|
Report No. : |
344135 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MALWEE MALHAS LTDA. |
|
|
|
|
Registered Office : |
Rua Bertha Weege,200 - Barra Do Rio Cerro, 89260-900 - Jaragua Do
Sul/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
04.07.1968 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Meshes and Other Clothing, Wholesale and Retail Trading
of Textile Threads, Fabrics, Its Articles and Complements |
|
|
|
|
No. of Employees : |
7000 |
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 : |
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 |
MALWEE MALHAS LTDA.
ADDRESSES:
|
|
MAIN ADDRESS: |
RUA BERTHA WEEGE,200 - BARRA DO RIO CERRO |
|
ZIP CODE/CITY: |
89260-900 - JARAGUA DO SUL/SC |
|
|
|
|
PHONE: |
47 3372-7200 |
|
FAX: |
47 3372-7300 |
|
E-MAIL: |
vantuir.s@malwee.com.br |
|
WEB SITE: |
www.malwee.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA RICHARD VIERGUTZ,300 |
|
ZIP CODE/CITY: |
89261-090 JARAGUA DO SUL/SC |
|
CNPJ: |
844297370 |
|
|
|
|
ADDRESS: |
RUA ANTONIO J. MACEDO S/A,0 SALA 01 |
|
ZIP CODE/CITY: |
89253-570 JARAGUA DO SUL/SC |
|
|
|
|
ADDRESS: |
RODOVIA SANTOS DUMONT BR 116,,48 |
|
ZIP CODE/CITY: |
62870-000 PACAJUS/CE |
|
|
|
|
ADDRESS: |
RODOVIA SANTOS DUMONT BR 116 KM,56 |
|
ZIP CODE/CITY: |
62870-000 PACAJUS/CE |
|
THE COMPANY ALSO HAS OTHER
BRANCHES LOCATED IN: JARAGUA DO SUL, SALVADOR, PACAJUS, BRASILIA, BELO HORIZONTE,
RECIFE, NITEROI, RIO DE JANEIRO, NATAL, CAMPINAS, JUNDIAI, SANTO ANDRE, SAO
BERNARDO DO CAMPO AND SAO PAULO. |
LEGAL
DATA:
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF MESHES AND OTHER CLOTHING, WHOLESALE AND RETAIL TRADING
OF TEXTILE THREADS, FABRICS, ITS ARTICLES AND COMPLEMENTS |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
04/07/1968 |
|
REGISTER DATE: |
04/07/1968 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
84.429.737/0001-14 |
|
STATE REGISTER: |
250.264.722 |
|
|
|
|
SHARE CAPITAL: |
R$ 184.897.151,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
EDUARDO SILVA LEONARDIS |
MANAGER |
|
JAIR VENTURI |
MANAGER |
|
JOE MARCIO GIESELER |
MANAGER |
|
SERGIO OGIER HARTMAN MARCON JUNIOR |
MANAGER |
|
CARLOS CESAR DA SILVA |
MANAGER |
|
ANDRE MINHO DUARTE |
MANAGER |
|
FELIPE CORREA PIVATELLI |
MANAGER |
|
PAULO ROBERTO ALTIERI FASSINA |
MANAGER |
|
LARISSA PRISCILLA GIRARDI WALDRICH |
MANAGER |
|
JOSE PAULO MANSAN |
MANAGER |
AUTHORIZED
USE OF SIGNATURE:
|
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
DOBREVE PARTICIPAÇÕES S/A |
99,97% |
|
WF FRANCHISING LTDA. |
00,03% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
MALWEE MALHAS BLUMENAU LTDA |
|
|
MALWEE MALHAS POMERODE LTDA |
|
|
CONFECÇÕES CAMACAN LTDA |
|
|
LMG ROUPAS LTDA |
|
|
WF FRANCHISING LTDA. |
|
COMPANY'S
BACKGROUND:
|
|
SUBJECT WAS SET UP IN 1906 BY WILHELM (GUILHERME) Y BERTHA WEEGE, WITH
ITS CORE ACTIVITY BEING TRADE AND INDUSTRY OF DAIRY AND ENLARGED IN THE FOLLOWING
YEARS WITH THE COLD STORAGE AND AGRICULTURE, OPERATING UNDER THE NAME WILHELM
WEEGE. IN AUGUST 1937, CHANGED ITS STYLE TO LIMITED LIABILITY COMPANY, UNDER
THE CORPORATE NAME DE W. WEEGE & CIA. LTDA., AND OPENED A COMMERCIAL
BRANCHES, EMERGING THE REGION. ON JANUARY 01, 1948, ALTERED ITS LEGAL FORM TO PRIVATELY HELD COMPANY
UNDER THE NAME IND. E COM. W. WEEGE S.A., NOW BY ONE OF THE FOUNDER'S SON,
MR. WOLFGANG WEEGE. IN THIS PERIOD THE COMPANY DIVERSIFIED AND ENLARGED BY
ADDING A GAS PUMP AND IN 1967 EXPANDED BY ACQUIRING A RICE MILL. THE
COMMERCIAL STORE WAS MODERNIZED IN THE 60'S TO A SUPER DEPARTMENT STORE. IN 1964, THE COLD STORAGE WAS CLOSED AND IN THIS BUILDING WAS
INSTALLED A FACTORY OF MESHES. ON JULY 04, 1968, WITH FOUR EMPLOYEES, IT WAS SET UP MALWEE MALHAS. QUALITY, PUNCTUALITY AND ROTATION WERE THE SLOGANS, WHICH DROVE THE
SMALL MALWEE TO CONQUER ITS MARKET. NOWADAYS, WITH AROUND 4.000 EMPLOYEES, IT
IS CONSIDERED ONE OF THE MOST MODERNS COMPANIES IN ITS LINE BUSINESS IN
BRAZIL. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. VANTUIR, FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION EVEN
KNOWING THE INQUIRING PARTY'S NAME. 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: |
|
6 PROTESTS,TOTAL AMOUNT R$
49.543,37 |
|
DATE OF FIRST PROTEST: 07/2014 R$
1.300,03 |
|
DATE OF HIGHEST PROTEST:
07/2015 R$ 43.325,38 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
3º CARTÓRIO DE BRASILIA-DF |
17/07/2015 |
R$ 2.237,88 |
|
2º CARTÓRIO DE GUARA-DF |
15/07/2015 |
R$ 43.325,38 |
|
2º CARTÓRIO DE GUARA-DF |
15/07/2015 |
R$ 1.385,19 |
|
CARTÓRIO DE LENÇOIS-BA |
19/02/2015 |
R$ 631,71 |
|
1º CARTÓRIO DE ROSARIO-MA |
15/01/2015 |
R$ 663,18 |
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$ 3,82 |
- OFFICIAL RATE ON 13/10/2015 |
|
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
|
DETAIL OF OWNED REAL ESTATE: |
|
TYPE: |
BUILDING |
|
TOTAL AREA: |
11.949M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
RUA BERTHA WEEGE, 200 |
|
|
|
|
OWNER: |
LAURITA KARSTEN WEEGE |
|
TYPE: |
LAND |
|
TOTAL AREA: |
30.812M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
RODOVIA BR 280 |
|
|
|
|
OWNER: |
DOBREVE EMPREEND. E PARTICIPAÇÕES LTDA |
|
TYPE: |
LAND |
|
TOTAL AREA: |
4.095.390M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
FAZENDA MENINO DEUS, S/N°. |
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE:
|
|
INSURANCE COMPANY: |
NOT AVAILABLE |
|
COVERAGE: |
SUNDRY RISKS |
|
EXPIRATION: |
11/2008 |
|
VALUE: |
R$ 251.000.000,00 |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3125 |
|
|
BANCO BRADESCO S/A |
0356 |
|
|
BANCO UNIBANCO S/A |
0453 |
|
|
BANCO SAFRA S/A |
0067 |
|
|
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:
|
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF MESHES AND OTHER CLOTHING,
WHOLESALE AND RETAIL TRADING OF TEXTILE THREADS, FABRICS, ITS ARTICLES AND
COMPLEMENTS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
GERMANY, AUSTRIA, ITALY, JAPAN, UNITED KINGDOM, FRANCE, SWITZERLAND
AND OTHERS. |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
BRASCOL COMERCIO DE ROUPAS LTDA |
|
|
|
CARREFOUR COM E IND LTDA |
|
|
|
FATEX IND COM IMP EXPORTAÇÃO LTDA |
|
|
|
MYMO COMERCIO DE ROUPAS LTDA |
|
|
|
PRO PREÇOS COM DE ARTIGOS DO VESTUÁRIO LTDA |
|
|
|
UNIÃO DE LOJAS LEADER S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 7000 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT:
|
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1968. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. IT IS
FAMILY-OWNED AND BOTH THE COMPANY AND ITS PARTNERS KEEPS ENJOYING GOOD
REPUTATION AMONG LOCAL 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. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT’S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES ARE CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
A.W. FABER CASTELL S/A |
|
|
|
ANJO QUIMICA DO BRASIL LTDA |
|
|
|
CDC BRASIL DISTRIBUIDORA DE TECNOLOGIAS ESPECIAIS LTDA. |
|
|
|
COMERCIO E IND BREITHAUPT S/A |
|
|
|
CONSTRUTORA HAHNE LTDA |
|
|
|
DAY BRASIL S/A |
|
|
|
HACO ETIQUETAS LTDA |
|
|
|
INDUSTRIAS TEXTEIS NAJAR S.A. |
|
|
|
NISSHINBO DO BRASIL IND TEXTIL LTDA |
|
|
|
NORFIL S/A IND TEXTIL |
|
|
|
PAYMENT HISTORY: |
|
54 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 19.146.868,00 |
|
|
|
AMOUNT OF INVOICES PAID: 2551 |
|
TOTAL OF PROMPT PAYMENTS: 98,3% |
|
TOTAL OF DELAYED PAYMENTS: 1,7% |
|
|
|
HIGHEST INVOICE: R$ 285.022,00 |
|
HIGHEST CREDIT: R$ 285.022,00 |
|
|
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
6 |
12 |
R$ 319.717,22 |
|
DUE WITHIN 60 DAYS |
2 |
13 |
R$ 28.080,60 |
|
DUE WITHIN 90 DAYS |
2 |
9 |
R$ 4.172,34 |
|
ALL |
4 |
98 |
R$ 1.824.567,25 |
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.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.