MIRA INFORM REPORT

 

 

Report Date :

19.07.2012

 

IDENTIFICATION DETAILS

 

Name :

NOVA S.A.

 

 

Registered Office :

Marconi 42, Cañada de Gomez, Provincia de Santa Fe

 

 

Country :

Argentina

 

 

Date of Incorporation :

08.07.2005

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Commercialization and Manufacture of Chemical Products

 

 

No. of Employees :

98

 

 

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 :

Unknown

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)

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   

 

 

NOVA S.A.

CUIT No.: 30-63861109-7

 

 

Summary      

 

 INCORPORATED IN 2005,  CONTINUED WITH THE NEGATIVE OF NOT FINANCIAL DATA PROVIDED TO THIRD PARTIES, NO REGISTERED NEGATIVE, OPERATE BY MODERATE AMOUNTS BY HIGH AMOUNTS REQUEST ADDITIONAL GUARANTEES.

 

 

Operations       

 

 CHEMICAL PRODUCTS
MANUFACTURE
COMMERCIALIZATION

 

 

Legal Structure   

 

 BUSINTESS TYPE: LIMITED COMPANY
INCOPORATED: 8.7.2005
REGISTERED: PCIA. DE SANTA FE
DURATION: UNTIL 20.4.2020
END OF FISCAL YR: AUGUST 31

 

 

Contact       

 

Accountant:Lorena Motter

LEGAL ADDRESS: Marconi 42, Cañada de Gomez, Provincia de Santa Fe, Argentina.

Operative ADDRESS: Ruta 9 Km. 373,9, Cañada de Gomez, Provincia de Santa Fe.

Phone: (54-03471) 422312
Fax: (54-03471) 427797
E-Mail: mpiva@laboratoriosnova.com
      lorenam@laboratoriosnova.com

 

 

Partners     

 

Last known:

President:            PIVA CARLOS GUSTAVO
Vicepresident:        PIVA MAURO ANDREA
ALTERNATE Director:   PIVA LUCIANO MARCOS

Using signature: President and V.President.

 

 

Corporate Stock       

 

THE SHARE CAPITAL OF THE COMPANY IS ESTABLISHED IN THE AMOUNT OF $ 50.000 WHICH IS TOTALLY SUBSCRIBED AND PAID IN, REPRESENTED BY SAME AMOUNT OF COMMON SHARES, NOMINATIVE, NONENDORSABLE, PAR VALUE $ 1,00 WITH RIGHT TO VOTE PER SHARE.

 

 

Personal Information   

 

PIVA CARLO AUGUSTO:
ITALINA, BORN IN  11/01/1946, MARRIED WITH Valeria Monti, MERCHANT, CI.No. 34.848 ADDRESS AT  Lavalle No.738, Cañada de Gómez, Pcia.de Santa Fé.

PIVA MAURO ANDREA:
ARGENTINE, MARRIED, BORN IN 03/12/1971, DNI.No. 22.438.531 ADDRESS AT Alberdi 926, Cañada de Gómez, Pcia.de Santa Fé.

PIVA LUCIANO MARCOS
ARGENTINE, BORN IN 20/01/1973, D.N.I. No. 23.158.157, ADDRESS AT  San Luis 2137, Cañada de Gomez.

 

 

History   

 

These business were initiated in 15/03/1999 by a simple company of fact integrated by Carlos Alberto Mengarelli and Carlo Agusto Piva which, over the years, was succeeded by LABORATORIOS NOVA S. R. L. integrated by the ones mentioned above.  

The same one prolonged its drive until, in compliance to the Art. 77 point 4o of the Law of Commercial Companies Not. 19550, 10o.inc.b) and 60 of the same Law, it  changed the denomination of the business by the current one, according to prior agreement of transformation dated 30/09/2004.  

There's no  knowledge that is a member of some other economic group or that its executives maintain participation in some other businesses with seat in that or other places.  

 

 

Economic-Financial Position   

 

Continued with the policy of not provided financial information to third parties.

 

 

Assets     

 

REAL ESTATE:
------------
Ruta 9 Km. 373,9, Cañada de Gomez, Provincia de Santa Fe. Of 8000 m2. of surface.

VEHICLES:
---------
1 truck Scania,
3 trucks Iveco
1 car Renault Traffic.

 

 

Evolution and Results       

 

 Though the statutes that govern the destinies of the business are extensive and consequently it is authorized to develop diverse activities, in practice faces, to the present, the production and commercialization of insecticides and chemical products of farm use, but concretely agricultural products and herbicides glifosato.  

It is located in the address exposed in the title, where occupies a real estate of adequate dimensions, used for technical and administrative offices, area of production and showroom, warehouse, etc.  

FOREIGN TRADE:  
--------------
In the last twelve months, has carried out imports by u$s. 324.405 according to the following detail:  

Chine             316.279
EE.UU.              8.128
Italy                   7

Suppliers:
----------
AMOPLAST S.A.
FIMEPLAST S.A.
PACKGRAF S.A.
SANTA RITA METALURGICA S.R.L.

TRADEMARKS FOR THE COMPANY:

ABRIGO                        BASTION
BIODOX                        BIONOVA
EXET                            FLIGH
IMIDA NOVA                  NOVADOX
OPTIONS                      RODEO
SIGURO                        SOGIX
SULFAPLUS                 TRIMAX
VERSION                      ZANO

* 98 employees

 

 

Legal Background    

 

ADVERTENCIA: Si en este registro no apareciera un Nro. de Doc. o CUIT, debe tomarse como una simple referencia a verificar en el expediente para descartar la existencia de personas con igual apellido y nombre/s o empresas con igual razon social.

 

No hay juicios disponibles.

 

 

Payment Record and Credit Risk      

 

 BANCO SANTANDER RIO
BANCO PROV. DE BUENOS AIRES
BANCO DE LA NACION ARGENTINA
NUEVO BANCO DE SANTA FE
BRANCH.Cañada de Gómez

CREDIT RISK - APRIL 2012 -

BANCO DE LA NACION         $ 16.524.000
BANCO DE SANTA FE            10.465.800
BANCO FRANCES                 4.640.400
BANCO SANTANDER               3.110.400

Situation 1: normal fulfillment

INSURANCE:
----------
FEDERACION PATRONAL
ASOCIART S.A.

 

 

Concept       

 

The company fulfills its commercial and bank commitments, generating a good concept.

* WITHOUT OBJECTIONS

 

 

 Final Opinion   

 

It is possible to operate with this company, for moderate credits, by high amounts request the additional guarantees.

* FIT FOR MODERATE CREDITS

NR

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.55

Euro

1

Rs.67.95

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.