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Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BIGUEST S.A. |
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Registered Office : |
Sita En :Zarraga 3755 Dpto F. Buenos Aires City |
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Country : |
Argentina |
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Date of Incorporation : |
30.03.2011 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Engaged in textile industry |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Argentina |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
argentina ECONOMIC OVERVIEW
Argentina benefits
from rich natural resources, a highly literate population, an export-oriented
agricultural sector, and a diversified industrial base. Although one of the
world's wealthiest countries 100 years ago, Argentina suffered during most of
the 20th century from recurring economic crises, persistent fiscal and current
account deficits, high inflation, mounting external debt, and capital flight. A
severe depression, growing public and external indebtedness, and an
unprecedented bank run culminated in 2001 in the most serious economic, social,
and political crisis in the country's turbulent history. Interim President
Adolfo RODRIGUEZ SAA declared a default - at the time the largest ever - on the
government's foreign debt in December of that year, and abruptly resigned only
a few days after taking office. His successor, Eduardo DUHALDE, announced an
end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The
economy bottomed out that year, with real GDP 18% smaller than in 1998 and
almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by
an average 8.5% annually over the subsequent six years, taking advantage of
previously idled industrial capacity and labor, an audacious debt restructuring
and reduced debt burden, excellent international financial conditions, and
expansionary monetary and fiscal policies. Inflation also increased, however,
during the administration of President Nestor KIRCHNER, which responded with
price restraints on businesses, as well as export taxes and restraints, and
beginning in 2007, with understating inflation data. Cristina FERNANDEZ DE
KIRCHNER succeeded her husband as President in late 2007, and the rapid
economic growth of previous years began to slow sharply the following year as
government policies held back exports and the world economy fell into
recession. The economy in 2010 rebounded strongly from the 2009 recession, but
has slowed since late 2011 even as the government continued to rely on
expansionary fiscal and monetary policies, which have kept inflation in the
double digits. The government expanded state intervention in the economy
throughout 2012. In May the Congress approved the nationalization of the oil
company YPF from Spain's Repsol. The government expanded formal and informal measures
to restrict imports during the year, including a requirement for
pre-registration and pre-approval of all imports. In July the government also
further tightened currency controls in an effort to bolster foreign reserves
and stem capital flight.
|
Source : CIA |
BIGUEST S.A.
C.U.I.T. 30-71187863-3
CREATED
30.03.2011. GOOD CONCEPT. NO PROVIDED FINANCIAL INFORMATION. NO NEGATIVE
REGISTERED. APT FOR NEW TRANSACTIONS OF CREDIT.
> TEXTILE INDUSTRY
> FACTORY, FABRICS OF KNIT
LEGAL FORM:
PUBLIC
LIMITED COMPANY
CREATED: 30.03.2011
REGISTERED R.P.C. 08.04.2011
DURATION: UNLIMITED
END OF FISCAL YEAR: 31.07
AFIP nro 47 de
avda Alvarez Jonte 2376 de la Ciudad de Buenos Aires.
MR. MATIAS PILOTTO
LEGAL ADDRESS: SITA EN: Zarraga 3755 dpto F. Buenos Aires City.
OPERATIVE ADDRESS: Bacacay 3047 Buenos Aires City, Republic of Argentina. C.P.
1406.
Phone: 54.11.4612.8281 and 3
E-mail: info@cottontel.com.ar
PRESIDENT:
PATRICIO VAN DER HORST
DIRECTOR: MARIELA VAN DER HORST
Using of signature: President.
CAPITAL SUBSCRIBED
AND INTEGRATED: $ 12.000
In March 2011 they
began work on the exploitation of a textile industry. To this end they settled
in the reference direction.
Are not known for the moment other operational activity.
The company not
provided financial information to third parties.
The facilities are
rented, surface covered of: 2,000 m2.
> HILADOS S.A.
CREDITS $ 70.000
PAYMENTS 30/60 DAYS.
NORMAL CONCEPT.
> TEXTILE
INDUSTRY
> FACTORY, FABRICS OF KNIT
They take adequate facilities, well presented with good stock of raw materials
and merchandise.
FOREIGN TRADE:
--------------
Importan desde Indonesia e India.
Exportan a la Republica Oriental del Uruguay.-
SUPPLIERS:
----------
> HILADOS S.A.
> TIKVATEX S.A.
* 30 Employees
> CREDICOOP
COOP. LTDO. Branch NRO 065
CREDIT RISK
SEPTEMBER 2013
> BANCO CREDICOOP........$ 3.309.800
SITUATION 1: NORMAL
INSURANCE:
----------
ALLIANZ CIA DE SEGUROS S.A.
The cancellation
of all obligations are performed within certain time periods having no
objections to the actions of the company.
* SUITABLE FOR A CREDIT TRANSACTIONS.
That's how we came
to the conclusion that you can take into account to society for new loans.
For moderate amounts and additional guarantees. -
* SUITABLE FOR CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
UK Pound |
1 |
Rs.100.83 |
|
Euro |
1 |
Rs.85.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.