MIRA INFORM REPORT
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Report No. : |
313321 |
|
Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARISOL COMÉRCIO ATACADISTA E SERVIÇOS DE
DISTRIBUIÇÃO LTDA |
|
|
|
|
Registered Office : |
Rodovia Ce 060, Km 11, Depósito, 2 – Pavuna, Zip Code 61800-000 - Pacatuba/Ce |
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Country : |
Brazil |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
03.10.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged as Wholesaler of Children's Wearing Apparel and footwear bearing the brand name "Marisol". |
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No of Employees : |
Not Available [NOTE: We tried to confirm
the number of employees but no one is ready to part any information from the company
management.] |
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 |
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|
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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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
MARISOL COMÉRCIO
ATACADISTA E SERVIÇOS DE DISTRIBUIÇÃO LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RODOVIA CE 060, KM 11, DEPÓSITO,2 - PAVUNA |
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ZIP CODE/CITY: |
61800-000 - PACATUBA/CE |
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PHONE: |
85 3384-9000 |
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FAX: |
85 3384-9000 |
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E-MAIL: |
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BRANCHES: |
|
NOT AVAILABLE |
LEGAL
DATA
|
MAIN ACTIVITIES: |
|
Engaged as Wholesaler of Children's Wearing Apparel
and footwear bearing the brand name "Marisol". |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
03/10/2008 |
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REGISTER DATE: |
03/10/2008 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.395.985/0001-55 |
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STATE REGISTER: |
65.803.078 |
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|
|
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SHARE CAPITAL: |
R$ 68.474.064,00 |
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LAST REGISTER OF CAPITAL: |
27/03/2014 |
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BOARD OF
DIRECTORS: |
|
|
JAIR PASQUALI |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
|
THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
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MARISOL VESTUÁRIO S.A. |
99,90% |
|
GFV PARTICIPAÇÕES LTDA |
0,10% |
COMPANY'S
BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 03, 2008 AS BABYSOL COMÉRCIO DO
VESTUÁRIO LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT CHANGED
TO BABYSOL COMERCIO ATACADISTA E SERVICOS DE DISTRIBUICAO LTDA. ON JANUARY 2014 SUBJECT TOOK OVER MARISOL COMERCIO ATACADISTA E
DISTRIBUIÇÃO LTDA, CNPJ 10.526.270/0001-94. LATER BABYSOL COMERCIO ATACADISTA E SERVICOS DE DISTRIBUICAO LTDA.
ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "MARISOL". PARTNERS: MARISOL VESTUÁRIO S.A.: A PRIVATELY HELD CORPORATION, ENROLLED WITH
THE FEDERAL TAXPAYER´S # CNPJ 02.045.487/0001-54, WITH HEAD OFFICE AT RUA
BERNARDO DORNBUSCH, 1400, BAIRRO VILA LALAU - JARAGUÁ DO SUL/SC. GFV PARTICIPAÇÕES LTDA: A LIMITED LIABILITY COMPANY, ENROLLED WITH THE
FEDERAL TAXPAYER´S # CNPJ 83.872.283/0001-99, WITH HEAD OFFICE AT RUA
PROFESSOR ESTHÉRIA LENZI FRIEDRICH, 79, CENTRO JARAGUA DO SUL/SC. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. |
PUBLIC
INFORMATION
|
PROTESTS: |
|
2 PROTESTS,TOTAL AMOUNT R$
2.119,99 |
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DETAILS OF
LATEST PROTESTS: |
||
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NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE OSASCO/SP |
05/12/2014 |
R$ 1.891,14 |
|
CARTORIO DE ITUPIRANGA/PA |
21/11/2014 |
R$ 228,85 |
FINANCIAL
INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
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CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
668 |
377 |
10 |
|
CLIENTS |
15.639 |
15.364 |
397 |
|
INVENTORY |
26.062 |
17.096 |
284 |
|
RECOVERABLE TAXES |
585 |
290 |
175 |
|
OTHER CREDITS |
1.117 |
957 |
655 |
|
PRE PAID EXPENSES |
3 |
3 |
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
44.074 |
34.087 |
1.521 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
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DEFERRED TAXES |
4.059 |
4.700 |
5.157 |
|
RECOVERABLE TAXES |
4 |
|
|
|
OTHER CREDITS |
18 |
1.017 |
7.467 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
4.081 |
5.717 |
12.624 |
|
FIXED ASSETS: |
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|
|
|
|
|
|
|
|
FIXED ASSETS |
87 |
19 |
42 |
|
INTANGIBLE |
1.424 |
1.585 |
120 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
1.511 |
1.604 |
162 |
|
|
================ |
================ |
================ |
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TOTAL ASSETS |
49.666 |
41.408 |
14.307 |
|
LIABILITIES: |
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|
|
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CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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|
|
|
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SUPPLIERS |
1.965 |
3.424 |
213 |
|
LOANS AND FINANCING |
|
|
56 |
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SOCIAL / LABOR OBLIGATIONS |
103 |
80 |
29 |
|
TAX LIABILITIES |
8 |
285 |
99 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
6 |
4 |
1 |
|
OTHER DEBTS |
333 |
713 |
30 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
2.415 |
4.506 |
428 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
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CREDIT FOR CAPITAL INCREASE |
3.241 |
15.740 |
|
|
OTHER |
|
|
40 |
|
DEFERRED TAXES |
|
|
7 |
|
PROVISION FOR CONTINGENCIES |
223 |
112 |
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
3.464 |
15.852 |
47 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
35.151 |
17.000 |
17.000 |
|
CAPITAL RESERVES |
6.151 |
4.494 |
5.487 |
|
PROFIT RESERVES |
2.485 |
-444 |
-8.655 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
43.787 |
21.050 |
13.832 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
49.666 |
41.408 |
14.307 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
NET SALES |
40.576 |
29.772 |
9.309 |
|
(-) COST OF SOLD GOODS |
26.859 |
18.017 |
10.066 |
|
|
---------------- |
---------------- |
---------------- |
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GROSS PROFIT |
13.717 |
11.755 |
-757 |
|
OPERATING REVENUE (EXPENSE) |
-5.273 |
-2.679 |
-5.741 |
|
FINANCIAL REVENUE(EXPENSE) |
692 |
30 |
200 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
9.136 |
9.106 |
-6.298 |
|
CONTRIBUTION/INCOME TAX |
-2.154 |
-1.889 |
5.173 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
6.982 |
7.217 |
-1.125 |
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK
RATIO |
7,46 |
|
3,77 |
|
2,89 |
|
|
CURRENT
RATIO |
18,25 |
|
7,56 |
|
3,55 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
2,59 |
TIMES |
1,94 |
TIMES |
23,45 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
138,75 |
DAYS |
185,78 |
DAYS |
15,35 |
DAYS |
|
INVENTORY
TURNOVER |
1,03 |
TIMES |
1,05 |
TIMES |
35,44 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
26,34 |
DAYS |
68,42 |
DAYS |
7,62 |
DAYS |
|
RETURN
ON ASSETS |
,82 |
TIMES |
,72 |
TIMES |
,65 |
TIMES |
|
SALES
TURNOVER ON NET EQUITY |
,93 |
TIMES |
1,41 |
TIMES |
,67 |
TIMES |
|
NET
WORTH TIE-UP |
,00 |
|
,00 |
|
,00 |
|
|
INDEBTEDNESS |
,13 |
|
,97 |
|
,03 |
|
|
EQUITY
RATIO |
88,16 |
% |
50,84 |
% |
96,68 |
% |
|
WORKING
CAPITAL RATIO |
1.725,01 |
% |
656,48 |
% |
255,37 |
% |
|
GENERAL
SOLVENCY |
8,45 |
|
2,03 |
|
30,12 |
|
|
RETURN
ON NET EQUITY |
15,95 |
% |
34,29 |
% |
-8,13 |
% |
|
RETURN
ON SALES (PROFIT MARGIN) |
17,21 |
% |
24,24 |
% |
-12,09 |
% |
|
GROSS
PROFIT MARGIN |
33,81 |
% |
39,48 |
% |
-8,13 |
% |
|
OPERATIONAL
RESULT |
22,52 |
% |
30,59 |
% |
-67,66 |
% |
|
SALES
TURNOVER ON LIABILITIES |
16,80 |
TIMES |
6,61 |
TIMES |
21,75 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
US$ 1,00 = R$ 3,13 |
|
US$ 1,00 = R$ 2,13 |
|
US$ 1,00 = R$ 2,04 |
|
US$ 1,00 = R$ 1,87 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW GOOD FINANCIAL STANDING. IT HAS HIGH
LIQUIDITY RATIOS AND GOOD WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT SHOWS HIGH GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE |
BANKING
REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
AG: 0356 |
|
|
BANCO BRADESCO S/A |
AG: 1221-1 |
|
|
HSBC BANK BRASIL S/A |
AG: 0645 |
|
|
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"). |
ACTIVITIES
COMMENTS
|
Engaged as Wholesaler of Children's Wearing
Apparel and footwear bearing the brand name "Marisol". |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
HONG KONG AND CHINA. |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
|
|
|
STAFF: |
|
NOT AVAILABLE |
CONCEPT
AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2008. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT RECORD. 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. THE PROTEST IS IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
CALC BIBI LTDA |
|
|
|
GIMBA SUPRIMENTOS DE ESCR E INFOR LTDA |
|
|
|
KLIN PROD INFANTIS LTDA |
|
|
|
LUNENDER TEXTIL LTDA |
|
|
|
SAMEKA MODAS LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
HUBEI TIANHE CAYEE INTERNATIONAL TRADING CO., LTD |
CHINA |
0591-87843243 |
|
JIANGSU GOLDEN ISLAND INTERNATIONAL CO., LTD |
CHINA |
025-52396667 |
|
ORCHID TRADING LIMITED |
HONG KONG |
86 21 59776183 |
|
SHANGAI MAOJI IMP. & EXP. CORP. LTD |
CHINA |
8621 60932558 |
|
WESTPEX FASHION LTD |
HONG KONG |
(852) 3420 4800 |
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 72.235,00 |
|
|
|
AMOUNT OF INVOICES PAID: 64 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 2.085,00 |
FINAL
OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND NO
ADVERSE INFORMATION IS NOTED. 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.62.67 |
|
UK Pound |
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.