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MIRA INFORM REPORT
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Report No. : |
484235 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JAV INDUSTRIA DE ALIMENTOS LTDA |
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Registered Office : |
Rua Cauby, S/N, Zona E 3 Industrial - Zona Rural, 49400-000 -
Lagarto/SE |
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Country : |
Brazil |
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Date of Incorporation : |
13.10.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Food Products. |
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No. of Employees : |
700 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Brazil is the eighth-largest economy in the world, but is recovering from a recession in 2015 and 2016 that ranks as the worst in the country’s history. Falling commodity prices reduced export revenues and investment, which weakened the Brazilian real and cut tax revenues. The weaker real made existing public debt, which was largely denominated in foreign currency, more expensive. Lower tax revenues strained the government budget.
Economic reforms proposed in 2016 aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth helped to push public debt to 70% of GDP at the end of 2016 up from 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, may have boosted employment at the expense of investment.
Former President Dilma ROUSSEFF was impeached and convicted in August 2016 for moving funds among government budgets; the economy has also been affected by multiple corruption scandals involving private companies and government officials. Sanctions against the firms involved — some of the largest in Brazil — has limited their business opportunities, producing a ripple effect on associated businesses and contractors. In addition, investment in these companies has declined because of the scandals.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to the volatility of foreign markets. Brazil and its Mercosur partners have pledged to open the bloc to more trade and investment, but changes require approval of all five members, which makes policy adjustments too difficult to enact.
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Source
: CIA |
COMPANY
NAME
JAV INDUSTRIA DE
ALIMENTOS LTDA
ADDRESSES
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MAIN ADDRESS: |
RUA CAUBY, S/N, ZONA E 3 INDUSTRIAL - ZONA RURAL |
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ZIP CODE/CITY: |
49400-000 - LAGARTO/SE |
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PHONE: |
79 3631-9200 |
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E-MAIL: |
sonia-paixao@marata.com.br |
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INQUIRY DETAILS: |
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GIVEN NAME: |
ESTRADA CAMPO DA FAZENDA S/N ZONA RURAL, ZIP: 49400-000 - LAGARTO/SE |
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CORRECT NAME: |
THE STREET NAME HAS CHANGED FROM THIS ONE TO THE ABOVE-MENTIONED ONE |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL
DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF FOOD PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
13/10/2006 |
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REGISTER DATE: |
13/10/2006 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
08.369.748/0001-78 |
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STATE REGISTER: |
271185929 |
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SHARE CAPITAL: |
R$ 31.660.111,00 |
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BOARD OF
DIRECTORS: |
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JOSE AUGUSTO VIEIRA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
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SHAREHOLDERS /
PARTNERS: |
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JOSE AUGUSTO VIEIRA |
60,84% |
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RICARDO REIS VIEIRA |
15,70% |
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ANDREA REIS VIEIRA |
9,48% |
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JACKELINE REIS VIEIRA |
9,48% |
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FLAVIA REIS VIEIRA |
3,15% |
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FRANK REIS VIEIRA |
1,35% |
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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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JAV LATICINIOS DO NORDESTE LTDA |
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INDUSTRIA DE TORREFACAO E MOAGEM CAFE MARATA LTDA |
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MARATA IMPORTS VEICULOS LTDA |
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CENTRAL DE DISTRIBUICAO MARATA LTDA |
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COMERCIAL MARATA LTDA |
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VLT VIEIRA LOGISTICA E TRANSPORTES LTDA |
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IVL INDUSTRIAS VIEIRA LTDA |
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PLASTIL PLASTICOS DE SERGIPE LTDA ME |
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MARATA INDUSTRIA DE EMBALAGENS LTDA |
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CONSTRUTORA VIEIRA LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON OCTOBER 13, 2006 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: "JAV INDUSTRIA DE ALIMENTOS" THE STREET NOMENCLATURE HAS CHANGED FROM “ESTRADA CAMPO DA
FAZENDA/ESTRADA DA BARRAGEM, S/Nº, LAGARTO/SE” TO THE ABOVE-MENTIONED NAME. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CAIO, 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 RECORDS
INFORMATION: |
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PROTESTS: |
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1 PROTEST, AMOUNT R$ 134.890,00 |
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DETAILS OF PROTEST: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTÓRIO DE SE-LAGARTO |
18/04/2013 |
R$ 134.890,00 |
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 AS THEY ARE STILL NOT AUTHORIZED
TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA
ABOUT THE SUBJECT. |
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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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BANCO BRADESCO S/A |
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BANCO DO BRASIL S/A |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES
COMMENTS
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MANUFACTURE OF FOOD PRODUCTS. |
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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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THE COMPANY HAS: 700 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED FAMILY-OWNED COMPANY, OPERATING
SINCE 2006. SO FAR IT HAS A TRADE HISTORY AFFECTED BY A RELEVANT PROTEST
REGISTERED. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL AND
MOST OF PAYMENTS WERE MET WITHIN DUE DATE. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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CDC BRASIL DIST TECNOLOGIAS ESPECIAIS LTDA |
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ELETRICA BAHIANA COM IMP MATERIAIS ELETRICOS LTDA |
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MOPA INDUSTRIA E COMERCIO LTDA |
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SOCIEL SOC OESTE LTDA |
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PAYMENT HISTORY: |
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13 SUPPLIERS REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 51 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 173.289,00 |
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HIGHEST CREDIT: R$ 173.289,00 |
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 AND GIVEN THE
RELEVANT PROTEST REPORTED. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.35 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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BRL |
1 |
INR 19.58 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.