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Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
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Name : |
VIMACEDO COMÉRCIO DE CEREAIS LTDA. |
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Registered Office : |
Rua Professor Euripedes Simões De Paula,522 – Brás, Zip Code 03006-010 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
09.05.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of food products and cereals |
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No. of Employees : |
45 |
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 (31.03.2012) |
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
VIMACEDO COMÉRCIO
DE CEREAIS LTDA.
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MAIN ADDRESS: |
RUA PROFESSOR EURIPEDES SIMÕES DE PAULA,522 - BRÁS |
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ZIP CODE/CITY: |
03006-010 - SÃO PAULO/SP |
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PHONE: |
11 3324-2100 |
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FAX: |
11 3324-2100 / 11 3313-1782 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA NESTOR VICTOR,198 - CONJ. 306 - JOÃO GUALBERTO |
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ZIP CODE/CITY: |
83203-540 PARANAGUÁ/PR |
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MAIN ACTIVITIES: |
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WHOLESALE OF FOOD PRODUCTS AND CEREALS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
09/05/2000 |
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REGISTER DATE: |
09/05/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.801.878/0001-14 |
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STATE REGISTER: |
116.843.927.111 |
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SHARE CAPITAL: |
R$ 1.000.000,00 |
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BOARD OF
DIRECTORS: |
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VINICIUS SILVA MACEDO DOS SANTOS |
MANAGING PARTNER |
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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VINICIUS SILVA MACEDO DOS SANTOS |
R$ 900.000,00 |
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MAURO CESAR ROMERO |
R$ 100.000,00 |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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THE SUBJECT WAS ESTABLISHED ON MAY 09, 2000 AS VIMACEDO REPRESENTAÇÕES
LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE
ABOVE-MENTIONED NAME. PARTNERS: VINICIUS SILVA MACEDO DOS SANTOS: BRAZILIAN, HOLDER OF DOCUMENT CPF
166.070.628-90, RESIDENTIAL ADDRESS AT
RUA AFONSO DE FREITAS, 739, 755 APART. 72, PARAISO – SÃO PAULO/SP; MAURO CESAR ROMERO: BRAZILIAN, HOLDER OF DOCUMENT CPF 111.095.668-16,
RESIDENTIAL ADDRESS AT RUA GUATAPARA, 197, CASA 3, VILA GUARANI – SÃO
PAULO/SP; FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ROGERIO, 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$ 2,01 |
- OFFICIAL RATE ON 22/03/2013 |
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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
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NOT AVAILABLE. |
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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 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 WHOLESALE OF FOOD PRODUCTS AND CEREALS. |
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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: 45 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 2000. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOUR. 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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DAY BRASIL S/A |
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DICOL DISTRIBUIDORA DE PERFUMARIA E ALIMENTOS LTDA |
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IMPORTADORA DE FRUTAS LA VIOLETERA LTDA |
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RODOCERTO TRANSPORTES LTDA |
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SOCIL SOCIEDADE INDL. COMÉRCIO IMPORT. E EXPORT. LTDA |
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PAYMENT HISTORY: |
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4 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 33.203,00 |
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AMOUNT OF INVOICES PAID: 6 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 27.500,00 |
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HIGHEST CREDIT: R$ 27.500,00 |
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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
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Indian Rupees |
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US Dollar |
1 |
Rs.54.46 |
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UK Pound |
1 |
Rs.83.13 |
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Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.