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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Name : |
RESIMINAS AGROFLORESTAL LTDA. |
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Registered Office : |
Rua Coronel Frederico Martins, 144 – Centro, 18300-400 - Capão
Bonito/SP |
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Country : |
Brazil |
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Date of Incorporation : |
30.11.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Forestry and Extraction of Gum Resins |
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No of Employees : |
300 |
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 : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 in 2011-13. 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.
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Source
: CIA |
RESIMINAS AGROFLORESTAL LTDA.
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MAIN ADDRESS: |
RUA CORONEL FREDERICO MARTINS, 144 - CENTRO |
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ZIP CODE/CITY: |
18300-400 - CAPÃO BONITO/SP |
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PHONE: |
UNDISCLOSED |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA PARAGUAI, 145 - JARDIM AMÉRICA |
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ZIP CODE/CITY: |
18406-290 ITAPEVA/SP |
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CNPJ: |
07.137.822/0002-49 |
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ADDRESS: |
SERRA DO CADEADO, S/Nº. ZONA RURAL |
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ZIP CODE/CITY: |
86828-000 MAUÁ DA SERRA/PR |
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MAIN ACTIVITIES: |
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FORESTRY AND EXTRACTION OF GUM RESINS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
30/11/2004 |
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REGISTER DATE: |
30/11/2004 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
07.137.822/0001-68 |
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STATE REGISTER: |
251.036.227.114 |
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SHARE CAPITAL: |
R$ 100.000,00 |
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BOARD OF
DIRECTORS: |
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ADILSOM ASSIS NEVES |
MANAGING PARTNER |
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CONRADO AUGUSTO CASAGRANDE NEVES |
MANAGER |
THE MANAGING PARTNER AND MANAGER ARE AUTHORIZED TO SIGN ON BEHALF OF THE
COMPANY.
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AGROFLORESTAL RENOVAR LTDA |
R$ 95.000,00 |
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ADILSOM ASSIS NEVES |
R$ 5.000,00 |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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BRASIL VERDE EMPREENDIMENTOS AGROFLORESTAIS LTDA |
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THE SUBJECT WAS ESTABLISHED ON NOVEMBER 30, 2004 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE
REPORTED HEREIN.
PARTNERS:
AGROFLORESTAL RENOVAR LTDA: HEADQUARTERED AT RUA SANTANA, 400, CENTRO,
ZIP- CODE 18400-010, ITAPEVA/SP, REGISTERED AT THE STATE OF SÃO PAULO NOTARY
OFFICE UNDER NIRE 35.223.453.420, TAXPAYER'S REGISTRATION UNDER CNPJ
11.137.243/0001-92, REPRESENTED BY ITS ATTORNEY, MR. CONRADO AUGUSTO CASAGRANDE
NEVES, BRAZILIAN, HOLDER OF DOCUMENTS CPF 296.296.478-85 AND RG
30.425.224-4-SP, RESIDENTIAL ADDRESS AT RUA SANTANA, 400, CENTRO, ZIP CODE
18400-010, ITAPEVA/SP;
ADILSOM ASSIS NEVES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 115.255.398-41
AND RG 15.816.949-9-SP, RESIDENTIAL ADDRESS AT RUA PAULO NOGUEIRA CRUVINEL,
1710, BAIRRO INDUSTRIAL, ITAPEVA/SP.
REMARKS:
ALL CONTACTS WERE MADE AT THE COMPANY MADEIREIRA ITAPEVA LTDA., LOCATED
AT RUA IRMA ERNESTINA, 1060, CEP 18409-350, ITAPEVA/SP, TAXPAYER CNPJ
55.254.379/0001-58, PHONE 15 3521-1896. WE HAVE TALKED TO MR. CONRADO WHO
STATED THAT BOTH COMPANIES ARE SOMEHOW RELATED BUT DECLINED TO DISCLOSE THE
EXACT RELATIONSHIP BETWEEN BOTH COMPANIES AND ANY OTHER KIND OF INFORMATION.
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.
NO DETRIMENTAL FILES WERE FOUND.
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.
US$ 1,00 = R$ 2,32
IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING.
NOT AVAILABLE
NOT AVAILABLE
NOT AVAILABLE
NOT AVAILABLE
BANKING REFERENCES
NOT AVAILABLE
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").
FORESTRY AND EXTRACTION OF GUM RESINS.
IMPORTS FROM:
NOT AVAILABLE.
EXPORTS TO:
NOT AVAILABLE.
DOMESTIC CLIENTS
NOT AVAILABLE.
THE COMPANY HAS: 300 EMPLOYEE(S)
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2004. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED.
LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES.
MAIN SUPPLIERS:
DOMESTIC
SUPPLIERS:
NOT AVAILABLE
PAYMENT HISTORY:
NO PAYMENT RECORD IS REGISTERED.
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. 60.09 |
|
|
1 |
Rs. 99.84 |
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Euro |
1 |
Rs. 82.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
-- |
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.