|
Report No. : |
325256 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICC INDUSTRIAL COMÉRCIO EXPORTAÇÃO E IMPORTAÇÃO LTDA |
|
|
|
|
Registered Office : |
Avenida Brigadeiro Faria Lima, 1768 4º. Andar, Conjunto 4 C - Jardim Paulistano, 01452-001 - São Paulo/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
25.05.1992 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Import, export and wholesale of agricultural raw materials. |
|
|
|
|
No. of Employees : |
98 Employee(s) |
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 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. 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. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 15 years. Rising inflation led the authorities to take measures to cool the economy in 2011; these actions and the deteriorating international economic situation slowed growth in 2011-14. Brazil’s fiscal and current account balances have eroded during the past three years as the government attempted to boost economic growth through targeted tax cuts for industry and incentives to spur household consumption. President Dilma ROUSSEFF has indicated that her government in her second term will pursue more austere fiscal policies to reduce these imbalances and preserve the country’s credit rating.
|
Source
: CIA |
ICC INDUSTRIAL COMÉRCIO
EXPORTAÇÃO E IMPORTAÇÃO LTDA
|
MAIN ADDRESS: |
AVENIDA BRIGADEIRO FARIA LIMA, 1768 4º. ANDAR, CONJUNTO 4 C - JARDIM
PAULISTANO |
|
ZIP CODE/CITY: |
01452-001 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3093-0791 |
|
FAX: |
11 3816-7661 |
|
E-MAIL: |
financeiro@iccbrazil.com.br |
|
WEB SITE: |
http://www.yeastbrazil.com |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA 28 DE SETEMBRO, 123 - BAIRRO MACUCO |
|
ZIP CODE/CITY: |
11015-110 SANTOS/SP |
|
PHONE: |
13 3321-9844 |
|
FAX: |
13 3321-9847 |
|
CNPJ: |
68.102.011/0003-88 |
|
STATE REGISTER: |
633.110.539.113 |
|
|
|
|
ADDRESS: |
RUA JAIRO ZUCARI, 101 SALA 01 - JARDIM NOSSA SENHORA DA GRAÇA |
|
ZIP CODE/CITY: |
18618-002 BOTUCATU/SP |
|
PHONE: |
14 3813-0331 |
|
CNPJ: |
68.102.011/0004-69 |
|
STATE REGISTER: |
224.102.880.111 |
|
|
|
|
ADDRESS: |
RODOVIA OSNI MATEUS - SP 261, KM 120 CAIXA POSTAL 31 DISTRITO
INDUSTRIAL CERAMISTA |
|
ZIP CODE/CITY: |
17290-000 MACATUBA/SP |
|
PHONE: |
14 3268-1690 |
|
CNPJ: |
68.102.011/0005-40 |
|
STATE REGISTER: |
428.014.659.113 |
|
MAIN ACTIVITIES: |
|
IMPORT, EXPORT AND WHOLESALE OF AGRICULTURAL RAW MATERIALS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
25/05/1992 |
|
REGISTER DATE: |
25/05/1992 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
68.102.011/0001-16 |
|
STATE REGISTER: |
113.629.534.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 5.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
09/09/2013 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
GLYCON DUARTE SANTOS |
MANAGING PARTNER |
|
JOSE CALASANS DE SEIXAS SALLES NETO |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
GLYCON DUARTE SANTOS |
R$ 2.500.000,00 |
|
JOSE CALASANS DE SEIXAS SALLES NETO |
R$ 2.500.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ICC ARMAZENS GERAIS LTDA |
|
|
ICC CHINA |
|
|
ICC UK |
|
|
ICC INDIA |
|
|
ICC USA |
|
|
THE SUBJECT WAS ESTABLISHED ON MAY 25, 1992 AS "I C C - COMERCIO
EXPORTACAO E IMPORTACAO LTDA" TO BE ENGAGED IN THE SAID LINE OF
BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS
STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. PARTNERS: JOSÉ CALASANS DE SEIXAS SALLES NETO: BRAZILIAN, MARRIED, ENTREPRENEUR,
HOLDER OF DOCUMENTS, RG 6.838.105-0 SSP/SP, CPF 114.590.768-77, RESIDENTIAL
ADDRESS AT RUA INDIANA, 458, APTº 181, BAIRRO BROOKLIN PAULISTA, ZIP CODE
04562-903 SÃO PAULO/SP; GLYCON DUARTE SANTOS: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS, RG 12.208.802-5 SSP/SP, CPF 106.448.058-62, RESIDENTIAL ADDRESS AT
RUA JOSÉ CLEMENTE, 355, BAIRRO JARDIM PAULISTA, ZIP CODE 01428-020 SÃO
PAULO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
(RESEARCH DATE: 28/08/2014) |
|
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 |
18.528.156,00 |
5.465.489,00 |
4.509.222,00 |
|
INVESTMENTS |
5.987.852,00 |
8.809.891,00 |
11.417.871,00 |
|
CLIENTS |
24.481.077,00 |
26.916.059,00 |
20.314.872,00 |
|
INVENTORY |
13.869.113,00 |
13.697.582,00 |
8.468.601,00 |
|
ADVANCE TO SUPPLIERS |
2.558.403,00 |
2.867.513,00 |
2.212.599,00 |
|
ADVANCE TO EMPLOYEES |
777,00 |
|
57.767,00 |
|
OTHER ADVANCES |
9.447,00 |
|
4.207,00 |
|
ACCOUNTS RECEIVABLE |
916.520,00 |
1.726.410,00 |
59.985,00 |
|
RECOVERABLE TAXES |
2.173.129,00 |
1.642.161,00 |
2.701.785,00 |
|
PRE PAID EXPENSES |
73.313,00 |
1.671,00 |
11.196,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
68.597.787,00 |
61.126.776,00 |
49.758.105,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
13.312.596,00 |
10.850.319,00 |
5.850.754,00 |
|
FIXED ASSETS |
9.114.431,00 |
2.033.610,00 |
2.196.171,00 |
|
INTANGIBLE |
857.858,00 |
565.849,00 |
146.761,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
23.284.885,00 |
13.449.778,00 |
8.193.686,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
91.882.672,00 |
74.576.554,00 |
57.951.791,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
3.963.080,00 |
5.482.720,00 |
5.847.731,00 |
|
LOANS AND FINANCING |
36.008.643,00 |
31.498.981,00 |
21.562.456,00 |
|
SOCIAL / LABOR OBLIGATIONS |
948.017,00 |
769.383,00 |
711.577,00 |
|
TRIBUTARY OBLIGATIONS |
2.411.808,00 |
1.927.956,00 |
2.986.590,00 |
|
ACCOUNTS PAYABLE |
550.750,00 |
1.614.138,00 |
1.582.718,00 |
|
PROVISIONS |
|
|
-2.152,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
43.882.298,00 |
41.293.178,00 |
32.688.920,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
2.605.500,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2.605.500,00 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.000.000,00 |
5.000.000,00 |
2.139.074,00 |
|
ACCRUED PROFIT (LOSS) |
28.283.376,00 |
19.062.871,00 |
17.698.647,00 |
|
PROFIT (LOSS) OF PERIOD |
12.111.497,00 |
9.220.506,00 |
5.425.150,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
45.394.873,00 |
33.283.377,00 |
25.262.871,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
91.882.671,00 |
74.576.555,00 |
57.951.791,00 |
|
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 |
113.387.938,00 |
82.079.892,00 |
65.981.192,00 |
|
(-) TAXES ON SALES |
11.439.607,00 |
7.526.742,00 |
6.873.180,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
101.948.331,00 |
74.553.150,00 |
59.108.012,00 |
|
(-) COST OF SOLD GOODS |
55.206.953,00 |
39.735.534,00 |
33.241.471,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
46.741.378,00 |
34.817.616,00 |
25.866.541,00 |
|
OPERATING REVENUE (EXPENSE) |
-29.494.559,00 |
-22.801.825,00 |
-18.973.251,00 |
|
FINANCIAL REVENUE(EXPENSE) |
799.608,00 |
1.735.680,00 |
1.130.745,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
18.046.427,00 |
13.751.471,00 |
8.024.035,00 |
|
CONTRIBUTION/INCOME TAX |
-5.934.931,00 |
-4.530.965,00 |
-2.598.886,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
12.111.496,00 |
9.220.506,00 |
5.425.149,00 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,25 |
|
1,15 |
|
1,26 |
|
|
CURRENT RATIO |
1,56 |
|
1,48 |
|
1,52 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,16 |
TIMES |
2,77 |
TIMES |
2,91 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
86,45 |
DAYS |
129,97 |
DAYS |
123,73 |
DAYS |
|
INVENTORY TURNOVER |
3,98 |
TIMES |
2,90 |
TIMES |
3,93 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
25,84 |
DAYS |
49,67 |
DAYS |
63,33 |
DAYS |
|
RETURN ON ASSETS |
1,11 |
TIMES |
1,00 |
TIMES |
1,02 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,25 |
TIMES |
2,24 |
TIMES |
2,34 |
TIMES |
|
NET WORTH TIE-UP |
,20 |
|
,06 |
|
,09 |
|
|
INDEBTEDNESS |
1,02 |
|
1,24 |
|
1,29 |
|
|
EQUITY RATIO |
49,41 |
% |
44,63 |
% |
43,59 |
% |
|
WORKING CAPITAL RATIO |
56,32 |
% |
48,03 |
% |
52,22 |
% |
|
GENERAL SOLVENCY |
1,98 |
|
1,81 |
|
1,77 |
|
|
RETURN ON NET EQUITY |
26,68 |
% |
27,70 |
% |
21,47 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
11,88 |
% |
12,37 |
% |
9,18 |
% |
|
GROSS PROFIT MARGIN |
45,85 |
% |
46,70 |
% |
43,76 |
% |
|
OPERATIONAL RESULT |
17,70 |
% |
18,45 |
% |
13,58 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,32 |
TIMES |
1,81 |
TIMES |
1,81 |
TIMES |
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,17 |
- OFFICIAL RATE ON 31/05/2015 |
|
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 FAIR FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS SLGITHLY HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS.
FURTHER, IT SHOWS GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3336-7 / 11 2845-8379 |
|
|
BANCO ITAÚ S/A |
0332 / 11 5687-7997 |
|
|
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"). DATE RESEARCHED MAY 31, 2015. |
|
IMPORT, EXPORT AND WHOLESALE OF AGRICULTURAL RAW MATERIALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 98 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1992. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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: |
|
PHONE: |
|
BRF BRASIL FOODS S/A |
|
47 3249-4321 |
|
CHALANA DESPACHOS E ASSESSORIA ADUANEIRA LTDA |
|
13 3223-2450 |
|
COMERCIO E INDUSTRIA MATSUDA IMP EXP LTDA |
|
18 3326-2000 |
|
MALAGUTI LOGÍSTICA LTDA |
|
13 3223-4558 |
|
RAIZEN ENERGIA S/A |
|
16 3251-9000 |
|
USINA SÃO LUIZ S/A |
|
14 3302-2030 |
|
PAYMENT HISTORY: |
|
02 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 40.125,00 |
|
|
|
AMOUNT OF INVOICES PAID: 32 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 4.237,00 |
|
HIGHEST CREDIT: R$ 4.237,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 3.129,02 |
|
BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.