Registered Name
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DROGUERIA
SAPORITI S.A.C.I.F.I.A.
CUIT: 30-51559391-4
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Summary
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BEGINNER OF ACTIVITIES. INCORPORATED IN 1968. BALANCE
SHEET AS OF 30/06/2006: IDEAL ECONOMIC-FINANCIAL SITUATION WITH A
POSITIVE FINAL PROFITABILITY. FIT FOR OPERATIONS OF CURRENT IMPORTANCE
WITH THE ADOPTION OF APPROPRIATE GUARANTEES.
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Operations
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DRUGSTORE
CHEMICAL AND MEDICINAL PRODUCTS
DISTRIBUTION
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Legal Structure
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Business type:
Public Limited Company
Incorporated:
15/05/1968
Registered: 26/07/1968
Register #: 25.421
Duration: 99 years
End of fiscal year: June 30th
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Contact
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Mrs Norma Amelia
Varni (Director).
Legal and Operative address: Av. del Campo 1449 (1427), Buenos Aires
City, Argentine Republic.
Phone: (54-11) 4555-8300
Fax: (54-11) 4555-5445
E-mail: ventas@drogueria-saporiti.com.ar
E-mail:contaduria@drogueria-saporiti.com.ar
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Partners
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President:
OTERO POSE JORGE ALBERTO
Vice-president: OTERO
JORGE CLAUDIO
Director: VARNI DE OTERO POSE NILDA IRENE
Director: OTERO SILVIA IRENE
Alternate Director: VARNI NORMA AMELIA
The first two mentioned are in charge of the company´s management and
administration, being the Managers, both make use of the social
signature.
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Corporate Stock
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El capital social de la empresa se halla establecido
en la suma de $350.000,00 el cual ha sido totalmente suscripto y realizado,
trascendiendo que el mismo es aportado mayoritariamente por miembros de
su directorio.
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Personal Information
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OTERO POSE JORGE
ALBERTO:
Argentinian, married, LE. 4.011.221 (CUIT. 23-04011221-9) with address in
Warnes 99, Buenos Aires City.
OTERO JORGE CLAUDIO:
Argentinian, married, born in 10/09/1954, DNI. 11.293.319 (CUIT.
20-11293319-1) with address in Gualeguaychu 3028, Buenos Aires City.
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History
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The company was incorporated
by mid-1968 with the objective of performing its current activities,
operating at present in the previously exposed address.
It isn’t known if it is member of any economic group or of its directors
perform other activities.
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Economic-Financial
Position
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Contact has been taken with Mrs Norma Amelia Varni,
from who was required the delivery of up-to-date financial information in
order to determine the company's current economic-financial situation.
As an answer, she explained that due to regulations of the company's
directors, financial information is no longer supplied to third parties,
refusing as a consequence to attend our requirement.
Therefore, it has been necessary to consult indirect sources, where we
obtained figure of the Balance Sheet ended as of 30/06/2006, which are
exposed with the objective of providing Mr. Subscriber with a description
of the company's economic-financial situation.
ASSETS:
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Total Current Assets
15.915.502
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Total Non-Current Liabilities
11.403.939
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TOTAL ASSETS
27.319.441
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LIABILITIES:
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Debts
1.895.754
Wages and payroll taxes
614.584
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Total Current Liabilities
2.510.338
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Total Non-Current Liabilities
66.913
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Total Liabilities
2.577.251
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Net Worth
24.742.190
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LIABILITIES AND NET WORTH 27.319.441
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P/L STATEMENT:
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Gross sales
25.814.708
Endinf Balance (Profit)
3.680.540
At the end of the exposed fiscal year it existed a correct relation
between its current assets and short-term liabilities.
Its own resources were a large support for the amounts of operations,
having as a result a balanced economic-financial situation.
The reached income level has been lower to the ones of 2005, although it
obtaining finally an improvement in the finally reached results.
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Balance Sheet
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Balance Sheet/s
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30/06/2005
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30/06/2004
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Total Assets
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$ 24.774.018,04
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$ 23.726.745,41
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Current Assets
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$ 13.791.859,67
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$ 12.518.211,15
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Banks
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$ 741.598,63
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$ 630.168,29
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Accounts Receivables
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$ 2.259.019,13
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$ 2.038.746,57
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Inventory
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$ 10.426.528,14
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$ 9.130.265,48
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Fixed Assets
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$ 10.961.018,24
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$ 11.184.615,04
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Non-Current Assets
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$ 10.982.158,37
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$ 11.208.534,26
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Investments
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$ 106.298,48
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$ 438.980,72
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Total Liabilities
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$ 1.612.368,18
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$ 1.847.924,90
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Current Liabilities
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$ 1.612.368,18
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$ 1.847.924,90
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Non-Current Liabilities
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$ 0,00
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$ 0,00
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StockHolders Equity
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$ 23.161.649,86
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$ 21.878.820,51
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Net Sales
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$ 25.890.940,11
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$ 27.024.256,91
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Cost of Good Sold
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$ 11.134.942,26
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$ 10.502.926,23
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Gross Result
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$ 14.755.997,85
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$ 16.521.330,68
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Administrative Expenses
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$ 4.213.670,99
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$ 3.770.374,12
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Selling Expenses
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$ 3.345.811,48
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$ 3.383.861,58
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Financial Income
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$ 0,00
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$ 9.867,86
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Other Expenses
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$ -4.033.686,02
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$ -6.450.506,43
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Final Result
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$ 3.162.829,36
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$ 2.906.720,69
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Indexes
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30/06/2005
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30/06/2004
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Current Ratio
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855,38 %
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677,42 %
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Quick Ratio
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208,72 %
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183,34 %
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Short Term Indebtedness
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6,96 %
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8,45 %
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Debt to Equity Ratio
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6,96 %
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8,45 %
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Long Term Assets to Total Assets
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44,33 %
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47,24 %
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Fixed Assets to Equity
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47,32 %
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51,12 %
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Total Assets to Total Liabilities
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1.536,50 %
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1.283,97 %
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Debt Ratio
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6,51 %
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7,79 %
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Equity Ratio
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93,49 %
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92,21 %
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Investments to Assets Ratio
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42,09 %
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38,48 %
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Current Investment
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55,67 %
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52,76 %
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Stocks Aging Days
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341,78 días
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317,30 días
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Day Sales
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31,85 días
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27,54 días
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Trade Debtors To Assets
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9,12 %
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8,59 %
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Total Assets Turnover
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104,51 %
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113,90 %
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Net Worth Aging
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111,78 %
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123,52 %
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Fixed Assets Aging
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236,21 %
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241,62 %
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Gross Profit
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43,01 %
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38,86 %
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Financial Expenses on Sales Ratio
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0,00 %
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0,04 %
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Commercial Exp. on Sales Ratio
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12,92 %
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12,52 %
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Administrative Exp. on Sales Ratio
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16,27 %
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13,95 %
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Assets
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REAL ESTATE:
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Inside the company's fixed assets is included the building located in the
previously exposed address, of 5,000 covered sqm. in three storeys, with
a real value higher than the mentioned one.
VEHICLES:
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1 truck Mercedes Benz
2 vans Fiat Fiorino
1 automobile Peugeot 206
No title deeds were shown as to verify if its properties are
unencumbered.
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Evolution and Results
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The company is
engaged in the commercialization and distribution of drugstore products and
medicinal specialties, being established in the previously exposed
address.
It is a company of reasonable importance in its sector, having a good
infrastructure and organization, where its directors participate together
with the necessary staff.
It continue operating with a solid economic-financial level, operating as
a result with an investments program.
In the last twelve months it has carried out imports for a total value of
US$ 1.658.868 from the following countries:
CHINA ............................... US$ 733.473
INDIA ............................... US$ 321.584
USA ................................. US$ 133.794
OTHERS .............................. US$ 470.017
In the same period of time it has carried out exports to Canada, Spain,
Belgium, Australia, Uruguay, Chile, Brazil, Italy, Paraguay, Ecuador and
Cuba for a total value of US$ 60.942,88.
* 200 EMPLOYEES
NATIONAL SUPPLIERS:
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PLASIFARM S.R.L.
INCASA S.A.
LABORATORIO OTEMEN S.A.
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Payment Record and Credit
Risk
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BANKS:
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BANCO DE GALICIA Y BS.AS. S.A., Branch: Chacarita
BBVA BANCO FRANCES S.A., Principal Office
BANCO DE LA NACION ARGENTINA, Principal Office
BANCO DE LA PROVINCIA DE BS.A., Principal Office
BANCO SANTANDER RIO
Principal Office
CREDIT RISK:
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July/2007
Banco Supervielle: $ 2.300.- Situation 1
Banco de Galicia: $ 500.- Situation 1
Situation 1: Normal Fulfillment.
INSURANCE:
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ZURICH CIA. DE SEGUROS S.A.
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Concept
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It is commercially related with national and foreign
companies. Many of them give it their credit support and indicate that up
to now the company has complied in due time the commitments taken.
* FULFILLMENT: NOT OBJECTED
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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 amounts of current
importance with the adoption of appropriate guarantees.
* FIT FOR OPERATIONS OF CURRENT IMPORTANCE
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