MIRA INFORM
REPORT
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Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ROEMMERS S.A.I.C.F. |
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Registered Office : |
Fray Justo Sarmiento 2350, Olivos, |
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Country : |
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Date of Incorporation : |
18.12.1947 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
manufacture and commercialization
of medicinal specialities |
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No. of Employees
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969 |
RATING & COMMENTS
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MIRA’s 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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Maximum Credit Limit : |
108,571 USD |
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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 |
ROEMMERS S.A.I.C.F.
C.U.I.T. No.: 30-50093812-5
INCORPORATED IN 1947. BEGINNER OF ACTIVITIES. NOT PROVIDED BALANCE SHEET. NO NEGATIVE REGISTERED. APT FOR CURRENT CREDITS WITH THE ADVISABLE RESERVES FOR THESE CASES.
MEDICINAL SPECIALITIES
MANUFACTURE
COMMERCIALIZATION
Business type: Public Limited Company
Incorporated: 18/12/1947
Registered: 09/03/1948
Register #: 5116
Duration: Until
18/12/2046
End of fiscal year: December 31st
Accountant: Esteban Echenique.
Administrative AND SALES address: Fray Justo Sarmiento 2350, Olivos, Buenos
Aires Province, Argentine Republic.
Phone: (54-011) 4346-9700 PBX
E-mail: echenique@roemmers.com.ar
President: HESS RODOLFO FEDERICO
Vice-president: FUNES
DE RIOJA DANIEL CARLOS LUCIO
Director: Alberto
Roemmers (h)
Alejandro Guillermo Roemmers
Alfredo Pablo Roemmers
Hans Peter Rosensteiner
Eduardo Arturo Macchiavello
Julio Andres Bellomo
Alternate
Director: FERNANDEZ MADERO SANTIAGO DANIEL
The first two mentioned ones, as Managers, are in charge of the management and
administration of the company, with the use of the social signature.
THE SHARE CAPITAL OF THE COMPANY WAS
ESTABLISHED BY THE SUMS OF $ 120.890.000 SUBSCRIBED AND INTEGRATED.
SHAREHOLDERS:
-------------
KIMBEL S.A. 50%
MARAUSTRALIS S.A. 50%
HESS RODOLFO FEDERICO:
Argentinian, married with Diana María del Carmen Mihura, Lawyer, born on
17/05/1935, LE. 4.149.911 (CUIT. 20-04149911-8) with address in Avda.Figueroa
Alcorta 3700, 9º "A", Buenos Aires City.
He registers records through the following companies:
> S.A.GANADERA Y FINANCIERA DEL NEUQUEN President
> ARAUCARIAS DEL NEUQUEN S.A.
Director
> HELIADES S.A.
President
> GRUPO ESTUDIOS MULTICENTRICOS ARG.S.A. President
> MOOG DE ARGENTINA S.A.
Director
> MUNCHENER GHMB S.A.
Representative
> GEMABIOTECH S.A.
President
> MARINDA S.A.
Alternate
Director
> SIGMAFORT S.A.
Director
> CRACKERTAN HOLDINGS LTD.
Representative
> COMARQUIT S.A.
Representative
> ICN ARGENTINA S.A. Alternant
Trustee
> LABORATORIOS POEN S.A.
Director
> TAI PAN S.A.
Vice-president
> ROELEC S.A.
Alternant
Trustee
> ROTOR S.A.
Alternant
Trustee
FUNES DE RIOJA DANIEL CARLOS LUCIO:
Argentinian, married with Nora Beatríz Gaos, born on 21/02/1946, Lawyer, LE.
4.536.032 (CUIT. 20-04536032-7) with address in Adoldo Alsina 495, piso 11º,
Buenos Aires City.
BELLOMO JULIO ANDRES:
Argentinian, Businessman, 68 years old, DNI. 4.380.575, with address in Maipú
5089, 4º piso, Buenos Aires City.
ROSENSTEINER HANS METER:
Austrian, Businessman, 70 years old, DNI. 92.021.346, with address in Maipú
5089, 4º piso, Buenos Aires City.
ROEMMERS ALBERTO (H):
Argentinian, Businessman, born on 1956, DNI. 11.844.944, with address in
Sgto.Cabral 837, 6º piso, Buenos Aires City.
ROEMMERS ALEJANDRO GUILLERMO:
Argentinian, Businessman, born on 1957, DNI. 11.844.943, with address in Maipú
509, 4º piso, Buenos Aires City.
ROEMMERS ALFREDO PABLO:
argentine, Businessman, born in 1959, DNI.No. 12.850.499 special address at
Maipú 509, 4o.piso, Cdad.de Buenos Aires.
MACCHIAVELLO EDUARDO ARTURO:
Argentine, Lawyer, married, born in 1946, DNI.No. 12.715.328 address at
Avda.Corrientes 330, 3er.piso de la Cdad.de Buenos Aires.
FERNANDEZ MADERO SANTIAGO DANIEL:
Argentine, married, Lawyer, 46 yrs old, DNI.No. 17.700.472 address at Maipú
509, 4o.piso de la Cdad.de Buenos Aires.
According to our registered information, it
is known that these activities were started by the company LABORATORIOS
ROEMMERS S.R.L. by end of 1947.
After some time it changed its name to the current one, operating nowadays in
the previously exposed addresses.
Among its more recent investments, fits to highlight the acquisition of a
pharmaceutical plant with all its machineries and facilities to the company
BRISTOL-MYERS SQUIBB, which is established in Luís Guillón, Buenos Aires
Province, having 17.000 covered sqm. and enabled separate areas for
manufacturing general pharmaceutical products, penicillinics and
cephalosporins. It also has the expansion possibilities because of being
established in a property of 11 hectares.
Opportunely contact has been taken with the
responsibles for the business who, continuing with a policy supported
through the time have denied in final form satisfy our request.
As a result of it we had to resort to indirect sources, where were obtained the
following figures:
Assets current..............$ 396.000.000
Assets non-current..........$ 450.000.000
Liabilities current.........$ 307.000.000
Liabilities non-current.....$ 64.000.000
Net Worth...................$ 475.000.000
Net sales in 2011 were estimated at $ 960,000,000 in every respect.
Based
on the amount that society emerges tour with a good economic and financial
structure,. also admitting that gets results compensatory.
The actions of the company until the present is described as normal so far and
you are assigned stable outlook.
REAL ESTATE:
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Inside the company's fixed assets are included:
* Fran Justo Sarmiento 2350, Olivos, Pcia.de Bs.Aires
* Avda.Eque.Rodó 6424, Cdad.de Buenos Aires.
* Alvaro Barros 1113, Luís Guillón, Pcia.de
Bs.Aires.
* Pedro Morán 2556, Cdad.de Buenos Aires.
which
as a whole have a very important market value.
NO DEEDS ARE AVAILABLE TO VERIFY IF THE GOODS ARE FREE OF BURDENS.
THE PERCENTAGE OF PARTICIPATION IN DIRECT OR
INDIRECT FORM (THROUGH THE CONTROLLED COMPANY SAN JUAN DE LOS OLIVOS S.A.), AS
OF 31.12.2008 IS AS FOLLOWS:
*
LABORATORIOS POEN S.A.C.I.F. 45,0000 %
* SAN JUAN DE LOS OLIVOS S.A.
97,0730 %
* AGRI-LAR S.A.
99,9910 %
* RENANIA S.A.
94,5986 %
* REFINERIAS TAURO S.A.
97,6513 %
* YOVILAR S.A.
96,6458 %
* AGROPECUARIA PALUQUI S.A.
96,7970 %
* URATAN S.A.
92,6240 %
* SUDCARGO S.A.
96,9876 %
In the last twelve months it has carried out
imports for a total value of US$ 52.498.254, from the following countries:
Belgium
14.147.980
Germany
12.991.167
Mejico
5.760.169
0thers
19.598.938
It is engaged in the elaboration of medicaments of human use and pharmaceutical
products, operating nowadays in the previously exposed addresses.
It is a first-level company on its sector, having an important infrastructure
and modern organization, where its directors participate together with the
necessary staff, among administrators, technicians, chemists, etc.
Its sales are carried out in the national market, making exports to MERCOSUR's
countries.
* 969 EMPLOYEES
MAIN SUPPLIERS:
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ZUCAMOR S.A.
CARTOCOR S.A.
* INDUSTRIAL PLANT:
José Enrique Rodó 6424 (1440), Ciudad de Buenos Aires, República
Argentina.
Phone: (54-11) 4686-2143/2728
* Others dependences:
A.Barros 1113, Luis Guillon, Buenos Aires.
Phone: (54-11) 4239-2300
Pedro Moran 2556, Buenos Aires.
BANKS:
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BANCO DE LA NACION ARGENTINA Principal Office
BANCO PROVINCIA DE BUENOS AIRES Principal
Office
BBVA BANCO FRANCES S.A.
Principal Office
BANCO SANTANDER RIO
Principal
Office
HSBC BANK ARGENTINA S.A.
Principal Office
STANDARD BANK
Principal
Office
BANCO PATAGONIA
Principal
Office
INSURANCE:
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LA CAJA S.A.
CREDIT RISK:
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JANUARY
2012
BANCO DE LA NACION $119.515.500 1
BANCO SANTANDER 23.230.400 1
AMERICAN EXPRESS 2.413.800
1
BANCO CIUDAD
254.600 1
HSBC BANK
41.900 1
SITUATION
1: NORMAL FULFILLMENT.
FEBRUARY 2012
BANCO MACRO $ 40.009.000
1
BANCO FRANCES 33.385.200
1
STANDARD BANK 24.699.800
1
BANCO PROV. DE B.A.
21.646.800 1
SITUATION 1: NORMAL FULFILLMENT.
Company of long experience in the sector.
The company is related to companies of this and other places, which offer their
credit support without objections on the way of payment it sustains.
FULFILLMENT WITHOUT OBJECTIONS.
It is a company well referred in the means
consulted, observing good attitude to give attention to its current credit
needs. Until its directors share updated accounting data, it is advisable
to proceed with cautious for sums that imply risks.
APT FOR CURRENT CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
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 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.