MIRA
INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUMASA PRODUTOS QUIMICOS LTDA |
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Registered Office : |
Av. Alvaro Guimaraes, 321 Sala 21 - Vaila Washington 09890-001 - Sao Bernardo Do Campo/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.05.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Chemical Products. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are somewhat higher. Despite slower growth in 2011, Brazil overtook the United Kingdom as the world's seventh largest economy in terms of GDP. Urban unemployment is at the historic low of 4.7% (December 2011), and Brazil's traditionally high level of income equality has declined for each of the last 12 years. Brazil's high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchanges markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.
Source
: CIA
Company name
LUMASA PRODUTOS
QUIMICOS LTDA
ADDRESSES
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MAIN ADDRESS: |
AV. ALVARO GUIMARAES, 321 SALA 21 - VAILA WASHINGTON |
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ZIP CODE/CITY: |
09890-001 - SAO BERNARDO DO CAMPO/SP |
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PHONE: |
11 3564-6603 |
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FAX: |
11 2897-2065 |
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E-MAIL: |
marcos@lumasaquimicos.com.br |
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WEB SITE: |
www.lumasaquimicos.com.br |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF CHEMICAL PRODUCTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
28/05/2008 |
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REGISTER DATE: |
29/05/2008 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.250.874/0001-50 |
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STATE REGISTER: |
635.578.732.114 |
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SHARE CAPITAL: |
R$ 120.000,00 |
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BOARD OF
DIRECTORS: |
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MARCOS LUIS CODINHOTO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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MARIO CORREA DE CARVALHO |
66,66% |
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MARCOS LUIS CODINHOTO |
33,34% |
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AFFILIATES /
SUBSIDIARIES: |
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A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
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CIC PRODUTOS QUIMICOS LTDA |
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MARIO CORREA DE CARVALHO ME |
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COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON MAY 28, 2008 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: MARIO CORREA DE CARVALHO: BRAZILIAN, DIVORCED, HOLDER OF DOCUMENTS CPF
920.866.918-15, RG 7.499.808 SSP/SP, RESIDENTIAL ADDRESS AT RUA DOS GUARAS
13, SAO BERNARDO DO CAMPO/SP. MARCOS LUIS CODINHOTO: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 090.733.518-71,
RG 19.103.202-5 SSP/SP, RESIDENTIAL ADDRESS AT RUA HEZIO NAKANO 21, CASA 60,
SAO BERNARDO DO CAMPO/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2012 AND 31/12/2011. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2012 |
31/12/2011 |
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CASH AND CASH EQUIVALENTS |
60.080,72 |
46.898,71 |
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CLIENTS |
235.860,45 |
142.280,77 |
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INVENTORY |
145.765,04 |
118.098,80 |
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RECOVERABLE TAXES |
108.928,69 |
69.221,91 |
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ADVANCES |
71.798,12 |
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PRE PAID EXPENSES |
|
43.352,18 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
622.433,02 |
419.852,37 |
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FIXED ASSETS: |
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FIXED ASSETS |
305.610,78 |
155.676,39 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
305.610,78 |
155.676,39 |
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================ |
================ |
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TOTAL ASSETS |
928.043,80 |
575.528,76 |
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LIABILITIES: |
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CURRENT: |
31/12/2012 |
31/12/2011 |
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LOANS AND FINANCING |
108.255,83 |
22.560,00 |
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SUPPLIERS |
221.768,75 |
131.108,04 |
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SALARIES PAYABLE |
1.275,00 |
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LABOR OBLIGATIONS |
1.589,50 |
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TRIBUTARY OBLIGATIONS |
38.857,37 |
12.531,88 |
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PROVISIONS |
3.020,81 |
91.843,21 |
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ACCOUNTS PAYABLE |
16.059,33 |
13.559,87 |
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CURRENT ACCOUNTS |
|
17.930,26 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
390.826,59 |
289.533,26 |
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LONG TERM
LIABILITIES: |
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LOANS AND FINANCING |
75.200,00 |
75.200,00 |
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---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
75.200,00 |
75.200,00 |
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NET EQUITY: |
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SHARE CAPITAL |
50.000,00 |
50.000,00 |
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PROFIT RESERVES |
-12.057,90 |
160.795,50 |
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ACCRUED PROFIT (LOSS) |
424.075,11 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
462.017,21 |
210.795,50 |
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================ |
================ |
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TOTAL LIABILITIES |
928.043,80 |
575.528,76 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012 AND 31/12/2011. |
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( FIGURES ARE IN REAIS ). |
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31/12/2012 |
31/12/2011 |
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GROSS SALES |
3.445.898,69 |
3.217.381,96 |
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(-) TAXES ON SALES |
951.949,63 |
1.086.738,27 |
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---------------- |
---------------- |
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NET SALES |
2.493.949,06 |
2.130.643,69 |
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(-) COST OF SOLD GOODS |
1.742.388,92 |
1.740.553,72 |
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---------------- |
---------------- |
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GROSS PROFIT |
751.560,14 |
390.089,97 |
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OPERATING REVENUE (EXPENSE) |
-419.501,27 |
-26.241,56 |
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FINANCIAL REVENUE(EXPENSE) |
96.526,90 |
-28.936,34 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
428.585,77 |
334.912,07 |
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CONTRIBUTION/INCOME TAX |
|
-90.098,52 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
428.585,77 |
244.813,55 |
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RATIOS: |
31/12/2012 |
31/12/2011 |
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QUICK RATIO |
1,22 |
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1,04 |
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CURRENT RATIO |
1,59 |
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1,45 |
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ACCOUNTS RECEIVABLE TURNOVER |
10,57 |
TIMES |
14,97 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
34,05 |
DAYS |
24,04 |
DAYS |
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INVENTORY TURNOVER |
11,95 |
TIMES |
14,74 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
45,82 |
DAYS |
27,12 |
DAYS |
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RETURN ON ASSETS |
2,69 |
TIMES |
3,70 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
5,40 |
TIMES |
10,11 |
TIMES |
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NET WORTH TIE-UP |
,66 |
|
,74 |
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INDEBTEDNESS |
1,01 |
|
1,73 |
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EQUITY RATIO |
49,78 |
% |
36,63 |
% |
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WORKING CAPITAL RATIO |
59,26 |
% |
45,01 |
% |
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GENERAL SOLVENCY |
1,99 |
|
1,58 |
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RETURN ON NET EQUITY |
92,76 |
% |
116,14 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
17,19 |
% |
11,49 |
% |
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GROSS PROFIT MARGIN |
30,14 |
% |
18,31 |
% |
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OPERATIONAL RESULT |
17,19 |
% |
15,72 |
% |
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SALES TURNOVER ON LIABILITIES |
6,38 |
TIMES |
7,36 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,00 |
- OFFICIAL RATE ON 05/04/2013 |
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US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
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US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS SLIGHTLY HIGH BUT IT HAS GOOD LIQUIDITY RATIOS AND POSITIVE
WORKING CAPITAL. IN ADDITION IT SHOWS GROWING SALES AND PROFITABILITY. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
66.000,00
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MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
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BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
11 4341-5339 |
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|
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"). |
ACTIVITIES COMMENTS
|
MANUFACTURE OF CHEMICAL PRODUCTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
CHILE AND ARGENTINA. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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|
ANCHORTEC |
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BASF |
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|
RENNER HERRMANN |
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RENNER SAYERLACK |
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ROCHESA S/A |
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FOREIGN CLIENTS: |
COUNTRY: |
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RESIKEN |
ARGENTINA |
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SIKA S/A |
CHILE |
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STAFF: |
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THE COMPANY HAS: 4 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 2008. SO FAR IT
HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT
AS A USER OF CREDIT FACILITIES. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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CTP - CHEMICALS AND TECHNOLOGIES FOR POLYMERS |
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JANA - JUBAIL CHEMICAL INDUSTRIES COMPANY |
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PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
FINAL OPINION
|
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.54.46 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.