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Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
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Name : |
M.W.A. COMERCIO DE PRODUTOS ALIMENTICIOS
LTDA. |
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Registered Office : |
Av. Waldomiro Mazzocato, 201 Trito Industrial Ulisses Guimaraes, Zip Code
15.092-604 - Sao Jose Do Rio Preto/Sp |
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Country : |
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Date of Incorporation : |
25.05.1984 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
manufacturer of Spices, Sauces & Condiments |
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No. of Employees |
380 |
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 : |
Slow but Correct |
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Litigation : |
Exists |
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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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,
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.
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Source : CIA |
M.W.A. COMERCIO DE
PRODUTOS ALIMENTICIOS LTDA.
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MAIN ADDRESS: |
AV. WALDOMIRO MAZZOCATO, 201 TRITO INDUSTRIAL ULISSES GUIMARAES |
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ZIP CODE/CITY: |
15.092-604 - SAO JOSE DO RIO PRETO/SP |
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PHONE: |
17 3201-4400 |
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FAX: |
17 3201-4400 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA UM, Nº 449 / 461 - JD. NOVA ESPIRITO SA |
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ZIP CODE/CITY: |
13273-200 VALINHOS/SP |
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ADDRESS: |
RUA EDUARDO JUSTINO TIAGO,1021 - CENTRO |
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ZIP CODE/CITY: |
79570-000 APARECIDA DO TABOADO/MS |
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MAIN ACTIVITIES: |
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manufacturer of Spices, Sauces &
Condiments. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
25/05/1984 |
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REGISTER DATE: |
25/05/1984 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
53.512.810/0001-93 |
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STATE REGISTER: |
647.122.228.110 |
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SHARE CAPITAL: |
R$ 130.000,00 |
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BOARD OF
DIRECTORS: |
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WAGNER ZACHARIAS |
DIRECTOR |
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WELLINGTON JOSE ZACHARIAS |
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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WAGNER ZACHARIAS |
50% |
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WELLINGTON JOSE ZACHARIAS |
50% |
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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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W.O.L.M. - FOMENTO EMPRESARIAL E TECNOLOGIA DE ATIVOS LIMITA |
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ZACHARIAS RIO PRETO ADMINISTRACAO DE IMOVEIS LTDA |
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THE SUBJECT WAS ESTABLISHED ON MAY 25, 1984 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. TRADE NAME: "KODILAR" FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. MARCIO, ACCOUNTING
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. |
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PUBLIC INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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5 |
FEDERAL LAWSUITS |
31/10/12 |
5ª VARA DE SAO JOSE DO RIO PRETO/SP |
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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 17/07/2014 |
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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
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INSURANCE: |
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
manufacturer of Spices, Sauces & Condiments
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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: 380 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1984. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS
EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE
COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE
DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT
YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE
COMPANY’S TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ATACADAO DIST. COMERCIO INDUSTRIA LTDA |
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CIA IGUACU DE CAFE SOLUVEL |
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LIOTECNICA TECNOLOGIA ALIMENTOS LTDA |
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LUIZ TONIN ATACADISTA SUPERMERCADOS S/A. |
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MOINHO PAULSTA S/A |
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PAYMENT HISTORY: |
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10 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 114.404,00 |
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AMOUNT OF INVOICES PAID: 35 |
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TOTAL OF PROMPT PAYMENTS: 99,6% |
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TOTAL OF DELAYED PAYMENTS: 0,4% |
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HIGHEST INVOICE: R$ 21.436,00 |
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HIGHEST CREDIT: R$ 21.436,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
2 |
R$ 1.385,36 |
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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
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.33 |
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UK Pound |
1 |
Rs.103.18 |
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Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
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 |
-- |
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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.