MIRA INFORM REPORT

 

 

Report No. :

353764

Report Date :

16.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ROVITEX INDÚSTRIA E COMÉRCIO DE MALHAS LTDA

 

 

Registered Office :

Avenida Maria Marangoni, 391 - Dom Bosco, 89115-000 - Luiz Alves/Sc

 

 

Country :

Brazil

 

 

Date of Incorporation :

09.01.1986

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Manufacture of textiles

 

 

No. of Employee :

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 :

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 – 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. 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

Company name

 

ROVITEX INDÚSTRIA E COMÉRCIO DE MALHAS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA MARIA MARANGONI, 391 - DOM BOSCO

ZIP CODE/CITY:

89115-000 - LUIZ ALVES/SC

 

 

PHONE:

47 3377-8000

FAX:

47 3377-8064/8013

E-MAIL:

adilson.moretti@rovitex.com.br

WEB SITE:

www.rovitex.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA EDUARDO WILL, 439 - SÃO JOÃO

ZIP CODE/CITY:

88420-000 AGROLANDIA/SC

PHONE:

47 3534-0342

FAX:

47 3534-0342

CNPJ:

79.233.672/0006-01

STATE REGISTER:

255.233.477

 

 

ADDRESS:

RUA CARLOS THIESEN, 715 - GABIROBA

ZIP CODE/CITY:

88400-000 ITUPORANGA/SC

PHONE:

47 3533-4081

FAX:

47 3533-4081

CNPJ:

79.233.672/0005-20

STATE REGISTER:

254.513.336

 

 

ADDRESS:

RUA CATARINA COELHO, 20 - PROGRESSO

ZIP CODE/CITY:

89026-255 BLUMENAU/SC

PHONE:

47 3324-0666

FAX:

47 3324-0666

CNPJ:

79.233.672/0003-69

STATE REGISTER:

251.278.328

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF TEXTILES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

09/01/1986

REGISTER DATE:

21/01/1986

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

79.233.672/0001-05

STATE REGISTER:

252.199.782

 

 

SHARE CAPITAL:

R$ 27.250.000,00

 

BOARD OF DIRECTORS:

 

 

 

DAYANA NICOLLE RAMBO

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

VITOR LUIZ RAMBO

88,50%

ROSELENE STRITHORST RAMBO

10,00%

CARLOS HENRIQUE STRITHORST RAMBO

0,50%

DAYANA NICOLLE RAMBO

0,50%

VITOR LUIZ RAMBO JUNIOR

0,50%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

DACAVI ADMINISTRADOR DE BENS LTDA

 

R.V. INCORPORAÇÕES E EMPREEND. IMOBILIARIOS LTDA

 

INCOFIOS INDUSTRIA DE FIOS E MALHAS LTDA

 

ROVI LOJA DE DEPARTAMENTOS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JANUARY 09, 1986 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

TRADE NAME: "ROVITEX".

 

PARTNERS:

 

VITOR LUIZ RAMBO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 3/R 2.961.608 SSP-SC, CPF 169.361.759-53, RESIDENTIAL ADDRESS AT, RUA LAURO MUELLER 527, 9 ANDAR, BLUMENAU/SC.

 

ROSELENE STRITHORST RAMBO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 1.723.178-7 SSP-SC, CPF 258.714.719-00, RESIDENTIAL ADDRESS AT, RUA LAURO MUELLER 527, 9 ANDAR, BLUMENAU/SC.

 

CARLOS HENRIQUE STRITHORST RAMBO: BRAZILIAN, HOLDER OF DOCUMENTS, RG 3.508.049-3 SSP-SC, CPF 889.804.139-04, RESIDENTIAL ADDRESS AT, RUA LAURO MUELLER 527, 9 ANDAR, BLUMENAU/SC.

 

DAYANA NICOLLE RAMBO: BRAZILIAN, HOLDER OF DOCUMENTS, RG 3/C 3.508.053 SSP-SC, CPF 007.549.709-30, RESIDENTIAL ADDRESS AT, RUA LAURO MUELLER 527, 9 ANDAR, BLUMENAU/SC.

 

VITOR LUIZ RAMBO JUNIOR: BRAZILIAN, HOLDER OF DOCUMENTS, RG 3/C 3.508.054 SSP-SC, CPF 030.958.269-58, RESIDENTIAL ADDRESS AT, RUA LAURO MUELLER 527, 9 ANDAR, BLUMENAU/SC.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. TAIMARA, 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.

 

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$ 3,75

 - OFFICIAL RATE ON 04/12/2015

 

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:

 

NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

3420-7

BLUMENAU/SC

BANCO BRADESCO S/A

2035-4

MASSARANDUBA/SC

 

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

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CLOTHING ARTICLES IN GENERAL, WITH ITS CORE PRODUCTS BEING MESHES.

 

NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE):

14.12-6-01 - MANUFACTURE OF WEARING APPAREL;

46.42-7-01 - WHOLESALE OF WEARING APPAREL AND ACCESSORIES;

46.43-5-02 - WHOLESALE OF BAGES, LUGGAGE AND TRAVEL ARTICLES;

46.43-5-01 - WHOLESALE OF FOOTWEAR;

46.41-9-01 - WHOLESALE OF FABRICS;

47.82-2-02 - RETAIL SALE OF TRAVEL ARTICLES.

 

IMPORT AND EXPORT:

 

 IMPORTS FROM:

CHINA, GERMANY AND INDONESIA.

 

EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

CARREFOUR COMERCIO E INDUSTRIA LTDA

 

11 6779-6000

DISTRIBUIDORA PROCOPIO LTDA.

 

 

GRIPPON

 

11 6692-5739

LOJAS AMERICANAS S/A

 

 

MAGAZINE PELICANO LTDA.

 

 

MARISA

 

11 3660-6060

MEGAVEST IND. E COM. DE ROUPAS LTDA.

 

 

SONAE DISTRIBUIÇÃO BRASIL S/A

 

51 3349-4416

 

STAFF:

 

   NOT AVAILABLE

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1986. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AGRICOPEL

 

47 3372-8888

CLARIANT S/A

 

24 3358-5500

COOPERATIVA MATO GROSSO

 

 

IPCT - IND. PARANAENSE DE TUBOS

 

44 3266-1452

IPIRANGA PETROQUIMICA S/A

 

51 3457-1194

LAMBRA PROD. QUIMICOS AUXILIARES LTDA

NOVA ODESSA/SP

19 3466-9500

QUIMISA S/A INDÚSTRIA QUÍMICA

BRUSQUE/SC

47 3251-1010

RIGESA PAPEL E CELULOSE

BLUMENAU/SC

47 3221-5309

ROBERT DANIEL

SÃO PAULO/SP

11 3287-7162

SACOPLÁS LTDA

 

47 3281-8181

SANCRIS LINHAS E FIOS LTDA

BRUSQUE/SC

47 3351-2222

SERVIPLÁS

 

47 3387-6262

STARPACK EMBALAGENS LTDA

 

15 3363-5170

TRUTZSCHLER IND. E COM. DE MÁQUINAS LTDA

CURITIBA/PR

41 3316-1200

 

PAYMENT HISTORY:

 

26 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 733.168,00

 

AMOUNT OF INVOICES PAID: 485

TOTAL OF PROMPT PAYMENTS: 98%

TOTAL OF DELAYED PAYMENTS: 2%

 

HIGHEST INVOICE: R$ 28.750,00

HIGHEST CREDIT: R$ 28.750,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

13

R$ 5.273,45

DUE WITHIN 60 DAYS

1

1

R$ 300,50

ALL

3

14

R$ 5.573,95

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

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.67.04

UK Pound

1

Rs.101.67

Euro

1

Rs.73.93

BRL

1

Rs. 17.11

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 

 

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.