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Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
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Name : |
WELD INOX SOLDAS ESPECIAIS LTDA |
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Registered Office : |
Rua Teyupa,106 - Jd. Yambere 09970-000 - Diadema/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
07.06.1982 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Electrode and Weld for Electroplating Process. |
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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
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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 |
WELD INOX SOLDAS
ESPECIAIS LTDA
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MAIN ADDRESS: |
RUA TEYUPA,106 - JD. YAMBERE |
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ZIP CODE/CITY: |
09970-000 - DIADEMA/SP |
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PHONE: |
11 4059-9944 |
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FAX: |
11 4059-9933 |
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E-MAIL: |
financeiro@weldinox.com.br |
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WEB SITE: |
www.weldinox.com.br |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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MANUFACTURE OF ELECTRODE AND WELD FOR ELECTROPLATING PROCESS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
07/06/1982 |
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REGISTER DATE: |
07/06/1982 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
50.479.443/0001-85 |
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STATE REGISTER: |
286.142.102.112 |
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SHARE CAPITAL: |
R$ 500.000,00 |
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BOARD OF
DIRECTORS: |
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SERGIO FERNANDES MIRALHA |
MANAGING PARTNER |
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MAURICIO FERNANDES MIRALHA |
MANAGING PARTNER |
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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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SERGIO FERNANDES MIRALHA |
R$ 460.000,00 |
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MAURICIO FERNANDES MIRALHA |
R$ 40.000,00 |
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AFFILIATES / SUBSIDIARIES: |
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NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED ON JUNE 7, 1982 AS A WELD INOX SOLDAS E
METAIS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE
ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. CERTIFICATIONS: NBR ISO 9002 NBR ISO 9001:2008 PARTNERS: MAURICIO FERNANDES MIRALHA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
046.396.168-48, RG/RNE: 14893688X - SP, RESIDENTIAL ADDRESS AT RUA GAMA LOBO,
1217, AP 222, VILA DOM PEDRO I, SAO PAULO - SP. SERGIO FERNANDES MIRALHA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
508.273.408-34, RG/RNE: 57801265 - SP, RESIDENTIAL ADDRESS AT RUA RIBEIRAO
BONITO, 300, MOINHO VELHO, SAO PAULO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. DIRLENE, 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$ 2,33 |
- OFFICIAL RATE ON 12/11/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF UPDATED FINANCIAL DATA NO COMMENTS CAN BE PROVIDED
ABOUT THE COMPANY'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: NOVEMBER 12, 2013. |
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THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF ELECTRODE AND WELD FOR
ELECTROPLATING PROCESS. |
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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 FAMILY-RUN COMPANY WHICH WAS ESTABLISHED IN 1982. 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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JBS S/A |
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PLASTOLANDIA PLASTICOS INDUSTRIAIS LTDA |
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RODOCERTO TRANSP. LTDA |
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SUPRICORP SUPRIMENTOS LTDA |
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PAYMENT HISTORY: |
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2 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.433,00 |
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AMOUNT OF INVOICES PAID: 3 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 844,00 |
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HIGHEST CREDIT: R$ 527,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
1 |
R$ 527,57 |
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.63.06 |
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|
1 |
Rs.101.15 |
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Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.