|
Report No. : |
304079 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAXFER METAIS LTDA |
|
|
|
|
Registered Office : |
Rua Maestro Gabriel Migliori, 577 ARMAZÉM 1 - Limão02712-140 – São Paulo/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.11.1984 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distribution of Cast-Iron and Non-Ferrous Metals. |
|
|
|
|
No. of Employees : |
24 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
MAXFER
METAIS LTDA
|
MAIN
ADDRESS: |
RUA MAESTRO GABRIEL MIGLIORI,577 ARMAZÉM 1
- LIMÃO |
|
ZIP CODE/CITY: |
02712-140 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3933-3900 |
|
FAX: |
11 3933-3901 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
NOT AVAILABLE |
|
MAIN
ACTIVITIES: |
|
DISTRIBUTION OF CAST-IRON AND NON-FERROUS
METALS. |
|
LEGAL
FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
25/11/1984 |
|
REGISTER DATE: |
25/11/1984 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
66.553.298/0001-75 |
|
STATE REGISTER: |
113.209.483.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
02/03/2012 |
|
BOARD
OF DIRECTORS: |
|
|
|
|
|
MARCELO AUGUSTO FAVARO |
DIRECTOR |
|
GIOVANNA BONOTTO FAVARO |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON
BEHALF OF THE COMPANY. |
|
SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
MARCELO AUGUSTO FAVARO |
80% |
|
GIOVANNA BONOTTO FAVARO |
20% |
|
AFFILIATES
/ SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE |
|
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER
25, 1984 AS "LONGO METAIS LTDA" TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. ON JULY 08, 1991 IT ADOPTED THE NAME "LONGO COM. DE FERRO E AÇO
LTDA" AND ON FEBRUARY 14, 1997 IT ADOPTED THE ABOVE MENTIONED NAME AND
UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME
"MAXFER". PARTNERS: MARCELO AUGUSTO FAVARO: BRAZILIAN, MARRIED,
HOLDER OF DOCUMENTS, RG 15.794.998 SSP/SP AND CPF 054.900.268-55, RESIDENTIAL
ADDRESS AT RUA NABUCO DE ARAUJO, 223, CASA 05, VILA MARIZA MAZZEI - SÃO
PAULO/SP. GIOVANNA BONOTTO FAVARO: BRAZILIAN,
MARRIED, HOLDER OF DOCUMENTS, RG 26.274.009-6 SSP/SP AND CPF 252.803.328-10,
RESIDENTIAL ADDRESS AT RUA NABUCO DE ARAUJO, 223, CASA 05, VILA MARIZA MAZZEI
- SÃO PAULO/SP. FURTHER DETAILS ABOUT THE SUBJECT'S
HISTORY IS SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2013
AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS
|
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
CASH AND BANKS |
366.849,16 |
104.523,07 |
|
|
CLIENTS |
1.589.536,40 |
1.053.583,81 |
|
|
ACCOUNTS RECEIVABLE |
1.930.783,16 |
1.568.379,45 |
|
|
INVENTORY |
5.189.041,53 |
5.264.712,00 |
|
|
RECOVERABLE TAXES |
328.179,25 |
336.633,82 |
|
|
JUDICIAL DEPOSITS |
7.300,00 |
300,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
9.411.689,50 |
8.328.132,15 |
|
|
FIXED
ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
344.526,88 |
434.292,65 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
344.526,88 |
434.292,65 |
|
|
OFF-BALANCE
ACCOUNTS |
900.285,80 |
517.159,87 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
10.656.502,18 |
9.279.584,67 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT:
|
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
SUPPLIERS |
4.112.893,27 |
2.816.872,18 |
|
|
SOCIAL / LABOR OBLIGATIONS |
95.965,80 |
87.549,13 |
|
|
TRIBUTARY OBLIGATIONS |
21.865,95 |
20.536,02 |
|
|
LOANS AND FINANCING |
1.647.789,00 |
1.126.255,26 |
|
|
OTHER |
77.819,02 |
164.129,77 |
|
|
LABOR PROVISIONS |
32.332,60 |
37.963,74 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
5.988.665,64 |
4.253.306,10 |
|
|
NET
EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.000.000,00 |
1.000.000,00 |
|
|
PROFIT RESERVES |
2.767.550,74 |
3.509.118,70 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
3.767.550,74 |
4.509.118,70 |
|
|
OFF-BALANCE
ACCOUNTS |
900.285,80 |
517.159,87 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
10.656.502,18 |
9.279.584,67 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013
AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
GROSS SALES |
13.899.225,35 |
11.083.444,33 |
|
|
(-) TAXES ON SALES |
3.525.210,05 |
2.810.937,31 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
10.374.015,30 |
8.272.507,02 |
|
|
(-) COST OF SOLD GOODS |
9.620.786,86 |
7.162.568,83 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
753.228,44 |
1.109.938,19 |
|
|
OPERATING REVENUE (EXPENSE) |
-1.302.938,25 |
-1.483.944,55 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-212.690,03 |
-193.278,19 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
-762.399,84 |
-567.284,55 |
|
|
NON-OPERATING RESULT |
-1.025,70 |
-289,42 |
|
|
CONTRIBUTION/INCOME TAX |
|
-20.543,01 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
-763.425,54 |
-588.116,98 |
|
|
MONTHLY
SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.074.411,36 |
|
|
|
FEBRUARY |
R$ 1.324.121,18 |
|
|
|
MARCH |
R$ 1.129.276,12 |
|
|
|
APRIL |
R$ 1.429.700,71 |
|
|
|
MAY |
R$ 986.361,02 |
|
|
|
JUNE |
R$ 875.753,39 |
|
|
|
JULY |
R$ 1.054.325,37 |
|
|
|
AUGUST |
R$ 1.324.652,72 |
|
|
|
SEPTEMBER |
R$ 1.346.162,85 |
|
|
|
OCTOBER |
R$ 1.358.234,81 |
|
|
|
NOVEMBER |
R$ 1.384.210,70 |
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 13.287.210,23 |
|
|
|
RATIOS: |
31/12/2013 |
31/12/2012 |
|
|
QUICK RATIO |
,71 |
|
,72 |
|
|
|
|
CURRENT RATIO |
1,57 |
|
1,96 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,53 |
TIMES |
7,85 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
55,16 |
DAYS |
45,85 |
DAYS |
|
|
|
INVENTORY TURNOVER |
1,85 |
TIMES |
1,36 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
153,90 |
DAYS |
141,58 |
DAYS |
|
|
|
RETURN ON ASSETS |
,97 |
TIMES |
,89 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
2,75 |
TIMES |
1,83 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,09 |
|
,10 |
|
|
|
|
INDEBTEDNESS |
1,59 |
|
,94 |
|
|
|
|
EQUITY RATIO |
35,35 |
% |
48,59 |
% |
|
|
|
WORKING CAPITAL RATIO |
57,16 |
% |
95,80 |
% |
|
|
|
GENERAL SOLVENCY |
1,78 |
|
2,18 |
|
|
|
|
RETURN ON NET EQUITY |
-20,26 |
% |
-13,04 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-7,36 |
% |
-7,11 |
% |
|
|
|
GROSS PROFIT MARGIN |
7,26 |
% |
13,42 |
% |
|
|
|
OPERATIONAL RESULT |
-7,35 |
% |
-6,86 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
1,73 |
TIMES |
1,95 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
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 IS NOTED GOOD
CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS
GROWING SALES BUT POSTED NEGATIVE RESULTS. |
|
REAL
ESTATE: |
NOT
AVAILABLE
|
VEHICLES: |
NOT
AVAILABLE
|
MACHINES: |
NOT
AVAILABLE
|
NOT AVAILABLE |
|
|
BRANCH/PHONE: |
|
|
BANCO ITAÚ S/A |
0466
/ 11 4004-1609 |
|
|
BANCO BRADESCO S/A |
0094-9
/ 11 3703-2222 |
|
|
BANCO DO BRASIL S/A |
1494-X
/ 11 2252-2020 |
|
|
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"). |
|
DISTRIBUTION OF CAST-IRON AND NON-FERROUS
METALS. |
|
IMPORT
AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN
CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 24 EMPLOYEE(S) |
|
THE SUBJECT WAS ESTABLISHED IN 1984. 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. |
|
MAIN
SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
NOT AVAILABLE |
|
|
|
PAYMENT
HISTORY: |
|
3 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 16.425,00 |
|
|
|
AMOUNT OF INVOICES PAID: 7 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 3.414,00 |
|
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 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.