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Report No. : |
319856 |
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Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIAS VOIT S.A. DE C.V. |
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Registered Office : |
Paseo de Tamarindos No. 60, Piso 1 Edificio. Norte B, Col Bosques de las Lomas |
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Country : |
Mexico |
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Date of Incorporation : |
1959 |
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Legal Form : |
Sociedad Anonima de Capital Variable |
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Line of Business : |
Manufacture of sporting goods |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
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 |
|
Legal Name: |
INDUSTRIAS VOIT S.A. DE C.V. |
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Trade Name: |
INDUSTRIAS VOIT, S.A. DE C.V. |
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RFC: |
IVO930305K72 |
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Date Created: |
1922 |
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Date Incorporated: |
1959 |
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Legal Address: |
Paseo de Tamarindos No. 60, Piso 1
Edificio. Norte B, Col Bosques de las Lomas, Mexico |
|
Operative Address: |
Paseo de Tamarindos No. 60, Piso 1
Edificio. Norte B, Col Bosques de las Lomas, Mexico |
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Telephone: |
52 55 5333 6070 |
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Fax: |
52 55 5333 6070 |
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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 Ramón Elizondo Anaya |
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Staff: |
50 |
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Activity: |
Sporting Goods Stores Industry |
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BANAMEX |
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The company does not make its banking data
public |
The Voit Corporation is a sporting goods company founded by German
American entrepreneur William J. Voit of Worthington, Indiana (1880–1946) in
1922. In 1957, the company was purchased by AMF.
In the late 1920s Voit developed and patented the first full-molded,
all-rubber inflatable ball and the first needle-type air retention valves.
In 1931, Voit developed and patented the first all-rubber athletic
balls, including the process of vulcanization which allowed a material to be
fixed onto a separate rubber bladder. In the same year, it changed names from
the W. J. Voit Corporation to Voit Rubber Corporation.
Later in the 1930s, Voit developed the process of icosahedron winding,
which allowed balls to be machine wound with nylon threads over the bladder,
providing both strength and consistency in shape and permitting mass production
by a machine process.
Those Voit patents and products made possible greatly increased athletic
and recreation activity in the school systems, and led to universal use of a
new type of product that now dominates sales in its field.
Other developments and patents later in the 1950s and '60s included:
The Swimaster line of professional dive equipment. Voit was one of the 5
original USA diving gear makers: US Divers, Healthways, Voit, Dacor, Swimaster.
The Equi Staff line of professional golf equipment (which included the
innovation of the "Power Plugs" or screws to adjust the balance of
golf clubs).
The first rubber-bodied water polo ball (which was adopted as the
official ball of college, international and Olympic competitions).
Thunderball (film) tie-in scuba gear
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Voit is a company dedicated to the
manufacture of sporting goods of US origin but based in Mexico since 1959. |
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Products/Services description: |
The Company's line of business includes
the wholesale distribution of sporting and recreation goods. |
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Brands: |
VOIT
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Sales are: |
Retail and Wholesale |
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Clients: |
General Clientele |
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Suppliers: |
MADRIGAL SPORTS PVT., LTD. |
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Operations area: |
National and International |
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The company imports from |
Taiwan, Pakistan |
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The company exports to |
worldwide |
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The subject employs |
50 employees |
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Payments: |
Regular |
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Headquarters : |
Pte. 128 579, Azcapotzalco, Huautla de Las
Salinas, 02300 Ciudad de Mexico, D.F., México |
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Branches: |
Storage Pte. 128 579, Azcapotzalco, Huautla de Las
Salinas, 02300 Ciudad de Mexico, D.F., México Outlet punta norte |
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Industry: |
Companies in this industry operate
physical retail stores specializing in sporting goods, athletic and fitness
wear, fitness equipment, and related products. Demand is driven by population
demographics and consumer income. The profitability of individual companies
depends on merchandising and marketing skills. Large chains have an advantage
in stocking a wide variety of goods. Small companies and specialty retailers
can compete successfully by carrying a deeper product line in specialized
sports, hiring knowledgeable staff, offering repair services, or by serving a
local market. Sports equipment accounts for 65 percent
of industry revenue; clothing, 20 percent; and footwear, 10 percent. Major
equipment categories include exercise, hunting and firearms, golf, fishing,
and camping. |
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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. Major holder is
: Voit Corp 100 Willowbrook Office Park 1451 Pittsford-Victor Road Fairport, NY 14450 United States Phone: 716-385-2390 |
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Management: |
José RamóN Elizondo Anaya, Manager |
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Related Companies: |
No subsidiaries |
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The company is private and does not publish its
financial figures. The followiing information is estimated and was provided
by private sources: |
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|
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2013 |
|
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Revenue |
20 300 000 |
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Cash |
Good |
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There are no legal connected to the
company |
Voit manufactures and sells sporting goods
and exercise equipment. Products include inflatable balls, home exercise
equipment, underwater sports equipment and golf bags.
The products are sold to both sporting good
chains and to retailers referred to as "mass merchandisers".
The company has more than 80 years of
experience in the market and its brandi s well known.
There are no negative connected to the subject.
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DEBTS |
Controlled |
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CASH FLOW |
Normal |
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STATUS |
Active |
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NAME |
NA |
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POSITION |
Sales |
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COMMENTS |
The person contacted confirmed address and
brand. She refused to provide data on the subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
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Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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|
|
|
Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
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 |
|
|
-- |
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.