MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ADOWEL INVERSORA S.A.

 

 

Registered Office :

Constituyente 1467 Of. 1804., Montevideo

 

 

Country :

Uruguay

 

 

Year of Establishment :

2002

 

 

Com. Reg. No.:

Entry: 5647 Date: 04/07/2002

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Commodity Exporting Company

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

---

 

 

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, 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

ADOWEL INVERSORA S.A.

TAXPAYER REGISTRATION

RUT 21-466830001-1

MAIN ADDRESS

Constituyente 1467 Of. 1804

PROVINCE / DEPARTAMENT

Montevideo

STATE / REGION

Montevideo

COUNTRY

URUGUAY

TELEPHONE

(598)

COMMENTS

Regarding the given address of  Constituyente 1467 Of 1804, it corresponds to the Polak & Associates lawfirm. They were previously located in the Apartment 1308.
 
Phone Number (+598) 2403 1626 today is listed under the name of Rossi Cargo Group. It does not belong to  Adowel Inversora SA
 
Contact person: Mr. Oleksandr Yeremenko, Adowel Inversora S.A. (+5411) 4861 9769 / 2063 9049

 

 

SUMMARY

 

Date of foundation

2002

Capital stock

US$100,000.= Dollars.

Chief Executive

AKHMEDJANOV, CHAVKAT

Disposition

Report totally prepared by outside sources.

Payments policy

Without rating (No payment experience traced)

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Joint-Stock Company

DATE OF INCORPORATION

2002

PLACE OF REGISTRY

Montevideo.

NOTARY OFFICE

Goldsztein Bank Andrea

DURATION

100 years.

REGISTRATION

Entry: 5647 Date: 04/07/2002

CURRENT PAID-IN CAPITAL

US$100,000.= Dollars.

LISTED AT STOCK EXCHANGE

No

CURRENT EXCHANGE RATE (US$)

Ps$19.92 Pesos per 1.00 USADollar

COMMENTS

Directors registered 10/11/2006 as of last update by Law No. 17,904.
 
Address of Polak and Associates lawfirm: Constituyente 1467 Of 1804. Tel:(598) 99661153 - 24091311

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

AKHMEDJANOV, CHAVKAT

Director

 

10/11/06

KUPETS, NATALIYA

Director

 

 

 

 

WHO IS WHO?

 

AKHMEDJANOV, CHAVKAT

BACKGROUND INFORMATION

Legal address in: Constituyente 1467 esc 1308

 

 

 

 

KUPETS, NATALIYA

BACKGROUND INFORMATION

Registered office in: Constituyente 1467 esc 1308

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

ADOWEL INVERSORA S.A.

PANAMA

 

Related

MDECA GROUP S.R.L.

ARGENTINA

30-71166681-4

Related

 

 

BUSINESS

 

Main activity

Initial Purpose: May conduct outside the country: Investments in securities, bonds, stocks, debentures, drafts, and similar documents. Imports, exports, commissions, representations, terms, financial operations, agricultural, insurance and reinsurance. Exploitation of trademarks, patents, industrial privileges, analog intangibles . Commercial, industrial operations in the fields of food, automotive, communications, electronics, computers, wood, machinery, metallurgy, paper, fishing, chemical, professional services, television, textiles, transport, tourism and clothing. Participation, establishment or acquisition of companies operating in the fields preindicated. All kinds of real estate transactions. In the country may perform any activity permitted by the regime to which hosts.
 
Specific Business Line: Commodity exporting company

LOCATION

OTHER PREMISES

The Subject's registered office in the country  is (or was) located in  Constituyente 1467 Of 1804. This address corresponds to the Polak & Associates lawfirm. Mr. Oleksandr Yeremenko reported that the Polak Lawfirm was previously installed in the Apartment 1308 of same building.
 
The Commercial Office of the Subject is located at Gascón 1448 Piso 1 C, Buenos Aires, Argentina. Tel 5411 48619769. The MDECA Group offices operate there.

Comments

The General Tax Bureau (DGI) informed that Subject has no Annual Certificate of Good Standing enabled. 

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Mr. Oleksandr Yeremenko

Disposition

Report totally prepared by outside sources.

Information provided

Firstly we verified that the address and phone number listed in official public sources as legal headquarters of the company do not belong to them. At present the said address belongs to the company Rossi Cargo Group (Telephone (598) 24031626), where we were informed that they do not know ADOWEL INVERSORA S.A. The company Rossi Cargo Group has been at that address for 3 years.
 
We interviewed Mr. Oleksandr Yeremenko who explained to us that there are two companies with the name Adowel Inversora S.A. One company was formed in Uruguay with the RUT No. 214668300011 and no longer operates, and the other company was incorporated in Panama and with registered office in Panama and Uruguay. Mr. Yeremenko reported that on leaving his partner, Mr. Chavkat Akhmedjanov, he set up a new company in Panama in 2010. As investigated with the Public Registry of the Government of Panama, the said company was incorporated on 26/11/2010. Mr. Yeremenko reported that Adowel Inversora belongs to MDECA Group, which owns companies in countries like Paraguay and Ukraine, and are engaged in export of commodities, including wine, mate, seeds and fruits.
 
In Uruguay work with Mr. Sergio Polak, member of Polak and Associates Law Firm.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

NN: UNDETERMINED
Company NO LONGER OPERATES.

 

BANKING INFORMATION

 

Bank

DISCOUNT BANK

Mr. Oleksandr Yeremenko reported that in Uruguay maintain an account with Discount Bank.         

           

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.