MIRA INFORM REPORT

Report No. :	491332
Report Date :	10.02.2018

IDENTIFICATION DETAILS

Name :	XOMOX CHIHUAHUA SA DE CV
Registered Office :	Juan Ruiz de Alarcon 313 Comp, Complejo Industrial Chihuahua 31109 Chihuahua
Country :	México
Date of Incorporation :	1995
Legal Form :	Limited Company of Variable Capital
Line of Business :	The company is dedicated to the manufacture and wholesale of industrial products.
No. of Employees :	160

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 (30.06.2017)	Current Rating (30.09.2017)
México	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

MÉXICO - 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:	XOMOX CHIHUAHUA SA DE CV
Trade Name:	XOMOX CHIHUAHUA
RFC:	XCI950821PI9
Date Created:	1995
Date Incorporated:	1995
Legal Address:	Juan Ruiz de Alarcon 313 Comp, Complejo Industrial Chihuahua 31109 Chihuahua, México
Operative Address:	Juan Ruiz de Alarcon 313 Comp, Complejo Industrial Chihuahua 31109 Chihuahua, México
Telephone:	52 (614) 442-9800
Fax:	52 5 576 6328
Legal Form:	Sociedad Anónima de Capital Variable
Email:	maria.armendaris@xomox.com
Registered in:	Mexico
Website:	www.cranecpe.com
Contact:	Hector Raynal, Director
Staff:	160
Activity:	NAICS 1: Industrial Valve Manufacturing SIC 1: Industrial Valves
BANKS
BANAMEX
The company does not make its bankg data public
HISTORY
Xomox Chihuahua S.A. de C.V. operates as a subsidiary of Crane Co. It was founded in 1995.
Blacklisted company Xomox Federation Chihuahua 21-Apr-2015 9:19 Through a circular published in the Official Journal of the Federation (DOF), indicated that the agencies of the Federal Government and the Attorney General's Office (PGR) and the states should refrain from accepting proposals or contracts with the company Xomox Chihuahua.
PRINCIPAL ACTIVITY
The company is dedicated to the manufacture and wholesale of industrial procucts. It is located at Chihuahua Industrial Park.
Products/Services description:	Sleeved Plug Valves Flanged end, screwed end, weld end, jacketed, high pressure, full port, HF, control sleeved, Easi-sleeve, severe service and sleeved plug valves for special applications Lined Valves Lined ball, butterfly, plug and check valves, and lined accessories Butterfly Valves High performance, resilient seated, triple offset and special purpose butterfly valves Ball Valves Process one-piece, two-piece and three-piece ball valves Automation XOMOX® automated valve packages assure single source responsibility for flow control equipment.
Brands:	XOMOX®
Sales are:	Wholesale
Clients:	Sauder Bolan Stephen Mexico INSTRUMENTOS Y CONTROLES S A Colombia
Suppliers:	Bashko Engineering Pvt Ltd India SANMAR FOUNDRIES LTD. India GLORIA MATERIAL TECHNOLOGY CORP. Taiwan WESTERN PRECICAST PVT., LTD. India TAIWAN VALVE CO., LTD. Taiwan BUENO ENTERPRISE CO., LTD Taiwan LIEN HWA IRON WORKS CO., LTD. Taiwan
Operations area:	National and International
The company imports from	Taiwan, India
The company exports to	Colombia
The subject employs	160 employees
Payments:	No complaints
LOCATION
Headquarters :	Juan Ruiz de Alarcon 313 Comp, Complejo Industrial Chihuahua 31109 Chihuahua, México
Branches:	The company has more than 100 branches in Mexico
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders %:	Xomox Chihuahua S.A. de C.V. operates as a subsidiary of: Crane Co. 100 1st Stamford Pl # 300 Stamford, CT USA
Management:	Luz María Corral Alba, Controller Héctor Reinal O Reilly, Director Patricia Flores Ballesteros, Trade Manager Salvador Alvarado García María Armendáris
Related Companies:	No subsidiary companies
FINANCIAL INFORMATION
This is a private company which does not make its financial statements public. The following data was provided by our private sources:
2016 USD
Revenue	31,714,022
Cash Flow	Normal
	Foreign trade in the last 5 years: Imports: Registers: 1 US $: 5,632 Exports: It does not register records.
LEGAL FILINGS
04/20/2015 CIRCULAR No. 18 / 578.1 / 0192/2015 CIRCULAR by communicating with the agencies of the Federal Government, the Attorney General's Office and to the states, which must refrain from accepting proposals or contracts with the company Xomox Chihuahua, SA de C.V. Administrative penalty brought the company Xomox Chihuahua, SA de CV, you cannot submit proposals or any contract with Pemex Petrochemicals.
Pemex, through the failure to tender 18578019-527-13, explained that the bidder Xomox Chihuahua, SA de CV, failed to comply with the request in paragraph 12 of the requirements that the bidder must submit to the technical evaluation, since in its proposal did not include a legible copy of the certificate of quality assurance ISO-9001-2008 force, awarded to manufacturer goods supply (brand Saunders).
SUMMARY
XOMOX Chihuahua is a Mexican subsidiary of the company Crane Co, located in USA. The company has a large sized structure and 23 years of experience in the Mexican market. It mainly imports from Taiwan and India and Works within Mexico and exports to Colombia. The company is ACTIVE.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No complaints
CASH FLOW	Normal
STATUS	Active
ENTERVIEW
NAME	Mayra
POSITION	Administrative
COMMENTS	She confirmed address, RFC, experience, parent company and estimated staff.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.37
UK Pound	1	INR 89.71
Euro	1	INR 78.89
MXN	1	INR 3.43

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	SYL

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.