MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
DANNY
COMMERCIO IMPORTACAO E EXPORTACAO LTDA |
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Registered Office : |
Rua Bernardino Daurio, 208, Jardim
Tremembe, Sao Paulo, 02349000 Brazil |
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Country : |
Brazil |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
22.01.1988 |
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Com. Reg. No.: |
256.932.050 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesale trade of goods in general without predominance of goods for
use in the agricultural |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
Danny Commercio Importacao and Exportacao
Ltda
Rua Bernardino Daurio
208, Jardim Tremembe,
Sao Paulo,
02349000
Brazil
Head information
Company name :
DANNY COMÉRCIO, IMPORTAÇÃO E EXPORTAÇÃO LTDA
Trade Name :
DANNY
Address :
Rua Bernardino Dauria, 208 – Jardim Leonor Mendes
02349-000 – São Paulo/SP - Brasil
Phone :
(55-11) 6953-5766 / 6263-0707
Fax :
(55-11) 6991-8937
E-mail :
rita.cassia@danny.com.br
Web Site :
www.danny.com.br
Legal information
Legal Status : Private Limited Company
Incorporation date : January 22, 1988
Register number : 256.932.050
Tax contributor (CNPJ) : 58.533.209/0001-09
Registered capital : R$1.000.000,00
State Registration #:112.200.482.110
Number of employees : Not informed
History
Established on January 22, 1988,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) under
# 256.932.050, into the present registered name.
Partnership
/ Management:
NIELZER DE OLIVEIRA SUDRE (joined 01/1988) - 50%
Brazilian, Married, CPF: 112.819.017-68
RITA DE LOURDES CONSOLO SUDRE (joined 08/1988) - 50%
Brazilian, Married, CPF: 034.902.948-23
Properties
Not informed
Registered line of business
Wholesale trade of goods in general without
predominance of goods for use in the agricultural
Purchases/Sales
Domestic market
Related Companies
Stock participation:
PORTEX IMPORTAÇÃO E EXPORTAÇÃO LTDA
CNPJ: 07.606.966/0001-16
- Nielzer de Oliveira Sudre - 50,00%
Financial Data
According to the Brazilian Law
Private Limited Companies are not obliged to file financial accounts for public
inspection.
The following financial statement
was obtained through outside sources consulted.
Interim balance sheet as of 31/08/2006 – US$1.00
= R$2,139
Balance sheet information for fiscal year
ending:
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
ASSETS
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08/2006 |
2005 |
2004 |
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Current Assets |
3.424 |
2.994 |
2.576 |
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Account Receivable |
2.332 |
2.115 |
1.579 |
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Inventory |
406 |
511 |
810 |
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Other Assets |
686 |
368 |
187 |
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Fixed Assets |
189 |
210 |
210 |
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Investment |
66 |
66 |
66 |
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Immovable |
123 |
144 |
144 |
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Total Assets |
3.613 |
3.204 |
2.786 |
LIABILITIES
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08/2006 |
2005 |
2004 |
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Current Liabilities |
1.499 |
1.656 |
2.065 |
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Suppliers |
486 |
645 |
856 |
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Other liabilities |
1.013 |
1.011 |
1.209 |
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Long
Term Liabilities |
0 |
0 |
366 |
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Net Equity |
2.114 |
1.548 |
355 |
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Capital |
1.000 |
1.000 |
200 |
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Accumulated Profit (Loss) |
1.114 |
548 |
155 |
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Total Liabilities |
3.613 |
3.204 |
2.786 |
INCOME Statement
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08/2006 |
2005 |
2004 |
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Annual Net Sales |
14.413 |
19.860 |
16.630 |
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Gross Income |
7.387 |
8.321 |
6.678 |
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Operating Income |
1.749 |
2.687 |
1.178 |
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Net Income |
1.307 |
1.848 |
566 |
FINANCIAL Analysis
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08/2006 |
2005 |
2004 |
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Current
Ratio |
2,28 |
1,80 |
1,24 |
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Current
Debt Ratio |
0,70 |
1,06 |
5,81 |
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Total
Debt Ratio |
1,70 |
2,06 |
7,84 |
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Working
Capital |
$1.925 |
$1.338 |
$511 |
(Dollar rate US$1.00 = R$2,162 on 20/11/2006).
Banking
Banco do
Bradesco S/A. - branch 1743
Banco do
Bradesco S/A. - branch 0651
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
Up to
November 20, 2006 no returned checks were found either in the name of the
company or partners.
Insurance
Not informed
Payment information
64 invoices
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Information
on purchases: |
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OCT/2006 |
Last: |
R$40
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Average: |
R$1.027
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Information
on invoicing: |
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NOV/2005 |
Highest: |
R$7.756
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Average: |
R$3.013
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Information on accumulation:
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NOV/2005 |
Highest: |
R$19.180
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Average: |
R$7.788
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93% - prompt payments
4% - delays from 06 up to 15 days
3% - delays from 31 up to 60 days
Trade References
Main
Suppliers:
PAPELARIA AS AMERICAS LTDA
ROTAG ARTES GRÁFICAS LTDA – EPP
RM DE FREITAS ALVES LUVAS-ME
Main Clients:
CIA BRASILEIRA DE DISTRIBUIÇÃO
ROBERT BOSCH LTDA
PERDIGÃO AGROINDUSTRIAL S/A
GENERAL MOTORS DO BRASIL LTDA
Public Information
Up to November 20, 2006, no negative information
was found.
Remarks
Contacted Mrs. Rita de Cássia, we requested the balance
sheet of 2005/2004/2003, however until the moment we didn't receive an answer.
The information in this report were obtained from outside
sources and public records.
Final Opinion
Based on the over all information available, the company can be considered
normal for business dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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