MIRA INFORM REPORT

 

 

Report Date :

22.03.2014

 

IDENTIFICATION DETAILS

 

Name :

KELLDRIN INDUSTRIAL LTDA

 

 

Registered Office :

Vla Via Primária 01-D S/N,0 Quadra 02 Modulo 05 - Distrito Agroindustrial, 75132-035 - Anápolis/Go

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

16.06.1999

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture and trade of pesticides.

 

 

No. of Employees :

84

 

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 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

 

KELLDRIN INDUSTRIAL LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

VLA VIA PRIMÁRIA 01-D S/N,0 QUADRA 02 MODULO 05 - DISTRITO AGROINDUSTRIAL

ZIP CODE/CITY:

75132-035 - ANÁPOLIS/GO

 

 

PHONE:

62 3316-5206

FAX:

62 3316-5206

E-MAIL:

kelldrin@kelldrin.com.br

WEB SITE:

www.kelldrin.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RODOVIA PE 18,850 KM 04 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

53520-710 ABREU E LIMA/PE

CNPJ:

03.237.990/0004-17

 

 

ADDRESS:

RUA 14, S/Nº. LOTE,1 POLO EMPRESARIAL

ZIP CODE/CITY:

74914-662 APARECIDA DE GOIÂNIA/GO

PHONE:

62 3241-2727

FAX:

62 3241-2727

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE AND TRADE OF CHEMICALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

16/06/1999

REGISTER DATE:

16/06/1999

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

03.237.990/0001-74

STATE REGISTER:

10.340.339-6

 

 

SHARE CAPITAL:

R$ 300.000,00

 

 

BOARD OF DIRECTORS:

 

 

 

VINICIUS NUNES REZENDE SOUZA DINIZ

MANAGING PARTNER

DIOGO NUNES REZENDE SOUZA DINIZ

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

VINICIUS NUNES REZENDE SOUZA DINIZ

50%

DIOGO NUNES REZENDE SOUZA DINIZ

50%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

ASSOCIACAO HIPICA RANCHO BONANZA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JUNE 16, 1999 AS KELLDRIN INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS E AGRICOLAS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. IN JULY 2009 IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

 

PARTNERS:

 

VINICIUS NUNES REZENDE SOUZA DINIZ: BRAZILIAN, SINGLE, ENTREPRENEUR, RESIDENTIAL ADDRESS AT RUA C-167, QUADRA 406, LOTE 01, JARDIM AMÉRICA, ZIP CODE 74255-100, GOIÂNIA/GO, HOLDER OF DOCUMENTS CPF 731.494.621-34 AND RG 3.821.292 DGPC/GO;

 

DIOGO NUNES REZENDE SOUZA DINIZ: BRAZILIAN, MARRIED, ENTREPRENEUR, RESIDENTIAL ADDRESS AT RUA S-4, Nº. 463, QUADRA S-18, LOTES 17/18,  SETOR BELA VISTA, ZIP CODE 74823-450, GOIÂNIA/GO, HOLDER OF DOCUMENTS CPF 943.381.321-91 AND RG 3.821.293 DGPC/GO.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

CASH AND CASH EQUIVALENTS

89.411,00

18.117,00

45.100,00

CLIENTS

3.772.256,00

2.301.459,00

1.154.963,00

ADVANCES

184.879,00

21.475,00

3.771,00

RECOVERABLE TAXES

2.072,00

20.888,00

24.307,00

INVENTORY

2.507.281,00

2.365.919,00

1.072.299,00

OTHER CREDITS

 

1.957,00

 

 

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

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

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

TOTAL CURRENT ASSETS

6.555.899,00

4.729.815,00

2.300.440,00

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

OTHER CREDITS

8.407,00

 

 

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

8.407,00

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

104.953,00

8.999,00

17.032,00

FIXED ASSETS

1.572.430,00

1.370.923,00

1.345.402,00

INTANGIBLE

 

2.000,00

 

 

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

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

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

TOTAL FIXED ASSETS

1.677.383,00

1.381.922,00

1.362.434,00

OFF-BALANCE ACCOUNTS

 

72.644,00

15.785,00

 

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

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

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

TOTAL ASSETS

8.241.689,00

6.184.381,00

3.678.659,00

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

SUPPLIERS

693.809,00

602.837,00

135.782,00

LOANS AND FINANCING

738.799,00

500.853,00

165.444,00

SOCIAL / LABOR OBLIGATIONS

65.123,00

83.878,00

120.047,00

TRIBUTARY OBLIGATIONS

203.830,00

123.947,00

70.408,00

LABOR PROVISIONS

 

120.149,00

 

OTHER DEBTS

123.375,00

2.759,00

 

 

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

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

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

TOTAL CURRENT LIABILITIES

1.824.936,00

1.434.423,00

491.681,00

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

FINANCING

1.169.635,00

732.007,00

676.615,00

 

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

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

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

TOTAL LONG TERM LIABILITIES

1.169.635,00

732.007,00

676.615,00

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

300.000,00

30.000,00

30.000,00

PROFIT (LOSS) OF PERIOD

2.169.164,00

2.790.590,00

1.084.766,00

ACCRUED PROFIT (LOSS)

3.717.952,00

2.258.361,00

1.638.097,00

PROFIT SHARING

-940.000,00

-1.061.000,00

-242.500,00

 

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

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

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

TOTAL NET EQUITY

5.247.116,00

4.017.951,00

2.510.363,00

 

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

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

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

TOTAL LIABILITIES

8.241.687,00

6.184.381,00

3.678.659,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN REAIS ).

 

 

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

GROSS SALES

 

11.910.844,00

7.277.781,00

(-) TAXES ON SALES

 

995.941,00

666.756,00

 

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

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

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

NET SALES

14.738.067,00

10.914.903,00

6.611.025,00

(-) COST OF SOLD GOODS

8.495.722,00

5.032.888,00

3.543.145,00

 

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

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

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

GROSS PROFIT

6.242.345,00

5.882.015,00

3.067.880,00

OPERATING REVENUE (EXPENSE)

-3.309.534,00

-2.830.963,00

-1.817.064,00

FINANCIAL REVENUE(EXPENSE)

-315.524,00

-260.460,00

-166.009,00

 

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

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

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

OPERATIONAL PROFIT (LOSS)

2.617.287,00

2.790.592,00

1.084.807,00

NON-OPERATING RESULT

 

 

-42,00

CONTRIBUTION/INCOME TAX

-448.123,00

 

 

 

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

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

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

NET PROFIT (LOSS)

2.169.164,00

2.790.592,00

1.084.765,00

 

MONTHLY SALES

 

  2014

  2013

 

 

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

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

 

JANUARY

R$ 1.911.197,70

R$ 1.729.391,17

 

FEBRUARY

 

R$ 1.495.439,61

 

MARCH

 

R$ 1.522.804,84

 

APRIL

 

R$ 1.465.853,65

 

MAY

 

R$ 1.068.234,72

 

JUNE

 

R$ 1.125.307,35

 

JULY

 

R$ 1.044.232,44

 

AUGUST

 

R$ 1.243.092,15

 

SEPTEMBER

 

R$ 1.435.037,29

 

OCTOBER

 

R$ 2.179.500,00

 

NOVEMBER

 

R$ 2.082.723,45

 

DECEMBER

 

R$ 2.058.948,54

 

TOTAL

R$ 1.911.197,70

R$ 18.450.565,21

 

 

RATIOS:

31/12/2012

31/12/2011

31/12/2010

 

QUICK RATIO

2,22

 

1,65

 

2,50

 

CURRENT RATIO

3,59

 

3,30

 

4,68

 

ACCOUNTS RECEIVABLE TURNOVER

3,91

TIMES

4,74

TIMES

5,72

TIMES

DAYS' SALES IN RECEIVABLES

92,14

DAYS

75,91

DAYS

62,89

DAYS

INVENTORY TURNOVER

3,39

TIMES

2,13

TIMES

3,30

TIMES

ACCOUNTS PAYABLE PERIOD

29,40

DAYS

43,12

DAYS

13,80

DAYS

RETURN ON ASSETS

1,79

TIMES

1,76

TIMES

1,80

TIMES

SALES TURNOVER ON NET EQUITY

2,81

TIMES

2,72

TIMES

2,63

TIMES

NET WORTH TIE-UP

,30

 

,34

 

,54

 

INDEBTEDNESS

,57

 

,54

 

,47

 

EQUITY RATIO

63,67

%

64,97

%

68,24

%

WORKING CAPITAL RATIO

259,24

%

229,74

%

367,87

%

GENERAL SOLVENCY

2,75

 

2,85

 

3,15

 

RETURN ON NET EQUITY

41,34

%

69,45

%

43,21

%

RETURN ON SALES (PROFIT MARGIN)

14,72

%

25,57

%

16,41

%

GROSS PROFIT MARGIN

42,36

%

53,89

%

46,41

%

OPERATIONAL RESULT

17,76

%

25,57

%

16,41

%

SALES TURNOVER ON LIABILITIES

8,08

TIMES

7,61

TIMES

13,45

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

US$ 1,00 = R$ 2,35

US$ 1,00 = R$ 2,04

US$ 1,00 = R$ 1,87

US$ 1,00 = R$ 1,66

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL AMOUNT, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND POSITIVE RESULT.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 76.940,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 206.839,52

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

3483-5    3230-4500

 

BANCO ITAU S/A

0147-9   3243-4632

 

BANCO BRADESCO S/A

3458-4   3212-5070

 

 

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 RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

 

 

ACTIVITIES COMMENTS

 

MANUFACTURE AND TRADE OF PESTICIDES.

 

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

NOT AVAILABLE.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 84 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED FAMILY-RUN COMPANY, OPERATING SINCE 1999. 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:

ELIZE CHIMICAL COMERCIO IMPORTAÇÃO  E PREPRESENTAÇÕES LTDA

 

11 3045-3288

GRANOL S/A

 

11 4015-1233

LABORATORIOS ECOLYZER LTDA

 

11 2669-5020

PLASTIKAN INDUSTRIA DE EMBALAGENS LTDA

 

51 3477-7748

 

PAYMENT HISTORY:

 

12 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 125.538,00

 

AMOUNT OF INVOICES PAID: 65

TOTAL OF PROMPT PAYMENTS: 99,8%

TOTAL OF DELAYED PAYMENTS: 0,2%

 

HIGHEST INVOICE: R$ 9.611,00

HIGHEST CREDIT: R$ 3.881,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

2

4

R$ 12.679,50

DUE WITHIN 60 DAYS

1

1

R$ 508,50

ALL

2

5

R$ 13.188,00

 

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 NORMAL 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.61.05

UK Pound

1

Rs.100.81

Euro

1

Rs.84.18

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.