MIRA INFORM REPORT

 

 

Report Date :

29.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

VITALIS INDÚSTRIA DE ALIMENTOS LIMITADA.

 

 

Registered Office :

Rua Alvrez de Azevedo, 480 – Cachambi 20785-080 – Rio de Janeiro/RJ

 

 

Country :

Brazil

 

 

Date of Incorporation :

21.03.1974

 

 

Com. Reg. No.:

33.200.089.754

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Industry, Commerce of Foods Products

 

 

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

 

 

 

 

 

 

 

 

 

Head information

 

Company name:            VITALIS INDÚSTRIA DE ALIMENTOS LIMITADA.

 

Trade Name:                  CHINEZINHO

 

Address:                       Rua Alvrez de Azevedo, 480 - Cachambi

                                    20785-080 – Rio de Janeiro/RJ – Brazil.

 

Phone:                          (55-21) 2501.5454 / 2107.5400 / 2107.5401

Fax:                              (55-21) 2201.2292

E-mail:                         comeercial@chinezinho.com.br  

Web Site:                      www.chinezinh.com.br

 

 

Legal information

 

Legal Status:                             Private Limited Company

Incorporation date:                     March, 21,1974

Register number:                       33.200.089.754

Tax contributor (CNPJ):              42.315.432/0001-31

Registered capital:                     R$930.000,00 on October, 16,2006

State Registration #:                  81.974.012

Number of employees:                18

Branches:                                 Not Have

 

 

History         

 

Established on March, 21, 1974, chartered at the State Commerce Registration Office of Rio de Janeiro (JUCERJ) under #     33.200.089.754, with the registered name of Vitalis Condimentos Ltda. On March, 08,2004,  the subject changed to the present registered name.

 

 

Partnership/Management: 

 

HASENCLEVER CORREA DA SILVA     -74,0%

-Brazilian, Married, (Joined 08/1980), CPF-164.780.376-49

 

SERGIO DE OLIVEIRA DUARTE            -26,0%

-Brazilian, Divorced,(Joined 06/1989), CPF-749.851.837-68

 

 

Properties

 

Not Informed

 

 

Registered line of business:

 

Industry, commerce of foods products.

 

Main products:

 

100% food products, Jelly

 

Purchases / Sales: 

43,0 - Domestic Market

57,0 - International Market

 

Import countries:         Not Informed

 

Export countries:   Not Informed

                                               

 

Related Companies

 

Stock participation:

 

Not Have

 

 

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.

Remark: It was not possible to find the balance sheet year 2007, 2006 and 2005  through outside sources consulted.

 

 (Dollar rate US$1.00 = R$1,666 on (18/04/2008).

 

 

Banking        

 

Banco Itaú S/A.             - branch 0530

Banco Santander S/A.    - branch 0324

Hsbc Bank Brasil S/A.   - branch 1836

 

 

Remark:           banking comments could not be obtained due to legal restrictions from the Brazilian Law.

 

Up to date no returned checks were found either in the name of the company or partners.

 

 

Insurance    

 

Not informed

 

 

 

Payment information

 

546 invoices

 

Information on purchases:

04/2008

Last:

R$  1.993

Average:

R$  6.401

Information on invoicing:

09/2007

Highest:

R$  79.520

Average:

R$  8.965

Information on accumulation:

10/2007

Highest:

R$ 157.438

Average:

R$ 19.583

 

100% - Prompt payments

 

The payment information was obtained through outside sources and public consulted.

 

 

Trade References

 

Main Suppliers:

GEM AGROINDUSTRIAL E COMERCIAL LTDA

NUTRIMENTAL S/A INDÚSTRIA E COMÉRCIO DE ALIMENTOS.

RIOCRED FACTORING FOMENTO MERCANTIL LTDA

CARAMURU ALIMENTOS S/A.

TC REPRESENTAÇÕES LTDA

 

Main clients:

 

Not Informed

 

 

Public Records Information 

 

Up to date, no negative information was found.

 

 

Remarks     

 

Contacted Mr. Sergio de Oliveira Duarte, Director Administration,  we requested the balance sheet of 2007/2006/2005, 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. When higher amounts are involved we recommend dealing under secured 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.

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions