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Report No. : |
345796 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASVA LOGISTICS MEXICO S.A. DE C.V. |
|
|
|
|
Registered Office : |
Emiliano Zapata 11 Int 104b, Col. Peñon De Los
Baños, Mexico City, Mexico, 15520 |
|
|
|
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Country : |
Mexico |
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|
|
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Date of Incorporation : |
2000 (not confirmed) |
|
|
|
|
Legal Form : |
Sociedad Anónima de Capital Variable |
|
|
|
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Line of Business : |
Freight Forwarding Industry |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
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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) |
|
Mexico |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
|
|
|
Order: |
ASVA LOGISTICS MEXICO SA DE CV |
|
Address in the order: |
Calle Emiliano Zapata 11 104 Penon De Los
Banos Venustiano Carranza Federal C P 15520, Mexico |
|
Legal Name: |
ASVA LOGISTICS MEXICO S.A. DE C.V. |
|
Trade Name: |
ASVA LOGISTICS MEXICO |
|
RFC: |
ALM001220U97 |
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Date Created: |
2000 (not confirmed) |
|
Date Incorporated: |
NA |
|
Legal Address: |
EMILIANO ZAPATA 11 INT 104B, COL. PEÑON DE
LOS BAÑOS, MEXICO CITY, MEXICO, 15520, Mexico |
|
Operative Address: |
EMILIANO ZAPATA 11 INT 104B, COL. PEÑON DE
LOS BAÑOS, MEXICO CITY, MEXICO, 15520, Mexico |
|
Telephone: |
52 1 55 45482134 |
|
Fax: |
52 55 26030015 |
|
Legal Form: |
Sociedad Anónima de Capital Variable |
|
Email: |
NA |
|
Registered in: |
Mexico |
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Website: |
NA |
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Contact: |
NA |
|
Staff: |
NA |
|
Activity: |
Freight Forwarding Industry |
BANAMEX
The company does not disclose its banking information
The company would have been founded in 2000
The company is dedicated to provide logistics services
|
Products/Services description: |
freight forwarding Services |
|
Brands: |
NA |
|
Sales are: |
Wholesale |
|
Clients: |
PRONUPTIA
PROFESSIONAL EUROPE |
|
Suppliers: |
Fashion In
Fashion, Inc |
|
Operations area: |
National and International |
|
The company imports from |
China |
|
The company exports to |
Latin America, Europe |
|
The subject employs |
NA |
|
Payments: |
NA |
|
Headquarters : |
EMILIANO ZAPATA 11 INT 104B, COL. PEÑON DE
LOS BAÑOS, MEXICO CITY, MEXICO, 15520, Mexico |
|
Branches: |
The company does not have branches |
|
Listed at the stock exchange: |
NO |
|
Shareholders: |
NA |
|
Management: |
NA |
This is a private company which does not make
its financials public.
There are no
financial for the company
There are no legal connected to the subject
The company is dedicated to provide
logistics services.
It would have 15 years of experience in the
market. However; this information could not be confirmed.
The company has a quite low commercial
profile and it is not registered in the yellow pages nor at main bureaus.
We could not either contact the company to
confirm most data.
We suggest working with guarantees.
|
DEBTS |
Controlled |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
NAME |
NA |
|
POSITION |
NA |
|
COMMENTS |
We tried to contact the company. However,
we received no response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SDA |
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.