MIRA INFORM REPORT

 

 

Report Date :           

29.10.2011

 

IDENTIFICATION DETAILS

 

Name :

OLAM BRASIL LTDA

 

 

Registered Office :

Rua Marcos Macedo,1333 Sala 415 Torre Corporate Patio Dom Luis - Bairro Aldeota, Zip Code 60150-190 - Fortaleza/Ce

 

 

Country :

Brazil

 

 

Date of Incorporation :

21.06.2000

 

 

Legal Form :

Limited Liability Company        

 

 

Line of Business :

Trade of food 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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

OLAM BRASIL LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA MARCOS MACEDO,1333 SALA 415 TORRE CORPORATE PATIO DOM LUIS - BAIRRO ALDEOTA

ZIP CODE/CITY:

60150-190 - FORTALEZA/CE

 

 

PHONE:

85 3267-5993 

FAX:

85 3267-5993

E-MAIL:

naveed@olamnet.com

 

BRANCHES:

 

 

 

ADDRESS:

RUA GOMES DE CARVALHO,1327 12º ANDAR

ZIP CODE/CITY:

04547-005 SÃO PAULO/SP

PHONE:

11 3849-6888

FAX:

11 3849-6413

 

 

ADDRESS:

RUA PROFESSOR EURÍPEDES SIMÕES DE PAULA,419 - BRÁS

ZIP CODE/CITY:

03006-010 SÃO PAULO/SP

PHONE:

11 3017-8499

 

 

ADDRESS:

AV. HISTORIADOR RUBENS DE MONDONÇA,1894 17º ANDAR

ZIP CODE/CITY:

78050-000 CUIABA/MT

CNPJ:

039022520

 

 

ADDRESS:

AV. PRUDENTE DE MORAIS,507 SALA 1202

ZIP CODE/CITY:

59020-400 NATAL/RN

 

 

ADDRESS:

RODOVIA MT 130, KM 14 MAIS,75  KM A ESQUERDA S/N

ZIP CODE/CITY:

78850-000 PRIMAVERA DO LESTE/MT

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

TRADE OF FOOD PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

21/06/2000

REGISTER DATE:

21/06/2000

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

03.902.252/0001-02

STATE REGISTER:

62998544

 

 

SHARE CAPITAL:

R$ 7.368.800,00

 

 

BOARD OF DIRECTORS:

 

 

 

SATHYAMURTHY MAYILSWAMY

PRESIDENT DIRECTOR

MARCELO MARTINHO PEDRO

MANAGER

JASPAL SINGH

MANAGER

RAHUL BOTHRA

MANAGER

NITIN MITTAL

MANAGER

MARCELO APARECIDO DE ALCANTARA OLIVEIRA

MANAGER

NELSON JOAO MONTAGNA JUNIOR

MANAGER

MATTHEW JOHN ROBBINS

MANAGER

CARLOS ROLANDO SALINAS CASILLAS

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

OLAM INTERNATIONAL LTD (CINGAPURA)

R$ 7.366.798,00

SATHYAMURTHY MAYILSWAMY

R$ 2,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

CRMP IMOBILIARIA LTDA

 

ARKTECH SISTEMAS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 21, 2000 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

THE COMPANY OPERATES WITH THE TRADE NAME "OLAM".

 

PARTNERS:

 

OLAM INTERNATIONAL LTD (CINGAPURA): HEADQUARTERED AT 9 TEMASEK BOULEVARD 11-02 SUNTEC TOWER TWO, SINGAPORE 03889, REGISTRATION, NIRE 05.708.602/0001-11.

 

SATHYAMURTHY MAYILSWAMY: INDIAN, MARRIED, HOLDER OF DOCUMENTS CPF 233.017.868-98, RNE V522932-G/DPF/SP, SSP/SP, RESIDENTIAL ADDRESS AT AV. WASHINGTON LUIS 1576, APTO 121, SÃO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. NAVEED, CONTROLLER DEPARTMENT, 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.

 

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

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,76

 - OFFICIAL RATE ON 26/10/2011

 

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 FOOD PRODUCTS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE

 

 

 

STAFF:

 

THE COMPANY HAS: 67 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2000. SO FAR IT HAS A CLEAR TRADE HISTORY AND SATISFACTORY PAYMENT BEHAVIOUR. BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE

 

 

 

PAYMENT HISTORY:

 

3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 3.771.932,00

 

AMOUNT OF INVOICES PAID: 122

TOTAL OF PROMPT PAYMENTS: 78%

TOTAL OF DELAYED PAYMENTS: 22%

 

HIGHEST INVOICE: R$ 496.418,00

HIGHEST CREDIT: R$ 496.418,00

 

 

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.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.