|
Report Date : |
23.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
JF - MÁQUINAS AGRÍCOLAS LTDA |
|
|
|
|
Registered Office : |
Rua Santa Therezinha,921 Caixa Postal 114 – Prados 13973-005 -
Itapira/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.06.1981 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Agriculture Machines and Equipments |
|
|
|
|
No. of Employees : |
403 |
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 |
JF - MÁQUINAS
AGRÍCOLAS LTDA
|
MAIN ADDRESS: |
RUA SANTA THEREZINHA,921 CAIXA POSTAL 114 - PRADOS |
|
ZIP CODE/CITY: |
13973-005 - ITAPIRA/SP |
|
|
|
|
PHONE: |
19 3863-9600 |
|
FAX: |
19 3863-9600 |
|
E-MAIL: |
regomes@jfmaquinas.com.br |
|
WEB SITE: |
www.jfmaquinas.com.br |
NOT AVAILABLE.
MAIN ACTIVITIES
MANUFACTURE OF AGRICULTURE MACHINES AND EQUIPMENTS.
|
LEGAL FORM |
LIMITED
LIABILITY COMPANY |
|
INCORPORATION DATE: |
12/06/1981 |
|
REGISTER DATE: |
12/06/1981 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
46.127.635/0001-55 |
|
STATE REGISTER: |
374.016.074.114 |
|
|
|
|
SHARE CAPITAL: |
R$ 2.580.000,00 |
|
LAST REGISTER OF CAPITAL: |
20/12/2004 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARIA ANGELA NOGUEIRA BRAIT SILVA |
MANAGING PARTNER |
|
WALTER XICRALA BRAIT SILVA |
MANAGING PARTNER |
|
MARIA CAROLINA BUCCI NOGUEIRA |
MANAGING PARTNER |
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
MARIA ANGELA NOGUEIRA BRAIT SILVA |
R$ 2.579.800,00 |
|
MARIA CAROLINA BUCCI NOGUEIRA |
R$ 100,00 |
|
WALTER XICRALA BRAIT SILVA |
R$ 100,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE |
|
|
THE SUBJECT WAS ESTABLISHED ON JUNE 12, 1981 AS J.F. NOGUEIRA MAQUINAS
AGRICOLAS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ALTERED
TO J F MAQUINAS AGRICOLAS LTDA, ON LATER IT ADOPTED THE ABOVE MENTIONED NAME
AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. PARTNERS: MARIA ANGELA NOGUEIRA BRAIT SILVA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
084.383.768-35, RESIDENTIAL ADDRESS AT RUA FELICIO COLFERAI 105, ITAPIRA/SP. MARIA CAROLINA BUCCI NOGUEIRA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
172.030.078-04, RG 13586485 - SP, RESIDENTIAL ADDRESS AT RUA 15 DE NOVEMBRO
170, ITAPIRA/SP. WALTER XICRALA BRAIT SILVA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
285.751.438-75, RG 325355769 - SP, RESIDENTIAL ADDRESS AT RUA FELICIO
COLFERAI 105, ITAPIRA/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE
SHEETS AS OF 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
CASH AND BANKS |
22.392 |
26.861 |
|
CLIENTS |
22.112 |
17.332 |
|
INVENTORY |
16.473 |
11.203 |
|
RECOVERABLE TAXES |
6.952 |
4.199 |
|
OTHER CREDITS |
680 |
210 |
|
PRE PAID EXPENSES |
113 |
56 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
68.722 |
59.861 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
OTHER CREDITS |
882 |
737 |
|
|
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
882 |
737 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
INVESTMENTS |
332 |
174 |
|
FIXED ASSETS |
24.746 |
19.042 |
|
INTANGIBLE |
428 |
341 |
|
|
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
25.506 |
19.557 |
|
|
================ |
================ |
|
TOTAL ASSETS |
95.110 |
80.155 |
|
LIABILITIES: |
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
SUPPLIERS |
2.436 |
2.366 |
|
LOANS AND FINANCING |
8.734 |
7.443 |
|
LABOR OBLIGATIONS |
543 |
539 |
|
TRIBUTARY OBLIGATIONS |
7.218 |
5.106 |
|
ACCOUNTS PAYABLE |
1.803 |
938 |
|
PROVISIONS |
15.214 |
4.595 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
35.948 |
20.987 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
LOANS AND FINANCING |
2.191 |
9.320 |
|
FISCAL RECOVERY PROGRAM - REFIS |
3.287 |
4.390 |
|
DEFERRED TAXES |
1.383 |
2.010 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
6.861 |
15.720 |
|
NET EQUITY: |
|
|
|
|
|
|
|
SHARE CAPITAL |
2.580 |
2.580 |
|
CAPITAL RESERVES |
|
1 |
|
REVALUATION RESERVES |
3.705 |
3.896 |
|
PROFIT RESERVES |
516 |
788 |
|
ACCRUED PROFIT (LOSS) |
45.500 |
36.183 |
|
|
---------------- |
---------------- |
|
TOTAL NET EQUITY |
52.301 |
43.448 |
|
|
================ |
================ |
|
TOTAL LIABILITIES |
95.110 |
80.155 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
|
|
|
|
|
GROSS SALES |
104.605 |
86.420 |
|
(-) TAXES ON SALES |
14.166 |
11.531 |
|
|
---------------- |
---------------- |
|
NET SALES |
90.439 |
74.889 |
|
(-) COST OF SOLD GOODS |
43.775 |
40.542 |
|
|
---------------- |
---------------- |
|
GROSS PROFIT |
46.664 |
34.347 |
|
OPERATING REVENUE (EXPENSE) |
-14.507 |
-16.245 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.593 |
92 |
|
|
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
30.564 |
18.194 |
|
CONTRIBUTION/INCOME TAX |
-8.058 |
-6.050 |
|
PROFIT SHARING |
-573 |
-612 |
|
|
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
21.933 |
11.532 |
|
MONTHLY SALES |
|||
|
|
2013 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 11.150.000,00 |
|
|
|
FEBRUARY |
R$ 10.849.000,00 |
|
|
|
MARCH |
R$ 10.420.000,00 |
|
|
|
APRIL |
R$ 11.589.000,00 |
|
|
|
MAY |
R$ 12.761.000,00 |
|
|
|
JUNE |
R$ 11.232.000,00 |
|
|
|
JULY |
R$ 9.581.000,00 |
|
|
|
AUGUST |
R$ 9.703.000,00 |
|
|
|
SEPTEMBER |
R$ 7.441.000,00 |
|
|
|
OCTOBER |
R$ 11.079.000,00 |
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
105.805.000,00 |
|
|
|
RATIOS: |
31/12/2012 |
31/12/2011 |
|
|
QUICK RATIO |
1,45 |
|
2,32 |
|
|
|
|
CURRENT RATIO |
1,91 |
|
2,85 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,09 |
TIMES |
4,32 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
88,02 |
DAYS |
83,32 |
DAYS |
|
|
|
INVENTORY TURNOVER |
2,66 |
TIMES |
3,62 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
20,03 |
DAYS |
21,01 |
DAYS |
|
|
|
RETURN ON ASSETS |
,95 |
TIMES |
,93 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
1,73 |
TIMES |
1,72 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,47 |
|
,44 |
|
|
|
|
INDEBTEDNESS |
,82 |
|
,84 |
|
|
|
|
EQUITY RATIO |
54,99 |
% |
54,21 |
% |
|
|
|
WORKING CAPITAL RATIO |
91,17 |
% |
185,23 |
% |
|
|
|
GENERAL SOLVENCY |
2,22 |
|
2,18 |
|
|
|
|
RETURN ON NET EQUITY |
41,94 |
% |
26,54 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
24,25 |
% |
15,40 |
% |
|
|
|
GROSS PROFIT MARGIN |
51,60 |
% |
45,86 |
% |
|
|
|
OPERATIONAL RESULT |
33,80 |
% |
24,29 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
2,52 |
TIMES |
3,57 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,28 |
- OFFICIAL RATE ON 18/11/2013 |
|
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 GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND SATISFACTORY LEVEL
OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 8.551.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 476.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 5.957.000,00
|
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"). DATE RESEARCHED
NOVEMBER 18, 2013. |
|
MANUFACTURE OF AGRICULTURE MACHINES AND EQUIPMENTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
D CARVALHO COM DE MAQUINAS AGRICOLAS LTDA |
ARAÇATUBA/SP |
18 621-4000 |
|
DICAP MAQUINAS AGRICOLAS LTDA |
|
|
|
DITRASA S/A |
PATOS DE MINAS/MG |
34 3818-7000 |
|
HOLL MAQUINAS AGRICOLAS LTDA |
GOIÂNIA/GO |
62 3295-3434 |
|
TRIAMA TRATORES IMPLEMENTOS AGRIC. E MAQS. LTDA |
BOM DESPACHO/MG |
37 3522-1656 |
|
VEIMAQSOM COM DE MAQUINAS E IMPL AGRICOLAS LTDA ME |
|
|
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
TERRAMAK S/A DE C.V. |
MEXICO |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 403 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1981. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. IT IS A
FAMILY-RUN COMPANY AND BOTH THE COMPANY AND THE PRINCIPALS ENJOY A FAVORABLE
REPUTATION AMONG LOCAL TRADE SOURCES. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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: |
|
|
|
AÇOS VILLARES S/A |
|
|
|
GERDAU S/A |
CAMPINAS/SP |
19 3247-3444 |
|
IND. NACIONAL DE AÇOS LAMINADOS INAL S/A |
|
|
|
INDÚSTRIAS REUNIDAS COLOMBO LTDA |
PINDORAMA/SP |
17 3524-9244 |
|
NSK DO BRASIL LTDA |
|
|
|
PAULIFER S/A |
ITAPECERICA DA SERRA/SP |
11 4668-8920 |
|
SHERWIN WILLIAMS DO BRASIL IND E COM LTDA |
|
|
|
WEG INDUSTRIAS S/A - MOTORES |
JARAGUÁ DO SUL/SC |
16 636-6866 |
|
ZAMPOROGNA S/A IMPORTAÇÃO COMÉRCIO E INDÚSTRIA |
GUARULHOS/SP |
11 2133-1020 |
|
PAYMENT HISTORY: |
|
14 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.027.585,00 |
|
|
|
AMOUNT OF INVOICES PAID: 230 |
|
TOTAL OF PROMPT PAYMENTS: 99,2% |
|
TOTAL OF DELAYED PAYMENTS: 0,8% |
|
|
|
HIGHEST INVOICE: R$ 32.225,00 |
|
HIGHEST CREDIT: R$ 32.225,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 8.016,87 |
|
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.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.