MIRA
INFORM REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SOLAE DO BRASIL INDUSTRIA E COMERCIO DE ALIMENTOS LTDA |
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Registered Office : |
Rod Federal, BR 116, Nº,702 - Vila Osorio 93.270-000 - Esteio/RS |
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Country : |
Brazil |
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Date of Incorporation : |
11.03.2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Food Products. |
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No. of Employees : |
320 |
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 : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
SOLAE DO BRASIL
INDUSTRIA E COMERCIO DE ALIMENTOS LTDA
ADDRESSES
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MAIN ADDRESS: |
ROD FEDERAL, BR 116, Nº,702 - VILA OSORIO |
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ZIP CODE/CITY: |
93.270-000 - ESTEIO/RS |
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PHONE: |
51 3458-9036 |
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FAX: |
51 3473-6423 |
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E-MAIL: |
esantos@solae.com |
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BRANCHES: |
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FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED
IN: LUIS EDUARDO MAGALHAES, SAO BORJAS,
PORTA GROSSA, OSASCO, BARUERI. |
LEGAL DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF FOOD PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
11/03/2003 |
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REGISTER DATE: |
11/03/2003 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
05.547.514/0001-85 |
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STATE REGISTER: |
430.103.417 |
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SHARE CAPITAL: |
R$
311.821.046,00 |
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BOARD OF
DIRECTORS: |
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MARCOS STACHER |
PRESIDENT DIRECTOR |
AUTHORIZED USE OF SIGNATURE
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THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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SOLAE DO BRASIL HOLDINGS S. AS |
100% |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON MARCH 11, 2003 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. 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
SENT 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. |
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PUBLIC RECORDS
INFORMATION: |
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PROTESTS: |
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2 PROTESTS,TOTAL AMOUNT R$ 3.102,92 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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CARTORIO DE ESTEIO/R |
06/04/2011 |
R$ 1.662,00 |
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CARTORIO DE ESTEIO/RS |
11/04/2011 |
R$ 1.440,92 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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2 |
FEDERAL LAWSUITS |
18/05/10 |
2º VARA DE ESTEIO/RS |
FINANCIAL INFORMATION
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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$ 1,72 |
- OFFICIAL RATE ON 03/02/2012 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
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NOT AVAILABLE. |
BANKING REFERENCES
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NOT AVAILABLE. |
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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"). |
ACTIVITIES COMMENTS
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MANUFACTURE OF FOOD PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 320 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 2003. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL 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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY’S
TRADE REPUTATION. THE PROTESTS ARE IRRELEVANT. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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AGROSUL AGROVIC INDUSTRIAL S/A |
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COOP SUINOCULT DO CAI SUPERIOR
TDA |
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FRIGELAR COM. DIST. S/A |
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WEIDMULLER CONEXEL DO BRASIL CONEXOES ELETRICAS LTDA |
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PAYMENT HISTORY: |
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14 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 109.181,00 |
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AMOUNT OF INVOICES PAID: 94 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 15.920,00 |
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HIGHEST CREDIT: R$ 26.164,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
2 |
2 |
R$ 6.378,00 |
FINAL OPINION
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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1 |
Rs.76.75 |
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Euro |
1 |
Rs.63.57 |
RATING EXPLANATIONS
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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 |
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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.