MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

JANDIRA COMÉRCIO DE PRODUTOS ALIMENTÍCIOS LTDA.

 

 

Registered Office :

Rodovia Deputado João Leopoldo Jacomel, 11672 Vila Emi Perneta 83325-185 - Pinhais/Pr

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

07.11.1984

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail Sale of Foodstuffs, Beverage and Tobacco

 

 

No. of Employees :

59

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Exists

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

JANDIRA COMÉRCIO DE PRODUTOS ALIMENTÍCIOS LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RODOVIA DEPUTADO JOÃO LEOPOLDO JACOMEL, 11672 VILA EMI PERNETA

ZIP CODE/CITY:

83325-185 - PINHAIS/PR

 

 

PHONE:

41 3669-6216

FAX:

41 3669-6216

E-MAIL:

ana.colla@eaco.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA JOÃO ZAITTER, 171 A - JARDIM GUAIRAÇÁ

ZIP CODE/CITY:

83.324-21 PINHAIS/PR

CNPJ:

78.565.389/0002-90

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

RETAIL SALE OF FOODSTUFFS, BEVERAGE AND TOBACCO.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

07/11/1984

REGISTER DATE:

17/11/1984

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

78.565.389/0001-00

STATE REGISTER:

13700245-09

 

 

SHARE CAPITAL:

R$ 165.000,00

LAST REGISTER OF CAPITAL:

12/03/1998

 

BOARD OF DIRECTORS:

 

 

 

DENISE SOFIA  WOELLNER

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

DENISE SOFIA WOELLNER

95%

GABRIEL AUGUSTHO BERALDI

5%

 

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE.

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON NOVEMBER 07, 1984 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

PARTNERS:

 

GABRIEL AUGUSTO BERALDI: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF 055.186.119-35, RG 8.873.480-7-PR, RESIDENTIAL ADDRESS AT RUA HERCULANO CARLOS FRANCO DE SOUZA 401, APTO 61, CUTITIBA/PR.

 

DENISE SOFIA WOELLNER: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS CPF 583.073.209-25 ,RG 3.286.463-5 PR, RESIDENTIAL ADDRESS AT RUA HERCULANO CARLOS FRANCO DE SOUZA 401, APTO 61, CURITIBA/PR.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

02  PROTEST,TOTAL AMOUNT R$ 22.657,60

 

DETAILS OF PROTEST:

 

NOTARY OFFICE:

DATE:

VALUE:

CARTÓRIO DE PR-PINHAIS

19/07/2012

R$ 11.335,60

CARTÓRIO DE PR-PINHAIS

16/07/2012

R$ 11.322,00

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

EXECUTIVE LAWSUIT

08/05/12

7ª VARA DE SP-SP-CENTRAL

 

 


FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

CASH AND BANKS

1.680.287,05

5.972.766,09

6.191.800,49

CLIENTS

15.315.886,27

6.211.519,43

5.543.328,83

ADVANCE TO EMPLOYEES

 

217,98

2.360,83

ADVANCE TO SUPPLIERS

 

3.584.910,74

1.468.919,35

RECOVERABLE TAXES

578.754,47

1.113.905,08

725.765,12

INVENTORY

4.338.912,37

3.688.717,74

2.925.405,12

ADVANCES

803.476,02

221.175,26

 

OTHER CREDITS

 

166.092,57

31.482,81

ACCOUNTS RECEIVABLE

 

6.337,38

902.050,00

COLLECTION CHEQUES

 

 

56.775,94

IMPORTS IN PROGRESS

8.792.792,29

 

2.955.237,93

PRE PAID EXPENSES

15.036,05

 

 

 

----------------

----------------

----------------

TOTAL CURRENT ASSETS

31.525.144,52

20.965.642,27

20.803.126,42

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

JUDICIAL DEPOSITS

28.247,54

28.247,54

28.247,54

 

----------------

----------------

----------------

TOTAL LONG-TERM RECEIVABLES

28.247,54

28.247,54

28.247,54

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

1.340.265,12

757.413,12

341.608,89

INVESTMENTS

10.000,00

 

 

 

----------------

----------------

----------------

TOTAL FIXED ASSETS

1.350.265,12

757.413,12

341.608,89

OFF-BALANCE ACCOUNTS

584.533,85

 

3.205.616,32

 

================

================

================

TOTAL ASSETS

33.488.191,03

21.751.302,93

24.378.599,17

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

SUPPLIERS

19.721.589,98

8.044.856,59

11.220.988,58

LOANS AND FINANCING

74.870,48

36.710,67

 

LABOR OBLIGATIONS

259.804,06

283.347,05

130.326,22

TRIBUTARY OBLIGATIONS

479.078,26

489.003,16

121.553,43

ACCOUNTS PAYABLE

 

6.080,17

774,68

PROVISIONS/INCOME TAX

 

1.148.098,53

104.844,87

 

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

20.535.342,78

10.008.096,17

11.578.487,78

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

INSTALLMENTS TAXES PAYABLE

 

 

1.886.265,41

LOANS AND FINANCING

211.016,28

26.700,52

 

TRIBUTARY OBLIGATIONS

1.150.404,51

1.886.265,41

 

DEBT WITH PARTNERS

2.150.680,58

 

 

 

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

3.512.101,37

1.912.965,93

1.886.265,41

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

165.000,00

165.000,00

165.000,00

ACCRUED PROFIT (LOSS)

8.691.213,03

 

 

PROFIT RESERVES

 

9.665.240,83

7.543.229,66

 

----------------

----------------

----------------

TOTAL NET EQUITY

8.856.213,03

9.830.240,83

7.708.229,66

OFF-BALANCE ACCOUNTS

584.533,85

 

3.205.616,32

 

================

================

================

TOTAL LIABILITIES

33.488.191,03

21.751.302,93

24.378.599,17

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

31/12/2010

31/12/2009

 

 

 

 

GROSS SALES

88.869.355,54

75.870.063,82

52.677.548,44

(-) TAXES ON SALES

18.226.969,63

16.031.085,73

13.136.765,20

 

----------------

----------------

----------------

NET SALES

70.642.385,91

59.838.978,09

39.540.783,24

(-) COST OF SOLD GOODS

57.372.638,84

48.404.109,15

33.907.114,77

 

----------------

----------------

----------------

GROSS PROFIT

13.269.747,07

11.434.868,94

5.633.668,47

OPERATING REVENUE (EXPENSE)

-7.535.189,55

-5.331.921,18

-2.665.711,54

FINANCIAL REVENUE(EXPENSE)

-9.118,00

-1.728.958,84

359.491,18

 

----------------

----------------

----------------

OPERATIONAL PROFIT (LOSS)

5.725.439,52

4.373.988,92

3.327.448,11

NON-OPERATING RESULT

146.062,29

90.000,00

500.000,06

CONTRIBUTION/INCOME TAX

-2.935.090,52

-1.494.485,59

-1.365.939,01

 

----------------

----------------

----------------

NET PROFIT (LOSS)

2.936.411,29

2.969.503,33

2.461.509,16

 

MONTHLY SALES

 

  2012

 

 

 

---------------------

 

 

JANUARY

R$ 5.041.520,35

 

 

FEBRUARY

R$ 5.843.300,65

 

 

MARCH

R$ 12.812.256,22

 

 

APRIL

R$ 9.297.529,08

 

 

MAY

R$ 9.345.045,03

 

 

JUNE

 

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 42.339.651,33

 

 

 

RATIOS:

31/12/2011

31/12/2010

31/12/2009

 

QUICK RATIO

1,32

 

1,73

 

1,54

 

CURRENT RATIO

1,54

 

2,09

 

1,80

 

ACCOUNTS RECEIVABLE TURNOVER

4,61

TIMES

9,63

TIMES

7,13

TIMES

DAYS' SALES IN RECEIVABLES

78,05

DAYS

37,37

DAYS

50,47

DAYS

INVENTORY TURNOVER

13,22

TIMES

13,12

TIMES

11,59

TIMES

ACCOUNTS PAYABLE PERIOD

123,75

DAYS

59,83

DAYS

119,14

DAYS

RETURN ON ASSETS

2,11

TIMES

2,75

TIMES

1,62

TIMES

SALES TURNOVER ON NET EQUITY

7,98

TIMES

6,09

TIMES

5,13

TIMES

NET WORTH TIE-UP

,15

 

,08

 

,04

 

INDEBTEDNESS

2,72

 

1,21

 

1,75

 

EQUITY RATIO

26,45

%

45,19

%

31,62

%

WORKING CAPITAL RATIO

53,52

%

109,49

%

79,67

%

GENERAL SOLVENCY

1,39

 

1,82

 

1,81

 

RETURN ON NET EQUITY

33,16

%

30,21

%

31,93

%

RETURN ON SALES (PROFIT MARGIN)

4,16

%

4,96

%

6,23

%

GROSS PROFIT MARGIN

18,78

%

19,11

%

14,25

%

OPERATIONAL RESULT

8,10

%

7,31

%

8,42

%

SALES TURNOVER ON LIABILITIES

3,44

TIMES

5,98

TIMES

3,42

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,02

 - OFFICIAL RATE ON 15/08/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

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 FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO FACE THE SHORT TERM DEBTS. IT ALSO SHOWS GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 


 

DETAIL OF RENTED/LEASED REAL ESTATE:

 

 

 

TYPE:

BUILDING

VALUE:

R$ 10.822,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 369.210,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 587.000,00

 

 

INSURANCE

 

INSURANCE COMPANY:

EQUILIZA SEGUROS

COVERAGE:

NOT AVAILABLE.

 

 

INSURANCE COMPANY:

MHR CORRETORA

COVERAGE:

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

HSBC BANK BRASIL S/A

0689

 

BANCO DO BRASIL S/A

3406-1     41 2117-7828

 

BANCO BRADESCO S/A

929-6       41 3525-1266

 

BANCO BRADESCO S/A

0165

 

 

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

 

SUBJECT IS ENGAGED IN THE RETAIL SALE OF FOODSTUFFS, BEVERAGE AND TOBACCO.

 


 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHILE, DENMARK AND ARGENTINA.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ALIBEC INDUSTRIA

 

11 3984-0105

CARINO INGREDIENTES

 

14 2102-2100

FRUTIFIUQUE

 

27 3336-7615

LA RIOJA

 

11 3328-000

MAR & MAR

 

 

REDE SONAE

 

 

SIERRA BRASIL

 

11 3227-5171

SUPERMERCADOS CONDOR

 

 

VIMACEDO

 

11 3324-2100

 

STAFF:

 

THE COMPANY HAS: 59 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1984. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME 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.

 

THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE REPUTATION.

 

THE COUPLE OF PROTESTS FOUND ARE CONSIDERED IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ARAUDI

 

11 4156-4422

ARVA POLVILHO

 

45 3275-1139

BERDEX CANADA LTDA

 

 

CARAMURU ALIMENTOS LTDA

 

 

COOPERATIVA AGROINDUSTRIAL

 

 

DELLA VIA PNEUS LTDA

 

 

HOJA EXPORT LTDA

 

 

ICA IND. E COMERCIO DE PRODUTOS ALIMENTICIOS LTDA

 

 

IPLASTICOM IND. PLASTICOS

 

48 3258-1514

LCA

 

43 3232-8888

MOHÍNO ROMARIZ IND. COM. LDA

 

 

PLASTICOM EMBALAGENS LTDA

 

 

SEARA

 

43 3232-8500

TRANMODULO

 

11 6941-3074

 

FOREIGN SUPPLIERS:

COUNTRY:

 

NELSON SENAREGA

ARGENTINA

 

PACIFIC NUT

CHILE

 

SUN WEST

CHILE

 

 

PAYMENT HISTORY:

 

03 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 2.024,00

 

AMOUNT OF INVOICES PAID: 6

TOTAL OF PROMPT PAYMENTS: 64,1%

TOTAL OF DELAYED PAYMENTS: 35,9%

 

HIGHEST INVOICE: R$ 524,00

HIGHEST CREDIT: R$ 524,00

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.

 

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$ 1.000.000,00 MAY BE CONSIDERED.

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.