MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ITÚ MARMORES E GRANITOS LTDA. |
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Registered Office : |
Rodovia Presidente Dutra, km 203 – |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
March 12, 1968 |
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Com. Reg. No.: |
244.153.073 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Industry of granites and marbles. |
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 : |
Usually correct |
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Litigation : |
Clear |
Company name
ITÚ MARMORES E GRANITOS LTDA.
Address
Rodovia Presidente Dutra, km 203 – Bairro
Portão
07400-970 Arujá / SP – Brasil
Phone: (55-11)
4655 2288
E-mail: Susan@itumarmores.com.br
Web Site: www.itumarmores.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: March 12, 1968
Register number #: 244.153.073
Tax contributor (CNPJ): 61.996.807/0001-10
Registered capital: R$51.000,00
State Registration #: 251.681.188
Number of employees: 47
Branches: 02
History
Established on March 12, 1968, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under #244.153.073, into the present registered name.
Partnership
/ Management:
Ney Lafaiette Conceição Júnior - 33,33%
Brazilian,
Married, CPF: 131.897.228-03
Fernando Violante Conceição - 33,33%
Brazilian,
Single, CPF: 118.371.158-18
Carmen Violante Conceição - 3,33%
Brazilian, Married, CPF: 013.806.858-50
Properties
Not informed.
Registered
line of business:
Industry of granites and marbles.
Main Products:
50,0% - Marble improvement
30,0% - Resale
Purchases:
53,0% - National market
47,0% - International market
Sales:
73,0% - National market
27,0% - International market
Import
countries:
Not informed.
Export
countries:
Not informed.
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:
31/12/2006 – 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
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2006 |
2005 |
2004 |
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Current Assets |
2.822.942 |
2.750.810 |
2.155.257 |
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Inventory |
2.072.787 |
2.268.771 |
1.822.916 |
Other Assets
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7.501,55 |
482.039 |
332.341 |
Fixed
Assets
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980.573 |
965.970 |
707.239 |
Investment
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340.111 |
340.111 |
98.000 |
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Immovable |
640.462 |
625.859 |
609.239 |
Total
Assets
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980.573 |
965.970 |
707.239 |
Liabilities
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2006 |
2005 |
2004 |
Current
Liabilities
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2.515.152 |
2.778.879 |
1.782.304 |
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Suppliers |
1.334.520 |
2.083.978 |
1.153.175 |
Other liabilities
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1.180.632 |
694.901 |
629.129 |
Long Term
Liabilities
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230.000 |
230.000 |
380.000 |
Net Equity
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1.058.363 |
707.901 |
700.192 |
Capital
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51.000 |
51.000 |
51.000 |
Accumulated Profit (Loss)
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1.007.363 |
656.901 |
649.192 |
Total
Liabilities
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3.803.515 |
3.716.780 |
2.862.496 |
Income Statement
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2006 |
2005 |
2004 |
Annual Net
Sales
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5.600.684 |
4.148.173 |
3.137.174 |
Gross
Income
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952.117 |
569.419 |
586.902 |
Operating
Income
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494.640 |
148.300 |
208.455 |
Net Income
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350.463 |
112.708 |
245.147 |
Financial Analysis
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2006 |
2005 |
2004 |
Current Ratio
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1,12 |
0,98 |
1,20 |
Current Debt Ratio
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2,37 |
3,92 |
2,54 |
Total Debt Ratio
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0,27 |
0,19 |
0,24 |
Working Capital
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$307.790 |
$(28.069) |
$372.953 |
(Dollar rate US$1.00 = R$1,949 on 27/08/2007).
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 or partners.
Insurance
Not informed.
Payment information
*Information obtained from outside sources
and public consulted.
15 Invoices:
Information on purchases:
JUL/2007 Last: R$449 Average: R$269
Information on invoicing:
JUN/2007 Highest: R$731 Average: R$410
Information on accumulation:
JUN/2007 Highest: R$731 Average: R$410
94% - Prompt payments
06% - Delays from 31 up to 60 days
Trade References
Main
Suppliers:
Granbrasil Marmores e Granitos Ltda.
Main
clients:
Barbara Engenharia e Construtora Ltda.
DMF Construtura e Incorporadora Ltda.
Public Records
Information
No negative information was found.
Remarks
Contacted Mrs. Susan
until the moment we don't have an answer, in case it supplies us the
information we will send again ourselves a complete report.
The information in this report were obtained from outside sources and public records consulted.
Final Opinion
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. |
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%)