MIRA INFORM REPORT

 

 

Report Date :

12.11.2013

 

IDENTIFICATION DETAILS

 

Name :

MARCAMIX COMERCIAL IMPORTADORA DE UTILIDADES DOMÉSTICAS EIRELI

 

 

Registered Office :

Rua João Batista Maudonett,135 - Pq. São Luís 13216-721 - Jundiaí/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

04.08.2009

 

 

Legal Form :

Limited Liability Proprietorship

 

 

Line of Business :

Import and Trade of Household Appliances

 

 

No. of Employees :

6

 

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

 

MARCAMIX COMERCIAL IMPORTADORA DE UTILIDADES DOMÉSTICAS EIRELI

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA JOÃO BATISTA MAUDONETT,135 - PQ. SÃO LUÍS

ZIP CODE/CITY:

13216-721 - JUNDIAÍ/SP

 

 

PHONE:

11 4584-4831

FAX:

11 4584-4831

E-MAIL:

adm@marcamix.com.br

WEB SITE:

www.marcamix.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA ANTÔNIO MODESTO GOMIERO,164 GALPÃO B - BAIRRO LEITÃO

ZIP CODE/CITY:

13290-000 LOUVEIRA/SP

PHONE:

19 3878-4676

CNPJ:

11.247.450/0002-80

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

IMPORT AND TRADE OF HOUSEHOLD APPLIANCES.

 

LEGAL FORM:

LIMITED LIABILITY PROPRIETORSHIP

 

 

INCORPORATION DATE:

04/08/2009

REGISTER DATE:

04/08/2009

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

11.247.450/0001-08

STATE REGISTER:

407.492.551.114

 

 

SHARE CAPITAL:

R$ 65.000,00

LAST REGISTER OF CAPITAL:

17/07/2012

 

BOARD OF DIRECTORS:

 

 

 

ANTÔNIO TADEU LOPES DE CAMARGO

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

ANTÔNIO TADEU LOPES DE CAMARGO

100%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

NOT AVAILABLE

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 6, 1990 AS "MARCAMIX COMERCIAL IMPORTADORA DE UTILIDADES DOMÉSTICAS LTDA" TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JULY 17, 2012 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

THE COMPANY OPERATES WITH THE TRADE NAME "MARCAMIX".

 

MANAGER:

 

ANTÔNIO TADEU LOPES DE CAMARGO, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 7.690.275-4 SSP/SP AND CPF 016.678.048-04, RESIDENTIAL ADDRESS AT AV. GIUSTINIANO BORIN, 3350, CAXAMBU - JUNDIAÍ/SP.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION.

 

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

 

GENERAL BALANCE SHEETS AS OF 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

CASH

1.398.520,98

 

 

BANKS

24.645,74

 

 

INVESTMENTS

49.684,97

 

 

CLIENTS

794.652,49

 

 

ADVANCE TO SUPPLIERS

116.250,37

 

 

INVENTORY

964.587,23

 

 

PRE PAID EXPENSES

16.909,16

 

 

 

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

 

 

TOTAL CURRENT ASSETS

3.365.250,94

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

74.582,99

 

 

INVESTMENTS

26.270,64

 

 

DEPRECIATIONS

-30.757,75

 

 

 

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

 

 

TOTAL FIXED ASSETS

70.095,88

 

 

 

================

 

 

TOTAL ASSETS

3.435.346,82

 

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

 

 

 

 

 

 

LOANS AND FINANCING

394.163,72

 

 

SUPPLIERS

115.352,29

 

 

LABOR OBLIGATIONS

23.209,05

 

 

TRIBUTARY OBLIGATIONS

49.828,07

 

 

OTHER DEBTS

11.319,56

 

 

 

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

 

 

TOTAL CURRENT LIABILITIES

593.872,69

 

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

25.311,96

 

 

 

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

 

 

TOTAL LONG TERM LIABILITIES

25.311,96

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

50.000,00

 

 

ACCRUED PROFIT (LOSS)

1.508.232,90

 

 

PROFIT (LOSS) OF PERIOD

1.257.929,27

 

 

 

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

 

 

TOTAL NET EQUITY

2.816.162,17

 

 

 

================

 

 

TOTAL LIABILITIES

3.435.346,82

 

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

 

 

 

 

 

 

GROSS SALES

2.180.674,32

 

 

(-) TAXES ON SALES

545.088,79

 

 

 

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

 

 

NET SALES

1.635.585,53

 

 

(-) COST OF SOLD GOODS

938.394,77

 

 

 

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

 

 

GROSS PROFIT

697.190,76

 

 

OPERATING REVENUE (EXPENSE)

-322.120,32

 

 

FINANCIAL REVENUE(EXPENSE)

-10.607,19

 

 

 

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

 

 

OPERATIONAL PROFIT (LOSS)

364.463,25

 

 

CONTRIBUTION/INCOME TAX

-44.928,75

 

 

 

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

 

 

NET PROFIT (LOSS)

319.534,50

 

 

 

MONTHLY SALES

 

  2013

  2012

 

 

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

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

 

JANUARY

R$ 756.679,29

 

 

FEBRUARY

R$ 155.832,51

 

 

MARCH

R$ 503.385,63

 

 

APRIL

R$ 408.841,92

 

 

MAY

R$ 313.513,96

 

 

JUNE

R$ 201.042,30

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

R$ 178.599,20

 

NOVEMBER

 

R$ 128.920,56

 

DECEMBER

 

R$ 107.630,44

 

TOTAL

R$ 2.339.295,61

R$ 415.150,20

 

 

RATIOS:

31/12/2011

 

 

 

QUICK RATIO

4,04

 

 

 

 

 

CURRENT RATIO

5,67

 

 

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

2,06

TIMES

 

 

 

 

DAYS' SALES IN RECEIVABLES

174,91

DAYS

 

 

 

 

INVENTORY TURNOVER

,97

TIMES

 

 

 

 

ACCOUNTS PAYABLE PERIOD

44,25

DAYS

 

 

 

 

RETURN ON ASSETS

,48

TIMES

 

 

 

 

SALES TURNOVER ON NET EQUITY

,58

TIMES

 

 

 

 

NET WORTH TIE-UP

,03

 

 

 

 

 

INDEBTEDNESS

,22

 

 

 

 

 

EQUITY RATIO

81,98

%

 

 

 

 

WORKING CAPITAL RATIO

466,66

%

 

 

 

 

GENERAL SOLVENCY

5,55

 

 

 

 

 

RETURN ON NET EQUITY

11,35

%

 

 

 

 

RETURN ON SALES (PROFIT MARGIN)

19,54

%

 

 

 

 

GROSS PROFIT MARGIN

42,63

%

 

 

 

 

OPERATIONAL RESULT

22,28

%

 

 

 

 

SALES TURNOVER ON LIABILITIES

2,75

TIMES

 

 

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,27

 - OFFICIAL RATE ON 06/11/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED PROFITABILITY.

 

REMARKS:

--------

 

A REQUEST FOR FURTHER FINANCIAL DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SEND TO YOUR ATTENTION.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO ITAÚ S/A

0026  /  11 4522-4530

 

BANCO SANTANDER S/A

4534  /  11 4583-2144

 

 

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"). DATE RESEARCHED: NOVEMBER 06, 2013.

 

 

ACTIVITIES COMMENTS

 

IMPORT AND TRADE OF HOUSEHOLD APPLIANCES.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHINA AND INDIA.

 

TOTAL, US$ 874.264,86 (ANNUALLY).

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

ARETEEDITORIAL S/A

 

 

ARMARINHOS ESTER LTDA

 

 

ARTEUTIL COMERCIO DE UTILIDADES DO LAR

 

 

ATACADÃO MONTEBELLO PRESENTES E UTIL LTDA

 

 

CHAME RIO ATACADISTA DE PRES BRINQ LTDA

 

 

CORDEIRO DE ALMEIDA EQUIP. HOTELAIROS

 

 

D MENDES ATACADO E VAREJO ART PAP LTDA

 

 

HOUSEWARE BRASIL LTDA-EPP

 

 

ROGERIO ANTONIO DE BRITO ME

 

 

SHOP CARE IMPORTAÇÕES E EXPORTAÇÕES LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 6 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 2009. 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:

 

 

FABIO ANTONIO LOBO ME

 

 

HOUSEWARE BRASIL LTDA-EPP

 

 

JOATE COM. REPRFES. DE PROD ALIMENTICIOS

 

 

 

PAYMENT HISTORY:

 

NO PAYMENT RECORD IS REGISTERED.

 

 

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.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.30

UK Pound

1

Rs.101.36

Euro

1

Rs.84.60

 

 

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%)

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.