|
Report No. : |
338289 |
|
Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AÇO CEARENSE INDUSTRIAL LTDA |
|
|
|
|
Registered Office : |
Rodovia Antiga Br 222, S/Nº, KM,19 – Genipabú, 61616-000 - Caucaia/CE |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
13.11.1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in
the Casting Iron and Steel. |
|
|
|
|
No. of Employees : |
2423 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Since 2008, Brazil became a net
external creditor and all three of the major 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. After reaching historic lows of 4.5% in early 2014, the unemployment
rate remains low, but is rising. Brazil's traditionally high level of income
inequality has declined for each of the last 15 years. GDP growth has slowed
since 2011, due to several factors, including: overdependence on exports of raw
commodities, low productivity, high operational costs, persistently high
inflation, and low levels of investment. Brazil’s fiscal and current account
balances have eroded during the past four years as the government attempted to boost
economic growth through targeted tax cuts for industry and incentives to spur
household consumption. After winning re-election in October 2014 by a
historically narrow margin, President Dilma ROUSSEFF appointed a new economic
team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity
package intended to restore the primary account surplus to 1.2% of GDP and
preserve the country’s investment-grade sovereign credit rating. Brazil seeks
to strengthen its workforce and its economy over the long run by imposing local
content and technology transfer requirements on foreign businesses, by
investing in education through social programs such as Bolsa Familia and the
Brazil Science Mobility Program, and by investing in research in the areas of space,
nanotechnology, healthcare, and energy.
|
Source
: CIA |
AÇO CEARENSE
INDUSTRIAL LTDA
|
MAIN ADDRESS: |
RODOVIA ANTIGA BR 222, S/Nº, KM,19 - GENIPABÚ |
|
ZIP CODE/CITY: |
61616-000 - CAUCAIA/CE |
|
|
|
|
PHONE: |
85 4011-2173 |
|
E-MAIL: |
claudio@acocearense.com.br |
|
WEB SITE: |
www.acocearense.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA ANTONIO POMPEU,1900 - OTAVIO BONFIM |
|
ZIP CODE/CITY: |
60040-001 FORTALEZA/CE |
|
PHONE: |
85 4011-1333 |
|
FAX: |
85 4011-1333 |
|
|
|
|
ADDRESS: |
RODOVIA BR 222 - S/Nº. - KM,21 |
|
ZIP CODE/CITY: |
61600-000 CAUCAIA/CE |
|
MAIN ACTIVITIES: |
|
CASTING IRON AND STEEL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
13/11/1996 |
|
REGISTER DATE: |
09/01/1996 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
00.990.842/0001-38 |
|
STATE REGISTER: |
06.965086-1 |
|
|
|
|
SHARE CAPITAL: |
R$
223.640.000,00 |
|
LAST REGISTER OF CAPITAL: |
29/12/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARIA ROSEMEIRE MATOS FERREIRA |
MANAGER |
|
WANDER JEAN MATOS FERREIRA |
MANAGER |
|
ROSE ALINE MATOS FERREIRA DE FREITAS GUIMARÃES |
MANAGER |
|
JOSE VILMAR FERREIRA |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
WMA PARTICIPAÇÕES S/A |
R$
223.617.635,28 |
|
JOSE VILMAR FERREIRA |
R$ 22.364,72 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE
SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
SIMARA PARTICIPACOES E EMPREENDIMENTOS LTDA |
|
|
SIDERURGICA NORTE BRASIL S.A. |
|
|
SINOBRAS FLORESTAL LTDA. |
|
|
INSTITUTO ACO CEARENSE |
|
|
W STEEL INDUSTRIA E COMERCIO LTDA |
|
|
W STEEL SERVICOS LTDA |
|
|
ACO BOM PRECO COMERCIAL LTDA |
|
|
ACO CEARENSE COMERCIAL LTDA |
|
|
THE SUBJECT WAS ESTABLISHED IN 1996 TO BE ENGAGED IN THE SAID LINE OF BUSINESS
AND SO FAR IT OPERATES WITHIN THE GENERAL SCENE REPORTED HEREIN. SINCE THE INCORPORATION NO IMPORTANT CHANGES IN THE SUBJECT'S
CORPORATE STRUCTURE ARE NOTED. CERTIFICATIONS: NBR 7480 NBR ISO9001:2000 PARTNERS: AÇO CEARENSE COMERCIAL LTDA: REGISTRATION # NIRE 23200279890, CNPJ
07.557.333/0001-65, HEADQUARTERED AT RUA ANTONIO POMPEU, 1900, OTAVIO BONFIM,
ZIP CODE 60040-001, FORTALEZA/CE; JOSÉ VILMAR FERREIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
031.150.543-00, RG 2007.002.056.443 SSP/CE, RESIDENTIAL ADDRESS AT AV. BEIRA
MAR 2020, PATO 2300, ZIP CODE 60165-120, FORTALEZA/CE; MANAGERS: JOSÉ VILMAR FERREIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
031.150.543-00, RG 2007.002.056.443 SSP/CE, RESIDENTIAL ADDRESS AT AV. BEIRA
MAR 2020, PATO 2300, ZIP CODE 60165-120, FORTALEZA/CE; MARIA ROSEMEIRE MATOS FERREIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
272.901.743-72, RG 90.002.015.710 SSP/CE, RESIDENTIAL ADDRESS AT AVENIDA
BEIRA MAR, 3500, APTO. 600, MUCURIPE, ZIP CODE 60125-121, FORTALEZA/CE; WANDER JEAN MATOS FERREIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
734.453.393-68, RG 92.002.32.5626 SSP/CE, RESIDENTIAL ADDRESS AT AVENIDA
BEIRA MAR, 3500, APTO. 600, MUCURIPE, ZIP CODE 60125-121, FORTALEZA/CE; ROSE ALINE MATOS FERREIRA DE FREITAS GUIMARÃES: BRAZILIAN, HOLDER OF
DOCUMENTS CPF 622.484.803-34, RG 93.002.002.027 SSP/CE, RESIDENTIAL ADDRESS
AT AVENIDA BEIRA MAR, 3500, APTO. 600, MUCURIPE, ZIP CODE 60125-121,
FORTALEZA/CE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
116.170 |
152.680 |
17.110 |
|
CLIENTS |
157.290 |
193.151 |
201.881 |
|
RECOVERABLE TAXES |
15.279 |
16.397 |
23.866 |
|
INVENTORY |
399.120 |
379.810 |
305.905 |
|
INVESTMENTS |
32.452 |
43.818 |
87.941 |
|
PRE PAID EXPENSES |
9.206 |
5.815 |
6.061 |
|
OTHER CREDITS |
85.079 |
66.087 |
4 |
|
DERIVATIVES OPERATIONS |
28.616 |
14.670 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
843.212 |
872.428 |
642.768 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
465.495 |
476.017 |
124.191 |
|
DEFERRED TAXES |
66.792 |
74.248 |
74.248 |
|
RECOVERABLE TAXES |
312 |
312 |
582 |
|
JUDICIAL DEPOSITS |
2.396 |
2.250 |
2.199 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
534.995 |
552.827 |
201.220 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
116.796 |
107.571 |
517.559 |
|
FIXED ASSETS |
146.712 |
143.154 |
115.213 |
|
INTANGIBLE |
18.218 |
16.723 |
4.515 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
281.726 |
267.448 |
637.287 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.659.933 |
1.692.703 |
1.481.275 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
120.594 |
224.214 |
234.292 |
|
LOANS AND FINANCING |
704.303 |
472.935 |
240.541 |
|
TAXES & CONTRIBUTIONS |
8.668 |
11.253 |
5.131 |
|
ADVANCE FROM CLIENTS |
14.429 |
7.598 |
3.717 |
|
SUBVENTIONS |
7.816 |
7.930 |
7.658 |
|
OTHER DEBTS |
15.943 |
8.764 |
|
|
DERIVATIVES OPERATIONS |
9.086 |
3.163 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
880.839 |
735.857 |
491.339 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
RELATED COMPANIES |
3 |
74 |
16.246 |
|
LOANS AND FINANCING |
277.056 |
348.150 |
352.304 |
|
TAXES AND CONTRIBUTIONS |
1.251 |
5.718 |
6.821 |
|
SUPPLIERS |
75.541 |
66.623 |
58.868 |
|
PROVISION FOR CONTINGENCIES |
79 |
283 |
650 |
|
OTHER |
8.221 |
15.758 |
17.502 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
362.151 |
436.606 |
452.391 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
223.640 |
223.640 |
223.640 |
|
PROFIT RESERVES |
278.829 |
278.829 |
278.829 |
|
OTHER COMPREHENSIVE INCOME |
10.178 |
30.604 |
35.076 |
|
ACCRUED PROFIT (LOSS) |
-95.704 |
-12.832 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
416.943 |
520.241 |
537.545 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.659.933 |
1.692.704 |
1.481.275 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
NET SALES |
1.131.877 |
1.122.060 |
826.581 |
|
(-) COST OF SOLD GOODS |
894.997 |
889.024 |
705.113 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
236.880 |
233.036 |
121.468 |
|
OPERATING REVENUE (EXPENSE) |
-153.885 |
-66.385 |
12.764 |
|
FINANCIAL REVENUE(EXPENSE) |
-187.108 |
-172.243 |
-108.902 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-104.113 |
-5.592 |
25.330 |
|
CONTRIBUTION/INCOME TAX |
|
|
52.189 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-104.113 |
-5.592 |
77.519 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$
114.829.853,82 |
|
|
|
FEBRUARY |
R$ 92.117.445,43 |
|
|
|
MARCH |
R$
121.318.798,43 |
|
|
|
APRIL |
R$
117.532.800,57 |
|
|
|
MAY |
R$
134.093.069,34 |
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
579.891.967,59 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,50 |
|
,67 |
|
,69 |
|
|
CURRENT RATIO |
,96 |
|
1,19 |
|
1,31 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,20 |
TIMES |
5,81 |
TIMES |
4,09 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
50,03 |
DAYS |
61,97 |
DAYS |
87,93 |
DAYS |
|
INVENTORY TURNOVER |
2,24 |
TIMES |
2,34 |
TIMES |
2,31 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
48,51 |
DAYS |
90,79 |
DAYS |
119,62 |
DAYS |
|
RETURN ON ASSETS |
,68 |
TIMES |
,66 |
TIMES |
,56 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,71 |
TIMES |
2,16 |
TIMES |
1,54 |
TIMES |
|
NET WORTH TIE-UP |
,35 |
|
,28 |
|
,21 |
|
|
INDEBTEDNESS |
2,98 |
|
2,25 |
|
1,76 |
|
|
EQUITY RATIO |
25,12 |
% |
30,73 |
% |
36,29 |
% |
|
WORKING CAPITAL RATIO |
-4,27 |
% |
18,56 |
% |
30,82 |
% |
|
GENERAL SOLVENCY |
1,34 |
|
1,44 |
|
1,57 |
|
|
RETURN ON NET EQUITY |
-24,97 |
% |
-1,07 |
% |
14,42 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-9,20 |
% |
-,50 |
% |
9,38 |
% |
|
GROSS PROFIT MARGIN |
20,93 |
% |
20,77 |
% |
14,70 |
% |
|
OPERATIONAL RESULT |
-9,20 |
% |
-,50 |
% |
3,06 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,29 |
TIMES |
1,52 |
TIMES |
1,68 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,48 |
- OFFICIAL RATE ON 21/08/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES SHOWS AN UNFAVORABLE FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS VERY HIGH AND IT HAD LOW CURRENT RATIO. FURTHER, IT SHOWS
DROP IN SALES AND POSTED NEGATIVE RESULTS DUE TO ITS HIGH FINANCIAL EXPENSES. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 8.514.729,93
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 3.055.852,55
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 33.535.067,54
|
THE SUBJECT HOLDS INSURANCE POLICIES FROM BANCO DO BRASIL COVERING A
WIDE RANGE OF ASSETS AND OPERATIONAL RISKS. COVERAGE AMOUNT WAS NOT
DISCLOSED. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO NORDESTE DO BRASIL S/A |
CENTRO |
FORTALEZA/CE |
|
BANCO DO BRASIL S/A |
85 3255-3265 |
FORTALEZA/CE |
|
BIC - BANCO INDUSTRIAL COMERCIAL S/A |
B. MENEZES |
|
|
BANCO BMC S/A |
FORTALEZA |
FORTALEZA/CE |
|
BANCO ITAÚ BBA S/A |
71 3114-1505 |
SALVADOR/BA |
|
BANCO SANTANDER (BRASIL) S/A |
85 3488-2316 |
FORTALEZA/CE |
|
CAIXA ECONÔMICA FEDERAL |
85 3455-6911 |
FORTALEZA/CE |
|
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"). |
|
SUBJECT IS ENGAGED IN
THE CASTING IRON AND STEEL. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ARGENTINA, SWITZERLAND, CHANNEL ISLANDS, NETHERLANDS ANTILLES,
GERMANY, ENGLAND AND HOLLAND. |
EXPORTS TO:
|
NO EXPORT OPERATIONS WERE REPORTED. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
AÇO CAMPINAS LTDA |
CAMPINAS/SP |
11 2101-8200 |
|
AÇO MARANHÃO |
SÃO LUIS/MA |
98 3216-1400 |
|
CANTEIRO DE OBRAS INDÚSTRIA E COMÉRCIO LTDA |
|
|
|
COMERCIAL FERRO NORTE |
|
|
|
CONSTRUTORA ESTRELA LTDA |
|
|
|
CONSTRUTORA MOTA MACHADO LTDA |
|
|
|
FERRAGENS PINHEIRO LTDA |
BRASÍLIA/DF |
61 3354-8181 |
|
INDÚSTRIA E COMÉRCIO DE MÓVEIS TUB & FORM LTDA |
|
|
|
MERCADÃO DO FERRO |
|
|
|
RWN INDÚSTRIA E COMÉRCIO LTDA |
|
|
|
TECNOMECÂNICA ESMALTEC LTDA |
|
|
|
TUBOART INDÚSTRIA E COMÉRCIO LTDA |
|
|
|
UNIMETAS COMÉRCIO LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 2423 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1996. SO FAR
IT OPERATES WITH A HIGH SCALE OF ACTIVITIES, A CLEAR HISTORY AND GOOD
REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
ARCELORMITTAL BRASIL S.A. |
SERRA/ES |
27 3348-1031 |
|
CIA SIDERÚRGICA NACIONAL - CSN |
|
21 3586-1500 |
|
CIA SIDERÚRGICA PAULISTA - COSIPA |
|
11 5070-8808 |
|
DIVIMEC TECNOLOGIA INDUSTRIAL |
|
51 3662-3222 |
|
FORTCOLOR TINTAS VERNIZES LTDA. |
|
|
|
HIDROTINTAS IND. COMERCIO DE TINTAS LTDA. |
|
|
|
HYUNDAI DO BRASIL |
|
11 3033-5784 |
|
OURO PRETO COM. FERRO AÇO LTDA |
|
|
|
TRAMONTINA NORTE S/A. |
|
|
|
TRAMONTINA SUDESTE S/A |
|
|
|
ZIKELI INDÚSTRIA MECÂNICA LTDA |
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47 3367-2255 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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BALLI STEEL PLC |
ENGLAND |
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COUTINHO FERROSTAL GMBH |
GERMANY |
55 11 5667-3339 |
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DUFERCO INVESTMENT SERVICES S/A |
SWITZERLAND |
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DUFERCO S/A |
SWITZERLAND |
55 11 3079-7906 |
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MIDLAND INDUSTRIES LIMITED |
CHANNEL ISLANDS |
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NOVASTEL AG |
SWITZERLAND |
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SIDERAR - S.A.I.C |
ARGENTINA |
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TYSTEN SUDAMERICA N.V |
NETHERLANDS ANTILLES |
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PAYMENT HISTORY: |
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19 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 476.731,00 |
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AMOUNT OF INVOICES PAID: 71 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 77.000,00 |
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HIGHEST CREDIT: R$ 77.000,00 |
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SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
1 |
R$ 386,00 |
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THE SUBJECT HAS BEEN IN BUSINESS SINCE 1996. UP TO DATE IT HAS A CLEAR
HISTORY AND NO PAYMENT PROBLEMS ARE NOTED WHAT SHOWS THAT TRADE RELATIONS
SHOULD BE CONSIDERED. BASED ON THE OVERALL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN
TERMS AND AMOUNTS |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
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1 |
Rs.103.39 |
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Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.