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Report No. : |
325311 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MEXIGLOBAL SOLUTIONS, S.A. DE C.V. |
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Registered Office : |
Av 3 No 1104 Desp 503, Córdoba, Veracruz 94500 |
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Country : |
Mexico |
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Date of Incorporation : |
2012 |
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Legal Form : |
Sociedad de Capital Variable |
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Line of Business : |
Grain Farming Industry. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Mexico |
A2 |
A2 |
|
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 |
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 |
STATUTORY
INFORMATION
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|
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Legal Name: |
MEXIGLOBAL SOLUTIONS, S.A. DE C.V. |
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Trade Name: |
MEXIGLOBAL SOLUTIONS |
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RFC: |
MSO121120KS5 |
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Date Created: |
2012 |
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Date Incorporated: |
2012 |
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Legal Address: |
Av 3 No 1104 Desp 503 |
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Operative Address: |
Av 3 No 1104 Desp 503 |
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Telephone: |
271 716 3566 |
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Fax: |
271 716 3566 |
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Legal Form: |
Sociedad 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: |
Alejandro Barragán GonzáLez |
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Staff: |
3 |
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Activity: |
Grain Farming Industry |
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BANK DATA |
BANAMEX |
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The company does not make its banking data public |
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HISTORY: |
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The company was established in 2014 |
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PRINCIPAL ACTIVITY |
Mexiglobal is a young company focused on helping Mexican producers and
manufacturers; beans, garbanzo beans and coffee products reach customers
abroad and domestic market. |
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Products/Services description: |
Beans,Chickpeas,Coffee |
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Brands: |
RIO BLANCO COFFEE |
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Clients: |
Ah Liki Wholesale |
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Suppliers: |
Mexgrocer Ltd. |
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Operations area: |
National |
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The company imports from |
UK |
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The company exports to |
Samoa |
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The subject employs |
3 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Av 3 No 1104 Desp 503 |
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Branches: |
The company does not have branches |
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Industry: |
Farms in this industry grow field corn,
wheat, or rice crops and seeds. No major companies dominate the industry. Demand is driven by government policies
and consumer trends in eating grains, meat, and corn-based sweeteners, such
as high-fructose corn syrup. The profitability of individual companies
depends on maximizing crop yield and minimizing disease risk. Large companies
have advantages in highly mechanized operations and access to the latest in
genetically modified (GM) grains. Small operations can compete by
specializing in organic or non-GM grains. Major products include field corn (about
80 percent of revenue), wheat (15 percent), and rice (less than 5 percent).
Half of all field corn is used for livestock feed. Field corn is also used in
industrial applications like biodegradable plastic; processed foods like
breakfast cereal, salad dressing, margarine, soft drinks, and syrup; and
ethanol fuel production. |
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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 holders. |
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Management: |
Alejandro Barragán GonzáLez, Principal |
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Related Companies: |
No related companies |
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FINANCIAL
INFORMATION
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The company does not make its financial statements public. |
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There are no financial connected to the subject. |
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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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Mexiglobal is a young company focused on helping Mexican producers and
manufacturers; beans, garbanzo beans and coffee products reach customers
abroad and domestic market. The company worls for Latam market andit only has 3 years of
experience in the market. We suggest working with a low credit line and check its progress for
the following 12 months. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Normal |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We called the company several times but received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.