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MIRA INFORM REPORT
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Report No. : |
508348 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BRASIGRAN BRASILEIRA DE GRANITOS LTDA |
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Registered Office : |
Rua 3 B, Nº. 115 - Bairro Civit II 29168-069 - Serra/Es |
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Country : |
Brazil |
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Date of Incorporation : |
18.12.1989 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Quarrying, cutting, shaping and finishing of marble and
granite. |
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No. of Employees : |
203 |
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
BRASIGRAN BRASILEIRA DE
GRANITOS LTDA
ADDRESSES
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MAIN ADDRESS:
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RUA 3 B, Nº. 115 - BAIRRO CIVIT II |
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ZIP CODE/CITY: |
29168-069 - SERRA/ES |
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PHONE: |
27 2124-4700 |
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FAX: |
27 2124-4716 |
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E-MAIL: |
financeiro@brasigran.com.br |
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WEB SITE: |
www.brasigran.com.br |
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INQUIRY
DETAILS: |
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GIVEN ADDRESS |
RUA 3B, NO 115-CIVIT II-SERRA-ES CEP 29168-031 |
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CORRECT ADDRESS |
THE REQUESTED ADDRESS IS INCOMPLETE. THE
CORRECT ADDRESS IS STATED ABOVE |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL
DATA
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MAIN
ACTIVITIES: |
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QUARRYING, CUTTING, SHAPING AND
FINISHING OF MARBLE AND GRANITE. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
18/12/1989 |
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REGISTER DATE: |
18/12/1989 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
32.476.525/0001-94 |
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STATE REGISTER: |
081.332.89-0 |
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SHARE CAPITAL: |
R$ 1.180.577,00 |
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BOARD OF
DIRECTORS: |
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ABIMAEL DOS ANJOS SOUZA JUNIOR |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE
COMPANY.
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SHAREHOLDERS
/ PARTNERS: |
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GIULIO MALENZA |
51,01% |
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UMBERTO MALENZA |
16,33% |
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RENATA MALENZA |
16,33% |
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GIULIANO MALENZA |
16,33% |
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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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MINERAL GROUP PARTICIPAÇÕES LTDA |
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CORCOVADO EXOTICO GRANITOS LTDA |
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CORCOVADO GRANITOS LTDA |
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MINERAÇÃO CORCOVADO DE MINAS LTDA |
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MONTE D OURO MINERACAO LTDA |
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METAL BOART EQUIPAMENTOS E FERRAMENTAS LTDA |
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GRANITE GROUP PARTICIPAÇÕES LTDA |
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MONTE D OURO MINERACAO LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON DECEMBER
18, 1989 AS BRASIGRAN BRASILEIRA DE GRANITO S/A., TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. ON AUGUST 10, 1999 IT ADOPTED THE ABOVE-MENTIONED NAME. TRADE NAME: BRASIGRAN PARTNERS / MANAGER: GIULIO MALENZA: ITALIAN, SINGLE,
RESIDENTIAL ADDRESS AT RUA LENITA MONTEIRO CRUZ 03, VITORIA/ES, HOLDER OF
DOCUMENTS CPF 252.355.087-34, RG W 369.345-M SE/DPMF. UMBERTO MALENZA: BRAZILIAN, MARRIED,
RESIDENTIAL ADDRESS AT RUA CONSTANTE SODRE 840, APTO 901, VITORIA/ES, HOLDER
OF DOCUMENTS CPF 068.893.747-3, RG 1.296.219 SSP/ES. RENATA MALENZA: : BRAZILIAN, MARRIED,
RESIDENTIAL ADDRESS AT RUA HUMBERTO DE PAULA 101, APTO 801, VITORIA/ES,
HOLDER OF DOCUMENTS CPF 068.950.907-37, RG 1.296.276 SSP/ES. GIULIANO MALENZA: BRAZILIAN, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 088.838.487-54; ABIMAEL DOS ANJOS SOUZA JUNIOR:
BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENT CPF 862.935.595-68.. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE
INTERVIEWED MRS. SONIA, 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 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. 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 |
3431 |
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BANCO BRADESCO S/A |
2197 |
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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,
CUTTING, SHAPING AND FINISHING OF MARBLE AND GRANITE. NATIONAL INDUSTRY CLASSIFICATION CODE(S)
(CNAE): 23.91-5-03 - SHAPING AND FINISHING OF
MARBLE, GRANITE, SLATE AND OTHER STONES |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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CHINA |
EXPORTS TO:
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CHINA |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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DENT TRADING CO INC |
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IMPORT STONE INC |
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MONT GRANITE |
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STONEWOOD |
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STAFF: |
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THE COMPANY HAS: 203 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED
COMPANY, OPERATING SINCE 1989. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL
PAYMENT BEHAVIOR. IT IS A FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE
PRINCIPALS ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES. 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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ITA ROCA ATLANTIS MINERAÇÃO LTDA |
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JOSE TADEU GUIDONI |
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MINERAÇÃO CRISTALINO CARNEIRO LTDA |
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MONTE SIÃO GRANITOS IMP E P LTDA ME |
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PEMAGRAN PEDRAS MÁRMORES E GRANITOS LTDA |
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STONEQUARRIES DO BRASIL LTDA |
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PAYMENT
HISTORY: |
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7 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 68.320,00 |
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AMOUNT OF INVOICES PAID: 23 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 8.250,00 |
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HIGHEST CREDIT: R$ 10.298,00 |
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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 |
2 |
R$ 4.568,73 |
FINAL
OPINION
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THE SUBJECT IS A WELL-ESTABLISHED
COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY
AND MODEST PAYMENT BEHAVIOR. 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 67.72 |
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1 |
INR 91.65 |
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Euro |
1 |
INR 79.89 |
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BRL |
1 |
INR 18.19 |
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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VAR |
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Report Prepared
by : |
TRU |
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.