-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NZBOiDS9RZZG3Gxw94T+sKCfQPmJCOMPmES7PsEEPYpWSux2kmGj9DC76nu9zfya GnmRbrwHLt9zSc4VtA+l4A== 0000894189-07-002859.txt : 20070928 0000894189-07-002859.hdr.sgml : 20070928 20070928091623 ACCESSION NUMBER: 0000894189-07-002859 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070731 FILED AS OF DATE: 20070928 DATE AS OF CHANGE: 20070928 EFFECTIVENESS DATE: 20070928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEXICO EQUITY & INCOME FUND INC CENTRAL INDEX KEY: 0000863900 IRS NUMBER: 133576061 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-06111 FILM NUMBER: 071140743 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, LC-2 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147654499 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, LC-2 CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: MEXICO CONVERTIBLE ADVANTAGE FUND INC DATE OF NAME CHANGE: 19900807 FORMER COMPANY: FORMER CONFORMED NAME: MEXICO ADVANTAGE FUND INC DATE OF NAME CHANGE: 19900805 NSAR-B 1 mex_nsarb.fil ANNUAL REPORT FOR MANAGEMENT COMPANIES PAGE 1 000 B000000 07/31/2007 000 C000000 0000863900 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 MEXICO EQUITY AND INCOME FUND, INC. 001 B000000 811-06111 001 C000000 4142873311 002 A000000 615 EAST MICHIGAN STREET 002 B000000 MILWAUKEE 002 C000000 WI 002 D010000 53202 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 PICHARDO ASSET MANAGEMENT, S.A. DE C.V. 008 B000001 A 008 C000001 801-62108 008 D010001 CUERNAVACA 008 D050001 MEXICO 008 D060001 62260 010 A000001 U.S. BANCORP FUND SERVICES, LLC. 010 B000001 85-11357 010 C010001 MILWAUKEE 010 C020001 WI 010 C030001 53202 012 A000001 COMPUTERSHARE INVESTOR SERVICES, LLC 012 B000001 84-5849 012 C010001 CANTON 012 C020001 MA 012 C030001 02021 013 A000001 TAIT, WELLER & BAKER 013 B010001 PHILADELPHIA 013 B020001 PA PAGE 2 013 B030001 19103 013 B040001 2108 015 A000001 U.S. BANK, N.A. 015 B000001 C 015 C010001 MILWAUKEE 015 C020001 WI 015 C030001 53212 015 E010001 X 015 A000002 BANK OF NEW YORK 015 B000002 S 015 C010002 NEW YORK 015 C020002 NY 015 C030002 10286 015 E010002 X 015 A000003 BANCO NACIONAL DE MEXICO 015 B000003 S 015 C010003 MEXICO CITY 015 D010003 MEXICO 015 D020003 06695 015 E040003 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 GRUPO BURSATIL MEXICANO CB 020 C000001 170 020 A000002 ACCIONES Y VALORES BANAMEX CB 020 C000002 78 020 A000003 UBS CB 020 C000003 78 020 A000004 ACTINVER 020 C000004 52 020 A000005 SANTANDER INVESTMENTS 020 C000005 21 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 399 022 A000001 US BANK MONEY CENTER 022 C000001 12965 022 D000001 0 022 A000002 ACTINVER 022 C000002 0 022 D000002 7290 022 A000003 GRUPO BURSATIL MEXICO CB 022 C000003 1797 022 D000003 0 022 C000004 0 022 D000004 0 022 C000005 0 PAGE 3 022 D000005 0 022 C000006 0 022 D000006 0 022 C000007 0 022 D000007 0 022 C000008 0 022 D000008 0 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 14762 023 D000000 7290 024 000000 N 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 PAGE 4 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.800 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 PAGE 5 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 N 054 A000000 Y 054 B000000 Y 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 N 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 0 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 PAGE 6 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 N 066 E000000 Y 066 F000000 N 066 G000000 N 067 000000 N 068 A000000 N 068 B000000 Y 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 N 070 B020000 N 070 C010000 N 070 C020000 N 070 D010000 N 070 D020000 N 070 E010000 N 070 E020000 N 070 F010000 N 070 F020000 N 070 G010000 N 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 N 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 N 071 A000000 161107 PAGE 7 071 B000000 161947 071 C000000 118906 071 D000000 135 072 A000000 12 072 B000000 88 072 C000000 1052 072 D000000 0 072 E000000 0 072 F000000 959 072 G000000 147 072 H000000 0 072 I000000 13 072 J000000 67 072 K000000 0 072 L000000 54 072 M000000 93 072 N000000 37 072 O000000 0 072 P000000 0 072 Q000000 49 072 R000000 25 072 S000000 195 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 67 072 X000000 1706 072 Y000000 0 072 Z000000 -566 072AA000000 35786 072BB000000 1592 072CC010000 42192 072CC020000 0 072DD010000 327 072DD020000 188 072EE000000 11323 073 A010000 0.1319 073 A020000 0.1319 073 B000000 2.9012 073 C000000 0.0000 074 A000000 0 074 B000000 0 074 C000000 109 074 D000000 0 074 E000000 0 074 F000000 154655 074 G000000 0 074 H000000 0 074 I000000 205 074 J000000 0 074 K000000 0 PAGE 8 074 L000000 23 074 M000000 116 074 N000000 155108 074 O000000 0 074 P000000 108 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 182 074 S000000 0 074 T000000 154818 074 U010000 2626 074 U020000 1429 074 V010000 38.18 074 V020000 38.18 074 W000000 0.0000 074 X000000 4991 074 Y000000 0 075 A000000 0 075 B000000 119827 076 000000 44.23 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY 080 C000000 450 081 A000000 N 081 B000000 0 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N PAGE 9 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 153 086 A020000 4255 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 THE MEXICO EQUITY AND INCOME FUND, INC. 087 A020000 592834105 087 A030000 MXE 087 B010000 THE MEXICO EQUITY AND INCOME FUND, INC. 087 B020000 592834204 087 B030000 MXEPR 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 Y SIGNATURE MARIA EUGENIA PICHARDO TITLE PRESIDENT EX-99.77B ACCT LTTR 2 rep_lttr.htm INTERNAL CONTROL LETTER rep_lttr.htm






REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




Shareholders and Board of Directors
The Mexico Equity and Income Fund, Inc.
New York, New York


In planning and performing our audit of the financial statements of The Mexico Equity and Income Fund, Inc., for the year ended July 31, 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.   Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.   In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.   A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.   Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.   Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.   A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company’s ability to initiate, authorize, record, process or report financial data reliably in accordance with accounting principles generally accepted in the United States of America such that there is more than a remote likelihood that a misstatement of the company’s annual or interim financial statements that is more than inconsequential will not be prevented or detected.   A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.
 
 
 
 
 
Shareholders and Board of Directors
The Mexico Equity and Income Fund, Inc.
Page two



Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of July 31, 2007.

This report is intended solely for the information and use of management, Shareholders and Board of Trustees of The Mexico Equity and Income Fund, Inc. and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.



TAIT, WELLER & BAKER LLP



Philadelphia, Pennsylvania
September 14, 2007
 
 
 
 
-----END PRIVACY-ENHANCED MESSAGE-----