MIRA
INFORM REPORT
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Report Date : |
05.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
COMÉRCIO & REPRESENTAÇÕES LACERDA LTDA. |
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Registered Office : |
Rua dos Guararapes,39 – Centro, 55004-000 Caruaru / PE – |
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Country : |
Brazil |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
08.09.1969 |
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Com. Reg. No.: |
26.200.129.394 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade of nutritious goods |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Head information
Company name : COMÉRCIO
& REPRESENTAÇÕES LACERDA LTDA.
Address : Rua
dos Guararapes,39 – Centro, 55004-000 Caruaru / PE – Brasil
Phone :
(55-81) 3721 5377 / 3719 5148
E-mail : alac@veloxemail.com.br
Legal information
Legal Status :
Private Limited Company
Incorporation date :
September 08, 1969
Register number # :
26.200.129.394
Tax contributor (CNPJ) :
10.018.117/0001-56
Registered Capital :
R$1.490.000,00
State Registration # :
18.1.090.0009823-5
Number of employees : 16
Branches : 05
History
Established on September 08, 1969, chartered at the State Commerce
Registration Office of Pernambuco (JUCEPE) under #26.200.129.394, into the
present registered name.
Partnership:
Luiz José de Lacerda (Joined
09/1969) - 98,0%
Brazilian, CPF: 001.854.264-68
Mario Trajano Lacerda de Souza (Joined
12/2006) - 2,0%
Brazilian, CPF: 418.137.584-68
Management:
Luiz José de Lacerda
Brazilian, WidowerCPF: 001.854.264-68
Properties
Not informed.
Registered line of business:
Wholesale trade of nutritious goods
Import countries:
Not informed.
Export countries:
Not informed.
Purchases and Sales:
100% - Domestic market
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.
Quarterly balance sheet as of 31/06/2006 – US$1.00 = R$2,164
Balance sheet information for fiscal year ending:
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
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Assets |
06/2006 |
2005 |
2004 |
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Current Assets |
2.900 |
3.701 |
2.497 |
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Inventory |
2.673 |
2.365 |
2.220 |
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Other Assets |
227 |
1.336 |
277 |
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Long Term Assets |
34 |
34 |
34 |
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Fixed Assets |
450 |
471 |
438 |
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Immovable |
450 |
471 |
438 |
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Total Assets |
3.384 |
4.206 |
2.969 |
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Liabilities |
06/2006 |
2005 |
2004 |
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Current Liabilities |
2.085 |
2.752 |
1.646 |
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Suppliers |
1.471 |
2.079 |
1.556 |
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Other liabilities |
614 |
673 |
90 |
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Long Term Liabilities |
0 |
4 |
40 |
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Net Equity |
1.299 |
1.450 |
1.2083 |
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Capital |
1.100 |
1.460 |
1.460 |
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Reserves |
467 |
335 |
93 |
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Accumulated Profit (Loss) |
(268) |
(345) |
(270) |
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Total Liabilities |
3.384 |
4.206 |
2.696 |
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Income Statement |
06/2006 |
2005 |
2004 |
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Annual Net Sales |
3.107 |
15.454 |
21.354 |
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Gross Income |
253 |
1.821 |
2.795 |
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Operating Income |
10 |
484 |
922 |
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Net Income |
8 |
252 |
612 |
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Financial Analysis |
06/2006 |
2005 |
2004 |
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Current Ratio |
1,39 |
1,34 |
1,51 |
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Current Debt
Ratio |
1,60 |
1,89 |
1,28 |
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Total Debt Ratio |
2,60 |
2,90 |
2,31 |
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Working Capital |
$815 |
$949 |
$1.232 |
(Dollar rate US$1.00 = R$1,772 on
02/01/2008).
Banking
Bilbao Viscaya Brasil S/A. -
Branch - 0110
Remark
Banking comments could not be obtained due to legal restrictions from
the Brazilian Law.
Up to January 02, 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.
61 – Invoices:
Information
on purchases:
DEC/2007 Last: R$221 Average: R$3.909
Information
on invoicing:
NOV/2007 Highest: R$26.191 Average: R$6.333
Information
on accumulation:
NOV/2007 Highest: R$26.191 Average: R$6.351
100% - Prompt payments
Trade References
Main Suppliers:
Produtora de Charque JS LTDA.
Mar Alimentos Refrigerados Ltda.
Megacharque Indústria e Comércio de Alimentos Ltda.
Main clients:
Not informed.
Public Records
Information
No negative information was found.
Remarks
Contacted Mr. Mário Lacerda / 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.
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%)