MIRA INFORM
REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCS - COMERCIAL E SERVIÇOS QUÍMICOS S.A. |
|
|
|
|
Registered Office : |
Rua São Bento, 8 - 18º Andar – Centro, Zip Code 20090-010 - Rio De Janeiro/Rj |
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|
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Country : |
Brazil |
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|
|
Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.01.1997 |
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|
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Legal Form : |
Privately Held Corporation |
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|
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Line of Business : |
Wholesale and Import of 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 |
|
Maximum Credit Limit : |
US$ 3.000.000,00 |
|
Status : |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Brazil |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SCS - COMERCIAL E
SERVIÇOS QUÍMICOS S.A.
compANY ADDRESSES
|
MAIN ADDRESS: |
RUA SÃO BENTO, 8 - 18º ANDAR - CENTRO |
|
ZIP CODE/CITY: |
20090-010 - RIO DE JANEIRO/RJ |
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|
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PHONE: |
21 3265-5100 |
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E-MAIL: |
srebello@scs.com.br |
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WEB SITE: |
www.scsquimico.com |
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BRANCHES: |
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|
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ADDRESS: |
AVENIDA ENGENHEIRO REMO CORRÊA DA SILVA, 1 - TOPOLÂNDIA |
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ZIP CODE/CITY: |
11600-000 SÃO SEBASTIÃO/SP |
|
|
|
|
ADDRESS: |
ESTRADA DA ILHA DA MADEIRA - S/Nº. - PÁTIO M - PORTO DE SEPETIBA |
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ZIP CODE/CITY: |
23825-410 ITAGUAÍ/RJ |
|
|
|
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ADDRESS: |
RUA DOUTOR ASCÂNIO PEIXOTO - S/Nº. - RECIFE |
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ZIP CODE/CITY: |
50030-290 RECIFE/PE |
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|
|
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ADDRESS: |
ALAMEDA DOS JURUPIS, 657 - CONJUNTOS 62 E 63 - MOEMA |
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ZIP CODE/CITY: |
04088-002 SÃO PAULO/SP |
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|
|
|
ADDRESS: |
RUA D. FERNANDO TREJO Y CANABRIA, 1 - ACARAÍ |
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ZIP CODE/CITY: |
89240-000 SÃO FRANCISCO DO SUL/SC |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE AND IMPORT OF CHEMICAL PRODUCTS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
21/01/1997 |
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REGISTER DATE: |
21/01/1997 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER (CNPJ): |
01.625.195/0001-28 |
|
STATE REGISTER: |
75.819.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 19.630.000,00 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
MÔNICA FERRAZ |
SUPERVISING DIRECTOR |
|
MARCO ANTÔNIO ALCÂNTARA VALENÇA |
TECHNICAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
ARTHUR OSÓRIO FERRAZ FALK |
|
JOSÉ LUIZ FERRAZ FALK |
|
CARCHEMISH FOUNDATION |
|
VALENTINA FERRAZ FALK |
|
MÔNICA FERRAZ |
|
GASTÃO D’AVILA MELO BRUN |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
INTERUNION VIAGENS E TURISMO LTDA |
|
ECN EMPREENDIMENTOS DO NORTE LTDA |
|
COMERCIAL CAMINHO DA ROÇA LTDA |
|
BRUN CONSULTORIA EMPRESARIAL LTDA |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 21, 1997 AS SCS SOCIEDADE COMERCIAL
E DE SERVIÇOS QUÍMICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON
JULY 04, 2007 IT ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA RIO BRANCO, 20, 15º E 16º
ANDAR, RIO DE JANEIRO/RJ) TO THE PRESENT REGISTERED ONE. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. SANDRA, FINANCIAL DEPARTMENT,
WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE
INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF
THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR
DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES
USUALLY INVESTIGATED. |
|
PUBLIC RECORDS
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN REAIS). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
984.914,00 |
11.013.540,00 |
5.327.248,00 |
|
INVESTMENTS |
10.983.864,00 |
10.364.472,00 |
12.609.891,00 |
|
CLIENTS |
16.562.221,00 |
8.118.347,00 |
16.380.301,00 |
|
RECOVERABLE TAXES |
1.837.969,00 |
1.565.927,00 |
1.439.562,00 |
|
INVENTORY |
10.370.429,00 |
6.664.731,00 |
14.613.238,00 |
|
IMPORTS IN PROGRESS |
2.512.351,00 |
2.591.570,00 |
1.833.774,00 |
|
OTHER CREDITS |
2.458.281,00 |
1.004.553,00 |
409.697,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
45.710.029,00 |
41.323.140,00 |
52.613.711,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.569.889,00 |
3.403.971,00 |
2.730.101,00 |
|
DEFERRED TAXES |
2.985.416,00 |
2.688.240,00 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
4.555.305,00 |
6.092.211,00 |
2.730.101,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.886.162,00 |
1.868.110,00 |
2.488.093,00 |
|
FIXED ASSETS |
17.201.561,00 |
8.028.052,00 |
5.634.396,00 |
|
INTANGIBLE |
11.754,00 |
43.817,00 |
83.503,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
19.099.477,00 |
9.939.979,00 |
8.205.992,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
69.364.811,00 |
57.355.330,00 |
63.549.804,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
14.877.977,00 |
7.289.722,00 |
13.710.721,00 |
|
ACCOUNTS PAYABLE |
16.294,00 |
258.876,00 |
105.321,00 |
|
DIVIDENDS |
879.127,00 |
1.055.416,00 |
17.087.679,00 |
|
TAXES & CONTRIBUTIONS |
1.882.217,00 |
973.475,00 |
905.300,00 |
|
PROVISIONS |
603.792,00 |
523.513,00 |
346.549,00 |
|
ADVANCE FROM CLIENTS |
465.629,00 |
240.194,00 |
646.975,00 |
|
PROVISIONS/INCOME TAX |
|
|
809.247,00 |
|
LEASING |
373.306,00 |
|
|
|
INTERESTS ON OWN CAPITAL |
|
300.785,00 |
1.408.440,00 |
|
OTHER DEBTS |
704.163,00 |
715.845,00 |
881.385,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
19.802.505,00 |
11.357.826,00 |
35.901.617,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LEASING |
505.340,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
505.340,00 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
19.630.000,00 |
19.393.000,00 |
11.138.922,00 |
|
LEGAL RESERVES |
2.506.860,00 |
2.321.780,00 |
2.084.872,00 |
|
PROFIT RESERVES |
17.308.128,00 |
17.308.128,00 |
9.054.050,00 |
|
RESERVES/TAX INCENTIVES |
6.974.596,00 |
6.974.596,00 |
5.370.343,00 |
|
DIVIDENDS |
2.637.382,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
49.056.966,00 |
45.997.504,00 |
27.648.187,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
69.364.811,00 |
57.355.330,00 |
63.549.804,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN REAIS). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
166.288.621,00 |
115.488.988,00 |
150.365.064,00 |
|
(-) TAXES ON SALES |
25.188.766,00 |
19.376.303,00 |
26.141.876,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
141.099.855,00 |
96.112.685,00 |
124.223.188,00 |
|
(-) COST OF SOLD GOODS |
112.591.150,00 |
93.884.679,00 |
88.559.116,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
28.508.705,00 |
2.228.006,00 |
35.664.072,00 |
|
OPERATING REVENUE (EXPENSE) |
-23.503.622,00 |
-768.370,00 |
1.765.422,00 |
|
FINANCIAL REVENUE (EXPENSE) |
-858.656,00 |
160.792,00 |
-3.345.924,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
4.146.427,00 |
1.620.428,00 |
34.083.570,00 |
|
CONTRIBUTION/INCOME TAX |
297.175,00 |
2.688.240,00 |
-6.403.285,00 |
|
PROFIT SHARING |
-742.013,00 |
-412.091,00 |
-365.349,00 |
|
INTERESTS ON OWN CAPITAL |
|
841.590,00 |
1.618.487,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.701.589,00 |
4.738.167,00 |
28.933.423,00 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
1,78 |
|
3,05 |
|
1,06 |
|
|
CURRENT RATIO |
2,31 |
|
3,64 |
|
1,47 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,52 |
TIMES |
11,84 |
TIMES |
7,58 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
42,26 |
DAYS |
30,41 |
DAYS |
47,47 |
DAYS |
|
INVENTORY TURNOVER |
10,86 |
TIMES |
14,09 |
TIMES |
6,06 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
47,57 |
DAYS |
27,95 |
DAYS |
55,74 |
DAYS |
|
RETURN ON ASSETS |
2,03 |
TIMES |
1,68 |
TIMES |
1,95 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,88 |
TIMES |
2,09 |
TIMES |
4,49 |
TIMES |
|
NET WORTH TIE-UP |
,35 |
|
,17 |
|
,20 |
|
|
INDEBTEDNESS |
,41 |
|
,25 |
|
1,30 |
|
|
EQUITY RATIO |
70,72 |
% |
80,20 |
% |
43,51 |
% |
|
WORKING CAPITAL RATIO |
130,83 |
% |
263,83 |
% |
46,55 |
% |
|
GENERAL SOLVENCY |
3,42 |
|
5,05 |
|
1,77 |
|
|
RETURN ON NET EQUITY |
7,55 |
% |
10,30 |
% |
104,65 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,62 |
% |
4,93 |
% |
23,29 |
% |
|
GROSS PROFIT MARGIN |
20,20 |
% |
2,32 |
% |
28,71 |
% |
|
OPERATIONAL RESULT |
2,94 |
% |
1,69 |
% |
27,44 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,13 |
TIMES |
8,46 |
TIMES |
3,46 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,58 |
- OFFICIAL RATE ON 02/06/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL AMOUNT, AS WELL AS ACCEPTABLE
LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND POSITIVE RESULT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 6.355.318,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 239.068,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.343.485,00
INSURANCE
|
THE COMPANY HAS THE FOLLOWING INSURANCE COVERAGES: - INTERNATIONAL TRANSPORTATION; - GOODS: AGAINST FIRE, RAY, EXPLOSION, WINDSTORM AND SMOKE; - CORPORATE; - CIVIL LIABILITY. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
BANCO BRADESCO S/A |
3369-3 / 21 3861-6658 |
|
BANCO ITAÚ S/A |
/ 21 2223-1250 |
|
BANCO FIBRA S/A |
/ 21 2240-6272 |
|
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
|
WHOLESALE AND IMPORT OF CHEMICAL PRODUCTS AND MARINE SERVICES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, MEXICO, POLAND AND CHINA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
DOMESTIC
CLIENTS: |
PHONE: |
|
CEBRACE CRISTAL PLANO LTDA |
12 3955-8003 |
|
CIA INDUSTRIAL SÃO PAULO E RIO - CISPER |
|
|
GUARDIAN DO BRASIL VIDROS PLANOS LTDA |
24 3355-9000 |
|
OWENS ILLINOIS DO BRASIL |
11 6542-8118 |
|
SAINT GOBAIN VIDROS S/A |
|
|
UNILEVER BRASIL LTDA |
|
|
WHEATON DO BRASIL IND. E COM. LTDA |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 50 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 1997. SO FAR IT HAS OPERATES WITH A HIGH
AND GROWING SCALE OF ACTIVITIES, A CLEAR TRADE HISTORY AND GOOD PAYMENT
BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
PHONE: |
|
3JH METODHUS CONSULTORIA E INFORMÁTICA |
21 2212-0964 |
|
K D FEDERSEN DO BRASIL |
11 5041-1617 |
|
PRONAVE AGENTE DE COMÉRCIO EXTERIOR |
12 3452-1499 |
|
QUIREY DO BRASIL |
11 3257-5233 |
|
VINELE - SERV. DE TERRAPLANAGEM |
47 3444-3300 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
ANSAC - AMERICAN NATURAL SODA ASH CORP. |
UNITED STATES |
1-203-226-9056 |
|
PAYMENT HISTORY: |
|
18 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 230 |
|
TOTAL OF PROMPT PAYMENTS: 98% |
|
TOTAL OF DELAYED PAYMENTS: 2% |
|
|
|
HIGHEST INVOICE: R$ 101.139,00 |
|
HIGHEST CREDIT: R$ 158.490,00 |
FINAL OPINION
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1997. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND 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.
AN INITIAL CREDIT LIMIT OF US$ 3.000.000,00 MAY BE CONSIDERED.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.85 |
|
UK Pound |
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
---- |
NB |
New Business |
---- |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.