MIRA INFORM REPORT
|
Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ACL METAIS LTDA |
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|
|
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Registered Office : |
Rua São Marcos,237 - Parque Industrial Ribeiro Do Colegio, Zip Code 18147-000 - Aracariguama/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
25.03.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade, Import and Export of Metallurgic Raw Material, Agricultural and
Chemical Raw Material. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1.000.000,00 |
|
Status : |
Moderate |
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Payment
Behaviour : |
Slow but Correct |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Brazil |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
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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 |
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Off-credit |
D |
Company name
ACL METAIS LTDA
Company ADDRESSES
|
MAIN ADDRESS: |
RUA SÃO MARCOS,237 - PARQUE INDUSTRIAL RIBEIRO DO COLEGIO |
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ZIP CODE/CITY: |
18147-000 - ARACARIGUAMA/SP |
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PHONE: |
11 4204-2000 |
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FAX: |
11 4204-2000 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AV MARCOS KONDER,950 ED. VALENTIN CENTER, SALA L4 - CENTRO |
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ZIP CODE/CITY: |
88301-906 ITAJAÍ/SC |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
TRADE, IMPORT AND EXPORT OF METALLURGIC RAW MATERIAL, AGRICULTURAL AND
CHEMICAL RAW MATERIAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
25/03/1997 |
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REGISTER DATE: |
27/05/1997 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
01.858.634/0001-42 |
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STATE REGISTER: |
734.060.252.110 |
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|
|
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SHARE CAPITAL: |
R$ 200.000,00 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
ANTONIO CARLOS FERRARI DE CAMPOS |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ANTONIO CARLOS FERRARI DE CAMPOS |
R$ 199.999,00 |
|
ZOUCH VENTURES CORP. |
R$ 1,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ARACARI INDUSTRIA E COMERCIO LTDA. |
|
|
MIRA BENECIAMENTO DE MINERIOS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MARCH 25, 1997 AS ACF METAIS LTDA TO BE
ENGAGED IN THE SAID LINE OF BUSINESS. ON APRIL 20, 1998 IT ALTERED TO
ABOVE-MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME OF "A C F" PARTNERS: ANTONIO CARLOS FERRARI DE CAMPOS: BRAZILIAN, HOLDER OF DOCUMENTS CPF:
026.818.708-87 AND RG 31056830, SP, RESIDENTIAL ADDRESS AT RUA GASPAR
MOREIRA, 471, BUTANTÃ, ZIP CODE 05505-000, SÃO PAULO/SP; ZOUCH VENTURES CORP.: NOT AVAILABLE FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. CRISTINA, FINANCIAL
DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION
UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION:
|
DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE
SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED
TO PROVIDE ANY KIND OF FINANCIAL INFORMATION. OUTSIDE SOURCES CONTACTED SHOWED THE FOLLOWING FINANCIAL DATA ABOUT
THIS COMPANY. NO MORE UPDATE OR COMPLETE IS AVAILABLE. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2008. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
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CURRENT: |
31/12/2008 |
|
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|
|
|
|
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|
CASH AND CASH EQUIVALENTS |
2.690 |
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|
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CLIENTS |
9.867 |
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INVENTORY |
11.490 |
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|
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IMPORTS IN PROGRESS |
1.428 |
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|
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RECOVERABLE TAXES |
6.356 |
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OTHER |
5 |
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---------------- |
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TOTAL CURRENT ASSETS |
31.836 |
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FIXED ASSETS: |
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FIXED ASSETS |
2.485 |
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---------------- |
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TOTAL FIXED ASSETS |
2.485 |
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|
================ |
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TOTAL ASSETS |
34.321 |
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LIABILITIES: |
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CURRENT: |
31/12/2008 |
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|
|
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|
|
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SUPPLIERS |
3.715 |
|
|
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ACCOUNTS PAYABLE |
4.243 |
|
|
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ADVANCES |
3.489 |
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LOANS AND FINANCING |
3.635 |
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SALARY, TAXES & CONTRIB. |
403 |
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|
|
|
---------------- |
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TOTAL CURRENT LIABILITIES |
15.485 |
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|
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LONG TERM
LIABILITIES: |
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DIVIDENDS PAYABLE |
696 |
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|
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---------------- |
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TOTAL LONG TERM LIABILITIES |
696 |
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NET EQUITY: |
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|
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SHARE CAPITAL |
200 |
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ACCRUED PROFIT (LOSS) |
17.940 |
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---------------- |
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TOTAL NET EQUITY |
18.140 |
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|
================ |
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TOTAL LIABILITIES |
34.321 |
|
|
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2008. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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|
31/12/2008 |
|
|
|
|
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GROSS SALES |
98.490 |
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(-) TAXES ON SALES |
22.442 |
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---------------- |
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NET SALES |
76.048 |
|
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(-) COST OF SOLD GOODS |
75.704 |
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|
---------------- |
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GROSS PROFIT |
344 |
|
|
|
OPERATING REVENUE (EXPENSE) |
-4.529 |
|
|
|
FINANCIAL REVENUE(EXPENSE) |
-2.735 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
-6.920 |
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NON-OPERATING RESULT |
7.929 |
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|
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CONTRIBUTION/INCOME TAX |
-436 |
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|
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|
---------------- |
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NET PROFIT (LOSS) |
573 |
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MONTHLY SALES |
|||
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2009 |
2008 |
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--------------------- |
--------------------- |
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JANUARY |
R$ 5.501.755,79 |
R$ 5.108.841,58 |
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FEBRUARY |
R$ 4.580.617,90 |
R$ 7.472.481,33 |
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MARCH |
R$ 6.185.161,20 |
R$ 6.408.997,20 |
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APRIL |
R$ 3.576.836,79 |
R$ 7.535.970,10 |
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MAY |
R$ 4.566.758,41 |
R$ 10.936.709,00 |
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JUNE |
R$ 3.753.689,40 |
R$ 6.867.940,00 |
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JULY |
|
R$ 7.350.188,00 |
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AUGUST |
|
R$ 5.783.687,13 |
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SEPTEMBER |
|
R$ 5.124.444,15 |
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OCTOBER |
|
R$ 5.965.035,35 |
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NOVEMBER |
|
R$ 4.588.660,70 |
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DECEMBER |
|
R$ 4.922.921,00 |
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TOTAL |
R$ 28.164.819,49 |
R$ 78.065.875,54 |
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|
RATIOS: |
31/12/2008 |
|
|
|
QUICK RATIO |
1,31 |
|
|
|
|
|
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CURRENT RATIO |
2,06 |
|
|
|
|
|
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ACCOUNTS RECEIVABLE TURNOVER |
7,71 |
TIMES |
|
|
|
|
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DAYS' SALES IN RECEIVABLES |
46,71 |
DAYS |
|
|
|
|
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INVENTORY TURNOVER |
6,59 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
17,67 |
DAYS |
|
|
|
|
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RETURN ON ASSETS |
2,22 |
TIMES |
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|
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|
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SALES TURNOVER ON NET EQUITY |
4,19 |
TIMES |
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|
|
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NET WORTH TIE-UP |
,14 |
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|
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INDEBTEDNESS |
,89 |
|
|
|
|
|
|
EQUITY RATIO |
52,85 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
105,59 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
2,12 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
3,16 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
,75 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
,45 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
-9,10 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
4,91 |
TIMES |
|
|
|
|
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FOREIGN CURRENCY ON ASSETS |
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|
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,61 |
- OFFICIAL RATE ON 12/08/2011 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2005 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2004 |
|
COMMENTS ON THE FINANCIAL
INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE LATEST FINANCIAL DATA AVAILABLE SHOWS THE COMPANY HAS A GOOD
FINANCIAL STANDING. IT SHOWS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING
CAPITAL AMOUNT, AS WELL AS ACCEPTABLE LEVEL OF INDEBTEDNESS. IN ADDITION IT
IS NOTED PROFITABLE RESULTS. SO FAR, THERE IS NO SIGNS OF FINANCIAL PROBLEMS. THE SUBJECT FINANCIAL
STANDING IS MANAGED PROPERLY. REMARK: THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 274.384,80
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 50.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 178.000,00
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
AG: 3355-3 |
|
|
BANCO SAFRA S/A |
AG: 0112 |
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|
REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE
INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION
WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS. ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY
HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE TRADE OF METALLURGIC RAW MATERIAL, AS
WELL AS RAW MATERIAL FOR AGRICULTURAL AND CHEMICAL INDUSTRY ACTIVITIES. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
SOUTH AFRICA, LUXEMBURG, UNITED STATES AND OTHERS. |
EXPORTS TO:
|
ARGENTINA AND UNITED STATES |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
ACESITA |
|
31 3849-7221 |
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ARCELLOR MITAL |
|
32 3239-1020 |
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BMP SIDERURGIA S/A |
|
32 3239-1020 |
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CIA SIDERÚRGICA BELGO MINEIRA |
|
31 3829-3477 |
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CIA SIDERURGICA NACIONAL - CSN |
|
11 3049-7279 |
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ELECTRO AÇO ALTONA |
|
47 3323-6153 |
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FGF - FUNDIÇÃO GLOBAL FOUNDRY |
|
11 4648-7494 |
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FUPRESA |
|
19 3885-9621 |
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GERDAU |
|
21 2414-6000 |
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TUPY FUNDIÇÕES |
|
47 3441-8213 |
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USINAS SID MINAS GERAIS S/A-USIMINAS |
|
31 3829-3477 |
|
VILLARES METALS S/A |
|
19 3864-8133 |
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STAFF: |
|
|
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THE COMPANY HAS: 16 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A FAMILY-RUN COMPANY OPERATING SINCE 1997. IT IS NOTED
A HIGH SCALE OF ACTIVITIES AND A CLEAR TRADE RECORD. THE COMPANY HAS TRADE RELATIONS WITH SOME SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
|
MAIN SUPPLIERS: |
|
|
|
|
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|
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DOMESTIC
SUPPLIERS: |
|
|
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BRASILIA MAQUINAS E FERRAMENTAS LTDA |
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|
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CIA BRASILEIRA DE METALURGICA E MINERAÇÃO |
|
34 3669-3351 |
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ETIL COM, DE MATERIAL ELETRONICO LTDA |
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|
ONIXSAT RASTREAMENTO DE VEICULOS LTDA |
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SMD DISTRI. DSISTEMAS METODOS DISTRIB. PROD. INSUMOS BASI |
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|
|
SOUFER INDUSTRIA LTDA |
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|
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TRAXYS |
|
31 3219-1233 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
CONSIDAR |
LUXEMBURG |
|
|
MANGANESE METAL |
SOUTH AFRICA |
|
|
SAMANCOR |
SOUTH AFRICA |
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PAYMENT HISTORY: |
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 635.421,00 |
|
|
|
AMOUNT OF INVOICES PAID: 28 |
|
TOTAL OF PROMPT PAYMENTS: 90% |
|
TOTAL OF DELAYED PAYMENTS: 10% |
|
|
|
HIGHEST INVOICE: R$ 166.600,00 |
|
HIGHEST CREDIT: R$ 187.677,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. DESPITE THE ABSENCE OF UPDATED FINANCIAL DATA A CREDIT LIMIT OF USD
1.000.000,00 MAY BE CONSIDERED. |
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BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
THOUSANDS OF REAIS |
||
|
|
31-12-08 |
|
|
|
ASSETS |
|
% |
|
|
Current Assets |
92.76 |
|
|
|
Fixed Assets |
$ 2,485 |
7.24 |
|
|
TOTAL ASSETS |
$ 34,321 |
100.00 |
|
|
LIABILITIES |
|
|
|
|
Current Liabilities |
$ 15,485 |
45.12 |
|
|
Long-Term Liabilities |
$ 696 |
2.03 |
|
|
TOTAL LIABILITIES |
$ 16,181 |
47.15 |
|
|
Deferred Income |
$ - |
0.00 |
|
|
Net Equity |
$ 18,140 |
52.85 |
|
|
TOTAL LIABILITIES + NET EQUITY |
$ 34,321 |
100.00 |
|
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
Net Sales |
$ 76,048 |
100.00 |
|
|
Costs |
$ 75,704 |
99.55 |
|
|
Gross Profit |
$ 344 |
0.45 |
|
|
Operating expenses |
$ (4,529) |
-5.96 |
|
|
operational Result |
$
(6,920) |
-9.10 |
|
|
Net Profit (loss) |
$ 573 |
0.75 |
|
|
COMPLEMENTARY DATA |
|
|
|
|
Inventory |
$ 11,490 |
|
|
|
Accounts receivable |
$ 9,867 |
|
|
|
Accounts Payable |
$ 3,715 |
|
|
|
Property, plant and equipment |
$ 2,485 |
|
|
|
Purchases |
$ 2,485 |
|
|
|
Financial Expenses |
$ (2,735) |
|
|
|
Foreign Currency Assets |
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
Working Capital |
$ 16,351 |
|
|
|
RATIOS: |
|
|
|
|
QUICK RATIO |
1.31 |
|
|
|
CURRENT RATIO |
2.06 |
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7.71 |
times |
|
|
DAYS' SALES IN RECEIVABLES |
46.71 |
days |
|
|
INVENTORY TURNOVER |
6.59 |
times |
|
|
17.67 |
days |
|
|
|
RETURN ON ASSETS |
2.22 |
times |
|
|
SALES TURNOVER ON NET EQUIY |
4.19 |
times |
|
|
NET WORTH TIE-UP |
0.14 |
|
|
|
ENDEBTEDNESS |
0.89 |
|
|
|
EQUITY RATIO |
52.85 |
% |
|
|
WORKING CAPITAL RATIO |
105.59 |
% |
|
|
GENERAL SOLVENCY |
2.12 |
|
|
|
RETURN ON NET EQUITY |
3.16 |
% |
|
|
RETURN ON SALES (PROFIT
MARGIN) |
0.75 |
% |
|
|
GROSS PROFIT MARGIN |
0.45 |
% |
|
|
OPERATIONAL RESULT |
(9.10) |
% |
|
|
SALES TURNOVER ON LIABILITIES |
4.91 |
times |
|
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
|
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.37 |
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 |
|
---- |
NB |
New Business |
---- |
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.