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Report No. : |
351305 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
HILADOS Y TEJIDOS SPRING SA DE
C V |
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|
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Registered Office : |
Carretera México-Querétaro Km
42 Cuautitlán, Estado de México 54820 |
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Country : |
Mexico |
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Date of Incorporation : |
1995 |
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Legal Form : |
Variable Capital Corporation |
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Line of Business : |
Subject engaged in manufacture
of textile products. |
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No. of Employee : |
135 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
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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 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.
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Source
: CIA |
STATUTORY INFORMATION
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|
|
Order: |
HILADOS Y
TEJIDOS SPRING SA DE C V |
|
Address in the
order: |
CARRETERA MEXICO
QUERETARO KM. 42. LOCAL 2, |
|
Legal Name: |
HILADOS Y TEJIDOS
SPRING SA DE C V |
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Trade Name: |
SPRING SA DE C V
|
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RFC: |
HTS 131112 696 |
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Date Created: |
1995 |
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Date
Incorporated: |
1995 |
|
Legal Address: |
Carretera
México-Querétaro Km 42 |
|
Operative Address: |
Carretera
México-Querétaro Km 42 |
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Telephone: |
555 870 1170 |
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Fax: |
555 870 1170 |
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Legal Form: |
SOCIEDAD ANÓNIMA
DE CAPITAL VARIABLE |
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Email: |
NA |
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Registered in: |
Mexico |
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Website: |
No website |
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Contact: |
Mayer Cohen
Zaga, Director |
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Staff: |
135 |
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Activity: |
Textile Industry |
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|
|
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BANKS |
BANAMEX |
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|
|
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The company does
not make its banking data public |
History
|
|
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The company was
established in 1995 |
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PRINCIPAL ACTIVITY
|
|
|
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The company is
dedicated to the manufacture of textile products. |
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Products/Services
description: |
MATTRESS |
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Brands: |
SPRING |
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Sales are: |
Wholesale |
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Clients: |
Premiere Intl Mkg
Co, Inc |
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Suppliers: |
Juikin Limited |
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Operations area:
|
National and
International |
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The company
imports from |
Hong Kong,
Colombia |
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The company
exports to |
USA |
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The subject
employs |
135 employees |
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Payments: |
Slow but correct |
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|
|
|
|
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LOCATION
|
|
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Headquarters : |
Carretera
México-Querétaro Km 42 |
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Branches: |
The company does
not have branches |
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Related
Companies: |
Mayer Cohen Zaga
is also related to: Grupo Comercial Atlas S.A. de C.V. |
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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. Major holder would be Mayer Cohen Zaga. |
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Management: |
Mayer Cohen
Zaga, Director |
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|
|
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FINANCIAL INFORMATION
|
|
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This is a private
company which does not make its financials public. |
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There are no
financial figures connected to the subject |
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LEGAL FILINGS
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There are no
lega for the subject |
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SUMMARY
|
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The company is
dedicated to the manufacture of textile products. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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|
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INTERVIEW |
|
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NAME |
NA |
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POSITION |
Administrative |
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COMMENTS |
The woman contacted
confirmed address, legal name, manager and activity. She refused to provide
further data on the subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
|
MXN |
1 |
Rs.4.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
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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 |
|
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.