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Report No. : |
338698 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
PINUS BRASIL AGRO FLORESTAL LTDA |
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Registered Office : |
Fazenda Pedra Maria S/N,0 CAIXA Postal 44 – Fundao, 18290-000 -
BURI/SP |
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Country : |
Brazil |
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Date of Incorporation : |
22.03.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Growing of Pine. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Unknown |
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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 |
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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. 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.
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Source
: CIA |
PINUS BRASIL AGRO
FLORESTAL LTDA
ADDRESSES
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MAIN ADDRESS: |
FAZENDA PEDRA MARIA S/N,0 CAIXA POSTAL 44 - FUNDAO |
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ZIP CODE/CITY: |
18290-000 - BURI/SP |
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PHONE: |
15 3546-1275 |
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E-MAIL: |
pinusbrasil@pinusbrasil.com.br |
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WEB SITE: |
www.pinusbrasil.com.br |
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BRANCHES: |
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NOT AVAILABLE |
LEGAL
DATA
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MAIN ACTIVITIES: |
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GROWING OF PINE. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
22/03/2006 |
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REGISTER DATE: |
30/03/2006 |
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BALANCE SHEET FILING DATE: |
N.I. |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
07.952.060/0001-53 |
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STATE REGISTER: |
229.065.431.110 |
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SHARE CAPITAL: |
R$ 580.000,00 |
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LAST REGISTER OF CAPITAL: |
09/04/2007 |
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BOARD OF DIRECTORS: |
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HENRIQUE SOUZA FERNANDES |
MANAGING PARTNER |
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RICARDO DIAS FERNANDES |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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RICARDO DIAS FERNANDES |
R$ 197.200,00 |
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HENRIQUE SOUZA FERNANDES |
R$ 382.800,00 |
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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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RICARDO DIAS FERNANDES BURI - ME |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON MARCH 30, 2006 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. PARTNERS: HENRIQUE SOUZA FERNANDES: BRAZILIAN, HOLDER OF DOCUMENTS CPF
065.955.298-15, RESIDENTIAL ADDRESS FAZENDA PEDRA MARIA, S/N, FUNDAO, BURI -
SP, CEP 18290-000. RICARDO DIAS FERNANDES: BRAZILIAN, HOLDER OF DOCUMENTS CPF
139.444.428-14 RESIDENTIAL ADDRESS FAZENDA PEDRA MARIA, S/N, FUNDAO, BURI -
SP, CEP 18290-000. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. FABIO - 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. |
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. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 3,53 |
- OFFICIAL RATE ON 27/08/2015 |
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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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NOT AVAILABLE |
BANKING
REFERENCES
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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"). |
ACTIVITIES
COMMENTS
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GROWING OF PINE. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE |
EXPORTS TO:
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NOT AVAILABLE |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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NOT AVAILABLE |
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STAFF: |
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NOT AVAILABLE |
CONCEPT
AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 2006. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NO ADVERSE INFORMATION IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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NOT AVAILABLE |
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PAYMENT HISTORY: |
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NO PAYMENT RECORD IS REGISTERED. |
FINAL
OPINION
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.40 |
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UK Pound |
1 |
Rs.101.19 |
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Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.