|
Report No. : |
333064 |
|
Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
T & T DISTRIBUIDORA DE ALIMENTOS LTDA. |
|
|
|
|
Registered Office : |
Rua Benjamin De Oliveira,463 / 467 – Brás 03006-020 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
18.01.1999 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distribution of food products. |
|
|
|
|
No. of Employees : |
17 |
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 |
T & T
DISTRIBUIDORA DE ALIMENTOS LTDA.
|
MAIN ADDRESS: |
RUA BENJAMIN DE OLIVEIRA,463 / 467 - BRÁS |
|
ZIP CODE/CITY: |
03006-020 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3227-0955 |
|
FAX: |
11 3227-9444 |
|
E-MAIL: |
maria@tetcereais.com.br |
|
WEB SITE: |
www.tetcereais.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA BENJAMIM DE OLIVEIRA,464 - BRÁS |
|
ZIP CODE/CITY: |
03006-020 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RUA MONSENHOR ANDRADE,601 - BRÁS |
|
ZIP CODE/CITY: |
03008-000 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RUA BENJAMIM DE OLIVEIRA,481 / 487 - BRÁS |
|
ZIP CODE/CITY: |
03006-020 SÃO PAULO/SP |
|
DISTRIBUTION OF FOOD PRODUCTS. |
|
LIMITED
LIABILITY COMPANY |
|
|
|
|
|
18/01/1999 |
|
|
18/01/1999 |
|
|
31/12 |
|
|
02.957.598/0001-37 |
|
|
115.449.817.118 |
|
|
|
|
|
R$ 500.000,00 |
|
|
20/09/2012 |
|
|
LEGAL FORM: |
|
|
|
INCORPORATION DATE: |
|
REGISTER DATE: |
|
BALANCE SHEET FILING DATE: |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
|
STATE REGISTER: |
|
|
|
SHARE CAPITAL: |
|
LAST REGISTER OF CAPITAL: |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSÉ TARCIZO APARECIDO THOMAZ |
MANAGING PARTNER |
|
ANTONIO SERGIO SIMONE |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JOSÉ TARCIZO APARECIDO THOMAZ |
50% |
|
ANTONIO SERGIO SIMONE |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE |
|
|
THE SUBJECT WAS ESTABLISHED IN JANUARY 18, 1999 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNER: ANTONIO SERGIO SIMONE: BRAZILIAN, MARRIED, TRADER, HOLDER OF DOCUMENTS
RG # 18.453.885 AND CPF # 094.855.248-46, RESIDENTIAL ADDRESS AT, TRAVESSA
ANTONIO TENORIO DE ALBUQUERQUE, # 7, SÃO PAULO/SP. JOSÉ TARCIZO APARECIDO THOMAZ, BRAZILIAN, MARRIED, TRADER, HOLDER OF
DOCUMENTS, RG # 18.325.358 AND CPF # 072.920.458-80, RESIDENTIAL ADDRESS AT,
RUA CAVOUR, 1.041, SÃO PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING
FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO
COMPLETE THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SENT TO YOUR ATTENTION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL RECORDS WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
281.024,08 |
154.825,79 |
79.726,17 |
|
CLIENTS |
792.916,43 |
3.029.952,38 |
1.409.348,25 |
|
RECOVERABLE TAXES |
3.846,42 |
60.885,52 |
16.645,49 |
|
INVENTORY |
3.814.331,58 |
2.040.246,20 |
1.454.526,50 |
|
ADVANCES |
94.535,95 |
82.751,98 |
110.806,40 |
|
PRE PAID EXPENSES |
|
|
14.529,59 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
4.986.654,46 |
5.368.661,87 |
3.085.582,40 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
95.497,58 |
343.347,58 |
338.085,11 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
95.497,58 |
343.347,58 |
338.085,11 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
5.082.152,04 |
5.712.009,45 |
3.423.667,51 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
3.431.879,11 |
2.702.478,59 |
1.049.264,65 |
|
TRIBUTARY OBLIGATIONS |
3.460,22 |
144.621,38 |
196.261,36 |
|
SOCIAL / LABOR OBLIGATIONS |
27.648,62 |
62.293,04 |
36.804,56 |
|
ADVANCE FROM CLIENTS |
|
75.309,70 |
|
|
ACCOUNTS PAYABLE |
|
|
4.602,23 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.462.987,95 |
2.984.702,71 |
1.286.932,80 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
500.000,00 |
500.000,00 |
200.000,00 |
|
ACCRUED PROFIT (LOSS) |
1.119.164,09 |
2.227.306,74 |
1.936.734,71 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.619.164,09 |
2.727.306,74 |
2.136.734,71 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
5.082.152,04 |
5.712.009,45 |
3.423.667,51 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
GROSS SALES |
9.529.319,45 |
9.700.969,05 |
9.137.452,78 |
|
(-) TAXES ON SALES |
1.040.972,90 |
1.553.430,35 |
1.243.146,14 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
8.488.346,55 |
8.147.538,70 |
7.894.306,64 |
|
(-) COST OF SOLD GOODS |
6.305.840,15 |
5.673.570,81 |
5.260.006,84 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
2.182.506,40 |
2.473.967,89 |
2.634.299,80 |
|
OPERATING REVENUE (EXPENSE) |
-1.975.786,58 |
-1.470.037,74 |
-1.288.729,87 |
|
FINANCIAL REVENUE(EXPENSE) |
-247.798,09 |
-2.940,83 |
-4.862,05 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-41.078,27 |
1.000.989,32 |
1.340.707,88 |
|
CONTRIBUTION/INCOME TAX |
-12.483,58 |
-190.416,69 |
-262.019,71 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-53.561,85 |
810.572,63 |
1.078.688,17 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 790.817,94 |
|
|
|
FEBRUARY |
R$ 839.902,25 |
|
|
|
MARCH |
R$ 967.885,73 |
|
|
|
APRIL |
R$ 1.058.113,23 |
|
|
|
MAY |
R$ 928.403,14 |
|
|
|
JUNE |
R$ 771.203,08 |
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 5.356.325,37 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,34 |
|
1,12 |
|
1,27 |
|
|
CURRENT RATIO |
1,44 |
|
1,80 |
|
2,40 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
10,71 |
TIMES |
2,69 |
TIMES |
5,60 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
33,63 |
DAYS |
133,88 |
DAYS |
64,27 |
DAYS |
|
INVENTORY TURNOVER |
1,65 |
TIMES |
2,78 |
TIMES |
3,62 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
195,93 |
DAYS |
171,48 |
DAYS |
71,81 |
DAYS |
|
RETURN ON ASSETS |
1,67 |
TIMES |
1,43 |
TIMES |
2,31 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
5,24 |
TIMES |
2,99 |
TIMES |
3,69 |
TIMES |
|
NET WORTH TIE-UP |
,06 |
|
,13 |
|
,16 |
|
|
INDEBTEDNESS |
2,14 |
|
1,09 |
|
,60 |
|
|
EQUITY RATIO |
31,86 |
% |
47,75 |
% |
62,41 |
% |
|
WORKING CAPITAL RATIO |
44,00 |
% |
79,87 |
% |
139,76 |
% |
|
GENERAL SOLVENCY |
1,47 |
|
1,91 |
|
2,66 |
|
|
RETURN ON NET EQUITY |
-3,31 |
% |
29,72 |
% |
50,48 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-,63 |
% |
9,95 |
% |
13,66 |
% |
|
GROSS PROFIT MARGIN |
25,71 |
% |
30,36 |
% |
33,37 |
% |
|
OPERATIONAL RESULT |
-,48 |
% |
12,29 |
% |
16,98 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,45 |
TIMES |
2,73 |
TIMES |
6,13 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,38 |
- OFFICIAL RATE ON 28/07/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
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 SOMEHOW HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS PROFITABILITY. REMARKS: -------- A REQUEST FOR THE 2013 BALANCE SHEET HAS BEEN SENT TO THE COMPANY.
PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY
REPORT WILL BE SEND TO YOUR ATTENTION. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
0278-0 / 11 3703-0959 |
|
|
BANCO ITAÚ S/A |
0003 / 11 3229-9600 |
|
|
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"). DATE RESEARCHED: JULY 28, 2015. |
|
THE SUBJECT IS ENGAGED IN THE DISTRIBUTION OF FOOD PRODUCTS. MAIN PRODUCTS: GRAINS AND CEREALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, PERU, INDONESIA, ARGENTINA, TURKEY AND CHINA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
YOKI ALIMENTOS |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 17 EMPLOYEE(S) |
|
SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1999. SO FAR IT
HAS A CLEAR TRADE HISTORY AND MODEST 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: |
|
|
|
HOGAS |
|
|
|
MAD PRODUCT |
|
|
|
PACIFIC NUT |
|
|
|
POLIKRAFT |
|
|
|
STAR TRADE |
|
|
|
TC REPRESENTAÇÕES |
|
|
|
PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
|
(RESEARCH DATE: JUL 29,2015) |
|
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. |
|
REPORTING DATE 29/07/2015 MAGNO |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
UK Pound |
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.