MIRA INFORM REPORT

 

 

Report Date :

22.04.2014              

 

IDENTIFICATION DETAILS

 

Name :

RENOVARE MOSSOR COMERCIAL AGR´´ICOLA LTDA.

 

 

Registered Office :

Rua Amélia Marinho, 1907 - Nova Betânia 59612-035 - Mossoró/Rn

 

 

Country :

Brazil

 

 

Date of Incorporation :

10.09.1999

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale trading of pesticides, manure and fertilizers.

 

 

No. of Employees

12

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

Source : CIA

 

 

 

Company name and address

 

RENOVARE MOSSOR COMERCIAL AGR´´ICOLA LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA AMÉLIA MARINHO, 1907 - NOVA BETÂNIA

ZIP CODE/CITY:

59612-035 - MOSSORÓ/RN

 

 

PHONE:

84 3318-7571

FAX:

84 3318-7571

E-MAIL:

renovare_mossoro@uol.com.br

 

BRANCHES:

 

DOES NOT HAVE

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE TRADING OF PESTICIDES, MANURE AND FERTILIZERS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

10/09/1999

REGISTER DATE:

10/09/1999

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

03.395.477/0001-01

STATE REGISTER:

20.083.4058-3

 

 

SHARE CAPITAL:

R$ 150.000,00

 

BOARD OF DIRECTORS:

 

 

 

EMIDIO LEITE DE VASCONCELOS

MANAGING PARTNER

CLEDSON LUIS FERNANDES NUNES

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

CLEDSON LUIS FERNANDES NUNES

50%

EMIDIO LEITE DE VASCONCELOS

50%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

RENOVARE UPANEMA AGROPECUARIA LTDA

 

RENOVARE PETROLINA COMERCIAL AGRICOLA LTDA - ME

 

SLC LOCAÇÕES & SERVIÇOS DE CONSULTORIA RURAL LTDA - ME

 

RENOVARE CARUARU AGRÍCOLA LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 10, 1999 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

PARTNERS:

 

EMIDIO LEITE DE VASCONCELOS: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 415.361.934-53, RG 2.048.284 SSP/PE, RESIDENTIAL ADDRESS RUA RODRIGUES FERREIRA, 45, BLOCO G, APTO 1202, VÁRZEA, ZIP CODE 50810-020, RECIFE/PE;

 

CLEDSON LUIS FERNANDES NUNES: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 638.731.924-20, RG 856.377 SSP/RN, RESIDENTIAL ADDRESS AVENIDA RIO BRANCO, 2157, CENTRO, ZIP CODE 59619-400, MOSSORÓ/RN.

 

THE STREET NAME HAS CHANGED FROM (RUA PROJETADA, 382 BR 304, KM 32 NOVA B) TO THE ABOVE-MENTIONED ONE.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CLEDSON, MANAGING PARTNER, 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.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

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.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,19

 - OFFICIAL RATE ON 10/04/2014

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

  NOT AVAILABLE

 

VEHICLES:

 

  NOT AVAILABLE

 

MACHINES:

 

 NOT AVAILABLE

 

INSURANCE:

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

0036-1 / 84 3316-3100

MISSORÓ/RN

BANCO ITAÚ S/A

1468 / 84 3316-1099

MISSORÓ/RN

 

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").

 

 

ACTIVITIES COMMENTS

 

UBJECT IS ENGAGED IN THE WHOLESALE TRADING OF PESTICIDES, MANURE AND FERTILIZERS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

SOUTH AFRICA AND ISRAEL.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

BOLLO BRASIL PROD. COM. DE FRUTAS LTDA

 

81 3317-5604

C. Y. MATSUMOTO

 

84 321-7149

CASA DO PLANTIO COM E REP. LTDA

 

81 3728-1463

CLAUDIO TAKESHI

 

84 317-4397

CRIS FRUTAS LTDA

 

84 321-7567

FINOBRASA AGROINDUSTRIAL S/A

 

84 3335-2216

JIEM AGRICOLA

 

84 314-2088

JMZ - IRRIG E PROD.

 

84 234-6768

MATA FRESCA LTDA

 

84 3318-7688

TECNAGRO AGRICOLA

 

84 316-3696

W.G. PRODUÇÃO E DISTRIBUIÇÃO DE FRUTAS LTDA

 

84 3316-4145

 

STAFF:

 

THE COMPANY HAS: 12 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1999. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

ARYSTA LIFESCIENCE DO BRASIL LTDA

SÃO PAULO/SP

11 3054-5000

DOW AGROSCIENCES INDUSTRIAL LTDA

SÃO PAULO/SP

11 5188-9000

PROFERTIL S/A

SANTA LUZIA DO NORTE/AL

82 3218-7146

SEMINIS DO BRASIL PROD. COM. SEMENTES LTDA

CAMPINAS/SP

19 3278-3994

SYNGENTA PROTEÇÃO DE CULTIVOS LTDA

SÃO PAULO/SP

19 3874-5943

TECHNES AGRÍCOLA LTDA

CABREÚVA/SP

11 4529-7310

 

PAYMENT HISTORY:

 

02 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.978,00

 

AMOUNT OF INVOICES PAID: 16

TOTAL OF PROMPT PAYMENTS: 68,5%

TOTAL OF DELAYED PAYMENTS: 31,5%

 

HIGHEST INVOICE: R$ 622,00

HIGHEST CREDIT: R$ 622,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NO ADVERSE INFORMATION IS NOTED.

 

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.60.34

UK Pound

1

Rs.101.41

Euro

1

Rs.83.38

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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

 

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

 

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

 

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

 

<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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.