MIRA INFORM REPORT

 

 

Report Date :

06.12.2013

 

IDENTIFICATION DETAILS

 

Name :

GNATUS EQUIPAMENTOS MEDICO ODONTOLOGICOS LTDA

 

 

Registered Office :

Rodovia Abrão Assed Km. 53 + 450  Metros - Recreio Anhanguera

 

 

Country :

Brazil

 

 

Date of Incorporation :

22.10.1976

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture, trade and export of medical, surgical and odontologic equipments.

 

 

No. of Employees :

750

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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% in 2011, and 1.3% in 2012. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made 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 exchange 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. In an effort to boost growth, in 2012 the administration implemented a somewhat more expansionary monetary policy that has failed to stimulate much growth

Source : CIA


Company name

 

GNATUS EQUIPAMENTOS MEDICO ODONTOLOGICOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RODOVIA ABRÃO ASSED KM. 53 + 450  METROS - RECREIO ANHANGUERA

ZIP CODE/CITY:

14097-500 - RIBEIRÃO PRETO/SP

 

 

PHONE:

16 2101-5000

FAX:

16 2101-5066

E-MAIL:

elaine.figueira@gnatus.com.br

WEB SITE:

www.gnatus.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUIA PARAIBA,589 LOJA 01 - SAVASSI

ZIP CODE/CITY:

30130-140 BELO HORIZONTE/MG

 

 

ADDRESS:

RUA RAMIRO BARCELOS,1895 JOJA 2 - INDEPENDENCIA

ZIP CODE/CITY:

90035-006 PORTO ALEGRE/RS

 

 

ADDRESS:

RUA RODRIGUES DA CUNHA,340 - MARTINS

ZIP CODE/CITY:

38400-362 UBERLANDIA/MG

CNPJ:

48.015.119/0022-99

 

 

ADDRESS:

RUA CORONEL QUIRINO,515 - CAMBUI

ZIP CODE/CITY:

13025-001 CAMPINAS/SP

 

 

ADDRESS:

RODOVIA ABRAO ASSED KM 53 +,450 METROS ANEXO I - RECREIO ANHANHERA

ZIP CODE/CITY:

14097-500 RIBEIRAO PRETO/SP

 

 

ADDRESS:

RUA BARÃO DE JACEGUAI,1360 - CAMPO BELO

ZIP CODE/CITY:

04606-003 SAO PAULO/SP

CNPJ:

48.015.119/0002-45

 

FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN:

BELO HORIZONTE, PORTO ALEGRE, BAURU.

 


 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE, TRADE AND EXPORT OF MEDICAL, SURGICAL AND ODONTOLOGIC EQUIPMENTS.

 

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

22/10/1976

REGISTER DATE:

07/12/1976

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

48.015.119/0001-64

STATE REGISTER:

582.329.957.115

 

 

SHARE CAPITAL:

R$ 25.000.000,00

 

BOARD OF DIRECTORS:

 

 

 

KATIA CHIARINA NOMELINI BOZZO

MANAGING PARTNER

GILBERTO HENRIQUE CANESIN NOMELINI

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

GILBERTO HENRIQUE CANESIN NOMELINI

R$ 11.490.160,00

ISOLINA CANESIN NOMELINI

R$ 5.175.000,00

MARCIA REGINA NOMELINI REGO BARROS

R$ 2.431.210,00

KATIA CHIARINA NOMELINI BOZZO

R$ 2.431.210,00

CRISTINA KATIA NOMELINI CAPETTI

R$ 2.431.210,00

REGINA MARCIA NOMELINI MUNIZ

R$ 1.041.210,00

 

AFFILIATES / SUBSIDIARIES:

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAS THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 GNATUS INTERNATIONAL LTDA

 

 CRISMAR ACESSORIOS ESPORTIVOS LTDA - ME

 

 


 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 1976 AS GNATUS INDUSTRIA E COMERCIO DE ARTICULADORES LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PARTNERS:

 

GILBERTO HENRIQUE CANESIN NOMELINI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 838.461.238-20, RG 86699118 - SP, RESIDENTIAL ADDRESS AT RUA PEDRO BARBIERI 9003, RIBEIRAO PRETO/SP.

 

ISOLINA CANESIN NOMELINI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 122.252.558-57, RG 9607477 - SP, RESIDENTIAL ADDRESS AT AV. PROFESSOR AUTUORI 260, RIBEIRAO PRETO/SP.

 

MARCIA REGINA NOMELINI REGO BARROS: BRAZILIAN, HOLDER OF DOCUMENTS CPF 039.359.768-79, RESIDENTIAL ADDRESS AT AV. PORTUGAL 2580, CASA 94, RIBEIRAO PRETO/SP.

 

KATIA CHIARINA NOMELINI BOZZO: BRAZILIAN, HOLDER OF DOCUMENTS CPF 051.955.918-57, RG 159814510 - SP, RESIDENTIAL ADDRESS AT AV. GIUSEPPE CILENTO 1110, LOTE 59, RIBEIRAO PRETO/SP.

 

CRISTINA KATIA NOMELINI CAPETTI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 109.037.468-12, RG 19730847 - SP, RESIDENTIAL ADDRESS AT RUA THOMAS NOGUEIRA GAIA 3629, CASA 61, RIBEIRAO PRETO/SP.

 

REGINA MARCIA NOMELINI MUNIZ: BRAZILIAN, HOLDER OF DOCUMENTS CPF 039.392.668-09, RG 118636911 - SP, RESIDENTIAL ADDRESS AT AV. PROFESSOR MARIO AUTUORI 220, RIBEIRAO PRETO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. JOSE CARLOS, CONTROLLER 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

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

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$ 2,37

 - OFFICIAL RATE

 

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:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO ITAÚ S/A

(16) 3607.2000

 

BANCO BANESPA S/A

(16) 3977.4344

 

BANCO DO BRASIL S/A

(16) 3965-8383

 

 

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"). DATE

 

 

ACTIVITIES COMMENTS

 

MANUFACTURE, TRADE AND EXPORT OF MEDICAL, SURGICAL AND ODONTOLOGIC EQUIPMENTS.

 

PRODUCTS:

 

DENTAL SETS, AUTOCLAVE, VACUUM PUMP, STOOL, X RAYS, ACCESSORIES, ARTICULATOR, COMPRESSORS AND OTHER ACCESSORIES.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

JAPAN, CHINA.

 

   EXPORTS TO:

MEXICO, VENEZUELA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

DOCTOR LINE LTDA

 

(27) 3327.5200

FEDERAL DOCTOR

 

 (61) 346.0403

GNTEC-COM. REPRES. PROD. ODONTL.. LTDA

 

(62) 318.1270

JAT- EQUIP. MÉDICOS ODONTL.  LTDA

 

(71) 336.0588

 

FOREIGN CLIENTS:

COUNTRY:

 

ALEACIONES DENTALES ZEYCO S/A

MEXICO

 

LA DENTAL C.A

VENEZUELA

 

 

STAFF:

 

THE COMPANY HAS: 750 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1976. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

CMB IND.COM.ARTEFATOS DE PLAST.LTDA

 

(16) 626.1281

IND., E COM. DE TRANSFORMADORES COSMO LTDA

 

(19) 3941.6166

OPTO ELETRÓNICA S/A

 

(16)  273.7000

THERMOVAL IND. DE VÁLVULAS LTDA.

 

(16) 3951.7337

WEG INDUSTRIAS LTDA

 

(47) 372.4000

 

FOREIGN SUPPLIERS:

COUNTRY:

 

TOSHIBA

JAPAN

 

ZHEJIANG -ARTS & IMPORT & EXPORT CO

CHINA

 

 

PAYMENT HISTORY:

 

09 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 157.579,00

 

AMOUNT OF INVOICES PAID: 117

TOTAL OF PROMPT PAYMENTS: 99,8%

TOTAL OF DELAYED PAYMENTS: 0,2%

 

HIGHEST INVOICE: R$ 6.175,00

HIGHEST CREDIT: R$ 6.175,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

4

21

R$ 39.486,67

DUE WITHIN 60 DAYS

1

3

R$ 3.694,20

ALL

4

24

R$ 43.180,87

 

 

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.61.69

UK Pound

1

Rs.101.08

Euro

1

Rs.84.07

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.