Registered Name
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EXAL
PACKAGING S.A.
CUIT: 30-70796120-8
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Summary
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INCORPORATED IN 2001. BEGINNER OF ACTIVITIES. DUE TO ITS POLICY,
FINANCIAL INFORMATION IS NOT SUPPLIED. LAST BALANCE SHEET KNOWN:
31.12.2005. IT DOESN'T REGISTER NEGATIVE. UNTIL BEING ABLE TO HAVE
CURRENT DATA, FOR CREDIT TREATMENT PROCEED WITH THE PROPER RESERVES.
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Operations
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COSMETIC
PRODUCTS
ELABORATION
DIVISION
PACKING
COMMERCIALIZATION
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Legal Structure
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Business
type: Public Limited Company
Incorporated: 25/04/2002
Registered: 19.4.2002
Register no.: 1.705.174
Duration: 19.4.2101
End of fiscal year: December 31st
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Contact
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Accountant
Eduardo Wainar
Legal address: San Martín 390, P.2º, Buenos Aires City, Argentine
Republic.
Production Plant and Administration: Ruta Panamericana (Ruta 9) Km. 37,1
(1619), Garin, Buenos Aires Province.
Phone: (54-03327) 440700
E-mail: esteban.pezzi@exalpack.com.ar
Website: exal-packaging.com
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Partners
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President:
GIBERT DELFIN
Vice-president: CARLOS DOS SANTOS CLARO
Director: YANTORNO RUBEN PASCUAL
ADOLFO
Alternate Director: SANTIAGO JOAQUIN ARGONZ
All of them have address at calle Canal y Calle 9 del Parque Industrial
de Pilar, Ruda 8 km. 60 de Pilar, Provincia de Buenos Aires.
Social signature use: In the charge of the President, in his absences
Power of Attorney
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Corporate Stock
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As of 31.12.205, Corporate Stock: $ 12.000 subscribed and paid in,
integrated by $ 3.000 represented by same amount of common shares,
nominative, nonendorsable, par value $ 1.00 each with right to vote per
share.
99.99% is contributed by EXAL INTERNATIONAL LIMITED, with legal address
at Charlestown, Nevis, US Indies, being dedicated to investments in
companies.
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Personal
Information
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DOS SANTOS
CLARO CARLOS:
argentine, married, entrepreneur, DNI.No. 14.617.458 same address as the
aforementioned
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History
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The company was
registered on 12/04/2002, Folio 760, Nº 374 of Buenos Aires City.
It is beginner of activities and its corporate stock has been contributed
by the following companies:
* EXAL INTERNACIONL LIMITED
Registered: General Inspection of Justice - Nº 520, Book 54, Volume B.
Domicile: San Martín 390, P.2º, Buenos Aires City.
* SECURIRY HOLDING S.A.
Registered: General Inspection of Justice - Nº 4604, Book 105, Volume A.
Domicile: Same than the aforementioned.
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Economic-Financial Position
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Company's
representatives categorically refused to supply financial information,
data which couldn't be obtained in the consulted sources.
From such form, contact with the closed General Balance sheet to the
31/12/2005 could be taken (last known), being the same the last one
presented to the General Inspection of Legal People in date
04/12/2006.
With the intention of illustrating to the Sr.Abonado on the individual,
we exposed numbers of the same expressed in pesos and comparative form
with those of previous the immediate exercise.
Of course that is a totally not updated period and that therefore does
not deserve any type of consideration that in the end does not reflect
its present economic-financial position.
Anyway and based on the only data in our power, it is indicated that at
that time it was reasonably balanced for his industry, existing a
relation between his assets and current liabilities, finding these last
ones a suitable endorsement on the part of his own resources.
The level of income reached surpassed those of the 2004, obtaining a
positive final yield.
Indirect means in which it develops habitually indicate that the later
exercise would not have thrown mainly significant variable,
although at the moment is not possible to obtain, for obvious reasons.
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Balance Sheet
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Balance Sheet/s
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31/12/2005
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31/12/2004
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Total Assets
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$ 21.288.551,00
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$ 21.155.139,00
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Current Assets
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$ 6.513.117,00
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$ 5.885.187,00
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Banks
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$ 1.309.731,00
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$ 674.252,00
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Accounts Receivables
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$ 2.913.447,00
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$ 3.689.402,00
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Inventory
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$ 1.815.117,00
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$ 1.176.910,00
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Fixed Assets
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$ 14.426.071,00
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$ 15.034.227,00
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Non-Current Assets
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$ 14.775.434,00
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$ 15.269.952,00
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Investments
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$ 0,00
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$ 0,00
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Total Liabilities
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$ 14.141.274,00
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$ 15.835.674,00
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Current Liabilities
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$ 5.772.190,00
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$ 8.559.265,00
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Non-Current Liabilities
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$ 8.369.084,00
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$ 7.276.409,00
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StockHolders Equity
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$ 7.147.277,00
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$ 5.319.465,00
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Net Sales
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$ 26.747.543,00
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$ 22.200.003,00
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Cost of Good Sold
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$ 20.940.743,00
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$ 17.529.089,00
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Gross Result
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$ 5.806.800,00
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$ 4.670.914,00
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Administrative Expenses
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$ 1.262.989,00
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$ 1.129.852,00
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Selling Expenses
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$ 576.524,00
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$ 511.710,00
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Financial Income
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$ 1.125.906,00
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$ 1.255.221,00
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Other Expenses
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$ -1.013.569,00
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$ -703.295,00
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Final Result
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$ 1.827.812,00
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$ 1.070.836,00
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Balance Sheet Analysis
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Indexes
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31/12/2005
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31/12/2004
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Current Ratio
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112,84 %
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68,76 %
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Quick Ratio
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81,39 %
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55,01 %
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Short Term Indebtedness
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80,76 %
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160,90 %
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Debt to Equity Ratio
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197,86 %
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297,69 %
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Long Term Assets to Total Assets
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69,41 %
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72,18 %
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Fixed Assets to Equity
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201,84 %
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282,63 %
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Total Assets to Total Liabilities
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150,54 %
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133,59 %
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Debt Ratio
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66,43 %
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74,85 %
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Equity Ratio
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33,57 %
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25,15 %
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Investments to Assets Ratio
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8,53 %
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5,56 %
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Current Investment
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30,59 %
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27,82 %
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Stocks Aging Days
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31,64 días
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24,51 días
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Day Sales
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39,76 días
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60,66 días
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Trade Debtors To Assets
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13,69 %
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17,44 %
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Total Assets Turnover
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125,64 %
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104,94 %
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Net Worth Aging
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374,23 %
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417,34 %
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Fixed Assets Aging
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185,41 %
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147,66 %
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Gross Profit
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78,29 %
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78,96 %
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Financial Expenses on Sales Ratio
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4,21 %
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5,65 %
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Commercial Exp. on Sales Ratio
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2,16 %
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2,30 %
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Administrative Exp. on Sales Ratio
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4,72 %
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5,09 %
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Assets
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The company
is owner of the large property located in Garin, Buenos Aires Province,
which has an important realization vale due to its characteristics.
No deeds were obtained to verify if the good is free of burdens.
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Parent/Related
Companies
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EXAL
INTERNACIONAL LIMITED
SECURITY HOLDING S.A.
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Evolution and Results
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The company
performs the mentioned activities and has the necessary operating structure,
where it employs 130 people.
Up to now it doesn't register ups and downs and has stable perspectives.
In the last twelve months it has carried out imports for a total value of
US$ 1.417.568, from the following countries:
> USA..................................634.350
> BRAZIL...............................356.598
> FRANCE ..............................262.941
> OTHERS ..............................183.679
MAIN IMPORTED PRODUCTS:
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Mixings of odoriferous substances
Alcoholic solutions for perfumes
Ethyl alcohol
and others
MAIN SUPPLIERS:
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ARCOR S.A.
IPSA S.A.
SUMMIT S.A.
SASOL SOLVENT (SOUTH AFRICA)
TACAYADU (FRANCE)
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Payment Record and Credit
Risk
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BANKS:
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BANCO PATAGONIA SUDAMERIS Branch: Garín
BANCO SANTANDER RIO
Branch: Garín
BANCO DE GALICIA Y BS.AS. Branch: Garín
> DOES NOT REGISTER CLOSINGS OF BANKING ACCOUNTS;
> DOES NOT REGISTER BANKRUPTCY ORDERS;
> IT DOES NOT REGISTER IMPORTANT JUDGMENTS
INSURANCE:
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LA MERIDIONAL CIA. DE SEGUROS S.A.
Insurance policies for general risks.
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Concept
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It
is commercially related with companies of this one and other places, several
of which offer credit, without making until the moment objections on the
modes of payment that it sustains.
* FULFILLMENT: NOT OBJECTED.
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Final Opinion
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Based on the present review and until the managers of the company provided
up-to-date accountant information, it is understood that at credit
level the same will have to be dealt with the reserves of the case.
* IN CREDIT OPERATIONS TO BUILD WISELY.
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