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AGRIGULTORES
FEDERADOS ARGENTINOS SOC.COOP.LTDA.
CUIT No.: 30-52571862-6
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Summary
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INCORPORATED IN
1933. IT IS INITIATOR OF THE ACTIVITIES THAT IT DEVELOPS. PATRIMONIAL
SITUATION AS OF 31/10/2011 (LAST KNOWN): A DEBT LEVEL HIGH WITH ADEQUATE
LIQUIDITY AND PROFIT OF CONSIDERATION MAGRA. NO NEGATIVE RECORD
REGISTERED OF IMPORTANCE
THE CHEQUES NO FUNDS ONLY IN APRIL 2014, WHO WERE ERRORS. CONSIDER THE
CREDITS IS SUITABLE FOR THAT RELATE TO YOUR KNOWN RESOURCES, WITH THE
GUARANTEES.
CAUTION REGARDING THE TOTAL OF CHEQUES NO FUNDS.
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Operations
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CEREALS And OILY
AGROCHEMICALS And FERTILIZERS
SEEDS
DERIVATIVES OF OIL
BALANCED FOODS
COMBUSTIBLE And LUBRICANT
COMMISSIONS
CONSIGMENTS
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Legal Structure
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BUSINESS TYPE:
COOPERATIVE LIMITED COMPANY
INCORPORATED: FEBRUARY 10/1933
REGISTERED: Cdad.de Rosario
DURATION: UNLIMITED
END OF FISCAL YEAR: OCTOBER 31
AFIP bajo el Nro. 857 Alvear 149 de Rosario, en la provincia de Santa Fe.
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Contact
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LEGAL ADDRESS AND
HEADQUARTERS: Mitre 1132 (S2000COX), Rosario, Provincia de Santa Fe,
República Argentina.
PHONE: (54-0341) 420-0900 (líneas rotativas)
E-mail: mariela@afascl.com.ar
Website: www.afascl.com
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Partners
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PRESIDENT:
NESTOR PERERA (PERGAMINO)
VICEPRESIDENT: CLAUDIO MAHFUD (ROJAS)
SECRETARY: JORGE PETETTA
(VILLA ELOISA)
PROSECRETARY: DARIO MARINOZZI (BOMBAL)
TREASURER: RAUL MARIANI
(LOS CARDOS)
PRO-TREASURER: SERGIO CUCCO (BIGAND)
VOCAL HEADLINES: HERNAN HERNANDEZ (CASILDA)
RICARDO GALLO (SAN MARTIN DE LAS
ESCOBAS)
OSCAR MUÑOZ (FIRMAT)
CARLOS PAGLIETTA (LAS ROSAS)
JOSE ROSELLI (TORTUGAS)
HORACIO LONGONI (HUMBOLDT)
VOCAL ALTERNATES: BERNARDO LUSARDI (JB MOLINA)
MARCELO
CHINCHURRETTA (CDAD DE GOMEZ)
DARIO BORRI (ARTEAGA)
JESUS SPAGGERO (MAGGIOLO)
ALBERTO CORA (CHOVET)
RECEIVERSHIP:
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In Agricultores Federados Argentinos S.C.L. the Syndicate is constituted by
a Trustee Holder and other deputies, who are elected from among the
Associate Assembly for a term of two years. -
According to the Article 70 of the Statute of the Cooperative, the
Trustee has all the powers precribe Article 79 of Law 20,337 and in the
exercise of his office enjoys the broadest powers to fulfill their
supervisory functions.
At present the Syndicate is composed of:
Treasurer: DR. HERNAN LATTANZI (ROJAS)
Treasurer alternate: C.P. JUAN CARLOS SARASOLA (CASILDA)
The direction and administration of the company is in charge of the first
two mentioned, in your condition Managers using the firm name
interchangeably.
CENTRAL ADMINISTRATION MANAGERS:
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GENERAL MANAGER: GUALBERTO DI CAMILLO
FINANCE MANAGER: MARCELO YEMA
GERENTE ADMINISTRATIVO: MARTIN LORENZATTI
COORDINATION MANAGER: HECTOR ULLA
COMMERCIAL MANAGER: EDGARDO MIRANDA
EXPORTATION MANAGER: ALEJANDRO TERRE
AGROINSUMOS MANAGER: JOSE LUIS NARDI
HACIENDA MANAGER: RICARDO CHARLES
ADVISORY MANAGER LEGAL: ROLANDO RINESI
MANAGER OF SHOPPING AND SERVICES: ALFREDO CPITANELLI
INTERNAL AUDIT MANAGER: EDUARDO MORRI
REQUIREMENTS ENGINEERING MANAGER:IVAN BORSINI
PLANNING MANAGER: LUCAS LARRAQUY
TREASURY MANAGER: DANIEL SCOLLO
TAX MANAGER: JORGELINA
KEKEDJIAN
HUMAN RESOURCES MANAGER: DANIEL RAMOS
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History
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Through the present
review, we refered to a agriculture cooperative company of first degree, founded
on Nov 03/1932 with consolidated presence on the denominated area of
"Pampas húmedas".
Its structure is formed by 26 primary centers coordinated by a Central
Administration located at Ciudad de Rosario, that allows to have presence
in more than 90 localities of the country of Provincias de Santa
Fé, Buenos Aires and Cordova.
This cooperative is the main originator of grains in the country, on a
storehouse of 2.800.000 annual tons, with a capacity to store around
1.600.000 ton.
This way, A.F.A. is recognized as one of the most important company in
the grains market of the country, making possible to the producer the
access to the best conditions of the market.
Its continuity and constant growth are centered in the wealth of
participation of the associates, the efficiency in service, a style of
transparent work, commercial experience and faithful fulfillment of its
obligations.
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Economic-Financial Position
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BALANCE SHEET AS
31.10.2011 (last known):
ASSETS CURRENT $ 1.302.300.064
65,7%
ASSETS NON-CURRENT $ 679.664.098
34,3%
LIABILITIES CURRENT $ 1.086.518.387 54,8%
LIABILITIES NON-CURRENT $ 54.388.434 2,7%
NET WORTH $
841.057.341 42,4%
NET SALES $ 6.509.455.674
100,0%
FINAL UTILITY $ 168.599.420
2,6%
ECONOMIC COMMENTARY:
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Figures expressed indebtedness show somewhat high with adequate
liquidity, having closed the period with a positive operating result of lean
consideration, but normal in this type of entities that have no profit.
In relation to the preceding period of sales growth of 42.3% and an
improvement of the final result of 72.8% is observed.
The actions of the company to date shows no ups and downs and are
qualified stable outlook.
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Balance Sheet
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Balance Sheet/s
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31/10/2011
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31/10/2010
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Total Assets
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$ 1.981.964.162,00
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$ 1.354.469.539,00
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Current Assets
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$ 1.302.300.064,00
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$ 876.036.489,00
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Banks
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$ 0,00
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$ 0,00
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Accounts
Receivables
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$ 0,00
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$ 0,00
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Inventory
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$ 162.290.559,00
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$ 95.286.771,00
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Fixed Assets
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$ 0,00
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$ 0,00
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Non-Current
Assets
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$ 679.664.098,00
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$ 478.433.050,00
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Investments
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$ 0,00
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$ 0,00
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Total
Liabilities
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$ 1.140.906.821,00
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$ 665.877.724,00
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Current
Liabilities
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$ 1.086.518.387,00
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$ 618.769.297,00
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Non-Current
Liabilities
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$ 54.388.434,00
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$ 47.108.427,00
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StockHolders
Equity
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$ 841.057.341,00
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$ 688.591.815,00
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Net Sales
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$ 6.509.455.674,00
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$ 4.573.571.330,00
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Cost of Good
Sold
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$ 6.081.972.467,00
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$ 4.284.398.955,00
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Gross Result
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$ 427.483.207,00
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$ 289.172.375,00
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Administrative
Expenses
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$ 146.192.765,00
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$ 94.204.235,00
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Selling
Expenses
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$ 136.857.560,00
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$ 105.804.672,00
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Financial
Income
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$ 0,00
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$ 0,00
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Other Expenses
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$ 24.166.538,00
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$ 8.415.749,00
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Final Result
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$ 168.599.420,00
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$ 97.579.217,00
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Balance Sheet Analysis
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Indexes
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31/10/2011
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31/10/2010
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Current Ratio
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119,86 %
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141,58 %
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Quick Ratio
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104,92 %
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126,18 %
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Short Term
Indebtedness
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129,18 %
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89,86 %
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Debt to Equity
Ratio
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135,65 %
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96,70 %
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Long Term Assets
to Total Assets
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34,29 %
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35,32 %
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Fixed Assets to
Equity
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0,00 %
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0,00 %
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Total Assets to
Total Liabilities
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173,72 %
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203,41 %
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Debt Ratio
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57,56 %
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49,16 %
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Equity Ratio
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42,44 %
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50,84 %
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Investments to
Assets Ratio
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8,19 %
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7,03 %
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Current
Investment
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65,71 %
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64,68 %
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Stocks Aging Days
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9,74 días
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8,12 días
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Day Sales
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0,00 días
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0,00 días
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Trade Debtors To
Assets
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0,00 %
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0,00 %
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Total Assets
Turnover
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328,43 %
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337,67 %
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Net Worth Aging
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773,96 %
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664,19 %
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Fixed Assets
Aging
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Infinito %
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Infinito %
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Gross Profit
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93,43 %
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93,68 %
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Financial
Expenses on Sales Ratio
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0,00 %
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0,00 %
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Commercial Exp.
on Sales Ratio
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2,10 %
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2,31 %
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Administrative
Exp. on Sales Ratio
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2,25 %
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2,06 %
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Assets
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BUILDINGS:
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Within the fixed assets of the company, good part of the buildings are
occupied by its management which, as a whole, have good market value.
ROLLINGS:
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Account with a high number of movable units affecting its businesses and
on which greater precisions are not offered.
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Evolution and Results
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The company has a
very important infrastructure and good organizaciòn, in which
participates its directors with the necessary personnel.
For one better ilustration in respect to its operating mode, following
are plants in which operates:
ARECIFES: Account with a plant of silos in the locality of Todd with a
capacity of 14,200 ton. a plant in the locality of ViÑA, with
capacity for 24,400 ton.
ARTEAGA: Total capacity of 52,270 tons in Arteaga, Lago Di Como and
Nogales, in silos, cells and sheds with dryers, balances for trucks,
platform of hydraulic unloading, a pneumatic calador, electrical
equipment of ventilation, motors, etc.
BIGAND:
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Facilities with a capacity of 84.949 ton. in plants located in
Bigand, Maizales and Carmen del Sauce.
BOMBAL:
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It has a plant of silos and cells with capacity for 22,473 ton. with
scale for trucks and wagons, dryers, equipment of ventilation, motors,
threads transporter, extractors, etc.
CAÑADA DE GOMEZ:
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Facilities with a capacity of 123.018 ton. located in Cañada
de Gómez and Armstrong.
CAÑADA ROSQUIN:
-------------- Plant of silos and cells with a capacity of 81.180
ton. and another plant in Pueblo Casas with a capacity of 37.700
ton. for silos and cells.
CASILDA:
------- Elevator and facilities with capacity of 168.415 ton.
distributed as follows: Casilda 86.270n ton. in own grounds and railways;
Pujato 42.100 ton and Fuertes 40.045 ton.
CHOVET:
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Elevator and facilities with capacity of 61.150 ton. with weight/scale
for trucks of 80 ton. and two weight/scale for wagons.
FIRMAT:
------ Elevator and facilities with capacity of 80.575 ton. located
over own grounds distributed in Firmat with 79.575 ton. and Dodeken
with 1.000 ton.
HUMBOLDT:
-------- Elevator and facilities with capacity of 50.883 ton.
located on own grounds in cells and silos.
JUAN B.MOLINA:
------------- Elevator and facilities with capacity of 35.886 ton.
distributed as follows: 24.000 ton. in Juan B.Molina; 7.886 ton. in
Cañada Rica and 4.000 ton. in Villa Amelia.
LAS ROSAS:
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Elevator and facilities with capacity of 120.000 ton. in own grounds in
cells, silos and seed plots.
LOS CARDOS:
---------- Elevator and facilities with capacity of 248.108 ton. in
silos and cells where 119.239 ton. are located in plant Los
Cardos; 117.000 tojn. in La Aceitera and 11.869 ton. in Piamonte.
MACIEL:
------- Elevator and facilities with capacity of 58.050 ton. in own
grounds distributed as follows: Maciel 37.040 ton., Aldao 19.810 ton. and
Carrizales 1.200 ton.
MAGGIOLO:
-------- Elevator and facilities with capacity of 34.500 ton.in own
grounds and railways.
MARCOS JUAREZ:
------------- Plant of silos and cells with a capacity of 130.928
ton. in own grounds.
MARIA JUANA:
----------- Grain storehouse in own grounds, with a capacity of
79.000 ton. in silos and cells where 78.000 are located in María
Juana and 1.000 ton. in El Tío.
MONTES DE OCA:
-------------- Elevators and facilities with a capacity of 46.138
ton. in silos and cells.
PERGAMINO:
--------- Elevators and facilities in own grounds and railways
located as follows: Pergamino with a capacity of 22.400 ton; Acevedo with
a capacity of 28.650 ton.; Arroyo Dulce with a capacity of 16.160 ton.;
El Socorro with a capacity of 39.520 ton.; Pinzon 18.200 ton.; Rancagua
40.390 ton. and Santa Teresa 63.000 ton. for a total capacity of 228.320
ton.
ROJAS:
----- Elevators and facilities in own grounds and railways located in:
Rojas 113.190 ton.; Ferré 17.740 ton.; Hunter 5.680 ton.;
Inés Indart 5.340 ton.; Los Indios 8.750 ton. and Rafael Obligado
7.490 ton., for a total capacity of 158.190 ton.
SALTO GRANDE:
------------ Plant of silos and cells with a capacity of
41.610 ton. located as follows: 34.330 ton. in Salto Grande and
7.280 ton. in Lucio V.López.
SAN MARTIN DE LAS ESCOBAS:
------------------------- Storehouses of grains located in own
grounds with a capacity of 101.210 ton. distributed as follows: 15.510
in Sastre; the rest in San Martìn de las Escobas.
SERODINO:
-------- Facilities with a capacity of 29.000 ton. in silos
and cells over own grounds.
TORTUGAS:
-------- Elevators and facilities in own grounds with a capacity of
37.400 ton. in silos and cells.
TOTORAS:
------- Elevators and facilities with a capacity of 92.378 ton.
distributed as follows: 6.160 ton. in San Genaro; 1.000 ton.in Colonia
Médici and 85.218 ton.in Totoras.
VILLA ELOISA:
------------ Elevators and facilities in own grounds and railways
with a capacity of 51.735 ton.
For all this, the company counts with a very important structure and
organization where the directors are in charge with the necessary
personel.
FOREIGN MARKET:
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IN THE LAST 12 MONTHS, IT HAS CARRIED OUT IMPORTS FOR A TOTAL OF u$s
1.003.241 AS FOLLOWS:
CHINE .............................. u$s.921.342
BRAZIL.............................. u$s. 58.579
MEXICO.............................. u$s. 23.320
MAIN SUPPLIERS:
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ATANOR S.C.A.
PETROBRAS ENERGIA S.A.
NIDERA S.A.
MONSANTO ARGENTINA S.A.
SYNGENTA AGRO S.A.
BUNGE ARGENTINA S.A.
MOSAIC DE ARGENTINA S.A.
ROULLIER ARGENTINA S.A.
Y.P.F. S.A.
* 2.600 employees
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Branches
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Italia
500-Pergamino (BA)
Del Indio s/nº, Salto, (BA)
Las Heras 560, Rojas (BA)
Las Heras 552, Rojas (BA)
Roca s/nº, Ines Indart (BA)
Ruta 7 s/nº, Junin (BA)
Avda.Corrientes s/nº, Ferre (BA)
Diagonal Don Bosco s/nº, Ferre (BA)
Lavalle 652 7º, Ciudad de Buenos Aires
Rioja 1474 4º, Rosario, Santa Fe.
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Payment Record and Credit Risk
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> NUEVO BANCO
BISEL S.A.
> BANCO CREDICOOP COOP.LTDO.S.A.
> BANCO DE LA NACION ARGENTINA
> BANCO DE LA
PROVINCIA DE BUENOS AIRES
> BANCO MUNICIPAL DE ROSARIO
> NUEVO BANCO DE SANTA FE S.A.
> BANCO DE GALICIA Y BS.AIRES S.A.
> BANCO DE LA
PROVINCIA DE CORDOBA
> BANCO SANTANDER RIO
> RABOBANK S.A.
> NUEVO BANCO DEL SUQUIA S.A.
> BANCO ITAU S.A.
> HSBC BANK ARGENTINA S.A.
> VEREINS UND WESTBANK
INSURANCES:
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SANCOR SEGUROS S.A.
CREDIT RISK:
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February/2014
BANCO DE LA
NACION ARGENTINA............1.119.525.900
NUEVO BANCO DE SANTA FE................. 154.651.800
BANCO MACRO............................. 111.427.700
BANCO PROVINCIA DE BUENOS AIRES......... 100.000.000
BANCO CREDICOOP......................... 55.559.100
INV Y COM. EXTERIOR..................... 19.665.900
HSBC.................................... 5.000.000
BANCO GALICIA Y BUENOS AIRES............ 2.839.300
BANCO MUNICIPAL DE ROSARIO.............. 1.563.500
BANCO DE CORDOBA........................ 564.900
ICBC.................................... 211.300
Situaton 1: Normal Fulfillment.
LEGAL BACKGROUND:
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Add PARCHMENT 18.02.2013 Encourage trial proceeded before the Court 52050
Cause 003
ARGENTINE against FEDERATED FARMERS COOPERATIVE SOCIETY LIMITED ACTOR:
CANCIO MARIA GABRIELA. WORKING TRIAL.
CHECKS:
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Cheque No. 53494743 Rejected 04/09/14 30,000 Amount Funds Without even no
payment
Cheque No. 55375507 Rejected Amount 6,500 04/08/14 No Funds not yet
registered payment
Cheque No. 55375502 Rejected Amount 6,200 04/08/14 No Funds not yet
registered payment
Cheque No. 55375524 Rejected Amount 3,150 04/07/14 No Funds not yet
registered payment
request explanation of these checks manifesting your accountant is that
an unfortunate error.
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Concept
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Maintains operative
line with national firms and outside the country, much of which will provide
its credit support and indicate that this gives to fulfill their
commitments.
* It has good performance in their credits.
* It affects your image bounced checks in April 2014
* COMPLIANCE: WITH CAUTION.
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Final Opinion
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We have referred to
a cooperative with more than seven decades of performance in the country
with a solid reputation, with all estimates that reaching operate do so
by figures related to their ability to pay, do with care credit debt with
banks of our country and also the checks issued in April 2014.
* OPERATE WITH CAUTION
* WITH ADDITIONAL GUARANTEES.
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