|
Report No. : |
342093 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HBEX COMERCIAL EXPORTADORA E IMPORTADORA LTDA |
|
|
|
|
Registered Office : |
Rua Dr. Pedro Zimmermann, 5220, Galpão 06 - Itoupava Central 89068-000
- Blumenau/SC |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
10.01.2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Export, import and wholesale of goods in general. |
|
|
|
|
No. of Employees : |
8 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 : |
Slow but correct |
|
|
|
|
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 |
HBEX
COMERCIAL EXPORTADORA E IMPORTADORA LTDA
|
MAIN ADDRESS: |
RUA DR. PEDRO ZIMMERMANN, 5220, GALPÃO 06 - ITOUPAVA CENTRAL |
|
ZIP CODE/CITY: |
89068-000 - BLUMENAU/SC |
|
|
|
|
PHONE: |
47 3339-7545 |
|
E-MAIL: |
renato@hbex.com.br |
|
WEB SITE: |
www.hbex.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA BAHIA, 8310 SALA 01 - PASSO MANSO |
|
ZIP CODE/CITY: |
89032-525 BLUMENAU/SC |
|
PHONE: |
47 3288-0030 |
|
CNPJ: |
07.787.499/0002-59 |
|
MAIN ACTIVITIES: |
|
EXPORT, IMPORT AND WHOLESALE OF GOODS IN GENERAL. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
10/01/2006 |
|
REGISTER DATE: |
10/01/2006 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
07.787.499/0001-78 |
|
STATE REGISTER: |
255.116.039 |
|
|
|
|
SHARE CAPITAL: |
R$ 700.000,00 |
|
LAST REGISTER OF CAPITAL: |
01/09/2014 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
RENATO HILDEBRANDT |
MANAGING PARTNER |
|
CACIO HILDEBRANDT |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
RENATO HILDEBRANDT |
R$ 665.000,00 |
|
CÁCIO HILDEBRANDT |
R$ 35.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR
DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
CLAROBIO INTERNATIONAL LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 10, 2006 AS "LUSO BRASILEIRA
COMERCIAL EXPORTADORA LTDA" TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
LATER IT ADOPTED THE NAME "H & C COMERCIAL EXPORTAD7ORA E
IMPORTADORA LTDA" AND ON OCTOBER 02, 2014 IT ADOPTED THE ABOVE MENTIONED
NAME. BUSINESS ADDRESS HAS CHANGED FROM (RUA SÃO PAULO, 2388 SALA 101 -
ITOUPAVA SECA, CEP 89030-000, BLUMENAU/SC) TO THE PRESENT REGISTERED ONE. PARTNERS: RENATO HILDEBRANDT, BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS, RG 2.179.888 SSP/SC AND CPF 660.450.889-72, RESIDENTIAL ADDRESS AT
RUA ARTHUR ZARLING, 5.350, BAIRRO WARNOW ALTO - INDAIAL/SC. CÁCIO HILDEBRANDT, BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF
DOCUMENTS, RG 4/C 3.370.237 SSP/SC AND CPF 924.592.859-49, RESIDENTIAL
ADDRESS AT RUA ZÉLIA FERREIRA BLUM, S/N, IROUPAVA CENTRAL - BLUMENAU/SC. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
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 |
380.456,31 |
788.968,11 |
538.393,46 |
|
CLIENTS |
486.599,00 |
3.282.321,41 |
1.171.704,83 |
|
INVENTORY |
3.960.324,72 |
7.918.606,20 |
4.666.401,78 |
|
RECOVERABLE TAXES |
56.062,71 |
78.028,47 |
78.642,52 |
|
OTHER CREDITS |
3.609,03 |
4.096,53 |
5.534,01 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
4.887.051,77 |
12.072.020,72 |
6.460.676,60 |
|
LONG-TERM RECEIVABLES:
|
|
|
|
|
|
|
|
|
|
GRANTED LOANS |
236.345,92 |
1.290,50 |
6.272,75 |
|
INVESTMENTS |
51.800,00 |
11.000,00 |
4.000,00 |
|
RECOVERABLE TAXES |
1.486,64 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
289.632,56 |
12.290,50 |
10.272,75 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
123.772,75 |
107.541,08 |
237.002,18 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
123.772,75 |
107.541,08 |
237.002,18 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
5.300.457,08 |
12.191.852,30 |
6.707.951,53 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
731.412,79 |
984.160,62 |
515.864,94 |
|
LOANS AND FINANCING |
589.575,19 |
589.382,84 |
672.885,76 |
|
OTHER DEBTS |
3.688.606,32 |
7.295.222,39 |
4.095.710,94 |
|
LABOR OBLIGATIONS |
10.001,99 |
6.071,79 |
5.721,63 |
|
TAX LIABILITIES |
388.000,09 |
319.282,19 |
202.350,25 |
|
PROVISIONS |
19.995,17 |
8.448,33 |
8.156,74 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
5.427.591,55 |
9.202.568,16 |
5.500.690,26 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
|
3.000,00 |
219.000,00 |
|
OTHER |
|
|
60.000,00 |
|
INSTALLMENTS TAXES PAYABLE |
26.593,25 |
46.258,44 |
39.216,20 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
26.593,25 |
49.258,44 |
318.216,20 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
700.000,00 |
50.000,00 |
50.000,00 |
|
CAPITAL RESERVES |
2.404,12 |
2.404,12 |
2.404,12 |
|
PROFIT RESERVES |
|
2.887.621,58 |
836.640,95 |
|
ACCRUED PROFIT (LOSS) |
-856.131,84 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
-153.727,72 |
2.940.025,70 |
889.045,07 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
5.300.457,08 |
12.191.852,30 |
6.707.951,53 |
|
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 |
6.021.557,32 |
12.840.012,27 |
4.304.318,46 |
|
(-) TAXES ON SALES |
1.181.042,12 |
1.296.269,81 |
1.196.339,73 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
4.840.515,20 |
11.543.742,46 |
3.107.978,73 |
|
(-) COST OF SOLD GOODS |
3.269.333,92 |
7.291.697,01 |
1.605.226,04 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.571.181,28 |
4.252.045,45 |
1.502.752,69 |
|
OPERATING REVENUE (EXPENSE) |
-736.628,80 |
-425.303,64 |
-301.043,41 |
|
FINANCIAL REVENUE(EXPENSE) |
-106.049,42 |
-488.311,25 |
-65.195,99 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
728.503,06 |
3.338.430,56 |
1.136.513,29 |
|
CONTRIBUTION/INCOME TAX |
-295.688,83 |
-457.502,15 |
-262.002,67 |
|
PROFIT SHARING |
-418.946,69 |
-843.388,41 |
-454.191,35 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
13.867,54 |
2.037.540,00 |
420.319,27 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 769.182,83 |
|
|
|
FEBRUARY |
R$ 2.151.800,75 |
|
|
|
MARCH |
R$ 591.129,90 |
|
|
|
APRIL |
R$ 601.557,20 |
|
|
|
MAY |
R$ 584.956,94 |
|
|
|
JUNE |
R$ 703.801,84 |
|
|
|
JULY |
R$ 564.361,77 |
|
|
|
AUGUST |
R$ 611.248,31 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 6.578.039,54 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,17 |
|
,45 |
|
,33 |
|
|
CURRENT RATIO |
,90 |
|
1,31 |
|
1,17 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
9,95 |
TIMES |
3,52 |
TIMES |
2,65 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
36,19 |
DAYS |
102,36 |
DAYS |
135,72 |
DAYS |
|
INVENTORY TURNOVER |
,83 |
TIMES |
,92 |
TIMES |
,34 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
80,54 |
DAYS |
48,59 |
DAYS |
115,69 |
DAYS |
|
RETURN ON ASSETS |
,91 |
TIMES |
,95 |
TIMES |
,46 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
-31,49 |
TIMES |
3,93 |
TIMES |
3,50 |
TIMES |
|
NET WORTH TIE-UP |
-,81 |
|
,04 |
|
,27 |
|
|
INDEBTEDNESS |
-35,48 |
|
3,15 |
|
6,55 |
|
|
EQUITY RATIO |
-2,90 |
% |
24,11 |
% |
13,25 |
% |
|
WORKING CAPITAL RATIO |
-9,96 |
% |
31,18 |
% |
17,45 |
% |
|
GENERAL SOLVENCY |
,97 |
|
1,32 |
|
1,15 |
|
|
RETURN ON NET EQUITY |
-9,02 |
% |
69,30 |
% |
47,28 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,29 |
% |
17,65 |
% |
13,52 |
% |
|
GROSS PROFIT MARGIN |
32,46 |
% |
36,83 |
% |
48,35 |
% |
|
OPERATIONAL RESULT |
15,05 |
% |
28,92 |
% |
36,57 |
% |
|
SALES TURNOVER ON LIABILITIES |
,89 |
TIMES |
1,25 |
TIMES |
,57 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 4,04 |
- OFFICIAL RATE ON 22/09/2015 |
|
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 AN UNBALANCED FINANCIAL STANDING. IT
HAD LOW LIQUIDITY AND VERY HIGH LEVEL OF INDEBTEDNESS (WITH NEGATIVE NET
EQUITY). FURTHER, HALVED AND POSTED SMALL PROFIT. REMARKS: THE COMPANY DID NOT PROVIDE CLARIFICATION ABOUT SUCH VARIATION IN
SALES. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
0095-7 |
|
|
BANCO ITAÚ S/A |
1293 |
|
|
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"). |
|
EXPORT, IMPORT AND WHOLESALE OF GOODS IN GENERAL. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 46.42-7-01 - WHOLESALE OF WEARING APPAREL AND ACCESSORIES; 46.23-1-01 - WHOLESALE OF LIVE ANIMALS; 46.34-6-01 - WHOLESALE OF CATTLE MEAT AND PRODUCTS OF MEAT; 46.34-6-03 - WHOLESALE OF FISH AND SEAFOOD. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
||
|
|
||
|
THE COMPANY HAS: 8 EMPLOYEE(S) |
||
|
THE SUBJECT IS A FAMILY-OWNED COMPANY, OPERATING SINCE 2006. SO FAR IT
HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT BEHAVIOR. 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: |
|
|
|
ELIAN INDUSTRIA TEXTIL LTDA |
|
|
|
FAKINI MALHAS LTDA |
|
|
|
LUNENDER TEXTIL LTDA |
|
|
|
MALHARIA CRISTINA LTDA |
|
|
|
MARLAN MALHAS LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
A.H.A INTERNATIONAL CO. LTD |
CHINA |
864673794 |
|
SUZHOU HENGRUNDA IMP & EXP CO. LTD. |
CHINA |
(866) 723-3633 |
|
ZAGATUS BUSINESS DEVELOPMENT LIMITED |
HONG KONG |
(862) 286-0139 |
|
PAYMENT HISTORY: |
|
01 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.790,00 |
|
|
|
AMOUNT OF INVOICES PAID: 8 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 401,00 |
|
HIGHEST CREDIT: R$ 401,00 |
|
BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY
SECURED TERMS ONLY DUE TO THE UNBALANCED FINANCIAL STANDING. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
UK Pound |
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.