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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPERFINE STEEL
AÇOS INOXIDÁVEIS LTDA |
|
|
|
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Registered Office : |
Rua Roberto Aves De Almeida, 227 Sala 01 - Distrito Industrial I,
13456-136 - Santa Barbara D´Oeste/SP |
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Country : |
Brazil |
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Date of Incorporation : |
01.06.1995 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of wires and other steel products. |
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No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Exist |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 |
SUPERFINE STEEL AÇOS
INOXIDÁVEIS LTDA
ADDRESSES
|
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MAIN ADDRESS: |
RUA ROBERTO AVES DE ALMEIDA,227 SALA 01 - DISTRITO INDUSTRIAL I |
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ZIP CODE/CITY: |
13456-136 - SANTA BARBARA D´OESTE/SP |
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PHONE: |
19 3455-0113 |
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FAX: |
19 3455-0113 |
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E-MAIL: |
gerenciaadm@superfine.com.br |
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WEB SITE: |
www.superfine.com.br |
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BRANCHES: |
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ADDRESS: |
RUA RICARDO FRACASSI,320 / 330 - DISTRITO INDUSTRIAL I |
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ZIP CODE/CITY: |
13457-209 SANTA BÁRBARA D´OESTE/SP |
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CNPJ: |
00.749.526/0004-11 |
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|
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ADDRESS: |
RUA ROBERTO AVES DE ALMEIDA,277 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
13456-136 SANTA BARBARA D´OESTE/SP |
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CNPJ: |
00.749.526/0003-30 |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
01/06/1995 |
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REGISTER DATE: |
07/08/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
00.749.526/0001-79 |
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STATE REGISTER: |
148.278.533.118 |
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|
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SHARE CAPITAL: |
R$ 150.000,00 |
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LAST REGISTER OF CAPITAL: |
29/10/2003 |
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BOARD OF
DIRECTORS: |
|
|
|
|
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JOÃO PASSARELA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
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JOÃO PASSARELA |
R$ 148.500,00 |
|
PEDRO HENRIQUE PASSARELLA |
R$ 1.500,00 |
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AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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TREFIMAQ INDUSTRIA E COMERCIO DE MAQUINAS |
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SUPERFINE STEEL DISTRIBUIDORA DE PRODUTOS |
|
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J.P. &A - PARTICIPAÇÕES E ADMINISTRAÇÃO |
|
|
LUA DE MEL EMBALAGENS LTDA |
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COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JUNE 01, 1995 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. TRADE NAME: SUPERFINE STEEL BUSINESS ADDRESS HAS CHANGED FROM (RUA ANTONIO JOÃO ABDALLA, 351,
SANTA BARBARA D OESTE/SP) TO THE PRESENT REGISTERED ONE. PARTNERS: JOÃO PASSARELA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 851.962.078-72, RG
95196729 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO 150, APTO 261, SÃO
PAULO/SP. PEDRO HENRIQUE PASSARELLA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
332.826.598-81, RG 333627507 - SP, RESIDENTIAL ADDRESS AT RUA VICENTE ROMANO
150, APTO 261, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ROSE - ADMINISTRATIVE 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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PROTESTS: |
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18 PROTESTS,TOTAL AMOUNT R$
2.910.025,27 |
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DATE OF FIRST PROTEST:
11/2014 R$ 228.079,09 |
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DATE OF HIGHEST PROTEST:
11/2014 R$ 331.283,03 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE SANTA BARBARA D´OESTE/SP |
25/11/2014 |
R$ 228.079,09 |
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1º CARTORIO DE SANTA BARBARA D´OESTE/SP |
25/11/2014 |
R$ 96.794,62 |
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1º CARTORIO DE SANTA BARBARA D´OESTE/SP |
25/11/2014 |
R$ 143.649,30 |
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1º CARTORIO DE SANTA BARBARA D´OESTE/SP |
25/11/2014 |
R$ 133.228,21 |
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1º CARTORIO DE SANTA BARBARA D´OESTE/SP |
25/11/2014 |
R$ 80.549,86 |
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LAWSUITS: |
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|
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DATE: |
COURT OF LAW: |
|
10 |
STATE LAWSUITS |
10/09/12 |
VARA DE SP-SANTA BÁRBARA D´OESTE |
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4 |
FEDERAL LAWSUITS |
20/11/12 |
VARA DE SP-SANTA BÁRBARA D´OESTE |
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. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,56 |
- OFFICIAL RATE ON 28/11/2014 |
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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
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
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"). |
ACTIVITIES
COMMENTS
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|
MANUFACTURE OF WIRES AND OTHER STEEL PRODUCTS. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
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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NOT AVAILABLE. |
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CONCEPT
AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1995. IT HAS A TRADE HISTORY BLEMISHED
BY SEVERAL PROTESTS AND LAWSUITS, SHOWING THAT AT THAT TIME THE COMPANY
FAILED TO ACCOMPLISH ITS COMMITMENTS WITH SEVERAL CREDITORS / SUPPLIERS. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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7 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 290.332,00 |
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AMOUNT OF INVOICES PAID: 35 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 28.098,00 |
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HIGHEST CREDIT: R$ 28.098,00 |
FINAL
OPINION
|
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BASED ON THE GENERAL INFORMATION AVAILABLE IT IS RECOMMENDED DEALING
UNDER FULLY SECURED TERMS ONLY. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
SMN |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.