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Report No. : |
349077 |
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Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
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Name : |
OPLEX, S.A. DE C.V. |
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Registered Office : |
Campo Chilapilla No. 39 Santiago Ahuizotla,
Azcapotzalco Ciudad De Mexico, 02750 |
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Country : |
Mexico |
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Date of Incorporation : |
1955 |
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Legal Form : |
Sociedad Anónima De Capital Variable |
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Line of Business : |
Subject operating textile finishing plants that
provide services such as bleaching and dyeing. |
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No. of Employee : |
360 |
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 : |
Good |
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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 |
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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 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.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
OPLEX, S.A. DE C.V. |
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Trade Name: |
OPLEX |
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RFC: |
OPL831114PL2 |
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Date Created: |
1955 |
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Date Incorporated: |
1955 |
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Legal Address: |
Campo Chilapilla No. 39 |
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Operative Address: |
Campo Chilapilla No. 39 |
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Telephone: |
52-5555612300 |
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Fax: |
52-5555612598 |
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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: |
Mario Máuser Emus, General Director |
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Staff: |
360 |
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Activity: |
Textile Manufacturing Industry |
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BANKS |
BANAMEX |
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The company does not make its banking data public |
History
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Oplex, S.A. De C.V. was founded in 1955. |
PRINCIPAL ACTIVITY
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|
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The Company's line of business includes operating textile finishing plants
that provides services such as bleaching and dyeing. The Oplex plant, which
makes vinyl-laminated fabrics, and printed and embossed vinyl film for the
auto industry, just completed a US$3 million investment to modernize its
textile plant. |
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Products/Services description: |
The Oplex plant already supplies vinyl material for vehicle seating to
car giants in Mexico, including Nissan and Volkswagen AG. Oplex wants to add
General Motors Corp. and Chrysler Corp. to its client list. |
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Brands: |
LIKE ME |
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Sales are: |
Wholesale |
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Clients: |
COZA INTERNATIONAL CORP |
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Suppliers: |
BESTRADE BV |
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Operations area: |
National and International |
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The company imports from |
Netherlands |
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The company exports to |
USA, Colombia |
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The subject employs |
360 employees |
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Payments: |
No Complaints |
LOCATION
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|
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Headquarters : |
Campo Chilapilla No. 39 |
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Branches: |
The company does not have branches |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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|
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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: |
Mario Máuser Emus, General Director |
FINANCIAL INFORMATION
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This is a private company which does not make its financials public. |
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USD 2014 |
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Net Income |
2 777 000 |
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Total Equity |
15 188 300 |
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Cash Flow |
Good |
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 operating textile finishing
plants that provides services such as bleaching and dyeing. It has more than 50 years of experience in the market with a large
sized structure. The company is involved in both national and international markets and
shows no negative and positive profitability. |
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 |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We contacted the secretary who transferred our call to the manager’s
voicemail. We left a message asking to return our call. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
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Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
ANK |
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 |
|
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 |
|
<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.