MIRA INFORM REPORT
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Report Date : |
05.08.2011 |
IDENTIFICATION DETAILS
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Name : |
FOVEDAN S.A. |
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Registered Office : |
Colonia 909 Dpto. 302, Montevideo |
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Country : |
Uruguay |
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Date of Incorporation : |
06.07.2009 |
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Com. Reg. No.: |
Entry: 8979 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
industrialization, marketing, merchandise, rental
of goods, works, services |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment
Behaviour : |
--- |
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Litigation : |
--- |
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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Uruguay |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION
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CORRECT
COMPANY NAME |
:
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FOVEDAN S.A. |
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TRADE
NAME |
:
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N/A" |
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TAXPAYER
REGISTRATION |
:
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RUT 216.347.120.015 |
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MAIN
ADDRESS |
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Colonia 909 Dpto. 302 |
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POSTAL
CODE |
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N/A |
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CITY |
:
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Montevideo |
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DEPARTMENT/STATE |
:
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Montevideo |
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COUNTRY |
:
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URUGUAY |
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TELEPHONE |
:
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29025664 |
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FAX |
:
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N/A |
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WEB
SITE |
:
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N/A |
COMMENTS
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E-mail Mr. Federico Carrau.
SUMMARY
FOUNDATION :
2009
SALES :
0.00
PAYMENTS :
Without rating (No payment experience traced)
CHIEF EXECUTIVE :
VIVO BRUCE, JAIME ALBERTO
DISPOSITION :
Report prepared through third-party sources.
LEGAL
BACKGROUNDS
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LEGAL
ESTATUS |
:
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Joint-Stock Company |
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DATE
OF INCORPORATION |
:
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06JUL2009 |
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START
OF OPERATIONS |
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N/A |
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REGISTERED
IN |
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Montevideo |
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NOTARY
OFFICE |
:
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Graciana Verónica Vila
Salles |
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DURATION |
:
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100 years |
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REGISTRATION |
:
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Entry: 8979 |
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INITIAL
CAPITAL |
:
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Ps$400,000.= Pesos |
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CURRENT
PAID-IN CAPITAL |
:
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N/A |
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LAST
CAPITAL INCREASE |
:
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N/A |
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SHAREHOLDERS'
EQUITY |
:
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N/A |
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TYPE
OF SHARES |
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Registered. |
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LISTED AT STOCK EXCHANGE |
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No |
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SHARE
VALUE |
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N/A |
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CURRENT
EXCHANGE RATE |
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Ps$18.33 per 1.00 USADollar |
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MEMBERSHIP |
:
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N/A |
COMMENTS
.-
There is no current annual certificate of good
standing of this company.
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
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FULL
NAMES / COMPANY NAME |
TITLE |
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VIVO BRUCE, JAIME ALBERTO |
President |
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CARRAU, FEDERICO |
Accountant |
WHO
IS WHO?
VIVO
BRUCE, JAIME ALBERTO
NATIONALITY : Uruguayan
DOC OF IDENT. : IDE 1.639.169-7
HOME ADDRESS : Ruta 1 Km 122 Colonia Valdense
TLF :
43493141
BACKGROUND INFORMATION .-
September 3, 2002: San José - Courts of First
Instance - 2nd Shift - EDICT AUCTION - By order of Mrs. Judge of First Instance
of San Jose, second shift court, "BANCO DE LA REPUBLICA ORIENTAL DEL
URUGUAY SRL, against FERNANDEZ MONTES DE OCA, Alexis and VICO BRUCE, Jaime
Alberto. FORECLOSURE "FILE 280/1999 is hereby given that on 16 September
2002 at 15.00 hour in the premises of street Dr. E . G. Ciganda N º 617 of the
city of San José de Mayo, will go on sale at public auction through the
Auctioneer Richard H. Sellanes, assisted by Mrs. Sheriff, baseless, and to the
highest bidder the following properties: A) fraction field, with their
populations, hills, fences and other improvements on it, located on Fifth
Section of Cadastre of San Jose, rural
area, registration number 1.013 today, before even in more area with the same
number, designated as fraction "2B" at the map of the Surveyor
William Amonte Tisnes of July 26, 1997, enrolled in the Departmental
Directorate of Land Registry of San Jose with the number 7785 on 28 August of
that year, with an area of 60 hectares 2.468 meters .
B) fraction field and improvements located on Fifth
Section of Cadastre of San Jose, rural area, designated with the number 12.600
before in even more area with the number 1.013, designated as fraction number 1
in the map of the Surveyor Alberto Davyt October 1957, registered at the
Directorate General of Land Registry under number 1302, on March 25, 1958, with
a an area according to title and map of 51 hectares 7,170 meters. The highest
bidder must deposit 30% as a sign of its offer at the time being accepted. 2nd)
Must be aware of the cost of acquiring deed, certificates and tax law designates.
3rd.) The ownership titles are deposited in this Office available to interested
parties. 4th) The auctioneer's commission is 3% plus VAT to the buyer and taxes
levied on national and provincial auctions and for the selling plaintiff 1%
plus tax charges on commissions and VAT. And the legal effects of these
publications are recorded. San Jose, August 15, 2002 .- ESC. SANDRA BENEDITTO,
Deputy Clerk.
June 17, 2003: San José - Courts of First Instance
- 2nd Shift - EDICT OF AUCTION: As instructed by Ms: Judge Ltdo. 1st. Instance
of San Jose, 2nd shift in court records: "B.R.O.U. C / CRONICAR
SA-FERNANDEZ MONTES DE OCA, ALEXIS - VIVO BRUCE, JAIME ALBERTO AND ESTMEN
S.R.L. WRIT PROCESS .- FILE 443/1999 is hereby announced that on 25 JUNE 2003
at the hour 14:00, the local magistrate of the 5th Judicial Section of San Jose
(Ecilda Paullier) route 1 kmt. 102 goes on sale through the auctioneer Mr Mario
Berriel Frontan, Mr: Sheriff's Headquarters, baseless and to the highest bidder
the following assets: TRUCK Chevrolet chassis 14,000 no. 986783 NWTSC 001139, 6
cylinder diesel engine TU88338 000089 A,
for 9,000 kgs of cargo, enrolled with the No. 115648 and registered No. 215151
in the department of San Jose and a metal box with hydraulic dumper of 8 m3
capacity built into it - TRASCAVATOR, JCB no. 109172-384 B 191620, tractor
22777 4-cylinder diesel engine, 9 x 16
and 18.4 x 26 with hydraulic front loader and hydraulic backhoe with two spoons
30 60 cm .- IT IS WARNED 1) The highest bidder must deposit 30% upon being
accepted offer. 2) To be borne by the buyer the auctioneer's commission (10%)
case (2%) plus VAT and national and provincial taxes. 3) That the vehicle title
are available for review by interested parties 4) That the fines and patents
that are due will be charged to the buyer. and for legal purposes these
publications are issued. San Jose, MAY 26, 2003 .- Adriana Bozzolasco, Actuary
The subject individual had bank account in two
institutions with suspension of 6 months.
CARRAU,
FEDERICO
BUSINESS
HISTORY
AGROSAJA S.R.L.
Purpose:
farm.
Partners: Santiago Bono Mayobre, Manuelita Vecino
Labat. Administrator: Jaime Vivo Bruce.
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
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COMPANY NAME |
COUNTRY |
RELATION |
|
AGROSAJA S.R.L. |
URUGUAY |
Related |
BUSINESS
MAIN
ACTIVITY .-
Purpose: industrialization, marketing, merchandise,
rental of goods, works, services: food, home, office, automotive, household
goods, rubber, construction, cosmetics, leather, publishing, electronics,
electrical engineering, education, entertainment, hardware, photography, fiber,
fruit of the land, hotel, printing, computer, jewelry, toys, wool, laundry,
library, cleaning, timber, machinery, mechanics, metallurgy, music,
engineering, optics, paper, perfume, fish, plastic, advertising, chemical,
professional servicesl, technical, administrative,
tobacco, textiles, tourism, securities, clothing, veterinary
glass.
Imports, exports, representations, commissions, consignments. Sale, purchae,
lease administration, construction, real estate operations, except in rural
areas. participation inestablishment or acquisition of companies operating in
preindicated branches.
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%
CASH SALES/METHOD |
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N/A |
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%
CREDIT SALES/TERMS |
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N/A |
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%
FOREIGN SALES (COUNTRIES) |
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N/A |
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%
DOMESTIC PURCHASES |
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N/A |
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%
FOREIGN PURCHASES |
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There is no current annual
certificate of good standing of this company. |
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SELLING
TERRITORY |
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N/A |
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EMPLOYEES |
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N/A |
LOCATION
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Premises |
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N/A |
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Monthly
Amount |
:
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N/A |
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Time
Occupied |
:
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N/A |
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Area |
:
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N/A |
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Floors |
:
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N/A |
Remarks and other Premises .-
The address in the heading of report corresponds to
main offices of Estudio Martin Valdez y Vecino (accounting office).
FINANCIAL
INFORMATION
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Interviewee(s) |
:
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Third-party sources |
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Position(s) |
:
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N/A |
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Cooperation |
:
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Report prepared through
third-party sources. |
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Information
Provided |
:
|
We contacted Mr. Vivo who said that to obtain information about
the company Fovedan SA we should contact the
Estudio Contable VMV (Accountant's Office). We did and the Accountant
Mr. Carrau reported to provide information must request authorization from
the ultimate shareholder of the company. Mr. Carrau confirmed having sent the
request for information, but to date we have not received a definitive
response. |
FINANCIAL
SITUATION : UNDETERMINED
The financial position of the company is considered
to be undetermined because of not having financial elements that allow an
analysis of their results.
This is a company established in 2009, with which
suggest to deal with caution and appropriate guarantees given the limited
information obtained.
PAYMENTS
RECORD
CREDIT HISTORY .-
Since no information was directly provided by the
company under investigation, it was not possible to learn the names of the
suppliers and banks they deal with, while search in outside sources proved
futile, and thus it has not been possible to evaluate its pay records.
BANKING INFORMATION
The bankers for FOVEDAN S.A.
could not be established.
Cheked with main banks by did not provide any
information in compliance with the bank secrecy act.
CREDIT
OPINION
Requested
Credit : MAXIMUM
A credit opinion can not be given due to the lack
of financials and payment experience.
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
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UK Pound |
1 |
Rs.72.70 |
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Euro |
1 |
Rs.63.55 |
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 |
|
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 |
|
<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.