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Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
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Name : |
CORPORACION LODRA S.R.L. |
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Registered Office : |
25 de Mayo 286 1º 2, Temperley, Buenos Aires Province |
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Country : |
Argentine |
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Date of Incorporation : |
27.07.1989 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Commercialization and Import of Food Additives |
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No. of Employees : |
15 employees |
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 : |
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 (31.03.2011) |
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.
Source
: CIA
CORPORACION
LODRA S.R.L.
C.U.I.T.: 30-63256071-7
BEGINNER OF
ACTIVITIES. INCORPORATED IN 1989. IT DOESN'T REGISTER NEGATIVE. FOR NEW CREDIT TREATMENTE
OPERATE BY MEDIUM AMOUNTS, TAKE APPROPRIATE GUARANTEES.
FOOD ADDITIVES
IMPORT
COMMERCIALIZATION
Business type:
Limited Liability Company
Incorporated: 27/07/1989
Registered: Public Registry of Commerce
Duration: Unlimited
End of fiscal year: December 31st
Afip: Nº 1, Av. Cabildo 999,
CABA
ALICIA MATILDE
JODRA (Manager)
Operative and Administrative address: Girardot 1681 (1427) Buenos Aires City, Argentine
Republic.
Phone: (54-011) 4553-3529
E.Mail: fernando@lodra.com.ar
Legal address: 25 de Mayo 286 1º 2, Temperley, Buenos Aires Province, Argentine
Republic.
Partners:
Alicia Matilde Jodra
Daniel Fantin
Federico Fantin
The first mentioned one, as Manager, is in charge of the management and
administration of the company, with the use of the social signature.
The company's
corporate stock is of $ 120.212, being equally contributed by the mentioned partners.
Personal Information
JODRA ALICIA
MATILDE:
---------------------
Argentinian, married, DNI. 12.472.950.
The company was
incorporated with the objective of performing its current activities, operating
nowadays in the previously exposed address.
On 16/12/2003 Mr Alberto Horacio López (DNI. 10.780.309) left the company and
transfered all its shares (5.000) to the other partners.
This related with the company: INSUMOS DEL PLATA S.A.
Contact has been
taken with Mss ALICIA MATILDE JODRA, who supplied global figures of the Balance
Sheet last known.
CURRENT ASSETS $ 8.750.000
NON-CURRENT ASSETS $ 290.000
9.040.000
CURRENT LIABILITIES $ 6.420.000
NON-CURRENT LIAB. $ 250.000
NET WORTH $
2.370.000
$ 9.040.000
These are considered global figures showed no legal books and declined to give
sales and profit for the year.
It should be mentioned that at present the actions of society shows no bumps
and supported in the media viewed their outlook is stable.
INSUMOS DEL PLATA
S.A.
The company is engaged
in the import and commercialization of food chemical products, industrial
products and medicines directed to manufacturers of foodstuffs, such as juices,
sodas, breads, sweets, sausages, etc., pharmacies, cosmetics and others.
It operates in the previously exposed address, where it has an
appropriate-sized building with its administrative offices, exhibition and
sales area, warehouse, etc.
Its activities are led by the main directors, who work together with 15
employees.
MAIN SUPPLIERS:
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AGB S.A.
INMOBAL NUTRER S.A.
BASF S.A.
RAIMOND (CHINA)
JEBSEN Y JEBSEN GMBH (GERMANY)
RZBC (CHINA)
FOREIGN TRADE:
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In the last twelve months it has carried out imports for a total value of u$s
13.608.404, from the following countries:
CHINA 12.504.670
SPAIN 362.616
HONG KONG 208.448
0THERS 532.670
The main imported products were compounds with nitrogenous functions, etc.
* 15 employees
BANKS:
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HSBC BANK ARGENTINA
BANCO CIUDAD DE BUENOS AIRES
BANCO CREDICOOP
BANCO DE
BANCO SANTANDER RIO
INSURANCE:
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INTERACCION S.A.
PLENARIA CIA. DE SEGUROS S.A.
CREDIT RISK:
------------
NOVEMBER 2012
Pcia Bs.As. $ 745.900
Santander Rio $ 543.800
HSBC
$ 263.600
Nacion
$ 151.000
Credicoop $
200
SITUATION 1: NORMAL FULFILLMENT.
Up to now there
are no negative that couold affect the company's concept.
According to our consultations, it complies in due time the commitments taken.
* FULFILLMENT: WITHOUT OBJECTIONS
We consider
feasible the new credit treatment with this company with additional guarantees.
* FIT FOR CREDITS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.89 |
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|
1 |
Rs.84.92 |
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Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.