MIRA
INFORM REPORT
|
Report Date : |
01.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RENOVARE MOSSORO COMERCIAL AGRICOLA LTDA. |
|
|
|
|
Registered Office : |
Rua Amelia Marinho,1907 - Nova Betania 59612-035 - Mossoró/Rn |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
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Date of Incorporation : |
10.09.1999 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale Trading of Pesticides, Manure and Fertilizers. |
|
|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Exist |
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 |
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Moderate |
B1 |
|
High |
B2 |
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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
RENOVARE MOSSORO
COMERCIAL AGRICOLA LTDA.
ADDRESSES
|
MAIN ADDRESS: |
RUA AMÉLIA MARINHO,1907 - NOVA BETÂNIA |
|
ZIP CODE/CITY: |
59612-035 - MOSSORÓ/RN |
|
|
|
|
PHONE: |
84 3318-7571 |
|
E-MAIL: |
renovare_mossoro@uol.com.br |
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BRANCHES: |
|
DOES NOT HAVE |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE TRADING OF PESTICIDES, MANURE AND FERTILIZERS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
10/09/1999 |
|
REGISTER DATE: |
10/09/1999 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
03.395.477/0001-01 |
|
STATE REGISTER: |
20.083.4058-3 |
|
|
|
|
SHARE CAPITAL: |
R$ 150.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
EMIDIO LEITE DE VASCONCELOS |
MANAGING PARTNER |
|
CLEDSON LUIS FERNANDES NUNES |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CLEDSON LUIS FERNANDES NUNES |
50% |
|
EMIDIO LEITE DE VASCONCELOS |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
RENOVARE UPANEMA AGROPECUARIA
LTDA |
|
|
RENOVARE PETROLINA COMERCIAL
AGRICOLA LTDA - ME |
|
|
SLC LOCACOES & SERVICOS DE CONSULTORIA
RURAL LTDA - ME |
|
|
ACASA - ASSOCIACAO DO COMERCIO
AGROPECUARIO DO SEMI-ARIDO |
|
|
RENOVARE CARUARU AGRICOLA LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 10, 1999 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. PARTNERS: EMIDIO LEITE DE VASCONCELOS: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER
OF DOCUMENTS CPF 415.361.934-53, RG 2.048.284 SSP/PE, RESIDENTIAL ADDRESS RUA
RODRIGUES FERREIRA, 45, BLOCO G, APTO 1202, VÁRZEA, ZIP CODE 50810-020, RECIFE/PE; CLEDSON LUIS FERNANDES NUNES: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER
OF DOCUMENTS CPF 638.731.924-20, RG 856.377 SSP/RN, RESIDENTIAL ADDRESS
AVENIDA RIO BRANCO, 2157, CENTRO, ZIP CODE 59619-400, MOSSORÓ/RN. THE STREET NAME HAS CHANGED FROM (RUA PROJETADA, 382 BR 304, KM 32
NOVA B) TO THE ABOVE-MENTIONED ONE. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. CLEDSON, PARTNER, 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: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
EXECUTIVE LAWSUIT |
03/08/12 |
33º VARA DE CENTRAL/SP/SP |
FINANCIAL INFORMATIOn
|
GENERAL BALANCE SHEETS AS OF 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
CASH |
24.345,85 |
12.220,93 |
|
|
BANKS |
764.947,12 |
97.324,90 |
|
|
CLIENTS |
4.024.915,23 |
3.973.078,40 |
|
|
RECOVERABLE TAXES |
243.600,77 |
212.046,29 |
|
|
INVENTORY |
1.068.629,38 |
1.361.756,67 |
|
|
OTHER CREDITS |
200,00 |
136.250,00 |
|
|
INVESTMENTS |
4.000,00 |
|
|
|
PRE PAID EXPENSES |
139.371,94 |
2.831,62 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
6.270.010,29 |
5.795.508,81 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
916.713,20 |
831.998,97 |
|
|
FIXED ASSETS |
457.469,51 |
259.275,49 |
|
|
|
---------------- |
---------------- |
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|
TOTAL FIXED ASSETS |
1.374.182,71 |
1.091.274,46 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
7.644.193,00 |
6.886.783,27 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
SUPPLIERS |
1.623.299,44 |
1.661.302,49 |
|
|
TRIBUTARY OBLIGATIONS |
27,90 |
77.230,00 |
|
|
LABOR OBLIGATIONS |
11.718,35 |
12.294,74 |
|
|
SOCIAL OBLIGATIONS |
5.985,36 |
5.772,80 |
|
|
ACCOUNTS PAYABLE |
|
4.611,62 |
|
|
LOANS AND FINANCING |
331.907,77 |
310.425,66 |
|
|
LABOR PROVISIONS |
4.528,07 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1.977.466,89 |
2.071.637,31 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
89.473,66 |
895.161,92 |
|
|
TAXES AND CONTRIBUTIONS |
774.109,84 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
863.583,50 |
895.161,92 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
30.000,00 |
30.000,00 |
|
|
ACCRUED PROFIT (LOSS) |
4.773.142,61 |
3.889.984,04 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
4.803.142,61 |
3.919.984,04 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
7.644.193,00 |
6.886.783,27 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
|
GROSS SALES |
9.473.702,50 |
7.530.527,48 |
|
|
(-) TAXES ON SALES |
416.816,60 |
271.986,05 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
9.056.885,90 |
7.258.541,43 |
|
|
(-) COST OF SOLD GOODS |
7.047.929,77 |
5.468.480,55 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
2.008.956,13 |
1.790.060,88 |
|
|
OPERATING REVENUE (EXPENSE) |
-2.077.164,61 |
-1.500.833,58 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-30.554,28 |
-114.522,63 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
-98.762,76 |
174.704,67 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
-98.762,76 |
174.704,67 |
|
|
MONTHLY SALES |
|||
|
|
2010 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 682.796,67 |
|
|
|
FEBRUARY |
R$ 1.077.305,30 |
|
|
|
MARCH |
R$ 576.932,48 |
|
|
|
APRIL |
R$ 454.674,13 |
|
|
|
MAY |
R$ 611.044,53 |
|
|
|
JUNE |
R$ 1.301.433,25 |
|
|
|
JULY |
R$ 739.480,04 |
|
|
|
AUGUST |
R$ 1.178.759,03 |
|
|
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SEPTEMBER |
|
|
|
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OCTOBER |
|
|
|
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NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
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TOTAL |
R$ 6.622.425,43 |
|
|
|
RATIOS: |
31/12/2009 |
31/12/2008 |
|
|
QUICK RATIO |
2,63 |
|
2,14 |
|
|
|
|
CURRENT RATIO |
3,17 |
|
2,80 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,25 |
TIMES |
1,83 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
159,99 |
DAYS |
197,05 |
DAYS |
|
|
|
INVENTORY TURNOVER |
6,60 |
TIMES |
4,02 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
82,92 |
DAYS |
109,37 |
DAYS |
|
|
|
RETURN ON ASSETS |
1,18 |
TIMES |
1,05 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
1,89 |
TIMES |
1,85 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,10 |
|
,07 |
|
|
|
|
INDEBTEDNESS |
,59 |
|
,76 |
|
|
|
|
EQUITY RATIO |
62,83 |
% |
56,92 |
% |
|
|
|
WORKING CAPITAL RATIO |
217,07 |
% |
179,76 |
% |
|
|
|
GENERAL SOLVENCY |
2,69 |
|
2,32 |
|
|
|
|
RETURN ON NET EQUITY |
-2,06 |
% |
4,46 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-1,09 |
% |
2,41 |
% |
|
|
|
GROSS PROFIT MARGIN |
22,18 |
% |
24,66 |
% |
|
|
|
OPERATIONAL RESULT |
-1,09 |
% |
2,41 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
4,58 |
TIMES |
3,50 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,09 |
- OFFICIAL RATE ON 29/11/2012 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH GOOD WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GOOD SALES RECOVERY BUT ITS HIGH COSTS
AND EXPENSES DROVE THE COMPANY TO MAKE NEGATIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
2.000.000,00
THE PARTNERS OWN REAL ESTATE
VALUED AT R$ 2.000.000,00
|
DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 350,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
150.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 50.000,00
INSURANCE
|
INSURANCE COMPANY: |
BRADESCO SEGUROS |
|
COVERAGE: |
FIRE / THEFT / ELECTRIC DAMAGES |
|
|
|
|
INSURANCE COMPANY: |
ITAÚ XL SEGUROS CORPORATIVOS S/A |
|
COVERAGE: |
ROBBERY |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
0036-1 / 84 3316-3100 |
MISSORÓ/RN |
|
BANCO ITAÚ S/A |
1468 / 84 3316-1099 |
MISSORÓ/RN |
|
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 WHOLESALE TRADING OF PESTICIDES, MANURE AND
FERTILIZERS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
SOUTH AFRICA AND ISRAEL. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BOLLO BRASIL PROD. COM. DE FRUTAS LTDA |
|
81 3317-5604 |
|
C. Y. MATSUMOTO |
|
84 321-7149 |
|
CASA DO PLANTIO COM E REP. LTDA |
|
81 3728-1463 |
|
CLAUDIO TAKESHI |
|
84 317-4397 |
|
CRIS FRUTAS LTDA |
|
84 321-7567 |
|
FINOBRASA AGROINDUSTRIAL S/A |
|
84 3335-2216 |
|
JIEM AGRICOLA |
|
84 314-2088 |
|
JMZ - IRRIG E PROD. |
|
84 234-6768 |
|
MATA FRESCA LTDA |
|
84 3318-7688 |
|
TECNAGRO AGRICOLA |
|
84 316-3696 |
|
W.G. PRODUÇÃO E DISTRIBUIÇÃO DE FRUTAS LTDA |
|
84 3316-4145 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 12 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 1999. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NO PAYMENT PROBLEMS ARE 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE
DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET
PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE
COMPANY’S TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
ARYSTA LIFESCIENCE DO BRASIL LTDA |
SÃO PAULO/SP |
11 3054-5000 |
|
DOW AGROSCIENCES INDUSTRIAL LTDA |
SÃO PAULO/SP |
11 5188-9000 |
|
PROFERTIL S/A |
SANTA LUZIA DO NORTE/AL |
82 3218-7146 |
|
SEMINIS DO BRASIL PROD. COM. SEMENTES LTDA |
CAMPINAS/SP |
19 3278-3994 |
|
SYNGENTA PROTEÇÃO DE CULTIVOS LTDA |
SÃO PAULO/SP |
19 3874-5943 |
|
TECHNES AGRÍCOLA LTDA |
CABREÚVA/SP |
11 4529-7310 |
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.511,00 |
|
|
|
AMOUNT OF INVOICES PAID: 17 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 300,00 |
|
HIGHEST CREDIT: R$ 300,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A FAIR FINANCIAL STANDING AND CLEAR TRADE HISTORY. 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.54.53 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
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.