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Report Date : |
18.08.2014 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIAS EPTA S.R.L. |
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Registered Office : |
Rio Salado 8802 de Loma Hermosa, |
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Country : |
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Date of Incorporation : |
05.05.1978 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
Factory of Valves of Control for the Oil Industry, Gas,
Petrochemical and Related. |
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No. of Employees : |
50 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Argentina |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 2012 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 2012 the
government also further tightened currency controls in an effort to bolster
foreign reserves and stem capital flight. During 2013, the government continued
with a mix expansionary fiscal and monetary policies and foreign exchange and
imports controls to limit the drain in Central Bank foreign reserves, which
nevertheless dropped US $12 billion during the year. GDP grew 3% and inflation
remained steady at 25%, according to private estimates. In October 2013, the
government settled long-standing international arbitral disputes (including
with three US firms) dating back to before and following the 2002 Argentine
financial crisis. In early 2014, the government embraced a series of more
orthodox economic policies. It devalued the peso 20%, substantially tightened
monetary and fiscal policies, and took measures to mend ties with the
international financial community, including: engaging with the IMF to improve
its economic data reporting, reaching a compensation agreement with Repsol for
the expropriation of YPF, and presenting a proposal to pay its arrears to the
Paris Club.
|
Source
: CIA |
INDUSTRIAS EPTA
S.R.L.
C.U.I.T. 30-57015035-5
OPERATED FROM 1978.
NO PROVIDED FINANCIAL INFORMATION TO THIRD PARTIES. NO NEGATIVE REGISTERED. FIT
FOR CREDITS.
FACTORY OF VALVES OF CONTROL FOR THE OIL INDUSTRY, GAS,
PETROCHEMICAL AND RELATED.
LEGAL FORM:
LIABILITY
LIMITED COMPANY
CREATED: 1978
REGISTERED R.P.C. 05.05.1978
DURATION: UNLIMITED
END OF FISCAL YEAR: 31.12.
Afip nro 15 de calle 83 Nro. 2079 de San Martin, Provincia de Buenos Aires.
Mss. MARIA ANGELA FUSETTI
BETZ
Operative address: Rio Salado 8802 de Loma Hermosa, Buenos Aires Province,
Republic of Argentina.
Phone. 54.11.4769.5852 y 3213
E-mail: epa@epta.com.ar
Web: www.epta.com.ar
PARTNERS:
---------------
ROSIO LUIS FUSETTI
MARIA ANGELA FUSETTI BETZ
ISABEL BETZ
SOCIAL CAPITAL $ 190.000
CONTRIBUTIONS: nro 1:
$ 140.300
nro 2: $
45.900
nro 3: $
3.800
ROSIO LUIS FUSETTI:
-------------------
Italian, married, DNI 93.180.449
MARIA ANGELA FUSETTI BETZ:
--------------------------
Argentina, married, DNI 22.784.257
Since 1978 the company maintains a level of quality
international experience and own technology, adopting for the manufacture of
its international product standardization ANSI, ASIM, AISI E ISA among others.
The company not provided financial information to third parties.
When we insisted only agreed to grant annual sales of $
4,000,000.
REAL ESTATE:
------------
Rio Salado 8802 de Loma Hermosa, Buenos Aires Province, Republic of Argentina.
Surface covered
ITASA S.A.
ENERGON S.A.
Payments: 30,60 and 90 days
Credits: u$s 200.000 annuals
Concept: normal
The EPTA brand has achieved a privileged
role of participation in both local and international markets, as major
companies rely on quality, reliability and technological support for all
products of the firm.
Its products are used in industrial fields, oil industry, refineries,
exploitation and transportation of gas, reducing gas plants, food industry,
petrochemical industry, hydroelectric power plants, thermoelectric and others.
* 50 employees.
FOREIGN TRADE:
--------------
Import from Germany and Brasil
Export to India, Siria, Indoneia and others countries of latinamerican.
CLIENTS:
--------
> METROGAS
> TYCO
> PALL
> GASNOR
> AESA
> BUNGE
> TECNA
> PETROBRAS
MAIN SUPPLIERS:
---------------
ITASA S.A.
ENERGON S.A.
JORVICAL ACEROS S.A.
Its products include: control valves, lock valves, pressure regulators
vanvulas, autoguladoras pressure, pilots, pneumatic tools control.Tambien
pressure reducers, pneumatic relays, filters and accessories among others.
BANCO DE
BANCO DE GALICIA Y BUENOS AIRES SUC. SAN MARTIN
COMAFI S.A.
CASA CENTRAL
CREDIT RISK MAY 2014
--------------------
COMAFI PYMES.............$ 765.800
BANCO COMAFI.............$ 92.500
INSURANCE:
----------
BERKLEY S.A.
It is commercially linked
with signatures of this and other places, many of which will provide the credit
support without objections until payment methods it supports.
* COMPLIANCE: no objection.
Considering the lack of
accounting information specifying the current economic and financial position
of the holder, is understood to be interested in reaching their credit
relationship, it must be realized on a firm basis.
* A LEVEL CREDIT TO ACT WITHOUT PROBLEMS, WITHOUT QUIT OF MONITOR YOUR
PERFORMANCE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
Report Prepared
by : |
NIT |
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 |
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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.