MIRA INFORM REPORT

 

 

Report No. :

328089

Report Date :

23.06.2015

 

IDENTIFICATION DETAILS

 

Name :

RECOUP TRADING SA

 

 

Registered Office :

Brigadier General Juan Antonio Lavalleja (Ruta 8) 9065 Montevideo, Montevideo, 91600

 

 

Country :

Uruguay

 

 

Date of Incorporation :

1997

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

The subject is dedicated to the import and wholesale of grains.

 

 

No. of Employee :

6

 

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 :

Small Company 

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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, 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.

Source : CIA

 

STATUTORY INFORMATION      

 

Order:

RECOUP TRADING SA

Address in the order:

ZONAMERICA BUSINESS AND TECHNOLOGY PARK RUTA 8 KM 17 500 EDIFICIO B 3 OF 007 CP91 600, MONTEVIDEO URAGUAY

Legal Name:

RECOUP TRADING SA

Trade Name:

RECOUP TRADING

RUC:

213715030013   

Date Created:

1997

Date Incorporated:

1997

Legal Address:

Brigadier General Juan Antonio Lavalleja (Ruta 8) 9065
Montevideo, Montevideo, 91600 Uruguay

Operative Address:

Brigadier General Juan Antonio Lavalleja (Ruta 8) 9065
Montevideo, Montevideo, 91600 Uruguay

Telephone:

25182745

Fax:

NA

Legal Form:

Joint Stock Company

Email:

NA

Registered in:

Uruguay

Website:

No website

Contact:

Vicente Jesus Niosi Liperi, President

Staff:

6

Activity:

Grain and Field Bean Merchant Wholesalers

 

 

BANK DATA

 

Banco Central de Uruguay

The company does not make its banking data public

 

 

HISTORY

                                                                         

 The company started business in 1997

 

 

PRINCIPAL ACTIVITY

The company is dedicated to the import and wholesa of grains.

Products/Services description:

Agrochemicals, Grainds 

Brands:

NA 

Clients:

AVICOLA EL MADRONO S.A.
Colombia

TALCOL DE OCCIDENTE S.A.
Colombia

SOLLA SA
Colombia

SAN FERNANDO SA
Argentina

Suppliers:

NA 

Operations area:

National and International

The company imports from

Argentina

The company exports to

Argentina, Colombia

The subject employs

6 employees

Payments:

Slow but Correct

 

 

LOCATION

                                                                         

Headquarters :

Brigadier General Juan Antonio Lavalleja (Ruta 8) 9065
Montevideo, Montevideo, 91600 Uruguay

Branches:

The company does not have branches

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES      

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

 Despite our long search, we could not confirm shareholders.

Management:

Vicente Jesus Niosi Liperi, President

Anaclara Acuña, Administrative

Lorena Perez Nell, Administrative

Related Companies:

 No related companies located

 

FINANCIAL INFORMATION

             

The company does not make its financial statements public.

 

There are no financial connected to the subject

 

 

LEGAL FILINGS

                                                                         

There are no legal connected to the subject

 

                                                                         

SUMMARY

                                                                         

 

RECOUP TRADING SA is a Uruguayan company dedicated to the grain industry. It imports and exports to the agrochemicalmarket and has 18 years of experience in the market with a small sized structure.

 

The company is active in business, with a quite low commercial profile.

 

There are no negative connected to the subject. 

 

 

RISK INFORMATION

                                                                         

 

Uruguay is a country usually chosen for foreign companies for its tax benefits and few tax requests from government.

DEBTS

Controlled

PAYMENTS

Slow but Correct

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

                                                                         

NAME

NA 

POSITION

Administrative 

COMMENTS

The person contacted only confirmed that was the company’s office. She refused to confirm any further data on the subject. 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.50

UK Pound

1

Rs.100.94

Euro

1

Rs.72.32

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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.