MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
CRONIMET BRASIL LTDA |
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Registered Office : |
Av. Engenheiro Roberto Zuccolo, 255–Vila Leopoldina, 05307-190 – São Paulo/SP |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
July 28, 1999 |
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Com. Reg. No.: |
35.215.862.499 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade of residues and metallic scraps |
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 |
Company name
CRONIMET BRASIL LTDA
Address
Av. Engenheiro Roberto Zuccolo, 255–Vila
Leopoldina
05307-190 – São Paulo/SP - Brasil
Phone/Fax: (55-11)
3839-4500 / 3837-9184
E-mail: irmamendes@uol.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: July 28, 1999
Register number: 35.215.862.499
Tax contributor (CNPJ): 03.374.355/0001-39
Registered capital: R$50.000,00
State Registration #: 115.616.068.116
Number of employees: Not informed
History
Established on July 28, 1999, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.215.862.499, into the present registered name.
Partnership:
RONALD LLOYD KANN - 30%
(joined 07/1999), American, Married, CPF:
920.424.148-91
Other Partnership - 70%
Management: (joined 07/1999)
RONALD LLOYD KANN - Shareholder Director
MARIA HELENA LEONARDI - Procutator
Brazilian, Divorced, CPF: 389.591.278-68
Properties
Not informed
Registered
line of business:
Wholesale trade of residues and metallic
scraps
Purchases/sales:
Domestic market
Related Companies
Stock participation:
GUCCI BRASIL IMPORTAÇÃO E EXPORTAÇÃO LTDA
CNPJ: 08.338.986/0001-16
- Maria Helena Leonardi - 100,00%
CNPJ: 08.050.022/0001-78
- Ronald Lloyd Kann -
24,50%
INTERMETAL COMÉRCIO IMPORTAÇÃO E EXPORTAÇÃO
CNPJ: 07.549.016/0001-05
- Ronald Lloyd Kann -
50,00%
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged to file financial accounts for public inspection. Themselves declined to disclose any kind of financial data.
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$2,654
Figures are in (Thousands of) Reais R$:
Assets
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2005 |
2004 |
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Current Assets |
10.607 |
8.937 |
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Inventory |
4.226 |
3.036 |
Other Assets
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6.381 |
5.901 |
Fixed
Assets
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610 |
707 |
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Immovable |
610 |
707 |
Total
Assets
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11.217 |
9.644 |
Liabilities
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2005 |
2004 |
Current
Liabilities
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1.545 |
1.647 |
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Suppliers |
350 |
807 |
Other liabilities
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1.195 |
840 |
Long Term
Liabilities
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5.559 |
4.175 |
Net Equity
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4.113 |
3.822 |
Capital
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50 |
50 |
Accumulated Profit (Loss)
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4.063 |
3.772 |
Total
Liabilities
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11.217 |
9.644 |
Income Statement
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2005 |
2004 |
Annual Net
Sales
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38.411 |
34.656 |
Gross
Income
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5.776 |
9.106 |
Operating
Income
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1.754 |
3.881 |
Net Income
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290 |
2.803 |
Financial Analysis
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2005 |
2004 |
Current Ratio
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6,86 |
5,42 |
Current Debt Ratio
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0,37 |
0,43 |
Total Debt Ratio
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2,72 |
2,52 |
Working Capital
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$9.062 |
$7.290 |
(Dollar rate US$1.00 = R$1,861 on
18/07/2007).
Remark: It was not possible to find the balance sheet year 2006 through outside sources consulted.
Banking
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.
Insurance
Not informed
Payment information
48 invoices
Information on purchases:
JUN/2007 Last: R$5.706 Average: R$2.622
Information on invoicing:
JUN/2007 Highest: R$5.798 Average: R$2.114
Information on accumulation:
JUN/2007 Highest: R$11.505 Average: R$4.626
98% - prompt payments
2% -
delays from 06 up to 15 days
Trade References
Main
Suppliers:
SERVOIL DERIVADOS DE PETROLEO LTDA
FILIZOLA BALANÇAS INDUSTRIAIS S/A
HDI SEGUROS S/A
PETRO LIDER DERIVADOS DE PETROLEO LTDA
AVANTTI COMBUSTÍVEL LTDA
Main
clients: Not informed
Public Information
No negative information was found.
Remarks
Contacted Mrs. Irma Mendes, Subject declined information and financial figures.
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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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%)