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MIRA INFORM REPORT
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Report No. : |
493501 |
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Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
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Name : |
DALFILM S A |
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Registered Office : |
Pte Frondizi 2501 - Entre Las Calles: : 10y 12, Pilar 1629-Buenos
Aires |
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Country : |
Argentina |
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Financials (as on) : |
31.10.2016 |
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Date of Incorporation : |
13.11.1989 |
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Legal Form : |
Sociedad Anonima |
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Line of Business : |
This company provides single films, multilayer films and laminated
materials for packaging purposes. |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Argentina |
B2 |
B2 |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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. In 2016, the World Bank downgraded
Argentina from a high-income to upper-middle-income economy, on par with
Columbia.
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 below 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, 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 slowed in late 2011 even as the government continued to
rely on expansionary fiscal and monetary policies, which kept inflation in the
double digits.
In order to deal with these problems, the government expanded state
intervention in the economy: it nationalized the oil company YPF from Spain's Repsol,
expanded measures to restrict imports, and further tightened currency controls
in an effort to bolster foreign reserves and stem capital flight. Between 2011
and 2013, Central Bank foreign reserves dropped $21.3 billion from a high of
$52.7 billion. In July 2014, Argentina and China agreed on an $11 billion
currency swap; the Argentine Central Bank has received the equivalent of $3.2
billion in Chinese yuan, which it counts as international reserves.
With the election of President Mauricio MACRI in November 2015,
Argentina began a historic political and economic transformation, as his
administration took steps to liberalize the Argentine economy, lifting capital
controls, floating the peso, removing export controls on some commodities,
cutting some energy subsidies, and reforming the country’s official statistics.
Argentina negotiated debt payments with holdout bond creditors and returned to
international capital markets in April 2016. In September 2016, Argentina
completed its first IMF Article IV Consultation since 2006.
After years of international isolation, Argentina took on several
international leadership roles in 2017, including hosting the World Economic
Forum on Latin America and the World Trade Organization Ministerial Conference,
and is set to assume the presidency of the G-20 in 2018.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
DALFILM S A |
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Trade Name: |
DALFILM S.A. |
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CUIT: |
30-63619715-3 |
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Date Created: |
1989 |
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Date Incorporated: |
13-11-1989 |
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Legal Address: |
Pte Frondizi 2501 - Entre Las Calles: : 10y 12 Pilar 1629-Buenos Aires |
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Operative Address: |
Presidente Frondizi 2501 Pilar, Buenos Aires 1629 Argentina |
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Telephone: |
0230-449-6088 |
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Fax: |
0230-449-6088 |
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Legal Form: |
Sociedad Anonima |
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Email: |
PEDIDOS@DALFILM.COM.AR |
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Registered in: |
ARGENTINA |
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Website: |
www.dalfilm.com.ar |
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Contact: |
Héctor Daniel Gerzenstein, President |
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Staff: |
30 |
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Activity: |
Plastic & Rubber Product Manufacturing |
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Banks
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BANK |
AMOUNT IN AR$ |
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BANCO DE LA
CIUDAD DE BUENOS AIRES |
16185 |
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BANCO COMAFI
SOCIEDAD ANONIMA |
4417 |
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BANCO DE GALICIA
Y BUENOS AIRES S.A. |
6348 |
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BBVA BANCO FRANCES
S.A. |
5457 |
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BANCO DE LA
PROVINCIA DE BUENOS AIRES |
2338 |
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BANCO
HIPOTECARIO S.A. |
14900 |
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BANCO PATAGONIA
S.A. |
5871 |
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BANCO SANTANDER
RIO S.A. |
1005 |
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BANCO
SUPERVIELLE S.A. |
1587 |
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F.F. COMAFI
LEASING PYMES X |
1266 |
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F.F. COMAFI LEASING
PYMES XI |
1188 |
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INDUSTRIAL AND
COMMERCIAL BANK OF CHINA |
572 |
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According to the classification of banking relations of Argentina, the
company operates with level:1. This is the highest classification in the system. It means that
the company/person is fulfilling
correctly its current Credit obligations. There are no rejected checks for the subject, which means an amount
of $0. |
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POSITIVE CHECKS IN AR$ * January 2018 2,000,000.00 * December 2017 3,457,305.10 * November 2017 6,593,151.99 * October 2017 1,090,000.00 * July 2017 600,000.00 * June 2017 600,000.00 * December 2016 160,000.00 * October 2016 74,337.97 * September 2016 67,842.00 * August 2016 67,842.00 * July 2016 67,842.96 * June 2016 450,000.00 |
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History: |
This company was established in 1989. |
PRINCIPAL
ACTIVITY
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This company provides single films, multilayer films and laminated
materials for packaging purposes. |
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Products/Services description: |
PRODUCTS: POLYPROPYLENE FILMS POLYESTER FILMS PET FILMS ARE INTENDED FOR FLEXIBLE PACKAGING CONVERSION. PVC FILMS AND LAMINATES SERVICES: LABORATORY ANALYSIS CUTTING AND TRIMMING SERVICE REWINDING SERVICE ANALYSIS SERVICE |
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Brands: |
DALFILM |
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Sales are: |
Wholesale |
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Clients: |
No |
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Suppliers: |
No records |
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Operations area: |
National |
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The subject employs |
30 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Presidente Frondizi 2501 Pilar, Buenos Aires 1629 Argentina |
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Size: |
NA |
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Branches: |
Leandro N Alem 3136 - (1605) - Munro - Buenos Aires San Vladimiro 3054 Piso 4 - (1642) - San Isidro - Buenos Aires |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
AR $ 1.301.278 |
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Shareholders: |
This is a private company. Its shareholders are: Héctor Daniel Gerzenstein Zulema Isabel Gonzalez Tejada |
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Management: |
PRESIDENT: HECTOR DANIEL GERZENSTEIN VICE-PRESIDENT: ANDRES GUSTAVO GERZENSTEIN DIRECTOR HOLDER: NORA CORINA TESELMAN ALTERNATE DIRECTOR: NICOLAS GERZENSTEIN |
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FINANCIAL
INFORMATION
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We attach latest financial statements |
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LEGAL
FILINGS
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FEDERAL CAPITAL, Ordinary Judgment, Juzg. 011, Sec. 021, Exp. Nro:
022790/14 Cover: KLOCKNER PENTAPLAST DE ARGENTINA SA Actor / s: SILILABEL SA, DALFILM SA - EXTENSION of date: 05/29/17 - Cover: KLOCKNER PENTAPLAST DE ARGENTINA SA Actor / s: SILILABEL SA CUIT 33698986579, DALFILM SA Source: Chamber of Commerce Juzg. 11, Sec. 21 / (RS TG 290517 - 022790
- 14 |
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SUMMARY
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Founded in 1989, Dalfilm S.A. is an organization in the unsupported plastics
film and sheet companies industry located in Pilar, Argentina. It has 28
years of experience in the market. It is a small-sized company which has approximately 30 full-time
employees. This is an ACTIVE company incorporated in ARGENTINA since 1989. |
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RISK
INFORMATION
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·
Number of employees: Between 25
and 35 ·
Total indebtedness financial
system: $ 61,134,000 ·
Total monthly financial system
commitments: $ 2,127,202 ·
Current situation of the BCRA
Debtors Central: 1 In normal situation ·
Total number of consultations:
Last 3 months: 27 | Last 12 months: 96 ·
Registers unpaid employer
contributions as an employer within the last 24 months ·
Last contract Superintendency
of Work Risks with current affiliation, insurer PROVINCIA |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Leandro Raúl |
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POSITION |
Administrative |
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COMMENTS |
He confirmed address, experience, CUIT, website, contact and management.
He also confirmed main activity and employee number. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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ARS |
1 |
INR 3.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.