|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
EXIROS B.V. SUCURSAL URUGUAY |
|
|
|
|
Registered Office : |
Luis Alberto de Herrera 1248 WTCTorre 3, Piso 6, Montevideo / Montevideo |
|
|
|
|
Country : |
Uruguay |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.06.2012 |
|
|
|
|
Legal Form : |
Branch |
|
|
|
|
Line of Business : |
Buy and sell supplies, materials and equipment for the steel industry and provide logistics solutions for supply chain. |
|
|
|
|
No of Employees : |
40 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Uruguay |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 $23 billion in 2013.
|
Source
: CIA |
IDENTIFICATION
|
|
|
CORRECT COMPANY NAME |
EXIROS B.V.
SUCURSAL URUGUAY |
|
TRADE NAME |
EXIROS |
|
TAXPAYER REGISTRATION |
RUT 217000500019 |
|
MAIN ADDRESS |
Luis Alberto de Herrera 1248 WTCTorre 3,
Piso 6, |
|
DEPT/PROV/REGION/STATE |
Montevideo / Montevideo |
|
COUNTRY |
URUGUAY |
|
TELEPHONE |
(598) 93300283 - 21877001 |
|
CORPORATE E-MAIL |
|
|
WEB |
|
|
COMMENTS |
|
We remind that your order was received without Taxpayer Registration Number of the company that could help expedite our research.E-mail: gmeseri@exiros.com |
|
EXECUTIVE
SUMMARY
|
|
|
Date of foundation |
2012 |
|
Capital stock |
Ps$.20,264,000.= Pesos |
|
permanent employees |
40 |
|
Chief Executive |
MAHLER, CARLOS |
|
Disposition |
Poor. Very few information was given.
Politely. |
|
Payments policy |
Without rating (No payment experience
traced) |
|
Credit (**) |
MODERATE RISK. (Acceptable financial
situation but limited). |
|
Number of times that this company was
required: 8 |
|
REPUTATION
|
|
NOTHING AGAINST COMPANY |
LEGAL
STRUCTURE
|
|||
|
LEGAL STATUS |
Branch |
|
|
|
DATE OF INCORPORATION |
21JUN2012 |
||
|
PLACE OF REGISTRY |
Montevideo |
|
|
|
NOTARY OFFICE |
María Soledad Lapido Bove |
DURATION |
Indefinite |
|
REGISTRATION |
Entry 9378 (22/06/2012) |
|
|
|
CURRENT PAID-IN CAPITAL |
Ps$.20,264,000.= Pesos |
||
|
CURRENT EXCHANGE RATE (US$) |
Ps$19.05 Pesos per USADollar |
|
|
|
COMMENTS |
|
||
Subject's duration is the same of its parent company.Until December 2012, the legal name of the company was LOMOND HOLDINGS BV SUCURSAL URUGUAY, when it was changed to EXIROS B.V. SUCURSAL URUGUAY, keeping the same tax ID number. |
|||
|
FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
|
MAHLER, CARLOS |
Manager |
||
|
FANO, ALEJANDRO |
Manager |
||
|
MATHO, BEATRIZ |
Adm.And Financial Manager |
||
|
TERNIUM S.A. |
Shareholder / Member |
50% |
|
|
TENARIS S.A. |
Shareholder / Member |
50% |
WHO
IS WHO?
|
|
|
MAHLER, CARLOS |
|
|
TITLE |
Manager |
|
NATIONALITY |
Argentine |
|
D.O.B. |
04AUG1975 |
|
ID |
IDE 24561549 |
|
|
|
|
|
|
|
FANO, ALEJANDRO |
|
|
TITLE |
Manager |
|
NATIONALITY |
Argentine |
|
|
|
|
|
|
|
MATHO, BEATRIZ |
|
|
TITLE |
Adm.And Financial Manager |
|
NATIONALITY |
Uruguayan |
|
|
|
|
|
|
The subject is part of a group of companies which gathers:
LOMOND HOLDINGS BV
This company provides services to EXIROS S.A.
LOMOND HOLDINGS BV and its subsidiaries are subsidiaries of TENARIS S.A.
TENARIS GLOBAL SERVICES S.A.
This company is part of Tenaris group , same as Lomond Holdings BV Branch Uruguay.
TECHINT COMPAÑÍA TECNICA INTERNACIONAL S.A.C.I.
This company is part of Tenaris group , same as Lomond Holdings BV Branch Uruguay.
TENARIS FINANCIAL SERVICES S.A.
This company is part of Tenaris group , same as Lomond Holdings BV Branch Uruguay.
TERNIUM PROCUREMENT S.A.
This company is part of Tenaris group , same as Lomond Holdings BV Branch Uruguay.
TENARIS S.A.
This is the parent company of the Tenaris group.
EXIROS
(+5411) 4018 8533 (Call center in Argentina)
EXIROS provides "procurement outsourcing" services. TECHINT and TENARIS outsource invoicing and payment to suppliers to EXIROS.
Exiros was designed to respond to the needs of its customers and provide support to expansion plans with flexible and fast solutions, view of global markets and a strong component of local support to their plants.
Exiros global operations are part of the trading unit that is leveraged on a consolidated demand, capitalizing market knowledge of its buyers. Raw materials, capital investments and some materials for plant production and repairs are handled by the global team from its headquarters in Montevideo, Uruguay.
Exiros has four regional areas, corresponding to the traces of identity of their clients: Europe; Middle East and Asia; Mexico and Central America and the Southern Cone. These areas operate as a link between customers and suppliers, ensuring the level of service that customers require.
As the global sourcing company of Techint Group, Exiros bought about 8,300 million dollars in goods and services during the 2012/2013 fiscal year.
|
COMPANY NAME |
COUNTRY |
TAX REG. |
RELATION % |
|
EXIROS S.A. |
ARGENTINA |
Related |
|
|
LOMOND HOLDINGS BV |
NETHERLANDS |
(AC) 24291207 |
Related |
|
TECHINT COMPAÑIA TECNICA INTERNACIONAL
S.A.C.I. |
URUGUAY |
(AC) 210003370011 |
Related |
|
TENARIS FINANCIAL SERVICES |
URUGUAY |
(AC) 214750930015 |
Related |
|
TENARIS GLOBAL SERVICES S.A. |
URUGUAY |
(AC) 214369050013 |
Related |
|
TERNIUM PROCUREMENT S.A. |
URUGUAY |
(AC) 215252060017 |
Related |
BUSINESS
|
|||||||||
|
SIC
Classification
|
|||||||||
|
Main activity |
Initial Purpose: Buy and sell supplies, materials and equipment for the steel industry and provide logistics solutions for supply chain. Finance businesses and companies. Borrow, lend and to raise funds, including the issuance of bonds, notes and other securities or evidences of indebtedness as well as to enter into agreements related to the above-mentioned within limits of powers to be granted in this respect. Provide advice and services to businesses and companies with which the company forms a group and third parties.Providing guarantees, bind the company and to pledge its assets for obligations of the company and companies with which they form a group and on behalf of others within the limits of power to be given in this regard. Obtain, alienate, manage and exploit registered property and items of property in general. Market in currencies, securities and items of property in general. Develop and commercialize patents, trademarks, licenses, know-how and other intellectual property rights.Perform any and all industrial, financial or commercial activity, as well as everything related to the above, linked or conducive thereto, all in the broadest sense of the word. Trading Company of metallurgical products. |
||||||||
|
OPERATIONS |
|||||||||
|
Import |
Yes |
||||||||
|
Country |
United Arab Emirates, Argentina. |
||||||||
|
ANNUAL Imports In US$ (CIF) |
|
||||||||
|
% Ventas exterior (Paises) |
100% |
||||||||
|
SELLING TerritorY |
Foreign market. |
||||||||
|
EMPLOYEES |
40 |
||||||||
|
|||||||||
|
Comments |
|
||||||||
Type of taxpayer: CEDEStatus: There is NO Annual Certificate in force |
|||||||||
FINANCIAL
INFORMATION
|
|
|
Disposition |
Poor. Very few information was given.
Politely. |
|
Interviewee(s) |
Carlos Mahler |
|
Position(s) |
Manager |
|
Information provided |
Who confirmed general information regarding the company.We conducted research in official sources where additional information was gathered. As reference please find below the Consolidated Balance Sheet as of 31/12/2012 of EXIROS BV - AMSTERDAM, expressed in dollars. |
|
Comments |
|
EXIROS BV - AMSTERDAMGeneral Balance Sheet as of 31/12/2012Sales US$111,341,068.00Profit 2,875,031.00Current Assets 71,142,638.00Fixed 6,597,744.00Total Assets 77,740,382.00Current Liabilities 50,791,715.00Long Term 9,591,668.00Shareholders' Equity 17,356,999.00Total Liabilities 77,740,382.00 |
|
|
|
|
|
SALES |
US$ 0.00 () |
|
FINANCIAL SITUATION |
B: FAIRDespite not having individual financial statements available, we can indicate that this is a branch of a foreign company, Mid structure company, has the backing of its shareholders. |
|
Main fixed assets of the company (general detail) |
|
N/A |
|
TRADE
REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
(Confidential Information) |
||||||||||||||
|
TRADE REFERENCES |
||||||||||||||
|
No adverse information was found against this Company in the consulted sources. |
||||||||||||||
|
SUPERINTENDENCY OF BANK & INSURANCE (SBS) |
||||||||||||||
|
Debt structure for bank. SBS Latest
Consolidated Credit Report as of : 31712/2013 |
||||||||||||||
|
||||||||||||||
Explanation about commercial reputation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.26 |
|
|
1 |
Rs. 99.62 |
|
Euro |
1 |
Rs. 80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.