|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARCHROMA ARGENTINA S.A. |
|
|
|
|
Registered Office : |
Avda
Jose Garibaldi 2401 De Lomas De Zamora, Buenos Aires |
|
|
|
|
Country : |
Argentina |
|
|
|
|
Date of Incorporation : |
12.04.2013 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Manufacture,
Import and Commercialization of Industrial Chemicals Products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 |
ARCHROMA
ARGENTINA S.A.
CUIT
NRO 30.71408390.9
COMPANY
ESTABLISHED IN THE YEAR 2013. GENERAL
GOOD PERFORMANCE IN THEIR EARLY DAYS OF
ACTION. NOT EVEN HAVE THEIR FIRST BALANCE. GOOD FIRST COMMITMENTS. (SEE HISTORY) BY THE
TIME GIVE CREDITS MODERATE.
PROVE.DE BUENOS AIRES ARGENTINA
INDUSTRIAL
CHEMICALS PRODUCTS
MANUFACTURE
IMPORT
COMMERCIALIZATION
LEGAL
FORM: CORPORATION
INCORPORATED: 12.04.2013
REGISTERED
R M: 17.04.2013
DURARION: UNLIMITED
BALANCE. 31.12.
MANAGER
RICARDO CIOCCALE
Operational Headquarters Avda JOSE GARIBALDI 2401 de Lomas de
Zamora, Buenos Aires, Argentina.
T.E. 54.11.4239.0707 y 0711
eb.
sergio.marcos@archroma.com
POSTAL
CODE 1836
PRESIDENT: LEANDRO HECTOR
CACERES
VICEPRESIDENT: JORGE RAUL POSTIGLIONE
ALTERNATE
DIRECTOR: LORENA PAOLA
BARTOMIOLI
SHAREHOLDER: GUILLERMO JOSE ANTONIO MALM
GREEN LERNER 95 % AND LEANDRO HECTOR CACERES EL 5 %
CAPITAL
$ 36.603.328
Leandro
Hector Caceres is Argentine, married
nationality, born on February 11, 1972.
As
an illustrative example we note that the headline in April 2013 bought the
textiles division, emulsions and raw
material for paper mills that operated until then the firm Clariant ARGENTINA
SA the same as the SK, CAPITAL band performed worldwide.
Rubrada
of the manufacturing and marketing of textile inputs, emulsions for paints, and raw materials for the paper industry
deals.
ARCHROMA
ARGENTINA SA Society was constituted whose data are detailed granted by Deed
No. 572 on April 12, 2013 at folio 501, Record No. 17967 of which will have
their headquarters in the Autonomous City of Buenos Aires. -ARCHROMA shall have
its headquarters in Switzerland.
After
the closing of the transaction the three businesses were regrouped under a new
company with the name of the rubrada,
who is now a world leader providing products and solutions for the
textile, paper, adhesives and coatings industries.
We
attended Mr. Ricardo Cioccale, do not give figures, the balance for the year
2013 is in preparation.
THE
COMPANY DOES NOT REPORT INFORMATION IN
THIS MATTER.
BANCO
SANTANDER RIO LOMAS DE
ZAMORA
NO
BACKGROUND AGAINST.
They
are connecting on creditworthiness form with some providers.
Referring
to the cancellation of obligations make it orderly.
For
almost a year of activity and is not contradictory recorded history.
*
GOOD BUSINESS TO PROCEED
It
also considers that the holder SUITABLE FOR CREDIT TRANSACTIONS according to
their economic possibilities.
FIT
TO BEGIN TRANSACTION.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.