIVES – SHAREHOLDERS |
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WHO IS WHO? |
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CERDA ALLANDE, JORGE ALBERTO |
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TITLE |
CEO |
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NATIONALITY |
Mexican |
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PROFESSION |
Administrator |
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BACKGROUND INFORMATION |
He holds a Bachelor of Administration from Instituto Tecnológico
Autónomo de México (Class 2000), Document No. 3218702. CEO of PEPE JEANS MEXICO S. DE R.L. DE C.V. (January 2010 - at
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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BUSINESS HISTORY |
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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". The clothing brand "Pepe Jeans London" was founded in 1973
in a stand in Portobello Market (London), where its founders, the Shah
brothers, made the original jeans. A few years after their success, they bought several stores, and
became leaders in the UK market in the eighties. They implemented their
international plans, starting by the United States and then Europe, where it
soon became one of the major brands of jeans. This brand is also present now
in Asia and Latin America. One of its
main objectives is to continue growing in those territories. Being a great
product, having a good quality-price relation and creative advertising
campaigns, have made Pepe Jeans to be a leading brand that is currently
present in over 60 countries in the five continents. Subject is not related to any other company. |
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BUSINESS |
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SIC
Classification |
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Main activity |
Sale of clothing and footwear for men and women. Registered Trademark: "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 |
100% |
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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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Sales are made for the general public through its own stores. The number of employees was not revealed. |
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FINANCIAL INFORMATION |
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Disposition |
Declined. For security reasons and/or competition. |
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Interviewee(s) |
Judith Duran |
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Position(s) |
CEO Assistant |
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Information provided |
The interviewee told us that she has instructions from her superiors
to not provide any information to third parties. All the information contained in this report was gathered from
different external sources since in the company, they directly refused to
provide any kind of commercial and financial information on the company due
to confidentiality policies. No balance sheets, monthly and/or annual sales figures were disclosed
due to confidentiality reasons. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINED The company's Financial Standing is considered to be UNDETERMINED
since there are no financial statements that allow us to asses its results in
the last fiscal year. |
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Main fixed assets of the company (general
detail) |
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No insurance-related information could be obtained. |
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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.60.05 |
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1 |
Rs.101.32 |
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Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
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.