MIRA INFORM REPORT

 

 

Report No. :

353793

Report Date :

15.12.2015

 

IDENTIFICATION DETAILS

 

Name :

NESTELCO S.A.

 

 

Registered Office :

Ruta Km 17.500 Usuario De Zonamerica, Montevideo, Of. 207

 

 

Country :

Uruguay

 

 

Date of Incorporation :

1999

 

 

Legal Form :

Sociedad Anónima

 

 

Line of Business :

Import and Wholesale of Pharmaceutical Products.

 

 

No. of Employees :

03

 

 

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 :

Slow but correct

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:

NESTELCO S.A.

Trade Name:

NESTELCO 

ID:

214068030013   

Date Created:

1999

Date Incorporated:

1999

Legal Address:

Ruta Km 17.500 Usuario De Zonamerica, Montevideo, Of. 207, Uruguay

Operative Address:

Ruta Km 17.500 Usuario De Zonamerica, Montevideo, Of. 207, Uruguay

Telephone:

2 9039 245

Fax:

2 9039 245

Legal Form:

Sociedad Anónima

Email:

NA

Registered in:

Uruguay

Website:

No website

Contact:

Gabriel Martínez

Staff:

3

Activity:

Pharmaceutical Wholesale

 

 

BANKS

BANCO CENTRAL DE URUGUAY

 

 

 

The company does not make its banking data public

 

 

History:

 

 

The company would have been incorporated in 1999.

 

 

PRINCIPAL ACTIVITY

 

 

NESTELCO S.A. is an Uruguayan company dedicated to the import and wholesale of pharmaceutical products.

Products/Services description:

Trading, export, wholesale

Brands:

NA

Sales are:

NA

Clients:

HUMAX PHARMACEUTICAL S.A.
Colombia

GENFAR S.A
Colombia

Laboratorios Pisa S.A. De C.V
Mexico

Suppliers:

NA

Operations area:

NA

The company imports from

China

The company exports to

Mexico, Colombia

The subject employs

3 employees

Payments:

Slow but correct

 

 

LOCATION

 

Headquarters :

RUTA KM 17.500 USUARIO DE ZONAMERICA, MONTEVIDEO, OF. 207, 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 private company which does not make its shareholders public.

Management:

Gabriel Martínez, Principal

 

 

FINANCIAL INFORMATION

 

 

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

 

 

 

There are no financial for the subject.

LEGAL FILINGS

 

 

There are no legal issues regaridng the subject

 

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

NA 

POSITION

Secretary 

COMMENTS

The person contacted confirmed the legal name and address. She said they are not authorized to confirm information via telephone. We left our e-mail address and will inform if we receive further data. 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.99

UK Pound

1

Rs.101.78

Euro

1

Rs.73.47

UYU

1

Rs.2.25

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TPT

 

               

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.