MIRA INFORM REPORT
|
Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
PREST S.A.
|
|
|
|
|
Registered Office : |
Av. Osvaldo Cruz 2472, Buenos Aires City |
|
|
|
|
Country : |
Argentina |
|
|
|
|
Date of Incorporation : |
02.07.1970 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Import & Commercialization of chemical
products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
PREST S.A.
C.U.I.T. No.: 30-51912363-7
Summary
BEGINNER OF ACTIVITIES. INCORPORATED IN 1970. FIGURES OF GENERAL BALANCE AS 30.4.2010 (LAST KNOWN): OPERA WITH FINANCE CONTROLLED AND POSITIVE RESULTS OF SIGNIFICANCE DISCRETE. NO NEGATIVE. APT FOR CREDITS IN ACCORDANCE TO ITS OWN RESOURCES.
Operations
CHEMICAL PRODUCTS
IMPORT
COMMERCIALIZATION
Legal
Structure
Business type: Public
Limited Company
Incorporated: 02/07/1970
Registered: 21/09/1970
Register #:
36.908
Duration: 99 years
End of fiscal year: April 30th
Contact
Mr Rolando Alfredo Gonzalez.
Legal and Operative address: Av. Osvaldo Cruz 2472,
Buenos Aires City, Argentine Republic.
Phone: (54-11) 4303-0822/0823
Fax: (54-11) 4303-0819/0820
E-mail: rgonzalez@prest.sa.com
Partners
President:
PATIÑO GUILLERMO ENRIQUE
1º Vice-president: PATIÑO
RODRIGO GUILLERMO
2º Vice-president: GONZALEZ
ROLANDO ALFREDO
The first mentioned one, as Manager, is in charge of the management and
administration of the company, with the use of the social signature.
Corporate
Stock
Personal Information
PATIÑO GUILLERMO ENRIQUE
Argentinian, married, born on 10/06/1958, DNI. 12.274.281 (CUIT. 20-12274281-5)
with address in Ituzaingo 555, Temperley, Buenos Aires Province.
HE registers backgrounds through the following companies:
> AGM VISION S.R.L.
Partner
> STATUS SALUD S.R.L.
Partner
GONZALEZ ROLANDO ALFREDO
Argentinian, married, born on 24/05/1961, DNI. 14.355.463.
History
The company was incorporated by mid-1970 with
the objective of performing its current activities, operating nowadays in the
previously exposed address.
There is neither register of its participation in other economic group, or of
its directors’ in other companies apart from the previously mentioned ones.
Economic-Financial
Position
With the intention of illustrating to Mr.
Subscriber on the individual, numbers of the General Balance sheet are exposed
as follows that the holder practiced to the 30/04/2010 (LAST KNOWN):
ASSETS
CURRENT $ 5.636.981 93,2%
ASSETS NON-CURRENT $ 409.335 6,8%
LIABILITIES CURRENT $ 2.225.960 36,8%
LIABILITIES NON-CURRENT $ 95.648 1,6%
NET WORTH $ 3.724.708
61,6%
NET SALES $17.448.554
COST OF SALES $12.573.270
GROSS PROFIT $ 4.875.284
FINAL UTILITY $ 768.039
The above figures show adequate economic and financial structure, m given that
there is good coverage of the commitments by own funds which are grouped within
equity, also the existence of adequate support by the current asset values
which can be described as normal in the active realization.
In the period discussed business operations achieved significant amounts of
good, but closed with mild benefit when compared with the importance of the
resources mobilized.
It should be mentioned that at present the company's stock has been
demonstrating in normal and stable outlook assigned ason.
From the above values ??have been extracted the following indices:
WORKING
CAPITAL $ 3,411,021
CASH FLOW 2.53
DEBT 0.62
Solvency 1.60
total solvency 2.60
S PROFIT / SALES 4.4%
EXCHANGE:
$ 1 $ 4.30
Assets
BUILDINGS:
---------
To the closing of the last annual economic exercise, the holder did not
register to his name the possession of real estate, not being well-known that
later has come to incorporate this type of goods to its assets.
The good that occupies in the signs, is registered to the name of its managers.
By the same it pays the sum of $ 3,000, 00 monthly rent.
ROLLINGS:
-------
1 Renault Clio automobile mod.2004
1 BMW automobile mod.2000
1 automobile VW New Deetle mod.2007
1 automobile Seat Ivisa mod.1998
Evolution
and Results
The company is engaged in the import,
commercialization and export of pharmaceutical and veterinary products,
operating nowadays in the previously exposed address.
It is a company of reasonable importance on its sector, which has an
appropriate infrastructure and organization, where its directors participate
together with the necessary staff.
Around 90% of its purhcases are from imports which are carried out from
Switzerland, China, India, Colombia, Germany, Uruguay and Spain,
highlighting that its exports are done to Uruguay.
MAIN SUPPLIERS:
---------------
ISP DE ARGENTINA S.A.
ISOALJO S.R.L.
ETUXED S.R.L.
FOREIGN TRADE:
-----------------
IN THE LAST 12 MONTHS IT HAS CARRIED OUT IMPORTS FOR USD 2.274.852 AS FOLLOWS:
CHINA...................877.786
INDIA...................827.595
SPAIN...................280.293
OTHERS..................289.179
Payment Record and Credit
Risk
BANCO DE GALICIA Y
BUENOS AIRES
BRANCH. N* 151, CC.No. 469/9-151/4.
BANCO DE LA PROVINCIA DE BUENOS AIRES
BRANCH.Barracas CC.No. 12422/9
CREDIT RISK
-----------
NOVEMBER 2011
BANCO CIUDAD $ 2.569.300
BANCO CREDICOOP $ 1.527.500
BANCO DE GALICIA $ 1.170.500
Situation 1: normal fulfillment
INSURNACE:
-------
CNA ART
LIBERTY S.A.
ZURICH CIA.DE SEGUROS S.A.
Concept
It is related
to companies of place and the outside of the country, among which they
offer their credit support to him without making until the moment
objections on the modes of payment that sustains.
* FULFILLMENT: NOT OBJECTED.
Final
Opinion
The obtained complementary data does not
throw details that hinder the credit relation with the holder, of course, in as
much and as soon as the sums in game find agreement with their well-known own
resources.
* APT FOR OPERATIONS OF CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.