|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497322 |
|
Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CIA. HERING |
|
|
|
|
Registered Office : |
Rua Hermann Hering,1790 - Bom Retiro, 89010-900 - Blumenau/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
19.08.1985 |
|
|
|
|
Legal Form : |
Publicly held corporation |
|
|
|
|
Line of Business : |
Manufacture of Textiles |
|
|
|
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
A2a |
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
CIA. HERING
ADDRESSES
|
MAIN ADDRESS: |
RUA HERMANN HERING,1790 - BOM RETIRO |
|
ZIP CODE/CITY: |
89010-900 - BLUMENAU/SC |
|
|
|
|
PHONE: |
47 3321-3544 |
|
E-MAIL: |
exportciahering@heringnet.com.br |
|
WEB SITE: |
www.ciahering.com.br |
|
INQUIRY DETAILS: |
|
|
|
|
|
GIVEN ADDRESS: |
RUA HERMANN HERING 1542, BOM RETIRO, CEP 89010-900, BLUMENAU/SC
BRAZIL,CNPJ 78.876.950/0002-52, IE: 251.235.076 |
|
CORRECT ADDRESS: |
THE INFORMED ADDRESS REFERS TO ITS BRANCH. |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA DO ROCIO,430 - VILA OLIMPIA |
|
ZIP CODE/CITY: |
04552-000 SÃO PAULO/SP |
|
|
|
|
ADDRESS: |
RUA VPR 3 - S/Nº.,0 |
|
ZIP CODE/CITY: |
75133-600 ANÁPOLIS/GO |
|
|
|
|
ADDRESS: |
RUA HERMANN
HERING,1542 - BOM RETIRO |
|
ZIP CODE/CITY: |
89010-900
BLUMENAU/SC |
|
PHONE: |
251.235.076 |
|
CNPJ: |
78.876.950/0002-52 |
|
|
|
|
ADDRESS: |
RUA ITORORO,95 A - OLD NEIGHBORHOOD CENTER |
|
ZIP CODE/CITY: |
89045-330 BLUMENAU/SC |
|
THE SUBJECT HAS 276 STORES THROUGHOUT BRAZIL. |
LEGAL DATA |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF TEXTILES. |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
19/08/1985 |
|
REGISTER DATE: |
21/08/1985 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
78.876.950/0001-71 |
|
STATE REGISTER: |
251.213.749 |
|
|
|
|
SHARE CAPITAL: |
R$ 369.617.638,61 |
|
LAST REGISTER OF CAPITAL: |
18/08/2017 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FABIO HERING |
PRESIDENT DIRECTOR |
|
RAFAEL BOSSOLANI |
INVESTORS RELATIONS DIRECTOR |
|
MARCIEL EDER COSTA |
ADMINISTRATIVE DIRECTOR |
|
EDGAR DE OLIVEIRA FILHO |
INDUSTRIAL DIRECTOR |
|
RONALDO LOOS |
COMMERCIAL DIRECTOR |
|
MOACYR JOSÉ MATHEUSSI |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SOMERSET CAPITAL MANAGEMENT |
5,061560% |
|
INV. E PART. INPASA S/A |
7,392768% |
|
IVO HERING |
7,271444% |
|
ATMOS CAPITAL GESTÃO DE RECURSOS |
5,017690% |
|
CORONATION FUND MANAGERS LTD. |
4,975465% |
|
OTHERS |
65,261381% |
|
OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS |
5,019692% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
HRG SERVIÇOS DE INTERMEDIAÇÕES FINANCEIRAS LTDA |
99,99% |
|
HERING INTERNATIONAL SAFI (URUGUAY) |
100,00% |
COMPANY'S BACKGROUND |
|
THE CONCERN WAS ORIGINALLY ESTABLISHED AS GEBRUEDER HERING (HERING
BROTHERS), IN BLUMENAU, STATE OF SANTA CATARINA IN 1880 BY TWO BROTHERS,
HERMANN AND BRUNO HERING. IN 1915 THE SUBJECT'S CORPORATE NAME CHANGED TO "HERING & CO.
AND IN 1929 MODIFIED ITS STYLE INTO JOINT-STOCK COMPANY AND NAME TO "CIA
HERING". ON MAY 24, 1941, ALTERED ITS NAME TO INDÚSTRIA TEXTIL COMPANHIA
HERING. IN 1963, ACQUIRED THE LICENSE TO MANUFACTURE PRODUCTS UNDER THE
"DISNEY" BRAND (THE FIRST COMPANY IN SOUTH AMERICA). FROM 1967, THE
COMPANY REORGANIZED MODERNIZED AS WELL AS ENLARGED ITS INDUSTRIAL PLANT BY
ACQUIRING LOCAL TEXTILE INDUSTRIES SUCH AS MAFISA - MALHARIA BLUMENAU S/A AND
BROADENING ITS LICENSED TRADEMARKS SUCH AS "WRANGLER" THUS BECOMING
ONE OF, IF NOT, THE LARGEST TEXTILE INDUSTRIES IN LATIN AMERICA. IN 1973 SET-UP CEVAL ALIMENTOS S/A, COMPANY ENGAGED IN THE CEREALS
PROCESSING, ESPECIALLY SOY, GRAINS, OILS AND BYPRODUCTS. IN SEPTEMBER 1997,
THE SUBJECT ESTABLISHED THE CEVAL PARTICIPAÇÕES S/A, WHICH BECAME THE HOLDING
COMPANY OF CEVAL ALIMENTOS S/A. IN 1997, UPON THE SHAREHOLDERS' DECISION TO
FOCUS ON THE TEXTILE INDUSTRY, THEY SOLD-UP CEVAL PARTICIPAÇÕES TO THE BUNGE
GROUP. THE SUBJECT WAS REGISTERED ON AUGUST 19, 1985, AT THE STATE OF SANTA
CATARINA REGISTRATION OFFICE, UNDER # 42300020401. IN APRIL 1999, THE COMPANIES CIA HERING AND HERING S/A COMÉRCIO
EXTERIOR WERE TAKEN OVER BY HERING TÊXTIL S/A AND AT THE SAME DATE THE
REGISTERED NAME WAS CHANGED TO CIA HERING, WHICH OPERATES TO DATE. TRADING STYLE: HERING FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC RECORDS
INFORMATION: |
|
PROTESTS: |
|
25 PROTESTS,TOTAL AMOUNT R$
217.490,72 |
|
DATE OF FIRST PROTEST:
11/2013 R$ 37.968,00 |
|
DATE OF HIGHEST PROTEST:
11/2015 R$ 79.766,83 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTORIO DE BLUMENAU/SC |
27/02/2018 |
R$ 2.977,09 |
|
3º CARTORIO DE BLUMENAU/SC |
26/02/2018 |
R$ 228,38 |
|
1º CARTORIO DE BLUMENAU/SC |
04/01/2018 |
R$ 5.956,21 |
|
3º CARTORIO DE BLUMENAU/SC |
21/12/2017 |
R$ 440,00 |
|
1º CARTORIO DE BLUMENAU/SC |
27/02/2018 |
R$ 340,00 |
FINANCIAL INFORMATION |
|
GENERAL BALANCE SHEETS AS OF 31/12/2017, 31/12/2016 AND 31/12/2015. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
CASH AND BANKS |
147.883 |
201.988 |
104.325 |
|
CLIENTS |
455.029 |
448.835 |
494.504 |
|
INVENTORY |
349.535 |
308.086 |
318.343 |
|
RECOVERABLE TAXES |
51.599 |
25.352 |
32.635 |
|
PRE PAID EXPENSES |
1.120 |
1.678 |
1.024 |
|
DERIVATIVES OPERATIONS |
545 |
|
4.620 |
|
OTHER CREDITS |
12.739 |
18.926 |
6.058 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1.018.450 |
1.004.865 |
961.509 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
5.237 |
4.824 |
2.994 |
|
ACCOUNTS RECEIVABLE |
15.913 |
18.154 |
10.730 |
|
DEFERRED TAXES |
46.249 |
42.680 |
39.638 |
|
RECOVERABLE TAXES |
13.099 |
24.631 |
14.515 |
|
CLIENTS |
7.399 |
4.078 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
87.897 |
94.367 |
67.877 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.745 |
2.702 |
3.585 |
|
FIXED ASSETS |
315.452 |
310.353 |
325.285 |
|
INTANGIBLE |
115.121 |
115.995 |
113.692 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
433.318 |
429.050 |
442.562 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.539.665 |
1.528.282 |
1.471.948 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
SOCIAL / LABOR OBLIGATIONS |
40.314 |
44.733 |
42.214 |
|
SUPPLIERS |
127.172 |
172.034 |
150.953 |
|
TAX LIABILITIES |
24.174 |
20.529 |
20.148 |
|
LOANS AND FINANCING |
27.293 |
2.123 |
1.308 |
|
DIVIDENDS |
740 |
627 |
599 |
|
TAX INCENTIVES |
1.554 |
1.501 |
11.332 |
|
INSTALLMENTS TAXES PAYABLE |
959 |
987 |
911 |
|
ACCOUNTS PAYABLE |
8.619 |
2.378 |
9.742 |
|
PROVISIONS |
55.412 |
26.865 |
22.654 |
|
DEBT WITH RELATED PARTIES |
1.707 |
1.548 |
1.786 |
|
DERIVATIVES OPERATIONS |
|
1.525 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
287.944 |
274.850 |
261.647 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
TAX INCENTIVES |
619 |
2.029 |
3.218 |
|
INSTALLMENTS TAXES PAYABLE |
2.505 |
3.339 |
7.488 |
|
OTHER OBLIGATIONS |
1.387 |
154 |
14.372 |
|
PROVISIONS |
14.298 |
12.891 |
11.259 |
|
LOANS AND FINANCING |
|
25.612 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
18.809 |
44.025 |
36.337 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
369.618 |
359.424 |
346.368 |
|
CAPITAL RESERVES |
30.815 |
21.471 |
-20.754 |
|
PROFIT RESERVES |
825.458 |
822.864 |
836.773 |
|
OTHER COMPREHENSIVE INCOME |
7.021 |
7.258 |
7.484 |
|
COMPREHENSIVE INCOME |
|
-1.610 |
4.093 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
1.232.912 |
1.209.407 |
1.173.964 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.539.665 |
1.528.282 |
1.471.948 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2017, 31/12/2016 AND 31/12/2015. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
NET SALES |
1.558.752 |
1.471.249 |
1.585.293 |
|
(-) COST OF SOLD GOODS |
872.273 |
893.111 |
961.335 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
686.479 |
578.138 |
623.958 |
|
OPERATING REVENUE (EXPENSE) |
-487.087 |
-427.947 |
-404.816 |
|
FINANCIAL REVENUE(EXPENSE) |
79.071 |
46.985 |
35.623 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
278.463 |
197.176 |
254.765 |
|
CONTRIBUTION/INCOME TAX |
-14.682 |
2.241 |
26.405 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
263.781 |
199.417 |
281.170 |
|
RATIOS: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
QUICK RATIO |
2,32 |
|
2,54 |
|
2,46 |
|
|
CURRENT RATIO |
3,54 |
|
3,66 |
|
3,67 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,43 |
TIMES |
3,28 |
TIMES |
3,21 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
105,09 |
DAYS |
109,83 |
DAYS |
112,30 |
DAYS |
|
INVENTORY TURNOVER |
2,50 |
TIMES |
2,90 |
TIMES |
3,02 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
52,49 |
DAYS |
69,34 |
DAYS |
56,53 |
DAYS |
|
RETURN ON ASSETS |
1,01 |
TIMES |
,96 |
TIMES |
1,08 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,26 |
TIMES |
1,22 |
TIMES |
1,35 |
TIMES |
|
NET WORTH TIE-UP |
,26 |
|
,26 |
|
,28 |
|
|
INDEBTEDNESS |
,25 |
|
,26 |
|
,25 |
|
|
EQUITY RATIO |
80,08 |
% |
79,14 |
% |
79,76 |
% |
|
WORKING CAPITAL RATIO |
253,70 |
% |
265,60 |
% |
267,48 |
% |
|
GENERAL SOLVENCY |
5,02 |
|
4,79 |
|
4,94 |
|
|
RETURN ON NET EQUITY |
21,40 |
% |
16,49 |
% |
23,95 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
16,92 |
% |
13,55 |
% |
17,74 |
% |
|
GROSS PROFIT MARGIN |
44,04 |
% |
39,30 |
% |
39,36 |
% |
|
OPERATIONAL RESULT |
17,86 |
% |
13,40 |
% |
16,07 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,41 |
TIMES |
5,35 |
TIMES |
6,06 |
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 A GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 174.169.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
2.614.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 235.424.000,00
INSURANCE |
|
THE COMPANY MAINTAINS INSURANCE COVERAGE IN AMOUNT CONSIDERED
SUFFICIENT BY THE MANAGEMENT TO COVER CONTINGENCY RISKS OVER ITS ASSETS
AND/OR LIABILITIES. ON DECEMBER 31, 2017, THE COVERAGE AGAINST OPERATIONAL RISKS WAS
COMPRISED BY R$ 142.188.000,00 FOR MATERIAL DAMAGE, R$ 213.179.000,00 FOR
CEASING PROFIT AND R$ 27.000.000,00 FOR CIVIL LIABILITY. |
BANKING REFERENCES |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
47 3321-2300 |
|
|
BANCO BRASDESCO S/A |
47 3326-6388 |
|
|
BANCO ABC BRASIL S/A |
41 3312-1635 |
|
|
BANCO BRADESCO S/A |
47 3326-1689 |
|
|
BANCO SANTANDER (BRASIL) S/A |
41 3255-6810 |
|
|
BANCO COMERCIAL URUGUAI |
47 3433-7700 |
|
|
BANCO SAFRA S/A |
47 3326-9022 |
|
|
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 |
|
SUBJECT IS ENGAGED IN THE MANUFACTURE OF TEXTILES, WITH ITS CORE
PRODUCTS BEING T-SHIRTS, BLOUSES, TROUSERS, SHORTS, TWIN SET, JACKET,
PAJAMAS, NIGHTDRESS, UNDERWEAR CLOTHES, BACKPACKS, BAGS, SUITCASES, WALLETS,
HATS, CAPS, GLASSES, WATCHES, SLIPPERS, ETC. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ARGENTINA, UNITED STATES, PARAGUAY, GERMANY AND SWITZERLAND. |
EXPORTS TO:
|
UNITED STATES, GERMANY, ITALY, ENGLAND, LATIN AMERICA, ARGENTINA,
PARAGUAY AND CHILE. |
|
MAIN CLIENTS: |
|
|
|
DOMESTIC
CLIENTS: |
|
ARTHUR LUNDGREN TECIDOS S/A (CASAS PERNAMBUCANAS) |
|
CARREFOUR COM. E IND. LTDA |
|
CIA BRASILEIRA DE DISTRIBUIÇÃO (PÃO DE AÇÚCAR) |
|
LOJA AMERICANAS S/A |
|
LOJAS RENNER S/A |
|
MAKRO ATACADISTA S/A |
|
MALHASPARIS LTDA |
|
MUNDO DAS CAMISETAS LTDA |
|
PALMA & SANTOS LTDA |
|
SONAE DISTRIBUIÇÃO BRASIL S/A |
|
STAFF: |
|
|
|
NOT AVAILABLE |
CONCEPT AND FULFILMENT |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1985. SO
FAR IT HAS A CLEAR TRADE HISTORY AND VERY GOOD PAYMENT BEHAVIOR. IT IS ONE OF
THE MOST IMPORTANT COMPANIES IN ITS LINE OF BUSINESS IN BRAZIL AND SO FAR ITS
REPUTATION IS EXCELLENT. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES 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. IT ALSO HAS 2 OUTSTANDING DEBTS IN A TOTAL AMOUNT OF R$ 9.340,65. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BASF S/A |
|
11 3234-5122 |
|
CIBA - GEIGY QUÍMICA S/A |
|
11 3532-7043 |
|
CLARIANT S/A |
|
11 3525-9322 |
|
COATS CORRENTE LTDA |
|
47 3331-8707 |
|
COMPANHIA DE TECIDOS SANTAENSE S.A. |
|
|
|
COMPANHIA VALENÇA INDUSTRIAL |
|
|
|
COOP AGROP. PROD. INTEGRADA DO PARANÁ LTDA |
|
|
|
COTEMINAS - CIA DE TECIDOS NORTE DE MINAS |
|
|
|
COTONIFICIO KURASHIKI DO BRASIL LTDA |
|
|
|
DAIWA DO BRASIL TÊXTIL LTDA |
|
|
|
DU PONT DO BRASIL S/A |
|
11 3421-8122 |
|
DYSTAR LTDA |
|
11 3525-7552 |
|
FÁBRICA DE CADARÇOS E BORDADOS HACO LTDA |
|
|
|
FÁBRICA DE TECIDOS CARLOS RENAUX |
|
|
|
FIAÇÃO E TECELAGEM KANEBO DO BRASIL S/A |
|
|
|
HACO ETIQUETAS LTDA |
|
|
|
MALIBER IND. E COM. TÊXTIL S.A. |
|
|
|
MINASA TRADING INTERNATIONAL S/A |
|
|
|
QUIMISA S/A INDÚSTRIA E COMÉRCIO |
|
47 3350-1010 |
|
SANTISTA TÊXTIL S.A. |
|
|
|
SUAP TÊXTIL S/A |
|
|
|
TÊXTIL BEZERRA S/A |
|
|
|
TÊXTIL UNIÃO S/A |
|
|
|
UNITIKA DO BRASIL INDÚSTRIA TÊXTIL LTDA |
|
|
|
PAYMENT HISTORY: |
|
54 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 3584 |
|
TOTAL OF PROMPT PAYMENTS: 99,8% |
|
TOTAL OF DELAYED PAYMENTS: 0,2% |
|
|
|
HIGHEST INVOICE: R$ 1.489.056,00 |
|
HIGHEST CREDIT: R$ 1.489.056,00 |
FINAL OPINION |
|
THE SUBJECT IS A WELL-ESTABLISHED AND WELL-KNOWN COMPANY IN BUSINESS
FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND VERY GOOD
PAYMENT BEHAVIOR. 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. HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE
OPERATIONS TO BE ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.94 |
|
|
1 |
INR 90.72 |
|
Euro |
1 |
INR 80.32 |
|
BRL |
1 |
INR 19.74 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KET |
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.