MIRA
INFORM REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
LEATHERTEX ARGENTINA S.A. |
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Registered Office : |
Iturraspe 650, Piso 1, Reconquista, Provincia de Santa Fe |
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Country : |
Argentina |
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Date of Incorporation : |
24.2.1999 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import of Leather |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
LEATHERTEX ARGENTINA S.A.
CUIT: 30-69924624-3
Summary
INCORPORATED IN 1999, NO FINANCIAL DATA PROVIDED,
STEADY PERSPECTIVES, NO NEGATIVE ANTECEDENTS, APT FOR MODERATE CREDITS WITH
GUARANTEES.
Operations
IMPORT OF LEATHER
Legal Structure
BUSINESS TYPE: LIMITED COMPANY
INCORPORATED: 24.2.1999
DURATION: 99 YRS
END OF FISCAL YR: 31.1
Contact
Mr.Hernan Ramirez
OPERATIVE ADDRESS: Iturraspe 650, Piso 1, Reconquista, Provincia de Santa Fe,
Argentina.
Tel: (54-03482) 420443
Fax: (54-03482) 429555
SALES OFFICE: Av.Garay 4163, Ciudad de Buenos Aires, Argentina.
Tel: (54-11) 4924-3711
Partners
President: ESTEBAN PABLO ALAL
ALTERNATE Director: MARIANA ALAL
USE OF SIGNATURE: President
Corporate Stock
SHARE CAPITAL: $ 100.000.-
Personal Information
ESTEBAN PABLO ALAL
(CUIT: 20-25089613-2)
ARGENTINE, SINGLE, BORN IN 18/11/1975, ADDRESS Gral.Obligado 585,
Reconquista, Prov.de Santa Fe, posee D.N.I. No. 25.089.613.
MARIANA ALAL
(CUIT: 27-06458354-4)
ARGENTINE, SINGLE,BORN IN 2/12/1925, ADDRESS AT Iturraspe 650, Reconquista,
Prov.de Santa Fe, posee L.C. No. 6.458.354.
History
It was constituted during year 1999 under trade name LEATHERTEX
ARGENTINA SOCIEDAD COLECTIVE.
Dated 15/10/2001 it comes to its transformation in Anonymous Society.
It is clarified that they were very reluctant in offering information on its
activities, being due to resort to other sources of consultation to be able to
fill out the present report.
Economic-Financial Position
The company by norm do not facilitate countable states
to third parties, reason why we cannot extend this chapter of the information.
Assets
It does not own real estate, his operative
building is property of the company EMILIO ALAL S.A.
Parent/Related Companies
EMILIO ALAL S.A.
Reconquista, Santa Fe
Branch: Tannery
Evolution and Results
It is dedicated to the import and export of
leathers and similars.
The lack of financial data prevents us to evaluate the evolution of its
businesses.
Payment Record and Credit
Risk
They did not give name of banking organizations.
They do not register antecedents of bad check emission.
Concept
They did not facilitate list of suppliers to verify the fulfillment of
its obligations.
They do not register judicial antecedents that can affect its concept.
Final Opinion
We recommend to operate by moderate amounts and the adoption of suitable
defenses.
APT FOR MODERATE CREDITS
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.75.03 |
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Euro |
1 |
Rs.63.14 |
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%)