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MIRA INFORM REPORT
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Report No. : |
486773 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CASTRO E CASTRO COMÉRCIO, INDÚSTRIA E IMPORTAÇÃO DE ARTIGOS DE PAPELARIA E AVIAMENTOS LTDA |
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Registered Office : |
Avenida Albino De Almeida,46 - Sala 606 - Campos Elíseos 27542-070 -
Resende/Rj |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
28.07.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Office Supplies and Stationery. |
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No. of Employees : |
11 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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
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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
CASTRO E CASTRO COMÉRCIO, INDÚSTRIA E IMPORTAÇÃO DE ARTIGOS DE PAPELARIA E AVIAMENTOS LTDA
ADDRESSES
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MAIN ADDRESS: |
AVENIDA ALBINO DE ALMEIDA,46 - SALA 606 - CAMPOS ELÍSEOS |
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ZIP CODE/CITY: |
27542-070 - RESENDE/RJ |
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PHONE: |
21 3359-3148 |
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E-MAIL: |
edson.souza@cacula.com / francisco.lopes@cacula.com |
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INQUIRY DETAILS: |
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GIVEN PHONE : |
55 21 3878 8852 |
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CORRECT PHONE : |
FONE EMPRESA DO GRUPO PARCO PAPELARIA LTDA |
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GIVEN ADDRESS: |
A.V.D. DONA TEREZA CRISTINA - S/N QD 07-LT 01-58 PARTE CHACARA, RIO
PETROPOLIS DUQUE DE CAXIAS-RJ CEP 25 |
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CORRECT ADDRESS: |
IND FILIAL INCOMPLETO |
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GIVEN
CONTACTPOERSON: |
MR. FRANCISCO LOPES |
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GERENTE DE COMPRAS |
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GIVEN E-MAIL: |
francisco.lopes@cacula.com |
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CORRECT E-MAIL: |
e-mail do GERENTE DE COMPRAS |
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BRANCHES: |
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ADDRESS: |
AVENIDA DONA TEREZA CRISTINA - S/Nº, QUADRA ,7 -- LOTE 01 - 58 - PARTE
- CHÁCARAS RIO PETRÓPOLIS |
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ZIP CODE/CITY: |
25230-480 DUQUE DE CAXIAS/RJ |
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CNPJ: |
08.198.623/0002-03 |
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STATE REGISTER: |
78.795.085 |
LEGAL
DATA
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MAIN ACTIVITIES: |
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WHOLESALE OF OFFICE SUPPLIES AND STATIONERY. |
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LEGAL FORM: |
LIMITED LIABILITY
COMPANY |
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INCORPORATION DATE: |
28/07/2006 |
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REGISTER DATE: |
28/07/2006 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
08.198.623/0001-22 |
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STATE REGISTER: |
78.148.101 |
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SHARE CAPITAL: |
R$ 21.000.000,00 |
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LAST REGISTER OF CAPITAL: |
23/06/2017 |
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BOARD OF
DIRECTORS: |
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MARCO ANTONIO GONÇALVES DE CASTRO |
MANAGER |
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EDUARDO DE PAULA GONCALVES DE CASTRO |
MANAGER |
AUTHORIZED
USE OF SIGNATURE
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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DMAM EMPREENDIMENTOS E PARTICIPACOES SOCIETARIAS LTDA |
34,99% |
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BEAUGENCY PARTICIPACOES LTDA |
64,99% |
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EDUARDO DE PAULA GONCALVES DE CASTRO |
0,01% |
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MARCO ANTONIO GONCALVES DE CASTRO |
0,01% |
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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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ARMARINHO 25 DE AGOSTO LTDA |
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MAMD PARTICIPACOES SOCIETARIAS LTDA |
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DBMRM ADMINISTRADORA DE BENS LTDA |
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PARCO PAPELARIA LTDA |
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ARMARINHO 25 DE AGOSTO LTDA |
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DMAM EMPREENDIMENTOS E PARTICIPACOES SOCIETARIAS LTDA |
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PAPELARIA E LIVRARIA OBELISCO LTDA |
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PARCO PAPELARIA LTDA |
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PAPELARIA E LIVRARIA OBELISCO LTDA |
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COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JULY 28, 2006 AS CASTRO E CASTRO
COMÉRCIO E IMPORTAÇÃO DE ARTIGOS DE PAPELARIA LTDA TO BE ENGAGED IN THE SAID LINE
OF BUSINESS. LATER IT ADOPTED THE ABOVE-MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME OF "CAÇULA" FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- 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. |
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PUBLIC RECORDS
INFORMATION: |
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PROTESTS: |
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7 PROTESTS,TOTAL AMOUNT R$
5.052,15 |
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DATE OF FIRST PROTEST:
01/2014 R$ 658,35 |
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DATE OF HIGHEST PROTEST:
10/2016 R$ 1.910,00 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE DUQUE DE CAXIAS/RS |
09/11/2017 |
R$ 163,26 |
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2º CARTORIO DE DUQUE DE CAXIAS/RS |
14/10/2016 |
R$ 1.910,00 |
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2º CARTORIO DE DUQUE DE CAXIAS/RS |
10/05/2017 |
R$ 128,12 |
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1º CARTORIO DE DUQUE DE CAXIAS/RS |
03/01/2018 |
R$ 132,57 |
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2º CARTORIO DE DUQUE DE CAXIAS/RS |
14/10/2016 |
R$ 128,12 |
FINANCIAL
INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
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CASH AND CASH EQUIVALENTS |
194 |
333 |
349 |
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CLIENTS |
52.834 |
26.941 |
20.933 |
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DOUBTFUL DEBTORS |
-961 |
-961 |
-833 |
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INVENTORY |
14.811 |
13.236 |
9.782 |
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PRE PAID EXPENSES |
1 |
3 |
71 |
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OTHER CREDITS |
555 |
407 |
6.691 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
67.434 |
39.959 |
36.993 |
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LONG-TERM
RECEIVABLES: |
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OTHER CREDITS |
2.468 |
2.468 |
1.210 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
2.468 |
2.468 |
1.210 |
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FIXED ASSETS: |
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INTANGIBLE |
2 |
2 |
2 |
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FIXED ASSETS |
361 |
361 |
361 |
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
363 |
363 |
363 |
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================ |
================ |
================ |
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TOTAL ASSETS |
70.265 |
42.790 |
38.566 |
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LIABILITIES: |
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CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
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SUPPLIERS |
13.447 |
2.754 |
191 |
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SOCIAL OBLIGATIONS |
37 |
36 |
44 |
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TRIBUTARY OBLIGATIONS |
2.112 |
932 |
1.385 |
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OTHER DEBTS |
149 |
117 |
225 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
15.745 |
3.839 |
1.845 |
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LONG TERM
LIABILITIES: |
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LOANS AND FINANCING |
2.707 |
7 |
8.857 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
2.707 |
7 |
8.857 |
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NET EQUITY: |
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SHARE CAPITAL |
11.350 |
11.350 |
2.500 |
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ACCRUED PROFIT (LOSS) |
40.463 |
27.594 |
25.364 |
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
51.813 |
38.944 |
27.864 |
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================ |
================ |
================ |
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TOTAL LIABILITIES |
70.265 |
42.790 |
38.566 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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31/12/2016 |
31/12/2015 |
31/12/2014 |
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GROSS SALES |
62.282 |
42.780 |
37.426 |
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(-) TAXES ON SALES |
10.781 |
8.628 |
7.446 |
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---------------- |
---------------- |
---------------- |
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NET SALES |
51.501 |
34.152 |
29.980 |
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(-) COST OF SOLD GOODS |
29.679 |
25.372 |
19.374 |
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---------------- |
---------------- |
---------------- |
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GROSS PROFIT |
21.822 |
8.780 |
10.606 |
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OPERATING REVENUE (EXPENSE) |
-6.830 |
-5.054 |
-5.158 |
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FINANCIAL REVENUE(EXPENSE) |
6 |
574 |
-95 |
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---------------- |
---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
14.998 |
4.300 |
5.353 |
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CONTRIBUTION/INCOME TAX |
-1.853 |
-1.108 |
-954 |
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|
---------------- |
---------------- |
---------------- |
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NET PROFIT (LOSS) |
13.145 |
3.192 |
4.399 |
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RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
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QUICK RATIO |
3,34 |
|
6,96 |
|
14,75 |
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CURRENT RATIO |
4,28 |
|
10,41 |
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20,05 |
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ACCOUNTS RECEIVABLE TURNOVER |
,97 |
TIMES |
1,27 |
TIMES |
1,43 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
369,32 |
DAYS |
283,99 |
DAYS |
251,36 |
DAYS |
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INVENTORY TURNOVER |
2,00 |
TIMES |
1,92 |
TIMES |
1,98 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
163,11 |
DAYS |
39,08 |
DAYS |
3,55 |
DAYS |
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RETURN ON ASSETS |
,73 |
TIMES |
,80 |
TIMES |
,78 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
,99 |
TIMES |
,88 |
TIMES |
1,08 |
TIMES |
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NET WORTH TIE-UP |
,01 |
|
,01 |
|
,01 |
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INDEBTEDNESS |
,36 |
|
,10 |
|
,38 |
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EQUITY RATIO |
73,74 |
% |
91,01 |
% |
72,25 |
% |
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WORKING CAPITAL RATIO |
328,29 |
% |
940,87 |
% |
1.905,04 |
% |
|
GENERAL SOLVENCY |
3,81 |
|
11,13 |
|
3,60 |
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RETURN ON NET EQUITY |
25,37 |
% |
8,20 |
% |
15,79 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
25,52 |
% |
9,35 |
% |
14,67 |
% |
|
GROSS PROFIT MARGIN |
42,37 |
% |
25,71 |
% |
35,38 |
% |
|
OPERATIONAL RESULT |
29,12 |
% |
12,59 |
% |
17,86 |
% |
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SALES TURNOVER ON LIABILITIES |
3,27 |
TIMES |
8,90 |
TIMES |
16,25 |
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 GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED HIGH GROWING SALES AND PROFITABILITY. |
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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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NOT AVAILABLE. |
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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
|
|
WHOLESALE OF OFFICE SUPPLIES AND STATIONERY. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
HONG KONG. |
EXPORTS TO:
|
NOT AVAILABLE. |
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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: 11 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
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THE SUBJECT WAS ESTABLISHED IN 2006. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL 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. THE PROTESTS ARE IRRELEVANT. |
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MAIN SUPPLIERS: |
|
|
|
|
|
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DOMESTIC SUPPLIERS: |
|
|
|
NOT AVAILABLE. |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
FAMOUS WILL LTD |
HONG KONG |
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PAYMENT HISTORY: |
|
3 SUPPLIERS REPORTED PAYMENTS: |
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AMOUNT OF INVOICES PAID: 9 |
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TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 172.954,00 |
|
HIGHEST CREDIT: R$ 172.954,00 |
FINAL
OPINION
|
|
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 |
INR 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
|
BRL |
1 |
INR 20.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.