MIRA INFORM REPORT

 

 

Report Date :

13.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SYRUS S.A.

 

 

Registered Office :

Juncal 1305 Dpto. 307 Montevideo

 

 

Country :

Uruguay

 

 

Date of Incorporation :

22.09.2003

 

 

Com. Reg. No.:

Entry 6799 (26/09/2003)

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Wholesale Trade-Non-Durable Goods (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

SYRUS S.A.

TAXPAYER REGISTRATION

RUT 21-485580001-4

MAIN ADDRESS

Juncal 1305 Dpto. 307

PROVINCE / DEPARTAMENT

Montevideo

STATE / REGION

Montevideo

COUNTRY

URUGUAY

TELEPHONE

(598) 29160563

COMMENTS

Telephone number listed to name of SYRUS S.A.

 

SUMMARY

 

Date of foundation

2003

Capital stock

Ps$100,000,000.= Pesos.

permanent employees

Not informed.

Chief Executive

GUAGLIANONE CLAVIJO, MAXIMILIANO

Disposition

REPORT TOTALLY PREPARED BY OUTSIDE SOURCES.

Payments policy

 (No payment experience traced)

Credit (**)

Indeterminate / Information is insufficient.

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Joint-Stock Company

DATE OF INCORPORATION

22SEP2003

NOTARY OFFICE

Zeballos Quintero Uberfil

DURATION

100 years

REGISTRATION

Entry 6799 (26/09/2003)

CURRENT PAID-IN CAPITAL

Ps$100,000,000.= Pesos.

LAST CAPITAL INCREASE

14/12/2010

CLASS OF SHARES

Registered

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$19.50 Pesos per 1.00 USADollar

COMMENTS

Commercial Company, established under Act 16060 since 13/12/2010 . Previous name:  Sociedad Financiera de Inversión, Act 11073.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GUAGLIANONE CLAVIJO, MAXIMILIANO

President

 

07/02/12

 

 

WHO IS WHO?

 

GUAGLIANONE CLAVIJO, MAXIMILIANO

NATIONALITY

Uruguayan

ID

IDE 3.636.107-0

DOMICILE

Juncal 1305 Piso 21

PROFESSION

Certified Public Accountant

 

BUSINESS HISTORY

 

Established on 22/09/2003 as Roussos S.A.
On 08/12/2003 was officially implemented name change to Syrus S.A.

 

 

BUSINESS

 

SIC Classification
5 1 - WHOLESALE TRADE-NON-DURABLE GOODS (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

Main activity

Purpose: A) Industrialization and trade in all its forms, of goods, leasing of goods, labor and services in branches related to travel agencies, food, household items and office, automotive, bar, sundries, beverages, meat, rubber, film, communications,  construction, computers, cosmetics, leather, sports, publishing, electronics, electrical engineering, education, entertainment, mining, hardware, photocopying, photography, fibers, fruits of the country, hotel, printing, computer, jewelry, toys, wool, laundry , library, wood, machinery, marine, mechanical, metallurgy, mining, music, optics, paper, perfumery, fishing, plastic, newspaper, promotions, advertising, chemical, radio, professional, technical and administrative, snuff, television, textiles, typography, tourism, securities, clothing, veterinary and glass B) Imports, exports, representations, and commissions and consignments; C) Operation of brands and goods D) Purchase, sale, lease administration, construction and all kinds of real estate transactions, except rural properties; E) Participation, establishment or acquisition of companies operating in the fields preindicated. 
Official publications. According to the bylaws reform dated 13/12/2010 
 
Chemicals Company 
 
Source: ANTEL

Import

No

Export

No

% DOMESTIC PURCHASES

100%

SELLING TerritorY

National market.

EMPLOYEES

Not informed.

 

LOCATION

 

OTHER PREMISES

The main address belongs to the headquarter / tax domicile of this company.
 

Comments

Annual Certificate of Good Standing Enabled: 31/08/2011 Expires: 31/05/2012

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Mrs. Luciana

Position(s)

Administration

Disposition

REPORT TOTALLY PREPARED BY OUTSIDE SOURCES.

Information provided

Ms. Luciana reported that the company did not provide information of any kind to others. 
 
This report was produced with information gathered from third party sources and official. 
 
Given the lack of financial information and reference information by suppliers , thus it is not possible to evaluate their operations trend and/or creditworthiness.

 

 

SALES

US$ 0.00 ()

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. 
The absence of credit history does not indicate their creditworthiness. 
Generally, refusal to provide financial data deliberately hides some financial imbalances, without opinion being definitive.

Insurance Comments

It was not possible to access into information regarding insurance policies.

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

CREDIT HISTORY

It was not possible to obtain the names of their regular suppliers and banks they deal with, directly or from others, while search we conducted in the market was futile, which prevents us from accurately assessing their credit record. 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.44

UK Pound

1

Rs.81.96

Euro

1

Rs.67.60

 

 

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.