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MIRA INFORM REPORT
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Report No. : |
485778 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
NUTRIX S.A. DE C.V. |
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Registered Office : |
Polígono Empresarial La Griega , Carretera Estatal 500 Km. 9 int. 290 El Marqués, Querétaro , C.P., 76249 |
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Country : |
Mexico |
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Date of Incorporation : |
1998 |
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Legal Form : |
Sociedad Anonima De Capitl Variable |
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Line of Business : |
Manufacturing and wholesale of Animal Food. |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 will allocate 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.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
NUTRIX S.A. DE C.V. |
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Trade Names: |
NUTRIX SA DE CV |
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ID: |
NUT980114BV5 |
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Date Created: |
1998 |
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Date Incorporated: |
July 2010 |
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Legal Address: |
Polígono Empresarial
La Griega Carretera Estatal 500 Km. 9 int. 290 El Marqués, Querétaro C.P., 76249 |
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Operative Address: |
Polígono Empresarial La Griega Carretera Estatal 500 Km. 9 int. 290 El Marqués, Querétaro C.P., 76249 |
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Telephone: |
+52 442 1989020 |
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Fax: |
- |
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Legal Form: |
SOCIEDAD ANONIMA DE CAPITL VARIABLE |
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Email: |
contacto@nutrix.com.mx |
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Registered in: |
MEXICO |
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Website: |
http://www.nutrix.com.mx/ |
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Contact: |
Mario Ramírez Soto - General Manager |
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Staff: |
30 |
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Activity: |
NAICS Code 31111 Animal Food Manufacturing |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1998. |
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PRINCIPAL
ACTIVITY
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Nutris Sa de Cv is dedicated to the manufacturing and
wholesale of Animal Food. |
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Products/Services description: |
The company offers pre-mixes of vitamins, minerals and
additives. |
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Brands: |
NUTRIX |
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Sales are: |
Wholesale |
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Clients: |
Agricultural Industry |
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Suppliers: |
Matcon Limited Rosal S.A Chr Olesen Latin America A/S Micro Tracers Inc Wyreside Products Ltd |
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Operations area: |
National |
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The company imports from |
UNITED KINGDOM SPAIN DENMARK UNITED STATES |
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The subject employs |
30 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Polígono Empresarial La Griega Carretera Estatal 500 Km. 9 int. 290 El Marqués, Querétaro C.P., 76249 |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. We were not able to confirm
major holders. |
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Management: |
Mario Ramírez Soto - General Manager Miguel Franco García - Purchasing
Manager Carlos Arguimbau Romo |
FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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UANNUAL IMPORTS - USD |
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2017 |
50.944 |
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2016 |
485.330 |
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2015 |
204.953 |
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LEGAL
FILINGS
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CASES |
No found. |
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SUMMARY
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Founded in 1998, Nutrix Sa de Cv is an organization in the
Animal Food Manufacturing Industry headquartered in Queretaro, Mexico. The company has 30 regular employees. It operates nationally and internationally,
mainly importing from United Kingdom, Spain, Denmark and United States. It is ACTIVE in business with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH
FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Maria |
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POSITION |
Operator |
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COMMENTS |
She confirmed the name of the company, the address of the
headquarters and location, the date of creation of the company and the number
of employees. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.53 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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MXN |
1 |
INR 3.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.