|
Report No. : |
353660 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOFTER TERMOPLASTLICOS S.A. |
|
|
|
|
Registered Office : |
José Nasazzi 760 Montevideo, Montevideo,
11800 |
|
|
|
|
Country : |
Uruguay |
|
|
|
|
Date of Incorporation : |
1989 (not confirmed) |
|
|
|
|
Legal Form : |
Sociedad Anónima |
|
|
|
|
Line of Business : |
Plastic Resin & Synthetic Fiber Manufacturing Industry |
|
|
|
|
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 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
|
|
|
|
|
|
Order: |
SOFTER
TERMOPLASTLICOS S.A. |
|
Address in the
order: |
JOSE NASAZI 760
MONTEVIDEO, 11800 |
|
Legal Name: |
SOFTER
TERMOPLASTLICOS S.A. |
|
Trade Name: |
SOFTER |
|
RUT: |
216608060010 |
|
Date Created: |
1989 (not
confirmed) |
|
Date
Incorporated: |
NA |
|
Legal Address: |
José Nasazzi 760 |
|
Operative
Address: |
José Nasazzi 760 |
|
Telephone: |
598 22035363 |
|
Fax: |
598 22037149 |
|
Legal Form: |
SOCIEDAD ANÓNIMA |
|
Email: |
|
|
Registered in: |
Uurguay |
|
Website: |
|
|
Contact: |
Carlos Israel
Bustin Sosa, President |
|
Staff: |
NA |
|
Activity: |
Plastic Resin
& Synthetic Fiber Manufacturing Industr |
|
|
|
BANKS
Banco Nacional de
Uruguay The company does
not make its banking data public |
|
History
The company
would have started operations in 1989. |
|
PRINCIPAL
ACTIVITY
The company is
dedicated to the wholesale of chemical products. |
|
|
Products/Services
description: |
Chemical
Products |
|
Brands: |
SOFTER /
FORTIPRENE |
|
Sales are: |
Wholesale |
|
Clients: |
Chemical
Industry |
|
Suppliers: |
NA |
|
Operations area:
|
National |
|
The company
imports from |
Worldwide |
|
The company
exports to |
Worldwide |
|
The subject
employs |
NA |
|
Payments: |
Unknown |
|
LOCATION
|
|
|
Headquarters : |
José Nasazzi 760 |
|
Branches: |
There are no
branch |
|
Related
Companies: |
Brasil Prisma
Ltda. |
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the
stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
This is a
private company. It is related to: |
|
Management: |
Carlos Israel
Bustin Sosa, President |
|
FINANCIAL
INFORMATION
|
|
|
This is a
private company which does not make its financials public. There are
no financial connected to the subject |
|
LEGAL FILINGS
There are no
legal records for the subject |
|
SUMMARY
|
|
|
The company is
dedicated to the wholesale of chemical products. |
|
RISK INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Unknown |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
INTERVIEW
|
|
|
NAME |
Gustavo |
|
POSITION |
Administrative |
|
COMMENTS |
He only
confirmed address and related company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
UYU |
1 |
Rs.2.26 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.