MIRA
INFORM REPORT
|
Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
FUGA COUROS SA |
|
|
|
|
Formerly Known as: |
CURTUME MAURAUENSE S/A. |
|
|
|
|
Registered Office : |
Rua Jose Fuga,1155 Caixa Postal 54 - Constante Fuga , Zip Code 99150-000 - Marau/Rs |
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Country : |
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|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
17.09.1947 |
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|
|
Legal Form : |
Privately Held Corporation |
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Line of Business : |
· Subject is engaged in the tannery and improvement of leather. Subject offers a large variety of Cow
Leather including Garment, Upholstery (Finished and Crust), Suedes, Natural Splits, Wetblue &
Leather For Ballet Shoes |
|
|
|
|
No. of Employees : |
408 |
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 |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
FUGA COUROS S/A
company ADDRESSES
|
MAIN ADDRESS: |
RUA JOSE FUGA,1155 CAIXA POSTAL 54 - CONSTANTE FUGA |
|
ZIP CODE/CITY: |
99150-000 - MARAU/RS |
|
|
|
|
PHONE: |
54 3342-3277 |
|
FAX: |
54 3342-3394 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA BR 153, KM 1.323,5 - FAZENDA SÃO GERMANO - ZONA RURAL |
|
ZIP CODE/CITY: |
75310-000 HIDROLÂNDIA/GO |
|
PHONE: |
62 3553-1400 |
|
|
|
|
ADDRESS: |
AVENIDA CORONEL F LINK,1049 - PÁTRIA NOVA |
|
ZIP CODE/CITY: |
93336-002 NOVO HAMBURGO/RS |
|
PHONE: |
51 4009-4077 |
|
FAX: |
51 3595-4400 |
|
|
|
|
ADDRESS: |
RODOVIA VITÓRIO PRADI, KM 1 |
|
ZIP CODE/CITY: |
15700-000 JALES/SP |
|
PHONE: |
17 3624-3090 |
|
FAX: |
17 3624-3099 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
TANNERY AND IMPROVEMENT OF LEATHER. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
17/09/1947 |
|
REGISTER DATE: |
17/09/1947 |
|
BALANCE SHEET FILING DATE: |
12/31 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
91.302.349/0001-33 |
|
STATE REGISTER: |
075/0000821 |
|
|
|
|
SHARE CAPITAL: |
R$ 62.629.469,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CONSTANTE CAETANO FUGA |
PRESIDENT DIRECTOR |
|
IEDO CLAUDINO FUGA |
DIRECTOR |
|
LUIS EDUARDO FUGA |
DIRECTOR |
|
PATRICIA FUGA BEBBER |
DIRECTOR |
|
IVANOR ANTONIO BENEDETTI |
DIRECTOR |
|
PAULO S. MAGNABOSCO |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
FUGA PARTICIPAÇÕES LTDA |
52,2702% |
|
ANTÔNIO BUSATO FUGA |
8,0869% |
|
PAULO SÉRGIO MAGNABOSCO |
5,0253% |
|
LUIS EDUARDO FUGA |
3,7853% |
|
CONSTANTE CAETANO FUGA |
0,3592% |
|
IEDO CLAUDINO FUGA |
0,6014% |
|
IVANOR ANTÔNIO BENEDETTI |
7,8105% |
|
PATRÍCIA FUGA BEBBER |
2,2411% |
|
MAGNABOSCO S/A |
11,2192% |
|
ANA RITA ORTOLAN FUGA |
0,5285% |
|
ANDRÉ BENEDETTI |
0,4079% |
|
ANGELO DONZELLI |
0,4411% |
|
LADI LAMAR PILATTI |
3,0471% |
|
DELINDE SPAGNOL |
0,0152% |
|
FABRÍCIO FUGA |
2,2575% |
|
IEDO FUGA JUNIOR |
0,4683% |
|
JOSÉ GUSTAVO FUGA |
0,2796% |
|
JULIANA FUGA |
0,2796% |
|
PAULO JOSÉ FUGA |
0,4682% |
|
ROBERTA BENEDETTI |
0,4079% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
FUGA COUROS JALES LTDA |
99,90% |
|
FUGA COUROS HIDROLÂNDIA LTDA |
99,51% |
|
SEBO JALES IND E COM DE PRODUTOS ANIMAIS LTDA |
98,00% |
|
AGROPECUÁRIA FUGA LTDA |
99,99% |
|
FUGA PANORAMA INDUSTRIAL LTDA |
50,00% |
COMPANY'S BACKGROUND
|
IN SEPTEMBER 1947, A GROUP OF BUSINESSMAN, LED BY ENTREPRENEUR JOSÉ
FUGA, STARTED THE TANNERY CURTUME MARAUENSE LTDA, IN THE SMALL TOWN OF MARAU/RS
(STATE OF RIO GRANDE DO SUL, SOUTH BRAZIL). THIS WAS THE BEGINNING OF WHAT
NOW HAS BECOME THE GROUP OF FUGA COUROS S/A. IN THOSE DAYS, 20 PIGSKINS WERE TANNED PER DAY. SEVEN YEARS LATER, IN
1955, THE TANNERY MADE ITS FIRST EXPORT SALE TO THE U.S.A. THEREAFTER ITS
GROWTH WAS CONSTANT AND EVER INCREASING, BOOSTED BY THE PROCESSING OF
COWHIDES. IN 1960 THE COMPANY CHANGED ITS NAME TO CURTUME MAURAUENSE S/A. AND IN
1989 TO FUGA COURO S/A. TODAY THE FUGA COUROS S/A GROUP TRADES IN VARIOUS WORLD MARKETS,
PARTICIPATING AT THE MAIN INTERNATIONAL TRADE FAIRS LIKE MIAMI, BOLOGNA, HONG
KONG AND LEON AMONG OTHERS, IN ADDITION TO MOST LEATHERS FAIRS IN BRAZIL. THE
GROUP HAS ALSO EXPANDED TO OTHERS ACTIVITIES LIKE CATTLE BREEDING,
SLAUGHTERHOUSES AND PROCESSING OF BY-PRODUCTS LIKE OFFAL'S ETC. IN 2009 A SPLIT-UP OCCURRED WITH MOST PART OF THE SPLIT ASSETS OF THE
SUBSIDIARY FUGA COUROS JALES LTDA BEING TRANSFERRED TO FUGA COUROS S/A, WHICH
WILL TAKE OVER THE FUGA COUROS JALES LTDA'S OPERATIONAL ACTIVITIES AND EMPLOYEES. THE STREET NAME HAS CHANGED FROM (VILA CONSTANTE FUGA, 297) TO THE
ABOVE-MENTIONED ONE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY 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 |
32.605.716,00 |
6.952.812,00 |
421.441,00 |
|
CLIENTS |
44.845.708,00 |
23.785.281,00 |
19.668.045,00 |
|
INVENTORY |
39.827.123,00 |
35.966.441,00 |
33.656.673,00 |
|
ADVANCE TO SUPPLIERS |
9.160.528,00 |
6.610.310,00 |
7.197.847,00 |
|
RECOVERABLE TAXES |
6.671.578,00 |
11.215.677,00 |
19.193.099,00 |
|
ADVANCE TO EMPLOYEES |
46.390,00 |
83.012,00 |
58.012,00 |
|
OTHER |
187.980,00 |
162.468,00 |
141.205,00 |
|
PREPAID EXPENSES |
45.157,00 |
136.202,00 |
138.133,00 |
|
CREDIT WITH RELATED PARTIES |
727.209,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
134.117.389,00 |
84.912.203,00 |
80.474.455,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
300.594,00 |
239.463,00 |
312.343,00 |
|
OTHER CREDITS |
16.132,00 |
17.521,00 |
16.132,00 |
|
RECOVERABLE TAXES |
354.558,00 |
125.417,00 |
123.726,00 |
|
INTERCOMPANY CREDITS |
|
|
51.500,00 |
|
INVESTMENTS |
75.654,00 |
62.726,00 |
18.351,00 |
|
DEFERRED TAXES |
11.002.006,00 |
12.563.769,00 |
11.736.930,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
11.748.944,00 |
13.008.896,00 |
12.258.982,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
164.166.245,00 |
131.095.794,00 |
115.598.571,00 |
|
FIXED ASSETS |
50.397.588,00 |
45.738.253,00 |
28.977.059,00 |
|
INTANGIBLE |
58.054,00 |
31.008,00 |
31.573,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
214.621.887,00 |
176.865.055,00 |
144.607.203,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
360.488.220,00 |
274.786.154,00 |
237.340.640,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
11.360.396,00 |
7.459.076,00 |
4.783.775,00 |
|
ADVANCE TO EXCHANGE CONTRACT |
39.957.708,00 |
36.406.010,00 |
39.435.820,00 |
|
LABOR OBLIGATIONS |
3.344.332,00 |
3.231.519,00 |
3.190.878,00 |
|
REPRESENTATIVES |
629.213,00 |
165.706,00 |
894.517,00 |
|
ACCOUNTS PAYABLE |
226.321,00 |
56.877,00 |
216.170,00 |
|
OTHER |
219.843,00 |
233.568,00 |
173.850,00 |
|
DEBT WITH RELATED PARTIES |
|
|
130.000,00 |
|
ADVANCE FROM CLIENTS |
|
531.973,00 |
1.108.190,00 |
|
FINANCING |
31.843.598,00 |
8.438.202,00 |
3.515.388,00 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
1.524.216,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
89.105.627,00 |
56.522.931,00 |
53.448.588,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISION FOR CONTINGENCIES |
729.323,00 |
210.709,00 |
290.608,00 |
|
FINANCING |
33.716.205,00 |
23.060.596,00 |
1.147.675,00 |
|
TAXES AND CONTRIBUTIONS |
754.902,00 |
669.845,00 |
217.870,00 |
|
ACCOUNTS PAYABLE |
387.000,00 |
387.000,00 |
387.000,00 |
|
DEFERRED TAXES |
3.483.176,00 |
3.540.540,00 |
3.578.587,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
39.070.606,00 |
27.868.690,00 |
5.621.740,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
62.629.469,00 |
62.629.469,00 |
62.629.469,00 |
|
REVALUATION RESERVES |
1.536.375,00 |
1.536.375,00 |
1.536.375,00 |
|
PROFIT RESERVES |
138.899.532,00 |
96.883.959,00 |
84.661.619,00 |
|
CAPITAL RESERVES |
31.851,00 |
31.851,00 |
31.851,00 |
|
ADJUSTMENTS |
29.214.760,00 |
29.312.879,00 |
29.410.998,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
232.311.987,00 |
190.394.533,00 |
178.270.312,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
360.488.220,00 |
274.786.154,00 |
237.340.640,00 |
|
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 |
250.373.755,00 |
190.545.707,00 |
161.262.607,00 |
|
(-) TAXES ON SALES |
35.794.053,00 |
27.184.336,00 |
19.423.494,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
214.579.702,00 |
163.361.371,00 |
141.839.113,00 |
|
(-) COST OF SOLD GOODS |
176.606.092,00 |
143.931.567,00 |
129.719.111,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
37.973.610,00 |
19.429.804,00 |
12.120.002,00 |
|
OPERATING REVENUE (EXPENSE) |
13.528.384,00 |
-1.404.492,00 |
-12.448.854,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.313.360,00 |
-5.778.476,00 |
-2.252.205,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
48.188.634,00 |
12.246.836,00 |
-2.581.057,00 |
|
CONTRIBUTION/INCOME TAX |
-5.071.181,00 |
826.839,00 |
11.736.930,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
43.117.453,00 |
13.073.675,00 |
9.155.873,00 |
|
MONTHLY SALES |
|||
|
|
2013 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 23.080.254,88 |
|
|
|
FEBRUARY |
R$ 20.197.767,60 |
|
|
|
MARCH |
R$ 22.982.962,78 |
|
|
|
APRIL |
R$ 27.636.612,65 |
|
|
|
MAY |
R$ 26.798.075,50 |
|
|
|
JUNE |
R$ 26.432.298,05 |
|
|
|
JULY |
R$ 35.146.137,64 |
|
|
|
AUGUST |
R$ 37.859.543,77 |
|
|
|
SEPTEMBER |
R$ 35.970.627,89 |
|
|
|
OCTOBER |
R$ 38.036.866,12 |
|
|
|
NOVEMBER |
R$ 41.140.862,86 |
|
|
|
DECEMBER |
R$ 33.654.804,90 |
|
|
|
TOTAL |
R$ 368.936.814,64 |
|
|
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
1,06 |
|
,87 |
|
,88 |
|
|
CURRENT RATIO |
1,51 |
|
1,50 |
|
1,51 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,78 |
TIMES |
6,87 |
TIMES |
7,21 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
75,24 |
DAYS |
52,42 |
DAYS |
49,92 |
DAYS |
|
INVENTORY TURNOVER |
4,43 |
TIMES |
4,00 |
TIMES |
3,85 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
23,16 |
DAYS |
18,66 |
DAYS |
13,28 |
DAYS |
|
RETURN ON ASSETS |
,60 |
TIMES |
,59 |
TIMES |
,60 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,92 |
TIMES |
,86 |
TIMES |
,80 |
TIMES |
|
NET WORTH TIE-UP |
,22 |
|
,24 |
|
,16 |
|
|
INDEBTEDNESS |
,55 |
|
,44 |
|
,33 |
|
|
EQUITY RATIO |
64,44 |
% |
69,29 |
% |
75,11 |
% |
|
WORKING CAPITAL RATIO |
50,52 |
% |
50,23 |
% |
50,56 |
% |
|
GENERAL SOLVENCY |
2,81 |
|
3,26 |
|
4,02 |
|
|
RETURN ON NET EQUITY |
18,56 |
% |
6,87 |
% |
5,14 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
20,09 |
% |
8,00 |
% |
6,46 |
% |
|
GROSS PROFIT MARGIN |
17,70 |
% |
11,89 |
% |
8,54 |
% |
|
OPERATIONAL RESULT |
22,46 |
% |
7,50 |
% |
-1,82 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,41 |
TIMES |
2,89 |
TIMES |
2,65 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 13/01/2014 |
|
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 FINANCIAL DATA AVAILABLE SHOWS THE SUBJECT HAS A GOOD FINANCIAL STANDING.
IT SHOWS GOOD CURRENT RATIO WITH IMPORTANT WORKING CAPITAL AMOUNT, LOW LEVEL
OF INDEBTEDNESS. IN ADDITION IT SHOWS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 10.370.655,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 4.212.916,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 40.309.568,00
INSURANCE
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3168-2 / 54 3311-1166 |
|
|
BANCO BRADESCO S/A |
3495-9 / 54 3311-3348 |
|
|
BANCO BANRISUL S/A |
0727 / 54 3342-3066 |
|
|
CAIXA ECONOMICA FEDERAL |
0697 / 54 3342-3100 |
|
|
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 TANNERY AND IMPROVEMENT OF LEATHER.
Subject offers a large
variety of cow leather including garment, upholstery (finished and crust), suedes, natural splits, wetblue & Leather for ballet shoes
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
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ARGENTINA, URUGUAY AND ITALY |
EXPORTS TO:
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THAILAND, ITALY AND INDONESIA |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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PHONE: |
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CENTROCOURO COM E REPRES LTDA |
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51 3583-2028 |
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JAVALLI IND E COM DE CONFECÇÕES LTDA |
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54 3344-1475 |
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KALLINE IND COM CONFECÇÕES LTDA ME |
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48 3524-1808 |
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SP EQUIP DE PROTEÇÃO TRABALHO EMRO LTDA |
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11 3275-3311 |
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TRINYS IND E COMERCIO LTDA |
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18 3528-9900 |
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FOREIGN CLIENTS: |
COUNTRY: |
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CORIUM |
ITALY |
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DANCEMANN |
THAILAND |
|
|
PRIMO MASTROTO |
ITALY |
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PT MASTROTO |
INDONESIA |
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STAFF: |
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THE COMPANY HAS: 408 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1947 WITH A
GROWING SCALE OF ACTIVITIES. IT IS FAMILY-OWNED. SO FAR IT HAS A CLEAR TRADE
HISTORY AND EXCELLENT PAYMENT BEHAVIOUR. 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. ALL OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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BASF S/A |
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51 3474-5400 |
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COGNIS BRASIL LTDA |
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51 3586-2627 |
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KILLING S/A |
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51 3586-8100 |
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NOKO-PIELCOLOR LTDA |
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51 3562-8800 |
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STAHL DO BRASIL LTDA |
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51 3562-1313 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
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AMERICA CHEMICAL |
URUGUAY |
|
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BAUCE TRI-MA SRL |
ITALY |
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TRUMPLER ARGENTINA |
ARGENTINA |
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PAYMENT HISTORY: |
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25 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.112.616,00 |
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|
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AMOUNT OF INVOICES PAID: 170 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 94.809,00 |
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HIGHEST CREDIT: R$ 324.564,00 |
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OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
3 |
R$ 1.840,72 |
FINAL OPINION
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
EXCELLENT PAYMENT BEHAVIOUR. 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.61.59 |
|
UK Pound |
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
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 |
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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 |
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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.