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Report No. : |
335997 |
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Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
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Name : |
TUFAN, S.A. DE C.V. |
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|
|
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Registered Office : |
Blvd. Adolfo López Mateos No. 2930 Loc. 24 Y 25 Ciudad De Mexico,
Distrito Federal, 01090 |
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Country : |
Mexico |
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Year of Establishment : |
1989 |
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Legal Form : |
Sociedad Anónima De Capital Variable |
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Line of Business : |
Retail Sale of Carpets, Curtains, Carpets and Related. |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Mexico |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
MEXICO - ECONOMIC
OVERVIEW
Mexico's $1.3 trillion economy has become increasingly
oriented toward manufacturing in the 21 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 2014, two-way trade in goods and services exceeded $550
billion. Mexico has free trade agreements with 46 countries, 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 two years in office,
passing and implementing sweeping education, energy, financial, fiscal and
telecommunications reform legislation, among others, with the long-term aim to
improve competitiveness and economic growth across the Mexican economy.
Although the economy is expected to experience stronger growth in 2015 as a
result of increased investment and stronger demand for Mexican exports, growth
is predicted to remain below potential for reasons of inefficiencies, with a
large portion of the economy and workforce in the informal sector, and
corruption. Over the medium-term, the economy is vulnerable to global economic
pressures, such as lower external demand, rising interest rates, and low oil
prices - approximately 30% of government revenue comes from the state-owned oil
company, PEMEX. The increasing integration of supply chains, development of the
energy sector, and government-to-government focus on trade facilitation will
continue to make the North American region increasingly competitive and
contribute to Mexican economic development and strength.
|
Source
: CIA |
STATUTORY INFORMATION
|
|
|
Order: |
TUFAN S DE RL DE
CV, |
|
Address in the
order: |
LOPEZ MATEOS # 2930
PLANTA ALTA LOCAL 24 COL. MEXICO, D.F.C.P. 01090 TIZAPAN MEXICO |
|
Legal Name: |
TUFAN, S.A. DE
C.V. |
|
Trade Name: |
TUFAN TAPETES |
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RFC: |
TUF8907319M9 |
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Date Created: |
1989 |
|
Date
Incorporated: |
1989 |
|
Legal Address: |
Blvd. Adolfo López
Mateos No. 2930 Loc. 24 Y 25 |
|
Operative
Address: |
Blvd. Adolfo
López Mateos No. 2930 Loc. 24 Y 25 |
|
Telephone: |
52 55 5681 2530 |
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Fax: |
52 55 5681 2530 |
|
Legal Form: |
Sociedad Anónima
de Capital Variable |
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Email: |
|
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Registered in: |
Mexico |
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Website: |
|
|
Contact: |
Araceli Sánchez
Arciniega, General Manager |
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Staff: |
26 |
|
Activity: |
Retail Sale Of
Carpets, curtains, carpets and Related |
|
|
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BANKS
|
|
|
BANAMEX |
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The company does
not disclose its banking details |
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History
|
|
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The company was
established in 1989. |
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PRINCIPAL
ACTIVITY |
|
|
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The company is
dedicated to the import and sale of carpets. |
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Products/Services
description: |
Cleanliness |
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Brands: |
TUFAN TAPETES |
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Sales are: |
Retail |
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Clients: |
FARZIN SA DE CV |
|
Suppliers: |
BALAT MENSUCAT
SAN.VE DIŞ TİC. A.Ş. |
|
Operations area:
|
National |
|
The company
imports from |
Europe, USA,
Turkey |
|
The company
exports to |
No exports |
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The subject
employs |
26 employees |
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Payments: |
No Complaints |
|
|
|
|
|
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LOCATION
|
|
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Headquarters : |
Blvd. Adolfo
López Mateos No. 2930 Loc. 24 Y 25 |
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Branches: |
The company has
branches at: |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
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Listed at the
stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a
private company. |
|
Management: |
Fariborz Alabi
Rogisadegan, Administrator |
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Related
Companies: |
There are no
related companies |
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FINANCIAL INFORMATION
|
|
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This is a
private company which does not make its financial public. |
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There are no financial records connected to the subject |
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LEGAL FILINGS
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There are no legal
records connected to the subject |
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SUMMARY
|
|
|
The
company is dedicated to the import and sale of carpets. The company has
5 branches, 27 years of experience in the market and a small sized structure. It mainly imports
from Turkey and Belgium and sells retail. There are no
negative records for the subject. |
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RISK INFORMATION
|
|
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
This Corporation
is in Good Standing |
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|
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INTERVIEW
|
|
|
NAME |
NA |
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POSITION |
Receptionists |
|
COMMENTS |
She transferred
to the manager and we left a message asking to return the call. We will
update order in case we receive his answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.76 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
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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 |
|
|
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 |
|
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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 |
|
|
<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.