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Report Date : |
30.08.2014 |
IDENTIFICATION DETAILS
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Name : |
MINERACAO E COMERCIO ITAOBI LTDA |
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Registered Office : |
Rua Rio Branco,15 -15, Sl.61,62 E 63 – Centro, 17015-311 - Bauru/SP |
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Country : |
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Date of Incorporation : |
23.10.1985 |
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Legal Form : |
Limited Liability Company |
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LINE OF BUSINESS : |
TRADE
OF MARBLE AND GRANITE. |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and
well-developed agricultural, mining, manufacturing, and service sectors, and a
rapidly expanding middle class, 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 |
MINERACAO E
COMERCIO ITAOBI LTDA
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MAIN ADDRESS: |
RUA RIO BRANCO,15 -15, SL.61,62 E 63 - CENTRO |
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ZIP CODE/CITY: |
17015-311 - BAURU/SP |
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PHONE: |
14 3234-2036 |
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FAX: |
14 3234-2036 |
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E-MAIL: |
mcitaobi@gmail.com |
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BRANCHES: |
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ADDRESS: |
RUA RIACHUELO,9 -45 - VILA SANTA INES |
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ZIP CODE/CITY: |
17054-240 BAURU/SP |
LEGAL DATA
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MAIN ACTIVITIES: |
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TRADE OF MARBLE AND GRANITE. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
23/10/1985 |
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REGISTER DATE: |
23/10/1985 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
55.094.304/0001-57 |
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STATE REGISTER: |
209.262.161.111 |
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SHARE CAPITAL: |
R$ 57.800,00 |
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BOARD OF
DIRECTORS: |
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PAULO ROBERTO RETZ |
MANAGING PARTNER |
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
SHAREHOLDERS / PARTNERS
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PAULO ROBERTO RETZ |
R$ 16.535,00 |
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MARDEN GODOY DOS SANTOS |
R$ 8.253,00 |
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CLAUDIA MARIA RETZ TOLEDO VEIGA |
R$ 8.253,00 |
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BEATRIZ MARIA RETZ |
R$ 8.253,00 |
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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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MINERACAO SERRA FORMOSA LTDA |
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FAZENDA RIO PARDO AGROPECUARIA
S/C LTDA - ME |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON OCTOBER 23, 1985 AS MINERACAO ITAOBI
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. PARTNERS: PAULO ROBERTO RETZ,BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
033.819.898-98, RG/RNE: 8097435 - SP, RESIDENTIAL ADDRESS AT AVENIDA BOUGAIN
VILLIAS, 4-18, PQ. RES. PAINEIRAS, BAURU - SP. MARDEN GODOY DOS SANTOS, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
722.718.688-15, RG/RNE: 5125220 - SP, RESIDENTIAL ADDRESS AT ALAMEDA DAS
CESALPINEAS, 4-16, PQ. RES. PAINEIRAS, BAURU - SP. CLAUDIA MARIA RETZ TOLEDO VEIGA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
870.851.518-20, RG/RNE: 5466883, RESIDENTIAL ADDRESS AT ALAMEDA SPATODIAS,
4-16, PQ. RES. PAINEIRAS, BAURU - SP. BEATRIZ MARIA RETZ, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 041.706.948-05,
RG/RNE: 9948503, RESIDENTIAL ADDRESS AT ROD. GASTAO DAL FARRA, S/N, KM 04
C.P.102, BOTUCATU - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. JAIR, 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. |
PUBLIC INFORMATION
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
STATE LAWSUIT |
18/01/12 |
1ª VARA DE SANTA CRUZ DO RIO PRADO/SP |
FINANCIAL INFORMATION
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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$ 2,24 |
- OFFICIAL RATE ON 28/08/2014 |
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. |
REAL ESTATE
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NOT AVAILABLE
VEHICLES
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NOT AVAILABLE
MACHINES
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NOT AVAILABLE
INSURANCE
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NOT AVAILABLE. |
BANKING REFERENCES
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED AUGUST 28, 2014. |
ACTIVITIES COMMENTS
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|
TRADE OF MARBLE AND GRANITE. |
IMPORT AND EXPORT
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IMPORTS FROM
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NOT AVAILABLE. |
EXPORTS TO
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NOT AVAILABLE. |
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 |
CONCEPT AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1985. SO FAR IT HAS A CLEAR TRADE
HISTORY AND MODEST PAYMENT BEHAVIOUR. 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
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DOMESTIC SUPPLIERS
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NOT AVAILABLE. |
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PAYMENT HISTORY
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1 SUPPLIER REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.309,00 |
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AMOUNT OF INVOICES PAID: 1 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 1.309,00 |
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HIGHEST CREDIT: R$ 1.309,00 |
FINAL OPINION
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
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|
1 |
Rs.100.35 |
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Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
-- |
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.