MIRA INFORM REPORT

 

 

Report Date :

19.01.2013

 

IDENTIFICATION DETAILS

 

Name :

TAPETES SÃO CARLOS LTDA

 

 

Registered Office :

Ua Miguel Giometti, 340 - Vila Elizabeth 13560-910 - São Carlos/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

28.11.2002

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Carpets

 

 

No. of Employees :

500

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

(31.03.2012)

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

 

TAPETES SÃO CARLOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA MIGUEL GIOMETTI, 340 - VILA ELIZABETH

ZIP CODE/CITY:

13560-910 - SÃO CARLOS/SP

 

 

PHONE:

16 3362-4000

FAX:

16 3362-1922

E-MAIL:

cadastro@tapetessaocarlos.com.br

WEB SITE:

www.tapetessaocarlos.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA RAFAEL DE ABREU SAMPAIO VIDAL,2131

ZIP CODE/CITY:

13560-390 SÃO PAULO/SP

 

 

ADDRESS:

RUA DR. ALFREDO LOPES,1760

ZIP CODE/CITY:

13560-460 SÃO CARLOS/SP

 

 

ADDRESS:

RUA FRANKLIN ROOSEVELT 200, 18 ANDAR

ZIP CODE/CITY:

01303-903 SÃO PAULO/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CARPETS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

28/11/2002

REGISTER DATE:

28/11/2002

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

05.414.377/0001-00

STATE REGISTER:

637.000.019.118

 

 

SHARE CAPITAL:

R$ 28.454.621,00

LAST REGISTER OF CAPITAL:

31/01/2003

 

BOARD OF DIRECTORS:

 

 

 

REINHARD WERNER RICHARD RÖSEL

COMMERCIAL DIRECTOR

EUGEN RÖSEL

DIRECTOR

BRIGITTE HELENE ELLI RÖSEL CUCHIARO

ASSISTANT DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

TAPETES SAO CARLOS PARTICIPACOES LTDA

R$ 28.443.239,00

REINHARD WERNER RICHARD RÖSEL

R$ 3.794,00

EUGEN RÖSEL

R$ 3.794,00

BRIGITTE HELENE ELLI RÖSEL CUCHIARO

R$ 3.794,00

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 ROETEX COMERCIO E PARTICIPACOES LTDA

 

 TAPETES SAO CARLOS PARTICIPACOES LTDA

 

 SOCIEDADE AGRO PECUARIA SAO CARLOS LIMITADA

 

 EUROPAR PARTICIPACOES LTDA.

 

 NOVA ERA SAO CARLOS EMPREENDIMENTOS E PARTICIPACOES LTDA

 

 INTERSHOP IMPORTADORA E DISTRIBUIDORA LTDA

 

 SOLY EMPREENDIMENTOS E PARTICIPACOES S/S

 

 SOCIEDADE AGRO PECUARIA SAO CARLOS LIMITADA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON NOVEMBER 28, 2002 AS TAPETES SAO CARLOS COMERCIAL LTDA, TO RECEIVE THE ASSETS AND LIABILITIES OF TAPETES SAO CARLOS LTDA, CNPJ 59.596.130/0001-81 SET UP ON NOVEMBER 30, 1978.

 

IN JANUARY 2003 THE ACTIVITIES OF TAPETES SAO CARLOS LTDA WERE TRANSFERRED TO TAPETES SAO CARLOS COMERCIAL LTDA, CNPJ 05.414.377/0001-00, WHICH HAD ITS CORPORATE NAME CHANGED TO TAPETES SAO CARLOS LTDA.

 

CONCOMITANTLY THE PREVIOUS COMPANY NAMED TAPETES SAO CARLOS LTDA, CNPJ 59.596.130/0001-81 HAD ITS CORPORATE NAME ALTERED TO TAPETES SAO CARLOS PARTICIPACOES LTDA, WHICH WAS TRANSFORMED INTO HOLDING AND BECAME THE SUBJECT'S PARENT COMPANY.

 

CERTIFICATIONS:

***************

 

QS 9000/ISO 9002.

ISO TS 16949/ISO 9001.

ISO 14001

 

PARTNERS:

 

TAPETES SAO CARLOS PARTICIPACOES LTDA: HEADQUARTERED AT RUA MIGUEL GIOMETTI 340, SÃO CARLOS/SP, REGISTRATION # NIRE 35200176489.

 

REINHARD WERNER RICHARD RÖSEL: GERMANY, HOLDER OF DOCUMENTS CPF 16.194.548-15, RESIDENTIAL ADDRESS AT RUA MIGUEL GIOMETTI 340, SÃO CARLOS/SP.

 

EUGEN RÖSEL: GERMANY, HOLDER OF DOCUMENTS CPF 16.167.228-00, RESIDENTIAL ADDRESS AT RUA MIGUEL GIOMETTI 340, SÃO CARLOS/SP.

 

BRIGITTE HELENE ELLI RÖSEL CUCHIARO: GERMANY, HOLDER OF DOCUMENTS CPF 16.151.228-34, RESIDENTIAL ADDRESS AT RUA MIGUEL GIOMETTI 340, SÃO CARLOS/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. LUCAS, 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.

 

PUBLIC RECORDS INFORMATION:

 

NO DETRIMENTALFILES 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$ 2,04

 - OFFICIAL RATE ON 16/01/2013

 

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 DO BRASIL S/A

3370-7

 

BANCO ITAÚ S/A

0049

 

 

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 MANUFACTURE OF CARPETS.

 

MAIN PRODUCTS: CARPETS, LINING, SYNTHETIC COUCHGRASS, AUTOMOTIVE CARPETS AND CARPET BOARD.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

GERMANY, UNITED STATES, MEXICO, ARGENTINA, CHILE, PARAGUAY, URUGUAY AND OTHERS.

 

EXPORTS TO:

EUROPE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

CASA FORTALEZA COM TECIDOS LTDA

 

11 3049 1511

GENERAL MOTORS DO BRASIL LTDA

 

11 423  4470

LEROY MERLIN CIA BRASILEIRA DE BRICOLAGEM

 

11 5670 8600

MARCOPOLO S/A

 

54 209  4000

TAPETES E DECORACOES PEDROSO LTDA

 

41 283  4130

 

STAFF:

 

THE COMPANY HAS: 500 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A NEW BUT WELL-ESTABLISHED COMPANY, OPERATING SINCE 2002. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. IT IS A FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

BRASKEM S/A

TRIUNFO/RS

11 3576-9355

DOW QUIMICA S/A

 

11 5188 9263

ECOFABRIL IND. & COMERCIO LTDA

JUNDAI/SP

11 4815-9738

EVEREST ELETRICIDADE LTDA

CAMPINAS/SP

19 3772-4500

FITESA FIBRAS & FILAMENTOS LTDA

 

51 489 7021

HANIER QUIMICA LTDA

NOVA ODESSA/SP

19 3466-4544

IRUSA ROLAMENTOS LTDA

 

19 3433 2493

JABU ENGENHARIA

SAO CARLOS/SP

16 3362-3302

MARCROPLAST

DIADEMA/SP

11 4393-6219

POLIBRASIL RESINAS S/A

 

11 3345 5820

POLYENKA

AMERICANA/SP

11 3471-5228

PROPEX DO BRASIL LTDA

CURITIBA/PR

41 3303-1112

STYRON

GUARUJA/SP

11 5184-8052

 

PAYMENT HISTORY:

 

 6 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 23.639,00

 

AMOUNT OF INVOICES PAID: 13

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 4.896,00

HIGHEST CREDIT: R$ 4.896,00

 

 

FINAL OPINION

 

THE SUBJECT IS A NEW BUT WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 2002. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR.

 

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.54.94

UK Pound

1

Rs.86.24

Euro

1

Rs.72.20

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.