Registered
Name
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INMOBAL NUTRER
S.A.
DGI: CUIT: 30-58052893-3
DGR: Gross Incomes: 901-962129-7 C.M.
ANA: Import.Export.: 30-291-3-6
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Summary
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BEGINNER OF ACTIVITIES. INCORPOARTED IN 1977. BALANCE
SHEET AS OF 31/12/2006:
POSITIVE WITH A TIGHT ECONOMIC-FINANCIAL SITUATION. STABLE PERSPECTIVES. FULFILLMENT:
WITHOUT OBJECTIONS. FIT FOR CREDITS IN ACCORDANCE WITH ITS KNOWN
RESOURCES. FOR HIGHER AMOUNTS, TAKE APPROPRIATE GUARANTEES.
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Operations
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ORGANIC CHEMICAL
PRODUCTS
MANUFACTURE
IMPORT
COMMERCIALIZATION
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Legal
Structure
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Business type:
Public Limited Company
Incorporated:
03/02/1977
Registered:
09/06/1977 - Nº 1803, Book 86, Volume A
Duration: Until 09/06/2076
End of fiscal year: December 31st
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Contact
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Susana Malgeri
(Administrative Management)
Administration, sales and industrial plant: Dr. Roberto Uncal Nº 673
(E32601MB), Concepción del Uruguay, Entre
Ríos Province,
Argentine Republic.
Phone: (54-03442) 441000
Fax: (54-03442) 441001
Foreign trade and sales: Rivadavia 1369 (C1033AAD), Buenos
Aires City, Argentine Republic.
Phone: (54-011) 4370-0111
Fax: (54-011) 4370-0194
E-mail: info@inmobal-nutrer.com.ar
Distribution centre, sales and industrial plant: Chacabuco No.285
(BS870BPE), Avellaneda, Buenos Aires Province,
Argentine Republic.
Phone: (54-011) 4229-2900
Fax: (54-011) 4229.2905
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Partners
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President:
DEBOWICZ CARLOS JOSE
1º Vice-president: SZULMAN MAURICIO
2º Vice-president: WELEDNIGER ISIDORO
Director: SCHVARTZMAN JORGE EDUARDO
Alternate Director: GINI GRACIELA SILVIA
Alternate Director: DEBOWICZ DARIO JULIAN
Alternate Director: SZULMAN PATRICIA ALEJANDRA
Alternate Director: DEBOWICZ JAVIER EDUARDO
The first three mentioned ones, as Managers, are in charge of the
management and administration of the company, with the use of the social
signature.
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Corporate
Stock
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Subscribed and paid-in capital: $ 14.400.000 (common
shares).
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Personal
Information
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SCHVARTZMAN JORGE
EDUARDO
Argentinian, married, born on 05/12/1948, DNI. 8.423.223 (CUIT. 20-08423223-9), with
address in San Martin 773 piso 1º "A", Concepcion del Uruguay,
Entre Rios.
He is registered as member of MANGO ARGENTINA S.R.L.
SZULMAN MAURICIO:
Argentinian, married, DNI. 4.173.284, with address in Superi 2647, Buenos Aires City.
He is registered as partner of MANGO ARGENTINA S.R.L.
WELEDNIGER ISIDORO:
Argentinian, married, born on 30/01/1948, DNI. 4.623.342 (CUIT. 20-04623342-6),
with address in Echeverría 2296 4º piso, Buenos Aires City.
He is registered as partner of MANGO S.R.L
DEBOWICZ CARLOS JOSE:
Argentinian, married, born on 02/04/1949, DNI. 7.803.490, with address in
Sarmiento 4340, Buenos
Aires City.
He is registered in AGRICOLA DEL LITORAL S.A.
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History
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According to our registered information,
the co-partnership PRODUCTOS QUIMICOS INMOBAL was incorporated in the
seventies with the objective of performing the mentioned activities.
This company operated until early 1977, year in which the interested
parts agreed in changing its name to INMOBAL S.A.
It operated without changes until 02/09/1996, date in which it acquired
by a statutory merger to NUTRER S.A.,
which used to operate in Dr.Roberto Uncal No.673, Concepción del Uruguay,
Entre Ríos Province,
being registered on 27/09/1994, Folder 1618.
On 01/07/1997 it started using the current name.
One of the first achievements reached by the company was the sole
distribution for Argentina
of the products from CULTOR FOOD SCIENCE.
By mid-2000 THE TOWER FUNDA L.P. (TTF) carried out an important
investment. This company is integrated by a group of investors led by
HSBC S.A.DE INVERSIONES and CORPORACION FINANCIERA INTERNACIONAL (CFI).
Fits to highlight that on 02/07/2001 it acquired by a statutory merger to
COSMOQUIMICA S.A.,
which was dissolved without being liquidated.
MERGER:
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INMOBAL NUTRER S.A./INMOBAL NUTRER S.R.L. FUSION POR ABSORCION.
In the Extraordinary General Assembly of INMOBAL NUTRER S.A. which was
carried out on 28/08/2006 and in the partner’s meeting of INMOBAL NUTRER
S.R.L. which was carried out on 04/07/2006 it was decided the statutory
merger between these companies.
Nutrer SA will increase its capital from 3.600.000 to $ 14.000.000.
Assets and Liabilities valuation of the companies as of 31/12/2005.
INMOBAL NUTRER S.R.L.
=====================
CURRENT ASSETS............$ 7.097.885,38
NON-CURRENT ASSETS........$ 4.596.811,05
TOTAL ASSETS .............$11.694.696,43
CURRENT LIABILITIES.......$ 938.554,17
NET WORTH ................$10.756.142,26
INMOBAL NUTRER S.A.
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CURRENT ASSETS............$73.349.148,00
NON-CURRENT ASSETS........$ 7.193.889,00
TOTAL ASSETS..............$80.543.037,00
CURRENT LIABILITIES.......$49.936.261,00
NON-CURRENT LIABILITIES...$ 1.047.015,00
NET WORTH................$ 29.559.761,00
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Economic-Financial
Position
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BALANCE SHEET AS OF
31/12/2006.
GENERAL STRUCTURE:
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CURRENT ASSETS
103.675.213
NON-CURRENT ASSETS 9.583.001
CURRENT LIABILITIES 60.830.404
NON-CURRENT LIABILITIES 820.595
NET WORTH 51.607.215
SALES
249.839.417
FINAL PROFIT 19.514.880
Exposed figures show a tight economic-financial situation and acceptable
operating results.
Periods of collection and inventory turnover maintained reasonable
levels, reason why the company could obtain in due time the necessary
resources for facing without problems its operating requirements.
In relation with the previous fiscal year, we noticed the following changes:
CURRENT ASSETS
+ 41,3%
NON-CURRENT ASSETS + 33,2%
CURRENT LIABILITIES + 22,7%
NON-CURRENT LIAB. + 75,4%
NET WORTH + 74,5%
SALES +
23,3%
FINAL PROFIT + 78,9%
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Balance
Sheet
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Balance Sheet/s
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31/12/2006
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31/12/2005
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31/12/2004
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Total Assets
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$ 113.258.214,00
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$ 80.543.037,00
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$ 61.555.196,00
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Current Assets
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$ 103.675.213,00
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$ 73.349.148,00
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$ 46.968.740,00
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Banks
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$ 422.632,00
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$ 1.411.224,00
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$ 1.175.570,00
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Accounts Receivables
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$ 47.259.027,00
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$ 36.764.877,00
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$ 24.898.629,00
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Inventory
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$ 43.821.609,00
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$ 33.457.867,00
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$ 25.940.506,00
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Fixed Assets
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$ 7.368.979,00
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$ 7.187.868,00
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$ 6.866.492,00
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Non-Current Assets
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$ 9.583.001,00
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$ 7.193.889,00
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$ 14.586.456,00
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Investments
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$ 0,00
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$ 0,00
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$ 0,00
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Total Liabilities
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$ 61.650.999,00
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$ 50.983.276,00
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$ 38.398.713,00
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Current Liabilities
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$ 60.830.404,00
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$ 49.936.261,00
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$ 37.636.131,00
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Non-Current Liabilities
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$ 820.595,00
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$ 1.047.015,00
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$ 762.582,00
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StockHolders Equity
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$ 51.607.215,00
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$ 29.559.761,00
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$ 23.156.483,00
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Net Sales
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$ 249.839.417,00
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$ 202.592.628,00
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$ 172.677.979,00
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Cost of Good Sold
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$ 199.096.583,00
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$ 160.371.185,00
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$ 136.773.893,00
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Gross Result
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$ 50.742.834,00
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$ 42.221.443,00
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$ 35.904.086,00
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Administrative Expenses
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$ 12.007.707,00
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$ 10.956.237,00
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$ 10.137.201,00
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Selling Expenses
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$ 16.344.783,00
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$ 13.309.800,00
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$ 11.647.705,00
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Financial Income
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$ 2.975.451,00
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$ 1.327.200,00
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$ 144.688,00
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Other Expenses
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$ 99.987,00
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$ -5.724.928,00
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$ -4.809.063,00
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Final Result
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$ 19.514.880,00
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$ 10.903.278,00
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$ 9.165.429,00
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Balance Sheet
Analysis
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Indexes
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31/12/2006
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31/12/2005
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31/12/2004
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Current Ratio
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170,43 %
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146,89 %
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124,80 %
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Quick Ratio
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98,39 %
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79,88 %
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55,87 %
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Short Term
Indebtedness
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117,87 %
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168,93 %
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162,53 %
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Debt to Equity Ratio
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119,46 %
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172,48 %
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165,82 %
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Long Term Assets
to Total Assets
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8,46 %
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8,93 %
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23,70 %
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Fixed Assets to Equity
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14,28 %
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24,32 %
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29,65 %
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Total Assets to
Total Liabilities
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183,71 %
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157,98 %
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160,31 %
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Debt Ratio
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54,43 %
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63,30 %
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62,38 %
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Equity Ratio
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45,57 %
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36,70 %
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37,62 %
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Investments to
Assets Ratio
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38,69 %
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41,54 %
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42,14 %
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Current Investment
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91,54 %
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91,07 %
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76,30 %
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Stocks Aging Days
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80,34 días
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76,15 días
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69,23 días
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Day Sales
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69,04 días
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66,24 días
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52,63 días
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Trade Debtors To Assets
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41,73 %
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45,65 %
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40,45 %
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Total Assets Turnover
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220,59 %
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251,53 %
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280,53 %
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Net Worth Aging
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484,12 %
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685,37 %
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745,70 %
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Fixed Assets Aging
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3.390,42 %
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2.818,54 %
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2.514,79 %
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Gross Profit
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79,69 %
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79,16 %
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79,21 %
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Financial
Expenses on Sales Ratio
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1,19 %
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0,66 %
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0,08 %
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Commercial Exp.
on Sales Ratio
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6,54 %
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6,57 %
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6,75 %
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Administrative Exp.
on Sales Ratio
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4,81 %
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5,41 %
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5,87 %
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Assets
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REAL ESTATE:
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- Rivadavia 1369, Buenos
Aires City.
- Industrial Plant located in Concep.del Uruguay.
VEHICLES:
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- 15 vehicles of different brands and models between 1997 and 1999
No title deeds were shown as to verify if its assets are unencumbered.
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Evolution and
Results
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The company is engaged
in the industrialization of synthetical organic chemical products, used
for nutrition and animal health.
It has a first level automated plant on its area with modern technology
and techniques of control and management. It operates under international
policies, reason why it is one of the most modern establishment of Latin America.
On its establishment called "Planta Premix", it elaborates
premixings of Vitamins, Minerals and Nutritional Additives for animals
(birds, pigs, bovines and pets), as well as additives and products of
veterinary use.
It has an important infrastructure and organization, where its directors
participate together with the necessary staff, among administrators,
technicians, etc.
2007 SALES:
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JANUARY
$ 20.069.964,70
FEBRUARY $ 20.072.976,82
MARCH $
23.117.328,07
APRIL $
21.500.388,31
MAY $
23.646.038,06
JUNE $
22.237.553,89
90% of these sales belong to the local market and the remaining 10% to
exports.
FOREIGN TRADE:
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In the last twelve months it has carried out imports for a total value of
US$ 42.033.042 from the following countries:
CHINA
13.948.187
BRAZIL
6.703.988
FRANCE
3.458.601
OTHERS 17.922.266
MAIN IMPORTED PRODUCTS:
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Organic chemical products
Food for animals
NATIONAL SUPPLIERS:
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MATERIA S.A.
INDECAR S.A.
SOLVAY-INDUPA S.A.
* 227 EMPLOYEES
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Legal Background
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ADVERTENCIA: Si en este registro no apareciera un Nro.
de Doc. o CUIT, debe tomarse como
una simple referencia a verificar en el expediente para descartar la
existencia de personas con igual apellido y nombre/s o empresas con igual
razon social.
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· 28/09/2005 -
OFICIO LEY 22172 JUZG 20 SEC 40 - WACKER-CHEMIE GMBH
· 12/08/2005 -
EJECUTIVO JUZG 01 SEC 02 - TORRES, EDUARDO
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Payment Record
and Credit Risk
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BANKS:
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BBVA BANCO FRANCES
HSBC BANK
BANCO NACIONAL DE PARIS
BANCO SUPERVIELLE
BANCO DE GALICIA Y B.A.
BANCO RIO DE LA PLATA
BANCO SUPERVIELLE
BANCO CIUDAD DE BS.AS.
CREDIT RISK:
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July/2007
BBVA BANCO FRANCES $ 7.391.300 Situation 1
HSBC BANK $ 5.104.300 Situation 1
BANCO PARIBAS $ 2.341.600 Situation 1
BANCO SUPERVIELLE $ 1.900.300 Situation 1
BANCO GALICIA
$ 5.128.200 Situation 1
BANCO RIO $ 168.300
Situation 1
F.F. SUPERVIELLE $ 83.500 Situation 1
Situation 1: Normal Fulfillment.
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Concept
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According to our consultations, the company complies
in due time the commitments taken, highlighting that the 2005 judicial
doesn't affect its commercial concept.
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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 in accordance with its known
economic-financial resources.
For higher amounts, we suggest taking appropriate guarantees.
* FIT FOR CREDITS IN ACCORDANCE WITH ITS KNOWN RESOURCES. FOR
HIGHER AMOUNTS, TAKE APPROPRIATE GUARANTEES
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