MIRA
INFORM REPORT
|
Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
AMERICAN MICRO STEEL LTDA |
|
|
|
|
Registered Office : |
Rua Humberto Matarazzo, 2.535 – Vila Maria, 13450-269 Santa Bárbara D’
Oeste / SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
February 01, 1984 |
|
|
|
|
Com. Reg. No.: |
35.202.813.931 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Industry of wires of iron and steel. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company name
AMERICAN MICRO STEEL LTDA.
Address
Rua Humberto Matarazzo, 2.535 – Vila Maria
13450-269 Santa Bárbara D’ Oeste / SP -
Brasil
Phone :
(55-19) 3455 1344 / 1483 / 1858 / 1896
Fax :
(55-19) 3643 8488
E-mail :
administracao@americanmicrosteel.com.br
Web Site: www.americannicrosteel.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: February 01, 1984
Register number #: 35.202.813.931
Tax contributor (CNPJ): 53.293.064/0001-94
Registered Capital: R$390.000,00
State Registration #: 606.027.305.110
Number of employees: 37
History
Established on February 01, 1984, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under #35.202.813.931, with the registered name of American Micro Steel Indútria e Comércio Ltda. On June 01, 1989 he subject changed to the present registered name.
Partnership
/ Management: (Joined 02/1984)
Irineu Laurenciano -
33,4%
Brazilian,
Married, CPF: 185.401.478-15
Wilson Sega -
33,3%
Brazilian, Separated
judicially, CPF: 772.688.658-72
Walter Jose Ganciar -
33,3%
Brazilian, Separated judicially, CPF: 600.389.508-04
Properties
Own building, total area: 5.000 m², built up area: 2.500 m², valued at R$1. 500.000,00
Other properties:
Owner: Wilson Sega
Properties, valued at R$100.000,00
Registered
line of business:
Industry of wires of iron and steel.
Main Products:
100% - Wire of stainless steel
Import
countries:
Not informed.
Export
countries:
Not informed.
Purchases:
60% - Domestic market
40% - International market
Sales:
100% - Domestic market
Related Companies
Stock participation:
PENTES AMERICANA LTDA. -
CNPJ:45.753.746/0001-04
- Walter José Ganciar - 50,0%
- Wilson Sega -
50,0%
CONSTRUTORA CONTATTO LTDA. - CNPJ:
00.611.729/0001-02
- WiLson Sega -
33,30%
CONSTRUTORA SEGA LTDA. - CNPJ: 07.570.304/0001-33
- Wilson Sega -
65,0%
AGROPECUÁRIA AMERICANA LTDA. - CNPJ:
43.974.542/0001-78
- Wilson Sega - 72,7%
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.
Balance sheet information for fiscal year
ending:
31/12/2006 – US$1.00 = R$2,138
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Units of) Reais R$:
Assets
|
2006 |
2005 |
2004 |
|
Current Assets |
969.800 |
1.336.715 |
1.953.739 |
|
Inventory |
603.262 |
1.198.187 |
1.710.665 |
Other Assets
|
366.538 |
138.528 |
243.074 |
Fixed
Assets
|
562.591 |
547.687 |
592.051 |
Investment
|
562.591 |
547.687 |
592.051 |
Total
Assets
|
1.532.391 |
1.884.402 |
2.545.790 |
Liabilities
|
2006 |
2005 |
2004 |
Current Liabilities
|
591.064 |
1.233.582 |
2.090.232 |
|
Suppliers |
480.862 |
914.089 |
1.982.247 |
Other liabilities
|
110.202 |
329.493 |
107.985 |
Net Equity
|
664.143 |
443.558 |
455.558 |
Capital
|
390.000 |
390.000 |
390.000 |
Reserves
|
274.143 |
53.558 |
65.558 |
Total
Liabilities
|
1.532.391 |
1.884.402 |
2.545.790 |
Income Statement
|
2006 |
2005 |
2004 |
Annual Net
Sales
|
7.461.751 |
7.920.263 |
6.305.167 |
Gross
Income
|
3.185.305 |
3.181.179 |
896.172 |
Operating
Income
|
485.329 |
344.255 |
158.914 |
Net Income
|
220.586 |
98.536 |
14.190 |
Financial Analysis
|
2006 |
2005 |
2004 |
Current Ratio
|
1,64 |
1,08 |
1,21 |
Current Debt Ratio
|
0,88 |
2,78 |
4,58 |
Total Debt Ratio
|
2,30 |
4,24 |
5,58 |
Working Capital
|
$378.736 |
$103.133 |
$(136.493) |
(Dollar rate US$1.00 = R$1,744 on 31/10/2007).
Banking
Banco Itaú S/A. -
branch - 0338
Banco do Brasil S/A. -
branch - 0459
Banco ABN Amro Real S/A. -
branch - 0585
Remark: banking comments could not be obtained due to legal restrictions from the Brazilian Law.
No returned checks were found either in the name of the company or partners.
Insurance
Not informed.
Payment information
*Information obtained from outside sources and
public consulted.
01-invoice
Information on purchases:
SEP/2007 Last: R$316 Average: R$175
0
FEB/2007 Highest: R$5.770 Average: R$1.993
Information on accumulation:
FEB/2007 Highest: R$5.770 Average: R$1.993
100% - Prompt payments
Trade References
Main
Suppliers:
Gerdau Aços Especiais S/A.
Air Products Brasil Ltda.
Diambra Superabrasivos Ltda.
Main
clients:
Neumayer Tekfor Automotive Brasil Ltda.
Scheuermann & Heilig do Brasil Mnolas e
Peças Metalicas
Public Records Information
No negative information was found.
Remarks
The information in this report were obtained from outside sources and public records consulted.
Final Opinion
Despite the loss in the 1998’s balance sheet, we believe it may be
possible to have good trade relation with the subject company with amounts that
fit to its economic-financial resources.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)