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Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
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Name : |
SONHO MAGICO INDUSTRIA E COMERCIO DE
ROUPAS LTDA |
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Registered Office : |
Av. Costa E Silva,633 – Centro, 85.990-000 - Terra Roxa/Pr |
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Country : |
Brazil |
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Date of Incorporation : |
24.04.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Infant Wearing Apparel. |
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No. of Employees : |
460 Employees |
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 : |
No Complaints |
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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
|
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 |
SONHO
MAGICO INDUSTRIA E COMERCIO DE ROUPAS LTDA
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MAIN ADDRESS: |
AV. COSTA E SILVA,633 - CENTRO |
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ZIP CODE/CITY: |
85.990-000 - TERRA ROXA/PR |
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PHONE: |
44 3645-1466 |
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FAX: |
44 3645-1466 |
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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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MANUFACTURE OF INFANT WEARING APPAREL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
24/04/1997 |
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REGISTER DATE: |
24/04/1997 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
01.795.751/0001-04 |
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STATE REGISTER: |
90129808-49 |
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SHARE CAPITAL: |
R$ 500.000,00 |
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BOARD OF
DIRECTORS: |
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FELIPE EDUARDO GALI |
MANAGING PARTNER |
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CAMILA FERNANDA GALI |
MANAGING PARTNER |
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CLEUNICE MARIA VERIDIANO GALI |
MANAGING PARTNER |
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CLAUDIO ADELINO GALI |
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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FELIPE EDUARDO GALI |
40,00% |
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CAMILA FERNANDA GALI |
40,00% |
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CLEUNICE MARIA VERIDIANO GALI |
10,00% |
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CLAUDIO ADELINO GALI |
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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BABY LIPPY CONFECÇƠES LTDA EPP |
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JULY BABY CONFECÇƠES LTDA ME |
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BABY NICKY CONFECÇƠES LTDA ME |
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MILLA BABY BORDADOS LTDA ME |
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BABY SONHO CONFECÇƠES LTDA ME |
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BELO SONHO BORDADOS LTDA ME |
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THE SUBJECT WAS ESTABLISHED ON APRIL 24, 1997 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "SONHO MAGICO". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. MAYCON - 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. |
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$ 2,39 |
- OFFICIAL RATE ON 14/10/2014 |
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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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MANUFACTURE OF INFANT WEARING APPAREL. |
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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: 460 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1997. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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. |
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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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24 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 367.820,00 |
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AMOUNT OF INVOICES PAID: 234 |
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TOTAL OF PROMPT PAYMENTS: 99,8% |
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TOTAL OF DELAYED PAYMENTS: 0,2% |
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HIGHEST INVOICE: R$ 13.402,00 |
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HIGHEST CREDIT: R$ 13.402,00 |
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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 |
8 |
R$ 3.576,99 |
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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.61.48 |
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|
1 |
Rs.98.24 |
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Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.