MIRA
INFORM REPORT
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Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMA S/A MINERAÇÕES ASSOCIADAS |
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Registered Office : |
Rua Menina de Cana Brava, s/nº - Center ZIP-76450-000 - Minaçu/GO |
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Country : |
Brazil |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
15.01.1941 |
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Com. Reg. No.: |
52.300.010.314 |
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Legal Form : |
Private Anonima Company |
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Line of Business : |
Extraction of Non-Metallic Mineral. |
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 : |
No Complaints |
Head information
Company name: SAMA S/A MINERAÇÕES ASSOCIADAS.
Trade Name: SAMA
Economical Group: ETERNIT
Address: Rua
Menina de Cana Brava, s/nº - Center
ZIP-76450-000
- Minaçu/GO – Brazil.
Phone: (55-62)
3379.8100 / 3379.3249 / 3379.2005
Fax: (55-62)
3379.8181
E-mail: mmsilva@sama.com.br
Web Site: www.sama.cm.br
Legal information
Legal Status: Private Anonima
Company(Closed Capital)
Incorporation
date: January, 15,1941
Register number: 52.300.010.314
Tax contributor
(CNPJ): 15.104.599/0001-80
Registered
capital: R$
65.100.000,00 on June, 04,2007
Register number: 52.070.563.756
State Registration
#: 10.014753-4
Number of
employees: 649
Branches: Rua
Dr. Fernandes Coelho, 86 – 7º Floor
ZIP-05423-040
– São Paulo/SP - Brazil
Phone
(55-11) 3817.1717
Fax (55-11) 3819.165
History
Established on January, 15,1941, chartered at the State
Commerce Registration Office of São Paulo (JUCESP) under number 52.300.010.314,
with the registered name of S/A Mineração de Amianto.On December, 16,1997, the subject changed to the present registered
name.
Partnership:
(joined 12/1997)
ETERNIT S/A -
99,9%
-Brasil, CNPJ/MF-61.092.037/0001-81
PREL LTDA - 0,1%
-Brasil, CNPJ/MF-50.943.034/0001-98
Management:
RUBENS RELA FILHO - Shareholder Director
-Brazilian, Divorced, CPF-508.654.718-00
ELIO ANTONIO MARTINS - Shareholder Director
-Brazilian, Married, CPF-117.485.321-20
Properties
Own, total area: 80.130 m², built up
area: 22.087 m², value not informed. In Rio de Janeiro/RJ.
Own, total area: 463.430 m², built up area: 27.591
m², value not informed. In Goiania/GO.
Own, total area: 854.000 m², built up area:
28.000 m², value not informed. In Simões Filho/BA.
Registered
line of business:
Extraction of non-metallic mineral.
Main Products:
100% - Amianto
Purchases:
95% - Domestic market
05% - International market
Sales:
73% - Domestic market
27% - International market
Related Companies
Stock participation:
PRECON GOIAS INDUSTRIAL LTDA – CNPJ/MF-02.116.952/0001-09
-Eternit S/A - 99,9%
-Prel Ltda -
0,1%
ENGEDIS DISTRIBUIÇÃO E SERVIÇOS LTDA –
CNPJ/MF-03.812.625/0001-46
-Eternit S/A - 48,3%
-Sama S/A Minerações Associadas -
3,4%
WAGNER LTDA – CNPJ/MF-02.116.952/0001-09
-Eternit S/A - 99,8%
-Prel Ltda -
0,2%
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$2,341
31/12/2005– US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
Assets
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2006 |
2005 |
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Current Assets |
99.920 |
98.446 |
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Inventory |
30.855 |
29.008 |
Other Assets
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69.065 |
69.438 |
Long Term Assets
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6.621
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8.635 |
Fixed Assets
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30.205 |
36.141 |
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Immovable |
20.801 |
24.821 |
Total Assets
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130.125 |
134.587 |
Liabilities
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2006 |
2005 |
Current Liabilities
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50.703 |
42.881 |
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Suppliers |
6.442 |
5.002 |
Other
liabilities
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44.261 |
37.879 |
Long Term Liabilities
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11.689 |
15.164 |
Net Equity
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67.733 |
76.542 |
Capital
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65.100 |
65.100 |
Reserves
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33 |
33 |
Accumulated Profit (Loss)
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2.600 |
11.409 |
Total Liabilities
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130.125 |
134.587 |
Income Statement
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2006 |
2005 |
Annual Gross Sales
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208.410 |
213.267 |
Annual Net Sales
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176.238 |
181.686 |
Gross Income
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88.506 |
97.610 |
Operating Income
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32.254 |
40.249 |
Net Income
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21.811 |
33.512 |
Financial Analysis
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2006 |
2005 |
Current Ratio
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1,97 |
2,29 |
Current Debt Ratio
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0,74 |
0,56 |
Total Debt Ratio
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0,52 |
0, 56 |
Working Capital
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$49.217 |
$55.565 |
(Dollar
rate US$1.00 = R$1,669 on (12/05/2008)
Banking
Banco Bradesco S/A. -
branch Paulista
Banco do Brasil S/A. -
branch Paulista
Banco Citibank S/A. -
branch Paulista
Banco Abn Amro Real S/A. -
branch Paulista
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
No returned checks were found either
in the name of the company or partners.
Insurance
Not informed
Payment information
The payment information was obtained
through outside sources and public consulted.
202 invoices
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Information
on purchases: |
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04/2008 |
Last: |
R$ 1.578
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Average: |
R$ 4.869
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Information
on invoicing: |
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06/2007 |
Highest: |
R$ 43.000
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Average: |
R$ 5.952
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Information on accumulation:
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11/2007 |
Highest: |
R$ 44.074
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Average: |
R$ 7.769
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96% - prompt payments
04% - delays from 08 up to 15 days
Trade References
Main
Suppliers - Brazil:
FLYGT DO BRASIL S/A.
JOSÉ MURILIA COMÉRCIO E INDÚSTRIA LTDA.
XODO TRANSPORTES E SERVIÇOS LTDA.
MOELLER ELECTRIC LTDA.
CONEXEL CONEXÕES ELÉTRICAS LTDA
Main Suppliers -
Foreign:
Not Informed
Main
clients - Brazil:
Not Informed
Public Records Information
Negative information was found.
Remarks
Contacted Mrs. Maristela Martins – Department Trade, we
requested the balance sheet of 2007, 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
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%)