MIRA INFORM REPORT

 

 

Report No. :

338358

Report Date :

27.08.2015

 

IDENTIFICATION DETAILS

 

Name :

KOMPORT COMERCIAL IMPORTADORA SA

 

 

Registered Office :

Avenida Mauro Ramos, 1450 Salas 701 E 704 – Centro, 88.020-302 - Florianopolis/Sc

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

03.06.2005

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Import of Goods in General.

 

 

No. of Employees :

101

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. Since 2008, Brazil became a net external creditor and all three of the major 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. After reaching historic lows of 4.5% in early 2014, the unemployment rate remains low, but is rising. Brazil's traditionally high level of income inequality has declined for each of the last 15 years. GDP growth has slowed since 2011, due to several factors, including: overdependence on exports of raw commodities, low productivity, high operational costs, persistently high inflation, and low levels of investment. Brazil’s fiscal and current account balances have eroded during the past four years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. After winning re-election in October 2014 by a historically narrow margin, President Dilma ROUSSEFF appointed a new economic team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity package intended to restore the primary account surplus to 1.2% of GDP and preserve the country’s investment-grade sovereign credit rating. Brazil seeks to strengthen its workforce and its economy over the long run by imposing local content and technology transfer requirements on foreign businesses, by investing in education through social programs such as Bolsa Familia and the Brazil Science Mobility Program, and by investing in research in the areas of space, nanotechnology, healthcare, and energy.

 

Source : CIA

 


Company name

 

KOMPORT COMERCIAL IMPORTADORA SA

 

 

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:

luciano@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 JOĂO MARTINS, S/Nº 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 - SĂO CRISTOVĂO

ZIP CODE/CITY:

76804-037 PORTO VELHO/RO

 

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

ADM./FINANCIAL DIRECTOR

GILBERTO ALVES

OPERATIONS DIRECTOR

 

AUTHORIZED USE OF SIGNATURE:

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

KOMGROUP GESTĂO PARTICIPAÇƠES SOCIETÁRIAS ADM. DE BENS S/A

51%

ALEXANDRE NASCIMENTO SCHAEFER

49%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

KMP AGENCIAMENTO DE CARGAS LTDA

 

KOMPORT COMERCIAL IMPORTADORA LTDA (VITÓRIA/ES)

 

SCHAEFER & SCHAEFER REPRESENTAÇƠES LTDA

 

PHOENIX IMPORTAÇĂO E DSITRIBUIÇĂO 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 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

CASH AND CASH EQUIVALENTS

2.912.389,02

1.399.868,60

1.829.269,31

INVESTMENTS

14.562.149,18

19.615.895,31

17.985.213,11

CLIENTS

131.019.526,64

148.187.824,56

165.731.992,03

INVENTORY

45.404.932,64

46.862.288,59

51.224.153,80

RECOVERABLE TAXES

2.288.043,92

2.197.965,08

2.495.390,93

OTHER

16.406.434,99

14.366.823,91

4.253.081,61

PRE PAID EXPENSES

57.046,37

510.384,24

19.197,23

 

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

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

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

TOTAL CURRENT ASSETS

212.650.522,76

233.141.050,29

243.538.298,02

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

OTHER CREDITS

16.915,38

16.915,38

9.715,38

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

16.915,38

16.915,38

9.715,38

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

16.000,00

1.075.666,00

1.075.666,00

FIXED ASSETS

921.137,57

358.887,65

106.581,10

 

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

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

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

TOTAL FIXED ASSETS

937.137,57

1.434.553,65

1.182.247,10

 

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

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

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

TOTAL ASSETS

213.604.575,71

234.592.519,32

244.730.260,50

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

SUPPLIERS

77.722.220,16

78.769.484,44

110.955.887,22

LOANS AND FINANCING

34.510.925,51

52.749.930,63

41.893.100,22

LABOR OBLIGATIONS

909.979,84

659.312,12

543.966,43

TRIBUTARY OBLIGATIONS

2.903.524,90

2.988.136,59

3.179.601,27

ADVANCE FROM CLIENTS

26.848.110,01

21.315.784,98

16.657.565,99

OTHER

40.012,08

157.273,86

50.000,00

 

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

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

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

TOTAL CURRENT LIABILITIES

142.934.772,50

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

3.019.611,00

RESERVES/TAX INCENTIVES

60.965.804,32

60.965.804,32

54.924.419,55

ACCRUED PROFIT (LOSS)

 

9.711.181,38

13.506.108,82

CAPITAL RESERVES

6.684.387,89

 

 

 

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

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

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

TOTAL NET EQUITY

70.669.803,21

73.696.596,70

71.450.139,37

 

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

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

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

TOTAL LIABILITIES

213.604.575,71

234.592.519,32

244.730.260,50

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012.

( FIGURES ARE IN REAIS ).

 

 

31/12/2014

31/12/2013

31/12/2012

 

 

 

 

NET SALES

346.637.269,76

311.589.922,95

438.872.990,67

(-) COST OF SOLD GOODS

335.283.652,46

302.229.923,92

418.917.397,50

 

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

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

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

GROSS PROFIT

11.353.617,30

9.359.999,03

19.955.593,17

OPERATING REVENUE (EXPENSE)

-7.532.406,44

-7.346.821,86

-6.995.169,81

FINANCIAL REVENUE(EXPENSE)

1.814.752,11

2.728.207,59

-4.965.078,32

 

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

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

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

OPERATIONAL PROFIT (LOSS)

5.635.962,97

4.741.384,76

7.995.345,04

NON-OPERATING RESULT

616.705,13

 

-126.297,94

CONTRIBUTION/INCOME TAX

-2.067.689,38

-1.578.876,72

-2.718.470,53

 

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

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

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

NET PROFIT (LOSS)

4.184.978,72

3.162.508,04

5.150.576,57

 

RATIOS:

31/12/2014

31/12/2013

31/12/2012

 

QUICK RATIO

1,17

 

1,19

 

1,11

 

CURRENT RATIO

1,49

 

1,49

 

1,41

 

ACCOUNTS RECEIVABLE TURNOVER

2,65

TIMES

2,10

TIMES

2,65

TIMES

DAYS' SALES IN RECEIVABLES

136,07

DAYS

171,21

DAYS

135,95

DAYS

INVENTORY TURNOVER

7,38

TIMES

6,45

TIMES

8,18

TIMES

ACCOUNTS PAYABLE PERIOD

83,45

DAYS

93,83

DAYS

95,35

DAYS

RETURN ON ASSETS

1,62

TIMES

1,33

TIMES

1,79

TIMES

SALES TURNOVER ON NET EQUITY

4,91

TIMES

4,23

TIMES

6,14

TIMES

NET WORTH TIE-UP

,01

 

,00

 

,00

 

INDEBTEDNESS

2,02

 

2,18

 

2,43

 

EQUITY RATIO

33,08

%

31,41

%

29,20

%

WORKING CAPITAL RATIO

48,77

%

48,84

%

40,55

%

GENERAL SOLVENCY

1,49

 

1,46

 

1,41

 

RETURN ON NET EQUITY

5,92

%

4,29

%

7,21

%

RETURN ON SALES (PROFIT MARGIN)

1,21

%

1,02

%

1,17

%

GROSS PROFIT MARGIN

3,28

%

3,00

%

4,55

%

OPERATIONAL RESULT

1,63

%

1,52

%

1,82

%

SALES TURNOVER ON LIABILITIES

2,43

TIMES

1,99

TIMES

2,53

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 3,54

 - OFFICIAL RATE ON 24/08/2015

US$ 1,00 = R$ 2,65

 - OFFICIAL RATE ON 31/12/2014

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 VERY HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL. IN ADDITION IT SHOWS RECOVERY IN SALES AND POSTED PROFIT.

 

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"). DATE RESEARCHED AUGUST 24, 2015.

 

ACTIVITIES COMMENTS:

 

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

 

NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE):

46.49-4-99 - WHOLESALE OF OTHER EQUIPMENT AND ARTICLES FOR PERSONAL AND DOMESTIC USE N.E.C.

46.46-0-02 - WHOLESALE OF PERSONAL HYGIENE PRODUCTS

46.46-0-01 - WHOLESALE OF COSMETICS AND PERFUMERY PRODUCTS

46.35-4-03 - WHOLESALE OF BEVERAGE AND ASSOCIATED BOTTLING

46.44-3-01 - WHOLESALE OF MEDICINES AND DRUGS FOR HUMAN

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

NOT AVAILABLE.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 101 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT:

 

THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2005. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL 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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE.

 

 

 

PAYMENT HISTORY:

 

02 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 10.800,00

 

AMOUNT OF INVOICES PAID: 6

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 4.115,00

HIGHEST CREDIT: R$ 4.115,00

 

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.66.16

UK Pound

1

Rs.103.87

Euro

1

Rs.75.89

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.