|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAT TEXTIL LTDA |
|
|
|
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Registered Office : |
Rua Flavio Godofredo Pacheco Pereira,26 – Caipe 44.270-000 - Terra Nova/Ba |
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|
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Country : |
Brazil |
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|
|
|
Financials (as on) : |
30.11.2012 |
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|
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Date of Incorporation : |
27.04.2005 |
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|
|
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Manufacture of Textile Articles. |
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|
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No. of Employees : |
330 |
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 |
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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 |
BAT TEXTIL LTDA
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MAIN ADDRESS: |
RUA FLAVIO GODOFREDO PACHECO PEREIRA,26 - CAIPE |
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ZIP CODE/CITY: |
44.270-000 - TERRA NOVA/BA |
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PHONE: |
75 3238-9153 |
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E-MAIL: |
gislaine.braga@bbm.ind.br |
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BRANCHES: |
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NOT AVAILABLE. |
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MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILE ARTICLES. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
|
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INCORPORATION DATE: |
27/04/2005 |
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REGISTER DATE: |
27/04/2005 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
07.400.413/0001-02 |
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STATE REGISTER: |
67.524.260 |
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|
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SHARE CAPITAL: |
R$ 50.000,00 |
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BOARD OF
DIRECTORS: |
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|
|
|
|
CARLOS EDUARDO OLIVEIRA LIMA |
MANAGING PARTNER |
|
EDMILSON DA SILVA BRABO |
MANAGING PARTNER |
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CARLOS EDUARDO OLIVEIRA LIMA |
50% |
|
EDMILSON DA SILVA BRABO |
50% |
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AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE
SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
PROMOCEL INDUSTRIA E COMERCIO
DE EMBALAGENS LTDA - EPP |
|
|
BIG BAG DE MINAS LTDA |
|
|
BBM & PROMOCEL EMBALAGENS
ESPECIAIS LTDA - ME |
|
|
THE SUBJECT WAS ESTABLISHED ON APRIL 27, 2005 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. THE COMPANY OPERATES WITH THE TRADE NAME OF "BAT TEXTIL" THE CONTACTS WERE MADE THROUGH THE PHONE NUMBER 31 3503-2302 AT THE
COMPANY BBM & PROMOCEL EMBALAGENS ESPECIAIS LTDA - ME (GROUP'S COMPANY). FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC INFORMATION: |
|
PROTESTS: |
|
1 PROTEST,TOTAL AMOUNT R$
14.826,84 |
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DETAILS OF
LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTORIO DE IBIRITE/MG |
12/2012 |
R$ 14.826,84 |
|
GENERAL BALANCE
SHEETS AS OF 30/11/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN
REAIS ). |
|
ASSETS |
|
|
|
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CURRENT: |
30/11/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND BANKS |
2.423,62 |
1.437,66 |
162.340,55 |
|
CLIENTS |
5.592.741,76 |
4.778.025,95 |
2.207.937,56 |
|
INVENTORY |
6.143.479,27 |
4.144.619,74 |
1.522.952,76 |
|
RECOVERABLE TAXES |
497.417,47 |
169.376,50 |
167.275,75 |
|
PRE PAID EXPENSES |
43.919,37 |
81.875,57 |
5.078,25 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
12.279.981,49 |
9.175.335,42 |
4.065.584,87 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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FIXED ASSETS |
475.002,16 |
274.651,09 |
140.360,76 |
|
OTHER |
48.591,43 |
104.914,24 |
8.313,86 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
523.593,59 |
379.565,33 |
148.674,62 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
12.803.575,08 |
9.554.900,75 |
4.214.259,49 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/11/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
ACCOUNTS PAYABLE |
4.810.963,69 |
5.010.492,21 |
2.567.778,68 |
|
OTHER |
1.634.827,41 |
2.371.441,16 |
1.856.580,55 |
|
LOANS AND FINANCING |
877.138,17 |
1.288.103,54 |
564.854,43 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
7.322.929,27 |
8.670.036,91 |
4.989.213,66 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
OTHER |
318.101,91 |
63.023,41 |
|
|
TAXES AND CONTRIBUTIONS |
4.747.182,20 |
810.812,43 |
|
|
LOANS AND FINANCING |
318.981,07 |
910.821,23 |
449.400,17 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
5.384.265,18 |
1.784.657,07 |
449.400,17 |
|
NET EQUITY: |
|
|
|
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|
|
|
|
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NET EQUITY |
96.380,63 |
-899.793,23 |
-1.224.354,34 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
96.380,63 |
-899.793,23 |
-1.224.354,34 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
12.803.575,08 |
9.554.900,75 |
4.214.259,49 |
|
PROFIT AND LOSS ACCOUNTS
AS OF 30/11/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN
REAIS ). |
|
|
30/11/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
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GROSS SALES |
41.438.901,25 |
26.135.258,36 |
17.513.467,84 |
|
(-) TAXES ON SALES |
9.994.548,91 |
5.692.221,82 |
3.670.478,68 |
|
|
---------------- |
---------------- |
---------------- |
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NET SALES |
31.444.352,34 |
20.443.036,54 |
13.842.989,16 |
|
(-) COST OF SOLD GOODS |
26.517.925,52 |
17.562.110,09 |
11.966.922,15 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
4.926.426,82 |
2.880.926,45 |
1.876.067,01 |
|
OPERATING REVENUE (EXPENSE) |
-2.008.189,29 |
-1.384.084,87 |
-1.134.586,96 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.585.756,09 |
-1.085.055,63 |
-579.075,66 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.332.481,44 |
411.785,95 |
162.404,39 |
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NON-OPERATING RESULT |
|
|
-10,00 |
|
CONTRIBUTION/INCOME TAX |
-336.307,58 |
-87.224,84 |
-27.282,28 |
|
|
---------------- |
---------------- |
---------------- |
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NET PROFIT (LOSS) |
996.173,86 |
324.561,11 |
135.112,11 |
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RATIOS: |
30/11/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
,84 |
|
,58 |
|
,51 |
|
|
CURRENT RATIO |
1,68 |
|
1,06 |
|
,81 |
|
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ACCOUNTS RECEIVABLE TURNOVER |
5,62 |
TIMES |
4,28 |
TIMES |
6,27 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
58,69 |
DAYS |
84,14 |
DAYS |
57,42 |
DAYS |
|
INVENTORY TURNOVER |
4,32 |
TIMES |
4,24 |
TIMES |
7,86 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
|
|
|
|
|
|
|
RETURN ON ASSETS |
2,46 |
TIMES |
2,14 |
TIMES |
3,28 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
326,25 |
TIMES |
-22,72 |
TIMES |
-11,31 |
TIMES |
|
NET WORTH TIE-UP |
4,93 |
|
-,31 |
|
-,11 |
|
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INDEBTEDNESS |
131,84 |
|
-11,62 |
|
-4,44 |
|
|
EQUITY RATIO |
,75 |
% |
-9,42 |
% |
-29,05 |
% |
|
WORKING CAPITAL RATIO |
67,69 |
% |
5,83 |
% |
-18,51 |
% |
|
GENERAL SOLVENCY |
1,01 |
|
,91 |
|
,77 |
|
|
RETURN ON NET EQUITY |
1.033,58 |
% |
-36,07 |
% |
-11,04 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,17 |
% |
1,59 |
% |
,98 |
% |
|
GROSS PROFIT MARGIN |
15,67 |
% |
14,09 |
% |
13,55 |
% |
|
OPERATIONAL RESULT |
4,24 |
% |
2,01 |
% |
1,17 |
% |
|
SALES TURNOVER ON LIABILITIES |
4,29 |
TIMES |
2,36 |
TIMES |
2,77 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,10 |
- OFFICIAL RATE ON 30/11/2012 |
|
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$ 1,96 |
- OFFICIAL RATE ON 14/02/2013 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE INTERIM FIGURES FOR NOVEMBER 2012 SHOW A FAIR FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS HIGH GROWING SALES AND
PROFITABILITY. |
REAL ESTATE:
NOT AVAILABLE
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
NOT AVAILABLE.
|
NOT AVAILABLE. |
|
|
|
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
|
MANUFACTURE OF TEXTILE ARTICLES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
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STAFF: |
|
|
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THE COMPANY HAS: 330 EMPLOYEE(S) |
|
THE SUBJECT WAS ESTABLISHED IN 2005. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NO ADVERSE INFORMATION IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE. |
|
|
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PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
REVIEWING OUR PREVIOUS OPINION 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.