MIRA
INFORM REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
RICEX IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
|
|
Registered Office : |
Avenida Jerônimo Monteiro, 1000 - Sala 1616 - Centro 29010-935 - Vitória/Es |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
24.10.2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Import, Export and Wholesale of Good Products. |
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$ 500.000,00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
RICEX IMPORTAÇÃO E
EXPORTAÇÃO LTDA
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA JERÔNIMO MONTEIRO, 1000 - SALA 1616 - CENTRO |
|
ZIP CODE/CITY: |
29010-935 - VITÓRIA/ES |
|
|
|
|
PHONE: |
27 3233-6602 |
|
E-MAIL: |
financeiro@ricex.com.br |
|
WEB SITE: |
www.ricex.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA TAMBORÉ, 1253 E 1287 - ALPHAVILLE |
|
ZIP CODE/CITY: |
06460-000 BARUERI/SP |
|
PHONE: |
11 2181-0252 |
|
FAX: |
11 2181-0252 |
|
CNPJ: |
04.117.143/0003-09 |
|
|
|
|
ADDRESS: |
AVENIDA CORONEL MARCOS KONDER, 1313 - SALA 309 - CENTRO |
|
ZIP CODE/CITY: |
88301-906 ITAJAÍ/SC |
|
PHONE: |
47 3348-2494 |
|
CNPJ: |
04.117.143/0002-10 |
|
|
|
|
REQUESTED
ADDRESS: |
VIA XVI, Nº 554,
GALPÃO A, SALA 03 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
54590-000 CABO
DE SANTO AGOSTINHO/PE |
|
CNPJ: |
04.117.143/0004-81 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
IMPORT, EXPORT AND WHOLESALE OF GOOD PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
24/10/2000 |
|
REGISTER DATE: |
24/10/2000 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER (CNPJ): |
04.117.143/0001-39 |
|
STATE REGISTER: |
082.095.64-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 360.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
RICARDO CARUSO |
DIRECTOR |
|
MARCELO CARUSO |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
BRILEY FINANCE S/A (URUGUAY) |
50,00% |
|
MERKEL INVESTMENT S/A (URUGUAY) |
50,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
POLIMARE IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
JURIMAR IMPORTADORA E EXPORTADORA LTDA |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 24, 2000 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "RICEX". PARTNERS: BRILEY FINANCE S/A: LEGAL PERSON ESTABLISHED UNDER TAXPAYER # RUC
214101010012 AND CNPJ 05.594.057/0001-80, DOMICILED AT CALLE JUNCAL 1305,
PISO 13, URUGUAY, REPRESENTED BY ITS ATTORNEY RICARDO CARUSO, BRAZILIAN,
DIVORCED, HOLDER OF DOCUMENTS CPF # 060.354.248-48, RG # 3.479.571 SSP/SP,
RESIDENTIAL ADDRESS AT RUA BARÃO DO TRIUNFO, 142, BLOCO A, APTO. 283,
BROOKLIN, ZIP CODE 04602-001, SÃO PAULO/SP; MERKEL INVESTMENT S/A: LEGAL PERSON RESTABLISHED UNDER RUC
214230060016 AND CNPJ 05.594.041/0001-77, DOMICILED AT FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/06/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
151.850,22 |
241.193,33 |
3.144.127,54 |
|
CLIENTS |
6.586.887,09 |
9.704.622,29 |
11.786.758,07 |
|
INVENTORY |
6.784.203,00 |
5.944.559,36 |
9.070.385,08 |
|
RECOVERABLE TAXES |
64.795,24 |
53.402,97 |
3.836.920,10 |
|
JUDICIAL DEPOSITS |
28.452,15 |
33.794,82 |
|
|
OTHER CREDITS |
|
|
523.141,60 |
|
ADVANCES |
1.385.347,55 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
15.001.535,25 |
15.977.572,77 |
28.361.332,39 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
OTHER CREDITS |
23.253,20 |
23.253,20 |
11.718,24 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
23.253,20 |
23.253,20 |
11.718,24 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
84.965,48 |
84.965,48 |
84.965,48 |
|
FIXED ASSETS |
766.806,28 |
651.767,97 |
618.381,37 |
|
DEPRECIATIONS |
-184.872,15 |
-139.643,19 |
-66.187,21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
666.899,61 |
597.090,26 |
637.159,64 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
15.691.688,06 |
16.597.916,23 |
29.010.210,27 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
3.556.373,29 |
7.015.647,97 |
18.234.837,75 |
|
LABOR OBLIGATIONS |
38.585,96 |
|
191.759,19 |
|
ACCOUNTS PAYABLE |
258.156,46 |
288.686,11 |
8.332,83 |
|
LOANS AND FINANCING |
6.563.709,87 |
4.482.649,58 |
5.412.242,11 |
|
TRIBUTARY OBLIGATIONS |
595.178,49 |
535.883,57 |
1.611.895,73 |
|
LABOR PROVISIONS |
56.707,02 |
85.773,01 |
86.786,17 |
|
INSTALLMENTS TAXES PAYABLE |
404.860,47 |
398.382,27 |
215.779,09 |
|
ADVANCE FROM CLIENTS |
994.431,41 |
681.886,64 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
12.468.002,97 |
13.488.909,15 |
25.761.632,87 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
|
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
360.000,00 |
360.000,00 |
360.000,00 |
|
ACCRUED PROFIT (LOSS) |
2.749.007,08 |
1.968.504,52 |
7.485.283,38 |
|
PROFIT (LOSS) OF PERIOD |
114.678,01 |
780.502,56 |
499.034,63 |
|
PROFIT SHARING |
|
|
-5.095.740,61 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
3.223.685,09 |
3.109.007,08 |
3.248.577,40 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
15.691.688,06 |
16.597.916,23 |
29.010.210,27 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/06/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
27.958.828,10 |
59.659.818,03 |
66.507.413,81 |
|
(-) TAXES ON SALES |
7.925.362,52 |
14.051.910,91 |
17.814.285,37 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
20.033.465,58 |
45.607.907,12 |
48.693.128,44 |
|
(-) COST OF SOLD GOODS |
16.307.251,62 |
40.210.883,00 |
40.606.247,19 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
3.726.213,96 |
5.397.024,12 |
8.086.881,25 |
|
OPERATING REVENUE (EXPENSE) |
-3.021.237,21 |
-5.657.485,44 |
-6.314.511,09 |
|
FINANCIAL REVENUE(EXPENSE) |
-540.313,10 |
1.424.859,14 |
-786.930,07 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
164.663,65 |
1.164.397,82 |
985.440,09 |
|
CONTRIBUTION/INCOME TAX |
-49.985,64 |
-383.895,26 |
-486.405,46 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
114.678,01 |
780.502,56 |
499.034,63 |
|
MONTHLY SALES |
|||
|
|
2011 |
2010 |
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 1.804.752,79 |
R$ 3.681.674,94 |
|
|
FEBRUARY |
R$ 3.239.448,00 |
R$ 6.389.223,05 |
|
|
MARCH |
R$ 6.472.629,65 |
R$ 8.355.658,85 |
|
|
APRIL |
R$ 7.409.166,76 |
R$ 3.609.889,73 |
|
|
MAY |
R$ 4.100.446,00 |
R$ 4.416.486,00 |
|
|
JUNE |
R$ 4.272.076,37 |
R$ 3.351.271,24 |
|
|
JULY |
R$ 3.738.555,78 |
R$ 3.431.859,75 |
|
|
AUGUST |
R$ 5.946.268,36 |
R$ 4.555.824,54 |
|
|
SEPTEMBER |
|
R$ 4.026.773,19 |
|
|
OCTOBER |
|
R$ 4.442.962,83 |
|
|
NOVEMBER |
|
R$ 7.168.133,41 |
|
|
DECEMBER |
|
R$ 6.084.623,31 |
|
|
TOTAL |
R$ 36.983.343,71 |
R$ 59.514.380,84 |
|
|
RATIOS: |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,66 |
|
,74 |
|
,75 |
|
|
CURRENT RATIO |
1,20 |
|
1,18 |
|
1,10 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,04 |
TIMES |
4,70 |
TIMES |
4,13 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
59,18 |
DAYS |
76,60 |
DAYS |
87,14 |
DAYS |
|
INVENTORY TURNOVER |
2,40 |
TIMES |
6,76 |
TIMES |
4,48 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
39,26 |
DAYS |
62,81 |
DAYS |
161,66 |
DAYS |
|
RETURN ON ASSETS |
1,28 |
TIMES |
2,75 |
TIMES |
1,68 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
6,21 |
TIMES |
14,67 |
TIMES |
14,99 |
TIMES |
|
NET WORTH TIE-UP |
,24 |
|
,21 |
|
,19 |
|
|
INDEBTEDNESS |
3,87 |
|
4,34 |
|
7,93 |
|
|
EQUITY RATIO |
20,54 |
% |
18,73 |
% |
11,20 |
% |
|
WORKING CAPITAL RATIO |
20,32 |
% |
18,45 |
% |
10,09 |
% |
|
GENERAL SOLVENCY |
1,26 |
|
1,23 |
|
1,13 |
|
|
RETURN ON NET EQUITY |
3,56 |
% |
25,10 |
% |
15,36 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,57 |
% |
1,71 |
% |
1,02 |
% |
|
GROSS PROFIT MARGIN |
18,60 |
% |
11,83 |
% |
16,61 |
% |
|
OPERATIONAL RESULT |
,82 |
% |
2,55 |
% |
2,02 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,61 |
TIMES |
3,38 |
TIMES |
1,89 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,78 |
- OFFICIAL RATE ON 20/09/2011 |
|
US$ 1,00 = R$ 1,56 |
- OFFICIAL RATE ON 30/06/2011 |
|
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 ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. IT SHOWS
HIGH LEVEL OF INDEBTEDNESS MAINLY DUE TO ITS HIGH TRADE DEBTS BUT IT HAS
NORMAL CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT, CONSIDERED
SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. SALES DROPPED BUT MADE
PROFIT. THE INTERIM FIGURES FOR JUNE 2011 SHOW THAT THE INDEBTEDNESS KEEPS
HIGH BUT THE CURRENT RATIO IS NORMAL. IN ADDITION IT IS NOTED DOWNWARD SALES
TREND BUT THE OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
THE PARTNERS OWN REAL ESTATE
VALUED AT R$ 600.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
28.600,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 18.117,37
INSURANCE
|
INSURANCE COMPANY: |
PORTO SEGURO CIA DE SEGUROS GERAIS |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
BANCO ITAÚ S/A |
0003 |
|
BANCO SANTANDER (REAL) S/A |
|
|
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
|
IMPORT, EXPORT AND WHOLESALE OF GOOD PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, ARGENTINA AND TURKEY. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
DOMESTIC
CLIENTS: |
|
BM |
|
CALVO |
|
CBA |
|
DOCEIRA CAMPOS JORDÃO |
|
MARBEL |
|
UEGA |
|
STAFF: |
|
THE COMPANY HAS: 44 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2000. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. IT IS A
FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE
REPUTATION AMONG LOCAL TRADE SOURCES THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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: |
|
|
|
DOMESTIC
SUPPLIERS: |
|
NOT AVAILABLE. |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
KAPITAL |
ARGENTINA |
54 2614-050155 |
|
PACIFRE NUT |
CHILE |
56 2857-3064 |
|
VALGAS |
ARGENTINA |
54 2627-435002 |
|
PAYMENT HISTORY: |
|
19 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 135 |
|
TOTAL OF PROMPT PAYMENTS: 94% |
|
TOTAL OF DELAYED PAYMENTS: 6% |
|
|
|
HIGHEST INVOICE: R$ 1.597.499,00 |
|
HIGHEST CREDIT: R$ 2.204.489,00 |
FINAL OPINION
|
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. A CREDIT LIMIT OF US$ 500.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
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.