MIRA
INFORM REPORT
|
Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
SUPER
MERCADO ZONA SUL S/A |
|
|
|
|
Registered Office : |
Rua Comandante Vergueiro Cruz, 226 –
Olaria 21021-020 – Rio de Janeiro/RJ - Brasil |
|
|
|
|
Country : |
Brasil |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
04.07.1959 |
|
|
|
|
Com. Reg. No.: |
1.290.343 |
|
|
|
|
Legal Form : |
Joint Stock Company
(Closed Capital) |
|
|
|
|
Line of Business : |
Supermarket |
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 |
Head information
Company name :
SUPER MERCADO ZONA SUL S/A
Address :
Rua Comandante Vergueiro Cruz, 226 - Olaria
21021-020 – Rio de Janeiro/RJ - Brasil
Phone :
(55-21) 2209-1348 / 1212
Fax :
(55-21) 2209-1334 / 2584-2288
E-mail :
faleconosco@zonasul.com.br
Web site : www.zonasul.com.br
Legal information
Legal Status : Joint Stock
Company (Closed Capital)
Incorporation date : July 04, 1959
Register number : 1.290.343
Tax contributor (CNPJ) : 33.381.286/0001-51
Registered capital : R$46.600.000,00
State Registration : #:81.916.527
Number of employees : 3.616
Branches : 43 – State of Rio de Janeiro
History
Established on July 04, 1959,
chartered at the State Commerce
Registration Office of Rio de
Janeiro (JUCERJA) under # 1.290.343, as Super Mercado Zona Sul Ltda. On January
05, 1988 it changed to the present one.
“The company incorporated in April,
2002 Bolivar 68 Sucos Lanchonete Ltda”.
Partnership:
FRANCESCO LETA -
45,0%
(joined 07/1959), Italian, CPF: 003.356.577-53
MÁRIO LETA -
40,0%
(joined 04/1961), Italian, CPF:
003.356.817-00
FORTUNATO FERNANDO LETA - 15,0%
(joined 07/1977), Brazilian, CPF: 371.634.427-34
Management:
(04/2006 up to 04/2007)
FORTUNATO FERNANDO LETA - President Director
Brazilian, Married, CPF: 371.634.427-34.
MARCEL SAPIR -
Vice President Director
Brazilian, Married, CPF: 805.225.727-15
MÁRIO LETA -
Vice President Director
Italian, Married, CPF: 003.356.817-00.
JAIME REGUEIRA COSTA XAVIER - Director
Brazilian, Married, CPF: 040.838.734-34.
CELIA MOREIRA DA SILVA PERES - Director
Brazilian, Married, CPF: 728.880.597-20.
MARCO ANTÔNIO MONTALEÃO BOUZON - Director
Brazilian, Married, CPF: 400.979.007-53.
Properties
Properties, valued at R$1.256.198,00
Registered
line of business:
Supermarket
Main products:
Glocery Store: -
50%
Dairy products: -
30%
Butcher: -
20%
Related Companies
Stock Participation:
AGRO PECUÁRIA FLETA LTDA
CNPJ: 27.719.400/0001-08
- Francesco Leta - 34,00%
- Mário Leta -
33,00%
- Fortunato Fernando Leta -
33,00%
MAM BOUZON ARTIGOS DE VESTUÁRIO E ESPORTES
CNPJ: 08.266.588/0001-31
- Marco Antônio Montaleão Bouzon -100,00%
IMOBILIÁRIA FLETA LTDA
CNPJ: 31.651.938/0001-03
- Fortunato Fernando Leta -
33,40%
- Francesco Leta - 23,30%
- Mário Leta -
23,30%
IMPORTADORA E EXPORTADORA FLETA LTDA
CNPJ: 42.412.965/0001-31
- Mário Leta -
25,00%
- Fortunato Fernando Leta -
25,00%
Financial Data
Subject declined to disclose information according to the
policies of the company.
The following financial statement
was obtained through outside sources consulted.
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
31/12/2003 – US$1.00 = R$2,889
Figures are in (Thousands of) Reais R$:
Assets
|
|
2005 |
2004 |
2003 |
|
Current Assets |
120.801 |
108.016 |
86.737 |
|
Inventory |
30.710 |
29.653 |
28.317 |
Other Assets
|
90.091 |
78.363 |
58.420 |
Fixed Assets
|
49.402 |
46.153 |
40.250 |
Investment
|
4.776 |
4.275 |
5.619 |
|
Immovable |
42.237 |
40.225 |
33.582 |
|
Deferred |
2.389 |
1.653 |
1.049 |
Total Assets
|
170.203 |
154.169 |
126.987 |
Liabilities
|
|
2005 |
2004 |
2003 |
Current Liabilities
|
70.106 |
65.321 |
54.021 |
|
Suppliers |
45.690 |
43.582 |
33.739 |
|
Other
liabilities |
24.416 |
21.739 |
20.282 |
|
Long Term Liabilities |
16.059 |
16.087 |
14.752 |
Net Equity
|
84.038 |
72.761 |
58.214 |
Capital
|
37.600 |
31.600 |
25.600 |
Reserves
|
4.934 |
4.371 |
5.054 |
Accumulated Profit (Loss)
|
41.504 |
36.790 |
27.560 |
Total Liabilities
|
170.203 |
154.169 |
126.987 |
Income Statement
|
|
2005 |
2004 |
2003 |
Annual Net Sales
|
546.636 |
491.608 |
477.711 |
Gross Income
|
179.778 |
154.168 |
144.990 |
Operating Income
|
18.019 |
19.814 |
12.159 |
Net Income
|
11.277 |
13.189 |
7.061 |
Financial Analysis
|
|
2005 |
2004 |
2003 |
Current Ratio
|
1,72 |
1,65 |
1,61 |
Current Debt Ratio
|
0,83 |
0,89 |
0,93 |
Total Debt Ratio
|
2,02 |
2,11 |
2,18 |
Working Capital
|
$50.695 |
$42.695 |
$32.716 |
(Dollar rate US$1.00 = R$2,137 on 23/01/2007).
Banking
Banco Itaú S/A branch. 0571
Unibanco S/A branch.
0161
Banco Bradesco S/A branch. 1417
Caixa Econômica Federal S/A branch. 0588
Banco Safra S/A branch. 0047
Banco Sudameris Brasil S/A branch. 0506
Remark: banking comments
could not be obtained due to legal restrictions from the Brazilian Law.
Up to January 23, 2007 no returned checks were found either
in the name of the company or partners.
Payment Information
2.922 Invoices
|
Information
on purchases: |
||||
|
JAN/2007 |
Last: |
R$3.644
|
Average: |
R$6.384
|
|
Information
on invoicing: |
||||
|
JUL/2006 |
Highest: |
R$228.736
|
Average: |
R$15.378
|
Information on accumulation:
|
||||
|
MAY/2006 |
Highest: |
R$1.577.474
|
Average: |
R$79.238
|
99% - prompt payments
1% -
delays from 06 up to 15 days
Public Information
Up to January 23, 2007, negative information was
found.
02 protested bills:
19/12/2006 R$1.230,00 Rio de Janeiro/RJ
21/11/2006 R$1.230,00 Rio de Janeiro/RJ
Trade References
Main
Suppliers:
BAYER S/A
CERAS JOHNSON LTDA
PEPSICO DO BRASIL LTDA
ALMARPACK COM E INDÚSTRIA LTDA
SANIBRAS DISTRIBUIDORA DE BEBIDAS LTDA
PALHETA S/A PRODUTOS ALIMENTÍCIOS
Main
clients:
Not informed
Remarks
Subject
declined to disclose any kind of information according to the policies of the
company.
With relationship to
the address mentioned in your request, it is the following:
We
contacted Mrs. Edileusa - Financial Department, informed that the Supermarket
South Zone, only operates in the area of the South Zone in the state of Rio de
Janeiro. It doesn't possess units in São Paulo.
The information in this report were obtained from outside
sources and public records consulted.
Final Opinion
Based on the over all information
available it is believed that the subject is worthy for credit operations. A
credit limits of $ 200 000 Rands – 300 000 Rands over 30 days is considered to
be feasible.
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/normal. |
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 |
|