Registered
Name
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METALFOR S.A.
CUIT: 30-64616777-5
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Summary
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FOLLOWER OF ACTIVITIES. INCORPORATED IN 1990. BALANCE
SHEET AS OF 31/12/2005: BALANCED ECONOMIC-FINANCIAL POSITION WITH GOOD FINAL
PROFITABILITY. FIT FOR OPERATIONS OF CURRENT IMPORTANCE AND WITH THE
ADOPTION OF ADDITIONAL GUARANTEES.
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Operations
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MANUFACTURE OF AGRICULTURAL MACHINERY AND TOOLS
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Legal
Structure
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Business type: Public Limited
Company
Incorporated: 01/11/1990
Registered: 13/03/1992
Duration: 99 years
End of fiscal year: December 31st
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Contact
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Accountant: Guillermo Ureta
Operative amd Administrative address: Ruta Nacional No.9, Km.443, Marcos
Juarez, Cordoba Province, Argentine Republic.
Phone: (54-03472) 425894/426966/427373
Fax: (54-03472) 426103
E-mail: info@metalfor.com.ar
Website: metalfor.com.ar
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Partners
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President: DADOMO LUIS ANGEL
Vice-president: PICATTO OMAR
Director: URETA GUILLERMO PEDRO
Alternate Director:
CASTELLANO PABLO ANDRES
The aforementioned ones are in charge of the management and
administration of the company, as Managers, 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 $ 88.000
which has been totally subscribed and paid in. It has been mainly
contributed by its directors.
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Personal
Information
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DADOMO LUIS ANGEL
Argentinian, divorcee, Merchant, born on 03/07/1954, DNI.
11.331.252 (CUIT. 20-11331252-2) with address in
Avda. Leandro N.Alem 554, Marcos Juarez, Cordoba Province.
He registers backgrounds through the following companies:
> AIRJET MARCOS JUAREZ S.A.
President
> ESTANCIAS LAS CORZUELAS S.A.
President
> INDUSTRIAS ARAUS S.A.
President
PICATTO OMAR ALBERTO
Argentinian, married, Merchant, born on 03/09/1958,
DNI. 12.766.130 (CUIT. 20-12766130-9) with address in
Gral. Mansilla 346, Marcos Juarez, Cordoba Province.
He registers backgrounds through the following companies:
> AIRJET MARCOS JUAREZ S.A. Alternate Director
> ESTANCIAS LAS CORZUELAS S.A.
Vice-president
> INDUSTRIAS ARAUS S.A.
Vice-president
URETA GUILLERMO PEDRO
Argentinian, married, born on 03/10/1972, DNI.
22.752.991 with address in Avellaneda Este No. 164, Marcos Juarez, Cordoba Province.
CASTELLANO PABLO ANDRES:
Argentinian, married, born on 18/11/1973, DNI.
23.631.847 wit address in Bismarck 151,
Marcos Juarez, Cordoba
Province.
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History
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These activities were started by Luis Angel Dadomo in
1974 in El Fortin, Cordoba
Province,
performing the manufacture of agricultural tools.
In 1989 he created a sole proprietorship and carry out the manufacture
and sale of the first spary machine of 600 liters of capacity.
Later on it divided its production and added several models in the line
of dragging equipments. It created a machine that makes the driver not
breathing the spraying cloud and avoid having intoxication.
Some years later, METALFOR S.A. was incorporated as
follower of activities.
In 1993 it decided to establish its plant in Marcos
Juarez City,
Cordoba Province, Km. 443 de la Ruta
Nacional Nro. 9. Facilities have a total surface of 40.000 sqm. and a
covered surface of 7.000 sqm.
Since then, the company consolidated itself in the
national market.
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Economic-Financial
Position
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The Accountant Guillermo Ureta explained that
the Balance Sheet as of 31/12/2006 is not ended yet, reason why it
supplied global figures of the financial statement as of 31/12/2005,
which are expressed in pesos.
ASSETS:
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Current Assets 83.511.000
Non-Current Assets
20.560.000
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TOTAL Assets
104.071.000
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LIABILITIES:
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Current Liabilities 36.660.000
Non-Current Liabilities 9.245.000
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Total Liabilities
45.905.000
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Net Worth
58.166.000
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TOTAL LIABILITIES 104.071.000
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RESULTS:
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Net Sales
130.210.000
Ending Balance (Profit) 14.216.000
The exposed figures show a favourable economic-financial situation, when
the own funds grouped inside the net worth were an appropriate covering
for the commitments taken.
Commercial operations reached important amounts and ended with a profit
which is compensatory.
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Assets
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REAL ESTATE:
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Land of 40.000 sqm., with a building of 7.000 sqm. located in Ruta
No.9,Km.443, Marcos Juarez, Cordoba
Province, of a good
realization value.
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Evolution and
Results
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The company performs the previously mentioned
activities, having an important operating structure with 420 employees.
The company is consolidated on its sector and doesn't register problems,
highlighting that it operates with stable perspectives.
Sinec 1998 it organized an after sales system for offering a "hand
to hand" service, with training from specialized staff, obtaining in
this way the trust of its products.
The factory has all the line of spare parts and autoparts with more than
4.000 pieces for covering all the user's needs, accessories of cab,
accessories of pulverization, bars of pulverization, computers of
pulverization, velocity boxes, clutches, brakes, motor and hydraulic
organs, auxiliars, freight systems, fuel system, rolling system,
hydraulic system, suspension, transmission and front/rear wheel assembly.
FOREIGN TRADE:
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In the last twelve months it has carried out imports for a total value of
US$ 4.213.586 from the following countries:
UNITED STATES 1.953.957
BRAZIL
1.411.776
ITALY
385.794
OTHER COUNTRIES
462.057
MAIN IMPORTED PRODUCTS:
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Mechanical devices for dispersing and spraying liquids
and powders.
Sandblasting machines and devices
Aerographic guns
Jet devices with use in the agriculture and gardening
Radiotelecontrol devices
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Payment Record
and Credit Risk
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BANKS:
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BANCO DE GALICIA Y BS.AIRES
BANCO DE LA NACION ARGENTINA
STANDARD BANK
BBVA BANCO FRANCES
BANCO DE LA PROV. DE CORDOBA
BANCO SUPERVIELLE
BANCO PATAGONIA
BANCO SANTANDER RIO
HSBC BANK
NUEVO BANCO ITAU
NUEVO BANCO DE SANTA
FE
NUEVO BANCO DEL SUQUIA
NUEVO BANCO BISEL
CREDIT RISK:
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03/2007
BBVA BCO.FRANCES $ 5.147.200. Situation 1
BCO.RIO
4.723.200.
Situation 1
BCO.NACION
4.464.300. Situation
1
BCO.SUQUIA
3.677.200. Situation
1
BCO.GALICIA 3.627.500. Situation 1
BCO.BISEL
2.550.100.
Situation 1
BCO.PATAGONIA 2.192.400. Situation 1
HSBC BANK
1.834.300. Situation
1
INV.Y COM.
1.567.600.
Situation 1
STANDARD BANK 1.183.900. Situation 1
BCO.ITAU
992.600.
Situation 1
BCO.SANTA FE 781.700. Situation 1
BCO.SUPERVIELLE 629.100. Situation 1
Situation 1: Normal Fulfillment.
INSURANCE:
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DEL NORTE S.A.
LA SEGUNDA LIMITADA
Insurance policies for general risks.
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Concept
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The company doesn't register negative.
Through consultations which were carried out, it is known that the
company has a good fulfillment.
* WELL QUALIFIED COMPANY
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Final
Opinion
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Bearing in mind what has been exposed hereby, we
consider feasible the credit treatment with this company by current
amounts and with the adoption of appropriate guarantees.
* FIT FOR CREDITS WITH THE ADOPTION OF GUARANTEES
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