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Report No. : |
353460 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
FARZIN S DE RL DE
CV |
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Registered Office : |
Carr México - Toluca Km 50 Lote L1-7 Lerma de Lerdo, Estado de |
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Country : |
Mexico |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sociedad Anónima
De Capital Variable |
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Line of Business : |
Subject engaged in
marketing of imported rugs and accessories. |
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No. of Employee : |
3 |
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 : |
Small Company |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 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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Legal Name: |
FARZIN SA DE CV |
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Trade Name: |
FARZIN |
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RFC: |
FAR0010318A1 |
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Date Created: |
2000 |
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Date Incorporated: |
2000 |
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Legal Address: |
Carr México - Toluca
Km 50 Lote L1-7 Lerma de Lerdo, Estado de Mexico |
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Operative Address: |
Carr México -
Toluca Km 50 Lote L1-7 Lerma de Lerdo, Estado de Mexico |
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Telephone: |
52 728 2845100 |
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Fax: |
52 728 2845100 |
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Legal Form: |
SOCIEDAD ANÓNIMA DE CAPITAL VARIABLE |
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Email: |
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Registered in: |
Mexico |
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Website: |
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Contact: |
Ricardo García, Manager |
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Staff: |
3 |
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Activity: |
Home Decoration Items |
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Banks: |
BANAMEX |
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The company does not make
its banking data public |
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History
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The company was established
in 2000. |
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PRINCIPAL ACTIVITY
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This is a company dedicated to
the marketing of imported rugs and accessories. |
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Products/Services
description: |
Rug |
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Brands: |
NA |
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Sales are: |
Retail and Wholesale |
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Clients: |
General Clients |
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Suppliers: |
Oriental Weavers
International |
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Operations area: |
National |
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The company imports from |
Pakistan, Belgium, Egypt |
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The company exports to |
No exports |
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The subject employs |
3 employees |
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Payments: |
No complaints |
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LOCATION
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Headquarters : |
Carr México -
Toluca Km 50 Lote L1-7 Lerma de Lerdo, Estado de Mexico |
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Branches: |
SAN GERONIMO BOULEVARD
ADOLFO LOPEZ MATEO 2930, Mexico |
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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.
We could not confirm shareholders. |
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Management: |
Ricardo García, Manager |
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FINANCIAL INFORMATION
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The company does not make its financial statements public. The following information has been provided by private sources: |
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USD 2014 |
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Revenue |
100
000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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There are no legal connected
to the subject |
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SUMMARY
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This is a company dedicated
to the marketing of imported rugs and accessories. |
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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 |
Active |
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INTERVIEW |
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NAME |
Juan Carlos Garcia |
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POSITION |
Administrative |
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COMMENTS |
He confirmed address,
branch, manager, staff, experience, RFC, payment terms. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
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|
1 |
Rs.100.29 |
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Euro |
1 |
Rs.72.89 |
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Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TRU |
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 |
-- |
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.