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Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
3W DO BRASIL- IMPORTACAO E EXPORTACAO LTDA ME |
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Registered Office : |
Rua Jose Camilo Da Rosa,245 - Praia Grande 88385-000 - Penha/SC |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.04.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import, Export And Wholesale Of Products In Genera006C |
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No of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
3W DO BRASIL-
IMPORTACAO E EXPORTACAO LTDA ME
|
MAIN ADDRESS: |
RUA JOSE CAMILO DA ROSA,245 - PRAIA GRANDE |
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ZIP CODE/CITY: |
88385-000 - PENHA/SC |
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PHONE: |
47 3361-6328 |
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E-MAIL: |
financeiro@3wdobrasil.com.br |
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WEB SITE: |
www.3wdobrasil.com.br |
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BRANCHES: |
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NOT AVAILABLE. |
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MAIN ACTIVITIES: |
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IMPORT, EXPORT AND WHOLESALE OF PRODUCTS IN GENERAL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
19/04/2000 |
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REGISTER DATE: |
19/04/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.788.468/0001-80 |
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STATE REGISTER: |
254.933.998 |
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SHARE CAPITAL: |
R$ 50.000,00 |
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BOARD OF
DIRECTORS: |
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JORGE ANTONIO MARQUES |
MANAGING PARTNER |
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
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JORGE ANTONIO MARQUES |
99% |
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KATHRYN LYNN MARQUES |
1% |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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BRASIL CLEAN TECNOLOGIAS AMBIENTAIS LTDA |
|
JORGE ANTONIO MARQUES |
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BRASIL CLEAN ENERGY ENVIRONMENTAL TECHNOLOGY LTDA |
THE SUBJECT WAS ESTABLISHED ON APRIL 19, 2000 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.
PARTNERS:
JORGE ANTONIO MARQUES: BRAZILIAN, MARRIED, TRADER, HOLDER OF DOCUMENTS RG 6.043.895 SSP/SC AND CPF 438.875.541-91, RESIDENTIAL ADDRESS AT RUA Nº. 06, CASA 46, BAIRRO PRAIA GRANDE, ZIP CODE 88385-000, PENHA/SC;
KATHRYN LYNN MARQUES: BORN IN UNITED STATES AND NATURALIZED BRAZILIAN, SINGLE, STUDENT, HOLDER OF DOCUMENTS RG 6.220.035 SSP/SC AND CPF 083.108.479-04, RESIDENTIAL ADDRESS AT RUA Nº. 06, CASA 46, BAIRRO PRAIA GRANDE, ZIP CODE 88385-000, PENHA/SC, REPRESENTED BY ITS FATHER, MR. JORGE ANTONIO MARQUES, AS ABOVE MENTIONED.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
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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LAWSUITS: |
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DATE: |
COURT OF LAW: |
|
1 |
EXECUTIVE LAWSUIT |
06/02/12 |
1ª VARA DE SC-BALNEÁRIO CAMBORIÚ |
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GENERAL BALANCE SHEETS AS OF 31/12/2012. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
|
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CURRENT: |
31/12/2012 |
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CASH AND BANKS |
1.018,31 |
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CLIENTS |
1.552.462,09 |
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|
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RECOVERABLE TAXES |
76.871,87 |
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|
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GRANTED LOANS |
66.000,00 |
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INVENTORY |
526.394,54 |
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IMPORTS IN PROGRESS |
13.242,81 |
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PREPAID EXPENSES |
5.081,00 |
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---------------- |
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TOTAL CURRENT ASSETS |
2.241.070,62 |
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LONG-TERM
RECEIVABLES: |
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JUDICIAL DEPOSITS |
15.923,12 |
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---------------- |
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TOTAL LONG-TERM RECEIVABLES |
15.923,12 |
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FIXED ASSETS: |
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|
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FIXED ASSETS |
189.863,94 |
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DEPRECIATIONS |
-20.730,90 |
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|
---------------- |
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TOTAL FIXED ASSETS |
169.133,04 |
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================ |
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TOTAL ASSETS |
2.426.126,78 |
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LIABILITIES: |
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CURRENT: |
31/12/2012 |
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SUPPLIERS |
1.142.090,30 |
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LOANS AND FINANCING |
32.777,07 |
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SOCIAL / LABOR OBLIGATIONS |
15.195,27 |
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TRIBUTARY OBLIGATIONS |
247.902,20 |
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OBLIGATIONS/THIRD PARTIES |
73.676,02 |
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---------------- |
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TOTAL CURRENT LIABILITIES |
1.511.640,86 |
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LONG TERM
LIABILITIES: |
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LOANS AND FINANCING |
70.421,71 |
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SUPPLIERS |
354.250,45 |
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---------------- |
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TOTAL LONG TERM LIABILITIES |
424.672,16 |
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NET EQUITY: |
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SHARE CAPITAL |
50.000,00 |
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ACCRUED PROFIT (LOSS) |
50.039,86 |
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PROFIT (LOSS) OF PERIOD |
389.773,90 |
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---------------- |
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TOTAL NET EQUITY |
489.813,76 |
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================ |
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TOTAL LIABILITIES |
2.426.126,78 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012. |
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( FIGURES ARE IN REAIS ). |
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|
31/12/2012 |
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GROSS SALES |
2.123.586,93 |
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(-) TAXES ON SALES |
439.965,31 |
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---------------- |
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NET SALES |
1.683.621,62 |
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(-) COST OF SOLD GOODS |
1.152.248,20 |
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---------------- |
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GROSS PROFIT |
531.373,42 |
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OPERATING REVENUE (EXPENSE) |
-135.826,06 |
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FINANCIAL REVENUE(EXPENSE) |
-5.773,46 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
389.773,90 |
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---------------- |
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NET PROFIT (LOSS) |
389.773,90 |
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MONTHLY SALES |
|||
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2012 |
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--------------------- |
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JANUARY |
R$ 105.054,00 |
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FEBRUARY |
R$ 35.280,00 |
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MARCH |
R$ 194.640,00 |
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APRIL |
R$ 25.705,00 |
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MAY |
R$ 3.224,00 |
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JUNE |
R$ 279.147,75 |
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JULY |
R$ 136.826,79 |
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AUGUST |
R$ 343.228,03 |
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SEPTEMBER |
R$ 198.102,26 |
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OCTOBER |
R$ 498.961,83 |
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NOVEMBER |
R$ 387.309,74 |
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DECEMBER |
R$ 100.864,17 |
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TOTAL |
R$ 2.308.343,57 |
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RATIOS: |
31/12/2012 |
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QUICK RATIO |
1,13 |
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CURRENT RATIO |
1,48 |
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ACCOUNTS RECEIVABLE TURNOVER |
1,08 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
331,95 |
DAYS |
|
|
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INVENTORY TURNOVER |
2,19 |
TIMES |
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|
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ACCOUNTS PAYABLE PERIOD |
356,83 |
DAYS |
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RETURN ON ASSETS |
,69 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
3,44 |
TIMES |
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NET WORTH TIE-UP |
,39 |
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INDEBTEDNESS |
3,95 |
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EQUITY RATIO |
20,19 |
% |
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WORKING CAPITAL RATIO |
48,25 |
% |
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GENERAL SOLVENCY |
1,25 |
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|
|
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RETURN ON NET EQUITY |
79,58 |
% |
|
|
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RETURN ON SALES (PROFIT MARGIN) |
23,15 |
% |
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|
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GROSS PROFIT MARGIN |
31,56 |
% |
|
|
|
OPERATIONAL RESULT |
23,15 |
% |
|
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SALES TURNOVER ON LIABILITIES |
1,11 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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|
US$ 1,00 = R$ 2,21 |
- OFFICIAL RATE ON 20/05/2014 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING
CAPITAL. IT SHOWS MODEST SALES VOLUME BUT POSTED PROFIT. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
NOT AVAILABLE
BANCO BRADESCO S/A
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").
IMPORT, EXPORT AND WHOLESALE OF FOOD PRODUCTS, BEVERAGES, MEDICAL-HOSPITAL, EQUIPMENTS, CIVIL CONSTRUCTION, AUTOMOBILE, MACHINERY AND EQUIPMENTS FOR SHIPBUILDING, TEXTILES, ELECTRIC / ELECTRONICS, COMPUTER, HOUSEHOLD UTENSILS, SPORTING GOODS, PLASTIC AND DISPOSABLE PACKAGING, CLEANING, PHARMACEUTICALS, PERFUME AND HYGIENE 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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|
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 10 EMPLOYEE(S) |
THE SUBJECT WAS ESTABLISHED IN 2000. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED.
LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT FACILITIES.
THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION.
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE. |
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PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
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 UPDATED FINANCIAL DATA
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.77 |
|
|
1 |
Rs. 99.01 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
|
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.