MIRA INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
BUCO S.A. |
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Registered Office : |
Godoy Cruz 3150 piso 17º, Buenos Aires
City. |
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Country : |
Argentina |
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Date of Incorporation : |
30.11.1971 |
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Com. Reg. No.: |
43230 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture & commercialization spare parts and accessories for industrial, automotive and agricultural use and rubber products |
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
BUCO S.A.
CUIT: 30-54727973-1
Summary
INCORPORATED IN 1971. BEGINNER OF ACTIVITIES. COMPANY'S REPRESENTATIVES
DOESN'T SUPPLY FINANCIAL INFORMATION. IT DOESN'T REGISTER NEGATIVE. FIT FOR
CREDITS OF MODERATE IMPORTANCE. FOR HIGHER AMOUNTS,
TAKE APPROPRIATE GUARANTEES.
Operations
RUBBER PRODUCTS
SPARE PARTS AND ACCESSORIES FOR INDUSTRIAL, AUTOMOTIVE AND AGRICULTURAL USE
MANUFACTURE
COMMERCIALIZATION
Legal
Structure
Business type: Public
Limited Company
Incorporated: 30/11/1971
Registered: 06/11/1972
Register Nº: 43230
Duration: Until 05/11/2071
End of fiscal year: December 31st
Contact
Mss. BELEN BUCONIC
Legal address: Godoy Cruz 3150 piso 17º, Buenos Aires City.
Administration and Operative address: Almafuerte 4644/64 (B1605AIK), Munro,
Buenos Aires Province, Argentine Republic.
Phone: (54-011) 4756-2243/0722/2634
Fax.: (54-011) 4756-2330
E-mail: administraciòn@buco.com.ar
Website: www.buco.com.ar
Industrial Plant: Almafuerte 4644/64, Munro, Buenos Aires Province, Argentine
Republic.
Partners
President:
BUCONIC NELSON NORBERTO
Vice-president: TORRUBIANO GRACIELA LILIANA
Director: BUCONIC MELINA
In the charge of the President and Vice-president.
Corporate Stock
Subscribed and paid-in
capital: $ 100.000. It is represented by common shares.
Personal Information
BUCONIC NELSON
NORBERTO:
Argentinian, married, DNI. 4.445.511 (CUIT. 20-04445511-1), with address in
Ugarte 1548, Vicente Lòpez, Buenos Aires City.
TORRUBIANO GRACIELA LILIANA:
Argentinian, married, DNI. 6.044.149 (CUIT. 27-06044149-4), with address in
Ricardo Gutierrez 2184, Olivos, Buenos Aires Province.
History
According to our investigations,
it is known that these activities were directly started by this company on
November 30th of 1971.
It is engaged in the manufacture of injected pieces of high-quality rubber.
Its line of products includes three basic lines: agricultural, automotive and
industrial.
During the last years it consolidated its presence in Argentina, Mercosur and
foreign market, specially in USA, Germany, Belgium, Denmark, Spain and Middle
East, reason why it has a quality production.
Economic-Financial Position
Financial data is not
supplied.
Consulted sources said that this company operates with an acceptable level of
importance and doesn't register ups and downs.
Assets
REAL ESTATE:
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- Almafuerte 4639/49, Munro, Buenos Aires Province.
- Almafuerte 4644/64, Munro, Buenos Aires Province.
Due to their characteristics, these properties have a good realization value.
VEHICLES:
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4 automobiles Chevrolet of recent models.
Commercial References Consulted
> ALTA PLASTICA S.A.
Coronel Salvadores 630 (C1167AGB) Buenos Aires - Argentina
Telefono y Fax (54-11) 4303-7200
> INGERSOLL S.A.
Misiones 1830
X2659BIL - Monte Maíz,Pcia. de Cordoba, Argentina.
Tel. (54-3468) 471341 / 471351
Fax (54-3468) 471738
ingersoll@ingersollarg.com.ar
> CAUFER SRL
CAMINO 60CUADRAS KM. 16 (BOWER) 5014 CORDOBA
Barrio Cordoba,Ciudad Cordoba,Provincia Cordoba
* TERMS: 60/120 days.
* PRODUCTS: Raw material.
* AMOUNTS: U$S 50.000 monthly.
* CONCEPT: Normal.
Evolution and Results
The company performs
the mentioned activities and has an appropriate operating infrastructure.
These operations are led by the main representatives, who work together with 50
people.
It doesn't register negative elements and has stable perspectives.
LOCAL SUPPLIERS:
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ALTA PLASTICA S.A.
INGERSOL S.A.
FOREIGN TRADE:
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During the last twelve months it has carried out imports for a total value of
u$s 26.329 from BRAZIL.
MAIN IMPORTED PRODUCTS:
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Natural rubber
Machines and devices
and others
* 50 EMPLOYEES
Payment Record and Credit Risk
BANKS:
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> SANTANDER RIO
> PCIA BS.AS.
> NACION ARGENTINA
> COMAFI
CREDIT RISK:
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JULY/2011
> COMAFI $ 707.500
> PCIA BS.AS. $ 317.600
> NACION $ 212.900
> SANTANDER RIO $ 34.600
TOTAL $ 1.272.600
Situation 1: Normal Fulfillment.
INSURANCE:
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> MAPFRE SEGUROS S.A.
> PREVENCION S.A.
> BERKLEY S.A.
Concept
Up to now the company
doesn't register negative records.
According to our consultations, it complies in due time the commitments taken.
* FULFILLMENT: WITHOUT OBJECTIONS
Final Opinion
We consider feasible
the credit treatment with this company by operations of moderate economic level.
For higher amounts, we suggest taking appropriate guarantees.
* FIT FOR MODERATED CREDITS. FOR HIGHER AMOUNTS, TAKE 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.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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.