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Report No. : |
315403 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
GRANITO ZUCCHI LTDA. |
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Registered Office : |
Avenida Jacaraipe,1423 A – Jacaraipe 29173-392 - Serra/ES |
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Country : |
Brazil |
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Date of Incorporation : |
17.06.1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Quarrying And Sale, Import And Export Of Crude Ornamented Stones, Blocks, Plates And Tiles, Semi-Finished, Industrialization On The Account Of Others And Rendering Of Services Of Packaging, Transportation As Well As Activities Of Management Holding Companies. |
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No of Employees : |
300 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
GRANITO ZUCCHI LTDA.
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MAIN ADDRESS: |
AVENIDA JACARAIPE,1423 A - JACARAIPE |
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ZIP CODE/CITY: |
29173-392 - SERRA/ES |
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PHONE: |
27 3243-9666 |
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FAX: |
27 3243-9699 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM,6 SANTA ROSA - VARGEM GRANDE
SOTURNO |
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ZIP CODE/CITY: |
29321-000 CACHOEIRO DE ITAPEMIRIM/ES |
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CNPJ: |
39.622.121/0002-91 |
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ADDRESS: |
RUA COMENDADOR ROBERTO UGOLINI, S/Nº. QUADRA IX, SETOR I,,0 LOTE 1/2 -
CIVIT I |
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ZIP CODE/CITY: |
29168-022 SERRA/ES |
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CNPJ: |
39.622.121/0003-72 |
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ADDRESS: |
POLO INDUSTRIAL MARCONI CIPRIANO GAMA, S/Nº. LOTES 24,29 E,30 QUADRA
03 |
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ZIP CODE/CITY: |
29830-000 NOVA VENÉCIA/ES |
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CNPJ: |
39.622.121/0004-53 |
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ADDRESS: |
AVENIDA JACARAIPE,1423 G, GALPĂO 01, SALA 01 - SĂO FRANCISCO |
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ZIP CODE/CITY: |
29175-217 SERRA/ES |
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CNPJ: |
39.622.121/0005-34 |
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ADDRESS: |
AVENIDA JACARAIPE,1423 GALPĂO 01, SALA 02 - SĂO FRANCISCO |
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ZIP CODE/CITY: |
29175-217 SERRA/ES |
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CNPJ: |
39.622.121/0006-15 |
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ADDRESS: |
RODOVIA GUMERCINDO MOURA NUNES, S/Nº. KM,6 GALPĂO 02, SALA 01, SANTA
ROSA - VARGEM GRANDE DE SOTURNO |
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ZIP CODE/CITY: |
29321-000 CACHOEIRO DO ITAMEMIRIM/ES |
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CNPJ: |
39.622.121/0007-04 |
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MAIN ACTIVITIES: |
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QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE ORNAMENTED STONES, BLOCKS,
PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION ON THE ACCOUNT OF OTHERS
AND RENDERING OF SERVICES OF PACKAGING, TRANSPORTATION AS WELL AS ACTIVITIES
OF MANAGEMENT HOLDING COMPANIES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
17/06/1994 |
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REGISTER DATE: |
17/06/1994 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
39.622.121/0001-00 |
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STATE REGISTER: |
081.684.30-4 |
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SHARE CAPITAL: |
R$ 8.905.279,00 |
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LAST REGISTER OF CAPITAL: |
31/08/2008 |
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BOARD OF
DIRECTORS: |
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JOSE JONAS ZUCCHI |
MANAGER |
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RONALDO RIBEIRO DOS SANTOS |
MANAGER |
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LEONARDO DE FREITAS TATAGIBA |
MANAGER |
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RONALDO ANTONIO ZUCCHI |
MANAGER |
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MARIZA DE FATIMA ZUCCHI MENEGHEL |
MANAGER |
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ZAPHIRA HOLDING LTDA |
R$ 10,00 |
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ZUCCHI PARTICIPAÇƠES S/A |
R$ 8.905.269,00 |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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THE SUBJECT WAS ESTABLISHED ON JUNE 17, 1994 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.
PARTNERS:
ZUCCHI PARTICIPACOES S/A: HEADQUARTERED AT AV. JACARAIPE 1423,SALA 01, SERRA/ES, REGISTRATION # CNPJ 13.808.776/0001-84
ZAPHIRA HOLDING LTDA: HEADQUARTERED AT AV. JACARAIPE 1423,SALA 01, SERRA/ES, REGISTRATION # CNPJ 13.707.100/0001-02.
REMARK:
THE COMPANY REPORTED THAT GRANITO ZUCCHI S/A TOOK OVER POLIMENTO ITALIANO LTDA., WHICH IS NOT OPERATING ANYMORE, THERE IS ONLY THE BRAND. THE ADDRESS RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM 06, SANTA ROSA, BAIRRO VARGEM GRANDE SATURNO, CACHOEIRO DE ITAPERIMIRIM/ES BELONGS TO GRANITO ZUCCHI AS MAIN ADDRESS BUT WITHOUT ACTIVITIES AND IT STILL LEGALLY EXISTS DUE TO THE FACT THAT THERE ARE SOME BUREAUCRATIC ISSUES TO BE RESOLVED.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. MARCELO MARQUES, ACCOUNTING 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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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. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,12 |
- OFFICIAL RATE ON 07/04/2015 |
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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: |
NOT AVAILABLE
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 285.385,87
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MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 12.624.100,00
NOT AVAILABLE
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BRANCH/PHONE: |
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BANCO DO BRASIL
S/A |
1404 |
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BANCO ITAU S/A |
3431-2 |
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HSBC BANK BRASIL
S/A |
0608 |
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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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SUBJECT IS ENGAGED IN THE QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE
ORNAMENTED STONES, BLOCKS, PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION
ON THE ACCOUNT OF OTHERS AND RENDERING OF SERVICES OF PACKAGING,
TRANSPORTATION AS WELL AS ACTIVITIES OF MANAGEMENT HOLDING COMPANIES. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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ITALY. |
EXPORTS TO:
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UNITED STATES |
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FOREIGN CLIENTS: |
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PHONE: |
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ALLIED STONE INC |
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580-931-3388 |
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CLASSIC G. AND MARBLE |
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706-283-0655 |
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NATURAL STONE GALLERY |
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713-778-0888 |
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SUPERIOR G. MARBLE |
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956-227-0748 |
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UNITED MATER INC |
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239-597-7773 |
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VERONA MARBLE |
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214-381-8405 |
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STAFF: |
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THE COMPANY HAS: 300 EMPLOYEE(S) |
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THE SUBJECT WAS ESTABLISHED IN 1994. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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FAMEX COMERCIAL |
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FERRIERA DI CITTADELLA |
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GARUVA ABRASIVOS |
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SANTA FE MADEIRAS |
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SELTIMAR |
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PAYMENT HISTORY: |
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5 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 152.011,00 |
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AMOUNT OF INVOICES PAID: 34 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 15.048,00 |
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. 62.36 |
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1 |
Rs. 91.60 |
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Euro |
1 |
Rs. 66.48 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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Report Prepared by
: |
DPT |
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 |
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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.