MIRA
INFORM REPORT
|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PREFORMAX INDUSTRIA PLASTICA SA. |
|
|
|
|
Registered Office : |
Rua L,,135 Distrito Industrial 78098-380 - Cuiabá/Mt |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
24.04.1997 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Plastic Products. |
|
|
|
|
No. of Employees : |
100 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
PREFORMAX INDUSTRIA PLASTICA S/A.
ADDRESSES
|
MAIN ADDRESS: |
RUA L,,135 DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
78098-380 - CUIABÁ/MT |
|
|
|
|
PHONE: |
65 3611-3030 |
|
FAX: |
65 3611-3034 |
|
E-MAIL: |
maxvinil@hotmail.com |
|
WEB SITE: |
www.preformax.com.br |
|
BRANCHES: |
|
NOT AVAILABLE. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PLASTIC PRODUCTS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
24/04/1997 |
|
REGISTER DATE: |
24/04/1997 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
01.837.197/0001-80 |
|
STATE REGISTER: |
13192165-7 |
|
|
|
|
SHARE CAPITAL: |
R$ 6.310.000,00 |
|
LAST REGISTER OF CAPITAL: |
14/02/2001 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOAQUIM AUGUSTO CURVO |
PRESIDENT DIRECTOR |
|
DOMINGOS KENNEDY GARCIA SALES |
ADM./FINANCIAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
MAXPET INDÚSTRIA PLÁSTICA E ENERGIA LTDA |
98,00% |
|
JOAQUIM AUGUSTO CURVO |
1,00% |
|
DOMINGOS KENNEDY G. SALES |
1,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
MAXPAR PARTICIPAÇÕES E NEGOCIOS LTDA |
|
|
MAXVINIL - TINTAS E VERNIZES S/A |
|
|
MAXPET - NORDESTE INDUSTRIA PLASTICA LTDA |
|
|
RECICLAMAX - RECICLAGEM DE PLASTICOS LTDA |
|
|
MAXENERGIA - GERAÇÃO E COMERCIO DE ENERGIA LTDA |
|
|
KLT - PARTICIPAÇÕES E NEGOCIOS LTDA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON APRIL 24, 1997 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: "PREFORMAX INDUSTRIA PLASTICA" FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
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 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
984.569,06 |
2.132.919,30 |
622.535,45 |
|
INVESTMENTS |
4.629.741,89 |
5.190.329,45 |
480.931,55 |
|
CLIENTS |
10.061.175,25 |
9.556.325,41 |
9.577.439,23 |
|
INVENTORY |
4.772.223,97 |
3.594.664,25 |
2.397.260,40 |
|
RECOVERABLE TAXES |
3.683.259,80 |
4.283.267,52 |
6.510.594,41 |
|
PRE PAID EXPENSES |
9.165,83 |
61.541,23 |
973,50 |
|
OTHER CREDITS |
2.276.658,55 |
675.123,14 |
542.546,81 |
|
NOTES RECEIVABLE |
21.710,51 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
26.438.504,86 |
25.494.170,30 |
20.132.281,35 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
GRANTED LOANS |
20.103.372,85 |
14.913.256,39 |
16.397.835,85 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
20.103.372,85 |
14.913.256,39 |
16.397.835,85 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.128.997,98 |
|
|
|
FIXED ASSETS |
10.031.178,42 |
11.508.486,58 |
14.919.905,51 |
|
DEFERRED |
|
|
3.260.895,11 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
11.160.176,40 |
11.508.486,58 |
18.180.800,62 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
57.702.054,11 |
51.915.913,27 |
54.710.917,82 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
13.405.711,37 |
10.534.477,21 |
6.884.069,78 |
|
LOANS AND FINANCING |
13.590.329,33 |
693.411,61 |
1.423.593,70 |
|
SOCIAL OBLIGATIONS |
582.444,00 |
511.710,47 |
156.609,10 |
|
TAX LIABILITIES |
268.830,59 |
783.569,84 |
4.600.958,90 |
|
PROFIT SHARING |
|
7.589.649,29 |
1.831.301,88 |
|
ADVANCE FROM CLIENTS |
4.471,10 |
|
|
|
OTHER |
1.115.179,49 |
1.094.612,88 |
643.285,51 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
28.966.965,88 |
21.207.431,30 |
15.539.818,87 |
|
LONG TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
|
DEBENTURES |
5.676.940,00 |
5.676.940,00 |
5.676.940,00 |
|
INTERESTS PAYABLE |
1.300.167,64 |
5.435.534,65 |
4.698.221,02 |
|
LOANS AND FINANCING |
12.760.391,10 |
6.636.777,07 |
9.872.201,34 |
|
INSTALLMENTS TAXES PAYABLE |
|
997.684,54 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
19.737.498,74 |
18.746.936,26 |
20.247.362,36 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
6.310.000,00 |
6.310.000,00 |
6.310.000,00 |
|
CAPITAL RESERVES |
5.079.961,08 |
5.079.961,08 |
4.668.784,29 |
|
PROFIT RESERVES |
571.584,63 |
571.584,63 |
5.514.980,72 |
|
ACCRUED PROFIT (LOSS) |
-644.198,25 |
|
2.429.971,58 |
|
PRIOR YEARS ADJUSTMENTS |
4.146.646,32 |
|
|
|
PROFIT (LOSS) OF PERIOD |
-6.466.404,39 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
8.997.589,39 |
11.961.545,71 |
18.923.736,59 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
57.702.054,01 |
51.915.913,27 |
54.710.917,82 |
|
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 |
94.193.184,27 |
85.262.651,44 |
88.248.906,10 |
|
(-) TAXES ON SALES |
5.128.631,55 |
3.970.974,63 |
5.266.967,82 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
89.064.552,72 |
81.291.676,81 |
82.981.938,28 |
|
(-) COST OF SOLD GOODS |
69.662.480,52 |
57.863.310,14 |
59.965.539,35 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
19.402.072,20 |
23.428.366,67 |
23.016.398,93 |
|
OPERATING REVENUE (EXPENSE) |
-22.694.224,99 |
-17.902.597,02 |
-11.633.906,29 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.174.251,60 |
-3.820.030,26 |
-1.932.968,50 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-6.466.404,39 |
1.705.739,39 |
9.449.524,14 |
|
CONTRIBUTION/INCOME TAX |
|
-567.972,30 |
-3.189.147,56 |
|
PROFIT SHARING |
|
-5.688,84 |
-31.301,88 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-6.466.404,39 |
1.132.078,25 |
6.229.074,70 |
|
MONTHLY SALES |
|||
|
|
2010 |
2009 |
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 6.690.285,96 |
R$ 6.554.259,84 |
|
|
FEBRUARY |
R$ 5.107.780,91 |
R$ 7.190.485,28 |
|
|
MARCH |
R$ 7.219.788,26 |
R$ 8.473.732,93 |
|
|
APRIL |
R$ 7.416.168,67 |
R$ 8.303.925,81 |
|
|
MAY |
R$ 5.308.282,86 |
R$ 7.211.546,21 |
|
|
JUNE |
|
R$ 7.123.714,10 |
|
|
JULY |
|
R$ 5.003.627,94 |
|
|
AUGUST |
|
R$ 8.327.920,60 |
|
|
SEPTEMBER |
|
R$ 8.750.129,38 |
|
|
OCTOBER |
|
R$ 6.860.146,93 |
|
|
NOVEMBER |
|
R$ 7.253.838,21 |
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 31.742.306,66 |
R$ 81.053.327,23 |
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,75 |
|
1,03 |
|
1,14 |
|
|
CURRENT RATIO |
,91 |
|
1,20 |
|
1,30 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,85 |
TIMES |
8,51 |
TIMES |
8,66 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
40,67 |
DAYS |
42,32 |
DAYS |
41,55 |
DAYS |
|
INVENTORY TURNOVER |
14,60 |
TIMES |
16,10 |
TIMES |
25,01 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
69,28 |
DAYS |
65,54 |
DAYS |
41,33 |
DAYS |
|
RETURN ON ASSETS |
1,54 |
TIMES |
1,57 |
TIMES |
1,52 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
9,90 |
TIMES |
6,80 |
TIMES |
4,39 |
TIMES |
|
NET WORTH TIE-UP |
1,11 |
|
,96 |
|
,79 |
|
|
INDEBTEDNESS |
5,41 |
|
3,34 |
|
1,89 |
|
|
EQUITY RATIO |
15,59 |
% |
23,04 |
% |
34,59 |
% |
|
WORKING CAPITAL RATIO |
-8,73 |
% |
20,21 |
% |
29,55 |
% |
|
GENERAL SOLVENCY |
1,18 |
|
1,30 |
|
1,53 |
|
|
RETURN ON NET EQUITY |
-71,87 |
% |
9,46 |
% |
32,92 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-7,26 |
% |
1,39 |
% |
7,51 |
% |
|
GROSS PROFIT MARGIN |
21,78 |
% |
28,82 |
% |
27,74 |
% |
|
OPERATIONAL RESULT |
-7,26 |
% |
2,10 |
% |
11,39 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,07 |
TIMES |
3,83 |
TIMES |
5,34 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 04/02/2013 |
|
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 FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A DELICATE FINANCIAL STANDING. IT HAS LOW
LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. IT ALSO SHOWS RECOVERY IN SALES BUT
THE HIGH OPERATING EXPENSES DROVE THE COMPANY TO MAKE LOSS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
5.709.911,18
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
4.237.336,05
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 27.199.796,31
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
AG: 1461 / 65 3363-9250 |
|
|
BANCO RURAL S/A |
AG: 0016 / 65 2121-9612 |
|
|
BANCO ITAU S/A |
AG: 0288 / 65 3616-3202 |
|
|
BANCO SANTANDER S/A |
AG: 4462 / 65 3615-0800 |
|
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 PLASTIC PRODUCTS. PRODUCTS: BOTTLES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
BOLIVIA, CHINA AND ARGENTINA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
EMBALI INDUSTRIA PLÁSTICA LTDA |
|
27 3336-3832 |
|
HUGO CINI S/A |
|
41 3033-1222 |
|
INDUSTRIA PLÁSTICA E COM. CHEMIM LTDA |
|
42 3228-1555 |
|
REFRIGERANTE MARAJA LTDA |
|
65 3688-0500 |
|
REFRIGERANTES DO TRIANGULO LTDA |
|
34 3212-0744 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 100 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1997. SO FAR
IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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: |
|
CARTONAGEM SÃO JOSE |
|
67 3354-9599 |
|
CASTRILON |
|
65 3314-2200 |
|
COLOR MATRIX |
|
11 5502-9949 |
|
DECIO AUTO POSTO BEIRA RIO LTDA |
|
34 3284-9000 |
|
DISMAFE LTDA |
|
65 3616-6000 |
|
EASTMAN DO BRASIL LTDA |
|
11 4506-1001 |
|
HUSKI DO BRASIL SISTEMAS DE INJEÇÃO LTDA |
|
11 5689-7200 |
|
M E G POLIMEROS |
|
11 2111-1530 |
|
MG POLIMEROS DO BRASIL |
|
11 2111-1530 |
|
POSTO SANTA EDWIGES PETROLEO LTDA |
|
37 3421-3097 |
|
POSTO TREVO |
|
62 3632-1441 |
|
RIGESA CELULOSE |
|
11 3644-9990 |
|
SCHULZ |
|
47 3451-6054 |
|
SIMARELE |
|
65 3667-1003 |
|
UNIVAL |
|
11 6558-9000 |
|
PAYMENT HISTORY: |
|
3 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 12.517,00 |
|
|
|
AMOUNT OF INVOICES PAID: 22 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 4.353,00 |
|
HIGHEST CREDIT: R$ 4.353,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A DELICATE FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
NORMAL PAYMENT BEHAVIOUR. 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.53.08 |
|
|
1 |
Rs.83.12 |
|
Euro |
1 |
Rs.72.02 |
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 |
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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.