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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
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Name : |
POLINOX DO BRASIL INDÚSTRIA, COMÉRCIO,
IMPORTAÇÃO E EXPORTAÇÃO LTDA |
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Formerly Known
as: |
POLINOX INDUSTRIA, COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO LTA |
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Registered Office : |
Estrada Municipal Da Mina,1233 Iva 010 - Mina De Inhandjara , Zip Code 13295-000 - Itupeva/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
26.11.1992 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of chemical products |
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No. of Employees : |
08 |
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) |
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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% 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 |
POLINOX DO BRASIL INDÚSTRIA, COMÉRCIO, IMPORTAÇÃO E EXPORTAÇÃO LTDA
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MAIN ADDRESS: |
ESTRADA MUNICIPAL DA MINA,1233 IVA 010 - MINA DE INHANDJARA |
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ZIP CODE/CITY: |
13295-000 - ITUPEVA/SP |
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PHONE: |
11 4591-3444 |
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FAX: |
11 4591-3444 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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MANUFACTURE OF CHEMICAL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
26/11/1992 |
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REGISTER DATE: |
17/12/1992 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
69.229.862/0001-97 |
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STATE REGISTER: |
388.010.747.110 |
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SHARE CAPITAL: |
R$ 467.000,00 |
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LAST REGISTER OF CAPITAL: |
14/12/1999 |
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BOARD OF
DIRECTORS: |
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ROBERTO PONTIFEX |
MANAGING PARTNER |
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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LUCIA APARECIA BONIN DA SILVA |
R$ 4.670,00 |
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SERGIO DE ANDRADE |
R$ 14.010,00 |
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ROBERTO PONTIFEX |
R$ 448.320,00 |
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AFFILIATES / SUBSIDIARIES: |
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NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED ON, NOVEMBER 26, 1992 AS TELGEL DO BRASIL
INDUSTRIA, COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO LTDA BE ENGAGED IN THE SAID LINE
OF BUSINESS. LATER IT POLINOX INDUSTRIA, COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO
LTA. LATER IT ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "POLINOX". THE COMPANY HAS THE ISO9001:2008 AND ISO14001:2004 CERTIFICATIONS. PARTNERS: ROBERTO PONTIFEX: BRAZILIAN, HOLDER OF DOCUMENTS CPF 256.613.278-06,
RESIDENTIAL ADDRESS AT RUA CONSTANTINO DE SOUZA 1032, APTO 14, SÃO PAULO/SP. LUCIA APARECIA BONIN DA SILVA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
775.461.138-49, RESIDENTIAL ADDRESS AT RUA NAPOLEÃO DE BENEDICTIS 108,
ITUPEVA/SP. SERGIO DE ANDRADE: BRAZILIAN, HOLDER OF DOCUMENTS CPF 97.351.098-67,
RG 16.117.248-9, RESIDENTIAL ADDRESS AT RUA TABAPUA 3, MAU/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ADRIANA, IMPORT
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$ 2,25 |
- OFFICIAL RATE
ON 27/09/2013 |
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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: |
OWNED VEHICLES ARE VALUED AT R$ 159.386,32
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MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 440.857,51
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NOT AVAILABLE |
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BRANCH/PHONE: |
CITY: |
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BANCO BRADESCO S/A |
11 4591-1120 |
ITUPEVA/SP |
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BANCO ITAÚ S/A |
11 4496-2686 |
ITUPEVA/SP |
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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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THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICAL PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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CHILE. |
EXPORTS TO:
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PARAGUAY. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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PHONE: |
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GLASSMAR IND E COMERCIO DE FIBRAS DE VIDRO LTDA |
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14 3425-2777 |
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JACUZZI DO BRASIL S/A |
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11 4824-2711 |
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ORIENTALTEC IND E COM LTDA |
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11 4368-4477 |
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STAFF: |
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THE COMPANY HAS: 8 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1992. 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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PHONE: |
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DEPOSITO MAT CONSTRU. CODARIN |
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11 4591-1185 |
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IPIRANGA QUÍMICA S/A |
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1 3265-4387 |
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PERÓXIDOS DO BRASIL LTDA |
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0800-418182 |
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PAYMENT HISTORY: |
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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 |
2 |
1 |
R$ 739,60 |
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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.61.16 |
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UK Pound |
1 |
Rs.97.77 |
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Euro |
1 |
Rs.82.78 |
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.