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MIRA INFORM REPORT
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Report No. : |
495938 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TRIEXLINE COMERCIAL LTDA ME |
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Registered Office : |
Avenida Jeronimo Monteiro, 1000 Salas 1217, 1219-B Centro, 29010-935 - Vitória/Es |
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Country : |
Brazil |
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Date of Incorporation : |
04.08.2017 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject engaged in sale of diamond wires |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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Status : |
New Business |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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
TRIEXLINE
COMERCIAL LTDA ME
ADDRESSES
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MAIN ADDRESS: |
AVENIDA JERONIMO MONTEIRO, 1000 SALAS 1217, 1219-B CENTRO |
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ZIP CODE/CITY: |
29010-935 - VITÓRIA/ES |
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PHONE: |
DOES NOT HAVE |
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FAX: |
DOES NOT HAVE |
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E-MAIL: |
pablo.triexline@gmail.com |
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BRANCHES: |
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NOT AVAILABLE. |
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LEGAL DATA: |
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MAIN ACTIVITIES: |
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SALE OF DIAMOND WIRES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
04/08/2017 |
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REGISTER DATE: |
04/08/2017 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
28.345.949/0001-42 |
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STATE REGISTER: |
083.339.55-8 |
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SHARE CAPITAL: |
R$ 150.000,00 |
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BOARD OF
DIRECTORS: |
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PABLO JOSE FREITAS MOTA |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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PABLO JOSE FREITAS MOTA |
100% |
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AFFILIATES /
SUBSIDIARIES: |
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NOT AVAILABLE. |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 04, 2017 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. WE WERE INFORMED THAT MR. WELLINGTON DIEKES FARIA AND MR LUIZ CLAUDIO
BERMUDES CORDEIRO HAVE WITHDRAWN FROM THE COMPANY. THE SUBJECT IS CURRENTLY OWNED BY A SOLE PARTNER AND SHALL APPOINT A
NEW PARTNER (S) TO RECOMPOSE THE PARTNERSHIP. IN THE MEANTIME THE SOLE
PARTNER WILL BE UNLIMITEDLY LIABLE FOR THE COMPANY. REMARKS: WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. PABLO, MANAGER, WHO
INFORMED THAT THERE IS NO TELEPONE NUMBER AT THE CAPTIOEND ADDRESS AS IT IS
ONLY A FISCAL ADDRESS. THE CONTACTS WERE MADE THROUGH THE TELEPHONE NUMBER 27
3341-6065 WHICH BELONGS TO THE RESIDENCE OF MR. PABLO AND BY HIS CELLPHONE
NUMBER 27 99636-0341. HE DECLINED TO 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 RECORDS. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL
SOURCES USUALLY INVESTIGATED. |
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PUBLIC RECORDS
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. 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 NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES
COMMENTS
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SALE OF DIAMOND WIRES. |
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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 2017. SO FAR IT HAS A TRADE HISTORY
UNKNOWN FOR THE LOCAL SOURCES CONSULTED. 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 |
INR 64.87 |
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UK Pound |
1 |
INR 90.49 |
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Euro |
1 |
INR 79.91 |
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BRL |
1 |
INR 19.84 |
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 : |
KET |
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
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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.