MIRA INFORM REPORT

Report No. :	327053
Report Date :	24.06.2015

IDENTIFICATION DETAILS

Name :	R.V. BRAZIL COMERCIAL IMPORTAÇÃO E EXPORTAÇÃO LTDA.
Registered Office :	Avenida Antonio Carlos Comitre, 501 Sala Comercial 41, Edifício Dallas - Parque Campolim, 18047-620 - Sorocaba/Sp
Country :	Brazil
Date of Incorporation :	04.05.2004
Legal Form :	Limited Liability Company
Line of Business :	Trade of Agricultural Raw Materials.
No. of Employees :	3

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. 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

Company Name

R.V. BRAZIL COMERCIAL IMPORTAÇÃO E EXPORTAÇÃO LTDA.

ADDRESSES

MAIN ADDRESS:	AVENIDA ANTONIO CARLOS COMITRE, 501 SALA COMERCIAL 41, EDIFÍCIO DALLAS - PARQUE CAMPOLIM
ZIP CODE/CITY:	18047-620 - SOROCABA/SP
PHONE:	15 3211-2388
FAX:	15 3211-2388
E-MAIL:	rvbrazil@rvbrazil.com.br
WEB SITE:	www.rvbrazil.com.br

BRANCHES:
ADDRESS:	RUA JOÃO VALENTINO JOEL, 166 - VILA HORTÊNCIA
ZIP CODE/CITY:	18020-286 SOROCABA/SP

LEGAL DATA

MAIN ACTIVITIES:

TRADE OF AGRICULTURAL RAW MATERIALS.

LEGAL FORM:	LIMITED LIABILITY COMPANY
INCORPORATION DATE:	04/05/2004
REGISTER DATE:	04/05/2004
BALANCE SHEET FILING DATE:	31/12
TAX CONTRIBUTOR NUMBER(CNPJ):	06.280.278/0001-46
STATE REGISTER:	669.540.817.118
SHARE CAPITAL:	R$ 1.000.000,00
LAST REGISTER OF CAPITAL:	01/07/2012

BOARD OF DIRECTORS:
GLADIS NEGRETTI BARCHI PERES	MANAGING PARTNER
REINALDO ALEXANDRE NEGRETTI ALVES	MANAGING PARTNER
VALDIR PICCINI PERES	MANAGING PARTNER

AUTHORIZED USE OF SIGNATURE

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

SHAREHOLDERS / PARTNERS:
GLADIS NEGRETTI BARCHI PERES	R$ 350.000,00
REINALDO ALEXANDRE NEGRETTI ALVES	R$ 90.000,00
VALDIR PICCINI PERES	R$ 560.000,00

AFFILIATES / SUBSIDIARIES:

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

STAR SHOW PRODUÇÕES E EVENTOS LTDA

SAC PLAST SUMARÉ EMBALAGENS LTDA

COMPANY'S BACKGROUND

THE SUBJECT WAS ESTABLISHED ON MAY 04, 2004 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

TRADE NAME: "R V BRAZIL"

PARTNERS:

GLADIS NEGRETTI BARCHI PERES: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS RG 17.534.170-9 SSP/SP AND CPF 084.829.888-83, RESIDENTIAL ADDRESS AT AVENIDA FONSO VERGEURIO, 2095, APTO 82, VILA COSTA DIAS, ZIP CODE 18040-000, SOROCABA/SP;

REINALDO ALEXANDRE NEGRETTI ALVES: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF DOCUMENTS RG 33.480.935-6 SSP/SP AND CPF 305.294.188-78, RESIDENTIAL ADDRESS AT AVENIDA FONSO VERGEURIO, 2095, APTO 82, VILA COSTA DIAS, ZIP CODE 18040-000, SOROCABA/SP;

VALDIR PICCINI PERES: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF DOCUMENTS RG 11.309.468-1 SSP/SP AND CPF 005.491.608-92, RESIDENTIAL ADDRESS AT AVENIDA FONSO VERGEURIO, 2095, APTO 82, VILA COSTA DIAS, ZIP CODE 18040-000, SOROCABA/SP.

FURTHER DETAILS ARE SO FAR NOT KNOWN.

PUBLIC INFORMATION:

PROTESTS:

4 PROTESTS,TOTAL AMOUNT R$ 43.884,72

DETAILS OF LATEST PROTESTS:

NOTARY OFFICE:		DATE:	VALUE:
1º CARTÓRIO DE SP-SOROCABA		08/05/2015	R$ 10.971,18
1º CARTÓRIO DE SP-SOROCABA		13/05/2015	R$ 10.971,18
1º CARTÓRIO DE SP-SOROCABA		03/06/2015	R$ 10.971,18
1º CARTÓRIO DE SP-SOROCABA		13/05/2015	R$ 10.971,18
OUTSTADING FINANCIAL DEBTS
	TOTAL VALUE R$ 296.728,54
DATE:	CREDITOR:		VALUE (R$)
28/04/2014	BANCO DO BRASIL S/A		94.142,78
27/04/2014	BANCO DO BRASIL S/A		191.873,02
20/04/2014	BANCO DO BRASIL S/A		10.712,74

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 AS THEY ARE STILL NOT AUTHORIZED TO DO SO.

OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT.

EXCHANGE RATE:
US$ 1,00 = R$ 3,07	- OFFICIAL RATE ON 19/06/2015

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:
BANCO ITAÚ S/A	4522

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"). DATE RESEARCHED: JUNE 19, 2015.

ACTIVITIES COMMENTS

THE SUBJECT IS ENGAGED IN THE TRADE OF AGRICULTURAL RAW MATERIAL.

IMPORT AND EXPORT:

IMPORTS FROM:

INDIA, SPAIN, THE UNITED STATES AND CHINA.

EXPORTS TO:

THE UNITED STATES AND SPAIN. VALUE (ANNUALLY)

MAIN CLIENTS:

DOMESTIC CLIENTS:

BEGULIM EMBALAGENS E RECICLAGEM

BIG BAG DE MINAS LTDA

BIG PLAST DE CAMPINAS COMERCIAL LTDA

CESI COMERCIAL LTDA

EMILIO QUARCHIONE

HEBERT SAUL DE SOUZA

PROPEX DO BRASIL LTDA

USIPREMA IND MECÂNICA LTDA

STAFF:

THE COMPANY HAS: 3 EMPLOYEE(S)

CONCEPT AND FULFILMENT

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2004. SO FAR IT HAS A TRADE HISTORY AFFECTED BY SOME PROTESTED BILLS AND OUTSTANDING DEBTS.

LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT FACILITIES SINCE ITS MAIN SUPPLIERS ARE BELIEVED TO BE ABROAD.

MAIN SUPPLIERS:

DOMESTIC SUPPLIERS:

ALCABRA IND E COM LTDA

CASA BAHIA COMERCIAL LTDA

CIA LIBRA DE NAVEGAÇÃO

CPFL - PIRATININGA FORÇA E LUZ

DESKTOP ON LINE INFORMÁTICA LTDA

DHL EXPRESS BRAZIL LTDA

FAAC LOGÍSTICA INTEGRADA LTDA

FATUMATIC OFFICE SERVICE

GLOBAL LINK ARMAZEM GERAL LTDA

KALUNGA COM IND GRAFICA LTDA

NOVA TEXTIL COM SACARIA E TECIDOS

NUNO FERREIRA CARGAS INTERNACIONAIS

PROFIL IND E COM DE FIOS LTDA

RODOPORTO TRANSPORTES RODOVIÁRIOS LTDA

SUNFLOWER IND LABOR FITOTERÁPICO

TAPETES LOURDES LTDA

TORRES RÁDIO E TELEVISÃO LTDA

USIPREMA IND MECÂNICA LTDA

FOREIGN SUPPLIERS:	COUNTRY:
TEIXEIRA AVIATION	UNITED STATES
TEXTIL VILLA DE PEGO	SPAIN
WORD WIDE FREIGTH	UNITED STATES

PAYMENT HISTORY:

NO PAYMENT RECORD IS REGISTERED.

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 AND GIVEN THE DETRIMENTAL FILES REGISTERED.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.64
UK Pound	1	Rs.100.41
Euro	1	Rs.71.63

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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.