|
Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
UTC OVERSEAS BRASIL LTDA |
|
|
|
|
Registered Office : |
Rua Teofilo Otoni,82 5º. Andar - Centro , Zip Code 20090-070 - Rio De Janeiro/Rj |
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Country : |
Brazil |
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Date of Incorporation : |
16.06.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Freight Forwarding. |
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|
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No. of Employees : |
65 |
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 |
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|
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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 |
|
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 |
UTC OVERSEAS
BRASIL LTDA
|
MAIN ADDRESS: |
RUA TEOFILO OTONI,82 5º. ANDAR - CENTRO |
|
ZIP CODE/CITY: |
20090-070 - RIO DE JANEIRO/RJ |
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|
|
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PHONE: |
21 3478-6000 |
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FAX: |
21 3478-6025 |
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E-MAIL: |
|
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WEB SITE: |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV DESEMBARGADOR MOREIRA,2120 SALAS 1605 / 1606 / 1607 / 1608 -
DIONÍSIO TORRES |
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ZIP CODE/CITY: |
60170-002 FORTALEZA/CE |
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PHONE: |
85 4008-0900 |
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FAX: |
85 4008-0901 |
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CNPJ: |
02.612.230/0003-07 |
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|
|
|
ADDRESS: |
RUA TABAPUA,42 CONJS. 23 / 24 / 27 E 28 - ITAIM BIBI |
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ZIP CODE/CITY: |
04533-000 SAO PAULO/SP |
|
|
|
|
ADDRESS: |
AVENIDA MINISTRO JOÃO GONÇALVES DE ARAÚJO,338 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
69075-830 MANAUS/AM |
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PHONE: |
92 3212-8532 |
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|
|
|
ADDRESS: |
RUA JOSE ROBERTO OTONI, S/Nº.,0 - BAIRRO VALÉRIA |
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ZIP CODE/CITY: |
41301-325 SALVADOR/BA |
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PHONE: |
71 3616-0113 |
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FAX: |
71 3616-0105 |
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|
|
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ADDRESS: |
RUA DOS TIMBIRAS,1940 CONJUNTOS 1410/1413, EDIF. WORKSHOP - BAIRRO DE LOURDES
|
|
ZIP CODE/CITY: |
30140-061 BELO HORIZONTE/MG |
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PHONE: |
31 3272-4780 |
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|
|
|
ADDRESS: |
RUA VISCONDE DE JEQUITINHONHA,209 SALA 206 - BAIRRO BOA VIAGEM |
|
ZIP CODE/CITY: |
RECIFE/PE |
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PHONE: |
81 3034-9090 |
|
|
|
|
ADDRESS: |
100 LIGHTING WAY,SUÍTE 400, SECAUCUS,NJ 07094,0 CORPORATE OFFICE: -
NEW YORK (HEAD OFFICE), USA |
|
ZIP CODE/CITY: |
|
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PHONE: |
(201) 558 9200 |
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FAX: |
(201) 558 1294 |
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MAIN ACTIVITIES: |
|
FREIGHT FORWARDING. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
16/06/1998 |
|
REGISTER DATE: |
16/06/1998 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
02.612.230/0001-37 |
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STATE REGISTER: |
78.562.838 |
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|
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SHARE CAPITAL: |
R$ 744.674,00 |
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LAST REGISTER OF CAPITAL: |
31/03/2004 |
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BOARD OF
DIRECTORS: |
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|
|
|
MARIA ARMANDINA BERNARDO BARROS |
MANAGER |
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
UTC OVERSEAS, INC. (USA) |
80,93% |
|
UTC PROJECT BRAZIL LTDA |
9,72% |
|
UTC OVERSEAS BRASIL LTDA |
9,34% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
UTC OVERSEAS S/A (CHILE) |
|
|
UTC OVERSEAS INC (SHANGHAI) |
|
|
UTC SCANDINAVIA, APS (DENMARK) |
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UTC OVERSEAS S/A (ECUADOR) |
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UTC OVERSEAS SCANDINAVIA AB (FINLAND) |
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|
UTC OVERSEAS GMBH (GERMANY) |
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UTC OVERSEAS (HK) LTD (HONG KONG) |
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UTC OVERSEAS (PERU) S.A.C. (PERU) |
|
|
UTC SCANDINAVIA AB (SWEDEN) |
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UTC OVERSEAS CO., LTD (TAIWAN) |
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THE SUBJECT WAS ESTABLISHED ON JUNE 16, 1998 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. THE INFORMED ADDRESS RUA URUSSUI, 71 , 10º ANDAR, CJ. 101/102 - SÃO
PAULO/SP REFERS TO THE OLD ADDRESS OF ITS BRANCH. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. ARMANDINA, 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. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
1 PROTEST,TOTAL AMOUNT R$
31.244,00 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
6º CARTÓRIO DE MANAUS/AM |
12/04/2013 |
R$ 31.244,00 |
|
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 21/05/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
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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DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
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QUANTITY: |
1 |
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TYPE: |
OTHERS |
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VALUE: |
R$ 15.000,00 |
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 300.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 150.000,00
|
INSURANCE COMPANY: |
HSBC SEGUROS |
|
COVERAGE: |
FIRE / RAY / ROBBERY |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
0204 |
RIO DE JANEIRO/RJ |
|
HSBC BANK BRASIL S/A |
399 |
RIO DE JANEIRO/RJ |
|
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"). |
|
FREIGHT FORWARDING. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
|
PRENSAS SHULER |
|
|
|
SIEMENS |
|
|
|
VOITH SIEMENS |
|
|
|
VULCABRAS |
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STAFF: |
|
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THE COMPANY HAS: 65 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1998. SO FAR IT HAS A PROTEST
REGISTERED AND MODEST PAYMENT BEHAVIOUR. 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: |
|
PHONE: |
|
NASDAK DO BRASIL |
|
21 2203-1415 |
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NOVOS DESTINOS OPERADORA DE TURISMO |
|
21 2210-0065 |
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SERVICLIN TERC. DE SERVIÇOS |
|
21 2221-2197 |
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PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 3.109,00 |
|
|
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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$ 635,00 |
|
HIGHEST CREDIT: R$ 635,00 |
|
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.55.61 |
|
UK Pound |
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.