MIRA
INFORM REPORT
|
Report Date : |
04.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
GERALDO ARAUJO TECIDOS LTDA. |
|
|
|
|
Registered Office : |
Cais de santa Rita, 494 – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
July 26, 1982 |
|
|
|
|
Com. Reg. No.: |
26.200.305.737 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trade of fabrics and threads. |
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 : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
Company name
GERALDO ARAUJO TECIDOS LTDA.
Address
Cais de santa Rita, 494 – Săo Jose
50020-320
Phone: (55-81)
3224 0422
E-mail: gat@gatecidos.com.br
Web Site: www.gatecidos.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: July 26, 1982
Register number #: 26.200.305.737
Tax contributor (CNPJ): 08.172.306/0001-37
Registered Capital: R$2.000.000,00
State Registration #: 18.1.001.0088606-3
Number of employees: 100
Branches: 06
Deposit: Rua
Projetada BP KM 101 – S/N
History
Established on July 26, 1982, chartered at the State Commerce Registration Office of Pernambuco (JUCEPE) under #20.061.147.982, with the registered name of Cabral Araújo Teidos Ltda. On January 09, 1984 the subject changed to the present registered name.
Partnership:
Geraldo Araújo Bezerra (07/1982) - 20,0%
Brazilian,
CPF: 021.297.604-49
Glauber da Fonseca Araújo (04/2006) - 15,0%
Brazilian,
CPF: 963.631.184-68
Geane Carla Araújo Caraciolo (04/2006) - 15,0%
Brazilian,
CPF: 784.828.524-34
Glaucus da Fonseca Araujo (02/1985) - 15,0%
Brazilian.CPF:
497.222.394-49
Gileno Flávio da Fonseca Araújo (07/1982) -
15,0%
Brazilian,
CPF: 366.428.434-87
Others -
20,0%
Management:
Geraldo Araújo Bezerra
Brazilian, Married, CPF: 021.297.604-49
Properties
Not informed.
Registered
line of business:
Trade of fabrics and threads.
Import
countries:
Not informed.
Export
countries:
Not informed.
Sales:
100% - Domestic market
Related Companies
Stock participation:
HOMSANI & CIA. LTDA. - CNPJ:
02.749.253/0001-98
-
Glauber da Fonseca Araújo -
60,0%
TAL DISTRIBUIDORA DE TECIDOS LTDA - CNPJ: 08.580.161/0001-03
- Geraldo Araújo Bezerra Júnior - 50,0%
-
Glaucus da Fonseca Araújo -
50,0%
A & S CONSTRUÇĂO E INCORP. LTDA - CNPJ: 07.771.100/000160
- Geraldo Araújo Bezerra Júnior - 35,0%
- Gileno Flávio da Fonseca Araújo - 10,0%
- Glaucus da Fonseca Araújo - 10,0%
-
Glauber da Fonseca Araújo -
10,0%
GERALDO ARAÚJO E FILHOS LTDA. - CNPJ: 41.069.071/0001-28
- Geraldo Araújo Bezerra - 60,0%
- Evane da Fonseca Araújo - 10,0%
- Geraldo Araújo Bezerra Júnior - 10,0%
- Gileno Flávio da Fonseca Araújo - 10,0%
- Glaucus da Fonseca Araújo - 10,0%
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 |
28.519 |
17.482 |
10.252 |
|
Inventory |
9.271 |
10.341 |
3.978 |
Other Assets
|
19.248 |
7.141 |
6.274 |
Long Term
Assets
|
511 |
511 |
516 |
Fixed
Assets
|
625 |
334 |
265 |
Investment
|
2 |
2 |
0 |
|
Immovable |
623 |
332 |
265 |
Total
Assets
|
29.655 |
18.327 |
11.033 |
Liabilities
|
2006 |
2005 |
2004 |
Current
Liabilities
|
10.401 |
5.866 |
2.975 |
|
Suppliers |
7.901 |
3.996 |
780 |
Other liabilities
|
2.500 |
1.870 |
2.195 |
Long Term
Liabilities
|
2.644 |
2.748 |
2.694 |
Net Equity
|
16.610 |
9.713 |
5.364 |
Capital
|
2.000 |
1.301 |
1.301 |
Reserves
|
4.196 |
2.378 |
131 |
Accumulated Profit (Loss)
|
10.414 |
6.034 |
3.932 |
Total
Liabilities
|
29.655 |
28.327 |
11.033 |
Income Statement
|
2006 |
2005 |
2004 |
Annual Net
Sales
|
53.340 |
29.911 |
27.280 |
Gross
Income
|
12.165 |
8.392 |
6.615 |
Operating
Income
|
6.600 |
4.765 |
3.468 |
Net Income
|
4.380 |
3.169 |
2.432 |
Financial Analysis
|
2006 |
2005 |
2004 |
Current Ratio
|
2,74 |
2,98 |
3,44 |
Current Debt Ratio
|
0,62 |
0,60 |
0,55 |
Total Debt Ratio
|
1,78 |
1,88 |
2,05 |
Working Capital
|
$18.118 |
$11.616 |
$7.277 |
(Dollar rate US$1.00 = R$1,962 on 30/09/2007).
Banking
Banco Safra S/A. - branch 0029
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.
1.890 – Invoices:
Information on purchases:
AUG/2007 Last: R$38 Average: R$8.800
Information on invoicing:
NOV/2006 Highest: R$308.747 Average: R$32.460
Information on accumulation:
NOV/2006 Highest: R$2.170.824 Average: R$151.971
99% - Prompt payments
01% - Delays from 08 up to 15 days
Trade References
Main
Suppliers:
Suape Tęxtil S/A.
Santana Textil S/A.
Cia. Tecidos Santanense
Cia. Industrial Cataguases
Cia. Manufatora de Tecidos de Algodăo
Cia. de Fiaçăo e Tecidos Cedro e Cachoeira.
Main
clients:
Not informed.
Public Records
Information
No negative information was found.
Remarks
Contacted Mr. Edson Minto and Celio Jardim, 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 consulted.
Final Opinion
The company can be considered normal for business dealings at usual
trade terms and conditions.
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. |
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%)