MIRA INFORM REPORT

 

Report Date :

10.08.2012

 

IDENTIFICATION DETAILS

 

Name :

PREMIATA TINTAS E VERNIZES GRÁFICOS LTDA

 

 

Registered Office :

Rua Ado Benatti, 20 - Vila Chalot, 05037-010 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

28.02.2000

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture Of Graphical Inks.

 

 

No. of Employees :

Not Available

 

 

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 :

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

PREMIATA TINTAS E VERNIZES GRÁFICOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ADO BENATTI, 20 - VILA CHALOT

ZIP CODE/CITY:

05037-010 - SÃO PAULO/SP

 

 

PHONE:

11 3611-1140

FAX:

11 3611-1146

E-MAIL:

financeiro@premiata.com.br

WEB SITE:

www.premiata.com.br

 

INQUIRY DETAILS:

 

 

GIVEN WEBSITE:

www.premiatatintas.com.br

CORRECT WEBSITE:

THE CURRENT E-MAIL ADDRESS IS STATED ABOVE

 

 

 

BRANCHES:

 

 

 

ADDRESS:

RUA ENGENHEIRO PITA BRITO,138 JARDIM PROMISSAO

ZIP CODE/CITY:

04753-080 SAO PAULO/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF GRAPHICAL INKS

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

28/02/2000

REGISTER DATE:

28/02/2000

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

03.687.143/0001-01

STATE REGISTER:

115.492.759.110

 

 

SHARE CAPITAL:

R$ 150.000,00

LAST REGISTER OF CAPITAL:

14/10/2002

                                                     

BOARD OF DIRECTORS:

 

 

 

CLÁUDIO ALMEIDA RODRIGUES

INDUSTRIAL DIRECTOR

SANDRO GARBIM

TECHNICAL DIRECTOR

FRANCISCO SILVINO DIEGUES

ADM./FINANCIAL DIRECTOR

EDSON ZANETTI SKRZECZKOWSKI

COMMERCIAL DIRECTOR

JOSÉ ANTONIO AZEVEDO AFONSO

COMMERCIAL DIRECTOR

CARLOS ALBERTO QUINTAS SERRADURA

COMMERCIAL DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

CLÁUDIO ALMEIDA RODRIGUES

R$ 25.000,00

SANDRO GARBIM

R$ 25.000,00

FRANCISCO SILVINO DIEGUES

R$ 25.000,00

EDSON ZANETTI SKZECZKOWSKI

R$ 25.000,00

JOSÉ ANTÔNIO AZEVEDO AFONSO

R$ 25.000,00

CARLOS ALBERTO QUINTAS SERRADURA

R$ 25.000,00

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 PREMIATA INDUSTRIAL DE TINTAS LTDA

 

 PREPAR PARTICIPACOES LTDA

 

 PREMIATA ESPECIALIDADES QUIMICAS LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON FEBRUARY 28, 2000 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: PREMIATA.

 

PARTNERS:

 

CLÁUDIO ALMEIDA RODRIGUES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 106.883.418-88, RG 20.496.765 SP, RESIDENTIAL ADDRESS AT RUA BALTAZAR DA SILVEIRA, 172, APTO. 31, VILA PEREIRA CERCA, CEP 02931-040, SÃO PAULO/SP;

 

SANDRO GARBIM: BRAZILIAN, HOLDER OF DOCUMENTS CPF 136.853.008-73, RG 18.192.317 SP, RESIDENTIAL ADDRESS AT RUA PROFESSOR ANTONIO DE PAULA DOS SANTOS, 92, CHÁCARA INGLESA, CEP 05140-120, SÃO PAULO/SP;

 

FRANCISCO SILVINO DIEGUES: BRAZILIAN, HOLDER OF DOCUMENTS CPF 042.919.057-34, RG 018795567, RESIDENTIAL ADDRESS AT ALAMEDA DOS ARAPANES, 631, APTO. 142, MOEMA, CEP 04524-001, SÃO PAULO/SP;

 

EDSON ZANETTI SKZECZKOWSKI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 087.494.378-79, RG 171948634 SP, RESIDENTIAL ADDRESS AT ALAMEDA DOS MOGNOS, 165, CONDOMINIO ALPES DE VINHEDO, CEP 13280-000, VINHEDO/SP;

 

JOSÉ ANTÔNIO AZEVEDO AFONSO: BRAZILIAN, HOLDER OF DOCUMENTS CPF 056.481.028-28, RG 13263420 SP, RESIDENTIAL ADDRESS AT AVENIDA WASHINGTON LUÍS, 1277, BL. A, APTO. 52, CAMPO GRANDE, CEP 04662-002, SÃO PAULO/SP;

 

CARLOS ALBERTO QUINTAS SERRADURA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 013.078.368-44, RG 9396216 SP, RESIDENTIAL ADDRESS AT RUA LUIZ ARNONI, 262, VILA IRMÃOS ARNONI, CEP 02375-110, SÃO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

TO ITS LEGAL FORM SUBJECT IS NOT OBLIGED TO PUBLISH BALANCE SHEET INFORMATION. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED NO BALANCE SHEET INFORMATION IS AVAILABLE.

 

THE SUBJECT FILES THE ACCOUNTS THROUGH AN ACCOUNTANCY PROCEEDING NAMED "LUCRO PRESUMIDO" (PRESUMED PROFIT) WHICH EXEMPTS IT OF BUILDING UP BALANCE SHEET OR ANY OTHER BOOKING PROCEEDINGS WHICH ARE USUAL FOR COMPANIES WHICH FILE ACCOUNTS THROUGH THE ACCOUNTANCY PROCEEDING NAMED "LUCRO REAL" (REAL PROFIT).

 

NEVERTHELESS, THEY HAVE DISCLOSED THE FOLLOWING FINANCIAL FIGURES:

 

GENERAL BALANCE SHEETS AS OF 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2011

31/12/2010

 

 

 

 

 

CASH AND CASH EQUIVALENTS

164.781,36

408.498,68

 

CLIENTS

13.585.149,07

3.452.105,45

 

BANKS

15.580,98

 

 

INVENTORY

3.103.021,40

3.170.689,29

 

GRANTED LOANS

6.232.480,32

 

 

ADVANCES

1.483.283,44

 

 

RECOVERABLE TAXES

 

2.028.017,31

 

 

----------------

----------------

 

TOTAL CURRENT ASSETS

24.584.296,57

9.059.310,73

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

3.655.682,09

2.558.480,30

 

 

----------------

----------------

 

TOTAL FIXED ASSETS

3.655.682,09

2.558.480,30

 

 

================

================

 

TOTAL ASSETS

28.239.978,66

11.617.791,03

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2011

31/12/2010

 

 

 

 

 

SUPPLIERS

4.886.357,57

510.899,03

 

LOANS AND FINANCING

7.243,53

133.333,36

 

TRIBUTARY OBLIGATIONS

552.684,86

664.233,86

 

LABOR OBLIGATIONS

150.073,19

116.982,29

 

SOCIAL OBLIGATIONS

 

123.684,06

 

PROFIT SHARING

 

340.000,00

 

OTHER

 

29.572,70

 

 

----------------

----------------

 

TOTAL CURRENT LIABILITIES

5.596.359,15

1.918.705,30

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

150.000,00

150.000,00

 

CAPITAL RESERVES

 

890.000,00

 

ADJUSTMENTS

11.355.571,53

 

 

ACCRUED PROFIT (LOSS)

8.659.085,73

3.859.126,94

 

PROFIT (LOSS) OF PERIOD

2.478.962,25

4.799.958,79

 

 

----------------

----------------

 

TOTAL NET EQUITY

22.643.619,51

9.699.085,73

 

 

================

================

 

TOTAL LIABILITIES

28.239.978,66

11.617.791,03

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

 

31/12/2011

31/12/2010

 

 

 

 

 

GROSS SALES

33.536.123,38

35.877.545,98

 

(-) TAXES ON SALES

6.317.621,78

6.722.118,67

 

 

----------------

----------------

 

NET SALES

27.218.501,60

29.155.427,31

 

(-) COST OF SOLD GOODS

15.091.255,52

12.412.335,11

 

 

----------------

----------------

 

GROSS PROFIT

12.127.246,08

16.743.092,20

 

OPERATING REVENUE (EXPENSE)

-8.484.711,12

-7.773.728,14

 

FINANCIAL REVENUE(EXPENSE)

-127.630,41

-81.525,52

 

 

----------------

----------------

 

OPERATIONAL PROFIT (LOSS)

3.514.904,55

8.887.838,54

 

CONTRIBUTION/INCOME TAX

-1.035.942,30

-1.087.879,75

 

PROFIT SHARING

 

-3.000.000,00

 

 

----------------

----------------

 

NET PROFIT (LOSS)

2.478.962,25

4.799.958,79

 

 

MONTHLY SALES

 

  2012

 

 

 

---------------------

 

 

JANUARY

R$ 2.477.581,73

 

 

FEBRUARY

R$ 2.433.974,81

 

 

MARCH

 

 

 

APRIL

 

 

 

MAY

 

 

 

JUNE

 

 

 

JULY

 

 

 

AUGUST

 

 

 

SEPTEMBER

 

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 4.911.556,54

 

 

 

RATIOS:

31/12/2011

31/12/2010

 

 

QUICK RATIO

3,84

 

3,07

 

 

 

CURRENT RATIO

4,39

 

4,72

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

2,00

TIMES

8,45

TIMES

 

 

DAYS' SALES IN RECEIVABLES

179,68

DAYS

42,63

DAYS

 

 

INVENTORY TURNOVER

4,86

TIMES

3,91

TIMES

 

 

ACCOUNTS PAYABLE PERIOD

116,56

DAYS

14,82

DAYS

 

 

RETURN ON ASSETS

,96

TIMES

2,51

TIMES

 

 

SALES TURNOVER ON NET EQUITY

1,20

TIMES

3,01

TIMES

 

 

NET WORTH TIE-UP

,16

 

,26

 

 

 

INDEBTEDNESS

,25

 

,20

 

 

 

EQUITY RATIO

80,18

%

83,48

%

 

 

WORKING CAPITAL RATIO

339,29

%

372,16

%

 

 

GENERAL SOLVENCY

5,05

 

6,06

 

 

 

RETURN ON NET EQUITY

10,95

%

49,49

%

 

 

RETURN ON SALES (PROFIT MARGIN)

9,11

%

16,46

%

 

 

GROSS PROFIT MARGIN

44,56

%

57,43

%

 

 

OPERATIONAL RESULT

12,91

%

30,48

%

 

 

SALES TURNOVER ON LIABILITIES

4,86

TIMES

15,20

TIMES

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,03

 - OFFICIAL RATE ON 03/08/2012

US$ 1,00 = R$ 1,87

 - OFFICIAL RATE ON 31/12/2011

US$ 1,00 = R$ 1,66

 - OFFICIAL RATE ON 31/12/2010

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT HAS HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. SALES DROPPED BUT SHOWS GOOD PROFIT.

 

ACCORDING TO THE RULES OF THE ACCOUNTANCY PROCEEDING FOLLOWED BY THE SUBJECT, IT COLLECTS THE TAXES, WHICH ARE DUE OVER THE GROSS SALES AMOUNT. THE TAXES SHOULD BE COLLECTED EITHER WITH PROFIT OR LOSS AT THE END OF THE FISCAL YEAR.

 

REGARDING THE RULES OF THE ABOVE SAID PROCEEDING IT MAY BE POSSIBLE TO STATE THAT COMPANIES WHICH FILE ACCOUNTS THROUGH THIS PROCEEDING ARE PROFITABLE COMPANIES. IT IS STATED BECAUSE THE MAIN DIFFERENCE OF THE PROCEEDING NAMED "LUCRO REAL" AND THE ONE NAMED "LUCRO PRESUMIDO" IS THAT IN THE FIRST THE COMPANY ONLY PAYS INCOME TAX WHEN IT HAS PROFIT AT THE END OF THE FISCAL YEAR, WHILE IN THE LAST THE COMPANY PAYS INCOME TAX REGARDLESS IT HAS PROFIT OR LOSS. THEREFORE, IF ANY COMPANY WHICH ADOPTS THE "PRESUMED PROFIT" PROCEEDING WAS NOT PROFITABLE IT WOULD BE A BETTER OPTION TO FILE ACCOUNTS THROUGH THE "LUCRO REAL" PROCEEDING BECAUSE IN THIS PROCEEDING TAXES ARE DUE ONLY WHEN PROFITABLE RESULTS ARE MET. IN CASE OF LOSSES NO INCOME TAX IS DUE.

 

REAL ESTATE:

 

NOT AVAILABLE

 

VEHICLES:

 

 NOT AVAILABLE

 

MACHINES:

 

  NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

-            11 3858-3444

SÃO PAULO/SP

BANCO ABN AMRO REAL S/A

-            11 6976-9966

SÃO PAULO/SP

BANCO ITAU S/A

6485   /     11 3003-8844

 

BANCO DO BRASIL S/A

3320-0   /   11 3871-8473

 

 

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

 

MANUFACTURE OF GRAPHICAL INKS.

 

MAIN PRODUCTS:

 

INKS, VARNISHES AND AUXILIARY PRODUCTS FOR GRAPHICAL INDUSTRY.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

CHINA, INDIA, ARGENTINA, UNITED STATES AND GERMANY.

 

   EXPORTS TO:

ARGENTINA, CHILE AND URUGUAY.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

BRASILATA EMBALAGENS METÁLICAS

 

51 3712-1722

CIA METALÚRGICA PRADA

 

11  5682-1100

GRÁFICA EDIT. AQUARELA S/A

 

11 4166-9500

INCOFLANDRES

 

24 2102-9500

LABORGRAF ARTES GRÁFICAS LTDA

 

11  38264711

MAKRO KOLOR GRAF. EDITORA LTDA

 

11  5683-8400

METALGRÁFICA CEARENSE S/A

 

85 3288-2250

METALGRÁFICA MOCOCA S/A

 

19 3656-9315

NOVELPRINT SIST. EMBALAGEM

 

11 3768-4111

PANCRON INDÚSTRIA GRÁFICA LTDA

 

11 6640-6800

 

STAFF:

 

THE COMPANY HAS: 72 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A RELATIVELY NEW-ESTABLISHED COMPANY, OPERATING SINCE 2000 ONLY. THE TRADE HISTORY SO FAR IS CLEAR AND THE COMPANY HAS A PROMPT PAYMENT RECORD.

 

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:

ART PINNUS RESINEIRA

 

15 3524-3034

BASF S/A

 

11 3043-2055

BRASCHEMICAL REPRESENTAÇÕES

 

11 5585-3671

CIBA ESPECIALIDADES QUÍMICAS

 

11 5532-7425

CLARIANT S/A

 

11 5683-7233

CYTEC ESPECIALIDADES QUÍMICAS

 

11 3048-8000

ESPECIALIDADES PARA SUPERFÍCES

 

11 3038-0800

IQ SOLUÇÕES & QUÍMICAS

 

11  2195-9000

PLÁSTICOS PASQUALI

 

 49 3224-3554

QUIMINUTRI COMÉRCIO DE ESPECIALIDADES QUÍMICAS

 

11 3578-9010

REICHHOLD DO BRASIL

 

11 4795-800

TRUE COLOR PIGMENTOS E CORANTES

 

11 2119-1299

 

FOREIGN SUPPLIERS:

COUNTRY:

 

AGI CORPORATION

TAIWAN

 

AKZO NOBEL

ARGENTINA

 

MICRO INKS

INDIA

 

 

PAYMENT HISTORY:

 

05 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 22.262,00

 

AMOUNT OF INVOICES PAID: 30

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 11.041,00

HIGHEST CREDIT: R$ 11.041,00

 

 

FINAL OPINION

 

THE SUBJECT IS A RELATIVELY NEW-ESTABLISHED COMPANY BUT HAS A CLEAR TRADE HISTORY AND A MODEST PAYMENT RECORD.

 

BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.17

UK Pound

1

Rs.86.42

Euro

1

Rs.68.26

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.