|
Report No. : |
338288 |
|
Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
AÇO CEARENSE COMERCIAL LTDA |
|
|
|
|
Registered Office : |
Rua Antonio Pompeu,1900 - Altos - Otavio Bonfim, 60040-001 -
Fortaleza/Ce |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
15.08.1984 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale and retail sale of construction
material and hardware |
|
|
|
|
No. of Employee : |
501 |
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 – 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 |
AÇO CEARENSE
COMERCIAL LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
RUA ANTONIO POMPEU,1900 - ALTOS - OTAVIO BONFIM |
|
ZIP CODE/CITY: |
60040-001 - FORTALEZA/CE |
|
|
|
|
PHONE: |
85 4011-2173 |
|
FAX: |
85 4011-1466 |
|
E-MAIL: |
claudio.lustosa@acocearense.com.br |
|
WEB SITE: |
www.acocearense.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA ANTIGA BR 222 - KM,19 A |
|
ZIP CODE/CITY: |
61605-600 CAUCAIA/CE |
|
|
|
|
ADDRESS: |
RUA ANTONIO POMPEU,1800 - OTÁVIO BONFIM |
|
ZIP CODE/CITY: |
60040-001 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
AVENIDA DUQUE DE CAXIAS,2300 - CENTRO |
|
ZIP CODE/CITY: |
60035-111 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
RUA PADRE MORORÓ,1717 - OTÁVIO BONFIM |
|
ZIP CODE/CITY: |
60015-221 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
RUA ANTONIO POMPEU,1919 - OTÁVIO BONFIM |
|
ZIP CODE/CITY: |
60040-001 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
AVENIDA DUQUE DE CAXIAS,2000 - JACAREPAGUÁ |
|
ZIP CODE/CITY: |
60035-111 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
RUA JOSÉ PINTO DO CARMO,250 A - JACAREPAGUÁ |
|
ZIP CODE/CITY: |
60010-540 FORTALEZA/CE |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
WHOLESALE AND RETAIL SALE OF CONSTRUCTION MATERIAL AND HARDWARE. ITS
MAIN TRADED PRODUCTS ARE: SQUARE BAR, BAR, PLATE, TUBES, WIRES, NAILS AND
CRAMPS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
15/08/1984 |
|
REGISTER DATE: |
15/08/1984 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.557.333/0001-65 |
|
STATE REGISTER: |
06.013.398-8 |
|
|
|
|
SHARE CAPITAL: |
R$ 7.302.849,17 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSÉ VILMAR FERREIRA |
MANAGING PARTNER |
|
ROSE ALINE MATOS FERREIRA DE FREITAS GUIMARÃES |
MANAGER |
|
WANDER JEAN MATOS FERREIRA |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
WMA PARTICIPAÇÕES S/A |
R$ 7.302.118,84 |
|
JOSÉ VILMAR FERREIRA |
R$ 730,33 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
AÇO CEARENSE INDUSTRIAL LTDA |
|
|
SINOBRÁS FLORESTAL LTDA |
|
|
JOSE VILMA FERREIRA |
|
|
ACO BOM PREÇO COMERCIAL LTDA |
|
|
INSTITUTO WMA |
|
|
SIDERÚRGICA NORTE BRASIL S/A |
|
COMPANY'S
BACKGROUND
|
|
AÇO CEARENSE WAS ESTABLISHED IN 1984, SUCCEEDING A COMPANY OF ITS SAME
LINE OF BUSINESS AND PARTNERS FERRO OK LTDA, WHICH HAD BEEN ESTABLISHED IN
1979. TRADE NAME: "AÇO CEARENSE". AT THAT TIME IT WAS THE SMALLEST COMPANY IN FORTALEZA, PROVIDING
DISTRIBUTION OF STEEL WITH 02 EMPLOYEES ONLY. THE COMPANY HAS THE NBR 7480 CERTIFICATION. IN 1996, HAVING 250 EMPLOYEES AND SALES REACHING APPROXIMATELY 60.000
TONS OF STEEL ANNUALLY, CAME OUT THE IDEA OF SETTING UP A INDUSTRY OF TUBES
AND PROFILES. IN JUNE 2003 THE COMPANY AWARDED THE NBR ISO 9001:2000 CERTIFICATION. ON SEPTEMBER 30, 2013 SUBJECT UNDERWENT PARTIAL SPLIT, WITH THE
SPUN-OFF PART BEING TRANSFERRED TO WMA PARTICIPAÇÕES S/A. AS A RESULT THE COMPANY'S SHARE CAPITAL WAS
REDUCED BY R$ 234.707.212,57. PARTNERS AND MANAGERS: WMA PARTICIPAÇÕES S/A: LOCATED AT RUA MELON DE ALENCAR, 1807, SALA 01,
CENTRO, ZIP CODE 60035-161, FORTALEZA/CE, TAXPAYER'S REGISTRATION UNDER CNPJ
# 07.867.417/0001-03, REGISTERED AT THE STATE OF CEARÁ NOTARY OFFICE UNDER NIRE
# 23.300.026.543, REPRESENTED BY ITS PRESIDENT DIRECTOR MR. JOSÉ VILMAR
FERREIRA; JOSÉ VILMAR FERREIRA: BRAZILIAN, DIVORCED, ENTREPRENEUR, RESIDENTIAL
ADDRESS AT RUA OSVALDO CRUZ, 540, APTO 2100, BAIRRO MEIRELES, ZIP CODE
60125-150, FORTALEZA/CE, HOLDER OF DOCUMENTS RG 2007.002.056.443 SSP/CE AND
CPF 031.150.543-00; ROSE ALINE MATOS FERREIRA DE FREITAS GUIMARÃES: BRAZILIAN, MARRIED,
ENTREPRENEUR, HOLDER OF DOCUMENTS RG 92.002.325.626 SSP/CE AND CPF
734.453.393-68, RESIDENTIAL ADDRESS AT AVENIDA BEIRA MAR, 3500, APTO 600,
MUCURIPE, ZIP CODE 60165-121, FORTALEZA/CE; WANDER JEAN MATOS FERREIRA: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER
OF DOCUMENTS RG 92.002.325.626 AND CPF 734.453.393-68, RESIDENTIAL ADDRESS AT
AVENIDA BEIRA MAR, 3500, APTO 600, MUCURIPE, ZIP CODE 60165-121,
FORTALEZA/CE. FURTHER DETAILS ARE SO FAR NOT KNOWN. 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 FILES WERE FOUND. |
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 |
4.357 |
34.237 |
33.116 |
|
CLIENTS |
70.297 |
71.645 |
52.198 |
|
RECOVERABLE TAXES |
10.845 |
8.817 |
8.277 |
|
INVENTORY |
105.707 |
121.570 |
91.237 |
|
PRE PAID EXPENSES |
920 |
335 |
241 |
|
OTHER |
5.754 |
2.647 |
65 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
197.880 |
239.251 |
185.134 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
1.761 |
|
14.085 |
|
DEFERRED TAXES |
33.169 |
33.169 |
33.169 |
|
RECOVERABLE TAXES |
4 |
4 |
|
|
OTHER CREDITS |
117 |
114 |
114 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
35.051 |
33.287 |
47.368 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.463 |
2.463 |
513.901 |
|
FIXED ASSETS |
21.324 |
26.696 |
26.764 |
|
INTANGIBLE |
4.120 |
31 |
35 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
27.907 |
29.190 |
540.700 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
260.838 |
301.728 |
773.202 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
37.522 |
107.227 |
39.948 |
|
LOANS AND FINANCING |
66.294 |
37.105 |
31.013 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
3.917 |
3.152 |
12.493 |
|
OTHER DEBTS |
6.927 |
3.168 |
|
|
ADVANCE FROM CLIENTS |
11.168 |
4.635 |
1.813 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
125.828 |
155.287 |
85.267 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY DEBTS |
42.814 |
94.654 |
95.788 |
|
LOANS AND FINANCING |
43.187 |
18.561 |
17.540 |
|
PROVISION FOR CONTINGENCIES |
73 |
37 |
72 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
86.074 |
113.252 |
113.400 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
7.303 |
1.732 |
236.434 |
|
PROFIT RESERVES |
73.788 |
73.788 |
304.674 |
|
OTHER COMPREHENSIVE INCOME |
|
28 |
33.427 |
|
CAPITAL RESERVES |
31.743 |
|
|
|
ACCRUED PROFIT (LOSS) |
-63.898 |
-42.359 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
48.936 |
33.189 |
574.535 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
260.838 |
301.728 |
773.202 |
|
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 |
|
|
|
|
|
|
NET SALES |
461.696 |
362.942 |
351.384 |
|
(-) COST OF SOLD GOODS |
387.237 |
302.291 |
299.792 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
74.459 |
60.651 |
51.592 |
|
OPERATING REVENUE (EXPENSE) |
-76.984 |
-101.717 |
12.156 |
|
FINANCIAL REVENUE(EXPENSE) |
-18.838 |
-13.027 |
-16.373 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-21.363 |
-54.093 |
47.375 |
|
CONTRIBUTION/INCOME TAX |
-204 |
|
8.675 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-21.567 |
-54.093 |
56.050 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 46.149.996,00 |
|
|
|
FEBRUARY |
R$ 44.407.770,00 |
|
|
|
MARCH |
R$ 47.288.111,00 |
|
|
|
APRIL |
R$ 62.229.254,00 |
|
|
|
MAY |
R$ 67.643.573,00 |
|
|
|
JUNE |
R$ 70.228.270,00 |
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
337.946.974,00 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,73 |
|
,76 |
|
1,10 |
|
|
CURRENT RATIO |
1,57 |
|
1,54 |
|
2,17 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,57 |
TIMES |
5,07 |
TIMES |
6,73 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
54,81 |
DAYS |
71,06 |
DAYS |
53,48 |
DAYS |
|
INVENTORY TURNOVER |
3,66 |
TIMES |
2,49 |
TIMES |
3,29 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
34,88 |
DAYS |
127,70 |
DAYS |
47,97 |
DAYS |
|
RETURN ON ASSETS |
1,77 |
TIMES |
1,20 |
TIMES |
,45 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
9,43 |
TIMES |
10,94 |
TIMES |
,61 |
TIMES |
|
NET WORTH TIE-UP |
,44 |
|
,80 |
|
,05 |
|
|
INDEBTEDNESS |
4,33 |
|
8,09 |
|
,35 |
|
|
EQUITY RATIO |
18,76 |
% |
11,00 |
% |
74,31 |
% |
|
WORKING CAPITAL RATIO |
57,26 |
% |
54,07 |
% |
117,12 |
% |
|
GENERAL SOLVENCY |
1,23 |
|
1,12 |
|
3,89 |
|
|
RETURN ON NET EQUITY |
-44,07 |
% |
-162,98 |
% |
9,76 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-4,67 |
% |
-14,90 |
% |
15,95 |
% |
|
GROSS PROFIT MARGIN |
16,13 |
% |
16,71 |
% |
14,68 |
% |
|
OPERATIONAL RESULT |
-4,63 |
% |
-14,90 |
% |
13,48 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,67 |
TIMES |
2,34 |
TIMES |
4,12 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,48 |
- OFFICIAL RATE ON 21/08/2015 |
|
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 ANNUAL FIGURES FOR 2014 SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT HAS GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. IT SHOWS GROWING SALES BUT THE HIGH OPERATING EXPENSES DROVE THE
COMPANY TO MAKE LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
5.813.126,25
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
757.224,76
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 809.074,25
INSURANCE
|
|
INSURANCE COMPANY: |
SUL AMÉRICA CIA. NAC. DE SEGUROS |
|
COVERAGE: |
ALL RISKS |
|
VALUE: |
R$ 34.150.000,00 |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
85 3255-3000 |
|
|
BIC - BANCO INDUSTRIAL COMERCIAL S/A |
85 3281-4155 |
|
|
BANCO MERCANTIL DE CRÉDITO S/A |
85 3268-3299 |
|
|
BANCO PINE S/A |
85 3254-5544 |
|
|
BANCO ITAÚ S/A |
85 3264-3788 |
|
|
BANCO REAL (SANTANDER) S/A |
85 3488-2323 |
|
|
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 |
ACTIVITIES
COMMENTS
|
|
SUBJECT IS ENGAGED IN THE WHOLESALE AND RETAIL SALE OF CONSTRUCTION
MATERIAL AND HARDWARE. ITS MAIN TRADED PRODUCTS ARE: SQUARE BAR, BAR, PLATE,
TUBES, WIRES, NAILS AND CRAMPS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
TRINIDAD AND TOBAGO. OTHER IMPORT PROCESS OF THE GROUP ARE MADE BY AÇO CEARENSE INDUSTRIAL
LTDA. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
DAVI JACINTO SILVA |
|
83 3321-9977 |
|
DISK FERRO LTDA. |
|
|
|
ESTRUTURAL COM. SERV. LTDA. |
|
|
|
ISABEL MARIA PIMENTEL |
|
88 3611-2629 |
|
MARIA EVANDETE ALMEIDA |
|
88 3581-0040 |
|
METAL FERRO |
|
86 3383-1228 |
|
NAC. GÁS BUTANO DISTR. |
|
|
|
POLIFERRO COMERCIAL LTDA |
|
86 3323-2720 |
|
R LOPES |
|
88 3611-1937 |
|
T & A ENGENHARIA |
|
85 3242-4848 |
|
TECNOMECÂNICA ESMALTOC |
|
|
|
YPIOCA AGROINDUSTRIAL |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 501 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A FAMILY-RUN WELL-ESTABLISHED COMPANY, ENJOYING A
FAVORABLE REPUTATION. IT IS A LEADING COMPANY IN ITS LINE OF BUSINESS AND
OPERATES WITH AN INTERESTING SCALE OF ACTIVITIES. 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: |
|
PHONE: |
|
AÇO CEARENSE INDUSTRIAL LTDA |
|
85 3342-5000 |
|
APOLO PROD. AÇO S/A |
|
21 3474-2821 |
|
BELGO MINEIRA - PART. IND. E COMÉRCIO LTDA |
|
32 3229-1000 |
|
BRASILUX TINTAS TECNICAS LTDA |
|
|
|
BRASILUX TINTAS TECNICAS LTDA |
|
|
|
CEARA MOTOR LTDA |
|
|
|
DETASA BAHIA S/A |
|
71 3594-8455 |
|
FORTCOLOR TINTAS VERNIZES LTDA |
|
|
|
GERDAU S/A |
|
81 3452-7311 |
|
HODROTINTAS IND COM TINTAS LTDA |
|
|
|
NEWLAND VEIC LTDA |
|
|
|
NEWLAND VEICULOS LTDA |
|
|
|
NISSEI VEIC LTDA |
|
|
|
TECNO INDUSTRIA E COMERCIO DE COMPUTADORES LTDA |
|
|
|
TRAMONTINA SUDESTE S.A. |
|
|
|
PAYMENT HISTORY: |
|
8 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 119.831,00 |
|
|
|
AMOUNT OF INVOICES PAID: 120 |
|
TOTAL OF PROMPT PAYMENTS: 97,6% |
|
TOTAL OF DELAYED PAYMENTS: 2,4% |
|
|
|
HIGHEST INVOICE: R$ 25.000,00 |
|
HIGHEST CREDIT: R$ 25.000,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 1.699,66 |
FINAL
OPINION
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. SO FAR NOTHING DETRIMENTAL IS HEARD AND THE COMPANY AND ITS PRINCIPALS
ENJOY A GOOD REPUTATION. 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 THE NEGATIVE RESULTS THE COMPANY HAS PAYMENT CAPACITY AND IS
CONSIDERED CREDITWORTHY FOR AN INITIAL CREDIT LIMIT OF US$ 2.000.000,00. EVEN
HIGHER AMOUNTS MAY BE CONSIDERED DEPENDING ON THE BUSINESS BEING ESTABLISHED
WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.