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Report Date : |
16.10.2013 |
IDENTIFICATION DETAILS
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Name : |
INOX PAR INDUSTRIA E COMERCIO LTDA |
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Registered Office : |
Rua Dom Pedrito,407 (Antigo Nº. 570) - Bairro Cumbica , Zip Code 07223-060 - Guarulhos/Sp |
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Country : |
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Date of Incorporation : |
21.07.1986 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of stainless steel screws |
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No. of Employees : |
60 |
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 |
INOX PAR INDUSTRIA E COMERCIO LTDA
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MAIN ADDRESS: |
RUA DOM PEDRITO,407 (ANTIGO Nº. 570) - BAIRRO CUMBICA |
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ZIP CODE/CITY: |
07223-060 - GUARULHOS/SP |
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PHONE: |
11 2488-2828 |
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FAX: |
11 2488-2828 |
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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 WIREDRAWN METAL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
21/07/1986 |
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REGISTER DATE: |
21/07/1986 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
56.057.672/0001-98 |
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STATE REGISTER: |
336.363.728.117 |
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SHARE CAPITAL: |
R$ 330.000,00 |
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BOARD OF DIRECTORS:
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ROBERTO FARINA LUNA DE SOUZA |
MANAGING PARTNER |
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CARLOS ALBERTO BEZERRA |
MANAGING PARTNER |
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LUIZ CARLOS DE BEZERRA |
MANAGING PARTNER |
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EDUARDO JOSE LOPES |
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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ROBERTO FARINA LUNA DE SOUZA |
25% |
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CARLOS ALBERTO BEZERRA |
25% |
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LUIZ CARLOS DE BEZERRA |
25% |
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EDUARDO JOSE LOPES |
25% |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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ANJO 11 EDIÇÃO GRAVAÇÃO COMERCIO IMPORTAÇÃO |
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THE SUBJECT WAS ESTABLISHED ON JULY 21, 1986 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "INOX PAR". PARTNERS: CARLOS ALBERTO BEZERRA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
852.417.848-53, RG/RNE: 8314757 - SP, RESIDENTIAL ADDRESS AT AV. AZEVEDO,
467, APTO 91, TATUAPE, SAO PAULO - SP. EDUARDO JOSE LOPES, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
093.172.558-50, RG/RNE: 16722500 - SP, RESIDENTIAL ADDRESS AT RUA AGUAPEI,
235, 4 AND APTO43B, TATUAPE, SAO PAULO - SP. LUIZ CARLOS BEZERRA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
914.132.818-34, RG/RNE: 11062220, RESIDENTIAL ADDRESS AT RUA CORONEL IRINEU DE
CASTRO, 278, APTO 191, VILA REGENTE FEIJO, SAO PAULO - SP. ROBERTO FARINA LUNA DE SOUZA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
817.548.098-04, RG/RNE: 8989717 - SP, RESIDENTIAL ADDRESS ATRUA AGUAPEI, 235,
APTO 44 B, TATUAPE, SAO PAULO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. NATHALIA, 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. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,20 |
- OFFICIAL RATE ON 08/10/2013 |
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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 NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
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MANUFACTURE OF STAINLESS STEEL SCREWS. |
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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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THE COMPANY HAS: 60 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1986. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ÂNCORA CHUMBADORES LTDA |
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CIA. INDUSTRIAL H CARLOS SCHNEIDER - CISER |
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METALÚRGICA SÃO RAPHAEL LTDA |
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ROJEMAC IMP EXP LTDA |
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VECCHIO EMPÓRIO IND COM ALIMENTOS LTDA |
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PAYMENT HISTORY: |
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6 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 33.649,00 |
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AMOUNT OF INVOICES PAID: 18 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 5.795,00 |
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HIGHEST CREDIT: R$ 914,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
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DUE WITHIN 60 DAYS |
1 |
2 |
R$ 1.745,27 |
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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.61.69 |
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UK Pound |
1 |
Rs.98.59 |
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Euro |
1 |
Rs.83.67 |
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.