MIRA INFORM REPORT
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Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SPTEX COMERCIO DE TECIDOS LTDA |
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Registered Office : |
Rod. Darly Santos - Estrada De Capuaba, 2025 G4 - Nossa Senhora Da
Penha 29.110-340 - Vila Velha/Es |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.07.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade of Fabrics |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 400.000,00 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Brazil |
A2 |
A2 |
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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 |
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Off-credit |
D |
Company name
SPTEX COMERCIO DE
TECIDOS LTDA
company ADDRESSES
|
MAIN ADDRESS: |
ROD. DARLY |
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ZIP CODE/CITY: |
29.110-340 - VILA VELHA/ES |
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PHONE: |
27 2121-1455 |
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E-MAIL: |
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BRANCHES: |
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ADDRESS: |
AV. BOLONHA,654 SUB SOLO - 2º ANDAR |
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ZIP CODE/CITY: |
05334-000 SÃO PAULO/SP |
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PHONE: |
11 3714-3696 |
LEGAL DATA
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MAIN ACTIVITIES: |
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TRADE OF FABRICS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
07/07/2004 |
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REGISTER DATE: |
07/07/2004 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
06.900.696/0001-99 |
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STATE REGISTER: |
82.290.571 |
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SHARE CAPITAL: |
R$ 5.960.000,00 |
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BOARD OF
DIRECTORS: |
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CRISTIANE CASSIA NAHAS SALLUM |
DIRECTOR |
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MARCIO MAURICIO NAHAS |
DIRECTOR |
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DANIELLA NACCACHE CASSIA CURI |
DIRECTOR |
|
GUILHERME ROMEU CASSIA |
DIRECTOR |
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PRISCILA NACCACHE CASSIA ATALLAH |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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CASSIA NAHAS ADMINISTRAÇÃO DE BENS LTDA |
R$ 5.930.200,00 |
|
MARCIO MAURICIO NAHAS |
R$ 5.960,00 |
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DANIELLA NACCACHE CASSIA CURI |
R$ 5.960,00 |
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GUILHERME ROMEU CASSIA |
R$ 5.960,00 |
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PRISCILA NACCACHE CASSIA ATALLAH |
R$ 5.960,00 |
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CRISTIANE CASSIA NAHAS SALLUM |
R$ 5.960,00 |
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AFFILIATES /
SUBSIDIARIES: |
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N.S. NAHAS ADMINISTRAÇÃO DE BENS LTDA |
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MATHILDE ZAHR CASSIA ADMINISTRAÇÃO DE BENS |
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TRICASSIA ADMINISTRAÇÃO DE BENS LTDA |
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TECIDOS CASSIA NAHAS LTDA |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JULY 07, 2004 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- CONTACTS WERE MADE THROUGH TELEPHONE NUMBER 11 3315-5555, WHICH
BELONGS TO THE RELATED PARTY TECIDOS CASSIA NAHAS LTDA. |
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PUBLIC RECORDS
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2010 |
31/12/2009 |
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CASH AND CASH EQUIVALENTS |
1.256.388,40 |
1.251.406,24 |
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CLIENTS |
4.807.234,10 |
5.390.842,90 |
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ADVANCE TO SUPPLIERS |
2.023.299,97 |
762.874,48 |
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INVENTORY |
5.756.138,81 |
1.322.850,38 |
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IMPORTS IN PROGRESS |
65.430,25 |
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RECOVERABLE TAXES |
429.901,24 |
49.649,36 |
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OTHER |
,98 |
5.134,50 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
14.338.393,75 |
8.782.757,86 |
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LONG-TERM
RECEIVABLES: |
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GRANTED LOANS |
4.388,57 |
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---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
4.388,57 |
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FIXED ASSETS: |
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FIXED ASSETS |
2.749,16 |
2.516,53 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
2.749,16 |
2.516,53 |
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================ |
================ |
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TOTAL ASSETS |
14.345.531,48 |
8.785.274,39 |
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LIABILITIES: |
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CURRENT: |
31/12/2010 |
31/12/2009 |
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SUPPLIERS |
5.927.109,17 |
1.457.903,90 |
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SOCIAL OBLIGATIONS |
10.447,09 |
29.801,74 |
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TRIBUTARY OBLIGATIONS |
99.440,74 |
111,37 |
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OTHER |
8.080,83 |
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LABOR OBLIGATIONS |
|
1.142,00 |
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ACCOUNTS PAYABLE |
|
13.283,06 |
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PROVISIONS |
|
232.742,27 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
6.045.077,83 |
1.734.984,34 |
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NET EQUITY: |
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SHARE CAPITAL |
5.930.000,00 |
5.930.000,00 |
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PROFIT RESERVES |
2.370.453,65 |
1.120.290,05 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
8.300.453,65 |
7.050.290,05 |
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================ |
================ |
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TOTAL LIABILITIES |
14.345.531,48 |
8.785.274,39 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN REAIS ). |
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31/12/2010 |
31/12/2009 |
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GROSS SALES |
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7.416.448,72 |
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(-) TAXES ON SALES |
|
1.705.596,84 |
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---------------- |
---------------- |
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NET SALES |
24.813.116,40 |
5.710.851,88 |
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(-) COST OF SOLD GOODS |
23.108.939,75 |
5.196.302,52 |
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---------------- |
---------------- |
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GROSS PROFIT |
1.704.176,65 |
514.549,36 |
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OPERATING REVENUE (EXPENSE) |
-472.941,22 |
104.776,33 |
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FINANCIAL REVENUE(EXPENSE) |
638.242,45 |
51.708,82 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
1.869.477,88 |
671.034,51 |
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CONTRIBUTION/INCOME TAX |
-619.324,38 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
1.250.153,50 |
671.034,51 |
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MONTHLY SALES |
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2011 |
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--------------------- |
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JANUARY |
R$ 1.114.808,86 |
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FEBRUARY |
R$ 794.261,67 |
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MARCH |
R$ 1.306.667,30 |
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APRIL |
R$ 1.459.973,56 |
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MAY |
R$ 1.015.361,24 |
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JUNE |
R$ 677.238,20 |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 6.368.310,83 |
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RATIOS: |
31/12/2010 |
31/12/2009 |
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QUICK RATIO |
1,42 |
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4,30 |
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CURRENT RATIO |
2,37 |
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5,06 |
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ACCOUNTS RECEIVABLE TURNOVER |
5,16 |
TIMES |
1,06 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
69,75 |
DAYS |
339,83 |
DAYS |
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INVENTORY TURNOVER |
4,01 |
TIMES |
3,93 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
92,33 |
DAYS |
101,00 |
DAYS |
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RETURN ON ASSETS |
1,73 |
TIMES |
,65 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
2,99 |
TIMES |
,81 |
TIMES |
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NET WORTH TIE-UP |
,00 |
|
,00 |
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INDEBTEDNESS |
,73 |
|
,25 |
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EQUITY RATIO |
57,86 |
% |
80,25 |
% |
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WORKING CAPITAL RATIO |
137,19 |
% |
406,22 |
% |
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GENERAL SOLVENCY |
2,37 |
|
5,06 |
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RETURN ON NET EQUITY |
15,06 |
% |
9,52 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
5,04 |
% |
11,75 |
% |
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GROSS PROFIT MARGIN |
6,87 |
% |
9,01 |
% |
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OPERATIONAL RESULT |
7,53 |
% |
11,75 |
% |
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SALES TURNOVER ON LIABILITIES |
4,10 |
TIMES |
3,29 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 1,55 |
- OFFICIAL RATE ON 04/07/2011 |
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US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
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US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND SATISFACTORY LEVEL
OF INDEBTEDNESS. IN ADDITION IT IS NOTED HIGH GROWING SALES AND
PROFITABILITY. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
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NOT AVAILABLE. |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
|
TRADE OF FABRICS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 4 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 2004. SO FAR IT HAS A CLEAR TRADE
HISTORY BUT ITS PAYMENT BEHAVIOUR AND ITS REPUTATION ARE STILL UNKNOWN FOR
THE LOCAL SOURCES CONSULTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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NO PAYMENT RECORD IS REGISTERED. |
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 USD 400.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.63.86 |
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.