MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
OSASUNA PARTICIPACOES LTDA |
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Registered Office : |
Av. Parque Norte 1, nº 89 – Distrito Industrial 61939-170 –
Maracanau/CE |
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Country : |
Brazil |
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Financials (as on) : |
31.05.2007 |
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Date of Incorporation : |
19.07.2000 |
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Com. Reg. No.: |
23.200.966.315 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Industry De Mesh and Elastic Tissue |
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: OSASUNA PARTICIPACOES LTDA
Address: Av.
Parque Norte 1, nº 89 – Distrito Industrial
61939-170
– Maracanau/CE. – Brasil
Trade Name: JANGADEIRO
TEXTIL
Phone: (55-85)
4009.3104
Fax: (55-85)
4009.3150
E-mail: icardosousa@jangadeirotextil.com.br
Web Site: www.jangadeirotextil.com.br
Legal information
Legal Status: Private Limited
Company
Incorporation
date: July 19, 2000
Register number: 23.200.966.315
Tax contributor
(CNPJ): 03.941.904/0001-00
Registered
capital: R$7.832.430,00
State Registration
#: 06.698640-0
Number of
employees: 300
Branches: Not
Informed
History
Established on July,2000, chartered at the State Commerce Registration Office of São Paulo (JUCECE) under number 23.200.966.315, into the present registered name.
Partnership
/ Management:
Fernanda Mendes Pontes Baquit - 50,0%
(joined 08/2004), Brazilian, Married, CPF:
594.888.084-20
Paula Correia Lima Baquit - 50,0%
(joined 08/2004), Brazilian, Single, CPF:
017.356.973-03
Properties
Own building.
Registered
line of business:
Industry de mesh and elastic tissue.
Main products:
100%- Fabrics Knitted
Purchases:
80% - Domestic market
20% - International market
Sales:
Domestic Market
International 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. Themselves declined to disclose any kind of financial data.
The following financial statement
was obtained through outside sources consulted.
Quarterly balance sheet as of 31/05/2007 –
US$1.00 = R$1,929
Balance sheet information for fiscal year
ending:
31/12/2006 – US$1.00 = R$2,341
31/12/2005 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
Assets
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05/2007 |
2006 |
2005 |
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Current Assets |
31.521 |
24.193 |
10.844 |
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Inventory |
11.729 |
9.571 |
4.911 |
Other Assets
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19.792 |
14.622 |
5.933 |
Long Term Assets
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480 |
519 |
349 |
Fixed Assets
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3.613 |
2.087 |
1.312 |
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Immovable |
3.278 |
1.699 |
795 |
Total Assets
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35.614 |
26.799 |
12.505 |
Liabilities
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05/2007 |
2006 |
2005 |
Current Liabilities
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21.098 |
17.642 |
10.943 |
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Suppliers |
2.624 |
1.761 |
4.151 |
Other
liabilities
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18.474 |
15.881 |
6.792 |
Net Equity
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508 |
95 |
148 |
Capital
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1.220 |
1.220 |
1.220 |
Reserves
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10.628 |
6.617 |
0 |
Accumulated Profit (Loss)
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696 |
188 |
147 |
Total Liabilities
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35.614 |
26.799 |
12.505 |
Income Statement
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05/2007 |
2006 |
2005 |
Annual Gross Sales
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29.043 |
40.068 |
36.515 |
Annual Net Sales
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22.116 |
40.068 |
29.873 |
Gross Income
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4.096 |
7.632 |
4.364 |
Operating Income
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532 |
54 |
225 |
Net Income
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508 |
95 |
148 |
Financial Analysis
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05/2007 |
2006 |
2005 |
Current Ratio
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1,49 |
1,37 |
0,99 |
Current Debt Ratio
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1,68 |
2,19 |
8,00 |
Total Debt Ratio
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2,83 |
3,34 |
9,14 |
Working Capital
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$10.423 |
$6.551 |
$99 |
(Dollar rate US$1.00 = R$1,706 on (24/02/2008)
Banking
Banco BGN de Negócios S/A. -
branch 0002
Banco Fibra S/A. -
branch 0001
Banco do Bradesco S/A. -
branch 2367
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
No returned checks were found either in the name of the
company or partners.
Insurance
Not informed.
Payment information
324 invoices
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Information
on purchases: |
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FEB/2008 |
Last: |
R$ 408
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Average: |
R$ 6.648
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Information
on invoicing: |
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MAY/2007 |
Highest: |
R$ 61.704
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Average: |
R$ 9.206
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Information on accumulation:
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MAY/2007 |
Highest: |
R$ 75.218
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Average: |
R$ 14.327
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100% - prompt payments
Trade References
Main
Suppliers:
Só Vedações Comercial Ltda.
Tubocone Indústria e Comércio Ltda.
Coremal Comércio e Representações Maia Ltda.
SODINE Sociedade Distribuidora do Nordeste
ltda.
Pqt Indústria e Comércio de Produtos
Químicos Ltda.
Main
Clients:
Jadilson Alves Santos-ME.
Fernando Freitas da Silva-me.
Cotex Comércio de Tecidos Ltda.
Raimundo Macario Freitas da Silva-Me.
Bomache Indústria e Comércio de Etiquetas Ltda-ME.
Public Information
No negative information was found.
Remarks
Contacted
Mr. Edson Minto and Celio Jardim, we requested the balance sheet of
2006/2005/2004, Subject declined to disclose any kind of information without
knowing the Enquirer’s name.
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
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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%)