MIRA INFORM REPORT

 

 

Report Date :           

29.10.2011

 

IDENTIFICATION DETAILS

 

Name :

GALEXO S.A.

 

 

Registered Office :

Buenos Aires 484, Dpto. 10, Montevideo

 

 

Country :

Uruguay

 

 

Date of Incorporation :

22.06.2004

 

 

Com. Reg. No.:

Entry  5140

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

wholesale of agricultural products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Uruguay

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IDENTIFICATION            

                                                                                                                    

CORRECT COMPANY NAME

:

GALEXO S.A.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RUT 21-499598001-5

MAIN ADDRESS

:

Buenos Aires 484, Dpto. 10

POSTAL CODE

:

N/A

CITY

:

Montevideo

DEPARTMENT/STATE

:

Montevideo

COUNTRY

:

URUGUAY

TELEPHONE

:

9172013  

FAX

:

N/A

WEB SITE

:

N/A

 

 

SUMMARY

 

FOUNDATION               : 2004

SALES                         : 0.00

PAYMENTS                  : Without rating (No payment experience traced)

CHIEF EXECUTIVE        : VEIGA DOBRICH, GUSTAVO ANGEL

DISPOSITION               : Report prepared through third-party sources.

 

 

LEGAL BACKGROUNDS                                                                                                                                 

 

LEGAL ESTATUS

:

Joint-Stock Company

DATE OF INCORPORATION

:

22JUN2004

START OF OPERATIONS

:

N/A

REGISTERED IN

:

N/A

NOTARY OFFICE

:

N/A

DURATION

:

100 years

REGISTRATION

:

Entry  5140

INITIAL CAPITAL

:

US$15,000.= Dollars

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

:

US$1.= Dollar

CURRENT EXCHANGE RATE

:

Ps$19.87 per 1.00 USADollar

MEMBERSHIP

:

N/A

 

COMMENTS .-

According to the Internal Revenue Service of Uruguay, GALEXO S.A. has no Annual Certificate of Good Standing enabled. Appears as the type of taxpayer:  NO CEDE (Special Control Companies)

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

VEIGA DOBRICH, GUSTAVO ANGEL

President

 

 

WHO IS WHO?                                                                                                                                 

 

VEIGA DOBRICH, GUSTAVO ANGEL

NATIONALITY                           : Uruguayan

DOC OF IDENT.                        : IDE 1.385.581-4

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

As investigated, the company would be engaged in wholesale of agricultural products (Source: Internal Audit Office).

 

IMPORT           : No

 

EXPORT           : No

 

% CASH SALES/METHOD

:

N/A

% CREDIT SALES/TERMS

:

N/A

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

N/A

SELLING TERRITORY

:

N/A

EMPLOYEES

:

Undisclosed

 

LOCATION .-

Premises

:

N/A

Monthly Amount

:

N/A

Time Occupied

:

N/A

Area

:

N/A

Floors

:

N/A

 

Remarks and other Premises .-

The investigated company has set its tax domicile in the Offices of Consultores y Administradores de Empresas SRL (Estudio Damiani)

 

FINANCIAL INFORMATION                                                                                                                                  

 

Interviewee(s)

:

Third-party sources

Position(s)

:

N/A

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

Went to the tax domicile of GALEXO S.A. in   Calle Buenos Aires 484,  which belongs to the firm ESTUDIO DAMIANI, where we were confirmed that they are in charge of accounting of the company investigated.  In ESTUDIO DAMIANI, Mr. Danilo Manice said that he was willing to supply the information requested, after the owners of the subject company authorized it. Mr. Danilo Manice said he has sent them our request for information  and is awaiting a response. If outcome is positive, we will be sending you updated report, otherwise please consider this report as a final report.  To avoid delaying the investigation, this report was developed with information obtained primarily from external sources. Despite the efforts we were unable to get any financial data by indirect sources.

 

FINANCIAL SITUATION                        :           UNDETERMINED

 

We consider the Financial Situation of the company as Undetermined because of not having financial data that allow an analysis of their results. Besides, trade references could not be obtained to evaluate its payment performance.

 

INSURANCE .-

It was not possible to gain access into that kind of information.

 

 

PAYMENTS RECORD                                                                                                                                 

 

CREDIT HISTORY .-

No details could be learnt regarding Subject Company's suppliers, thus lack data to establish its payment performance/ credit worthiness.

 

 

BANKING INFORMATION                                                                                                                                  

 

The bankers for GALEXO S.A. could not be established.

 

 

GENERAL INFORMATION                                                                                                                                 

 

REPUTATION .-

NOTHING  AGAINST COMPANY

 

 

 

CREDIT OPINION                                                                                                                                 

 

Requested Credit :       HIGHEST

A credit opinion can not be given due to the lack of financials and payment experience.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.