|
Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLUIDLOC S A INDUSTRIA E COMERCIO |
|
|
|
|
Registered Office : |
Praça Sargento Fabio Pavani, 84 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.04.1976 |
|
|
|
|
Legal Form : |
Privately Head Corporation |
|
|
|
|
Line of Business : |
Manufacture of Brake and Clutch Parts For Vehicles. |
|
|
|
|
No of Employees : |
84 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
FLUIDLOC S A
INDUSTRIA E COMERCIO
ADDRESSES
|
|
MAIN ADDRESS: |
PRAÇA SARGENTO FABIO PAVANI, 84 - BAIRRO DA PAVUNA |
|
ZIP CODE/CITY: |
21525-680 - RIO DE JANEIRO/RJ |
|
|
|
|
PHONE: |
21 2474-9300 |
|
FAX: |
21 2474-9300 |
|
E-MAIL: |
diretoria@fluidloc.com.br |
|
WEB SITE: |
www.fluidloc.com.br |
BRANCHES
|
|
NOT AVAILABLE. |
|
LEGAL DATA: |
MAIN ACTIVITIES
|
|
MANUFACTURE OF BRAKE AND CLUTCH PARTS FOR VEHICLES. |
|
LEGAL FORM: |
PRIVATELY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
05/04/1976 |
|
REGISTER DATE: |
05/04/1976 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
42.552.190/0001-08 |
|
STATE REGISTER: |
82.057.382 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.600.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MICHEL SANDRO VENTURA |
PRESIDENT DIRECTOR |
|
FRANCISCO DE FREITAS LEITE |
COMMERCIAL DIRECTOR |
|
ARTHUR MACHADO LEITE |
INDUSTRIAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
SHAREHOLDERS / PARTNERS
|
|
|
|
|
|
MICHEL SANDRO VENTURA |
80% |
|
FRANCISCO DE FREITAS LEITE |
20% |
AFFILIATES / SUBSIDIARIES
|
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS |
|
|
|
|
|
A LEITE ENGENHARIA LTDA |
|
COMPANY'S BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON APRIL 05, 1976 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
PUBLIC INFORMATION
|
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
8 |
FEDERAL LAWSUITS |
10/12/12 |
5ª VARA DE RJ-RIO DE JANEIRO |
FINANCIAL INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
|
|
|
|
|
|
|
|
CASH |
979,36 |
|
|
|
BANKS |
-24.957,69 |
|
|
|
INVESTMENTS |
44.601,46 |
|
|
|
CLIENTS |
191.718,93 |
|
|
|
INVENTORY |
397.545,02 |
|
|
|
RECOVERABLE TAXES |
5.550,01 |
|
|
|
ADVANCES |
26,23 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT ASSETS |
615.463,32 |
|
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
LEASING |
353.397,61 |
|
|
|
COMPULSORY LOANS |
6.269,64 |
|
|
|
|
---------------- |
|
|
|
TOTAL LONG-TERM RECEIVABLES |
359.667,25 |
|
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
12.490,88 |
|
|
|
FIXED ASSETS |
2.413.668,82 |
|
|
|
|
---------------- |
|
|
|
TOTAL FIXED ASSETS |
2.426.159,70 |
|
|
|
|
================ |
|
|
|
TOTAL ASSETS |
3.401.290,27 |
|
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
|
|
|
|
|
|
|
|
SUPPLIERS |
413.213,75 |
|
|
|
SOCIAL / LABOR OBLIGATIONS |
26.397,00 |
|
|
|
ACCOUNTS PAYABLE |
2.173,97 |
|
|
|
REPRESENTATIVES |
173.699,38 |
|
|
|
ADVANCE FROM EXPORTS |
34.194,51 |
|
|
|
ADVANCE FROM CLIENTS |
12.615,81 |
|
|
|
TRIBUTARY OBLIGATIONS |
534.033,74 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT LIABILITIES |
1.196.328,16 |
|
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
673.203,29 |
|
|
|
|
---------------- |
|
|
|
TOTAL LONG TERM LIABILITIES |
673.203,29 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.600.000,00 |
|
|
|
PROFIT RESERVES |
20.724,01 |
|
|
|
ACCRUED PROFIT (LOSS) |
-88.965,19 |
|
|
|
|
---------------- |
|
|
|
TOTAL NET EQUITY |
1.531.758,82 |
|
|
|
|
================ |
|
|
|
TOTAL LIABILITIES |
3.401.290,27 |
|
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
|
|
|
|
|
|
|
|
GROSS SALES |
4.496.025,70 |
|
|
|
(-) TAXES ON SALES |
610.668,38 |
|
|
|
|
---------------- |
|
|
|
NET SALES |
3.885.357,32 |
|
|
|
(-) COST OF SOLD GOODS |
1.126.616,43 |
|
|
|
|
---------------- |
|
|
|
GROSS PROFIT |
2.758.740,89 |
|
|
|
OPERATING REVENUE (EXPENSE) |
-2.336.653,17 |
|
|
|
FINANCIAL REVENUE(EXPENSE) |
-254.525,47 |
|
|
|
|
---------------- |
|
|
|
OPERATIONAL PROFIT (LOSS) |
167.562,25 |
|
|
|
NON-OPERATING RESULT |
4.000,00 |
|
|
|
|
---------------- |
|
|
|
NET PROFIT (LOSS) |
171.562,25 |
|
|
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 321.407,36 |
|
|
|
FEBRUARY |
R$ 417.516,84 |
|
|
|
MARCH |
R$ 368.279,36 |
|
|
|
APRIL |
R$ 375.014,58 |
|
|
|
MAY |
R$ 362.245,49 |
|
|
|
JUNE |
R$ 356.718,71 |
|
|
|
JULY |
R$ 366.277,35 |
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 2.567.459,69 |
|
|
|
RATIOS: |
31/12/2012 |
|
|
|
QUICK RATIO |
,18 |
|
|
|
|
|
|
CURRENT RATIO |
,51 |
|
|
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
20,27 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
17,76 |
DAYS |
|
|
|
|
|
INVENTORY TURNOVER |
2,83 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
132,04 |
DAYS |
|
|
|
|
|
RETURN ON ASSETS |
1,14 |
TIMES |
|
|
|
|
|
SALES TURNOVER ON NET EQUITY |
2,54 |
TIMES |
|
|
|
|
|
NET WORTH TIE-UP |
1,58 |
|
|
|
|
|
|
INDEBTEDNESS |
1,22 |
|
|
|
|
|
|
EQUITY RATIO |
45,03 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
-48,55 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
1,82 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
11,20 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
4,42 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
71,00 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
4,31 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
3,25 |
TIMES |
|
|
|
|
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS
LOW LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. IN ADDITION IT SHOWS GOOD SALES
AND PROFITABILITY. |
REAL ESTATE
|
|
DETAIL OF OWNED
REAL ESTATE: |
|
TYPE: |
BUILDING |
|
VALUE: |
R$ ,00 |
|
REMARKS: |
INDUSTRIAL SHED (3080M²), LAND 4100M² |
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
INSURANCE COMPANY: |
ITAÚ SEGUROS |
|
COVERAGE: |
|
|
VALUE: |
R$ 2.500.000,00 |
BANKING REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
6031 / 21 2667-7980 |
NOVA IGUAÇU/RJ |
|
BANCO BRADESCO S/A |
544 / 21 3003-8013 |
SÃO JOÃO DE MERITI/RJ |
|
BANCO DO BRASIL S/A |
751-X / 21 2756-2973 |
SÃO JOÃO DE MERITI/RJ |
|
CAIXA ECONÔMICA FEDERAL |
1094 / 21 2474-3737 |
RIO DE JANEIRO/RJ |
|
BANCO SANTANDER (BRASIL) S/A |
3306 / 21 3668-1800 |
NOVA IGUAÇU/RJ |
|
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"). DATE RESEARCHED SEPTEMBER 01, 2014. |
ACTIVITIES COMMENTS
|
|
MANUFACTURE OF BRAKE AND CLUTCH PARTS FOR VEHICLES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
BOSCH |
|
|
|
CAMBUCI |
|
|
|
GENAU |
|
|
|
MONACO |
|
|
|
ODAPEL |
|
|
|
RENAVI |
|
|
|
ROCHESTER |
|
|
|
SHARK |
|
|
|
TRACTORTEM |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 84 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1976. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT RECORD. 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: |
|
PHONE: |
|
ARCELORMITTAL |
|
19 3493-9300 |
|
BELMETAL |
|
21 2136-6804 |
|
FUNDIÇÃO CALIFORNIA |
|
21 3384-1192 |
|
MAURANO & MAURANO |
|
11 3629-3000 |
|
PETROQUIM |
|
21 2158-6565 |
|
QUANTIQ - IQ SOLUÇÕES QUIMICAS |
|
21 2676-1433 |
|
VMP METAIS |
|
11 2916-3099 |
|
ZANAFLEX |
|
11 2165-3450 |
PAYMENT HISTORY
|
|
03 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 84.726,00 |
|
|
|
AMOUNT OF INVOICES PAID: 27 |
|
TOTAL OF PROMPT PAYMENTS: 93,3% |
|
TOTAL OF DELAYED PAYMENTS: 6,7% |
|
|
|
HIGHEST INVOICE: R$ 6.959,00 |
|
HIGHEST CREDIT: R$ 6.959,00 |
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.60.45 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.