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Report No. : |
355773 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
JOYAS PLAZA GALERIAS S.A DE C.V |
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Registered Office : |
Colina De Las Ortigas Numero 88, Fraccionamiento Bulevares, Naucalpan C.P 53140 |
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Country : |
Mexico |
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Year of Establishment : |
1986 |
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Legal Form : |
Sociedad Anónima De Capital Variable |
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Line of Business : |
Manufacturer, Wholesale and Distribution of
Jewelry, Precious Stones and Metals, Costume Jewelry, Watches, Clocks, and
Silverware. |
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No. of Employees : |
428 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
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Order: |
JOYAS PLAZA
GALERIAS S A DE C V |
|
Address in the order: |
COLINA DE LAS ORTIGAS
NO 88 FRANCC BOULEVARES LOMAS VERDES CP 53140 NAUCALPAN ESTADO DE MEXICO |
|
Legal Name: |
JOYAS PLAZA
GALERIAS S.A DE C.V |
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Trade Name: |
CRISTAL JOYAS |
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RFC: |
JPG860624KD7 |
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Date Created: |
1986 |
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Date Incorporated: |
1986 |
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Legal Address: |
Colina de las
Ortigas numero 88, |
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Operative Address: |
Insurgentes
Norte # 1501 Piso 4 |
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Telephone: |
55 5118 0050 |
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Fax: |
55 5118 0050 |
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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: |
José Luis
Bobadilla Rodríguez, President |
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Staff: |
428 |
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Activity: |
Jewelry &
Watch Manufacturing Industry |
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Banks
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BANAMEX The company
does not disclose its banking details |
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History
|
|
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Joyas Plaza
Galerias, S.A. De C.V. was founded in 1986. |
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PRINCIPAL ACTIVITY
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The Company's
line of business includes the wholesale distribution of jewelry, precious stones
and metals, costume jewelry, watches, clocks, and silverware. |
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Products/Services description: |
ENGAGEMENT
RINGS |
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Brands: |
BOSS |
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Sales are: |
Wholesale |
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Clients: |
General clients |
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Suppliers: |
TERMINAL DE
AUTOBUSES DE QUERETARO S.A. DE C.V. |
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Operations area: |
National |
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The company imports from |
USA, Turkey |
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The company exports to |
No export |
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The subject employs |
428 employees |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
Colina de las
Ortigas numero 88, |
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Branches: |
The company has
more than 10 branches |
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Companies of ACE GROUP: |
PRADA |
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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: |
The company is
a subsidiary of: |
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Management: |
José Luis Bobadilla
Rodríguez, President |
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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 for 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
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The Company's
line of business includes the wholesale distribution of jewelry. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
|
|
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NAME |
Enrique |
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POSITION |
Administrative |
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COMMENTS |
He confirmed
address, parent company, brand name, activity and managers. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
|
MXN |
1 |
Rs.3.85 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
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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 |
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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.