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Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
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Name : |
BARPLA S.A. |
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Registered Office : |
Ingeniero Varela No.1075,
Bo.Parque Industrial (9420), Rio
Grande, Tierra del Fuego |
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Country : |
Argentina |
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Date of Incorporation : |
01.12.1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and Processing
of fabrics and knitted flat. |
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No. of Employees : |
28 employees. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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Without Financials |
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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 : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Argentina |
B1 |
B1 |
|
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 |
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 a 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 - the largest in history - 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 early 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 has rebounded strongly from the 2009 recession, but the government's continued reliance on expansionary fiscal and monetary policies risks exacerbating already high inflation.
|
Source : CIA |
BARPLA S.A.
CUIT No.: 30-60561637-9
INCORPORATED IN
1984 BEGINNER OF ACTIVITIES. ITS POLICY IS NOT TO SUPPLY FINANCIAL INFORMATION TO THIRD PARTIES. IT DOESN'T REGISTER BACKGROUNDS THAT COULD
AFFECT IT. FIT FOR OPERATIONS OF MODERATED IMPORTANCE AND WITH ADDITIONAL SECURITIES.
TEXTILE
Legal Form: Limited
Company
Incorporated: 01/12/1983
Registered RPC: 04/05/1984
Duration: 04/05/2083
Balance: 30/11
Afip: nro
435 Espora 523 Rio Grande. C.P. 9420
Mr. ELIAS DANIEL ABOUD
Legal and operative
address: Ingeniero Varela No.1075, Bo.Parque Industrial (9420), Rio Grande,
Tierra del Fuego, Argentina.
Phone.: (54-0296) 442-0212
E-mail: eseknow@yahoo.com.ar barplacaba@gmail.com
Liaison office and
sales: Tucuman 2352, City of Buenos Aires, Argentina.
Phone 54.11.4961.1755
Alternate Trustee: CARBALLO ALFREDO ESTEBAN
Use of signature: President
and Vicepresident.
President: META ISAIAS FELIX
Vicepresident: ABOUD RAFAEL
Trustee: CHALPERN GERARDO DANIEL
SOCIAL CAPITAL $ 15,00.-
META ISAIAS FELIX:
argentine, married with Emilia Yabra, born in 03/02/1948, LE.No. 4.619.853, Rabino, with address Lavalle 2925 Buenos Aires City.
ABOUD RAFAEL:
argentine, married with Silvia Plotka, born in 28/04/
1953, DNI.No.
10.584.387 with address Lavalle 2925 Buenos Aires City.
From the investigations
carried out, it appears that the company owner appears to be the initiator of
the activities being developed and put in place in 1984 to the present
operating from addresses exposed.
It is our understanding
that it is an integral part of any economic group or keep interference
components in some other firms based in that or some other places.
Required information aimed
to determine the current financial situation of the owner, tells us that by order of the authorities
that information is not provided to third.
As usual in these
cases, they had to resort to indirect
means with negative results, and was
not found among respondents who were issued with certainty on the matter.
A zonal level is considered
as moderately important company within the area in which it operates which
apparently results achieved so far as to leave no apparent difficulties
unfolding.
They close their exercises
noviembr annually to 30 each year.
BUILDINGS:
The fixed assets of the
owner, including the land and buildings occupied by the Cdad.de Rio Grande,
Tierra del Fuego, interesting
realizable value.
This property has 10,000 m2
of land and buildings.
Not allowed to contact the
appropriate documentation to verify whether such property is exempt from
taxation.
The good of the City of
Buenos Aires, is taken on lease by
addition and under conditions not disclosed.
TANATEX ARGENTINA S.A.
He was recorded as
long-standing customer. Opera current account amounts varied.
Your purchases ranging in
the u$s.400.000 year (average). Facilities at 30/60/90 days. Concept and
performance: Normal.
TRANSPORTES VESTRINI S.A.:
Customer old.
Its annual operating range
in the u$s.350.000.
Credited with facilities
for 30 days.
At present it operates and
performs well.
Both references to
Argentina
Related to this face of the
information, it should be noted that
the holder is principally engaged in the manufacture and processing of fabrics
and knitted flat, operating to the
present from the address exposed.
Of medium importance within
the sector, account for it with either mounted workshop equipped with modern
machinery and, of whose care
stakeholders are responsible jointly with the necessary personnel.
Concrete imports from
China, Spain and Taiwan among other countries, not being marked its foray into
the export market.
* 28 employees.
FOREIGN TRADE:
In the last twelve months
in office, has completed imports for u$s
16,666,272 according to the following breakdown:
CHINA u $ s. 9435668
ARGENTINA (zone) u $ s. 5732589
TAIWAN u $ s. 1240514
OTHER u $ s. 257, 502
BANCO DE LA NACION
ARGENTINA Branch Rio Grande
INSURANCE
SANCOR COOPERATIVA DE SEGUROS LTDA.
Up to now the company has
complied in due time the commitments taken and has a good concept.
FULFILLMENT: WITHOUT OBJECTIONS
We consider feasible the
credit treatment with this company by amounts in accordance with its known
economic-financial resources.
FIT FOR NEW CREDITS CM
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
|
1 |
Rs.83.26 |
|
Euro |
1 |
Rs.71.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
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 |
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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 |
|
<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.