MIRA INFORM REPORT

Report No. :	344134
Report Date :	14.10.2015

IDENTIFICATION DETAILS

Name :	SIMONE REGALOS, S.A. DE C.V.
Registered Office :	Av José Vasconcelos No 1523 Pte Garza García, Nuevo León 66238
Country :	México
Date of Incorporation :	1994
Legal Form :	Sociedad Anónima de Capital Variable
Line of Business :	Subject is dedicated to the retail of gifts and accessories
No. of Employee :	35

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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)
México	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

STATUTORY INFORMATION
Legal Name:	SIMONE REGALOS, S.A. DE C.V.
Trade Name:	Simone Regalos
RFC:	SRE940609-125
Date Created:	1994
Date Incorporated:	1994
Legal Address:	Av José Vasconcelos No 1523 Pte Garza García, Nuevo León 66238 México
Operative Address:	Av José Vasconcelos No 1523 Pte Garza García, Nuevo León 66238 México
Telephone:	81 8336 5562
Fax:	81 8386 5562
Legal Form:	Sociedad Anónima de Capital Variable
Email:	SIMONEREGALOS@YAHOO.COM.MX
Registered in:	Mexico
Website:	NA
Contact:	David González Zambrano
Staff:	35
Activity:	Home Furnishings Stores
BANKS	BANAMEX
	The company does not disclose its banking details
History
	The company started business in 1994
PRINCIPAL ACTIVITY
	The company is dedicated to the retail of gifts and accessories
Products/Services description:	Gift Items (Retail) Gifts, Souvenirs (Manufacture, Wholesale)
Brands:	SIMONE REGALOS
Sales are:	Wholesale and Retail
Clients:	UNIVERSIDAD AUTONOMA DE NUEVO LEON
Suppliers:	KRISKA DO INTERNATIONAL CORP. Phillipines GUANGZHOU ULAND HOMEDECORATION China Pujiang Hengcheng Industry China Kenton Trading Co., Ltd. (HK) Hong Kong
Operations area:	Local
The company imports from	Asia
The company exports to	No exports
The subject employs	35 employees
Payments:	Unknown
LOCATION
Headquarters :	Av José Vasconcelos No 1523 Pte Garza García, Nuevo León 66238 México
Branches:	The company does not have branches
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	David González Zambrano, Manager
FINANCIAL INFORMATION
	This is a private company which does not make its financials public.
	We could not confirm financial figures for the subject.
LEGAL FILINGS
	There are no legal connected to the subject
SUMMARY
	SIMONE REGALOS is a Home Furnishings Store with a small sized structure and 21 years of experience in the market. The company imports mainly from Asia and shows a low commercial profile. There are no negative connected to the subject. However; considering its low commercial profile and the fact that we could not confirm financials, we suggest working with a low Credit line.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME
POSITION	NA
COMMENTS	Administrative
	The woman contacted confirmed only name and activity. She refused to provide any further data on the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.02
UK Pound	1	Rs.99.89
Euro	1	Rs.73.92

INFORMATION DETAILS

Analysis Done by :	KAS
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%)

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