MIRA INFORM REPORT
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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
L2G INDUSTRIAL LTDA |
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Formerly Known As : |
WALNUT BOUTIQUE LTDA |
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Registered Office : |
Estrada União Industria, Nº. 128, Km 130 Galpão 01 Centro, Zip Code 25870-000 - Comendador Levy Gasparian/Rj |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
02.06.2000 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturer of chemicals
for the Textile Industry such as Bleaches, Cloth Softener & Soaps bearing
the trade name “Hi –Tech”. |
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No of Employees : |
120 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, and a rapidly
expanding middle class, 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 in 2011-13. 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.
|
Source : CIA |
Company name
L2G INDUSTRIAL
LTDA
company ADDRESSES
|
MAIN ADDRESS: |
ESTRADA UNIÃO INDUSTRIA, Nº. 128, KM 130 GALPÃO 01 CENTRO |
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ZIP CODE/CITY: |
25870-000 - COMENDADOR LEVY
GASPARIAN/RJ |
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PHONE: |
24 2254-4400 |
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FAX: |
24 2254-4401 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA AMAZONAS, 92 - BAIRRO UNIVERSITÁRIO |
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ZIP CODE/CITY: |
55016-430 CARUARU/PE |
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PHONE: |
81 3721-8447 |
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CNPJ: |
03.883.438/0004-04 |
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STATE REGISTER: |
0400154-04 |
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ADDRESS: |
ESTRADA UNIÃO INDUSTRIA, Nº 70, KM 130 RETA - CENTRO |
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ZIP CODE/CITY: |
25870-000 COMENDADOR LEVY GASPARIAN/RJ |
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CNPJ: |
03.883.438/0005-87 |
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STATE REGISTER: |
79.928.658 |
LEGAL DATA
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MAIN ACTIVITIES: |
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Manufacturer of chemicals for the Textile
Industry such as Bleaches, Cloth Softener & Soaps bearing the trade name
“Hi –Tech”. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
02/06/2000 |
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REGISTER DATE: |
06/06/2000 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.883.438/0001-53 |
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STATE REGISTER: |
77.051.015 |
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SHARE CAPITAL: |
R$ 17.000,00 |
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BOARD OF
DIRECTORS: |
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PAULO ROBERTO JÓRIO PEREIRA |
MANAGING PARTNER |
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RENATA FARIA PEREIRA CHEHAB |
MANAGING PARTNER |
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ADRIANA FARIA RODRIGUES MONTEIRO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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PAULO ROBERTO JÓRIO PEREIRA |
R$ 8.500,00 |
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ADRIANA FARIA RODRIGUES MONTEIRO |
R$ 4.250,00 |
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RENATA FARIA PEREIRA CHEHAB |
R$ 4.250,00 |
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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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XIS ENE INDUSTRIAL LTDA |
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SERRATUR AGÊNCIA DE VIAGENS E TURISMO LTDA |
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LGF LEVY GESTÃO EM FINANÇAS LTDA |
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MRPJ FABRICAÇÃO DE ARTEFATOS DE CONCRETO LTDA |
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COMPANY'S BACKGROUND
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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: PAULO ROBERTO JÓRIO PEREIRA: BRAZILIAN, MARRIED, ENTREPRENEUR, HOLDER
OF DOCUMENTS CPF 356.119.607-15 AND RG 89006065-0 IFP/RJ, RESIDENTIAL ADDRESS
AT RUA DR. OMINDO MAIA, 417, BOSQUE DO IMPERADOR, ZIP CODE 36037-640, JUIZ DE
FORA/MG. 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. |
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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 31/12/2013, 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: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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CASH AND BANKS |
1.299.065,74 |
1.236.769,01 |
742.557,28 |
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CLIENTS |
4.964.398,11 |
4.809.657,51 |
4.202.368,54 |
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DOUBTFUL DEBTORS |
-148.931,94 |
-144.289,73 |
-126.071,06 |
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INVENTORY |
2.032.745,23 |
1.740.575,00 |
1.825.043,40 |
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OTHER CREDITS |
517.895,26 |
435.552,51 |
92.520,17 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
8.665.172,40 |
8.078.264,30 |
6.736.418,33 |
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FIXED ASSETS: |
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FIXED ASSETS |
13.229.369,18 |
10.170.281,74 |
6.070.308,18 |
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DEPRECIATIONS |
-1.322.936,92 |
-1.017.028,17 |
-607.030,82 |
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
11.906.432,26 |
9.153.253,57 |
5.463.277,36 |
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================ |
================ |
================ |
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TOTAL ASSETS |
20.571.604,66 |
17.231.517,87 |
12.199.695,69 |
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LIABILITIES: |
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CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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SUPPLIERS |
598.088,37 |
613.599,71 |
627.645,84 |
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LOANS AND FINANCING |
2.506.318,94 |
1.978.058,61 |
789.335,31 |
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OBLIGATIONS/THIRD PARTIES |
385.507,90 |
496.184,41 |
538.852,62 |
|
TRIBUTARY OBLIGATIONS |
348.947,06 |
1.808.212,93 |
1.692.493,96 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
3.838.862,27 |
4.896.055,66 |
3.648.327,73 |
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LONG TERM
LIABILITIES: |
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FINANCING |
2.953.380,47 |
2.665.901,39 |
1.905.515,49 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
2.953.380,47 |
2.665.901,39 |
1.905.515,49 |
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NET EQUITY: |
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SHARE CAPITAL |
17.000,00 |
17.000,00 |
17.000,00 |
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ACCRUED PROFIT (LOSS) |
13.762.361,92 |
9.652.560,82 |
6.628.852,48 |
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
13.779.361,92 |
9.669.560,82 |
6.645.852,48 |
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================ |
================ |
================ |
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TOTAL LIABILITIES |
20.571.604,66 |
17.231.517,87 |
12.199.695,70 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
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( FIGURES ARE IN REAIS ). |
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|
31/12/2013 |
31/12/2012 |
31/12/2011 |
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NET SALES |
28.982.823,45 |
24.789.994,17 |
21.845.990,93 |
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(-) COST OF SOLD GOODS |
13.017.854,24 |
11.455.689,19 |
9.989.910,19 |
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---------------- |
---------------- |
---------------- |
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GROSS PROFIT |
15.964.969,21 |
13.334.304,98 |
11.856.080,74 |
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OPERATING REVENUE (EXPENSE) |
-9.220.259,97 |
-8.322.661,66 |
-7.287.032,10 |
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FINANCIAL REVENUE(EXPENSE) |
-405.169,57 |
-466.630,68 |
-261.721,22 |
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---------------- |
---------------- |
---------------- |
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OPERATIONAL PROFIT (LOSS) |
6.339.539,67 |
4.545.012,64 |
4.307.327,42 |
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NON-OPERATING RESULT |
-148.931,94 |
|
|
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CONTRIBUTION/INCOME TAX |
-2.080.806,63 |
-1.521.304,30 |
-1.440.491,32 |
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---------------- |
---------------- |
---------------- |
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NET PROFIT (LOSS) |
4.109.801,10 |
3.023.708,34 |
2.866.836,10 |
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MONTHLY SALES |
|||
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2014 |
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--------------------- |
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JANUARY |
R$ 2.558.758,00 |
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FEBRUARY |
R$ 2.353.939,00 |
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MARCH |
R$ 2.445.073,00 |
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APRIL |
R$ 2.583.570,00 |
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MAY |
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JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 9.941.340,00 |
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RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
1,73 |
|
1,29 |
|
1,35 |
|
|
CURRENT RATIO |
2,26 |
|
1,65 |
|
1,85 |
|
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ACCOUNTS RECEIVABLE TURNOVER |
5,84 |
TIMES |
5,15 |
TIMES |
5,20 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
61,66 |
DAYS |
69,85 |
DAYS |
69,25 |
DAYS |
|
INVENTORY TURNOVER |
6,40 |
TIMES |
6,58 |
TIMES |
5,47 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
16,54 |
DAYS |
19,28 |
DAYS |
22,62 |
DAYS |
|
RETURN ON ASSETS |
1,41 |
TIMES |
1,44 |
TIMES |
1,79 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,10 |
TIMES |
2,56 |
TIMES |
3,29 |
TIMES |
|
NET WORTH TIE-UP |
,96 |
|
1,05 |
|
,91 |
|
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INDEBTEDNESS |
,49 |
|
,78 |
|
,84 |
|
|
EQUITY RATIO |
66,98 |
% |
56,12 |
% |
54,48 |
% |
|
WORKING CAPITAL RATIO |
125,72 |
% |
65,00 |
% |
84,64 |
% |
|
GENERAL SOLVENCY |
3,03 |
|
2,28 |
|
2,20 |
|
|
RETURN ON NET EQUITY |
29,83 |
% |
31,27 |
% |
43,14 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
14,18 |
% |
12,20 |
% |
13,12 |
% |
|
GROSS PROFIT MARGIN |
55,08 |
% |
53,79 |
% |
54,27 |
% |
|
OPERATIONAL RESULT |
21,87 |
% |
18,33 |
% |
19,72 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,55 |
TIMES |
5,06 |
TIMES |
5,99 |
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$ 2,56 |
- OFFICIAL RATE ON 28/11/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
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US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL AVAILABLE SHOW GOOD FINANCIAL STANDING. IT HAS GOOD LIQUIDITY
AND GOOD WORKING CAPITAL, A WELL AS LOW LEVEL OF INDEBTEDNESS WAS CONSIDERED.
IT ALSO SHOWED GROWING SALES AND POSTED PROFIT. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
|
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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"). |
ACTIVITIES COMMENTS
|
Manufacturer of chemicals for the Textile
Industry such as Bleaches, Cloth Softener & Soaps bearing the trade name
“Hi –Tech”. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
CHINA, UNITED STATES, INDIA AND TURKEY. |
EXPORTS TO:
|
PORTUGAL, COLOMBIA, PERU, HONDURAS, GUATEMALA AND COSTA RICA. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
|
|
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 120 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2000. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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: |
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|
|
|
|
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DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
DYSTAR IND. COM. DE PRODUTOS QUIMICOS |
|
11 4689-0572 |
|
RUDNICK COMERCIO DE PRODUTOS QUIMICOS LTDA |
|
11 4617-8400 |
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WORLD MINERALS DO BRASIL |
|
19 3888-2100 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AGROSAN |
TURKEY |
|
|
ROHAN DYES |
INDIA |
|
|
ULTERION INTERNATIONAL LLC |
UNITED STATES |
|
|
PAYMENT HISTORY: |
|
07 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 57.099,00 |
|
|
|
AMOUNT OF INVOICES PAID: 39 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 30.500,00 |
|
HIGHEST CREDIT: R$ 30.500,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 2000. UP
TO DATE IT HAS GOOD 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.62.14 |
|
UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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|
Report Prepared
by : |
MNL |
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.