MIRA
INFORM REPORT
|
Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
NOVAMERICA LEATHER CO. |
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|
|
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Registered Office : |
Rura 27, Km. 10,500,
Rivera |
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|
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Country : |
Uruguay |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
Undetermined |
IDENTIFICATION
CORRECT COMPANY NAME : NOVAMERICA LEATHER CO.
MAIN ADDRESS : Rura 27, Km. 10,500
CITY/PROVINCE/STATE : Rivera
COUNTRY :
URUGUAY
TELEPHONE :
(598)620.2662/820.2862
E - MAIL :
info@novamericaleather.com
WEB SITE :
www.novamericaleather.com (under construction)
COMMENTS -
Former address: Hnos.
Ortiz 278, Rivera, Uruguay.
GENERAL INFORMATION
This report only contains
general information as it was not possible to find Subject Company with the
information provided.
We could visit premises
located at the address you provided but found out Subject Company was not
longer operated there.
After that, we got to
Ruta 27, Km 10.5. Rivera, which is near the Brazilian border. There we got the phone number (598) 620 2662
but input calls are limited and the cellular phone (598) 988 43040 does not
exist. We called and tried to fix an appointment with Martin Duarte, General
Manager or Mr. Lema, but we were advised they were not available at that moment.
Further attempts to contact them again were useless, despite several messages
we left.
Under such circumtances
other sources were consulted where we found only some details. NovAmerica
Leather Co. S.A. is a family-owned company with over 12 years of experience in
collecting cattle hides and sheepskins, only in the best slaughterhouses in
north and centre Uruguay area.
These cattle hides are
possibly one of the best hides in South America.
Main markets of this
Company includes Mexico, Europe and Asia.
Apparently, this company
would not be entered in the Uruguayan Registry of Companies or in the Tax
Bureau.
That is all we can
inform.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)