MIRA
INFORM REPORT
|
Report Date : |
08.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
DGI IMPORTAÇÃO E EXPORTAÇÃO LTDA. |
|
|
|
|
Registered Office : |
Rua Maestro Gabriel Migliori, 577 Salas 22 E 32, Armazém 02 Jardim Pereira Leite, Zip Code 02712-140 -
São Paulo/Sp |
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|
|
Country : |
Brazil |
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|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
03.06.1987 |
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|
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Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Trader of parts and accessories for motorcycles |
|
|
|
|
No. of Employees : |
33 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 |
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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
DGI IMPORTAÇÃO E
EXPORTAÇÃO LTDA.
company ADDRESSES
|
MAIN ADDRESS: |
RUA MAESTRO GABRIEL MIGLIORI, 577 SALAS 22 E 32, ARMAZÉM 02 JARDIM PEREIRA LEITE |
|
ZIP CODE/CITY: |
02712-140 - SÃO PAULO/SP |
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|
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PHONE: |
11 3933-2604 |
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FAX: |
11 3933-2604 |
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E-MAIL: |
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BRANCHES: |
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|
|
|
|
ADDRESS: |
RUA REINALDO SCHMITHAUSEN, 3081 SALA 03, + 600 M² DE ARMAZÉM -
CORDEIROS |
|
ZIP CODE/CITY: |
88310-003 ITAJAÍ/SC |
|
CNPJ: |
57.460.644/0002-60 |
|
|
|
|
ADDRESS: |
RODOVIA JOSE TAVERNA, 635/685, SALA, 2, 1.000M² DE ARMAZÉM - ÁREA
INDUSTRIAL CACAIGUERA |
|
ZIP CODE/CITY: |
83430-000 CAMPINA GRANDE DO SUL/PR |
|
CNPJ: |
57.460.644/0003-41 |
|
|
|
|
ADDRESS: |
TRAVESSA WE 33, Nº. 111 CONJUNTO CIDADE NOVA IV BAIRRO COQUEIRO |
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ZIP CODE/CITY: |
67133-160 ANANINDEUÁ/PA |
|
CNPJ: |
57.460.644/0004-22 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
TRADE OF PARTS AND ACCESSORIES FOR MOTORCYCLES. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
03/06/1987 |
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REGISTER DATE: |
03/06/1987 |
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BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
57.460.644/0001-80 |
|
STATE REGISTER: |
111.832.546.116 |
|
|
|
|
SHARE CAPITAL: |
R$ 635.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
AGUINALDO VICTOR FÁVARO |
MANAGING PARTNER |
|
MARCOS CESAR FÁVARO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
AGUINALDO VICTOR FÁVARO |
50% |
|
MARCOS CESAR FÁVARO |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
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NÚCLEO COM INTERNACIONAL LTDA |
|
|
TDA LOGÍSTICA E TRANSPROTES LTDA |
|
|
H P COM INTERNACIONAL LTDA |
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H S F INCORPORAÇÃO E CONSTRUÇÃO LTDA |
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|
POLO COM INTERNACIONAL LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JUNE 03, 1987 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: AGUINALDO VICTOR FÁVARO: BRAZILIAN, MARRIED, ACCOUNTANT, HOLDER OF
DOCUMENTS CPF 041.689.858-06 AND RG 14.011.193 SSP/SP, RESIDENTIAL ADDRESS AT
RUA PONTINS, 225, APTO 11, ZIP CODE 02404-010, SANTANA, SÃO PAULO/SP; MARCOS CESAR FÁVARO: BRAZILIAN, MARRIED, ENGINEER, HOLDER OF DOCUMENTS
CPF 075.660.538-50 AND RG 16.943.014 SSP/SP, RESIDENTIAL ADDRESS AT RUA
EUDORO LEMOS DE OLIVEIRA, 169, APTO 101, ZIP CODE 02022-030, SANTANA, SÃO
PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND BANKS |
62.464,80 |
240.625,14 |
274.221,55 |
|
ADVANCES |
5.391.119,56 |
4.541.659,41 |
10.843,32 |
|
INVENTORY |
935.693,85 |
1.052.141,26 |
439.816,74 |
|
CLIENTS |
1.145.661,83 |
1.649.888,11 |
2.402.889,25 |
|
RECOVERABLE TAXES |
2.239.501,72 |
4.034.402,00 |
2.186.005,49 |
|
INVESTMENTS |
10.000,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
9.784.441,76 |
11.518.715,92 |
5.313.776,35 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
2.257.525,17 |
755.409,25 |
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|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
2.257.525,17 |
755.409,25 |
|
|
FIXED ASSETS: |
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|
|
|
|
|
FIXED ASSETS |
448.809,24 |
1.001.895,81 |
942.662,05 |
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|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
448.809,24 |
1.001.895,81 |
942.662,05 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
12.490.776,17 |
13.276.020,98 |
6.256.438,40 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
LABOR OBLIGATIONS |
56.594,36 |
35.998,93 |
26.487,65 |
|
TRIBUTARY OBLIGATIONS |
101.622,45 |
197.063,37 |
110.683,48 |
|
SUPPLIERS |
1.579.778,50 |
1.187.242,12 |
1.077.448,40 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.737.995,31 |
1.420.304,42 |
1.214.619,53 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
RELATED COMPANIES |
2.255.111,45 |
4.006.206,49 |
2.573.063,45 |
|
LOANS AND FINANCING |
|
340.000,00 |
340.000,00 |
|
DEBT WITH PARTNERS |
|
516.231,42 |
169.231,42 |
|
ADVANCES |
|
|
117.755,63 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2.255.111,45 |
4.862.437,91 |
3.200.050,50 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
635.000,00 |
635.000,00 |
635.000,00 |
|
PROFIT RESERVES |
7.862.669,41 |
6.358.278,65 |
1.206.768,37 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
8.497.669,41 |
6.993.278,65 |
1.841.768,37 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
12.490.776,17 |
13.276.020,98 |
6.256.438,40 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
14.942.876,22 |
15.559.439,23 |
8.464.881,27 |
|
(-) TAXES ON SALES |
97.621,30 |
16.412,53 |
15.662,69 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
14.845.254,92 |
15.543.026,70 |
8.449.218,58 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
14.845.254,92 |
15.543.026,70 |
8.449.218,58 |
|
OPERATING REVENUE (EXPENSE) |
-12.903.713,07 |
-5.691.510,28 |
-6.963.472,18 |
|
FINANCIAL REVENUE(EXPENSE) |
1.525,62 |
-30.081,38 |
-21.874,86 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.943.067,47 |
9.821.435,04 |
1.463.871,54 |
|
CONTRIBUTION/INCOME TAX |
-438.676,71 |
-457.070,15 |
|
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.504.390,76 |
9.364.364,89 |
1.463.871,54 |
|
MONTHLY SALES |
|||
|
|
2013 |
|
|
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|
--------------------- |
|
|
|
JANUARY |
R$ 840.726,31 |
|
|
|
FEBRUARY |
R$ 282.257,34 |
|
|
|
MARCH |
R$ 452.901,36 |
|
|
|
APRIL |
R$ 594.208,19 |
|
|
|
MAY |
R$ 588.804,54 |
|
|
|
JUNE |
R$ 651.051,24 |
|
|
|
JULY |
R$ 506.272,08 |
|
|
|
AUGUST |
|
|
|
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SEPTEMBER |
|
|
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OCTOBER |
|
|
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NOVEMBER |
|
|
|
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DECEMBER |
|
|
|
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TOTAL |
R$ 3.916.221,06 |
|
|
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
5,09 |
|
7,37 |
|
4,01 |
|
|
CURRENT RATIO |
5,63 |
|
8,11 |
|
4,37 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
12,96 |
TIMES |
9,42 |
TIMES |
3,52 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
27,78 |
DAYS |
38,21 |
DAYS |
102,38 |
DAYS |
|
INVENTORY TURNOVER |
|
|
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
|
|
|
|
|
|
|
RETURN ON ASSETS |
1,19 |
TIMES |
1,17 |
TIMES |
1,35 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,75 |
TIMES |
2,22 |
TIMES |
4,59 |
TIMES |
|
NET WORTH TIE-UP |
,05 |
|
,14 |
|
,51 |
|
|
INDEBTEDNESS |
,47 |
|
,90 |
|
2,40 |
|
|
EQUITY RATIO |
68,03 |
% |
52,68 |
% |
29,44 |
% |
|
WORKING CAPITAL RATIO |
462,97 |
% |
711,00 |
% |
337,48 |
% |
|
GENERAL SOLVENCY |
3,13 |
|
2,11 |
|
1,42 |
|
|
RETURN ON NET EQUITY |
17,70 |
% |
133,91 |
% |
79,48 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
10,13 |
% |
60,25 |
% |
17,33 |
% |
|
GROSS PROFIT MARGIN |
100,00 |
% |
100,00 |
% |
100,00 |
% |
|
OPERATIONAL RESULT |
13,09 |
% |
63,19 |
% |
17,33 |
% |
|
SALES TURNOVER ON LIABILITIES |
8,54 |
TIMES |
10,94 |
TIMES |
6,96 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,20 |
- OFFICIAL RATE ON 03/10/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
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 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 DROP IN SALES BUT PROFIT WAS MADE. THE COMPANY DID NOT SEND ANY CLARIFICATION ABOUT THE INCREASE IN THE
SALES VOLUME SHOWED IN 2010. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
C/C 3636-6 |
|
|
BANCO ITAÚ S/A |
C/C 91439-7 |
|
|
BANCO CITIBANK S/A |
|
|
|
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
|
TRADE OF PARTS AND ACCESSORIES FOR MOTORCYCLES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 33 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1987. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOUR. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE |
|
|
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 194,00 |
|
|
|
AMOUNT OF INVOICES PAID: 1 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 194,00 |
|
HIGHEST CREDIT: R$ 194,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A NORMAL FINANCIAL STANDING AND A CLEAR TRADE
HISTORY. THE COMPANY CAN BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS BUT DUE
TO ITS LOW FINANCIAL STRENGTH CREDIT FACILITIES ARE RECOMMENDED ON SMALL
AMOUNTS ONLY. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
UK Pound |
1 |
Rs.99.06 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.