MIRA INFORM
REPORT
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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
LAQI |
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Registered Office : |
Goncalves Dias 1055,
Buenos Aires City |
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Country : |
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Date of Incorporation : |
18.09.1973 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufacturing and marketing of chemicals. |
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No. of Employees
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08 |
RATING & COMMENTS
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MIRAs 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 : |
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 |
a1 |
A1 |
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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 |
LAQI S.A.
C.U.I.T. 30-55876650-2
INCORPORATED IN 1973.
FOLLOWER OF ACTIVITIES. CONTINUED WITH THE POLICY OF NOT PROVIDED FINANCIAL
INFORMATION TO THIRD PARTIES. IT DOESN'T REGISTER THAT COULD AFFECT ITS
CONCEPT. FOR MEDIUM CREDIT TREATMENT TAKE ADDITIONAL GUARANTEES.
> MANUFACTURING AND MARKETING OF
CHEMICALS.
LEGAL FORM:
CORPORATION
INCORPORATED: 18/09/1973
REGISTERED RPC: 02/04/1975
LEGAL REPRESENTATION REG.
NΊ 48263
DURATION:
99 YEARS
BALANCES:
30.6
Legal and operative address: Goncalves Dias 1055, Buenos Aires City. REPUBLIC ARGENTINA
Phone. 54.11. 4302.8706/7211/8664
Fax. 54.11. 4302.8299
E.Mail: info@laqi.com
Web: www.laqi.com
PRESIDENT:
DANIEL RUIZ
V.PRESIDENT:
NORMA MECOZZI DE RUIZ
Use of signature: President and Vice President.
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.
It is registered to the owner associated with the business name REDOM SA,
currently inactive, and engaged in similar tasks.
Are enrolled in the AFIP, No. 5 Skip floor 1 l 1449 Buenos Aires, Argentina.
Taxpayer is not covered in Industrial Promotion Benefits are established by Law
22021 and their amendments.
Since 1948, is a company dedicated to research, development, production and
marketing of natural and synthetic dyes in liquid and powder form for Medicinal
food industries, developing products with consistent quality allows us to be
one of the leading providers of country and is widely recognized in the
domestic market. At that time operating under a Society made ??and then
transformed into the present.
In all these years, LAQI Inc. has provided the industry widely Argentina. Your
support, your warranty and your experience, are the virtues that achieve the
basis of continued growth.
LAQI Inc. distinguished by a commitment to working with clients in developing
projects and products according to each of their needs, helping them create
innovative solutions with strong consumer appeal.
Therefore, it LAQI Inc. is a recognized leader in the market for natural and
synthetic dyes for Food and Medical Industry, offering products of the highest
technology and quality, the most experienced technical teams, and a sales staff
that is specially trained in the characteristics and in the use of our
products, offering the best service to all customers.
Closed refusal of the responsible members of
society to provide accounting information.
Of the inquiries made through third parties, it appears that conducts its
business operations within a median plane of economic importance, turning with
controlled finances and obtaining reasonable benefios.
At present it operates in a normal and stable outlook assigned.
A society is given possession of the
property that has affected the development of its operations, which has an area
of 1000 m2 covered, good value current realization.
INMOBAL NUTRER S.A.
MOLINOS CAΡUELAS S.A.
HENRY
HIRSCHEN S.A.
These suppliers tuiene holder of moderate importance
assigned credits, which pay in installments not exceeding 60 days.
To this day canceled the commitments without giving rise to comments and is
well referenced, is the slogan as a customer of several years.
This society is dedicated to the manufacture
and marketing of chemicals, especially those for food industry (bakeries and
coffee shops).
For the development of the above steps has the conformation of the necessary
operational structure, with the head of operations responsible for their own,
with all partners 8 employees.
Effected imports from Singapore, Peru, India and Indonesia.
With sales covering the domestic market and often make some exports to Brazil,
Chile and Central American countries.
FOREIGN TRADE:
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During the past 12 months management has materialized s imports by $ 102,137
from the following countries:
SINGAPORE 42,444
PERU 28,156
INDIA 16,528
OTHER 15,009
Imported products were:
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> Colouring matter of vegetable origin
> Synthetic Organic Products
> Mordant Dyes
Since 1948, LAQI Inc. supplies its products to the following industries:
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Balanced Food
Beverages (Juices, Soft Drinks,
Concentrates, etc.).
Wineries and Vineyards
Cereals
Citrus Fruit
Jams
Sausages
Noodles
Refrigerators
Cookies
Icings
Treats
Medicinal Tablets
Fats
Ice cream
inoculant
Syrups
Dairy (Cheese, Yogurt, Milk)
Spirits
Margarine
Seafood
Bakery
Fish
Pet Food
Desserts
Pulps
Sauces
Seeds
Snacks
etc.
BANCO SANTANDER RIO
Head Office
BANCO MACRO
Branch Barracas
BANCO DE LA PROV. DE BUENOS AIRES
Branch Barracas
INSURANCE:
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FEDERACION PATRONAL
LIBERTY S.A.
CREDIT RISK:
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01/2012
BANCO SANTANDER $21.100
BANCO MACRO 9.800
SITUATION 1: normal.
To date nothing arises that may affect the
business concept of the company owner, and found through recent checks carried
out and has maintained a proper business conduct in the care of general
obligations assumed.
* NO NEGATIVE RECORDS.
Bearing in mind what has been exposed
hereby, fit for moderated credit treatment with this company, with additional
guarantees.
* FOR MODERATE CREDIT TREATMENT.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.62 |
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UK Pound |
1 |
Rs.81.94 |
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Euro |
1 |
Rs.67.65 |
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.