MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
OVERSIL S.A. |
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Registered Office : |
Justicia No. 1878, Montevideo,
P O Box 11600 |
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Country : |
Uruguay |
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Date of Incorporation : |
1990 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Import and
commercialization of new and used automobiles and sport motorcycles, as well
as accessories and spares for same. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : OVERSIL S.A.
TAXPAYER REGISTRATION : RUC 211433080017
OPERATING STATUS :
Active
MAIN ADDRESS :
Justicia No. 1878
CITY/PROVINCE :
Montevideo, POBOX 11600
COUNTRY : URUGUAY
TELEPHONE :
(5982)402.0997
FAX : (598)401.9971
E - MAIL : oversil@oversil.com.uy
COMMENTS -
Other email: marsoler@oversil.com.uy
SUMMARY
Incorporation
: 1990
Operating Status :
Active
Finantial Situation
: UNDETERMINED
Employees
: 71
QUALIFICATION
RATING : Poor
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION : 1990
REGISTERED IN :
Montevideo
CURRENT EXCHANGE RATE : Ps$ 24.35 per 1.00 US Dollar
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
SOLER ALFARO, ANDRES President 34%
SOLER NIETO, MARTIN Vice President 33%
SOLER ALFARO, GERMAN Secretary 33%
AZNARES QUINTANA,
DANIEL General Manager
MARTINEZ, GERARDO Sales Manager
RELATED COMPANY(IES)
As far as we know,
Subject is not related with other enterprises.
BUSINESS
MAIN ACTIVITY .-
Import and
commercialization of new and used automobiles and sport motorcycles, as well as
accessories and spares for same.
Workshop service and sell
automotive lubricants and for the agro-industry as well.
Brands: CITROEN, BUELL ULYSSES.
IMPORT : Yes From France and USA.
EXPORT : No
% CASH SALES/METHOD :
Yes
% CREDIT SALES/TERMS :
Yes (terms of 60 days to concessionaires)
SELLING TERRITORY :
All sales are performed in the national
market.
EMPLOYEES : 71
FACILITIES -
Premises
: Own
Use
: Legal domicile, administrative office,
commercial office, showroom.
Remarks
and other Premises -
Subject has a workshop
and a selling branch at Av. Brasil No. 2537, Montevideo.
FINANCIAL INFORMATION
We interviewed Mr. Martin
Soler, Vice President. He provided us some information.
Regarding diclosure of
financial statements he said such information was regarded strictly
confidential. Also it was not possible to obtain Company's financials in
outside sources, situation preventing us from assessing with accuracy their
true financial standing at this point of time.
FINANCIAL SITUATION
: UNDETERMINED
Subject's financial
Position is considered Undetermined since there is insufficient financial
figures to allow an accurate analysis on results. Absence of figures prevents
us from evaluating the relation between debts and shareholder's equity as well
as operative results and there is insufficient credit experience to know its
creditworthiness.
Mostly such refusal to
show financial statements hides financial imbalance, this opinion is not
definitive
INSURANCE –
Company Against Amount Validity
LA UNION DE PARIS All
risk No specified 2007
ALIANZA DO BAHIA All risk
No specified 2007
PAYMENTS RECORD
TRADE REFERENCES –
COMMENTS
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Subject is not active
seeker of local trade credit due to the fact it fully sources from foreign
suppliers (100%).
LIST OF DOMESTIC SUPPLIERS –
Suppliers
listed Alphabetically.
Supplier
BUELL ULYSSES
CITROEN
LUBRICANTES TOTAL
LAWSUITS ? -
No legal actions were
found filed against this Company.
BANKING INFORMATION
BANKERS
Bank Contact
ABN AMRO BANK Lucia
Boix
All banking operations
are performed with that bank, which would not provide further particulars under
confidentiality policy.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)