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MIRA INFORM REPORT
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Report No. : |
515574 |
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Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
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Name : |
RFR
COMÉRCIO E RECICLAGEM DE RESÍDUOS LTDA. |
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Registered Office : |
Rua
José Marques Prata, 105 - Várzea Do Palácio |
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Country : |
Brazil |
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Date of Incorporation : |
10.11.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade of Recycled Metals. |
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No. of Employees : |
200 |
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 : |
No Complaints |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
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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. In 2017, Brazil`s GDP grew 1%, inflation fell to historic lows of 2.9%, and the Central Bank lowered benchmark interest rates from 13,75% in 2016 to 7% in 2017.
Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth pushed public debt to 73.7% of GDP at the end of 2017, up from over 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, 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 — have limited their business opportunities, producing a ripple effect on associated businesses and contractors but creating opportunities for foreign companies to step into what had been a closed market. The following TEMER administration implemented a series of fiscal and structural reforms to restore credibility to government finances. Congress approved legislation in December 2016 to cap public spending, and in mid-2017 passed labor reforms. The government also boosted infrastructure projects, such as oil and natural gas auctions, in part to raise revenues.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc that includes Argentina, Paraguay and Uruguay - Venezuela’s membership in the organization was suspended In August 2017. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to volatile foreign markets and it currently is negotiating Free Trade Agreements with the European Union and Canada.
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Source
: CIA |
Company
name
RFR COMÉRCIO E RECICLAGEM DE RESÍDUOS
LTDA.
ADDRESSES
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MAIN ADDRESS: |
RUA
JOSÉ MARQUES PRATA, 105 - VÁRZEA DO PALÁCIO |
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ZIP
CODE/CITY: |
07.034-090
- GUARULHOS/SP |
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PHONE: |
11
2246-1350 |
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E-MAIL: |
gerencia.financeiro@gruporfr.com.br |
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WEB
SITE: |
www.gruporfr.com.br |
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BRANCHES: |
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ADDRESS: |
RUA
ANTONIO DE GASPARI, - BAIRRO ÁGUA
SANTA |
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ZIP
CODE/CITY: |
13413-652
PIRACICABA/SP |
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CNPJ: |
07.100.026/0002-31 |
LEGAL
DATA
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MAIN ACTIVITIES: |
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TRADE
OF RECYCLED METALS. |
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION
DATE: |
10/11/2004 |
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REGISTER
DATE: |
10/11/2004 |
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BALANCE
SHEET FILING DATE: |
31/12 |
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TAX
CONTRIBUTOR NUMBER(CNPJ): |
07.100.026/0001-50 |
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STATE
REGISTER: |
336.742.199.111 |
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SHARE
CAPITAL: |
R$
3.000.000,00 |
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BOARD OF DIRECTORS: |
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MARCOS
SAMPAIO DA FONSECA |
MANAGING
PARTNER |
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VIDAL
DE OLIVEIRA CRUZ |
MANAGING
PARTNER |
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MARCIA
APARECIDA CASTILHO GONSALEZ |
MANAGING
PARTNER |
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EDUARDO
VICTOR LOUREIRO DOS SANTOS MONTEIRO |
MANAGING
PARTNER |
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AMERICO
DE MORAES FILHO |
MANAGING
PARTNER |
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ANTONIO
MARCELO SAMPAIO DA FONSECA |
MANAGING
PARTNER |
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MARCOS
CARILHO CRUZ |
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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MARCOS SAMPAIO DA FONSECA |
R$ 461.539,00 |
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VIDAL DE OLIVEIRA CRUZ |
R$ 230.770,00 |
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EDUARDO VICTOR LOUREIRO DOS SANTOS
MONTE |
R$ 461.538,00 |
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AMERICO DE MORAES FILHO |
R$ 461.539,00 |
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ANTONIO MARCELO SAMPAIO DA FONSECA |
R$ 461.538,00 |
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MARCIA APARECIDA CASTILHO GONSALEZ |
R$ 461.538,00 |
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MARCOS CASTILHO CRUZ |
R$ 461.538,00 |
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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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RFR LOG LOGÍSTICA LTDA |
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SANTA BARBARA COMERCIO FERRO AÇO
LTDA |
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CBS PRODUTOS SIDERURGICOS LTDA |
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ALPES DE CUNHA EMPREENDIMENTOS LTDA |
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MS & V PARTICIPAÇÕES LTDA |
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AE4M PATRIMONIAL LTDA |
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HMF EMPREENDIMENTOS IMOBILIARIOS LTDA |
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JK COMERCIO DE METAIS LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON
NOVEMBER 10, 2004 AS RECIFER COMERCIO E RECICLAGEM DE METAIS LTDA. TO BE
ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE NAME "RFR COMERCIO
E RECICLAGEM DE METAIS LTDA", AND ON MARCH 21, 2012 IT THE ABOVE
MENTIONED NAME. TRADE NAME: "RFR
RECICLAGEM" PARTNERS: MARCOS SAMPAIO DA FONSECA:
BRAZILIAN, HOLDER OF DOCUMENTS CPF 134.656.508-24, RG 20192693 SP,
RESIDENTIAL ADDRESS AT AV. DOS
PINHEIROS 185, ARUJA/SP. VIDAL DE OLIVEIRA CRUZ: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 638.020.318-49, RESIDENTIAL ADDRESS AT PRAÇA RUBI
162, SANTANA DE PARNAIBA/SP. EDUARDO VICTOR LOUREIRO DOS SANTOS
MONTE: BRAZILIAN, HOLDER OF DOCUMENTS CPF 305.023.308-72, RESIDENTIAL ADDRESS
AT SEBASTIAO PANHHOCHIA 385, GUARULHOS/SP. AMERICO DE MORAES FILHO: BRAZILIAN,
HOLDER OF DOCUMENTS CPF 658.758.508-68, RG 5668207 SP, RESIDENTIAL ADDRESS AT
AV. DEPUTADO EMILIO CARLOS 665, APTO 102, SAO PAULO/SP. ANTONIO MARCELO SAMPAIO DA FONSECA:
BRAZILIAN, HOLDER OF DOCUMENTS CPF 130.224.658-58, RG 201928681 SP,
RESIDENTIAL ADDRESS AT AV.DAS ACACIAS 300, ARUJA/SP. MARCIA APARECIDA CASTILHO GONSALEZ:
BRAZILIAN, HOLDER OF DOCUMENTS CPF 023.178.978-55, RG 6763700 SP, RESIDENTIAL
ADDRESS AT RUA GULHERME BANNITZ 55, APTO 2002, SAO PAULO/SP. MARCOS CASTILHO CRUZ:
BRAZILIAN, HOLDER OF DOCUMENTS CPF 013.004.168-82, RESIDENTIAL ADDRESS AT RUA
BAHIA 253, ARUJÁ IV, ARUJÁ/SP. FURTHER DETAILS ARE SO FAR NOT
KNOWN. WHEN INTERVIEWED SOURCES AT THE
SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS
TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS
BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE
SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE
OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL RECORDS. NO FURTHER
DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED. |
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PUBLIC
RECORDS INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
MONITORY SUIT |
04/10/17 |
1º VARA DE SP-GUARULHOS |
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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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 NOT RETURNED CHECKS UP TO DATE.
(IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). |
ACTIVITIES
COMMENTS
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TRADE OF RECYCLED METALS. |
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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: 200
EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED
COMPANY, OPERATING SINCE 2004. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD
PAYMENT BEHAVIOUR. 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. THE LAWSUIT REPORTED IS NOT
RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE
COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES
NOT AFFECT THE COMPANY'S TRADE REPUTATION. |
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MAIN
SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ALIANÇA METALURGICA S/A |
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GIMBA SUPRIM. ESCRIT. INFORMATICA
LTDA |
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JKS INDUSTRIAL LTDA |
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METALURGICA LUPRENS LTDA |
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METALURGICA SÃO RAPHAEL LTDA |
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PAYMENT
HISTORY: |
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16 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 465.518,00 |
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AMOUNT OF INVOICES PAID: 147 |
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TOTAL OF PROMPT PAYMENTS: 97,5% |
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TOTAL OF DELAYED PAYMENTS: 2,5% |
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HIGHEST INVOICE: R$ 38.804,00 |
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HIGHEST CREDIT: R$ 38.804,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
1 |
R$ 2.436,00 |
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. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.15 |
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1 |
INR 90.27 |
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Euro |
1 |
INR 79.35 |
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BRL |
1 |
INR 18.05 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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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
·
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.