MIRA INFORM REPORT
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Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAMA SA - MINERAÇÕES ASSOCIADAS |
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Registered Office : |
Mina De Cana Brava, S/Nº, Caixa Postal: 01, Postal Code 76450-000 -
Minaçu/Go |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.08.1939 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Extraction of Amiantum |
RATING & COMMENTS
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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 : |
USD 1.000.000,00 |
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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 – 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
SAMA S/A -
MINERAÇÕES ASSOCIADAS
compaNY ADDRESSES
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MAIN ADDRESS: |
MINA DE CANA BRAVA, S/Nº, CAIXA POSTAL: 01 |
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ZIP CODE/CITY: |
76450-000 - MINAÇU/GO |
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PHONE: |
62 3379-8100 |
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FAX: |
62 3379-8181 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA DR. FERNANDES COELHO, 85 7º ANDAR - PINHEIROS |
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ZIP CODE/CITY: |
05423-040 SÃO PAULO/SP |
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PHONE: |
11 3817-1717 |
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FAX: |
11 3870-1655 |
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CNPJ: |
15.104.599/0013-14 |
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STATE REGISTER: |
113.634.486.113 |
LEGAL DATA
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MAIN ACTIVITIES: |
|
EXTRACTION OF AMIANTUM. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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INCORPORATION DATE: |
25/08/1939 |
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REGISTER DATE: |
25/08/1939 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
15.104.599/0001-80 |
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STATE REGISTER: |
10.014.753-4 |
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SHARE CAPITAL: |
R$ 65.100.000,00 |
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BOARD OF
DIRECTORS: |
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|
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|
RUBENS RELA FILHO |
GENERAL DIRECTOR |
|
ELIO ANTONIO MARTINS |
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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|
ETERNIT S/A |
99,99% |
|
PREL EMPREENDIMENTOS E PARTICIPAÇÕES S/C LTDA |
0,01% |
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AFFILIATES /
SUBSIDIARIES: |
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|
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ENGEDIS DISTRIBUIÇÃO E SERVIÇOS LTDA |
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TEGULA SOLUÇÕES PARA TELHADOS LTDA |
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PRECON GOIÁS INDUSTRIAL LTDA |
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|
WAGNER LTDA |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 25, 1939 AS SANA - MINERACAO DE
AMIANTO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MARCH 06, 2006 IT ALTERED TO
ABOVE-MENTIONED NAME. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
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(RESEARCH DATE: 21/09/2011) |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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ASSETS |
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|
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CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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|
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CASH AND BANKS |
8.690 |
13.596 |
17.489 |
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CLIENTS |
64.300 |
58.772 |
62.878 |
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INVENTORY |
17.570 |
17.439 |
19.697 |
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RECOVERABLE TAXES |
399 |
400 |
584 |
|
OTHER CREDITS |
1.715 |
1.868 |
2.104 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
92.674 |
92.075 |
102.752 |
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LONG-TERM
RECEIVABLES: |
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INTERCOMPANY CREDITS |
23.177 |
21.460 |
16.632 |
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DEFERRED TAXES |
12.915 |
10.172 |
8.763 |
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RECOVERABLE TAXES |
476 |
460 |
564 |
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JUDICIAL DEPOSITS |
2.608 |
1.475 |
1.305 |
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OTHER CREDITS |
6.330 |
1.425 |
1.416 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
45.506 |
34.992 |
28.680 |
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FIXED ASSETS: |
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INVESTMENTS |
2.380 |
2.245 |
2.149 |
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FIXED ASSETS |
44.202 |
36.608 |
33.464 |
|
INTANGIBLE |
1.143 |
391 |
175 |
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
47.725 |
39.244 |
35.788 |
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================ |
================ |
================ |
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TOTAL ASSETS |
185.905 |
166.311 |
167.220 |
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LIABILITIES: |
|
|
|
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CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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SUPPLIERS |
9.221 |
6.146 |
6.375 |
|
LOANS AND FINANCING |
19.419 |
28.656 |
38.013 |
|
SOCIAL / LABOR OBLIGATIONS |
12.609 |
10.534 |
7.540 |
|
TAXES & CONTRIBUTIONS |
15.196 |
9.787 |
7.192 |
|
DEBT WITH RELATED PARTIES |
12.550 |
7.255 |
13.965 |
|
PROVISIONS |
1.191 |
1.248 |
1.073 |
|
OTHER DEBTS |
3.863 |
3.278 |
2.786 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
74.049 |
66.904 |
76.944 |
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LONG TERM
LIABILITIES: |
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|
|
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PROVISIONS |
23.376 |
17.011 |
13.180 |
|
DEFERRED REVENUE |
696 |
267 |
424 |
|
OTHER |
2.505 |
2.263 |
2.045 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
26.577 |
19.541 |
15.649 |
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NET EQUITY: |
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SHARE CAPITAL |
65.100 |
65.100 |
65.100 |
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CAPITAL RESERVES |
342 |
342 |
342 |
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PROFIT RESERVES |
19.837 |
14.424 |
9.185 |
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
85.279 |
79.866 |
74.627 |
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================ |
================ |
================ |
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TOTAL LIABILITIES |
185.905 |
166.311 |
167.220 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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|
31/12/2010 |
31/12/2009 |
31/12/2008 |
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GROSS SALES |
370.645 |
326.215 |
289.766 |
|
(-) TAXES ON SALES |
60.606 |
46.709 |
43.224 |
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---------------- |
---------------- |
---------------- |
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NET SALES |
310.039 |
279.506 |
246.542 |
|
(-) COST OF SOLD GOODS |
149.093 |
130.817 |
122.208 |
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---------------- |
---------------- |
---------------- |
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GROSS PROFIT |
160.946 |
148.689 |
124.334 |
|
OPERATING REVENUE (EXPENSE) |
-76.537 |
-65.339 |
-63.319 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.653 |
-3.884 |
-4.291 |
|
|
---------------- |
---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
82.756 |
79.466 |
56.724 |
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NON-OPERATING RESULT |
|
|
1.815 |
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CONTRIBUTION/INCOME TAX |
-28.543 |
-26.974 |
-20.773 |
|
|
---------------- |
---------------- |
---------------- |
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NET PROFIT (LOSS) |
54.213 |
52.492 |
37.766 |
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RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
1,01 |
|
1,12 |
|
1,08 |
|
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CURRENT RATIO |
1,25 |
|
1,38 |
|
1,34 |
|
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ACCOUNTS RECEIVABLE TURNOVER |
4,82 |
TIMES |
4,76 |
TIMES |
3,92 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
74,66 |
DAYS |
75,70 |
DAYS |
91,81 |
DAYS |
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INVENTORY TURNOVER |
8,49 |
TIMES |
7,50 |
TIMES |
6,20 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
22,27 |
DAYS |
16,91 |
DAYS |
18,78 |
DAYS |
|
RETURN ON ASSETS |
1,67 |
TIMES |
1,68 |
TIMES |
1,47 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
3,64 |
TIMES |
3,50 |
TIMES |
3,30 |
TIMES |
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NET WORTH TIE-UP |
,52 |
|
,46 |
|
,45 |
|
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INDEBTEDNESS |
1,18 |
|
1,08 |
|
1,24 |
|
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EQUITY RATIO |
45,87 |
% |
48,02 |
% |
44,63 |
% |
|
WORKING CAPITAL RATIO |
25,15 |
% |
37,62 |
% |
33,54 |
% |
|
GENERAL SOLVENCY |
1,85 |
|
1,92 |
|
1,81 |
|
|
RETURN ON NET EQUITY |
63,57 |
% |
65,73 |
% |
50,61 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
17,49 |
% |
18,78 |
% |
15,32 |
% |
|
GROSS PROFIT MARGIN |
51,91 |
% |
53,20 |
% |
50,43 |
% |
|
OPERATIONAL RESULT |
26,69 |
% |
28,43 |
% |
23,01 |
% |
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SALES TURNOVER ON LIABILITIES |
4,19 |
TIMES |
4,18 |
TIMES |
3,20 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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|
|
|
|
|
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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 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
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US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED NORMAL CURRENT RATIO AND POSITIVE
WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS SALES RECOVER AND PROFITABILITY.
|
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 4.314.000,00
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.278.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 1.599.000,00
INSURANCE
|
NOT AVAILABLE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
1309-9 / 62 3379-1394 |
|
|
BANCO BRADESCO S/A |
635-1 / 62 3379-1124 |
|
|
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
|
EXTRACTION OF AMIANTUM. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE |
EXPORTS TO:
|
INDIA AND MEXICO. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
ETERNIT S/A |
|
11 3038-3838 |
|
INFIBRA LTDA |
|
19 571-3420 |
|
ISDRALIT INDÚSTRIA E COMÉRCIO LTDA |
|
51 3211-6444 |
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FOREIGN CLIENTS: |
COUNTRY: |
|
|
ETERNIT EVEREST LIMITED |
INDIA |
|
|
MEXLIT INDUSTRIAL S/A DE C.V. |
MEXICO |
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STAFF: |
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THE COMPANY HAS: 614 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS NA OLD AND WELL-ESTABLISHED COMPANY, OPERATING SINCE 1939.
SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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: |
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|
|
|
|
|
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DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ÓRICA BRASIL LTDA |
|
62 2765-9100 |
|
PETROBRAS |
|
62 3232-3717 |
|
SOTREQ |
|
62 3265-6010 |
|
ZARAPLAST S/A |
|
11 6432-5842 |
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PAYMENT HISTORY: |
|
43 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 351 |
|
TOTAL OF PROMPT PAYMENTS: 98% |
|
TOTAL OF DELAYED PAYMENTS: 2% |
|
|
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HIGHEST INVOICE: R$ 92.792,00 |
|
HIGHEST CREDIT: R$ 112.485,00 |
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. THE COMPANY HAS HIGH FINANCIAL POWER AND A CREDIT LIMIT OF USD
1.000.000,00 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.