|
|
|
MIRA
INFORM REPORT
|
Report No. : |
515175 |
|
Report Date : |
21.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
INBRAND SA |
|
|
|
|
Registered Office : |
Rua
Coronel Luis Barroso, 151 Parte - Santo Amaro, |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2018 |
|
|
|
|
Date of Incorporation : |
30.06.2007 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
Line of Business : |
Retail Sale of Wearing Apparel and Accessories. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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. In 2017, Brazil`s GDP grew 1%, inflation fell to historic lows of 2.9%, and the Central Bank lowered benchmark interest rates from 13,75% in 2016 to 7% in 2017.
Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth pushed public debt to 73.7% of GDP at the end of 2017, up from over 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, 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 — have limited their business opportunities, producing a ripple effect on associated businesses and contractors but creating opportunities for foreign companies to step into what had been a closed market. The following TEMER administration implemented a series of fiscal and structural reforms to restore credibility to government finances. Congress approved legislation in December 2016 to cap public spending, and in mid-2017 passed labor reforms. The government also boosted infrastructure projects, such as oil and natural gas auctions, in part to raise revenues.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc that includes Argentina, Paraguay and Uruguay - Venezuela’s membership in the organization was suspended In August 2017. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to volatile foreign markets and it currently is negotiating Free Trade Agreements with the European Union and Canada.
|
Source
: CIA |
COMPANY NAME AND ADDRESS
INBRANDS S/A
ADDRESSES:
|
MAIN ADDRESS: |
RUA
CORONEL LUIS BARROSO, 151 PARTE - SANTO AMARO, |
|
ZIP
CODE/CITY: |
04.750-030
- SÃO PAULO/SP |
|
|
|
|
PHONE: |
11
2186-9000 |
|
E-MAIL: |
ciro.brito@inbrands.com.br |
|
WEB
SITE: |
www.inbrands.com.br |
INQUIRY DETAILS
|
GIVEN NAME: |
INBRAND
SA |
|
REMARK: |
THE INFORMED NAME IS INCOMPLETE. THE CORRECT ONE IS
STATED ABOVE |
|
GIVEN ADDRESS: |
ROD REGIS BITTENCOURT, 1962/GALPAO 3/EMBU DAS ARTES
SP |
|
REMARK: |
THE REQUESTD ADDRESS BELONGS TO A BRANCH, STATED
BELOW |
BRANCHES
|
ADDRESS: |
AV
TANCREDO NEVES, 2915 LJ. 222, PS L2 - CAMINHO DAS ARVORES, |
|
ZIP
CODE/CITY: |
41820-910
SALVADOR/BA |
|
|
|
|
ADDRESS: |
ESTRADA
MUNICIPAL DE ITUPEVA IVA 118,9999, LJ.,9 A, OUTLET - RIO A BAIXO |
|
ZIP
CODE/CITY: |
13295-000
ITUPEVA/SP |
|
CNPJ: |
090543850 |
|
|
|
|
ADDRESS: |
AVENIDA
BRIGADEIRO FARIA LIMA, 2232 LJ X. /81/82 - JARDIM PAULISTA, |
|
ZIP
CODE/CITY: |
01451-000
SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RUA
DR. ANTONIO BENTO, 257 - SANTO AMARO, |
|
ZIP
CODE/CITY: |
04750-000
SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RODOVIA
RAPOSO TAVARES, 23500 LOJAS 216/217, |
|
ZIP
CODE/CITY: |
06709-015
COTIA/SP |
|
|
|
|
ADDRESS: |
RODOVIA
RS 239, 5966 LM 19 - BAIRRO INDUSTRIAL II, |
|
ZIP
CODE/CITY: |
93700-000
CAMPO BOM/RS |
|
|
|
|
ADDRESS: |
AVENIDA
ACESSO RODOVIÁRIO, S/Nº. QUADRA 09, MÓDULOS 02/3, |
|
ZIP
CODE/CITY: |
SERRA/ES
|
|
|
|
|
ADDRESS: |
RODOVIA
REGIS BITTENCOURT, 1962 GALPAO 03, KM 282 - AGUA MORNA, |
|
ZIP
CODE/CITY: |
06818-000
EMBU DAS ARTES/SP |
|
PHONE: |
11
2186-9530 |
|
CNPJ: |
09.054.385/0222-02 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
RETAIL SALE OF WEARING APPAREL AND ACCESSORIES. |
|
LEGAL FORM: |
PUBLICLY HELD CORPORATION |
|
|
|
|
INCORPORATION
DATE: |
30/06/2007 |
|
REGISTER
DATE: |
22/01/2008 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER (CNPJ): |
09.054.385/0001-44 |
|
STATE
REGISTER: |
149.800.206.115 |
|
|
|
|
SHARE
CAPITAL: |
R$
392.948.516,09 |
|
LAST
REGISTER OF CAPITAL: |
28/04/2017 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
PAULO
JOSÉ MARQUES SOARES |
PRESIDENT
DIRECTOR |
|
LUIS
CARLOS MELONI |
ADM./FINANCIAL
MANAGER |
|
JANAÍNA
MACHADO DA SILVA |
DIRECTOR |
|
CLÁUDIA
CARVALHO DE ALENCASTRO GUIMARAES |
DIRECTOR |
|
ADRIANA
ROCHA BOZON |
DIRECTOR |
|
FLÁVIO
MARCELO MUSA DE CARVALHO LEITE |
DIRECTOR |
|
MARIANA
GAMA COSTABILE MATTAR |
DIRECTOR |
|
ROGÉRIO
OKADA |
DIRECTOR |
|
DENIS
SOARES DIAS |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
FUNDO
DE INVESTIMENTO EM PARTICIPACOES PCP |
37,924000% |
|
FUNDO
DE INVESTIMENTO EM PARTICIPACOES AMAZON |
30,304000% |
|
NELSON
ALVARENGA FILHO |
14,517000% |
|
COMPANHIA
BAUER - RJ - ATIVIDADES AGROP. E PARTICIPAÇÕES |
7,962000% |
|
RICARDO
DIAS DA CRUZ AFFONSO FERREIRA |
2,424000% |
|
AMERICO
FERNANDO RODRIGUES BREIA |
1,051000% |
|
FREDERICO
DERZIE LUZ |
1,087000% |
|
GLORIA
MARIA MIRANDA MARQUES |
0,347000% |
|
CARLOS
ANDRE DE LAURENTIS |
0,311000% |
|
G5
CONSULTORIA E ASSESSORIA LTDA. |
0,248000% |
|
SERGIO
AUGUSTO VILLACA VILLAS BOAS |
0,100000% |
|
CASSIANO
LEMOS DA CUNHA |
0,064000% |
|
FLAVIO
DOS SANTOS DE NIJS |
0,033000% |
|
CORRADO
VAROLI |
0,055000% |
|
MARCELO
ANDRE LAJCHTER |
0,055000% |
|
RENATO
KLARNET |
0,055000% |
|
CARLOS
RANDOLPHO GROS |
0,028000% |
|
THIAGO
CARVALHO MACHADO DA COSTA |
0,017000% |
|
ANDRE
FELIPE BENCHIMOL |
0,014000% |
|
ANDRE
ZYLBERBERG |
0,010000% |
|
MICHAEL
EDWARD VAN DIJK GAGLIARDI |
0,007000% |
|
FLAVIO
ELGARTEN |
0,003000% |
|
PAULO
SERGIO DE BRITO RODRIGUES |
0,149000% |
|
OUTROS |
3,235000% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
LUMINOSIDADE MARKETING E PRODUÇÕES S.A. |
75,00% |
|
LUMI 5 PROPAGANDA, MARKETING E EVENTOS LTDA. |
97,00% |
|
TOMMY HILFIGER DO BRASIL S.A. |
50,00% |
|
INBRANDS INDUSTRIA DE ROUPAS S/A |
100,00% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JUNE 30, 2007 TO BE
ENGAGED IN THE SAID LINE OF BUSINESS BUT STARTED OPERATING ON JANUARY 01, 2008.
AT THIS SAME DATE ELLUS INDUSTRIA E COMERCIO LTDA UNDERWENT PARTIAL SPLIT,
WHICH WAS TAKEN OVER BY SUBJECT. ON AUGUST 31, 2008 SUBJECT TOOK OVER THE COMPANY
CRISTALYS PARTICIPACOES S/A. ON FEBRUARY 25, 2011 THE NAME WAS ALTERED FROM ELLUS
DO BRASIL CONFECÇÕES E COMÉRCIO S.A., TO INBRANDS S.A. ON DECEMBER 2010 THE COMPANY ACQUIRED, THROUGH THE
SUBSIDAIRY INBRANDS ESTILO PARTICIPAÇÕES S.A., THE REMAINING STAKE 30,0% OF
THE SHARE CAPITAL OF A.H. CONFECÇÕES S.A., THEN HELD BY ALEXANDRE
HERCHCOVITCH AND BECAME HOLDER OF 100,0% OF THE SHARES OF THIS COMPANY. ON MARCH 31, 2011: (I) ACQUIRED 100,0% OF THE SHARE
CAPITAL OF VR HOLDING PARTICIPAÇÕES LTDA., COMPANY CONTROLLED BY VR INDÚSTRIA
E COMÉRCIO DO VESTUÁRIO S.A. ON MAY 30, 3011 IT WAS COMPLETED THE CORPORATE
REORGANIZATION OF RICHARDS PARTICIPAÇÕES, WHICH ENCOMPASSED THE FOLLOWING
STEPS: PARTIAL SPIN OFF OF RICHARDS PARTICIPAÇÕES S.A.,
WITH THE TRANSFERENCE OF THE SPIN PART TO THE NEWLY SETUP COMPANY ARAPILES RJ
PARTICIPAÇÕES LTDA., WHICH WAS LETER TAKEN OVER BY THE SUBJECT (I) RICHARDS
PARTICIPAÇÕES S.A. WITHDREW FROM THE SUBJECT'S PARTNERSHIP, AND (II) THE
PARTNERS OF ARAPILES RJ PARTICIPAÇÕES LTDA. BECAME HOLDER OF 4,00% OF
SUBJECT'S SHARE CAPITAL. BETWEEN JULY AND AUGUST 2012, AIMING AT SIMPLIFYING
THE CORPORATE STRUCTURE AND ADMINISTRATIVE COSTS OF THE INBRANDS GROUP, AS
FOLLOWS: (I) ON JULY 25, 2012 SUBJECT TOOKOVER THE SUBSIDIARIES INBRANDS MODA
SÃO PAULO PARTICIPAÇÕES S.A., INBRANDS MODA RIO PARTICIPAÇÕES S.A. AND
INBRANDS ESTILO PARTICIPAÇÕES S.A. AND (II) ON JULY 01, 2012, THE COMPANY
COMPANHIA DE MARCAS TOOK OVER RIO VENTURA PARTICIPAÇÕES E EMPREENDIMENTOS
LTDA., RF PARTICIPAÇÕES LTDA. AND SLN LICENCIAMENTOS LTDA. AH CONFECÇÕES S.A.
TOOK OVER AH CONSULTORIA DE MODA LTDA.. THE COMPANY POLAMINSK SP
PARTICIPAÇÕES S.A. TOOK OVER IES ELLUS PROPAG LTDA. AND INBRANDS ROYAL LICENCIAMENTOS
LTDA. VR HOLDING PARTICIPAÇÕES LTDA. TOOK OVER VR INDÚSTRIA E COMÉRCIO DO
VESTUÁRIO S.A. MANDI HOLDING PARTICIPAÇÕES S.A. TOOK OVER MANDI INDÚSTRIA E
COMÉRCIO DO VESTUÁRIO S.A. AS A RESULT, ON THE SAME DATE SUBJECT TOOK OVER
TEH COMANIES AH CONFECÇÕES S.A., VR HOLDING PARTICIPAÇÕES LTDA., POLAMINSK SP
PARTICIPAÇÕES S.A., MANDI HOLDING PARTICIPAÇÕES S.A., I.T.W.S.P.E CONFECÇÕES
LTDA., INBRANDS GESTORA DE MARCAS S.A., RICHARDS PARTICIPAÇÕES S.A. AND
COMPANHIA DE MARCAS. YET, AT THE AGM'S HELD ON JULY 25 AND AUGUST 01,
2012 THE COMPANY TOOK OVER THE FOLLOWING DIRECT AND INDIRECT SUBSIDIARIES: INBRANDS
ESTILO PARTICIPACOES S.A. INBRANDS MODA
RIO PARTICIPACOES S.A. INBRANDS MODA
SAO PAULO PARTICIPACOES S.A. INBRANDS
GESTORA DE MARCAS S.A. A.H.
CONFECCOES S.A. A.H. CONSULTORIA DE MODA
LTDA. POLAMINSK SP PARTICIPACOES S.A. ELLUS PROPAG LTDA. (¡§PROPAG¡¨). INBRANDS ROYAL LICENCIAMENTOS LTDA. COMPANHIA DE MARCAS RF PARTICIPACOES LTDA. SLN LICENCIAMENTOS LTDA. RIO VENTURA PARTICIPACOES E EMPREENDIMENTOS
LTDA. VR HOLDING PARTICIPACOES LTDA. VR INDUSTRIA E COMERCIO DO VESTUARIO S.A. MANDI HOLDING PARTICIPACOES LTDA. MANDI INDUSTRIA E COMERCIO DO VESTUARIO S.A.
I.T.W.S.P.E. CONFECCOES LTDA. RICHARDS PARTICIPACOES S.A. ON NOVEMBER 09, 2012 THE COMPANY ESTABLISHED A JOINT
VENTURE WITH THE COMPANY TOMMY HILFIGER B.V., SUBSIDIARY OF PVH CORP. (NYSE:
PVH), AND AMERICAN SPORTSWEAR S.A., THE JOINT VENTURE WAS ESTABLISHED AS
TOMMY HILFIGER DO BRASIL S.A. ON NOVEMBER 26, 2012 SUBJECT SIGNED A DOCUMENT TO
AQUIRE 20% OF THE SHARE CAPITAL OF BINTANG LICENCIAMENTOS LTDA. AND ROOTS
HOUSE COMÉRCIO DE ROUPAS LTDA. ON JANUARY 2013 THE JOINT VENTURE TOMMY HILFIGER DO
BRASIL S.A. ACQUIRED ALL THE RIGHTS AND LICENSES TO OPERATE, MANAGER AND SALE
PRODUCTS OF THE BRAND TOMMY HILFIGER IN BRAZIL FOR A MINIMUM OF YEARS. ON AUGUST 02, 2013 SUBJECT MERGED THE COMPANIES
BINTANG LICENCIAMENTOS LTDA. AND ROOTS HOUSE COMÉRCIO DE ROUPAS LTDA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO
FAR NOT KNOWN. |
PUBLIC RECORDS INFORMATION
|
PROTESTS: |
|
159
PROTESTS, TOTAL AMOUNT R$ 1.393.717,21 |
|
DATE OF
FIRST PROTEST: NOVEMBER/2013 R$
7.365,38 |
|
DATE OF HIGHEST
PROTEST: FEBRUARY/2016 R$ 52.209,21 |
|
DETAILS OF LATEST
PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º
CARTÓRIO DE SP-SÃO PAULO |
17/05/2017 |
R$
11.105,37 |
|
1º
CARTORIO SE-PORTO DA FOLHA |
20/01/2017 |
R$ 1.826,00 |
|
2º
CARTORIO DE SP-RIBEIRAO PRETO |
18/07/2017 |
R$ 2.086,34 |
|
5º
CARTORIO DE SP-SAO PAULO |
08/06/2018 |
R$ 1.225,68 |
|
3º
CARTORIO DE DF-TAGUATINGA |
30/03/2016 |
R$
30.259,46 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT
OF LAW: |
|
3 |
EXECUTIVE
LAWSUITS |
06/10/14 |
3ª
VARA DE SP-SP-SANTO AMARO |
|
1 |
MONITORY
SUIT |
30/06/14 |
4ª
VARA DE SP-SP-SANTO AMARO |
|
3 |
FEDERAL
LAWSUITS |
13/12/17 |
2ª
VARA DE ES-VITORIA |
|
1 |
BANKRUPTCY
PETITION |
16/12/16 |
2ª
VARA DE SP-SP-CENTRAL |
|
2 |
STATE
LAWSUITS |
25/02/15 |
VARA DE SP-SAO PAULO |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/03/2018, 31/12/2017
AND 31/12/2016. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2018 |
31/12/2017 |
31/12/2016 |
|
|
|
|
|
|
CASH
AND BANKS |
15.557 |
18.900 |
65.031 |
|
CLIENTS |
111.291 |
153.848 |
163.737 |
|
INVENTORY |
163.864 |
153.898 |
174.526 |
|
RECOVERABLE
TAXES |
64.442 |
58.088 |
52.521 |
|
PRE
PAID EXPENSES |
2.282 |
1.380 |
2.675 |
|
OTHER
CREDITS |
7.351 |
5.635 |
4.991 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT ASSETS |
364.787 |
391.749 |
463.481 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY
CREDITS |
26.135 |
23.755 |
67.516 |
|
RECOVERABLE
TAXES |
2.453 |
2.453 |
2.453 |
|
DEFERRED
TAXES |
8.446 |
6.426 |
14.766 |
|
OTHER
CREDITS |
3.821 |
3.930 |
3.153 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG-TERM RECEIVABLES |
40.855 |
36.564 |
87.888 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
70.076 |
69.692 |
58.601 |
|
FIXED
ASSETS |
88.862 |
92.440 |
119.061 |
|
INTANGIBLE |
492.029 |
493.967 |
519.884 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
650.967 |
656.099 |
697.546 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
1.056.609 |
1.084.412 |
1.248.915 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2018 |
31/12/2017 |
31/12/2016 |
|
|
|
|
|
|
LOANS
AND FINANCING |
508.854 |
509.806 |
99.246 |
|
SUPPLIERS |
17.713 |
13.742 |
32.862 |
|
SOCIAL
/ LABOR OBLIGATIONS |
36.625 |
32.548 |
37.483 |
|
TAX
LIABILITIES |
51.940 |
64.448 |
80.304 |
|
INTERCOMPANY
DEBTS |
31.991 |
26.975 |
18.057 |
|
DIVIDENDS |
5.689 |
5.689 |
5.689 |
|
ADVANCE
FROM CLIENTS |
675 |
496 |
633 |
|
ACCOUNTS
PAYABLE |
20.938 |
23.981 |
23.506 |
|
INSTALLMENTS
TAXES PAYABLE |
859 |
711 |
739 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
675.284 |
678.396 |
298.519 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISIONS |
30.334 |
28.881 |
25.589 |
|
LOANS
AND FINANCING |
|
|
468.592 |
|
ACCOUNTS
PAYABLE |
429 |
524 |
785 |
|
INSTALLMENTS
TAXES PAYABLE |
6.193 |
6.130 |
7.562 |
|
LABOR
OBLIGATIONS |
5.114 |
5.615 |
|
|
FISCAL
OBLIGATIONS |
4.061 |
4.162 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG TERM LIABILITIES |
46.131 |
45.312 |
502.528 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE
CAPITAL |
392.949 |
392.949 |
390.689 |
|
CAPITAL
RESERVES |
49.786 |
70.151 |
49.954 |
|
PROFIT
RESERVES |
|
|
103.013 |
|
ACCRUED
PROFIT (LOSS) |
-107.412 |
-102.396 |
-95.788 |
|
COMPREHENSIVE
INCOME |
-129 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
NET EQUITY |
335.194 |
360.704 |
447.868 |
|
|
================ |
================ |
================ |
|
TOTAL
LIABILITIES |
1.056.609 |
1.084.412 |
1.248.915 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2018,
31/12/2017 AND 31/12/2016. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/03/2018 |
31/12/2017 |
31/12/2016 |
|
|
|
|
|
|
NET
SALES |
150.958 |
680.386 |
781.578 |
|
(-)
COST OF SOLD GOODS |
69.366 |
315.431 |
413.396 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS
PROFIT |
81.592 |
364.955 |
368.182 |
|
OPERATING
REVENUE (EXPENSE) |
-86.143 |
-400.844 |
-373.734 |
|
FINANCIAL
REVENUE (EXPENSE) |
-19.774 |
-97.706 |
-127.452 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
-24.325 |
-133.595 |
-133.004 |
|
CONTRIBUTION/INCOME
TAX |
7.899 |
44.171 |
37.216 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
PROFIT (LOSS) |
-16.426 |
-89.424 |
-95.788 |
|
RATIOS: |
31/03/2018 |
31/12/2017 |
31/12/2016 |
|
QUICK
RATIO |
,30 |
|
,35 |
|
,97 |
|
|
CURRENT
RATIO |
,54 |
|
,58 |
|
1,55 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
1,36 |
TIMES |
4,42 |
TIMES |
4,77 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
66,35 |
DAYS |
81,40 |
DAYS |
75,42 |
DAYS |
|
INVENTORY
TURNOVER |
,42 |
TIMES |
2,05 |
TIMES |
2,37 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
22,98 |
DAYS |
15,68 |
DAYS |
28,62 |
DAYS |
|
RETURN
ON ASSETS |
,14 |
TIMES |
,63 |
TIMES |
,63 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,45 |
TIMES |
1,89 |
TIMES |
1,75 |
TIMES |
|
NET
WORTH TIE-UP |
,27 |
|
,26 |
|
,27 |
|
|
INDEBTEDNESS |
2,15 |
|
2,01 |
|
1,79 |
|
|
EQUITY
RATIO |
31,72 |
% |
33,26 |
% |
35,86 |
% |
|
WORKING
CAPITAL RATIO |
-45,98 |
% |
-42,25 |
% |
55,26 |
% |
|
GENERAL
SOLVENCY |
1,46 |
|
1,50 |
|
1,56 |
|
|
RETURN
ON NET EQUITY |
-4,90 |
% |
-24,79 |
% |
-21,39 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-10,88 |
% |
-13,14 |
% |
-12,26 |
% |
|
GROSS
PROFIT MARGIN |
54,05 |
% |
53,64 |
% |
47,11 |
% |
|
OPERATIONAL
RESULT |
-16,11 |
% |
-19,64 |
% |
-17,02 |
% |
|
SALES
TURNOVER ON LIABILITIES |
,22 |
TIMES |
1,00 |
TIMES |
2,62 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
COMMENTS ON THE FINANCIAL INFORMATION
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL
RATIOS. THE ANNUAL FIGURES FOR 2017 SHOWED AN UNBALANCED
FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS WAS HIGH AND LOW LIQUIDITY
RATIOS AND NEGATIVE WORKING CAPITAL. IN ADDITION, IT IS NOTED DROP IN SALES
AND POSTED LOSS DRIVEN BY THE HIGH OPERATING AND FINANCIAL EXPENSES. THE QUARTERLY FIGURES FOR MARCH 2018 SHOW THAT THE
INDEBTEDNESS IS HIGHER AND THE LIQUIDITY RATIOS REMAIN LOW. IN ADDITION IT IS
NOTED DOWNWARD SALES TREND AND POSTED LOSS. |
REAL ESTATE
NOT
AVAILABLE
VEHICLES
OWNED VEHICLES ARE VALUED AT R$ 919.000,00
MACHINES
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 11.653.000,00
INSURANCE
|
AS OF MARCH 31, 2018 THE COMPANY HAD THE FOLLOWING
INSURANCED DETAILS: |
|
COVERAGE: |
VEHICLES - CIVIL LIABILITY - MAXIMUM VALUE BY
VEHICLE |
|
VALUE: |
R$
300.000,00 |
|
|
|
|
COVERAGE: |
CIVIL LIABILITY OF DIRECTORS AND OFFICERS - D&O |
|
VALUE: |
R$
30.000.000,00 |
|
|
|
|
COVERAGE: |
LOSS
OF INCOME |
|
VALUE: |
R$
40.000.000,00 |
|
|
|
|
COVERAGE: |
FIRE - ESTABLISHMENTS (STORES, DISTRIBUTION CENTER
AND HEADQUARTERS) |
|
VALUE: |
R$
85.000.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO
ITAU S/A |
0192 |
|
|
BANCO
DO BRASIL S/A |
2434 |
|
|
BANCO
BRADESCO S/A |
3396 |
|
|
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF
"CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). |
ACTIVITIES COMMENTS
|
THE SUBJECT IS ENGAGED IN THE RETAIL SALE OF WEARING
APPAREL AND ACCESSORIES. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 47.81-4-00 - RETAIL SALE OF WEARING APPAREL; 14.12-6-01
- MANUFACTURE OF WEARING APPAREL. |
IMPORT AND EXPORT
IMPORTS FROM
|
CHINA
AND INDIA |
EXPORTS TO:
|
SOUTH AMERICA, JAPAN AND ANGOLA. |
|
MAIN
CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
AMAZON MODEL LTDA |
|
92 3236-9006 |
|
AMAZON MODEL SHOP MANUARA |
|
92 3236-1164 |
|
PITCHELI
MODAS LTDA |
|
51
3466-2525 |
|
RUIZ
COMERCIO |
|
21
3875-8331 |
|
SCHINCARIOL
MOGI MIGIM |
|
19
3806-2562 |
|
STUDIO
OCEANO LTDA |
|
81
3465-8124 |
|
STAFF: |
|
|
|
NOT AVAILABLE |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING
SINCE 2008. SO FAR IT SHOWS HIGH SCALE OF ACTIVITIES BUT A TRADE HISTORY
AFFECTED BY SEVERAL DETRIMENTAL FILES. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL
SUPPLIERS IN BRAZIL AND MOST OF PAYMENTS WERE MET IN TIME. 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. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED
SEVERAL DETRIMENTAL FILES REGISTERED AGAINST THE SUBJECT, INDICATING IT HAS
BEEN FAILING TO FULFILL ITS TRADE COMMITMENTS. |
|
FOREIGN SUPPLIERS: |
COUNTRY: |
|
|
JIANGSU
TEXTIL INDUSTRY |
CHINA |
|
|
KANISHKA
DESIGNIS |
INDIA |
|
|
RUKMA
LIMITED |
CHINA |
|
|
PAYMENT HISTORY: |
|
27
SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.928.977,00 |
|
|
|
AMOUNT
OF INVOICES PAID: 559 |
|
TOTAL
OF PROMPT PAYMENTS: 77,3% |
|
TOTAL
OF DELAYED PAYMENTS: 22,7% |
|
|
|
HIGHEST
INVOICE: R$ 81.609,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE
WITHIN 60 DAYS |
1 |
4 |
R$
93.412,08 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN
BUSINESS FOR SEVERAL YEARS. IT SHOWS A DELICATE FINANCIAL STANDING AND A
TRADE HISTORY AFFECTED BY SEVERAL DETRIMENTAL FILES. 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 68.08 |
|
|
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.82 |
|
BRL |
1 |
INR 18.01 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUJ |
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.