|
Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
VML COMERCIAL IMPORTADORA E EXPORTADORA LTDA |
|
|
|
|
Registered Office : |
Avenida João Baptista Parra, 633 Sala 1901 - Praia Do Suá 29052-123 -
Vitória/Es |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
28.06.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Goods in General. |
|
|
|
|
No. of Employees : |
29 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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% 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.
|
Source : CIA |
VML COMERCIAL
IMPORTADORA E EXPORTADORA LTDA
|
MAIN ADDRESS: |
AVENIDA JOÃO BAPTISTA PARRA, 633 SALA 1901 - PRAIA DO SUÁ |
|
ZIP CODE/CITY: |
29052-123 - VITÓRIA/ES |
|
|
|
|
PHONE: |
27 3183-9900 |
|
FAX: |
27 3183-9900/9911 |
|
E-MAIL: |
ivone.rodrigues@brascomexgroup.com |
|
WEB SITE: |
www.brascomexgroup.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA RIO BRANCO, 274 LOJA 32 - SHOPPING RIO BRANCO - SANTA LÚCIA |
|
ZIP CODE/CITY: |
29056-264 VITÓRIA/ES |
|
CNPJ: |
08.937.537/0002-75 |
|
|
|
|
ADDRESS: |
AVENIDA CORONEL MARCOS KONDER, 1207 SALA 131 EDIFICIO EMBRAED CENTRO
EMPRESARIAL - CENTRO |
|
ZIP CODE/CITY: |
88301-303 ITAJAÍ/SC |
|
CNPJ: |
08.937.537/0003-56 |
|
|
|
|
ADDRESS: |
AVENIDA TALMA RODRIGUES RIBEIRO, 1251 BOX 01 - PORTAL DE JACARAÍPE |
|
ZIP CODE/CITY: |
29173-795 SERRA/ES |
|
CNPJ: |
08.937.537/0004-37 |
|
MAIN ACTIVITIES: |
|
WHOLESALE OF GOODS IN GENERAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
28/06/2007 |
|
REGISTER DATE: |
04/07/2007 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
08.937.537/0001-94 |
|
STATE REGISTER: |
082.470.98-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 500.000,00 |
|
LAST REGISTER OF CAPITAL: |
26/05/2009 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FREDERICO VASSEM |
MANAGING PARTNER |
|
FABIO MAIA LAPERRIERE |
MANAGING PARTNER |
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
FREDERICO VASSEM |
50% |
|
FABIO MAIA LAPERRIERE |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
|
|
|
ALLIANCE LOGISTICA E ASSESSORIA EM COMÉRCIO EXTERIOR LTDA |
|
|
BRASCOMEX COMERCIO EXTERIOR LTDA |
|
|
VM LIGHT ILUMINAÇÃO LTDA |
|
THE SUBJECT WAS ESTABLISHED ON JUNE 28, 2007 AS ALL COMÉRCIO, IMPORTAÇÃO
E EXPORTAÇÃO LTDA, LATER, ALLMAX COMERCIAL IMPORTADORA E EXPORTADORA LTDA. TO
BE ENGAGED IN THE SAID LINE OF BUSINESS. ON DECEMBER 9, 2008 IT ADOPTED THE
ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN.
TRADE NAME: ALLMAX TRADING
PARTNERS:
FREDERICO VASSEM: BRAZILIAN, ECONOMIST, MARRIED, HOLDER OF DOCUMENTS CPF
071.252.567-08 AND RG 1.258.433 SSP/ES, RESIDENTIAL ADDRESS AT RUA JOÃO DA
CRUZ, 315, APTO. 601, EDIFÍCIO GRANDI MONTEIRO, PRAIA DO CANTO, CEP 29055-620,
VITÓRIA/ES;
FABIO MAIA LAPERRIERE: BRAZILIAN, HOLDER OF DOCUMENTS CPF
069.163.117-46, RG 1.273.079 SSP/ES, RESIDENTIAL ADDRESS AT RUA JOAQUIM LÍRIO,
237, APTO. 1302, EDIFÍCIO ALICE QUINTELA, PRAIA DO CANTO, CEP 29055-460,
VITÓRIA/ES.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
PUBLIC
INFORMATION:
NO DETRIMENTAL FILES WERE FOUND.
|
GENERAL BALANCE
SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN
REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
347.596,18 |
766.408,93 |
20.350,24 |
|
INVESTMENTS |
182.815,74 |
128.204,57 |
35.016,02 |
|
CLIENTS |
14.973.126,96 |
5.070.905,96 |
1.313.914,49 |
|
DISCOUNTED NOTES |
-9.028.501,81 |
|
|
|
INVENTORY |
4.370.523,16 |
4.206.793,33 |
4.645.572,28 |
|
ADVANCE TO SUPPLIERS |
5.927.908,40 |
114.783,95 |
5.735,00 |
|
ADVANCE TO EMPLOYEES |
24.624,45 |
104.821,34 |
1.200,00 |
|
RECOVERABLE TAXES |
135.178,49 |
16.538,93 |
88.699,75 |
|
OTHER CREDITS |
930.769,49 |
7.000,00 |
|
|
PRE PAID EXPENSES |
26.584,19 |
27.749,85 |
14.050,66 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
17.890.625,25 |
10.443.206,86 |
6.124.538,44 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
3.992.773,76 |
1.670.210,36 |
806.245,61 |
|
OTHER CREDITS |
|
4.800,00 |
4.800,00 |
|
PRE PAID EXPENSES |
4.800,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
3.997.573,76 |
1.675.010,36 |
811.045,61 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
704.405,01 |
340.688,05 |
333.864,94 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
704.405,01 |
340.688,05 |
333.864,94 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
22.592.604,02 |
12.458.905,27 |
7.269.448,99 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
LOANS AND FINANCING |
17.599.597,32 |
8.955.412,32 |
4.462.341,53 |
|
SUPPLIERS |
1.734.589,26 |
825.996,63 |
673.060,37 |
|
TRIBUTARY OBLIGATIONS |
394.297,19 |
546.696,24 |
629.125,70 |
|
SOCIAL / LABOR OBLIGATIONS |
220.274,35 |
173.695,39 |
18.720,60 |
|
ADVANCE FROM CLIENTS |
66.204,84 |
|
|
|
ACCOUNTS PAYABLE |
106.059,91 |
183.858,73 |
446.093,36 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
20.121.022,87 |
10.685.659,31 |
6.229.341,56 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
893.128,17 |
71.461,03 |
350.217,49 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
893.128,17 |
71.461,03 |
350.217,49 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
500.000,00 |
500.000,00 |
500.000,00 |
|
ACCRUED PROFIT (LOSS) |
|
|
189.889,94 |
|
PROFIT RESERVES |
602.742,33 |
1.201.784,93 |
|
|
PROFIT (LOSS) OF PERIOD |
475.710,65 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.578.452,98 |
1.701.784,93 |
689.889,94 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
22.592.604,02 |
12.458.905,27 |
7.269.448,99 |
|
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 |
67.121.596,76 |
72.243.204,24 |
17.866.466,17 |
|
(-) TAXES ON SALES |
14.889.633,11 |
15.202.934,43 |
4.169.684,61 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
52.231.963,65 |
57.040.269,81 |
13.696.781,56 |
|
(-) COST OF SOLD GOODS |
43.221.919,89 |
50.804.643,64 |
12.164.639,65 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
9.010.043,76 |
6.235.626,17 |
1.532.141,91 |
|
OPERATING REVENUE (EXPENSE) |
-5.642.880,86 |
-4.627.848,97 |
-647.120,92 |
|
FINANCIAL REVENUE(EXPENSE) |
-2.891.452,25 |
147.906,80 |
-166.654,05 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
475.710,65 |
1.755.684,00 |
718.366,94 |
|
CONTRIBUTION/INCOME TAX |
|
-743.789,01 |
-232.244,55 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
475.710,65 |
1.011.894,99 |
486.122,39 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,67 |
|
,58 |
|
,24 |
|
|
CURRENT RATIO |
,89 |
|
,98 |
|
,98 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,49 |
TIMES |
11,25 |
TIMES |
10,42 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
103,20 |
DAYS |
32,00 |
DAYS |
34,53 |
DAYS |
|
INVENTORY TURNOVER |
9,89 |
TIMES |
12,08 |
TIMES |
2,62 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
14,45 |
DAYS |
5,85 |
DAYS |
19,92 |
DAYS |
|
RETURN ON ASSETS |
2,31 |
TIMES |
4,58 |
TIMES |
1,88 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
33,09 |
TIMES |
33,52 |
TIMES |
19,85 |
TIMES |
|
NET WORTH TIE-UP |
,45 |
|
,20 |
|
,48 |
|
|
INDEBTEDNESS |
13,31 |
|
6,32 |
|
9,54 |
|
|
EQUITY RATIO |
6,99 |
% |
13,66 |
% |
9,49 |
% |
|
WORKING CAPITAL RATIO |
-11,08 |
% |
-2,27 |
% |
-1,68 |
% |
|
GENERAL SOLVENCY |
1,08 |
|
1,16 |
|
1,10 |
|
|
RETURN ON NET EQUITY |
30,14 |
% |
59,46 |
% |
70,46 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,91 |
% |
1,77 |
% |
3,55 |
% |
|
GROSS PROFIT MARGIN |
17,25 |
% |
10,93 |
% |
11,19 |
% |
|
OPERATIONAL RESULT |
,91 |
% |
3,08 |
% |
5,24 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,60 |
TIMES |
5,34 |
TIMES |
2,20 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 01/02/2013 |
|
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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS
LOW LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. FURTHER, SALES DROPPED BUT
POSTED PROFIT. REMARKS: THE INCREASE IN THE SALES VOLUME SHOWED IN 2010 DUE TO THE INCREASE OF
THE DEMAND. |
|
REAL ESTATE: |
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 1.000.000,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 17.000,00 |
VEHICLES:
OWNED VEHICLES ARE VALUED AT R$ 150.000,00
MACHINES:
NOT AVAILABLE
NOT AVAILABLE.
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
1400-1 / 27 3357-6600 |
|
|
BANCO ITAÚ S/A |
4867 / 27 3223-1879 |
|
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").
THE SUBJECT IS ENGAGED IN THE WHOLESALE OF GOODS IN GENERAL.
IMPORT AND EXPORT:
IMPORTS FROM:
US$ 9.270.163,42 (LAST 12 MONTHS)
EXPORTS TO:
NOT AVAILABLE.
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
ALBASTELL INDÚSTRIA COMÉRCIO DE LIGAS PARA FUNDIÇÃO LTDA |
|
|
|
COFEL COMERCIAL INDÚSTRIA DE FERRO LIGAS LTDA |
|
11 4417-3333 |
|
INDÚSTRIA FARMACÊUTICA RIO QUÍMICA LTDA |
|
17 3224-4463 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 29 EMPLOYEE(S) |
THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2007. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED.
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: |
CITY: |
PHONE: |
|
HIPER EXPORT TERMINAIS RETROPORTUÁRIOS S/A |
VILA VELHA/ES |
27 3326-7666 |
|
PINHEIRO DE SÁ ENGENHARIA LTDA |
|
|
|
TRACOMAL NORTE GRANITOS LTDA |
|
|
|
TRANSPORTADORA JOLIVAN LTDA |
VIANA/ES |
27 3246-3000 |
|
TRANSPORTADORA TRANSFINAL LTDA |
CARIACICA/ES |
27 3346-2777 |
|
TVV - TERMINAL DE VILA VELHA |
VILA VELHA/ES |
27 3346-2445 |
PAYMENT HISTORY:
NO PAYMENT RECORD IS REGISTERED.
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.
A CREDIT LIMIT OF US$ 500.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS
SHOULD BE GRANTED WITH SOME CAUTION AS SUBJECT HAS LOW LIQUIDITY AND HIGH LEVEL
OF INDEBTEDNESS AND ONLY THE GROWING SALES ARE THE MAIN SOURCE TO GENERATE THE
FUNDS NECESSARY TO FACE THE FINANCIAL AND TRADE COMMITMENTS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.