MIRA INFORM REPORT
|
Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AROMAT PRODUTOS QUIMICOS LTDA. |
|
|
|
|
Registered Office : |
Estrada Dos Casa,2301 - Bairro Dos Casa, Zip Code 09840-000 - São Bernado Do Campo/Sp City |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
19.11.1990 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Chemical Products |
|
|
|
|
No. of Employees
: |
16 Persons |
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 |
|
Status : |
Good |
|
|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
AROMAT PRODUTOS QUIMICOS LTDA.
company ADDRESSES
|
MAIN ADDRESS: |
ESTRADA DOS CASA,2301 - BAIRRO DOS CASA |
|
ZIP CODE/CITY: |
09840-000 - SÃO BERNADO DO CAMPO/SP |
|
|
|
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PHONE: |
11 4344-3800 |
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FAX: |
11 4344-3800 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
|
DOES NOT HAVE. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE OF CHEMICAL PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
19/11/1990 |
|
REGISTER DATE: |
19/11/1990 |
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BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
64.813.165/0001-65 |
|
STATE REGISTER: |
635.248.991.112 |
|
|
|
|
SHARE CAPITAL: |
R$ 850.000,00 |
|
LAST REGISTER OF CAPITAL: |
30/10/2006 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
EDUARDO PERALTA ROLEMBERG ALBURQUEQUE |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
EDUARDO PERALTA ROLEMBERG ALBURQUEQUE |
99% |
|
MARIA CRISTINA POTOMATI FIUZA |
1% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
LUKSNOVA S/A INDUSTRIA E COMERCIO |
|
|
DOVAC INDUSTRIA E COMERCIO LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 19, 1990 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. TRADE NAME: "AROMAT" PARTNERS: EDUARDO PERALTA ROLEMBERG ALBUQUERQUE: BRAZILIAN, HOLDER OF DOCUMENTS
CPF 051.028.768-99, RESIDENTIAL ADDRESS AT AV. JURUCE, 878, APTO. 81, MOEMA,
SÃO PAULO-SP, CEP 04080-013; MARIA CRISTINA POTOMATI FIUZA: BRAZILIAN, HOLDER OF DOCUMENTS CPF
039.884.648-05, RESIDENTIAL ADDRESS AT ALAMEDA DOS QUARAMONIS, 514, APTO 51,
MOEMA, SÃO PAULO-SP, CEP 04076-010. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
|
CASH AND BANKS |
227.615,44 |
890.467,18 |
|
|
CLIENTS |
8.119.184,41 |
6.521.469,69 |
|
|
RECOVERABLE TAXES |
1.299.254,96 |
988.003,39 |
|
|
INVENTORY |
5.175.230,87 |
5.231.339,51 |
|
|
PRE PAID EXPENSES |
1.058,14 |
85.715,48 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
14.822.343,82 |
13.716.995,25 |
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ESCROW DEPOSITS |
10.000,00 |
10.000,00 |
|
|
MARKETABLE SECURITIES |
2.063,88 |
2.063,88 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG-TERM RECEIVABLES |
12.063,88 |
12.063,88 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
946.637,46 |
854.224,42 |
|
|
INTANGIBLE |
9.066,77 |
7.806,57 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
955.704,23 |
862.030,99 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
15.790.111,93 |
14.591.090,12 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
|
LOANS AND FINANCING |
951.234,62 |
2.043.127,85 |
|
|
SUPPLIERS |
7.871.944,78 |
5.710.904,01 |
|
|
TAX LIABILITIES |
245.026,06 |
68.557,49 |
|
|
ADVANCES |
|
954.407,43 |
|
|
LABOR OBLIGATIONS |
465.532,13 |
241.917,29 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
9.533.737,59 |
9.018.914,07 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
850.000,00 |
850.000,00 |
|
|
CAPITAL RESERVES |
2.063,88 |
2.063,88 |
|
|
ACCRUED PROFIT (LOSS) |
4.720.112,17 |
4.215.886,84 |
|
|
PROFIT (LOSS) OF PERIOD |
684.198,29 |
504.225,33 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
6.256.374,34 |
5.572.176,05 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
15.790.111,93 |
14.591.090,12 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
|
GROSS SALES |
53.958.330,57 |
44.602.115,06 |
|
|
(-) TAXES ON SALES |
15.820.925,72 |
12.122.401,25 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
38.137.404,85 |
32.479.713,81 |
|
|
(-) COST OF SOLD GOODS |
33.091.407,05 |
29.073.028,21 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
5.045.997,80 |
3.406.685,60 |
|
|
OPERATING REVENUE (EXPENSE) |
-3.541.283,75 |
-3.122.704,04 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-492.551,83 |
477.319,43 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
1.012.162,22 |
761.300,99 |
|
|
NON-OPERATING RESULT |
-3.047,41 |
-22.296,49 |
|
|
CONTRIBUTION/INCOME TAX |
-324.916,52 |
-234.779,17 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
684.198,29 |
504.225,33 |
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
|
|
QUICK RATIO |
1,01 |
|
,94 |
|
|
|
|
CURRENT RATIO |
1,55 |
|
1,52 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,70 |
TIMES |
4,98 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
76,64 |
DAYS |
72,28 |
DAYS |
|
|
|
INVENTORY TURNOVER |
6,39 |
TIMES |
5,56 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
85,64 |
DAYS |
70,72 |
DAYS |
|
|
|
RETURN ON ASSETS |
2,42 |
TIMES |
2,23 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
6,10 |
TIMES |
5,83 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,15 |
|
,15 |
|
|
|
|
INDEBTEDNESS |
1,52 |
|
1,62 |
|
|
|
|
EQUITY RATIO |
39,62 |
% |
38,19 |
% |
|
|
|
WORKING CAPITAL RATIO |
55,47 |
% |
52,09 |
% |
|
|
|
GENERAL SOLVENCY |
1,66 |
|
1,62 |
|
|
|
|
RETURN ON NET EQUITY |
10,94 |
% |
9,05 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
1,79 |
% |
1,55 |
% |
|
|
|
GROSS PROFIT MARGIN |
13,23 |
% |
10,49 |
% |
|
|
|
OPERATIONAL RESULT |
2,65 |
% |
2,34 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
4,00 |
TIMES |
3,60 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,80 |
- OFFICIAL RATE ON 21/11/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS HIGH BUT IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING
CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT ALSO SHOWS
GROWING SALES AND POSITIVE RESULT. |
REAL
ESTATE:
NOT AVAILABLE
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO ITAU S/A |
0017 / 3003-4828 |
|
|
BANCO BRADESCO S/A |
3398-7 / 11 4126-7000 |
|
|
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 WHOLESALE OF CHEMICAL PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
THE COMPANY IMPORTS FROM: MEXICO, UNITED STATES, INDIA, CHINA AND
BELGIUM. VALUE (ANNUALLY) US$ 10.000.000,00 |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BASF S/A |
|
11 4343-2652 |
|
PPG INDUSTRIAL DO BRASIL LTDA |
|
19 3864-6064 |
|
SHERWIN WILLIANS DO BRASIL IND. COM. LTDA |
|
11 4766-5092 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 16 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1990. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST 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: |
|
COPESUL CIA PETROQUIICA DO SUL |
|
51 457-6104 |
|
COREMAL COM REPRES MAIA LTDA |
|
|
|
DISTR ELETRONICOS ROUTE 66 LTDA |
|
|
|
DOVAC IND COM LTDA |
|
|
|
IND BANDEIRANTE ARTEF PLAST MAD LTDA |
|
|
|
PETROBRAS DISTRIBUIDORA S/A-BR |
|
11 3161-5181 |
|
PETROQUIMICA UNIÃO S/A |
|
11 4476-1635 |
|
PROT-CAP ARTIG P/PROTEÇÃO INDL LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
ELEMENTIS SPECIALTIES INC |
UNITED STATES |
(609) 443-2337 |
|
MICRO POWDERS INC.
- |
UNITED STATES |
(914) 793-4058 |
|
PYOSA S/A DE CV PRODUTOS QUIMICOS INDUSTRIALES |
MEXICO |
(5281) 8625-5661 |
|
PAYMENT HISTORY: |
|
1 SUPPLIER REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.324,00 |
|
|
|
AMOUNT OF INVOICES PAID: 2 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 782,00 |
|
HIGHEST CREDIT: R$ 782,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
2 |
R$ 26.005,88 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A FAIR FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
NO ADVERSE INFORMATION IS NOTED. 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. |
|
|
|
|
|
|
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
|
|
31-12-10 |
|
31-12-09 |
|
|
ASSETS |
|
% |
|
% |
|
Current Assets |
93.87 |
$
13,716,995 |
94.01 |
|
|
Fixed Assets |
$ 955,704 |
6.05 |
$ 862,031 |
5.91 |
|
TOTAL ASSETS |
$
15,790,112 |
100.00 |
$
14,591,090 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
$
9,533,738 |
60.38 |
$ 9,018,914 |
61.81 |
|
Long-Term Liabilities |
$ - |
0.00 |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 9,533,738 |
60.38 |
$ 9,018,914 |
61.81 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 6,256,374 |
39.62 |
$ 5,572,176 |
38.19 |
|
TOTAL LIABILITIES + NET EQUITY |
$
15,790,112 |
100.00 |
$
14,591,090 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
Net Sales |
$
38,137,405 |
100.00 |
$
32,479,714 |
100.00 |
|
Costs |
$
33,091,407 |
86.77 |
$
29,073,028 |
89.51 |
|
Gross Profit |
$ 5,045,998 |
13.23 |
$ 3,406,686 |
10.49 |
|
Operating expenses |
$
(3,541,284) |
-9.29 |
$
(3,122,704) |
-9.61 |
|
operational Result |
$ 1,012,162 |
2.65 |
$ 761,301 |
2.34 |
|
Net Profit (loss) |
$ 684,198 |
1.79 |
$ 504,225 |
1.55 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
Inventory |
$ 5,175,231 |
|
$ 5,231,340 |
|
|
Accounts receivable |
$ 8,119,184 |
|
$ 6,521,470 |
|
|
Accounts Payable |
$ 7,871,945 |
|
$ 5,710,904 |
|
|
Property, plant and equipment |
$ 946,637 |
|
$ 854,224 |
|
|
Purchases |
$ 955,704 |
|
$ 862,031 |
|
|
Financial Expenses |
$ (492,552) |
|
$ 477,319 |
|
|
Foreign Currency Assets |
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
Working Capital |
$ 5,288,606 |
|
$ 4,698,081 |
|
|
RATIOS: |
|
|
|
|
|
QUICK RATIO |
1.01 |
|
0.94 |
|
|
CURRENT RATIO |
1.55 |
|
1.52 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4.70 |
times |
4.98 |
times |
|
DAYS' SALES IN RECEIVABLES |
76.64 |
days |
72.28 |
days |
|
INVENTORY TURNOVER |
6.39 |
times |
5.56 |
times |
|
85.64 |
days |
70.72 |
days |
|
|
RETURN ON ASSETS |
2.42 |
times |
2.23 |
times |
|
SALES TURNOVER ON NET EQUIY |
6.10 |
times |
5.83 |
times |
|
NET WORTH TIE-UP |
0.15 |
|
0.15 |
|
|
ENDEBTEDNESS |
1.52 |
|
1.62 |
|
|
EQUITY RATIO |
39.62 |
% |
38.19 |
% |
|
WORKING CAPITAL RATIO |
55.47 |
% |
52.09 |
% |
|
GENERAL SOLVENCY |
1.66 |
|
1.62 |
|
|
RETURN ON NET EQUITY |
10.94 |
% |
9.05 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
1.79 |
% |
1.55 |
% |
|
GROSS PROFIT MARGIN |
13.23 |
% |
10.49 |
% |
|
OPERATIONAL RESULT |
2.65 |
% |
2.34 |
% |
|
SALES TURNOVER ON LIABILITIES |
4.00 |
times |
3.60 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.10 |
|
UK Pound |
1 |
Rs.81.30 |
|
Euro |
1 |
Rs.70.07 |
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.