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Report Date : |
13.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ARVIN MERITOR DO BRASIL SISTEMAS AUTOMOTIVOS LTDA |
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Registered Office : |
Rua Nathanael Tito Salmon, 409 – Centro 06.016-075 - Osasco/SP |
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Country : |
Brazil |
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Date of Incorporation : |
27.12.1955 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of
Parts and Accessories for Motor Vehicles. |
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No. of Employees : |
1100 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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.
|
Source
: CIA |
ARVIN MERITOR DO
BRASIL SISTEMAS AUTOMOTIVOS LTDA
|
MAIN ADDRESS: |
RUA NATHANAEL TITO SALMON, 409 - CENTRO |
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ZIP CODE/CITY: |
06.016-075 - OSASCO/SP |
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PHONE: |
11 3684-6533 |
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FAX: |
11 3684-6533 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA JOÃO BATISTA, 825 - CENTRO |
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ZIP CODE/CITY: |
06097-105 OSASCO/SP |
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PHONE: |
11 3684-6787 |
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CNPJ: |
56.669.187/0009-22 |
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STATE REGISTER: |
492.001.261.119 |
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ADDRESS: |
RUA ESTER ROMBENSO, 403 - CENTRO |
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ZIP CODE/CITY: |
06097-120 OSASCO/SP |
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PHONE: |
11 3684-6931 |
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CNPJ: |
56.669.187/0011-47 |
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STATE REGISTER: |
492.458.225.119 |
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ADDRESS: |
RUA ENGENHEIRO ALAN DA COSTA BATISTA, 100 MODULO BAIRRO PEDRA SELADA |
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ZIP CODE/CITY: |
27512-230 RESENDE/RJ |
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CNPJ: |
56.669.187/0017-32 |
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STATE REGISTER: |
85.942.204 |
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ADDRESS: |
AVENIDA JOÃO BATISTA, 830 - CENTRO |
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ZIP CODE/CITY: |
06097-095 OSASCO/SP |
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CNPJ: |
56.669.187/0012-28 |
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STATE REGISTER: |
492.365.928.118 |
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ADDRESS: |
AVENIDA JOÃO BATISTA, 826 - CENTRO |
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ZIP CODE/CITY: |
06097-095 OSASCO/SP |
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CNPJ: |
56.669.187/0020-38 |
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STATE REGISTER: |
492.477.248.117 |
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MAIN ACTIVITIES: |
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MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
27/12/1955 |
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REGISTER DATE: |
27/12/1955 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
56.669.187/0001-75 |
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STATE REGISTER: |
417.120.754.110 |
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SHARE CAPITAL: |
R$ 229.114.920,00 |
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BOARD OF
DIRECTORS: |
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KLEBER ASSANTI |
DIRECTOR |
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SILVIO NOGUEIRA DE BARROS |
DIRECTOR |
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JOSE MANOEL BERNARDES |
DIRECTOR |
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ALEXANDRE FRANCO MARIEN |
DIRECTOR |
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ROBERTO YOUN LUI |
DIRECTOR |
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ANTONIO CARLOS ROSSI |
MANAGER |
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TANIA MARA FERREIRA |
ATTORNEY |
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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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MERITOR BRAZIL HOLDING, LLC |
R$ 229.114.919,00 |
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ARVIN FINANCE, LLC. (U.S.A.) |
R$ 1,00 |
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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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ALIMENTOS PREMIUM DO BRASIL LTDA. |
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NEU EMPREENDIMENTOS E PARCIPACOES LTDA - ME |
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SUSPENSYS SISTEMAS AUTOMOTIVOS LTDA |
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DE LUXE INTIME CONFECCOES LTDA - ME |
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MASTER SISTEMAS AUTOMOTIVOS LTDA |
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THE SUBJECT WAS ESTABLISHED ON, DECEMBER 27, 1955 AS ARVIN SISTEMAS DE
EXAUSTÃO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JULY 07, 1978 IT ALTERED TO ARVIN
EXHAUST DO BRASIL LTDA. ON AUGUST 30, 2003 IT ALTERED TO ARVINMERITOR DO
BRASIL SISTEMAS AUTOMOTIVOS LTDA. LATER IT ADOPTED THE ABOVE MENTIONED NAME
AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. IN AUGUST 2003 THE SUBJECT TOOK OVER THE COMPANY MERITOR DO BRASIL
LTDA., CNPJ: 61.080.396/0001-19. ON AUGUST 11, 2009 THE COMPANY UNDERWENT A PARTIAL SPLIT OFF WITH THE
TRANSFERENCE OF THE SPUN-OFF PART TO MERITOR COMERCIO E INDUSTRIA DE SISTEMAS
AUTOMOTIVOS LTDA NIRE 35222396392. ON OCTOBER 05, 2010 THE COMPANY UNDERWENT A PARTIAL SPLIT OFF WITH THE
TRANSFERENCE OF THE SPUN-OFF PART TO ARVINMERITOS DO BRASIL COMERCIO DE
SISTEMAS DE PORTAS LTDA. PARTNERS AND DIRECTORS: MERITOR BRAZIL HOLDING, LLC: HEADQUARTERED AT 2135 WEST MAPLE ROAD
TROY, STATE MICHAGAN, 48084 UNITED STATES, REPRESENTED BY ITS ATTORNEY, TANIA
MARA FERREIRA, BRAZILIAN, HOLDER OF DOCUMENTS CPF 520.124.338-04 AND RG
4.291.152, RESIDENTIAL ADDRESS AT AVENIDA BRIGADEIRO FARIA LIMA, 3729, 2º
ANDAR, ITAIM BIBI, ZIP CODE 04538-905, SÃO PAULO/SP; ARVIN FINANCE, LLC. (U.S.A.): HEADQUARTERED AT 2135 WEST MAPLE ROAD
TROY, STATE MICHAGAN, 48084 UNITED STATES, REPRESENTED BY ITS ATTORNEY, TANIA
MARA FERREIRA, BRAZILIAN, HOLDER OF DOCUMENTS CPF 520.124.338-04 AND RG
4.291.152, RESIDENTIAL ADDRESS AT AVENIDA BRIGADEIRO FARIA LIMA, 3729, 2º
ANDAR, ITAIM BIBI, ZIP CODE 04538-905, SÃO PAULO/SP; FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. LEONARDO, FINANCIAL
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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PROTESTS: |
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01 PROTEST, TOTAL AMOUNT R$ 9.459,20 |
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DETAILS OF PROTEST: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE SP-BARUERI |
07/04/2014 |
R$ 9.459,20 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
10/05/10 |
1º VARA DE MG-CAMBUÍ |
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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$ 2,56 |
- OFFICIAL RATE ON 11/11/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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THE COMPANY IS REPORTED TO HAVE HIGH FINANCIAL STRENGTH, HOWEVER, IN
THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE
SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 75.750.000,00
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
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BRANCH/PHONE: |
CITY: |
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BANCO DO BRASIL S/A |
0637-8 / 11 3682-5996 |
OSASCO/SP |
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BANCO BRADESCO S/A |
0127-9 / 11 3465-1396 |
OSASCO/SP |
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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"). DATE RESEARCHED: NOVEMBER 11, 2014. |
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MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES |
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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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AGRALE S/A |
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CATERPILLAR BRASIL LTDA. |
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DAIMLERCHRYSLER DO BRASIL LTDA |
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FIAT AUTOMOVEIS S/A |
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FORD BRASIL LTDA. |
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GENERAL MOTORS DO BRASIL LTDA. |
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MAN LATIN AMERICA IND E COM DE VEICULOS LTDA |
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SCANIA LATIN AMERICA LTDA |
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TOYOTA DO BRASIL LTDA |
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VOLKSWAGEN DO BRASIL LTDA. |
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VOLVO DO BRASIL VEICULOS LTDA. |
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FOREIGN CLIENTS: |
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CHRYSLER CORPORATION |
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STAFF: |
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THE COMPANY HAS: 1100 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1955. IT IS
SUBSIDIARY OF A GROUP WITH HUGE FINANCIAL STRENGTH. SO FAR IT HAS A CLEAR
TRADE HISTORY, GOOD PAYMENT BEHAVIOUR AND KEEPS ENJOYING A FAVORABLE
REPUTATION AMONG LOCAL TRADE SOURCES. 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 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. THE PROTEST FOUND IS NOT RELEVANT. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ACESITA S/A |
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ARCELOR BRASIL S/A |
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BASF S/A |
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CIA SIDERURGICA BELGO MINEIRA |
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CINPAL INDUSTRIAL DE PEÇAS LTDA |
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COBRADIS CIA BRASILEIRA DISTRIBUIDORA DE PRODUTOS |
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DAMBROZ S/A IND MECÂNICA E METALÚRGICA |
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DELGA INDUSTRIA E COMERCIO LTDA |
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FERROLAR INDÚSTRIA E COMÉRCIO DE ARTEFATOS DE METAIS LTDA |
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INDÚSTRIA DE TINTAS E VERNIZES PAUMAR LTDA |
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OURO FINO IND E COMÉRCIO DE AUTO PEÇAS LTDA |
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PAULETUBO COMERCIAL LTDA |
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RIGESA CELULOSE PAPEL E EMBALAGENS LTDA |
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RIGESA CELULOSE PAPEL E EMBALAGENS LTDA. |
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SAINT GOBAIN VIDROS S/A |
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THYSSEN FUNDIÇÕES LTDA. |
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TINKEN DO BRASIL LTDA |
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VALLOUREC & MANNESMANN TURES V. & M DO BRASIL |
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PAYMENT HISTORY: |
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15 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 6.841.648,00 |
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|
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AMOUNT OF INVOICES PAID: 317 |
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TOTAL OF PROMPT PAYMENTS: 95,2% |
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TOTAL OF DELAYED PAYMENTS: 4,8% |
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HIGHEST INVOICE: R$ 117.041,00 |
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HIGHEST CREDIT: R$ 117.041,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
11 |
R$ 67.858,86 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. 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.61.48 |
|
|
1 |
Rs.97.92 |
|
Euro |
1 |
Rs.76.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.