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Report No. : |
324737 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
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Name : |
TELITEX S A DE C V |
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Registered Office : |
20 De Noviembre No 42-2O Piso 2 Ciudad de México, Distrito Federal 6060 |
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Country : |
México |
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Year of Establishment : |
1981 |
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Legal Form : |
Sociedad Anónima de Capital Variable |
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Line of Business : |
Import and wholesale of textile items. |
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No. of Employees : |
20 |
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 : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Mexico |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 2013, two-way merchandise trade reached nearly $507 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 education, energy, financial, fiscal and telecommunications reform legislation, among others, with the 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 will continue to remain modest and below expectations. Over the medium-term, the economy is vulnerable to global economic pressures, such as rising interest rates and low oil prices—which account for about 30 percent of government revenue.
|
Source
: CIA |
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Order: |
Telitex S A De C V |
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Address in the order: |
Av 20 De Novembre 42-201 Col Centro 06060 Mexico |
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Legal Name: |
TELITEX, S.A. DE C.V. |
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Trade Name: |
TELITEX |
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RFC: |
TEL8105113GA |
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Date Created: |
1981 |
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Date Incorporated: |
1981 |
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Legal Address: |
20 De Noviembre No 42-2O Piso 2 |
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Operative Address: |
20 De Noviembre No 42-2O Piso 2 |
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Telephone: |
55 5542 6520 |
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Fax: |
55 5542 2155 |
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Legal Form: |
Sociedad Anónima de Capital Variable |
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Email: |
Na |
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Registered in: |
Mexico |
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Website: |
No website |
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Contact: |
Roy Raphael, General Manager |
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Staff: |
20 |
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Activity: |
Wholesale Sector Industry |
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BANAMEX |
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|
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The company does not make its banking data public |
The company was established in 1981
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The company is dedicated to the import and wholesale of textile items. |
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Products/Services description: |
Textile Items |
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Brands: |
NA |
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Clients: |
Textile Industry |
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Suppliers: |
PT INDORAMA SYNTHETICS TBK. |
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Sales: |
Wholeasale |
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Operations area: |
National |
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The company imports from |
India |
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The company exports to |
The company does not export |
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The subject employs |
20 employees |
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Payments: |
It varies depending on each suppliers |
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Headquarters : |
20 De Noviembre No 42-2O Piso |
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Branches: |
The company does not have branches |
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Industry: |
|
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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. The owner is Roy Raphael |
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Management: |
Roy Raphael, Manager |
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Subsidiaries: |
No subsidiary companies |
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This is a private company which does not make its financial public. |
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|
|
The person contacted refused to confirm financial information on the
subject. |
There are no legal for the subject
The company is dedicated to the import and wholesale of textile items.
The company has 34 years of experience in the market with a small sized
structure.
Despite having a quite low commercial profile, without website, it has
no negative records and is well established in business.
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DEBTS |
Controlled |
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PAYMENTS |
Sloe but correct |
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CASH FLOW |
NA |
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STATUS |
Active |
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NAME |
Roy Raphael |
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POSITION |
Owner |
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COMMENTS |
He confirmed address, activity, imports, payment terms, staff. He
refused to confirm financial data. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
VNT |
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 |
|
|
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 |
|
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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 |
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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.