MIRA INFORM REPORT
|
Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
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|
|
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Registered Office : |
Rua Arcenio Gomes Da Silva, 104 - Quadra 02 - Lotes 08 A 12 - Dist. Indl. José Garcia Gimenez, Zip Code 86183-758 - Cambé/Pr |
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Country : |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
22.10.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of textiles |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 750,000.00. |
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|
|
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
company ADDRESSES
|
MAIN ADDRESS: |
RUA ARCENIO GOMES DA SILVA, 104 - QUADRA 02 - LOTES |
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ZIP CODE/CITY: |
86183-758 - CAMBÉ/PR |
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PHONE: |
43 3711-2000 |
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FAX: |
43 3711-2000 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA JOSÉ DOMINGUES ALEXANDRE - S/Nº. - ESQUINA COM AVENIDA |
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ZIP CODE/CITY: |
86800-005 APUCARANA/PR |
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CNPJ: |
02.944.599/0002-28 |
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|
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ADDRESS: |
AVENIDA PARAÍBA, 1182 - CENTRO |
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ZIP CODE/CITY: |
87200-000 CIANORTE/PR |
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CNPJ: |
02.944.599/0003-09 |
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|
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ADDRESS: |
AVENIDA BRASIL, 2920 - |
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ZIP CODE/CITY: |
19013-002 PRESIDENTE PRUDENTE/SP |
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CNPJ: |
02.944.599/0008-13 |
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|
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ADDRESS: |
RUA XV DE NOVEMBRO, 505 - CENTRO |
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ZIP CODE/CITY: |
17015-040 BAURU/SP |
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CNPJ: |
02.944.599/0011-19 |
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|
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ADDRESS: |
AVENIDA ANHANGUERA, 8307 - SETOR |
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ZIP CODE/CITY: |
74503-101 GOIÂNIA/GO |
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CNPJ: |
02.944.599/0007-32 |
|
FURTHER TO THE ABOVE THE COMPANY HAS OTHER 17 BRANCHES LOCATED IN:
CAMPO GRANDE/MS, CUIABÁ/MT, UMUARAMA/PR, DOURADOS/MS, AMERICANA/SP,
UBERLÂNDIA/MG, SINOP/MT, PALMAS/TO, JUIZ DE FORA/MG, NOVA FRIBURGO/RJ,
TAGUATINGA/DF, CARUARU/PE, FORTALEZA/CE, ARACAJU/SE, FEIRA DE SANTANA/BA AND
NATAL/RN. |
LEGAL DATA
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MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
22/10/1998 |
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REGISTER DATE: |
22/10/1998 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER (CNPJ): |
02.944.599/0001-47 |
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STATE REGISTER: |
90180150-96 |
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|
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SHARE CAPITAL: |
R$ 150.000,00 |
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BOARD OF
DIRECTORS: |
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MATILDE DE |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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MATILDE DE |
99% |
|
RAQUEL MARGONAR MARTINS DA COSTA |
1% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
NOT AVAILABLE. |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 1998 AS PARTNERS: MATILDE DE RAQUEL MARGONAR MARTINS DA COSTA: BRAZILIAN, MARRIED, ENTREPRENEUR,
RESIDENTIAL ADDRESS AT RUA RIO TOCANTINS, 490, JARDIM SANTO AMARO, ZIP CODE
86185-020, CAMBÉ/PR, HOLDER OF DOCUMENTS RG 8.067.580-1 SSP/PR AND CPF
034.961.509-80. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC INFORMATION: |
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LAWSUITS: |
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|
|
|
DATE: |
COURT OF LAW: |
|
1 |
MUNICIPAL LAWSUIT |
12/12/07 |
VARA DE BAURU/SP |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/04/2010, 31/12/2009 AND 31/12/2008. |
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(FIGURES ARE IN REAIS). |
|
ASSETS |
|
|
|
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CURRENT: |
30/04/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH |
9.976.574,70 |
94.110,86 |
32.654,87 |
|
BANKS |
2.910.530,09 |
1.111.920,26 |
1.104.791,06 |
|
INVESTMENTS |
4.936.925,55 |
237.314,11 |
2.446.529,61 |
|
CLIENTS |
1.933.003,79 |
1.933.003,79 |
1.401.517,18 |
|
INVENTORY |
22.109.896,09 |
32.284.560,30 |
21.451.773,80 |
|
ADVANCES |
17.316.827,27 |
1.054.043,83 |
2.867.233,41 |
|
RECOVERABLE TAXES |
380.709,04 |
3.284.254,13 |
1.106.682,58 |
|
OTHER CREDITS |
497,02 |
450,68 |
8.800,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
59.564.963,55 |
39.999.657,96 |
30.419.982,51 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
GUARANTEE DEPOSITS |
|
|
3.162,89 |
|
CREDITS |
1.356,78 |
1.541,00 |
14.089,64 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
1.356,78 |
1.541,00 |
17.252,53 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
1.420.534,52 |
1.449.547,66 |
728.658,81 |
|
DEFERRED |
-10.635,20 |
-7.976,40 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
1.409.899,32 |
1.441.571,26 |
728.658,81 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
60.976.219,65 |
41.442.770,22 |
31.165.893,85 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/04/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
39.748.341,13 |
20.703.789,63 |
14.822.413,50 |
|
FOREIGN SUPPLIERS |
597.869,28 |
597.869,28 |
313.333,74 |
|
SOCIAL OBLIGATIONS |
40.648,66 |
61.959,45 |
54.778,95 |
|
TAX LIABILITIES |
339.482,71 |
70.684,51 |
36.418,34 |
|
LABOR OBLIGATIONS |
42.391,60 |
44.009,62 |
25.134,57 |
|
ADVANCES |
4.535.240,43 |
4.535.240,43 |
4.537.674,85 |
|
PROVISIONS |
25.290,62 |
88.951,46 |
46.530,44 |
|
OTHER |
488,65 |
488,62 |
94.950,27 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
45.329.753,08 |
26.102.993,00 |
19.931.234,66 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
14.875.083,35 |
14.883.416,67 |
10.965.500,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
14.875.083,35 |
14.883.416,67 |
10.965.500,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
150.000,00 |
150.000,00 |
150.000,00 |
|
PROFIT RESERVES |
306.360,55 |
306.360,55 |
|
|
ACCRUED PROFIT (LOSS) |
|
|
119.159,19 |
|
PROFIT (LOSS) OF PERIOD |
315.022,67 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
771.383,22 |
456.360,55 |
269.159,19 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
60.976.219,65 |
41.442.770,22 |
31.165.893,85 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/04/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN REAIS). |
|
|
30/04/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
44.984.653,62 |
61.009.635,09 |
45.719.106,49 |
|
(-) TAXES ON SALES |
10.036.791,51 |
14.194.913,97 |
11.000.384,94 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
34.947.862,11 |
46.814.721,12 |
34.718.721,55 |
|
(-) COST OF SOLD GOODS |
32.581.342,97 |
40.447.149,13 |
31.871.956,91 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
2.366.519,14 |
6.367.571,99 |
2.846.764,64 |
|
OPERATING REVENUE (EXPENSE) |
-1.877.362,10 |
-4.957.680,36 |
-2.840.280,76 |
|
FINANCIAL REVENUE (EXPENSE) |
-78.082,58 |
-841.246,74 |
412.559,59 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
411.074,46 |
568.644,89 |
419.043,47 |
|
NON-OPERATING RESULT |
|
-182.218,73 |
300,00 |
|
CONTRIBUTION/INCOME TAX |
-96.051,79 |
|
-120.436,48 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
315.022,67 |
386.426,16 |
298.906,99 |
|
MONTHLY SALES |
|||
|
|
2010 |
2007 |
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 11.017.307,68 |
R$ 762.618,36 |
|
|
FEBRUARY |
R$ 7.281.219,69 |
R$ 668.777,04 |
|
|
MARCH |
R$ 11.957.093,93 |
R$ 1.102.805,11 |
|
|
APRIL |
R$ 14.729.032,92 |
R$ 1.448.574,81 |
|
|
MAY |
R$ 10.061.832,84 |
R$ 1.700.126,73 |
|
|
JUNE |
R$ 7.843.591,81 |
R$ 1.277.516,23 |
|
|
JULY |
R$ 9.457.112,93 |
R$ 737.477,12 |
|
|
AUGUST |
R$ 14.637.028,40 |
R$ 1.608.932,03 |
|
|
SEPTEMBER |
R$ 12.346.341,37 |
R$ 1.650.020,25 |
|
|
OCTOBER |
R$ 13.254.189,27 |
R$ 2.616.230,05 |
|
|
NOVEMBER |
R$ 11.367.601,59 |
R$ 2.671.570,84 |
|
|
DECEMBER |
R$ 8.192.423,03 |
R$ 806.874,22 |
|
|
TOTAL |
R$
132.144.775,46 |
R$ 17.051.522,79 |
|
|
RATIOS: |
30/04/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,83 |
|
,30 |
|
,45 |
|
|
CURRENT RATIO |
1,31 |
|
1,53 |
|
1,53 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
18,08 |
TIMES |
24,22 |
TIMES |
24,77 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
6,64 |
DAYS |
14,86 |
DAYS |
14,53 |
DAYS |
|
INVENTORY TURNOVER |
1,47 |
TIMES |
1,25 |
TIMES |
1,49 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
146,40 |
DAYS |
184,27 |
DAYS |
167,42 |
DAYS |
|
RETURN ON ASSETS |
,57 |
TIMES |
1,13 |
TIMES |
1,11 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
45,31 |
TIMES |
102,58 |
TIMES |
128,99 |
TIMES |
|
NET WORTH TIE-UP |
1,84 |
|
3,18 |
|
2,71 |
|
|
INDEBTEDNESS |
78,05 |
|
89,81 |
|
114,79 |
|
|
EQUITY RATIO |
1,27 |
% |
1,10 |
% |
,86 |
% |
|
WORKING CAPITAL RATIO |
31,40 |
% |
53,24 |
% |
52,62 |
% |
|
GENERAL SOLVENCY |
1,01 |
|
1,01 |
|
1,01 |
|
|
RETURN ON NET EQUITY |
40,84 |
% |
84,68 |
% |
111,05 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,90 |
% |
,83 |
% |
,86 |
% |
|
GROSS PROFIT MARGIN |
6,77 |
% |
13,60 |
% |
8,20 |
% |
|
OPERATIONAL RESULT |
1,18 |
% |
1,21 |
% |
1,21 |
% |
|
SALES TURNOVER ON LIABILITIES |
,77 |
TIMES |
1,79 |
TIMES |
1,74 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,60 |
- OFFICIAL RATE ON 05/04/2011 |
|
US$ 1,00 = R$ 1,73 |
- OFFICIAL RATE ON 30/04/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE IN 2009 SHOWED A FAIR FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS WAS VERY HIGH BUT IT HAD CURRENT RATIO AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES.
IN ADDITION IT, IT SHOWED GROWING SALES AND PROFITABILITY. THE INTERIM FIGURES FOR APRIL 2010 STILL SHOW HIGH LEVEL OF
INDEBTEDNESS BUT THE CURRENT RATIO REMANS GOOD. IT ALSO SHOWS GROWING SALES
AND PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 5.000.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 5.030.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 135.000,00
THE PARTNERS OWN VEHICLES VALUED AT R$ 1.939.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 396.000,00
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
0027-2 / 43 3254-1288 |
CAMBÉ/PR |
|
BANCO DO BRASIL S/A |
0768-4 / 43 3249-9100 |
CAMBÉ/PR |
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES COMMENTS
|
MANUFACTURE OF TEXTILES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ANNUAL VALUE: US$ 10.500.000,00 |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
DOMESTIC
CLIENTS: |
PHONE: |
|
GIGANTE SERGIPE TEC. E CONFECÇÕES LTDA |
43 3323-2518 |
|
LOJÃO DO BRÁS LTDA |
11 6696-5133 |
|
LOJAS TANGER LTDA |
14 3533-4600 |
|
LULLI INDÚSTRIA E COMÉRCIO LTDA |
47 3221-2344 |
|
MAGAZINE PELICANO LTDA |
11 6096-8717 |
|
PAULIMAR CONFECÇÕES LTDA |
11 6694-2111 |
|
TECEBEM BENEFICIAMENTO TEXTIL LTDA |
47 3051-0300 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 277 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1998. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY’S TRADE
REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
PHONE: |
|
ADAR IND. COM. IMP. EXP. LTDA |
67 3521-0501 |
|
ADVANCE INDÚSTRIA TEXTIL LTDA |
11 4596-9300 |
|
ALLTEXTIL LTDA |
11 6694-5151 |
|
ARACHA COMÉRCIO DE FIOS LTDA |
11 3362-8192 |
|
AVATI IND. E COM. IMP. EXP. LTDA |
19 3478-3939 |
|
BEGIANA COMÉRCIO DE FIOS E TECIDOS LTDA |
11 6117-4048 |
|
BRANYL INDÚSTRIA TEXIL LTDA |
19 3491-5021 |
|
BRASTEX S/A |
83 3231-1940 |
|
COCAMAR |
0800-441-719 |
|
COOPERFIBRA |
66 3419-3636 |
|
DAIWA DO BRASIL TEXTIL LTDA |
34 3292-6000 |
|
EXCIM IMP. E EXP. LTDA |
27 3347-1044 |
|
INCOFIOS INDÚSTRIA DE FIOS E MALHAS LTDA |
47 3394-0606 |
|
INDÚSTRIA TÊXTIL TSUZUKI LTDA |
11 4746-7600 |
|
NORFIL |
83 3233-1686 |
|
POLIENKA LTDA |
11 3471-5214 |
|
TÊXTIL ELIANA LTDA |
19 3873-9912 |
|
TOYOBO DO BRASIL |
11 5509-7832 |
|
UNITIKA DO |
19 3468-2288 |
|
PAYMENT HISTORY: |
|
08 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.927.751,00 |
|
|
|
AMOUNT OF INVOICES PAID: 21 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 310.802,00 |
|
HIGHEST CREDIT: R$ 1.297.137,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
4 |
R$ 1.297.137,94 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING BUT A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOR IS NOTED. BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN
TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH. A CREDIT LIMIT OF US$ 750,000.00. MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.71.97 |
|
Euro |
1 |
Rs.63.23 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.