MIRA
INFORM REPORT
|
Report Date : |
11th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
PROAROMA
INDUSTRIA E COMERCIO LTDA. |
|
|
|
|
Registered Office : |
Av. Casa
Grande, 969 – Piraporinha 09961-350 - Diadema/SP - Brazil |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30/08/2006 |
|
|
|
|
Date of Incorporation : |
27.06.1965 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Manufacture of Aromatic Concentrates |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
US$ 1.000,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Company name & Address
Proaroma
Av Casa Grande 969 Cep: 09961-350 Diadema
Sao Paulo
Brazil
Head information
Company name :
PROAROMA INDÚSTRIA E COMÉRCIO LTDA.
Trade Name :
PROAROMA
Address :
Av. Casa Grande, 969
– Piraporinha 09961-350 - Diadema/SP - Brasil
Phone :
(55-11) 4066 7655
Fax :
(55-11) 4066 7599
E-mail : proaroma@proaroma.com.br
Web Site : www.proaroma.com.br
Legal information
Legal Status : Private Limited Company
Incorporation date : June 27, 1965
Tax contributor (CNPJ) : 50.739.893/0001-13
Registered capital : R$7.000.000,00
State Registration #:286.035.120.118
Number of employees : 165
History
Established on June 27, 1965,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) as
Proaroma Indústria e Comércio de Produtos Aromáticos Ltda. On July 01, 1972 the
company changed into Proaroma S/A. Indústria e Comércio. On January 29, 1983
the subject adopted the present registered name.
Properties
Premisses at the captioned address is owned by
the subject.
Valeud at: R$896.218,00
Subject stated to possess several properties, valued at:
R$966.013,00
Owner: Kurt Mochny
Properties, valued at R$418.656,00
Owner: Walter Antônio Mochny
Properties, valued at R$280.000,00
Partnership
/ Management::
Kurt Mochny (joined
06/1965) - 70,0%
Austrian, Married, CPF 065.265.198-49
Walter Antônio Mochny (joined 12/1997) - 10,0%
Brazilian, Married, CPF 084.941.308-70
Hilda Kirie Hirata (joined 03/1983) - 10,0%
Brazilian, Single, CPF 648.573.368-04
Verônica Maria Mochny (joined 12/1997) - 10,0%
Brazilian, Divorced, CPF 088.228.028-70
Registered
line of business:
Manufacture of Aromatic Concentrates
Related Companies
Stock participation:
DWM COM. E PESQUISA E DESENVOLVIMENTO - CNPJ.:02.243.553/0001-09
Walter Antonio
Mochny -
90,0%
VERÔNICA MARIA MOCHNY - CNPJ: 04.127.952/0001-21
- Verônica Maria Mochny -
100,0%
Financial Data
According to the Brazilian Law
Private Limited Companies are not obliged to file financial accounts for public
inspection. Themselves declined to disclose any kind of financial data.
The following financial statement
was obtained through outside sources consulted.
Interim balance sheet as of 30/08/2006 – US$1.00
= R$2,139
Balance sheet information for fiscal year
ending:
31/12/2005 - US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
Assets
|
08/2006 |
2005 |
2004 |
|
Current Assets |
10.550 |
7.645 |
11.277 |
|
Inventory |
2.914 |
3.050 |
3.272 |
Other Assets
|
7.636 |
4.595 |
8.005 |
Long Term Assets
|
837 |
870 |
845 |
Fixed Assets
|
2.804 |
2.631 |
2.846 |
Investment
|
72 |
72 |
72 |
|
Immovable |
2.179 |
2.559 |
2.774 |
|
Deferred |
13 |
- |
-0 |
Total Assets
|
14.191 |
11.176 |
14.968 |
Liabilities
|
08/2006 |
2005 |
2004 |
Current Liabilities
|
7.243 |
5.441 |
7.320 |
|
Suppliers |
3.207 |
2.199 |
3.814 |
Other liabilities
|
4.036 |
3.242 |
3.506 |
Long Term Liabilities
|
1.418 |
56 |
591 |
Net Equity
|
5.530 |
5.679 |
7.057 |
Capital
|
7.000 |
7.000 |
7.000 |
Reserves
|
19 |
19 |
190 |
Accumulated
Profit (Loss)
|
(1.489) |
(1.340) |
38 |
Total Liabilities
|
14.191 |
11.176 |
14.968 |
Income
Statement
|
08/2006 |
2005 |
2004 |
Annual Net Sales
|
22.924 |
35.307 |
43.364 |
Gross Income
|
4.981 |
6.234 |
7.287 |
Operating Income
|
(140) |
(1.555) |
(452) |
Net Income
|
(148) |
(1.378) |
(579) |
Financial
Analysis
|
08/2006 |
2005 |
2004 |
Current Ratio
|
1,46 |
1,41 |
1,54 |
Current Debt Ratio
|
1,31 |
0,96 |
1,04 |
Total Debt Ratio
|
2,57 |
1,97 |
2,12 |
Working Capital
|
$3.307 |
$2.234 |
$3.957 |
(Dollar rate US$1.00 = R$2,141 on 09/11/2006).
Banking
Banco Itaú S/A branch 0257
Banco do Brasil S/A branch 3357
Banco Sudameris S/A branch 0620
Remark: banking comments
could not be obtained due to legal restrictions from the Brazilian Law.
Up to November 09, 2006 no returned
cheques were found either in the name of the company or partners.
Insurance
Coverage All
risks
Value: R$62.000,00
Expiration: December,
2006
Coverage Fire
Value: R$20.000,00
Expiration: December,
2006
Coverage All
risks
Value: R$15.000,00
Expiration: December,
2006
Public Trade Payment
326 Invoices
|
Information
on purchases: |
||||
|
OCT/2006 |
Last: |
R$57.874
|
Average: |
R$8.140
|
|
Information
on invoicing: |
||||
|
OCT/2006 |
Highest: |
R$57.874
|
Average: |
R$8.140
|
Information on accumulation:
|
||||
|
MAR/2006 |
Highest: |
R$707.831
|
Average: |
R$85.410
|
100% - prompt payments
Trade References
Main
Suppliers:
Oxy Trade Comércio e Indústria de Produtos
Químicos
Petroflex Indústria e Comércio Ltda.
C M A Comércio e Exportação Ltda
CARGILL AGRÍCOLA S/A.
Indústrias Gessy Lever ltda.
Gequímica Produtos Químicos Ltda.
Magnesita S/A.
Main clients:
General Brands do Brasil Ind. e Com. De
produtos alimentícios
KRAFT LACTA SUCHARD BRASIL S/A.
Simas Industrial S/A.
Riclan S/A.
Parati S/A
Peccin S/A
Public Records Information
Up to November 09, 2006, no negative information
was found.
Remarks
Subject declined to disclose any
kind of information without knowing the Enquirer’s name.
The information in this report were obtained from third
parties and public records.
Final Opinion
Public records information shows
some detrimental information.
Based on
the over all information available it is believed that the subject is worthy
for credit operations. A
credit
limit of US$ 1.000,000 is considered to be feasible.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|