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Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
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Name : |
GML STEEL S.A. |
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Registered Office : |
Ruta 8, km.
17.500, Edificio 200 - Local 208 - Oficina 7, C.P. 91600, Montevideo |
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Country : |
Uruguay |
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Year of Establishments : |
2010 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
·
Engaged in
Trading Special Steel Materials. · Subject act as intermediaries between Steel Suppliers and Customers as well engaged in Buying and Selling Special Steel. Subject product line are as follows: · Carbon Steel · High Speed Steel · Austenitic Stainless Steel · Case-hardened Steel · Martensitic Stainless Steel · Quenched and tempered alloy Steel · Duplex · Tubes · Nitriding Alloy Steel · Free cutting Steel · Tool Steel · Antiabrasion plates · Carbon steel coils ( SAE 1010/1020/S355J2) · Carbon Steel plates ( ASTM A36 / S355J2) · Coils (AISI M2/ SAE 52100) · Welded tubes for all qualities described for seamless tubes ·
Stainless steel profile, elbow, fitting
(304/304L/316/316L) |
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No of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Uruguay |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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LOCATION FACTS |
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Government |
Republic |
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Currency |
100.00 USD = 2,397.00 UYU |
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Economic Risk |
Low |
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STATUTORY INFORMATION |
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Legal Name: |
GML Steel S.A. |
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Trade Name: |
GML Steel |
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ID: |
NA |
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Date Created: |
2010 |
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Date Incorporated: |
2010 |
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Legal Address: |
Ruta 8, km. 17.500 |
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Operative Address: |
Ruta 8, km. 17.500 |
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Telephone: |
598 25185269 |
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Fax: |
598 94361439 |
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Legal Form: |
Sociedad Anónima |
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Email: |
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Registered in: |
Uruguay |
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Website: |
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Manager: |
Leandro Gros |
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Staff: |
2 |
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Activity: |
·
Engaged in
Trading Special Steel Materials. · Subject act as intermediaries between Steel Suppliers and Customers as well engaged in Buying and Selling Special Steel. |
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BANKS |
Banco de Uruguay |
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The company does not make its banking data public. |
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HISTORY |
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GML Steel, founded in 2010, is specialised in trading
special steel materials. |
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PRINCIPAL ACTIVITY |
·
Engaged in
Trading Special Steel Materials. · Subject act as intermediaries between Steel Suppliers and Customers as well engaged in Buying and Selling Special Steel. |
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Products/Services description: |
· Carbon Steel · High Speed Steel · Austenitic Stainless Steel · Case-hardened Steel · Martensitic Stainless Steel · Quenched and tempered alloy Steel · Duplex · Tubes · Nitriding Alloy Steel · Free cutting Steel · Tool Steel · Antiabrasion plates · Carbon steel coils ( SAE 1010/1020/S355J2) · Carbon Steel plates ( ASTM A36 / S355J2) · Coils (AISI M2/ SAE 52100) · Welded tubes for all qualities described for seamless tubes · Stainless steel profile, elbow, fitting (304/304L/316/316L) |
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Sales are: |
Wholesale |
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Clients: |
Latin America, Colombia |
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Suppliers: |
Dongbei Special Steel (www.dtsteel.com)
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Operations area: |
National and International |
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The company imports from |
China, India |
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The company exports to |
Latin America |
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The subject employs |
2 employees |
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Payments: |
No Complaints |
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LOCATION |
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Headquarters : |
Ruta 8, Km 17.500,
Edificio 200, Local 208, Oficina 7 |
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Branches: |
The company does not have branches |
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Industry: |
Companies
in the industry distribute steel and other primary metals and metal products
and may also provide sawing, shearing, bending, leveling, cleaning, or edging
services. Steel
products are made from carbon or alloy, stainless, or specialty steels, and
come in the form of sheets, plates, bars, rods, tubes, and structural items
like rails and I-beams. In addition to selling steel mill products, distributors
sell various processing services that customize products for particular
customers. Because of the large number of steel products, most distributors
specialize in the types of steel they carry and types of processing
operations they perform. Different grades of metal and the varying
thicknesses and sizes of materials result in a large variety of products. A
large distributor may handle more than 100,000 products. |
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GROUP STRUCTURE AND SUBSIDIARY
COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders %: |
The company would be related to Sawyl Company S.A. |
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Management: |
Leandro Gros, Manager |
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Related Companies: |
The company has locations at Perú, Chile, Argentina,
Brazil, Mexico, Italy, China and Ecuador. |
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FINANCIAL INFORMATION |
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This is a private company which does not make its
financial figures public. The following information has been confirmed by our
private sources. |
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2013 |
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Revenue |
1 100 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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There are no legal/criminal for the subject |
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SUMMARY |
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GML Steel is an Uruguayan intermediary between steel suppliers and clients. Suppliers are mainly from China and clients from Latin America. The company has branch managers through Latin America, it has a small sized structure. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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ENTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We called at the company but received no answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.32 |
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UK Pound |
1 |
Rs.98.64 |
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Euro |
1 |
Rs.76.60 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.