MIRA INFORM REPORT

 

 

Report Date :

07.12.2013

 

IDENTIFICATION DETAILS

 

Name :

DUDALINA S A

 

 

Registered Office :

Rua DR. Tomaz Carvalhal, 681 1º Andar - Bairro Paraíso

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

28.02.1962

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture of wearing apparel

 

 

No. of Employees :

2315

 

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 :

Good

Payment Behaviour :

Regular

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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% in 2011, and 1.3% in 2012. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made 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 exchange 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. In an effort to boost growth, in 2012 the administration implemented a somewhat more expansionary monetary policy that has failed to stimulate much growth

Source : CIA


Company name and address

 

DUDALINA S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA DR. TOMAZ CARVALHAL, 681 1º ANDAR - BAIRRO PARAÍSO

ZIP CODE/CITY:

04006-002 - SÃO PAULO/SP

 

 

PHONE:

11 3885-0773

FAX:

11 3885-0773

E-MAIL:

rosangela@dudalina.com.br

WEB SITE:

www.dudalina.com.br

 

BRANCHES:

 

 

 

REQUESTED ADDRESS:

ROD BR 470, KM 50, Nº. 7109 FORTALEZA CAIXA POSTAL: 1154

ZIP CODE/CITY:

89058-020 BLUMENAU/SC

PHONE:

47 3331-9001

CNPJ:

85.120.939/0004-95

STATE REGISTER:

250.268.850

 

 

ADDRESS:

RUA CURT HERING, 1849 - CENTRO

ZIP CODE/CITY:

89150-000 PRESIDENTE GETÚLIO/SC

PHONE:

47 352-1582

CNPJ:

85.120.939/0005-76

STATE REGISTER:

251.263.592

 

 

ADDRESS:

RUA PROFESSOR SIMÃO HESS, 341 - BAIRRO SALTO

ZIP CODE/CITY:

89115-000 LUIZ ALVES/SC

PHONE:

47 377-1150

CNPJ:

85.120.939/0014-67

STATE REGISTER:

250.455.226

 

 

ADDRESS:

RUA TOMAZ CARVALHO, 681 - PARAISO

ZIP CODE/CITY:

04006-002 SÃO PAULO/SP

PHONE:

11 3885-0773

FAX:

11 3887-7379

CNPJ:

85.120.939/0012-03

STATE REGISTER:

111.003.275.119

 

 

ADDRESS:

RUA ARNO DELLING, 258 - ITOUPAVAZINHA

ZIP CODE/CITY:

89066-350 BLUMENAU/SC

PHONE:

47 3702-6004

CNPJ:

85.120.939/0017-00

STATE REGISTER:

256.437.246

 

 

ADDRESS:

RODOVIA PR 082, LOTE 25-B

ZIP CODE/CITY:

87240-000 TERRA BOA/PR

PHONE:

44 726-1615

CNPJ:

85.120.939/0008-19

STATE REGISTER:

835.009.33-0

 

 

ADDRESS:

RUA CRUZ E SOUZA, 1140 - CENTRO

ZIP CODE/CITY:

89124-000 BENEDITO NOVO/SC

PHONE:

47 3385-4089

CNPJ:

85.120.939/0055-35

STATE REGISTER:

256.893.683

 

RETAIL BRANCHES: AL (01), BA (03), CE (01), GO (02), MG (03), PE (02), PR (02), RJ (05), RN (01), RS (03), SC (03), SE (01) AND SP (16) = TOTAL 43 BRANCHES.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF WEARING APPAREL.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

28/02/1962

REGISTER DATE:

26/08/1962

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

85.120.939/0001-42

STATE REGISTER:

149.647.541.119

 

 

SHARE CAPITAL:

R$ 67.000.000,00

 

BOARD OF DIRECTORS:

 

 

 

SÔNIA REGINA HESS DE SOUZA

PRESIDENT DIRECTOR

ILTON ROGEÉRIO TARNOVSKI

COMMERCIAL DIRECTOR

RUI LEOPOLDO HESS DE SOUZA

EXPORT DIRECTOR

GERSON OTTO SCHUARDT

INDUSTRIAL DIRECTOR

EDISON VASQUES JUNIOR

MARKETING DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ADROPAR PARTICIPAÇÕES S/A

54,40%

ARSIMA PARTICIPAÇÕES SOCIETÁRIAS S/A

18,12%

VILLA PARTICIPAÇÕES S/A

17,49%

OTHERS

9,99%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

CALÇA CAMISA SP LTDA

 

MAXXAM INDUSTRIA E COMERCIO DO VESTUÁRIO LTDA

 

DUDALINA COMERCIAL EXPORTADORA LTDA

 

BASE FRANQUEADORA DE VESTUÁRIO LTDA

 

LOJAS DUDALINA CONFECÇÕES LTDA

 

ADRO INDUSTRIA DE ROUPAS LTDA

 

HOTEL FAZENDA SANTO ANTONIO LTDA

 

PREMIUM CONSTRUÇÃO DE EDIFÍCIO LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON FEBRUARY 28, 1962 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAMES DUDALINA, BASE.CO Y INDIVIDUAL.

 

BUSINESS ADDRESS HAS CHANGED FROM (RUA TOMAS CARVALHAL, 595 SOBRE LOJA - PARAÍSO, SÃO PAULO/SP ) TO THE PRESENT REGISTERED ONE.

 

DUDALINA S/A IS LOCATED IN THE IN BLUMENAU, STATE OF SANTA CATARINA, SOUTHERN REGION OF BRAZIL. BLUMENAU IS PLACED IN THE ITAJAÍ VALLE, WHICH IS THE BRAZIL'S LARGEST TEXTILE POLE. THE CITY HAS VERY TEXTILE INDUSTRIES AND HAS A POPULATION HIGH INFLUENCED BY THE GERMAN CULTURE. 

 

IN ORDER TO SATISFY THE LIKES, DUDALINA HAS CREATED BRANDS FOR SPECIFIC CONSUMERS. BASE.CO, IS AN ADVENTURE LINE FOCUSED ON YOUNG PEOPLE WHICH PREFERS THE FREEDOM SENSATION. DUDALINA, BY FERNANDO DE BARROS IS A COLLECTION SIGNED BY THE BRAZILIAN'S GREATEST STYLIST AND WAS DESIGNED TO SATISFY THE CONSUMER WHICH SEARCH HIGH-QUALITY AND PLEASANT PRODUCTS. THE COLLECTION IS MANUFACTURED WITH IMPORTED AND LOCAL FABRICS. INDIVIDUAL, THE OTHER GROUP'S IMPORTANT BRAND IS DESIGNED TO PERSONS WITH A MORE CASUAL STYLE.

 

ON APRIL 19, 2004 THERE WAS SHARE CAPITAL REDUCTIN FROM R$ 13.258.651,00 TO R$ 1.544.989,00, THROUGH THE AMORTIZATION OF LOSSES FROM PRIOR YEARS IN THE AMOUNT OF R$ 11.713.662,00. AT THE SAME DATE THE SHAREHOLDERS RENOUNCED THE RECEIPT OF DIVIDENDS, OUTSTANDING BALANCE OF R$ 3.346.697,25 AND AUTHORIZED THEIR TRANSFERENCE TO THE SHARE CAPITAL, WHICH WAS INCREASED TO R$ 4.891.686,00.

 

ACCORDING TO GENERAL MEETING HELD ON APRIL 18, 2013 THE SHARE CAPITAL WILL BE INCREASED TO R$ 120.000.000,00.

 

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

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

CASH AND BANKS

66.654.791,00

21.209.646,00

14.257.901,00

CLIENTS

99.633.935,00

66.795.873,00

45.093.039,00

INVENTORY

42.928.793,00

35.324.312,00

14.724.493,00

ACCOUNTS RECEIVABLE

249.627,00

111.351,00

283.123,00

RECOVERABLE TAXES

1.874.441,00

1.378.726,00

1.480.178,00

PREPAID EXPENSES

764.175,00

508.987,00

216.904,00

 

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

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

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

TOTAL CURRENT ASSETS

212.105.762,00

125.328.895,00

76.055.638,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

 

 

316.426,00

JUDICIAL DEPOSITS

289.909,00

305.949,00

374.104,00

RECOVERABLE TAXES

587.696,00

92.479,00

82.079,00

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

877.605,00

398.428,00

772.609,00

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

27.489,00

27.489,00

27.489,00

FIXED ASSETS

59.125.307,00

43.309.461,00

35.856.552,00

INTANGIBLE

10.742.150,00

5.299.624,00

608.715,00

 

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

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

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

TOTAL FIXED ASSETS

69.894.946,00

48.636.574,00

36.492.756,00

 

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

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

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

TOTAL ASSETS

282.878.313,00

174.363.897,00

113.321.003,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

SUPPLIERS

27.740.069,00

15.520.133,00

10.470.406,00

LOANS AND FINANCING

472.773,00

1.995.604,00

379.744,00

SOCIAL / LABOR OBLIGATIONS

13.012.248,00

7.647.526,00

4.351.905,00

PROFIT SHARING

6.912.756,00

3.274.315,00

1.460.751,00

TRIBUTARY OBLIGATIONS

16.835.898,00

12.453.446,00

7.232.423,00

COMMISSIONS DUE

3.562.867,00

2.873.648,00

1.969.078,00

DIVIDENDS

24.651.556,00

14.429.430,00

7.690.626,00

FISCAL RECOVERY PROGRAM - REFIS

421.937,00

 

 

OTHER DEBTS

2.895.080,00

1.258.288,00

765.490,00

 

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

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

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

TOTAL CURRENT LIABILITIES

96.505.184,00

59.452.390,00

34.320.423,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

846.877,00

1.309.640,00

1.167.302,00

PROVISION FOR CONTINGENCIES

2.949.736,00

3.010.318,00

1.449.093,00

DEFERRED TAXES

6.029.090,00

6.108.910,00

6.188.732,00

FISCAL RECOVERY PROGRAM - REFIS

 

19.436.625,00

20.748.969,00

SUPPLIERS

1.713.698,00

 

 

INSTALLMENTS TAXES PAYABLE

25.282.745,00

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

36.822.146,00

29.865.493,00

29.554.096,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

67.000.000,00

22.000.000,00

22.000.000,00

PROFIT RESERVES

70.847.456,00

51.187.541,00

15.433.065,00

OTHER COMPREHENSIVE INCOME

11.703.527,00

11.858.473,00

12.013.419,00

 

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

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

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

TOTAL NET EQUITY

149.550.983,00

85.046.014,00

49.446.484,00

 

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

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

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

TOTAL LIABILITIES

282.878.313,00

174.363.897,00

113.321.003,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

 

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

GROSS SALES

439.368.439,00

282.261.664,00

177.267.171,00

(-) TAXES ON SALES

89.829.133,00

47.457.772,00

26.523.769,00

 

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

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

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

NET SALES

349.539.306,00

234.803.892,00

150.743.402,00

(-) COST OF SOLD GOODS

141.892.837,00

114.533.586,00

86.884.316,00

 

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

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

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

GROSS PROFIT

207.646.469,00

120.270.306,00

63.859.086,00

OPERATING REVENUE (EXPENSE)

-89.236.523,00

-55.880.318,00

-32.572.895,00

FINANCIAL REVENUE(EXPENSE)

-4.427.746,00

-1.028.640,00

-660.877,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

113.982.200,00

63.361.348,00

30.625.314,00

CONTRIBUTION/INCOME TAX

-14.497.826,00

-9.421.665,00

-6.038.614,00

PROFIT SHARING

-12.275.906,00

-5.858.859,00

-2.409.491,00

 

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

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

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

NET PROFIT (LOSS)

87.208.468,00

48.080.824,00

22.177.209,00

 

RATIOS:

31/12/2012

31/12/2011

31/12/2010

 

QUICK RATIO

1,75

 

1,51

 

1,79

 

CURRENT RATIO

2,20

 

2,11

 

2,22

 

ACCOUNTS RECEIVABLE TURNOVER

3,51

TIMES

3,52

TIMES

3,34

TIMES

DAYS' SALES IN RECEIVABLES

102,62

DAYS

102,41

DAYS

107,69

DAYS

INVENTORY TURNOVER

3,31

TIMES

3,24

TIMES

5,90

TIMES

ACCOUNTS PAYABLE PERIOD

70,38

DAYS

48,78

DAYS

43,38

DAYS

RETURN ON ASSETS

1,24

TIMES

1,35

TIMES

1,33

TIMES

SALES TURNOVER ON NET EQUITY

2,34

TIMES

2,76

TIMES

3,05

TIMES

NET WORTH TIE-UP

,40

 

,51

 

,73

 

INDEBTEDNESS

,89

 

1,05

 

1,29

 

EQUITY RATIO

52,87

%

48,78

%

43,63

%

WORKING CAPITAL RATIO

119,79

%

110,81

%

121,60

%

GENERAL SOLVENCY

2,12

 

1,95

 

1,77

 

RETURN ON NET EQUITY

58,31

%

56,54

%

44,85

%

RETURN ON SALES (PROFIT MARGIN)

24,95

%

20,48

%

14,71

%

GROSS PROFIT MARGIN

59,41

%

51,22

%

42,36

%

OPERATIONAL RESULT

32,61

%

26,98

%

20,32

%

SALES TURNOVER ON LIABILITIES

3,62

TIMES

3,95

TIMES

4,39

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,37

 - OFFICIAL RATE ON 04/12/2013

US$ 1,00 = R$ 2,04

 - 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

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 25.493.253,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 487.865,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 6.924.277,00

 

INSURANCE

 

AS OF DECEMBER 31, 2012 THE INSURANCE COVERAGE AGAINST OPERATIONAL RISKS WAS COMPRISED BY R$ 479.190.000,00 FOR MATERIAL DAMAGES AND R$ 272.386.399,00 FOR LOSS OF INCOME.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

47 322-6388

BLUMENAU/SC

BANCO DO BRASIL S/A

47 323-1939

BLUMENAU/SC

BANCO SAFRA S/A

47 326-7037

BLUMENAU/SC

BANCO SANTANDER (BRASIL) S/A

47 3326-5888

BLUMENAU/SC

HSBC BANK BRASIL S/A

47 2123-7243

BLUMENAU/SC

 

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 MANUFACTURE OF WEARING APPAREL.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

 

INDIA, CHINA, PERU, HONG KONG, TURKEY, GERMANY, ITALY, URUGUAY AND PORTUGAL.

 

   EXPORTS TO:

 

PARAGUAY, CHILE, BOLIVIA, ITALY, DUBAI, COLOMBIA AND JAPAN.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ANTONIO KUCINSKI E CIA

 

45 2101-6565

BR LABERS IND. E COM. LTDA

 

11 3611-9115

CLAUDINO S/A LOJAS DE DEPARTAMENTO

 

86 3216-5859

LEVI STRAUSS DO BRASIL IND. COM. LTDA

 

11 3066-3700

LIFESURF COMÉRCIO DE MODA LTDA

 

11 5181-4011

MANOEL BENEDITO DE BARROS ME

 

65 3623-0041

MIAMI SPORTS IMPORTADORA E EXPORTADORA LTDA

 

19 2122-3500

ORGANIZAÇÕES MAKENJI IMPORT COM LTDA

 

48  224-9122

OTELLO COM ARTIGOS DO VESTUÁRIO LTDA

 

41 3329-9137

SELLINVEST DO BRASIL S/A

 

11 7201-2211

SQUARE MODAS LTDA

 

11 3889-9499

VIA VENETO ROUPAS LTDA

 

11  240-3651

ZARA BRASIL LTDA

 

11 3649-0628

 

STAFF:

 

THE COMPANY HAS: 2315 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1962. 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.

 

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ALPARGATAS SANTISTA TEXTIL S/A

 

11 3748-0609

COATS CORRENTE LTDA

 

0800-702-1102

EDITORA GRÁFICA ODORIZZI LTDA

 

47 3334-2977

FÁBRICA DE CALÇADOS E BORDADOS HACO

 

47  378-1111

FÁBRICA DE TECIDOS CARLOS RENAUX S/A

 

47  351-0979

LAINERI DE PICARDIE - GOLAPLAST BRASIL TÊXTIL

 

11 6432-5008

SOMELOS TECIDOS BRASIL LTDA

 

47 3350-3435

TAVEX BRASIL S/A

 

08000 112007

TECELAGEM HUDTELFA LTDA

 

19  466-2549

TEXTIL RENAUXVIEW S/A

 

47 3255-1000

VICUNHA NORDESTE S/A

 

11 6193-8000

 

FOREIGN SUPPLIERS:

COUNTRY:

PHONE:

CIA. INDUSTRIAL TEXTIL CREDISA TRUTEX S.A.A CREDITEX

LIMA, PERU

(511) 348-0491

CLC CORPORATION

NEW DELHI, INDIA

 

MORARJEE TEXTILES LTD

PAREL, MUMBAI

91-22-6615 4607

OSWAL F.M. HAMMERLE TEXTILES LTD

 

+91 230-3207676

RAYMOND ZAMBAITI PRIVATE LTD

MAHARASHTRA, INDIA

 

S. KMARS NATIONWIDE LTD

LOWER PAREL, MUMBAI

022-24930180

 


 

PAYMENT HISTORY:

 

21 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 9.819.665,00

 

AMOUNT OF INVOICES PAID: 1417

TOTAL OF PROMPT PAYMENTS: 99,9%

TOTAL OF DELAYED PAYMENTS: 0,1%

 

HIGHEST INVOICE: R$ 418.946,00

HIGHEST CREDIT: R$ 552.088,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 90 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

4

6

R$ 30.479,40

DUE WITHIN 60 DAYS

1

1

R$ 766,46

DUE WITHIN 90 DAYS

1

4

R$ 12.309,46

ALL

5

11

R$ 43.555,32

 

 

FINAL OPINION

 

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

 

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$ 3.000.000,00 MAY BE CONSIDERED. EVEN HIGHER AMOUNTS MAY BE CONSIDERED DEPENDING ON THE BUSINESS BEING ESTABLISHED WITH THE SUBJECT.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.67

UK Pound

1

Rs.100.65

Euro

1

Rs.84.25

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.