MIRA
INFORM REPORT
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Report Date : |
30th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MARES COMERCIAL LTDA |
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Registered Office : |
Rua
Lima e Silva, 743 – Ipiranga 04215-020 – São Paulo/SP - Brasil |
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Country : |
Brasil |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
20.01.1989 |
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Com. Reg. No.: |
175.130.061 |
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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, 743 – Ipiranga 04215-020 – São Paulo/SP - Brasil
Tele/Fax :
(55-11) 6166-0422 / 6160-0338
E-mail : mares@mares.com.br, cobranca@mares.com.br
Web Site :
www.mares.com.br
Legal information
Legal Status : Private Limited Company
Incorporation date : January 20, 1989
Register number : 175.130.061
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 January 20, 1989,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) under
# 175.130.061, 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
SERGIO 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.
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
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2005 |
2004 |
2003 |
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Current
Assets |
2.464 |
3.814 |
1.954 |
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Inventory |
1.252 |
2.382 |
1.596 |
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Other
Assets |
1.212 |
1.432 |
358 |
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Long Term Assets |
1 |
1 |
0 |
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Fixed Assets |
164 |
156 |
50 |
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Immovable |
164 |
156 |
50 |
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Total Assets |
2.629 |
3.971 |
2.004 |
Liabilities
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2005 |
2004 |
2003 |
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Current Liabilities |
1.872 |
3.156 |
1.268 |
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Suppliers |
1.439 |
1.643 |
971 |
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Other liabilities |
433 |
1.513 |
297 |
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Long Term Liabilities |
102 |
128 |
47 |
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Net Equity |
655 |
687 |
689 |
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Capital |
300 |
300 |
160 |
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Accumulated Profit (Loss) |
355 |
387 |
529 |
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Total Liabilities |
2.629 |
3.971 |
2.004 |
Income Statement
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2005 |
2004 |
2003 |
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Annual Net Sales |
9.505 |
10.502 |
5.762 |
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Gross Income |
2.181 |
1.620 |
1.273 |
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Operating Income |
36 |
19 |
64 |
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Net Income |
36 |
19 |
66 |
Financial Analysis
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2005 |
2004 |
2003 |
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Current
Ratio |
1,31 |
1,20 |
1,54 |
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Current
Debt Ratio |
2,85 |
4,59 |
1,84 |
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Total
Debt Ratio |
4,01 |
5,78 |
2,90 |
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Working
Capital |
$592 |
$658 |
$686 |
(Dollar rate US$1.00 = R$2,136 on 26/01/2007).
Banking
HSBC
Bank Brasil S/A. - branch 0406
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
Up to January 26, 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
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Average: |
R$2.813
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Information
on invoicing: |
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JUL/2006 |
Highest: |
R$3.160
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Average: |
R$1.851
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Information on accumulation:
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MAR/2006 |
Highest: |
R$16.225
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Average: |
R$5.096
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100% - prompt payments
Trade References
Main
Suppliers:
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 QUÍMICOS
LTDA
METALGAMICA PRODUTOS GRÁFICOS LTDA
OFFICE NET DO BRASIL S/A
IMAGECLEAR COMERCIAL LTDA-ME
Public Information
Up to January 26, 2007, no negative information
was found.
Remarks
Contacted Mr. Leandro, we requested the balance sheet of
2006/2005/2004, 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
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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