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Report No. : |
329926 |
|
Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEP INDUSTRIA E COMERCIO LTDA |
|
|
|
|
Registered Office : |
Rua Raul Saddi,88 – Butantã, 05503-010 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
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Date of Incorporation : |
23.03.1957 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Manufacture of Textiles |
|
|
|
|
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 : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Exist |
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 |
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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. 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 |
GEP INDUSTRIA E
COMERCIO LTDA
ADDRESSES:
|
|
MAIN ADDRESS: |
RUA RAUL SADDI,88 - BUTANTÃ |
|
ZIP CODE/CITY: |
05503-010 - SÃO PAULO/SP |
|
|
|
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PHONE: |
11 3038-0210 |
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FAX: |
11 3038-0370 |
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E-MAIL: |
emanuel.santos@gep.com.br |
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WEB SITE: |
www.gep.com.br |
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BRANCHES: |
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|
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ADDRESS: |
AV. LUIZ EDUARDO TOLEDO PRADO,900 LOJA 2055PI - VILA DO GOLF |
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ZIP CODE/CITY: |
14027-250 RIBEIRAO PRETO/SP |
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|
|
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ADDRESS: |
AV INDUSTRIAL,600 LJ. 042 - JARDINS |
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ZIP CODE/CITY: |
09080-500 SANTO ANDRÉ/SP |
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CNPJ: |
61.075.594/0006-07 |
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|
|
|
ADDRESS: |
AV. IBIRAPUERA,3103 SUC, 8º PISO CAMPO BELO - MOEMA |
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ZIP CODE/CITY: |
SÃO PAULO/SP |
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CNPJ: |
61.075.594/0018-32 |
|
|
|
|
ADDRESS: |
RUA FREI CANECA,569 LOJAS 213 A 219 - 1º PAVIMENTO |
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ZIP CODE/CITY: |
SÃO PAULO/SP |
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CNPJ: |
61.075.594/0034-52 |
|
|
|
|
ADDRESS: |
RUA SAMUEL MEIRA BRASIL,394 SERRA PQ LOGÍSTICO CONJUNTO B - TAQUARA II
|
|
ZIP CODE/CITY: |
29167-650 SERRA/ES |
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PHONE: |
27 3028-2514 |
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CNPJ: |
610.755.940-08 |
|
|
|
|
ADDRESS: |
RUA MABEL S/Nº, ESQUINA RUA ADAR - DISTRITO INDUSTRIAL,0 |
|
ZIP CODE/CITY: |
TRÊS LAGOAS/MG |
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PHONE: |
67 3522-5535 |
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FURTHER TO THE ABOVE THE COMPANY ALSO HAS 96 BRANCHES. |
LEGAL
DATA:
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
23/03/1957 |
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REGISTER DATE: |
23/03/1957 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
61.075.594/0001-94 |
|
STATE REGISTER: |
103.771.904.113 |
|
|
|
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SHARE CAPITAL: |
R$ 62.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
02/07/2009 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
NELSON VOLPATO |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
BLUE BIRD PARTICIPAÇÕES LTDA |
R$ 61.999.990,00 |
|
NELSON VOLPATO |
R$ 10,00 |
|
AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE
THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
OBRIGADO DESIGN E PROPAGANDA LTDA |
|
|
PAIXÃO POR MARCAS LICENCIAMENTO LTDA |
|
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TUDO BEM TUDO BOM COMERCIO LTDA |
|
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FUTURE COMPANY TENDENCIA E CONSULTORIA DE VAREJO LTDA |
|
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BLUE SAVANA ASSESSORIA FINANCEIRA LTDA - ME |
|
|
88 PARTICIPACOES LTDA |
|
|
MAR A VISTA EMPREENDIMENTOS PARTICIPACOES LTDA |
|
|
OASIS EMPREENDIMENTOS E PARTICIPACOES LTDA |
|
COMPANY'S
BACKGROUND:
|
|
THE SUBJECT WAS ESTABLISHED ON DECEMBER 29, 1964 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. PREVIOUS LEGAL NAME: GEP GRUPO EMPRESARIAL PASMANIK S/A CORI IND E COMERCIO DE MODAS S/A PASMANIK & IRMÃOS S/A IND E COM ON DECEMBER 2, 1992 IT MODIFIED THE CORPORATE NAME TO THE CURRENT ONE. PARTNERS: BLUE BIRD PARTICIPAÇÕES LTDA: HEADQUARTERED AT RUA RAUL SADDI, 88,
SALA 12, BUTANTÃ, ZIP CODE 05503-010, SÃO PAULO/SP, REGISTERED AT THE STATE OF
SÃO PAULO NOTARY OFFICE UNDER NIRE 35.300.417.127, TAXPAYER'S REGISTRATION
UNDER CNPJ 00.959.458/0001-72, REPRESENTED BY ITS ATTORNEY, MR. NELSON
VOLPATO; NELSON VOLPATO: BRAZILIAN, HOLDER OF DOCUMENTS CPF 300.650.118-72 AND
RG 3.907.126, RESIDENTIAL ADDRESS AT RUA JOÃO DELLA MANNA, 70, ROLINÓPOLIS,
ZIP CODE 05535-010, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. EMENUAL - 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. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
1 PROTEST,TOTAL AMOUNT R$ 53,50 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTORIO DE CONTABEM/MG |
06/2015 |
R$ 53,50 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
3 |
MUNICIPAL LAWSUITS |
28/11/14 |
VARA DE SP-CAMPOS DO JORDÃO |
|
9 |
STATE LAWSUITS |
10/05/15 |
VARA DE DF-BRASÍLIA |
|
2 |
EVICTION SUITS |
21/05/15 |
34ª VARA DE MG-BELO HORIZONTE |
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. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,10 |
- OFFICIAL RATE ON 30/06/2015 |
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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: |
OWNED PREMISES ARE VALUED AT R$
196.356,49
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
248.372,80
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 3.478.939,47
INSURANCE:
|
|
INSURANCE COMPANY: |
PORTO SEGURO - CIA DE SEGUROS
GERAIS |
|
COVERAGE: |
FIRE, CIVIL LIABILITY AND OTHERS |
|
EXPIRATION: |
14/09/2014 |
|
VALUE: |
R$ 44.650.000,00 |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
JARDINS / 11 2845-8375 |
SÃO PAULO/SP |
|
BANCO ITAÚ BBA S/A |
FARIA LIMA / 11 3708-8584 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
FARIA LIMA / 11 2178-6264 |
SÃO PAULO/SP |
|
HSBC BANK BRASIL S/A |
FARIA LIMA / 11 3847-5506 |
SÃO PAULO/SP |
|
BANCO REAL (SANTANDER) |
PAULISTA / 11 3174-2827 |
SÃO PAULO/SP |
|
BANCO BANRISUL S/A |
AV CIDADE JARDIM / 11 2532-2272 |
SÃO PAULO/SP |
|
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"). RESEARCH DATE: JUNE 30, 2015. |
ACTIVITIES
COMMENTS:
|
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF TEXTILES. RETAIL SALE OF WEARING APPAREL IN GENERAL, AS WELL AS PERFUMERY,
COSMETICS, GLASSES, WATCHES AND OTHER GIFT ARTICLES IN GENERAL. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA, URUGUAY, ITALY AND INDIA. |
EXPORTS TO:
|
UNTIED STATES. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
CITY: |
PHONE: |
|
CRITINES MAGAZINE LTDA |
SANTO ANDRE/SP |
11 4992-6383 |
|
LORED COM ARTIGOS VESTUARIO LTDA |
ARAÇATUBA/SP |
18 9736-2863 |
|
MULHER ATIVA COM E CONFECÇÕES LTDA |
VITOIRA/ES |
27 3345-4143 |
|
POMPEO E ROCHA LTDA |
BELÉM/PA |
91 3241-0330 |
|
SAMIRA BITTAR M. MATTOS & CIA LTDA |
FRANCA/SP |
16 3723-1057 |
|
STAFF: |
|
|
|
NOT AVAILABLE |
CONCEPT
AND FULFILMENT:
|
|
THE SUBJECT IS AN OLD-ESTABLISHED FIRM. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOR. 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. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. USUALLY
THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE SUBJECT
SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL SUITS
REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE FOR
PUBLIC INSPECTION. THE PROTEST IS IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
CITY: |
PHONE: |
|
COMPANHIA INDUSTRIAL CATAGUASES |
CATAGUASES/MG |
32 3421-1382 |
|
SANTA CONSTÂNCIA TECELAGEM S/A |
SÃO PAULO/SP |
11 6982-7853 |
|
VICUNHA S/A |
SÃO PAULO/SP |
11 6099-1409 |
|
VILLA CONFECÇÕES |
BLUMENAU/SC |
47 3144-1414 |
|
WERNER FÁBRICA DE TECIDOS LTDA |
PETROPOLIS/RJ |
24 2237-7152 |
|
PAYMENT HISTORY: |
|
19 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 3.543.367,00 |
|
|
|
AMOUNT OF INVOICES PAID: 738 |
|
TOTAL OF PROMPT PAYMENTS: 98,6% |
|
TOTAL OF DELAYED PAYMENTS: 1,4% |
|
|
|
HIGHEST INVOICE: R$ 67.252,00 |
|
HIGHEST CREDIT: R$ 67.252,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 90 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
73 |
R$ 58.645,00 |
|
DUE WITHIN 60 DAYS |
2 |
69 |
R$ 50.948,00 |
|
DUE WITHIN 90 DAYS |
2 |
4 |
R$ 7.697,00 |
FINAL
OPINION:
|
|
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.63.57 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.