MIRA INFORM REPORT

 

 

Report Date :           

06.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SUPERFINE STEEL AÇOS INOXIDÁVEIS LTDA

 

 

Registered Office :

Rua Antonio João Abdalla, 351 - Cidade Industrial , Zip Code 13456-168 - Santa Barbara D´Oeste/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

01.06.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Wires and other Steel Products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually 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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

SUPERFINE STEEL AÇOS INOXIDÁVEIS LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA ANTONIO JOÃO ABDALLA, 351 - CIDADE INDUSTRIAL

ZIP CODE/CITY:

13456-168 - SANTA BARBARA D´OESTE/SP

 

 

E-MAIL:

gerencia@superfine.com.br

WEB SITE:

www.superfine.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA ROBERTO ALVES DE ALMEIDA, 227 DISTRITO INDUSTRIAL

ZIP CODE/CITY:

13456-136 SANTA BÁRBARA D´OESTE/SP

PHONE:

19 3455-0113

 

 

ADDRESS:

RUA RICARDO FRACASSI,320 DISTRITO INDUSTRIAL I

ZIP CODE/CITY:

13457-209 SANTA BÁRBARA D´OESTE/SP

PHONE:

19 3454-1970

 

 

ADDRESS:

RUA DOS PÁSSAROS,70 MOOCA

ZIP CODE/CITY:

03168-020 SÃO PAULO/SP

PHONE:

11 2601-9878

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

01/06/1995

REGISTER DATE:

07/08/1995

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

00.749.526/0001-79

STATE REGISTER:

148.278.533.118

 

 

SHARE CAPITAL:

R$ 150.000,00

LAST REGISTER OF CAPITAL:

29/10/2003

 

BOARD OF DIRECTORS:

 

 

 

JOÃO PASSARELA

MANAGER

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

JOÃO PASSARELA

R$ 148.500,00

PEDRO HENRIQUE PASSARELLA

R$ 1.500,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

TREFIMAQ INDUSTRIA E COMERCIO DE MAQUINAS

 

SUPERFINE STEEL DISTRIBUIDORA DE PRODUTOS

 

J.P. &A - PARTICIPAÇÕES E ADMINISTRAÇÃO

 

LUA DE MEL EMBALAGENS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 01, 1995 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: SUPERFINE STEEL

 

PARTNERS:

 

JOÃO PASSARELA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 851.962.078-72, RG 95196729 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO 150, APTO 261, SÃO PAULO/SP.

 

PEDRO HENRIQUE PASSARELLA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 332.826.598-81, RG 333627507 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO 150, APTO 261, SÃO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

THE COMPANY IS NOT OPERATING AT “RUA ANTONIO JOÃO ABDALLA 351, SANTA BARBARA D´OESTE/SP”. IT IS STILL THE REGISTERED ADDRESS BUT ALL THE ACTIVITIES HAS BEEN TRANSFERRED TO THE BRANCHES.

 

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

 

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:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

08/05/07

VARA DE SP - SANTA BÁRBARA D´OESTE

 

 

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$ 1,55

 - OFFICIAL RATE ON 04/07/2011

 

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

 

MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 160 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1995. SO FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOUR.

 

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.

 

THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE.

 

 

 

PAYMENT HISTORY:

 

02 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 3.472,00

 

AMOUNT OF INVOICES PAID: 6

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 772,00

HIGHEST CREDIT: R$ 772,00

 

 

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.44.50

UK Pound

1

Rs.71.25

Euro

1

Rs.64.40

 

 

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.