MIRA INFORM REPORT
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Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
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Name : |
CONO S.A. |
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Registered Office : |
Avda. San Martin 267, Colonia Caroya, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.05.1975 |
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Legal Form : |
Corporation |
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Line of Business : |
Production and marketing of agricultural products |
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No. of Employees
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70 |
RATING & COMMENTS
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MIRAs 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 : |
No Complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
CONO S.A.
COMMERCIAL NAME: "CONO AGROPECUARIA"
CUIT Nš 30-60495628-1
INCORPORATED IN 1975. BEGINNER OF
ACTIVITIES. CAPITAL SOCIAL $ 384.000.- BALANCE SHEET AT 31/12/2011. NOT
REGISTERED NEGATIVE. FIT FOR OPERATIONS OF CURRENT IMPORTANCE WITH ADDITIONAL
GUARENTEES.
PRODUCTION AND MARKETING OF AGRICULTURAL
PRODUCTS
LEGAL FORM: COPORATION
INCORPORATED: 1975
REGISTERED RPC: 26/05/1975
DURATION: 99
YEARS
BALANCES: 31.12
Mr. Leonardo Alberti
Administrative
Legal and operative address:
Avda. San Martin 267, Colonia Caroya, Province of Cordoba.
Phone. 03525 423691/400042
E.Mail: administracion@conoagropecuaria.com
comex@conoagropecuaria.com.ar
Web: www.conmoagropecuaria.com.ar
PRESIDENT:
MARCO
ADALBERTO BRAUN
V.PRESIDENT: ANDRES
ENRIQUE BRAUN
ALTERNATE DIRECTOR: NANCY
DEL VALLE PAZOS DE BRAUN
Use of signature: President y V.President.
CAPITAL SOCIAL: $
384.000.-
It has been determined through
investigations that have been made that the activities in question were
initiated and implemented by this society which is governed by legal clauses
above.
This is a family business dedicated to the farm, from extensive livestock
production to agricultural production with high tecnologic.
It is seen as leading exporter of chickpea, produces commodities (soybeans,
corn, wheat) and places special emphasis on the development of specialty,
chickpeas, popcorn, mung, chia and other grains. At present around 27,000
hectares planted, all in tillage.
Currently the company has a significant conn own processing plant dry grain,
equipped with last generation technology and qualified personnel.
In units of the company our agent was
attended by Mr. LEONARDO ALBERTI, head of administrative department, which has
provided the following figures for the balance to close on December 31, 2011.
TOTAL
ASSETS $ 104,931,720
CURRENT LIABILITIES $ 34,672,535
CURRENT LIABILITIES $ 824,500
EQUITY $
69,434,685
SALES $
105,083,901
FINAL INCOME $ 25,341,384
The above figures show a favorable economic and financial position and
obtaining compensation benefits are judged.
So far the actions of the company has been showing in a normal and stable
outlook assigned to it.
A society is the owner of the property
referred to in their central offices where it settles in the direction of the
signs, counting also with 17,500 hectares of own field for cultivation in the
province of Cordoba and Santiago del Estero.
Also rents another 8000 ha for cultivation in the same areas.
Has 20 vans recent models, of which further details are not obtained.
SYNGENTA S.A.
MONSANTO ARGENTINA S.A.
It
links with these providers for several years and the same obtains credits for
the purchase of inputs that are necessary for its activity.
The obligations assumed came far have been canceled correctly and deserves a
good rating at the client level.
This society is dedicated to the development
of the above activities, with important operational structure, which perform
several hired 70 employees and under the direct supervision of their own
responsibility.
Girab to present in a normal and stable outlook assigned to it, within the
plane that shows your current turn.
Effected exports to the following countries:
ENGLAND GERMANY
ALGERIA ISRAEL
BELGIUM ITALY
BRAZIL JORDAN
CAPE VERDE LEBANON
CANADA PORTUGAL
CHILE PUERTO RICO
COLOMBIA Dominican Rep.
EGYPT SLOVENIA
U.S. SYRIA
SPAIN TURKEY
GREECE HOLLAND
CYPRUS INDIA
Register for elaboration products own the following brands:
ARIES (chickpea)
BIGGER POP (popcorn)
OMEGA POWER (chia)
GOLDEN GREEN (mung beans)
* 70 EMPLOYEES
ADVERTENCIA: Si en este
registro no apareciera un Nro. de Doc. o CUIT, debe tomarse como una simple
referencia a verificar en el expediente para descartar la existencia de
personas con igual apellido y nombre/s o empresas con igual razon social.
22/04/2009 - ORDINARIO JUZG 25 SEC 49 - ALBA
CAUCION COMPAŅIA DE SEGUROS
21/06/2006 - EJECUTIVO JUZG 23 SEC 230 -
LUNCHEON TICKETS S.A.
21/07/2006 - PEDIDO DE QUIEBRA JUZG 14 SEC 28
- GREEN MED S.R.L.
15/12/2006 - PEDIDO DE QUIEBRA JUZG 08 SEC 16
- SIGMA IMAGENES MEDICAS S.A.
04/08/2011 - EJECUTIVO JUZG 23 SEC 46 -
STABILE, DIEGO JAVIER
31/08/2009 - TRIB. CIVIL Y COM. NRO. 01 SEC.
02 - QUIEBRA DECRETADA
02/05/2005 - EJECUTIVO JUZG 25 SEC 49 -
COMPAŅIA FINANCIERA ARGENTINA S.A.
06/03/2007 - TRIB. COM. JUZG. 14 SEC. 28 -
QUIEBRA DECRETADA
21/11/2006 - PEDIDO DE QUIEBRA JUZG 08 SEC 16
- DATATECH S.A.
09/10/2006 - ORDINARIO JUZG 24 SEC 47 -
SUPERMERCADOS NORTE S.A.
BANCO DE GALICIA Y BUENOS AIRES
BANCO SANTANDER RIO
BBVA BANCO FRANCES
BANCO DE LA NACION ARGENTINA
INSURANCE:
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PREVENCION S.A.
CREDIT RISK:
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01/2012
BANCO DE GALICIA $ 4.422.400
1
BANCO SANTANDER 2.806.800 1
BANCO FRANCES 1.334.900 1
FIAT CRED 184.100
1
BANCO NACION 4.800
1
SITUATION 1: NORMAL.
At present there is no record negative trade
may affect the concept of this society.
The commitments came here assuming were canceled within the normal terms and
deserves a good rating.
* NOT RECORDED
It concludes that the loan deal with this
society is possible, in moderate amounts in the conditions of practice.
In amounts greater economic significance, it is advisable to ask for
guarantees.
* SUITABLE FOR CREDIT.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.20 |
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UK Pound |
1 |
Rs.81.50 |
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Euro |
1 |
Rs.67.15 |
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 SCs 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.