MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIO DE FERRO AREVALO & JUNIOR LTDA |
|
|
|
|
Registered Office : |
Rua Raquel De Queiroz, 3 Galpão 01 - Jardim Recanto Das Rosas, Zip
Code 06149-340 - Osasco/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
08.11.1982 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of Metallic Residues and Scraps. |
|
|
|
|
No of Employees : |
160 |
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 : |
Slow but Correct |
|
Litigation : |
Exists |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, and a rapidly expanding middle class,
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 in
2011-13. 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.
|
Source : CIA |
Company
name
COMERCIO DE FERRO
AREVALO & JUNIOR LTDA
company
ADDRESSES
|
MAIN ADDRESS: |
RUA RAQUEL DE QUEIROZ,3 GALPÃO 01 - JARDIM RECANTO DAS ROSAS |
|
ZIP CODE/CITY: |
06149-340 - OSASCO/SP |
|
|
|
|
PHONE: |
11 2246-4998 |
|
FAX: |
11 2246-4998 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA EQUADOR,1900 GALPAO - SANTA MARIA |
|
ZIP CODE/CITY: |
35702-087 SETE LAGOAS/MG |
|
|
|
|
ADDRESS: |
RUA RAQUEL DE QUEIROZ,3 - JARDIM RECANTO DAS ROSAS |
|
ZIP CODE/CITY: |
06149-340 OSASCO/SP |
|
CNPJ: |
52.009.693/0004-20 |
LEGAL
DATA
|
MAIN ACTIVITIES: |
|
WHOLESALER OF METALLIC RESIDUES AND SCRAPS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
08/11/1982 |
|
REGISTER DATE: |
08/11/1982 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
52.009.693/0001-87 |
|
STATE REGISTER: |
492.008.070.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 4.200.000,00 |
|
LAST REGISTER OF CAPITAL: |
20/08/2014 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSE ANTONIO COUZO ARÉVALO JUNIOR |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JOSE ANTONIO COUZO ARÉVALO JUNIOR |
R$ 3.990.000,00 |
|
LOURDES MANHOLER COUZO ARÉVALO |
R$ 210.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
COMERCIO DE APARAS NOVA GRANADA LTDA |
|
COMPANY'S
BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 08, 1982 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "COFARJA". CERTIFICATIONS: ISO 9001:2000 - IT -46278 CISQ/RINA ISO 14001:2004 - IT - 67601 CISQ/RINA PARTNERS: JOSE ANTONIO COUZO ARÉVALO JUNIOR: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 041.015.918-22 AND RG 9.624.845-2 SSP/SP RESIDENTIAL ADDRESS
AT ALAMEDA BERLIM 49, ALPHAVILLE RESIDENC, ZIP CODE 06475-010, BARUERI/SP LOURDES MANHOLER COUZO ARÉVALO: BRAZILIAN, WIDOWER, ENTREPRENEUR,
HOLDER OF DOCUMENTS CPF 042.606.968-40 AND RG 4.661.535 SSP/SP RESIDENTIAL
ADDRESS AT RUA ORQUÍDEA, 202, JARDIM DAS FLORES, ZIP CODE 06112-070,
OSASCO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
MUNICIPAL LAWSUITS |
13/07/12 |
1ª VARA DE SP-OSASCO |
FINANCIAL
INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/03/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH |
9.964,79 |
3.946,65 |
44.119,21 |
|
BANKS |
-1.093.491,30 |
-719.682,67 |
-2.423.932,53 |
|
INVESTMENTS |
236.793,61 |
221.263,50 |
100.288,08 |
|
CLIENTS |
3.911.904,23 |
8.993.259,35 |
3.410.193,57 |
|
DISCOUNTED NOTES |
-3.883.232,40 |
-1.111.869,72 |
-3.336.916,52 |
|
INVENTORY |
9.993.506,06 |
8.262.227,67 |
8.294.160,72 |
|
ADVANCES |
81.637,68 |
81.637,68 |
26.703,35 |
|
RECOVERABLE TAXES |
|
655.728,57 |
746.834,74 |
|
PRE PAID EXPENSES |
|
654.183,51 |
928.414,69 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
9.257.082,67 |
17.040.694,54 |
7.789.865,31 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERESTS ON OWN CAPITAL |
4.415.281,28 |
3.761.097,77 |
4.488.719,84 |
|
GRANTED LOANS |
46.209,60 |
|
|
|
OTHER CREDITS |
57.590,02 |
27.768,36 |
|
|
RECOVERABLE TAXES |
599.093,28 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
5.118.174,18 |
3.788.866,13 |
4.488.719,84 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
40.725.550,40 |
40.468.571,04 |
38.844.886,94 |
|
INTANGIBLE |
14.614,27 |
14.614,27 |
10.400,00 |
|
DEPRECIATIONS |
-15.812.389,62 |
-15.759.349,85 |
-11.033.881,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
24.927.775,05 |
24.723.835,46 |
27.821.405,94 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
39.303.031,90 |
45.553.396,13 |
40.099.991,09 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
14.727.328,61 |
20.470.975,68 |
22.688.192,45 |
|
SOCIAL OBLIGATIONS |
633.941,86 |
586.881,08 |
362.617,21 |
|
TAX LIABILITIES |
826.516,75 |
952.844,21 |
534.401,87 |
|
ADVANCE FROM CLIENTS |
2.839.210,00 |
|
|
|
ACCOUNTS PAYABLE |
1.837.341,52 |
3.515.333,05 |
176.687,68 |
|
LOANS AND FINANCING |
|
|
11.823.393,05 |
|
LEASING |
|
|
7.434.535,30 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
20.864.338,74 |
25.526.034,02 |
43.019.827,56 |
|
LONG TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
6.885.413,91 |
9.575.180,46 |
|
|
INSTALLMENTS TAXES PAYABLE |
373.622,96 |
397.274,48 |
545.655,34 |
|
LEASING |
7.406.312,39 |
7.406.312,39 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
14.665.349,26 |
17.378.767,33 |
545.655,34 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.600.000,00 |
1.600.000,00 |
1.600.000,00 |
|
PROFIT RESERVES |
2.831,52 |
2.831,52 |
2.831,52 |
|
ACCRUED PROFIT (LOSS) |
2.170.512,38 |
1.045.763,26 |
-5.068.323,33 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
3.773.343,90 |
2.648.594,78 |
-3.465.491,81 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
39.303.031,90 |
45.553.396,13 |
40.099.991,09 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/03/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
49.358.986,28 |
176.215.539,23 |
168.408.517,59 |
|
(-) TAXES ON SALES |
3.464.545,31 |
12.782.179,31 |
14.198.143,96 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
45.894.440,97 |
163.433.359,92 |
154.210.373,63 |
|
(-) COST OF SOLD GOODS |
32.780.199,32 |
116.575.237,75 |
135.708.655,94 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
13.114.241,65 |
46.858.122,17 |
18.501.717,69 |
|
OPERATING REVENUE (EXPENSE) |
-11.117.456,12 |
-36.303.038,61 |
-22.128.284,53 |
|
FINANCIAL REVENUE(EXPENSE) |
-522.615,37 |
-2.487.988,50 |
-2.992.466,97 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.474.170,16 |
8.067.095,06 |
-6.619.033,81 |
|
NON-OPERATING RESULT |
|
-28.139,33 |
-102.648,36 |
|
CONTRIBUTION/INCOME TAX |
-349.421,04 |
-1.928.576,86 |
-124.637,29 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.124.749,12 |
6.110.378,87 |
-6.846.319,46 |
|
RATIOS: |
31/03/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
-,04 |
|
,34 |
|
-,01 |
|
|
CURRENT RATIO |
,44 |
|
,67 |
|
,18 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
11,73 |
TIMES |
18,17 |
TIMES |
45,22 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
7,67 |
DAYS |
19,81 |
DAYS |
7,96 |
DAYS |
|
INVENTORY TURNOVER |
3,28 |
TIMES |
14,11 |
TIMES |
16,36 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
40,43 |
DAYS |
63,22 |
DAYS |
60,19 |
DAYS |
|
RETURN ON ASSETS |
1,17 |
TIMES |
3,59 |
TIMES |
3,85 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
12,16 |
TIMES |
61,71 |
TIMES |
-44,50 |
TIMES |
|
NET WORTH TIE-UP |
10,79 |
|
15,28 |
|
-11,21 |
|
|
INDEBTEDNESS |
9,42 |
|
16,20 |
|
-12,57 |
|
|
EQUITY RATIO |
9,60 |
% |
5,81 |
% |
-8,64 |
% |
|
WORKING CAPITAL RATIO |
-55,63 |
% |
-33,24 |
% |
-81,89 |
% |
|
GENERAL SOLVENCY |
1,11 |
|
1,06 |
|
,92 |
|
|
RETURN ON NET EQUITY |
29,81 |
% |
230,70 |
% |
197,56 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,45 |
% |
3,74 |
% |
-4,44 |
% |
|
GROSS PROFIT MARGIN |
28,57 |
% |
28,67 |
% |
12,00 |
% |
|
OPERATIONAL RESULT |
3,21 |
% |
4,94 |
% |
-4,29 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,20 |
TIMES |
6,40 |
TIMES |
3,58 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,56 |
- OFFICIAL RATE ON 03/12/2014 |
|
US$ 1,00 = R$ 2,26 |
- OFFICIAL RATE ON 31/03/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING.
IT HAS LOW LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. ON THE OTHER HAND IT SHOWS
HIGH AND GROWING SALES AND POSTED PROFIT. THE INTERIM FIGURES FOR MARCH 2014 SHOW THAT THE INDEBTEDNESS KEEPS
VERY HIGH AND THE LIQUIDITY KEEPS POOR. ON THE OTHER HAND IT OPERATED WITH
GROWING SALES TREND AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 4.708.183,41
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 10.476.796,34
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 23.974.101,37
INSURANCE
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
3390 / 11 4689-4600 |
|
|
BANCO BRADESCO S/A |
2474 / 11 2246-8850 |
|
|
BANCO ITAÚ S/A |
LAPA / 11 4004-1609 |
|
|
BANCO SANTANDER (BRASIL) S/A |
11 3553-2774 |
|
|
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
|
WHOLESALE OF METALLIC RESIDUES AND SCRAPS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
AÇOS VILLARES S.A |
|
11 2827-8439 |
|
AMSTED MAXION S/A |
|
19 2118-2192 |
|
ARCELORMITTAL BRASIL S.A |
|
19 3429-3272 |
|
CONTINENTAL AUTOMOTIVE LTDA |
|
11 4596-8000 |
|
HOGANAS BRASIL LTDA |
|
11 4793-7722 |
|
SCHULZ S.A |
|
47 3451-6475 |
|
SIDERÚRGICA VOTORANTIM S.A |
|
11 2575-6641 |
|
TUPY S.A |
|
47 4009-8418 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 160 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED FAMILY-OWNED COMPANY, OPERATING SINCE
1982. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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 LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
FLANAÇO LIGAS ESPECIAIS LTDA |
|
|
|
INDUSTRIA MEC BRAS EST IMBE LTDA |
|
|
|
IPIRANGA PRODS PETROLEO S.A |
|
11 3376-3700 |
|
ITAESBRA IND MECÂNICA LTDA |
|
|
|
JOTAEME FITAFER IND MET LTDA |
|
|
|
LIEBHER DO BRASIL LTDA |
|
11 2122-9300 |
|
METSO BRASIL IND COM LTDA |
|
15 2102-1300 |
|
RIO NEGRO COM IND AÇO S/A |
|
|
|
TENNECO AUTOMOTIVE BRASIL LTDA |
|
|
|
PAYMENT HISTORY: |
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 40.578,00 |
|
|
|
AMOUNT OF INVOICES PAID: 51 |
|
TOTAL OF PROMPT PAYMENTS: 74,2% |
|
TOTAL OF DELAYED PAYMENTS: 25,8% |
|
|
|
HIGHEST INVOICE: R$ 3.500,00 |
|
HIGHEST CREDIT: R$ 3.500,00 |
|
|
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.61.88 |
|
UK Pound |
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.