MIRA
INFORM REPORT
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Report No. : |
304077 |
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Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
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Name : |
D&D MANUFATUREIRA LTDA |
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Registered Office : |
Avenida Alberto Jafet, 662 /674 - Jardim Marilene, Zip Code 09.951-110 - Diadema/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.08.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Engaged in wiredrawing and cold lamination, polishing and peeling of specials steels, stainless steels and special leagues, destined for the industries in general. · Subject is specialist in special bars and rods varied finishes, alloys and standards according to specifications. |
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No of Employees : |
93 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Brazil |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
Company name
D&D
MANUFATUREIRA LTDA
company ADDRESSES
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MAIN ADDRESS: |
AVENIDA ALBERTO JAFET,662 /674 - JARDIM MARILENE |
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ZIP CODE/CITY: |
09.951-110 - DIADEMA/SP |
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PHONE: |
11 4072-4222 |
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FAX: |
11 4072-4222 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL DATA
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MAIN ACTIVITIES: |
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·
Engaged
in wiredrawing and cold lamination, polishing and peeling of specials steels,
stainless steels and special leagues, destined for the industries in general. ·
Subject
is specialist in special bars and rods varied finishes, alloys and standards
according to specifications. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
14/08/1997 |
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REGISTER DATE: |
14/08/1997 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
02.044.053/0001-30 |
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STATE REGISTER: |
286.156.576.113 |
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SHARE CAPITAL: |
R$ 1.000.000,00 |
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LAST REGISTER OF CAPITAL: |
06/06/2007 |
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BOARD OF
DIRECTORS: |
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ANDREA VICENTINO ALBERTO |
MANAGING PARTNER |
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PAULO JOSE DIEBE |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS / PARTNERS: |
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PAULO JOSE DIEBE |
50% |
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ANDREA VICENTINO ALBERTO |
50% |
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AFFILIATES /
SUBSIDIARIES: |
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NEW POINT MOTORCYCLES LTDA |
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D&D TREFILAÇĂO DE TUBOS LTDA |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON AUGUST 14, 1997 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY HAS THE ISO 9001:2008 CERTIFICATION. PARTNERS: PAULO JOSE DIEBE: BRAZILIAN, HOLDER OF DOCUMENTS CPF 008.523.888-02
AND RG 10.782.399-8-SP, RESIDENTIAL ADDRESS AT AVENIDA. 31 DE MARÇO 2147,
JARDIM BORBOREMA, ZIP CODE 09870-250, SĂO BERNARDO DO CAMPO/SP; ANDREA VICENTINO ALBERTO: BRAZILIAN, HOLDER OF DOCUMENTS CPF
166.153.988-26 AND RG 23.118.986-2-SP, RESIDENTIAL ADDRESS AT RUA BARAO DE
PARANAPIACABA 42, APTO 11, JARDIM DOS CAMPEŐES, ZIP CODE 09950-420,
DIADEMA/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC INFORMATION: |
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PROTESTS: |
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1 PROTEST,TOTAL AMOUNT R$
2.238,18 |
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DETAILS OF PROTEST: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1ş CARTORIO DE DIADEMA/SP |
12/07/2012 |
R$ 2.238,18 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
MUNICIPAL LAWSUIT |
29/11/13 |
VARA DE SP-DIADEMA |
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FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2013 AND 31/12/2012. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2013 |
31/12/2012 |
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CASH AND BANKS |
149.200,07 |
286.427,41 |
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CLIENTS |
5.904.723,40 |
3.017.237,82 |
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INVENTORY |
12.103.656,68 |
14.016.234,89 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
18.157.580,15 |
17.319.900,12 |
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LONG-TERM
RECEIVABLES: |
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INVESTMENTS |
575.779,54 |
547.193,35 |
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---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
575.779,54 |
547.193,35 |
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FIXED ASSETS: |
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FIXED ASSETS |
2.529.505,77 |
2.919.428,33 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
2.529.505,77 |
2.919.428,33 |
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================ |
================ |
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TOTAL ASSETS |
21.262.865,46 |
20.786.521,80 |
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LIABILITIES: |
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CURRENT: |
31/12/2013 |
31/12/2012 |
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SUPPLIERS |
1.630.250,22 |
2.231.803,84 |
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LOANS AND FINANCING |
108.513,89 |
603.228,22 |
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SOCIAL / LABOR OBLIGATIONS |
186.348,21 |
168.460,99 |
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TAX LIABILITIES |
455.366,34 |
323.153,97 |
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CURRENT ACCOUNTS WITH PARTNERS |
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208.140,34 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
2.380.478,66 |
3.534.787,36 |
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LONG TERM
LIABILITIES: |
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LOANS AND FINANCING |
2.602.702,89 |
1.277.994,34 |
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---------------- |
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TOTAL LONG TERM LIABILITIES |
2.602.702,89 |
1.277.994,34 |
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NET EQUITY: |
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SHARE CAPITAL |
1.000.000,00 |
1.000.000,00 |
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ACCRUED PROFIT (LOSS) |
13.958.409,18 |
12.989.427,32 |
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PROFIT (LOSS) OF PERIOD |
1.321.274,73 |
1.984.312,78 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
16.279.683,91 |
15.973.740,10 |
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================ |
================ |
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TOTAL LIABILITIES |
21.262.865,46 |
20.786.521,80 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013 AND 31/12/2012. |
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( FIGURES ARE IN REAIS ). |
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31/12/2013 |
31/12/2012 |
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GROSS SALES |
37.153.622,34 |
39.515.984,12 |
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(-) TAXES ON SALES |
11.371.124,19 |
12.470.978,39 |
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---------------- |
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NET SALES |
25.782.498,15 |
27.045.005,73 |
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(-) COST OF SOLD GOODS |
15.863.613,57 |
10.167.402,91 |
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GROSS PROFIT |
9.918.884,58 |
16.877.602,82 |
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OPERATING REVENUE (EXPENSE) |
-7.848.980,08 |
-13.991.097,98 |
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FINANCIAL REVENUE(EXPENSE) |
-214.203,77 |
-274.341,64 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
1.855.700,73 |
2.612.163,20 |
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CONTRIBUTION/INCOME TAX |
-534.426,00 |
-627.850,42 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
1.321.274,73 |
1.984.312,78 |
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MONTHLY SALES |
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2014 |
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--------------------- |
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JANUARY |
R$ 2.591.741,43 |
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FEBRUARY |
R$ 2.957.884,34 |
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MARCH |
R$ 2.806.992,50 |
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APRIL |
R$ 2.467.113,01 |
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MAY |
R$ 2.146.988,53 |
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JUNE |
R$ 2.101.099,17 |
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JULY |
R$ 2.923.783,64 |
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AUGUST |
R$ 2.823.333,59 |
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SEPTEMBER |
R$ 3.037.016,41 |
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OCTOBER |
R$ 3.247.586,35 |
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NOVEMBER |
R$ 2.809.432,94 |
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DECEMBER |
R$ 2.441.806,50 |
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TOTAL |
R$ 32.354.778,41 |
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RATIOS: |
31/12/2013 |
31/12/2012 |
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QUICK RATIO |
2,54 |
|
,93 |
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CURRENT RATIO |
7,63 |
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4,90 |
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ACCOUNTS RECEIVABLE TURNOVER |
4,37 |
TIMES |
8,96 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
82,45 |
DAYS |
40,16 |
DAYS |
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INVENTORY TURNOVER |
1,31 |
TIMES |
,73 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
37,00 |
DAYS |
79,02 |
DAYS |
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RETURN ON ASSETS |
1,21 |
TIMES |
1,30 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
1,58 |
TIMES |
1,69 |
TIMES |
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NET WORTH TIE-UP |
,16 |
|
,18 |
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INDEBTEDNESS |
,31 |
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,30 |
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EQUITY RATIO |
76,56 |
% |
76,85 |
% |
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WORKING CAPITAL RATIO |
662,77 |
% |
389,98 |
% |
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GENERAL SOLVENCY |
4,27 |
|
4,32 |
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RETURN ON NET EQUITY |
8,12 |
% |
12,42 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
5,12 |
% |
7,34 |
% |
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GROSS PROFIT MARGIN |
38,47 |
% |
62,41 |
% |
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OPERATIONAL RESULT |
7,20 |
% |
9,66 |
% |
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SALES TURNOVER ON LIABILITIES |
10,83 |
TIMES |
7,65 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,58 |
- OFFICIAL RATE ON 23/01/2015 |
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US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
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US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
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US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED DROP IN SALES BUT POSTED PROFITABLE
RESULTS. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
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NOT AVAILABLE. |
BANKING REFERENCES
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BRANCH/PHONE: |
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BANCO ITAÚ S/A |
9231 / 4004-1621 |
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BANCO DO BRASIL S/A |
3357-X / 2833-6328 |
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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"). |
ACTIVITIES COMMENTS
|
·
Engaged
in wiredrawing and cold lamination, polishing and peeling of specials steels,
stainless steels and special leagues, destined for the industries in general. ·
Subject
is specialist in special bars and rods varied finishes, alloys and standards
according to specifications. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA. TOTAL, US$ 2.500.000,00 (ANNUALLY). |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 93 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1997. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE
REPUTATION. THE PROTEST FOUND IS CONSIDERED IRRELEVANT. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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NOT AVAILABLE. |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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VIRAJ |
INDIA |
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PAYMENT HISTORY: |
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8 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 87.511,00 |
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AMOUNT OF INVOICES PAID: 34 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 15.987,00 |
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HIGHEST CREDIT: R$ 15.987,00 |
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.61.50 |
|
UK Pound |
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.