MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

NUTRIBRAS S.A.

 

 

Registered Office :

Sanchez de Bustamante 510 6º G, Buenos Aires City

 

 

Country :

Argentina

 

 

Date of Incorporation :

15.08.2001

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Import and Marketing Grain, Wheat Flour, Tomato Paste, Beverages and Cleaning Supplies.

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 31, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Argentina

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Registered Name 

 

NUTRIBRAS S.A.
                                               
C.U.I.T. nº 33-70804425-9

 

 

Summary 

  

BEGINNER OF ACTIVITIES. INCORPORATED IN 2001. NO PROVIDE BALANCE SHEET. NO NEGATIVE REGISTERED. FIT FOR OPERATIONS OF MODERATE IMPORTANCE WITH ADDITIONAL SECURITIES.

 

 

Operations 

  

IMPORT AND MARKETING GRAIN, WHEAT FLOUR, TOMATO PASTE, BEVERAGES AND CLEANING SUPPLIES.

 

 

Legal Structure 

  

LEGAL FORM:                          PUBLIC LIMITED COMPANY
CREATEDD:                              2001
REGISTERED RPC:                   15.08.2001
DURATION:                               99 YEARS
END OF FISCAL YEAR:             30/06

 

 

Contact 

 

Legal and operative address:
Sanchez de Bustamante 510 6º G, Buenos Aires City, Argentina.
Phone: 4382.4880/2
EMail: maxtieri@nutribras.com.ar

 

 

Partners 

  

PRESIDENT:                             MAXIMILIANO ADRIAN TIERI
ALTERNATE DIRECTOR:           JUAN FRANCISCO CARRERAS

Using signature:                         It is the responsibility of the President.

 

Corporate Stock 

  

Ordinary shares:
Subscribed and integrated $ 12.000.-

 

 

Personal Information 

  

MAXIMILIANO ADRIAN TIERI:
-------------------------
Argentina, Degree in international relations, DNI. 23.344566, with address in calle Sarmiento 3969 4º Buenos Aires City.

 

 

History 

  

The company is the initiator of the activities and is expressly incorporated.


It was formalized on 21 November 2001, having attended their formalization the following persons: MAXIMILIANO ADRIAN TIERI and MARIANO BIBOLINI.


The corresponding social status enables the company to undertake the following steps: EXPORT, IMPORT, MARKETING, DISTRIBUTION, STORAGE, STORAGE AND LOGISTICS FOOD FOR HUMAN CONSUMPTION AND ANIMAL SUPPLIES, CLEANING, BAZAR, MAKE REPRESENTATION OF FOREIGN COMPANIES OR ARGENTINA THROUGH AFFILIATES, OPERATIVE DEVELOPMENT OF COMMERCIAL SERVICES COMMERCIAL AND FINANCIAL ADVISORY AND RELATED ITEMS.


Before has dependences address in calle Gorostiaga 1749 1º, oficina 4, Buenos Aires City.

 

 

Economic-Financial Position 

  

Opportunely contact with the Accountant has been taken, of whom has required the contribution of countable information to determine present economic-financial position of the company under commentary.

The same and sustaining a position maintained through time, has denied in final form consequently to satisfy our requirement, being due to resort to indirect means.


These managements have turned out to be unsuccessful, since it was none was able to express with certainty on the individual, although coincidences exist in which it is important company in his sector.

 

 

Assets 

  

It not registers to its name of the company, properties or vehicles.

Evolution and Results 

  

At the forefront of their operations are primarily responsible, with 5 employees.


Achievement the conformation a good customer base in the Federal Capital and Greater Buenos Aires and also effected some exports to neighboring countries, are assigned stable outlook.


HABITUAL SUPPLIERS:
-------------------
BUDWEISER ARGENTINA S.A.
JOHNSON & SONS ARGENTINA S.A.

* 5 Employees

 

 

Payment Record and Credit Risk 

  

BANCO CIUDAD DE BUENOS AIRES
BANCO CREDICOOP
BANCO DE GALICIA Y BUENOS AIRES

Centralhouse.

INSURANCE:
----------
PREVENCION S.A.

CREDIT RISK
JUNE OF 2012

BANCO CREDICOOP                $ 1.077.100
BANCO DE GALICIA                  915.000
STANDARD BANK                     459.400
AMERICAN EXPRESS               315.600
BANCO SUPERVIELLE             1.100

SITUATION 1:                            NORMAL.


BANCO CIUDAD DE BS.AS. $ 1.150.300

SITUATION 3: DELAY 91/180 DAYS.

 

 

Concept 

 

In database it do not register backgrounds that could affect its concept.


* NOT OBJECTIONS.

 

 

Final Opinion 

  

Summarizing what has been left expressed, we arrive at the conclusion that the treatment credit with this company is feasible, although it is advisable to act with due moderation and suitable application of the guarantees to provide a proper cover for the operation.


* FIT FOR MODERATE CREDITS.


JMC

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.