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Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
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Name : |
PRINCETON-LEMITAR INDÚSTRIA E COMÉRCIO LTDA |
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Registered Office : |
Avenida Das Nacoes Unidas, 10989 10º Andar, CJ. 101 - Brooklin
Paulista, 04578-900 - São Paulo/SP |
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Country : |
Brazil |
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Date of Incorporation : |
04.08.1975 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Commercial representation and import of raw material for chemical
products. |
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No of Employees : |
40 |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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, 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 |
PRINCETON-LEMITAR
INDÚSTRIA E COMÉRCIO LTDA
ADDRESSES
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MAIN ADDRESS: |
AVENIDA DAS NACOES UNIDAS,10989 10º ANDAR, CJ. 101 - BROOKLIN PAULISTA
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ZIP CODE/CITY: |
04578-900 - SÃO PAULO/SP |
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PHONE: |
11 3232-4571 |
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FAX: |
11 3232-4571 |
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E-MAIL: |
daniela.ortiz@princeton-lemitar.com.br |
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WEB SITE: |
www.princetondobrasil.com.br |
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BRANCHES: |
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NOT AVAILABLE |
LEGAL
DATA
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MAIN ACTIVITIES: |
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COMMERCIAL REPRESENTATION AND IMPORT OF RAW MATERIAL FOR CHEMICAL
PRODUCTS. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
04/08/1975 |
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REGISTER DATE: |
04/08/1975 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
47.180.831/0001-56 |
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STATE REGISTER: |
111.217.967.119 |
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SHARE CAPITAL: |
R$ 400.000,00 |
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LAST REGISTER OF CAPITAL: |
28/01/2013 |
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BOARD OF
DIRECTORS: |
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LUIZ JOSÉ AMBROSIO DE MARCHI GHERINI |
MANAGING PARTNER |
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LOURDES ESTHER CIORLIA DE MARCHI GHERINI |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
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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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LUIZ JOSÉ AMBROSIO DE MARCHI GHERINI |
80% |
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LOURDES ESTHER CIORLIA DE MARCHI GHERINI |
20% |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 4, 1975 AS "PRINCETON DO
BRASIL INDÚSTRIA COMÉRCIO LTDA" TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. ON NOVEMBER 14, 2012 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE
IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "PRINCETON". PARTNERS: LUIZ JOSÉ AMBROSIO DE MARCHI GHERINI: BRAZILIAN, HOLDER OF DOCUMENTS,
CPF 005.037.468-00, RG 10220902, RESIDENTIAL ADDRESS AT RUA EMBAIXADOR
RIBEIRO COURO, 316, MOEMA - SÃO PAULO/SP. LOURDES ESTHER CIORLIA DE MARCHI GHERINI: BRAZILIAN, HOLDER OF
DOCUMENTS, CPF 955.363.028-68, RG 9319505, RESIDENTIAL ADDRESS AT RUA
EMBAIXADOR RIBEIRO COURO, 316, MOEMA - SÃO PAULO/SP. 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. |
FINANCIAL
INFORMATION
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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$ 2,43 |
- OFFICIAL RATE |
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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
INSURANCE
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NOT AVAILABLE |
BANKING
REFERENCES
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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"). |
ACTIVITIES
COMMENTS
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COMMERCIAL REPRESENTATION AND IMPORT OF RAW MATERIAL FOR CHEMICAL
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: 40 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1975. SO FAR IT HAS A CLEAR TRADE
HISTORY AND MODEST PAYMENT BEHAVIOUR. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF 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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2 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.188,00 |
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AMOUNT OF INVOICES PAID: 2 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 1.170,00 |
FINAL
OPINION
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.41 |
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1 |
Rs.98.06 |
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Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SMN |
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 |
-- |
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.