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Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
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Name : |
RESINAS YSER LTDA |
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Registered Office : |
Rua Theodoro Kochinski, 95 - Campo Do Meio, Zip Code 83604-700 - Campo
Largo/Pr |
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Country : |
Brazil |
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Date of Incorporation : |
15.09.1988 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of thermofix resins. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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% 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.
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Source : CIA |
RESINAS YSER LTDA
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MAIN ADDRESS: |
RUA THEODORO KOCHINSKI, 95 - CAMPO DO MEIO |
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ZIP CODE/CITY: |
83604-700 - CAMPO LARGO/PR |
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PHONE: |
41 3399-3822 |
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FAX: |
41 3399-2833 |
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E-MAIL: |
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WEB SITE: |
www.yser.com.br (Under Construction) |
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BRANCHES: |
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THE COMPANY HAS 01 BRANCH. |
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MAIN ACTIVITIES: |
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MANUFACTURE OF CHEMICALS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
15/09/1988 |
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REGISTER DATE: |
04/10/1988 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
32.167.363/0001-02 |
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STATE REGISTER: |
10801998-01 |
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SHARE CAPITAL: |
R$ 3.044.906,00 |
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BOARD OF
DIRECTORS: |
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JOSÉ ALBERTO VIEIRA RESINA DE ALMEIDA |
MANAGING PARTNER |
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PAULO SERGIO AMARAL VIEIRA |
ATTORNEY |
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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YSER-S.G.P.S. S/A |
R$ 3.044.649,00 |
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JOSÉ ALBERTO VIEIRA RESINA DE ALMEIDA |
R$ 257,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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JOSÉ ALBERTO VIEIRA RESINA DE ALMEIDA ME |
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YSER FLORESTAL LTDA |
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YTI YSER TIMBERLAND INVESTIMENTOS LTDA |
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YPC YSER PINE CHEMICAL PARTICIPAÇÕES S/A |
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Y IMOB SOCIEDADE IMOBILIÁRIA E PARTICIPAÇÕES LTDA |
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YBASE FLORESTAL LTDA |
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Y ÁREA SOCIEDADE IMOBILIÁRIA LTDA |
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RESISUL AGROFLORESTAL LTDA |
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THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 15, 1988 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ADILSON, FINANCIAL
MANAGER, 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$ 2,25 |
- OFFICIAL RATE ON 15/07/2013 |
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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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BRANCH/PHONE: |
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BANCO ITAÚ S/A |
0548 |
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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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SUBJECT IS ENGAGED IN THE MANUFACTURE OF THERMOFIX RESINS. |
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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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3M DO BRASIL LTDA |
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CÊRA INGLESA IND. E COMÉRCIO LTDA |
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CRODA DO BRASIL LTDA |
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NACIONAL DE GRAFITE LTDA |
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TECHGRIP INDÚSTRIA E COMÉRCIO DE ADESIVOS LTDA |
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STAFF: |
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THE COMPANY HAS: 50 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1988. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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COSMOQUIMICA IND. E COMÉRCIO LTDA |
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DRM DISTRIBUIDORA DE ROLAMENTOS E MANCAIS LTDA |
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INDUKERN DO BRASIL QUIMICA LTDA |
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JBS S/A |
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NICROM QUÍMICA LTDA |
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S.A.U. SANEAMENTO AMBIENTAL URBANO LTDA |
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ÚNICO COMBUSTÍVEIS LTDA |
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PAYMENT HISTORY: |
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05 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 94.819,00 |
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AMOUNT OF INVOICES PAID: 78 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 26.774,00 |
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HIGHEST CREDIT: R$ 26.774,00 |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.39 |
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UK Pound |
1 |
Rs.89.90 |
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Euro |
1 |
Rs.77.23 |
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.