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Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
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Name : |
BARPLA S.A. |
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Registered Office : |
Ingeniero Varela No.1075, Bo.Parque Industrial (9420), Río
Grande, Tierra del Fuego |
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Country : |
Argentina |
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Date of Incorporation : |
01.12.1983 |
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Legal Form : |
Limited Company |
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Line of Business : |
Textile (FACTORY DIRECT NCDs: Modal
viscose, Cotton Satin, Microfiber Raincoat, Tropical, Batista, Dust, Canvas, Friza
Alpaca Jean Camisero stretchy, Jersey 24/1 Polyester Twill Viscose,
Interlock, Taffeta, Satin, Wadding, Matelasse, Camisería. SERVING THE
INTERIOR) |
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No. of Employees : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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Without financial |
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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 : |
No complaints |
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Payment Behaviour : |
Moderate |
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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 – December 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Argentina |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
BARPLA S.A.
CUIT No.: 30-60561637-9
INCORPORATED IN 1984 BEGINNER OF ACTIVITIES.
NOT PROVIDED FINANCIAL INFORMATION TO THIRD PARTIES. IT DOESN'T REGISTER BACKGROUNDS
THAT COULD AFFECT IT. FIT FOR NEW OPERATIONS OF CREDITS AND WITH ADDITIONAL
SECURITIES.
TEXTILE
Legal Form:
Limited Company
Incorporated: 01/12/1983
Registered RPC: 04/05/1984
Duration:
04/05/2083
Balance:
30/11
Afip:
nro 435 Espora 523 Rio Grande. C.P. 9420
Mr. ELIAS DANIEL ABOUD
Legal and operative address: Ingeniero Varela No.1075, Bo.Parque Industrial
(9420), Río Grande, Tierra del Fuego, Argentina.
Phone.: (54-0296) 442-0212
E-mail: eseknow@yahoo.com.ar
barplacaba@gmail.com
President:
META ISAIAS FELIX
Vicepresident: ABOUD RAFAEL
Trustee:
CHALPERN GERARDO DANIEL
Alternate Trustee: CARBALLO ALFREDO ESTEBAN
Use of signature: President and Vicepresident.
SOCIAL CAPITAL $ 15,00.-
META ISAIAS FELIX:
------------------
argentine, married with Emilia Yabra, born in 03/02/1948, LE.No. 4.619.853,
Rabino, with address Lavalle 2925 Buenos Aires City.
ABOUD RAFAEL:
-------------
argentine, married with Silvia Plotka, born in 28/04/
1953, DNI.No. 10.584.387 with address Lavalle 2925 Buenos Aires City.
From the investigations carried out, it
appears that the company owner appears to be the initiator of the activities
being developed and put in place in 1984 to the present operating from
addresses exposed.
It is our understanding that it is an integral part of any economic group or
keep interference components in some other firms based in that or some other
places.
Continued with the negative of not provided
financial information.
BUILDINGS:
---------
The fixed assets of the owner, including the land and buildings occupied by the
Cdad.de Rio Grande, Tierra del Fuego, interesting realizable value.
This property has
Not allowed to contact the appropriate documentation to verify whether such
property is exempt from taxation.
The good of the City of Buenos Aires, is taken on lease by addition and under
conditions not disclosed.
TANATEX ARGENTINA S.A.
---------------------
He was recorded as long-standing customer.
Opera current account amounts varied.
Your purchases ranging in the u$s.400.000 year (average).
Facilities at 30/60/90 days.
Concept and performance: Normal.
TRANSPORTES VESTRINI S.A.:
-------------------------
Customer old.
Its annual operating range in the u$s.500.000.
At present it operates and performs well.
Related to this face of the information, it
should be noted that the holder is principally engaged in the manufacture and
processing of fabrics and knitted flat, operating to the present from the
address exposed.
Of medium importance within the sector, account for it with either mounted
workshop equipped with modern machinery and, of whose care stakeholders are
responsible jointly with the necessary personnel.
Concrete imports from China, Spain and Taiwan among other countries, not being
marked its foray into the export market. Not export.
* 32 employees.
FOREIGN TRADE:
--------------
In the last twelve months in office, has completed imports for u$s 29.095.066
according to the following breakdown:
CHINA .............................. u$s. 29.095.066
ARGENTINA (FREE ZONE) .............. u$s. 8.559.050
TAIWAN ............................. u$s. 1.718.528
OTHERS ............................. u$s. 1.858.787
Liaison office and sales: Tucumán
2352, City of Buenos Aires, Argentina.
Phone 54.11.4961.1755
BANCO DE
BANCO COLUMBIA SA
CREDIT RISK
NOVEMBER 2013
AMERICAN EXPRESS $ 19.600
INSURANCE
---------
SANCOR COOPERATIVA DE SEGUROS LTDA.
Up to now the company has complied in due
time the commitments taken and has a good concept.
* FULFILLMENT: WITHOUT OBJECTIONS
So we understand that it is feasible to
establish new credits, working within appropriate practice with the guarantees
figures.
* SUITABLE FOR CREDITS MODERATE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.66 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)