MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MATFLO INSUMOS INDUSTRIALES S.A. |
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Registered Office : |
Ruta Panamericana, Colectora Este No.1989, San Isidro, Buenos Aires
Province. |
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Country : |
Argentina |
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Date of Incorporation : |
06.05.1993 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Commercialization of Industrial Inputs of Stainless Steel |
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 : |
Regular |
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Litigation : |
Clear |
Registered Name
MATFLO INSUMOS
INDUSTRIALES S.A.
CUIT: 30-66101958-8
Summary
INCORPORATED IN 1993. BEGINNER OF ACTIVITIES. BALANCE SHEET AS OF
31/7/2006 (WE ARE TRYING TO OBTAIN THE ONE AS OF 31/7/2007): FAVOURABLE ECONOMIC-FINANCIAL
SITUATION AND ACCEPTABLE OPERATING LEVELS. NORMAL PERFORMANCE AND STABLE
PERSPECTIVES. IT DOESN'T REGISTER NEGATIVE. FIT FOR CURRENT CREDITS WITH THE
ADOPTION OF APPROPRIATE GUARANTEES.
Operations
METALLURGICAL PRODUCTS
COMMERCIALIZATION
Legal Structure
Business type: Public
Limited Company
Incorporated: 06/05/1993
Registered:
24/05/1993
Duration: 99 years
End of fiscal year: July 31st
Contact
Accountant Marcelo Schvartz
Legal and Operative address: Ruta Panamericana, Colectora Este No.1989, San
Isidro, Buenos Aires Province.
Phone/Fax: (54-11) 4700-0028
E-mail: matflo@matflosa.com.ar
Warehouses: J.M.Campos 1827, San Andres, Buenos Aires Province.
Partners
President: BERNARDEZ ALEJANDRA ISABEL
Vice-president: VILLA EDUARDO
Attorney: SCHVARTZ
MARCELO DANIEL
In the charge of the President and Vice-president.
Personal Information
BERNARDEZ ALEJANDRA ISABEL
Argentinian, born on 16/10/1963, DNI. 16.896.230 (CUIT. 23-16896230-4), with
address in Kenedy y Libertad, El Talar, Buenos Aires Province.
She is registered in the following company:
OIL AND GAS SUPPLIERS S.A.
Position: Vice-president
VILLA EDUARDO
Argentinian, born on 16/5/1964, DNI. 16.849.216 (CUIT. 20-16849216-3), with
address in B.Roldan 1064, Gral.Pacheco, Buenos Aires Province.
History
According to our investigations, these activities were directly started
by this company on 06/05/2007.
Economic-Financial Position
According to our investigations with third
parties, it has been possible to obtain figures of the Balance Sheet ended as
of 31/07/2006.
Through the accountant Mrs Alejandra Grisalba, we are trying to obtain the
Balance Sheet ended as of 31/072007.
GENERAL STRUCTURE: 31/07/2006
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CURRENT ASSETS $ 3.128.801
NON-CURRENT ASSETS $
42.639
CURRENT LIABILITIES $
749.801
NET WORTH $ 2.421.639
SALES $ 7.922.065
FINAL PROFIT $ 576.756
The exposed figures show a satisfactory economic-financial situation, when own
funds grouped inside the net worth formed a good covering fo the amount of
commitments taken, having a positive result considered as acceptable.
It doesn't register ups and downs and has stable perspectives.
Balance Sheet
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Assets
The company is not owner of properties, highlighting that its operative
address and warehouse are leased.
Evolution and Results
The company is engaged in the
commercialization of industrial inputs of stainless steel.
Among its commercialized products, we mention:
> pipes
> bathroom fittings
> stainless steel shhets
> tubes
> copper sheets
It is a company with several years in operation with stable perspectives.
In the last twelve months it has carried out imports for a total value of US$
941.441, from the following countries:
CHINA 368.274
USA 267.865
GERMANY 88.953
OTHERS 216.348
LOCAL SUPPLIERS:
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JORVICAL ACEROS S.A.
M.T. MAJDALANI S.A.
Payment Record and Credit
Risk
BANKS:
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BANCO DE GALICIA Branch: Martinez
BANCO DE LA NACION ARGENTINA Branch: Martinez
BBVA BANCO FRANCES Branch: San Isidro
INSURANCE:
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SAN CRISTOBAL SEGUROS S.A.
CREDIT RISK:
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July/2008
GALICIA 07/08 SIT.1 $ 718,300
NACION 07/08 1 123,600
FRANCES 07/08 1 92,300
SITUATION 1: NORMAL FULFILLMENT.
Concept
Up to now the company has a good concept and
complies in due time the commitments taken.
* FULFILLMENT: WITHOUT OBJECTIONS
Final Opinion
We consider feasible the credit treatment
with this company by amounts of current importance with the adoption of
appropriate guarantees.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)