MIRA INFORM REPORT

 

 

Report Date :

23.12.2014

 

IDENTIFICATION DETAILS

 

Name :

NESTELCO S.A 

 

 

Registered Office :

Ruta 8, km 17.500, C.P. 91600, Montevideo

 

 

Country :

Uruguay

 

 

Date of Incorporation :

Not Available 

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer & Importer of Pharmaceutical Raw Material

 

 

No of Employees :

05

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 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

Company identification detail

 

Legal Name:

Nestelco S.A

ID:

214068030013   

Date Created:

NA

Date Incorporated:

NA

Legal Address:

Ruta 8, km 17.500
C.P. 91600
Montevideo - Uruguay

Operative Address:

Zonamerica Ruta 8 KM 17.500,Local 207, Montevideo,URUGUAY

Telephone:

598 2 518 2000

Fax:

598 2 518 2001

Legal Form:

Private Company

Email:

NA

Registered in:

Uruguay

Website:

No website

Manager:

NA

Staff:

5

Activity:

Manufacturer & Importer of Pharmaceutical Raw Material

 

BANKS

Banco de Uruguay

 

The company does not make its baking data public

 

HISTORY

 

 

Despite our long search, we could not confirm the company history.

 

PRINCIPAL ACTIVITY

 

 

According to our search, the company would be dedicated to Import Pharmaceutical Raw Material for its manufacture.

Products/Services description:

Pharmaceutical material

Brands:

NA

Sales are:

Wholesale

Clients:

GARMISCH PHARMACEUTICAL S.A.
LABORATORIOS PAULY PHARMACEUTICAL SA

Suppliers:

HUMAX PHARMACEUTICAL S.A.
Colombia

GENFAR S.A
Colombia

Operations area:

National and International

The company imports from

India, Argentina, Spain, Hungary, China

The company does exports to

Colombia

The subject employs

5 employees

Payments:

Regular

LOCATION

 

Headquarters :

Zonamerica Ruta 8 KM 17.500,Local 207, Montevideo,URUGUAY

Comments:

The company would use this address as its legal address. Despite our search, we could not confirmed it is operating at this address.

Branches:

No branches were located

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

NA

Management:

NA

Related Company:

NA

FINANCIAL INFORMATION

 

 

 

 

This is a private company which does not make its financial statements public.

 

There are no financial connected to the subject.

LEGAL FILINGS

 

 

There are no legal

RISKMA REVIEW

 

SUMMARY

 

 

NESTECO would be an Uruguayan company dedicated to the import and manufacture of pharmaceutical raw materials.

Despite our long search, we could not confirm it is currently operating.

We suggest working with guarantees and monitoring the company for the following 12 months.

 

 

RISK INFORMATION

 

 

 

PAYMENTS

Unknown

CASH FLOW

Unknown

SUGGESTED CREDIT LINE

Guarantees

 

ENTERVIEW

 

NAME

NA

POSITION

NA

COMMENTS

We called at the telephone found but the person contacted was the receptionist of a tower building who confirmed she does not have any company with this name. However, she advised us to call again for more data. We will try again and inform you in case we have more news.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.18

UK Pound

1

Rs.98.85

Euro

1

Rs.77.42

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.