MIRA
INFORM REPORT
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Report Date : |
30.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NANSEN S/A INSTRUMENTOS DE PRECISAO. |
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Registered Office : |
Rua José Pedro de Araujo, 960 – Cinco ZIP-32341-560 – Contagem/MG |
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Country : |
Brazil |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
August, 1930 |
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Com. Reg. No.: |
31.300.032.302 |
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Legal Form : |
Private Anonima Company |
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Line of Business : |
Industry of Apparatus for Distribution of Electric Energy. |
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: NANSEN S/A INSTRUMENTOS DE PRECISÃO.
Trade Name: NANSEN
Address: Rua
José Pedro de Araujo, 960 – Cinco
ZIP-32341-560
– Contagem/MG – Brazil.
Phone: (55-31)
3514.3100 / 3359.2000 / 2191.2100
Fax: (55-31)
3359.2135
E-mail: erica@nansen.com.br
Web Site: www.nnsen.com.br
Legal information
Legal Status: Private Anonima
Company (Closed Capital)
Incorporation
date: August, 1930
Register number: 31.300.032.302
Tax contributor
(CNPJ): 17.155.276/0001-41
Registered
capital: R$ 18.119.717,00
on May, 05, 2008
Register number: 3.921.757
State Registration
#: 1860002220140
Number of
employees: 380
Branches: 5
in Brazil
History
Established on August, 1930, chartered at the State Commerce Registration Office of Minas Gerais (JUCEMG) under number 31.300.032.302, into the present registered name.
Partnership:
LIGIA TAVARES ARAUJO - 19,8%
-Brazilian, (joined 07/1959), Married,
CPF/MF-712.106.446-49
MURILO ARAÚJO -
19,8%
-Brazilian, (joined 04/1953), Married,
CPF/MF-008.664.406-82
AGUINALDO PAOLIELLO - 19,6%
-Brazilian, (joined 07/1959), Married,
CPF/MF-000.833.306-82
TARCISIO DA COSTA LAGE - 19,6%
-Brazilian, (joined 11/1960), Married,
CPF/MF-000.472.796-72
MANOEL RICARDO PIRES BAETA DA COSTA - 19,6%
-Brazilian, (joined 07/1959), Married,
CPF/MF-000.320.856-72
Others Shareholders - 1,6%
Management:
EDUARDO PAOLIELLO - Shareholder Director President
-Brazilian, Married, CPF/MF-421.447.956-49
JOSÉ CARLOS VIDAL BASTOS - Shareholder Director
-Brazilian, Married, CPF/MF-663.088.526-00
RENZO RODRIGUES SUDARIO DA SILVA - Shareholder Director
-Brazilian, Married, CPF/MF-421.447.956-49
GERALDO AFONSO PORTO PEDROSA - Shareholder Director
-Brazilian, Married, CPF/MF-509.649.826-72
RICARDO ZIMMER PRADOS - Shareholder Director
-Brazilian, Married, CPF/MF-295.565.976-20
Management Board:
MANOEL RICARDO PIRES BAETA DA COSTA - President
MURILO ARAÚJO - Counselor
OZANIO PIMENTA DA SILVEIRA - Counselor
TARCISIO DA COSTA LAGE -
Counselor
Properties
Not informed
Registered
line of business:
Industry of apparatus for distribution of electric energy.
Main Products:
90% - Meters of electricity
10% - Electrical Equipment
Purchases/Sales:
92% - Domestic market
08% - International market
Related Companies
Stock participation:
NANSEN COMERCIAL S/A - CNPJ/MF-25.402.447/0001-18
-Manoel Ricardo Pires Baeta da Costa - 20,0%
-Tarcisio da Costa Lage - 20,0%
-Aguinaldo Paoliello - 20,0%
-Murilo Araújo - 20,0%
-Ligia Tavares Araújo - 20,0%
FOCUS SOLUÇÕES TECNOLÓGICAS S/A - CNPJ/MF-09.182.985/0001-98
-Nansen S/A Instrumentos de Precisão - 12,6%
SEP SEGURANÇA ELETRÔNICA PATRIMONIAL
LTDA–CNPJ/MF-03.009.928.0001-25
-Tarcisio da Costa Lage - 25,0%
FMC AGROPECUÁRIA LTDA - CNPJ/MF-06.343.809/0001-00
-Nansen S/A Instrumentos de Precisão - 19,6%
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:
31/12/2005– 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 |
45.082 |
39.000 |
30.999 |
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Inventory |
12.820 |
8.470 |
8.883 |
Other Assets
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32.262 |
30.530 |
22.116 |
Long Term Assets
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749 |
724 |
852 |
Fixed Assets
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12.020 |
11.117 |
7.113 |
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Immovable |
10.307 |
9.172 |
5.983 |
Total Assets
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57.102 |
50.117 |
38.112 |
Liabilities
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2007 |
2006 |
2005 |
Current Liabilities
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16.406 |
13.866 |
10.369 |
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Suppliers |
6.327 |
4.529 |
3.654 |
Other
liabilities
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10.079 |
9.337 |
6.715 |
Long Term Liabilities
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1.697 |
1.315 |
1.318 |
Net Equity
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38.999 |
34.936 |
26.425 |
Capital
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18.120 |
18.120 |
18.120 |
Reserves
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475 |
475 |
475 |
Accumulated Profit (Loss)
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19.184 |
15.387 |
7.302 |
Total Liabilities
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57.102 |
50.117 |
38.112 |
Income Statement
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2007 |
2006 |
2005 |
Annual Gross Sales
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115.117 |
104.379 |
89.323 |
Annual Net Sales
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93.553 |
89.476 |
71.232 |
Gross Income
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30.939 |
31.500 |
21.215 |
Operating Income
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8.046 |
12.762 |
4.649 |
Net Income
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5.335 |
8.511 |
3.939 |
Financial Analysis
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2007 |
2006 |
2005 |
Current Ratio
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2,744 |
2,81 |
2,98 |
Current Debt Ratio
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0,42 |
0,39 |
0,39 |
Total Debt Ratio
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0,68 |
0,69 |
0,69 |
Working Capital
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$28.676 |
$25.134 |
$20.630 |
(Dollar rate US$1.00 = R$1,651 (29/05/2008)
Banking
Banco Bradesco S/A.
- branch 2212
Banco Bradesco S/A. -
branch 3484
Banco Itaú S/A. -
branch 1430
Banco Abn Amro Real S/A. -
branch 0377
Banco do Brasil S/A. -
branch 3392
Banco do Brasil S/A. -
branch 2655
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
No returned checks were found either in the name of the
company or partners.
Insurance
Not informed
Payment information
The payment information was obtained
through outside sources and public consulted.
286 invoices
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Information
on purchases: |
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05/2008 |
Last: |
R$ 192
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Average: |
R$ 1.788
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Information
on invoicing: |
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12/2007 |
Highest: |
R$ 9.488
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Average: |
R$ 2.473
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Information on accumulation:
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07/2007 |
Highest: |
R$ 68.604
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Average: |
R$ 5.423
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99% - prompt payments
01% - delays from 08 up to 15 days
Trade References
Main
Suppliers - Brazil:
TRANCIL TRANSFORMADORES COMÉRCIO E INDÚSTRIA
LTDA.
MATRIZARIA E ESTAMPARIA MORILLO LTDA.
COIL TECH CAXIAS PRODUTOS ELÉTRICOS LTDA.
C R$ W INDÚSTRIA E COMÉRCIO DE PLÁSTICOS
LTDA
ARIM COMPONENTES PARA FOGÃO LTDA
Main Suppliers - Foreign:
Not Informed
Main
clients - Brazil:
CEMIG DISTRIBUIÇÃO S/A.
ELEKTRO ELETRICIDADE E SERVIÇOS S/A.
CENTRAIS ELÉTRICAS DE SANTA CATARINA S/A.
COMPANHIA PAULISTA DE FORÇA E LUZ.
S/A DE ELETRIFICAÇÃO DA PARAIBA.
Public Records Information
Negative information was found.
Remarks
11-Contacted Mr. Rafael Gomes – Department Importation, we
requested the balance sheet of 2007/2006/2005, 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 subject is one of the main trading companies in Brazil, its
activities are carried out on a global basis and the company has important
suppliers all over the world. The suppliers interviewed provided good trade
references for this company and so far they reported no payment problems.
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%)