MIRA INFORM REPORT

 

 

Report Date :

30.12.2014

 

IDENTIFICATION DETAILS

 

Name :

COLOR BRASIL IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

 

Registered Office :

Rua Johann G H Hadlich,730 - Passo Manso 89032-400 - Blumenau/SC

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

02.07.1992

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of chemicals

 

 

No. of Employee :

85

 

 

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:

 

COLOR BRASIL IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

 

ADDRESSES:

 

MAIN ADDRESS:

RUA JOHANN G H HADLICH,730 - PASSO MANSO

ZIP CODE/CITY:

89032-400 - BLUMENAU/SC

 

 

PHONE:

47 3330-4085

FAX:

47 3330-4085

E-MAIL:

financeiro@colorbrasil.com.br

WEB SITE:

www.colorquimica.com.br

 

BRANCHES:

 

DOES NOT HAVE

 

 

LEGAL DATA:

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

02/07/1992

REGISTER DATE:

02/07/1992

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

85.342.780/0001-00

STATE REGISTER:

252.493.958

 

 

SHARE CAPITAL:

R$ 250.000,00

LAST REGISTER OF CAPITAL:

31/12/1999

 

BOARD OF DIRECTORS:

 

 

 

SERGIO DE SANTANNA

MANAGING PARTNER

JOSE IZIDRO BASPINO ARIAS

MANAGING PARTNER

MAURO SEZER COLZANI

MANAGING PARTNER

MATEUS PALMA DE SANTANNA

MANAGING PARTNER

DANIEL VALENCIA BASPINO ARIAS

MANAGING PARTNER

 

AUTHORIZED USE OF SIGNATURE:

 

THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

SERGIO DE SANTANA

R$ 100.000,00

JOSÉ IZIDRO BASPINO ARIAS

R$ 75.000,00

MAURO SEZER COLZANI

R$ 50.000,00

DANIEL VALENCIA BASPINO ARIAS

R$ 12.500,00

MATEUS PALMA DE SANTANNA

R$ 12.500,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

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

 

 

SERJOMA ADMINISTRADORA LTDA

 

AJS INCORPORAÇÕES EMPREENDIMENTOS IMOBILIÁRIOS LTDA

 

QUIMICOR COMERCIO DE PRODUTOS QUIMICOS LTDA

 

SOFTEXTIL MALHAS LTDA

 

CHEMICOLOR COMERCIO DE PRODUTOS QUIMICOS LTDA

 

KOSMOS IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

CBS IMOVEIS LTDA

 

ENRICO ROSSI IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

MASTER SERVICE REPRESENTAÇÕES COMERCIAIS LTDA

 

 

COMPANY'S BACKGROUND:

 

THE SUBJECT WAS ESTABLISHED ON JULY 2, 1992 AS QUIMISOFT COMERCIO DE PRODUTOS QUIMICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. FEBRUARY 08, 1993 IT ALTERED TO COLOR QUÍMICA DO BRASIL LTDA, ON JUNE 06, 2007 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PARTNERS

 

SERGIO DE SANTANA: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 180.612.229-49, RG 224.989 SSP/SC, RESIDENTIAL ADDRESS AVENIDA ATLÂNTICA, 4294, APTO 1301, CENTRO, ZIP CODE 88330-027, BALNEARIO CAMBORIU/SC

 

JOSE IZIDRO BASPINO ARIAS: BRAZILIAN, WIDOWER, HOLDER OF DOCUMENTS CPF 510.278.797-72, RG 3.413.552 SSP, RESIDENTIAL ADDRESS RUA EWALDO BRUECKHEIMER 147, VELHA, ZIO CODE 89036-130, BLUMENAU/SC

 

MAURO SEZER COLZANI: BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS CPF 714.574.299-34, RG 1.926.835-1 SSP/SC, RESIDENTIAL ADDRESS RUA JAQUIÉ 459, ITOUPAVA SECA, ZIP CODE 89030-350, BLUMENAU/SC;

 

MATEUS PALMA DE SANTANNA: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 326.359.418-40, RG 6.665.943 SSP/SC, RESIDENTIAL ADDRESS AT RUA FREI ESTANISLAU SCHAETTE, 1344, APTO 102, ÁGUA VERDE, ZIP CODE 89037-002, BLUMENAU/SC;

 

DANIEL VALENÇA BASPINO ARIAS: BRAZILIAN, SINGLE, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF 004.304.31945, RG 4.428.059-9 SSP/SC, RESIDENTIAL ADDRESS AT RUA EWALDO BRUECKHEIMER, 147, VELHA, ZIP CODE 89036-130, BLUMENAU/SC.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

********

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. DORACI, FINANCIAL DEPARTMENT, WHO STATED THAT WILL ONLY BE ABLE TO ANSWER TO OUR REQUEST AFTER JANUARY 05, 2015 DUE TO HOLIDAYS. IF/WHEN RECEIVED A SUPPLEMENT WILL BE FORWARDED TO YOUR ATTENTION IN A COMPLEMENTARY REPORT.

 

THE DATA CONTAINED HEREIN WERE EXTRACTED FROM OUR DATABASE, OUTSIDE SOURCES AND OFFICIAL.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION:

 

GENERAL BALANCE SHEETS AS OF 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2012

31/12/2011

 

 

 

 

 

CASH AND BANKS

983.816,65

1.770.114,47

 

CLIENTS

6.625.473,18

8.612.828,54

 

DISCOUNTED NOTES

 

-822.338,00

 

OTHER CREDITS

150.908,56

1.059.305,20

 

RECOVERABLE TAXES

91.548,04

212.379,85

 

INVENTORY

16.713.569,81

7.185.314,63

 

 

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

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

 

TOTAL CURRENT ASSETS

24.565.316,24

18.017.604,69

 

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

24.766,86

 

 

 

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

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

 

TOTAL LONG-TERM RECEIVABLES

24.766,86

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

959.916,21

3.720.364,81

 

INTANGIBLE

 

118.623,80

 

DEPRECIATIONS

 

-1.624.626,42

 

INVESTMENTS

105.561,16

 

 

 

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

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

 

TOTAL FIXED ASSETS

1.065.477,37

2.214.362,19

 

 

================

================

 

TOTAL ASSETS

25.655.560,47

20.231.966,88

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

 

 

 

 

 

SUPPLIERS

1.423.682,18

1.180.459,87

 

LABOR OBLIGATIONS

118.801,31

275.248,70

 

TRIBUTARY OBLIGATIONS

492.769,27

489.673,87

 

LOANS AND FINANCING

2.376.796,89

174.115,03

 

OTHER DEBTS

59.789,78

48.574,96

 

PROVISIONS

163.078,10

 

 

 

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

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

 

TOTAL CURRENT LIABILITIES

4.634.917,53

2.168.072,43

 

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

2.881.609,21

275.757,60

 

TRIBUTARY OBLIGATIONS

372.278,71

577.326,69

 

 

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

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

 

TOTAL LONG TERM LIABILITIES

3.253.887,92

853.084,29

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

250.000,00

250.000,00

 

ACCRUED PROFIT (LOSS)

17.516.755,02

16.960.810,16

 

 

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

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

 

TOTAL NET EQUITY

17.766.755,02

17.210.810,16

 

 

================

================

 

TOTAL LIABILITIES

25.655.560,47

20.231.966,88

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012 AND 31/12/2011.

( FIGURES ARE IN REAIS ).

 

 

31/12/2012

31/12/2011

 

 

 

 

 

GROSS SALES

48.020.278,06

37.833.145,93

 

(-) TAXES ON SALES

5.444.495,09

6.535.667,41

 

 

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

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

 

NET SALES

42.575.782,97

31.297.478,52

 

(-) COST OF SOLD GOODS

24.868.418,05

15.542.211,17

 

 

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

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

 

GROSS PROFIT

17.707.364,92

15.755.267,35

 

OPERATING REVENUE (EXPENSE)

-7.055.854,50

-7.037.990,80

 

FINANCIAL REVENUE(EXPENSE)

-138.635,68

-182.125,18

 

 

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

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

 

OPERATIONAL PROFIT (LOSS)

10.512.874,74

8.535.151,37

 

NON-OPERATING RESULT

-79.581,00

103.534,48

 

CONTRIBUTION/INCOME TAX

-1.528.024,38

-1.206.066,14

 

PROFIT SHARING

-8.383.589,96

-3.271.016,53

 

 

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

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

 

NET PROFIT (LOSS)

521.679,40

4.161.603,18

 

 

RATIOS:

31/12/2012

31/12/2011

 

 

QUICK RATIO

1,69

 

5,00

 

 

 

CURRENT RATIO

5,30

 

8,31

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

6,43

TIMES

3,63

TIMES

 

 

DAYS' SALES IN RECEIVABLES

56,02

DAYS

99,07

DAYS

 

 

INVENTORY TURNOVER

1,49

TIMES

2,16

TIMES

 

 

ACCOUNTS PAYABLE PERIOD

20,61

DAYS

27,34

DAYS

 

 

RETURN ON ASSETS

1,66

TIMES

1,55

TIMES

 

 

SALES TURNOVER ON NET EQUITY

2,40

TIMES

1,82

TIMES

 

 

NET WORTH TIE-UP

,05

 

,22

 

 

 

INDEBTEDNESS

,44

 

,18

 

 

 

EQUITY RATIO

69,25

%

85,07

%

 

 

WORKING CAPITAL RATIO

430,01

%

731,04

%

 

 

GENERAL SOLVENCY

3,25

 

6,70

 

 

 

RETURN ON NET EQUITY

2,94

%

24,18

%

 

 

RETURN ON SALES (PROFIT MARGIN)

1,23

%

13,30

%

 

 

GROSS PROFIT MARGIN

41,59

%

50,34

%

 

 

OPERATIONAL RESULT

24,69

%

27,27

%

 

 

SALES TURNOVER ON LIABILITIES

9,19

TIMES

14,44

TIMES

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,68

 - OFFICIAL RATE ON 26/12/2014

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 FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT HAS HIGH CURRENT RATIO AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 

   THE PARTNERS OWN REAL ESTATE VALUED AT  R$ 6.200.000,00

 

DETAIL OF RENTED/LEASED REAL ESTATE:

 

 

 

QUANTITY:

1

TYPE:

OTHERS

VALUE:

R$ 10.667,00

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.200.527,00

 

INSURANCE:

 

INSURANCE COMPANY:

ROYAL

COVERAGE:

TODOS OS EMBARQUES E IMPORTAÇÃO

 

 

INSURANCE COMPANY:

GENERALLI

COVERAGE:

PATRIMONIAL

 

 

INSURANCE COMPANY:

TOKIO MARINE

COVERAGE:

VEHICLES

 

 

BANKING REFERENCES:

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

3420-7  /  47 3321-2558

 

BANCO SAFRA S/A

0067  /  47 2123-6616

 

BANCO REAL (SANTANDER) S/A

1509  /  47 3326-8466

 

 

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:

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF CHEMICAL PRODUCTS, COMMERCIAL REPRESENTATION, IMPORT AND EXPORT.

 

MANUFACTURED PRODUCTS: OXIDANT FOR COLOURING

TRADED PRODUCTS: AUXILIARY DYERS FOR DYEING

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

 

CHINA AND INDIA.

 

   EXPORTS TO:

 

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

CIA HERING

 

47 3321-3544

COMCE BENEF. TÊXTEIS LTDA.

 

47 3333-2235

DALILA TÊXTIL LTDA.

 

47 3352-1444

KARSTEN S/A

 

47 3331-4000

KOHLER TINTURARIA LTDA

 

47 3354-0108

LAVANDERIA E TINTUARARIA EDUARDO LTDA.

 

47 3371-0437

LULI IND.E COM. DE CONFECÇÕES LTDA.

 

47 3338-2344

TECELAGEM ATLANTICA LTDA

 

47 3255-5000

TEKA TECELAGEM KUENRICH S/A

 

47 3321-5050

 

STAFF:

 

THE COMPANY HAS: 85 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT:

 

THE SUBJECT IS A COMPANY OPERATING SINCE 1992. 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:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

BASF S/A

 

11 4343-3057

COGNIS BRASIL LTDA.

 

12 2128-6106

DYSTAR LTDA

 

11 5185-4171

PULCAR ESPECIALIDADES QUÍMICAS LTDA

 

11 2133-2531

Q.G.P. QUIMICA GERAL LTDA

 

15 3383-9510

 

FOREIGN SUPPLIERS:

COUNTRY:

 

CHROMA CHEMICAL LTD

CHINA

 

INDO COLCHEM LTD

INDIA

 

ZHEJIANG SABRINA GARMENTS

CHINA

 

 

PAYMENT HISTORY:

 

11 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 114.486,00

 

AMOUNT OF INVOICES PAID: 80

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 14.200,00

HIGHEST CREDIT: R$ 14.200,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

2

R$ 1.854,86

 

 

FINAL OPINION:

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR.

 

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.63.65

UK Pound

1

Rs.99.14

Euro

1

Rs.77.60

 

INFORMATION DETAILS

 

Analysis Done by :

KRN

 

 

Report Prepared by :

DPT

 

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.