|
Report No. : |
324095 |
|
Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAMBUCI S/A |
|
|
|
|
Registered Office : |
Avenida Das Nações Unidas, 8501 17º Andar, Sala 1736 Bairro Pinheiros 05425-070 - São Paulo/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
05.11.1945 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Tanning and dressing of leather; manufacture of luggage, handbags,
saddlery, harness and footwear |
|
|
|
|
No. of Employee : |
2650 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Exist |
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 |
CAMBUCI S/A
ADDRESSES
|
|
MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS, 8501 17º ANDAR, SALA 1736 BAIRRO PINHEIROS |
|
ZIP CODE/CITY: |
05425-070 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3434-6400 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA MANOEL CHAVES, 1121 - JAÇANÃ |
|
ZIP CODE/CITY: |
45600-000 ITABUNA/BA |
|
PHONE: |
73 214-6000 |
|
CNPJ: |
61.088.894/0028-28 |
|
STATE REGISTER: |
50.204.405-NO |
|
|
|
|
ADDRESS: |
AVENBIDA GETULIO VARGAS, 930 - CENTRO |
|
ZIP CODE/CITY: |
18130-000 SÃO ROQUE/SP |
|
PHONE: |
11 4713-9500 |
|
CNPJ: |
61.088.894/0008-84 |
|
STATE REGISTER: |
653.010.229.118 |
|
|
|
|
ADDRESS: |
RODOVIA BR 267, KM 3, 2581 |
|
ZIP CODE/CITY: |
87750-000 MACHADO/MG |
|
PHONE: |
35 3295-6000 |
|
CNPJ: |
61.088.894/0016-94 |
|
STATE REGISTER: |
390.749.770.06-9 |
|
|
|
|
ADDRESS: |
RUA RICHARD CURI, 8 |
|
ZIP CODE/CITY: |
16600-000 PIRAJUI/SP |
|
PHONE: |
14 572-1620 |
|
CNPJ: |
61.088.894/0018-56 |
|
STATE REGISTER: |
538.011.750.111 |
|
|
|
|
ADDRESS: |
AVENIDA LIBERDADE, 3015 - CENTRO |
|
ZIP CODE/CITY: |
58306-000 BAYEUX/PB |
|
CNPJ: |
61.088.894/0024-02 |
|
STATE REGISTER: |
16.112.260-4 |
|
|
|
|
ADDRESS: |
RODOVIA ITAJUIPE/COARACI, S/Nº
LOTEAMENTO JÚLIA SALOMÃO |
|
ZIP CODE/CITY: |
45630-000 ITAJUIPE/BA |
|
CNPJ: |
61.088.894/0029-09 |
|
STATE REGISTER: |
50.204.513-NO |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
TANNING AND DRESSING OF LEATHER; MANUFACTURE OF LUGGAGE, HANDBAGS,
SADDLERY, HARNESS AND FOOTWEAR |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
05/11/1945 |
|
REGISTER DATE: |
05/11/1945 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
61.088.894/0001-08 |
|
STATE REGISTER: |
149.621.941.118 |
|
|
|
|
SHARE CAPITAL: |
R$ 35.635.955,43 |
|
LAST REGISTER OF CAPITAL: |
28/11/2013 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
PAULO RICARDO DE OLIVEIRA |
INVESTORS RELATIONS DIRECTOR |
|
MARIA APARECIDA INACIO DA SILVA |
EXECUTIVE DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
TRÊS MARIAS INCOP. E CONSTRUÇÕES LTDA |
17,860000% |
|
ROMA CONSULTORIA ASSESSORIA E ADMINISTRAÇÃO |
1,899939% |
|
PADUCA ADMINISTRAÇÃO E PARTICIPAÇÃO LTDA-EPP |
3,180000% |
|
ROBERTO ESTEFANO |
35,630000% |
|
EDUARDO ESTEFANO FILHO |
17,840000% |
|
JULIANA VIZINTAS ESTEFANO |
4,230000% |
|
RENATO VIZINTAS ESTEFANO |
4,230000% |
|
SERGIO VIZINTAS ESTEFANO |
4,230000% |
|
SUELI VIZINTAS ESTEFANO |
10,900000% |
|
TREASURE SHARES |
0,000061% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
CAMBUCI IMPORTADORA LTDA |
99,99% |
|
ERA SPORTS LTDA |
99,99% |
|
IMPAR SPORTS LTDA |
98,00% |
|
LATINLINE TRADE S/A |
100,00% |
|
PENALTY ARGENTINA S/A |
95,00% |
|
IMPAR PARAGUAY |
96,70% |
|
PENALTY CHILE |
76,00% |
|
PENALTY IBÉRIA S.L. |
100,00% |
COMPANY'S
BACKGROUND
|
|
FOUNDED ON NOVEMBER 05, 1945, CAMBUCI S/A, WITH CAPITAL OF CR$
1.200,00, CORPORATE NAME OF "MALHARIA CAMBUCI S/A", HAVING AS CORE
ACTIVITIES THE MANUFACTURE AND TRADE OF COTTON, WOOL, RAYON, AND TULLE
FABRICS. THE FABRICS, EXCEPT FOR THE TULLE (ACQUIRED FROM THIRD PARTIES) WERE
PRODUCED IN-COMPANY, USING CIRCLE LOOMS, SUPPLYING THE SOUTH-EASTERN MARKETS
AND THE STATE OF PERNAMBUCO. IN 1966, THE SUBJECT UNDERWENT REORGANIZATION, WITH INTRODUCTION OF
NEW PRODUCTION TECHNIQUES, RATIONALIZATION OF THE PRODUCTIVE PROCESSES AND
THE OPENING OF NEW MARKET WITH THE LAUNCHING OF NEW PRODUCTS. IN 1973, AS A RESULT OF THE RESULTS SO FAR REACHED, IT WAS INITIATED
THE IMPLANTATION OF THE SÃO ROQUE UNIT, WHERE FROM 1974 ON, WAS PROGRESSIVELY
INSTALLED ITS THREADING, WEAVING, STOCKINGS AND NETS, REMAINING IN SAO PAULO,
ONLY MANUFACTURING AND ADMINISTRATION IN CAMBUCI. ON MAY 30, 1975, THE SUBJECT'S CORPORATE NAME CHANGED TO "CAMBUCI
S/A INDUSTRIAS TÊXTEIS". DUE TO THE GROWTH OF THE SPORTING GOODS MARKET, THE COMPANY BEGAN
SPECIALIZING IN THIS NICHE. AS AN ONGOING PROCESS, IN 1977, IT WAS INITIATED
THE IMPLANTATION OF ITS FACTORY OF SPORT BALLS, USING A PRODUCTION PROCESS
EVER SEEN IN BRAZIL. SUCH EFFORTS WERE ACKNOWLEDGED OFFICIALLY BY THE
BRAZILIAN CONFEDERATION OF VOLLEYBALL BY ITS MANUFACTURED VOLLEY BALL.
PRESENTLY, THE PRODUCTION LINE IN THIS SECTOR COVERS A DIVERSE KIND OF BALLS
( VOLLEY, SOCCER, HANDBALL, AMONG OTHERS), ALL OFFICIALLY ACKNOWLEDGED BY THE
MAIN DOMESTIC AND INTERNATIONAL SPORTING FEDERATIONS. WITH THE SUBJECT'S CONSTANT GROWING, IN 1979, WERE RENTED TWO FLOORS
(800 SQ MTS) AT AVENIDA DAS NAÇÕES UNIDAS, SAO PAULO, TO INSTALL THE
ADMINISTRATION. IN THIS SAME TIME ACQUIRED 51% OF "DATA BASE CONSULTORIA
E ENGENHARIA DE SISTEMAS LTDA", AIMING AT DEVELOPING CONTROLS BY
ELECTRONIC DATA PROCESSING. IN 1980, NEW IMPLANTATION WORKS WERE INITIATED IN SÃO ROQUE, WITH THE
ACQUISITION OF LANDS THAT CURRENTLY SUM 80.000 SQ MTS, AND NEW CONSTRUCTIONS
REACHED 22.500 SQ MTS, IN 1982, FINISHED THE WORKS THAT BEGAN WORKING AS THE
SUBJECT'S NEW TWO INDUSTRIAL UNITS, THE RUBBER FACTORY AND THE FABRIC OF
VULCANIZED BOTTOM FOOTWEAR, USING A STATE-OF-THE-ART-TECHNOLOGY. IN APRIL 1982, SUBJECT CHANGED ITS NAME TO CAMBUCI S/A, WHICH REMAINS
TO DATE. IN 1983, AIMING AT CUTTING COSTS, THE COMPANY INITIATED A PROGRAM OF
CENTRALIZATION OF ITS OPERATIONS, BY TRANSFERRING ITS UNITS STILL LOCALIZED
IN SAO PAULO TO THE NEW INSTALLATIONS IN SAO ROQUE, CULMINATING IN
TRANSFERRING THE ADMINISTRATION, REMAINING THE MARKETING, SALES AND EXPORT
DEPARTMENTS IN SAO PAULO. IN 1984, IT WAS SIGNED THE CONTRACT OF TECHNOLOGY ADVISORY AND LICENSE
TO USE THE MARK ASICS TIGER CO. FROM JAPAN, RENOWNED WORLDWIDE AS HOLDER OF
ONE OF THE MOST ADVANCE TECHNOLOGIES IN THE SPORT GOODS FIELD, FOCUSING ON
INITIATE THE PROCESS OF MANUFACTURING AND COMMERCIALIZATION OF THE PRODUCTS
BRANDED "ASICS TIGER", ALL OVER LATIN AMERICA WITH EXCLUSIVE
RIGHTS. ALSO IN 1984, THROUGH THE SALE OF ITS CONTROLLED "DATA BASE
CONSULTORIA LTDA", THE SUBJECT ACQUIRED A PARTICIPATION IN INVESTIPLAN
INFORMÁTICA S/A, THAT CONTINUED TO RENDER SERVICES OF DATA PROCESSING FOR THE
SUBJECT. IN 1988, THE SHAREHOLDING CONTROL OF SUBJECT WAS ALTERED WITH THE
ADMISSION OF A NEW SHAREHOLDER, MARKON COMÉRCIO E PARTICIPAÇÕES LTDA., THAT
ACQUIRED 21,77% OF THE CAPITAL WITH VOTE RIGHTS. AT THE SAME TIME, THE
COMPANY TRÊS MARIAS INCORPORAÇÕES E CONTRUÇÕES LTDA. TOOK THE SHAREHOLDING
CONTROL WITH 51% OF THE COMMON SHARES, KEEPING AHEAD OF THE BUSINESSES OF THE
ESTEFANO FAMILY. YET IN 1988, CLOSED ITS SPINNING FACTORY AS A RESULT OF THE HIGH COSTS
OF MAINTENANCE OF THIS PROCESS AND SECTOR COMPETITION, TURNING TO ITS BASIC
PRODUCTION LINE: BALLS, FOOTWEAR, CLOTHING AND STOCKINGS. IN 1990, THE SUBJECT BUILT A NEW FACTORY ON CAMANDUCAIA/MG, WHICH, IN
THE BEGINNING MANUFACTURED FOOTWEAR. IN MARCH 1993, SUBJECT ACQUIRED THE COMPANY IMPAR SPORTS DA AMAZÔNIA
S/A, WHICH IS 100% CONTROLLED BY CAMBUCI'S SHAREHOLDERS. IN MAY 1993, IT WAS INITIATED THE PROJECT FOR THE CONSTRUCTION OF A
NEW FACTORY IN TRÊS PONTAS/MG, AIMED AT THE INDUSTRIALIZATION AND
COMMERCIALIZATION OF CLOTHING ARTICLES. IN NOVEMBER 1995, IT WAS SET UP THE SUBSIDIARY CAMBUCI IMPORTADORA
LTDA., IN SERRA/ES, WITH THE SPECIFIC PURPOSE OF CONCENTRATE ITS OPERATIONS
OF IMPORTED PRODUCTS, TAKING OF ADVANTAGE OF THE TAX BENEFITS GRANTED BY THE
STATE OF ESPÍRITO SANTO. IN APRIL 1997, IT WAS INITIATED THE OPERATION IN THE INDUSTRIAL UNIT
IN BAYEUX/PB, THAT PRODUCES VULCANIZED FOOTWEAR LINE, WHICH WOULD REDUCE
SIGNIFICANTLY THE COSTS OF PRODUCTION. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
5 PROTESTS,TOTAL AMOUNT R$
25.422,23 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTÓRIO DE PA-BAYEUX |
29/04/2015 |
R$ 471,50 |
|
1º CARTÓRIO DE SP-SOROCABA |
27/04/2015 |
R$ 18.342,13 |
|
CARTÓRIO DE PA-BAYEUX |
11/06/2014 |
R$ 2.125,30 |
|
CARTÓRIO DE PA-BAYEUX |
09/07/2014 |
R$ 2.125,30 |
|
CARTÓRIO DE BA-ITAJUIPE |
22/12/2014 |
R$ 2.358,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
5 |
STATE LAWSUITS |
25/10/12 |
2ª VARA DE MG-MACHADO |
|
8 |
FEDERAL LAWSUITS |
22/11/13 |
VARA DE BA-ITAJUÍPE |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/03/2015, 31/12/2014 AND 31/12/2013. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
CASH AND BANKS |
13.833 |
14.895 |
13.420 |
|
CLIENTS |
66.201 |
65.211 |
59.032 |
|
INVENTORY |
38.170 |
36.208 |
39.925 |
|
RECOVERABLE TAXES |
1.915 |
1.703 |
1.965 |
|
PRE PAID EXPENSES |
9.242 |
5.743 |
5.758 |
|
OTHER CREDITS |
4.990 |
3.893 |
5.456 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
134.351 |
127.653 |
125.556 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
622 |
605 |
546 |
|
ACCOUNTS RECEIVABLES |
30.892 |
30.235 |
544 |
|
PRE PAID EXPENSES |
325 |
447 |
4.934 |
|
INTERCOMPANY CREDITS |
|
|
28.370 |
|
JUDICIAL DEPOSITS |
|
|
2.859 |
|
OTHER CREDITS |
3.677 |
3.482 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
35.516 |
34.769 |
37.253 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
47.544 |
42.798 |
41.831 |
|
FIXED ASSETS |
32.800 |
33.511 |
38.113 |
|
INTANGIBLE |
6.038 |
6.231 |
6.950 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
86.382 |
82.540 |
86.894 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
256.249 |
244.962 |
249.703 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
LOANS AND FINANCING |
88.533 |
87.313 |
64.386 |
|
SUPPLIERS |
39.319 |
30.795 |
18.073 |
|
SOCIAL / LABOR OBLIGATIONS |
8.554 |
6.813 |
5.209 |
|
TAX LIABILITIES |
6.220 |
5.571 |
8.593 |
|
OTHER DEBTS |
5.453 |
6.171 |
8.127 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
148.079 |
136.663 |
104.388 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
32.355 |
36.441 |
63.819 |
|
RELATED COMPANIES |
367 |
367 |
|
|
OTHER OBLIGATIONS |
12.246 |
12.957 |
3.539 |
|
PROVISIONS |
29.135 |
28.006 |
32.710 |
|
TRIBUTARY OBLIGATIONS |
|
|
27.523 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
74.103 |
77.771 |
127.591 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
35.636 |
35.636 |
35.636 |
|
ACCRUED PROFIT (LOSS) |
-2.505 |
-4.286 |
-18.272 |
|
CUMULATIVE TRANSLATION ADJUSTMENT |
936 |
-822 |
360 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
34.067 |
30.528 |
17.724 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
256.249 |
244.962 |
249.703 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2015, 31/12/2014 AND 31/12/2013. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
|
|
|
|
|
NET SALES |
60.545 |
229.206 |
229.740 |
|
(-) COST OF SOLD GOODS |
33.977 |
135.815 |
136.927 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
26.568 |
93.391 |
92.813 |
|
OPERATING REVENUE (EXPENSE) |
-15.716 |
-55.962 |
-72.661 |
|
FINANCIAL REVENUE(EXPENSE) |
-9.071 |
-23.443 |
-19.821 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.781 |
13.986 |
331 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.781 |
13.986 |
331 |
|
RATIOS: |
31/03/2015 |
31/12/2014 |
31/12/2013 |
|
QUICK RATIO |
,65 |
|
,67 |
|
,82 |
|
|
CURRENT RATIO |
,91 |
|
,93 |
|
1,20 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
,91 |
TIMES |
3,51 |
TIMES |
3,89 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
98,41 |
DAYS |
102,42 |
DAYS |
92,50 |
DAYS |
|
INVENTORY TURNOVER |
,89 |
TIMES |
3,75 |
TIMES |
3,43 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
104,15 |
DAYS |
81,63 |
DAYS |
47,52 |
DAYS |
|
RETURN ON ASSETS |
,24 |
TIMES |
,94 |
TIMES |
,92 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,78 |
TIMES |
7,51 |
TIMES |
12,96 |
TIMES |
|
NET WORTH TIE-UP |
,96 |
|
1,10 |
|
2,15 |
|
|
INDEBTEDNESS |
6,52 |
|
7,02 |
|
13,09 |
|
|
EQUITY RATIO |
13,29 |
% |
12,46 |
% |
7,10 |
% |
|
WORKING CAPITAL RATIO |
-9,27 |
% |
-6,59 |
% |
20,28 |
% |
|
GENERAL SOLVENCY |
1,15 |
|
1,14 |
|
1,08 |
|
|
RETURN ON NET EQUITY |
5,23 |
% |
45,81 |
% |
1,87 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,94 |
% |
6,10 |
% |
,14 |
% |
|
GROSS PROFIT MARGIN |
43,88 |
% |
40,75 |
% |
40,40 |
% |
|
OPERATIONAL RESULT |
2,94 |
% |
6,10 |
% |
,14 |
% |
|
SALES TURNOVER ON LIABILITIES |
,41 |
TIMES |
1,68 |
TIMES |
2,20 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,13 |
- OFFICIAL RATE ON 26/05/2015 |
|
US$ 1,00 = R$ 3,20 |
- OFFICIAL RATE ON 31/03/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES FOR 2014 SHOW A DELICATE FINANCIAL STANDING. IT HAD
LOW LIQUIDITY RATIOS AND NEGATIVE WORKING CAPITAL, AS WELL AS HIGH LEVEL OF
INDEBTEDNESS. SALES DROPPED SLIGHTLY BUT POSTED PROFIT. THE QUARTERLY FIGURES FOR MARCH 2015 SHOW THAT THE INDEBTEDNESS KEEPS
VERY HIGH AND THE LIQUIDITY REMAINS LOW. NEVERTHELESS, IT SHOWS GROWING SALES
TREND AND POSITIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 4.143.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 14.708.000,00
INSURANCE
|
|
AS OF MARCH 31, 2015, THE COMAPNY HAD INSURANCE COVERAGE AGAINST OPERATIONAL
RISKS COMPRISED BY R$ 115.138.000,00 FOR MATERIAL DAMAGES, R$ 2.712.000,00
FOR LOSS OF INCOME AND R$ 48.198.000,00 FOR CIVIL LIABILITY, RESPECTIVELY FOR
THE GROUP AND THE COMPANY. |
BANKING
REFERENCES
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BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
11 5181-2888 |
SÃO PAULO/SP |
|
BANCO SOFISA S/A |
11 3176-5526 |
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"). DATE RESEARCHED ON: MAY 26, 2015. |
ACTIVITIES
COMMENTS
|
|
SUBJECT IS ENGAGED IN THE TANNING AND DRESSING OF LEATHER; MANUFACTURE
OF LUGGAGE, HANDBAGS, SADDLERY, HARNESS AND FOOTWEAR CURRENTLY THE COMPANY IS MANUFACTURING AND COMMERCIALIZING SPORTING
GOODS, FOCUSING ON THE SOCCER PLAYING. THE PRODUCTS ARE TRADE UNDER THE BRAND
PENALTY, SUBJECT'S OWN BRAND AND ONE OF THE LEADERS IN THE SOCCER MARKET. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
ARGENTINA, LATIN AMERICA, ASIA AND EUROPE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
CARREFOUR COMERCIO INDUSTRIA LTDA |
|
21 431-3011 |
|
ELMO CALÇADOS S/A |
|
31 3235-2126 |
|
ESPORTE FABIANO S/A |
|
11 294-4811 |
|
ESTAÇÃO DO ESPORTE |
|
11 591-3811 |
|
LOJAS DIC LTDA |
|
11 3107-3300 |
|
LOJAS REUNIDAS LTDA |
|
19 232-8011 |
|
MG MASTER LTDA |
|
31 3421-2424 |
|
ORGS SO ESPORTES LTDA |
|
31 482-9711 |
|
PAQUETA CALÇADOS LTDA |
|
51 2026-1125 |
|
SILVIO A DUARTE |
|
11 440-6000 |
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STAFF: |
|
|
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THE COMPANY HAS: 2650 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1945 WITH A
GOOD REPUTATION. 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. MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION REPORTED PROMPT
PAYMENTS, IT MAY BE NOTED SUBJECT AS GOOD TRADE BEHAVIOUR. 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. THE PROTESTS FOUND ARE CONSIDERED IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
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DOMESTIC
SUPPLIERS: |
CITY: |
|
|
CERMATEX INDUSTRIA DE TECIDOS LTDA |
SANTA BÁRBARA/SP |
|
|
CST ENGENGARIA E PROCESSAMENTO LTDA |
CAMPINAS/SP |
|
|
DELQUIMICA COMERCIAL LTDA |
GUARULHOS/SP |
|
|
FRAGON - PRODUTOS PARA IND. DE BORRACHA LTDA |
GUARULHOS/SP |
|
|
POLYENKA S/A |
AMERICANA/SP |
|
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PAYMENT HISTORY: |
|
25 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.398.670,00 |
|
|
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AMOUNT OF INVOICES PAID: 345 |
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TOTAL OF PROMPT PAYMENTS: 72,8% |
|
TOTAL OF DELAYED PAYMENTS: 27,2% |
|
|
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HIGHEST INVOICE: R$ 26.768,00 |
|
HIGHEST CREDIT: R$ 26.768,00 |
|
|
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
3 |
R$ 8.332,26 |
|
DUE WITHIN 60 DAYS |
1 |
5 |
R$ 28.138,50 |
|
ALL |
3 |
8 |
R$ 36.470,76 |
FINAL
OPINION
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. CURRENTLY IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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. DESPITE SOME NEGATIVE RATIOS, A CREDIT LIMIT OF USD 1.000.000,00 MAY
BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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.