MIRA INFORM REPORT

 

 

Report Date :

29.11.2014

 

 

IDENTIFICATION DETAILS

 

Name :

KOMPORT COMERCIAL IMPORTADORA S A

 

 

Registered Office :

Avenida Mauro Ramos, 1450 Salas 701 E 704 - Centro S A 88.020 - 302 - Florianopolis/SC

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

03.06.2005

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Import of goods in general

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees

97

 

 

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 – 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 and address

 

KOMPORT COMERCIAL IMPORTADORA S/A

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA MAURO RAMOS, 1450 SALAS 701 E 704 - CENTRO

ZIP CODE/CITY:

88.020-302 - FLORIANOPOLIS/SC

 

 

PHONE:

48 2106-4805

FAX:

48 2106-4848

E-MAIL:

karina@komcorp.com.br

WEB SITE:

www.komport.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA CORONEL MARCOS KONDER,1207 SALA 35 - CENTRO

ZIP CODE/CITY:

88301-303 ITAJAI/SC

CNPJ:

07.409.820/0003-42

 

 

ADDRESS:

RUA RIO AZUL,247 SALA G - EMILIANO PERNETA

ZIP CODE/CITY:

83325-110 PINHAIS/PR

CNPJ:

07.409.820/0002-61

 

 

ADDRESS:

AVENIDA MAURO RAMOS,1450 SALA 105 - CENTRO

ZIP CODE/CITY:

88020-302 FLORIANÓPOLIS/SC

CNPJ:

07.409.820/0006-95

 

 

ADDRESS:

AVENIDA MAURO RAMOS,1450 4º ANDAR SALA 403 - CENTRO

ZIP CODE/CITY:

88020-302 FLORIANOPOLIS/SC

CNPJ:

07.409.820/0004-23

 

 

ADDRESS:

RUA MANOEL JOÃO MARTINS, S/Nº,0 3º ANDAR - PRAIA FORA

ZIP CODE/CITY:

88138-090 PALHOÇA/SC

CNPJ:

07.409.820/0005-04

 

 

ADDRESS:

AVENIDA CARLOS GOMES,23090 SALA 15, VICTORY GALLERY - SÃO CRISTOVÃO

ZIP CODE/CITY:

76804-037 PORTO VELHO/RO

CNPJ:

074098200

 

 


LEGAL DATA

 

MAIN ACTIVITIES:

 

IMPORT OF GOODS IN GENERAL.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

03/06/2005

REGISTER DATE:

03/06/2005

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

07.409.820/0001-80

STATE REGISTER:

254.995.489

 

 

SHARE CAPITAL:

R$ 3.019.611,00

 

BOARD OF DIRECTORS:

 

 

 

ALEXANDRE NASCIMENTO SCHAEFER

PRESIDENT DIRECTOR

LICINIO ANTONIO DE SOUSA JUNIOR

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

KOMGROUP GESTÃO PARTICIPAÇÕES SOCIETÁRIAS ADM. DE BENS S/A

51%

ALEXANDRE NASCIMENTO SCHAEFER

49%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

KOM AMAZON INDUSTRIA E COMERCIO DE PROD ELETRO-MECANICOS LTD

99,0%

ASIA DISTRIBUIDORA DE UTILITARIOS DOMESTICOS LTDA

99,0%

KOMCORP ASSESSORIA CONTABIL LTDA EPP.

 

KOMLOG IMPORTAÇÃO LTDA

99,5%

KOMBO DESENVOLVIMENTO E COM. DE SOFTWARES LTDA

51,0%

KOMTOP GESTÃO E TECNOLOGIA LTDA

20,0%

KMP AGENCIAMENTO DE CARGAS LTDA

 

KOMPORT COMERCIAL IMPORTADORA LTDA

 

SCHAEFER & SCHAEFER REPRESENTAÇÕES LTDA

 

PHOENIX IMPORTAÇÃO E DSITRIBUIÇÃO LTDA

 

ASIA SPORT LTDA

 

KM IMPORTAÇÃO LTDA

 

KOMBLOC INCORPORADORA E CONSTRUTORA LTDA

 

COPOS DUTRA INDUSTRIA E COMERCIO LTDA

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 03, 2005 AS HARPIA DISTRIBUIDORA LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME.

 

TRADING STYLE: KOMPORT

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2013

31/12/2012

 

 

 

 

 

CASH AND CASH EQUIVALENTS

1.399.868,60

1.829.269,31

 

INVESTMENTS

19.615.895,31

17.985.213,11

 

CLIENTS

148.187.824,56

165.731.992,03

 

INVENTORY

46.862.288,59

51.224.153,80

 

RECOVERABLE TAXES

2.197.965,08

2.495.390,93

 

OTHER

14.366.823,91

4.253.081,61

 

PRE PAID EXPENSES

510.384,24

19.197,23

 

 

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

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

 

TOTAL CURRENT ASSETS

233.141.050,29

243.538.298,02

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

OTHER CREDITS

16.915,38

9.715,38

 

 

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

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

 

TOTAL LONG-TERM RECEIVABLES

16.915,38

9.715,38

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

1.075.666,00

1.075.666,00

 

FIXED ASSETS

358.887,65

106.581,10

 

 

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

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

 

TOTAL FIXED ASSETS

1.434.553,65

1.182.247,10

 

 

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

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

 

TOTAL ASSETS

234.592.519,32

244.730.260,50

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

 

 

 

 

 

SUPPLIERS

78.769.484,44

110.955.887,22

 

LOANS AND FINANCING

52.749.930,63

41.893.100,22

 

LABOR OBLIGATIONS

659.312,12

543.966,43

 

TRIBUTARY OBLIGATIONS

2.988.136,59

3.179.601,27

 

ADVANCE FROM CLIENTS

21.315.784,98

16.657.565,99

 

OTHER

157.273,86

50.000,00

 

 

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

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

 

TOTAL CURRENT LIABILITIES

156.639.922,62

173.280.121,13

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

4.256.000,00

 

 

 

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

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

 

TOTAL LONG TERM LIABILITIES

4.256.000,00

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

3.019.611,00

3.019.611,00

 

RESERVES/TAX INCENTIVES

60.965.804,32

54.924.419,55

 

ACCRUED PROFIT (LOSS)

9.711.181,38

13.506.108,82

 

 

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

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

 

TOTAL NET EQUITY

73.696.596,70

71.450.139,37

 

 

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

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

 

TOTAL LIABILITIES

234.592.519,32

244.730.260,50

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

 

31/12/2013

31/12/2012

 

 

 

 

 

NET SALES

311.589.922,95

438.872.990,67

 

(-) COST OF SOLD GOODS

302.229.923,92

418.917.397,50

 

 

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

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

 

GROSS PROFIT

9.359.999,03

19.955.593,17

 

OPERATING REVENUE (EXPENSE)

-7.346.821,86

-6.995.169,81

 

FINANCIAL REVENUE(EXPENSE)

2.728.207,59

-4.965.078,32

 

 

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

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

 

OPERATIONAL PROFIT (LOSS)

4.741.384,76

7.995.345,04

 

NON-OPERATING RESULT

 

-126.297,94

 

CONTRIBUTION/INCOME TAX

-1.578.876,72

-2.718.470,53

 

 

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

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

 

NET PROFIT (LOSS)

3.162.508,04

5.150.576,57

 

 

RATIOS:

31/12/2013

31/12/2012

 

 

QUICK RATIO

1,19

 

1,11

 

 

 

CURRENT RATIO

1,49

 

1,41

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

2,10

TIMES

2,65

TIMES

 

 

DAYS' SALES IN RECEIVABLES

171,21

DAYS

135,95

DAYS

 

 

INVENTORY TURNOVER

6,45

TIMES

8,18

TIMES

 

 

ACCOUNTS PAYABLE PERIOD

93,83

DAYS

95,35

DAYS

 

 

RETURN ON ASSETS

1,33

TIMES

1,79

TIMES

 

 

SALES TURNOVER ON NET EQUITY

4,23

TIMES

6,14

TIMES

 

 

NET WORTH TIE-UP

,00

 

,00

 

 

 

INDEBTEDNESS

2,18

 

2,43

 

 

 

EQUITY RATIO

31,41

%

29,20

%

 

 

WORKING CAPITAL RATIO

48,84

%

40,55

%

 

 

GENERAL SOLVENCY

1,46

 

1,41

 

 

 

RETURN ON NET EQUITY

4,29

%

7,21

%

 

 

RETURN ON SALES (PROFIT MARGIN)

1,02

%

1,17

%

 

 

GROSS PROFIT MARGIN

3,00

%

4,55

%

 

 

OPERATIONAL RESULT

1,52

%

1,82

%

 

 

SALES TURNOVER ON LIABILITIES

1,99

TIMES

2,53

TIMES

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,25

 - OFFICIAL RATE ON 04/08/2014

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 FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL. IN ADDITION IT SHOWS DROP IN SALES BUT POSTED PROFIT.

 

REMARKS:

 

THE COMPANY DID NOT SEND ANY CLARIFICATION ABOUT THE DROP IN THE SALES VOLUME.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

 

 

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"). .

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE IMPORT OF GOODS IN GENERAL.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 97 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2005. SO FAR IT HAS A CLEAR TRADE HISTORY AND MODEST 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 AS ITS CORE SUPPLIERS ARE LOCATED ABROAD.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE.

 

 

 

PAYMENT HISTORY:

 

02 SUPPLIERS REPORTED PAYMENTS:

TOTAL AMOUNT:  R$ 3.122,00

 

AMOUNT OF INVOICES PAID: 2

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 2.864,00

HIGHEST CREDIT: R$ 2.864,00

 

 

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.61.97

UK Pound

1

Rs.97.37

Euro

1

Rs.77.16                               

 

INFORMATION DETAILS

 

Report Prepared by :

SMN

 

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.