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Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
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Name : |
PRISMA COMERCIAL EXPORTADORA DE OLEOQUIMICOS LTDA |
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Registered Office : |
Av. Julio De Castilhos, 2101 Sala 62 – Centro 95010-005 - Caxias Do
Sul/Rs |
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Country : |
Brazil |
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Date of Incorporation : |
06.12.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and Export of Oil Chemicals And Biofuel Products. |
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No. of Employees : |
11 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
PRISMA COMERCIAL
EXPORTADORA DE OLEOQUIMICOS LTDA
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MAIN ADDRESS: |
AV. JULIO DE CASTILHOS, 2101 SALA 62 - CENTRO |
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ZIP CODE/CITY: |
95010-005 - CAXIAS DO SUL/RS |
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PHONE: |
54 3226-6586 |
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E-MAIL: |
matheus@prismabrazil.com |
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WEB SITE: |
www.prismabrazil.com |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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IMPORT AND EXPORT OF OIL CHEMICALS AND BIOFUEL PRODUCTS. |
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LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
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INCORPORATION DATE: |
06/12/2007 |
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REGISTER DATE: |
06/12/2007 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
09.267.863/0001-02 |
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STATE REGISTER: |
290.479.363 |
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SHARE CAPITAL: |
R$ 200.000,00 |
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BOARD OF
DIRECTORS: |
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MATHEUS MAZZOTTI BALESTRO |
DIRECTOR |
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MOISES GARCIA DA ROCHA |
DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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MOISES GARCIA DA ROCHA |
50,00% |
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MATHEUS MAZZOTTI BALESTRO |
50,00% |
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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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INDUSTRIA DE PLASTICOS VENEZA LTDA - ME |
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PRISMA COMERCIO E IMPORTACAO DE BRINQUEDOS LTDA - ME |
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THE SUBJECT WAS ESTABLISHED ON DECEMBER 06, 2007 AS "AGAPLAST
REPRESENTAÇÕES COMERCIAIS 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. TRADE NAME: "PRISMA". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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 AS THEY ARE STILL NOT AUTHORIZED
TO DO SO. 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$ 2,39 |
- OFFICIAL RATE ON 02/01/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL DATA NO COMMENTS CAN BE PROVIDED ABOUT THE
COMPANY'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
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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IMPORT AND EXPORT OF OIL CHEMICALS AND BIOFUEL PRODUCTS. |
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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: 11 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2007. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOR. 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. |
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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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04 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 804.649,00 |
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AMOUNT OF INVOICES PAID: 42 |
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TOTAL OF PROMPT PAYMENTS: 97,6% |
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TOTAL OF DELAYED PAYMENTS: 2,4% |
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HIGHEST INVOICE: R$ 169.952,00 |
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BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.41 |
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1 |
Rs.102.54 |
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Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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.