|
|
|
MIRA INFORM REPORT
|
Report No. : |
495472 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOJAS RIACHUELO S/A |
|
|
|
|
Registered Office : |
Rua Leão Xiii, 500 Rua Soror Angélica, 751 Jardim São Bento, 02526-000
- São Paulo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
03.10.1947 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Department stores |
|
|
|
|
No. of Employees : |
23898 |
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 : |
Good |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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. 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.
|
Source : CIA |
COMPANY
NAME
|
LOJAS RIACHUELO
S/A |
ADDRESSES
|
|
MAIN ADDRESS: |
RUA LEÃO XIII, 500 RUA SOROR ANGÉLICA, 751 JARDIM SÃO BENTO |
|
ZIP CODE/CITY: |
02526-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 2281-2289 |
|
E-MAIL: |
walterf@riachuelo.com.br |
|
WEB SITE: |
www.lojasriachuelo.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RODOVIA PRESIDENTE DUTRA S/Nº KM 214,2 CENTRO DE DISTRIBUIÇÃO, JARDIM
CUMBICA |
|
ZIP CODE/CITY: |
07178-580 GUARULHOS/SP |
|
PHONE: |
11 2141-7000 |
|
CNPJ: |
33.200.056/0002-20 |
|
|
|
|
ADDRESS: |
AV. PRESIDENTE VARGAS,1610 L1039,1040 - VILA RODRIGUES |
|
ZIP CODE/CITY: |
99070-000 PASSO FUNDO/RS |
|
|
|
|
ADDRESS: |
SHOPPING MOXUARA, AVENIDA MARIO GURGEL, 5353 LOJA 212 H, 2º PAVIMENTO,
(L2) - BAIRRO SÃO FRANCISCO |
|
ZIP CODE/CITY: |
29145-910 CARIACICA/ES |
|
CNPJ: |
33.200.056/0105-35 |
|
|
|
|
ADDRESS: |
RODOVIA BR 282, S/Nº. LOJAS NS 1040, GUARUJÁ |
|
ZIP CODE/CITY: |
88521-130 LAGES/SC |
|
|
|
|
ADDRESS: |
AVENIDA LABERTO BENASSI, 2270 LOJA 08 - RECREIO CAMPESTRE |
|
ZIP CODE/CITY: |
14804-330 ARARAQUARA/SP |
|
|
|
|
ADDRESS: |
AVENIDA ROLF WIEST, 333 LOJA 86 - BOM RETIRO |
|
ZIP CODE/CITY: |
89223-005 JOINVILLE/SC |
|
|
|
|
ADDRESS: |
RUA RIO DE JANEIRO,9 10 3º SUBSOLO - CENTRO |
|
ZIP CODE/CITY: |
30160-973 BELO HORIZONTE/MG |
|
|
|
|
ADDRESS: |
AVENIDA GETÚLIO VARGAS, 268 ANC 03 P-L1/2 - CENTRO |
|
ZIP CODE/CITY: |
89251-000 JARAGUÁ DO SUL/SC |
|
|
|
|
ADDRESS: |
RODOVIA BR 407, KM 06, Nº. 331 LOJAS 1006, 1007 JOÃO PAULO II |
|
ZIP CODE/CITY: |
48908-000 SÃO FRANCISCO/BA |
|
|
|
|
ADDRESS: |
RODOVIA DOS METALÚRGICOS, 1189 L.A.9.P.1 - SÃO GERALDO |
|
ZIP CODE/CITY: |
27253-005 VOLTA REDONDA/RJ |
|
|
|
|
ADDRESS: |
RUA DESEMBARGADOR LAURO NOGUEIRA, 1500 LOJA 2001 PS L2 PAPICU |
|
ZIP CODE/CITY: |
60176-065 FORTALEZA/CE |
|
|
|
|
ADDRESS: |
RUA LANDRI SALES, 1070 G01, G02 - CIDADE ARACILIA |
|
ZIP CODE/CITY: |
07250-130 GUARULHOS/SP |
|
CNPJ: |
33.200.056/0360-97 |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: GUARULHOS/SP, CAMPINAS/SP,
TABOAO DA SERRA/SP, BELO HORIZONTE/MG, FORTALEZA/CE, GOIANIA/GO, BELEM/PA,
SAO BERNARDO DO CAMP/SP, SALVADOR/BA, JACAREI/SP, RECIFE/PE, NATAL/RN,
ARACAJU/SE, CONTAGEM/MG, FLORIANOPOLIS/SC, CURITIBA/PR, VITORIA DA
CONQUISTA/BA, MANAUS/AM, SAO JOSE DOS CAMPOS/SP, JOAO PESSOA/PB, CUIABA/MT,
SAO PAULO/SP, RIO DE JANEIRO/RJ, MAUA/SP, MOSSORO/RN, PORTO ALEGRE/RS, PORTO
VELHO/RO, FEIRA DE SANTANA/BA, LONDRINA/PR, OSASCO/SP, DUQUE DE CAXIAS/RJ,
CAXIAS DO SUL/RS, ARACATUBA/SP, BARUERI/SP, SAO LUIS/MA, APARECIDA DE
GOIANIA/GO, VILA VELHA/ES, MACEIO/AL, PALMAS/TO, DIADEMA/SP, SAO GONCALO/RJ,
CAMPO GRANDE/MS, MARINGA/PR, BLUMENAU/SC, RIBEIRAO PRETO/SP, UBERLANDIA/MG,
CANOAS/RS, SANTO ANDRE/SP, SERRA/ES, SÃO CAETANO DO SUL/SP, CARUARU/PE,
JUNDIAI/SP, VALPARAISO DE GOIAS/GO, UBERABA/MG, CAMPOS DOS GOYTACAZE/RJ,
PELOTAS/RS, ITABUNA/BA, CARIACICA/ES, IMPERATRIZ/MA, ARAPIRACA/AL, JUAZEIRO
DO NORTE/CE, CARAGUATATUBA/SP, RESENDE/RJ, MARABA/PA, RIO BRANCO/AC, PONTA
GROSSA/PR, SOROCABA/SP, MONTES CLAROS/MG, SAO VICENTE/SP, LINHARES/ES,
ANAPOLIS/GO, PIRACICABA/SP, BETIM/MG, LIMEIRA/SP, SAO JOSE/SC, PETROLINA/PE,
MACAPA/AP, BAURU/SP, TAUBATE/SP, SOBRAL/CE, MOGI-GUACU/SP, BRASILIA/DF,
DOURADOS/MS, AGUAS LINDAS DE GOIA/GO, TERESINA/PI, CABO FRIO/RJ,
GARANHUNS/PE, ITABORAI/RJ, GRAVATAI/RS, PRESIDENTE PRUDENTE/SP, SANTOS/SP,
CASTANHAL/PA, NITEROI/RJ, POUSO ALEGRE/MG, CABO DE SANTO AGOSTI/PE, SAO JOSE
DO RIO PRET/SP, FOZ DO IGUACU/PR, CASCAVEL/PR, VITORIA DE SANTO ANT/PE,
JABOATAO DOS GUARARA/PE, CHAPECO/SC, COTIA/SP, MOGI DAS CRUZES/SP,
PINDAMONHANGABA/SP, VARZEA GRANDE/MT, ITAJAI/SC, ARAGUAINA/TO, ITU/SP, PRAIA
GRANDE/SP, BOA VISTA/RR, BALNEARIO CAMBORIU/SC, SANTA MARIA/RS,
GUARATINGUETA/SP, VOTORANTIM/SP, VITORIA/ES, MARILIA/SP, NOVA IGUACU/RJ,
CAMPINA GRANDE/PB, CAMARAGIBE/PE, BARRETOS/SP, SANTAREM/PA, ANANINDEUA/PA,
ARARAQUARA/SP, TEIXEIRA DE FREITAS/BA, RIO VERDE/GO, SAO JOSE DE RIBAMAR/MA,
SAO CARLOS/SP, MARACANAU/CE, FRANCA/SP, JOINVILLE/SC, LAGES/SC, BOTUCATU/SP,
NOSSA SENHORA DO SOC/SE, PAULISTA/PE, JUAZEIRO/BA, JARAGUA DO SUL/SC,
IPATINGA/MG, ITAQUAQUECETUBA/SP, ITAGUAI/RJ, SUMARE/SP, SANTA BARBARA
D'OEST/SP, JUIZ DE FORA/MG, VARGINHA/MG, POCOS DE CALDAS/MG, GUARAPUAVA/PR,
MESQUITA/RJ, MACAE/RJ, VOLTA REDONDA/RJ, TUBARAO/SC, CAMPOS DO JORDAO/SP, SAO
JOSE DOS PINHAIS/PR, RIO GRANDE/RS, TRES LAGOAS/MS, PARNAIBA/PI, CAMACARI/BA,
ALVORADA/RS, PASSO FUNDO/RS, CARAPICUIBA/SP, CRICIUMA/SC, CAXIAS/MA |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
DEPARTMENT STORES. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
03/10/1947 |
|
REGISTER DATE: |
03/10/1947 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
33.200.056/0001-49 |
|
STATE REGISTER: |
102.387.561.111 |
|
|
|
|
SHARE CAPITAL: |
R$
2.300.000.000,00 |
|
LAST REGISTER OF CAPITAL: |
05/01/2017 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FLÁVIO GURGEL ROCHA |
PRESIDENT DIRECTOR |
|
NEWTON ROCHA DE OLIVEIRA JUNIOR |
SUPERVISING DIRECTOR |
|
OSWALDO APARECIDO NUNES |
COMMERCIAL DIRECTOR |
|
PEDRO ROBERTO DE SIQUEIRA |
DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
|
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
GUARARAPES CONFECÇÕES S/A |
100,0% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
MIDWAY S/A CREDITO FINANCIAMENTO E INVESTIMENTO |
|
|
RIACHUELO PARTICIPAÇÕES LTDA. |
|
|
TRANSPORTADORA CASA VERDE LTDA |
|
|
MIDWAY SHOPPING CENTER LTDA |
|
|
SR2 ADMINISTRAÇÃO E PARTICIPAÇÕES LTDA |
|
|
OCN ENTERPRISE ADMINISTRACAO E PARTICIPACOES |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED IN 1947 WITH THE REGISTERED NAME CIA.
DISTRIBUIDORA DE TECIDOS RIACHUELO. IN 1973 THE COMPANY ADOPTED THE
REGISTERED NAME RIACHUELO OTHON S.A. COM. IMPORTAÇÃO AND LATER IN 1999 IT
ADOPTED THE CURRENT REGISTERED NAME. IN 1979, A PERIOD OF WIDE CHANGES IN THE WORLD, THE GUARARAPES GROUP
TOOK OVER THE CONTROL OF RIACHUELO. GUARARAPES IS ONE OF THE BIGGEST
MANUFACTURERS OF CLOTHING ARTICLES IN BRAZIL AND IT LEAD THE GROWING OF THE
SUBJECT COMPANY'S CHAIN OF STORES. THE PRODUCTS LINE WAS CONCENTRATED IN CLOTHES. CURRENTLY IT IS
POSSIBLE TO FIND MEN AND WOMEN WEAR, CHILDREN WEAR, HOUSE HOLD LINE, SHOES,
WATCHES AND RELATED GOODS IN ALL STORES OF RIACHUELO. THE GEOGRAPHICAL DISTRIBUTION OF THE COMPANY'S STORES WERE ALSO
IMPROVED. CURRENTLY THERE ARE 64 STORES LOCATED IN 20 STATES IN BRAZIL. RIACHUELO IS GROWING CONSTANTLY AND IN THE LAST FEW YEARS IT HAS STILL
OPENING NEW STORES IN ORDER TO BE CLOSER TO THE CLIENTS. THE COMPANY'S PLANS
ARE GIVING PREFERENCE TO THE OPENING OF STORES IN SHOPPING CENTERS WHERE
THERE IS A HIGH LEVEL OF SAFETY AND COMFORT TO THE CLIENTS. ALL THE SUPPORT TO THE COMPANY'S OPERATIONS IS GIVEN BY THE HEAD
OFFICE LOCATED IN SÃO PAULO ALONG WITH THE DISTRIBUTION CENTER LOCATED IN AN
AREA OF 40.000 M2. THE COMPANY IS ALSO WELL-KNOWN DUE TO THE WIDE RANGE OF CREDIT
FACILITIES IT EXTENDS TO ITS CLIENTS. SHAREHOLDER AND DIRECTORS: GUARARAPES CONFECCOES S/A: HEADQUARTERED AT RODOVIA RN 160, S/Nº. KM 03,
1º ANDAR, BLOCO A, DISTRITO INDUSTRIAL, ZIP CODE 59115-900, TAXPAYER´S
REGISTRATION UNDER CNPJ 08.402.943/0001-52. FLAVIO GURGEL ROCHA, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
013.609.928-98, RG/RNE: 48055190 - SP, WITH ADDRESS AT RUA LEAO XIII, 500, JARDIM
SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 NEWTON ROCHA DE OLIVEIRA JUNIOR, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF
: 102.558.854-15, RG/RNE: 132558220 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 OSWALDO APARECIDO NUNES, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
874.563.548-04, RG/RNE: 71736240 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900, PEDRO ROBERTO DE SIQUEIRA, BRAZILIAN, HOLDER OF DOCU8MENTOS CPF :
140.826.674-15, RG/RNE: 170120624 - SP, WITH ADDRESS AT RUA LEAO XIII, 500,
JARDIM SAO BENTO, SAO PAULO - SP, ZIP CODE 02526-900 FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
22 PROTESTS,TOTAL AMOUNT R$ 123.092,36 |
|
DATE OF FIRST PROTEST:
OCTOBER/2014 R$ 78,00 |
|
DATE OF HIGHEST PROTEST:
AUGUST/2016 R$ 62.315,57 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTÓRIO DE SP-GUARULHOS |
23/02/2018 |
R$ 480,00 |
|
5º CARTÓRIO DE SE-ARACAJU |
06/02/2018 |
R$ 7.955,83 |
|
2º CARTÓRIO DE SP-PINDAMONHANGABA |
08/01/2018 |
R$ 205,97 |
|
1º CARTORIO DE SP-GUARULHOS |
08/02/2018 |
R$ 1.444,06 |
|
1º CARTORIO DE SP-SANTO ANDRÉ |
31/01/2018 |
R$ 150,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
MUNICIPAL LAWSUITS |
21/11/17 |
VARA DE SP-LIMEIRA |
|
20 |
STATE LAWSUITS |
10/10/17 |
4ª VARA DE BA-SALVADOR |
|
2 |
FEDERAL LAWSUITS |
09/12/17 |
VARA DE SP-CAMPOS DO JORDÃO |
|
1 |
MONITORY SUIT |
14/07/16 |
18ª VARA DE AM-MANAUS |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH AND BANKS |
96.031 |
78.039 |
55.694 |
|
CLIENTS |
967.639 |
935.367 |
904.079 |
|
RECOVERABLE TAXES |
92.715 |
59.970 |
40.575 |
|
INVENTORY |
555.300 |
638.363 |
660.055 |
|
OTHER |
35.739 |
67.928 |
23.217 |
|
MARKETABLE SECURITIES |
881.643 |
285.099 |
384.508 |
|
DERIVATIVES OPERATIONS |
|
63.528 |
6.057 |
|
DIVIDENDS RECEIVABLES |
|
41.739 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
2.629.067 |
2.170.033 |
2.074.185 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
9.448 |
8.715 |
8.121 |
|
RECOVERABLE TAXES |
102.324 |
118.559 |
86.721 |
|
DEFERRED TAXES |
344.400 |
187.694 |
73.867 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
456.172 |
314.968 |
168.709 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
689.108 |
886.968 |
721.059 |
|
FIXED ASSETS |
1.404.490 |
1.490.039 |
1.235.909 |
|
INTANGIBLE |
112.218 |
102.326 |
65.805 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.205.816 |
2.479.333 |
2.022.773 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
5.291.055 |
4.964.334 |
4.265.667 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SUPPLIERS |
724.884 |
676.986 |
512.716 |
|
LABOR OBLIGATIONS |
164.370 |
134.427 |
137.004 |
|
TAXES & CONTRIBUTIONS |
193.194 |
174.846 |
179.434 |
|
INTERCOMPANY DEBTS |
45.695 |
58.531 |
48.966 |
|
ACCOUNTS PAYABLE |
103.170 |
130.287 |
70.774 |
|
DIVIDENDS |
|
|
30.766 |
|
FINANCING |
470.531 |
569.878 |
404.335 |
|
LEASING |
15.097 |
21.056 |
18.367 |
|
DERIVATIVES OPERATIONS |
87.489 |
|
|
|
DEBENTURES |
67.993 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1.872.423 |
1.766.011 |
1.402.362 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISION FOR CONTINGENCIES |
141.468 |
87.190 |
91.628 |
|
FINANCING |
399.356 |
570.644 |
514.942 |
|
DEBENTURES |
133.333 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
674.157 |
657.834 |
606.570 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
2.300.000 |
2.000.000 |
1.700.000 |
|
PROFIT RESERVES |
444.713 |
540.503 |
556.735 |
|
OTHER COMPREHENSIVE INCOME |
-238 |
-14 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.744.475 |
2.540.489 |
2.256.735 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
5.291.055 |
4.964.334 |
4.265.667 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
NET SALES |
4.266.314 |
4.073.907 |
3.749.913 |
|
(-) COST OF SOLD GOODS |
2.414.052 |
2.374.192 |
2.060.628 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.852.262 |
1.699.715 |
1.689.285 |
|
OPERATING REVENUE (EXPENSE) |
-2.036.337 |
-1.764.135 |
-1.569.551 |
|
FINANCIAL REVENUE(EXPENSE) |
-68.420 |
-65.668 |
-21.943 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-252.495 |
-130.088 |
97.791 |
|
CONTRIBUTION/INCOME TAX |
156.705 |
113.827 |
31.750 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-95.790 |
-16.261 |
129.541 |
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK RATIO |
1,11 |
|
,87 |
|
1,01 |
|
|
CURRENT RATIO |
1,40 |
|
1,23 |
|
1,48 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,41 |
TIMES |
4,36 |
TIMES |
4,15 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
81,65 |
DAYS |
82,66 |
DAYS |
86,79 |
DAYS |
|
INVENTORY TURNOVER |
4,35 |
TIMES |
3,72 |
TIMES |
3,12 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
108,10 |
DAYS |
102,65 |
DAYS |
89,57 |
DAYS |
|
RETURN ON ASSETS |
,81 |
TIMES |
,82 |
TIMES |
,88 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,55 |
TIMES |
1,60 |
TIMES |
1,66 |
TIMES |
|
NET WORTH TIE-UP |
,51 |
|
,59 |
|
,55 |
|
|
INDEBTEDNESS |
,93 |
|
,95 |
|
,89 |
|
|
EQUITY RATIO |
51,87 |
% |
51,17 |
% |
52,90 |
% |
|
WORKING CAPITAL RATIO |
40,41 |
% |
22,88 |
% |
47,91 |
% |
|
GENERAL SOLVENCY |
2,08 |
|
2,05 |
|
2,12 |
|
|
RETURN ON NET EQUITY |
-3,49 |
% |
-,64 |
% |
5,74 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-2,25 |
% |
-,40 |
% |
3,45 |
% |
|
GROSS PROFIT MARGIN |
43,42 |
% |
41,72 |
% |
45,05 |
% |
|
OPERATIONAL RESULT |
-5,92 |
% |
-3,19 |
% |
2,61 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,28 |
TIMES |
2,31 |
TIMES |
2,67 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW SATISFACTORY FINANCIAL STANDING. THE LEVEL
OF INDEBTEDNESS IS SLIGHTLY HIGH BUT IT HAS GOOD LIQUIDITY RATIOS 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. IT IS WORTH TO COMMENT THAT THE SUBJECT IS CONTROLLED BY GUARARAPES
CONFECÇÕES S/A WHICH IS THE BIGGEST MANUFACTURERS OF CLOTHING ARTICLES AND IT
IS CONSIDERED ONE OF THE THREE BIGGEST RETAILERS IN BRAZIL. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
16.258.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
30.997.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
AS OF DECEMBER 31, 2016 THE COMPANY HAD THE FOLLOWNG INSURANCE
DETAILS: |
|
COVERAGE: |
BREAKDOWN/HULL/CIVIL LIABILITY |
|
VALUE: |
R$ 250.951.000,00 |
|
|
|
|
COVERAGE: |
FIRE/RAY/EXPLOSION/ELECTRIC DAMAGE /WINDSTORM/SMOKE/LOSS OF INCOME |
|
VALUE: |
R$ 598.092.000,00 |
|
|
|
|
COVERAGE: |
DOMESTIC/ INTERNATIONAL TRANSPORT |
|
REMARKS: |
100% INSURED |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
AV. IPIRANGA |
SÃO PAULO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
|
|
|
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 RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE |
ACTIVITIES
COMMENTS
|
|
THE COMPANY IS ENGAGED IN THE DEPARTMENT STORES. IT TRADES MEN, WOMEN AND CHILDREN CLOTHES WEAR, HOUSEHOLD LINEN, SHOES
AND WATCHES. THE SALES ARE MAINLY TO THE END USERS WHICH ARE USUALLY INDIVIDUALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, HONG KONG AND ASIA. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
MAIN CLIENTS ARE END USERS / CUSTOMERS OF ITS 60 STORES. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 23898 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS AN OLD-ESTABLISHED AND WELL-KNOWN COMPANY. IT IS A
LEADING COMPANY IN ITS LINE OF BUSINESS, OPERATING WITH HIGH AND GROWING
SALES AND AN EXCELLENT REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL.
SUPPLIERS ARE MAINLY TEXTILE INDUSTRIES, MANUFACTURERS OF CLOTHES, SHOES,
CARPETS, AND RELATED CLOTHING ARTICLES. THE SUPPLIERS EXTEND CREDIT
FACILITIES TO THE COMPANY IN LARGE AMOUNTS AND UP TO DATE NO PAYMENT PROBLEMS
ARE KNOWN. 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.
USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE SUBJECT
SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL SUITS
REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE FOR
PUBLIC INSPECTION. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED A PROTEST
REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS
TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
CDC BRASIL DISTR LTDA |
|
|
|
CIA. DE TECIDOS NORTE DE MINAS - COTEMINAS |
/MG |
11 3145-4510 |
|
CONFECÇÕES BELA VISUAL LTDA |
SÃO PAULO/SP |
11 6292-0930 |
|
CONFECÇÕES VANELISE LTDA |
SAPUCAIA DO SUL/RS |
51 3474-2170 |
|
EMPÓRIO ALGODÃO LTDA |
SÃO PAULO/SP |
11 2081-6070 |
|
GRENDENE S/A |
/RS |
54 2109-9000 |
|
GUARARAPES CONFECÇÕES S/A |
NATAL/RN |
84 3227-2266 |
|
JOÃO REINERT CONFECÇÕES |
BLUMENAU/SC |
47 3325-1024 |
|
KARSTEN S/A |
BLUMENAU/SC |
47 3314-4000 |
|
OLIVEIRA E LOPES LTDA |
/SP |
16 3241-9000 |
|
ROSELI DA SILVA PASCHOALATTO COM RELOGIOS-EPP |
|
|
|
SULTAN IND COM LTDA |
|
|
|
TDB TEXTIL S/A |
SÃO PAULO/SP |
11 3613-6866 |
|
UNICA IND MOVEIS S/A |
|
|
|
VICTOR BLUE CONFECÇÕES LTDA |
/SP |
15 3825-9600 |
|
PAYMENT HISTORY: |
|
58 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 13353 |
|
TOTAL OF PROMPT PAYMENTS: 98,8% |
|
TOTAL OF DELAYED PAYMENTS: 1,2% |
|
|
|
HIGHEST INVOICE: R$ 391.131,00 |
|
HIGHEST CREDIT: R$ 5.222.130,00 |
|
|
FINAL
OPINION
|
|
THE SUBJECT IS A WELL-ESTABLISHED AND WELL-KNOWN COMPANY IN BUSINESS
FOR OVER 50 YEARS. IT IS ONE OF THE MOST IMPORTANT COMPANIES IN THE FIELD OF
RETAIL TRADE OF CLOTHES AND RELATED GOODS FOR PERSONAL USAGE AND HOUSEHOLD
LINEN PRODUCTS. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
BRL |
1 |
INR 20.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
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.