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MIRA INFORM REPORT
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Report No. : |
506237 |
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Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GRANITO ZUCCHI LTDA. |
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Registered Office : |
Avenida Jacaraipe, 1423 A - Bairro São Francisco, 29175-217 - Serra/ES |
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Country : |
Brazil |
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Date of Incorporation : |
17.06.1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Quarrying and sale, import and export of crude ornamented stones, blocks,
plates and tiles, semi-finished, industrialization on the account of others
and rendering of services of packaging, transportation as well as activities
of management holding companies. |
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No. of Employees : |
250 |
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 (30.09.2017) |
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
GRANITO ZUCCHI
LTDA.
ADDRESSES
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MAIN ADDRESS: |
AVENIDA JACARAIPE, 1423 A - BAIRRO SÃO FRANCISCO, |
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ZIP CODE/CITY: |
29175-217 - SERRA/ES |
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PHONE: |
27 3243-9666 |
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FAX: |
27 3243-9699 |
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E-MAIL: |
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WEB SITE: |
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EMARK: |
THE INFORMED ADDRESS IS INCOMPLETE. THE CORRECT ONE IS STATED ABOVE |
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BRANCHES: |
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ADDRESS: |
RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM 6 SANTA ROSA - VARGEM GRANDE
SOTURNO, |
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ZIP CODE/CITY: |
29321-000 CACHOEIRO DE ITAPEMIRIM/ES |
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CNPJ: |
39.622.121/0002-91 |
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ADDRESS: |
RUA COMENDADOR ROBERTO UGOLINI, S/Nº. QUADRA IX, SETOR I,,0 LOTE 1/2 -
CIVIT I |
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ZIP CODE/CITY: |
29168-022 SERRA/ES |
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CNPJ: |
39.622.121/0003-72 |
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ADDRESS: |
POLO INDUSTRIAL MARCONI CIPRIANO GAMA, S/Nº. LOTES 24,29 E,30 QUADRA
03 |
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ZIP CODE/CITY: |
29830-000 NOVA VENÉCIA/ES |
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CNPJ: |
39.622.121/0004-53 |
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ADDRESS: |
AVENIDA JACARAIPE, 1423 G, GALPÃO 01, SALA 01 - SÃO FRANCISCO, |
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ZIP CODE/CITY: |
29175-217 SERRA/ES |
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CNPJ: |
39.622.121/0005-34 |
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ADDRESS: |
AVENIDA JACARAIPE, 1423 GALPÃO 01, SALA 02 - SÃO FRANCISCO, |
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ZIP CODE/CITY: |
29175-217 SERRA/ES |
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CNPJ: |
39.622.121/0006-15 |
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ADDRESS: |
RODOVIA GUMERCINDO MOURA NUNES, S/Nº. KM 6 GALPÃO 02, SALA 01, SANTA
ROSA - VARGEM GRANDE DE SOTURNO, |
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ZIP CODE/CITY: |
29321-000 CACHOEIRO DO ITAMEMIRIM/ES |
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CNPJ: |
39.622.121/0007-04 |
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ADDRESS: |
AVENIDA CENTRAL B, S/Nº. LOTES 01 E 02, QUADRA V, - BAIRRO CIVIT II, |
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ZIP CODE/CITY: |
29168-071 SERRA/ES |
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CNPJ: |
39.622.121/0008-87 |
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ADDRESS: |
AV. CENTRAL B, S/N, LOTES 01 E,2 QUADRA V - CIVIT II |
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ZIP CODE/CITY: |
29168-071 SERRA/ES |
LEGAL
DATA
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MAIN ACTIVITIES: |
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QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE ORNAMENTED STONES,
BLOCKS, PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION ON THE ACCOUNT OF
OTHERS AND RENDERING OF SERVICES OF PACKAGING, TRANSPORTATION AS WELL AS ACTIVITIES
OF MANAGEMENT HOLDING COMPANIES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
17/06/1994 |
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REGISTER DATE: |
17/06/1994 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER (CNPJ): |
39.622.121/0001-00 |
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STATE REGISTER: |
081.684.30-4 |
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SHARE CAPITAL: |
R$ 8.905.279,00 |
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LAST REGISTER OF CAPITAL: |
31/08/2008 |
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BOARD OF
DIRECTORS: |
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JOSE JONAS ZUCCHI |
MANAGER |
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RONALDO RIBEIRO DOS SANTOS |
MANAGER |
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LEONARDO DE FREITAS TATAGIBA |
MANAGER |
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RONALDO ANTONIO ZUCCHI |
MANAGER |
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MARIZA DE FATIMA ZUCCHI MENEGHEL |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ZUCHHI PARTICIPAÇÕES S/A |
R$ 8.905.269,00 |
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ZAPHIRA HOLDING S/A |
R$ 10,00 |
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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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EXOTIC MINERAÇÃO LTDA |
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ZUCCHI TRADING LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JUNE 17, 1994 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: ZUCCHI PARTICIPACOES S/A: HEADQUARTERED AT AV. JACARAIPE 1423,SALA 01,
SERRA/ES, REGISTRATION # CNPJ 13.808.776/0001-84 ZAPHIRA HOLDING LTDA: HEADQUARTERED AT AV. JACARAIPE 1423, SALA 01,
SERRA/ES, REGISTRATION # CNPJ 13.707.100/0001-02. REMARK: THE COMPANY REPORTED THAT GRANITO ZUCCHI S/A TOOK OVER POLIMENTO
ITALIANO LTDA., WHICH IS NOT OPERATING ANYMORE, THERE IS ONLY THE BRAND. THE
ADDRESS RODOVIA GUMERCINDO MOURA NUNES, S/N°. KM 06, SANTA ROSA, BAIRRO
VARGEM GRANDE SATURNO, CACHOEIRO DE ITAPERIMIRIM/ES BELONGS TO GRANITO ZUCCHI
AS MAIN ADDRESS BUT WITHOUT ACTIVITIES AND IT STILL LEGALLY EXISTS DUE TO THE
FACT THAT THERE ARE SOME BUREAUCRATIC ISSUES TO BE RESOLVED. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: ---------------- 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. 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. 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.
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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: |
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BANCO DO BRASIL S/A |
1404 |
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BANCO ITAU S/A |
3431-2 |
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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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SUBJECT IS ENGAGED IN THE QUARRYING AND SALE, IMPORT AND EXPORT OF CRUDE
ORNAMENTED STONES, BLOCKS, PLATES AND TILES, SEMI-FINISHED, INDUSTRIALIZATION
ON THE ACCOUNT OF OTHERS AND RENDERING OF SERVICES OF PACKAGING,
TRANSPORTATION AS WELL AS ACTIVITIES OF MANAGEMENT HOLDING COMPANIES. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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CHINA |
EXPORTS TO:
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CHINA AND EUROPE. |
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FOREIGN CLIENTS: |
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PHONE: |
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ALLIED STONE INC |
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580-931-3388 |
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CLASSIC G. AND MARBLE |
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706-283-0655 |
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NATURAL STONE GALLERY |
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713-778-0888 |
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SUPERIOR G. MARBLE |
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956-227-0748 |
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UNITED MATER INC |
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239-597-7773 |
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VERONA MARBLE |
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214-381-8405 |
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STAFF: |
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THE COMPANY HAS: 250 EMPLOYEES |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1994. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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ABECOM ROLAMENTOS PRODUTOS BORRACHA LTDA |
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AGIS EQUIPAMENTOS E SERVICOS DE INFORMATICA LTDA |
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FAMEX COMERCIAL |
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FERRIERA DI CITTADELLA |
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FRIGELAR COMERCIO E DISTRIBUICAO S.A. |
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GARUVA ABRASIVOS |
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REFRIGERACAO DUFRIO COMERCIO E IMPORTACAO LTDA |
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SANTA FE MADEIRAS |
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SELTIMAR |
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PAYMENT HISTORY: |
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07 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 26.723,00 |
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AMOUNT OF INVOICES PAID: 17 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 8.411,00 |
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HIGHEST CREDIT: R$ 8.411,00 |
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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 |
2 |
3 |
R$ 10.123,62 |
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 66.77 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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BRL |
1 |
INR 18.95 |
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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NIY |
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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.