MIRA
INFORM REPORT
|
Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
URSUS MÁQUINAS AGRÍCOLAS LTDA |
|
|
|
|
Registered Office : |
Av. Germania, 1.811 – Pavilhão 1 – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
October 04, 2001 |
|
|
|
|
Com. Reg. No.: |
2.516.791 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Industry of tractors and agricultural
implements |
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
URSUS MÁQUINAS AGRÍCOLAS LTDA
Trade Name
URSUS
Address
Av. Germania, 1.811 – Pavilhão 1 -
95150-000 – Nova Petrópolis/RS - Brasil
Phone: (55-54)
3281-6155
Fax: (55-54) 3281-6105
E-mail: administrativo@ursus.com.br
Web Site: www.ursus.com.br (in maintenance)
Legal information
Legal Status: Private Limited Company
Incorporation date: October 04, 2001
Register number: 2.516.791
Tax contributor (CNPJ): 04.745.425/0001-80
Registered capital: R$6.345.100,00
Number of employees: 18
Branches: 01
– in
History
Established on October 04, 2001, chartered at the State
Commerce Registration Office of Rio Grande do Sul (JUCERS) under # 2.516.791, into
the present registered name.
Partnership:
KIRSCHNER PARTICIPAÇÕES SOCIETÁRIAS LTDA - 20%
(joined 04/2004), Brazilian, CNPJ:
03.964.040/0001-41
CARLOS ANTÔNIO DALL AGNO -
20%
(joined 10/2001), Brazilian, Married, CPF:
223.549.560-53
MARCOS GUERRA -
20%
(joined 10/2001), Brazilian, Married, CPF:
010.860.490-04
NESTOR JOSÉ STAPASSOLI -
20%
(joined 10/2001), Brazilian, Divorced, CPF:
146.975.050-34
VALMOR ERNESTO ZANANDREA -
20%
(joined 10/2001), Brazilian, Married, CPF:
029.572.800-00
Management:
CARLOS ANTÔNIO DALL AGNO -
Shareholder Director
MARCOS GUERRA -
Shareholder Director
NESTOR JOSÉ STAPASSOLI -
Shareholder Director
VALMOR ERNESTO ZANANDREA -
Shareholder Director
LEANDRO AREND TEIXEIRA -
Administrator
Brazilian, Married, CPF: 664.960.800-97
Properties
Own building, valued at R$9.500.000,00
Other properties:
Owner: Kirschner Participações Societárias Ltda
Properties, valued at R$333.000,00
Registered
line of business:
Industry of tractors and agricultural
implements
Main Products:
70% - tractors
30% - other products
Import
countries:
Purchases:
60% - Domestic market
40% - International market
Sales:
50% - Domestic market
50% - International market
Related Companies
Stock participation:
A GUERRA IMPLEMENTOS RODOVIÁRIOS
CNPJ: 02.537.376/0001-65
- Marcos Guerra - 50,00%
- Valmor Ernesto Zanandrea -
50,00%
KIRSCHNER PARTICIPAÇÕES SOCIETÁRIAS LTDA
CNPJ: 03.964.040/0001-41
- Leandro Arend Teixeira - 10,00%
ENGEBRAS INCORPORAÇÃO E ADMINISTRAÇÃO
CNPJ: 91.921.155/0001-16
- Carlos Antônio Dall Agno -
25,00%
GUERRA PARTICIPAÇÕES LTDA
CNPJ: 94.683.166/0001-01
- Marcos Guerra - 29,30%
GRAND MASTER TURISMO LTDA
CNPJ: 04.968.005/0001-63
- Kirschner Participações Societárias Ltda - 64,00%
- Leandro Arend Teixeira - 20,00%
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$2,654
Figures are in (Thousands of) Reais R$:
Assets
|
2006 |
2005 |
2004 |
|
Current Assets |
3.782 |
4.281 |
5.063 |
|
Inventory |
1.577 |
2.341 |
2.003 |
Other Assets
|
2.205 |
1.940 |
3.060 |
Long Term
Assets
|
599 |
600 |
0 |
Fixed
Assets
|
6.732 |
6.732 |
6.718 |
|
Immovable |
6.732 |
6.732 |
6.718 |
Total
Assets
|
11.113 |
11.613 |
11.781 |
Liabilities
|
2006 |
2005 |
2004 |
Current
Liabilities
|
2.328 |
1.779 |
1.316 |
|
Suppliers |
290 |
170 |
669 |
|
Other liabilities |
2.038 |
1.609 |
647 |
Long Term
Liabilities
|
3.097 |
4.060 |
5.845 |
Net Equity
|
5.688 |
5.774 |
4.620 |
Capital
|
6.345 |
6.345 |
4.345 |
Reserves
|
630 |
630 |
630 |
Accumulated Profit (Loss)
|
(1.287) |
(1.201) |
(355) |
Total
Liabilities
|
11.113 |
11.613 |
11.781 |
Income Statement
|
2006 |
2005 |
2004 |
Annual Net
Sales
|
4.283 |
3.482 |
2.233 |
Gross
Income
|
751 |
388 |
498 |
Operating
Income
|
(197) |
(845) |
(419) |
Net Income
|
(85) |
(845) |
(232) |
Financial Analysis
|
2006 |
2005 |
2004 |
Current Ratio
|
1,62 |
2,40 |
3,84 |
Current Debt Ratio
|
0,40 |
0,30 |
0,28 |
Total Debt Ratio
|
1,95 |
2,01 |
2,55 |
Working Capital
|
$1.454 |
$2.502 |
$3.747 |
(Dollar
rate US$1.00 = R$1,944 on 28/05/2007).
Banking
Banco Banrisul S/A. - branch
0180
Banco do Brasil S/A. - branch
3305
Remark:
banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
Up to May 28, 2007 no returned
checks were found either in the name of the company.
Insurance
Coverage All
riscks
Value: R$5.000.000,00
Expiration: October,
2007
Payment information
79 invoices
Information on purchases:
MAY/2007 Last: R$1.400 Average: R$523
Information on invoicing:
MARC/2007 Highest: R$3.250 Average: R$934
Information on accumulation:
MARC/2007 Highest: R$6.650 Average: R$1.292
96% - prompt payments
4% -
delays from 31 up to 60 days
Trade References
Main
Suppliers:
GOODYEAR DO BRASIL PRODUTOS DE BORRACHA LTDA
INTERNATIONAL ENGINES
A GUERRA S/A IMPLEMENTOS RODOVIÁRIOS
ZF DO BRASIL LTDA
FOTOGRAVURAS ZEYANA LTDA
PIRELLI PNEUS S/A
Main
clients:
EMPRESA BRASILEIRA DE INFRA ESTRUTURA
AEROPORTUÁRIA
TERRA COM DE MÁQUINAS E SERVIÇOS LTDA
TOMAZELLI FILHAS & CIA LTDA
MAGRALE VEÍCULOS E MÁQUINAS LTDA
PRO PLANTA PRODUTOS AGROPECUÁRIOS LTDA
OTACILIO FERREIRA
Public Records
Information
Up to May 28, 2007, no negative information
was found.
Remarks
Contacted Mrs. Rafaela, 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.
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 |
|
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%)