MIRA
INFORM REPORT
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Report Date : |
08.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
BELENUS DO BRASIL LTDA |
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Registered Office : |
Rua Comendador João Lucas, 300 – Distrito Industrial13280-000 –
Vinhedo / SP |
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Country : |
Brazil |
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Date of Incorporation : |
15.07.2002 |
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Com. Reg. No.: |
35.217.672.867 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade of Tools and Ironworks |
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 |
Head information
Company name: BELENUS DO BRASIL LTDA.
Economical Group: MARCOS LUCAS
Address: Rua
Comendador João Lucas, 300 – Distrito Industrial
13280-000
– Vinhedo / SP - Brasil
Phone: (55
19) 3826 7000 / 3826 4120
Fax: (55
19) 3826 7056
Web Site: www.belenus.com.br
Legal information
Legal Status: Private Limited
Company
Incorporation
date: July 15, 2002
Register number #: 35.217.672.867
Tax contributor
(CNPJ): 05.151.518/0001-40
Registered
Capital: R$32.120.000,00
State Registration
#: 714.089.264.110
Number of
employees: 395
History
Established on July 15, 2002, chartered at the State
Commerce Registration Office of São Paulo (JUCESP) under # 35.217.672.867, into
the present registered name.
Shareholders/Partnership:
João Marcos Lucas (Joined 06/2006) - 55,0%
Brazilian, CPF:
056.034.208-04
Eumetra Aktiengese (Joined 09/2003) - 45,0%
Brazil, CNPJ:
05.536.755/0001-29
Management:
João Marcos Lucas
Brazilian, Separated
judicially, CPF: 056.034.208-04
Properties
Not informed.
Registered
line of business:
Trade of tools and ironworks.
Import
countries:
Not informed.
Export
countries:
Not informed.
Related Companies
Stock participation:
SAMONTANO IND.E COM. DE PARAFUSOS LTDA. - CNPJ: 07.117.150/0001-29
- Belenus do
Brasil Ltda -
100,0%
SIRENUSE SERV. DE TELEMARKETINF LTDA. - CNPJ: 74.276.098/0001-40
- João Marcos
Lucas -
99,0%
ENAT IND. E COM. DE PARAFUSOS LTDA. - CNPJ: 06.293.362/0001-02
- Belenus do
Brasil Ltda -
100,0%
PANAFAST COM.E IMPORT.DE FERRAMENTAS - CNPJ: 01.149.168/0001-26
- João Marcos
Lucas -
99,0%
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$2,341
Figures are in (Thousands of) Reais R$:
Assets
|
2006 |
2005 |
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Current Assets |
47.756 |
45.140 |
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Inventory |
8.315 |
11.076 |
Other Assets
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39.441 |
34.064 |
Long Term Assets
|
806 |
800 |
Fixed Assets
|
6.970 |
5.037 |
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Immovable |
6.970 |
5.037 |
Total Assets
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55.532 |
50.977 |
Liabilities
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2006 |
2005 |
Current Liabilities
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17.402 |
24.552 |
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Suppliers |
12.322 |
21.458 |
Other
liabilities
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5.080 |
3.094 |
Long
Term Liabilities
|
800 |
800 |
Net Equity
|
37.330 |
25.625 |
Capital
|
27.856 |
22.152 |
Accumulated Profit (Loss)
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9.474 |
3.473 |
Total Liabilities
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55.532 |
50.977 |
Income Statement
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2006 |
2005 |
Annual Net Sales
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121.185 |
100.771 |
Gross Income
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31.403 |
22.117 |
Operating Income
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8.703 |
2.006 |
Net Income
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6.001 |
1.321 |
Financial Analysis
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2006 |
2005 |
Current Ratio
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2,74 |
1,83 |
Current Debt Ratio
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0,46 |
0,95 |
Total Debt Ratio
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1,48 |
1,98 |
Working Capital
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$30.354 |
$20.588 |
(Dollar rate US$1.00 = R$1,753 on 06/02/2008).
Banking
Banco Itaú S/A. -
branch 0136
Banco BCN S/A. -
branch 0198
Banco Brasdesco S/A. -
branch 0705
Remark: banking comments
could not be obtained due to legal restrictions from the Brazilian Law.
Up to February 06, 2008 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.
583 – Invoices:
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Information
on purchases: |
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JAN/2008 |
Last: |
R$4.812
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Average: |
R$3.343
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Information
on invoicing: |
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NOV/2007 |
Highest: |
R$82.783
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Average: |
R$7.681
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Information on accumulation:
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DEC/2007 |
Highest: |
R$410.699
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Average: |
R$20.773
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100% - Prompt payments
Trade References
Main
Suppliers:
Gerdau S/A.
Industrial Rex Ltda.
Fibam Cia. Industrial
Rex Máqunas e Equipamentos Ltda.
Metalac SPS Indústria e Comércio Ltda.
Textron Fastening Systems do Brasil S/A.
Main
clients:
Martins Bastos & Cia. Ltda.
InoxPar Indústria e Comércio Ltda.
Olibrinoc Parafusos e Fixadores Ltda.
Pafer Comércio e Representações Ltda.
Fusofer Comércio e Representações Ltda.
Fusopar Indústria e Comércio de Parafusos
Ltda.
Public Records Information
No negative information was found.
Remarks
The information in this report were obtained from outside
sources and public records consulted.
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
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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%)