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Report No. : |
322767 |
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Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
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Name : |
COATS CORRENTE LTDA. |
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Registered Office : |
Rua Do Manifesto,705 Bloco A – Ipiranga 04209-000 - São Paulo/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
18.06.1907 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of textiles. |
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No. of Employee : |
3000 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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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. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 15 years. Rising inflation led the authorities to take measures to cool the economy in 2011; these actions and the deteriorating international economic situation slowed growth in 2011-14. Brazil’s fiscal and current account balances have eroded during the past three years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. President Dilma ROUSSEFF has indicated that her government in her second term will pursue more austere fiscal policies to reduce these imbalances and preserve the country’s credit rating.
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Source
: CIA |
COATS CORRENTE
LTDA.
ADDRESSES
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MAIN ADDRESS: |
RUA DO MANIFESTO,705 BLOCO A - IPIRANGA |
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ZIP CODE/CITY: |
04209-000 - SÃO PAULO/SP |
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PHONE: |
11 4932-8000 |
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FAX: |
11 4932-8000 |
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E-MAIL: |
shirlei.alves@coats.com.br |
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WEB SITE: |
www.coats.com.br |
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BRANCHES: |
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ADDRESS: |
RUA ANFILOQUIO
NUNES PIRES,4242 - BELA VISTA |
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ZIP CODE/CITY: |
89.110-00
GASPAR/SC |
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CNPJ: |
61.148.052/0028-14 |
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ADDRESS: |
RUA TIMBIRAS,3109 SALAS 804 / 805 / 806 |
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ZIP CODE/CITY: |
30140-062 BELO HORIZONTE/MG |
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CNPJ: |
61.148.052/0009-51 |
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ADDRESS: |
AV. BRUXELAS,185 SALA 201 - BONSUCESSO |
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ZIP CODE/CITY: |
21041-000 RIO DE JANEIRO/RJ |
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CNPJ: |
611480520 |
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ADDRESS: |
RUA PARIS,190 |
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ZIP CODE/CITY: |
89052-150 BLUMENAU/SC |
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ADDRESS: |
AVENIDA SETE DE SETEMBRO,556 |
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ZIP CODE/CITY: |
93332-470 NOVO HAMBURGO/RS |
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FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN
BLUMENAU/SC, NOVO HAMBURGO/RS, FORTALEZA/CE, BELO HORIZONTE/MG, RIO DE
JANEIRO/RJ AND SÃO PAULO/SP. |
LEGAL
DATA
|
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MAIN ACTIVITIES: |
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MANUFACTURE OF TEXTILES |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
18/06/1907 |
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REGISTER DATE: |
18/06/1907 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
61.148.052/0001-02 |
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STATE REGISTER: |
109.944.261.110 |
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SHARE CAPITAL: |
R$
122.004.352,95 |
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LAST REGISTER OF CAPITAL: |
16/01/2015 |
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BOARD OF
DIRECTORS: |
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|
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|
|
RAJESH LAKHANPAL |
MANAGER |
|
DAVID JOHN WILLIAMSON |
MANAGER |
|
EDUARDO COSTA DE ALMEIDA |
MANAGER |
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LUCIO PANDOLFI JUNIOR |
MANAGER |
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MARCO IGOR DE CAMARGO |
MANAGER |
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ALEJANDRO MANUEL MATA LUNA |
MANAGER |
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GAVIN BRITTAIM MCQUARRIE |
MANAGER |
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MAURICIO GOMEZ MUNOZ |
MANAGER |
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RENATA APARECIDA DE CAMPOS FERNANDES |
MANAGER |
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SHAUN JAMES DUNCAN |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
|
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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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COATS NORTHERN HOLDINGS B.V. |
R$
121.994.967,41 |
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MARCO IGOR DE CAMARGO |
R$ 9.385,54 |
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AFFILIATES /
SUBSIDIARIES: |
|
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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COATS CORRENTE TEXTIL LTDA |
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COMPANY'S
BACKGROUND
|
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THE SUBJECT WAS ESTABLISHED ON JUNE 18, 1907 AS LINHAS CORRENTES LTDA TO
BE ENGAGED IN THE SAID LINE OF BUSINESS. IN 1994 IT ADOPTED THE ABOVE
MENTIONED NAME. PARTNERS: COATS NORTHERN HOLDING B.V.: HEADQUARTERED AT NARITAWEG 165, BW
AMSTERDAM, HOLLAND, / REGISTRATION # CNPJ 10.287.462/0001-95. MARCO IGOR DE CAMARGO: BRAZILIAN, HOLDER OF DOCUMENTS CPF
7091.903.868-92, RG/RNE: 175060630 - SP, DOMICILED AT RUA DO MANIFESTO, 705,
BLOCO A, IPIRANGA, SAO PAULO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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 RECORDS WERE FOUND. |
FINANCIAL
INFORMATION
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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.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,02 |
- OFFICIAL RATE ON 19/05/2015 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT
THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
|
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INSURANCE COMPANY: |
ZURICH - ANGLO SEGUROS S/A |
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COVERAGE: |
CEASING PROFIT |
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VALUE: |
R$ 92.775.816,39 |
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INSURANCE COMPANY: |
ZURICH - ANGLO SEGUROS S/A |
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COVERAGE: |
NOMINATED RISKS |
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VALUE: |
R$ 92.775.816,39 |
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INSURANCE COMPANY: |
ZURICH - ANGLO SEGUROS S/A |
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COVERAGE: |
GENERAL CIVIL LIABILITY |
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VALUE: |
R$ 1.000.000,00 |
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INSURANCE COMPANY: |
YASUDA SEGUROS |
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COVERAGE: |
VEHICLES |
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REMARKS: |
FLEET OF 99 VEHÍCLES |
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INSURANCE COMPANY: |
ITAU SEGUROS S/A |
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COVERAGE: |
LIFE |
BANKING
REFERENCES
|
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BRANCH/PHONE: |
CITY: |
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BANCO BRADESCO S/A |
11 2178-4702 |
SÃO PAULO/SP |
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HSBC BANK BRASIL S/A |
11 3646-3630 |
SÃO PAULO/SP |
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BANCO ITAU S/A |
11 3708-8755 |
SÃO PAULO/SP |
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BANCO DO BRASIL S/A |
11 2128-7276 |
SÃO PAULO/SP |
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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"). DATE RESEARCHED: MAY 19, 2015. |
ACTIVITIES
COMMENTS
|
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SUBJECT IS ENGAGED IN THE MANUFACTURE OF YARNS FOR THE TEXTILE INDUSTRY. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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CHILE, PERU AND ARGENTINA. |
EXPORTS TO:
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MERCOSUR. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
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ARCOM S/A |
UBERLANDIA/MG |
34 9218-4019 |
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ARMARINHO FERNANDO LTDA |
SÃO PAULO/SP |
11 3228-0400 |
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COMPANHIA DE TECIDOS NORTE MINAS LTDA |
SAO GONCALO DO AMARANTE/RN |
84 3143-4420 |
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COMPANHIA HERING |
BLUMENAU/SC |
47 3321-3218 |
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COTEMINAS |
SÃO PAULO/SP |
11 2145-4510 |
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MALWEE MALHAS LTDA |
JARAGUA DO SUL/SC |
47 2107-7062 |
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TEKA TECELAGEM KUEHNRICH S/A |
BRUSQUE/SC |
47 321-5000 |
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STAFF: |
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THE COMPANY HAS: 3000 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1977. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
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AES ELETROPAULO METROP.ELET.SP |
SÃO PAULO/SP |
11 2195-2135 |
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BF PLASTICOS INDUSTRIA E COMERCIO LTDA |
|
19 3478-1312 |
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CLARIANT S/A |
SÃO PAULO/SP |
11 5683-7553 |
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DYSTAR LTDA |
SUZANO/SP |
11 5508-3696 |
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INDÚSTRIA GRÁFICA RODAR LTDA |
SÃO PAULO/SP |
11 5521-1733 |
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LEDERVIN IND E COMERCIO LTDA |
SÃO PAULO/SP |
11 3685-8700 |
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NOBREGA E DANTAS S/A IND E COMÉRCIO |
MACAIBA/RN |
84 271-1468 |
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PLÁSTICOS RENATO MASSINI LTDA |
SANTO ANDRE/SP |
11 4990-0264 |
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POLYENKA S/A |
SÃO PAULO/SP |
11 3038-0917 |
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SALUTE IND. PAPELÃO ONDULADO |
SÃO PAULO/SP |
11 4636-5922 |
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SALUTE INDUSTRIA PAPELAO ONDULADO |
SUZANO/SP |
11 4634-5922 |
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TECNOWORK IND E COMÉRCIO DE PLÁSTICOS LTDA |
SÃO PAULO/SP |
11 6112-1276 |
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TERMOMECÂNICA SÃO PAULO S/A |
SÃO PAULO/SP |
11 4366-9777 |
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TRANSPORTES NOVO NORDESTE LTDA |
|
11 2412-6931 |
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VICUNHA S/A |
AMERICANA/SP |
19 3471-2275 |
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PAYMENT HISTORY: |
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26 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.254.376,00 |
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|
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AMOUNT OF INVOICES PAID: 147 |
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TOTAL OF PROMPT PAYMENTS: 99,7% |
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TOTAL OF DELAYED PAYMENTS: 0,3% |
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HIGHEST INVOICE: R$ 120.071,00 |
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HIGHEST CREDIT: R$ 120.071,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 90 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 1.255,11 |
|
DUE WITHIN 60 DAYS |
2 |
2 |
R$ 3.055,09 |
|
DUE WITHIN 90 DAYS |
1 |
1 |
R$ 1.255,09 |
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.63.70 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
ANK |
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.