MIRA INFORM REPORT

 

 

Report Date :

18.09.2007

 

IDENTIFICATION DETAILS

 

Name :

LABORATORIO SANT GALL FRIBURG QCI S.R.L.

 

 

Registered Office :

Brasil 3133 (1260), Buenos Aires City, Argentine Republic

 

 

Country :

Brazil

 

 

Date of Incorporation :

15/05/1986

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Elaboration and Commercialization of chemical products.

 

 

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   

 

LABORATORIO SANT GALL FRIBURG QCI S.R.L.

CUIT: 30-52317952-3

 

 

Summary      

 

BEGINNER OF ACTIVITIES. INCORPORATED IN 1986. DUIE TO REGULATIONS OF ITS AUTHORITIES, FINANCIAL INFORMATION IS NOT SUPPLIED TO THIRD PARTIES. FOR CREDIT TREATMENT, OPERATE OVER VERY FIRM BASES.

 

 

Operations       

 

CHEMICAL PRODUCTS
ELABORATION
COMMERCIALIZATION

 

 

Legal Structure   

 

Business type:      Limited Liability Company
Incorporated:        15/05/1986
Registered:           28/08/1986
Duration:               Unlimited
End of fiscal year: December 31st

 

 

Contact       

 

Accountant: María Rosa Boti

Operative and Administrative address: Brasil 3133 (1260), Buenos Aires City, Argentine Republic.

Phone: (54-11) 4943-0729/2494
E-mail: mboti@santgallefriburg.com.ar

 

 

 

 

 

Partners     

 

Partner:  SALMUN FEIJOO DE VARAS ELIZABETH
Partner:  VARAS MARIA VERONICA

The first mentioned one, as Manager, is in charge of the management and administration of the company, with the use of the social signature.

 

 

Personal Information   

 

SALMUN FEIJOO DE VARAS ELIZABETH:
Argentinian, married, born in 1928, LC. 0.392.820, Pharmacist, with address in Bordeaux 2250, Bella Vista, Buenos Aires Province.

She is registered in the following companies:

> FARMACIA SANTA CATALINA S.R.L.           Partner
> AUTOMOTORES CONGRESO S.R.L.           Partner
> PROYECTOS E INVERSIONES S.A.             Vice-president

VARAS MARIA VERONICA:
Argentinian, born in 1958, DNI. 12.506.034, Pharmacist, with address in Caseros 769, 14º "D", Buenos Aires City.

She is registered as President of LHATYN PHARMA S.A.

 

 

History   

 

The company was incorporated with the objective of performing its current activities, operating nowadays in the previously exposed address.

There is no register of its participation in other economic group, having its partners participation in the mentioned companies.

 

 

Economic-Financial Position   

 

Contact has been taken with the Accountant María Rosa Boti, from who was required the delivery of financial information.

As an answer, she explained that due to the company's policy, this data is managed inside the company, refusing as a consequence to attend our requirement.

Therefore it has been necessary to consult other sources. And even in this way, no information about this company was registered.

 

Assets   

 

Due to the mentioned reluctant attitude, it has not been possible to determine if the company owns properties and/or vehicles.

 

 

Evolution and Results       

 

The company performs the mentioned activities and operates in the previously exposed address, where it has a medium-size building with good facilities.

It carries out imports from Uruguay, Mexico and Brazil, not being notorious its incursion in the export market.

In the last twelve months it has carried out imports for a total value of US$ 266.915 from the following countries:

Uruguay:             140.202
Mexico:                 58.634
Brazil:                   46.910
Other countries:   21.169

* 40 EMPLOYEES

 

 

Payment Record and Credit Risk      

 

BANK:
-----
BANCO CREDICOOP COOP.LTDO.


CREDIT RISK:
------------

ENTITY           MONTH/YEAR  SITUATION   AMOUNT
------                   ----------               ---------           ------
CREDICOOP    07/2007                  1             227.300


(1) Normal Situation.

 

 

Concept       

 

It is commercially related with companies of this and other markets. Some of them give it their credit support, not making up to now objections about its payment record.

* FULFILLMENT: NOT OBJECTED

 

 

Final Opinion    

 

Bearing in mind the lack of information in order to determine its current economic-financial situation, for credit treatment we suggest operating over very firm bases.

* FOR CREDIT TREATMENT OPERATE OVER VERY FIRM BASES

 

 

 

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