MIRA INFORM REPORT

 

 

Report No. :

345489

Report Date :

24.10.2015

 

IDENTIFICATION DETAILS

 

Name :

INFINITY GLASS INTERNACIONAL, S.A. DE C.V.

 

 

Registered Office :

Francisco Villa 102, 76130 Santiago de Querétaro, Qro., México

 

 

Country :

Mexico

 

 

Date of Incorporation :

1991

 

 

Legal Form :

Sociedad Anónima de Capital Variable

 

 

Line of Business :

Subject producers of decorative and stained glass panels for door manufacturers and distributors.

 

 

No. of Employees :

20

 

 

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 :

Small Company

Payment Behaviour :

No Complaints

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

 

 

 

 


 

STATUTORY INFORMATION

 

Legal Name:

INFINITY GLASS INTERNACIONAL, S.A. DE C.V.

Trade Name:

I.G.I, S.A. DE C.V.

RFC:

IGI120821BL6

Date Created:

1991

Date Incorporated:

1996

Legal Address:

Francisco Villa 102, 76130 Santiago de Querétaro, Qro., México

Operative Address:

Francisco Villa 102, 76130 Santiago de Querétaro, Qro., México

Telephone:

442 217 9824

Fax:

442 217 0407

Legal Form:

Sociedad Anónima de Capital Variable

Email:

NA

Registered in:

Mexico

Website:

www.myinfinityglass.com

Contact:

Pablo Robles Gil, General Director

Staff:

20

Activity:

Glass Manufacturing Industry

 

 

BANKS

BANAMEX

 

 

 

The company does not disclose its banking details

History:

 

 

The company was founded in 1991.

 

 

PRINCIPAL ACTIVITY

 

 

Infinity Glass International is producers of decorative and stained glass panels for door manufacturers and distributors.

Products/Services description:

Door Inserts
Iron Grills
Iron Doors
Accesories
Custom Glass

Brands:

INFINITY GLASS INTERNATIONAL

Sales are:

Wholesale

Clients:

Door manufacturers and distributors

Suppliers:

Spectrum Glass
Chancgshu Da-Yang Glass Especialities
Hollander Glass Texas, Inc.
Adeco Products, Inc.
Edgetech I, G, Inc.
Cascade Lead Products Ltd.
Magill Glass Warehouse
Houstin Stained Glass Supply
C.R. Laurence Company
Travis Products, Inc.

Operations area:

National

The company imports from

USA, China

The company exports to

Latin America

The subject employs

20 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

Francisco Villa 102, 76130 Santiago de Querétaro, Qro., México

Branches:

Storage: Calle Norte Tres No 18 Col Nuevo Parquw Industrial San Juan Del Rio Queretaro, Mexico

Related Companies:

No related companies

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. Major holder is Pablo Robles Gil. 

Management:

Pablo Robles Gil, General Director
Gabriel Rosas Isla, General Manager
Ruth Moreno Martinez, Human Resources

 

 

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financial public.

 

 

LEGAL FILINGS

 

 

There are no legal connected to the subject

 

 

 

The company was suspended by IMMEX Programme in June 2015.

 

 

SUMMARY

 

 

Infinity Glass International are producers of decorative and stained glass panels for door manufacturers and distributors.

 

The company has 24 years of experience in the local market with a small sized structure.

 

It has more than 50 suppliers and distributes several different brands.

 

The company has been suspended at IMMEX due to failure to file its annual report.

 

As we could not contact the company since its telephone is not active, we suggest working with low Credit line.

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

This Corporation is in Good Standing

 

 

INTERVIEW

 

NAME

NA 

POSITION

NA 

COMMENTS

We could not contact the company since its telephone is not active. 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.88

UK Pound

1

Rs.99.89

Euro

1

Rs.72.06

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.