|
|
|
MIRA INFORM REPORT
|
Report No. : |
492373 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SCOULAR URUGUAY SA |
|
|
|
|
Registered Office : |
Av. Italia 7519, Of. 206 CP. 11100 - Montevideo |
|
|
|
|
Country : |
Uruguay |
|
|
|
|
Date of Incorporation : |
25.11.2010 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
·
The company is
engaged in the agricultural services, import, export, marketing, distribution
of grains, seeds and feed ingredients trading and logistics.
|
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Uruguay |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
URUGUAY - ECONOMIC OVERVIEW
Uruguay has a free market economy characterized by an export-oriented agricultural sector, a well-educated workforce, and high levels of social spending. Uruguay has sought to expand trade within the Common Market of the South (Mercosur) and with non-Mercosur members, and President VAZQUEZ has maintained his predecessor’s mix of pro-market policies and a strong social safety net.
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 markedly in the period 2012-16 as a result of a renewed slowdown in the global economy and in Uruguay's main trade partners and Mercosur counterparts, Argentina and Brazil. Reforms in those countries should give Uruguay an economic boost. Growth picked up in 2017.
|
Source
: CIA |
CONFIDENTIAL
REPORT
|
COMPANY NAME |
SCOULAR URUGUAY SA |
|
TAX ID. TYPE |
RUT |
|
TAX ID. NUMBER |
21-658996001-5 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Av. Italia 7519, Of. 206 |
|
CITY/PROVINCE/STATE |
CP. 11100 - Montevideo |
|
PHONE NUMBER(S) |
(598-2) 603.9586 |
|
FAX NUMBER(S) |
(598-2) 603.9586 |
|
EMAIL |
|
|
WEBSITE |
|
|
REMARKS OF IDENTIFICATION |
Other mails: dpucciarelli@scoular.com This report was requested as SCOULAR
URUGUAY SA, address: Avenida Italia 7519 of 206 Montevideo (11100), Uruguay
and RUT 216589960015. Please notice that the correct data is shown above. |
|
PAYMENT RECORDS |
No Complaints |
LEGAL
INFORMATION
|
TYPE OF COMPANY |
Stock Company |
|
INCORPORATION DATE |
25/11/2010 |
|
CITY OF REGISTRATION |
Montevideo |
|
REGISTRY NUMBER |
D.G.R. No. 17206 |
|
TERM |
100 years |
|
INITIAL CAPITAL |
Ps$1,000,000.00 Uruguayan Pesos |
|
SHARE CAPITAL |
Ps$1,000,000.00 Uruguayan Pesos |
|
LISTED AT STOCK EXCHANGE |
No |
LEGAL ASPECTS.-
On 11/25/2010, the company was registered as
MINOBAR SA in the General Directorate of Registries (DGR) of Legal Entities,
Commerce Section under No. 17206.
On 11/23/2011, the company modified its
corporate name by SCOULAR URUGUAY SA and was registered in the General
Directorate of Registries (DGR) of Legal Entities, Commerce Section under No.
18848.
The General Tax Directorate (DGI),
provides the certificate of annual validity of the investigated with the
following information:
Taxpayer Type: CEDE (Special Control Of
Companies), Large and medium companies, Forced to declare their sales monthly.
Status: Certificate of Annual Validity
Enabled.
Issuance: 10/11/2017
Expiration: 10/31/2018
The OFAC - Office of Foreign Assets
Control (US Office of Asset Control) agency dependent on the Office of Terrorism
and Financial Intelligence of the Ministry of Finance. (Internal Revenue
Service-IRS) that administers and applies economic sanctions imposed by the
United States against different countries or individuals. These sanctions are
based on the country's foreign policy and national security objectives and are
used to prevent countries, entities and individuals from using the US financial
system for purposes that run counter to US policy and its national security
objectives.
Therefore, SCOULAR URUGUAY SA is not
sanctioned.
RELATED
COMPANIES
|
COMPANY NAME |
TAX ID. NUMBER |
COUNTRY |
|
COMPAÑIA SCOULAR DE MEXICO S DE RL DE CV |
SME-041126-UM3 |
MEXICO |
|
SCOULAR ARGENTINA SRL |
33-71406257-9 |
ARGENTINA |
|
THE SCOULAR COMPANY |
|
CANADA |
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
|
NAME |
JOB TITLE |
STAKE |
|
PINTOS, ALBERTO |
General Manager |
|
OPERATIONS
|
SECTOR |
G- Wholesale and Retail; Repair of Motor
Vehicles and Motorcycles |
|
ACTIVITY |
Distribution of grains |
|
ISIC CATEGORY |
46- Wholesale Trade, Except for Vehicles
and Motorcycles |
|
ISIC CLASS |
4630- Wholesale of Food, Drinks and
Tobacco |
|
MAIN ACTIVITY |
The company is engaged in the
agricultural services, import, export, marketing, distribution of grains,
seeds and feed ingredients trading and logistics. |
|
% SALES IN CASH |
50% |
|
% SALES ON CREDIT |
50% (terms at 30-60 days) |
|
% TERRITORY OF SALES |
domestic market and exportation |
|
% DOMESTIC PURCHASES |
80% |
|
% FOREIGN PURCHASES |
20% |
|
N. OF EMPLOYEES |
15 |
LOCATION.-
ADMINISTRATIVE OFFICE: Located at caption
address in a commercial zone of the city with easy access.
COMMENTS AS TO OPERATIONS.-
Main Clients:
The client portfolio is composed of
companies in the food sector, food traders, among others.
Main Competitors:
ADM URUGUAY SCA
AGRO ACOPIO FERTIL SA
BUNGE URUGUAY AGRONEGOCIOS SA
CARGILL URUGUAY SA
GARMET SA
GLENCORE SA
PEGRANT URUGUAY SA
Among others
The company
imports feces and waste from brewery or distillery; residues from the starch
industry and similar residues, beet pulp, bagasse from sugar cane and other
waste from the sugar industry, including pellets; residues and waste from the
food industries; prepared foods for animals. It also exports wheat, beans of
soy.
FOREIGN
TRADE
|
|
IMPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$756,142.43 |
|
COUNTRIES |
Argentina, Paraguay, China |
|
NUMBER OF OPERATIONS |
17 |
|
|
IMPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$477,860.55 |
|
COUNTRIES |
Argentina, Paraguay |
|
NUMBER OF OPERATIONS |
16 |
|
|
IMPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$276,219.97 |
|
COUNTRIES |
Argentina, Paraguay |
|
NUMBER OF OPERATIONS |
8 |
|
|
EXPORTS |
|
YEAR |
2017 |
|
AMOUNT |
US$1,665,439.51 |
|
COUNTRIES |
Malaysia, Indonesia, Taiwan |
|
NUMBER OF OPERATIONS |
10 |
|
|
EXPORTS |
|
YEAR |
2016 |
|
AMOUNT |
US$3,438,564.69 |
|
COUNTRIES |
Malaysia, Indonesia, Taiwan, Vietman |
|
NUMBER OF OPERATIONS |
30 |
|
|
EXPORTS |
|
YEAR |
2015 |
|
AMOUNT |
US$6,124,789.22 |
|
COUNTRIES |
Vietnam, China, Indonesia, Malaysia,
Taiwan, Thailand, Burma, Philippines |
|
NUMBER OF OPERATIONS |
57 |
|
|
EXPORTS |
|
YEAR |
2014 |
|
AMOUNT |
US$8,064,594.53 |
|
COUNTRIES |
Indonesia, Vietnam, China, Taiwan,
Philippines |
|
NUMBER OF OPERATIONS |
31 |
FINANCIAL
INFORMATION
We had an interview with Mr. Diego
Pucciarelli (Commercial Department) who provided partial information of the company.
He required the inquirer’s name in order to provide further data.
INSURANCE.-
No insurance policies were found.
PAYMENTS
REFERENCES
COMMENTS OF SUPPLIERS.-
Domestic suppliers consulted do not
provide commercial information regarding clients on grounds of confidentiality.
No foreign suppliers reported.
BANK
REFERENCES
Consulted Banks do not provide information
of its clients on grounds of confidentiality.
The Central Bank of Uruguay (BCU), informs
that the company does NOT have any debt in the financial institutions of the
country, information at December 2017.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
|
UYU |
1 |
INR 2.23 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.