MIRA INFORM REPORT

 

 

Report Date :

05.11.2012

 

IDENTIFICATION DETAILS

 

Name :

A. AZEVEDO INDUSTRIA E COMERCIO DE OLEOS LTDA

 

 

Registered Office :

Rua Dianopollis, 1070 - Parque Da Mooca, Sao Paulo, 03126-007

 

 

Country :

Brazil

 

 

Date of Incorporation :

1965

 

 

Com. Reg. No.:

61278875000144

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of crude oils and fats

 

 

No. of Employees :

70

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

(Without Financials)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No complaints

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

Source : CIA

 

Company name and address

 

A. Azevedo Industria E Comercio de Oleos Ltda

 

 

 

Rua Dianopólis, 1070 - Parque Da Moóca

 

 

Sao Paulo, 03126-007

Brazil

 

Tel:

55-11-38064800

Fax:

55-11-20612111

 

www.azevedooleos.com.br

 

 

Employees:

70

Company Type:

Private Independent

 

 

Incorporation Date:

1965

 

Financials in:

 

Reporting Currency:

US Dollar

Annual Sales:

14.5

Total Assets:

NA

 

 

 

 

 

 

 

 

 

 

Business Description

 

 

Oil

 

 

Industry

 

 

 

Industry

Food Processing

ANZSIC 2006:

1150 - Oil and Fat Manufacturing

NACE 2002:

1541 - Manufacture of crude oils and fats

NAICS 2002:

311222 - Soybean Processing

UK SIC 2003:

1541 - Manufacture of crude oils and fats

US SIC 1987:

2075 - Soybean Oil Mills

 

 

Key Executives

 

 

 

Name

Title

 

José Calvo Morales

Director-Presidente

 

Maives Araújo

Supervisora de Vendas

 

Maria Del Carmen Calvo Morales

Diretora de Compras

 

Shesi Naka

Gerente de Produção

 

Andres Calvo Morales

Executive

 

 

 

Registered No.(BRA)

 

61278875000144

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

 

 

Location
Rua Dianopólis, 1070 - Parque Da Moóca
Sao Paulo, 03126-007
Brazil

 

Tel:

55-11-38064800

Fax:

55-11-20612111

 

www.azevedooleos.com.br

Sales USD(mil):

14.5

Assets USD(mil):

NA

Employees:

70

 

 

 

Industry:

Food Processing

Incorporation Date:

1965

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(BRA):

61278875000144

 

Director-Presidente:

José Calvo Morales

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1150

-

Oil and Fat Manufacturing

 

NACE 2002 Codes:

1541

-

Manufacture of crude oils and fats

 

NAICS 2002 Codes:

311222

-

Soybean Processing

 

US SIC 1987:

2075

-

Soybean Oil Mills

 

UK SIC 2003:

1541

-

Manufacture of crude oils and fats

 

 

Business Description

 

Oil

 

More Business Descriptions

Soybean oil mills

 

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

14.5

 

1 Year Growth

NA

 

 

Executives Report

 

Executives

 

Name

Title

Function

 

José Calvo Morales

 

Director-Presidente

President

 

Maives Araújo

 

Supervisora de Vendas

Sales Executive

 

Adriano Genovese

 

Gerente Marketing

Marketing Executive

 

Shesi Naka

 

Gerente de Produção

Manufacturing Executive

 

Maria Del Carmen Calvo Morales

 

Diretora de Compras

Purchasing Executive

 

Andres Calvo Morales

 

Executive

Other

 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.66

UK Pound

1

Rs.86.37

Euro

1

Rs.69.24

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.