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Report No. : |
325018 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
STAHL URUGUAY SA |
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Registered Office : |
Zonamerica-OF 704 A, Est. Monte 91600 Montevideo |
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Country : |
Uruguay |
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Date of Incorporation : |
01.05.2014 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
The company imports and sales leather coatings, performance coatings, and other substrates. |
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No. of Employees : |
3 Employees |
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 : |
Slow but correct |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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, and President-elect Tabare VAZQUEZ has said he will maintain his predecessor’s mix of pro-market policies and a strong social safety net.
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Source
: CIA |
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Order: |
STAHL URUGUAY S.A |
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Address in the order: |
ZONAMERICA OF. 704 A RUTA 8
KM. 17.500 91600 MONTEVIDEO |
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Legal Name: |
STAHL URUGUAY SA |
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Trade Name: |
STAHL URUGUAY |
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RUT: |
213525450011 |
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Date Created: |
May 1, 2014 |
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Date Incorporated: |
2014 |
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Legal Address: |
Zonamerica-OF 704 A, Est. Monte |
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Operative Address: |
Zonamerica-OF 704 A, Est. Monte |
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Telephone: |
598 2518 2261 |
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Fax: |
598 2518 2261 |
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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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Contact: |
Maria Cecilia Castrillon |
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Staff: |
3 |
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Activity: |
Wholesale of chemical |
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Banco Central de Uruguay |
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The company does not make its banking data public |
The company previously operated as Clariant, and in 2014 it was acquired
by Stahl to operate as Stahl Uruguay S.A.
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The company imports and sales leather coatings, performance coatings,
and other substrates. |
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Products/Services description: |
The company offers re-tanning and dyeing solutions; finishes to upgrade
leather products; and acrylic emulsions, polyurethane dispersions and
hybrids, polyurethanes for flexible packaging, and carbodiimide cross
linkers. |
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Brands: |
Stahl |
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Sales are: |
Wholesale |
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Clients: |
VERNON ICSA |
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Suppliers: |
Stahl De Mexico SA De Cv |
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Operations area: |
National and International |
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The company imports from |
Germany, Spain, India |
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The company exports to |
Argentina, Brazil, Paraguay, Chile |
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The subject employs |
3 employees |
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Payments: |
90 days-confirmed with the company |
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Headquarters : |
Zonamerica-OF 704 A, Est. Monte |
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Branches: |
The company does not have branches |
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Industry: |
Companies in this industry distribute plastics materials, alkalis and
chlorine, detergents and soaps, adhesives, and industrial gases. Chemical distribution is a cyclical business dependent on industrial
demand. The profitability of individual companies depends on an efficient
distribution system. Larger companies can offer more products and services.
Local and regional distributors can compete effectively through superior
service or geographic focus. Products, Operations & Technology Major products are plastics materials, alkalis and chlorine,
detergents and soaps, adhesives, and industrial gases. Plastics account for
about a quarter of industry revenue. |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. It is a
subsidiary of: |
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Management: |
Maria Cecilia Castrillon, Sales Manager |
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Related Companies: |
PIELSOLOR SA |
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This company shares same owners |
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This is a private company which does not make its financial figures
public. The following information has been provided by the company. |
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USD 2013 |
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Revenue |
10 000 000 |
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Cash Flow |
Normal |
There are no legal connected to the subject
Stahl Uruguay is a chemical wholesale with only 1 year of experience in
the country operating under said name.
The company has only 3 employees and it is owned by Stahl Europe, with
main operations in Spain, Germany and Netherlands.
It mainly imports from parent company and wholesale in Latin America.
The company is well established, supported by its parent company and
operating iwth high revenue.
We suggest monitoring progress during the following 12 months to check
progress in the country.
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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NAME |
Mauricio Bugani |
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POSITION |
Administrative |
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COMMENTS |
He confirmed RUT, activity, staff, experience, previous experience, manager,
parent comapny, imports, exports, payment terms, revenue. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.18 |
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|
1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
VNT |
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 |
-- |
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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.