|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
L2G INDUSTRIAL LTDA |
|
|
|
|
Registered Office : |
Estrada União Industria, Nº 128, Km 130, Galpão 01 Centro 25870-000
- Comendador Levy Gasparian/Rj |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
06.06.2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Chemicals for The Textile Industry |
|
|
|
|
No. of Employees : |
110 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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% in 2011, and 1.3% in 2012. Unemployment is at historic
lows and Brazil's traditionally high level of income inequality has declined
for each of the last 14 years. Brazil's historically high interest rates have
made 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 exchange 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. In an effort to boost growth, in
2012 the administration implemented a somewhat more expansionary monetary
policy that has failed to stimulate much growth.
|
Source
: CIA |
L2G INDUSTRIAL
LTDA
|
MAIN ADDRESS: |
ESTRADA UNIÃO INDUSTRIA, Nº |
|
ZIP CODE/CITY: |
25870-000 - COMENDADOR LEVY
GASPARIAN/RJ |
|
|
|
|
PHONE: |
24 2254-1200 / 24 9257-0392 |
|
FAX: |
24 2254-1202 |
|
E-MAIL: |
comercio.exterior@hi-techquimica.com.br |
|
WEB SITE: |
www.hi-techquimica.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA AMAZONAS,92 - BAIRRO UNIVERSITÁRIO |
|
ZIP CODE/CITY: |
55016-430 CARUARU/PE |
|
PHONE: |
81 3721-8447 |
|
CNPJ: |
03.883.438/0004-04 |
|
STATE REGISTER: |
0400154-04 |
|
|
|
|
ADDRESS: |
ESTRADA UNIÃO INDUSTRIA, Nº 70, KM 130 - CENTRO |
|
ZIP CODE/CITY: |
25870-000 COMENDADOR LEVY GASPARIAN/RJ |
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS FOR THE TEXTILE INDUSTRY. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
06/06/2000 |
|
REGISTER DATE: |
06/06/2000 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
03.883.438/0001-53 |
|
STATE REGISTER: |
77.051.015 |
|
|
|
|
SHARE CAPITAL: |
R$ 17.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
RENATA FARIA PEREIRA CHEHAB |
MANAGING PARTNER |
|
ADRIANA FARIA RODRIGUES MONTEIRO |
MANAGING PARTNER |
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
RENATA FARIA PEREIRA CHEHAB |
R$ 16.660,00 |
|
ADRIANA FARIA RODRIGUES MONTEIRO |
R$ 340,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
NKG DESENVOLVIMENTO DE NEGÓCIOS LTDA |
|
|
SERRATUR AGÊNCIA DE VIAGENS E TURISMO LTDA |
|
|
LGF LEVY GESTÃO EM FINANÇAS LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON JUNE 02, 2000 AS WALNUT BOUTIQUE LTDA. TO
BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED
NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED
HEREIN. TRADE NAME: "HI TECH". PARTNERS: RENATA FARIA PEREIRA CHEHAB: BRAZILIAN, MARRIED, ENTREPRENEUR,
RESIDENTIAL ADDRESS AT RUA CORONEL VEIGA, 855/303, CENTRO, ZIP CODE
25655-151, PETRÓPOLIS/RJ, HOLDER OF DOCUMENTS RG 09408661-8 IFP/RJ AND CPF
032.551.397-08; ADRIANA FARIA RODRIGUES MONTEIRO: BRAZILIAN, MARRIED, ENTREPRENEUR, RESIDENTIAL
ADDRESS AT RUA MARECHAL HERMES DA FONSECA, 777, BAIRRO QUARTEIRÃO INGELHEIM,
ZIP CODE 25675-281, PETRÓPOLIS/RJ, HOLDER OF DOCUMENTS RG 08512181-2 IFP/RJ
AND CPF 019.589.627-08. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE
SHEETS AS OF 31/03/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN
REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
711.508,50 |
1.236.769,01 |
742.557,28 |
|
CLIENTS |
4.231.864,09 |
4.809.657,51 |
4.202.368,54 |
|
INVENTORY |
1.895.527,00 |
1.740.575,00 |
1.825.043,40 |
|
DOUBTFUL DEBTORS |
-126.955,92 |
-144.289,73 |
-126.071,06 |
|
OTHER CREDITS |
769.262,78 |
435.552,51 |
92.520,17 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7.481.206,45 |
8.078.264,30 |
6.736.418,33 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
10.366.054,29 |
10.170.281,74 |
6.070.308,18 |
|
DEPRECIATIONS |
-1.036.605,43 |
-1.017.028,17 |
-607.030,82 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
9.329.448,86 |
9.153.253,57 |
5.463.277,36 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
16.810.655,31 |
17.231.517,87 |
12.199.695,69 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
637.228,28 |
613.599,71 |
627.645,84 |
|
OBLIGATIONS/THIRD PARTIES |
454.754,20 |
496.184,41 |
538.852,62 |
|
LOANS AND FINANCING |
1.899.160,21 |
1.978.058,61 |
789.335,31 |
|
TRIBUTARY OBLIGATIONS |
606.533,44 |
1.808.212,93 |
1.692.493,96 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.597.676,13 |
4.896.055,66 |
3.648.327,73 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
FINANCING |
2.761.121,49 |
2.665.901,39 |
1.905.515,49 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2.761.121,49 |
2.665.901,39 |
1.905.515,49 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
17.000,00 |
17.000,00 |
17.000,00 |
|
ACCRUED PROFIT (LOSS) |
10.434.857,69 |
9.652.560,82 |
6.628.852,48 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
10.451.857,69 |
9.669.560,82 |
6.645.852,48 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
16.810.655,31 |
17.231.517,87 |
12.199.695,70 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/03/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN
REAIS ). |
|
|
31/03/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
NET SALES |
5.998.954,64 |
24.789.994,17 |
21.845.990,93 |
|
(-) COST OF SOLD GOODS |
2.684.260,41 |
11.455.689,19 |
9.989.910,19 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
3.314.694,23 |
13.334.304,98 |
11.856.080,74 |
|
OPERATING REVENUE (EXPENSE) |
-2.035.471,62 |
-8.322.661,66 |
-7.287.032,10 |
|
FINANCIAL REVENUE(EXPENSE) |
-103.015,25 |
-466.630,68 |
-261.721,22 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.176.207,36 |
4.545.012,64 |
4.307.327,42 |
|
CONTRIBUTION/INCOME TAX |
-393.910,50 |
-1.521.304,30 |
-1.440.491,32 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
782.296,86 |
3.023.708,34 |
2.866.836,10 |
|
MONTHLY SALES |
|||
|
|
2013 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 2.228.329,00 |
|
|
|
FEBRUARY |
R$ 2.053.670,00 |
|
|
|
MARCH |
R$ 2.219.967,00 |
|
|
|
APRIL |
R$ 2.539.656,00 |
|
|
|
MAY |
R$ 2.589.982,00 |
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 11.631.604,00 |
|
|
|
RATIOS: |
31/03/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
1,55 |
|
1,29 |
|
1,35 |
|
|
CURRENT RATIO |
2,08 |
|
1,65 |
|
1,85 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,42 |
TIMES |
5,15 |
TIMES |
5,20 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
63,49 |
DAYS |
69,85 |
DAYS |
69,25 |
DAYS |
|
INVENTORY TURNOVER |
1,42 |
TIMES |
6,58 |
TIMES |
5,47 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
21,37 |
DAYS |
19,28 |
DAYS |
22,62 |
DAYS |
|
RETURN ON ASSETS |
,36 |
TIMES |
1,44 |
TIMES |
1,79 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,57 |
TIMES |
2,56 |
TIMES |
3,29 |
TIMES |
|
NET WORTH TIE-UP |
,99 |
|
1,05 |
|
,91 |
|
|
INDEBTEDNESS |
,61 |
|
,78 |
|
,84 |
|
|
EQUITY RATIO |
62,17 |
% |
56,12 |
% |
54,48 |
% |
|
WORKING CAPITAL RATIO |
107,95 |
% |
65,00 |
% |
84,64 |
% |
|
GENERAL SOLVENCY |
2,64 |
|
2,28 |
|
2,20 |
|
|
RETURN ON NET EQUITY |
7,48 |
% |
31,27 |
% |
43,14 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
13,04 |
% |
12,20 |
% |
13,12 |
% |
|
GROSS PROFIT MARGIN |
55,25 |
% |
53,79 |
% |
54,27 |
% |
|
OPERATIONAL RESULT |
19,61 |
% |
18,33 |
% |
19,72 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,67 |
TIMES |
5,06 |
TIMES |
5,99 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,25 |
- OFFICIAL RATE ON 24/06/2013 |
|
US$ 1,00 = R$ 1,82 |
- OFFICIAL RATE ON 31/03/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES FOR 2012 SHOW A NORMAL FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS WAS CONSIDERED ACCEPTABLE AND BUT IT HAD GOOD LIQUIDITY
RATIOS AND POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT
TERM DEBTS. IT ALSO SHOWED GROWING SALES AND POSTED PROFIT. THE INTERIM FIGURES FOR MARCH 2013 SHOW THAT THE LEVEL OF INDEBTEDNESS
DECREASED AND THE LIQUIDITY WAS ALSO IMPROVED. FURTHER, IT SHOWS DOWNWARD
SALES TREND BUT POSITIVE RESULT WAS MADE. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
2995-5 / 32 3231-0505 |
|
|
BANCO BRADESCO S/A |
3505-0 / 32 3237-1757 |
|
|
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"). |
|
MANUFACTURE OF CHEMICALS FOR THE TEXTILE INDUSTRY SUCH AS BLEACHES,
CLOTH SOFTENER, SOAPS AND RELATED. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, UNITED STATES, INDIA AND TURKEY. VALUE (ANNUALLY) US$
700.000,00. |
EXPORTS TO:
|
PORTUGAL, COLOMBIA, PERU, HONDURAS, GUATEMALA AND COSTA RICA. VALUE
(ANNUALLY) US$ 300.000,00. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 110 EMPLOYEE(S) |
|
THE SUBJECT WAS ESTABLISHED IN 2000. SO FAR IT HAS A CLEAR TRADE
HISTORY BUT SLOW PAYMENT BEHAVIOR. NEVERTHELESS, AS NO DETRIMENTAL FILES ARE REGISTERED, IT MAY BE NOTED
THAT THE SUBJECT MEETS ITS TRADE AND FINANCIAL COMMITMENTS PROPERLY. 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: |
|
DYSTAR IND. COM. DE PRODUTOS QUIMICOS |
|
11 4689-0572 |
|
RUDNICK COMERCIO DE PRODUTOS QUIMICOS LTDA |
|
11 4617-8400 |
|
WORLD MINERALS DO BRASIL |
|
19 3888-2100 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AGROSAN |
TURKEY |
|
|
ROHAN DYES |
INDIA |
|
|
ULTERION INTERNATIONAL LLC |
UNITED STATES |
|
|
PAYMENT HISTORY: |
|
5 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 207.059,00 |
|
|
|
AMOUNT OF INVOICES PAID: 31 |
|
TOTAL OF PROMPT PAYMENTS: 4,9% |
|
TOTAL OF DELAYED PAYMENTS: 95,1% |
|
|
|
HIGHEST INVOICE: R$ 197.000,00 |
|
HIGHEST CREDIT: R$ 197.000,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 250,14 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 2000. UP TO
DATE IT HAS A NORMAL FINANCIAL STANDING, A CLEAR TRADE HISTORY NO ADVERSE
INFORMATION IS NOTED. 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.59.85 |
|
|
1 |
Rs.92.30 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.