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MIRA INFORM REPORT
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Report No. : |
486763 |
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Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
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Name : |
FABRIMA MÁQUINAS AUTOMÁTICAS LTDA |
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Registered Office : |
Av Narain Singh,547 – Bonsucesso, 07250-000 - Guarulhos/SP |
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Country : |
Brazil |
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Date of Incorporation : |
16.11.1971 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Development, Installation, Maintenance and Manufacture of Machines for
the Packaging Process. |
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No. of Employees : |
188 |
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 : |
Exist |
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 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.
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Source
: CIA |
Company
name
FABRIMA
MÁQUINAS AUTOMÁTICAS LTDA
ADDRESSES:
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MAIN ADDRESS: |
AV NARAIN SINGH,547 - BONSUCESSO |
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ZIP CODE/CITY: |
07250-000 - GUARULHOS/SP |
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PHONE: |
11 2465-2500 |
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FAX: |
11 2480-3934 |
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E-MAIL: |
fiscal@masipack.com.br |
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INQUIRY DETAILS: |
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GIVEN NAME: |
FEBIMA (BRASIL) |
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CORRECT NAME: |
THE CORRECT NAME IS STATED AT THE CAPTION. |
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GIVEN ADDRESS: |
AV NARAIN SINGH,577 – CIDAE ARACILIA GUARULHOS – SP, 07250-000,BRAZIL |
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CORRECT ADDRESS: |
THE CORRECT ADDRESS IS STATED AT THE CAPTION. |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL
DATA
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MAIN ACTIVITIES: |
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DEVELOPMENT, INSTALLATION, MAINTENANCE AND MANUFACTURE OF MACHINES FOR
THE PACKAGING PROCESS. |
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LEGAL FORM: |
Limited
Liability Company |
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INCORPORATION DATE: |
16/11/1971 |
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REGISTER DATE: |
16/11/1971 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
43.222.439/0001-71 |
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STATE REGISTER: |
336.069.564.113 |
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SHARE CAPITAL: |
R$ 8.550.000,00 |
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BOARD OF
DIRECTORS: |
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MAURICIO SANCHEZ MORENO |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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MAURICIO SANCHEZ MORENO |
R$ 8.549.943,00 |
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RODRIGO FUNARI SANCHEZ |
R$ 57,00 |
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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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MASIPACK INDUSTRIA E COMERCIO DE MAQUINAS AUTOMOTICAS S/A |
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HELSIMPLAST INDUSTRIA E COMERCIO LTDA M E |
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MEMB APOIO ADMINISTRATIVO LTDA |
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GOLDEN PACK ADMINISTRACAO E PARTICIPACOES LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON NOVEMBER 16, 1971 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: MAURICIO SANCHEZ MORENO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
484.892.128-72, RESIDENTIAL ADDRESS RUA CANDIDO PORTINARI, 105, APTO. 52, SAO
BERNARDO DO CAMPO - SP; AND RODRIGO FUNARI SANCHEZ, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
250.856.988-78, RESIDENTIAL ADDRESS RUA CANDIDO PORTINARI, 105, APTO.52, SAO
BERNARDO DO CAMPO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. SILVANA- 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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27 PROTESTS,TOTAL AMOUNT R$
6.819.244,94 |
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DATE OF FIRST PROTEST:
06/2016 R$ 221.298,58 |
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DATE OF HIGHEST PROTEST:
05/2017 R$ 752.561,41 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTÓRIO DE GUARULHOS/SP |
11/09/2017 |
R$ 110.884,38 |
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1º CARTÓRIO DE GUARULHOS/SP |
16/11/2017 |
R$ 546.151,54 |
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1º CARTÓRIO DE GUARULHOS/SP |
04/09/2017 |
R$ 62.742,28 |
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1º CARTÓRIO DE GUARULHOS/SP |
11/10/217 |
R$ 84.963,28 |
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1º CARTÓRIO DE GUARULHOS/SP |
12/01/2018 |
R$ 84.883,66 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
EXECUTIVE LAWSUIT |
28/11/16 |
42ª VARA DE SAO PAULO/SP/CENTRAL |
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1 |
EXECUTIVE LAWSUIT |
04/12/17 |
2ª VARA DE GUARULHOS/SP |
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3 |
FEDERAL LAWSUITS |
07/06/17 |
3ª VARA DE GUARULHOS/SP |
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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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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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
AG: 3222-0 / 11 2447-1454 |
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BANCO ITAÚ S/A |
AG: 0046-3 / 4004-1608 |
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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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DEVELOPMENT, INSTALLATION, MAINTENANCE AND MANUFACTURE OF MACHINES FOR
THE PACKAGING PROCESS. |
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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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D.T. INTERNACIONAL EQUIPS INDS LTDA |
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DOCILE ALIMENTOS LTDA |
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ELI LILLY DO BRASIL LTDA |
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HENKEL LTDA |
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MÁQUINAS EXACTAS S.A |
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PERDIGÃO AGROINDUSTRIAL S.A |
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STAFF: |
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THE COMPANY HAS: 188 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1971. IT
HAS A TRADE HISTORY BLEMISHED BY SEVERAL PROTESTS, SHOWING THAT AT THAT TIME THE
COMPANY FAILED TO ACCOMPLISH ITS COMMITMENTS WITH SEVERAL CREDITORS /
SUPPLIERS. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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ROCKWELL COM. E SERV. DE AUTOMAÇÃO LTDA |
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11 3618-8891 |
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SCHNEIDER ELETRIC BRASIL LTDA |
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11 5524-5233 |
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SEW - EURODRIVE BRASIL LTDA |
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11 2489-9000 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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HASSIA-REDATRON GMBH |
ALEMANIA |
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METTLER TOLEDO GARVENS GMBH |
ALEMANIA |
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NORDSON CORPORATION |
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PAYMENT HISTORY: |
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14 SUPPLIERS REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 61 |
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TOTAL OF PROMPT PAYMENTS: 83,6% |
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TOTAL OF DELAYED PAYMENTS: 16,4% |
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HIGHEST INVOICE: R$ 5.978,00 |
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HIGHEST CREDIT: R$ 5.978,00 |
FINAL
OPINION
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BASED ON THE GENERAL INFORMATION AVAILABLE IT IS RECOMMENDED DEALING
UNDER FULLY SECURED TERMS ONLY. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.89 |
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1 |
INR 88.60 |
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Euro |
1 |
INR 78.12 |
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BRL |
1 |
INR 19.92 |
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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PRI |
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Report Prepared
by : |
TPT |
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
·
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.