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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
CARMAS COMPOSITES S.R.L. |
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Registered Office : |
Humberto 1º 1985, |
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Country : |
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Date of Incorporation : |
25.04.2002 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
Manufacturer, importer and exporter of coatings, paints, resins, additives
and attachments, special fabrics and thermoplastic injection |
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No. of Employees : |
16 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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.
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Source : CIA |
CARMAS COMPOSITES
S.R.L.
C.U.I.T. Nº 30-70798837-8
BEGINNER OF ACTIVITIES, INCORPORATED IN 2002. NO FINANCIAL DATA PROVIDED
TO THIRD PARTIES. NO NEGATIVE REGISTERED. APT FOR MODERATE CREDITS AND ADDITIONAL
GUARANTEES.
EPOXY RESIN
CARBON FIBER
KEVLAR FABRICS
EPOXY ADHESIVES
IMPORT.
MARKETING.
LEGAL FORM: LIABILITY LIMITED COMPANY
CREATED: 25.04.2002
REGISTERED RPC: 05.05.2002
DURATION: 99 YEARS
END OF FISCAL YEAR: 31.12
AFIP: Nº 43 -
RIVADAVIA 2499, CABA.
Legal address: Humberto 1º 1985, Buenos Aires City.
Operative address: Del
Barco Centenera 2957, Buenos Aires City.
Phone. 4919-4900
Web: www.carmas.com.ar
PARTNERS:
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* AZUCENA HAYDEE CASTETBON DE CALVO
* MARCELIO CARLOS CALVO
Using of signature: Partners.
Social Capital: $ 1.000.-
AZUCENA HAYDEE CASTETBON DE CALVO:
----------------------------------
argentina, 78 years old, DNI. 1.937.969, widow, with address in Juncal 1978
planta baja A, Buenos Aires.
MARCELO CARLOS CALVO:
---------------------
argentino, 51 years old, DNI. 14.222.913, with address in Juncal 1978 planta
baja A, Buenos Aires.
The activities in question were initiated
and implemented by this society, which is governed by the foregoing legal
clauses.
No to the components of the company in the development of other activities and
has no knowledge that this company is linked to other firms, operant nationally
and abroad.
According to what concerns the social contract, the company is authorized to
perform the following steps: MANUFACTURE, IMPORT AND EXPORT OF COATINGS,
PAINTS, RESINS, ADDITIVES AND ATTACHMENTS, SPECIAL FABRICS AND THERMOPLASTIC
INJECTION.
Unable to obtaining the company's accounting
data.
Inquiries made ??through third commercially determine which acts normally,
within a sphere of great importance, admitting that appropriate benefits are
obtained.
A society is given possession of the property on which sits their
central units, while the premises occupied by the branch is located sujero to
location clauses.
Company operates within the lines mentioned,
having made ??appropriate operational structure.
He is currently 16 employees, being observed that maintains adequate stock of
merchandise for sale.
Among other markets the following products:
-Polyurethane molds.
-Polyurethane prints
-Wax mold release.
-Infrared Thermometers.
-Tojeras Kevlar.
-Rubbers copied.
-Kevlar thread.
-Epoxy-glass.
-Carbon fabrics.
-Hollow Glass Microspheres
And others.
HABITUAL SUPPLIERS:
===================
VACMOBILES COM LTDA. (USA)
THERMHEX WABEN GMBH (GERMANY)
* 16 employees
- Avda.Mitre 562, Munro, Buenos Aires
Phone: 4761.2625/2825
BANCO CREDICOOP
Branch Pompeya
INSURANCE:
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SEGURCOOP LTDA.
It is commercially related to companies of
this one and other places, good part of which offer its credit support without
making until the moment objections on the modes of payment that it sustains.
* FULFILLMENT: NOT OBJECTED.
The lack of negative antecedents makes
viable the credit relation with the company, by moderate amounts and additional
guarantees.
* APT FOR CREDITS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
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UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report Prepared by
: |
MNL |
RATING EXPLANATIONS
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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 |
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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.