MIRA INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
URBANBUCHNER S.A. |
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Registered Office : |
Cerrito 1320 piso 12, Ciudad de Buenos Aires |
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Country : |
Argentina |
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Financials (as on) : |
30.06.2007 |
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Year of Establishment : |
1987 |
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Com. Reg. No.: |
117243 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of Label Machines. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Registered Name
URBANBUCHNER S.A.
CUIT: 30-61494662-4
Summary
INCORPORATED IN
1987. BEGINNER OF ACTIVITIES. BALANCE SHEET AS OF 30.6.2007l POSITIVE FAVORABLE
ECONOMIC POSITION. NORMAL EVOLUTION, STEADY PERSPECTIVES, FULFILLMENT WITHOUT
OBJECTIONS, APT FOR CREDITS IN RELATION TO ITS OWN RESOURCES.
Operations
STEEL COMPANY,
MANUFACTURE OF LABEL MACHINES.
Legal Structure
BUSINESS TYPE:
LIMITED COMPANY
INCORPORTED: 1987
REGISTERED: 27.10.1987
REGISTER NO.: 117243
DURATION: 27.10.1986
END OF FISCAL YR: 30.06
Contact
LEGAL ADDRESS:
Cerrito 1320 piso 12, Ciudad de Buenos Aires, Argentina.
HEADQUARTERS:
Estados Unidos 505, Villa Martelli, Prov. de Buenos Aires, Argentina.
Tel. (54-11) 4730.3113
Partners
PRESIDENT: MARCOS FLORIAN URBAN
USE OF SIGNATURE: PRESIDENT
Corporate Stock
COMMON SHARES
SUBSCRIBED AND PAID IN $ 12.000
SHAREHOLDERS:
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MARCOS FLORIAN URBAN 1.400 SHARES
FELI M. STEVERLYNCK 11.998 SHARES
Personal Information
MARCOS FLORIAN
URBAN
ARGENTINE, MARRIED, BORN IN 13.3.1953, ADDRESS AT calle Hipolito Yrigoyen
1027, Vicente Lopez, Provincia de Buenos Aires.
HE REGISTERS PARTICIPATION AT:
CASEDIT S.C.A.
History
The company is
beginner of activities and was incorporated at the address mentioned before.
Economic-Financial Position
GENERAL BALANCE
SHEET TO THE 30 OF JUNE OF 2007.
GENERAL STRUCTURE:
------------------
CURRENT ASSETS $ 1.173.012, 72
NONCURRENT ASSETS $ 9,709, 77
CURRENT LIABILITIES $ 384,501, 21
NET PATRIMONY $ 798,221, 28
SALES $ 1.575.807, 95
FINAL UTILITY $ 121,692, 05
The numbers show a favorable economic-financial position, as it is indicated by
the corresponding indices of liquidity and indebtedness, having obtained of
their managements a positive result that is considered moderate.
Driving of the
company until the present does not show unfavorable alternatives and generally
stable perspective are assigned to him.
Balance Sheet
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Balance Sheet/s |
30/06/2007 |
30/06/2006 |
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Total Assets |
$ 1.182.722,49 |
$ 867.876,73 |
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Current Assets |
$ 1.173.012,72 |
$ 865.704,88 |
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Banks |
$ 119.205,00 |
$ 146.023,00 |
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Accounts Receivables |
$ 367.746,00 |
$ 209.105,00 |
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Inventory |
$ 324.260,00 |
$ 219.750,00 |
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Fixed Assets |
$ 9.709,00 |
$ 2.171,00 |
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Non-Current Assets |
$ 9.709,77 |
$ 2.171,85 |
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Investments |
$ 0,00 |
$ 0,00 |
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Total Liabilities |
$ 384.501,21 |
$ 186.347,50 |
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Current Liabilities |
$ 384.501,21 |
$ 174.474,59 |
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Non-Current Liabilities |
$ 0,00 |
$ 11.872,91 |
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StockHolders Equity |
$ 798.221,28 |
$ 681.529,23 |
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Net Sales |
$ 1.575.807,95 |
$ 1.450.316,31 |
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Cost of Good Sold |
$ 1.008.077,66 |
$ 1.028.638,46 |
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Gross Result |
$ 567.730,29 |
$ 421.677,85 |
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Administrative Expenses |
$ 350.305,14 |
$ 342.208,80 |
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Selling Expenses |
$ 160.031,21 |
$ 132.334,58 |
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Financial Income |
$ 0,00 |
$ 0,00 |
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Other Expenses |
$ 64.298,11 |
$ 213.126,94 |
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Final Result |
$ 121.692,05 |
$ 160.261,41 |
Balance Sheet
Analysis
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Indexes |
30/06/2007 |
30/06/2006 |
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Current Ratio |
305,07 % |
496,18 % |
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Quick Ratio |
220,74 % |
370,23 % |
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Short Term Indebtedness |
48,17 % |
25,60 % |
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Debt to Equity Ratio |
48,17 % |
27,34 % |
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Long Term Assets to Total Assets |
0,82 % |
0,25 % |
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Fixed Assets to Equity |
1,22 % |
0,32 % |
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Total Assets to Total Liabilities |
307,60 % |
465,73 % |
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Debt Ratio |
32,51 % |
21,47 % |
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Equity Ratio |
67,49 % |
78,53 % |
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Investments to Assets Ratio |
27,42 % |
25,32 % |
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Current Investment |
99,18 % |
99,75 % |
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Stocks Aging Days |
117,41 días |
77,98 días |
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Day Sales |
85,18 días |
52,63 días |
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Trade Debtors To Assets |
31,09 % |
24,09 % |
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Total Assets Turnover |
133,24 % |
167,11 % |
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Net Worth Aging |
197,41 % |
212,80 % |
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Fixed Assets Aging |
16.230,38 % |
66.804,07 % |
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Gross Profit |
63,97 % |
70,93 % |
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Financial Expenses on Sales Ratio |
0,00 % |
0,00 % |
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Commercial Exp. on Sales Ratio |
10,16 % |
9,12 % |
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Administrative Exp. on Sales Ratio |
22,23 % |
23,60 % |
Assets
Resulting net value $ 9,709, 77. -
This account has the following items:
Furniture and equipment 498,83
Eq. computers 8,371, 15
Machineries 153,03
Facilities 686,76
The society does not count on own real estate and pays rent by the dependancies
that occupies in the address mentioned.
Evolution and
Results
The society in commentary dedicates to
the development of the activities mentioned with acceptable operative
structure, in which 7 employees evolve, under the direct supervision of its
main person in charge.
Until the present commercial driving generally does not show bumps and within
the plane in which operates, stable perspective are assigned to him.
In the last 12 months it has made specific imports from EE.UU by u$s 77.674. -
The imported products were diverse machines and apparatuses.
HABITUAL SUPPLIERS:
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SESTO S.A.
ELECTRICOS PANAMERICANA
Payment Record and Credit
Risk
BANCO DE LA PROV.
DE BUENOS AIRES
Insurance:
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AGF ALLIANZ
Credit Risk:
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MAY 2008
BANCO COMAFI $ 61.300 SITUATION 1
SITUATION 1: NORMAL FULFILLMENT
Concept
Until the present
commentaries do not arise and/or antecedents that can affect the commercial
concept of the company and have established through the inquiries that have
taken place, that it correctly cancels the assumed obligations.
Generally, is a society that deserves a favorable qualification in the
operative means that are habitual.
SOCIETY OF GOOD QUALIFICATION UNTIL THE PRESENT.
Final Opinion
After what it has
been expressed in the paragraphs that precede, it is arrived at the conclusion
that is a society that can be grant new credits, within sums that bear
relation to their economic-financial resources known in usual conditions.
For greater sums, proceed with the request of suitable endorsement.
APT FOR CREDITS IN AGREEMENT WITH ITS OWN ECONOMIC/FINANCIAL RESOURCES.
FOR GREATER SUMS, REQUEST ENDORSEMENT.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)