MIRA INFORM REPORT
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Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIO CIRCE S.R.L. |
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Registered Office : |
Liniers 3953/61 – Ciudadela |
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Country : |
Argentina |
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Date of Incorporation : |
29.01.1986 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
Development of confectionery |
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No. of Employees
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22 Persons |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Argentina |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Registered
Name
LABORATORIO CIRCE S.R.L.
C.U.I.T. 30-60852388-6
Summary
INCORPORATED IN 1986. BEGINNER OF
ACTIVITIES. REFUSAL TO SUPPLY FINANCIAL AND GENERAL INFORMATION. NOT NEGATIVE. OPERATE WITH CREDITS OF MEDIUM IMPORTANCE.
Operations
> Development of
confectionery.
Legal
Structure
Legal form:
Liability limited company
Created: 29/01/1986
Duration: 99 years
End of fiscal year: 31 December
Registered in AFIP 01/04/1986
Contact
CESAR MELAMED
(accountant)
* Sede legal: Eustaquio Frias 445, piso 4, oficina B, Buenos Aires City,
Republic of Argentina.
* Operative and Sales office: LINIERS 3953/61 - CIUDADELA
Phone/Fax: 54 (11) 4653-4521
E-mail: ventas@circeonline.com.ar
Partners
> PARTNER CAPELLO
CARLOS ALBERTO
> PARTNER GONZALEZ ZUBELDIA MARIA YOLANDA
Use of firm name, by the before mentioned in legal representative of the
company .-
History
Circe began operating
in 1975 in response to the segment of the bakery was in full swing.
From the beginning, said policy to the overall quality of the entire product
line.
The impact was such that the sector itself prompted them to develop a wider
range of products for their quality and presentation were the closest
alternative to similar imported.
After 30 years, Circe is positioned as the category only company in Argentina
with the widest range of products for cakes and pastries.
* Not registered affiliates.
Economic-Financial
Position
Having contacted the
Sr; CESAR Melamed, Accountant of the firm, it indicates that it is company
policy not to provide accounting data through third party sources.
Consulted alternative ways of financial information, is obtained from an
identical same negative result.
Assets
REAL ESTATE:
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LINIERS 3953/61 - CIUDADELA
PLANT EXPANSION
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Of the current 3450 m2, to 6000 m2 passed designed to expand the processing
plant, automatic packaging, storage and dispatch.
Evolution
and Results
Company dedicated to
the processing of raw materials for cakes and pastries.
Among his most outstanding products, we can mention the following.
> ADDITIVES
> YUGAR
> BICARBONATE
> CARAMEL
> ESSENCES AND COLOURS
> GELATIN
FOREIGN TRADE:
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In the last twelve months, it has made specific imports from following
countries:
> INDIAN
> NORWAY
> INDONESIA
* 22 EMPLOYEES
Payment
Record and Credit Risk
> BCO GALICIA
BRANCH Ciudadela
* CREDIT RISK SETEMBER 2011
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> BCO GALICIA $
300
* SITUATION 1: NORMAL.
INSURANCE:
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> CNA ART
> BERKLEY SEGUROS S.A.
Concept
We lack of the
suppliers lists as to determine its payment record.
Anyway in database it do not register backgrounds that could affect its
concept.
* FULFILLMENT: NOT DETERMINED.
Final
Opinion
According to what was
exposed, we consider that the company is feasible for credit treatment, through
the use of safety measures, for amounts of medium importance.
* FIT FOR CREDITS OF MEDIUM IMPORTANCE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.65 |
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UK Pound |
1 |
Rs.81.06 |
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Euro |
1 |
Rs.69.51 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.