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Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLINT GROUP TINTAS DE IMPRESSAO LTDA |
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|
|
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Registered Office : |
Rodovia Raposo Tavares, S/Nº, KM 27,5 - |
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Country : |
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Date of Incorporation : |
01.01.1948 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer and Sale of Paints, Varnishes and Other Products for Printing |
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No of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
-- |
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 |
FLINT GROUP TINTAS DE IMPRESSAO LTDA
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MAIN ADDRESS: |
RODOVIA RAPOSO TAVARES, S/Nº, KM 27,5 - MOINHO VELHO |
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ZIP CODE/CITY: |
06707-000 - COTIA/SP |
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PHONE: |
11 3454-5200 |
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FAX: |
11 3454-5200 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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DOES NOT HAVE. |
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MAIN ACTIVITIES: |
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MANUFACTURE AND SALE OF PAINTS, VARNISHES AND OTHER PRODUCTS FOR
PRINTING. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
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INCORPORATION DATE: |
04/01/1948 |
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REGISTER DATE: |
04/01/1948 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
33.084.922/0001-83 |
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STATE REGISTER: |
278.014.456.115 |
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SHARE CAPITAL: |
R$ 63.814.910,00 |
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LAST REGISTER OF CAPITAL: |
07/07/2005 |
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BOARD OF
DIRECTORS: |
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|
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MARCOS BAUER ESPINDOLA |
ADMINISTRATIVE DIRECTOR |
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ADHEMUR ARAUJO PILAR |
GENERAL DIRECTOR |
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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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|
|
|
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FLINT GROUP INCORPORATED (USA) |
R$ 775.607,00 |
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FLINT INK LATIN AMERICA (USA) |
R$ 21.166.100,00 |
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FLINT INK HOLDING DO BRASIL LTDA (BRAZIL) |
R$ 41.873.203,00 |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
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GRUPO FLINT |
|
|
PLOVIDIV COMERCIAL LTDA. |
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THE SUBJECT WAS ESTABLISHED ON JANUARY 30, 1948 AS LORILLEUX DO BRASIL INDÚSTRIA DE TINTAS S/A TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ALTERED TO CIA QUIMICA INDUSTRIAL BRASILEIRA. ON MARCH 16, 2000 ITS CORPORATE NAME WAS MODIFIED TO FLINT INK DO BRASIL LTDA. ON MAY 03, 2011 IT ALTERED TO THE CURRENT REGISTERED ONE.
PARTNERS:
FLINT INK HOLDING DO BRASIL LTDA: NITE 35.215.983.679, HEADQUARTERED AT NA RUA BOA VISTA, 254, 7°. ANDAR, SALA 7, SÃO PAULO/SP;
FLINT GROUP INCORPORATED: HEADQUARTERED AT 4600 IRROWHEAD DRIVE, ANN ARBOR, 48105, ESTADO DE MICHIGAN, ESTADOS UNIDOS DA AMERICA;
FLINT INK LATIN AMERICA: HEADQUARTERED AT ONEL DETRAN CENTER SUITE 1800, 9100 DADELAND BLVD., MIAMI, FLORIDA, EUA.
FFURTHER DETAILS ARE SO FAR NOT KNOWN.
REMARKS:
--------
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ANDREIA - 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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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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2 |
FEDERAL LAWSUITS |
11/09/13 |
VARA DE SP - COTIA |
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3 |
MUNICIPAL LAWSUITS |
21/05/13 |
VARA DE SP - COTIA |
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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$ 2,20 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
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DETAIL OF OWNED
REAL ESTATE: |
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QUANTITY: |
1 |
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TYPE: |
PLANT |
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VALUE: |
R$ ,00 |
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REMARKS: |
INDUSTRIAL COMPLEX TOTALIZING 18.352 SQ MTS OF BUILT-UP AREA IN A
TOTAL AREA OF 80.786 SQ MTS LOCALIZED AT THE CAPTION. |
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
NOT AVAILABLE
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BRANCH/PHONE: |
CITY: |
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BANCO ITAÚ S/A |
11 3003-4828 |
SÃO PAULO/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"). |
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THE SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF PAINTS,
VARNISHES AND OTHER PRODUCTS FOR PRINTING. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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TAIWAN, FINLAND, HOLLAND, UNITED STATES, GERMANY, ARGENTINA AND
ENGLAND. |
EXPORTS TO:
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THE COMPANY DOES NOT EXPORT. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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BAFEMA S/A IND. E COMÉRCIO |
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BOMBRIL S/A |
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BRASILGRÁFICA S/A IND. E COMÉRCIO |
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DONNELLEY COCHRANE GRAF. EDITORA DO BRASIL LTDA |
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EDITORA ABRIL S/A |
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EMPESA FOLHA DA MANHÃ S/A |
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FÁBRICA DE PAPEL E PAPELÃO NOSSA SENHORA DA PENHA S/A |
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FOLHA DE SÃO PAULO S/A |
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GONÇALVES S/A INDÚSTRIA GRÁFOCA |
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LADAL PLÁSTICOS E EMBALAGENS LTDA |
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O GLOBO EMPRESA JORNALISTICA BRASILEIRA LTDA |
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PLASC PLÁSTICOS SANTA CATARINA S/A |
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QUEBECOR WORLD RECIFE LTDA |
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SANTA ROSA EMBALAGENS FLEXÍVEIS LTDA |
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ZERO HORA EDIT. JORNALÍSTICA S/A |
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STAFF: |
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THE COMPANY HAS: 300 EMPLOYEE(S) |
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY OPERATING WITH A HIGH SCALE OF ACTIVITIES AND A GOOD REPUTATION BASED ON CLEAR TRADE HISTORY AND GOOD 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.
MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT PAYMENTS, THUS THE SUBJECT HAS A GOOD TRADE REPUTATION.
THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE REPUTATION.
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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AÇÃO INFORMATICA BRASIL LTDA |
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11 3508-2222 |
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AGECOM - PRODUTOS DE PETRÓLEO |
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11 4543-6922 |
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BASF BRASILEIRA S/A |
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11 4343-2209 |
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CABOT BRASIL INDÚSTRIA E COMÉRCIO LTDA |
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11 4547-6500 |
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CABOT BRASIL INDUSTRIA E COMERCIO LTDA |
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11 5091-8300 |
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CIA BRASILEIRA DE PETRÓLEO IPIRANGA |
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0800 0253805 |
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CIA NITRO QUÍMICA BRASILEIRA |
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11 2037-3297 |
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CIBA ESPECIALIDADES QUÍMICA LTDA |
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11 5532-7053 |
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CLARIANT S/A |
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11 5683-7518 |
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CYTEC-ESPECIALIDADES PARA SUPERFICIES LTDA |
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11 3038-0804 |
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EXXON MÓBIL QUÍMICA LTDA |
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11 3259-9117 |
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KEPLEN OIL BRASIL |
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11 4652-7999 |
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RHODIA DO BRASIL |
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11 3741-8795 |
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SOCER BRASIL |
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11 4028-9901 |
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UCB DO BRASIL LTDA |
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11 3032-4460 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
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AKZO NOBEL COATING SR |
ARGENTINA |
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AMERICAN GLISONITE COMPANY |
USA |
|
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BASF AG |
GERMANY |
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CDR PIGMENTS & DISPERSIONS |
HOLLAND |
|
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ELEMENTIS SPECIALTIES, INC |
UNITED STATES |
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FLINT GROUP PIGMENTS AND RESINS |
HOLLAND |
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HEXION INK AND COATING PRODUCTS |
ARGENTINA |
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KEMIRA PIGMENTS OU |
FINLAND |
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RHOEX, INC |
USA |
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RYCOLINE PRODUCTS, INC |
UNITED STATES |
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SACHTLEBEN PIGMENTS OY |
FINLAND |
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SHAMROCK TECHNOLOGIES, INC |
UNITED STATES |
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SÜD-CHEMIE INC |
USA |
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WESTVACO CORPORATION |
USA |
|
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YUEN LIANG INDUSTRIAL & CO. LTD. |
TAIWAN |
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PAYMENT HISTORY: |
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15 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 683.117,00 |
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|
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AMOUNT OF INVOICES PAID: 86 |
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TOTAL OF PROMPT PAYMENTS: 92,0% |
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TOTAL OF DELAYED PAYMENTS: 8,0% |
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HIGHEST INVOICE: R$ 90.990,00 |
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HIGHEST CREDIT: R$ 90.990,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 99,72 |
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. 60.84 |
|
|
1 |
Rs. 98.73 |
|
Euro |
1 |
Rs. 78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
SHG |
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.