MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SANILAR COMERCIAL LIMITDA. |
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Registered Office : |
Av. Lindomar Gomes Oliveira, 972-Cidade Industrial Satélite –
ZIP-07232-150 Guarulhos/SP |
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Country : |
Brazil |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
30.07.1992 |
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Com. Reg. No.: |
35.211.250.499 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Commerce of Chemicals Products. |
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 : |
Usually Correct |
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Litigation : |
Clear |
Head information
Company name: SANILAR COMERCIAL LIMITDA.
Trade Name: SANILAR
Address: Av.
Lindomar Gomes Oliveira, 972-
Cidade
Industrial Satélite – ZIP-07232-150
Guarulhos/SP
– Brazil.
Phone: (55-11)
6412.5011 / 6412.1601 / 6412.6995
Fax: (55-11)
6412.5011
E-mail: sanilar@sanilar.com.br
Web Site: www.sanilar.com.br
Legal information
Legal Status: Private Limited
Company
Incorporation
date: July, 30,1992
Register number: 35.211.250.499
Tax contributor
(CNPJ): 69.198.356/0001-88
Registered
capital: R$ 55.000,00
on April, 20, 2001
Register number: nº 70.459.010
State Registration
#: 336.361.939.113
Number of
employees: 80
Branches: Not
Have
History
Established on July, 30.1992, chartered
at the State Commerce Registration Office of São Paulo (JUCESP) under number
35.211.250.499, as Higelar Serviços Ltda. On January, 29, 1993, the company
changed into Sanilar Química Ltda. On October, 21, 2998 the subject adopted the
present registered name.
Partnership:
YRIO AZEVEDO -
99,9%
-Brazilian, (joined 07/1992), Married, CPF:
160.426.698-85
VALÉRIA INOCÊNCIO LOURENÇO DE FREITAS -
0,1%
-Brazilian, (joined 10/2000), Married, CPF:
903.941.518-87
Management:
YRIO AZEVEDO -
Shareholder Director
Properties
Own building, total area: 3.230 m²,
built up area: 1.800 m², valued at R$3.000.000,00
Registered
line of business:
Commerce of Chemicals Products.
Main Products:
59% - naftaline
37% - Paradiclore
04% - other products
Purchases/Sales:
60% - Domestic market
40% - International market
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.
The following financial statement
was obtained through outside sources consulted.
Balance sheet information for fiscal year
ending:
31/12/2007- US$1.00 = R$1,900
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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2007 |
2006 |
2005 |
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Current Assets |
2.775 |
1.971 |
4.194 |
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Inventory |
890 |
741 |
3.112 |
Other Assets
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1.885 |
1.230 |
1.082 |
Long Term Assets
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0 |
0 |
0 |
Fixed Assets
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653 |
487 |
547 |
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Immovable |
653 |
487 |
547 |
Total Assets
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3.428 |
2.458 |
4.741 |
Liabilities
|
2007 |
2006 |
2005 |
Current Liabilities
|
999 |
1.171 |
4.486 |
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Suppliers |
407 |
967 |
2.854 |
Other
liabilities
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592 |
204 |
1.632 |
Long Term Liabilities
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1.900 |
1.048 |
100 |
Net Equity
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529 |
239 |
155 |
Capital
|
55 |
55 |
55 |
Accumulated Profit (Loss)
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474 |
184 |
100 |
Total Liabilities
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3.428 |
2.458 |
4.741 |
Income Statement
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2007 |
2006 |
2005 |
Annual Gross Sales
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20.659 |
17.084 |
12.499 |
Annual Net Sales
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17.321 |
14.662 |
10.662 |
Gross Income
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6.015 |
2.715 |
2.563 |
Operating Income
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681 |
103 |
58 |
Net Income
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473 |
83 |
43 |
Financial Analysis
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2007 |
2006 |
2005 |
Current Ratio
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2,77 |
1,68 |
0,93 |
Current Debt Ratio
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1,88 |
4,89 |
2,89 |
Total Debt Ratio
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6,48 |
1,02 |
3,05 |
Working Capital
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$1.776 |
$800 |
($292) |
(Dollar rate US$1.00 = R$1,648 (20/05/2008)
Banking
Banco Safra S/A. -
branch 0095
Banco Itau S/A. -
branch 1446
Banco Bradesco S/A. -
branch 1231
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
No returned checks were found either
in the name of the company or partners.
Insurance
It doesn’t own
Payment information
The payment information was obtained
through outside sources and public consulted.
55 invoices
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Information
on purchases: |
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04/2008 |
Last: |
R$ 5.999
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Average: |
R$ 2.857
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Information
on invoicing: |
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01/2008 |
Highest: |
R$ 15.071
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Average: |
R$ 3.791
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Information on accumulation:
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08/2007 |
Highest: |
R$ 24.848
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Average: |
R$ 5.908
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96% - prompt payments
04% - delays from 06 up to 15 days
Trade References
Main
Suppliers - Brazil:
ELEKEIROZ S/A.
SAVON INDÚSTRIA COMÉRCIO IMPORTAÇÃO E
EXPORTAÇÃO LTDA.
USINAS SIDERÚRGICAS DE MINAS GERAIS
S/A-USIMINAS.
CORDEL EMBALAGENS LTDA.
SALUTE INDÚSTRIA DE PAPELÃO ONDULADO LTDA.
Main Suppliers -
Foreign:
Not Informed
Main
clients - Brazil:
RESINAC POLIMEROS LTDA.
WAL MART BRASIL LTDA.
SANY DO BRASIL IND. E COM. DE PRODUTOS DE
LIMPEZA LTDA.
DETERLIMP INDÚSTRIA E COMÉRCIO DE
DETERGENTES LTDA.
Public Records Information
Negative information was found.
Remarks
Contacted Mr. Edson Minto and Celio
Jardim, we requested the balance sheet of 2007/2006/2005, 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
This is a company of small size in their field of activity. Meanwhile,
suppliers consulted had good references and to this date not inform any
problems with payments.
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%)