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Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
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Name : |
LADISLAO BERKES S.A. |
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Registered Office : |
Avenida Velez Sarsfield 5514, Munro, Buenos Aires. |
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Country : |
Argentina |
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Date of Incorporation : |
11.09.2007 |
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Legal Form : |
Corporation |
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Line of Business : |
Flexographic Printing |
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No. of Employees : |
68 |
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Argentina |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 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 |
LADISLAO BERKES
S.A.
CUIT Nº 30-7212967-7
HEADLINE TOUR COMPANY SINCE 2007, AS A CONTINUATION OF OPERATIONS WAS
STARTED IN 1974 MR. AGUSTIN LADISLAO BERKES. NOT PROVIDED BALANCE SHEET. NO NEGATIVE.
FIT FOR CREDITS OF MEDIUM IMPORTANCE WITH THE APPLICATION OF GUARANTEES.
FLEXOGRAPHIC PRINTING.
LEGAL FORM:
CORPORATION
INCORPORATED: 11.09.2007
Registered RPC: 01.11.2007
DURATION: 99 YEARS
BALANCE: 31.7
Registered
office and operational:
----------------------------------
Avenida
Velez Sarsfield 5514, Munro, Buenos Aires.
Fax: 5411 4756.3215/4271
E·.Mail: lberkes@l-berkes.com.ar
PRESIDENT: LADISLAO COLOMAN AGUSTIN BERKES
ALTERNATE DIRECTOR: EVA MARIA VALERIA BERKES OF KOLB
Using signature: It is the responsibility of the President.
Common stock:
Subscribed and paid in $ 100,000. -
LADISLAO
COLOMAN AGUSTIN BERKES
--------------------------------
Argentine,
single, born on 21.10.1937, ID. No 10984122, with registered address at Calle
EVA MARIA VALERIA BERKES OF KOLB
---------------------------------
Argentina, married, born April 10, 1944, DCI. 6,249,927, registered address
at Calle Pridiliano Pueyrredon 1454, Martinez, Buenos Aires.
Holder society is governed by deed dated September 11, 2007, and is
enabled to develop the following activities: FOLIAS FLEXIBLE PRINTING AND / OR
FOR THE PHARMACEUTICAL INDUSTRY sealable, COSMETIC AND FOOD CHEMISTRY AND
RELATED ACTIVITIES DIRECTLY RELATED OR INDIRECTLY WITH THIS BUSINESS.
Of note, these commercial operations had been initiated in the year 1974 by Mr.
Ladislao Coloman Agustin Berkes in the year 1974, who acted in front of the
same conformation as the successor to our informed.
No to members of society in the development of other commercial activities.
Although mentioned to the company ACG PHARMAPACK of India as applicant.
The company not provided financial information.
We are not aware of alternatives unfavorable and assigned stable outlook.
VEHICLES:
---------
A
society is the owner of a vehicle refers utilitarian Mercedes Benz Sprinter
2010 model without taxes.
REAL ESTATE:
------------
The building occupies the property is privately owned graphic of the
Chairman of the Board and has significant value realization.
Area occupied about
Society operates in comment to the
development of the activities mentioned above, with appropriate operational
structure, having made a good portfolio of clients nationwide.
At the head of the operations is the main responsible person of proven adequacy
within the sector, with 68 employees who work together.
FOREIGN TRADE:
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Make import of various raw materials and inputs from the following
countries: Spain, Germany, Switzerland, Brazil and the United States.
The general development is good and the optimal results.
MAIN SUPPLIERS:
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ALUAR ALUMINIO ARGENTINO S.A.
ENVASES DEL PLATA S.A.
BELCAR S.A.
* 68 EMPLOYEES.
BANCO SANTANDER RIO
BANCO DE
Munro Branch
INSURANCE:
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MAPFRE SA
It covers general risks on goods that make up the asset.
Until this has been keeping a proper
attention to the general obligations assumed and is well referenced in what
their usual means of acting.
* NO NEGATIVE RECORDS.
We believe that this is finally a society
which can be linked in credit operations, in moderate amounts in condicioones
practice.
* SUITABLE FOR NEW MODERATE CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.81 |
|
Euro |
1 |
Rs.73.68 |
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 |
|
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 |
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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.