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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ANILINAS Y QUIMICOS TEXTILES
S.A. DE C.V. |
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Registered Office : |
Monterrey 178, Col. Valle Ceylan, Tlalnepantla de Baz,
54150 Estado |
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Country : |
Mexico |
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Date of Incorporation : |
13.03.1989 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Commercialization of a wide range of dyeing for all textile fibers and a variety of specialized auxiliaries for all wet processes in the textile industry. |
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No. of Employees |
15 |
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 : |
No complaints |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 |
ANILINAS
Y QUIMICOS TEXTILES S.A. DE C.V. |
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TRADE NAME |
ANYLQUIMTEX |
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TAXPAYER REGISTRATION |
RFC AQT890313RM2 |
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MAIN ADDRESS |
Monterrey 178, Col. Valle
Ceylan, Tlalnepantla de Baz |
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POSTAL CODE |
54150 |
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DEPT/PROV/REGION/STATE |
Estado de Mexico |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 53887592 - 53883880 |
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CORPORATE E-MAIL |
info@anylquimtex.com |
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WEB |
www.anylquimtex.com |
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LEGAL STATUS |
Stock Company of Variable
Capital |
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DATE OF INCORPORATION |
13MAR1989 |
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NOTARY OFFICE |
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DURATION |
99 years |
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ANTUNEZ
MILLAN, HECTOR |
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TITLE |
Director General |
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NATIONALITY |
Mexican |
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D.O.B. |
15OCT1948 |
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CIVIL STATUS |
Married to Silvia Salgado
Saavedra |
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TAX ID |
AUMH481025LX6 |
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BACKGROUND INFORMATION |
He has 2 children. |
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ANTUNZ
SALGADO, JESSICA |
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TITLE |
Commercial Director |
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NATIONALITY |
Mexican |
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SOLANO
VALLEJO, DORIS |
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TITLE |
General Accountant |
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NATIONALITY |
Mexican |
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PROFESSION |
Chartered Accountant |
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ANTUNEZ
SALGADO, HECTOR |
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TITLE |
Shareholder |
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NATIONALITY |
Mexican |
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ANILINAS Y QUÍMICOS TEXTILES S.A. DE C.V. is a Mexican company formed on March 13, 1989, in the City of Mexico, having not changed since then its legal status.It is not related to any other company. |
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Main activity |
Commercialization of a wide range of dyeing for all textile fibers and a variety of specialized auxiliaries for all wet processes in the textile industry. Products offered by the Company are used in the following textiles processes: Pre-Treatment : Lubricants Dyeing: Dyes Stamp: Adhesives |
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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 |
India, Netherlands; direct
credit at 90 days |
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Export |
No |
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% CASH SALES / METHOD |
10% |
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% Credit SALES / Terms |
90% (30, 90 days) |
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% DOMESTIC PURCHASES |
100% |
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SELLING TerritorY |
Domestic market - 100% |
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EMPLOYEES |
15 |
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Comments |
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Main Clients:- AMERICAN COTTON S.A. DE C.V.- CANNON MILLS- CINTAS Y TELAS ELÁSTICAS S.A. DE C.V.- GUTERMANN- NOVALAN- LANAS FILTEX S.A. DE C.V.- KALTEX- VITOS- AMERICAN TEXTIL S.A. DE C.V.- ZAGIS- TEJIDOS LIDIA S.A. DE C.V.- ENTRETELAS BRINCO S.A. DE C.V.ANILINAS Y QUÍMICOS TEXTILES S.A. DE C.V. is part of the global network that represents and distributes goodsof Tanatex Chemicals, being representatives in Mexico of such company whose headquarters and factory are based in Ede, Netherlands and in Leverkusen, Germany. |
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Disposition |
Moderate. Some data and
figures were confirmed. |
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Interviewee(s) |
Jessica Antúnez Salgado |
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Position(s) |
Commercial Director |
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Information provided |
Ms. Antúnez supplied the information in this report, except for the financials. She only commented monthly Turnover is in the region of Ps$.5,000,000 Pesos.We checked other sources but neither balance sheets or estimated accounting figures were available. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
B: FAIRDespite no balance sheets were available, It is publicly known that the Company operates without problems. It fulfills its obligations satisfactorily. |
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Property of company comments |
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They include:- Office furniture and fixtures- Computers- Vehicles (2 delivery vans (5, and 3.5 tons) 3 NISSAN vans) |
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INSURANCE |
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(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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Explanation about commercial reputation |
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Consulted
Credit Amount : |
Maximum Credit |
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The lack of financials do not allow us to issue a credit opinion |
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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.59.99 |
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1 |
Rs.101.75 |
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Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
PDT |
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.