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Report No. : |
354800 |
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Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PENTAIR VALVES & CONTROLS DE MEXICO SA DE CV |
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Registered Office : |
Calle 3, Lotes 13, 14 Y 15 Mz 3 El Salto, Jalisco 45680 |
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Country : |
Mexico |
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Date of Incorporation : |
1963 |
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Legal Form : |
Sociedad Anonima de Capital Variable |
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Line of Business : |
Industrial Equipment Wholesalers Industry |
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No. of Employees : |
160 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Goods |
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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 |
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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 |
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: |
PENTAIR VALVES & CONTROLS DE MEXICO SA DE CV |
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Trade Name: |
Pentair Mexico |
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RFC: |
TVC63053OBZA |
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Date Created: |
1963 |
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Date Incorporated: |
1963 |
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Legal Address: |
Calle 3, Lotes 13, 14 Y 15
Mz 3 |
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Operative Address: |
Calle 3, Lotes 13, 14 Y 15
Mz 3 |
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Telephone: |
52-33-3668-4085 |
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Fax: |
52-1-333-156-4459 |
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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: |
Diego Adalbert Kercomer
Hummelmann, General Manager |
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Staff: |
160 |
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Activity: |
Industrial Equipment
Wholesalers Industry |
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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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Pentair Valves &
Controls De Mexico was founded in
1963. |
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PRINCIPAL ACTIVITY
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The company's line of business
includes manufacturing industrial valve products. |
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Products/Services
description: |
Actuators & Controls |
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Brands: |
Anderson Greenwood |
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Sales are: |
Wholesale |
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Clients: |
Minera Y Metalúrgica Del
Boleo, S.A. De C.V. |
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Suppliers: |
VALVOSANITARIA BUGATTI SPA |
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Operations area: |
National and International |
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The company imports from |
Italy |
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The company exports to |
Latin America |
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The subject employs |
160 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Calle 3, Lotes 13, 14 Y 15
Mz 3 |
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Branches: |
The company does not have
branches |
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Related Companies: |
The parent company has more
than 50 subsidiaries worldwide |
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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: |
Pentair Valves &
Controls De México, S.A. De C.V. operates as a subsidiary of |
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Management: |
Diego Adalbert Kercomer
Hummelmann, General Manager |
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FINANCIAL INFORMATION
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This is a private company
which does not make its financial public. The following information is
estimated and has been provided by private sources. |
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2014 USD |
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Revenue |
47 148 000 |
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Net Income |
16 567 000 |
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Total Equity |
59 973 700 |
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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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The company's line of business
includes manufacturing industrial valve products. It has 52 years of
experience in the market with a large sized structure. The company is a subsidiary
of a large public company, headquartered in Ireland with locations worldwide. The company's profitability
is positive, with no negative. |
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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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INTERVIEW |
|
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NAME |
Juan Carlos |
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POSITION |
Administrative |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
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UK Pound |
1 |
Rs.100.39 |
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Euro |
1 |
Rs.73.52 |
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.