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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
DENTAL MEDRANO S.A. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.04.1988 |
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Legal Form : |
Corporation |
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Line of Business : |
Engaged in importing & marketing of dental supplies |
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No. of Employees : |
30 |
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 : |
Slow but Correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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 |
DENTAL MEDRANO S.A.
C.U.I.T. 30-52187290-6
Ingr.Brutos 01-927668-4
INCORPORATED IN 1988. FOLLOWER OF ACTIVIES. IT DOES NOT PROVIDE UPDATED FINANCIAL INFORMATION. PAYMENT RECORD WITHOUT OBJECTIONS FIT FOR MODERATE CREDIT ON SECURED TERMS.
DENTAL SUPPLIES
IMPORT
MARKETING
Legal Form: Corporation
Incorporated: 1988
Registered R.P.C.: 24/04/1988
Legal Status: Reg.
4279/507905
Duration: 99
years
Balance: 31/12
Data provided in Administration.
Operative and administrative address: Paraguay 3026, Ciudad de Buenos
Aires, Argentina.
Tel.: (54-11)
4962-9000 (lineas rotativas)
Fax.: (54-11)
4963-8553/54
e_mail: licitaciones@dental-medrano.com.ar
* President: GEDIKIAN DANIEL GREGORIO DOMINGO
* Vicepresident: CHAHBALIAN LILIANA CLAUDIA
* Director: PATERNO GUSTAVO MARCELO
The direction and administration of the company agreed to be in charge
of the
first two mentioned, in their condition of Managers, with the use of the
firm
name interchangeably.
DANIEL GREGORIO DOMINGO GEDIKIAN:
argentine, Marital status, DNI 14.252.102
LILIANA CLAUDIA CHAHBALIAN:
argentine, Marital status, DNI 18.140.862
GUSTAVO MARCELO PATERNO:
argentine, Marital status, DNI 13.212.832
According to information before our power, is able to demonstrate that these
businesses were launched in the year 1969 by the firm DENTAL MEDRANO
SCA, which
came to operate without major alternatives to early 1988.
At that time arises as a continuation under the business name and
comments to
the present, is set to the address set forth in the heading.
In order to get them updated accounting elements, was promptly made
contact
with the Administration, who was imposed on the subject.
It stressed that since 1999 has decided to deliver this information
directly to
banks, financial institutions and regular suppliers, as
terminanteatender
declining our request.
As a consequence of this is that it has to resort to indirect means, wherein
tamposo who is issued with a degree of certainty on the matter.
BUILDINGS:
------------------
> Paraguay 3026, Ciudad de Buenos Aires, Republica Argentina.
NO CHARGES.
Commercial
References Consulted
COLTENE GROUP - ALEMANIA
KURARAY AMERICA INC - USA
MICRO DIAMONA TECHNOLOGIES - ISRAEL
Credit Approx. 105,000 usd
Payment date: 30/60/90 days.
Concept: Good.
As was exposed in due course, the holder comes dedicandosea the import
and
marketing of dental articles , activity from the direction it faces
exposed.
For the intended purpose there occupies building of medium size bound
for hall
exhibition and sales , administrative offices and annexes, which is set
in an
area conducive to such activity , given the proximity of various health
care
facilities first class at the national level and , even the Faculties of
Medicine and dentistry .
Of care management activities are responsible together with the
necessary
staff , appreciating in discrete moments of the interview moving
customers.
* 30 EMPLOYEES .
FOREIGN TRADE :
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In the past 12 months performed usd 1.476.732 imports from :
GERMANY 580.063
EEUU 367.661
ITALY 104.980
OTHERS 424.028
* BANCO DE GALICIA Ag.Nro.8
* BANCO DE LA NACION ARGENTINA Branch Azcuenaga
* BANCO CIUDAD DE BS.AS. Branch Medrano
CREDIT RISCK:
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OCTOBER 2013
NACION $ 552.900
GALICIA 204.200
CIUDAD 144.400
AMEX 25.600
Situation 1, Updated.
INSURANCE:
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LIBERTY S.A.
The subject is normally fulfilling its obligations, and no complaints
have been
heard regarding payments from local suppliers or banks.
* WITHOUT OBJECTIONS
The lack of financial information makes us advise to be conservative in
the amounts to be granted and to operate on secured terms for all transactions.
* FIT FOR MODERATE CREDIT ON SECURED TERMS
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
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UK Pound |
1 |
Rs.102.25 |
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Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
-- |
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.