MIRA INFORM REPORT
|
Report No. : |
312771 |
|
Report Date : |
24.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
LOJAS RIACHUELO S/A |
|
|
|
|
Registered Office : |
Rua Leão Xiii,500 - Jardim São Bento 02526-000 - São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
11.08.1947 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Department stores, includes trades men, women and children clothes
wear, household linen, shoes and watches. |
|
|
|
|
No. of Employee : |
24000 |
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 – 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. 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 |
Company
name
LOJAS RIACHUELO
S/A
ADDRESSES
|
|
MAIN ADDRESS: |
RUA LEÃO XIII,500 - JARDIM SÃO BENTO |
|
ZIP CODE/CITY: |
02526-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 2281-2289 |
|
FAX: |
11 2281-2200 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA
PRESIDENTE DUTRA - S/Nº. - KM 214,2 - CENTRO DE DISTRIBUIÇÃO - JARDIM CUMBICA
|
|
ZIP CODE/CITY: |
07178-580
GUARULHOS/SP |
|
PHONE: |
11 2141-7000 |
|
CNPJ: |
33.200.056/0002-20 |
|
|
|
|
ADDRESS: |
RODOVIA BR 282, S/Nº. LOJAS NS 1040,0 - GUARUJÁ |
|
ZIP CODE/CITY: |
88521-130 LAGES/SC |
|
|
|
|
ADDRESS: |
AVENIDA LABERTO BENASSI,2270 LOJA 08 - RECREIO CAMPESTRE |
|
ZIP CODE/CITY: |
14804-330 ARARAQUARA/SP |
|
|
|
|
ADDRESS: |
AVENIDA ROLF WIEST,333 LOJA 86 - BOM RETIRO |
|
ZIP CODE/CITY: |
89223-005 JOINVILLE/SC |
|
|
|
|
ADDRESS: |
RUA RIO DE JANEIRO,910 3º SUBSOLO - CENTRO |
|
ZIP CODE/CITY: |
30160-973 BELO HORIZONTE/MG |
|
|
|
|
ADDRESS: |
AVENIDA GETÚLIO VARGAS,268 ANC 03 P-L1/2 - CENTRO |
|
ZIP CODE/CITY: |
89251-000 JARAGUÁ DO SUL/SC |
|
|
|
|
ADDRESS: |
ESTRADA MUNICIPAL DO MANDI, S/Nº. LOJA,1027 |
|
ZIP CODE/CITY: |
08598-000 ITAQUAQUECETUBA/SP |
|
|
|
|
ADDRESS: |
RODOVIA BR 407, KM 06, Nº.,331 LOJAS 1006, 1007 - JOÃO PAULO II |
|
ZIP CODE/CITY: |
48908-000 SÃO FRANCISCO/BA |
|
|
|
|
ADDRESS: |
RODOVIA DOS METALÚRGICOS,1189 L.A.9.P.1 - SÃO GERALDO |
|
ZIP CODE/CITY: |
27253-005 VOLTA REDONDA/RJ |
|
|
|
|
ADDRESS: |
RUA DESEMBARGADOR LAURO NOGUEIRA,1500 LOJA 2001 PS L2 - PAPICU |
|
ZIP CODE/CITY: |
60176-065 FORTALEZA/CE |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: PALMAS/TO,
BRASILIA/DF, SÃO MIGUEL DO ARAGUAIA/GO, SÃO LUIS DE MONTES BELOS/GO,
PORANGATU/GO, PETROLINA DE GOIAS/GO, MORRINHOS/GO, JUSSARA/GO, ITUMBIARA/GO,
ITAPORA DO TOCANTINS/TO, INHUMAS/GO, GOIAS/GO, GOIANIA/GO, GOIANESIA/GO,
CERES/GO, APARECIDA DE GOIANIA/GO, ANICUNS/GO, ANAPOLIS/GO, FATIMA DO SUL/MS
AND DOURADOS/MS. |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
DEPARTMENT STORES. |
|
LEGAL FORM: |
PRIVATELY HELD
CORPORATION |
|
|
|
|
INCORPORATION DATE: |
11/08/1947 |
|
REGISTER DATE: |
18/08/1947 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
33.200.056/0001-49 |
|
STATE REGISTER: |
102.387.561.111 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.700.000.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FLÁVIO GURGEL ROCHA |
PRESIDENT DIRECTOR |
|
NEWTON ROCHA DE OLIVEIRA JUNIOR |
SUPERVISING DIRECTOR |
|
OSWALDO APARECIDO NUNES |
COMMERCIAL DIRECTOR |
|
PEDRO ROBERTO DE SIQUEIRA |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
GUARARAPES CONFECCOES S/A |
100,0% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
MIDWAY S/A CREDITO FINANCIAMENTO E INVESTIMENTO |
|
|
RIACHUELO PARTICIPAÇÕES LTDA. |
100% |
|
TRANSPORTADORA CASA VERDE LTDA |
|
|
MIDWAY SHOPPING CENTER LTDA |
|
|
FUNDAÇÃO LIBERAL |
|
|
RED ROSE S/C LTDA - ME |
|
|
IDV - INSTITUTO PARA DESENVOLVIMENTO DO |
|
|
SR2 ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA |
|
|
SR3 ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED IN 1947 WITH THE REGISTERED NAME CIA.
DISTRIBUIDORA DE TECIDOS RIACHUELO. IN 1973 THE COMPANY ADOPTED THE REGISTERED
NAME RIACHUELO OTHON S.A. COM. IMPORTAÇÃO AND LATER IN 1999 IT ADOPTED THE
CURRENT REGISTERED NAME. IN 1979, A PERIOD OF WIDE CHANGES IN THE WORLD, THE GUARARAPES GROUP
TOOK OVER THE CONTROL OF RIACHUELO. GUARARAPES IS ONE OF THE BIGGEST MANUFACTURERS
OF CLOTHING ARTICLES IN BRAZIL AND IT LEAD THE GROWING OF THE SUBJECT
COMPANY'S CHAIN OF STORES. THE PRODUCTS LINE WAS CONCENTRATED IN CLOTHES. CURRENTLY IT IS
POSSIBLE TO FIND MEN AND WOMEN WEAR, CHILDREN WEAR, HOUSE HOLD LINE, SHOES,
WATCHES AND RELATED GOODS IN ALL STORES OF RIACHUELO. THE GEOGRAPHICAL DISTRIBUTION OF THE COMPANY'S STORES WERE ALSO
IMPROVED. CURRENTLY THERE ARE 64 STORES LOCATED IN 20 STATES IN BRAZIL. RIACHUELO IS GROWING CONSTANTLY AND IN THE LAST FEW YEARS IT HAS STILL
OPENING NEW STORES IN ORDER TO BE CLOSER TO THE CLIENTS. THE COMPANY'S PLANS
ARE GIVING PREFERENCE TO THE OPENING OF STORES IN SHOPPING CENTERS WHERE
THERE IS A HIGH LEVEL OF SAFETY AND COMFORT TO THE CLIENTS. ALL THE SUPPORT TO THE COMPANY'S OPERATIONS IS GIVEN BY THE HEAD
OFFICE LOCATED IN SÃO PAULO ALONG WITH THE DISTRIBUTION CENTER LOCATED IN AN
AREA OF 40.000 M2. THE COMPANY IS ALSO WELL-KNOWN DUE TO THE WIDE RANGE OF CREDIT
FACILITIES IT EXTENDS TO ITS CLIENTS. DIRECTORS: FLAVIO GURGEL ROCHA, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
013.609.928-98, RG/RNE: 48055190 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 NEWTON ROCHA DE OLIVEIRA JUNIOR, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF
: 102.558.854-15, RG/RNE: 132558220 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 OSWALDO APARECIDO NUNES, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
874.563.548-04, RG/RNE: 71736240 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900, PEDRO ROBERTO DE SIQUEIRA, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
140.826.674-15, RG/RNE: 170120624 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
10 PROTESTS,TOTAL AMOUNT R$
106.905,51 |
|
DATE OF FIRST PROTEST:
08/2014 R$ 392,00 |
|
DATE OF HIGHEST PROTEST:
01/2015 R$ 48.050,01 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
3º CARTORIO DE ARACAJU/ES |
05/01/2015 |
R$ 48.050,01 |
|
2º CARTORIO DE SAO JOSE DO RIO PRETO/SP |
27/01/2015 |
R$ 325,00 |
|
1º CARTÓRIO DE RIO DE JANEIRO/RJ |
13/01/2015 |
R$ 699,00 |
|
3º CARTORIO DE ARACAJU/ES |
05/01/2015 |
R$ 17.350,00 |
|
1º CARTORIO DE NATAL/RN |
09/01/2015 |
R$ 11.425,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
14 |
STATE LAWSUITS |
27/11/14 |
1ª VARA DE GUARULHOS/SP |
|
3 |
FEDERAL LAWSUITS |
02/03/12 |
2ª VARA SAO PAULO/SP/FEDERAL |
|
1 |
EXECUTIVE LAWSUIT |
31/07/14 |
4ª VARA DE SAO PAULO/SP/PENHA |
|
2 |
MUNICIPAL LAWSUITS |
18/09/14 |
VARA DE TAUBATÉ/SP |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND BANKS |
55.694 |
47.344 |
46.454 |
|
CLIENTS |
904.079 |
766.875 |
722.106 |
|
RECOVERABLE TAXES |
40.575 |
29.066 |
16.066 |
|
INVENTORY |
660.055 |
443.032 |
394.939 |
|
OTHER |
23.217 |
25.619 |
12.637 |
|
MARKETABLE SECURITIES |
384.508 |
231.692 |
251.768 |
|
DERIVATIVES OPERATIONS |
6.057 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
2.074.185 |
1.543.628 |
1.443.970 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
8.121 |
7.436 |
6.729 |
|
RECOVERABLE TAXES |
86.721 |
79.192 |
57.996 |
|
DEFERRED TAXES |
73.867 |
42.119 |
43.846 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
168.709 |
128.747 |
108.571 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
721.059 |
531.777 |
411.244 |
|
FIXED ASSETS |
1.235.909 |
1.078.009 |
844.193 |
|
INTANGIBLE |
65.805 |
51.265 |
37.638 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.022.773 |
1.661.051 |
1.293.075 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
4.265.667 |
3.333.426 |
2.845.616 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
512.716 |
454.148 |
411.725 |
|
LABOR OBLIGATIONS |
137.004 |
95.617 |
68.045 |
|
TAXES & CONTRIBUTIONS |
179.434 |
181.650 |
141.181 |
|
INTERCOMPANY DEBTS |
48.966 |
38.218 |
33.211 |
|
ACCOUNTS PAYABLE |
70.774 |
75.305 |
72.956 |
|
DIVIDENDS |
30.766 |
30.055 |
27.878 |
|
FINANCING |
404.335 |
130.142 |
113.500 |
|
LEASING |
18.367 |
18.179 |
12.327 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.402.362 |
1.023.314 |
880.823 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISION FOR CONTINGENCIES |
91.628 |
66.294 |
52.089 |
|
FINANCING |
514.942 |
385.822 |
451.250 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
606.570 |
452.116 |
503.339 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.700.000 |
1.400.000 |
1.100.000 |
|
PROFIT RESERVES |
556.735 |
457.989 |
361.493 |
|
OTHER COMPREHENSIVE INCOME |
|
7 |
-39 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.256.735 |
1.857.996 |
1.461.454 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
4.265.667 |
3.333.426 |
2.845.616 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
|
4.822.310 |
2.803.623 |
|
(-) TAXES ON SALES |
|
1.525.713 |
|
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
3.749.913 |
3.296.597 |
2.803.623 |
|
(-) COST OF SOLD GOODS |
2.060.628 |
1.792.831 |
1.567.117 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.689.285 |
1.503.766 |
1.236.506 |
|
OPERATING REVENUE (EXPENSE) |
-1.569.551 |
-1.338.952 |
-1.092.137 |
|
FINANCIAL REVENUE(EXPENSE) |
-21.943 |
-31.688 |
-22.727 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
97.791 |
133.126 |
121.642 |
|
CONTRIBUTION/INCOME TAX |
31.750 |
-6.575 |
-4.262 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
129.541 |
126.551 |
117.380 |
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
1,01 |
|
1,08 |
|
1,19 |
|
|
CURRENT RATIO |
1,48 |
|
1,51 |
|
1,64 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,15 |
TIMES |
4,30 |
TIMES |
3,88 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
86,79 |
DAYS |
83,75 |
DAYS |
92,72 |
DAYS |
|
INVENTORY TURNOVER |
3,12 |
TIMES |
4,05 |
TIMES |
3,97 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
89,57 |
DAYS |
91,19 |
DAYS |
94,58 |
DAYS |
|
RETURN ON ASSETS |
,88 |
TIMES |
,99 |
TIMES |
,99 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,66 |
TIMES |
1,77 |
TIMES |
1,92 |
TIMES |
|
NET WORTH TIE-UP |
,55 |
|
,58 |
|
,58 |
|
|
INDEBTEDNESS |
,89 |
|
,79 |
|
,95 |
|
|
EQUITY RATIO |
52,90 |
% |
55,74 |
% |
51,36 |
% |
|
WORKING CAPITAL RATIO |
47,91 |
% |
50,85 |
% |
63,93 |
% |
|
GENERAL SOLVENCY |
2,12 |
|
2,26 |
|
2,06 |
|
|
RETURN ON NET EQUITY |
5,74 |
% |
6,81 |
% |
8,03 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
3,45 |
% |
3,84 |
% |
4,19 |
% |
|
GROSS PROFIT MARGIN |
45,05 |
% |
45,62 |
% |
44,10 |
% |
|
OPERATIONAL RESULT |
2,61 |
% |
4,04 |
% |
4,34 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,67 |
TIMES |
3,22 |
TIMES |
3,18 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,24 |
- OFFICIAL RATE ON 20/03/2015 |
|
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 GOOD FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS ACCEPTABLE AND IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IN
ADDITION, IT SHOWS GROWING SALES AND PROFITABILITY. IT IS WORTH TO COMMENT THAT THE SUBJECT IS CONTROLLED BY GUARARAPES
CONFECÇÕES S/A WHICH IS THE BIGGEST MANUFACTURERS OF CLOTHING ARTICLES AND IT
IS CONSIDERED ONE OF THE THREE BIGGEST RETAILERS IN BRAZIL. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
8.931.000,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
TYPE: |
BUILDING |
|
VALUE: |
R$ ,00 |
|
REMARKS: |
55% OF OWNED PREMISES BELONGS TO CONFECÇÕES GUARARAPES S/A. |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 9.658.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
AS OF DECEMBER 31, 2014 THE COMPANY HAD THE FOLLOWING MAIN INSURANCE
POLICIES AGAINST THIRD PARTIES: |
|
COVERAGE: |
AIRCRAFT - BREAKDOWN /HULL, CIVIL LIABILITY |
|
VALUE: |
R$ 240.491.000,00 |
|
|
|
|
COVERAGE: |
PROPERTY, FIRE, EXPLOSION, ELECTRIC DAMAGES, WINDSTORM, SMOKE, LOSS OF
INCOME |
|
VALUE: |
R$ 360.000.000,00 |
|
|
|
|
COVERAGE: |
GOODS - NATIONAL AND INTERNATIONAL TRANSPORT |
|
REMARKS: |
100% INSURED |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
AV. IPIRANGA |
SÃO PAULO/SP |
|
BANCO ALFA S/A |
AV. BRASIL |
SÃO PAULO/SP |
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HSBC BANK BRASIL S/A |
BOA VISTA |
SÃO PAULO/SP |
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BANCO DO BRASIL S/A |
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BANCO SANTANDER (BRASIL) S/A |
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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”). DATE RESEARCHED MARCH 20, 2015. |
ACTIVITIES
COMMENTS
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THE COMPANY IS ENGAGED IN THE DEPARTMENT STORES. IT TRADES MEN, WOMEN AND CHILDREN CLOTHES WEAR, HOUSEHOLD LINEN, SHOES
AND WATCHES. THE SALES ARE MAINLY TO THE END USERS WHICH ARE USUALLY INDIVIDUALS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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URUGUAY, CHINA, BELGIUM, UNITED STATES, HONG KONG, SRI LANKA AND
INDIA. |
EXPORTS TO:
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DOES NOT EXPORT. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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MAIN CLIENTS ARE END USERS / CUSTOMERS OF ITS 60 STORES. |
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STAFF: |
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THE COMPANY HAS: 24000 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
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THE SUBJECT IS AN OLD-ESTABLISHED AND WELL-KNOWN COMPANY. IT IS A
LEADING COMPANY IN ITS LINE OF BUSINESS, OPERATING WITH HIGH AND GROWING SALES
AND AN EXCELLENT REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL.
SUPPLIERS ARE MAINLY TEXTILE INDUSTRIES, MANUFACTURERS OF CLOTHES, SHOES,
CARPETS, AND RELATED CLOTHING ARTICLES. THE SUPPLIERS EXTEND CREDIT
FACILITIES TO THE COMPANY IN LARGE AMOUNTS AND UP TO DATE NO PAYMENT PROBLEMS
ARE KNOWN. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS
WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S TRADE
REPUTATION. OUR INVESTIGATION THROUGH THE PUBLIC SHOWED A PROTEST REGISTERED
AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL STRENGTH AND HIGH
SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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CDC BRASIL DISTR LTDA |
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CIA. DE TECIDOS NORTE DE MINAS - COTEMINAS |
/MG |
11 3145-4510 |
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CONFECÇÕES BELA VISUAL LTDA |
SÃO PAULO/SP |
11 6292-0930 |
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CONFECÇÕES VANELISE LTDA |
SAPUCAIA DO SUL/RS |
51 3474-2170 |
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EMPÓRIO ALGODÃO LTDA |
SÃO PAULO/SP |
11 2081-6070 |
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GRENDENE S/A |
/RS |
54 2109-9000 |
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GUARARAPES CONFECÇÕES S/A |
NATAL/RN |
84 3227-2266 |
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JOÃO REINERT CONFECÇÕES |
BLUMENAU/SC |
47 3325-1024 |
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KARSTEN S/A |
BLUMENAU/SC |
47 3314-4000 |
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OLIVEIRA E LOPES LTDA |
/SP |
16 3241-9000 |
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ROSELI DA SILVA PASCHOALATTO COM RELOGIOS-EPP |
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SULTAN IND COM LTDA |
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TDB TEXTIL S/A |
SÃO PAULO/SP |
11 3613-6866 |
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UNICA IND MOVEIS S/A |
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VICTOR BLUE CONFECÇÕES LTDA |
/SP |
15 3825-9600 |
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PAYMENT HISTORY: |
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54 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 85.345.760,00 |
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AMOUNT OF INVOICES PAID: 7161 |
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TOTAL OF PROMPT PAYMENTS: 99,4% |
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TOTAL OF DELAYED PAYMENTS: 0,6% |
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HIGHEST INVOICE: R$ 342.000,00 |
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HIGHEST CREDIT: R$ 801.290,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 91 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
8 |
122 |
R$ 2.438.538,76 |
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DUE WITHIN 60 DAYS |
7 |
148 |
R$ 1.454.213,17 |
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DUE WITHIN 90 DAYS |
4 |
232 |
R$ 2.457.411,21 |
FINAL
OPINION
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THE SUBJECT IS A WELL-ESTABLISHED AND WELL-KNOWN COMPANY IN BUSINESS
FOR OVER 50 YEARS. IT IS ONE OF THE MOST IMPORTANT COMPANIES IN THE FIELD OF
RETAIL TRADE OF CLOTHES AND RELATED GOODS FOR PERSONAL USAGE AND HOUSEHOLD
LINEN PRODUCTS. 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. THE SUBJECT IS CONSIDERED GOOD FOR HIGH AMOUNTS OF CREDIT. AN INITIAL
MONTHLY CREDIT OF USD 5.000.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.29 |
|
|
1 |
Rs.93.02 |
|
Euro |
1 |
Rs.67.36 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.