MIRA
INFORM REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
LOJAS RENNER S/A |
|
|
|
|
Registered Office : |
Avenida Joaquim Porto Villanova,401 - Jardim Carvalho 91410-400 - Porto Alegre/Rs |
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Country : |
Brazil |
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|
|
Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
10.06.1965 |
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Legal Form : |
Publicly Held Corporation |
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|
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Line of Business : |
The Retail Sale of Goods in General |
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$ 3.000.000,00. |
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|
|
Status : |
Good |
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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 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name
LOJAS RENNER S/A
ADDRESSES
|
|
MAIN ADDRESS: |
AVENIDA JOAQUIM PORTO VILLANOVA,401 - JARDIM CARVALHO |
|
ZIP CODE/CITY: |
91410-400 - PORTO ALEGRE/RS |
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PHONE: |
51 3272-2580 |
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FAX: |
51 2121-7161 |
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E-MAIL: |
lojasrenner@lojasrenner.com.br |
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WEB SITE: |
www.lojasrenner.com.br |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA PROVENZANO,55 - ANCHIETA |
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ZIP CODE/CITY: |
90200-200 PORTO ALEGRE/RS |
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CNPJ: |
92.754.738/0027-00 |
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STATE REGISTER: |
096/2609722 |
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|
|
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ADDRESS: |
ESTRADA SADAE TAKAGI,2290 - COOPERATIVA |
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ZIP CODE/CITY: |
09852-070 SÃO BERNARDO DO CAMPO/SP |
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|
|
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ADDRESS: |
AVENIDA PEDRA BRANCA - S/Nº. - ESQUINA COM AVENIDA DAS UNIVERSIDADES,0
- PEDRA BRANCA |
|
ZIP CODE/CITY: |
88137-270 PALHOÇA/SC |
|
PHONE: |
48 3733-9200 |
|
CNPJ: |
92.754.738/0111-05 |
|
STATE REGISTER: |
255.331.126 |
|
THE COMPANY HAS OTHERS BRANCHES LOCATED IN: PELOTAS/RS, PORTO
ALEGRE/RS, CANOAS/RS, SANTA MARIA/RS, RIO GRANDE/RS, NOVO HAMBURGO/RS,
FLORIANÓPOLIS/SC, SANTA CATARINA/SC, JOINVILLE/SC, CURITIBA/PR, CAXIAS DO
SUL/RS, SÃO BERNARDO DO CAMPO/SP, SÃO PAULO/SP, SOROCABA/SP, GUARULHOS/SP,
SÃO JOSÉ DOS CAMPOS/SP, RIBEIRÃO PRETO/SP, RIO DE JANEIRO/RJ, BELO HORIZONTE/MG,
VOLTA REDONDA/RJ, NITEROI/RJ AND GOIANA/SP. |
LEGAL DATA
|
|
MAIN ACTIVITIES: |
|
THE SUBJECT IS ENGAGED IN THE RETAIL SALE OF GOODS IN GENERAL. IT IS
ONE OF THE MOST IMPORTANT NETWORKS OF RETAIL STORES IN THE COUNTRY TRADING A
WIDE RANGE OF GOODS. |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
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|
|
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INCORPORATION DATE: |
10/06/1965 |
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REGISTER DATE: |
10/06/1965 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
92.754.738/0001-62 |
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STATE REGISTER: |
EXEMPT |
|
|
|
|
SHARE CAPITAL: |
R$
414.125.775,00 |
|
LAST REGISTER OF CAPITAL: |
17/08/2011 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSÉ GALLÓ |
PRESIDENT DIRECTOR |
|
HAROLDO LUIZ RODRIGUES FILHO |
PURCHASE DIRECTOR |
|
LEANDRO FACHIN BALBINOT |
DIRECTOR |
|
CLARICE MARTINS COSTA |
DIRECTOR |
|
ADALBERTO PEREIRA DOS SANTOS |
INVESTORS RELATIONS DIRECTOR |
|
PAULO JOSÉ MARQUES SOARES |
OPERATIONS DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ABERDEEN ASSET MANAGEMENT PLC |
14,57% |
|
TROWE PRICE |
5,61% |
|
BLACKROCK INC. |
7,34% |
|
OTHERS |
67,45% |
|
SCHRODER INVESTMENT MANAGEMENT LIMITED |
5,03% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
DROMEGON PARTICIPAÇÕES LTDA |
99,99% |
|
RENNER ADMINISTRADORA DE CARTÕES DE CRÉDITO LTDA |
99,99% |
|
RENNER EMPREENDIMENTOS LTDA |
|
|
RENNER ADMINISTRADORA DE CARTOES DE CREDITO LTDA. |
|
|
KEY ATELIE FESTAS LTDA ME |
|
|
HAROLDO LUIZ RODRIGUES FILHO |
|
|
IMBRAPAR PARTICIPAÇÕES SOCIETARIAS S/A |
|
COMPANY'S BACKGROUND
|
|
THE SUBJECT IS ONE OF THE MOST IMPORTANT RETAIL STORES NETWORK IN THE
SOUTH AND SOUTHEAST REGIONS OF BRAZIL. IT HAS CURRENTLY 35 STORES IN A TOTAL
AREA OF 83.134 M2. ORIGINALLY THE SUBJECT WAS A SUBSIDIARY OF A GROUP OF COMPANIES KNOWN
AS ORGANIZAÇÕES RENNER, ESTABLISHED IN 1912 BY MR. A. J. RENNER. TRADING AS
LOJAS RENNER THE SUBJECT HAS ITS FIRST STORE FACILITY OPENED IN 1922. SINCE
ITS INCORPORATION THE SUBJECT HAS EXPERIENCED AN INTERESTING GROWTH WITH THE
INCREASING OF THE KINDS OF PRODUCTS SOLD AND THE NUMBER OF NEW FACILITIES
OPENED. IN 1965 IT WAS ESTABLISHED AS LOJAS RENNER S.A. WHICH IN 1967 STARTED
TRADING AS A PUBLICLY HELD CORPORATION WITH SHARES COTED IN THE LOCAL STOCK
EXCHANGE MARKET. IN THE END OF 1991 THE SUBJECT FACED A TOTAL RESTRUCTURATION PROCESS
AND STARTED TRADING WITH THE STANDARD OF "FULL LINE" STORE. THE
CHANGES WERE VERY MUCH APPRECIATED BY ITS CLIENTS AND SINCE 1993 THE SUBJECT
OPERATES WITH RESULTS HIGHER THAN THE AVERAGE OF OTHER COMPANIES IN THE SAME
LINE OF BUSINESS. IN 1994 THE SUBJECT OPENED ITS FIRST STORES OUT OF RIO GRANDE DO SUL
STATE. THE STORES ARE LOCATED IN SANTA CATARINA STATE IN THE CITIES OF
FLORIANÓPOLIS AND JOINVILLE. IN 1996 IT OPENED ITS FIRST STORE IN PARANA
STATE, LOCATED IN CURITIBA CITY AND IN 1997 IT OPENED ITS FIRST STORE IN SÃO
PAULO STATE, WITH THE FIRST STORE IN BERNARDO DO CAMPO AND OTHER TWO STORES
IN SOROCABA AND GUARULHOS WERE OPENED IN 1998. ON DECEMBER 22, 1998 THE SUBJECT WAS ACQUIRED BY THE COMPANY J. C.
PENNEY BRAZIL, INC. THE ACQUISITION WAS CARRIED OUT BY ITS SUBSIDIARY J.C.
PENNEY BRASIL INVESTIMENTOS LTDA. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
5 PROTESTS,TOTAL AMOUNT R$
19.148,39 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE SÃO BERNARDO DO CAMPO/SP |
26/10/2011 |
R$ 13.510,36 |
|
1º CARTÓRIO DE BELEM/PA |
27/05/2011 |
R$ 1.945,23 |
|
1º CARTÓRIO DE BRASILIA/SF |
21/10/2011 |
R$ 2.496,80 |
|
1º CARTÓRIO DE BELO HORIZONTES/MG |
18/12/2006 |
R$ 598,00 |
|
3º CARTÓRIO DE BELO HORIZONTE/MG |
18/01/2007 |
R$ 598,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
11 |
STATES LAWSUITS |
02/07/11 |
1º VARA DE SÃO BERNARDO DO CAMPO/SP |
|
4 |
MUNICIPAL LAWSUITS |
15/10/10 |
VARA DE CAMPINAS/SP |
FINANCIAL INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
594.864 |
457.538 |
410.713 |
|
CLIENTS |
172.032 |
505.484 |
696.196 |
|
INVENTORY |
374.705 |
275.950 |
203.693 |
|
ACCOUNTS RECEIVABLE |
13.504 |
30.246 |
24.812 |
|
RECOVERABLE TAXES |
22.297 |
18.487 |
15.931 |
|
DEFERRED TAXES |
|
|
49.240 |
|
PRE PAID EXPENSES |
9.928 |
10.277 |
3.993 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.187.330 |
1.297.982 |
1.404.578 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
6.031 |
9.508 |
9.443 |
|
INVESTMENTS |
150.000 |
150.000 |
|
|
RECOVERABLE TAXES |
13.081 |
12.607 |
11.726 |
|
DEFERRED TAXES |
52.973 |
75.457 |
13.737 |
|
OTHER CREDITS |
4.699 |
5.872 |
5.245 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
226.784 |
253.444 |
40.151 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
182.334 |
22.743 |
12.926 |
|
FIXED ASSETS |
464.642 |
406.998 |
351.792 |
|
INTANGIBLE |
83.244 |
66.977 |
46.113 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
730.220 |
496.718 |
410.831 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
2.144.334 |
2.048.144 |
1.855.560 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
LOANS AND FINANCING |
137.931 |
200.314 |
312.467 |
|
SUPPLIERS |
278.110 |
317.078 |
268.061 |
|
TAXES & CONTRIBUTIONS |
63.511 |
145.429 |
140.230 |
|
DIVIDENDS |
|
77.375 |
136.445 |
|
PROVISIONS |
19.047 |
17.581 |
32.294 |
|
SOCIAL / LABOR OBLIGATIONS |
69.333 |
72.082 |
|
|
OTHER DEBTS |
103.130 |
68.062 |
107.127 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
671.062 |
897.921 |
996.624 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISIONS |
34.706 |
43.272 |
26.146 |
|
INTERCOMPANY DEBTS |
9.814 |
17.335 |
|
|
TAXES AND CONTRIBUTIONS |
26.189 |
28.964 |
|
|
LOANS AND FINANCING |
325.266 |
36.415 |
35.271 |
|
OTHER |
8.708 |
2.929 |
19.879 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
404.683 |
128.915 |
81.296 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
414.126 |
408.734 |
402.945 |
|
CAPITAL RESERVES |
188.105 |
173.570 |
156.184 |
|
PROFIT RESERVES |
297.030 |
441.614 |
220.023 |
|
OTHER COMPREHENSIVE INCOME |
8.271 |
-2.610 |
-1.512 |
|
ACCRUED PROFIT (LOSS) |
161.057 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.068.589 |
1.021.308 |
777.640 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
2.144.334 |
2.048.144 |
1.855.560 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
|
|
3.057.622 |
|
(-) TAXES ON SALES |
|
|
714.871 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
2.099.568 |
2.726.604 |
2.342.751 |
|
(-) COST OF SOLD GOODS |
902.517 |
1.209.459 |
1.111.577 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.197.051 |
1.517.145 |
1.231.174 |
|
OPERATING REVENUE (EXPENSE) |
-911.346 |
-1.116.084 |
-951.130 |
|
FINANCIAL REVENUE(EXPENSE) |
10.218 |
27.405 |
-10.621 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
295.923 |
428.466 |
269.423 |
|
NON-OPERATING RESULT |
|
|
-345 |
|
CONTRIBUTION/INCOME TAX |
-78.096 |
-120.438 |
-73.482 |
|
PROFIT SHARING |
|
|
-6.007 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
217.827 |
308.028 |
189.589 |
|
RATIOS: |
30/09/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
1,21 |
|
1,14 |
|
1,21 |
|
|
CURRENT RATIO |
1,77 |
|
1,45 |
|
1,41 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
12,20 |
TIMES |
5,39 |
TIMES |
3,37 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
22,12 |
DAYS |
66,74 |
DAYS |
106,98 |
DAYS |
|
INVENTORY TURNOVER |
2,41 |
TIMES |
4,38 |
TIMES |
5,46 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
83,20 |
DAYS |
94,38 |
DAYS |
86,82 |
DAYS |
|
RETURN ON ASSETS |
,98 |
TIMES |
1,33 |
TIMES |
1,26 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,96 |
TIMES |
2,67 |
TIMES |
3,01 |
TIMES |
|
NET WORTH TIE-UP |
,43 |
|
,40 |
|
,45 |
|
|
INDEBTEDNESS |
1,01 |
|
1,01 |
|
1,39 |
|
|
EQUITY RATIO |
49,83 |
% |
49,87 |
% |
41,91 |
% |
|
WORKING CAPITAL RATIO |
76,93 |
% |
44,55 |
% |
40,93 |
% |
|
GENERAL SOLVENCY |
1,99 |
|
1,99 |
|
1,72 |
|
|
RETURN ON NET EQUITY |
20,38 |
% |
30,16 |
% |
24,38 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
10,37 |
% |
11,30 |
% |
8,09 |
% |
|
GROSS PROFIT MARGIN |
57,01 |
% |
55,64 |
% |
52,55 |
% |
|
OPERATIONAL RESULT |
14,09 |
% |
15,71 |
% |
11,50 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,13 |
TIMES |
3,04 |
TIMES |
2,35 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,56 |
- OFFICIAL RATE ON 26/04/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
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 ANNUAL FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. IT
SHOWS A SLIGHTLY HIGH LEVEL OF INDEBTEDNESS BUT IT HAS GOOD LIQUIDITY RATIOS
AND HIGH WORKING CAPITAL. IN ADDITION, IT SHOWS GROWING SALES AND
PROFITABILITY. THE QUARTERLY FIGURES FOR SEPTEMBER 2011 SHOW MAINTENANCE IN THE
FINANCIALS. THE INDEBTEDNESS KEEPS SLIGHT HIGH BUT THE LIQUIDITY WAS
IMPROVED. IN ADDITION IT IS NOTED GROWING SALES TREND AND THE OPERATIONS ARE
PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
2.543.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
517.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
THE COMPANY MAINTAINS INSURANCE POLICY CONTRACTED WITH MAIN LOCAL
INSURANCE COMPANIES WHICH WERE DEFINED ACCORDING TO EXPERTS' OPINION AND
TAKES INTO ACCOUNT THE NATURE AND LEVEL OF RISK INVOLVED. THE MAIN COVERAGE
ARE: CIVIL LIABILITIES - R$ 57.000.000,00; SUNDRY RISKS - (REAL ESTATE AND INVENTORIES) - R$ 1.003.003.000,00; VEHICLES - R$ 9.104.000,00. |
BANKING REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
897 |
PORTO ALEGRE/RS |
|
BANCO BRADESCO S/A |
268 |
PORTO ALEGRE/RS |
|
BANCO SANTANDER (BRASIL) S/A |
31 |
PORTO ALEGRE/RS |
|
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 RETAIL SALE OF GOODS IN GENERAL. IT IS
ONE OF THE MOST IMPORTANT NETWORKS OF RETAIL STORES IN THE COUNTRY TRADING A
WIDE RANGE OF GOODS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
THE SUBJECT´S MAIN CLIENTS ARE INDIVIDUALS IN GENERAL. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 13000 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1965. IT OPERATES WITH VERY HIGH SCALE OF ACTIVITIES, AND SO FAR SHOWS A
CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN HIGH AMOUNTS. 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. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES ARE CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. IN TERMS
ACCORDING TO THE SUBJECT'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BADUCHI IND. COM. VESTUÁRIO LTDA |
|
51 3343-3801 |
|
BELOCAP PRODUTOS CAPILARES LTDA |
|
21 2131-9607 |
|
CENTRO INTEGRADO EMPRESA ESCOLA DO RS |
|
|
|
CONFEC. DI SELEN LTDA |
|
51 3347-1312 |
|
CONFEC. VANELISE LTDA |
|
51 3474-2170 |
|
COOPERSHOES - COOPERATIVA DE CALCADOS E COMPONENTES JOANETEN |
|
|
|
DOCOL METAIS SANIT LTDA |
|
|
|
EVOLUTION IND. COM. CONF. LTDA |
|
51 3343-9033 |
|
GRENDENE S/A - DEPARTAMENTO DE CREDITO COBRANÇA |
|
|
|
KLIN PRODUTOS INFANTIS LTDA |
|
|
|
TRAMONTINA SUL UTIL. FER. LTDA |
|
54 3262-1400 |
|
PAYMENT HISTORY: |
|
60 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 278.707.591,00 |
|
|
|
AMOUNT OF INVOICES PAID: 4509 |
|
TOTAL OF PROMPT PAYMENTS: 98,8% |
|
TOTAL OF DELAYED PAYMENTS: 1,2% |
|
|
|
HIGHEST INVOICE: R$ 9.173.010,00 |
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HIGHEST CREDIT: R$ 9.173.010,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 91 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
9 |
144 |
R$ 2.612.907,42 |
|
DUE WITHIN 60 DAYS |
11 |
150 |
R$ 2.807.886,62 |
|
DUE WITHIN 90 DAYS |
8 |
194 |
R$ 3.173.022,18 |
|
DUE WITHIN 91 DAYS |
3 |
90 |
R$ 1.449.851,52 |
|
ALL |
14 |
578 |
R$ 10.043.667,74 |
FINAL OPINION
|
|
THE SUBJECT IS ONE OF THE MOST IMPORTANT COMPANIES IN BRAZIL IN ITS
LINE OF BUSINESS. IT HAS A HIGH SCALE OF OPERATIONS AND A HUGE FINANCIAL
POWER. BASED ON THE OVER ALL 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. THE COMPANY HAS PAYMENT CAPACITY AND IS CONSIDERED CREDITWORTHY FOR AN
INITIAL CREDIT LIMIT OF US$ 3.000.000,00. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.82 |
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.