|
Report No. : |
329478 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMERCIAL FEGARO IMPORTAÇÃO E EXPORTAÇÃO EIRELI |
|
|
|
|
Registered Office : |
Rua Da Alfândega, 435 – Brás, 03006-030 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.08.2012 |
|
|
|
|
Legal Form : |
Limited Liability Proprietorship |
|
|
|
|
Line of Business : |
Import, Export and Sale of Food Products. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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. 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 |
COMERCIAL
FEGARO IMPORTAÇÃO E EXPORTAÇÃO EIRELI
|
MAIN ADDRESS: |
RUA DA ALFÂNDEGA, 435 - BRÁS |
|
ZIP CODE/CITY: |
03006-030 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3228-0000 |
|
FAX: |
11 3228-0000 |
|
E-MAIL: |
tavares@larioja.com.br |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN ACTIVITIES: |
|
IMPORT, EXPORT AND SALE OF FOOD PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY PROPRIETORSHIP |
|
|
|
|
INCORPORATION DATE: |
15/08/2012 |
|
REGISTER DATE: |
15/08/2012 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
16.714.846/0001-23 |
|
STATE REGISTER: |
145.563.255.116 |
|
|
|
|
SHARE CAPITAL: |
R$ 400.000,00 |
|
LAST REGISTER OF CAPITAL: |
15/08/2012 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CARLA ANGERAME YELA CONZALEZ |
MANAGER |
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CARLA ANGERAME YELA CONZALEZ |
R$ 400.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
MMBF COMERCIO DE ARTIGOS ESPORTIVOS E ALIMENTOS LTDA |
|
|
LA RIOJA LICENCIAMENTOS |
|
|
THE SUBJECT WAS ESTABLISHED ON AUGUST 15, 2012 AS COMERCIAL LA
FELICITA IMPORTACAO E EXPORTACAO EIRELI TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
ON OCTOBER 01, 2012 IT ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS
STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. OWNERSHIP: CARLA ANGERAME YELA GONZALEZ: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER
OF DOCUMENTS RG 27.974.564-3 SSP/SP AND CPF 281.100.628-14, RESIDENTIAL
ADDRESS AT ALAMEDA JOAQUIM EUGÊNIO DE LIMA, 1600, APTO 03, JARDIM PAULISTA,
ZIP CODE 01403-002, SÃO PAULO/SP. FURTHER DETAILS ARE 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 CASH EQUIVALENTS |
525.114,45 |
195.567,22 |
|
|
CLIENTS |
3.434.717,95 |
1.852.543,72 |
|
|
INVENTORY |
292.330,56 |
837.157,87 |
|
|
GRANTED LOANS |
202.016,00 |
|
|
|
ADVANCE TO SUPPLIERS |
814.186,13 |
54.432,00 |
|
|
ADVANCE TO EMPLOYEES |
1.050,00 |
|
|
|
RECOVERABLE TAXES |
103.003,47 |
129.633,32 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
5.372.418,56 |
3.069.334,13 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
5.372.418,56 |
3.069.334,13 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
SUPPLIERS |
3.548.700,38 |
2.246.336,98 |
|
|
TRIBUTARY OBLIGATIONS |
39.305,32 |
272,83 |
|
|
LABOR OBLIGATIONS |
3.715,76 |
|
|
|
ACCOUNTS PAYABLE |
13.500,00 |
424.836,55 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
3.605.221,46 |
2.671.446,36 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
1.241.501,45 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
1.241.501,45 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
400.000,00 |
400.000,00 |
|
|
ACCRUED PROFIT (LOSS) |
125.695,65 |
-2.112,23 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
525.695,65 |
397.887,77 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
5.372.418,56 |
3.069.334,13 |
|
|
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 |
27.497.104,65 |
2.768.818,48 |
|
|
(-) TAXES ON SALES |
7.961.086,17 |
412.488,49 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
19.536.018,48 |
2.356.329,99 |
|
|
(-) COST OF SOLD GOODS |
17.466.618,51 |
2.259.615,87 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
2.069.399,97 |
96.714,12 |
|
|
OPERATING REVENUE (EXPENSE) |
-1.572.262,80 |
-108.449,76 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-323.817,41 |
9.623,41 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
173.319,76 |
-2.112,23 |
|
|
CONTRIBUTION/INCOME TAX |
-45.511,88 |
|
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
127.807,88 |
-2.112,23 |
|
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.547.658,37 |
|
|
|
FEBRUARY |
R$ 2.170.657,23 |
|
|
|
MARCH |
R$ 2.479.519,47 |
|
|
|
APRIL |
R$ 4.303.888,38 |
|
|
|
MAY |
|
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
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SEPTEMBER |
|
|
|
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OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 10.501.723,45 |
|
|
|
RATIOS: |
31/12/2013 |
31/12/2012 |
|
|
QUICK RATIO |
1,41 |
|
,84 |
|
|
|
|
CURRENT RATIO |
1,49 |
|
1,15 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5,69 |
TIMES |
1,27 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
63,29 |
DAYS |
283,03 |
DAYS |
|
|
|
INVENTORY TURNOVER |
59,75 |
TIMES |
2,70 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
73,14 |
DAYS |
357,88 |
DAYS |
|
|
|
RETURN ON ASSETS |
3,64 |
TIMES |
,77 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
37,16 |
TIMES |
5,92 |
TIMES |
|
|
|
NET WORTH TIE-UP |
|
|
|
|
|
|
|
INDEBTEDNESS |
9,22 |
|
6,71 |
|
|
|
|
EQUITY RATIO |
9,79 |
% |
12,96 |
% |
|
|
|
WORKING CAPITAL RATIO |
49,02 |
% |
14,89 |
% |
|
|
|
GENERAL SOLVENCY |
1,11 |
|
1,15 |
|
|
|
|
RETURN ON NET EQUITY |
24,31 |
% |
-,53 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
,65 |
% |
-,09 |
% |
|
|
|
GROSS PROFIT MARGIN |
10,59 |
% |
4,10 |
% |
|
|
|
OPERATIONAL RESULT |
,89 |
% |
-,09 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
5,42 |
TIMES |
,88 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,10 |
- OFFICIAL RATE ON 30/06/2015 |
|
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 SOARING SALES AND POSTED
PROFIT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
CAIXA ECONÔMICA FEDERAL |
3764 / 11 3055-9105 |
SÃO PAULO/SP |
|
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, EXPORT AND SALE OF FOOD PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
COMERCIAL IMP. E EXPORTADORA CANTAREIRA LTDA. |
SÃO PAULO/SP |
(11) 3328-0000 |
|
MJ LOPES COM DE PRODS. ALIMENTÍCIOS LTDA. |
SÃO PAULO/SP |
(11) 3228-1469 |
|
SIERRA BRASIL COM DE ALIMENTOS E BEBIDAS |
SÃO PAULO/SP |
(11) 3329-9028 |
|
STAFF: |
|
|
|
NOT AVAILABLE |
|
THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, OPERATING SINCE 2012 ONLY.
SO FAR IT HAS SOME PROTESTS REGISTERED BUT APPARENTLY NO FURTHER PAYMENT
PROBLEM IS 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: |
|
JANDIRA COMERCIO DE PRODUTOS ALIMENTÍCIOS LTDA |
PINHAIS/PR |
41 3669-6216 |
|
JTC DISTRIBUIDORA LTDA |
SÃO PAULO/SP |
11 3315-9301 |
|
R.P. SOARES CEREAIS |
IGUATU/CE |
85 3361-2307 |
|
SIERRA BRASIL COM ALIMENTOS E BEBIDAS IMP EXP LTDA |
|
11 3329-9028 |
|
PAYMENT HISTORY: |
|
09 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.256.360,00 |
|
|
|
AMOUNT OF INVOICES PAID: 92 |
|
TOTAL OF PROMPT PAYMENTS: 95,1% |
|
TOTAL OF DELAYED PAYMENTS: 4,9% |
|
|
|
HIGHEST INVOICE: R$ 52.093,00 |
|
HIGHEST CREDIT: R$ 85.000,00 |
|
|
|
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. A CREDIT LIMIT OF US$ 200.000,00 MAY BE CONSIDERED. HIGHER AMOUNTS
SHOULD BE GRANTED WITH SOME CAUTION AS SUBJECT HAS A LOW NET EQUITY AND ONLY
THE EXPRESSIVE AND GROWING SALES ARE THE MAIN SOURCE TO GENERATE THE FUNDS
NECESSARY TO FACE THE FINANCIAL AND TRADE COMMITMENTS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.