MIRA
INFORM REPORT
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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
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Name : |
COTO C.I.C.S.A. |
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Registered Office : |
Paysanduº 1842, Buenos Aires, C1416CDP |
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Country : |
Argentina |
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Year of Establishment : |
1970 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Meat packing and processing |
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No. of Employees : |
15,162 |
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 : |
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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Company name & address
Coto C.I.C.S.A.
Paysanduº 1842
Buenos Aires, C1416CDP
Argentina
Tel: 54 (11) 4586 7777
Fax: 54 (11) 4584 0237
Web: www.coto.com.ar
Synthesis
Employees: 15,162
Company Type: Private
Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Inversora Coto S.A.
Incorporation Date: 1970
Financials in: USD
(Millions)
Reporting Currency:
Argentine Peso
Annual Sales: 1,447.0
Total Assets: NA
Business Description
Meat packing and processing
Industry
Industry Food Processing
ANZSIC 2006: 1111 - Meat
Processing
NACE 2002: 1511 - Production
and preserving of meat
NAICS 2002: 311611 - Animal
(except Poultry) Slaughtering
UK SIC 2003: 1511 - Production
and preserving of meat
US SIC 1987: 2011 - Meat
Packing Plants
Key Executives
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Name |
Title |
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Alejandro Vivanco |
C.E.O. |
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Guillermo Ananos |
Development Manager |
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Daniel PadÃn |
Director de Sistemas |
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Diego Alfieri |
Gerente de Calidad, Seguridad |
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Gustavo Castro |
Encargado de Liquidaciones |
1 - Profit & Loss Item Exchange Rate: USD 1 = ARS 4.317857
2 - Balance Sheet Item Exchange Rate: USD 1 = ARS 4.542
Corporate Overview
Location
Paysanduº 1842
Buenos Aires, C1416CDP
Argentina
Tel: 54 (11) 4586 7777
Fax: 54 (11) 4584 0237
Web: www.coto.com.ar
Sales ARS(mil): 6,247.8
Assets ARS(mil): NA
Employees: 15,162
Industry: Food
Processing
Incorporation Date: 1970
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
C.E.O.: Alejandro
Vivanco
Contents
Industry Codes
Business Description
Financial Data
Industry Codes
ANZSIC 2006 Codes:
1111 - Meat Processing
NACE 2002 Codes:
1511 - Production and preserving of meat
NAICS 2002 Codes:
311611 - Animal (except Poultry) Slaughtering
US SIC 1987:
2011 - Meat Packing Plants
UK SIC 2003:
1511 - Production and preserving of meat
Business
Description
Meat packing and processing
More Business Descriptions
Retail Supermarket
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Corporate
Family |
Corporate
Structure News: |
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Coto
C.I.C.S.A. |
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Coto C.I.C.S.A. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Inversora Coto S.A. |
Parent |
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Coto Centro Integral De Comercializacion
S.A. |
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Retail (Grocery) |
2,047.4 |
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Coto C.I.C.S.A. |
Subsidiary |
Buenos Aires |
Argentina |
Food Processing |
1,447.0 |
15,162 |
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Executive report
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Board of
Directors |
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Chairman |
Chairman |
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Executives |
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C.E.O. |
Chief Executive Officer |
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Encargado de Liquidaciones |
Human Resources Executive |
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Gerente de Recursos Humanos |
Human Resources Executive |
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Corporate Affairs Manager |
Public Relations Executive |
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Encargada de Publicidad |
Public Relations Executive |
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Director de Sistemas |
Information Executive |
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Director Comercial |
Commercial Executive |
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Development Manager |
Planning Executive |
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Gerente de Calidad, Seguridad |
Quality Executive |
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Vicepresidente |
Other |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.94 |
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UK Pound |
1 |
Rs.86.24 |
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Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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.