MIRA INFORM REPORT

 

 

Report Date :

19.04.2007

 

IDENTIFICATION DETAILS

 

Name :

ROSENCO S.R.L.

 

 

Registered Office :

15 de Noviembre de 1889 Nro. 2614, Buenos Aires City

 

 

Country :

Argentina

 

 

Date of Incorporation :

03/11/1988

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import, bargain and sale of chemical products for the pharmaceutical, veterinary and cosmetic industry.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Registered Name   

 

ROSENCO S.R.L.

 

 

CUIT

 

30-54536076-0

 

 

Summary 

 

FOLLOWER OF ACTIVITIES. INCORPORATED IN 1988. FINANCIAL INFORMATION IS NOT SUPPLIED TO THIRD PARTIES. IT DOESN'T REGISTER NEGATIVE. OPERATE UNDER PRUDENT TERMS.

 

 

Operations 

 

CHEMICAL PRODUCTOS

IMPORT
COMMERCIALIZATION

 

 

Legal Structure 

 

Business type:              Limited Liability Company

Incorporated:                 03/11/1988

Registered:                    November/1988

Duration:                       Until 01/07/2008

End of fiscal year:          June 30th

 

 

Contact 

 

Partner                          MARIA LILIA BERDEJO

Operative address:         15 de Noviembre de 1889 Nro. 2614, Buenos Aires City.

Phone:                          (54-11) 4942.3814/6600

E-mail:                          info@drogueriarosenco com.ar

Branch and warehouse: Luna 391, Buenos Aires City.

 

 

Partners 

 

Partner:  SALAZAR GIBER ADOLFO

Partner:  BERDEJO MARIA LILIA

Partner:  SPIRCO ALICIA NELIDA


All of them in charge of the social signature use.

 

 

Corporate Stock 

 

Initial corporate stock: $ 0,31

 

 

Personal Information 

 

SALAZAR GIBER ADOLFO

Argentinian, born in 1946, married, CI. 3.209.430.


BERDEJO MARIA LILIA

Paraguayan, born in 1946, single, DNI. 92.055.714 (CUIT. 27-92055714-2).


SPIRCO ALICIA NELIDA

Argentinian, born in 1949, divorcee, CI. 6.264.440, with address in Humberto I No.3439 P.2º Dpto.C, Buenos Aires City.


There is no information about their participation in other activities.

 

 

History 

 

ROSENCO SOCIEDAD EN COMANDITA POR ACCIONES was incorporated as beginner of activities, performing from the beginning the commercialization of chemical products.


In July/1988 ROSENCO S.R.L. was incorporated as follower of activities, operating nowadays in the previously exposed addresses.


It registers the following changes on the duration of its social contract:


First change:     (29/06/1992?: 01/07/1994

Second change:01/07/1996

Third change:     01/07/2008


On 29/06/1994 the Partner Silvia Alejandra Salazar sold her 149,21 shares to ALICIA NELIDA SPIRCO.

 

 

Economic-Financial Position 

 

The company's representatives categorically refused to supply financial information.


From consultations which were carried out through indirect sources, it is known that its commercial operations have an medium importance level, without registering setbacks.

 

 

Assets 

 

The company doesn't own properties, highlighting that the ones used for the business belong to the partners, which as a whole have an important realization value.


VEHICLES:
---------
Car Chevrolet Mariva model 2005

Car Renault Express model 2001

 

 

Commercial References Consulted 

 

QUIMICA MEGA S.A.

Annual purchases: US$ 80.000

Term of payment: 30-60-90 days.


INMOBAL NUTRER S.A.

ROMIKIN S.A.

 

 

Evolution and Results 

 

The company is engaged in the import, bargain and sale of chemical products for the pharmaceutical, veterinary and cosmetic industry.


It carries out the commercialization of the following products:


COCONUT OIL

CASTOR OIL

PINE OIL

COD-LIVER OIL

ACETYL ACID

BENZOIC ACID

CITRIC ACID

FOLIC ACID

FORMIC ACID

GLYCOLIC ACID

LACTIC ACID

NICOTINIC ACID

TARTARIC ACID


It has an appropriate infrastructure, having appropriate facilities and work elements.


These activities are led by the representatives, working together with 7 employees.


Its sales are carried out in the local market.

 

 

TRADENAME


"DROGUERIA ROSENCO".


In the last twelve months it has carried out imports for a total value of US$ 176.318 from the following countries:


CHINA                          107.471

INDIA                            27.634

BRAZIL                         11.400

OTHER COUNTRIES      29.813

 

FOREIGN SUPPLIERS:

------------------
LANGTECH (CHINA)

GEMINIS (INDIA)

MARSING (DENMARK)

FISCHER (GERMANY)

 

 

Payment Record and Credit Risk 

 

BANKS:
------
BANCO DE LA NACION ARGENTINA                 Branch: Parque Patricios

BANCO CREDICOOP COOP.LTDO.                    Branch: Parque Patricios

BANCO DE LA CIUDAD DE BUENOS AIRES      Branch: Parque Patricios


INSURANCE:
----------
LA CAJA S.A.

 

It has insurance for general risks.

 

 

Concept 

 

This company doesn't register negative records.


From consultations which were carried out, it is known that the company's payment record is correct and its concept is good.


* FULFILLMENT: WITHOUT OBSERVATIONS

 

 

Final Opinion 

 

Bearing in mind what has been exposed hereby, we consider feasible the credit treatment with this company by prudent amounts due to the ignorance of its economic-financial structure and results.


For higher amounts take appropriate guarantees.


* FIT FOR PRUDENT CREDITS. FOR HIGHER AMOUNTS TAKE APPROPRIATE GUARANTEES



 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions