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Report No. : |
353525 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANDRADE STONE EXPORTACAO E IMPORTACAO LTDA
|
|
|
|
|
Registered Office : |
Rua Comendador Roberto Ugolini, S/N Lote 01 - Civit I, 29168-022 -
Serra/Es |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
19.09.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade, Import and Export of Marble. |
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No. of Employees : |
Not Available |
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 : |
Recent Commence Operations |
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Payment Behaviour : |
Slow |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
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. 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. 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. 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.
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 reelection 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 |
ANDRADE
STONE EXPORTACAO E IMPORTACAO LTDA
ADDRESSES:
|
|
MAIN ADDRESS: |
RUA COMENDADOR ROBERTO UGOLINI, S/N LOTE 01 - CIVIT I |
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ZIP CODE/CITY: |
29168-022 - SERRA/ES |
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|
|
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PHONE: |
27 2124-1244 |
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E-MAIL: |
contabil@andradesa.com.br |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL
DATA:
|
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MAIN ACTIVITIES: |
|
TRADE, IMPORT AND EXPORT OF MARBLE. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
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INCORPORATION DATE: |
19/09/2002 |
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REGISTER DATE: |
24/09/2002 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
05.320.177/0001-99 |
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STATE REGISTER: |
082.192.93-6 |
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SHARE CAPITAL: |
R$ 600.000,00 |
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LAST REGISTER OF CAPITAL: |
04/08/2014 |
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BOARD OF
DIRECTORS: |
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|
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ZELTO DE ANDRADE |
MANAGING PARTNER |
|
CELIO DE ANDRADE |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CELIO DE ANDRADE |
R$ 400.000,00 |
|
ZELTO DE ANDRADE |
R$ 200.000,00 |
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AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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METALURGICA ANDRADE LTDA - ME |
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ANDRADE MELHORAMENTOS IMOBILIARIOS LTDA |
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TODOS OS ANJOS MINERACAO LTDA |
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GRANOVA - GRANITOS E MARMORES DO BRASIL LTDA |
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LUCK STONE MINERACAO LTDA - ME |
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ANDRADE INCORPORADORA LTDA |
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ANDRADE INDUSTRIA E MINERACAO LTDA |
|
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ANDRADE-MINAS GRANITOS LTDA |
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ANDRADE S/A MARMORES E GRANITOS |
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GRANITO IMPERIALE MINERARIA LTDA - ME |
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COMPANY'S
BACKGROUND:
|
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 19, 2002 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. THE COMPANY STARTED ITS OPERATIONS IN 2015 AND UP TO DATE
IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. TRADING STYLE: ANDRADE STONE COMPANY FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION:
|
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GENERAL BALANCE SHEETS AS OF 31/12/2014 AND 31/12/2013. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
|
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CURRENT: |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
|
CASH |
383,07 |
383,07 |
|
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CLIENTS |
155.451,72 |
|
|
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RECOVERABLE TAXES |
|
60.083,77 |
|
|
|
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
155.834,79 |
60.466,84 |
|
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
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INTERCOMPANY CREDITS |
986.491,40 |
986.491,40 |
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|
|
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
986.491,40 |
986.491,40 |
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FIXED ASSETS: |
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FIXED ASSETS |
64.723,82 |
220.175,54 |
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DEPRECIATIONS |
-45.245,56 |
-44.083,12 |
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|
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
19.478,26 |
176.092,42 |
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================ |
================ |
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TOTAL ASSETS |
1.161.804,45 |
1.223.050,66 |
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LONG TERM
LIABILITIES: |
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|
|
|
|
|
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INTERCOMPANY DEBTS |
149.847,48 |
148.183,59 |
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|
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---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
149.847,48 |
148.183,59 |
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NET EQUITY: |
|
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|
|
|
|
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|
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SHARE CAPITAL |
600.000,00 |
600.000,00 |
|
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UNPAID CAPITAL |
-113.185,42 |
-113.185,42 |
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PROFIT RESERVES |
613.774,18 |
613.774,18 |
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ACCRUED PROFIT (LOSS) |
-25.721,69 |
-22.726,21 |
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PROFIT (LOSS) OF PERIOD |
-62.910,10 |
-2.995,48 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
1.011.956,97 |
1.074.867,07 |
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================ |
================ |
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TOTAL LIABILITIES |
1.161.804,45 |
1.223.050,66 |
|
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014 AND 31/12/2013. |
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( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
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OPERATING REVENUE (EXPENSE) |
-62.910,10 |
-2.995,48 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
-62.910,10 |
-2.995,48 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
-62.910,10 |
-2.995,48 |
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MONTHLY SALES |
|||
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2015 |
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--------------------- |
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JANUARY |
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FEBRUARY |
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MARCH |
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APRIL |
R$ 2.092.060,78 |
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MAY |
R$ 6.183.063,73 |
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JUNE |
R$ 5.790.020,29 |
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JULY |
R$ 5.154.463,57 |
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AUGUST |
R$ 5.714.214,54 |
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SEPTEMBER |
R$ 5.884.442,04 |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 30.818.264,95 |
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RATIOS: |
31/12/2014 |
31/12/2013 |
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QUICK RATIO |
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CURRENT RATIO |
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ACCOUNTS RECEIVABLE TURNOVER |
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DAYS' SALES IN RECEIVABLES |
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INVENTORY TURNOVER |
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ACCOUNTS PAYABLE PERIOD |
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RETURN ON ASSETS |
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SALES TURNOVER ON NET EQUITY |
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NET WORTH TIE-UP |
,06 |
|
,20 |
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INDEBTEDNESS |
,15 |
|
,14 |
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EQUITY RATIO |
87,10 |
% |
87,88 |
% |
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WORKING CAPITAL RATIO |
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GENERAL SOLVENCY |
7,75 |
|
8,25 |
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RETURN ON NET EQUITY |
-6,22 |
% |
-,28 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
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GROSS PROFIT MARGIN |
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OPERATIONAL RESULT |
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SALES TURNOVER ON LIABILITIES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
|
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US$ 1,00 = R$ 3,75 |
- OFFICIAL RATE ON 04/12/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. ALL THAT CAN BE COMMENTED IS THAT DESPITE THE NEGATIVE RESULT, THE
COMPANY HAS GOOD LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND
VERY LOW LEVEL OF INDEBTEDNESS. THE COMPANY STARTED ITS OPERATIONS IN 2015 AND IT ALREADY SHOWS HIGH
SCALE OF ACTIVITIES. |
|
REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE:
|
|
NOT AVAILABLE. |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
3511-4 |
27 3232-7500 |
|
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:
|
|
TRADE, IMPORT AND EXPORT OF MARBLE. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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|
|
|
|
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DOMESTIC CLIENTS: |
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PHONE: |
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ANDRADE INDUSTRIA E MINERACAO LTDA |
|
27 2124-1230 |
|
ANDRADE MINAS GRANITOS LTDA |
|
35 3833-1443 |
|
ANDRADE S/A MARMORES E GRANITOS |
|
27 2124-1220 |
|
STAFF: |
|
|
|
NOT AVAILABLE |
CONCEPT
AND FULFILMENT:
|
|
THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY,
OPERATING SINCE 2015. SO FAR IT HAS A CLEAR TRADE HISTORY BUT ITS PAYMENT
BEHAVIOUR AND ITS REPUTATION ARE STILL UNKNOWN FOR THE LOCAL SOURCES
CONSULTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A
USER OF CREDIT FACILITIES. |
|
PAYMENT HISTORY: |
|
NO RELEVANT PAYMENT HISTORY WAS REGISTERED IN THE LATEST 12 MONTHS. |
FINAL
OPINION:
|
|
BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE
RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN TERMS
AND AMOUNTS ADEQUATE TO THE COMPANY’S FINANCIAL STRENGTH. DESPITE THE ABSENCE OF FURTHER FINANCIAL DATA A CREDIT LIMIT OF USD
50.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
BRL |
1 |
Rs.17.53 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.