MIRA INFORM REPORT
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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SUEÑO FUEGUINO S.A. |
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Registered Office : |
Alberto Einstein 1341. Parque Industrial Rio Grande, Rio Grande, Tierra
del Fuego Province |
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Country : |
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Date of Incorporation : |
01.06.1981 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
manufacture of
sheets and tablecloth of Textile industry |
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No. of Employees
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112 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Argentina |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Registered Name
SUEÑO FUEGUINO S.A.
CUIT: 30-59241205-1
Summary
INCORPORATED IN 1981. BEGINNER OF ACTIVITIES. FIGURES OF FINANCIAL INFORMATION: GOOD STRUCTURE ECONOMIC/FINANCIAL WITH MANAGEMENT NORMAL AT THE PRESENT. FULFILLMENT: WITHOUT OBJECTIONS. FIT FOR CURRENT CREDITS IN ACCORDANCE WIWTH ITS RESOURCES.
Operations
TEXTILE INDUSTRY
MANUFACTURE OF SHEETS AND TABLECLOTH
Legal
Structure
Business type: Public
Limited Company
Incorporated: 01/06/1981
Registered: 16/07/1982
Duration: 19/07/2081
End of fiscal year: May 31st
Contact
Mrs. Sonia Ohanessian (Administrative
Manager)
Dependences in Buenos Aires: Moreno 1369, Buenos Aires City, Argentina.
Phone: (54-11) 4382.1862
E-mail: sonia@sue.com.ar
Legal address and Production Plant: Alberto Einstein 1341. Parque Industrial Rio Grande, Rio Grande, Tierra del Fuego Province.
Partners
President:
OHANNES BOGIATZIAN
Vice-president: OSCAR
MENDEZ
Alternated Director: EDUARDO
KOZANLIAN
Social signature use: In the charge of the President and Vice-president.
Corporate
Stock
Common shareS:
Subscribed and paid-in capital: $ 500.000
Personal
Information
BOGIATZIAN OHANES
Argentinian, single, born in 1947, DNI. 12.255.310.
MENDEZ OSCAR
Argentinian, born in 1936, divorcée, LE. 4.171.678.
They are registered in the following companies:
BRANDLUZ S.A.
IERGAT S.A.
History
According to our investigations, it is known that these activities were directly started by this company on 01/06/1981.
Economic-Financial
Position
The company's directors
refused to supply financial information.
Therefore, it has been necessary to consult indirect sources, where we obtained
figures of the last Balance Sheet.
CURRENT ASSETS $ 112.000.000
NON-CURRENT ASSETS $ 17.000.000
$ 129.000.000
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CURRENT LIABILITIES $ 49.700.000
NON-CURRENT LIAB. $ 1.800.000
$ 51.500.000
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NET WORTH $
77.500.000
$ 129.000.000
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Sales in 2011 were estimated at $ 98,000,000 with obtainment of a compensatory
benefit.
According to the figures set out the company is turning to economic and
financial structure balanced and stable outlook assigned.
The weights values ??are in our country.
EXCHANGE THE DATE : 1 USD = $ 4.35
Assets
The company is
owner of the properties located in the previously exposed addresses, which have
an important realization value.
Evolution
and Results
The subject company is
a textile industry of good importance, which performs the manufacture of
tableclothes, sheets and towels.
TRADEMARKS:
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DANUBIO
ROMANCE
PROFUMO DI LAVANDA
LA HIDROFILA ARGENTINA.
It carries out imports (raw materials) from Asia and Spain, exporting sets of
sheets to Uruguay.
It has the necessary structure, mainly represented by the large establishment
located in Rio Grande City (Tierra del Fuego), which is stocked with modern
technology and by the headquarters located in Buenos Aires City, which has good
characteristics.
FOERIGN TRADE:
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In the last twelve months it has carried out imports for a total value of u$s
19.704.243 from the following countries:
ARGENTINA
$ 17.238.358
PAKISTAN
1.451.204
SPAIN
340.286
OTHERS COUNTRIES
674.396
* 112 EMPLOYEES
Branches
Avda.Montes de Oca
1451, Ciudad de Buenos Aires.
Avda.Belgrano 1425, Rio Grande, Tierra del Fuego
Fagnano 506, Rio Grande, Tierra del Fuego.
Payment
Record and Credit Risk
BANKS:
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BANCO DE LA NACION ARGENTINA
BBVA BANCO FRANCES
BANCO CIUDAD DE BUENOS AIRES
BANCO SUPERVIELLE
BANCO CREDICOOP
INSURANCE:
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MAPFRE S.A.
CREDIT RISK:
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JANUARY 2012
BANCO MACRO $ 4.818.300 1
CIUDAD 4.039.400 1
FRANCES 3.815.900 1
STANDARD 2.999.100 1
ITAU 2.921.000 1
LA PAMPA 2.347.200 1
NACION 1.870.000 1
CREDICOOP 1.789.900 1
HSBC 1.789.300 1
COMAFI 1.455.400 1
PROV. DE B.A. 1.048.700 1
INDUSTRIAL 984.200 1
PRIVADO 613.100 1
CITIBANK 75.900 1
CMF S.A. 2.045.300 1
SERV. Y TRANSACC. 821.100 1
AMERICAN EXPRESS 19.400 1
SITUATION 1: NORMAL FULFILLMENT.
Concept
Up to now there are no
comments and/or that could affect the company's commercial concept.
According to our consultations, it complies in due time the commitments taken.
* WELL QUALIFIED COMPANY
Final
Opinion
We consider
feasible the new credits treatment with this company by current amounts in
accordance with its known economic-financial situation.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.16 |
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UK Pound |
1 |
Rs.81.72 |
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Euro |
1 |
Rs.68.34 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.