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Report No. : |
348692 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
LA DISTRIBUIDORA DE CASIMIRES S.A. DE C.V. |
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|
|
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Registered Office : |
Benjamin Franklin No. 100 Escandon I
Seccion, Miguel Hidalgo Ciudad De Mexico, 11800 |
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Country : |
Mexico |
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Date of Incorporation : |
1959 |
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|
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Legal Form : |
Sociedad Anónima De Capital Variable |
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|
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Line of Business : |
Wholesale distribution of piece goods or
yard goods of natural or manmade fibers. |
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|
|
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No. of Employee : |
119 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
|
|
|
Legal Name: |
LA DISTRIBUIDORA DE
CASIMIRES S.A. DE C.V. |
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Trade Name: |
DICSA |
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RFC: |
DCA870130BH9 |
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Date Created: |
1959 |
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Date Incorporated: |
1959 |
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Legal Address: |
Benjamin Franklin No. 100 |
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Operative Address: |
Benjamin Franklin No. 100 |
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Telephone: |
52-55527733 |
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Fax: |
52-55551624 |
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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: |
Roberto Nathan Cheres Campeas, General Manager |
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Staff: |
119 |
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Activity: |
Textile Industry |
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BANKS |
BANAMEX |
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|
|
|
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The company does not make its banking data public |
History
|
|
|
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La Distribuidora De Casimires, S.A. De C.V. was founded in 1959. |
PRINCIPAL ACTIVITY
|
|
|
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The Company's line of business includes the wholesale distribution of piece
goods or yard goods of natural or manmade fibers. |
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Products/Services description: |
Fantasy fabrics for trousers and Smooth |
|
Brands: |
DICSA |
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Sales are: |
Wholesale |
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Clients: |
RJ Torres MFG, S.A. |
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Suppliers: |
DECOTEX CO., LTD. |
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Operations area: |
National |
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The company imports from |
Europe |
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The company exports to |
UK, Dominican Republic |
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The subject employs |
119 employees |
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Payments: |
No Complaints |
LOCATION
|
|
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Headquarters : |
Benjamin Franklin No. 100 |
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Branches: |
The company does not have branches |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
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Capital: |
NA |
|
Shareholders: |
This is a private company. Major holders are the Cheres Campeas
family. |
|
Management: |
Roberto Nathan Cheres Campeas, General Manager |
FINANCIAL INFORMATION
|
|
|
|
This is a private company which does not make its financials public.
The following information has been provided by our private sources: |
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|
|
|
USD 2014 |
|
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Revenue |
27 628 000 |
|
Net Income |
8 634 000 |
|
Total Equity |
6 464 700 |
LEGAL FILINGS
|
|
|
|
|
|
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There are no legal connected to the subject |
SUMMARY
|
|
|
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The Company's line of business includes the wholesale distribution of
piece goods or yard goods of natural or manmade fibers. It has 56 years of experience in the market with a large sized
structure. It mainly imports from Europe and operates in Latin America. The company's profitability is positive, without negative. |
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 |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
Guillermo |
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POSITION |
Administrative |
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COMMENTS |
He confirmed managers, staff, address, activity. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
|
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 |
|
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 |
|
-- |
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.