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Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
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Name : |
VALTER MOTOR S.A. |
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Registered Office : |
San Antonio 1025/49, City of Buenos Aires |
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Country : |
Argentina |
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Date of Incorporation : |
26.09.1988 |
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Legal Form : |
Limited Company |
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Line of Business : |
· Engaged in manufacturing & marketing of automobile parts · Producer of camshafts, connecting rods, bearings, seals and valves, pistons and rings & cylinder heads |
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No. of Employees |
33 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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.
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Source : CIA |
VALTER MOTOR S.A.
CUIT: 30-62839545-0
INCORPORATED IN 1988. ACCOUNTING INFORMATION IS NOT PROVIDED. NO
NEGATIVE. FIT FOR MODERATE CREDITS WITH THE APPROPRIATE GUARANTEES.
AUTO PARTS MANUFACTURING
Legal Form: Limited company
Established: 26/09/1988
Registered: 03/10/1988
Duration: 02/10/2087
End of fiscal yr: 30/09
Legal address:
San Antonio 1025/49, City of Buenos Aires, Argentina.
Phonefax: (54-11) 4105-8000
E-Mail: ventas@veltermotor.com
Operative address
Casa Central (Lin.
Rot.) - San Antonio 1047 (C1276ADO) – Capital Federal, Buenos Aires,
Argentina.
Tel.: (011) 4105 -
8000
Deposit: Villarino 2395,
City of Buenos Aires.
President: MARIA
CRISTINA DEAMBROGGI
Vicepresident: WALTER
LOTTI
Alternate Director: MARINA
LOTTI
The directory that was chosen by Assembly January 31, 2013 and published in the Bulletin de la Republica Argentina Official No. 32779 of December 5, 2013.
DEAMBROGGI MARIA CRISTINA
Argentinian, married, born on 19/06/1956, D.N.I. 12.639.526, Accountant by profession.
LOTTI WALTER
argentinian, married, born on 1956, D.N.I.
11.478.969.
By Deed of September 26, 1988 was established in the City of Buenos
Aires our report.
It was filed in the Public Registry of Commerce on October 3, 1988, No.
6909, Book 105 Companies
For the company's policy not to provide accounting documentation to
third parties, which could not be obtained from other reference sources.
They claim to be owners of their central headquarters and warehouse
operation, showed no evidence title.
Since its inception is primarily engaged in the manufacture of
automobile parts and its marketing.
Produce camshafts, connecting rods, bearings, seals and valves, pistons
and rings & cylinder heads,
Provide these products to major terminals such as Ford, Peugeot and
Toyota.
For such purposes has extensive operational headquarters where employees
work 33.
Its imports from Brazil, India, Germany, China, USA and other countries.
In addition to providing domestic exports to Mercosur countries.
Foreign suppliers:
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Z.F.SACHS (Brazil)
SUSIN FRANCESCUTTI (Italy)
In the past twelve months no imports for u$s 2.199.648 from the
following
countries: China, Turquia, Argentina.
Alferes Bouchard 4170, Munro, Province of Bs.As.
Av.Eva Peron 1921, Concordia, Province of Entre Rios.
Av.Uruguay 4275, Posadas, Province of Misiones.
BBVA BANCO FRANCES
BANCO CREDICOOP
BANCO DE GALICIA
CREDIT RISK - 01/2014-
BANCO DE LA NACION ARGENTINA......................1.475.900
BANCO CREDICOOP................................... 263.800
BANCO DE GALICIA Y BUENOS AIRES................... 59.700
AMERICAN EXPRESS.................................. 49.000
BANCO PROVINCIA DE BUENOS AIRES................... 45.000
Situation 1: normal.
INSURANCE:
--------------------
LA CAJA S.A.
No of any negative background, normally meeting its commercial and
banking commitments.
* NO OBJECTIONS
We believe that moderate amounts with appropriate safeguards, the credit relationship with this company is feasible.
* SUITABLE FOR MODERATE CREDITS
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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UK Pound |
1 |
Rs.102.22 |
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Euro |
1 |
Rs.85.23 |
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 |
-- |
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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.