MIRA INFORM REPORT

 

 

Report Date :

06.10.2012

 

IDENTIFICATION DETAILS

 

Name :

GRANITO ZUCCHI LTDA.

 

 

 

 

Registered Office :

Avenida Jacaraipe,1423 - Jacaraipe 29173-392 - Serra/Es

 

 

 

 

Country :

Brazil

 

 

 

 

Date of Incorporation :

17.06.1994

 

 

 

 

Legal Form :

Limited Liability Company

 

 

 

 

Line of Business :

Quarrying and sale, import and export of crude ornamented stones, blocks, plates and tiles, semi-finished, industrialization on the account of others and rendering of services of packaging, transportation as well as activities of management holding companies.

 

 

 

 

No. of Employees :

203

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

 

GRANITO ZUCCHI LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA JACARAIPE,1423 - JACARAIPE

ZIP CODE/CITY:

29173-392 - SERRA/ES

 

 

PHONE:

27 3243-9666

FAX:

27 3243-9666

E-MAIL:

Wallace@granitozucchi.com.br

WEB SITE:

www.granitozucchi.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM,6 SANTA ROSA - VARGEM GRANDE SOTURNO

ZIP CODE/CITY:

29321-000 CACHOEIRO DE ITAPEMIRIM/ES

CNPJ:

39.622.121/0002-91

 

 

ADDRESS:

RUA COMENDADOR ROBERTO UGOLINI, S/Nº. QUADRA IX, SETOR I,,0 LOTE 1/2 - CIVIT I

ZIP CODE/CITY:

29168-022 SERRA/ES

CNPJ:

39.622.121/0003-72

 

 

ADDRESS:

POLO INDUSTRIAL MARCONI CIPRIANO GAMA, S/Nº. LOTES 24,29 E,30 QUADRA 03

ZIP CODE/CITY:

29830-000 NOVA VENÉCIA/ES

CNPJ:

39.622.121/0004-53

 

 

ADDRESS:

AVENIDA JACARAIPE,1423 G, GALPÃO 01, SALA 01 - SÃO FRANCISCO

ZIP CODE/CITY:

29175-217 SERRA/ES

CNPJ:

39.622.121/0005-34

 

 

ADDRESS:

AVENIDA JACARAIPE,1423 GALPÃO 01, SALA 02 - SÃO FRANCISCO

ZIP CODE/CITY:

29175-217 SERRA/ES

CNPJ:

39.622.121/0006-15

 

 

ADDRESS:

RODOVIA GUMERCINDO MOURA NUNES, S/Nº. KM,6 GALPÃO 02, SALA 01, SANTA ROSA - VARGEM GRANDE DE SOTURNO

ZIP CODE/CITY:

29321-000 CACHOEIRO DO ITAMEMIRIM/ES

CNPJ:

39.622.121/0007-04

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE ORNAMENTED STONES, BLOCKS, PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION ON THE ACCOUNT OF OTHERS AND RENDERING OF SERVICES OF PACKAGING, TRANSPORTATION AS WELL AS ACTIVITIES OF MANAGEMENT HOLDING COMPANIES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

17/06/1994

REGISTER DATE:

17/06/1994

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

39.622.121/0001-00

STATE REGISTER:

081.684.30-4

 

 

SHARE CAPITAL:

R$ 8.905.279,00

LAST REGISTER OF CAPITAL:

31/08/2008

 

BOARD OF DIRECTORS:

 

 

 

JOSE JONAS ZUCCHI

MANAGER

RONALDO RIBEIRO DOS SANTOS

MANAGER

LEONARDO DE FREITAS TATAGIBA

MANAGER

RONALDO ANTONIO ZUCCHI

MANAGER

MARIZA DE FATIMA ZUCCHI MENEGHEL

MANAGER

LUCIANO RANGEL BARRETO

MANAGER

LEANDRO PELLEGRINO DE FREIRAS

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ZAPHIRA HOLDING LTDA

R$ 10,00

ZUCHHI PARTICIPAÇÕES LTDA

R$ 8.905.269,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE.

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 17, 1994 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

REMARK:

 

THE COMPANY REPORTED THAT GRANITO ZUCCHI LTDA TOOK OVER POLIMENTO ITALIANO LTDA., WHICH IS NOT OPERATING ANYMORE, THERE IS ONLY THE BRAND. THE ADDRESS RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM 06, SANTA ROSA, BAIRRO VARGEM GRANDE SATURNO, CACHOEIRO DE ITAPERIMIRIM/ES BELONGS TO GRANITO ZUCCHI. THE COMPANY “POLIMENTO ITALIANO LTDA” STILL LEGALLY EXISTS DUE TO THE FACT THAT THERE ARE SOME BUREAUCRATIC ISSUES TO BE RESOLVED.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. WALACE, ACCOUNTING 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:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

25/02/11

2º VARA DE CACHOEIRO DE ITAPEMIRIM/ES

 

 

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$ 2,02

 - OFFICIAL RATE ON 03/10/2012

US$ 1,00 = R$ 1,77

 - OFFICIAL RATE ON 31/12/2007

 

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:

 

   OWNED VEHICLES ARE VALUED AT R$ 285.385,87

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 12.624.100,00

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

1404

 

BANCO ITAU S/A

3431-2

 

HSBC BANK BRASIL S/A

0608

 

 

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

 

SUBJECT IS ENGAGED IN THE QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE ORNAMENTED STONES, BLOCKS, PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION ON THE ACCOUNT OF OTHERS AND RENDERING OF SERVICES OF PACKAGING, TRANSPORTATION AS WELL AS ACTIVITIES OF MANAGEMENT HOLDING COMPANIES.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

ITALY. VALUE (ANNUALLY) US$ 509.176,85

 

   EXPORTS TO:

UNITED STATES (ANNUALLY) US$ 67.169.934,15.

 

FOREIGN CLIENTS:

 

PHONE:

ALLIED STONE INC

 

580-931-3388

CLASSIC G. AND MARBLE

 

706-283-0655

NATURAL STONE GALLERY

 

713-778-0888

SUPERIOR G. MARBLE

 

956-227-0748

UNITED MATER INC

 

239-597-7773

VERONA MARBLE

 

214-381-8405

 

STAFF:

 

THE COMPANY HAS: 203 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1994. 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 LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY’S TRADE REPUTATION.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

FAMEX COMERCIAL

 

 

FERRIERA DI CITTADELLA

 

 

GARUVA ABRASIVOS

 

 

SANTA FE MADEIRAS

 

 

SELTIMAR

 

 

 

PAYMENT HISTORY:

 

3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 6.367,00

 

AMOUNT OF INVOICES PAID: 13

TOTAL OF PROMPT PAYMENTS: 81%

HIGHEST INVOICE: R$ 927,00

HIGHEST CREDIT: R$ 927,00

 

 

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.51.62

UK Pound

1

Rs.83.57

Euro

1

Rs.67.17

 

 

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%)

 

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.