MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Name :

TECME S.A.

 

 

Registered Office :

Calle Publica s/nº lote 43, Barrio Los Boulevares, Cordoba, Province of Cordoba

 

 

Country :

Argentina

 

 

Date of Incorporation :

01.03.1973

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacturing and marketing of medical equipment and surgical and orthopedic devices.

 

 

No. of Employees :

60

 

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)

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   

 

TECME S.A.

C.U.I.T. Nº 30.56653500.5

 

 

Summary      

 

INCORPORATED IN 1973. BEGINNER OF ACTIVITIES. REFUSAL TO SUPPLY FINANCIAL AND GENERAL INFORMATION. NOT NEGATIVE REGISTERED. OPERATE WITH MODERATE CREDITS AND SECURITIES ADDITIONAL.

 

 

Operations       

 

MANUFACTURING AND MARKETING OF MEDICAL EQUIPMENT AND SURGICAL AND ORTHOPEDIC DEVICES.

 

 

 Legal Structure       

 

 

LEGAL FORM:              PUBLIC LIMITED COMPANY
CREATED:                    01.03.1973
REGISTERED RPC:     10.10.1973
DURATION:                   99 YEARS
END OF FISCAL YEAR: 28.2

 

 

Contact       

 

Legal and operative address: Calle Publica s/nº lote 43, Barrio Los Boulevares, Cordoba, Province of Cordoba.

Phone:  (0352)414 4600

E-Mail: gregorio.pontonieri@tecme.com.ar
Web:    www.neumovent.com.ar

 

 

Partners     

 

PRESIDENT:                 ERNESTO PEDRO MAÑA
V.PRESIDENT:             LUIS RICARDO MAÑA

DIRECTORS:                 MARIA DOLORES MAÑA CASTELLANO
                                    ERNESTO RAMO MAÑA ESCUTI

ALTERNATES:              GRACIELA ALCIRA CASTELLANO
                                    MARIA ROSA ESCUTI PIZARRO

Using signature: President and V. Chairman.

 

 

Personal Information   

 

ERNESTO PEDRO MAÑA
-------------------
LE.. 6.370.900
argentino, married.

LUIS RICARDO MAÑA
------------------
DNI. 6.518.009
argentino, married.

MARIA DOLORES MAÑA CASTELLANO
-----------------------------
DNI. 20.531.439
argentina, married.

ERNESTO RAMON MAÑA ESCUTI
-------------------------
DNI. 13.374.408
argentino, married.

 

 

History   

 

It has been determined through investigations that have been made that the activities in question were initiated and implemented by this society, which is governed by legal clauses above.

Before in Avda. Fuerza Aerea 4637, Cordoba, Province of Cordoba.

 

Economic-Financial Position   

 

Those responsible for the company declined to provide information on a strict accounting, and the inquiries made through third parties, it appears that carries out its operations within a plane of medium importance, but until the present problems are noticed, they are also admitting countervailing the results obtained.

 

 

Assets     

 

REAL ESTATE:
------------------------
Calle Publica s/nº lote 43, Barrio Los Boulevares, Cordoba, Province of Cordoba.

 

 

Evolution and Results       

 

Holder society is dedicated to the development of the activities mentioned above, recording the manufacture own products NEUMOVENT trademark.

Opeerativa has adequate structure, being in front of the main responsible operations with 60 employees who work together.

To date tour smooth and stable outlook assigned to it.

With sales covering the domestic market and exporting to neighboring countries.

Make import of raw materials and inputs from various U.S. ·. States., Germany, New Zealand and others.

FOREIGN TRADE:
-----------------------
In the last twelve months, it has made specific imports by u$s 1,902.053 according to the following detail:

USA                             1.162.896
GERMANY                   447.408
NEW ZEALAND            179.909
OTHERS                       111.840

* 60 employees

 

 

Payment Record and Credit Risk      

 

BANCO DE GALICIA Y BUENOS AIRES
BANCO SANTANDER RIO

Branchs. Cordoba

INSURANCE:
----------
LIBERTY S.A.

CREDIT RISK FEBRUARY 2012:
--------------------------
BANCO SANTANDER       $ 546.900   SITUATION 1

SITUATION 1: NORMAL.

 

 

Concept       

 

To date we informed concurring normally comes to the attention of the general obligations assumed and is referred to on good terms in the operational means they are accustomed.

* PERFORMANCE WITHOUT OBJECTIONS.

 

 

Final Opinion    

 

It concludes that the company that owns may be related to credit operations, in moderate amounts and with practice conditions.

In sums of further consideration, it is advisable to require appropriate guarantees.

* SUITABLE FOR CREDITS.


 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.