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Report Date : |
07.11.2012 |
IDENTIFICATION DETAILS
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Name : |
AVANTI INDUSTRIA, COMERCIO, IMPORTACAO E EXPORTACAO LTDA |
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Registered Office : |
Rua José Scarance,888 - Distrito Industrial Ii 79613-003 - Três Lagoas/Ms |
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Country : |
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Date of Incorporation : |
08.03.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Textiles. |
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No. of Employees : |
280 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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
AVANTI INDÚSTRIA,
COMÉRCIO, IMPORTAÇÃO E EXPORTAÇÃO LTDA
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MAIN ADDRESS: |
RUA JOSÉ SCARANCE,888 - DISTRITO INDUSTRIAL II |
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ZIP CODE/CITY: |
79613-003 - TRÊS LAGOAS/MS |
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PHONE: |
67 2105-8100 |
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FAX: |
67 2105-8100 |
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E-MAIL: |
alexandre.adami@avanti-fios.ind.br |
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WEB SITE: |
www.avanti-fios.ind.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA ANGÉLICA,688 - 13º ANDAR - CONJ. 1301/1306 - HIGIENÓPOLIS |
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ZIP CODE/CITY: |
01228-000 SÃO PAULO/SP |
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PHONE: |
11 3298-8484 |
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ADDRESS: |
AVENIDA JOSÉ MENEGHEL,311 - INDUSTRIAL SIG BOER |
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ZIP CODE/CITY: |
13470-820 AMERICANA/SP |
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PHONE: |
19 2109-3434 |
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FAX: |
19 2109-3434 |
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MAIN ACTIVITIES: |
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MANUFACTURE OF TEXTILES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
08/03/2000 |
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REGISTER DATE: |
08/03/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.681.757/0001-86 |
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STATE REGISTER: |
28.313.100-4 |
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SHARE CAPITAL: |
R$
131.100.000,00 |
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BOARD OF
DIRECTORS: |
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EDWARD KHEBZOU |
MANAGER |
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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JOSEPH CHOUVEKE |
25,00% |
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DAVID ESSES |
21,25% |
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ROBERTO JOSE FAE |
20,00% |
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JACKY HALLACK DIWAN |
12,50% |
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JACK HALLAK |
12,50% |
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RACHEL SAFDIEH KATTAN |
5,00% |
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EDWARD KHEBZOU |
3,75% |
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AFFILIATES /
SUBSIDIARIES: |
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AVT INCORPORADORA LTDA |
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AVT EMPREENDIMETNOS BELA VISTA SPE LTDA |
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AVT EMPREENDIMENTOS IMOBILIARIOS ALVORADA LTDA |
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J J C COMERCIO E REPRESENTAÇÃO COMERCIAL LTDA |
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ZEHUT PARTICIPAÇÕES LTDA |
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FAE EMPREENDIMENTOS LTDA |
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THE SUBJECT WAS ESTABLISHED ON MARCH 08, 2000 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME OF "AVANTI INDÚSTRIA, COMÉRCIO,
IMPORTAÇÃO E EXPORTAÇÃO LTDA" FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. LUIZ, 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. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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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$ 2,03 |
- OFFICIAL RATE ON 05/11/2012 |
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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: |
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DETAIL OF OWNED
REAL ESTATE: |
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QUANTITY: |
1 |
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TYPE: |
BUILDING |
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VALUE: |
R$ 6.406.759,93 |
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DETAIL OF
RENTED/LEASED REAL ESTATE: |
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QUANTITY: |
1 |
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TYPE: |
BUILDING |
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VALUE: |
R$ 10.250,00 |
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 114.200,00
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MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 24.099.052,18
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INSURANCE COMPANY: |
ITAÚ SEGUROS S/A |
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COVERAGE: |
EQUITY |
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EXPIRATION: |
08/2007 |
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INSURANCE COMPANY: |
ITAÚ SEGUROS S/A |
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COVERAGE: |
LOAD TRANSPORT |
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EXPIRATION: |
07/2007 |
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
67 3509-1400 |
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BANCO SAFRA S/A |
11 3175-7302 |
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BANCO BRADESCO S/A |
11 3235-8808 |
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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 NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF TEXTILES, IN ADDITION TO
WEAVING. |
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IMPORT AND
EXPORT: |
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IMPORTS FROM: |
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CHINA, THAILAND, INDONESIA, INDIA, VIETNAM, MALAYSIA, TAIWAN AND
ARGENTINA. |
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EXPORTS TO:
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DOES NOT EXPORT. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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PHONE: |
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ADAR IND. COM. IMPORTAÇÃO E EXPORTAÇÃO LTDA |
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11 3202-5000 |
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ADATEX S/A INDUSTRIAL E COMERCIAL |
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12 2127-2300 |
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CORTTEX INDÚSTRIA TEXTIL LTDA |
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19 2109-7700 |
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NOVA TEXTIL INDÚSTRIA E COMÉRCIO LTDA |
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19 3478-9000 |
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SULTEXTIL S/A INDÚSTRIA DE TECIDOS |
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54 3211-2000 |
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TINT. E ESTAMP. TEC. ARTEC LTDA |
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11 4636-0511 |
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STAFF: |
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THE COMPANY HAS: 280 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 2000. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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CITROPLAST |
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18 3723-4523 |
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CORITEX |
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19 2109-7700 |
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TUBOTEC |
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67 3522-7248 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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MANUFACTURA FIBRES SINTET S/A |
ARGENTINA |
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PT SUNSONTESTILE MANUFCTURER |
INDONESIA |
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SHEOXING COUNTY OLNG FANG TEXT |
CHINA |
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PAYMENT HISTORY: |
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5 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 258.221,00 |
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AMOUNT OF INVOICES PAID: 15 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 59.961,00 |
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HIGHEST CREDIT: R$ 59.961,00 |
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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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.59 |
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|
1 |
Rs.87.31 |
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Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.