|
|
|
MIRA INFORM REPORT
|
Report No. : |
506153 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL SAFRA COMERCIO ATACADISTA DE ALIMENTOS LTDA |
|
|
|
|
Registered Office : |
Rodovia Br 101 - Sul, Km 70, Nº 550 Galpao La V - V Loja 01 A 04 –
Curado, 50790-900 - Recife/Pe |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
30.11.2010 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of food products in general. |
|
|
|
|
No. of Employees : |
10 |
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 : |
Unknown |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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
|
COMERCIAL
SAFRA COMERCIO ATACADISTA DE ALIMENTOS LTDA |
ADDRESSES
|
|
MAIN ADDRESS: |
RODOVIA
BR 101 - SUL, KM 70, Nº 550 GALPAO LA V - V LOJA 01 A 04 – CURADO, |
|
ZIP
CODE/CITY: |
50790-900
- RECIFE/PE |
|
|
|
|
PHONE: |
81
3249-3007 |
|
E-MAIL: |
sergiochagas@comercialsafra.com |
|
|
|
|
|
|
EMARK: |
THE INFORMED NUMBER REFERS TO THE COMPANY’S
TAXPAYER |
|
BRANCHES: |
|
NOT
AVAILABLE. |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
WHOLESALE OF FOOD PRODUCTS IN GENERAL. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION
DATE: |
30/11/2010 |
|
REGISTER
DATE: |
30/11/2010 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER (CNPJ): |
12.988.833/0001-91 |
|
STATE
REGISTER: |
043500307 |
|
|
|
|
SHARE
CAPITAL: |
R$
250.000,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
PAULO
CESAR MINOSO |
MANAGING
PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF
OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
PAULO
CESAR MINOSO |
98,23% |
|
REGIANE
DOS SANTOS BASTOS |
1,77% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT
AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
QUALLYHORTI COMERCIO
& IMPORTACAO LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 30, 2010 TO
BE ENGAGED IN THE SAID LINE OF BUSINESS. TRADE NAME: "COMERCIAL SAFRA" BUSINESS ADDRESS HAS CHANGED FROM (RODOVIA BR 101 -
SUL, KM 70, Nº,550 GALPAO GV-01, LOJA 15, 16 E 17 - CURADO, RECIFE/PE) TO THE
PRESENT REGISTERED ONE. 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. |
|
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 AS THEY
ARE STILL NOT AUTHORIZED TO DO SO. OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED
NO FINANCIAL DATA ABOUT THE SUBJECT. |
|
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
DO BRASIL 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
|
|
WHOLESALE OF FOOD PRODUCTS IN GENERAL. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 46.39-7-01 - WHOLESALE OF FOOD PRODUCTS IN GENERAL 46.37-1-99 - SPECIALIZED WHOLESALE OF OTHER FOOD
PRODUCTS N.E.C. 46.23-1-09
- WHOLESALE OF ANIMAL FEED |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA |
EXPORTS TO:
|
DOES
NOT HAVE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
NOT
AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 10 EMPLOYEES |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT WAS ESTABLISHED IN 2010. SO FAR IT HAS A
CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
NOT
AVAILABLE. |
|
|
|
PAYMENT HISTORY: |
|
1
SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 25.902,00 |
|
|
|
AMOUNT
OF INVOICES PAID: 2 |
|
TOTAL
OF PROMPT PAYMENTS: 100% |
|
HIGHEST
INVOICE: R$ 12.951,00 |
|
HIGHEST
CREDIT: R$ 12.951,00 |
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 66.78 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
BRL |
1 |
INR 19.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.