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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
LEVI STRAUSS DO
BRASIL INDUSTRIA E COMERCIO LTDA |
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Registered Office : |
Avenida Portugal, 400 Galpões 5b E 6b – Itaqui 06690-110 - Itapevi/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
08.08.1972 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture Of Wearing Apparel. |
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No. of Employees : |
Not Available |
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.
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Source : CIA |
LEVI STRAUSS DO
BRASIL INDUSTRIA E COMERCIO LTDA
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MAIN ADDRESS: |
AVENIDA PORTUGAL, 400 GALPÕES 5B E 6B - ITAQUI |
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ZIP CODE/CITY: |
06690-110 - ITAPEVI/SP |
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PHONE: |
11 4143-8712 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
ESTRADA MUNICIPAL DE ITUPEVA IVA, 118 9999 - RIO ABAIXO |
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ZIP CODE/CITY: |
13295-000 SÃO PAULO/SP |
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ADDRESS: |
RUA OSCAR FREIRE, 2379 |
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ZIP CODE/CITY: |
SÃO PAULO/SP |
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PHONE: |
11 3066-3700 |
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FAX: |
11 3066-3659 |
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ADDRESS: |
RODOVIA BR 356, 3049 DEL VERDERE |
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ZIP CODE/CITY: |
30320-900 BELO HORIZOTNE/MG |
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ADDRESS: |
AVENIDA CARDEAL EUGENIO PACERLLI, 1336 LOJA 101 |
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ZIP CODE/CITY: |
32210-002 CONTAGEM/MG |
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ADDRESS: |
AVENIDA HIGIENOPOLIS, 618 LOJA 215,
25 |
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ZIP CODE/CITY: |
01238-000 SÃO PAULO/SP |
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ADDRESS: |
RODOVIA BR- |
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ZIP CODE/CITY: |
72930-000 ALEXANIA/GO |
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ADDRESS: |
TRAVESSA CASALBUONO, 1200 LOJAS 928/929 - VILA GUILHERME |
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ZIP CODE/CITY: |
02047-050 SÃO PAULO/SP |
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FURTHER TO THE ABOVE THE COMPANY ALSO HAS 10 OTHER BRANCHES. |
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MAIN ACTIVITIES: |
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MANUFACTURE OF WEARING APPAREL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
08/08/1972 |
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REGISTER DATE: |
08/08/1972 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
43.351.097/0001-90 |
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STATE REGISTER: |
373.100.666.113 |
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SHARE CAPITAL: |
R$ 5.292.841,00 |
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LAST REGISTER OF CAPITAL: |
11/08/2010 |
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BOARD OF
DIRECTORS: |
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MAURICIO BUSIN |
DIRECTOR |
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TANIA MARIA ALVES |
DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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LEVI STRAUSS INTERNATIONAL |
R$ 5.292.839,00 |
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LEVI STRAUSS & CO. |
R$ 2,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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LEVI STRAUSS DO BRASIL FRANQUEADORA LTDA |
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FORTRESS COMERCIO DE ROUPAS LTDA - ME |
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ASS BEN CUL ESP REC E SOCFUNC DA LEVI STRAUSS DO BRASIL |
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AVIAGEN AMERICA LATINA LTDA |
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TRENCH ROSSI E WATANABE ADVOGADOS |
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ROHDE & SCHWARZ DO BRASIL LTDA. |
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THE SUBJECT WAS ESTABLISHED ON AUGUST 08, 1972 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. TRADE NAME: LEVI STRAUSS DO BRASIL PARTNERS: LEVI STRAUSS & CO.: REGISTRATION # DOC. 57211840001, HEADQUARTERED
AT 1155 BATTERY STREET, LEVI'S PLAZA, SAN FRANCISCO, CALIFORNIA, UNITED
STATES; LEVI STRAUSS INTERNATIONAL: REGISTRATION # DOC. 58883490001,
HEADQUARTERED AT 1155, BATTERY - STREET, SAN FRANCISCO, CALIFORNIA, UNITED
STATES. DIRECTORS: MAURICIO BUSIN: BRAZILIAN, HOLDER OF DOCUMENTS CPF 184.132.098-62, RG
195756058 SP, RESIDENTIAL ADDRESS AT AVENIDA PORTUGAL, 400, GALPÕES 5B, 6B,
ITAQUI, CEP 06690-110, ITAPEVI/SP; TANIA MARIA ALVES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 143.403.478-09,
RG 208564780 SP, RESIDENTIAL ADDRESS AT AVENIDA PORTUGAL, 400, GALPÕES 5B,
6B, ITAQUI, CEP 06690-110, ITAPEVI/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR
AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE
THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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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PROTESTS: |
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1 PROTEST, TOTAL AMOUNT R$ 6.204,07 |
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DETAILS OF PROTEST: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE SP-ITAPEVI |
26/12/2012 |
R$ 6.204,07 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
12/11/09 |
VARA DE SP-ITAPEVI |
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(RESEARCH DATE: 22/01/2013) |
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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$ 2,04 |
- OFFICIAL RATE ON 22/01/2013 |
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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"). DATE RESEARCHED JANUARY 22, 2013. |
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MANUFACTURE OF WEARING APPAREL. |
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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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NOT AVAILABLE |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1972. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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. 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. THE PROTEST FOUND DOES NOT AFFECT SUBJECT'S REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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2 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 5.952,00 |
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AMOUNT OF INVOICES PAID: 7 |
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TOTAL OF PROMPT PAYMENTS: 90,9% |
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TOTAL OF DELAYED PAYMENTS: 9,1% |
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HIGHEST INVOICE: R$ 2.457,00 |
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HIGHEST CREDIT: R$ 2.457,00 |
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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.53.85 |
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1 |
Rs.85.25 |
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Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.