|
Report No. : |
353259 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HGV IMPORT & EXPORT LTDA – EPP |
|
|
|
|
Registered Office : |
Avenida Desembargador Santos Neves, 389 Sala 405, Edifício Escort - Praia Do Canto, 29055-722 - Vitória/ES |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
18.08.2011 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Foreign Trade (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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. 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. 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.
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 reelection 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 |
HGV IMPORT &
EXPORT LTDA - EPP
|
MAIN ADDRESS: |
AVENIDA DESEMBARGADOR SANTOS NEVES, 389 SALA 405, EDIFÍCIO ESCORT -
PRAIA DO CANTO |
|
ZIP CODE/CITY: |
29055-722 - VITÓRIA/ES |
|
|
|
|
PHONE: |
27 3026-4437 |
|
FAX: |
27 3026-4437 |
|
E-MAIL: |
helioabreu@hgvbrasil.com |
|
WEB SITE: |
www.hgvbrasil.com |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN ACTIVITIES: |
|
FOREIGN TRADE. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
18/08/2011 |
|
REGISTER DATE: |
18/08/2011 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
14.158.578/0001-85 |
|
STATE REGISTER: |
82.819.564 |
|
|
|
|
SHARE CAPITAL: |
R$ 250.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
HELIO BATISTA DE ABREU |
MANAGING PARTNER |
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
HELIO BATISTA DE ABREU |
98% |
|
MARIA DAS GRAÇAS DE SOUZA ABREU |
2% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
HELIO B ABREU PRESTAÇÃO DE SERVIÇOS ME |
|
|
ALOHA VIAGENS E TURISMO LTDA ME |
|
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 18, 2011 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA DESEMBARGADOR SANTOS NEVES,
389 SALA 401, VITÓRIA/ES) TO THE PRESENT REGISTERED ONE. PARTNERS: HELIO BATISTA DE ABREU: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS RG 0594312-3 IFP/RJ AND CPF 619.538.497-68, RESIDENTIAL ADDRESS AT
RUA FLORIANÓPOLIS, 212, PARQUE JACARAIPE, ZIP CODE 29175-496, SERRA/ES; MARIA DAS GRAÇAS DE SOUZA ABREU: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS RG 006.560.311-0 IFP/RJ AND CPF 789.283.897-04,
RESIDENTIAL ADDRESS AT RUA FLORIANÓPOLIS, 212, PARQUE JACARAIPE, ZIP CODE
29175-496, SERRA/ES. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
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 BANKS |
537.266,64 |
164.439,96 |
74.522,70 |
|
CLIENTS |
72.104,15 |
275.533,57 |
136.166,77 |
|
INVENTORY |
163.512,89 |
133.377,35 |
100.122,99 |
|
ACCOUNTS RECEIVABLE |
|
|
59.481,16 |
|
ADVANCES |
40.323,57 |
32.726,79 |
|
|
TAX CREDITS |
494,07 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
813.701,32 |
606.077,67 |
370.293,62 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
183.308,18 |
1.119,30 |
1.439,10 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
183.308,18 |
1.119,30 |
1.439,10 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
997.009,50 |
607.196,97 |
371.732,72 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
184.875,02 |
181.225,02 |
19.490,90 |
|
LOANS AND FINANCING |
17.000,00 |
27.000,00 |
27.000,00 |
|
SOCIAL / LABOR OBLIGATIONS |
2.678,28 |
3.659,18 |
2.163,73 |
|
TAX LIABILITIES |
8.169,50 |
7.546,68 |
7.399,47 |
|
OBLIGATIONS/THIRD PARTIES |
72.967,97 |
1.054,70 |
3.932,72 |
|
ADVANCES |
240.378,91 |
35.150,59 |
29.484,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
526.069,68 |
255.636,17 |
89.470,82 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
100.276,05 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
100.276,05 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
250.000,00 |
250.000,00 |
100.000,00 |
|
CAPITAL RESERVES |
|
|
100.000,00 |
|
PROFIT RESERVES |
101.356,56 |
101.560,80 |
82.261,90 |
|
PROFIT (LOSS) OF PERIOD |
19.307,21 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
370.663,77 |
351.560,80 |
282.261,90 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
997.009,50 |
607.196,97 |
371.732,72 |
|
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 |
|
|
|
|
|
|
GROSS SALES |
506.868,62 |
1.171.392,50 |
432.160,17 |
|
(-) TAXES ON SALES |
29.553,22 |
41.322,47 |
62.109,43 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
477.315,40 |
1.130.070,03 |
370.050,74 |
|
(-) COST OF SOLD GOODS |
335.562,19 |
835.065,34 |
177.766,37 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
141.753,21 |
295.004,69 |
192.284,37 |
|
OPERATING REVENUE (EXPENSE) |
-137.521,83 |
-222.786,53 |
-98.646,94 |
|
FINANCIAL REVENUE(EXPENSE) |
15.580,03 |
-2.046,41 |
8.514,16 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
19.811,41 |
70.171,75 |
102.151,59 |
|
NON-OPERATING RESULT |
-504,20 |
-43,98 |
-484,79 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
19.307,21 |
70.127,77 |
101.666,80 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,24 |
|
1,85 |
|
3,02 |
|
|
CURRENT RATIO |
1,55 |
|
2,37 |
|
4,14 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,62 |
TIMES |
4,10 |
TIMES |
2,72 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
54,38 |
DAYS |
87,78 |
DAYS |
132,47 |
DAYS |
|
INVENTORY TURNOVER |
2,05 |
TIMES |
6,26 |
TIMES |
1,78 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
198,34 |
DAYS |
78,13 |
DAYS |
39,47 |
DAYS |
|
RETURN ON ASSETS |
,48 |
TIMES |
1,86 |
TIMES |
1,00 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,29 |
TIMES |
3,21 |
TIMES |
1,31 |
TIMES |
|
NET WORTH TIE-UP |
,49 |
|
,00 |
|
,01 |
|
|
INDEBTEDNESS |
1,69 |
|
,73 |
|
,32 |
|
|
EQUITY RATIO |
37,18 |
% |
57,90 |
% |
75,93 |
% |
|
WORKING CAPITAL RATIO |
54,68 |
% |
137,09 |
% |
313,87 |
% |
|
GENERAL SOLVENCY |
1,59 |
|
2,38 |
|
4,15 |
|
|
RETURN ON NET EQUITY |
5,21 |
% |
19,95 |
% |
36,02 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
4,05 |
% |
6,21 |
% |
27,47 |
% |
|
GROSS PROFIT MARGIN |
29,70 |
% |
26,11 |
% |
51,96 |
% |
|
OPERATIONAL RESULT |
4,15 |
% |
6,21 |
% |
27,60 |
% |
|
SALES TURNOVER ON LIABILITIES |
,91 |
TIMES |
4,42 |
TIMES |
4,14 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,75 |
- OFFICIAL RATE ON 04/12/2015 |
|
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 HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING
CAPITAL, CONSIDERED SUFFCIIENTT TO COVER THE SHORT TERM DEBTS. SALES DROPPED
BUT POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
180.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 1.599,00
|
NOT AVAILABLE. |
|
|
|
|
|
BANCO BANESTES S/A |
|
|
|
BANCO SANTANDER (BRASIL) S/A |
|
|
|
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"). |
|
IMPORT AND EXPORT ON OWN ACCOUNT OR ON THE ACCOUNT OF OTHERS OF
PRODUCTS IN GENERAL. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 46.79-6-02 - WHOLESALE OF MARBLE AND GRANITE 46.47-8-01 - WHOLESALE OF OFFICE SUPPLY AND STATIONERY ARTICLES 46.49-4-05 - WHOLESALE OF TAPESTRY AND CURTAINS 46.42-7-01 - WHOLESALE OF WEARING APPAREL AND ACCESSORIES 46.43-5-01 - WHOLESALE OF FOOTWEAR |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
FRUTICULA ITAPARICA EIRELI |
|
|
|
HORTO CENTRAL MARATAIZES LTDA |
|
|
|
ITAPECOA GRANITOS E MÁRMORES LTDA |
|
|
|
JD COM DE PISCINAS LTDA |
|
|
|
MARMORES PRATES GRANITOS LTDA |
|
|
|
NOVA ERA COM IMPORTAÇÃO E EXPORTAÇÃO |
|
|
|
ROTTA COMERCIAL LTDA |
|
|
|
FOREIGN CLIENTS: |
|
|
|
BK STONE CO |
|
|
|
FREE TRUE MARBLE LIMITED |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1 EMPLOYEE(S) |
|
THE SUBJECT IS FAMILY-OWNED COMPANY, OPERATING SINCE 2011. 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 ACTIVITY. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
ACIMAQ EQUIPAMENTOS INDUSTRIAIS E COMERCIO |
|
|
|
CATEGRAN GRANITOS DO BRASIL |
|
|
|
MINERAÇÃO CLAROS DIAS LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
|
|
|
GINGDAO FACTUM ENTERPRISE LIMITED |
|
|
|
PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
|
BASED ON THE GENERAL
INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE
ESTABLISHED. CREDIT FACILITIES AT ITS TURN, SHOULD BE LIMITED TO SMALL
AMOUNTS ONLY OR BE CARRIED OUT UNDER FULLY SECURED TERMS AS THE SUBJECT HAS
LOW FINANCIAL POWER. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
BRL |
1 |
Rs.17.30 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.