MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANCO S.A. |
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Registered Office : |
Avda.Corrientes 327, 3er.piso, Ciudad de Buenos Aires, |
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Country : |
Republica Argentina |
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Date of Incorporation : |
28.02.1974 |
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Com. Reg. No.: |
2560,Fo.378,Lo.80 |
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Legal Form : |
Limited Company |
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Line of Business : |
Chemical Products Manufacture Commercialization |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Registered Name
ANCO S.A.
CUIT No.: 30-55458953-3
Summary
BEGINNER OF The ACTIVITIES THAT COMES DEVELOPING. INCORPORATED IN 1974. UNDER
NO CIRCUMSTANCES, PROVIDES FINANCIAL INFORMATION. APT FOR CREDIT OPERATIONS OF
PRUDENCIAL IMPORTANCE WITH ADDITIONAL GUARANTEES.
Operations
CHEMICAL PRODUCTS
MANUFACTURE
COMMERCIALIZATION
Legal Structure
BUSINESS TYPE: LIMITED COMPANY
INCORPORATED: FEBRUARY 28/1974
REGISTERED: DECEMBER 27/1974
No.2560,Fo.378,Lo.80
DURATIOIN: 99 YEARS
END OF FISCAL YEAR: JUNE
30
Contact
ACCOUNTANT: Damián Busnik.
LEGAL ADDRESS: Avda.Corrientes 327, 3er.piso, Ciudad de Buenos Aires, República
Argentina.
HEADQUARTERS: Guayaquil 1339 (1607), Villa Adelina, Pcia.de Buenos Aires,
República Argentina.
PHONE: (54-11) 4763-9680
Website: www.anco.com.ar
Partners
President: MUHLHAUSER BRIGIDA ISABEL IRENE DE ERICHSEN
Vicepresident: RAMIREZ GUSTAVO ERNESTO
THE PRESIDENT AND V.PRESIDENT ARE IN CHARGE OF THE DIRECTION AND ADMINISTRATION
OF THE COMPANY, AND, AS MANAGERS, HAVE USE OF SIGNATURE INDISTINCTLY.
Corporate Stock
The share capital of the company is established in the sum of $ 150,000
that has been totally suscribed and paid in, represented by the same amount of
common shares, nominative, nonendorsable of par value $ 1.00 each one with
right to a vote by share.
Personal Information
MUHLHAUSER DE ERICHSEN BRIGIDA ISABEL IRENE:
Argentinean, married, born in January 01/1962, DNI.No. 15.208.825 (CUIT No.:
27-15208625-9) with address at Guayaquil 1339, Villa Adelina, Pcia.de Bs.Aires.
History
By early 1974 and with the intention of
facing the explotation of the activities that comes developing, the company has
been organized and established at the address exposed opportunely.
There is no knowledge that the company is integral part of other economic group
or that its directors maintain interference in other companies.
Economic-Financial Position
Through contact made with Accountant Damian Rusnik, we were informed
that under no circumstances, the company provides financial information to
third parties. We consulted indirect means of information with negative
results, since we couldn't find any financial numbers or balance sheets to
determine the actual economic-financial situation. We were able to find
that the sales for 2007 ascended to about $ 2.500.000 which was not possible to
verify for obvious reasons.
Assets
Due to the reluctant attitude demonstrated by those who took care of our
requirement, it has not been possible to determine if the company has
registered real estate and/or vehicles that could increase its patrimony.
The real estate that occupies at its operative address, is taken in leasing by
sum and under conditions unknown.
Evolution and Results
The company is dedicate to the manufacture
of chemical products, specifically:
Flexible microcrystalline waxes.
Hard microcrystalline waxes.
Diverse Waxes.
Coverings for cheeses.
Stuffed Electro.
Wax emulsions.
Lamination.
Ceresinas.
Coverings.
Dental wax.
Unmounted wax
For its activities is located at the address mentions before where it occupies
a building of medium dimensions, which is equipped with modern facilities and
machinery with the exigencies of a highly competitive market.
Its directors personally take care of the operations, with the help of 9
employees.
In the last 12 months it has carried out importos from South Africa for u$s.
111.830,
Exports are carried out to adjacent countries.
MAIN SUPPLIERS:
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PARAFINA DEL PLATA S.A.
RIGUO S.R.L.
Y.P.F. S.A.
SASOL WACS (SOUTH Africa)
Payment Record and Credit
Risk
BBVA BANCO FRANCES S.A. Branch
Villa Adelina
BANCO CREDICOOP COOP.LTDO. Branch
Villa Adelina
Concept
At commercial level the company deals with local companies and international
ones, which offer their credit support without making, until the present, any
objections on the way payments are sustained.
* FULFILLMENT: NOT OBJECTED.
Final Opinion
Based on the lack of
negative antecedents, the company is viable for credit operations of prudencial
importance and with proper guarantees.
* FOR CREDIT OPERATIONS, PROCEED WITH PRUDENCE
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%)