MIRA
INFORM REPORT
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Report Date : |
25.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ANDREA S/A IMPORTAÇÃO EXPORTAÇÃO E
INDUSTRIA |
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Registered Office : |
Rua da Alfandega 425 / 435 – Brás,
03006-030 |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
September 28, 1965 |
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Com. Reg. No.: |
35.300.063.945 |
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Legal Form : |
Joint Stock Corporation ( Closed Capital) |
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Line of Business : |
Export and import of nutritious products. |
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
ANDREA S/A IMPORTAÇÃO EXPORTAÇÃO E INDUSTRIA
Trade Name
ANDREA
Address
Rua da Alfandega 425 / 435 – Brás
03006-030
Phone: (55-11)
3326 8877 / 5122
Fax: (55-11)
3326 2817
E-mail: andrea@andrea.com.br
Web Site: www.andrea.com.br
Legal information
Legal Status: Joint Stock Corporation ( Closed Capital_
Incorporation date: September 28, 1965
Register number #: 35.300.063.945
Tax contributor (CNPJ): 61.148.367/0001-41
Registered Capital: R$6.650.000,00
State Registration #: 104.867.436.115
Number of employees: 16
Branches: 04
History
Established on September 28, 1965, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.300.063.945, as Andrea Comércio e Importação Ltda. On April 1974 the company changed into Andrea S/A Importação e Exportação. On April 31, 1984 the subject adopted the present registered name.
Partnership/Management: (Joined 04/1974)
Brazilian,
CPF: 035.120.108-49
Andrea de Luca -
50,0%
Brazilian,
CPF: 004.958.168-68
Properties
Not informed.
Registered
line of business:
Export and import of nutritious products.
Main Products:
65% - Drinks
25% - Nutritious goods
10% - Olive-oils / Seasonings
Import
countries:
Not informed.
Export
countries:
Not informed.
05% - Domestic market
95% - International market
Sales:
100% - Domestic market
Related Companies
Stock participation:
GIVI ADMINISTRAÇÃO E PARTICIPAÇÃO LTDA. - CNPJ:05.211.351/0001-65
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MOMENTI COMÉRCIO DE VEÍCULOS LTDA. -
CNPJ: 06.922.688/0001-43
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Financial Data
The following financial statement was obtained through outside sources consulted.
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
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2006 |
2005 |
2004 |
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Current Assets |
7.680 |
7.314 |
7.904 |
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Inventory |
1.372 |
1.390 |
2.024 |
Other Assets
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6.308 |
5.924 |
5.880 |
Long Term
Assets
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359 |
359 |
359 |
Fixed
Assets
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1.853 |
1.870 |
1.922 |
Investment
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33 |
20 |
18 |
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Immovable |
1.820 |
1.850 |
1.922 |
Total
Assets
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9.892 |
9.543 |
10.185 |
Liabilities
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2006 |
2005 |
2004 |
Current
Liabilities
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2.990 |
2.893 |
3.333 |
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Suppliers |
737 |
925 |
1.433 |
Other liabilities
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2.253 |
1.968 |
1.900 |
Long Term
Liabilities
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2 |
2 |
17 |
Net Equity
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6.900 |
6.648 |
6.835 |
Capital
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6.650 |
6.650 |
6.650 |
Reserves
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0 |
84 |
75 |
Accumulated Profit (Loss)
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250 |
(86) |
110 |
Total
Liabilities
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9.892 |
9.543 |
10.185 |
Income Statement
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2006 |
2005 |
2004 |
Annual Net
Sales
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11.183 |
11.380 |
9.607 |
Gross
Income
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1.556 |
963 |
1.367 |
Operating
Income
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337 |
(142) |
257 |
Net Income
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253 |
(187) |
117 |
Financial Analysis
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2006 |
2005 |
2004 |
Current Ratio
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2,56 |
2,52 |
2,37 |
Current Debt Ratio
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0,43 |
0,43 |
0,48 |
Total Debt Ratio
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1,43 |
1,43 |
1,49 |
Working Capital
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$4.690 |
$4.421 |
$4.571 |
(Dollar rate US$1.00 = R$1,862 on 21/09/2007).
Banking
Banco Bradesco S/A. -
branch 0278
Banco do Brasil S/A. -
branch 3339
Banco Sudameris Brasil S/A. -
branch 1552
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
Company: Not
informed
Coverage Several
risks
Value: R$5.000.000,00
Expiration: October
2007
Payment information
*Information obtained from outside sources
and public consulted.
36 Invoices :
Information on purchases:
JUL/2007 Last: R$167 Average: R$17.156
Information on invoicing:
MAR/2007 Highest: R$84.750 Average: R$31.457
Information on accumulation:
JUN/2006 Highest: R$245.800 Average: R$83.631
100% - Prompt payments.
Trade References
Main
Suppliers:
Bruck Importação Exportação Ltda.
La Toja Importadora e Exportadora Ltda.
Comercial Importação e Exportação La Rioja
Ltda.
Comercial Importadora e Exportadora
Metapunto Ltda.
Main
clients:
Casa Flora Ltda.
Casa Santa Luzia Importadora Ltda.
Carrefour Comércio e Indústria Ltda.
Comercial Louro de Frios e Salgados Ltda.
Dias Pastorinho S/A. Comércio e Indústria.
Atacadista São Paulo Comércio e Importação
Ltda.
Public Records
Information
No negative information was found.
Remarks
Contacted Mr. Domênico / Director, 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
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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%)