MIRA INFORM REPORT

Report No. :	506420
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	TRACTOANDES S DE RL DE CV
Registered Office :	Calle Florida No. 43 Col. La Florida C.P. 76150 Queretaro, Qro
Country :	Mexico
Date of Incorporation :	1999
Legal Form :	Sociedad De Responsabilidad Limitada De Capital Variable
Line of Business :	is a company dedicated to the import and wholesale distribution of spare parts for agricultural machinery.
No. of Employees :	15

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Mexico	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

MEXICO - ECONOMIC OVERVIEW

Mexico's $2.4 trillion economy – 11th largest in the world - has become increasingly oriented toward manufacturing since the North American Free Trade Agreement (NAFTA) entered into force in 1994. Per capita income is roughly one-third that of the US; income distribution remains highly unequal.

Mexico has become the US' second-largest export market and third-largest source of imports. In 2016, two-way trade in goods and services exceeded $579 billion. Mexico has free trade agreements with 46 countries, putting more than 90% of its trade under free trade agreements. In 2012, Mexico formed the Pacific Alliance with Peru, Colombia, and Chile.

Mexico's current government, led by President Enrique PENA NIETO, has emphasized economic reforms, passing and implementing sweeping energy, financial, fiscal, and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Since 2015, Mexico has held public auctions of oil and gas exploration and development rights and for long-term electric power generation contracts. Mexico has also issued permits for private sector import, distribution, and retail sales of refined petroleum products in an effort to attract private investment into the energy sector and boost production.

Since 2013, Mexico’s economic growth has averaged 2% annually, falling short of private-sector expectations that President PENA NIETO’s sweeping reforms would bolster economic prospects. Growth is predicted to remain below potential given falling oil production, weak oil prices, structural issues such as low productivity, high inequality, a large informal sector employing over half of the workforce, weak rule of law, and corruption. In 2018, Mexico’s economy will be vulnerable to uncertainty surrounding the future of NAFTA—because the US is its top trading partner and the two countries share integrated supply chains—and to potential shifts in domestic policies following the inauguration of a new a president in December 2018.

Source : CIA

STATUTORY INFORMATION
Legal Name:	TRACTOANDES S DE RL DE CV
Trade Names:	TRACTOANDES
ID:	TRA141215KQ4
Date Created:	1999
Date Incorporated:	2014
Legal Address:	Calle Florida No. 43 Col. La Florida C.P. 76150 Queretaro, Qro., Mexico
Operative Address:	Calle Florida No. 43 Col. La Florida C.P. 76150 Queretaro, Qro., Mexico
Telephone:	+52 442 2342021
Fax:	+52 442 2342670
Legal Form:	Sociedad De Responsabilidad Limitada De Capital Variable
Email:	contactenos@tractoandes.com
Registered in:	MEXICO
Website:	www.tractoandes.com
Contact:	Alberto Neira - Manager
Staff:	15
Activity:	NAICS code 333111 - Farm Machinery and Equipment Manufacturing
Banks:	The company does not disclose its banking details.
History:	The company was founded in 1999.
PRINCIPAL ACTIVITY
	Tractoandes S de RL de CV is a company dedicated to the import and wholesale distribution of spare parts for agricultural machinery.
Products/Services description:	The company offers spare parts for agricultural machinery
Brands:	CARRARO TRACTOANDES NEW-HOLLAND CASE JOHN DEERE CATERPILLAR VOLVO MASSEY FERGUSON KOMATSU VALTRA AGCO CNH McCORMICK JCB
Sales are:	Wholesale
Clients:	Tracto Genesis S.A.S
Suppliers:	Carraro Drive Tech SpA Ningbo Wode Environmental Science & Technology CO.,LTD.
Operations area:	National and International
The company imports from	ITALY CHINA
The company exports to	COLOMBIA
The subject employs	15 employees
Payments:	No Complaints
LOCATION
Headquarters :	CALLE FLORIDA NO. 43 COL. LA FLORIDA C.P. 76150 QUERETARO, QRO., MEXICO
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. We were not able to confirm major holders.
Management:	Alberto Neira - Manager
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
ANNUAL IMPORTS CIF USD
2017	173.692
2016	20.372
ANNUAL EXPORTS FOB USD
2016	10.970
LEGAL FILINGS
CASES	No found.
SUMMARY
	Founded in 1999, TractoAndes S de Rl de Cv is an organization in the Farm Machinery and Equipment Manufacturing Industry headquartered in Queretaro, Mexico. The company has 15 regular employees. It operates nationally and internationally, mainly exporting to Colombia. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Anali
POSITION	Sales
COMMENTS	She confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the Manager.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
MXN	1	INR 3.55

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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