Registered
Name
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ABUL S.R.L.
CUIT: 30-60406486-0
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Summary
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INCORPORATED IN 1984. BEGINNER OF ACTIVITIES. IT IS ON
A BANKRUPTCY PROCEEDINGS. BALANCE SHEET AS OF 31/08/2006: POSITIVE RESULTS AND
A GOOD ECONOMIC-FINANCIAL SITUATION. AS OF JUNE/20072007 THE BULLETING OF
THE CENTRAL BANK REGISTERED AN IMPORTANT ARREARS. WE SUGGEST TAKING SOLID
ADDITIONAL GUARANTEES OR OPERATING IN CASH.
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Operations
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METALLURGICAL
INDUSTRY
MANUFACTURE OF STAINLESS STEEL RIVETS
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Legal
Structure
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Business type:
Limited Liability Company
Incorporated:
01/02/1984
Registered:
1984
Duration: 02/03/2050
End of fiscal year: August 31st
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Contact
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Mrs Susana del Carmen Garcia
Legal address: Uruguay
3901 piso 12º, Buenos Aires
City.
Operative address: Venezuela
4761, Villa Martelli, Buenos
Aires Province.
Phone: (54-11) 4709.0465
Fax: (54-11) 4709.0465
E-mail: abul@abul.com.ar
Website: www.abul.com.ar
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Partners
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Partner: JUAN
IGNACIO ALBARENQUE
Partner: SUSANA DEL CARMEN GARCIA
They are in charge of the social signature use.
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Corporate
Stock
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The company's corporate stock is of $ 5.667,34 and
equally contributed by the mentioned partners.
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Personal
Information
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JUAN IGNACIO
ALBARENQUE
Argentinian, married, born on 22/10/1953, DNI. 10.829.054
SUSANA DEL CARMEN GARCIA
Argentinian, wife of the aforementioned, born on 23/09/1958, DNI. 12.791.967.
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History
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These commercial
activities were directly started by this company on February 1st of 1984.
PUBLICATION OF 12/06/2003:
IN THE COMMERCIAL NATIONAL COURT OF FIRST INSTANCE Nº 25, IN CHARGE OF DR
SILVIA REY, SECRETARY Nº 50 IN CHARGE OF DR JAVIER COSENTINO, LOCATED IN
CALLAO 635 4º, BUENOS AIRES CITY, ON 26/05/2003 IT WAS PRESENTED THE
BANKRUPTCY PROCEEDINGS. ON 08/08/2003 THE CREDITORS HAD TO REQUIRE THE
VERIFICATION OF ITS CREDITS IN FRONT OF THE APPPOINTED TRUSTEE, DR MARIA
MARTA SOMMARIVA, WITH ADDRESS IN FLORIDA 930 5º A, BUENOS AIRES CITY.
FITS TO HIGHLIGHT THAT THE AGREEMENT WAS APPROVED IN 2005, WITIH FIVE
YEARS OF GRACE AND THE COMPANY WILL PAY IN 10 ANNUAL QUOTAS, BEING THE
FIRST ONE IN 2010.
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Economic-Financial
Position
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BALANCE SHEET AS OF
31/08/2006.
The exposed figures show a favourable economic-financial position and
acceptable operating results.
Non-Current liabilities is integrated by the APPROVED BANKRUPTCY
PROCEEDINGS, which includes:
SUPPLIERS ............................... $ 77.762,67
FISCAL AND SOCIAL DEBTS.... $ 10.855,84
BANK DEBTS ............................ $159.037,20
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Balance
Sheet
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Balance Sheet/s
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31/08/2006
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Total Assets
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$ 1.003.755,11
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Current Assets
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$ 911.208,86
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Banks
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$ 63.694,00
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Accounts Receivables
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$ 164.487,00
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Inventory
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$ 89.115,00
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Fixed Assets
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$ 92.546,00
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Non-Current Assets
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$ 92.546,25
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Investments
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$ 0,00
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Total Liabilities
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$ 584.134,91
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Current Liabilities
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$ 336.479,20
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Non-Current Liabilities
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$ 247.655,71
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StockHolders Equity
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$ 419.620,20
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Net Sales
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$ 1.954.505,77
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Cost of Good Sold
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$ 1.502.727,47
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Gross Result
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$ 451.778,30
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Administrative Expenses
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$ 205.128,59
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Selling Expenses
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$ 136.860,36
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Financial Income
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$ 0,00
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Other Expenses
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$ 15.999,98
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Final Result
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$ 125.789,33
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Balance Sheet
Analysis
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Indexes
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31/08/2006
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Current Ratio
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270,81 %
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Quick Ratio
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244,32 %
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Short Term Indebtedness
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80,19 %
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Debt to Equity Ratio
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139,21 %
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Long Term Assets to Total Assets
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9,22 %
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Fixed Assets to Equity
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22,05 %
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Total Assets to Total Liabilities
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171,84 %
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Debt Ratio
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58,19 %
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Equity Ratio
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41,81 %
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Investments to Assets Ratio
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8,88 %
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Current Investment
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90,78 %
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Stocks Aging Days
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21,65 días
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Day Sales
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30,72 días
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Trade Debtors To Assets
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16,39 %
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Total Assets Turnover
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194,72 %
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Net Worth Aging
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465,78 %
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Fixed Assets Aging
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2.111,93 %
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Gross Profit
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76,89 %
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Financial Expenses on Sales Ratio
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0,00 %
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Commercial Exp. on Sales Ratio
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7,00 %
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Administrative Exp. on Sales Ratio
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10,50 %
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Assets
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NET RESULTANT VALUE
$ 92.546,25
This account includes furniture, tools, facilities and machinery.
The property located in the previously exposed address belongs to the
mentioned partners and has a surface of 450 sqm.
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Evolution and Results
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Since 1984 the
company is engaged in the manufacture, distribution and import of fixing
elements on stainless steel and special alloys.
The factory has important machineries, which are divided in four different
groups: COLD-STAMPING, HOT-STAMPING, TURNERY AND THREADED.
Its products are used by different industries, such as pharmaceutical,
chemical, petrochemical, food, metallurgical, fishing, dairy, naval,
assembly, building, paper, automobile, aeronautic and space.
It has an appropriate structure, where it employs 14 people.
Up to now the company doesn't register negative elements and has stable
perspectives.
In the last twelve months it has carried out imports for a total value of
US$ 192.683 from the following countries:
ITALY
101.876
USA
69.809
SPAIN
20.998
MAIN IMPORTED PRODUCTS:
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Screw
Bolts
Nut
Rivets
Washer
Profile bars
Alloy profiles
NATIONAL SUPPLIERS:
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M.T. MAJDALANI S.A.
JORVICAL ACEROS S.A.
* 14 EMPLOYEES
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Payment Record
and Credit Risk
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BANK:
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HSBC BANK ARGENTINA
Branch: Florida
INSURANCE:
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SEGURCOOP COOP. DE SEGUROS LIMITADA
Insurance policies for general risks.
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THE BULLETIN FROM THE CENTRAL BANK OF ARGENTINE REPUBLIC AS OF JUNE/2007,
MENTIONS THE DEBT THAT THIS COMPANY HAS WITH THE FOLLOWING INSTITUTIONS
AS UNRECOVERABLE.
It is infered that these debts might be included in the Creditors
Calling.
Values expressed in thousands of pesos:
BANCO CIUDAD DE BUENOS AIRES 0,5
BBVA BANCO FRANCES 59,7
BANCO PATAGONIA
39,5
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Concept
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The company
complies in due time the commitments taken and doesn't register that
could affect its concept.
Some companies pay attention to the performance of its account, because up
to now the company didn't start paying the debts of the bankruptcy
proceedings.
* THE MOVEMENT OF ITS ACCOUNT IS OBSERVED
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Final
Opinion
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What has been
exposed hereby is all as regards this company. We suggest taking solid guarantees
or operating in cash in order to avoid unforeseen eventualities.
* FOR CREDIT TREATMENT TAKE SOLID GUARANTEES OR OPERATE IN CASH
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