MIRA
INFORM REPORT
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Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
MARES COMERCIAL LTD |
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Registered Office : |
Rua Lima e Silva, 727/743 – Ipiranga, 04215-020 – São Paulo/SP |
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Country : |
Brazil |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
14.02.1989 |
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Com. Reg. No.: |
35.208.448.551 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade of office goods and of stationery |
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 : |
Regular |
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Litigation : |
Clear |
Head information
Company name
MARES COMERCIAL LTDA
Trade Name
MARES
Address
Rua Lima e Silva, 727/743 - Ipiranga
04215-020 – São Paulo/SP - Brasil
Phone : (55-11) 6166-0422 / 6160-0338
Fax : (55-11) 2274-4403
E-mail : mares@mares.com.br
Web Site : www.mares.com.br
Legal information
Legal Status : Private Limited Company
Incorporation date : February 14, 1989
Register number : 35.208.448.551
Tax contributor (CNPJ) : 60.044.070/0001-73
Registered capital : R$500.000,00
State Registration # : 112.268.538.119
Number of employees : 22
History
Established on February 14, 1989, chartered at the State Commerce
Registration Office of São Paulo (JUCESP) under # 35.208.448.551, into the present registered name.
Partnership / Management:
APARECIDA DAINEZ OLIVER - 40%
Brazilian, Married, CPF: 762.132.508-91
PAULO OLIVER FERNANDES - 40%
Brazilian, Married, CPF: 578.703.738-34
SÉRGIO DAINEZ OLIVER - 10%
Brazilian, Married, CPF: 260.447.378-02
BRUNO DAINEZ OLIVER - 10%
Brazilian, Married, CPF: 215.782.828-10
Properties
Own building
Other properties:
Owner: Paulo Oliver Fernandes
Properties, valued at R$1.030.000,00
Owner: Sergio Dainez Oliver
Properties, valued at R$150.000,00
Registered line of business:
Wholesale trade of office goods and of stationery
Main Products:
65% - Transparency for copy
20% - Layers of PVC
10% - Films for isolation
5% - Spirals
Purchases:
40% - Domestic market
60% - International market
Sales:
Domestic market
Related Companies
Stock participation: Not informed
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged to file financial accounts for public inspection. However, they provided the the Quarterly balance sheet year 2006:
Balance sheet years 2004 and 2005 was obtained through outside sources consulted.
Quarterly balance sheet as of 30/06/2006 – US$1.00 = R$2,164
Balance sheet information for fiscal year ending:
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
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Assets |
06/2006 |
2005 |
2004 |
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Current Assets |
2.008 |
2.464 |
3.814 |
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Inventory |
375 |
1.252 |
2.382 |
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Other Assets |
1.633 |
1.212 |
1.432 |
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Long Term Assets |
1 |
1 |
1 |
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Fixed Assets |
231 |
164 |
156 |
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Immovable |
231 |
164 |
156 |
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Total Assets |
2.240 |
2.629 |
3.971 |
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Liabilities |
06/2006 |
2005 |
2004 |
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Current Liabilities |
1.597 |
1.872 |
3.156 |
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Suppliers |
1.386 |
1.439 |
1.643 |
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Other liabilities |
211 |
433 |
1.513 |
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Long Term Liabilities |
0 |
102 |
128 |
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Net Equity |
643 |
655 |
687 |
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Capital |
300 |
300 |
300 |
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Accumulated Profit
(Loss) |
343 |
355 |
387 |
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Total Liabilities |
2.240 |
2.629 |
3.971 |
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Income Statement |
06/2006 |
2005 |
2004 |
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Annual Net Sales |
0 |
9.505 |
10.502 |
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Gross Income |
0 |
2.181 |
1.620 |
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Operating Income |
0 |
36 |
19 |
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Net Income |
0 |
36 |
19 |
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Financial Analysis |
06/2006 |
2005 |
2004 |
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Current Ratio |
1,25 |
1,31 |
1,20 |
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Current Debt Ratio |
2,48 |
2,85 |
4,59 |
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Total Debt Ratio |
3,48 |
4,01 |
5,78 |
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Working Capital |
$411 |
$592 |
$658 |
(Dollar rate US$1.00 = R$2,033 on 05/04/2007).
Complementary information
Invoices year 2006 in reais (R$)
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Months: |
Value: |
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January |
857.030,36 |
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February |
749.528,27 |
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March |
976.761,75 |
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April |
908.148,65 |
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May |
1.179.420,94 |
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June |
987.881,92 |
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July |
865.679,21 |
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August |
1.170.826,70 |
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September |
953.128,30 |
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October |
993.472,30 |
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November |
984.401,77 |
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December |
747.464,50 |
Banking
HSBC Bank Brasil S/A. - branch 0406 São Paulo/SP
Phone: (55-11) 2273-2777
Banco Itaú S/A. - branch 0001 São Paulo/SP
Phone: (55-11) 6163-0002
Banco do Brasil S/A. - branch 1203-3 São Paulo/SP
Phone: (55-11) 6914-5644
Remark: banking comments could not be obtained due to legal restrictions from the Brazilian Law.
Up to April 05, 2007 no returned checks were found either in the name of the company or partners.
Insurance
Not have
Payment information
46 invoices
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Information on purchases: |
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NOV/2006 |
Last: |
R$62 |
Average: |
R$2.813 |
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Information on invoicing: |
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JUL/2006 |
Highest: |
R$3.160 |
Average: |
R$1.851 |
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Information on accumulation: |
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MAR/2006 |
Highest: |
R$16.225 |
Average: |
R$5.096 |
100% - prompt payments
Trade References
Main Suppliers:
PLASTICLEAN RECICLAGEM LTDA - São Paulo/SP
Phone: (55-11) 3621-5984
NAMIGRAF GRAF EDIT EMBALAGENS LTDA - São Paulo/SP
Phone: (55-11) 2274-0942
TORNADO COM IND DE PLÁSTICOS LTDA - São Paulo/SP
Phone: (55-11) 6946-8393
BADGE COMERCIAL DE PLÁSTICOS LTDA-EPP
BAR E MERCEARIA DOURADO & DOURADO LTDA-ME
BMP COMERCIAL LTDA
Main clients:
FOTOQUÍMICA HEXA IND E COM DE PROD QUÍM LTDA
METALGAMICA PRODUTOS GRÁFICOS LTDA
OFFICE NET DO BRASIL S/A
IMAGECLEAR COMERCIAL LTDA-ME
Public Information
Up to April 05, 2007, no negative information was found.
Remarks
Subject provided general information and balance sheet year 2006.
Others sources: public records consulted
Final Opinion
We believe it may be possible to have trade relation with the subject company with amounts that fit to its economic-financial resources, under usual terms. When higher amounts are involved we recommend dealing under secured terms.
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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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)