MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
DOMINGOS ARAÚJO NETO |
|
|
|
|
Registered Office : |
Avenida Francisco Sá,3405 - Monte Castelo 60310-000 - Fortaleza/Ce |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
02.10.1974 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Chemicals. |
|
|
|
|
No. of Employees : |
41 |
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 (31.03.2011) |
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
Company name
DOMINGOS ARAÚJO
NETO
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA FRANCISCO SÁ,3405 - MONTE CASTELO |
|
ZIP CODE/CITY: |
60310-000 - FORTALEZA/CE |
|
|
|
|
PHONE: |
85 3236-3396 / 85 3464-3745 |
|
FAX: |
85 3236-3396 / 7878 |
|
E-MAIL: |
daniela@daneto.com.br /
daneto@daneto.com.br / contabilidade@daneto.com.br |
|
WEB SITE: |
www.daneto.com.br |
|
BRANCHES: |
|
THE COMPANY HAS A BRANCH LOCATED IN FORTALEZA/CE. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
SOLE
PROPRIETORSHIP |
|
|
|
|
INCORPORATION DATE: |
02/10/1974 |
|
REGISTER DATE: |
02/10/1974 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.947.526/0001-22 |
|
STATE REGISTER: |
06.152.942-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 500.000,00 |
|
LAST REGISTER OF CAPITAL: |
04/02/2005 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
MANAGER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
100% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
UNIÃO QUÍMICA DO BRASIL LTDA EPP |
50,00% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 02, 1974 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "DANETO". OWNERSHIP: DOMINGOS ARAÚJO NETO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG
2001002070781 SSP/CE AND CPF 041.036.103-87, RESIDENTIAL ADDRESS AT RUA MAJOR
TIBURCIO CAVALCANTE, 398, APTO. 2200, ALDEOTA, ZIP CODE 60125-100,
FORTALEZA/CE. 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 30/06/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/06/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH |
4.100,84 |
4.248,26 |
3.286,21 |
|
BANKS |
179.545,52 |
43.196,51 |
64.494,78 |
|
INVESTMENTS |
492.633,58 |
492.633,58 |
1.524.711,72 |
|
CLIENTS |
3.131.738,69 |
3.001.129,15 |
678.621,94 |
|
OTHER |
1.751.334,92 |
1.427.102,31 |
1.392.586,61 |
|
INVENTORY |
2.820.947,85 |
3.680.026,00 |
3.329.609,04 |
|
RECOVERABLE TAXES |
244.688,43 |
163.838,21 |
163.838,21 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
8.624.989,83 |
8.812.174,02 |
7.157.148,51 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
296.646,72 |
295.910,84 |
249.126,27 |
|
FIXED ASSETS |
1.944.012,00 |
1.956.212,00 |
2.055.583,80 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.240.658,72 |
2.252.122,84 |
2.304.710,07 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
10.865.648,55 |
11.064.296,86 |
9.461.858,58 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/06/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
1.964.061,00 |
1.362.945,72 |
1.332.141,37 |
|
TAXES & CONTRIBUTIONS |
344.188,97 |
302.500,27 |
261.493,82 |
|
LABOR OBLIGATIONS |
59.324,85 |
23.271,74 |
21.160,78 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
2.367.574,82 |
1.688.717,73 |
1.614.795,97 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
500.000,00 |
500.000,00 |
500.000,00 |
|
PROFIT (LOSS) OF PERIOD |
424.849,26 |
1.528.516,52 |
1.371.385,19 |
|
PROFIT RESERVES |
7.573.224,47 |
7.347.062,61 |
5.975.677,42 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
8.498.073,73 |
9.375.579,13 |
7.847.062,61 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
10.865.648,55 |
11.064.296,86 |
9.461.858,58 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/06/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
30/06/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
10.088.977,59 |
17.907.190,88 |
17.537.979,35 |
|
(-) TAXES ON SALES |
1.687.254,91 |
3.083.847,51 |
3.062.371,82 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
8.401.722,68 |
14.823.343,37 |
14.475.607,53 |
|
(-) COST OF SOLD GOODS |
6.502.308,34 |
10.601.227,23 |
11.527.409,48 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.899.414,34 |
4.222.116,14 |
2.948.198,05 |
|
OPERATING REVENUE (EXPENSE) |
-1.321.406,72 |
-764.850,15 |
-1.743.705,46 |
|
FINANCIAL REVENUE(EXPENSE) |
36.520,88 |
14.567,16 |
-94.929,19 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
614.528,50 |
3.471.833,15 |
1.109.563,40 |
|
NON-OPERATING RESULT |
|
|
776.578,93 |
|
CONTRIBUTION/INCOME TAX |
-189.679,24 |
-1.943.316,63 |
-514.757,14 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
424.849,26 |
1.528.516,52 |
1.371.385,19 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.667.134,27 |
|
|
|
FEBRUARY |
R$ 1.428.633,40 |
|
|
|
MARCH |
R$ 1.845.418,83 |
|
|
|
APRIL |
R$ 1.715.652,40 |
|
|
|
MAY |
R$ 1.868.337,60 |
|
|
|
JUNE |
R$ 1.741.587,03 |
|
|
|
JULY |
R$ 1.671.859,91 |
|
|
|
AUGUST |
R$ 1.896.064,23 |
|
|
|
SEPTEMBER |
R$ 1.703.156,80 |
|
|
|
OCTOBER |
R$ 2.022.969,05 |
|
|
|
NOVEMBER |
R$ 2.278.505,15 |
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 19.839.318,67 |
|
|
|
RATIOS: |
30/06/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
2,45 |
|
3,04 |
|
2,37 |
|
|
CURRENT RATIO |
3,64 |
|
5,22 |
|
4,43 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,68 |
TIMES |
4,94 |
TIMES |
21,33 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
67,09 |
DAYS |
72,89 |
DAYS |
16,88 |
DAYS |
|
INVENTORY TURNOVER |
2,31 |
TIMES |
2,88 |
TIMES |
3,46 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
54,37 |
DAYS |
46,28 |
DAYS |
41,60 |
DAYS |
|
RETURN ON ASSETS |
,77 |
TIMES |
1,34 |
TIMES |
1,53 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,99 |
TIMES |
1,58 |
TIMES |
1,84 |
TIMES |
|
NET WORTH TIE-UP |
,23 |
|
,21 |
|
,26 |
|
|
INDEBTEDNESS |
,28 |
|
,18 |
|
,21 |
|
|
EQUITY RATIO |
78,21 |
% |
84,74 |
% |
82,93 |
% |
|
WORKING CAPITAL RATIO |
264,30 |
% |
421,83 |
% |
343,22 |
% |
|
GENERAL SOLVENCY |
4,59 |
|
6,55 |
|
5,86 |
|
|
RETURN ON NET EQUITY |
5,00 |
% |
16,30 |
% |
17,48 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
5,06 |
% |
10,31 |
% |
9,47 |
% |
|
GROSS PROFIT MARGIN |
22,61 |
% |
28,48 |
% |
20,37 |
% |
|
OPERATIONAL RESULT |
7,31 |
% |
23,42 |
% |
7,67 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,55 |
TIMES |
8,78 |
TIMES |
8,96 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,96 |
- OFFICIAL RATE ON 13/02/2013 |
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 30/06/2012 |
|
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 ANNUAL FIGURES FOR 2011 SHOW A GOOD FINANCIAL STANDING. IT HAD
HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION SALES INCREASED AND POSTED PROFIT. THE INTERIM FIGURES FOR JUNE 2012 STILL SHOW A GOOD FINANCIAL
SITUATION AS THE LIQUIDITY REMAINS HIGH AND THE LEVEL OF INDEBTDNESS LOW. IN
ADDITION, IT SHOWS GROWING SALES TREND AND POSITIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
1.764.018,84
THE PARTNERS OWN REAL ESTATE VALUED
AT R$ 1.065.000,00
|
DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 2.000,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
329.098,70
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 1.550.000,00
INSURANCE
|
INSURANCE COMPANY: |
BRADESCO SEGURADORA / SUL AMERICA SEGUROS |
|
COVERAGE: |
LIFE, VEHICLES, RESIDENTIAL AND CORPORATE |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
1702-7 / 85 3455-3740 |
FORTALEZA/CE |
|
BANCO BRADESCO S/A |
0452-9 / 85 3464-3800 |
FORTALEZA/CE |
|
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
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, CHINA, TURKEY, BELGIUM, FRANCE, GERMANY AND ITALY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BERMAS |
|
85 3334-9000 |
|
CERA PERES |
|
85 3285-1900 |
|
CERVEJARIAS KAISER DO BRASIL S/A |
PACATUBA/CE |
85 3384-8100 |
|
COTECE S/A |
MARACANAÚ/CE |
85 3299-5822 |
|
NEIVADA LAVADERIA |
|
85 3245-2080 |
|
NORSA REFRIGERANTES |
MARACANAÚ/CE |
85 3299-2066 |
|
PONTES INDÚSTRIA DE CERA |
|
85 3228-1166 |
|
TEBASA S/A |
|
85 3463-1909 |
|
VICUNHA NORDESTE S/A |
MARACANAÚ/CE |
85 3499-1444 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 41 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1974. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME 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: |
CITY: |
PHONE: |
|
BANDEIRANTE QUÍMICA LTDA |
MAUÁ/SP |
11 4547-9999 |
|
BASF S/A |
|
12 3128-1579 |
|
BRENNTAG QUÍMICA BRASIL |
SÃO PAULO/SP |
11 5545-2100 |
|
CIA AGRO INDUSTRIAL IGARASSU |
IGARASSU/PE |
81 3543-7100 |
|
CLARIANT S/A |
SUZANO/SP |
11 5683-7233 |
|
DEGUSSA BRASIL LTDA |
|
27 3270-8800 |
|
MANUCHAR COM. EXTERIOR |
|
81 3251-2711 |
|
METALLOYS & CHEMICALS COMERCIAL LTDA |
SÃO BERNARDO DO CAMPO/SP |
11 4353-5000 |
|
PERNAMBUCO QUÍMICA S/A |
JABOATÃO DOS GUARARAPES/PE |
81 2123-1400 |
|
WALLUX COMERCIAL QUÍMICA LTDA |
ITAQUAQUECETUBA/SP |
11 4643-2446 |
|
WENDA CO LTDA |
|
11 5531-3197 |
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 49.424,00 |
|
|
|
AMOUNT OF INVOICES PAID: 7 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 12.000,00 |
|
HIGHEST CREDIT: R$ 12.000,00 |
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.