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Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
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Name : |
EXPO-ARRENDADORA S.A. DE C.V. |
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Registered Office : |
Calle Ferrocarril No. 27, Fracc. Industrial Alce Blanco, Municipio
Naucalpan de Juárez |
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Country : |
Mexico |
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Date of Incorporation : |
13.07.1988 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
The Subject is engaged in the purchase and sale of industrial
machinery, wire, wire mesh. |
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No. of Employees |
8 |
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 31st, 2014
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 |
EXPO-ARRENDADORA S.A. DE C.V. |
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TRADE NAME |
EXPO-ARRENDADORA |
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TAXPAYER REGISTRATION |
RFC EAR880713PT3 |
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MAIN ADDRESS |
Calle Ferrocarril No. 27, Fracc. Industrial Alce Blanco, Municipio
Naucalpan de Juárez |
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DEPT/PROV/REGION/STATE |
Estado de México |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 55765630 |
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CORPORATE E-MAIL |
roman@temisamexico.com |
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COMMENTS |
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FAX: (55) 53586883 The Subject does not have website. |
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Date of foundation |
1988 |
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permanent employees |
8 |
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Disposition |
Declined. Needed to know the requestor's name. |
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Payments policy |
Without rating (No payment experience traced) |
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Credit (**) |
UNDETERMINED RISK.(Insufficient or Non existent information). |
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Number of times that this company was required: 2 |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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LEGAL STATUS |
Stock Company of Variable Capital |
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DATE OF INCORPORATION |
13JUL1988 |
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PLACE OF REGISTRY |
Naucalpan de Juárez, State of Mexico |
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NOTARY OFFICE |
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DURATION |
99 years |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12.85 per USADollar |
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COMMENTS |
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Despite a long search no information on executives, shareholders or
further details about the incorporation of this Company were available. |
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MENDOZA GARCILAZO, ROMÁN |
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TITLE |
Accountant |
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NATIONALITY |
Mexican |
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BACKGROUND INFORMATION |
He has a Public Accountant Degree from the National Polytechnic
Institute (Promotion 1988), Certificate No.1237329. |
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Expo-Arrendadora S.A. de C.V., is a 100% Mexican company, founded on July
13, 1988 in Naucalpan, State of Mexico and from the start of operations has
not changed its legal structure. It is related to the following company: |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO
MAJORITY SHAREHOLDER
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SIC
Classification |
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Main activity |
The company is engaged in the purchase and sale of industrial
machinery, wire, wire mesh. |
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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 |
China, India, etc.., By direct credit from 45 to 60 Days. |
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Export |
Yes |
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COUNTRY |
Sporadically to Central and South America and the United States |
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% Credit SALES / Terms |
100% (Terms: 30-45-60-90 Days) |
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% DOMESTIC PURCHASES |
50% |
% FOREIGN PURCHASES |
50% |
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SELLING TerritorY |
Domestic and foreign market |
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EMPLOYEES |
8 |
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Comments |
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The Company has no workers payroll. It has staff working against fees
and there are currently 8 employees. CLIENTS: -Telas Metálicas Industriales S.A. de C.V. -Pemex Refinación |
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Disposition |
Declined. Needed to know the requestor's name. |
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Interviewee(s) |
C.P.A. Román Mendoza Garcilazo |
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Position(s) |
Accountant |
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Information provided |
We conducted the interview with C.P.A. Román Mendoza Garcilaso
(Accountant) who confirmed us the information contained in this report. He commented he could not provide further trade data or any financial
data of the company due to not knowing the name of the company asking for the
report. At the same time, we performed queries on various external sources
where we gathered additional information except referential financial
figures. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINED The financial situation of this Company is considered to be
UNDETERMINED, because there are no financial figures allowing a financial
analysis of the results in its last fiscal year. Very few or no commercial references
prevents us from establishing its payment habits. Have no better knowledge of
the owners creditworthiness. Reluctance in their statements, derived from
confidential policies, prevents us
from having more external sources to evaluate. Public and private sources of
information do not report further details. Company lacks transparency, so
caution is recommended. |
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Property of company comments |
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Machinery and equipment Etc. |
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Main fixed assets of the company (general
detail) |
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The Company is not covered by insurance policies at present. |
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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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No adverse information was found against this Company in the different
sources researched. |
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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.59.03 |
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UK Pound |
1 |
Rs.98.91 |
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Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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.