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Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BAZAR |
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Registered Office : |
Rua Vinte Cinco De Marco, 575, 4 Andar Conjunto 02 - Parque D. Pedro
Ii 01021-200 - Sao Paulo/Sp |
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Country : |
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Date of Incorporation : |
02.10.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade of Wearing Apparel. |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Brazil - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are somewhat higher. Despite slower growth in 2011, Brazil overtook the United Kingdom as the world's seventh largest economy in terms of GDP. Urban unemployment is at the historic low of 4.7% (December 2011), and Brazil's traditionally high level of income equality has declined for each of the last 12 years. Brazil's high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchanges markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.
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Source : CIA |
BAZAR INDIA
COMERCIO E REPRESENTACAO LTDA
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MAIN ADDRESS: |
RUA VINTE CINCO DE MARCO, 575, 4 ANDAR CONJUNTO 02 - PARQUE D. PEDRO
II |
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ZIP CODE/CITY: |
01021-200 - SAO PAULO/SP |
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PHONE: |
11 3228-1588 |
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FAX: |
11 3228-1588 |
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E-MAIL: |
nancyfinanceiro@hotmail.com |
BRANCHES:
NOT AVAILABLE.
MAIN ACTIVITIES:
TRADE OF WEARING APPAREL.
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
02/10/2000 |
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REGISTER DATE: |
01/11/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
04.125.792/0001-81 |
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STATE REGISTER: |
116.023.804.116 |
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SHARE CAPITAL: |
R$ 250.000,00 |
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BOARD OF
DIRECTORS: |
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HARPREET SINGH |
MANAGER |
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MARY KATIA GABRIEL BARBOSA |
MANAGER |
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
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SHAREHOLDERS /
PARTNERS: |
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HARPREET SINGH |
R$ 247.500,00 |
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MARY KATIA GABRIEL BARBOSA |
R$ 2.500,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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BAHAMAS IMPORTACAO E EXPORTACAO LTDA |
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NANCY CREATIONS COMERCIO DE ROUPAS LTDA - ME |
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THE SUBJECT WAS ESTABLISHED ON OCTOBER 02, 2000 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS.
PARTNERS:
HARPREET SINGH: INDIAN, HOLDER OF DOCUMENTS CPF 215.581.298-12, RG
V2089484 SP, RESIDENTIAL ADDRESS AT RUA DR. GABRIEL DOS SANTOS 60, APTO 82, SAO
PAULO/SP.
MARY KATIA GABRIEL BARBOSA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
135.613.158-10, RG 247308547 SP, RESIDENTIAL ADDRESS AT AV. TIRADENTES 698,
TPAO 101, SAO PAULO/SP.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
REMARKS:
--------
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. MARY, 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 INFORMATION:
NO DETRIMENTAL FILES WERE FOUND.
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.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,10 |
- OFFICIAL RATE ON 04/12/2012 |
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
NOT AVAILABLE.
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
NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN
CENTRAL BANK"). DATE RESEARCHED: DECEMBER 04, 2012.
TRADE OF WEARING APPAREL.
IMPORT AND EXPORT:
IMPORTS FROM:
NOT AVAILABLE.
EXPORTS TO:
NOT AVAILABLE.
MAIN CLIENTS:
DOMESTIC CLIENTS:
NOT AVAILABLE.
STAFF:
THE COMPANY HAS: 13 EMPLOYEE(S)
THE SUBJECT WAS ESTABLISHED IN 2000. 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.
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY:
NO PAYMENT RECORD IS REGISTERED.
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.54.20 |
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|
1 |
Rs.86.99 |
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Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.