|
Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCA - TRADING S/A |
|
|
|
|
Registered Office : |
RUA Joaquim Floriano, 72, 17º Andar, Conjunto 174 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.02.2005 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Trading Company. Import and Export of
Manufacture and Semi-Manufactured Products, Agricultural and Husbandry Products,
Alcohol, Fertilizers, Agrochemicals. |
|
|
|
|
No. of Employees : |
4 |
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 |
SCA - TRADING S/A
|
MAIN ADDRESS: |
RUA JOAQUIM FLORIANO, 72, 17º ANDAR, CONJUNTO 174 ITAIM BIBI |
|
ZIP CODE/CITY: |
04534-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3709-4900 |
|
FAX: |
11 3709-4900 |
|
E-MAIL: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA CONDE ZEPPELIN, 3300 - BAIRRO ÉDEN |
|
ZIP CODE/CITY: |
18103-008 SOROCABA/SP |
|
CNPJ: |
07.236.486/0003-72 |
|
STATE REGISTER: |
669.806.880.118 |
|
MAIN ACTIVITIES: |
|
TRADING COMPANY. IMPORT AND EXPORT OF MANUFACTURE AND
SEMI-MANUFACTURED PRODUCTS, AGRICULTURAL AND HUSBANDRY PRODUCTS, ALCOHOL,
FERTILIZERS, AGROCHEMICALS ETC. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
22/02/2005 |
|
REGISTER DATE: |
22/02/2005 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.236.486/0001-00 |
|
STATE REGISTER: |
116.996.193.119 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.000.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARTINHO SEIITI ONO |
PRESIDENT DIRECTOR |
|
SILVIA CRISTINA DE OLIVEIRA |
ASSISTANT DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SOCIEDADE CORRETORA DE ÁLCOOL LTDA |
100% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
SHAREHOLDERS/DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
OLIVEIRA GOMES ASSESSORIA E CONSULTORIA EMPRESARIAL LIMITAD |
|
|
EAGLE REPRESENTAÇÃO COMERCIAL LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 22, 2005 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. EM REUNIÃO REALIZADA EM 05 DE DEZEMBRO DE 2013 FOI EFETUADA A MUDANÇA
DO EXERCÍCIO SOCIAL DA COMPANHIA, PASSANDO DE 31 DE MARÇO PARA 31 DE DEZEMBRO
DE CADA ANO. COMO CONSEQUÊNCIA O EXERCÍCIO DE 31/12/2013 APRESENTA APENAS
NOVE MESES. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/03/2013 AND 31/03/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/03/2013 |
31/03/2012 |
|
|
|
|
|
|
CASH AND BANKS |
1.690.588,00 |
474.965,00 |
3.822.490,00 |
|
CLIENTS |
|
80.268,00 |
112.400,00 |
|
INVENTORY |
205.281,00 |
|
|
|
RECOVERABLE TAXES |
55.395,00 |
47.532,00 |
152.673,00 |
|
OTHER CREDITS |
5.070,00 |
800.000,00 |
92.639,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.956.334,00 |
1.402.765,00 |
4.180.202,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
|
|
40.418,00 |
|
FIXED ASSETS |
67.837,00 |
217,00 |
247.257,00 |
|
INTANGIBLE |
|
|
13.914,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
67.837,00 |
217,00 |
301.589,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
2.024.171,00 |
1.402.982,00 |
4.481.791,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/03/2013 |
31/03/2012 |
|
|
|
|
|
|
SUPPLIERS |
334.706,00 |
16.629,00 |
17.683,00 |
|
TRIBUTARY OBLIGATIONS |
79.531,00 |
76.197,00 |
11.406,00 |
|
SOCIAL / LABOR OBLIGATIONS |
9.498,00 |
8.493,00 |
139.439,00 |
|
DIVIDENDS |
212.875,00 |
|
193.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
636.610,00 |
101.319,00 |
361.528,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.000.000,00 |
1.000.000,00 |
97.802,00 |
|
PROFIT RESERVES |
387.561,00 |
301.663,00 |
|
|
ACCRUED PROFIT (LOSS) |
|
|
4.022.461,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.387.561,00 |
1.301.663,00 |
4.120.263,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
2.024.171,00 |
1.402.982,00 |
4.481.791,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/03/2013 AND 31/03/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2013 |
31/03/2013 |
31/03/2012 |
|
|
|
|
|
|
NET SALES |
681.208,00 |
830.735,00 |
6.337.171,00 |
|
(-) COST OF SOLD GOODS |
132.839,00 |
183.162,00 |
2.883.860,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
548.369,00 |
647.573,00 |
3.453.311,00 |
|
OPERATING REVENUE (EXPENSE) |
-221.259,00 |
-348.314,00 |
-2.805.661,00 |
|
FINANCIAL REVENUE(EXPENSE) |
71.927,00 |
71.373,00 |
510.678,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
399.037,00 |
370.632,00 |
1.158.328,00 |
|
CONTRIBUTION/INCOME TAX |
-100.264,00 |
-52.174,00 |
-268.276,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
298.773,00 |
318.458,00 |
890.052,00 |
|
RATIOS: |
31/12/2013 |
31/03/2013 |
31/03/2012 |
|
QUICK RATIO |
2,75 |
|
13,85 |
|
11,56 |
|
|
CURRENT RATIO |
3,07 |
|
13,85 |
|
11,56 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
|
|
10,35 |
TIMES |
56,38 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
|
|
34,78 |
DAYS |
6,39 |
DAYS |
|
INVENTORY TURNOVER |
,65 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
680,30 |
DAYS |
32,68 |
DAYS |
2,21 |
DAYS |
|
RETURN ON ASSETS |
,34 |
TIMES |
,59 |
TIMES |
1,41 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,49 |
TIMES |
,64 |
TIMES |
1,54 |
TIMES |
|
NET WORTH TIE-UP |
,05 |
|
,00 |
|
,06 |
|
|
INDEBTEDNESS |
,46 |
|
,08 |
|
,09 |
|
|
EQUITY RATIO |
68,55 |
% |
92,78 |
% |
91,93 |
% |
|
WORKING CAPITAL RATIO |
207,30 |
% |
1.284,50 |
% |
1.056,26 |
% |
|
GENERAL SOLVENCY |
3,18 |
|
13,85 |
|
12,40 |
|
|
RETURN ON NET EQUITY |
21,53 |
% |
24,47 |
% |
21,60 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
43,86 |
% |
38,33 |
% |
14,04 |
% |
|
GROSS PROFIT MARGIN |
80,50 |
% |
77,95 |
% |
54,49 |
% |
|
OPERATIONAL RESULT |
58,58 |
% |
44,61 |
% |
18,28 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,07 |
TIMES |
8,20 |
TIMES |
17,53 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,40 |
- OFFICIAL RATE ON 23/09/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,01 |
- OFFICIAL RATE ON 31/03/2013 |
|
US$ 1,00 = R$ 1,82 |
- OFFICIAL RATE ON 31/03/2012 |
|
COMMENTS
ON THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN
FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW GOOD FINANCIAL
STANDING. IT HAS HIGH LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS
LOW LEVEL OF INDEBTEDNESS. IT SHOWS MODEST SALES VOLUME BUT POSTED PROFIT. ACCORDING TO EXTRAORDINARY GENERAL MEETING
HELD ON DECEMBER 05, 2013 THE COMPANY'S BOARD OF DIRECTORS APPROVED A FISCAL
YEAR-END CHANGE TO DECEMBER ON DECEMBER 31ST FROM MARCH 31ST. WITH THIS CHANGE,
SUBJECT’S 2014 FISCAL YEAR BEGAN JAN. 1, 2014, AND WILL END DEC. 31, 2014. AS
A RESULT THE BALANCE SHEET FOR DECEMBER 31, 2013 COMPRISES ONLY 9 MONTHS,
THUS NOT COMPARABLE TO THE PREVIOUS ONES. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENT
ARE VALUED AT R$ 67.687.000,00
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
11 3095-3614 |
|
|
BANCO ITAÚ S/A |
11 3078-6439 |
|
|
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"). |
|
TRADING COMPANY. IMPORT AND EXPORT OF MANUFACTURE AND
SEMI-MANUFACTURED PRODUCTS, AGRICULTURAL AND HUSBANDRY PRODUCTS, ALCOHOL,
FERTILIZERS, AGROCHEMICALS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BIMBO DO BRASIL LTDA |
|
11 2177-9151 |
|
GRUPO BUNGE |
|
11 3914-0000 |
|
GRUPO RAIZEN |
|
11 3897-9797 |
|
M DIAS BRANCO S/A |
|
|
|
MÃE TERRA PRODUTOS NATURAIS LTDA |
|
|
|
VALE DO VERDÃO S/A AÇÚCAR E ÁLCOOL |
|
64 3647-7000 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 4 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2005. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES DUE TO THE NATURE OF ITS BUSINESS. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
DIRETRIZ CONSULTORES TRIBUTÁRIOS |
|
16 3632-8409 |
|
INTERCONT ASSESSORIA |
|
11 5574-7384 |
|
INTERTEK CALLEB BRETT |
|
13 2101-3000 |
|
KPMG AUDITORES INDEPENDENTES |
|
16 2106-6700 |
|
OLAM BRASIL LTDA |
|
11 3017-8499 |
|
VAP TRANS |
|
11 4487-2300 |
|
PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
|
BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. A CREDIT LIMIT OF US$ 100.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS
SHOULD BE GRANTED UNDER SECURED BASIS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.