MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ARGUDO S.A.

 

 

Registered Office :

Paz El Ingenio, frente al Banco General, Apartado 6156

 

 

Country :

Panama

 

 

Date of Incorporation :

07.09.1995

 

 

Com. Reg. No.:

Card 306650, Volume 241, Entry 1888

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Storage Systems For Warehouses

 

 

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 :

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)

Panama

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

IDENTIFICATION

 

CORRECT COMPANY NAME

ARGUDO S.A.

TAXPAYER REGISTRATION

RUC 473113830665068

MAIN ADDRESS

Paz El Ingenio, frente al Banco General, Apartado 6156

PROVINCE / DEPARTAMENT

Panamá

STATE / REGION

Panamá

COUNTRY

PANAMA

TELEPHONE

(507) 2619130 - 2618628

E-MAIL

info@argudosystem.com

WEB

www.argudosystem.com

 

SUMMARY

 

Date of foundation

1995

Capital stock

US$10,000.= Dollars

Chief Executive

HERNANDEZ ARGUDO, ISMAEL SILVINO

Disposition

Excellent.- Full information and updated figures.

Payments policy

 (No payment experience traced)

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Joint-Stock Company

DATE OF INCORPORATION

07SEP1995

PLACE OF REGISTRY

Panama

NOTARY OFFICE

Primera del circuito.

DURATION

Perpetual

REGISTRATION

Card 306650, Volume 241, Entry 1888

INITIAL CAPITAL

US$10,000.= Dollars

CURRENT PAID-IN CAPITAL

US$10,000.= Dollars

CLASS OF SHARES

Common

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

B/.100.= Balboas.

CURRENT EXCHANGE RATE (US$)

B/.1.= Balboa per 1 USD

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

HERNANDEZ ARGUDO, ISMAEL SILVINO

President

 

 

CEDEŃO BARAHONA, ALVARO

Vice president

 

 

HERNANDEZ ARGUDO, MARIA DEL PILAR

Secretary

 

 

 

 

WHO IS WHO?

 

HERNANDEZ ARGUDO, ISMAEL SILVINO

NATIONALITY

Panamanian

 

 

 

 

CEDEŃO BARAHONA, ALVARO

BACKGROUND INFORMATION

 
He is founder of the firms:
.              EDURNE,S.A. 
.              KRABELIN,INC. 
.              EURIA INVERSIONES, S.A. 
.              SILVERYACHTS INC. 
.              CORPORACION SANTORINI, S.A. 
.              VISTA DEL BARU, S.A. 
.              JARAMILLO PROPERTIES, INC. 
.              EV CONSULTING GROUP, INC 
.              CARVAN CORP. INC. 
.              GORKA, S.A. 
.              RESTAURACIONES INTEGRALES S.A 
.              CIA. SIC, S.A. 
.              IZASKUN CORP. 
.              ECOENERGIA PANAMA,S.A. 
.              CIA. MUDEJAR, S.A. 
.              CIA. BIZANTINA, S.A. 
.              ASOCIACION SAN TELMO, S.A. 
.              SUR MER INTERNATIONALE, S.A. 
.              PISO 13 ADMINISTRACION, S.A. 
.              LINIJO, S.A. 
.              DORADO FISH INC 
.              CVC PANAMA, S.A. 
.              JUMODIA, S.A.

 

 

 

 

HERNANDEZ ARGUDO, MARIA DEL PILAR

BACKGROUND INFORMATION

 
She is Director of the firms:
.              INMOBILIARIA ALCARRIA, S.A. 
.              ARGUDO, S.A. 
.              TANAUSU, S.A. 
.              ARGUDO E. HIJOS, S.A. 
.              INMOBILIARIA ARIDANE, S.A.

 

 

 

 

 

BUSINESS HISTORY

 

 
Subject was incorporated on September 7th, 1995 pursuant to Public Deed 6439.
Subject's founders: Silvino Argudo and Ismael Hernández Argudo.

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

RELATION %

ARGUDO E HIJOS S.A.

PANAMA

 

Related

TECNODECOR S.A.

PANAMA

 

Related

 

 

BUSINESS

Main activity

 
Subject is engaged in storage systems for warehouses. 
Its is also engaged in the commercialization of shelfs, shelf systems for supermarket and premises, hardware stores,  auto-spare parts,  tyres storage, drugstores, refrigerator, walkin freezer, storage of mobile files, warehouse and deposits in general.
 
Representative Distributor of the ATOX brand in Panama.

Import

Yes

Country

Spain

Export

No

SELLING TerritorY

100% Domestic market

 

LOCATION

 

OTHER PREMISES

 
Main address belongs to its registered and administrative offices.

 

FINANCIAL INFORMATION

 

Interviewee(s)

Ismael S. Hernández Argudo

Position(s)

General Manager

Disposition

Excellent.- Full information and updated figures.

Information provided

 
Mr. Ismael Hernandez Argudo evaluated our request and stated that it is essential to reveal the name of supplier or client requesting such information to subsequently hold a meeting. He stated that he had held a meeting with the current and possible suppliers and none of them have requested further information. 
 
Under such circumstances, we prepared this report based on information obtained from third sources and public.  
 
Since Subject's accounting information is available for public access, its current economic situation cannot be assessed.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
(NN): UNDETERMINED
The company's Financial Situation is considered as UNDETERMINED since financial figures to assess the financial status of its results were not available. 
 
- No final operating results are available.
-Commercial references are limited or null.
-In general, there is not enough information regarding  Owner's solvency, operating management and financial results. 
- The secretive attitude in its statements arose from confidentiality policies limits possible sources.

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

Supplier: DHL PANAMA

Tel.: 507 - 2713451

Country: PANAMA

Goods/Services? : Courrier service

 

 

Highest credit? : US$ 1,000.=

 

Current

Client since? : 2007

Terms? : 30 days

Performance? : Prompt

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

Comment

ATOX SISTEMAS DE ALMACENAJE S.A.

SPAIN

 

ALKON PLASTICS PVT LTDA.

SPAIN

 

 

CREDIT HISTORY

It was not possible to obtain any commercial and financial information, so there is a lack of information of the Subject. However, it should be mentioned that based on this investigation, it was not found any restrictions against the Subject.

 

 

BANKING INFORMATION

 

Bank

 

Information was not available.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

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.