|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LABORATORIO IBASA LTDA |
|
|
|
|
Registered Office : |
Rua Almirante Tamandaré, 530 - Bairro Floresta, 90.220-030 - Porto
Alegre/Rs |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
20.07.1987 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture Of Veterinarian Products. |
|
|
|
|
No. of Employees : |
70 |
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 |
LABORATORIO
IBASA LTDA
|
MAIN ADDRESS: |
RUA ALMIRANTE TAMANDARÉ, 530 - BAIRRO FLORESTA |
|
ZIP CODE/CITY: |
90.220-030 - PORTO ALEGRE/RS |
|
|
|
|
PHONE: |
51 3395-5350 |
|
FAX: |
51 3395-5350 |
|
E-MAIL: |
rejane@ibasa.com.br |
|
WEB SITE: |
http://www.ibasa.com.br/ |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF VETERINARIAN PRODUCTS. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
20/07/1987 |
|
REGISTER DATE: |
06/08/1987 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
91.850.875/0001-38 |
|
STATE REGISTER: |
096/0955399 |
|
|
|
|
SHARE CAPITAL: |
R$ 150.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
RUI KRENZINGER |
GENERAL DIRECTOR |
|
LEYLA KRENZINGER |
FINANCIAL DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
IMPORTADORA BAGE S/A |
70% |
|
RUI KRENZINGER |
30% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE. |
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 20, 1987 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. PARTNERS: IMPORTADORA BAGÉ S/A: HEADQUARTERED AT RUA ALMIRANTE TAMANDARÉ, 566,
PORTO ALEGRE/RS, TAXPAYER'S REGISTRATION UNDER 92.785.047/0001-26, REGISTERED
AT THE STATE OF RIO GRANDE DO SUL NOTARY OFFICE UNDER 43.300.018.032; RUI KRENZINGER: BRAZILIAN, MARRIED, INDUSTRIAL, HOLDER OF DOCUMENTS
CPF 179.856.250.20 AND RG 4002608224 SSP/RS, RESIDENTIAL ADDRESS AT RUA BARÃO
DE UBÁ, 372, APTO 702, PORTO ALEGRE/RS. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
(RESEARCH DATE: 25/06/2012) |
|
GENERAL BALANCE SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
BANKS |
|
52.382,00 |
3.612,00 |
|
INVESTMENTS |
6.840,00 |
1.067,00 |
3.717,00 |
|
CLIENTS |
945,00 |
|
|
|
INVENTORY |
3.277.934,00 |
1.113.329,00 |
902.698,00 |
|
ADVANCES |
152.623,00 |
171.323,00 |
142.310,00 |
|
TAX CREDITS |
465.944,00 |
112.631,00 |
40.711,00 |
|
PRE PAID EXPENSES |
41.991,00 |
21.277,00 |
1.926,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
3.946.277,00 |
1.472.009,00 |
1.094.974,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDIT ASSOCIATES |
|
857.259,00 |
1.050.556,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
857.259,00 |
1.050.556,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
3.765.860,00 |
2.557.147,00 |
667.792,00 |
|
INTANGIBLE |
25.751,00 |
24.894,00 |
14.526,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
3.791.611,00 |
2.582.041,00 |
682.318,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
7.737.888,00 |
4.911.309,00 |
2.827.848,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
556.509,00 |
430.715,00 |
476.439,00 |
|
FINANCING |
1.697.522,00 |
277.043,00 |
11.175,00 |
|
SOCIAL / LABOR OBLIGATIONS |
278.258,00 |
220.451,00 |
128.007,00 |
|
TAX LIABILITIES |
|
|
84.271,00 |
|
TRIBUTARY OBLIGATIONS |
82.363,00 |
119.077,00 |
160.245,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
2.614.652,00 |
1.047.286,00 |
860.137,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
FINANCING |
1.525.953,00 |
1.629.235,00 |
|
|
RELATED COMPANIES |
1.253.405,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2.779.358,00 |
1.629.235,00 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
150.000,00 |
150.000,00 |
150.000,00 |
|
PROFIT RESERVES |
2.193.878,00 |
2.084.788,00 |
1.817.711,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.343.878,00 |
2.234.788,00 |
1.967.711,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
7.737.888,00 |
4.911.309,00 |
2.827.848,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
8.806.386,00 |
8.170.822,00 |
8.317.474,00 |
|
(-) TAXES ON SALES |
1.859.699,00 |
1.528.622,00 |
1.420.709,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
6.946.687,00 |
6.642.200,00 |
6.896.765,00 |
|
(-) COST OF SOLD GOODS |
2.792.192,00 |
3.409.184,00 |
4.174.833,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
4.154.495,00 |
3.233.016,00 |
2.721.932,00 |
|
OPERATING REVENUE (EXPENSE) |
-3.736.058,00 |
-2.786.622,00 |
-2.655.867,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-247.458,00 |
-67.681,00 |
11.351,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
170.979,00 |
378.713,00 |
77.416,00 |
|
CONTRIBUTION/INCOME TAX |
-41.035,00 |
-104.763,00 |
-18.580,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
129.944,00 |
273.950,00 |
58.836,00 |
|
MONTHLY SALES |
|||
|
|
2012 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 726.503,00 |
|
|
|
FEBRUARY |
R$ 882.295,00 |
|
|
|
MARCH |
R$ 727.368,00 |
|
|
|
APRIL |
R$ 774.181,00 |
|
|
|
MAY |
R$ 1.023.620,00 |
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 4.133.967,00 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,26 |
|
,34 |
|
,22 |
|
|
CURRENT RATIO |
1,51 |
|
1,41 |
|
1,27 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7.350,99 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
,05 |
DAYS |
|
|
|
|
|
INVENTORY TURNOVER |
,85 |
TIMES |
3,06 |
TIMES |
4,62 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
71,75 |
DAYS |
45,48 |
DAYS |
41,08 |
DAYS |
|
RETURN ON ASSETS |
,90 |
TIMES |
1,35 |
TIMES |
2,44 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,96 |
TIMES |
2,97 |
TIMES |
3,51 |
TIMES |
|
NET WORTH TIE-UP |
1,61 |
|
1,14 |
|
,34 |
|
|
INDEBTEDNESS |
2,30 |
|
1,20 |
|
,44 |
|
|
EQUITY RATIO |
30,29 |
% |
45,50 |
% |
69,58 |
% |
|
WORKING CAPITAL RATIO |
50,93 |
% |
40,55 |
% |
27,30 |
% |
|
GENERAL SOLVENCY |
1,43 |
|
1,84 |
|
3,29 |
|
|
RETURN ON NET EQUITY |
5,54 |
% |
12,26 |
% |
2,99 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,87 |
% |
4,12 |
% |
,85 |
% |
|
GROSS PROFIT MARGIN |
59,81 |
% |
48,67 |
% |
39,47 |
% |
|
OPERATIONAL RESULT |
2,46 |
% |
5,70 |
% |
1,12 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,66 |
TIMES |
6,34 |
TIMES |
8,02 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,07 |
- OFFICIAL RATE ON 25/06/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINACIAL RATIOS THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDENESS IS HIGH BUT IT HAS GOOD CURRENT RATIO AND POSITIVE
WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT ALSO
SHOWS RECOVERY IN SALES AND MADE PROFIT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
65.500,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 2.193.819,00
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRAIL S/A |
0367-0 / 51 33716733 |
PORTO ALEGRE/RS |
|
BANCO BANRISUL S/A |
0080 / 51 32086900 |
PORTO ALEGRE/RS |
|
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED: JUNE 25, 2012. |
|
MANUFACTURE OF CHEMICAL, PHARMACEUTICAL PRODUCTS, AND DEFENSIVES FOR
CATTLE. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA AND INDIA. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
BASSO X PANCOTE LTDA |
|
54 3323-1900 |
|
COMPANHIA ZAFFARI COM. |
|
51 3361-1707 |
|
IMPORTADORA BAGÉ S/A |
|
51 3222-4577 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 70 EMPLOYEE(S) |
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1987. SO
FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
BRAZILCOLOR IND. GRAF. LTDA. |
CAXIAS DO SUL / BRASIL/RS |
54 3225-1853 |
|
DILON TRAVARES CIA LTDA |
PORTO ALEGRE/RS |
15 217-1177 |
|
D´ ALTIMNARE QUÍMICA LTDA |
SÃO PAULO/SP |
11 5641-9322 |
|
E.P.A IND E COM PROD QUÍMICOS LTDA |
JUNDIAÍ/SP |
11 7392-4195 |
|
FINQUÍMICA IND E COM PROD QUÍMICO LTDA |
CRUZEIRO/SP |
12 544-2813 |
|
GALENA QUÍMICA E FARMACÊUTICA |
CAMPINAS/SP |
19 3746-7700 |
|
GRAFICA COMETA LTDA |
LAJEADO/RS |
51 3726-0755 |
|
PLMARES - ERVY COML IMPORTADORA LTDA |
SÃO PAULO/SP |
11 713-3888 |
|
QUIMISA S/A INDÚSTRIA E COMÉRCIO |
SAPUCAIA SUL/RS |
51 474-3828 |
|
VALDEQUIMICA PROD. QUÍMICOS LTDA |
SÃO PAULO/SP |
11 816-6407 |
|
PAYMENT HISTORY: |
|
09 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 301.684,00 |
|
|
|
AMOUNT OF INVOICES PAID: 70 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 166.950,00 |
|
HIGHEST CREDIT: R$ 166.950,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
22 |
R$ 39.327,72 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 2002. UP
TO DATE IT HAS A SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE HISTORY 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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.91 |
|
|
1 |
Rs.88.90 |
|
Euro |
1 |
Rs.56.91 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.