|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
COMPAÑIA TEXTIL DEL PLATA S.A. |
|
|
|
|
Registered Office : |
Nazarre 2961, 6th floor "A", Buenos Aires City |
|
|
|
|
Country : |
Argentina |
|
|
|
|
Date of Incorporation : |
14.04.1953 |
|
|
|
|
Com. Reg. No.: |
5.818 |
|
|
|
|
Legal Form : |
Stock corporation |
|
|
|
|
Line of Business : |
manufacturer of synthetic fiber yarn and silk |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Argentina |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
COMPAÑIA TEXTIL DEL PLATA S.A.
CUIT: 30-50360200-4
BEGINNER OF ACTIVITIES, INCORPORATED IN 1953. CONTINUED WITH THE NEGATIVE OF NOT PROVIDED FINANCIAL INFORMATION. FIT FOR CREDITS.
NACE 17.1
TEXTILE
SPINNING
INDUSTRIALIZATION
Business type: Stock
corporation
Incorporated: 14/04/1953
Registered: 04/05/1954
Registration No.: 5.818
Duration: 99
years
End of fiscal year: 30/06
Mrs. Graciela Carmona (administration)
Legal and commercial address: Nazarre 2961, 6th floor "A",
Buenos Aires City.
Administration and industrial plant: Avenida 101, 2896 (1650) San
Martín,
Buenos Aires province, Argentina.
Phone: (54-11) 4752-0196
Fax: (54-11) 4754-1480
E-mail: gracarmona@hotmail.com
E-mail: info@txdelplata.com.ar
Chairman: FRYDMAN SZEJNA
Vice-chairman: FELDMAN HECTOR ALBERTO
Director: OVSEJEVICH VIVIANA
Director: OVSEJEVICH MIRTA RAQUEL
Director silent: GOLDSMIDT ROBERTO
Social sign use: direction, administration, and use of the social sign
in
charge of the chairman and/or vice-chairman in indistinct form, being
able also
to act by power designated managers.
FRYDMAN SZEJNA
Argentine, widow, DNI: 18.265.563
FELDMAN HECTOR ALBERTO
Argentine, married, LE.: 4.513.680
OVSEJEVICH VIVIANA
Argentine, married, LC.: 6.221.413
It is not known if their directives are registered with participation in
other commercial societies.
Beginner of activities, was registered on April 1953, being registered
at
Public Commerce Register, in Buenos Aires City, on May, 4th, 1953, under
register No. 5.818.
In our society dependencies agent was attended by Ms. GRACIELA CARMONA,
responsible for administrative depertamento, who showed that for
determination
of the partners does not provide accounting data of any kind.
From the inquiries made ??through third parties, it appears that it
operates
within a reasonable area of ??importance, but until this becomes known
ups and
downs in their development.
As the results are judged compensatory resources turn to exploitation.
Real Estates:
-------------
Ave. 101 No.2896, San Martín, Buenos Aires city.
Surface: 6000 sq. meters
Probatory titles weren´t exhibited.
Vehicles:
---------
The company has a Ford truck F-4000-model affected the development of
operations.
Activity linked to the textile industry, this firm since its inception,
is
specially dedicated to the manufacture of synthetic fiber yarn and silk,
which
markets directly and through zonal representatives in all of Argentina.
Maintains its industrial and commercial offices, at the address
indicated
above, covering in their operational areas, a campus job, which at
present is
composed of 50 people.
FOREIGN TRADE:
--------------
Make imports from India, Brazil, Turkey, Italy and Belgium. Sales are
directed
exclusively to the domestic market where it has made ??good client base.
In the last 12 months in office has materialized s imports for u$s
1,368,229
from India.
The main imports were: synthetic fiber yarn, auxiliary machinery for the
textile and related items.
MAIN SUPPLIERS:
===============
MANUFACTURE OF TEXTILE FABRICS SA
Payment Record and Credit Risk
Banks:
------
BANCO DE LA NACION ARGENTINA (San Martin branch)
BANCO CREDICOOP COOP. LTDO. (San Martin branch)
Insurances:
-----------
LIBERTY A.R.T.
CREDIT RISK:
-----------------
12/2012
BANCO CREDICOOP $ 136.400
Situation 1, normal.
Company of good fulfillment to its commercial and bank commitments, not registering backgrounds that could affect its concept.
* NOT OBJECTIONS.
We consider feasible its credit treatment by amounts in relation to your
resources known.
FIT FOR NEW CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
UK Pound |
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
---- |
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.