MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

MAHF S.A.

 

 

Registered Office :

Thames 2270,   1er piso "C",  Ciudad de Buenos Aires, Republica

 

 

Country :

Argentina

 

 

Date of Incorporation :

03.12.2002

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of Flexible Packing

 

 

No. of Employees :

26

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

$   20,000

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 – September 30, 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

 

MAHF S.A.

"ENVAFLEX ARGENTINA"

CUIT: 30-70821322-1

 

 

Summary

 

INCORPORATED  IN  2002,   BEGINNER OF ACTIVITIES,   NO FINANCIAL  DATA PROVIDED, FULFILLMENT WITHOUT OBJECTIONS,   APT FOR MODERATE CREDITS,   FOR GREATER SUMS, REQUEST GUARANTEES.

 

 

Operations

 

MANUFACTURE FLEXIBLE PACKING

 

 

Legal Structure

 

BUSINESS TYPE: LIMITED COMPANY

INCORPORATED: 3.12.2002

REGISTERED: 2002

DURATION:   99 YRS

END OF FISCAL YR: 30.6

 

 

Contact

 

Mr.  Gustavo Baya

LEGAL ADDRESS:    Thames 2270,   1er piso "C",  Ciudad de Buenos Aires, Republica

Argentina.

OPERATIVE ADDRESS: Virrey Vertiz 150,   Tigre,  Provincia de Buenos Aires. Telefax.   (54-11) 4749-9566

E-Mail: administracion@envaflexargentina.com.ar                     info@envaflexargentina.com.ar

 

 

Partners

 

President:         LOPEZ FILLOY MARTIN DIEGO

 

ALTERNATE Director: LOPEZ FILLOY ALEJO NICANOR

 

USE OF SIGNATURE: PRESIDENT

 

 

Corporate Stock

COMMON SHARES: SUBSCRIBED AND PAID IN: $ 12.000

Personal Information

 

LOPEZ FILLOY MARTIN DIEGO

Argentine, born in   27/9/1973, D.N.I. No. 29.635.955, address in Av.Maipu 1774,

Vicente Lopez,  Provincia de Buenos Aires. He is registered in the following company:

MARALFA LF S.R.L.

Position: Partner

 

LOPEZ FILLOY ALEJO NICANOR

Argentine,  born in    25/4/1982,  D.N.I.  No.  29.635.955 address at Ing.Marconi 3351,  Olivos,  Provincia de Buenos Aires.

HE IS REGISTERED IN THE FOLLOWING COMPANY:

MARALFA LF S.R.L. POSITION: PARTNER MANAGER

 

 

History

 

The activities to which becomes reference were initiated and beginning by this society, which is in force by the legal clauses before mentioned.

It is dedicated to which it is indicated in the corresponding social statute for the development of the following managements:    MANUFACTURE OF FLEXIBLE PACKAGES, COMMERCIALIZATION OF THEM AND ITS DERIVATIVES,   PLASTIC AND METALLIC COVERINGS.

 

 

 

 Economic-Financial Position

 

Shows that it operates commercially within a sphere of medium significance, but until this acknowledgment difficulties.

In general terms assigned stable outlook on the plane in which it operates today.

 

 

 Assets  

 

The titular society is owner of the building at calle Virrey Vertiz 150, Tigre, Buenos Aires,   of good characteristics and suitable value of accomplishment.

 

 

Commercial References Consulted

 

ENVASES DEL PLATA S.A. SERVICOLORES S.A. HUECK FOLLIEN (URUGUAY)

To date the company is canceling the general commitments assumed within the terms set and is referred favorably.

 

 

Evolution and Results

 

Is enabled according to the corresponding indicating social status to the development of the following steps:  manufacture of flexible packaging,

MARKETING OF THEM AND THEIR DERIVATIVES PLASTICS AND METAL COATINGS.

Today is dedicating to the manufacture of flexible packaging. It provides the pharmaceutical,  foods,  cosmetics and wine.

To this end has a good infrastructure,  represented by its industrial plant consists of an area of 4,000 m2.

It has a special deposit inks, wall and gate with fire,  two units of production,  raw material and ship loading and unloading playon.

Specializes in:

Flexo prints   (6 colors) Intaglio prints   (5 colors)

Laminates with and without solvents,  heat sealable Manufacture of envelopes and doy pack Wafers sealable aluminum and polyethylene.

EMPLOYMENT: 26 employees.

 

Payment Record and Credit Risk

 

BANCO PATAGONIA SUDAMERIS BANCO SANTANDER RIO BANCO CREDICOOP

INSURANCE:

ROYAL SUN ALLIANCE

CREDIT RISK

DECEMBER 2011

BANCO PATAGONIA: $ 43.500.- SITUACION 1 BANCO SANTANDER:                  $   20.600.-   SITUACION 1

    SITUATION 1: NORMAL FULFILLMENT

Concept

 

As appears from the findings that have been made,  the company owner is well referenced,   as has hitherto been observed proper business conduct in the care of general obligations assumed.

* FULFILLMENT WITHOUT OBJECTIONS

 

 

Final Opinion

 

After what has been expressed in the preceding paragraphs, we arrive to the conclusion that this company meets adequate conditions to be related to business operations involving the assignment of credits,   at moderate levels in usual practice in the sector.

In amounts above those consulted,   advised the application of appropriate guarantees that the normal garabnticen retornop of capital exposed.

 

 

Credit limit

   

Maximum Credit Limit :          $   20,000

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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.