MIRA INFORM REPORT
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Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMERICA SALES REPRESENTATIVE INDÚSTRIA E
COMÉRCIO LTDA |
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Registered Office : |
Rua Santa Mônica, 105 - Parque Industrial San José , Zip Code 06715-865 - Cotia/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.08.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade Representation |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 300.000,00 |
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Status : |
Satisfactory |
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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 – 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 |
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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
AMERICA SALES
REPRESENTATIVE INDÚSTRIA E COMÉRCIO LTDA
company ADDRESSES
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MAIN ADDRESS: |
RUA SANTA MÔNICA, 105 - PARQUE INDUSTRIAL SAN JOSÉ |
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ZIP CODE/CITY: |
06715-865 - COTIA/SP |
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PHONE: |
11 4614-4258 |
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FAX: |
11 4614-8543 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA TIBAGI, 576 - CONJ. 102 - CENTRO |
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ZIP CODE/CITY: |
80060-110 CURITIBA/PR |
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CNPJ: |
01.125.583/0002-20 |
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STATE REGISTER: |
90438472-09 |
LEGAL DATA
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MAIN ACTIVITIES: |
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TRADE REPRESENTATION. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
06/08/1996 |
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REGISTER DATE: |
08/02/1996 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER (CNPJ): |
01.125.583/0001-40 |
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STATE REGISTER: |
278.143.033.117 |
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SHARE CAPITAL: |
R$ 55.000,00 |
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BOARD OF
DIRECTORS: |
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ALVARO SOUZA RAMOS |
MANAGING PARTNER |
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ANUNCIATA LEDA BENEVIDES RAMOS |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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ALVARO SOUZA RAMOS |
51% |
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ANUNCIATA LEDA BENEVIDES RAMOS |
49% |
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AFFILIATES /
SUBSIDIARIES: |
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NO SHARE INTERESTS IN OTHER COMPANIES WERE NOTED. |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 06, 1996 AS AMERICA SALE'S
REPRESENTATIVE COMÉRCIO, IMPORTAÇÃO, EXPORTAÇÃO E REPRESENTAÇÕES LTDA TO BE
ENGAGED IN THE SAID LINE OF BUSINESS. ON MAY 15, 2000 THE COMPANY ADOPTED THE
ABOVE-MENTIONED NAME. TRADE NAME: "AMERICA SALE'S REPRESENTATIVE". PARTNERS: ALVARO SOUZA RAMOS: BRAZILIAN, MARRIED, CHEMIST, HOLDER OF DOCUMENTS
RG 3.352.976 SSP/SP AND CPF 021.307.778-72, RESIDENTIAL ADDRESS AT RUA
FREDERICO GUARINON, 125, APTO. 111-B, JARDIM AMPLIAÇÃO, ZIP CODE 05713-460,
SÃO PAULO/SP; ANUNCIATA LEDA BENEVIDES RAMOS: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS RG 3.910.420-5 SSP/SP AND CPF 464.692.228-20, RESIDENTIAL
ADDRESS AT RUA FREDERICO GUARINON, 125, APTO. 111-B, JARDIM AMPLIAÇÃO, ZIP
CODE 05713-460, SÃO PAULO/SP. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
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 |
3.711,00 |
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BANKS |
525.709,38 |
302.735,25 |
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INVESTMENTS |
931.605,26 |
1.054.835,90 |
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CLIENTS |
1.481.014,56 |
1.186.748,74 |
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INVENTORY |
420.757,95 |
606.449,31 |
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RECOVERABLE TAXES |
34.753,18 |
59.409,07 |
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ADVANCES |
116.278,11 |
175.392,06 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
3.513.829,44 |
3.385.570,33 |
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LONG-TERM
RECEIVABLES: |
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GUARANTEE DEPOSITS |
9.750,00 |
9.750,00 |
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---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
9.750,00 |
9.750,00 |
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FIXED ASSETS: |
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FIXED ASSETS |
807.700,06 |
520.241,35 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
807.700,06 |
520.241,35 |
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================ |
================ |
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TOTAL ASSETS |
4.331.279,50 |
3.915.561,68 |
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LIABILITIES: |
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CURRENT: |
31/12/2010 |
31/12/2009 |
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SUPPLIERS |
412.680,18 |
522.266,28 |
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TRIBUTARY OBLIGATIONS |
98.809,18 |
274.857,71 |
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SOCIAL OBLIGATIONS |
11.323,18 |
7.883,04 |
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PROVISIONS |
3.095,22 |
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OTHER DEBTS |
56.251,74 |
63.828,54 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
582.159,50 |
868.835,57 |
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NET EQUITY: |
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SHARE CAPITAL |
55.000,00 |
55.000,00 |
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LEGAL RESERVES |
2.991.726,11 |
2.416.650,48 |
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PROFIT SHARING |
-207.000,00 |
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PROFIT (LOSS) OF PERIOD |
909.393,89 |
575.075,63 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
3.749.120,00 |
3.046.726,11 |
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================ |
================ |
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TOTAL LIABILITIES |
4.331.279,50 |
3.915.561,68 |
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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 |
14.086.231,58 |
8.663.291,63 |
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(-) TAXES ON SALES |
5.336.678,55 |
2.439.830,06 |
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---------------- |
---------------- |
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NET SALES |
8.749.553,03 |
6.223.461,57 |
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(-) COST OF SOLD GOODS |
7.039.219,01 |
5.252.291,77 |
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---------------- |
---------------- |
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GROSS PROFIT |
1.710.334,02 |
971.169,80 |
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OPERATING REVENUE (EXPENSE) |
-585.364,56 |
-371.710,95 |
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FINANCIAL REVENUE (EXPENSE) |
-17.730,38 |
197.237,19 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
1.107.239,08 |
796.696,04 |
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NON-OPERATING RESULT |
11.414,19 |
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CONTRIBUTION/INCOME TAX |
-209.259,38 |
-221.620,41 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
909.393,89 |
575.075,63 |
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MONTHLY SALES |
|||
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2011 |
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--------------------- |
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JANUARY |
R$ 964.127,05 |
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FEBRUARY |
R$ 1.009.420,28 |
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MARCH |
R$ 1.441.138,71 |
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APRIL |
R$ 1.309.414,50 |
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MAY |
R$ 1.373.767,43 |
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JUNE |
R$ 1.218.157,45 |
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JULY |
R$ 1.434.408,90 |
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AUGUST |
R$ 1.143.533,00 |
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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$ 9.893.967,32 |
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RATIOS: |
31/12/2010 |
31/12/2009 |
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QUICK RATIO |
5,31 |
|
3,20 |
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CURRENT RATIO |
6,04 |
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3,90 |
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ACCOUNTS RECEIVABLE TURNOVER |
5,91 |
TIMES |
5,24 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
60,94 |
DAYS |
68,65 |
DAYS |
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INVENTORY TURNOVER |
16,73 |
TIMES |
8,66 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
21,11 |
DAYS |
35,80 |
DAYS |
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RETURN ON ASSETS |
2,02 |
TIMES |
1,59 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
2,33 |
TIMES |
2,04 |
TIMES |
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NET WORTH TIE-UP |
,22 |
|
,17 |
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INDEBTEDNESS |
,16 |
|
,29 |
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EQUITY RATIO |
86,56 |
% |
77,81 |
% |
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WORKING CAPITAL RATIO |
503,59 |
% |
289,67 |
% |
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GENERAL SOLVENCY |
7,44 |
|
4,51 |
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RETURN ON NET EQUITY |
24,26 |
% |
18,88 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
10,39 |
% |
9,24 |
% |
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GROSS PROFIT MARGIN |
19,55 |
% |
15,61 |
% |
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OPERATIONAL RESULT |
12,65 |
% |
12,80 |
% |
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SALES TURNOVER ON LIABILITIES |
15,03 |
TIMES |
7,16 |
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$ 1,82 |
- OFFICIAL RATE ON 21/09/2011 |
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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: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD
CURRENT RATIO AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND PROFITABILITY. REMARKS: ACCORDING TO SOURCES AT THE SUBJECT THE SALES GREW DUE TO THE FACT THE
COMPANY DIVERSIFIED ITS LINE OF PRODUCTS AND AS A RESULT THE CLIENT'S
PORTFOLIO ALSO INCREASED, THUS IMPROVING THE COMPANY'S REVENUE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 260.000,00
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.580.000,00
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 193.400,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 15.290,00
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
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BRANCH/PHONE: |
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BANCO BRADESCO S/A |
0837 / 11 5641-9977 |
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BANCO ITAUBANK S/A |
0001 / 11 5687-7997 |
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BANCO ITAÚ S/A |
0265 / 11 3039-9116 |
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BANCO ITAÚ S/A |
0253 |
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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 REPRESENTATION OF EPOXY RESINS AND
ITS AGENTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, KOREA, CHINA AND THAILAND. ANNUAL VALUE: US$ 10.000.000,00 |
EXPORTS TO:
|
URUGUAY. ANNUAL VALUE: US$ 300.000,00 |
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MAIN CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 6 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1996. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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GEORGIA PACIFIC - RESINAS INTERNACIONAIS DO BRASIL |
|
11 4589-5917 |
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RESINAS INTERNACIONAIS LTDA |
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11 4589-5906 |
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SGS POLÍMEROS LTDA |
|
51 3635-1054 |
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FOREIGN
SUPPLIERS: |
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PHONE: |
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ADYTIA BIRLA CHEMICALS THAILAND |
|
66 81 8177-7976 |
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KOLON CHEMICAL CO. LTD. |
|
82 2 3677-6133 |
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KUKDO CHEMICAL CO. LTD. |
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82 2 3282-1540 |
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PAYMENT HISTORY: |
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01 SUPPLIER REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 19 |
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TOTAL OF PROMPT PAYMENTS: 95% |
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TOTAL OF DELAYED PAYMENTS: 5% |
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HIGHEST INVOICE: R$ 300,00 |
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HIGHEST CREDIT: R$ 300,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A FAIR FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
NO ADVERSE INFORMATION 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. AN INITIAL CREDIT LIMIT OF US$ 300.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
UK Pound |
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
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.