MIRA INFORM REPORT

 

 

Report No. :

337071

Report Date :

18.08.2015

 

IDENTIFICATION DETAILS

 

Name :

INTER FOOD AMERICAS S.A

 

 

Registered Office :

Ruta 8 Km. 17.500 Edificio Biotec Plaza Office 009 Montevideo - CP: 91600

 

 

Country :

Uruguay

 

 

Year of Establishment :

2007

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Dairy Products Wholesale Industry

 

 

No. of Employees :

15

 

 

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 :

No Complaints

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, Uruguay's economic growth 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; GDP growth reached 8.9% in 2010 but slowed in 2012-13 as a 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, and President VAZQUEZ has said he will maintain his predecessor’s mix of pro-market policies and a strong social safety net.

 

Source : CIA

 

STATUTORY INFORMATION

 

Legal Name:

INTERFOOD AMERICAS S.A.

Trade Name:

INTER FOOD AMERICAS  

RUT:

215986850013

Date Created:

2007

Date Incorporated:

2007

Legal Address:

Ruta 8 Km. 17.500
Edificio Biotec Plaza Office 009
Montevideo - CP: 91600
Uruguay

Operative Address:

Ruta 8 Km. 17.500
Edificio Biotec Plaza Office 009
Montevideo - CP: 91600
Uruguay

Telephone:

598 25 18 29 65

Fax:

598 2518 2965

Legal Form:

Sociedad Anónima

Email:

info@latam.interfood.com / Jliguori@interfood.com

Registered in:

Uruguay

Website:

www.interfood.com

Contact:

Julio Liguori, Manager

Staff:

15

Activity:

Dairy Products Wholesale Industry

 

 

BANKS

 

Banco Central de Uruguay

 

 

 

The company does not disclose its banking data

 

 

History

 

 

The company was established in Uruguay in 2007. Company's previous name was Cosbert S.A.

 

 

PRINCIPAL ACTIVITY

 

 

The Interfood Group is a leading global dairy supplier, facilitating the distribution of over 600,000 MT of dairy products per annum.

Products/Services description:

Milk powders and derivatives
Butter and AMF
Cheese
Dairy proteins
Fat filled milkpowders
Infant Milk Powder
Tailor made dairy specialties
Liquid milk products and concentrates
Condensed and evaporated milk

Brands:

INTERFOOD

Sales are:

Wholesale

Clients:

ADIPLUS SAC
Peru

Villago Importaciones SA De Cv
Mexico

INDS ALIMENTARIAS SUR SA CV
Mexico

FACTORES Y MERCADEO SA
Colombia

Sergio Antonio Paz Villegas
Uruguay

Suppliers:

Ilas Mexico S.A De C.V.
Mexico

Operations area:

National and International

The company imports from

Europe

The company exports to

Latin America

The subject employs

15 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

Ruta 8 Km. 17.500
Edificio Biotec Plaza Office 009
Montevideo - CP: 91600
Uruguay

Branches:

The company does not have branches

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a subsidiary of:

Interfood Holding B.V.
Netherlands

Management:

Milo Schoonheijm, Head of Finance
Julio Liguori, Manager

Related Companies:

The group has offices at:

Algeria
Australia
Brazil
China
India
Poland
Russian federation
Senegal
Singapore
The Netherlands
Ukraine
United states

 

 

FINANCIAL INFORMATION

 

 

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

 

 

 

There are no financial connected to the subject.

 

 

LEGAL FILINGS

 

 

There are nolegal records connected to the subject

 

 

SUMMARY

 

 

Thecompany is part of the Interfood Group, a leading global dairy supplier, facilitating the distribution of over 600,000 MT of dairy products per annum.

 

The company has 8 years of experience in the Uruguayan market, with a small sized structure and with presence exporting in all Latin America.

 

It mainly imports from Europe and shows no negative records.

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

This Corporation is in Good Standing

 

 

INTERVIEW

 

NAME

Victoria Marcovich

POSITION

Administrative

COMMENTS

She confirmed RUT, establishment, managers, owners, group, imports, exports, activity.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.22

UK Pound

1

Rs.102.23

Euro

1

Rs.72.39

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

TRU

 

               

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.