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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
KELMANZON MUÑOZ, LUCIA |
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Registered Office : |
General Gregorio Suárez 2811, Dpto.502, Montevideo |
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Country : |
Uruguay |
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Year of Establishments: |
2011 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Textile industry. Fashion design. |
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No. of Employees : |
Not available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
URUGUAY - ECONOMIC OVERVIEW
Uruguay has a free market economy characterized by an export-oriented
agricultural sector, a well-educated work force, and high levels of social
spending. Following financial difficulties in the late 1990s and early 2000s,
economic growth for Uruguay averaged 8% annually during the period 2004-08. The
2008-09 global financial crisis put a brake on Uruguay's vigorous growth, which
decelerated to 2.6% in 2009. Nevertheless, the country managed to avoid a
recession and keep positive growth rates, mainly through higher public
expenditure and investment, and GDP growth reached 8.9% in 2010 but fell about
3.5% in 2012, the result of a renewed slowdown in the global economy and in
Uruguay's main trade partners and Common Market of the South (Mercosur)
counterparts, Argentina and Brazil. Uruguay has sought to expand trade within
Mercosur and with non-Mercosur members. Uruguay's total merchandise trade with
Mercosur since 2006 has increased by nearly 70% to more than $5 billion while
its total trade with the world has almost doubled to roughly $20 billion.
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Source : CIA |
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CORRECT COMPANY NAME |
KELMANZON MUÑOZ,
LUCIA |
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TRADE NAME |
LANAR",
"LUCIA KELMANZON |
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TAXPAYER REGISTRATION |
RUT 214645370013 |
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MAIN ADDRESS |
General Gregorio Suárez 2811, Dpto.502, |
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DEPT/PROV/REGION/STATE |
Montevideo |
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COUNTRY |
URUGUAY |
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TELEPHONE |
(5982) 27114937 |
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E-MAIL |
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WEB |
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COMMENTS |
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Phone (+598) 99697433. The Telephone (+598) 27114937, is
registered in the name of Enrique Kelmanzon Beker (father of the Subject) |
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Date of foundation |
2011 |
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permanent employees |
Unknown |
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Chief Executive |
KELMANZON MUÑOZ, LUCIA |
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Without rating (No payment experience
traced) |
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LEGAL STATUS |
Sole Proprietorship |
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DATE OF INCORPORATION |
2011 |
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CURRENT EXCHANGE RATE (US$) |
Ps$19.13 per 1.00 USADollar |
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COMMENTS |
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Before the Tax Authority - DGI, the
subject has her Annual Certificate Valid, issued on 18/01/2013, due on
17/07/2013. We were unable to learn the amount of investment
the owner maintains in her business. |
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KELMANZON MUÑOZ,
LUCIA |
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TITLE |
Owner Manager |
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PROFESSION |
University graduate |
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BACKGROUND INFORMATION |
Graduated in Fashion Design by IUDE - Bio
Architecture. |
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SIC
Classification |
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Main activity |
Textile industry. Fashion design. |
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Import |
Yes |
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Country |
Argentina. |
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ANNUAL Imports In US$ (CIF) |
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Export |
No |
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SELLING TerritorY |
100% Uruguayan market |
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EMPLOYEES |
Unknown |
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Disposition |
TF: REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Lucia Kelmanzon Muñoz |
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Position(s) |
Owner - Manager |
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Information provided |
The interviewed person provided general
operational data and suggested that we send a formal document to analyze the
convenience of complementing information, however, despite having fulfilled
this requirement so far have not given us any answer. During the interview she confirmed she has
her own fashion design business, and that imports are made . Given the time elapsed and since we still had
no reply, we decided to rely on third parties and public sources to
supplement information, but it was not possible to get balance sheets or
referential financial figures. It is worth commenting based on corporate
regulations published in Uruguay, the whatever their legal status, any enterprise which total assets at the
end of each financial year exceed 30,000 UR (thirty thousand units indexed)
or net operating income recorded during the same period exceeds 100,000 UR
(one hundred thousand units indexed) must submit to the state control body
their financial statements within the
time period established by regulation. LAW No. 18,362 Section 500. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
Subject's Financial Position is considered
UNDETERMINED, since there are no financial figures allowing a financial
analysis of the results in last fiscal year. The scarce or lack of credit history does
not allow us to analyze their liquidity position. Trade references are few or there are no
trade references at all. Little information found about the Owners
creditworthiness. The reluctance in their statements,
derived from confidential policies,
prevents us from having more leads or evaluation sources. Public and private sources of information
do not report further details. |
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Insurance Comments |
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We did not have access to this
information. |
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(Confidential Information)
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TRADE REFERENCES |
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REPUTATION |
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NOTHING AGAINST COMPANY |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.16 |
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UK Pound |
1 |
Rs.81.74 |
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Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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<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.