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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ZF SACHS ARGENTINA S.A. |
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Registered Office : |
Avda.de |
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Country : |
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Date of Incorporation : |
19.08.1997 |
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Com. Reg. No.: |
Nº 1126, Folio 5073,
Volume 21 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture, Commercialization of Shock Absorbers For Vehicles |
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No. of Employees : |
248 |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
ZF SACHS ARGENTINA
S.A.
CUIT: 30-50392636-5
INCORPORATED IN
1997. BEGINNER OF ACTIVITIES. ITS DIRECTORS CATEGORICALLY REFUSED TO SUPPLY
FINANCIAL INFORMATION. FULFILLMENT WITHOUT OBJECTIONS. FIT FOR MODERATE CREDITS
WITH GUARANTEES.
SHOCK ABSORBERS
FOR VEHICLES
MANUFACTURES
COMMERCIALIZATION
Business type:
Public Limited
Company
Incorporated: 1997
Registered: 19/08/1997
- Nº 1126, Folio 5073, Volume 21
Duration: 99
years
End of fiscal year: December 31st
Legal, Operative
and Administrative address: Avda.de
Phone: (54-03564) 438900/439100
Fax: (54-03564) 438938
E-mail: sachs.sfa@zf.com
Website: www.sachs.com.ar
AgencY AFIP No.280: G.L.de Cabrera 1641, PB (2400), San Francisco,
President:
RAULF
MATTHIAS
DIRECTORS:
ALEJANDRO MARIO CESAR ROASSO
FRANZ JOSEF HERMES
MARIO RAUL GANDOLFO
RUBEN PEDRO FILIPPA
Regular Trustee: SUAREZ
MARIA FERNANDA
Alternate Trustee: GAIDO CARLOS
GABRIEL
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 company's
corporate stock is established in $ 23.500.000 which has been totally
subscribed and paid in. It is represented by the same quantity of common and
registered shares, with restricted transferability, of par value $1,00 each and
with one vote per share.
It is known that most of this capital is contributed by the company MANNESMANN
AG with headquarters in
While the
directors of the holder does not abound in details on the matter, according to
data contained in our power is able to demonstrate that midway through the year
1960 and the intended purpose, the firm was organized AMORTIGUADORES DELFABRO
S.A. which came without any major operating variables to 1997. On that occasion
and by mutual agreement between the parties concerned, arises as a continuation
SACHS AUTOMOTIVE ARGENTINA SA
It came without any major operating variables until May of 1994, which is
formed as the successor to the incumbent in the country, is set to the above
address promptly.
As in previous
opportunities, company's representatives refused to supply financial
information.
Therefore it has been necessary to consult other sources. And even in this way,
no information about this company was registered, although it is known that the
subject is a first-level company on its sector.
REAL ESTATE:
------------
The fixed assets of the company, including the well located in
Unable to contact the appropriate documentation to verify whether such property
is exempt from taxes.
PARENT
COMPANY:
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MANNESMANN A.G.
SIDERCA
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Only reports that it is long-standing client and to date maintains a normal payment
policy.
AB ACEROS S.A.:
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Client over 10 years.
Current account operates in varied amounts.
Payment Terms: 60/90/120 days after invoice date.
Concept and performance: Very good.
BULONERA MEDITERRANEA S.A.:
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Former client.
Operates in current account amounts to $ 15/20.000 oscillating month.
Payable with values ??to 30/60 days.
Concept and performance: Good.
Through this
review, we refer to a company that provides shock absorbers and other
components Sachs and affiliates of world markets, also suspension systems and
cushioning to other manufacturers of cars, vans and trucks of Mercosur as
Citroen, Fiat, Ford, Iveco, Mercedes Benz, Peugeot, Renault, Scania, Volvo and
VW.
Note that the production plant has
Being so we are informed, for conventional dampers line has two types of
construction, namely, monotube and twin tube, the latter is the most used
technology in the South American region positioning their products as leaders
in quality and performance.
It has to do with a major organizational infrastructure and a modern addition
to the advanced technology of its parent.
* 248 EMPLOYEES VERIFIED.
SUPPLIERS:
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SIDERCA S.A.
SIDOBON S.A.
AB ACEROS S.A.
ACEROS AHUEL S.A.
BULONERA MEDITERRANEA S.A.
RUBOL S.A.
FOREIGN TRADE:
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In the last twelve months in office, has completed imports for u$s. 11,744,736
according to the following details:
OTHER ............................. u $ s. 1,037,583
BANKS:
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BANCO
BANCO
BANCO DE
BANCO MACRO
Branch:
INSURANCE:
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DEL NORTE CIA. DE SEGUROS S.A.
ASOCIART S.A.
CREDIT RISK:
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02/2012
Banco Macro 10,185,400
Bco Cordoba 3,956,300
Nacion 2,444,500
SITUATION 1:
It is commercially
related with local and mainly foriegn companies. Some of them give it their
credit support, not making up to now objections about its payment record.
* FULFILLMENT: NOT OBJECTED
Bearing in mind
the fact that it has not been possible to determine the company's current
economic-financial situation, for credit treatment we suggest taking
appropriate guarantees.
* FOR CREDIT TREATMENT, TAKE CARE
LJM/CR.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.89 |
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1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
-- |
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.