MIRA INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name : |
CASAL DE REY Y CIA. S.R.L. |
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Registered Office : |
Avda.Pte.Roque Saenz Peña No. 943, 8o. piso,Ofic.83 (1035), Ciudad |
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Country : |
Argentina |
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Financials (as on) : |
30.06.2010 |
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Year of Establishment : |
1952 |
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Legal Form : |
Ltda. Company |
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Line of Business : |
Marketing of Industrial Chemicals
Production |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
CASAL DE REY Y
CIA. S.R.L.
CUIT No.: 30-50368013-7
Summary
FIRM IS FORMED IN 1952 FOR THE PURPOSE OF
ADDRESSING THE EXPLOITATION OF WORK THAT HE IS DEVELOPING. BALANCE SHEET AS AT
30/06/2010: BALANCED ECONOMIC AND FINANCIAL POSITION BALANCE POSITIVE PAY.
COMMERCIAL ITEMS NOT MEET YOU AFFECT TRIAL. BASED ON THIS MAY ALLOW YOUR
RELATIONSHIP OF CREDIT FOR AMOUNTS THAT YOU KNOW WILL MEET CAPITAL.
Operations
INDUSTRIAL
CHEMICALS
PRODUCTION
MARKETING
Legal Structure
Legal Business:
Resp.Ltda.
Company
Incorporated:
1952
Registered R.P.C.:
29/09/1952
Duration:
Unlimited
End of fiscal yr:
30/06
Contact
Legal,
administration and sales address: Avda.Pte.Roque Saenz Peña No. 943, 8o.
piso,Ofic.83 (1035), Ciudad
de Buenos Aires, República Argentina.
Telefax: (54-11) 4326-0741/0949/3368
E-mail: julio@casalderey.com
Website: www.casalde rey.com
Industrial Plant: Ruta 8 Km.60, Parque Industrial de Pilar, Calle 11 entre 10 y
12, Pilar, Pcia. de Buenos Aires, República Argentina.
Partners
Partners:
CASAL DE REY JULIO
Partners: CASAL DE REY SANTOS
Partners: CASAL DE REY DANIEL
Partners: HUE CONCEPCION
The first of those is responsible for management and administration of the
company, in its capacity as manager with the use of the corporate signature
individually.
Personal Information
CASAL DE REY
JULIO:
---------------------
Argentina nationality, marital status married, who is identified with the
DNI.No. 10,767,454.
History
Through the efforts undertaken, it has been
possible to determine that the holder has been made legal in 1952, in order to address
the exploitation of activities being developed and which happens to be the
initiator.
Not known to be an integral part of any economic group or that their managers
kept interfering in some other firms based in this or some other places.
Economic-Financial Position
To illustrate Mr.
subscriber on the face of the information, then set out the balance sheet
figures the same practice to 30/06/2010, which are expressed in pesos.
It should be noted that in a short time but the owner closes a new one-year
period and, by logical consequence, any comment that is realized here does not
reflect the current practice in economic and financial situation.
Following that caveat, it is noted that to 30/06/2010
been operating with an economic-financial position maladjusted because although
the items usually achievable current assets were parity with the commitments
made in the short term, relying on own resources sufficient to address the
latter without apparent difficulty.
Regarding the level of sales achieved, it is noted that they exceeded those of
2009, of $ 10,985,472.52 were finally getting a positive bottom line.
Balance Sheet
Balance Sheet/s 30/06/2010
Total Assets $ 15.871.719,77
Current Assets $ 14.918.857,59
Banks $ 1.544.581,60
Accounts
Receivables $ 5.139.860,46
Inventory $ 1.426.190,00
Fixed Assets $ 952.862,18
Non-Current Assets $ 952.862,18
Investments $ 0,00
Total Liabilities $ 6.589.638,05
Current
Liabilities $ 6.589.638,05
Non-Current
Liabilities $ 0,00
StockHolders
Equity $ 9.282.081,72
Net Sales $ 25.958.174,28
Cost of Good Sold $ 16.398.384,78
Gross Result $ 9.559.789,50
Administrative
Expenses $ 819.050,19
Selling Expenses $ 1.506.066,80
Financial Income $ 176.341,05
Other Expenses $ -2.084.437,83
Final Result $ 4.973.893,63
Balance Sheet Analysis
Indexes 30/06/2010
Current Ratio 226,40 %
Quick Ratio 204,76 %
Short Term
Indebtedness 70,99 %
Debt to Equity
Ratio 70,99 %
Long Term Assets
to Total Assets 6,00 %
Fixed Assets to
Equity 10,27 %
Total Assets to
Total Liabilities 240,86 %
Debt Ratio 41,52 %
Equity Ratio 58,48 %
Investments to
Assets Ratio 8,99 %
Current Investment 94,00 %
Stocks Aging Days 31,74 días
Day Sales 72,27 días
Trade Debtors To
Assets 32,38 %
Total Assets
Turnover 163,55 %
Net Worth Aging 279,66 %
Fixed Assets Aging 2.724,23 %
Gross Profit 63,17 %
Financial Expenses
on Sales Ratio 0,68 %
Commercial Exp. on
Sales Ratio 5,80 %
Administrative
Exp. on Sales Ratio 3,16 %
Assets
BUILDINGS:
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The fixed assets of the company, including all the real estate it occupies in
his efforts which, taken together, have an important value realization.
Unable to contact the relevant documentation to see if those goods are exempt
from charges.
Evolution and Results
Basically the owner is engaged in the
manufacture of chemical driers for paints and inks, being held parallel to the
refining of vegetable oils for industrial use in resin.
It has to do a major infrastructure, mainly represented by the plant it
occupies, endowed it with modern technology and whose attention is responsible
for the necessary staff under the leadership of the associates, which is
awarded to them good experience in the field.
In the above, it is mentioned that the specific amount from Belgium, Brazil,
Colombia, USA
China and India to export to Venezuela, Chile, Paraguay, Bolivia, Brazil and
Uruguay, meaning that operation an approximately 25% of its total production.
* 15 EMPLOYEES.
MAIN SUPPLIERS:
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CARBOCLOR S.A.
PETROGAR S.A.
ZAMUDIO S.A.
COPSA
FOREIGN TRADE:
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In the last twelve months in office, has completed U.S. $ s.670.740 imports
according to the following details:
BELGICA ............................. u$s. 175.444
BRASIL .............................. u$s. 134.160
COLOMBIA ............................ u$s. 103.678
OTROS ............................... u$s. 257.458
Payment Record and Credit
Risk
BANCO PATAGONIA SUDAMERIS
Principal office
STANDARD BANK ARGENTINA Principal office
It is noted that the owner Diciembre/2010 month pending cancellation maintained
a commitment to Banco Patagonia in the amount of $ 33,000 (Scenario 1 = normal
compliance).
INSURANCE:
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A Y G SEGUROS S.A.
ALLIANZ CIA.DE SEGUROS S.A.
Concept
The owner is in business with firms linked
square and outside the country, several of which will assist credit, without
objections until payment methods it supports.
* COMPLIANCE: NON-TARGET TO THIS.
Final Opinion
Based on the revealed
in the course of this review, we understand that staying in amounts consistent
with their own resources, credit linked to the firm owner appears to be viable.
* SUITABLE FOR CURRENT OPERATIONS OF IMPORTANCE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
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UK Pound |
1 |
Rs.73.12 |
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Euro |
1 |
Rs.64.39 |
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.