MIRA INFORM REPORT

 

 

Report Date :           

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PUMA SPORTS LTDA.

 

 

Registered Office :

Rua Alexandre Dumas,2200 Andar 1 Conj 101 - Chacara Santo Antonio Zip Code 04.717-004 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

22.10.2002

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of goods for personal and household use.             

 

 

No. of Employees :

100

 

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 :

USD 200.000,00

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

PUMA SPORTS LTDA.

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA ALEXANDRE DUMAS,2200 ANDAR 1 CONJ 101 - CHACARA SANTO ANTONIO

ZIP CODE/CITY:

04.717-004 - SÃO PAULO/SP

 

 

PHONE:

11 2135-9922

FAX:

11 2135-9920

E-MAIL:

info-brasil@puma.com

WEB SITE:

www.puma.com

 

BRANCHES:

 

 

 

ADDRESS:

RUA ALEXANDRE DUMAS,2200 SALA DE TREIN. - CHACARA SANTO ANTÔNIO

ZIP CODE/CITY:

04717-004 SÃO PAULO/SP

 

 

ADDRESS:

AV. MINISTRO VICTOR KONDER,303 - CENTRO

ZIP CODE/CITY:

88301-700 ITAJAÍ/SC

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE OF GOODS FOR PERSONAL AND HOUSEHOLD USE.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

22/10/2002

REGISTER DATE:

22/10/2002

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

05.406.034/0001-02

STATE REGISTER:

117.023.729.117

 

 

SHARE CAPITAL:

R$ 24.690.000,00

LAST REGISTER OF CAPITAL:

26/09/2008

 

BOARD OF DIRECTORS:

 

 

 

ROBERTO NATALINO GAOLDIMINC TELIAS

PRESIDENT DIRECTOR

PEDRO LUIS MOISES ZANNONI

DIRECTOR

RICARDO BERNARDI

ATTORNEY

BRUNO DELGADO CHIARADIA

ATTORNEY

PETER HEINRICH ERNST KLINGELHOEFER

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

PUMA NORTH AMERICA INC

R$ 24.689.999,00

PUMA AKTIENGESELLSCHAFT RUDOLF DASSELER SPORT

R$ 1,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 2002 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

 

PARTNERS:

 

PUMA NORTH AMERICA INC: HEADQUARTERED AT 5 LYBERTY WAY WESTFORD MA 01886 USA);

 

PUMA AKTIENGESELLSCHAFT RUDOLF DASSELER SPORT: HEADQUARTERED AT HERZOGENAURACH, WUERZBURGER STRASSE 13, GERMANY .)

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CARLOS, ACCOUNTING DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC RECORDS INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

STATE LAWSUIT

28/01/09

3ª VARA DE SALVADOR/BA

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION.

 

OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT THIS COMPANY.

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,71

 - OFFICIAL RATE ON 01/03/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. HOWEVER, IT IS WORTH TO COMMENT THAT THE SUBJECT IS THE SUBSIDIARY OF A WELL-KNOWN COMPANY, WHICH BRAND IS RENOWNED WORLDWIDE AND THUS IS REPORTED TO HAVE HIGH FINANCIAL STRENGTH, AND THUS MAY GIVE THE SUBJECT THE NECESSARY FINANCIAL SUPPORT WHENEVER REQUIRED.

 

REAL ESTATE:

NOT AVAILABLE

 

DETAIL OF RENTED/LEASED REAL ESTATE:

 

 

 

TYPE:

BUILDING

VALUE:

R$ ,00

REMARKS:

PREMISES AT THE CAPTION ARE RENTED BY A MONTHLY VALUED OF R$ 12.750,00.

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 270.636,72

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 972.730,57

 

INSURANCE

 

NOT AVAILABLE.

 

BANKING REFERENCES:

 

 

BRANCH/PHONE:

 

BANCO ITAU S/A

1145 / 74669-7 / 11 4166-9220

 

 

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

 

HOLDING COMPANY.

 

WHOLESALE OF FOOTWEAR, BAGS, SUITCASES AND TRAVEL ARTICLES.

TRADE REPRESENTATION AND INTERMEDIATE TRADE OF GOODS IN GENERAL, NOT ELSEWHERE SPECIFIED.

 

IMPORT AND EXPORT:

 

 IMPORTS FROM:

TAIWAN, CHINA, MALASYA, CAMBOJA, INDONESIA, INDIA, VIETNAN AND GERMANY

 

 EXPORTS TO:

PARAGUAY, URUGUAY, VENEZUELA AND ARGENTINA

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ALLA CALÇADOS

 

4438-7317

HUGO BOSS

 

3088-7872

SEND PIPER

 

2518-4269

SPORT MAN´S

 

3913-5589

TRACK E FIELD

 

3897-1200

VIVIANE DAHER

 

61 327-9811

 

STAFF:

 

THE COMPANY HAS: 100 EMPLOYEE(S)

 


CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 2002. IT IS A WELL-KNOWN BRAND, WHICH PRODUCTS ARE RENOWNED AND USED WORLDWIDE. SO FAR IT HAS 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 TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

 

MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT PAYMENTS, THUS THE SUBJECT HAS VERY GOOD TRADE REPUTATION.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ANDREZA CALÇADOS

 

51 568-4168

DILLY CALÇADOS

 

51 563-1655

HACO ETIQUETAS LTDA

 

 

 

PAYMENT HISTORY:

 

5 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 42.283,00

 

AMOUNT OF INVOICES PAID: 153

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 360,00

HIGHEST CREDIT: R$ 1.944,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

9

R$ 2.257,61

 

 

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.

 

DESPITE THE ABSENCE OF FINANCIAL DATA THE COMPANY IS CONSIDERED CREDITWORTHY FOR THE A CREDIT LIMIT OF USD 200.000,00. FOR HIGHER AMOUNTS IT WOULD BE RECOMMENDED DEMANDING A COLLATERAL OF THE SHAREHOLDERS.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.35

UK Pound

1

Rs.78.68

Euro

1

Rs.65.63

 

 

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.