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MIRA INFORM REPORT
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Report No. : |
489705 |
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Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
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Name : |
NEW SAFRA IMPORTADORA E DISTRIBUIDORA LTDA |
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Registered Office : |
Rua Professor Euripedes Simoes De Paula, 310 – Brás, 03006-010 - São
Paulo/SP |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
15.09.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade of Food Products. |
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No. of Employees : |
13 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Brazil is the eighth-largest economy in the world, but is recovering from a recession in 2015 and 2016 that ranks as the worst in the country’s history. Falling commodity prices reduced export revenues and investment, which weakened the Brazilian real and cut tax revenues. The weaker real made existing public debt, which was largely denominated in foreign currency, more expensive. Lower tax revenues strained the government budget.
Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth helped to push public debt to 78% of GDP at the end of 2017, up from 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, may have boosted employment at the expense of investment.
Former President Dilma ROUSSEFF was impeached and convicted in August 2016 for moving funds among government budgets; the economy has also been affected by multiple corruption scandals involving private companies and government officials. Sanctions against the firms involved — some of the largest in Brazil — has limited their business opportunities, producing a ripple effect on associated businesses and contractors. In addition, investment in these companies has declined because of the scandals.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to the volatility of foreign markets. Brazil and its Mercosur partners have pledged to open the bloc to more trade and investment, but changes require approval of all five members, which makes policy adjustments too difficult to enact.
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Source
: CIA |
Company name
NEW
SAFRA IMPORTADORA E DISTRIBUIDORA LTDA
ADDRESSE
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MAIN ADDRESS: |
RUA PROFESSOR EURIPEDES SIMOES DE PAULA, 310 - BRÁS |
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ZIP CODE/CITY: |
03006-010 - SÃO PAULO/SP |
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PHONE: |
11 3227-8581 |
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E-MAIL: |
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INQUIRY DETAILS: |
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GIVEN ADDRESS |
RUA FERNANDES SILVA, 211-BRAS-SÃO PAULO/SP CEP 0300-010 CNPJ
14.495.630/0001-99,BRAZIL |
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CORRECT ADDRESS |
THE BUSINESS ADDRESS HAS CHANGED TO THE PRESENT REGISTERED ONE. |
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BRANCHES: |
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ADDRESS: |
RUA DO LUCAS, 180 - BRAS |
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ZIP CODE/CITY: |
03005-000 SÃO PAULO/SP |
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CNPJ: |
14.495.630/0004-31 |
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ADDRESS: |
RUA DA ALFÂNDEGA, 200 SALA 262 - BRAS |
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ZIP CODE/CITY: |
03006-030 SÃO PAULO/SP |
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CNPJ: |
14.495.630/0003-50 |
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ADDRESS: |
RUA FERNANDES SILVA, 211 - BRÁS |
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ZIP CODE/CITY: |
03005-010 SÃO PAULO/SP |
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CNPJ: |
14.495.630/0005-12 |
LEGAL DATA
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MAIN ACTIVITIES: |
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TRADE OF FOOD PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
15/09/2011 |
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REGISTER DATE: |
15/09/2011 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
14.495.630/0001-99 |
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STATE REGISTER: |
146.636.799.110 |
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SHARE CAPITAL: |
R$ 200.000,00 |
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BOARD OF
DIRECTORS: |
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GASPAR LUIZ DE MELO |
MANAGING PARTNER |
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RONAN GUILHERME PALERMO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS/
PARTNERS: |
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RONAN GUILHERME PALERMO |
R$ 100.000,00 |
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GASPAR LUIZ DE MELO |
R$ 100.000,00 |
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AFFILIATES/
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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N E IMPORTADORA E DISTRIBUIDORA DE ALIMENTOS LTDA |
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GRAMADOS TRANSPORTES LTDA |
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PALERMO INDUSTRIA E COMERCIO DE ALIMENTOS LTDA - EPP |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 15, 2011 AS NOVA SAFRA
IMPORTADORA E DISTRIBUIDORA LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
ON MAY 03, 2016 IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. BUSINESS ADDRESS HAS CHANGED FROM (RUA DO LUCAS 180, BRAS, SÃO
PAULO/SP, ZIP CODE 03005-000) TO THE PRESENT REGISTERED ONE. BUSINESS ADDRESS HAS CHANGED FROM (RUA FERNANDES SILVA,211 - BRAS, SÃO
PAULO/SP) TO THE PRESENT REGISTERED ONE. PARTNERS: GASPAR LUIZ DE MELO, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS,
CPF: 246.004.586-72, RG/RNE: 272774455 - SP, RESIDENTIAL ADDRESS AT RUA
COELHO LISBOA, 579, APTO. 202, CIDADE MÃE DO CÉU, ZIP CODE 03323-040, SAO
PAULO - SP. RONAN GUILHERME PALERMO, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS,
CPF: 349.068.578-41 AND RG/RNE: 347584986 - SP, RESIDENTIAL ADDRESS AT RUA
ATUCURI, 637, APTO. 122, TATUAPÉ, ZIP CODE 03411-000, SAO PAULO - SP. 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 RECORDS. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL
SOURCES USUALLY INVESTIGATED. |
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PUBLIC RECORDS
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2015. |
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(FIGURES ARE IN REAIS). |
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ASSETS |
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CURRENT: |
31/12/2015 |
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CASH AND CASH EQUIVALENTS |
2.021.169,94 |
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CLIENTS |
1.960.602,38 |
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INVENTORY |
6.610.946,13 |
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RECOVERABLE TAXES |
47.760,56 |
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---------------- |
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TOTAL CURRENT ASSETS |
10.640.479,01 |
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FIXED ASSETS: |
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FIXED ASSETS |
662.153,96 |
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---------------- |
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TOTAL FIXED ASSETS |
662.153,96 |
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================ |
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TOTAL ASSETS |
11.302.632,97 |
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LIABILITIES: |
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CURRENT: |
31/12/2015 |
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LOANS AND FINANCING |
211.562,50 |
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TAXES & CONTRIBUTIONS |
89.020,70 |
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SUPPLIERS |
10.546.735,76 |
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---------------- |
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TOTAL CURRENT LIABILITIES |
10.847.318,96 |
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NET EQUITY: |
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SHARE CAPITAL |
200.000,00 |
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PROFIT RESERVES |
74.772,23 |
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PROFIT (LOSS) OF PERIOD |
578.042,28 |
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PROFIT SHARING |
-397.500,50 |
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TOTAL NET EQUITY |
455.314,01 |
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================ |
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TOTAL LIABILITIES |
11.302.632,97 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2015. |
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( FIGURES ARE IN REAIS ). |
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31/12/2015 |
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GROSS SALES |
51.985.209,06 |
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(-) TAXES ON SALES |
6.672.781,74 |
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NET SALES |
45.312.427,32 |
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(-) COST OF SOLD GOODS |
40.094.359,61 |
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GROSS PROFIT |
5.218.067,71 |
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OPERATING REVENUE (EXPENSE) |
-4.348.128,07 |
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FINANCIAL REVENUE(EXPENSE) |
-30.481,65 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
839.457,99 |
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CONTRIBUTION/INCOME TAX |
-261.415,71 |
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---------------- |
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NET PROFIT (LOSS) |
578.042,28 |
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MONTHLY SALES |
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2016 |
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--------------------- |
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JANUARY |
R$ 7.640.636,00 |
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FEBRUARY |
R$ 6.902.714,00 |
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MARCH |
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APRIL |
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MAY |
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JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 14.543.350,00 |
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RATIOS: |
31/12/2015 |
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QUICK RATIO |
,37 |
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CURRENT RATIO |
,98 |
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ACCOUNTS RECEIVABLE TURNOVER |
23,11 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
15,58 |
DAYS |
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INVENTORY TURNOVER |
6,06 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
94,70 |
DAYS |
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RETURN ON ASSETS |
4,01 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
99,52 |
TIMES |
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NET WORTH TIE-UP |
1,45 |
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INDEBTEDNESS |
23,82 |
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EQUITY RATIO |
4,03 |
% |
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WORKING CAPITAL RATIO |
-1,91 |
% |
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GENERAL SOLVENCY |
1,04 |
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RETURN ON NET EQUITY |
126,95 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
1,28 |
% |
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GROSS PROFIT MARGIN |
11,52 |
% |
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OPERATIONAL RESULT |
1,85 |
% |
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SALES TURNOVER ON LIABILITIES |
4,18 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A REGULAR FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS VERY HIGH AND IT IS NOTED LOW CURRENT RATIO. ON THE OTHER
HAND IT SHOWS PROFITABILITY. IN THE ABSENCE OF UPDATED FINANCIAL INFORMATION NO COMMENTS CAN BE
MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
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NOT AVAILABLE |
BANKING REFERENCES
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BRANCH/PHONE: |
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BANCO ITAU S/A |
0003 / 3003-3160 |
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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 NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
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TRADE OF FOOD PRODUCTS. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 46.39-7-01 - WHOLESALE OF FOOD PRODUCTS IN GENERAL 45.12-9-01 - COMMERCIAL REPRESENTATION AND TRADE AGENTS OF VEHICLES |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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CHINA |
EXPORTS TO:
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DOES NOT HAVE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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NOT AVAILABLE |
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STAFF: |
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THE COMPANY HAS: 13 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 2011. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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GURIRI IMPORTADORA |
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11 3227-1036 |
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JTX DISTRIBUIDORA |
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11 3315-9301 |
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NE IMPORTADORA |
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11 3326-9526 |
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OLAM BRASIL |
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11 3017-8499 |
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T&T DISTRIBUIDORA |
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11 3227-0955 |
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PAYMENT HISTORY: |
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1 SUPPLIER REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 15 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 73.483,00 |
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HIGHEST CREDIT: R$ 73.483,00 |
FINAL OPINION
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BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES AT ITS TURN, SHOULD BE
LIMITED TO SMALL AMOUNTS ONLY OR BE CARRIED OUT IN FULLY SECURED TERMS AS THE
SUBJECT HAS A LOW FINANCIAL POWER AND NO UPDATED FINANCIAL DATA IS NOT
AVAILABLE. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.37 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 78.89 |
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BRL |
1 |
INR 19.50 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.