MIRA INFORM REPORT

 

 

Report Date :           

28.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PARAMERICA S.A

 

 

Registered Office :

Ruta 38 (autopista Famailla) Km.797, San Felipe, Province of Tucuman.

 

 

Country :

Argentina

 

 

Date of Incorporation :

04.10.1994

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Culture and packaging wholesale of vegetables and related

 

 

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

 

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 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   

 

PARAMERICA S.A.

CUIT Nº 30-69717277-3

 

 

Summary      

 

BEGINNER OF ACTIVITIES, INCORPORATED IN 1994. NO FINANCIAL DATA PROVIDED ONLY TO BANKS AND TAX COMPTROLLERS. NO REGISTRED NEGATIVE. APT FOR MODERATED CREDITS WITH ADDITIONAL GUARANTEES.

 

 

Operations       

 

CULTURE AND PACKAGING WHOLESALE OF VEGETABLES AND RELATED.

 

 

Legal Structure   

 

LEGAL FORM:              PUBLIC LIMITED COMPANY
CREATED:                    1994
REGISTERED RPC:      04.10.1994
DURATION:                   99 YEARS
END OF FISCAL YEAR: 31.12

 

 

Contact       

 

MARCELO RUIZ JUAREZ.

Legal and operative:
Ruta 38 (autopista Famailla) Km.797, San Felipe, Province of Tucuman.

Phone. 0381.4000203/4000201
E.Mail: marceloruiz@paramerica.com.ar

 

 


Partners     

 

DIRECTORS:
--------------------

MARCELO ALEJANDRO RUIZ JUAREZ

CARLOS ALBERTO RUIZ JUAREZ

Using signature: It is the responsibility of the antecitados individually and indistinct.

 

 

Personal Information   

 

MARCELO ALEJANDRO RUIZ JUAREZ
-----------------------------
D.N.I. Nº 21.316.334, argentina, married.


CARLOS ALBERTO RUIZ JUAREZ
---------------------------
D.N.I. Nº 25.602.568, argentina, married.

 

 

History   

 

Is determined through investigations that have been made that the activities referred to were initiated and implemented by this society, which governs their actions by legal clauses cited above.


No records to the components directory in the development of other commercial activities.


Before had administration address in Jujuy 3500, San Miguel of Tucuman.

 

 

Economic-Financial Position   

 

In units of the company, our agent was attended by Mr. MARCELO ALEJANDRO RUIZ JUAREZ, who declined to provide information in strict form.

In consecuancia what is presented in this review is the result of efforts made through third parties.

Of these efforts shows that our informed within its specific activity is developed commercially within a plane of good size, but be warned hastael present difficulties, admitting also that obtains compensation benefits.

In general terms and within the plane that shows the current rotation is judged stable outlook.

 

 

Assets     

 

A society is given possession of the property it occupies in the address being reported, which by its nature has a good value realization.

Also refers to have fields in the area of which detail is not obtained.

Also have several trucks Mercedes Benz, affected the transfer of goods.

 

 

Commercial References Consulted       

 

PAMPACK S.A.
BOLSAPEL S.A.

These providers give credits payable in installments varied ranging from the 45 days.

Far have been performing within normal terms and deserve a good rating.  

 

 

Evolution and Results       

 

Are aimed at the growing, packing and wholesale marketing of vegetables and related products.

For this purpose has been achieved proper conformation of operational structure, with the head of operations responsible for their own, with all partners 26 permanent employees and several contract.

With several years old, the company has achieved a good strengthening and has established appropriate clientele, making exports to the U.S., India and European countries.

There is no knowledge that the company has had difficulties in his performance, admitting who were asked their chances of rotation is shown as normal.

 

 

Payment Record and Credit Risk      

 

BBVA BANCO FRANCES
BANCO MACRO
BANCO SANTANDER RIO
BANCO SUPERVIELLE
HSBC BANK ARGENTINA

INSURANCE:
----------
LA SEGUNDA COOPERATIVA LIMITADA

CREDIT RISK
JANUARY 2012

Banco Frances      $ 4.910.400      1
Banco Macro          3.270.000      1
Banco Santander      2.887.500      1
Banco Supervielle    1.329.100      1
HSBC Bank              879.200      1
Banco Nacion           867.100      1
Mercedes Benz          741.700      1

Situation 1: normal.

 

 

Concept       

 

Not registered to the company holding a negative history of any kind and is determined through inquiries made recently to comply properly with the general obligations assumed.

* YOU ARE NOT RECORDED HISTORY NEGATIVE.

 

 

Final Opinion    

 

We consider finally the treatment is feasible with this credit society, within moderate amounts of practice conditions.

In amounts of greater importance, it is advisable to request appropriate guarantees.

* SUITABLE FOR CREDITS.

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.91

UK Pound

1

Rs.81.27

Euro

1

Rs.67.99

 

 

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.