|
Report Date : |
16.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CASCAVEL COUROS LTDA |
|
|
|
|
Registered Office : |
Rodovia Ce 253, S/N,0
Km 11,8 – Sede, 62850-000 - Cascavel/Ce |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
03.03.1998 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture, Trade, Export And Export Of Leather, Fur And Byproducts
As Well As Their Preparation And Finishing |
|
|
|
|
No. of Employees : |
1715 |
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 1.000.000,00 |
|
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 – September 30, 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 |
CASCAVEL COUROS
LTDA
|
MAIN ADDRESS: |
RODOVIA CE 253, S/N,0 KM 11,8 - SEDE |
|
ZIP CODE/CITY: |
62850-000 - CASCAVEL/CE |
|
|
|
|
PHONE: |
85 3334-9000 |
|
FAX: |
85 3334-9000 |
|
E-MAIL: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV. CONTORNO 21, DISTRITO INDUSTRIAL,0 |
|
ZIP CODE/CITY: |
61900-000 MARACANAÚ/CE |
|
|
|
|
ADDRESS: |
RODOVIA BR 222, KM 224, DISTRITO INDUSTRIAL,0 |
|
ZIP CODE/CITY: |
62051-060 SOBRAL/CE |
|
CNPJ: |
024112380 |
|
|
|
|
ADDRESS: |
RUA DR. JOSÉ LOURENÇO, 870 SALA 505 A 508 ALDEOTA,0 |
|
ZIP CODE/CITY: |
60.115-28 FORTALEZA/CE |
|
CNPJ: |
024112380 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE, TRADE, EXPORT AND EXPORT OF LEATHER, FUR AND BYPRODUCTS
AS WELL AS PREPARATION AND FINISHING. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
03/03/1998 |
|
REGISTER DATE: |
03/03/1998 |
|
BALANCE SHEET FILING DATE: |
.31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
02.411.238/0001-35 |
|
STATE REGISTER: |
62.642.340 |
|
|
|
|
SHARE CAPITAL: |
R$
240.861.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
WESLEY MENDONÇA BATISTA |
DIRECTOR |
|
THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JBS S/A |
99,99% |
|
OTHERS |
00,01% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
BERTIN LTDA |
99,90% |
|
INDUSTRIAS BERTIN LTDA |
100% |
|
RODOVIAS DAS COLINAS S/A |
49,90% |
|
AGUAS GUARIROBA S/A |
50,00% |
|
BRASIL CENTRAL ENERGIA S/A |
99,90% |
|
NOVAPROM FOOD INGREDIENTS LTDA |
50,00% |
|
SRB PARTICIPAÇÕES S/A |
|
|
ANGIMA IND DE COUROS LTDA |
|
|
AGROINDUSTRIAL RENA LTDA |
|
|
AGROPECUARIA GEA LTDA |
|
|
AGROPECUARIA CABUREY LTDA |
|
|
JBS AUSTRIA HOLDING LTDA. |
|
|
JBS CONFINAMENTO LTDA |
|
|
WWMB PARTICIPACOES LTDA. |
|
|
FG HOLDING II LTDA. |
|
|
JBS EMBALAGENS METALICAS LTDA |
|
|
BRAZILIAN BEEF ALIMENTOS LTDA |
|
|
THE SUBJECT WAS ESTABLISHED IN MARCH 03, 1998 AS BRACOL INDUSTRIA DE
COUROS LIMITADA,TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MAY 05, 2009 IT
ALTERED TO ABOVE-MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME "BERTIN-CE " FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. 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: |
|
PROTESTS: |
|
7 PROTESTS,TOTAL AMOUNT R$
7.105,60 |
|
DATE OF FIRST PROTEST: 05/08/2011 R$ 165,00 |
|
DATE OF HIGHEST PROTEST:
18/11/2011 R$ 3.848,10 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE CASCAVEL/CE |
27/12/2011 |
R$ 1.060,00 |
|
2º CARTÓRIO DE CASCAVEL/CE |
27/12/2011 |
R$ 880,00 |
|
2º CARTÓRIO DE CASCAVEL/CE |
12/12/2011 |
R$ 466,50 |
|
2º CARTÓRIO DE CASCAVEL/CE |
12/12/2011 |
R$ 316,00 |
|
2º CARTÓRIO DE CASCAVEL/CE |
18/11/2011 |
R$ 3.848,10 |
|
GENERAL BALANCE SHEETS AS OF 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
3.404 |
6.572 |
|
|
INVESTMENTS |
|
1.583 |
|
|
CLIENTS |
43.795 |
45.714 |
|
|
INVENTORY |
41.207 |
48.088 |
|
|
OTHER |
397 |
2.202 |
|
|
CREDITS |
86.594 |
366.203 |
|
|
TAX INCENTIVES |
22.961 |
14.407 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
198.358 |
484.769 |
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
224.303 |
26.228 |
|
|
JUDICIAL DEPOSITS |
114 |
44 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG-TERM RECEIVABLES |
224.417 |
26.272 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
57.087 |
61.420 |
|
|
INTANGIBLE |
158 |
47 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
57.245 |
61.467 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
480.020 |
572.508 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
SUPPLIERS |
107.284 |
39.202 |
|
|
LOANS AND FINANCING |
23.790 |
109.323 |
|
|
OTHER |
15.667 |
15.885 |
|
|
SOCIAL OBLIGATIONS |
1.665 |
1.651 |
|
|
PROV. SOCIAL CONTRIBUTION |
1.959 |
1.717 |
|
|
DIVIDENDS |
|
21.250 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
150.365 |
189.028 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
OTHER |
11.250 |
26.250 |
|
|
LOANS AND FINANCING |
9.915 |
23.080 |
|
|
RELATED COMPANIES |
24.530 |
24.110 |
|
|
PROVISION FOR CONTINGENCIES |
114 |
44 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
45.809 |
73.484 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
240.861 |
238.498 |
|
|
CAPITAL RESERVES |
40.916 |
32.628 |
|
|
PROFIT RESERVES |
2.069 |
38.870 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
283.846 |
309.996 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
480.020 |
572.508 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
GROSS SALES |
260.187 |
446.467 |
|
|
(-) TAXES ON SALES |
9.775 |
9.355 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
250.412 |
437.112 |
|
|
(-) COST OF SOLD GOODS |
210.845 |
290.598 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
39.567 |
146.514 |
|
|
OPERATING REVENUE (EXPENSE) |
-3.973 |
11.018 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-23.998 |
-11.195 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
11.596 |
146.337 |
|
|
CONTRIBUTION/INCOME TAX |
-945 |
-128 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
10.651 |
146.209 |
|
|
MONTHLY SALES |
|||
|
|
2010 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 21.321.673,36 |
|
|
|
FEBRUARY |
R$ 21.578.175,28 |
|
|
|
MARCH |
R$ 27.045.712,36 |
|
|
|
APRIL |
R$ 22.216.120,81 |
|
|
|
MAY |
R$ 28.608.625,69 |
|
|
|
JUNE |
R$ 27.320.873,44 |
|
|
|
JULY |
R$ 25.826.025,20 |
|
|
|
AUGUST |
R$ 21.991.691,86 |
|
|
|
SEPTEMBER |
R$ 19.879.362,69 |
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
215.788.260,69 |
|
|
|
RATIOS: |
31/12/2009 |
31/12/2008 |
|
|
QUICK RATIO |
1,05 |
|
2,31 |
|
|
|
|
CURRENT RATIO |
1,32 |
|
2,56 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5,72 |
TIMES |
9,56 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
62,96 |
DAYS |
37,65 |
DAYS |
|
|
|
INVENTORY TURNOVER |
5,12 |
TIMES |
6,04 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
183,18 |
DAYS |
48,56 |
DAYS |
|
|
|
RETURN ON ASSETS |
,52 |
TIMES |
,76 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
,88 |
TIMES |
1,41 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,20 |
|
,20 |
|
|
|
|
INDEBTEDNESS |
,69 |
|
,85 |
|
|
|
|
EQUITY RATIO |
59,13 |
% |
54,15 |
% |
|
|
|
WORKING CAPITAL RATIO |
31,92 |
% |
156,45 |
% |
|
|
|
GENERAL SOLVENCY |
2,45 |
|
2,18 |
|
|
|
|
RETURN ON NET EQUITY |
3,75 |
% |
47,16 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
4,25 |
% |
33,45 |
% |
|
|
|
GROSS PROFIT MARGIN |
15,80 |
% |
33,52 |
% |
|
|
|
OPERATIONAL RESULT |
4,63 |
% |
33,48 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
1,67 |
TIMES |
2,31 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 1,81 |
- OFFICIAL RATE ON 14/03/2012 |
|
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 LOW AND IT IS NOTED NORMAL CURRENT RATIO AND IMPORTANT
WORKING CAPITAL AMOUNT. IN ADDITION IT IS NOTED STRONG DROP IN SALES BUT
PROFIT WAS MADE. REMARK: THE DROP IN IN THE SALES WAS DUE TO
THE DECREASE OF THE OPERATIONS AND THE DEMAND OF FOREIGN MARKETS. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
1039 |
|
|
BANCO DO NORDESTE DO BRASIL S/A |
0016 |
|
|
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"). DATE RESEARCHED: MARCH 14, 2012. |
|
SUBJECT IS ENGAGED IN THE MANUFACTURE, TRADE, EXPORT AND EXPORT OF LEATHER,
FUR AND BYPRODUCTS AS WELL AS THEIR PREPARATION AND FINISHING. |
IMPORTS FROM:
|
GERMANY, ARGENTINA, ETC VALUE(ANNUAL) US$ 20.000.000,00 |
EXPORTS TO:
|
CHINA, ITALY, EUA, MEXICO, ETC VALUE(ANNUAL) US$ 230.000.000,00 |
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
ACTION INDUSTRIES INC |
USA |
|
|
CALBE SUD S.P.A. |
ITALY |
|
|
DREXEL HERITGE FURNISHINGS |
USA |
|
|
EURO DUE S.R.L |
ITALY |
|
|
FRANKLIN CORPORATION |
USA |
|
|
KLAUSER FUNITIRE INC |
USA |
|
|
MC CANN E CO AUSTRALIA PTY |
AUSTRALIA |
|
|
PALLISER |
CANADA |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1715 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1998. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. 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. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT’S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES ARE CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
CEARA MOTOR LTDA |
|
|
|
COREMAL COMERCIO E REPRESENTACOES MAIA LTDA |
|
|
|
COUROS BOA VISTA LTDA |
|
|
|
IPIRANGA QUIMICA S/A |
|
|
|
JBS S/A |
|
|
|
M. J. NOVAES DE LIMA & CIA LTDA |
|
|
|
MORAIS DE CASTRO COMERCIO E IMPORTACAO DE PRODUTOS QUIMICOS |
|
|
|
ON LINE SOCIEDADE DE FOMENTO MERCANTIL LTDA |
|
|
|
QUALIDADE COMERCIO IMPORTAÇÃO E EXPORTAÇÃO LTDA |
|
|
|
QUALLY PELES LTDA |
|
|
|
RODOCERTO TRANSPORTES LTDA |
|
|
|
SUPERMIX CONCRETO S/A |
|
|
|
FOREIGN
SUPPLIERS: |
|
|
|
HOLCIM BRASIL S/A |
|
|
|
PASEX |
PARAGUAY |
|
|
PAYMENT HISTORY: |
|
12 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 31.253.120,00 |
|
|
|
AMOUNT OF INVOICES PAID: 12 |
|
TOTAL OF PROMPT PAYMENTS: 99,1% |
|
TOTAL OF DELAYED PAYMENTS: 0,9% |
|
|
|
HIGHEST INVOICE: R$ 18.918.317,00 |
|
HIGHEST CREDIT: R$ 18.918.317,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 105.900,00 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, 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 USD 1.000.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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.