|
Report No. : |
315345 |
|
Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOMINGOS ARAÚJO NETO |
|
|
|
|
Registered Office : |
Avenida Francisco Sá,3405 - Monte Castelo, 60310-000 - Fortaleza/Ce |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.10.1974 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Chemicals. |
|
|
|
|
No. of Employees : |
37 Employees |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
DOMINGOS ARAÚJO
NETO
|
MAIN ADDRESS: |
AVENIDA FRANCISCO SÁ,3405 - MONTE CASTELO |
|
ZIP CODE/CITY: |
60310-000 - FORTALEZA/CE |
|
|
|
|
PHONE: |
85 3236-3396 |
|
FAX: |
85 3236-3396 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
THE COMPANY HAS A BRANCH LOCATED IN FORTALEZA/CE. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
SOLE
PROPRIETORSHIP |
|
|
|
|
INCORPORATION DATE: |
02/10/1974 |
|
REGISTER DATE: |
02/10/1974 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.947.526/0001-22 |
|
STATE REGISTER: |
06.152.942-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 500.000,00 |
|
LAST REGISTER OF CAPITAL: |
04/02/2005 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
MANAGER |
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
DOMINGOS ARAÚJO NETO |
R$ 500.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
UNIÃO QUÍMICA DO BRASIL LTDA EPP |
50,00% |
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 02, 1974 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "DANETO". OWNERSHIP: DOMINGOS ARAÚJO NETO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS RG
2001002070781 SSP/CE AND CPF 041.036.103-87, RESIDENTIAL ADDRESS AT RUA MAJOR
TIBURCIO CAVALCANTE, 398, APTO. 2200, ALDEOTA, ZIP CODE 60125-100,
FORTALEZA/CE. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- 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: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
|
CASH |
8.456,82 |
4.248,26 |
|
|
BANKS |
68.731,47 |
43.196,51 |
|
|
INVESTMENTS |
783.329,23 |
492.633,58 |
|
|
CLIENTS |
1.771.193,40 |
3.001.129,15 |
|
|
INVENTORY |
2.686.608,01 |
3.680.026,00 |
|
|
RECOVERABLE TAXES |
30.551,61 |
163.838,21 |
|
|
OTHER |
3.150.373,56 |
1.427.102,31 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
8.499.244,10 |
8.812.174,02 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
28.056,26 |
295.910,84 |
|
|
FIXED ASSETS |
2.120.089,11 |
1.956.212,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
2.148.145,37 |
2.252.122,84 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
10.647.389,47 |
11.064.296,86 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
|
SUPPLIERS |
808.766,30 |
1.362.945,72 |
|
|
FINANCING |
115.867,48 |
|
|
|
TAXES & CONTRIBUTIONS |
270.110,94 |
302.500,27 |
|
|
LABOR OBLIGATIONS |
22.834,17 |
23.271,74 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1.217.578,89 |
1.688.717,73 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INSTALLMENTS TAXES PAYABLE |
1.059.332,35 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
1.059.332,35 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
500.000,00 |
500.000,00 |
|
|
PROFIT (LOSS) OF PERIOD |
1.402.567,51 |
1.528.516,52 |
|
|
PROFIT RESERVES |
6.467.910,72 |
7.347.062,61 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
8.370.478,23 |
9.375.579,13 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
10.647.389,47 |
11.064.296,86 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
|
GROSS SALES |
21.385.923,85 |
17.907.190,88 |
|
|
(-) TAXES ON SALES |
3.570.117,42 |
3.083.847,51 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
17.815.806,43 |
14.823.343,37 |
|
|
(-) COST OF SOLD GOODS |
11.940.875,73 |
10.601.227,23 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
5.874.930,70 |
4.222.116,14 |
|
|
OPERATING REVENUE (EXPENSE) |
-3.135.433,77 |
-764.850,15 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-230.367,05 |
14.567,16 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
2.509.129,88 |
3.471.833,15 |
|
|
CONTRIBUTION/INCOME TAX |
-626.562,37 |
-1.943.316,63 |
|
|
PROFIT SHARING |
-480.000,00 |
|
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
1.402.567,51 |
1.528.516,52 |
|
|
MONTHLY SALES |
|||
|
|
2013 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.792.874,58 |
|
|
|
FEBRUARY |
R$ 1.478.881,90 |
|
|
|
MARCH |
R$ 1.597.730,50 |
|
|
|
APRIL |
R$ 1.692.136,99 |
|
|
|
MAY |
R$ 1.714.569,17 |
|
|
|
JUNE |
R$ 1.477.538,06 |
|
|
|
JULY |
R$ 1.725.606,38 |
|
|
|
AUGUST |
R$ 1.704.842,28 |
|
|
|
SEPTEMBER |
R$ 1.813.090,40 |
|
|
|
OCTOBER |
R$ 1.936.189,17 |
|
|
|
NOVEMBER |
R$ 1.758.880,45 |
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 18.692.339,88 |
|
|
|
RATIOS: |
31/12/2012 |
31/12/2011 |
|
|
QUICK RATIO |
4,77 |
|
3,04 |
|
|
|
|
CURRENT RATIO |
6,98 |
|
5,22 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10,06 |
TIMES |
4,94 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
35,79 |
DAYS |
72,89 |
DAYS |
|
|
|
INVENTORY TURNOVER |
4,44 |
TIMES |
2,88 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
24,38 |
DAYS |
46,28 |
DAYS |
|
|
|
RETURN ON ASSETS |
1,67 |
TIMES |
1,34 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
2,13 |
TIMES |
1,58 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,25 |
|
,21 |
|
|
|
|
INDEBTEDNESS |
,27 |
|
,18 |
|
|
|
|
EQUITY RATIO |
78,62 |
% |
84,74 |
% |
|
|
|
WORKING CAPITAL RATIO |
598,04 |
% |
421,83 |
% |
|
|
|
GENERAL SOLVENCY |
4,68 |
|
6,55 |
|
|
|
|
RETURN ON NET EQUITY |
16,76 |
% |
16,30 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
7,87 |
% |
10,31 |
% |
|
|
|
GROSS PROFIT MARGIN |
32,98 |
% |
28,48 |
% |
|
|
|
OPERATIONAL RESULT |
14,08 |
% |
23,42 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
14,63 |
TIMES |
8,78 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,14 |
- OFFICIAL RATE ON 02/04/2015 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES SHOW A GOOD FINANCIAL STANDING. IT HAD HIGH
LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION SALES INCREASED AND POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 1.764.018,84
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 1.065.000,00
|
DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 2.000,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 590.484,82
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.550.000,00
|
INSURANCE COMPANY: |
BRADESCO SEGURADORA / SUL AMERICA SEGUROS |
|
COVERAGE: |
LIFE, VEHICLES, RESIDENTIAL AND CORPORATE |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
1702-7 / 85 3455-3740 |
FORTALEZA/CE |
|
BANCO BRADESCO S/A |
0452-9 / 85 3464-3800 |
FORTALEZA/CE |
|
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"). |
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF CHEMICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, CHINA, TURKEY, BELGIUM, FRANCE, GERMANY AND ITALY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
BERMAS |
|
85 3334-9000 |
|
CERA PERES |
|
85 3285-1900 |
|
CERVEJARIAS KAISER DO BRASIL S/A |
PACATUBA/CE |
85 3384-8100 |
|
COTECE S/A |
MARACANAÚ/CE |
85 3299-5822 |
|
NEIVADA LAVADERIA |
|
85 3245-2080 |
|
NORSA REFRIGERANTES |
MARACANAÚ/CE |
85 3299-2066 |
|
PONTES INDÚSTRIA DE CERA |
|
85 3228-1166 |
|
TEBASA S/A |
|
85 3463-1909 |
|
VICUNHA NORDESTE S/A |
MARACANAÚ/CE |
85 3499-1444 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 37 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1974. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BANDEIRANTE QUÍMICA LTDA |
MAUÁ/SP |
11 4547-9999 |
|
BASF S/A |
|
12 3128-1579 |
|
BRENNTAG QUÍMICA BRASIL |
SÃO PAULO/SP |
11 5545-2100 |
|
CIA AGRO INDUSTRIAL IGARASSU |
IGARASSU/PE |
81 3543-7100 |
|
CLARIANT S/A |
SUZANO/SP |
11 5683-7233 |
|
DEGUSSA BRASIL LTDA |
|
27 3270-8800 |
|
MANUCHAR COM. EXTERIOR |
|
81 3251-2711 |
|
METALLOYS & CHEMICALS COMERCIAL LTDA |
SÃO BERNARDO DO CAMPO/SP |
11 4353-5000 |
|
PERNAMBUCO QUÍMICA S/A |
JABOATÃO DOS GUARARAPES/PE |
81 2123-1400 |
|
WALLUX COMERCIAL QUÍMICA LTDA |
ITAQUAQUECETUBA/SP |
11 4643-2446 |
|
WENDA CO LTDA |
|
11 5531-3197 |
|
PAYMENT HISTORY: |
|
5 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 197.486,00 |
|
|
|
AMOUNT OF INVOICES PAID: 43 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 12.414,00 |
|
HIGHEST CREDIT: R$ 12.414,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 403,00 |
|
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
GOOD PAYMENT BEHAVIOR. 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.62.33 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.