MIRA INFORM REPORT

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

COLORNET COMÉRCIO EXTERIOR LTDA

 

 

Registered Office :

Avenida Rio Bonito, 287 - Capela Do Socorro 04776-000 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

22.07.1996

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of chemical products.

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

Company name and address

 

COLORNET COMÉRCIO EXTERIOR LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA RIO BONITO,287 - CAPELA DO SOCORRO

ZIP CODE/CITY:

04776-000 - SÃO PAULO/SP

 

 

PHONE:

11 5183-8323

FAX:

11 5183-2548

E-MAIL:

cida@colornet.com.br

WEB SITE:

www.colornet.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA FELIX BUSSO ASSEBURG,52 SALA 02-B - CENTRO

ZIP CODE/CITY:

88301-090 ITAJAÍ/SC

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE OF CHEMICAL PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

22/07/1996

REGISTER DATE:

22/07/1996

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

01.382.160/0001-05

STATE REGISTER:

114.926.807.111

 

 

SHARE CAPITAL:

R$ 300.000,00

LAST REGISTER OF CAPITAL:

10/05/2004

 

BOARD OF DIRECTORS:

 

 

 

YARA CARMEN RUBAYO MUSCALU RAICHER

MANAGING PARTNER

MARCOS RAICHER

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

YARA CARMEN RUBAYO MUSCALU RAICHER

50%

MARCOS RAICHER

50%

 

 

AFFILIATES / SUBSIDIARIES:

 

 

 

TUTTO SOMMATO COMERCIO E DECORAÇÕES LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JULY 22, 1996 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

TRADE NAME: COLOR NET

 

SUBJECT IS ISO 9001/2000 CERTIFIED BY DNV ON 19/02/2004.

 

PARTNERS:

 

YARA CARMEN RUBAYO MUSCALU RAICHER: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 6.763.685 SSP-SP, CPF 945.423.928-72, RESIDENTIAL ADDRESS AT, RUA JOAQUIM JOSE ESTEVES 60, APTO 112, SÃO PAULO/SP

 

MARCOS RAICHER: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 5.532.122-7 SSP-SP, CPF 944.469.468-20, RESIDENTIAL ADDRESS AT, RUA JOAQUIM JOSE ESTEVES 60, APTO 112, SÃO PAULO/SP.

 

FURTHER DETAILS ARE 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.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

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.

 

OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,36

 - OFFICIAL RATE ON 18/09/2014

 

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

DETAIL OF OWNED REAL ESTATE:

 

TYPE:

OTHERS

VALUE:

R$ ,00

REMARKS:

THE COMPANY IS NOT A REAL ESTATE OWNER. IT OPERATES IN RENTED PREMISES.

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 449.694,52

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 82.020,75

 

INSURANCE

 

NOT AVAILABLE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO ITAÚ S/A

11 3742-7056

SÃO PAULO/SP

BANCO DO BRASIL S/A

11 5644-5900

SÃO PAULO/SP

 

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

 

SUBJECT IS ENGAGED IN THE WHOLESALE OF CHEMICAL PRODUCTS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

USA, ENGLAND, GERMANY, CANADA AND FRANCE.

 

   EXPORTS TO:

THE COMPANY DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

AKZO NOBEL

 

11 4346-1747

DU PONT

 

11 6465-8280

HELIOS CARBEX

 

11 4198-2044

SHERWIN WILLIAMS

 

11 4788-5094

 

STAFF:

 

THE COMPANY HAS: 12 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1996. 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, SINCE SUBJECT MAIN SUPPLIERS ARE SAID TO BE THE FOREIGN COMPANIES AND DUE TO THE NATURE OF ITS BUSINESSS.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

BRAZMO IND E COMERCIO LTDA

 

 

CASSEMA IND E COMERCIO DE PRODS. TEXTEIS LTDA

 

 

COMERCIAL DE VEÍCULOS DIVENA LTDA

 

 

CONSTRUMEGA MEGA CENTER DA CONSTUÇÃO LTDA

 

 

CREATIVE INDUSTRIA E COMERCIO LTDA

 

 

DAM COLOR COMERCIAL LTDA

 

 

DELL COMPUTADORES DO BRASIL LTDA

 

 

GLOBEX UTILIDADES S/A

 

 

KALUNGA COMERCIO E IND GRÁFICA LTDA

 

 

SILBERLINE BRASIL LTDA

 

 

 

FOREIGN SUPPLIERS:

 

PHONE:

AVECI LTD

 

1 281 497-4801

DYNASTY

 

 

FRANCOLOR PIGMENTS FRANCE

 

33 344 74 4614

GOKUL

 

1 732 388-6177

HEUBACH

 

49 5326 52 167

HOLLIDAY

 

44 14823887-63

STAHL

 

33 4 7431 4901

 

PAYMENT HISTORY:

 

3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.062,00

 

AMOUNT OF INVOICES PAID: 5

TOTAL OF PROMPT PAYMENTS: 80,4%

TOTAL OF DELAYED PAYMENTS: 19,6%

 

HIGHEST INVOICE: R$ 264,00

HIGHEST CREDIT: R$ 264,00

 

 

FINAL OPINION

 

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.60.80

UK Pound

1

Rs.100.06

Euro

1

Rs.78.46

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.