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Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
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Name : |
ALDORO INDUSTRIA DE PÓS |
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Registered Office : |
Avenida Suécia,570 - Distrito Industrial, 13505-690 - Rio Claro/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
11.02.1976 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged
in the Powder Metallurgy. |
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No. of Employees : |
Not Available |
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.
Source
: CIA
ALDORO INDUSTRIA DE PÓS E PIGMENTOS METÁLICOS LTDA.
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MAIN ADDRESS: |
AVENIDA SUÉCIA,570 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
13505-690 - RIO CLARO/SP |
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PHONE: |
19 3535-6400 |
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FAX: |
19 3527-0042 |
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E-MAIL: |
maria.eloisa@aldoro.com.br |
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WEB SITE: |
www.aldoro.com.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA ENGENHEIRO LUIZ CARLOS BERRINI,1178 6°. ANDAR, CJ 61 -
BROOKLIN NOVO |
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ZIP CODE/CITY: |
04571-000 SÃO PAULO/SP |
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PHONE: |
11 5506-4853 |
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FAX: |
11 5506-4857 |
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MAIN ACTIVITIES: |
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POWDER METALLURGY. |
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LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
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INCORPORATION DATE: |
11/02/1976 |
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REGISTER DATE: |
11/02/1976 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
47.340.930/0001-58 |
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STATE REGISTER: |
587.048.176.116 |
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SHARE CAPITAL: |
R$ 5.000.000,00 |
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BOARD OF
DIRECTORS: |
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GIULIO LUIGI SOFIO |
MANAGER |
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CONSUELO FILGUEIRA SOLLA |
MANAGER |
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LUIZ DE FRANCA RIBEIRO |
MANAGER |
THE MANAGERS ARE
AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
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SHAREHOLDERS /
PARTNERS: |
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ECKART-WERKE INDUSTRIA E COMERCIO LTDA |
R$ 1.950.000,00 |
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CB INDUSTRIA E COMERCIO LTDA |
R$ 1.950.000,00 |
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MARLIN COMERCIO E EMPREENDIMENTOS LTDA |
R$ 1.100.000,00 |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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ALDORO, MANUFACTURER OF METALLIC POWDERS AND PIGMENTS, STARTED ITS
ACTIVITIES ON FEBRUARY 11, 1976, MANUFACTURING BRONZE POWDERS, A PRODUCT WHICH
IS MAINLY USED IN PRINTING INKS, DECORATIVE PAINTS, PLASTICS AND TEXTILE
INDUSTRIES.
TEN YEARS LATER AND INSTALLED IN A MODERN PLANT LOCATED IN RIO CLARO,
180KM FAR FROM THE CITY OF SÃO PAULO, THE COMPANY STARTED ITS PRODUCTION OF
ALUMINIUM POWDER AND PASTE, PRODUCTS REGULARLY USED IN ALL KIND OF PAINTS,
PLASTICS AND IN THE PRODUCTION OF LIGHT WEIGHT CONCRETE.
THE TECHNOLOGY USED BY ALDORO WAS INITIALLY FURNISHED BY ITS ASSOCIATES
CALFORS BRUK, FROM SWEDEN AND ECKART WERKE, FROM GERMANY, BOTH TRADITIONAL
MANUFACTURERS OF METALIC PIGMENTS IN EUROPE.
AFTER ACQUIRING ALCAN'S ALPASTE DIVISION IN BRAZIL, ALDORO BECOME ONE OF
THE MOST IMPORTANT MANUFACTURER OF METALLIC PIGMENTS IN THE WORLD.
COMMERCIALIZED WITH THE BRAND OF "STANLUX" ALDORO'S PRODUCTS
ARE BEING EXPORTED TO MORE THAN 20 COUNTRIES IN THE WORLD.
CERTIFIED WITH ISO 9002 IN FEBRUARY OF 1999 BY THE SGS YARSLEY
INTERNATIONAL CERTIFICATION SERVICES AND LATER WITH ISO 9001:2000, ALDORO IS
PREPARED FOR THE CHALLENGES OF THE NEXT FUTURE, HAVING AS ITS MAIN TARGET, THE
CONTINUOUS IMPROVEMENT, ACCORDING TO ITS QUALITY POLICY.
THE COMPANY OPERATES WITH THE TRADE NAME: ALDORO
PARTNERS:
CB INDUSTRIA E COMERCIO LTDA, REGISTRATION # NIRE 35201198249,
HEADQUARTERED AT AVENIDA SUECIA, 570,
RIO CLARO/SP.
ECKART-WERKE INDUSTRIA E COMERCIO LTDA, REGISTRATION # NIRE 35200291679,
HEADQUARTERED AT AVENIDA SUECIA, 570, RIO CLARO/SP.
MARLIN COMERCIO E EMPREENDIMENTOS LTDA, REGISTRATION # NIRE 35205989127,
HEADQUARTERED AT ALAMEDA CAMPINAS, 157, 5 ANDAR, SAO PAULO/SP
FURTHER DETAILS ARE SO FAR NOT KNOWN.
REMARKS:
--------------
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. MARIA, 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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(RESEARCH DATE: 01/11/2013) |
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$ 2,24 |
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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: |
OWNED PREMISES ARE VALUED AT R$ 7.000.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT
R$ 114.000,00
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
NOT AVAILABLE.
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
0018 |
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BANCO DO ESTADO DE SÃO PAULO S/A |
0059 |
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CAIXA ECONÔMICA FEDERAL |
0341 |
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BANCO ABN AMRO REAL S/A |
0426 |
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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 NOVEMBER 01, 2013.
SUBJECT IS ENGAGED
IN THE POWDER METALLURGY.
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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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BASF S/A |
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OREMA IND E COM LTDA |
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RENNER SAYERLACK S/A |
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SHERWIN WILLIAMS DO BRASIL IND E COM LTDA |
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STAFF: |
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NOT AVAILABLE |
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE
1976. SO FAR IT HAS A CLEAR TRADE HISTORY 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: |
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ALCOA ALUMINIO S/A |
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METAS METAL LTDA |
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NOVELIS DO BRASIL LTDA |
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PAYMENT HISTORY:
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2 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 2.310,00 |
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AMOUNT OF INVOICES PAID: 2 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 1.560,00 |
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HIGHEST CREDIT: R$ 1.560,00 |
BASED ON THE
OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS
COMMITMENTS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.60 |
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Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
-- |
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.