MIRA INFORM REPORT

 

 

Report Date :

06.11.2007

 

IDENTIFICATION DETAILS

 

Name :

EXAL PACKAGING S A

 

 

Registered Office :

San Martin 390, P.2º, Buenos Aires City

 

 

Country :

Argentine

 

 

Date of Incorporation :

25.04.2002

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Cosmetic Products, Elaboration, Division, Packing, Commercialization

 

 

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

 

 

 

EXAL PACKAGING S.A.

CUIT: 30-70796120-8

 

 Summary

 

 

 

INCORPORATED IN 2001. BEGINNER OF ACTIVITIES. DUE TO ITS POLICY, FINANCIAL INFORMATION IS NOT SUPPLIED. IT DOESN'T REGISTER NEGATIVE. FOR CREDIT TREATMENT TAKE CARE AND APPROPRIATE GUARANTEES.

 

 Operations

 

 

 

COSMETIC PRODUCTS
ELABORATION
DIVISION
PACKING
COMMERCIALIZATION

 

 Legal Structure

 

 

 

Business type:      Public Limited Company
Incorporated:        25/04/2002
Registered:           2002
Duration:               99 years
End of fiscal year: December 31st

 

 Contact

 

 

 

Accountant Eduardo Wainar

Legal address: San Martín 390, P.2º, Buenos Aires City, Argentine Republic.

Production Plant and Administration: Ruta Panamericana (Ruta 9) Km. 37,1 (1619), Garin, Buenos Aires Province.

Phone:  (54-03327) 440700
E-mail: esteban.pezzi@exalpack.com.ar
Website: exal-packaging.com

 

 Partners

 

 

 

President:              GIBERT DELFIN
Vice-president:      PEZZI VITO
Director:                YANTORNO RUBEN PASCUAL ADOLFO
Alternate Director: PEZZI ESTEBAN

Social signature use: In the charge of the President and Vice-president.

 

 Corporate Stock

 

 

 

Corporate Stock: $ 12.000 (common shares)

 

 History

 

 

 

The company was registered on 12/04/2002, Folio 760, Nº 374 of Buenos Aires City.

It is beginner of activities and its corporate stock has been contributed by the following companies:

* EXAL INTERNACIONL LIMITED
Registered: General Inspection of Justice - Nº 520, Book 54, Volume B.
Domicile: San Martín 390, P.2º, Buenos Aires City.

* SECURIRY HOLDING S.A.
Registered: General Inspection of Justice - Nº 4604, Book 105, Volume A.
Domicile: Same than the aforementioned.

 

 Economic-Financial Position

 

 

 

Company's representatives categorically refused to supply financial information, data which couldn't be obtained in the consulted sources.

However, it is known that the company operates with a good level of importance, doesn't register negative elements, has a normal performance and stable perspectives.

 

 

 

 Assets

 

 

 

The company is owner of the large property located in Garin, Buenos Aires Province, which has an important realization vale due to its characteristics.

 

 Parent/Related Companies

 

 

 

EXAL INTERNACIONAL LIMITED
SECURITY HOLDING S.A.

 

 Evolution and Results

 

 

 

The company performs the mentioned activities and has the necessary operating structure, where it employs 130 people.

Up to now it doesn't register ups and downs and has stable perspectives.

In the last twelve months it has carried out imports for a total value of US$ 598.854, from the following countries:

South Africa:        253.975
France:                174.101
United States:      165.532
Other countries:    5.246

MAIN IMPORTED PRODUCTS:
-----------------------
Mixings of odoriferous substances
Alcoholic solutions for perfumes
Ethyl alcohol
and others

MAIN SUPPLIERS:
---------------
ARCOR S.A.
IPSA S.A.
SUMMIT S.A.

SASOL SOLVENT (SOUTH AFRICA)
TACAYADU (FRANCE)

 

 

 

 

 

 

 Payment Record and Credit Risk

 

 

 

BANKS:
------
BANCO PATAGONIA SUDAMERIS          Branch: Garín
BANCO SANTANDER RIO                        Branch: Garín
BANCO DE GALICIA Y BS.AS.                 Branch: Garín

INSURANCE:
----------
LA MERIDIONAL CIA. DE SEGUROS S.A.
Insurance policies for general risks.

CREDIT RISK:
------------
July/2007

BANCO RIO   $ 897.700 - Situation 1

Situation 1: Normal Fulfillment.

 

 Concept

 

 

 

The company doesn't register negative records.

According to our consultations, it complies in due time the commitments takne.

* FULFILLMENT: WITHOUT OBJECTIONS

 

 Final Opinion

 

 

 

Bearing in mind the lack of financial information needed to determine the company's current economic-financial situation, for credit treatment with this company we suggest taking appropriate guarantees.

* FOR CREDIT TREATMENT, 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.

 

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