MIRA INFORM REPORT

 

 

Report Date :

21.09.2013

 

IDENTIFICATION DETAILS

 

Name :

ANIRAL S.A.

 

 

Registered Office :

Miguelete 1954, 11800

 

 

Country :

Uruguay

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Subject is engaged in import and sale of spare parts for tractors of the brand MASSEY FERGUSON from the company AGCO.

 

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Uruguay

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 to 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

Source : CIA

IDENTIFICATION

 

 

CORRECT COMPANY NAME

ANIRAL S.A.

TAXPAYER REGISTRATION

RUT 215043780017

MAIN ADDRESS

Miguelete 1954

POSTAL CODE

11800

DEPT/PROV/REGION/STATE

Montevideo

COUNTRY

URUGUAY

TELEPHONE

(598) 24086241 24096262

CORPORATE E-MAIL

aniral-sa@gmail.com

WEB

No tiene

 

EXECUTIVE SUMMARY

Chief Executive

AMARO, MANUEL

Disposition

Declined. Needed to know the requestor's name.

 

 

LEGAL STRUCTURE

 

 

LEGAL STATUS

Joint-Stock Company

 

 

PLACE OF REGISTRY

Montevideo

 

 

CURRENT EXCHANGE RATE (US$)

Ps$2.69 per US$1.= Dollar

 

 

COMMENTS

 

 
Valid Annual Certificate given by the General Tax Directorate (DGI):
Type of Taxpayer: Taxpayer listed as Special Control of Companies
Status: Valid Annual Certificate
Date of issue: 27/06/2013. Date of Expiry: 31/07/2014.
 

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

AMARO, MANUEL

General Director

Yes

 

 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

 

COMPANY NAME

COUNTRY

RELATION %

ARAM LTDA.

URUGUAY

 

Related

 

 

 

BUSINESS

 

 

SIC Classification
5 0 - WHOLESALE TRADE-DURABLE GOODS. (Sale of vehicles, tires, furniture, toys, Home furnishings, machinery.)

Main activity

 
Subject is engaged in import and sale of spare parts for tractors of the brand MASSEY FERGUSON from the company AGCO.

O P E R A T I O N S

Import

Yes

Country

Turkey (40%), India (35%), United Kingdom (17%), Argentina, China and USA

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2013

52,841.89

2012

60,656.71

2011

66,255.43

2010

69,299.23

2009

167,120.58

2008

127,792.98

Export

No

% FOREIGN PURCHASES

100%

SELLING TerritorY

100% (Domestic market)

 

FINANCIAL INFORMATION

 

 

Disposition

Declined. Needed to know the requestor's name.

Interviewee(s)

Manuel Amaro

Position(s)

General Director and Shareholder

 

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

 

 (Confidential Information)

TRADE REFERENCES

Supplier: MAYFER SA

Tel.: 598 29020708

Country: URUGUAY

Goods/Services? : Roller bearings

 

 

Highest credit? : Not specified

 

 

Client since? : 2007

Terms? : 30 days

Performance? : Prompt

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

AGCO CHINA

CHINA

 


CREDIT BUREAU COMMENTS

It was not found any adverse on protest of drafts, checks and/or promissory notes.

 

 

Comments :

Bank debt to July 2013 (source B.C.U.): BANCO BILBAO VIZCAYA ARGENTARIA URUGUAY S.A. - Rating: 1C - TOTAL RESERVES Ps$ 100.00 - CONTINGENCIES Ps$ 20,000.00 Rating: 1C - Debtors with a strong payment capacity, have a high probability of paying obligations on time.

 

 

CREDIT OPINION

 

 

Consulted Credit Amount :

CREDIT LIMIT?

 

Given no balance sheets were provided and no references on payments and more information were obtained, we are not able to give a credit opinion.

NOTE : The opinion given is confidential, referential and with out liability.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.24

UK Pound

1

Rs.99.89

Euro

1

Rs.84.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.