|
Report No. : |
354806 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CZM INDÚSTRIA DE EQUIPAMENTOS S/A |
|
|
|
|
Registered Office : |
Via Socrates Mariani Bitencourt, 364 – Cinco, 32010-010 - Contagem/MG |
|
|
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Country : |
Brazil |
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|
|
Financials (as on) : |
31.12.2014 |
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|
|
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Date of Incorporation : |
30.09.2005 |
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|
|
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Legal Form : |
Privately Held Corporation |
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|
|
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Line of Business : |
Industry of Foundation Equipment. |
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|
|
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No. of Employees : |
70 |
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 |
|
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|
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Payment Behaviour : |
No Complaints |
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|
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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 |
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Very High |
C1 |
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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 |
CZM INDÚSTRIA DE EQUIPAMENTOS S/A
|
MAIN ADDRESS: |
VIA SOCRATES MARIANI BITENCOURT, 364 – CINCO, |
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ZIP CODE/CITY: |
32010-010 - CONTAGEM/MG |
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PHONE: |
31 2111-6200 |
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FAX: |
31 2111-6202 |
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E-MAIL: |
michelle.almeida@czm.com.br |
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WEB SITE: |
www.czm.com.br |
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BRANCHES: |
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NOT AVAILABLE |
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MAIN ACTIVITIES: |
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INDUSTRY OF FOUNDATION EQUIPMENT. |
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LEGAL FORM: |
PRIVATELY HELD CORPORATION |
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INCORPORATION DATE: |
30/09/2005 |
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REGISTER DATE: |
30/09/2005 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
07.818.165/0001-14 |
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STATE REGISTER: |
001002597.00-20 |
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|
|
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SHARE CAPITAL: |
R$ 10.000.000,00 |
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LAST REGISTER OF CAPITAL: |
14/08/2015 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
MARCOS EUGENIO TEIXEIRA CLO |
DIRECTOR |
|
DALVIO EMILIO TEIXEIRA CLO |
DIRECTOR |
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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HCC EMPREENDIMENTOS E PARTICIPACOES LTDA |
50% |
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MCPAR EMPREENDIMENTOS E PARTICIPACOES LTDA |
50% |
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AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 30, 2005 AS CZM INDÚSTRIA DE EQUIPAMENTOS
LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ALTERED TO ABOVE-MENTIONED NAME AND UP TO
DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "CZM". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. MICHELLE ALMEIDA -
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. |
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PUBLIC INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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GENERAL BALANCE SHEETS AS OF 31/12/2014. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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|
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CURRENT: |
31/12/2014 |
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|
|
|
|
|
|
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CASH AND BANKS |
4.226.524,00 |
|
|
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INVESTMENTS |
6.398.097,00 |
|
|
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CLIENTS |
12.439.031,00 |
|
|
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FOREIGN CLIENTS |
2.297.681,00 |
|
|
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ADVANCE TO SUPPLIERS |
2.051.108,00 |
|
|
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ADVANCE TO EMPLOYEES |
70.566,00 |
|
|
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RECOVERABLE TAXES |
1.235.853,00 |
|
|
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INVENTORY |
8.503.414,00 |
|
|
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PRE PAID EXPENSES |
88.624,00 |
|
|
|
|
---------------- |
|
|
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TOTAL CURRENT ASSETS |
37.310.898,00 |
|
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
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OTHER CREDITS |
3.327.653,00 |
|
|
|
|
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
3.327.653,00 |
|
|
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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INVESTMENTS |
3.440.000,00 |
|
|
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FIXED ASSETS |
3.758.549,00 |
|
|
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INTANGIBLE |
1.536.071,00 |
|
|
|
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---------------- |
|
|
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TOTAL FIXED ASSETS |
8.734.620,00 |
|
|
|
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================ |
|
|
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TOTAL ASSETS |
49.373.171,00 |
|
|
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LIABILITIES: |
|
|
|
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CURRENT: |
31/12/2014 |
|
|
|
|
|
|
|
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SUPPLIERS |
3.365.026,00 |
|
|
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FOREIGN SUPPLIERS |
975.203,00 |
|
|
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LOANS AND FINANCING |
7.150.453,00 |
|
|
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ADVANCE FROM CLIENTS |
3.975.563,00 |
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|
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TRIBUTARY OBLIGATIONS |
2.324.659,00 |
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|
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SOCIAL / LABOR OBLIGATIONS |
837.496,00 |
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|
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SALES FOR FUTURE DELIVERY |
650.000,00 |
|
|
|
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---------------- |
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TOTAL CURRENT LIABILITIES |
19.278.400,00 |
|
|
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LONG TERM
LIABILITIES: |
|
|
|
|
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|
|
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LOANS AND FINANCING |
11.171.781,00 |
|
|
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TRIBUTARY OBLIGATIONS |
480.027,00 |
|
|
|
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---------------- |
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TOTAL LONG TERM LIABILITIES |
11.651.808,00 |
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NET EQUITY: |
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|
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SHARE CAPITAL |
8.000.000,00 |
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ACCRUED PROFIT (LOSS) |
10.858.318,00 |
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PROFIT (LOSS) OF PERIOD |
334.293,00 |
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OTHER COMPREHENSIVE INCOME |
-749.648,00 |
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|
|
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---------------- |
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TOTAL NET EQUITY |
18.442.963,00 |
|
|
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|
================ |
|
|
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TOTAL LIABILITIES |
49.373.171,00 |
|
|
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014. |
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( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
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|
|
|
|
|
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GROSS SALES |
58.048.097,00 |
|
|
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(-) TAXES ON SALES |
9.471.433,00 |
|
|
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---------------- |
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NET SALES |
48.576.664,00 |
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(-) COST OF SOLD GOODS |
29.309.053,00 |
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---------------- |
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GROSS PROFIT |
19.267.611,00 |
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OPERATING REVENUE (EXPENSE) |
-15.641.313,00 |
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FINANCIAL REVENUE(EXPENSE) |
-3.141.487,00 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
484.811,00 |
|
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CONTRIBUTION/INCOME TAX |
-150.518,00 |
|
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---------------- |
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NET PROFIT (LOSS) |
334.293,00 |
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RATIOS: |
31/12/2014 |
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QUICK RATIO |
1,49 |
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CURRENT RATIO |
1,94 |
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ACCOUNTS RECEIVABLE TURNOVER |
3,91 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
92,19 |
DAYS |
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INVENTORY TURNOVER |
3,45 |
TIMES |
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|
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ACCOUNTS PAYABLE PERIOD |
41,33 |
DAYS |
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|
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RETURN ON ASSETS |
,98 |
TIMES |
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|
|
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SALES TURNOVER ON NET EQUITY |
2,63 |
TIMES |
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NET WORTH TIE-UP |
,20 |
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INDEBTEDNESS |
1,68 |
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|
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EQUITY RATIO |
37,35 |
% |
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|
|
|
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WORKING CAPITAL RATIO |
93,54 |
% |
|
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|
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GENERAL SOLVENCY |
1,60 |
|
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|
|
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RETURN ON NET EQUITY |
1,81 |
% |
|
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|
|
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RETURN ON SALES (PROFIT MARGIN) |
,69 |
% |
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|
|
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GROSS PROFIT MARGIN |
39,66 |
% |
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OPERATIONAL RESULT |
1,00 |
% |
|
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SALES TURNOVER ON LIABILITIES |
2,52 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,85 |
- OFFICIAL RATE ON 11/12/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND
POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS PROFITABILITY. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE |
|
NOT AVAILABLE |
|
|
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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"). |
|
INDUSTRY OF FOUNDATION EQUIPMENT. YOUR LINE HAS TWENTY-TWO PRODUCTS, RANGING FROM THE PORTABLE MODELS MOUNTED
ON TRUCKS, MINI-CRAWLERS, EXCAVATORS AND CRANES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
EXPORTS MACHINES TO OVER 30 COUNTRIES WORLDWIDE. |
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MAIN CLIENTS: |
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
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|
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STAFF: |
|
|
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THE COMPANY HAS: 70 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2005. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. IT IS A FAMILY-RUN
COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE REPUTATION
AMONG LOCAL TRADE SOURCES. 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. |
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MAIN SUPPLIERS: |
|
|
|
|
|
|
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DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE |
|
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PAYMENT HISTORY: |
|
9 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.009.938,00 |
|
|
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AMOUNT OF INVOICES PAID: 460 |
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TOTAL OF PROMPT PAYMENTS: 73,5% |
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TOTAL OF DELAYED PAYMENTS: 26,5% |
|
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HIGHEST INVOICE: R$ 34.955,00 |
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HIGHEST CREDIT: R$ 135.826,00 |
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
|
1 |
Rs.16.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NIT |
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.