MIRA INFORM REPORT

 

 

Report Date :

23.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LEATHERTEX ARGENTINA S.A.

 

 

Registered Office :

Iturraspe 650, Piso 1, Reconquista, Provincia de Santa Fe

 

 

Country :

Argentina

 

 

Date of Incorporation :

24.02.1999

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import of Leather

 

 

No. of Employees :

Not Available

 

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 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   

 

LEATHERTEX ARGENTINA S.A.

CUIT: 30-69924624-3

 

 

Summary      

 

INCORPORATED IN 1999, CONTINUED WITH THE POLICY OF NO FINANCIAL DATA PROVIDED, NO REGISTERED NEGATIVE, APT FOR NEW CREDITS WITH GUARANTEES.

 

 

Operations       

 

IMPORT OF LEATHER

 

 

Legal Structure   

 

BUSINESS TYPE: LIMITED COMPANY
INCORPORATED: 24.2.1999
DURATION: 99 YRS
END OF FISCAL YR: 31.1

 

 

Contact       

 

Mr.Hernan Ramirez

OPERATIVE ADDRESS: Iturraspe 650, Piso 1, Reconquista, Provincia de Santa Fe, Argentina.

Tel: (54-03482) 420443
Fax: (54-03482) 429555  

 

 

Partners     

 

President:                     ESTEBAN PABLO ALAL
ALTERNATE Director:    MARIANA ALAL

USE OF SIGNATURE: President
 

 

Corporate Stock       

 

 SHARE CAPITAL: $ 100.000.-

 

 

Personal Information   

 

ESTEBAN PABLO ALAL
(CUIT: 20-25089613-2)
---------------------
ARGENTINE, SINGLE, BORN IN   18/11/1975, ADDRESS   Gral.Obligado 585, Reconquista, Prov.de Santa Fe, posee D.N.I. No. 25.089.613.

MARIANA ALAL
(CUIT: 27-06458354-4)
---------------------
ARGENTINE, SINGLE,BORN IN 2/12/1925, ADDRESS AT Iturraspe 650, Reconquista, Prov.de Santa Fe, posee L.C. No. 6.458.354.

 

 

History   

 

It was constituted during year 1999 under trade name LEATHERTEX ARGENTINA SOCIEDAD COLECTIVE.

Dated 15/10/2001 it comes to its transformation in Anonymous Society.

It is clarified that they were very reluctant in offering information on its activities, being due to resort to other sources of consultation to be able to fill out the present report.

This related with the following company: EMILIO  ALAL S.A.

 

 

Economic-Financial Position   

 

The company continued with the policy do not facilitate countable states to third parties.

 

 

Assets     

 

It does not own real estate, his  operative building is property of the company EMILIO ALAL S.A.

 

 

Parent/Related Companies      

 

EMILIO ALAL S.A.
Reconquista, Santa Fe
Branch: Tannery

 

 

Evolution and Results       

 

His social contract says agricultural livestock operations, such as exploitation of fields, forests, farms, cattle breeding and wintering. Also in international trade with export and import of leather, soles, textiles, agricultural prductos and all kinds of diverse goods and services purchased from third parties for any title or that was produced by it. -

Land transport, air maritime and multimodal, with company or third parties. -

Wholesale sales of textile products, except fabrics, textiles, garments and clothing accessories, etc..

The performance of the firm is good, with excellent client portfolio that allows you to obtain acceptable yields.

 

 

Branches     

 

SALES OFFICE: Av.Garay 4163, Ciudad de Buenos Aires, Argentina.
Phone: (54-11) 4924-3711

 

 

Payment Record and Credit Risk      

 

> STANDARD BANK ARGENTINA

CREDIT RISK MARCH 2012
----------------------
STANDARD BANK         $    262.300
situation 1: normal.

 

 

Concept       

 

They did not facilitate list of suppliers  to verify the fulfillment of its obligations.

They do not register judicial antecedents that can affect its concept.

* NOT OBJECTIONS.

 

 

Final Opinion    

 

We recommend to operate by new credits and with the adoption of suitable defenses.

* APT FOR NEW CREDITS.

CC

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.99

UK Pound

1

Rs.88.97

Euro

1

Rs.71.57

 

 

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.