MIRA INFORM REPORT
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Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GRUPO BERATRADE S.A. |
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Registered Office : |
Carlos F.Melo 2134 2º 90, Florida (Vicente Lopez) Province of Buenos Aires |
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Country : |
Argentina |
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Date of Incorporation : |
20.04.2011 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Import and Marketing of Pharmaceutical Industry Supplies - Representations. |
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No. of Employees : |
5 |
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
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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
Source
: CIA
GRUPO BERATRADE
S.A.
C.U.I.T. Nº 30-71190810-0
INCORPORATED IN
2011. BEGGINER OF ACTIVITIES. NOT PROVIDED FINANCIAL INFORMATION. NO NEGATIVE REGISTERED.
FIT FOR MEDIUM CREDITS, BY HIGH AMOUNTS REQUIRED ADDITIONAL GUARANTEES.
> IMPORT AND
MARKETING OF PHARMACEUTICAL INDUSTRY SUPPLIES - REPRESENTATIONS.
LEGAL FORM:
PUBLIC LIMITED
COMPANY
CREATED: 20/04/2011
REGISTERED RPC: 15/02/2011
DURATION: 99
YEARS
END OF FISCAL YEAR: 31.3
Legal and
dependences operatives address: Carlos F.Melo 2134 2º 90, Florida (Vicente
Lopez) Province of Buenos Aires, REPUBLIC of ARGENTINA.-
Phone: 54.11.4718-2227
E.Mail: silvina.berasay@bertrade.com.ar
PRESIDENT:
MARIA
SILVINA BERASAY
ALTERNATE DIRECTOR: MARIA
BELEN VIDELA
Using of signature: President.
ORDINARY
SHARES:
----------------
SUBSCRIBED AND INTEGRATED $ 12.000.-
MARIA SILVINA
BERASAY
=====================
DNI. 12.889.917, Argentina, married, born 18.2.1959.
MARIA BELEN VIDELA
==================
DNI. 31.932.552, argentina, single, born 7.11.1985.
According to
investigations conducted arises, reference activities were initiated and
implemented by this society, which is governed by the foregoing legal clauses.
It was established by an instrument held April 20, 2011 and is authorized to
carry out the following steps:
CONTAINER TRANSPORT AND APPROPRIATION FRACCIONAMIENTO PAPERS PLASTIC OR METAL
PLATES, GRAPHICS AND FLEXOGRAFIA INDUSTRY, DIE AND PACKAGING ASSEMBLY, HARD
CAPSULES SUBDIVISION OF SOFT, SMALL MEASURING INSTRUMENTS, PHARMACEUTICAL AND
RELATED ITEMS.
Not provided
financial information to third parties.
No has property
own and dependencies that have affected the development of operations are
subject to location clauses.
The society acts
within the aforementioned items with centralization of activities in the
address to be reported.
The company ventured into end product sales pharmaceutical industry for a specific
market, which is the market for the bidding of drugs in Central America, as
well also other pharmaceutical supplies.
Is representative of CONSTANTIA FLEXIBLE, for creating blisters (aluminum &
top and Alu&/Alu formed part of the ACG of India among others.
Centralizes its operations in the direction of the sign where it has achieved
the proper conformation of operational structure.
FOREIGN TRADE:
==============
Import from INDIA, GERMANY, AUSTRIA and SPAIN.
* 5 employees
* HSBC BANK
ARGENTINA
Branch Florida, Province of Buenos Aires.
INSURANCE:
==========
QBE SEGUROS S.A.
To date our
informed has been paying proper attention to the general obligations assumed
and is on good terms mentioned in the operational means they are accustomed.
* NO COMMENTS.
What is expressed
is all that can be reported about this society, and we arrive at the conclusion
that it is a society which can be linked in credit operations, in moderate
amounts usual practice conditions.
When it comes to sums of further consideration, it is advisable to seek
endorsements that provide coverage due to the operation.
* SUITABLE FOR CREDITS.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.70 |
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|
1 |
Rs.91.14 |
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Euro |
1 |
Rs.77.97 |
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.