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Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CENTRAL LANERA URUGUAYA |
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Registered Office : |
Río
Negro 1495; |
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Country : |
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Financials (as on) : |
30.04.2014 |
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Date of Incorporation : |
20.05.1905 |
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Legal Form : |
Cooperative |
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Line of Business : |
· Producer of yarns and threads out of Natural (Wool and cotton) as well as Synthetic (Plastics) Materials. subject major products are yarns and threads,
Fabrics, Carpets, and Curtains. |
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No of Employees : |
38 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Uruguay |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 slowed in 2012-13, 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 $23 billion in 2013.
|
Source : CIA |
|
Legal
Name: |
Central Lanera Uruguaya |
|
Trade
Name: |
CLU |
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RUT: |
210386270015 |
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Date
Created: |
1967 |
|
Date
Incorporated: |
20/05/1905 |
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Legal
Address: |
Río Negro 1495; Montevideo; Montevideo;
11100, UY |
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Operative
Address: |
Río Negro 1495; Montevideo; Montevideo; 11100, UY |
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Telephone:
|
598 2 902 6888 |
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Fax: |
598 2 902 2734 |
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Legal
Form: |
Cooperative |
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Email: |
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Registered
in: |
Uruguay |
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Website:
|
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Manager: |
Alejandro Nin |
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Staff:
|
38 |
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Activity: |
Wool
processing and trading |
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BANKS |
Banco Central de Uruguay |
|
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The
company does not make its banking information public. |
History
|
|
Central
Lanera Uruguay was founded in 1967 with the aim of
marketing wool producers as a boost of
Rural Cooperatives Union of Flores and El Fogon de Sarandi del Yi with the support of the Uruguayan
Cooperative Center. |
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|
Press Release: |
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PRINCIPAL
ACTIVITY |
|
|
|
Central
Lanera Uruguaya is a
cooperative which processes wool from
30 cooperatives, including Oikocredit partner
COPAGRAN. After processing the wool, Central Lanera
sells it to over 20 international markets and also to women's fair trade
organization and Oikocredit partner, Manos del
Uruguay. |
|
Products/Services
description: |
CLU
provides advances to farmers, so they have enough resources to care for their
flocks and produce their wool. It also provides training, research, transfer
of new technologies, and the promotion of wool products. |
|
Brands: |
Centex |
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Sales
are: |
Wholesale |
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Clients: |
International
Markets |
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Suppliers:
|
Local
Farmers |
|
Operations
area: |
National
& International |
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The
company does not import |
|
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The
company does exports to |
Europe,
Japan, South America |
|
The
subject employs |
38
employees |
|
Payments:
|
Regular |
|
|
|
|
LOCATION |
|
|
Headquarters
: |
Río Negro 1495; Montevideo; Montevideo;
11100, UY |
|
Branches:
|
The
company does not have branches |
|
Business
Overview: |
Companies
in this industry operate mills that produce textiles and textile products
from natural and synthetic materials Major
products are yarns and threads, fabrics, carpets, and curtains. The industry
produces yarns and threads out of natural (wool and cotton) and synthetic
(plastics) materials. Yarns and thread are used to produce fabrics that are
woven or knit, finish fabrics by dyeing or coating them, and make fabrics
into simple finished consumer products like rugs, carpets, curtains, linens,
and textile bags. |
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|
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES |
|
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Listed
at the stock exchange: |
NO |
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Capital:
|
UYP
174 657 308 |
|
Management: |
Dr. Alejandro Nin, President |
|
Related
Companies: |
Lanera Piedra
Alta: The company has a peinaduría "Lanera Piedra Alta",
located 100 kilometers from Montevideo, where they process about 4.5mkgs of wooltops that occur annually. |
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FINANCIAL
INFORMATION |
|
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The
following information is expresses in PESOS URUGUAYOS and was translated from
its last financial statements: |
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|
|
|
UP TO
30 APRIL 2014 |
|
|
TOTAL
NON-CURRENT ASSETS |
133
475 365 |
|
TOTAL
CURRENT ASSETS |
633
079 225 |
|
TOTAL
ASSETS |
766
554 590 |
|
EQUITY
TOTAL |
174
657 308 |
|
TOTAL
LIABILITIES |
591
897 282 |
|
NET
OPERATING INCOME |
515
163 378 |
|
COMPREHENSIVE
INCOME FOR THE PERIOD |
1,717,964 |
|
FINAL
CASH BALANCE |
46,273,335 |
|
|
|
|
Auditors: |
RMS
Unity |
|
|
|
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LEGAL
FILINGS |
|
|
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The
company does not show legal/crimminal |
|
SUMMARY |
|
|
|
Central Lanera Uruguaya is a cooperative
which processes wool from 30-40 cooperatives. |
|
RISK
INFORMATION |
|
|
DEBTS |
Controlled |
|
PAYMENTS |
The company
currently maintains a loan of 6 000 000 with OIKO
CREDIT (member since 1987). |
|
CASH
FLOW |
Good |
|
COMMENTS |
Although
we tried to contacted the company, nobody answered our several calls. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
UK Pound |
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.