MIRA INFORM REPORT

 

 

Report Date :

14.12.2013

 

IDENTIFICATION DETAILS

 

Name :

GOLAPU FASHION INDUSTRIA E COMERCIO LTDA

 

 

Registered Office :

Rua Anhanguera, 374/416 - Barra Funda, 01135-000 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

17.07.1989

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture and Trade of Collars, Fabrics And Cuffs In General

 

 

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

 

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 – 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

 

GOLAPU FASHION INDUSTRIA E COMERCIO LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ANHANGUERA, 374/416 - BARRA FUNDA

ZIP CODE/CITY:

01135-000 - SÃO PAULO/SP

 

 

PHONE:

11 3393-1900

FAX:

11 3393-1900

E-MAIL:

roberto@golapu.com.br

WEB SITE:

www.golapu.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AV PREFEITO GABRIEL JOSE ANTONIO,64 - VILA DAS PALMEIRAS

ZIP CODE/CITY:

07024-120 GUARULHOS/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE AND TRADE OF COLLARS, FABRICS AND CUFFS IN GENERAL.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

17/07/1989

REGISTER DATE:

17/07/1989

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

61.005.187/0001-00

STATE REGISTER:

115.215.676.117

 

 

SHARE CAPITAL:

R$ 80.000,00

LAST REGISTER OF CAPITAL:

13/11/2001

 

BOARD OF DIRECTORS:

 

 

 

ROBERTO FIRMINO

MANAGER

ROBERTO FERMINO JUNIOR

MANAGING PARTNER

EDISON ERICO FERMINO

MANAGING PARTNER

 

AUTHORIZED USE OF SIGNATURE:

 

THE MANAGING PARTNERS AND MANAGER ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

ROBERTO FERMINO JUNIOR

R$ 27.200,00

EDISON ERICO FERMINO

R$ 26.400,00

JESSICA DIAS FERMINO

R$ 26.400,00

 

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NEW CAT`S PRODUÇÕES ARTÍSTICAS LTDA

 

R. OFIR TEXTIL INDUSTRIAL LTDA

 

FIRMINO COMERCIAL DE TECIDOS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JULY 17, 1989 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PARTNERS / MANAGER:

 

ROBERTO FERMINO JUNIOR, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 179.116.938-46, RG/RNE: 21146267 - SP, RESIDENTIAL ADDRESS AT RUA VOLUNTARIOS DA PATRIA, 4280, APTO.272, SANTANA - sãO PAULO/SP;

 

EDISON ERICO FERMINO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 174.567.448-90, RG/RNE: 272412739 - SP, RESIDENTIAL ADDRESS AT RUA ABILIO RAMOS, 21, MACEDO – GUARULHOS/SP;

 

JESSICA DIAS FERMINO, BRAZILIAN, HOLDER OF DOCUMENTS, CPF: 410.327.038-14, RG/RNE: 360340003 - SP, RESIDENTIAL ADDRESS AT RUA CAPITAO ALBERTO MENDES JUNIOR, 434, APTO.141, AGUA FRIA - SAO PAULO/SP;

 

ROBERTO FERMINO: BRAZILIAN, MARRIED, INDUSTRIAL, HOLDER OF DOCUMENTS RG # 7.832.868-SSP/SP, CPF # 414.689.018-68, RESIDENTIAL ADDRESS AT AVENIDA SÃO BENTO 1.342, ZIP CODE 07070-000, VILA ROSALI, GUARULHOS/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ROBERTO - MANAGER, 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 INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED "LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO REAL" (REAL PROFIT).

 

NEVERTHELESS THEY PROVIDED THE FOLLOWING INFORMATION:

 

MONTHLY SALES

 

  2011

  2010

 

 

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

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

 

JANUARY

R$ 2.352.834,58

R$ 1.621.137,69

 

FEBRUARY

R$ 2.531.209,06

R$ 2.157.016,50

 

MARCH

R$ 2.625.953,23

R$ 3.456.322,61

 

APRIL

R$ 2.170.182,06

R$ 3.706.860,67

 

MAY

R$ 2.562.480,50

R$ 3.442.134,68

 

JUNE

R$ 2.225.052,69

R$ 2.466.631,45

 

JULY

 

R$ 1.745.834,57

 

AUGUST

 

R$ 1.960.745,85

 

SEPTEMBER

 

R$ 1.887.999,03

 

OCTOBER

 

R$ 2.178.243,94

 

NOVEMBER

 

R$ 2.075.817,59

 

DECEMBER

 

R$ 1.676.235,83

 

TOTAL

R$ 14.467.712,12

R$ 28.374.980,41

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,31

 - OFFICIAL RATE

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

ALL THAT CAN BE REPORTED IS THAT SUBJECT OPERATES WITH A GROWING SCALE OF ACTIVITIES AND SO FAR NO SIGNS OF FINANCIAL PROBLEMS ARE REGISTERED.

 

REAL ESTATE:

 

DETAIL OF OWNED REAL ESTATE:

 

TYPE:

LAND

TOTAL AREA:

19000 SQ MTS

VALUE:

R$ ,00

ADDRESS:

ESTRADA DE SANTA ISABEL, 545, ARUJÁ/SP.

REMARKS:

BUILT-UP AREA: 3500 SQ MTS

 

DETAIL OF RENTED/LEASED REAL ESTATE:

 

 

 

TYPE:

BUILDING

TOTAL AREA:

4534 SQ MTS

VALUE:

R$ ,00

ADDRESS:

RUA ANHANGUERA, 374/416, SÃO PAULO/SP.

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

BANCO BRADESCO S/A

11 3235-8798

BANCO DO BRASIL S/A

11 2972-933

BANCO ITAÚ S/A

11 3224-1330

 

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 AND TRADE OF COLLARS, FABRICS AND CUFFS IN GENERAL.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

GERMANY AND ITALY

 

EXPORTS TO:

PARAGUAY.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

CONFECÇÕES ELITE LTDA

 

 

CONFECÇÕES EMMES LTDA

 

 

FONTHE S/A INDUSTRIA E COMERCIO CONFECÇÕES

 

 

LAMBRA CONFECÇÕES LTDA

 

 

PIQUE SPORT IND. DE ARTIGOS ESPORTIVOS LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 100 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1999. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER OF TRADE CREDIT FACILITIES.

 

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

AVANTI INDUSTRIAL

 

11 3298-8484

FIOBRAS LTDA

 

47 3333-3872

POLYENKA S/A

 

19 3032-2844

TEXTIL LAPO

 

11 3943-8080

TEXTIL SUECO

 

11 2196-2299

 

FOREIGN SUPPLIERS:

COUNTRY:

 

PROTTI

ITALY

 

STOLL FINANCIAL SERVICE GMBH

GERMANY

 

TERROT GMBH

GERMANY

 

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

DITIN INDÚSTRIA TÊXTIL LTDA

 

 

FIBRA S/A

 

 

LEDER VIN

 

 

PEGASO TÊXTIL LTDA

 

 

POLYENKA S/A

 

 

UNIFI DO BRASIL LTDA

 

 

 

PAYMENT HISTORY:

 

02 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 32.434,00

 

AMOUNT OF INVOICES PAID: 7

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 8.686,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

2

R$ 10.182,18

 

 

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.

 

AS NO UPDATED FINANCIAL DATA IS AVAILABLE

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.13

UK Pound

1

Rs.101.53

Euro

1

Rs.85.41

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.