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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
NAHUELCO S.A. |
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Registered Office : |
San Martin 140 piso 14, Buenos Aires City, Argentine Republic |
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Country : |
Argentina |
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Date of Incorporation : |
10.08.1990 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacturer of Industrial Wire Nettings and Filters |
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No. of Employees : |
35 Employees |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Argentina |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2012 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 2012 the government also further
tightened currency controls in an effort to bolster foreign reserves and stem
capital flight. During 2013, the government continued with a mix expansionary
fiscal and monetary policies and foreign exchange and imports controls to limit
the drain in Central Bank foreign reserves, which nevertheless dropped US $12
billion during the year. GDP grew 3% and inflation remained steady at 25%,
according to private estimates. In October 2013, the government settled
long-standing international arbitral disputes (including with three US firms)
dating back to before and following the 2002 Argentine financial crisis. In
early 2014, the government embraced a series of more orthodox economic
policies. It devalued the peso 20%, substantially tightened monetary and fiscal
policies, and took measures to mend ties with the international financial
community, including: engaging with the IMF to improve its economic data
reporting, reaching a compensation agreement with Repsol for the expropriation
of YPF, and presenting a proposal to pay its arrears to the Paris Club.
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Source
: CIA |
NAHUELCO S.A.
CUIT: 33-50401419-9
Coming soon: BILFINGER WATER TECHNOLOGIES S.A.
INCORPORATED IN 1990. BEGINNER OF ACTIVITIES. CONTINUED WITH
THE NEGATIVE OF PROVIDED BALANCE SHEET. FIT FOR NEW CREDIT TREATMENT OF
PRUDENTIAL IMPORTANCE, TAKE ADDITIONAL GUARANTEES.
INDUSTRIAL WIRE NETTINGS
AND FILTERS
MANUFACTURE
COMMERCIALIZATION
Business type:
Public Limited Company
Incorporated: 1990
Registered: 10/08/1990
Duration:
08/10/2057
End of fiscal year: December 31st
AFIP AGENCIA 66 sita en Avda Cazon 201 de Tigre en
Miss MARIA CESCHIN
(Accountant).
Legal address: San Martin 140 piso 14, Buenos Aires City, Argentine Republic.
Operative and Administrative address: Perdriel 3810 (1646) San Fernando, Buenos
Aires Province, Argentine Republic.
Phone/Fax: (54-11) 4714-6699
E-mail: info@nahuelco.com
President:
LAURA INES GONZALEZ MONDEJAR
Vice-president: TOMAS ALESSANDRO BERTOLINI ZIKA
Director: GABRIEL HORACIO SPENA
Alternate: JULIAN PEREYRA HOLIM
The first two mentioned ones, as Managers, are in charge of the management and
administration of the company, with the use of the social signature.
$ 1.589.541
The company was incorporated
by mid-1990 with the objective of performing its current activities, operating
nowadays in the previously exposed addresses.
It is related with the following companies:
> NAHUELCO CHILE S.A. (Chile)
> WEST WIRE LTDA. (Brazil)
Before has legal address in Avda.Santa Fé 1531, 5º piso, Buenos Aires City,
Argentine Republic.
With dated December 5, 2013 the owner change the name of NAHUELCO S.A. by
BILFINGER WATER TECHNOLOGIES S.A. but not yet started to use it.
Continued with the negative of provided financial
information to third parties.
It isn't known if the company own properties and/or
vehicles.
FAMIQ S.A.
ACERINOX S.A.
Payments: 30,60 and 90 days.
Credits: $ 350.000 annuals.
Concept: Normal.
The company is engaged in
the manufacture and commercialization of industrial wire nettings and filters
for water, operating nowadays in the previously exposed address. Surface
covered of
It has an important infrastructure and organization, where its directors
participate together with the necessary staff.
It carries out imports (60% of its purchases) from Thailand, India, France,
Brazil and Chile. Its exports (50% of its products) are carried out to Brazil,
Uruguay, Peru, Chile, Venezuela, Mexico, Ecuador, Bolivia and Paraguay.
* 35 EMPLOYEES
MAIN SUPPLIERS:
---------------
SEW EURO TRADE S.A.
FAMIQ S.A.
ACERINOX S.A.
FOREIGN TRADE:
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In the last twelve months it has carried out imports for a total value of
u$s.106.160, from the following country:
Pakistan.....................u$s 106.160
BANKS:
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BBVA BANCO FRANCES Branch: Panamericana
BANCO COMAFI Principal Office
It is related with local
and foreign suppliers. Many of them give it their credit support, not making up
to now objections about its payment record.
Bearing in mind the lack
of financial information, for credit treatment with this company by amounts of
prudential importance and additional guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.58.48 |
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1 |
Rs.98.67 |
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Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.