MIRA INFORM REPORT

 

 

 

Report Date :

13.09.2008

 

IDENTIFICATION DETAILS

 

Name :

WELD-INOX SOLDAS ESPECIAIS LTDA.

 

 

Registered Office :

Rua Teyupa,106 - Jd. Yambere 09970-000 - Diadema/SP

 

 

Country :

Brazil

 

 

Date of Incorporation :

07.06.1982

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Electrode and Weld for Electroplating Process

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 

name of the company

 

WELD-INOX SOLDAS ESPECIAIS LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA TEYUPA,106 - JD. YAMBERE

ZIP CODE/CITY:

09970-000 - DIADEMA/SP

 

 

PHONE:

11 4059-4040

FAX:

11 4059-9933

E-MAIL:

financeiro@weldinox.com.br

WEB SITE:

http://www.weldinox.com.br

 

BRANCHES:

 

NOT AVAILABLE

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

MANUFACTURE OF ELECTRODE AND WELD FOR ELECTROPLATING PROCESS.

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

07/06/1982

REGISTER DATE:

07/06/1982

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

50.479.443/0001-85

STATE REGISTER:

286.142.102.112

 

 

SHARE CAPITAL:

R$ 500.000,00

 

BOARD OF DIRECTORS:

 

 

 

SERGIO FERNANDES MIRALHA

MANAGING PARTNER

MAURICIO FERNANDES MIRALHA

MANAGING PARTNER

 

 

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

SERGIO FERNANDES MIRALHA

92%

MAURICIO FERNANDES MIRALHA

8%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 7, 1982 TO BE ENGAGED IN THE SAID LINE OF BUSINESS

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS DIRLENE, FINANCIAL MANAGER, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC RECORDS INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT’S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION.

 

OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,82

 - OFFICIAL RATE ON 11/09/2008

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF UPDATED FINANCIAL DATA NO COMMENTS CAN BE PROVIDED ABOUT THE COMPANY'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

NOT AVAILABLE

VEHICLES:

 

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE

 

 

BANKING REFERENCES

 

NOT AVAILABLE

 

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). DATE RESEARCHED: SEPTEMBER 11, 2008.

 

 

 

 

 

 

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF ELECTRODE AND WELD FOR ELECTROPLATING PROCESS.

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE

 

EXPORTS TO:

NOT AVAILABLE

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE

 

 

 

STAFF:

 

THE COMPANY HAS: 90 EMPLOYEE(S)

 


 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A FAMILY-RUN COMPANY WHICH WAS ESTABLISHED IN 1982. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER OF TRADE CREDIT FACILITIES.

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE

 

 

 

 

 

 

 

PAYMENT HISTORY:

 

03 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 5.540,00

 

AMOUNT OF INVOICES PAID: 4

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 2.526,00

HIGHEST CREDIT: R$ 2.526,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

 

 

 

 

 

 

 

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 72,00

 

 

FINAL OPINION

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.94

UK Pound

1

Rs.82.84

Euro

1

Rs.65.95

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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