MIRA INFORM REPORT

 

 

Report Date :

23.08.2012

 

IDENTIFICATION DETAILS

 

Name :

CATA TECIDOS E EMBALAGENS INDUSTRIAIS LIMITADA

 

 

Formerly Known As :

CATA NORDESTE S/A

 

 

Registered Office :

Rua Dos Plásticos, 315 Área Industrial Leste - Bairro Copec , Zip Code 42810-240 - Camaçari/Ba

 

 

Country :

Brazil

 

 

Date of Incorporation :

06.10.1980

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturer of yarns

 

 

No. of Employees :

Not Available  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

Status :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

CATA TECIDOS E EMBALAGENS INDUSTRIAIS LIMITADA

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA DOS PLÁSTICOS, 315 ÁREA INDUSTRIAL LESTE - BAIRRO COPEC

ZIP CODE/CITY:

42810-240 - CAMAÇARI/BA

 

 

PHONE:

71 2108-6184

FAX:

71 2108-6184

E-MAIL:

vilma.morata@grupocata.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA FUNCHAL,538 12º ANDAR - VILA OLIMPIA

ZIP CODE/CITY:

04551-060 SAO PAULO/SP

 

 

ADDRESS:

AV. OSVALDO GONÇALVES CRUZ,457 IPANEMA3

ZIP CODE/CITY:

91760-060 PORTO ALEGRE/RS

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF YARNS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

06/10/1980

REGISTER DATE:

06/10/1980

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

15.689.185/0001-60

STATE REGISTER:

12211878

 

 

SHARE CAPITAL:

R$ 23.107.556,00

 

BOARD OF DIRECTORS:

 

 

 

ANDRÉ MARIANO CORDEIRO DE FREITAS

MANAGER

CARLOS ALBERTO AGUIAR GOMES DE MENDONÇA MOTA

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

SPIN - SOCIEDADE DE PARTICIPAÇÕES E INVESTIMENTOS LTDA

R$ 20.981.395,00

CARLOS ALBERTO AGUIAR GOMES DE MENDONÇA MOTA

R$ 1,00

 

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

C + M MULTIFILAMENTOS DO BRASIL LTDA

 

RECICATA CATA RECICLAGEM LTDA

 

B B FERTIL INDUSTRIA E COMERCIO DE BIG BAGS LTDA

 

BRASFLEX COMPONENTES TÊXTEIS LTDA

 

 ATNF MANUTENCAO INDUSTRIAL LTDA ME

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 06, 1980 AS CATA NORDESTE S/A TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER 13, 2007 IT ADOPTED THE ABOVE-MENTIONED NAME.

 

IN DECEMBER 2007 THE COMPANY TOOK OVER CATA TECIDOS TÉCNICOS LTDA. CNPJ 05.792.223/0001-52.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

THE SHARE CAPITAL REGISTERED AT THE REGISTER OF COMPANIES IS R$ R$ 23.107.556,00, WHILE THE TOTAL OF THE PARTNERS SHARE CAPITAL AGGREGATES TO R$ R$ 20.981.396,00. WE HAVE CONTACTED THE REGISTER OF COMPANIES WHICH STATED THAT THE COMPANY SHALL MAKE ANOTHER FILLING CORRECTING THIS VALUE AND IT WILL REMAINS LIKE THIS UNTIL THEY DO SO.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. VILMA, FINANCIAL 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:

 

PROTESTS:

 

2  PROTESTS,TOTAL AMOUNT R$ 11.280,00

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

CARTORIO DE CAMACARI/BA

09/01/2012

R$ 280,00

CARTORIO DE CAMACARI/BA

17/02/2011

R$ 11.000,00

 

 

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$ 2,01

 - OFFICIAL RATE ON 21/08/2012

 

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 YARNS.

 

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 WELL-ESTABLISHED COMPANY, OPERATING SINCE 1980. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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.

 

THE PROTESTS FOUND ARE CONSIDERED IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE

 

 

 

PAYMENT HISTORY:

 

06 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 112.921,00

 

AMOUNT OF INVOICES PAID: 43

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 13.230,00

HIGHEST CREDIT: R$ 13.230,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

2

2

R$ 6.994,44

 

 

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.55.51

UK Pound

1

Rs.87.60

Euro

1

Rs.69.17

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.