|
|
|
MIRA INFORM REPORT
|
Report No. : |
486770 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASIA IMPORT COMERCIO DE BRINDES LTDA |
|
|
|
|
Registered Office : |
Rua Farroupilha,235 Galpao A - Floresta, 89211-320 - Joinville/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
31.01.1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trade and import of gifts |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 78% of GDP at the end of 2017, 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.
|
Source : CIA |
COMPANY
NAME
|
ASIA IMPORT COMERCIO DE
BRINDES LTDA |
ADDRESSES
|
|
MAIN ADDRESS: |
RUA
FARROUPILHA,235 GALPAO A - FLORESTA |
|
ZIP
CODE/CITY: |
89211-320
- JOINVILLE/SC |
|
|
|
|
PHONE: |
47
3436-8233 |
|
E-MAIL: |
rose@asiaimport.com.br |
|
WEB
SITE: |
www.asiaimport.com.br |
|
INQUIRY DETAILS: |
|
|
|
|
|
GIVEN NAME: |
ASIA
IMPORT COMERCIO DE BRINDES LTD |
|
CORRECT
NAME: |
THE COMPLETE NAME IS STATED AT THE CAPTION. |
|
|
|
|
GIVEN ADDRESS: |
RUA
FARROUPILHA GALPAO A, 235, BAIRRO
FLORESTA-CEP:89211-320 JOINVILE,SC, |
|
CORRECT
ADDRESS: |
THE CORRECT ADDRESS IS STATED AT THE CAPTION. |
|
|
|
|
BRANCHES: |
|
NOT
AVAILABLE. |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
TRADE AND IMPORT OF GIFTS. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
31/01/1996 |
|
REGISTER
DATE: |
31/01/1996 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER(CNPJ): |
01.048.463/0001-96 |
|
STATE
REGISTER: |
253.174.880 |
|
|
|
|
SHARE
CAPITAL: |
R$
100.000,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
AMARILDO
GONCALVES EVANGELISTA |
MANAGING
PARTNER |
|
JAIR
GONCALVES EVANGELISTA |
MANAGING
PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF
OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
JAIR
GONCALVES EVANGELISTA |
50% |
|
AMARILDO
GONCALVES EVANGELISTA |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT
AVAILABLE. |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 31, 1996 AS
CIVANEI DE ARAUJO EVANGELISTA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
LATER IT ADOPTED THE ABOVE MENTIONED NAME. TRADE NAME "ASIA IMPORT" FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ROSE,
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. |
|
PUBLIC RECORDS
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
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. |
|
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
|
|
BANCO
BRADESCO S/A |
|
|
|
BANCO
ITAU S/A |
|
|
|
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
|
|
TRADE AND IMPORT OF GIFTS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
ASIA |
EXPORTS TO:
|
DOES
NOT HAVE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
NOT
AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 11 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT WAS ESTABLISHED IN 1996. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
NOT
AVAILABLE. |
|
|
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.89 |
|
|
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
|
BRL |
1 |
INR 19.94 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
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.