MIRA
INFORM REPORT
|
Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
TANQUIMICA INDUSTRIA E COMERCIO LTDA |
|
|
|
|
Registered Office : |
AV Fagundes De
Oliviero No 1200 Vila
Sao Jose, Diadema, Sao Paulo, CEP 09950-300 |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
10.03.1992 |
|
|
|
|
Com. Reg. No.: |
469.702.047 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Production of organic chemical products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Company Name & Address
Tanquimica Industria E Comercio Ltda
AV Fagundes De
Oliviero No 1200
Vila Sao Jose,
Diadema,
Sao Paulo,
CEP 09950-300
Head information
Company name: TANQUIMICA INDÚSTRIA E
COMÉRCIO LTDA
Trade Name :
TANQUIMICA
Address :
Av. Fagundes de
Oliveira, 1.200 – Piraporinha 09950-300 – Diadema/SP - Brasil
Phone :
(55-11) 4072-5000
Fax :
(55-11) 4071-1780
E-mail :
tatiana@tanquimica.com.br
Web Site :
www.tanquimica.com.br
Legal information
Legal Status : Private Limited Company
Incorporation date : March 10, 1992
Register number : 469.702.047
Tax contributor (CNPJ) : 67.748.426/0001-07
Registered capital : R$1.000.000,00
State Registration #:
286.124.275.119
Number of employees : 18
Branches : 01 – Campo Bom/RS
History
Established on March 10, 1992,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) under
# 469.702.047, into the present registered name.
Partnership
/ Management:
SILVESTRE CUSTÓDIO NETO -
40%
(joined 08/1994), Brazilian, Married, CPF: 048.577.028-86
FERNANDO PACHECO RICHTER -
30%
Brazilian, Married, CPF: 192.716.460-53
NILSON EDUARDO SAKO - 20%
Brazilian, Married, CPF: 039.926.368-36
GERMINO VITORINO DE SOUZA FILHO - 10%
Brazilian, Married, CPF: 955.029.988-00
Properties
Other properties:
Owner: Nilson Eduardo Sako
Properties, valued at R$150.000,00
Registered
line of business:
Production of organic chemical products
Main Products:
30% - Neutran BMF
20% - Tancurt D 920
20% - Tancurt D 78
Purchases/Sales:
Domestic market
Related Companies
Stock participation:
RAW MATERIAL IND E COM LTDA
CNPJ: 22.011.415/0001-01
- Nilson Eduardo Sako - 40,00%
- Silvestre Custódio Neto - 30,00%
- Fernando Pacheco Richter - 15,00%
- Germino Vitorino de Souza Filho - 15,00%
ATI ASSESSORIA TECNOLOGIA E IND LTDA
CNPJ: 01.164.311/0001-59
- Silvestre Custódio Neto - 12,50%
SFC PARTIC NEGÓCIOS ADM PLANEJAMENTO GESTÃO
CNPJ: 08.140.636/0001-40
- Silvestre Custódio Neto - 50,00%
- Fernando Pacheco Richter - 37,50%
- Germino Vitorino de Souza Filho - 12,50%
Financial Data
According to the Brazilian Law
Private Limited Companies are not obliged to file financial accounts for public
inspection.
The following financial statement was
obtained through outside sources consulted.
Balance sheet information for fiscal year
ending:
31/12/2004 – US$1.00 = R$2,654
31/12/2003 - US$1.00 = R$2,889
Figures are in (Thousands of) Reais R$:
ASSETS
|
|
2004 |
2003 |
|
Current Assets |
14.559 |
11.315 |
|
Inventory |
3.517 |
2.533 |
|
Other Assets |
11.042 |
8.782 |
|
Fixed Assets |
2.307 |
2.171 |
|
Immovable |
2.307 |
2.171 |
|
Total Assets |
16.866 |
13.486 |
LIABILITIES
|
|
2004 |
2003 |
|
Current Liabilities |
824 |
2.126 |
|
Suppliers |
569 |
1.721 |
|
Other liabilities |
255 |
405 |
|
Net Equity |
16.042 |
11.360 |
|
Capital |
1.000 |
1.000 |
|
Accumulated Profit (Loss) |
15.042 |
10.360 |
|
Total Liabilities |
16.866 |
13.486 |
INCOME STATEMENT
|
|
2004 |
2003 |
|
Annual Net Sales |
25.589 |
19.344 |
|
Gross Income |
9.234 |
5.668 |
|
Operating Income |
5.507 |
2.398 |
|
Net Income |
5.502 |
2.382 |
FINANCIAL ANALYSIS
|
|
2004 |
2003 |
|
Current
Ratio |
17,66 |
5,32 |
|
Current
Debt Ratio |
0,05 |
0,18 |
|
Total
Debt Ratio |
1,05 |
1,18 |
|
Working
Capital |
$13.735 |
$9.189 |
(Dollar rate US$1.00 = R$2,168 on 23/11/2006).
Remark: It was not possible to find
the update financial statement through outside sources consulted.
Banking
Banco do
Brasil S/A. - branch 0717
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
Up to
November 23, 2006 no returned checks were found either in the name of the company
or partners.
Insurance
Not have
Payment information
124 invoices
|
Information
on purchases: |
||||
|
NOV/2006 |
Last: |
R$64
|
Average: |
R$4.632
|
|
Information
on invoicing: |
||||
|
OUT/2005 |
Highest: |
R$108.521
|
Average: |
R$9.911
|
Information on accumulation:
|
||||
|
JAN/2006 |
Highest: |
R$199.258
|
Average: |
R$16.628
|
99% - prompt payments
1% - delays from 06 up to 15 days
Trade References
Main
Suppliers:
AGECOM PRODUTOS DE PETROLEO LTDA
MK QUÍMICA DO BRASIL LTDA
SPRINT FOMENTO MERCANTIL LTDA
ELEKEIROZ S/A
BANDEIRANTE QUÍMICA LTDA
Main
clients:
COMING IND E COM DE COUROS LTDA
BRACOL IND E COM LTDA
CURTUME BENDER S/A
CURTUME TOURO LTDA
Public Information
Up to November 23, 2006, negative information
was found.
01
protested bill:
17/11/2006 R$398,69 Campo
Bom/RS
Remarks
Contacted Mrs. Tatiana, we requested the balance sheet of
2005, however until the moment we didn't receive an answer.
The information in this report were obtained from outside
sources and public records.
Final Opinion
Public records information shows
some detrimental information however, due to the company size and the level of
its operations it is considered normal that this kind of negative information
is found. Therefore, we point out that the trade reputation of the company is good despite of the detrimental
records.
Based on overall information, the company can be considered normal for
business dealings at usual trade terms and conditions.
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 |
|