MIRA
INFORM REPORT
|
Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIO DE FERRO AREVALO & JUNIOR LTDA |
|
|
|
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Registered Office : |
Rua Raquel De Queiroz, 3 - Galpão 01 - Jardim Recanto Das Rosas
06149-340 - Osasco/Sp |
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Country : |
Brazil |
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|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.11.1982 |
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Wholesale of Metallic Residues and Scraps. |
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|
|
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No. of Employees : |
147 |
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 : |
US$ 300.000,00 |
|
Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 and address
COMERCIO DE FERRO AREVALO & JUNIOR LTDA
ADDRESSES
|
MAIN ADDRESS: |
RUA RAQUEL DE QUEIROZ, 3 - GALPÃO 01 - JARDIM RECANTO DAS ROSAS |
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ZIP CODE/CITY: |
06149-340 - OSASCO/SP |
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PHONE: |
11 2246-4998 |
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FAX: |
11 2246-4998 |
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E-MAIL: |
cofarja@cofarja.com.br |
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WEB SITE: |
www.cofarja.com.br |
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BRANCHES: |
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ADDRESS: |
RUA RAQUEL DE QUEIROZ, 3 - JARDIM RECANTO DAS ROSAS |
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ZIP CODE/CITY: |
06149-340 OSASCO/SP |
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CNPJ: |
52.009.693/0004-20 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE OF METALLIC RESIDUES AND SCRAPS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
08/11/1982 |
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REGISTER DATE: |
08/11/1982 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
52.009.693/0001-87 |
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STATE REGISTER: |
492.008.070.113 |
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|
|
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SHARE CAPITAL: |
R$ 500.000,00 |
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LAST REGISTER OF CAPITAL: |
03/03/2011 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSE ANTONIO COUZO ARÉVALO JUNIOR |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
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|
|
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|
JOSE ANTONIO COUZO ARÉVALO JUNIOR |
95% |
|
LOURDES MANHOLER COUZO ARÉVALO |
5% |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
|
COMERCIO DE APARAS NOVA GRANADA LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 08, 1982 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "COFARJA". PARTNERS: JOSE ANTONIO COUZO ARÉVALO JUNIOR: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 041.015.918-22 AND RG 9.624.845-2 SSP/SP RESIDENTIAL
ADDRESS AT RUA BAICURI, 360, APTO 10, JARDIM BOAÇAVA, ZIP CODE 05469.030, SÃO
PAULO/SP; LOURDES MANHOLER COUZO ARÉVALO: BRAZILIAN, WIDOWER, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 042.606.968-40 AND RG 4.661.535 SSP/SP RESIDENTIAL
ADDRESS AT RUA ORQUÍDEA, 202, JARDIM DAS FLORES, ZIP CODE 06112-070,
OSASCO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
STATE LAWSUITS |
18/12/09 |
2ª VARA DE SP-OSASCO |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
|
CASH |
1.134,55 |
695,88 |
|
|
BANKS |
-2.537.246,47 |
-1.048.108,34 |
|
|
INVESTMENTS |
171.129,31 |
16.411,20 |
|
|
CLIENTS |
1.789.637,71 |
141.282,47 |
|
|
DISCOUNTED NOTES |
-1.596.339,89 |
-503.048,05 |
|
|
INVENTORY |
8.727.736,30 |
1.172.575,52 |
|
|
TAX CREDITS |
340.455,81 |
340.494,13 |
|
|
PRE PAID EXPENSES |
590.976,74 |
467.784,53 |
|
|
|
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
7.487.484,06 |
588.087,34 |
|
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LONG-TERM
RECEIVABLES: |
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|
|
|
|
|
|
|
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INVESTMENTS |
4.889.479,72 |
|
|
|
|
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
4.889.479,72 |
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|
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FIXED ASSETS: |
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|
|
|
|
|
|
|
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FIXED ASSETS |
29.738.934,81 |
20.071.057,02 |
|
|
INTANGIBLE |
10.400,00 |
10.400,00 |
|
|
DEPRECIATIONS |
-4.289.917,50 |
-2.243.484,72 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
25.459.417,31 |
17.837.972,30 |
|
|
|
================ |
================ |
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|
TOTAL ASSETS |
37.836.381,09 |
18.426.059,64 |
|
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LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
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SUPPLIERS |
9.609.587,54 |
6.739.631,65 |
|
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FINANCING |
15.923.746,02 |
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|
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SOCIAL OBLIGATIONS |
238.758,07 |
219.719,95 |
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TAX LIABILITIES |
67.947,66 |
360.415,69 |
|
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LEASING |
42.382,85 |
630.075,44 |
|
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NOTES PAYABLE |
275.283,88 |
970.000,00 |
|
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OTHER DEBTS |
71.852,17 |
64.761,05 |
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|
|
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
26.229.558,19 |
8.984.603,78 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
4.178.444,47 |
2.086.070,93 |
|
|
INSTALLMENTS TAXES PAYABLE |
775.037,91 |
935.248,73 |
|
|
|
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
4.953.482,38 |
3.021.319,66 |
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NET EQUITY: |
|
|
|
|
|
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|
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SHARE CAPITAL |
200.000,00 |
50.000,00 |
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PROFIT RESERVES |
1.402.831,52 |
1.424.060,68 |
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|
ACCRUED PROFIT (LOSS) |
5.050.509,00 |
4.946.075,52 |
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|
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---------------- |
---------------- |
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TOTAL NET EQUITY |
6.653.340,52 |
6.420.136,20 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
37.836.381,09 |
18.426.059,64 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
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GROSS SALES |
101.729.263,90 |
60.676.295,61 |
|
|
(-) TAXES ON SALES |
6.107.634,40 |
2.863.977,57 |
|
|
|
---------------- |
---------------- |
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NET SALES |
95.621.629,50 |
57.812.318,04 |
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|
(-) COST OF SOLD GOODS |
78.596.881,52 |
44.660.711,83 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
17.024.747,98 |
13.151.606,21 |
|
|
OPERATING REVENUE (EXPENSE) |
-14.574.085,32 |
-10.428.860,87 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-1.535.531,38 |
-809.450,49 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
915.131,28 |
1.913.294,85 |
|
|
NON-OPERATING RESULT |
-22.783,56 |
-19.793,81 |
|
|
CONTRIBUTION/INCOME TAX |
-712.921,58 |
-626.924,27 |
|
|
|
---------------- |
---------------- |
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|
NET PROFIT (LOSS) |
179.426,14 |
1.266.576,77 |
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|
MONTHLY SALES |
|||
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|
2011 |
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|
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|
--------------------- |
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JANUARY |
R$ 7.834.308,58 |
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FEBRUARY |
R$ 11.757.376,34 |
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MARCH |
R$ 12.694.490,55 |
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APRIL |
R$ 13.894.015,42 |
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MAY |
R$ 16.437.261,60 |
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JUNE |
R$ 14.323.701,61 |
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JULY |
R$ 13.740.952,09 |
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AUGUST |
R$ 14.131.121,94 |
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|
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SEPTEMBER |
R$ 14.911.311,09 |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
|
|
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TOTAL |
R$
119.724.539,22 |
|
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
|
|
QUICK RATIO |
-,05 |
|
-,07 |
|
|
|
|
CURRENT RATIO |
,29 |
|
,07 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
53,43 |
TIMES |
409,20 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
6,74 |
DAYS |
,88 |
DAYS |
|
|
|
INVENTORY TURNOVER |
9,01 |
TIMES |
38,09 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
44,02 |
DAYS |
54,33 |
DAYS |
|
|
|
RETURN ON ASSETS |
2,53 |
TIMES |
3,14 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
14,37 |
TIMES |
9,00 |
TIMES |
|
|
|
NET WORTH TIE-UP |
4,47 |
|
3,13 |
|
|
|
|
INDEBTEDNESS |
4,69 |
|
1,87 |
|
|
|
|
EQUITY RATIO |
17,58 |
% |
34,84 |
% |
|
|
|
WORKING CAPITAL RATIO |
-71,45 |
% |
-93,45 |
% |
|
|
|
GENERAL SOLVENCY |
1,21 |
|
1,53 |
|
|
|
|
RETURN ON NET EQUITY |
2,70 |
% |
19,73 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
,19 |
% |
2,19 |
% |
|
|
|
GROSS PROFIT MARGIN |
17,80 |
% |
22,75 |
% |
|
|
|
OPERATIONAL RESULT |
,96 |
% |
3,31 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
3,65 |
TIMES |
6,43 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 14/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS
LOW LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. ON THE OTHER HAND IT SHOWS HIGH
AND GROWING SALES AND POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
4.708.183,41
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
3.670.947,53
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 15.982.062,72
INSURANCE
NOT AVAILABLE.
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
3390 / 11 4689-4600 |
|
|
BANCO BRADESCO S/A |
2474 / 11 2246-8850 |
|
|
BANCO ITAÚ S/A |
LAPA / 11 3677-3133 |
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|
BANCO SANTANDER (BRASIL) S/A |
11 3553-2700 |
|
|
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
|
WHOLESALE OF METALLIC RESIDUES AND SCRAPS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
AÇOS VILLARES S.A |
|
11 2827-8439 |
|
AMSTED MAXION S/A |
|
19 2118-2192 |
|
ARCELORMITTAL BRASIL S.A |
|
19 3429-3272 |
|
CONTINENTAL AUTOMOTIVE LTDA |
|
11 4596-8000 |
|
HOGANAS BRASIL LTDA |
|
11 4793-7722 |
|
SCHULZ S.A |
|
47 3451-6475 |
|
SIDERÚRGICA VOTORANTIM S.A |
|
11 2575-6641 |
|
TUPY S.A |
|
47 4009-8418 |
|
STAFF: |
|
THE COMPANY HAS: 147 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED FAMILY-OWNED COMPANY, OPERATING
SINCE 1982. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY’S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
FLANAÇO LIGAS ESPECIAIS LTDA |
|
|
|
INDUSTRIA MEC BRAS EST IMBE LTDA |
|
|
|
ITAESBRA IND MECÂNICA LTDA |
|
|
|
JOTAEME FITAFER IND MET LTDA |
|
|
|
RIO NEGRO COM IND AÇO S/A |
|
|
|
TENNECO AUTOMOTIVE BRASIL LTDA |
|
|
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PAYMENT HISTORY: |
|
06 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 56.234,00 |
|
|
|
AMOUNT OF INVOICES PAID: 24 |
|
TOTAL OF PROMPT PAYMENTS: 84,3% |
|
TOTAL OF DELAYED PAYMENTS: 15,7% |
|
|
|
HIGHEST INVOICE: R$ 8.379,00 |
|
HIGHEST CREDIT: R$ 8.379,00 |
FINAL OPINION
|
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$ 300.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
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.