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Report No. : |
356015 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CHEMLOGIS SA DE CV |
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Registered Office : |
Avenida Cien
metros,1171-1,Col. Nueva Industrial Vallejo, Gustavo A Madero 07700, Distrito
Federal |
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Country : |
Mexico |
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Date of Incorporation : |
1990 |
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Legal Form : |
Sociedad Anónima De Capital
Variable |
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Line of Business : |
Chemical Wholesalers
Industry |
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No. of Employee : |
30 |
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 : |
Satisfactory |
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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 |
STATUTORY INFORMATION
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Legal Name: |
CHEMLOGIS SA DE CV |
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Trade Name: |
Armatex |
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RFC: |
CEM900327M82 |
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Date Created: |
1990 |
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Date Incorporated: |
1992 |
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Legal Address: |
Avenida Cien metros,1171-1,Col. Nueva Industrial Vallejo, Gustavo A
Madero 07700, Distrito Federal, |
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Mexico |
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Operative Address: |
Avenida Cien metros,1171-1,Col. Nueva Industrial Vallejo, Gustavo A
Madero 07700, Distrito Federal, |
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Mexico |
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Telephone: |
55 5752 6480 |
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Fax: |
55 5754 4912 |
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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: |
León Freiman Kahan, Director |
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Staff: |
30 |
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Activity: |
Chemical Wholesalers Industry |
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BANKS
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BANAMEX |
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The company does not disclose its banking details |
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History
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The company started business in 1990. Its previous name was
Corporacion Armatex. |
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PRINCIPAL ACTIVITY
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The company is
specialized in the specialty chemicals market and supply and logistics
solutions thereof. |
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Products/Services description: |
Adhesives, cosmetics, leather, Specialty / Fine Chemicals, Pigments and
dyes, plastics, polymers, cleaning products, construction and related
products, water treatment products and related chemicals, textiles. |
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Brands: |
Chemlogis |
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Sales are: |
Wholesale |
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Clients: |
INDUSTRIES SERVED |
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Paper |
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Detergent |
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Textile |
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plastics |
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Paints and Dyes |
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Leather |
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Mercadeo Quimico Andino Ltd. |
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Colombia |
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Suppliers: |
COLOURTEX |
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India |
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DEEPAK NITRITE LIMITED |
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India |
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Operations area: |
National and Internatioanal |
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The company imports from |
India |
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The company exports to |
Colombia |
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The subject employs |
30 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Avenida Cien metros,1171-1,Col. Nueva Industrial Vallejo, Gustavo A
Madero 07700, Distrito Federal, |
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Mexico |
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Branches: |
The company does not have branches |
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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 major holder. |
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Management: |
León Freiman Kahan, Director |
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José Antonio Morales Trejo, Accountant |
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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 has been
provided by private sources: |
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USD 2014 |
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Sales |
2 000 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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There are no legal for
the subject |
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SUMMARY
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The company is specialized in the specialty chemicals market and
supply and logistics solutions thereof. |
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It has 25 years of experience in the market
with a small sized structure. |
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The company was previously known as
Corporacion Armatex. |
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It mainly imports from India and operates
in Latin America. |
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There are no negative records for the
subject. |
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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 |
Arturo |
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POSITION |
Administrative |
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COMMENTS |
The person contacted confirmed address, staff and activity. He refused
to confirm more information on the subject. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
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1 |
Rs.98.69 |
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Euro |
1 |
Rs.72.55 |
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MXN |
1 |
Rs. 3.85 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
AMR |
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Report Prepared
by : |
ASH |
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.