MIRA INFORM REPORT

Report No. :	354615
Report Date :	18.12.2015

IDENTIFICATION DETAILS

Name :	HOME CREATE PRODUCTS SA DE CV
Registered Office :	Majuelos No 321 Ciudad de México, Distrito Federal 16010
Country :	Mexico
Date of Incorporation :	2011
Legal Form :	Variable Capital Corporation
Line of Business :	Wholesale of home products.
No. of Employee :	5

RATING & COMMENTS

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
Payment Behaviour :	Slow but correct
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
Restricted	C2
Off-credit	D

STATUTORY INFORMATION
Legal Name:	HOME CREATE PRODUCTS SA DE CV
Trade Name:	Home & Create
RFC:	HAC111222KM5
Date Created:	2011
Date Incorporated:	2011
Legal Address:	Majuelos No 321 Ciudad de México, Distrito Federal 16010 México
Operative Address:	Majuelos No 321 Ciudad de México, Distrito Federal 16010 México
Telephone:	52 55 59895971
Fax:	52 55 59895971
Legal Form:	VARIABLE CAPITAL CORPORATION
Email:	home.create.pdts@gmail.com
Registered in:	Mexico
Website:	No website
Contact:	David Lozada Martínez, General Manager
Staff:	5
Activity:	Wholesale Industry
Banks:	BANAMEX
	The company does not make its banking data public
History
	The company was establihsed in 2011
PRINCIPAL ACTIVITY
	The company is dedicated to the wholesale of home products.
Products/Services description:	Home Products such as carpets and other textile floor coverings, knotted, etc.
Brands:	NA
Sales are:	Wholesale
Clients:	Retailers
Suppliers:	V. K TEX India BILLION ACT LIMITD Hong Kong
Operations area:	National
The company imports from	Asia
The company exports to	No export
The subject employs	5 employees
Payments:	Slow but corerct
LOCATION
Headquarters :	Majuelos No 321 Ciudad de México, Distrito Federal 16010 México
Branches:	There are no branches registered
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	Aaron David Luna, Manager David Lozada Martínez, General Manager Blanca Olivera
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
MXN 2014
Revenue	10 000 000
Cash Flow	Normal
LEGAL FILINGS
	There are no legal connected to the subject
SUMMARY
	The company is dedicated to the wholesale of home products. It has 4 years of experience in the market. It mainly imports from Asia and operates nationally. The company has a low commercial profile but shows no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Slow but corerct
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	NA
COMMENTS	We tried to contact the company several times without receiving response.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.65
UK Pound	1	Rs.99.61
Euro	1	Rs.72.33
MXN	1	Rs.3.89

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	AMT
Report Prepared by :	ANK

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
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
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%)

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