MIRA INFORM REPORT

 

 

Report Date :           

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

METROPOLITANA S.A.

 

 

Registered Office :

8 de Octubre 3007 (Frente al Hospital Militar), Montevideo

 

 

Country :

Uruguay

 

 

Year of Establishment :

1977

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Import and trading of carpets and rugs, mats, modular carpets, moquette, felt, floating floors, vinyl  rubber flooring, grass, accessories

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 20,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Uruguay

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

IDENTIFICATION                                                                                                                                 

 

CORRECT COMPANY NAME

:

METROPOLITANA S.A.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RUT 210196570018

MAIN ADDRESS

:

8 de Octubre 3007 (Frente al Hospital Militar)

CITY

:

Montevideo

DEPARTMENT/STATE

:

Montevideo

COUNTRY

:

URUGUAY

TELEPHONE

:

4876095

FAX

:

4873493

WEB SITE

:

www.metropolitana.com.uy

 

 

SUMMARY

 

FOUNDATION               : 1977

SALES                         : 0.00

EMPLOYEES                : 15

PAYMENTS                  : Usually to terms/good

CHIEF EXECUTIVE        : KACOWICZ SRYBERSZTEIN, JAIME

DISPOSITION               : (They) refused to give information at all (politely).

 

 

LEGAL BACKGROUNDS                                                                                                                                

 

LEGAL ESTATUS

:

Joint-Stock Company

DATE OF INCORPORATION

:

1977

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Montevideo

NOTARY OFFICE

:

N/A

DURATION

:

N/A

REGISTRATION

:

N/A

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

N/A

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

N/A

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

N/A

CURRENT EXCHANGE RATE

:

Ps$18.55 per USD1.00

MEMBERSHIP

:

N/A

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

KACOWICZ SRYBERSZTEIN, JAIME

Adm & Finance Manager

AGUILAR, MARINA

Commercial Manager

BALAZZI, ALEJANDRO

Commercial Manager

SICATIELO, JORGE

Accountant

SOSA BARRETA, SILVIA

Management Secretary

 

 

WHO IS WHO?                                                                                                                                  

 

KACOWICZ SRYBERSZTEIN, JAIME

 

NATIONALITY                           : Uruguayan

 

BACKGROUND INFORMATION .-

He is client of the banks NUEVO BANCO COMERCIAL S.A.; DISCOUNT BANK (LATIN AMERICA) S.A. and CITIBANK N.A. SUCURSAL URUGUAY., where he owes to one bank, US$2,081.71 Dollars;  to other US$2,293.94 and the other bank, US$704.75.= Dollars.

 

Rating 1C (Debtors solvent to pay debts, high possibility to fulfill their obligations on time).

Other bank rated him 3 (Debtor with compromised payment capacity, payment in arrears between 91and  119 days)

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER                                                                                                                               

 

COMPANY NAME

COUNTRY

AX. REG.

RELATION

AUSTER S.A.

URUGUAY

 

Related

DECELESTE S.A.

URUGUAY

212295360016

Related

FRUTICOLA LIBERTAD S.A.

URUGUAY

 

Related

LANAFIL S.A.

URUGUAY

21-020790001-9

Related

MANUFACTURAS ALONDRA S.A.

URUGUAY

 

Related

MILARENA S.A.

URUGUAY

 

Related

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

Import and trading of carpets and rugs, mats, modular carpets, moquette, felt, floating floors, vinyl  rubber flooring, grass, accessories such as carpet sweeper, carpet covers, hard floor protectors, adhesives, wax, carpet stain remover, among other.

 

IMPORT           : Yes

                        Mexico, China, Belgium and Brazil

Annual Imports in US$ (CIF)     :

            Year       Monto

            2011     260,716.62

            2010     1,082,865.98

            2009     821,652.23

            2008     626,275.02

            2007     820,928.94

 

EXPORT           : No

% CASH SALES/METHOD

:

50%

% CREDIT SALES/TERMS

:

50%  (short-term facilities)

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

N/A

SELLING TERRITORY

:

Domestic market

EMPLOYEES

:

15

 

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

N/A

 

Remarks and other Premises .-

Headquarters and commercial offices operate at the above address.

 

Formerly, they were located at Columbia 1319, Montevideo.

 

COMMENTS .-

Sales are targeted at building companies, hotels, casinos, commercial buildings.

 

Main client is Teatro Solis

 

MASTERCARD and VISA credit cards are accepted.

 

 

FINANCIAL INFORMATION                                                                                                                                 

 

Interviewee(s)

:

Silvia Sosa

Position(s)

:

Management Secretary

Cooperation

:

(They) refused to give information at all (politely).

Information Provided

:

We talked to Silvia Sosa who refused to give information as she had not been authorized by the General Manager.  For this reason, this report has had to be prepared based on data collected from outside sources where no balance sheets or estimated accounting elements were found.

 

FINANCIAL SITUATION                        :           UNDETERMINED

Financial situation is considered to be indeterminate since no accounting elements were available to assess this Company current results.

 

Metropolitana S.A. offers a wide variety of articles and a permanent stock to satisfy every moment demands. It is a company committed to its clients offering them customized solutions to exceed their expectations.

 

INSURANCE .-

Information relative to insurance policies was not obtained.

 

 

PAYMENTS RECORD                                                                                                                                 

 

TRADE REFERENCES .-

Supplier

Country

Tel.

Line of Credit

Monthly Average

Terms(days)

Perfomance?

Time

Products/Services

DHL URUGUAY

URUGUAY

5982 6041332

 UNLIMITED

US$ 500.=

Inv./30 days

Prompt

2007

Courier services

 

NOTE: Other Suppliers did not provide information or could not be consulted.

Supplier

Country

Tel.

SHOW INDUSTRIES GROUP INC.

U.S.A.

N/A

 

 

CREDIT RISK CENTRAL .-

No restraints, claims, summons, bankruptcy, auctions, cancellation of accounts or payments in arrears were found against Subject Company.

 

 

BANKING INFORMATION                                                                                                                                  

 

BANKERS .-

Bank

Contact

Telephone

Account #

DC (S/.)

FC (US$)

CREDIT URUGUAY BANCO S.A.

N/A

N/A

N/A

N/A

N/A

REPUBLICA ORIENTAL DEL URUGUAY

N/A

N/A

N/A

N/A

N/A

The Company is a client of the above banks. One of them reported a  debt for US$302,106.05.= Dollars, rating 1C  (debtors solvent to pay debts, high possibility to fulfill their obligations on time).

 

 

GENERAL INFORMATION                                                                                                                                 

 

REPUTATION .-

NOTHING  AGAINST COMPANY

 

 

CREDIT OPINION                                                                                                                                 

 

Requested Credit :       MAXIMUM CREDIT

Neither balance sheets nor enough trade references were available to assess this Company financial condition and credit risk, though no negative backgrounds have been reported.

 We recommend a credit line for US$20,000.= Dollars.

 

NOTE: The Opinion given is confidential referential and with out liability

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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

26-40

B

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.