MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ULEX S.A. |
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Registered Office : |
Asunciòn 2135 (1419), Ciudad de Buenos Aires |
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Country : |
Argentina |
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Date of Incorporation : |
03.03.1988 |
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Com. Reg. No.: |
119.295 |
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Legal Form : |
Limited Company |
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Line of Business : |
Operation of Mines and Quarries |
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
ULEX S.A.
CUIT No.: 30-62346221-4
Summary
BEGINNER OF ACTIVITIES. INCORPORATED IN 1988. NO FINANCIAL INFORMATION
PROVIDED. NO NEGATIVE ANTECEDENTS THAT COULD AFFECT ITS COMMERCIAL CONCEPT. IF
INTEREST IN CREDIT OPERATIONS PROCEED UNDER VERY SOLID BASIS.
Operations
OPERATION OF MINES And QUARRIES
Legal Structure
BUSINESS TYPE:
LIMITED COMPANY
INCORPORATED: 03/03/1988
REGISTERED: 09/03/1988
REGISTER NO.: 119.295
DURATION: UNTIL 09/03/2087
END OF FISCAL YEAR: MAY 31
Contact
ACCOUNTANT: Ana María
Soules.
LEGAL ADDRESS AND HEADQUARTERS: Asunciòn 2135 (1419), Ciudad de Buenos Aires,
República Argentina.
PHONE: (54-11) 4574-1555/2400
E-mail: informes@ulex.com.ar
Website: www.ulex.com.ar
OPERATION OF MINES IN Pcia.de Salta, República Argentina.
Partners
President:
PALLARO LUIS
Vicepresident: PALLARO GUSTAVO ANDRES
Director: PALLARO BRUNO GERARDO
Director: PALLARO GUSTAVO ANDRES
Director: PAPPINI NELIDA
Director: PALLARO NANCY MARIA
Director: PALLARO ALEJANDRA DANIELA
Director: PALLARO ROSANA MARISA
USE OF SIGNATURE: PRESIDENT AND V.PRESIDENT INDISTINCTLY.
Personal Information
PALLARO LUIS:
ITALIAN, MARRIED, BORN IN 01/01/1957, DNI.No. 93.688.081 (CUIT No.:
20-93688082-8) ADDRESS AT Asunciòn 2130, Cdad.de Buenos Aires.
PALLARO GUSTAVO ANDRES:
ARGENTINEAN, MARRIED, BORN IN 09/02/1958, ENTREPRENEUR, DNI.No. 11.955.561
(CUIT No.20-11955561-3) ADDRESS AT San Isidro Labrador No.1152, Martínez,
Pcia.de Bs.Aires.
History
THE COMPANY IS DEDICATED TO THE OPERATION OF MINES AND QUARRIES AT THE ADDRESS
PREVIOUSLY MENTIONED.
THE COMPANY IS AN INTEGRAL PART OF THE ECONOMIC GROUP: GRUPO PALLARO AND FROM
WHICH THE FOLLOWING COMPANIES BELONG TOO:
> GELATO S.A.
> APARATOS ELECTRONICOS AUTOMATICOS S.A.
> PALLARO HNOS. S.A.
> CAMPO DEL TESORO S.A.
Economic-Financial Position
OUR AGENT MADE CONTACT
WITH ACCOUNTANT Ana María Soules, WHO DECLINED TO PROVIDE ANY FINANCIAL
INFORMATION. WE ALSO CONSULTED OTHER SOURCES OF INFORMATION BUT IT WAS NOT
POSSIBLE TO OBTAIN ANY DETAILS.
ANYWAYS, WE CAN TELL THAT THE COMPANY IS OF MEDIUM IMPORTANCE IN THE SECTOR
WITH A NORMAL EVOLUTION.
Assets
IT WAS NOT POSSIBLE TO DETERMINE ACCURATELY IF THE COMPANY OWNS BUILDINGS
AND/OR VEHICLES.
Evolution and Results
THE
COMPANY IS DEDICATED TO THE OPERATIONS OF MINES AND QUARRIES SUCH AS boron,
colemanita, hidroboracita and ulexita AND ITS COMMERCIALIZATION. IT HAS
ITS MINES LOCATED ATPcia.de Salta.
IT CARRIES OUT IMPORTS OF MACHINES AND EQUIPMENT FROM CHINA, ITALY AND IN THE
LAST 12 MONTHS ITS IMPORTS HAVE BEEN OF u$s 285.430.-
* 60 EMPLOYEES.
Payment Record and Credit Risk
HSBC BANK ARGENTINA
NO NEGATIVE OF CHECKS WITHOUT FUNDS.
Concept
NO CONTACT WAS ABLE TO
MADE WITH LIST OF SUPPLIERS TO VERIFY ITS WAY OF PAYMENT.
THROUGH OUR DATA BANK, THERE'S NO RECORDS OF NEGATIVE ANTECEDENTS THAT COULD
AFFECT ITS COMMERCIAL CONCEPT.
* FULFILLMENT: UNDETERMINED ACCURATELY.
Final Opinion
BASED ON THE PREVIOUS REVIEW, IT IS ADVISABLE TO REQUEST PROPER GUARANTEES FOR
CREDIT OPERATIONS.
* FOR CREDIT OPERATIONS PROCEED UNDER VERY SOLID BASIS
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%)