MIRA INFORM REPORT

Report No. :	489190
Report Date :	01.02.2018

IDENTIFICATION DETAILS

Name :	CUSTOMS PACIFIC SYSTEMS ROGUSA S. DE R.L. DE C.V.
Registered Office :	Av. Mariano Otero 3433, Guadalajara, Jalisco, 44550
Country :	Mexico
Date of Incorporation :	2015
Legal Form :	Sociedad De Responsabilidad Limitada De Capital Variable
Line of Business :	Subject is engaged in wholesale of Textiles.
No. of Employees :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
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 $2.2 trillion economy 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 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. Mexico began holding public auctions of exploration and development rights to select oil and gas resources in 2015 as a part of reforms that allow for private investment in the oil, gas, and electricity sectors. Mexico held its fourth auction in December 2016 and allocated 8 of 10 deepwater fields, demonstrating Mexico’s capacity to attract investment amid low oil prices. The government allocateed additional fields in 2017.

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. 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 10% of government revenue comes from the state-owned oil company, PEMEX.

Source : CIA

STATUTORY INFORMATION
Legal Name:	CUSTOMS PACIFIC SYSTEMS ROGUSA S. DE R.L. DE C.V.
Trade Names:	CUSTOMS PACIFIC SYSTEMS ROGUSA S. DE R.L. DE C.V.
ID:	CPS150710516
Date Created:	2015
Date Incorporated:	2015
Legal Address:	Av. Mariano Otero 3433, Guadalajara, Jalisco, 44550, Mexico
Operative Address:	Av. Mariano Otero 3433, Guadalajara, Jalisco, 44550, Mexico
Telephone:	NA
Fax:	-
Legal Form:	SOCIEDAD DE RESPONSABILIDAD LIMITADA DE CAPITAL VARIABLE
Email:	-
Registered in:	MEXICO
Website:	The company does not have a website.
Contact:	NA
Staff:	NA
Activity:	NAICS Code 424310 Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
Banks:	The company does not disclose its banking details.
History:	The company was founded in 2015.
PRINCIPAL ACTIVITY
	We have found Customs Pacific Systems Rogusa S De RL DE CV is as being an incorporated company in MEXICO. However, there are no commercial details on the subject. It is not listed with yellow pages or major credit bureaus. The company would be dedicated to the wholesale of Textiles.
Products/Services description:	The company imports quilted fabrics of synthetic fibers.
Brands:	Customs Pacific Systems Rogusa
Sales are:	Wholesale
Clients:	Otay Forwarding Partners Inc
Suppliers:	Hongkong Sun International Co Ltd Aiyimei Group Co., Ltd. Wujiang Sarytex Co., Ltd. Shaoxing Zhuotong Textile Co., Ltd. Real Co. C.I. Comfemmes S. A. S. Tono A Tono Active Line Sas. De Flores Y Floreros S.L.U. Kmq Moda SA Lan Imp. Exp. S.A Tops Paris
Operations area:	National and International
The company imports from	CHINA SOUTH KOREA COLOMBIA SPAIN PANAMA FRANCE
The company exports to	UNITED STATES
The subject employs	NA
Payments:	Unknown
LOCATION
Headquarters :	Av. Mariano Otero 3433, Guadalajara, Jalisco, 44550, 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. The following information has been obtained through private sources and could not be confirmed.
Management:	NA
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
ANNUAL CIF IMPORTS USD
2017	1.614.457
2016	8.001.337
2015	392.307
ANNUAL FOB EXPORTS USD
2016	113.924
LEGAL FILINGS
CASES	No found.
SUMMARY
	Founded in 2015, Customs Pacific Systems Rogusa S. de R.L. de C.V. is an organization in the Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers Industry headquartered in Guadalajara, Jalisco, Mexico. The company operates nationally and internationally, mainly importing from China, South Korea, Colombia, Spain, Panama and France and exporting to the United States. It is ACTIVE in business with no negative records. The company shows low commercial profile, not being listed with yellow pages or major credit bureaus.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	-
POSITION	-
COMMENTS	Due to the company`s low commercial profile, we were not able to find a telephone number for it.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.69
UK Pound	1	INR 90.35
Euro	1	INR 79.21
MXN	1	INR 3.45

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	KET

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.