MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AUPICOR QUIMICA LTDA |
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|
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Registered Office : |
Rua Massaranduba,57 - Centro 89107-000 - Pomedore/Sc |
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Country : |
Brazil |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
03.09.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade and Manufacture of Pigments For The Textile Industry. |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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) |
|
Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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
AUPICOR QUIMICA
LTDA
ADDRESSES
|
MAIN ADDRESS: |
RUA MASSARANDUBA,57 - CENTRO |
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ZIP CODE/CITY: |
89107-000 - POMEDORE/SC |
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PHONE: |
47 3387-0273 |
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FAX: |
47 3387-6868 |
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E-MAIL: |
pomerode@aupicor.com.br |
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WEB SITE: |
www.aupicor.com.br |
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BRANCHES: |
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|
|
|
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ADDRESS: |
RUA EMÍLIO WACHHOLZ,151 - TESTO REGA |
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ZIP CODE/CITY: |
89107-000 POMERODE/SC |
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CNPJ: |
10.314.860/0002-34 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
TRADE AND MANUFACTURE OF PIGMENTS FOR THE TEXTILE INDUSTRY. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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|
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INCORPORATION DATE: |
03/09/2008 |
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REGISTER DATE: |
03/09/2008 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.314.860/0001-53 |
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STATE REGISTER: |
255.690.410 |
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|
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SHARE CAPITAL: |
R$ 400.000,00 |
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LAST REGISTER OF CAPITAL: |
02/02/2009 |
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BOARD OF
DIRECTORS: |
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|
|
|
|
GUNTHER PASOLD |
MANAGING PARTNER |
|
SONIA BLANK STRUTZ |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
|
THE MANAGING PARTNER ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
|
|
GUNTHER PASOLD |
90% |
|
CHARLES ALEXANDRE PASOLD |
2% |
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SONIA BLANK STRUTZ |
8% |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
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NO SHARE INTERESTS IN OTHER COMPANIES WERE NOTED |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 3, 2008 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. THE PARTNERS: GUNTHER PASOLD, BRAZILIAN, MARRIED, TRADER, HOLDER OF DOCUMENTS, CPF
352.327.309-91 AND RG 411.945-2 SSP/SC, RESIDENTIAL ADDRESS AT RUA ROBERTO
ZIEMANN, 5800, TRÊS RIOS DO NORTE - JARAGUÁ DO SUL/SC; CHARLES ALEXANDRE PASOLD, BRAZILIAN, SINGLE, TRADER, HOLDER OF
DOCUMENTS, CPF 034.711.059-21 AND RG 3.727.914-9 SSP/SC, RESIDENTIAL ADDRESS
AT RUA ROBERTO ZIEMANN, 5800, TRÊS RIOS DO NORTE - JARAGUÁ DO SUL/SC. SONIA BLANK STRUTZ, BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER OF
DOCUMENTS, CPF 781.332.119-72 AND RG 2.797.622-0 SSP/SC, RESIDENTIAL ADDRESS
AT RUA ERNESTO BLANK, 115, TESTO ALTO - POMERODE/SC. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/09/2012 AND 31/12/2010. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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|
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CURRENT: |
30/09/2012 |
31/12/2010 |
|
|
|
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|
|
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CASH |
245,28 |
1.330,60 |
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BANKS |
23.059,54 |
37.075,03 |
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INVESTMENTS |
28.571,16 |
2.009,91 |
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CLIENTS |
932.813,24 |
647.259,12 |
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INVENTORY |
2.584.308,65 |
1.986.909,20 |
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ADVANCES |
110.179,56 |
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RECOVERABLE TAXES |
17.210,06 |
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PRE PAID EXPENSES |
23.444,33 |
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OTHER CREDITS |
|
27.769,36 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
3.719.831,82 |
2.702.353,22 |
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LONG-TERM
RECEIVABLES: |
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CREDITS |
4.808,13 |
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---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
4.808,13 |
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FIXED ASSETS: |
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FIXED ASSETS |
335.113,46 |
489.072,36 |
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---------------- |
---------------- |
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TOTAL FIXED ASSETS |
335.113,46 |
489.072,36 |
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================ |
================ |
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TOTAL ASSETS |
4.059.753,41 |
3.191.425,58 |
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LIABILITIES: |
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|
|
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CURRENT: |
30/09/2012 |
31/12/2010 |
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SUPPLIERS |
1.877.951,04 |
446.308,87 |
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LOANS AND FINANCING |
821.869,36 |
450.616,26 |
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ACCOUNTS PAYABLE |
7.222,25 |
3.094,00 |
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TRIBUTARY OBLIGATIONS |
141.018,13 |
76.147,86 |
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SOCIAL OBLIGATIONS |
22.820,12 |
4.766,39 |
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LABOR OBLIGATIONS |
52.358,53 |
6.736,20 |
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|
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
2.923.239,43 |
987.669,58 |
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NET EQUITY: |
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|
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|
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SHARE CAPITAL |
400.000,00 |
400.000,00 |
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ACCRUED PROFIT (LOSS) |
736.513,68 |
1.803.756,00 |
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---------------- |
---------------- |
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TOTAL NET EQUITY |
1.136.513,68 |
2.203.756,00 |
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|
|
================ |
================ |
|
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TOTAL LIABILITIES |
4.059.753,11 |
3.191.425,58 |
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|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2012 AND 31/12/2010. |
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( FIGURES ARE IN REAIS ). |
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|
30/09/2012 |
31/12/2010 |
|
|
|
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|
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GROSS SALES |
8.718.917,85 |
6.419.781,37 |
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(-) TAXES ON SALES |
1.796.171,63 |
863.591,68 |
|
|
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---------------- |
---------------- |
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NET SALES |
6.922.746,22 |
5.556.189,69 |
|
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(-) COST OF SOLD GOODS |
5.523.034,55 |
3.782.837,96 |
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|
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---------------- |
---------------- |
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GROSS PROFIT |
1.399.711,67 |
1.773.351,73 |
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OPERATING REVENUE (EXPENSE) |
-1.080.718,59 |
-633.695,20 |
|
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FINANCIAL REVENUE(EXPENSE) |
-296.643,06 |
-1.752,22 |
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---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
22.350,02 |
1.137.904,31 |
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---------------- |
---------------- |
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NET PROFIT (LOSS) |
22.350,02 |
1.137.904,31 |
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MONTHLY SALES |
|||
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2012 |
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--------------------- |
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JANUARY |
R$ 887.720,14 |
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FEBRUARY |
R$ 944.659,45 |
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MARCH |
R$ 1.021.137,14 |
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APRIL |
R$ 888.675,07 |
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MAY |
R$ 1.027.600,08 |
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JUNE |
R$ 805.609,06 |
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JULY |
R$ 1.025.494,70 |
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AUGUST |
R$ 1.125.686,64 |
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SEPTEMBER |
R$ 992.335,57 |
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OCTOBER |
R$ 1.211.488,64 |
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NOVEMBER |
R$ 1.344.275,71 |
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DECEMBER |
R$ 646.485,86 |
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|
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TOTAL |
R$ 11.921.168,06 |
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|
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RATIOS: |
30/09/2012 |
31/12/2010 |
|
|
QUICK RATIO |
,39 |
|
,72 |
|
|
|
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CURRENT RATIO |
1,27 |
|
2,74 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,42 |
TIMES |
8,58 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
36,38 |
DAYS |
41,94 |
DAYS |
|
|
|
INVENTORY TURNOVER |
2,14 |
TIMES |
1,90 |
TIMES |
|
|
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ACCOUNTS PAYABLE PERIOD |
91,81 |
DAYS |
42,47 |
DAYS |
|
|
|
RETURN ON ASSETS |
1,71 |
TIMES |
1,74 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
6,09 |
TIMES |
2,52 |
TIMES |
|
|
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NET WORTH TIE-UP |
,29 |
|
,22 |
|
|
|
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INDEBTEDNESS |
2,57 |
|
,45 |
|
|
|
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EQUITY RATIO |
27,99 |
% |
69,05 |
% |
|
|
|
WORKING CAPITAL RATIO |
27,25 |
% |
173,61 |
% |
|
|
|
GENERAL SOLVENCY |
1,39 |
|
3,23 |
|
|
|
|
RETURN ON NET EQUITY |
1,97 |
% |
51,63 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
,32 |
% |
20,48 |
% |
|
|
|
GROSS PROFIT MARGIN |
20,22 |
% |
31,92 |
% |
|
|
|
OPERATIONAL RESULT |
,32 |
% |
20,48 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
2,37 |
TIMES |
5,63 |
TIMES |
|
|
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FOREIGN CURRENCY ON ASSETS |
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|
|
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|
|
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FOREIGN CURRENCY ON LIABILITIES |
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|
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EXCHANGE RATE: |
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|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,96 |
- OFFICIAL RATE ON 13/02/2013 |
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 30/09/2012 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE INTERIM FIGURES FOR SEPTEMBER 2012 SHOW A SATISFACTORY FINANCIAL
STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED NORMAL CURRENT
RATIO AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS POSITIVE
RESULT. REMARK: THE COMPANY DID NOT SEND THE 2011 BALANCE SHEET. |
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REAL ESTATE: |
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DETAIL OF
RENTED/LEASED REAL ESTATE: |
|
|
|
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 3.070,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
40.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
SULAMERICA SEGUROS |
|
COVERAGE: |
INVENTORY / EQUIPMENTS |
|
VALUE: |
R$ 580.000,00 |
|
|
|
|
INSURANCE COMPANY: |
EXCELSIOR SEGUROS |
|
COVERAGE: |
INVENTORY / EQUIPMENTS |
|
VALUE: |
R$ 1.700.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
AG: 2474-0 / 47 3387-2421 |
|
|
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
TRADE AND MANUFACTURE OF PIGMENTS FOR THE TEXTILE INDUSTRY.
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA AND INDIA. TOTAL, US$ 1.200.000,00 (ANNUALLY). |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
PHONE: |
|
CIRCULO S/A |
|
47 3331-9500 |
|
KATEXTIL LTDA |
|
47 3387-8888 |
|
MALWEE MALHAS LTDA |
|
47 2107-7200 |
|
TIMAVO DO BRASIL S/A INDUSTRIA TEXTIL |
|
11 4487-6660 |
|
STAFF: |
|
THE COMPANY HAS: 17 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS ESTABLISHED IN 2008. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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: |
|
APARELHOS DE LABORATÓRIOS MATHIS LTDA |
|
11 3883-6750 |
|
LAMBERTI BRASIL PROD. QUIMICOS LTDA |
|
19 3466-9500 |
|
LINK COMERCIAL IMP. EXP. LTDA |
|
47 3242-8000 |
|
TRANSVILLE TRANSP. E SERVIÇOS LTDA |
|
47 3338-1722 |
|
PAYMENT HISTORY: |
|
3 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 7.130,00 |
|
|
|
AMOUNT OF INVOICES PAID: 6 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
TOTAL OF DELAYED PAYMENTS: 0 |
|
|
|
HIGHEST INVOICE: R$ 3.029,00 |
|
HIGHEST CREDIT: R$ 3.029,00 |
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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.