MIRA INFORM REPORT

 

 

Report Date :

16.02.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

BRAMER - COMERCIAL IMPORTADORA E EXPORTADORA LTDA

 

 

Registered Office :

Av. 7 De Setembro,1270 – Centro, 93600-000 - Estancia Velha/Rs, Brazil

 

 

Country :

Brazil

 

 

Date of Incorporation :

25.01.2010

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trade of Raw Material for the Textile Industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Name

 

BRAMER - COMERCIAL IMPORTADORA E EXPORTADORA LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS                                       : AV. 7 DE SETEMBRO,1270 - CENTRO

ZIP CODE/CITY                                        : 93600-000 - ESTANCIA VELHA/RS

PHONE                                                    : 51 8421-7169

FAX                                                         : 51 8421-7169

E-MAIL                                                     : paulo.polettijr@hotmail.com

 

 

BRANCHES

 

NOT AVAILABLE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

TRADE OF RAW MATERIAL FOR THE TEXTILE INDUSTRY.

 

LEGAL FORM                                                                        : LIMITED LIABILITY COMPANY

INCORPORATION DATE                                                         : 25/01/2010

REGISTER DATE                                                                    : 25/01/2010

BALANCE SHEET FILING DATE                                              : 31/12

TAX CONTRIBUTOR NUMBER(CNPJ)                                       : 11.519.336/0001-81

STATE REGISTER                                                                  : 1.650.153.756

SHARE CAPITAL                                                                    : R$ 40.000,00

 

BOARD OF DIRECTORS:                                                             

 

PAULO JAIRO POLETTI JUNIOR                                                MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

SHAREHOLDERS / PARTNERS:

PAULO JAIRO POLETTI JUNIOR                                                           98%

JOSE ADELINO ALVAREZ FRANCHINI                                                  2%

 

AFFILIATES / SUBSIDIARIES:

COOPER S COML EXPORTADORA E IMPORTADORA LTDA                                 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JANUARY 25, 2010 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

BUSINESS ADDRESS HAS CHANGED FROM (AV. ELMIRA PEREIRA SILVEIRA, 729 ALVORADA/ES) TO THE PRESENT REGISTERED ONE.

 

THE INQUIRED NAME “BRAMER INT’L HIDES & SKINS” IS THE NAME SUBJECT USE TO DO BUSINESS ABROAD.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SEND TO YOUR ATTENTION.

 

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 AS THEY ARE STILL NOT AUTHORIZED TO DO SO.

 

OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT.

 

 

EXCHANGE RATE

 

US$ 1,00 = R$ 1,67                  - OFFICIAL RATE ON 07/02/2011

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'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").

 

ACTIVITIES COMMENTS

 

TRADE OF RAW MATERIAL FOR THE TEXTILE INDUSTRY.

 

 

IMPORT AND EXPORT

 

IMPORTS FROM:

NOT AVAILABLE

 

EXPORTS TO:

NOT AVAILABLE

 

 

MAIN CLIENTS

 

DOMESTIC CLIENTS:

NOT AVAILABLE

 

 

STAFF

 

NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2010. SO FAR IT HAS A CLEAR TRADE HISTORY BUT ITS PAYMENT BEHAVIOUR AND ITS REPUTATION ARE STILL UNKNOWN FOR THE LOCAL SOURCES CONSULTED.

 

LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT FACILITIES.

 

 

MAIN SUPPLIERS

 

DOMESTIC SUPPLIERS:

 

NOT AVAILABLE

 

PAYMENT HISTORY:

 

NO PAYMENT RECORD IS REGISTERED.

 

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.45.45

UK Pound

1

Rs.72.90

Euro

1

Rs.61.43

 

 

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.