MIRA INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
C Y M MATERIALES S.A |
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Registered Office : |
Brigadier Estanislao Lopez n,6, Soldini, Province of Santa Fe |
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Country : |
Argentina |
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Date of Incorporation : |
06.07.1964 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
provides services to the metallurgical industry, offering its customers
the complete line of Surface Preparation and Blasting: |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
C Y M MATERIALES S.A.
C.U.I.T. 30-51787897-5
Summary
BEGINNER OF ACTIVITIES, INCORPORATED IN
1964. NO FINANCIAL DATA PROVIDED, NO NEGATIVE ANTECEDENTS, FIT FOR
MODERATE CREDIT.
Operations
> Metallurgy
> MACHINES MANUFACTURING AND MARKETING
Legal
Structure
Legal form:
Public limited company
Created:
06/07/1964.
Duration:
99 years.
AFIP:
01/02/1984.
End of fiscal year: 31 of December.
Contact
ELIZABETH DEL PONTIGO
Accountant
Legal and operative address; Brigadier Estanislao Lopez n,6, Soldini, Province
of Santa Fe, Republic of Argentina.
Phone; (54-0341) 490-1100
Fax; (54-0341) 490-1366
email; infocym@cym.com.ar
Partners
> PRESIDENT
COWES ERIC GUILLERMO
> VICEPRESIDENT BARBISAN DE COWES LEONILDE
> DIRECTOR COWES DAVID FEDERICO
> DIRECTOR BIELSA FERNANDO
> DIRECTOR SENOR HORACIO
> alternate DIRECTOR COWES MARGARITA ELENA
> alternate DIRECTOR COWES LORENA MOIRA
Using corporate signature, in charge of the first two cited in character to the
company's legal representatives.
History
Cym Materiales SA Since 1960 serves the
metalworking industry, offering its customers the complete line of Surface
Preparation and Blasting.
Legally established in 1964, this bylaw amendments are not relevant.
There have been no companies related to the owner, or its management
participation in third commercial firms.
Economic-Financial
Position
As mentioned initially manifest as company
policy not to provide financial statements through third parties.
Consulted alternative ways of financial information, you get a negative result.
Assets
* REAL ESTATE:
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Assigned to the owner, the good / real estate it occupies on signs provided,
since they are an area of ??40,000 m2 of total area, 20,000 m2 is covered.
Given its commercial location, is considered as very good value realization
estate.
* VEHICLES:
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10 vans
Commercial
References Consulted
> RODAMAR S.A.
ovidio lagos (bis) 43 Cp: 2000
ROSARIO, Pcia. de Santa Fe, Republica Argentina.
> CASA MAGNANI S.A.
Dr J J Paso 7025, ROSARIO, Santa Fe, Argentina.
> CORREA AUTOCORD S.A.
Av. J. M. De Rosas 793, (1752) Lomas Del Mirador, Buenos Aires, Argentina.
* TERMS: 30/60/90 days.
* PRODUCTS: Raw material.
* AMOUNTS: $ 100.000 monthly
* CONCEPT: NORMAL
Evolution
and Results
It provides services to
the metallurgical industry, offering its customers the complete line of Surface
Preparation and Blasting:
Among its products can include:
> Compressed air blasting or turbines.
> Shot Peening Equipment.
> Turbine blasting.
> Spare parts, maintenance and alterations of all types of shot blasting
machines.
> Buying & selling used equipment blasted.
> Blasting service to others.
> Filters cyclonic vacuum cleaners, bag or paper bags.
> Sand, wet and sandy.
> Hydro - sandblasting.
* Abrasives:
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> Shot carbon steel and stainless steel.
> Cut Wire Shot.
> Glass beads.
>Oxidos de aluminio.
> Garnet.
Export to INDIAN, EGIPTO and LATIN AMERICAN.
FOREIGN TRADE:
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In the last twelve months, it has made specific imports by U$S 106.153
according to the following detail:
> SINGAPORE U$S 64.961
> TAIWAN U$S 28.716
> EE.UU. U$S 12.476
* MAIN SUPPLIERS:
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> RODAMAR S.A.
> CASA MAGNANI S.A.
> CORREA AUTOCORD S.A.
* 54 EMPLOYEES
Payment
Record and Credit Risk
> BCO FRANCES
> CREDICOOP COOP LTDO
> NACION ARGENTINA
> NUEVO BCO DE SANTA FE
> SANTANDER RIO
> CITIBANK
* CREDIT RISK JULY 2011
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> BCO FRANCES $ 773.000
> BCO CREDICOOP $ 125.500
> NACION $ 90.700
> NVO SANTA FE $ 32.600
TOTAL $ 1.020.800
* SITUATION 1 (NORMAL).
* INSURANCE:
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> LA SEGUNDA COOP DE SEGUROS LTDA
Concept
It is commercially
related to companies of this one and other places, good part of which offer its
credit support without making until the moment objections on the modes of
payment that it sustains.
* FULFILLMENT: NOT OBJECTED.
Final
Opinion
The lack of negative
antecedents makes viable the credit relation with the company, through
facilities that are in accordance to its importance in the sector and moderate
credits.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.62 |
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UK Pound |
1 |
Rs.76.68 |
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Euro |
1 |
Rs.66.47 |
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.