MIRA INFORM REPORT
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Report Date : |
05.09.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
COMERCIAL IMPORTAÇÃO E EXPORTAÇÃO CANTAREIRA
LTDA. |
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Registered Office : |
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Country : |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
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No. of Employees : |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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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 |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural, mining,
manufacturing, and service sectors, Brazil's economy outweighs that of all
other South American countries, and Brazil is expanding its presence in world
markets. Since 2003, Brazil has steadily improved its macroeconomic stability,
building up foreign reserves, and reducing its debt profile by shifting its
debt burden toward real denominated and domestically held instruments. In 2008,
Brazil became a net external creditor and two ratings agencies awarded
investment grade status to its debt. After strong growth in 2007 and 2008, the
onset of the global financial crisis hit Brazil in 2008. Brazil experienced two
quarters of recession, as global demand for Brazil's commodity-based exports
dwindled and external credit dried up. However, Brazil was one of the first
emerging markets to begin a recovery. In 2010, consumer and investor confidence
revived and GDP growth reached 7.5%, the highest growth rate in the past 25
years. Rising inflation led the authorities to take measures to cool the
economy; these actions and the deteriorating international economic situation
slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are
somewhat higher. Despite slower growth in 2011, Brazil overtook the United
Kingdom as the world's seventh largest economy in terms of GDP. Urban
unemployment is at the historic low of 4.7% (December 2011), and Brazil's
traditionally high level of income equality has declined for each of the last
12 years. Brazil's high interest rates make it an attractive destination for
foreign investors. Large capital inflows over the past several years have
contributed to the appreciation of the currency, hurting the competitiveness of
Brazilian manufacturing and leading the government to intervene in foreign
exchanges markets and raise taxes on some foreign capital inflows. President
Dilma ROUSSEFF has retained the previous administration's commitment to
inflation targeting by the central bank, a floating exchange rate, and fiscal
restraint.
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Source : CIA |
Company name
COMERCIAL
IMPORTAÇÃO E EXPORTAÇÃO CANTAREIRA LTDA.
company ADDRESSES
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MAIN ADDRESS: |
RUA BORGES DE FIGUEIREDO, 1110 / 1250 - MOÓCA |
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ZIP CODE/CITY: |
03.110-001 - SÃO PAULO/SP |
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PHONE: |
11 2601-0000 |
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FAX: |
11 2601-0000 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA VISCONDE DE PARNAÍBA,1100 / 1134 - BRÁS |
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ZIP CODE/CITY: |
03044-000 SÃO PAULO/SP |
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ADDRESS: |
RUA DA CANTAREIRA,339 - CENTRO |
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ZIP CODE/CITY: |
01024-100 SÃO PAULO/SP |
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PHONE: |
11 3328-0000 |
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ADDRESS: |
RUA CEVADA,65 / 65A (MERCADO SÃO SEBASTIÃO) - PENHA CIRCULAR |
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ZIP CODE/CITY: |
21011-080 RIO DE JANEIRO/RJ |
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ADDRESS: |
RUA URUGUAI,1073 - SALA 01 - CENTRO |
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ZIP CODE/CITY: |
88302-203 ITAJAÍ/SC |
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ADDRESS: |
RUA DA ALFANDEGA,404 - BRÁS |
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ZIP CODE/CITY: |
03006-030 SÃO PAULO/SP |
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ADDRESS: |
AVENIDA DR. GASTÃO VIDIGAL,1946 - PAVILHÃO BPA- BOX 10 E 11 - PAVILHÃO
BPE - BOX 9 - VILA LEOPOLDINA |
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ZIP CODE/CITY: |
05314-000 SÃO PAULO/SP |
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ADDRESS: |
RUA RODRIGUES ALVES,800 - 10º ANDAR - SALA 1002 - CENTRO HISTÓRICO |
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ZIP CODE/CITY: |
83203-170 PARANAGUÁ/PR |
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PHONE: |
41 3422-7796 |
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STATE REGISTER: |
90404661-23 |
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REQUESTED
ADDRESS: |
RUA JOÃO
SEVERIANO,42 / 8º ANDAR, SALA 819 - CENTRO |
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ZIP CODE/CITY: |
57020170
MACEIÓ/AL |
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PHONE: |
82 3221-2216 |
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FAX: |
82 3221-2216 |
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CNPJ: |
05.222.234/0011-79 |
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STATE REGISTER: |
242131905 |
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ADDRESS: |
RUA DA CANTAREIRA,706 - CENTRO |
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ZIP CODE/CITY: |
01024-100 SÃO PAULO/SP |
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ADDRESS: |
RUA DA CANTAREIRA,719 - MERCADO |
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ZIP CODE/CITY: |
01024-100 SÃO PAULO/SP |
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PHONE: |
11 3328-0000 |
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ADDRESS: |
RUA DA CANTAREIRA,709 - MERCADO |
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ZIP CODE/CITY: |
01024-100 SÃO PAULO/SP |
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ADDRESS: |
RUA BORGES DE FIGUEIREDO,1908 - MOOCA |
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ZIP CODE/CITY: |
03.110-00 SÃO PAULO/SP |
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ADDRESS: |
RUA BORGES DE FIGUEIREDO,1110 /1250 - MOOCA |
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ZIP CODE/CITY: |
03.110-00 SAO PAULO/SP |
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ADDRESS: |
RUA DA SOJA,95 /95-A E 97/97-A - MERCADO SÃO SEBASTIÃO |
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ZIP CODE/CITY: |
21011-100 PENHA/SP |
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ADDRESS: |
RUA DA CANTAREIRA,765 - LUZ |
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ZIP CODE/CITY: |
01024-100 SÃO PAULO/SP |
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ADDRESS: |
RODOVIA SP 268 - VEREADOR JOÃO ANTONIO NUNES,0 KM 126, GALPÕES 01, 02,
03 E 04, FAZENDA SONIA MAR - CAPANEMA |
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ZIP CODE/CITY: |
18195-000 CAPELA DO ALTO/SP |
LEGAL DATA:
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MAIN ACTIVITIES: |
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WHOLESALE OF GOODS IN GENERAL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
01/07/2002 |
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REGISTER DATE: |
30/07/2002 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
05.222.234/0001-05 |
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STATE REGISTER: |
116.430.083.116 |
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SHARE CAPITAL: |
R$ 3.000.000,00 |
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LAST REGISTER OF CAPITAL: |
31/12/2007 |
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BOARD OF
DIRECTORS: |
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RODRIGO SIMONINI GONZALEZ |
MANAGING PARTNER |
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ROSA IGNES SIMONINI GONZALEZ |
MANAGING PARTNER |
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CARLOS ALBERTO TEOPHILO |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE:
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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RODRIGO SIMONINI GONZALEZ |
50% |
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ROSA IGNES SIMONINI GONZALEZ |
50% |
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AFFILIATES /
SUBSIDIARIES: |
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TRANSPORTADORA LA RIOJA LTDA |
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RUBBER DO BRASIL COM. IMP. E EXPORTAÇÃO DE BORRACHAS LTDA |
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MALBEC DO BRASIL COMERCIAL IMPORTADORA E EXPORTADORA LTDA |
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AGRO NEGÓCIOS LA RIOJA IND. E COM. IMP. E EXPORTAÇÃO LTDA |
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EMPÓRIO LA RIOJA LTDA |
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LA RIOJA COMERCIO IMPORTAÇÃO EXPORTAÇÃO |
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AGROINDUSTRIA LA RIOJA IMPORTAÇÃO E EXPO |
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AGROPECUARIA RSG PARTICIPAÇÃO IMPORTAÇÃO |
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LA RIOJA AGRONEGOCIOS SOCIEDADE LTDA |
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EMPORIO LA RIOJA LTDA |
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ISSA ANALIA FRANCO COMERCIO DE VEICULOS |
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COMERCIAL IMPORTADORA DE FRUTAS SIG LTDA |
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COMPANY'S BACKGROUND:
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THE SUBJECT WAS ESTABLISHED ON JULY 01, 2002 AS COMERCIAL IMPORTACAO E
EXPORTACAO LA RIOJA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JULY
01, 2012 IT ADOPTED THE ABOVE MENTIONED NAME. PARTNERS: RODRIGO SIMONINI GONZALEZ: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG 24.317.274-6
SSP-SP AND CPF 127.052.958-79, RESIDENTIAL ADDRESS AT ALAMEDA JOAQUIM EUGÊNIO
DE LIMA, 1600, APTO 31, JARDIM PAULISTA, ZIP CODE 01403-002, SÃO PAULO/SP; ROSA IGNES SIMONINI GONZALEZ BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS
RG 4.592.231-7 SSP-SP AND CPF 127.052.938-25, RESIDENTIAL ADDRESS AT RUA
BARÃO DO TRIUNFO 1302, APTO 181, CAMPO BELO, ZIP CODE 04602-005, SÃO
PAULO/SP. ABOUT THE GROUP CURRENTLY LA RIOJA IS ONE OF THE LARGEST BRAZILIAN GROUPS ENGAGED IN
THE IMPORT OF CODFISH, OLIVE, FRESH AND DRIED FRUITS, BEVERAGES, CHEESE,
PRESERVES AND OTHER SPICES. THE LA RIOJA GROUP HAS AN INDUSTRIAL UNIT IN SÃO PAULO AT RUA VISCONDE
DE PARNAÍBA N.º 1100, BRÁS, WHERE IT BOTTLES OLIVE AND PRESERVED FOOD. IT HAS 20 TRUCKS WITH COLD STORAGE TO TRANSPORT ITS PRODUCTS. ALSO IT HAS 14 WHAREHOUSES IN THE REGION OF SÃO PAULO. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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PROTESTS: |
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15 PROTESTS,TOTAL AMOUNT R$
231.855,92 |
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DATE OF FIRST PROTEST:
15/09/2008 R$ 25.791,90 |
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DATE OF HIGHEST PROTEST:
18/09/2008 R$ 108.514,18 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
|
3º CARTÓRIO DE SÃO PAULO/SP |
20/08/2012 |
R$ 7.949,34 |
|
8º CARTÓRIO DE
SÃO PAULO/SP |
20/08/2012 |
R$
5.184,45 |
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9º CARTÓRIO DE SÃO PAULO/SP |
20/08/2012 |
R$ 2.220,40 |
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CARTÓRIO DE ALFENAS/MG |
20/07/2012 |
R$ 1.160,00 |
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10º CARTÓRIO DE SÃO PAULO/SP |
19/07/2012 |
R$ 8.316,00 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
|
4 |
STATES LAWSUITS |
30/06/11 |
VARA EXC. FISC.
EST. |
|
2 |
FEDERAL LAWSUIT |
14/06/12 |
1ª VARA FEDERAL-SP |
|
1 |
EXECUTIVE LAWSUIT |
08/05/12 |
7º VARA DE CENTRAL/SP/SP |
FINANCIAL INFORMATION:
|
GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
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( FIGURES ARE IN
REAIS ). |
|
ASSETS |
|
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CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
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CASH AND CASH EQUIVALENTS |
3.105.212,94 |
3.040.470,76 |
1.253.654,23 |
|
INVESTMENTS |
8.109.306,25 |
|
|
|
CLIENTS |
70.744.662,38 |
18.968.372,35 |
15.546.369,44 |
|
INVENTORY |
39.290.026,88 |
108.774.258,22 |
75.584.235,52 |
|
RECOVERABLE TAXES |
3.313.371,87 |
6.368.061,75 |
2.432.290,18 |
|
ADVANCE TO SUPPLIERS |
3.509.649,30 |
1.878.468,06 |
3.854.963,12 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
128.072.229,62 |
139.029.631,14 |
98.671.512,49 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
3.254.652,16 |
2.143.443,43 |
2.011.353,18 |
|
INVESTMENTS |
|
392.000,00 |
392.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED
ASSETS |
3.254.652,16 |
2.535.443,43 |
2.403.353,18 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
131.326.881,78 |
141.565.074,57 |
101.074.865,67 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
4.842.766,46 |
3.301.451,09 |
25.568.423,14 |
|
FOREIGN SUPPLIERS |
2.585.154,30 |
2.258.720,06 |
48.522.471,25 |
|
LOANS AND FINANCING |
102.381.930,23 |
103.329.064,31 |
4.934.817,49 |
|
TAXES & CONTRIBUTIONS |
2.462.356,48 |
9.630.897,80 |
2.839.893,82 |
|
INSTALLMENTS TAXES PAYABLE |
|
1.888.140,66 |
245.658,21 |
|
PROVISIONS |
119.586,47 |
2.531.440,53 |
|
|
ACCOUNTS PAYABLE |
|
169.547,33 |
88.784,33 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
112.391.793,94 |
123.109.261,78 |
82.200.048,24 |
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LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
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INSTALLMENTS TAXES PAYABLE |
5.392.204,01 |
|
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
5.392.204,01 |
|
|
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NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
3.000.000,00 |
3.000.000,00 |
3.000.000,00 |
|
ACCRUED PROFIT (LOSS) |
10.293.098,35 |
14.504.362,33 |
11.833.342,84 |
|
PROFIT (LOSS) OF PERIOD |
249.785,48 |
951.450,46 |
4.041.474,59 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
13.542.883,83 |
18.455.812,79 |
18.874.817,43 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
131.326.881,78 |
141.565.074,57 |
101.074.865,67 |
|
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 |
250.145.864,00 |
222.478.567,96 |
157.333.607,48 |
|
(-) TAXES ON SALES |
78.490.676,01 |
61.285.782,44 |
41.550.109,26 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
171.655.187,99 |
161.192.785,52 |
115.783.498,22 |
|
(-) COST OF SOLD GOODS |
133.444.017,32 |
138.897.717,40 |
102.761.073,08 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
38.211.170,67 |
22.295.068,12 |
13.022.425,14 |
|
OPERATING REVENUE (EXPENSE) |
-25.452.215,47 |
-18.571.444,14 |
-9.584.925,32 |
|
FINANCIAL REVENUE(EXPENSE) |
-12.389.583,25 |
-2.291.123,28 |
-712.632,25 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
369.371,95 |
1.432.500,70 |
2.724.867,57 |
|
CONTRIBUTION/INCOME TAX |
-119.586,47 |
-481.050,24 |
-673.473,86 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
249.785,48 |
951.450,46 |
2.051.393,71 |
|
MONTHLY SALES |
|||
|
|
2011 |
2010 |
2009 |
|
|
--------------------- |
--------------------- |
--------------------- |
|
JANUARY |
R$ 8.939.769,91 |
R$ 8.304.595,88 |
R$ 8.204.338,38 |
|
FEBRUARY |
R$ 13.107.546,45 |
R$ 18.251.229,29 |
R$ 9.042.800,51 |
|
MARCH |
R$ 36.010.710,85 |
R$ 31.886.376,34 |
R$ 26.145.343,40 |
|
APRIL |
R$ 30.720.347,70 |
R$ 12.409.152,76 |
R$ 12.936.127,40 |
|
MAY |
R$ 14.589.270,59 |
R$ 11.351.253,69 |
R$ 9.127.630,06 |
|
JUNE |
R$ 11.857.555,73 |
R$ 10.436.004,87 |
R$ 8.557.072,35 |
|
JULY |
R$ 12.125.176,11 |
R$ 8.905.541,68 |
R$ 8.401.246,11 |
|
AUGUST |
R$ 15.294.558,40 |
R$ 12.241.961,78 |
R$ 9.021.812,89 |
|
SEPTEMBER |
R$ 17.543.746,60 |
R$ 17.348.597,99 |
R$ 11.061.759,90 |
|
OCTOBER |
R$ 22.514.143,05 |
R$ 26.806.447,37 |
R$ 14.463.698,58 |
|
NOVEMBER |
R$ 35.159.549,25 |
R$ 29.897.960,17 |
R$ 29.040.698,24 |
|
DECEMBER |
R$ 24.279.619,30 |
R$ 25.473.885,76 |
R$ 28.544.503,22 |
|
TOTAL |
R$
242.141.993,94 |
R$
213.313.007,58 |
R$
174.547.031,04 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,79 |
|
,25 |
|
,28 |
|
|
CURRENT RATIO |
1,14 |
|
1,13 |
|
1,20 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,43 |
TIMES |
8,50 |
TIMES |
7,45 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
148,37 |
DAYS |
42,36 |
DAYS |
48,34 |
DAYS |
|
INVENTORY TURNOVER |
3,40 |
TIMES |
1,28 |
TIMES |
1,36 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
13,06 |
DAYS |
8,56 |
DAYS |
89,57 |
DAYS |
|
RETURN ON ASSETS |
1,31 |
TIMES |
1,14 |
TIMES |
1,15 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
12,67 |
TIMES |
8,73 |
TIMES |
6,13 |
TIMES |
|
NET WORTH TIE-UP |
,24 |
|
,12 |
|
,11 |
|
|
INDEBTEDNESS |
8,70 |
|
6,67 |
|
4,36 |
|
|
EQUITY RATIO |
10,31 |
% |
13,04 |
% |
18,67 |
% |
|
WORKING CAPITAL RATIO |
13,95 |
% |
12,93 |
% |
20,04 |
% |
|
GENERAL SOLVENCY |
1,12 |
|
1,15 |
|
1,23 |
|
|
RETURN ON NET EQUITY |
1,84 |
% |
5,16 |
% |
10,87 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,15 |
% |
,59 |
% |
1,77 |
% |
|
GROSS PROFIT MARGIN |
22,26 |
% |
13,83 |
% |
11,25 |
% |
|
OPERATIONAL RESULT |
,22 |
% |
,89 |
% |
2,35 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,53 |
TIMES |
1,31 |
TIMES |
1,41 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 31/12/2012 |
|
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 LATEST FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH AND MANLY IS COMPRISED BY FINANCIAL
LIABILITIES BUT IT HAS NORMAL CURRENT RATIO AND POSITIVE WORKING CAPITAL,
CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT ALSO SHOWS HIGH
GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
5.000.000,00
THE PARTNERS OWN REAL ESTATE
VALUED AT R$ 4.500.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
7.000.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 1.772.389,31
INSURANCE:
|
|
NOT AVAILABLE. |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
11 3229-7211 |
SÃO PAULO/SP |
|
BANCO SANTANDER (REAL) S/A |
11 3228-8068 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
3395 / 2178-4447 |
|
|
BANCO ITAÚ/ UNIBANCO |
8111 / 3677-3165 |
|
|
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 AUGUST 31, 2012. |
ACTIVITIES
COMMENTS:
|
|
WHOLESALE OF GOODS IN GENERAL. MAIN PRODUCTS: CODFISH, OLIVE, OLIVE OIL, CHEESE, FRESH AND DRIED
FRUITS AND BEVERAGE IN GENERAL. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NORWAY, ARGENTINA, CHILE, SPAIN, UNITED STATES, TURKEY AND ARAB
EMIRATES. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
COMERCIAL W BORGES |
|
11 3227-1735 |
|
CONDOR SUPERCENTER |
|
41 3212-8082 |
|
EMPÓRIO CHIAPETTA |
|
11 6221-2667 |
|
GRUPO FARTURA |
|
19 3716-8400 |
|
JK COMÉRCIO DE GÊNEROS ALIMENTÍCIOS |
|
11 3228-8537 |
|
REBELA COMERCIAL EXP. |
|
11 3228-5288 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 270 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT:
|
|
THE SUBJECT WAS ESTABLISHED IN 2002. 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. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. THE PROTESTS FOUND ARE STILL CONSIDERED NOT RELEVANT AS THEY ARE
ORIGINATED FROM A TRADE DISPUTE AND DISPUTE IS BEING SETTLED WITH INTERESTED
PARTY. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
CASTELO ALIM S/A |
|
|
|
COML IMP LATICINIOS NAPOLITANO DO ABC LTDA |
|
|
|
IND BANDEIRANTE ARTEF PLAST MAD LTDA |
|
|
|
JANDIRA ALIMENTOS |
|
|
|
NADIR FIGUEIREDO |
|
|
|
PLURY QUIMICA LTDA |
|
|
|
RODOCERTO TRANSP LTDA |
|
|
|
SIOL ALIMENTOS LTDA. |
|
|
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
ACEITES DEL SUR S/A |
SPAIN |
|
|
IMPORVENDA PRODS. ALIM. |
PORTUGAL |
|
|
WEST NORWAY |
NORWAY |
|
|
PAYMENT HISTORY: |
|
10 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.284.642,00 |
|
|
|
AMOUNT OF INVOICES PAID: 167 |
|
TOTAL OF PROMPT PAYMENTS: 64,6% |
|
TOTAL OF DELAYED PAYMENTS: 35,4% |
|
|
|
HIGHEST INVOICE: R$ 27.327,00 |
|
HIGHEST CREDIT: R$ 33.670,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
18 |
R$ 217.222,36 |
FINAL
OPINION:
|
|
THE SUBJECT IS A RELATIVELY NEW ESTABLISHED COMPANY BUT BELONGS TO AN OLD
AND WELL-ESTABLISHED GROUP. THE GROUP HAS A HIGH FINANCIAL POWER AND IS SAID
TO BE ABLE TO ASSIST THE SUBJECT IN ALL OF ITS CASH NEEDS. 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. |
|
BALANCE
SHEET ANALYSIS |
FIGURES
ARE IN REAIS |
|
|
|
|
|
|
|
31/12/2011 |
|
31/12/2010 |
|
31/12/2009 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
97.52 |
$ 139,029,631 |
98.21 |
$ 98,671,512 |
97.62 |
|
|
Fixed Assets |
$ 3,254,652 |
2.48 |
$ 2,535,443 |
1.79 |
$ 2,403,353 |
2.38 |
|
TOTAL ASSETS |
$ 131,326,882 |
100.00 |
$ 141,565,075 |
100.00 |
$ 101,074,866 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 112,391,794 |
85.58 |
$ 123,109,262 |
86.96 |
$ 82,200,048 |
81.33 |
|
Long-Term Liabilities |
$ 5,392,204 |
4.11 |
$ - |
0.00 |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 117,783,998 |
89.69 |
$ 123,109,262 |
86.96 |
$ 82,200,048 |
81.33 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 13,542,884 |
10.31 |
$ 18,455,813 |
13.04 |
$ 18,874,817 |
18.67 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 131,326,882 |
100.00 |
$ 141,565,075 |
100.00 |
$ 101,074,866 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 171,655,188 |
100.00 |
$ 161,192,786 |
100.00 |
$ 115,783,498 |
100.00 |
|
Costs |
$ 133,444,017 |
77.74 |
$ 138,897,717 |
86.17 |
$ 102,761,073 |
88.75 |
|
Gross Profit |
$ 38,211,171 |
22.26 |
$ 22,295,068 |
13.83 |
$ 13,022,425 |
11.25 |
|
Operating expenses |
$ (25,452,215) |
-14.83 |
$ (18,571,444) |
-11.52 |
$ (9,584,925) |
-8.28 |
|
operational Result |
$ 369,372 |
0.22 |
$ 1,432,501 |
0.89 |
$ 2,724,868 |
2.35 |
|
Net Profit (loss) |
$ 249,785 |
0.15 |
$ 951,450 |
0.59 |
$ 2,051,394 |
1.77 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 39,290,027 |
|
$ 108,774,258 |
|
$ 75,584,236 |
|
|
Accounts receivable |
$ 70,744,662 |
|
$ 18,968,372 |
|
$ 15,546,369 |
|
|
Accounts Payable |
$ 4,842,766 |
|
$ 3,301,451 |
|
$ 25,568,423 |
|
|
Property, plant and equipment |
$ 3,254,652 |
|
$ 2,143,443 |
|
$ 2,011,353 |
|
|
Purchases |
$ 3,254,652 |
|
$ 2,535,443 |
|
$ 2,403,353 |
|
|
Financial Expenses |
$ (12,389,583) |
|
$ (2,291,123) |
|
$ (712,632) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 15,680,436 |
|
$ 15,920,369 |
|
$ 16,471,464 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.79 |
|
0.25 |
|
0.28 |
|
|
CURRENT RATIO |
1.14 |
|
1.13 |
|
1.20 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2.43 |
times |
8.50 |
times |
7.45 |
times |
|
DAYS' SALES IN RECEIVABLES |
148.37 |
days |
42.36 |
days |
48.34
|
days |
|
INVENTORY TURNOVER |
3.40 |
times |
1.28 |
times |
1.36 |
times |
|
13.06 |
days |
8.56 |
days |
89.57 |
days |
|
|
RETURN ON ASSETS |
1.31 |
times |
1.14 |
times |
1.15 |
times |
|
SALES TURNOVER ON NET EQUIY |
12.67 |
times |
8.73 |
times |
6.13 |
times |
|
NET WORTH TIE-UP |
0.24 |
|
0.12 |
|
0.11 |
|
|
ENDEBTEDNESS |
8.70 |
|
6.67 |
|
4.36 |
|
|
EQUITY RATIO |
10.31 |
% |
13.04 |
% |
18.67
|
% |
|
WORKING CAPITAL RATIO |
13.95 |
% |
12.93 |
% |
20.04
|
% |
|
GENERAL SOLVENCY |
1.11 |
|
1.15 |
|
1.23 |
|
|
RETURN ON NET EQUITY |
1.84 |
% |
5.16 |
% |
10.87
|
% |
|
RETURN ON SALES (PROFIT MARGIN) |
0.15 |
% |
0.59 |
% |
1.77 |
% |
|
GROSS PROFIT MARGIN |
22.26 |
% |
13.83 |
% |
11.25
|
% |
|
OPERATIONAL RESULT |
0.22 |
% |
0.89 |
% |
2.35 |
% |
|
SALES TURNOVER ON LIABILITIES |
1.53 |
times |
1.31 |
times |
1.41 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.