MIRA INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
C-DIA S.R.L. |
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Registered Office : |
Pringles 644, 2o."8" (1183), Buenos Aires City |
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Country : |
Argentina |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
28.10.2002 |
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Legal Form : |
Liability Limited Company. |
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Line of Business : |
Industrial chemicals and wholesale of food additives |
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No. of Employees
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12 |
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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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Registered
Name
C-DIA S.R.L.
C.U.I.T. No.: 30-70814545-5
Summary
INCORPORATED IN 2002. BALANCE SHEET AS OF
31/05/2010: LIQUIDITY BALANCED WITH HIGH DEBT. FINAL PERFORMANCE ACCEPTABLE.
STABLE PERSPECTIVES. IT DOESN'T REGISTER NEGATIVE. FIT FOR CREDITS ACCORDING TO
ITS KNOWN RESOURCES AND THE RESERVES OF THE CASE.
Operations
FOOD ADDITIVES
INDUSTRIAL CHEMICALS
WHOLESALE
Legal Structure
Legal form:
Liability
limited company.
Created: 2002
Registered R.P.C.: 28/10/2002
Duratión: 99 years
End of fiscal year: 31 of
May
Contact
Mr.Bernardino
F.Rodríguez (Partner).
Legal address: Pringles 644, 2o."8" (1183), Buenos Aires City,
Repúblic of Argentina.
Operative and administrative address:Caracas 1630 (1416), Buenos Aires City,
Repúblic of Argentina.
Phone-fax: (54-11) 4584-7772/4585-0564
E-mail: bernardinof@c-dia.com.ar
Website: www.c-dia.com.ar
Partners
Partner:
DIAZ CARLOS ALBERTO
Partner: ETCHEVERRY JEAN PABLO
Partner: RODRIGUEZ BERNARDINO FELIX
Partner: RODRIGUEZ CARBONE LEANDRO ALEJO
His leadership and management is in charge of 2 seconds and 3 third of the
members exposed, in their capacity as managers using the firm name
interchangeably.
Corporate
Stock
Social Capital $
305.000
History
Based on data contained
in our power, being able to cite the owner for signature as the initiator of
the activities under development and pear which is located at the addresses
have been exposed time.
Not known to be an integral part of any economic group.
Economic-Financial
Position
Balance Sheet as
31/05/2009 and 31/05/2010:
31.05.2009 31.05.2010
ASSETS:
$ $
------
--- ---
Disp.,Inv.,Créd.,etc. 1.018.169 1.991,149
Inventories 961.050
903.934
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Total current 1.979.219
2.895.083
Total non-current 78.025
65.038
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TOTAL ASSETS 2.057.244
2.960.121
========= =========
LIABILITIES:
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Debts
728.172 1.501.067
Salaries and charges social 15.613 21.513
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Total current 743.785
1.522.580
Total non-current 323.324
261.524
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Total liabilities 1.067.109 1.784.104
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Net worth 990.135
1.176.017
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LIABILITIES + NET WORTH 2.057.244 2.960.121
========= =========
STATEMENT INCOME:
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Net sales 4.598.373
5.801.312
Cost of sales -3.936.709 -4.853.203
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Gross profit 661.664
948.109
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Expenses comerciali. - 160.425 - 289.189
Expenses administra. - 151.699 - 221.964
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Sub-Total 349.540
436.956
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Others incomes+expenses - 122.339 - 137.474
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FINAL RESULT 227.201
299.482
========= =========
It should be noted that after the company has closed a new year period and as a
result any comment that is realized here in practice does not reflect its
current economic and financial situation.
Made the exception, states that the owner came to 31/05/2010 rotating with
liquidity of 1.90 due to good relationship between assets and liabilities while
its own resources did not agree with the amount of operations involved, making
up all this in practice economic and financial adjustment.
As for the profitability of the period, it has been 5.16% on sales, which
admits of only acceptable to management.
EXCHANGE: 1 DOLAR = $ 4,33
Assets
REAL ESTATE:
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Rent, surface of 800 m2. covered.
VEHICLES:
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1 Van Fiat
Evolution
and Results
The specific purposes
of the holder concerning the imporaciòn and sale of industrial chemicals and
parallel to the wholesale of additives for the food industry.
For the purposes is exposed at the address where he is building appropriate
dimensions, which are responsible for the dorectovos care together with the
necessary staff.
Among its best known products are listed as follows:
alcohols
Isopropyl Alcohol (IPA)
Anhydrous ethyl alcohol 99%
Iso-Butanol
N-Butanol
methanol
acids
Acetic Acid
phosphoric Acid
sulfuric acid
esters
Amyl acetate
Butyl glycol acetate
Butyl Acetate
Iso-Butyl Acetate
Ethyl glycol acetate
Ethyl Acetate
glycols
butyl diglycol
butylglycol
Dowanol PM, PMA
ethylene
ethylglycol
Propylene Glycol USP technical and
Aromatic hydrocarbons
toluene
xylene
Chlorinated hydrocarbons
Perchloroethylene
Methylene Chloride
Trichloroethylene
* 12 EMPLOYEES.
MAIN SUPPLIERS:
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INMOBAL NUTRER S.A.
ROHA DYECHEM LTD. (India)
FOREIGN TRADE:
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In the last twelve months, it has made specific imports by u$s. 1.412.854
according to the following detail:
CHINA ................................ u$s. 871.765
INDIA ................................ u$s. 410.307
BELGIUM .............................. u$s. 78.696
OTHERS ................................ u$s. 52.086
Export to Uruguay and Brasil.
Payment
Record and Credit Risk
BANCO DE GALICIA Y
BS.AIRES Suc.No. 33
BANCO DE LA NACION ARGENTINA Suc.Flores
CREDIT RISK:
------------
OCTOBER 2011
GALICIA 10/2011 1
$ 464.900
NACION "
" $ 58.200
FIAT CRED "
" $ 20.700
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TOTAL: $ 543.800
=========
Situatiòn 1 = normal.
INSURANCE:
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ZURICH CIA.DE SEGUROS S.A.
Concept
Maintains online
transactions with firms providing the industries it serves, several of which
will assist credit without objections of the forms of payment it supports.
* COMPLIANCE: NO OBJECTIONS.
Final
Opinion
The exposed backgrounds
makes the company feasible for credit of current importance, and for amounts
according to its known resources.
* FIT FOR CREDITS OF CURRENT IMPORTANCE, WITH GUARANTEES.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.78 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.67.46 |
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.