D&B Report
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Metalúrgica Riosulense S/A.

  • Delivery Date: Feb 26, 2015
  • Subscriber No: 809000005
    Reference:
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Identification & Summary

Summarise
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Identification

D-U-N-S Number: 89-955-0305
Trading Style: Riosulense
Country Tax ID: 85.778.074/0001-06
State Tax ID: 250.119.196
Location: Rua Emílio Adami 700
Barra do Trombudo
89164-910 Rio do Sul SC
Brazil
Telephone(s): (+55) 47 3531-4000
(+55) 47 3531-4064
Facsimile(s): (+55) 47 3531-4070
E-Mail: vendas.oem@riosulense.com.br
Website: www.riosulense.com.br

Summary

Type of Business: Publicly Held Corporation
History: Incomplete
Legal Status: National
Established: 1946
Control: 1946
Line of Business: Mfr. of auto parts and suspension equipments
Primary SIC: 3519
Imports: Yes
Exports: Yes
Employs: 1,042 (Here)
1,200 (Total)
Principal: Luis Antonio Stramosk
President Director
Currency

All monetary amounts quoted in this report are shown in Brazilian Real (BRL) unless otherwise stated


Risk Assessment

  • Risk Indicator3

  • 3 - 3Fair
  • D&B RatingA3

  • Financial Strength A Based on net worth
    Risk Indicator 3 Fair (slightly greater than average risk)
The Dun & Bradstreet Rating of A3 indicates:
  • Financial Strength of USD 188,000 - 374,999 based on net worth
  • A Risk Indicator which is Fair (slightly greater than average risk)
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Trade Payments

Summarise
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Total Amount Owing Yearly Trend

Total Amount Owing Trend 13 months from Feb 2014 to Feb 2015


Total Amount Owing

Trade Payment Summary (USD)

Value Bands No of Exp Total Value Within Terms 1-30 Days 31-60 Days 61-90 Days 91+ Days
2,000,000 0 0 0% 0% 0% 0% 0%
200,000 - 1,999,999 0 0 0% 0% 0% 0% 0%
100,000 - 199,999 0 0 0% 0% 0% 0% 0%
20,000 - 99,999 2 58,132 3% 1% 0% 0% 0%
10,000 - 19,999 0 0 0% 0% 0% 0% 0%
< 10,000 47 20,887 49% 17% 21% 0% 0%
TOTAL 49 79,019 52% 18% 21% 0% 0%

The USD amounts represented above may be the result of converting BRL or other currency types to USD to facilitate their joint interpretation.


Trade Payment Experiences

D&B obtains payment references from local and international suppliers. References listed below may be from either or both sources. Amounts may be rounded to the nearest figure in prescribed ranges.

Date Paying Record Currency High Credit Now Owes Past Due Payment Terms Last Sale
Feb 18, 2015 Prompt BRL 0 0 0 NET 30 Feb 18, 1951
Payment Comment: Good Opinion
Feb 18, 2015 Prompt BRL 13,000 13,000 0 NET 14 Feb 18, 2015
Payment Comment: Good Opinion
Feb 18, 2015 Prompt BRL 0 0 0 NET 30 Feb 18, 2015
Payment Comment: Good Opinion
Dec 03, 2014 Prompt BRL 0 0 0 NET 30 Dec 03, 2014
Payment Comment: Good Opinion
Dec 03, 2014 Prompt BRL 0 0 0 NET 30 Dec 03, 2014
Payment Comment: Good Opinion
Dec 03, 2014 Prompt BRL 0 0 0 NET 30 Dec 03, 2014
Payment Comment: Good Opinion
Jun 25, 2014 Prompt BRL 0 0 0 NET 30 Jun 25, 2014
Payment Comment: Good Opinion
Jun 11, 2014 Slow 15-60 EUR 44 0 0 NET 30 -
Jun 11, 2014 Slow 30 EUR 44 0 0 NET 30 Jun 11, 2013
Jun 11, 2014 Prompt/Slow 60 EUR 2,276 2,276 847 NET 30 May 11, 2014
Jun 11, 2014 Prompt/Slow 60 EUR 2,152 0 0 NET 30 May 11, 2014
May 13, 2014 Slow 15-60 EUR 44 0 0 NET 30 -
May 13, 2014 Slow 30 EUR 44 0 0 NET 30 May 13, 2013
May 13, 2014 Prompt/Slow 60 EUR 2,103 1,515 0 NET 30 Apr 13, 2014
May 13, 2014 Prompt/Slow 60 EUR 2,152 0 0 NET 30 Feb 13, 2014
Apr 08, 2014 Slow 15-60 EUR 44 0 0 NET 30 -
Apr 08, 2014 Slow 30 EUR 44 0 0 NET 30 Nov 08, 2013
Apr 08, 2014 Prompt/Slow 60 EUR 2,103 788 0 NET 30 Mar 08, 2014
Apr 08, 2014 Prompt/Slow 60 EUR 2,152 0 0 NET 30 Mar 08, 2014
Mar 12, 2014 Slow 15-60 EUR 44 0 0 NET 30 -
Mar 12, 2014 Slow 30 EUR 44 0 0 NET 30 Oct 12, 2013
Mar 12, 2014 Prompt/Slow 60 EUR 2,103 532 0 NET 30 Feb 12, 2014
Mar 12, 2014 Prompt/Slow 60 EUR 2,152 0 0 NET 30 Dec 12, 2013
Feb 24, 2014 Prompt BRL 0 0 0 NET 42 Feb 10, 2014
Payment Comment: Optimum Opinion
Feb 24, 2014 Slow BRL 0 0 0 NET 60 Oct 10, 2013
Payment Comment: Negative Opinion
Feb 24, 2014 Prompt BRL 70,000 70,000 0 NET 50 Feb 10, 2014
Payment Comment: Good Opinion
Feb 12, 2014 Slow 15-60 EUR 44 0 0 NET 30 -
Feb 12, 2014 Slow 30 EUR 44 0 0 NET 30 Nov 12, 2013
Feb 12, 2014 Prompt/Slow 60 EUR 2,110 444 0 NET 30 Jan 12, 2014
Feb 12, 2014 Prompt/Slow 60 EUR 2,152 0 0 NET 30 Nov 12, 2013
Jan 18, 2014 Prompt/Slow 60 EUR 2,110 496 0 NET 30 Dec 18, 2013
Jan 18, 2014 Slow 15-60 EUR 44 44 44 NET 30 -
Jan 08, 2014 Prompt/Slow 60 EUR 4,175 0 0 NET 30 Oct 08, 2013
Dec 11, 2013 Prompt/Slow 60 EUR 3,294 1,526 0 NET 30 Nov 11, 2013
Dec 11, 2013 Prompt/Slow 60 EUR 4,175 0 0 NET 30 Nov 11, 2013
Dec 11, 2013 Slow 15 EUR 44 44 44 NET 30 -
Nov 11, 2013 Prompt/Slow 60 EUR 3,294 2,103 1,282 NET 30 Oct 11, 2013
Nov 11, 2013 Prompt/Slow 15 EUR 4,175 0 0 NET 30 Oct 11, 2013
Jul 09, 2013 Prompt/Slow 15 EUR 3,294 2,110 0 NET 30 Jun 09, 2013
Jul 09, 2013 Prompt/Slow 30 EUR 4,175 0 0 NET 30 Jun 09, 2013
Jul 09, 2013 Prompt EUR 24 0 0 NET 30 Jul 09, 2012
Jul 09, 2013 Prompt EUR 24 0 0 NET 30 Jul 09, 2012
Jun 28, 2013 Prompt/Slow 15 EUR 3,294 0 0 NET 30 May 28, 2013
Jun 28, 2013 Prompt/Slow 30 EUR 4,175 0 0 NET 30 May 28, 2013
Jun 28, 2013 Prompt EUR 24 0 0 NET 30 Jun 28, 2012
Jun 28, 2013 Prompt EUR 24 0 0 NET 30 Jun 28, 2012
May 07, 2013 Prompt BRL 8,000 0 0 NET 50 May 07, 2013
Payment Comment: Good Opinion
Mar 14, 2013 Prompt/Slow 10 BRL 39,188 55,690 0 NET 28 Mar 05, 2013
Payment Comment: Good Opinion
Mar 14, 2013 Prompt BRL 50,000 0 0 NET 40 Mar 01, 2013
Payment Comment: Good Opinion

Payment references contained in this report may have been obtained from the same source in different months and monetary units. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.

* Please note that records displaying Local Invoice Data are not summarized in the Total Amount Owing Yearly Trend or Trade Payment Experiences Summary table. The "opinion" provided is based on qualitative data collected directly from trade suppliers and does not represent the opinion of D&B.

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Country Risk

Summarise
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Average Payments in Brazil

* International Risk and Payment Review, a unique Dun and Bradstreet Publication covering 122 countries worldwide, reported in April 2013:

A) The local delays in payment average 0-1 months , and
B) The foreign exchange bank delays average 0-1 months.

For more information concerning this publication please contact your local Dun and Bradstreet representative.

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Public Record Information

Summarise
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On Feb 18, 2015, no occurrences were observed on a national level

Bankruptcies



Arrangements With Creditors



Protests



Executive Actions



Search and Arrest/Fiscal Actions



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Banks

Summarise
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Subject operates with the following bank(s):

Bank Name: Banco Santander Brasil S.A.
Location: Rio do Sul, SC, Brazil
Branch: 3798
Bank Name: Banco Bradesco S.A.
Location: Blumenau, SC, Brazil
Branch: 2656
Bank Name: Banco do Brasil S.A.
Location: Blumenau, SC, Brazil
Branch: 3420-7
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Current Investigation

Summarise
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Investigation Information

On Feb 18, 2015, the Mrs. Daliane Packer, Merchandising & Sales Analyst confirmed the general data in this report.

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History

Summarise
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Background

Publicly Held Corporation, started on Jan 02, 1946 and registered at the State Commerce Registration Office of Santa Catarina on Jul 20, 1949, State Registration (NIRE) No. 42.300.008.478.

Activities started on Jan 02, 1946, under company name: Metalúrgica Riosulense Ltda.

Changes

Changed company name to Metalúrgica Riosulense S/A. on Jul 20, 1949.

Capital

Capital Stock: BRL 9,213,921.8 and is fully paid in

Capital composition is represented by 583,000 share(s).

The last capital increase was on May 05, 2008.


Capital distribution is as follows:

Shareholders (% Common) (% Preferred) (% Total)
João Stramosk 52.9500 14.2900 67.2400
Luis Antonio Stramosk 0.0000 1.1800 1.1800
José Eduardo Stramosk 1.1800 0.0000 1.1800
João Stramosk Filho 1.1800 0.0000 1.1800
Eugenio César Stramosk 1.1800 0.0000 1.1800
Carlos Henrique Stramosk 1.1800 0.0000 1.1800
Carlos Eduardo V de Oliveira 0.0000 9.9600 9.9600
Fernando Aboudib Camargo 0.0000 6.0500 6.0500
Nilo Meneghelli 0.0000 2.8800 2.8800
Outros 0.0000 7.9700 7.9700
Total 57.6700 42.3300 100.0000
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Principals

Summarise
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Name: Luis Antonio Stramosk
Position: President Director
Born: Apr 24, 1958, native of Brazil
Identification: ID# 7R 432.581 (R.G.) (SC)
C.P.F.# 311.068.469-15
Qualifications:

University degree in Mechanical Engineering.

Previous Employment:

Was Manager of Metalúrgica Riosulense S/A., D-U-N-S 89-955-0305, Rio do Sul, SC, Brazil, from 1988 to 2003.

Was Director of Metalúrgica Riosulense S/A., D-U-N-S 89-955-0305, Rio do Sul, SC, Brazil, from 2003 to 2009.

Additional Comments:

Married

Entered the subject in 2009.

Is active in the company's daily activities.

Name: Nilo Meneghelli
Position: Market Relations Director / Administrative Finance Director
Born: May 22, 1966, native of Brazil
Identification: ID# 1.678.408 (R.G.)
C.P.F.# 533.072.919-04
Qualifications:

University degree in Accounting Sciences.

Previous Employment:

Was Manager of Metalúrgica Riosulense S/A., D-U-N-S 89-955-0305, Rio do Sul, SC, Brazil, from 1997 to 2003.

Additional Comments:

Married

Entered the subject in 2003.

Is active in the company's daily activities.

Name: Carlos Henrique Stramosk
Position: Administraiton Council Member
Identification: C.P.F.# 379.443.809-44
Qualifications:

University degree in Law.

Additional Comments:

Entered the subject in 2003.

Is inactive in the company's daily activities.

Name: Janderson Luis Kraimer
Position: Supplies Manager / Administraiton Council Member
Identification: C.P.F.# 467.572.529-53
Additional Comments:

Entered the subject in 1999.

Is active in the company's daily activities.

Name: João Stramosk
Position: Council President
Identification: C.P.F.# 005.574.809-06
Previous Employment:

Was employee of Metalúrgica Riosulense S/A., D-U-N-S 89-955-0305, Rio do Sul, SC, Brazil, from 1947 to 1954.

Was Director of Metalúrgica Riosulense S/A., D-U-N-S 89-955-0305, Rio do Sul, SC, Brazil, from 1954 to 1968.

Additional Comments:

Entered subject's Board of Directors on 1988.

Is active in the company's daily activities.

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Operations

Summarise
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Line of Business

Manufacturer of auto parts and suspension components for truck and bus, as guides and valve seats, valve lifters, mechanical, retaining rings crankshaft, separating rings, brackets, levers and fittings castings and machined, 100.00%

SIC:  3519

Production/Others

The subject has ISO TS16.949 and ISO 9001 certificate, granted by ABS Quality Evaluations, valid until Digite um texto ou endereço de um site ou traduza um documento. respectively: April, 16, 2016 and May, 19, 2016.

Vehicles & Equipment

Owns vehicles for the company's use being:

Quantity Type Brand/Model Manufactured Country of Origin Cargo Capacity
1 vehicle Chevrolet-GM Zafira 2006  
2 vehicle Volkswagen Gol 2005  
1 vehicle Volkswagen Saveiro 2005  
1 pick up truck Toyota  
1 vehicle Volkswagen Golf  

Sales

Products are sold in the following market(s):

Exports To:

Mercosul

Europe

United States

Latin America

United Arab Emirates

National sales terms:

  • on credit for 42 days, 90.47%

International sales terms:

  • on credit for 60 days, 9.53%

Keeps a portfolio of approximately 1000 active customers.

Major Customers

Sells mainly to:

Name Location
Agrale S/A. Caxias do Sul, SC, Brazil
Mercedes Benz do Brasil Ltda. São Bernardo do Campo, SP, Brazil
MWM do Brasil Ltda. São Paulo, SP, Brazil
Scania Latin America S/A. São Bernardo do Campo, SP, Brazil
Hubner Indústria Mecânica Ltda. Curitiba, PR, Brazil
Eaton do Brasil S/A. São José dos Campos, SP, Brazil
Maringá Soldas S/A. Curitiba, PR, Brazil
Geral Parts Ltda. São Paulo, SP, Brazil
Retibens Distribuidora de Peças Ltda. Curitiba, PR, Brazil
Indústria e Comércio Riomaq Ltda. Rio do Sul, SC, Brazil
Tonilig Comércio de Peças p/ Fixação Ltda. São José do Rio Preto, SP, Brazil
Elevadores Atlas Schindler S/A. São Paulo, SP, Brazil
Trucktee Fahrzeugtezte Gmbh. Germany
KBX Components PTY. United Kingdom
Qualcast. United States

Purchasing

National purchase terms:

  • on credit for 45 days, 80.00%
  • on credit for 25 days, 10.00%
  • on credit for 90 days, 10.00%

Major Suppliers

Purchases mainly from:

Name Location
Main Metais Ltda. São Paulo, SP, Brazil
Aumit Comercial e Importadora Ltda. São Paulo, SP, Brazil
Soldalloy Metais e Ligas Ltda. São Paulo, SP, Brazil
Sintermetal - Ind.e Com.Auto Peças Ltda. Osório, RS, Brazil
RFF Comercio e Reciclagem de Metais Ltda São Paulo, SP, Brazil
Siderpa Ltda. Belo Horizonte, MG, Brazil
Houghton Brasil Ltda. São Paulo, SP, Brazil
Ferramentas Gerais Com. Importação S/A. Curitiba, PR, Brazil
Mineração Veiga Ltda. Araquari, SC, Brazil
Qualifer Coml. Manut. de Abrasivos Ltda. Joinville, SC, Brazil
Aumit Comercial e Importadora Ltda. São Paulo, SP, Brazil
Saint Gobain Abrasivos Ltda Guarulhos, SP, Brazil
Ashland Bentonit Resinas Sintéticas Ltda Campinas, SP, Brazil
Porto Seguro Cia de Seguros Gerais São Paulo, SP, Brazil
Termomecânica São Paulo Ltda. São Paulo, SP, Brazil
ACL Metais Ltda. São Paulo, SP, Brazil
Ask Prod. Quimicos Brasil Ltda. Campinas, SP, Brazil
Termomecanica São Paulo S/A. Brazil
Saintsteel Comercial Int. Metais Ltda. São Paulo, SP, Brazil
Metalsilder Ltda. Belo Horizonte, MG, Brazil
Qualifer Com. Abrasivos Ltda. Joinville, SC, Brazil
Comercio de Transportes CR Ltda. Joinville, SC, Brazil
Arno Alberto Puff ME. Santa Maria, RS, Brazil
Supergasbras Energia Ltda. Chapecó, SC, Brazil
Basso S/A. United States
Carpla SAICIAYF United States
Gnutti Powertrain AB United States

Employees

Employs: 1,200

1,042 in this location:

Insurance

Subject has the following insurance policy(ies):

  • miscellaneous risks covering managerial for an amount equal to BRL 98,000,000.00 with Itaú Seguros S/A for a/an annual period, maturity date on Mar 18, 2015.

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Location

Summarise
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Facilities

Subject has facilities at caption address:

Name: Headquarters and plant
Property Value: BRL 53,215,562.2
Details: Own
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Financial Information

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Comparatives (USD)


Dec 31, 2011
Single Units
USD

Dec 31, 2012
Single Units
USD
% VAR
Dec 31, 2013
Single Units
USD
% VAR
 
Current Assets 30,943,617 22,824,510 -26 21,271,795 -7
Fixed Assets 71,232,979 65,155,392 -9 56,298,291 -14
Total Assets 103,679,255 89,274,510 -14 79,211,966 -11
Current Liabilities 62,420,745 59,193,627 -5 61,440,171 4
Total Long Term Liabilities 29,553,191 26,915,686 -9 17,580,342 -35
Net Worth or Total Equity 11,705,319 3,165,196 -73 191,453 -94
Net Sales 76,144,681 53,614,216 -30 57,873,077 8
Gross Income 18,709,043 10,683,333 -43 13,613,675 27
Net Income -1,552,660 -7,622,059 -391 -2,567,949 66
Working Capital -31,477,128 -36,369,118 -16 -40,168,376 -10
 

%VAR = PERCENTAGE OF GROWTH FROM YEAR TO YEAR

Historical Performance: Balance Sheet

Historical Performance: Balance Sheet

Balance Sheet (USD)

Assets
Dec 31, 2011
Single Units
USD

Dec 31, 2012
Single Units
USD

Dec 31, 2013
Single Units
USD
 
Cash Amount 238,298 60,294 19,231
Accounts Receiveable 12,665,426 9,558,824 8,670,940
Inventory 11,458,511 10,477,941 10,191,026
Marketable Security Amount 3,010,638 88,034
Notes Receivable Amount 972,872 776,471 541,026
Prepaid Expenses Amount 78,191 51,471 30,342
Other Credits Amount 2,519,681 1,899,510 1,731,197
Current Assets 30,943,617 22,824,510 21,271,795
Long Term Receivable Amount 1,502,660 1,294,608 1,641,880
Investments 7,349,468 6,773,039 5,904,701
Real Estate Amount 63,883,511 58,382,353 50,393,590
Fixed Assets 71,232,979 65,155,392 56,298,291
Total Assets 103,679,255 89,274,510 79,211,966
 
Liabilities
Dec 31, 2011
Single Units
USD

Dec 31, 2012
Single Units
USD

Dec 31, 2013
Single Units
USD
 
Suppliers 8,776,596 8,537,255 4,661,966
Owing Banks 32,832,447 17,099,020 14,772,222
Fiscal Obligations 20,131,383 32,371,078 41,541,880
Accounts Payable 680,319 1,186,275 464,103
Current Liabilities 62,420,745 59,193,627 61,440,171
Total Long Term Liabilities 29,553,191 26,915,686 17,580,342
Capital 4,901,064 4,516,667 3,937,607
Reserves (Capital) 798,404 17,695,098 514,103
Retained Earnings 6,005,851 -19,046,569 -4,260,256
Net Worth or Total Equity 11,705,319 3,165,196 191,453
Total Liabilities and Capital 103,679,255 89,274,510 79,211,966
 

Historical Performance: Profit & Loss

Historical Performance: Profit and Loss

Profit & Loss (USD)


Dec 31, 2011
Single Units
USD

Dec 31, 2012
Single Units
USD

Dec 31, 2013
Single Units
USD
 
Gross Sales 76,144,681 53,614,216 57,873,077
Net Sales 76,144,681 53,614,216 57,873,077
Cost of Goods Sold -57,435,638 -42,930,882 -44,259,402
Gross Income 18,709,043 10,683,333 13,613,675
Sales Expenses -6,461,702 -6,004,902 -5,994,872
Administrative Expenses -3,689,894 -4,776,471 -3,234,188
Financial Expenses -16,155,319 -13,954,902 -10,923,932
Financial Revenue 2,873,404 1,661,275 1,437,607
Other Oper. Expenses/Revenue 1,811,702 1,127,451 1,277,778
Partial Oper. Income -2,912,766 -11,264,216 -3,823,932
Net Operating Income -2,912,766 -11,264,216 -3,823,932
Pre-Tax Income -2,912,766 -11,264,216 -3,823,932
Income Tax Provision 1,360,106 3,642,157 1,255,983
Net Income -1,552,660 -7,622,059 -2,567,949
Working Capital -31,477,128 -36,369,118 -40,168,376
 

Comparatives (BRL)

Individual
Dec 31, 2011
Single Units
BRL
Individual
Dec 31, 2012
Single Units
BRL
Individual
Dec 31, 2013
Single Units
BRL
 
Current Assets 58.174.000 46.562.000 49.776.000
Fixed Assets 133.918.000 132.917.000 131.738.000
Total Assets 194.917.000 182.120.000 185.356.000
Current Liabilities 117.351.000 120.755.000 143.770.000
Total Long Term Liabilities 55.560.000 54.908.000 41.138.000
Net Worth or Total Equity 22.006.000 6.457.000 448.000
Net Sales 143.152.000 109.373.000 135.423.000
Gross Income 35.173.000 21.794.000 31.856.000
Net Income -2.919.000 -15.549.000 -6.009.000
Working Capital -59.177.000 -74.193.000 -93.994.000
 
Individual
Dec 31, 2008
Single Units
BRL
Individual
Dec 31, 2009
Single Units
BRL
Individual
Dec 31, 2010
Single Units
BRL
 
Current Assets 44.780.000 37.523.000 47.662.000
Fixed Assets 67.698.000 136.135.000 134.221.000
Total Assets 123.162.000 187.025.000 184.537.000
Current Liabilities 70.459.000 62.721.000 82.702.000
Total Long Term Liabilities 58.302.000 91.954.000 76.911.000
Net Worth or Total Equity -5.599.000 32.350.000 24.924.000
Net Sales 115.719.000 86.802.000 119.325.000
Gross Income 28.244.000 20.295.000 28.431.000
Net Income -17.598.000 -9.966.000 -5.264.000
Working Capital -25.679.000 -25.198.000 -35.040.000
 

Balance Sheet (BRL)

Assets Individual
Dec 31, 2011
Single Units
BRL
Individual
Dec 31, 2012
Single Units
BRL
Individual
Dec 31, 2013
Single Units
BRL
 
Cash Amount 448.000 123.000 45.000
Accounts Receiveable 23.811.000 19.500.000 20.290.000
Inventory 21.542.000 21.375.000 23.847.000
Marketable Security Amount 5.660.000 206.000
Notes Receivable Amount 1.829.000 1.584.000 1.266.000
Prepaid Expenses Amount 147.000 105.000 71.000
Other Credits Amount 4.737.000 3.875.000 4.051.000
Current Assets 58.174.000 46.562.000 49.776.000
Long Term Receivable Amount 2.825.000 2.641.000 3.842.000
Investments 13.817.000 13.817.000 13.817.000
Real Estate Amount 120.101.000 119.100.000 117.921.000
Fixed Assets 133.918.000 132.917.000 131.738.000
Total Assets 194.917.000 182.120.000 185.356.000
 
Liabilities Individual
Dec 31, 2011
Single Units
BRL
Individual
Dec 31, 2012
Single Units
BRL
Individual
Dec 31, 2013
Single Units
BRL
 
Suppliers 16.500.000 17.416.000 10.909.000
Owing Banks 61.725.000 34.882.000 34.567.000
Fiscal Obligations 37.847.000 66.037.000 97.208.000
Accounts Payable 1.279.000 2.420.000 1.086.000
Current Liabilities 117.351.000 120.755.000 143.770.000
Total Long Term Liabilities 55.560.000 54.908.000 41.138.000
Capital 9.214.000 9.214.000 9.214.000
Reserves (Capital) 1.501.000 36.098.000 1.203.000
Retained Earnings 11.291.000 -38.855.000 -9.969.000
Net Worth or Total Equity 22.006.000 6.457.000 448.000
Total Liabilities and Capital 194.917.000 182.120.000 185.356.000
 

Assets Individual
Dec 31, 2008
Single Units
BRL
Individual
Dec 31, 2009
Single Units
BRL
Individual
Dec 31, 2010
Single Units
BRL
 
Cash Amount 1.181.000 1.037.000 47.000
Accounts Receiveable 16.339.000 15.431.000 17.537.000
Inventory 1.935.000 12.153.000 19.583.000
Marketable Security Amount 70.000 5.250.000
Notes Receivable Amount 22.707.000 6.610.000 951.000
Prepaid Expenses Amount 463.000 1.133.000 80.000
Other Credits Amount 2.085.000 3.425.000 4.214.000
Current Assets 44.780.000 37.523.000 47.662.000
Long Term Receivable Amount 10.684.000 13.367.000 2.654.000
Investments 105.000 12.186.000 12.698.000
Real Estate Amount 66.498.000 123.084.000 121.523.000
Deferred Assets 1.095.000 865.000
Fixed Assets 67.698.000 136.135.000 134.221.000
Total Assets 123.162.000 187.025.000 184.537.000
 
Liabilities Individual
Dec 31, 2008
Single Units
BRL
Individual
Dec 31, 2009
Single Units
BRL
Individual
Dec 31, 2010
Single Units
BRL
 
Suppliers 13.019.000 10.837.000 12.740.000
Owing Banks 43.129.000 35.087.000 42.566.000
Fiscal Obligations 9.248.000 15.341.000 26.029.000
Accounts Payable 2.242.000 1.367.000
Provisions / Obligations 2.745.000
Current Liabilities 70.459.000 62.721.000 82.702.000
Total Long Term Liabilities 58.302.000 91.954.000 76.911.000
Capital 9.214.000 9.214.000 9.214.000
Reserves (Capital) 2.586.000 40.754.000 1.689.000
Retained Earnings -17.399.000 -17.618.000 14.021.000
Net Worth or Total Equity -5.599.000 32.350.000 24.924.000
Total Liabilities and Capital 123.162.000 187.025.000 184.537.000
 

Profit & Loss (BRL)

Individual
From Jan 01, 2011
to Dec 31, 2011
Single Units
BRL
Individual
From Jan 01, 2012
to Dec 31, 2012
Single Units
BRL
Individual
From Jan 01, 2013
to Dec 31, 2013
Single Units
BRL
 
Gross Sales 143.152.000 109.373.000 135.423.000
Net Sales 143.152.000 109.373.000 135.423.000
Cost of Goods Sold -107.979.000 -87.579.000 -103.567.000
Gross Income 35.173.000 21.794.000 31.856.000
Sales Expenses -12.148.000 -12.250.000 -14.028.000
Administrative Expenses -6.937.000 -9.744.000 -7.568.000
Financial Expenses -30.372.000 -28.468.000 -25.562.000
Financial Revenue 5.402.000 3.389.000 3.364.000
Other Oper. Expenses/Revenue 3.406.000 2.300.000 2.990.000
Partial Oper. Income -5.476.000 -22.979.000 -8.948.000
Net Operating Income -5.476.000 -22.979.000 -8.948.000
Pre-Tax Income -5.476.000 -22.979.000 -8.948.000
Income Tax Provision 2.557.000 7.430.000 2.939.000
Net Income -2.919.000 -15.549.000 -6.009.000
Working Capital -59.177.000 -74.193.000 -93.994.000
 
Individual
From Jan 01, 2008
to Dec 31, 2008
Single Units
BRL
Individual
From Jan 01, 2009
to Dec 31, 2009
Single Units
BRL
Individual
From Jan 01, 2010
to Dec 31, 2010
Single Units
BRL
 
Gross Sales 149.344.000 86.802.000 119.325.000
Deductions -33.625.000
Net Sales 115.719.000 86.802.000 119.325.000
Cost of Goods Sold -87.475.000 -66.507.000 -90.894.000
Gross Income 28.244.000 20.295.000 28.431.000
Sales Expenses -9.362.000 -8.007.000 -10.333.000
Administrative Expenses -6.520.000 -6.487.000 -7.497.000
Financial Expenses -43.491.000 -23.685.000 -24.761.000
Financial Revenue 4.641.000 4.095.000
Other Oper. Expenses/Revenue 1.895.000 4.652.000
Partial Oper. Income -26.488.000 -15.989.000 -5.413.000
Net Operating Income -26.488.000 -15.989.000 -5.413.000
Non Operating Income 21.000
Pre-Tax Income -26.467.000 -15.989.000 -5.413.000
Income Tax Provision 8.869.000 6.023.000 149.000
Net Income -17.598.000 -9.966.000 -5.264.000
Working Capital -25.679.000 -25.198.000 -35.040.000
 

Liquidity Ratios

Liquidity Ratios

Profitability Ratios

Profitability Ratios

Debt Ratios

Debt Ratios

Ratios (USD)

  Dec 31, 2011 Dec 31, 2012 Dec 31, 2013
 
LIQUIDITY RATIOS
Current Ratio 0.50 0.39 0.35
Quick Ratio 0.31 0.21 0.18
General Liquidity 0.35 0.28 0.29
Short Term Debt-to-Equity 533.27 1,870.14 32,091.52
Debt-to-Equity 785.75 2,720.51 41,274.11
 
EFFICIENCY RATIOS
Collection Period 59.88 64.18 53.94
Asset Turnover 0.73 0.60 0.73
Inventory Turnover 6.65 5.12 5.68
Fixed Worth 608.55 2,058.50 29,405.80
 
PROFITABILITY RATIOS
Gross Margin 24.57 19.93 23.52
Operating Margin -3.83 -21.01 -6.61
Return on Sales -2.04 -14.22 -4.44
Return on Assets -1.50 -8.54 -3.24
Return on Net Worth -13.27 -240.81 -1,341.30
 

Estimated/Partial Financial Statements

Please see below the financial figures extracted from Trial Balance/Balance for the period from Jan 01, 2014 to Sep 30, 2014 (BRL):

Assets
Current Assets 60,074,000.00
Cash and Cash Equivalents 81,000.00
Customers 29,106,000.00
Inventory 26,181,000.00
Imediate Liquidity Investments 11,000.00
Refundable Taxes 3,316,000.00
Other Credits 1,379,000.00
Long term Accounts Receivable 1,740,000.00
Permanent 131,826,000.00
Investments 13,905,000.00
Fixed Assets 117,422,000.00
Intangible Assets 499,000.00
Total Assets 193,640,000.00
Liabilities / Shareholders Equity
Current Liabilities 93,273,000.00
Suppliers 11,102,000.00
Loans and Financing 22,407,000.00
Taxes Payable 27,446,000.00
Other Liabilities 1,285,000.00
Total Long Term Liabilities 88,288,000.00
Shareholders Equity 12,079,000.00
Capital Stock 9,214,000.00
Reserves (Capital) 33,828,000.00
Accumulated Loss -30,963,000.00
Total Liabilities 193,640,000.00
Income Statement
Net Revenue 106,847,000.00
Cost of Goods Sold -80,252,000.00
Gross Profit 26,595,000.00
Expenses with Sales -10,983,000.00
Administrative Expenses -6,335,000.00
Financial Expenses -31,820,000.00
Investment Earnings 27,080,000.00
Other Earnings 274,000.00
Net Operational Income 4,811,000.00
Income and Social Contribution Tax 6,820,000.00
Net Profit 11,631,000.00
====================================================================================================
The balance sheets are audited by Ernst & Young Auditores Independentes S/S.
====================================================================================================
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Conclusion

Summarise
- -

Financial Analysis

On Dec 31, 2013, the Working Capital was USD -40,168,376.07 , the General Liquidity Ratio was 0.29 and the Current Ratio was 0.35.

Subject's Own Working Capital (Net Worth - Fixed Assets) was USD -56,106,837.61.

Current Assets was USD 21,271,794.87.

Current Liabilities was USD 61,440,170.94.

General Debt Ratio was 41,274.11%.

Fixed Assets was USD 56,298,290.60.

Gross Margin (Gross Result/Net Sales) was 23.52%.

Operating Margin (Operating Result/Net Sales) was -6.61%.

Profit Margin (Net Profit/Net Sales) was -4.44%.

The most recent Balance Sheet shows a Loss.

In comparison to the previous year, Net Worth changed by -93.95%.

Net Sales for the above period changed by 7.94% when compared to the same period in the previous year.

Net Profit for the above period changed by 66.31% when compared to the same period in the previous year.

1 - Financial statement accounts are expressed in USD equivalent.

2 - The accounting method used in the elaboration of each financial statement is the Corporate Legislation method and treated in the following manner: Balance Sheet accounts were converted to USD using the official USD rate as of the closing of the statement. Profit & Loss statement accounts from Gross Sales to Non Op. Result were converted using the arithmetic mean of the twelve months official USD rates for the period. Others accounts to Net Income were converted to USD using the official USD rate as of the closing of the statement.

3 - The financial statement submitted with the closing date of Dec 31, 2010 are treated as follows: Balance Sheet accounts and Profit & Loss statement are converted to USD using the official USD rate as of the closing of the statement.

Official Dollar Rates:

Dec. 31, 2009: USD 1.00 = BRL 1,74;
Dec. 31, 2010: USD 1.00 = BRL 1,66;
Dec. 31, 2011: USD 1.00 = BRL 1,88;
Dec. 31, 2012: USD 1.00 = BRL 2,04;
Dec. 31, 2013: USD 1.00 = BRL 2,34
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Appendices

Summarise
- -

Customer Service

Should you require any further information or have any questions, please contact your local Customer Service Centre. Brazilian subscribers please contact:


Dun & Bradstreet do Brasil Ltda.

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Paraíso - São Paulo - SP - Brazil

CEP: 04004-040

Tel: 55 11 2107-6800

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www.dnbbra.com.br

Enquiries should always contain the below minimum details please:

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D&B Rating Glossary

The following ratings are available for businesses in Brazil:

D&B Rating - The D&B® Rating in Brazil consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on Net Worth of a current fiscal balance sheet. The table below contains the values for the D&B Rating in Brazil.

Financial Strength Indicator
  Range USD Composition of Credit Risk
Net Worth From To Strong Good Fair Poor
5A 50,000,000 And above 1 2 3 4
4A 10,000,000 49,999,999 1 2 3 4
3A 1,500,000 9,999,999 1 2 3 4
2A 750,000 1,499,999 1 2 3 4
1A 375,000 749,999 1 2 3 4
A 188,000 374,999 1 2 3 4
B 94,000 187,999 2 3 4
C 47,000 93,999 2 3 4
D 24,000 46,999 2 3 4
E 12,000 23,999 2 3 4
F 6,000 11,999 2 3 4
G 0 5,999 2 3 4
O Balance Sheet not available.
Credit Risk Condition Risk Indicator Interpretation
1 Strong Minimum Risk Grant Credit - offer more enlarged terms if necessary
2 Good Risk Low Grant Credit
3 Fair Slightly bigger than the average Risk Grant Credit, but monitored
4 Poor Meaningful Risk Examine each case before granting credit, get more market information, and analyze other suppliers. Ask for assurance if necessary due to the high risk.
S Service Companies By the business nature, do not sign risk level Companies that do not request credit in their normal activities (Banks, Brokerages, Insurance Co., Schools, Associations, Government, etc...)
- Undetermined Unknown Risk Insufficient Information
An "S" Risk Indicator is only assigned in conjunction with a Financial Strenght Indicator (e.g. 5A S, 4A S, F S, O S)

Risk Indicator - Used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months.

Alternate Ratings Used
-- No information available
NB New Business: Less than 30 months
BR Local Branch
FB Foreign Branch
NQ Out of Business: Business has ceased to trade
N4 Negative Net Worth

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