MIRA INFORM REPORT

 

 

Report Date :

06.12.2014

 

IDENTIFICATION DETAILS

 

Name :

LABORSAN COMERCIO E IMPORTAÇÃO DE CORANTES E POLÍMEROS LTDA

 

 

Registered Office :

Avenida Presidente Costa E Silva, 485 Jardim Casa Grande, 09961-400 - Diadema/SP

 

 

Country :

Brazil

 

 

Date of Incorporation :

14.07.1997

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of chemicals

 

 

No of Employees :

19

 

 

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 –September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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, 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

 

LABORSAN COMERCIO E IMPORTAÇÃO DE CORANTES E POLÍMEROS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA PRESIDENTE COSTA E SILVA, 485 JARDIM CASA GRANDE

ZIP CODE/CITY:

09961-400 - DIADEMA/SP

 

 

PHONE:

11 4061-4400

FAX:

11 4066-4459

E-MAIL:

administrativo@laborsanbrasil.com

WEB SITE:

www.laborsancorantes.com.br

 

BRANCHES:

 

NOT AVAILABLE.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICALS

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

14/07/1997

REGISTER DATE:

05/08/1997

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

02.215.956/0001-36

STATE REGISTER:

286.161.445.116

 

 

SHARE CAPITAL:

R$ 100.000,00

LAST REGISTER OF CAPITAL:

01/08/1999

 

BOARD OF DIRECTORS:

 

 

 

FRANCISCO EDUARDO DE ALBUQUERQUE

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

FRANCISCO EDUARDO DE ALBUQUERQUE

R$ 50.000,00

LEONARDO RIBEIRO DE PAULA

R$ 50.000,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

LABORSAN SERVICOS DE ANÁLISE EM SISTEMAS LTDA,

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 14, 1997 AS LABORSAN COMERCIO E IMPORTAÇÃO LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON SEPTEMBER 22, 2004 IT ADOPTED THE ABOVE-MENTIONED NAME.

 

TRADE NAME: "LABORSAN"

 

PARTNERS:

 

FRANCISCO EDUARDO DE ALBUQUERQUE: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 176.456.258-56 AND RG 23.585.969-2-SP, RESIDENTIAL ADDRESS AT RUA ANGRA DOS REIS 161, ZIP CODE 09910-330, SÃO PAULO/SP;

 

LEONARDO RIBEIRO DE PAULA: BRAZILIAN, SINGLE, HOLDER OF DOCUMENTS CPF 368.162.778-99 AND RG 421209495, RESIDENTIAL ADDRESS AT RUA KALIL NADER, 753, APTO 71, ÁGUA FUNDA, ZIP CODE 04154-030, SÃO PAULO/SP.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

2

FEDERAL LAWSUITS

24/07/12

VARA DE SP-DIADEMA

9

STATE LAWSUITS

14/02/14

VARA DE SP-DIADEMA

 

 

FINANCIAL INFORMATION

 

DUE TO ITS LEGAL FORM SUBJECT IS NOT OBLIGED TO PUBLISH BALANCE SHEET INFORMATION. WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED NO BALANCE SHEET INFORMATION IS AVAILABLE.

 

THE SUBJECT HAS NO BALANCE SHEET INFORMATION TO PROVIDE BUT HAS DISCLOSED THE FOLLOWING FIGURES REGARDING ITS SALES:

 

MONTHLY SALES

 

  2014

  2013

  2012

 

---------------------

---------------------

---------------------

JANUARY

R$ 513.524,10

R$ 366.332,71

R$ 288.134,19

FEBRUARY

R$ 718.799,04

R$ 415.418,83

R$ 394.380,45

MARCH

R$ 485.170,53

R$ 350.714,36

R$ 565.659,41

APRIL

R$ 330.937,11

R$ 448.569,24

R$ 303.991,35

MAY

R$ 577.587,32

R$ 429.004,72

R$ 736.466,57

JUNE

R$ 459.382,60

R$ 729.452,83

R$ 564.443,43

JULY

R$ 729.735,27

R$ 428.205,84

R$ 537.610,40

AUGUST

R$ 589.770,98

R$ 630.143,27

R$ 452.777,88

SEPTEMBER

R$ 539.825,49

R$ 659.285,90

R$ 619.460,20

OCTOBER

R$ 854.959,90

R$ 472.280,92

R$ 565.257,33

NOVEMBER

 

R$ 422.466,19

R$ 278.102,59

DECEMBER

 

R$ 253.173,68

R$ 192.072,22

TOTAL

R$ 5.799.692,34

R$ 5.605.048,49

R$ 5.498.356,02

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,56

 - OFFICIAL RATE ON 01/12/2014

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2013

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 31/12/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FURTHER FINANCIAL DATA WE ARE NOT ABLE TO ACCESS THE SUBJECT FINANCIAL STANDING BY THE USUAL STANDARDS.

 

ALL THAT CAN BE REPORTED IS THAT SUBJECT OPERATES WITH A GROWING SCALE OF ACTIVITIES AND SO FAR NO SIGNS OF FINANCIAL PROBLEMS ARE REGISTERED.

 

REAL ESTATE:

 

OWNED PREMISES ARE VALUED AT R$ 120.000,00

 

VEHICLES:

 

OWNED VEHICLES ARE VALUED AT R$ 80.000,00

 

MACHINES:

 

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 50.722,99

 

 

INSURANCE

 

INSURANCE COMPANY:

PORTO SEGURO - CIA DE SEGUROS GERAIS

COVERAGE:

REAL ESTATE / VEHICLES / CORPORATE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

PIRAPORINHA (11 4066-1660)

DIADEMA/SP

BANCO ITAU S/A

0257   /   11 4557-6636

 

 

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

 

SUBJECT IS ENGAGED IN THE WHOLESALE OF DYES, PIGMENTS AND AUXILIARIES FOR THE INDUSTRY.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

CHINA, INDIA

 

EXPORTS TO:

PARAGUAY AND ARGENTINA

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

CARFIGEL

 

11 6955-9766

CORTRIBA

 

54  324 -1300

SYNGENTA

 

11 5643-6753

 

FOREIGN CLIENTS:

COUNTRY:

PHONE:

AGROTEC

PARAGUAY

595-6157 1990

 

STAFF:

 

THE COMPANY HAS: 19 EMPLOYEE(S)

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1997. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT FACILITIES, SINCE SUBJECT MAIN SUPPLIERS ARE SAID TO BE THE FOREIGN COMPANIES.

 

THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. USUALLY THIS KIND OF SUITS DO NOT AFFECT THE COMPANY REPUTATION BUT IN THE SUBJECT SPECIFIC CASE IT IS NOT POSSIBLE TO EVALUATE AS THERE ARE SEVERAL SUITS REGISTERED AND NO DETAILS REGARDING THE AMOUNTS INVOLVED ARE AVAILABLE FOR PUBLIC INSPECTION.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

ATLANTA QUIMICA LTDA

GUARULHOS/SP

11 6480-2288

BRENNTAG QUIMICA BRASIL LTDA

SÃO PAULO/SP

11 5545-2111

EMPLAS COM REPRES EMB PLÁSTICAS LTDA

SÃO PAULO/SP

11 5521-6693

IPPLAST IND PAULISTA DE PLASTICOS LTDA

ARUJÁ/SP

11 4652-7401

QUIMESP COMERCIAL LTDA

SÃO PAULO/SP

11 3311-7422

 

FOREIGN SUPPLIERS:

COUNTRY:

 

WENDA

CHINA

 

 

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.61.85

UK Pound

1

Rs.96.73

Euro

1

Rs.76.53                                 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SMN

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.