Registered
Name
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AGROSUD S.A.
CUIT: 30-70814809-8
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Summary
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FOLLOWER OF ACTIVITIES. INCORPORATED IN 2002. BALANCE
SHEET AS OF 31/08/2006: TIGHT ECONOMIC-FINANCIAL POSITION WITH A POSITIVE
FINAL PROFITABILITY. IT REGISTERS A HIGH NUMBER OF REJECTED CHECKS DUE TO
INSUFFICIENT FUNDS. FOR CREDIT TREATMENT TAKE SOLID GUARANTEES, OTHERWISE
OPERATE IN CASH.
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Operations
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AGRICULTURAL MACHINERY AND RELATED PRODUCTS
MANUFACTURE
COMMERCIALIZATION
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Legal
Structure
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Business type: Public Limited Company
Incorporated: 03/09/2002
Registered: 09/10/2002
Duration: 99 years
End of fiscal year: August
31st
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Contact
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Legal address and Registered Office: Suipacha 190, 9º piso,
Ofic.901, Buenos Aires City, Argentine Republic.
Industrial plant and Main Administration: Ruta Provincial No.5, Km.105
(5862), Villa del Dique, Cordoba Province,
Argentine Republic.
Phone: (54-03546) 497989
Fax: (54-03546) 497986
E-mail: fábrica@agrosudsa.com
Annexed Industrial Plant: Ruta 7 Km.661, Justo Josè Daract, San Luis Province, Argentine
Republic.
Advertising and Marketing Department: Arturo M.Bas No.22, Ofic.2A, Cordoba (City and
Province).
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Partners
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President: ROLANDI ROBERTO MARIO
Alternate Director: NUÑEZ MARIA PATRICIA
The first mentioned one, as Manager, is in charge of the management and
administration of the company, with the use of the social signature.
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Corporate
Stock
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The company's corporate stock is established in $ 12.000, which has
been totally subscribed and paid in. It is represented by the same
quantity of common and registered shares with restrictered
transferability, of par value $1,00 each and with one vote per share.
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Personal
Information
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ROLANDI ROBERTO MARIO:
Argentinian, married, born on 20/12/1954, DNI. 11.425.783 (CUIT.
20-11425783-5) with address in El Mirador, Santa Rosa de Calamuchita,
Cordoba Province and special domicile in Las Barrancas 192,
Dpto.Calamuchita, Cordoba Province.
He is registered as Alternate Director of SADNESS S.A., whose President
is María Patricia Nuñez, with legal address in Suipacha 190, 9º '901',
Buenos Aires City.
This company is inactive nowadays, although it was created with the
objective of performing the exports of AGROSUD.
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History
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Although the company's directors didn't supply detailed
information, it is known that these activities were directly started by
mid-19800 by Mr Roberto Mario Rolandi, who operated as a sole proprietorship
until mid-2002.
In that date, AGROSUD was incorporated as follower of activities,
operating nowadays un the previously exposed addresses.
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Economic-Financial
Position
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Contact has been taken with Mr Ignacio Avila Posse (Foreign Trade
Department), from who was required the delivery of financial information.
As an answer to our requirement, he supplied partial figures of the
Balance Sheet as of 31/08/2006, which are expressed in pesos with the
objective of providing Mr. Subscriber with a description of the company's
economic-financial situation:
ASSETS:
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Current Assets
1.615.412
Non-Current Assets
715.552
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Total Assets
2.330.964
=========
LIABILITIES:
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Total Current
1.164.480
Net Worth
1.166.484
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Total Liabilities
2.330.964
=========
RESULTS:
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Net Sales
5.019.378
Cost of good sold
3.166.341
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Gross result
1.903.037
Other expenses
869.740
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Ending balance (profit)
1.033.297
========
At the end of the exposed fiscal year, the company had 1,00 of own
resources, reason why it has a limited margin for taking new commitments.
Profitability has been of 20,58% over sales, which is ideal, reason why
the mentioned situation was a more fluid.
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Assets
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REAL ESTATE:
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Inside the company's fixed assets is included the property that it has in
Villa El Dique, Cordoba
Province, of a good
realization value.
The annexed plant in Justo José Daract, San Luís belongs to the
directors.
No title deeds were shown as to verify if its properties are
unencumbered.
VEHICLES:
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8 vehicles of different brands and models, from which no details were
obtained.
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Parent/Related
Companies
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RELATED COMPANIES:
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SADNESS S.A.
AGROSUD BRASIL LTDA.
AGROSUD CHILE S.A.
AGROSUD URUGUAY S.A.
AGROSUD PARAGUAY S.A.
AGROFERTISA LTDA. ECUADOR
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Evolution and
Results
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The company is engaged in the manufacture and commercialization of
agricultural and forest machinery, except tractors, as well as spare
parts and accessories, using the brand "Roland".
It operates in the previously exposed addresses, where it has spacious
buildings, well installed and stocked of all those necessary tools and
elements.
These activities are led by the directors, working together with the
necessary staff, among administrators, technicians, etc.
MAIN PRODUCTS:
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Lawnmowers and machines for weeding "Roland H001 PRO",
"Roland H001 STD" and "Roland Hoo1 6x4".
> Picker carriage of grass.
> Machines for weeding "Roland HOO5 STD",
"Roland H005 PRO" and "Roland H005 PRO de arrastre".
> Equipments "Roland H293PRO".
> Lawnmowers for tractor "Roland H200".
> "Roland H290 PRO"
> "Roland H430 PRO/STD".
It carries out imports from Brazil,
exporting some of its products to Chile,
Uruguay, Paraguay, Mexico
and Bolivia,
representing 30% of its sale.
* 40 EMPLOYEES
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Payment Record
and Credit Risk
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BANK:
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BANCO CREDICOOP COOP.LTDO. Branch: Cordoba
Between October/2006 and May/2007 it registered 492 rejected checks due
to insufficient funds for a total amount of $ 1.671.701,96, from which it
paid 250 for $ 719.538,90.
The company said that these checks were received from third parties and
transferred to its suppliers. They are trying to pay them, up to now the
Bank didn't close its account.
CREDIT RISK:
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ENTITY MONTH/YEAR SITUATION
AMOUNT
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SUPERVIELLE
03/2007 1 $ 47.800
PIANO 03/2007
1
$
5.600
CREDICOOP 02/2007
1
$ 200
CITIBANK 03/2007
3
$ 2.100
NVO.SUQUIA 03/2007
4
$
6.000
Situation 1: Normal Fulfillment.
Situation 3: With 90 to 180 delay days.
Situation 4: With 180 to 365 delay days.
INSURANCE:
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MAPFRE S.A.
LA SEGUNDA COOPERATIVA DE SEGUROS GENERALES
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Concept
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We have not been provided with the Company’s suppliers list needed
to obtain information about its payment method.
* FULFILLMENT: NOT DETERMINED
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Final
Opinion
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Bearing in mind what has been exposed hereby, for credit treatment
with this company we suggest taking solid guarantees or operating
directly in advanced cash payment.
* TAKE SOLID GUARANTEES OR OPERATE IN CASH
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