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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
RESINAS BRASIL INDUSTRIA E COMERCIO LTDA |
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Registered Office : |
Est. Municipal Manduri - Sao Berto, Km 10 - Sao Berto 18.785-000 - Manduri/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
22.02.1989 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Other Chemicals. |
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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 (31.03.2011) |
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
RESINAS BRASIL
INDUSTRIA E COMERCIO LTDA
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MAIN ADDRESS: |
EST. MUNICIPAL MANDURI - SAO BERTO, KM 10 - SAO BERTO |
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ZIP CODE/CITY: |
18.785-000 - MANDURI/SP |
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PHONE: |
14 3356-1511 |
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E-MAIL: |
financeiro@gruporesinasbrasil.com.br |
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BRANCHES: |
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ADDRESS: |
AV. PREFEITO PAULO NOVAES,470 CENTRO |
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ZIP CODE/CITY: |
18705-000 AVARE/SP |
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PHONE: |
14 3711-2222 |
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ADDRESS: |
ESTRADA DO GUARUJO,3150 BLOCO 2 |
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ZIP CODE/CITY: |
13320-902 SALTO/SP |
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MAIN ACTIVITIES: |
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MANUFACTURE OF OTHER CHEMICALS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
22/02/1989 |
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REGISTER DATE: |
22/02/1989 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
60.057.163/0001-32 |
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STATE REGISTER: |
434.003.051.113 |
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SHARE CAPITAL: |
R$ 1.020.000,00 |
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BOARD OF
DIRECTORS: |
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ANIBAL SIMOES MENDES DOS SANTOS |
MANAGING PARTNER |
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JOSE PINTO DA ROCHA FERREIRA |
MANAGER |
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ANIBAL SIMOES MENDES DOS SANTOS |
R$ 214.200,00 |
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ANTONIO MANUEL HENRIQUES JORGE FERREIRA |
R$ 402.900,00 |
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VITOR HENRIQUES LAGOA |
R$ 402.900,00 |
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AFFILIATES /
SUBSIDIARIES: |
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RESINAS DO PARANÁ INDÚSTRIA E COMÉRCIO LTDA |
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RESINAS TROPICAIS INDÚSTRIA E COMÉRCIO LTDA |
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ITACOL IND. COM. IMPORT. E EXPORT. DE RESINAS NATURAIS LTDA |
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RB SUL INDÚSTRIA E COMERCIO LTDA |
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SOCER BRASIL INDÚSTRIA E COMÉRCIO LTDA |
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ITABOX IND. E COM. DE MÓVEIS DE MADEIRA LTDA |
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THE SUBJECT WAS ESTABLISHED ON FEBRUARY 22, 1989 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: ANIBAL SIMOES MENDES DOS SANTOS: PORTUGUESE, HOLDER OF DOCUMENTS CPF
107.927.163-53, RESIDENTIAL ADDRESS AT RUA ISLANDIA 30, AVARE/SP. ANTONIO MANUEL HENRIQUES JORGE FERREIRA: PORTUGUESE, RESIDENTIAL
ADDRESS AT RUA VIANA DA MOTA 32, LISBOA, PORTUGAL. VITOR HENRIQUES LAGOA: PORTUGUESE, RESIDENTIAL ADDRESS AT AV. NOSSA
SENHORA DO ROSARIO 1012, CASCAIS, PORTUGAL. IN 2007 THE COMPANY WAS AWARDED THE ISO 9001:2000 CERTIFICATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. AGOSTINHO 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$ 1,98 |
- OFFICIAL RATE ON 18/03/2013 |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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MANUFACTURE OF OTHER CHEMICALS. MAIN PRODUCTS: TAR, TURNENTINE AND BY PRODUCTS |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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UNITED STATES, HOLLAND, GERMANY. |
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 1989. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST 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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CEREALISTA ROSALITO LTDA |
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NEO -PLASTIC EMBALAGENS PLAST LTDA |
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SAO JOAO ALIM. LTDA |
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PAYMENT HISTORY: |
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03 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 39.701,00 |
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AMOUNT OF INVOICES PAID: 7 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 7.920,00 |
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HIGHEST CREDIT: R$ 7.920,00 |
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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.54.37 |
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1 |
Rs.82.07 |
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Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.