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Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ELINOX CENTRAL DE
AÇO INOXIDAVEL LTDA |
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Registered Office : |
Av. Presidente Wilson, 5059 - Ipiranga, Zip code 04220-001 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
09.03.2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of Stainless Steel such as Rectangular Tubes, Square
Tubes, Pipe Od, Pipe Schedules,
Bars Stainless Steel, Rectangular Bars, Plates, Sheets / Coils, Ribbons &
Corner |
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No of Employees : |
160 |
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 – March 31, 2014
|
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 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.
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Source
: CIA |
ELINOX CENTRAL DE AÇO INOXIDAVEL LTDA
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MAIN ADDRESS: |
AV. PRESIDENTE WILSON,5059 - IPIRANGA |
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ZIP CODE/CITY: |
04220-001 - SÃO PAULO/SP |
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PHONE: |
11 2065-1400 |
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FAX: |
11 2065-1400 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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Manufacturer of Stainless Steel such as
Rectangular Tubes, Square Tubes, Pipe Od, Pipe Schedules, Bars Stainless
Steel, Rectangular Bars, Plates, Sheets / Coils, Ribbons & Corner |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
09/03/2001 |
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REGISTER DATE: |
09/03/2001 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
04.330.905/0001-80 |
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STATE REGISTER: |
116.098.380.113 |
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SHARE CAPITAL: |
R$ 4.000.000,00 |
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LAST REGISTER OF CAPITAL: |
23/07/2008 |
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BOARD OF
DIRECTORS: |
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PAULO ROBERTO PEREIRA |
MANAGING PARTNER |
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SUELI MENDONCA PEREIRA |
MANAGING PARTNER |
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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PAULO ROBERTO PEREIRA |
90,00% |
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SUELI MENDONCA PEREIRA |
10,00% |
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AFFILIATES / SUBSIDIARIES |
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A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS THE FOLLOWING UNCONFIRMED
HOLDINGS: |
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PRS ADMINISTRADORA DE BENS PROPRIOS LTDA |
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ELINOX COMERCIAL E DISTRIBUIDORA DE ACO INOXIDAVEL LTDA |
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THE SUBJECT WAS ESTABLISHED ON MARCH 09, 2001 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. PARTNERS: PAULO ROBERTO PEREIRA, BRAZILIAN, HOLDER OF DOCUMENT, CPF
298.396.457-49, RESIDENTIAL ADDRESS AV. SERNAMBETIBA, 4000, BLOCO 02, APART.
504, BARRA DA TIJUCA - RIO DE JANEIRO/RJ; SUELI MENDONCA PEREIRA, BRAZILIAN, HOLDER OF DOCUMENT, CPF
347.944.417-20, RESIDENTIAL ADDRESS AV. SERNAMBETIBA, 4000, BLOCO 02, APART.
504, BARRA DA TIJUCA - RIO DE JANEIRO/RJ. 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$ 2,23 |
- OFFICIAL RATE
ON 06/05/2014 |
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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
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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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Manufacturer of Stainless Steel such as
Rectangular Tubes, Square Tubes, Pipe Od, Pipe Schedules, Bars Stainless
Steel, Rectangular Bars, Plates, Sheets / Coils, Ribbons & Corner |
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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: 160 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 2001. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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FELAP MAQUINAS E EQUIPAMENTOS LTDA |
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GIMBA SUPRIMENTOS DE ESCR E INFOR LTDA |
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LIMA PERGHER IND COM REPRES LTDA |
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OURO PRETO COM FERRO AÇO LTDA |
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RODOCERTO TRANSP LTDA |
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PAYMENT HISTORY: |
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4 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 9.454,00 |
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AMOUNT OF INVOICES PAID: 11 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 2.100,00 |
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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.58.75 |
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UK Pound |
1 |
Rs.98.77 |
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Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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.