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Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
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Name : |
LAQI S.A. |
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Registered Office : |
Goncalves Dias 1055, Buenos Aires City |
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Country : |
Argentina |
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Date of Incorporation : |
18.09.1973 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufacturing and Marketing of Chemicals. |
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No. of Employees : |
8 employees. |
RATING & COMMENTS
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MIRAs 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 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 |
LAQI S.A.
C.U.I.T. 30-55876650-2
INCORPORATED IN 1973. FOLLOWER OF ACTIVITIES. CONTINUED WITH THE POLICY
OF NOT PROVIDED FINANCIAL INFORMATION TO THIRD PARTIES. IT DOESN'T REGISTER THAT
COULD AFFECT ITS CONCEPT. FOR MODERATE CREDIT TREATMENT TAKE ADDITIONAL
GUARANTEES.
> MANUFACTURING AND MARKETING OF CHEMICALS.
LEGAL FORM:
CORPORATION
INCORPORATED: 18/09/1973
REGISTERED RPC: 02/04/1975
LEGAL REPRESENTATION REG. NΊ 48263
DURATION:
99 YEARS
BALANCES:
30.6
Legal and operative address: Goncalves Dias
1055, Buenos Aires City. REPUBLIC ARGENTINA
Phone. 54.11. 4302.8706/7211/8664
Fax. 54.11. 4302.8299
E.Mail: info@laqi.com
Web: www.laqi.com
PRESIDENT:
DANIEL RUIZ
V.PRESIDENT:
NORMA MECOZZI DE RUIZ
Use of signature: President and Vice President.
It has been determined through investigations that have been made
that the activities in question were initiated and implemented by this society,
which is governed by legal clauses above.
It is registered to the owner associated with the business name REDOM SA,
currently inactive, and engaged in similar tasks.
Are enrolled in the AFIP, No. 5 Skip floor
Taxpayer is not covered in Industrial Promotion Benefits are established by Law
22021 and their amendments.
Since 1948, is a company dedicated to research, development, production and
marketing of natural and synthetic dyes in liquid and powder form for Medicinal
food industries, developing products with consistent quality allows us to be
one of the leading providers of country and is widely recognized in the
domestic market. At that time operating under a Society made and then
transformed into the present.
In all these years, LAQI Inc. has provided the industry widely Argentina. Your
support, your warranty and your experience, are the virtues that achieve the
basis of continued growth.
LAQI Inc. distinguished by a commitment to working with clients in developing
projects and products according to each of their needs, helping them create
innovative solutions with strong consumer appeal.
Therefore, it LAQI Inc. is a recognized leader in the market for natural and
synthetic dyes for Food and Medical Industry, offering products of the highest
technology and quality, the most experienced technical teams, and a sales staff
that is specially trained in the characteristics and in the use of our
products, offering the best service to all customers.
Continued with the policy of not provided financial information to third
parties.
A society is given possession of the property that has affected the
development of its operations, which has an area of
INMOBAL NUTRER
S.A.
MOLINOS CAΡUELAS S.A.
HENRY HIRSCHEN S.A.
These suppliers tuiene holder of moderate importance assigned credits, which
pay in installments not exceeding 60 days.
To this day canceled the commitments without giving rise to comments and is
well referenced, is the slogan as a customer of several years.
This society is dedicated to the manufacture and marketing of chemicals,
especially those for food industry (bakeries and coffee shops).
For the development of the above steps has the conformation of the necessary
operational structure, with the head of operations responsible for their own,
with all partners 8 employees.
Effected imports from Singapore, Peru, India and Indonesia.
With sales covering the domestic market and often make some exports to Brazil,
Chile and Central American countries.
FOREIGN TRADE:
During the past 12 months management has materialized s imports by $ 133.331
from the following countries:
INDIA 127.328
EE.UU. 6.003
Imported products were:
-----------------------
> Colouring matter of vegetable origin
> Synthetic Organic Products
> Mordant Dyes
Since 1948, LAQI Inc. supplies its products to the following industries:
Balanced Food
Beverages (Juices, Soft Drinks,
Concentrates, etc.).
Wineries and Vineyards
Cereals
Citrus Fruit
Jams
Sausages
Noodles
Refrigerators
Cookies
Icings
Treats
Medicinal Tablets
Fats
Ice cream
inoculant
Syrups
Dairy (Cheese, Yogurt, Milk)
Spirits
Margarine
Seafood
Bakery
Fish
Pet Food
Desserts
Pulps
Sauces
Seeds
Snacks
etc.
MAIN SUPPLIERS:
---------------
INMOBAL NUTRER S.A.
MOLINOS CAΡUELAS S.A.
HENRY HIRSCHEN S.A.
* 8 employees.
BANCO SANTANDER RIO
Head Office
BANCO MACRO
Branch Barracas
BANCO DE
Branch Barracas
INSURANCE:
----------
FEDERACION PATRONAL
LIBERTY S.A.
CREDIT RISK:
------------
01/2013
BANCO SANTANDER $46.000
BANCO MACRO 19.100
SITUATION 1: normal.
To date nothing arises that may affect the business concept of the
company owner, and found through recent checks carried out and has maintained a
proper business conduct in the care of general obligations assumed.
* NO NEGATIVE.
Bearing in mind what has been exposed hereby, fit for moderated credit treatment with this company, with additional guarantees.
* FOR NEW MODERATE CREDIT TREATMENT.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.22 |
|
|
1 |
Rs.84.00 |
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Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
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This score serves as a reference to assess
SCs 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.