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Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TROUW NUTRITION MEXICO S.A. DE C.V. |
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Registered Office : |
Av. C No. 1101 Fracc. Central de Carga, 66494 |
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Country : |
Mexico |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.12.1982 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Subject is engaged in manufacture of vitamin premixtures, minerals and
food additives for animals. |
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No. of Employees : |
400 |
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
|
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'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 |
TROUW NUTRITION MEXICO S.A. DE C.V. |
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TRADE NAME |
TROUW NUTRITION |
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TAXPAYER REGISTRATION |
RFC TNM821207KP1 |
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MAIN ADDRESS |
Av. C No. 1101 Fracc. Central de Carga |
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POSTAL CODE |
66494 |
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DEPT/PROV/REGION/STATE |
San Nicolás de Los Garza, Nuevo León |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5281) 81447400 |
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WEB |
www.trownutrition.com |
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COMMENTS |
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E-mail: Karina.mendoza@nutreco.com Additional Website: www.nutreco.com |
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Date of foundation |
1982 |
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Capital stock |
Not specified |
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Shareholders' equity |
306,000,000.00 Pesos (31DEC2011) |
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Annual revenues |
US$ 63,206,871.87 Pesos (31DEC2011) |
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Profits (loss) |
52,000,000.00 Pesos (31DEC2011) |
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permanent employees |
400 |
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Chief Executive |
GONZALEZ ALANIS, LUIS LAURO |
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Disposition |
Declined. Needed to know the requestor's name. |
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Payments policy |
Usually to terms / good |
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Number of times that this company was required: 8 |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
07DEC1982 |
STARTING DATE |
1982 |
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NOTARY OFFICE |
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DURATION |
99 years |
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REGISTRATION |
Page 31011 |
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CURRENT PAID-IN CAPITAL |
Not specified |
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SHAREHOLDERS EQUITY |
306,000,000.00 Pesos (31DEC2011) |
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CURRENT EXCHANGE RATE (US$) |
Ps$12.96 per US$1.= Dollar |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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GONZALEZ ALANIS, LUIS LAURO |
General Director |
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RODRIGUEZ ROBLEDO, RODRIGO |
Finance Director |
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MENDOZA AVILA, LILIA KARINA |
Finance Manager |
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CHAVIRA, JUAN JOSE |
Accounting Assistant |
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NUTRECO N.V. |
Shareholder / Member |
100% |
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GONZALEZ ALANIS, LUIS LAURO |
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TITLE |
General Director |
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NATIONALITY |
Guatemalan |
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D.O.B. |
05MAR1955 |
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PROFESSION |
Engineer |
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TAX ID |
5453954-4 |
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ASSOCIATED AS PER OUR DATABASE TO |
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Subject was originally established as SISTEMAS PECUARIOS S.A. DE C.V. by
Deed No.7894. By Deed No.1884, dated 19/01/2005, its corporate name was
changed to TROUW NUTRITION MEXICO S.A. DE C.V. (minutes 6065 dated
30/06/2010). Since 1982, Trouw Nutrition started operating in the Mexican company. Through
various acquisition processes and mergers, Trouw Nutrition has increased its
participation in the animal nutrition in Mexico. Trouw Nutrition México is a
leading company that provides products and services for animal nutrition
under high quality standards, innovative additives and nutritional services
for the animal nutrition industry. At present, it has 3 production plants in
Monterrety, Guadalajara, and Cuernavaca. NUTRECO has plants in 25 countries, and worldwide it is a world leader
in premixtures. Its growth is based on quality and safety of its products and
services. Subject is related to the following companies: |
|
|
COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
|
AGRIPLACEMENT J2M INC. |
CANADA |
|
Related |
|
BEIJING DEJIA HONESTY LIVESTOCK IMPORT & EXPORT CO. LTD. |
CHINA |
|
Related |
|
BELLMAN NUTRIÇAO ANIMAL LTDA. |
BRAZIL |
|
Related |
|
COUVOIR SCOTT LTÉE |
CANADA |
|
Related |
|
DUTCHFEED HOLDING B.V. |
NETHERLANDS |
|
Related |
|
FERME BARIL DE ST.-FÉLIX INC. |
CANADA |
|
Related |
|
FERME BERTHIER INC. |
CANADA |
|
Related |
|
FERME GASTON INC. |
CANADA |
|
Related |
|
FERME LÉO HENAULT INC. |
CANADA |
|
Related |
|
FRANK WRIGHT LTD. |
UNITED KINGDOM |
|
Related |
|
GÈNE-ALLIANCE INC. |
CANADA |
|
Related |
|
HENDRIX MISR S.A.E. |
EGYPT |
|
Related |
|
HIFEED INDIA PVT. LTD. |
INDIA |
|
Related |
|
HIFEED ROMANIA SRL |
ROMANIA |
|
Related |
|
HIFEED RUSSIA B.V. |
NETHERLANDS |
|
Related |
|
ISOPORC INC. |
CANADA |
|
Related |
|
LACTECH INC. |
CANADA |
|
Related |
|
LACTECH L.P. |
CANADA |
|
Related |
|
LES PRODUITS AGRICOLES NORELCO INC. |
CANADA |
|
Related |
|
LOG BELL LOGISTICA INTEGRADA LTDA. |
BRAZIL |
|
Related |
|
MASTERLAB B.V. |
NETHERLANDS |
|
Related |
|
NANTA DE VENEZUELA C.A. |
VENEZUELA |
(AC) J075324374 |
Related |
|
NEWTECH FEED INC. |
CANADA |
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Related |
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NEWTECH FEED L.P. |
CANADA |
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Related |
|
NIEUWLAND FEED & SUPPLY LIMITED |
CANADA |
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Related |
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NORDOS (UK) LIMITED |
UNITED KINGDOM |
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Related |
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NUTRECO BELGIUM N.V. |
BELGIUM |
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Related |
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NUTRECO BRASIL NUTRIÇAO ANIMAL LTDA. |
BRAZIL |
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Related |
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NUTRECO ITALY S.P.A. |
ITALY |
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Related |
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NUTRECO MEXICO S.A. DE C.V. |
MEXICO |
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Related |
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POIRIER BERARD LTÉE |
CANADA |
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Related |
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PT TROUW NUTRITION INDONESIA |
INDONESIA |
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Related |
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SELKO B.V. |
NETHERLANDS |
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Related |
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SHUR-GAIN HOLDING INC. |
CANADA |
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Related |
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SLOTEN B.V. |
NETHERLANDS |
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Related |
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SLOTEN GMBH |
GERMANY |
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Related |
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SLOTEN GROEP B.V. |
NETHERLANDS |
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Related |
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TAIGAO NUTRITION TECHNOLOGY (BEIJING) CO. LTD. |
CHINA |
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Related |
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TAIGAO NUTRITION TECHNOLOGY (HUNAN) CO. LTD. |
CHINA |
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Related |
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TECHKORM LLC |
RUSSIA |
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Related |
|
TRADEMAN LATINOAMERICA S.A. |
PARAGUAY |
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Related |
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TROUW HOROS B.V. |
NETHERLANDS |
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Related |
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TROUW NUTRITION (NORTHERN IRELAND) LIMITED |
UNITED KINGDOM |
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Related |
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TROUW NUTRITION (UK) LIMITED |
UNITED KINGDOM |
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Related |
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TROUW NUTRITION BIOFAKTORY, S.R.O. |
CZECH REPUBLIC |
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Related |
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TROUW NUTRITION C.I.S. |
RUSSIA |
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Related |
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TROUW NUTRITION DEUTSCHLAND GMBH |
GERMANY |
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Related |
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TROUW NUTRITION ESPAÑA S.A. |
SPAIN |
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Related |
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TROUW NUTRITION GUATEMALA S.A. |
GUATEMALA |
(AC) 54259290 |
Related |
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TROUW NUTRITION HELLAS S.A. |
GREECE |
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Related |
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TROUW NUTRITION HIFEED B.V. |
NETHERLANDS |
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Related |
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TROUW NUTRITION INDIA PVT LTD. |
INDIA |
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Related |
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TROUW NUTRITION INTERNATIONAL B.V. |
NETHERLANDS |
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Related |
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TROUW NUTRITION KÖRNYE KFT. |
HUNGARY |
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Related |
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TROUW NUTRITION LIMITED |
UNITED KINGDOM |
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Related |
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TROUW NUTRITION NEDERLAND B.V. |
NETHERLANDS |
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Related |
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TROUW NUTRITION POLSKA SP. Z O.O. |
POLAND |
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Related |
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TROUW NUTRITION RUSSIA B.V. |
NETHERLANDS |
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Related |
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TROUW NUTRITION SLOVAKIA, S.R.O. |
SLOVAKIA |
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Related |
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TROUW NUTRITION TECHNOLOGY (BEIJING) CO. LTD. |
CHINA |
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Related |
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TROUW NUTRITION TURKEY |
TURKEY |
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Related |
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TROUW NUTRITION UKR LLC |
UKRAINE |
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Related |
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TROUW NUTRITION USA LLC |
U.S.A. |
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Related |
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TROUW NUTRITION VORONEZH LLC |
RUSSIA |
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Related |
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TROUWFARMA S.A. |
SPAIN |
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Related |
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WILLIE DORAIS INC. |
CANADA |
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Related |
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YANTZI'S FEED & SEED LTD. |
CANADA |
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Related |
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SIC Classification T - PROD. QUIMICOS- PLASTICOS- VETERINARIOS-AGROQUIMICOS (Industria
quimica en general, Produccion y comercializacion de plasticos y derivados,
Veterinarios y agroquímicos, Reactivos) |
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Main activity |
Subject is engaged in manufacture of vitamin premixtures, minerals and
food additives for animals. Sold products: Food additives, specialized food, premixtures, food and
mineral supplements, milk substitute line, mineral blocks. Sold brands: VITAMIN, HALINE, MEGAMIN, NUTRECO, KALBERMILCH, OPTIMINTM, BETAIN |
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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 |
Netherlands, United States, Belgium |
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SELLING TerritorY |
Domestic market |
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EMPLOYEES |
400 |
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Comments |
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Subject's main customers include: - BACHOCO - GRUPO PECUARIO SAN ANTONIO - INTERPEC SAN MARCOS - AVICULTORES CORDOBESES ASOCIADOS - PRODUCTOS AVICOLAS EL CALVARIO AGRIBANDS PURINA - NESTLE MEXICO |
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Disposition |
Declined. Needed to know the requestor's name. |
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Interviewee(s) |
Lilia Karina Mendfoza Avila |
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Position(s) |
Finance Manager |
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Information provided |
The contacted person refused to provide any information because the
requesting party's name was not disclosed. Therefore, this report was developed with information that was
collected from third-party sources, official and our files. In those
consulted sources, it was not found any updated balance sheets or estimated
figures. As references, from our files, it is included the annual balance
sheet as of 31/12/2011. |
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FINANCIAL SITUATION |
SATISFACTORY Although no financial statements are available, subject is referred to
be financially supported by its owners. It is publicly known that subject
operates smoothly. It pays satisfactorily its obligations. |
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Property of company comments |
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Subject's main assets include: - Plot of land and buildings (offices and plant). - Vehicles - Office furniture and equipment - Containers, laboratory equipment, mixers, sewing machines, packaging
machines. |
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Main fixed assets of the company (general
detail) |
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It was not obtained any information on insurances. |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
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Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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.