|
Report Date : |
08.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
RESINAS BRASIL INDUSTRIA E COMERCIO LTDA |
|
|
|
|
Registered Office : |
Estrada Municipal Manduri/São Berto, Km 10 - Sao Berto |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.02.1989 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Other Chemicals. |
|
|
|
|
No of Employees : |
94 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
RESINAS BRASIL
INDUSTRIA E COMERCIO LTDA
|
ADDRESSES |
|
MAIN ADDRESS: |
Estrada Municipal Manduri/São Berto, Km 10 - Sao Berto |
|
ZIP CODE/CITY: |
18.785-000 - MANDURI/SP |
|
|
|
|
PHONE: |
14 3356-1511 |
|
FAX: |
14 3356-1511 |
|
E-MAIL: |
edson@resinasbrasil.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV. PREFEITO PAULO NOVAES,470 CENTRO |
|
ZIP CODE/CITY: |
18705-000 AVARE/SP |
|
PHONE: |
14 3711-2222 |
|
CNPJ: |
60.057.163/0006-47 |
|
|
|
|
ADDRESS: |
ESTRADA DO GUARUJO,3150 BLOCO 2 |
|
ZIP CODE/CITY: |
13320-902 SALTO/SP |
|
LEGAL DATA |
|
MAIN ACTIVITIES: |
|
Manufacture of other chemicals. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
22/02/1989 |
|
REGISTER DATE: |
22/02/1989 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
60.057.163/0001-32 |
|
STATE REGISTER: |
434.003.051.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 29.358.263,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
ANTONIO MANUEL HENRIQUES JORGE FERREIRA |
MANAGING PARTNER |
|
JOSE PINTO DA ROCHA FERREIRA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ANTONIO MANUEL HENRIQUES JORGE FERREIRA |
50,99% |
|
VITOR HENRIQUES LAGOA |
49,00% |
|
JOSÉ PINTO DA ROCHA JORGE FERREIRA |
0,01% |
|
AFFILIATES /
SUBSIDIARIES |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS
THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
RESINAS DO PARANÁ INDÚSTRIA E COMÉRCIO LTDA |
|
|
RESINAS TROPICAIS INDÚSTRIA E COMÉRCIO LTDA |
|
|
ITACOL IND. COM. IMPORT. E EXPORT. DE RESINAS NATURAIS LTDA |
|
|
RB SUL INDÚSTRIA E COMERCIO LTDA |
|
|
SOCER BRASIL INDÚSTRIA E COMÉRCIO LTDA |
|
|
ITABOX IND. E COM. DE MÓVEIS DE MADEIRA LTDA |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON FEBRUARY 22, 1989 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. PARTNERS: JOSÉ PINTO DA ROCHA JORGE FERREIRA: PORTUGUESE, MARRIED, HOLDER OF
DOCUMENTS, RG 53.442.443-0 SSP/SP AND CPF 215.669.748-52, RESIDENTIAL ADDRESS
AT AV. PREFEITO PAULO NOVAES, 470, CENTRO - AVARE/SP. ANTONIO MANUEL HENRIQUES JORGE FERREIRA: PORTUGUESE, RESIDENTIAL
ADDRESS AT RUA VIANA DA MOTA 32, LISBOA, PORTUGAL. VITOR HENRIQUES LAGOA: PORTUGUESE, RESIDENTIAL ADDRESS AT AV. NOSSA
SENHORA DO ROSARIO 1012, CASCAIS, PORTUGAL. IN 2007 THE COMPANY WAS AWARDED THE ISO 9001:2000 CERTIFICATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
PUBLIC
INFORMATION
|
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
CASH AND BANKS |
583.727,00 |
2.950.591,00 |
|
|
CLIENTS |
8.086.080,00 |
8.032.215,00 |
|
|
INVENTORY |
5.486.577,00 |
2.813.714,00 |
|
|
ADVANCES |
84.628,00 |
127.724,00 |
|
|
RECOVERABLE TAXES |
652.475,00 |
133.068,00 |
|
|
OTHER CREDITS |
1.761.325,00 |
8.126.327,00 |
|
|
PRE PAID EXPENSES |
10.579,00 |
16.486,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
16.665.391,00 |
22.200.125,00 |
|
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ACCOUNTS RECEIVABLES |
5.874.119,00 |
8.449.119,00 |
|
|
GRANTED LOANS |
19.189.940,00 |
|
|
|
DEFERRED TAXES |
2.601.486,00 |
1.950.491,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG-TERM RECEIVABLES |
27.665.545,00 |
10.399.610,00 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
185.788.456,00 |
91.239.050,00 |
|
|
BIOLOGICAL ASSETS |
32.799.276,00 |
21.039.357,00 |
|
|
FIXED ASSETS |
18.623.373,00 |
18.565.803,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
237.211.105,00 |
130.844.210,00 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
281.542.041,00 |
163.443.945,00 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
SUPPLIERS |
854.281,00 |
845.071,00 |
|
|
LOANS AND FINANCING |
6.503.536,00 |
2.074.392,00 |
|
|
TRIBUTARY OBLIGATIONS |
393.980,00 |
142.811,00 |
|
|
SOCIAL / LABOR OBLIGATIONS |
946.788,00 |
548.618,00 |
|
|
OTHER DEBTS |
3.175.280,00 |
1.649.195,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
11.873.865,00 |
5.260.087,00 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
84.428.404,00 |
70.509.466,00 |
|
|
DEFERRED TAXES |
14.232.697,00 |
7.550.602,00 |
|
|
OTHER |
42.832.392,00 |
10.931.800,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
141.493.493,00 |
88.991.868,00 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
29.358.263,00 |
1.020.000,00 |
|
|
PROFIT RESERVES |
20.708.459,00 |
61.985.082,00 |
|
|
OTHER COMPREHENSIVE INCOME |
76.684.008,00 |
6.186.908,00 |
|
|
CUMULATIVE TRANSLATION ADJUSTMENT |
1.423.953,00 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
128.174.683,00 |
69.191.990,00 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
281.542.041,00 |
163.443.945,00 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
NET SALES |
40.306.131,00 |
40.028.962,00 |
|
|
(-) COST OF SOLD GOODS |
25.407.533,00 |
29.474.596,00 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
14.898.598,00 |
10.554.366,00 |
|
|
OPERATING REVENUE (EXPENSE) |
24.812.085,00 |
12.643.160,00 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-12.270.125,00 |
-7.857.748,00 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
27.440.558,00 |
15.339.778,00 |
|
|
CONTRIBUTION/INCOME TAX |
-6.411.179,00 |
-338.415,00 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
21.029.379,00 |
15.001.363,00 |
|
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 4.730.266,76 |
|
|
|
FEBRUARY |
R$ 5.238.191,21 |
|
|
|
MARCH |
R$ 7.481.952,33 |
|
|
|
APRIL |
R$ 9.216.597,45 |
|
|
|
MAY |
R$ 6.395.922,53 |
|
|
|
JUNE |
R$ 4.383.507,50 |
|
|
|
JULY |
R$ 4.463.092,52 |
|
|
|
AUGUST |
R$ 5.790.161,60 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 47.699.691,90 |
|
|
|
RATIOS: |
31/12/2013 |
31/12/2012 |
|
|
QUICK RATIO |
,94 |
|
3,69 |
|
|
|
|
CURRENT RATIO |
1,40 |
|
4,22 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,98 |
TIMES |
4,98 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
72,22 |
DAYS |
72,24 |
DAYS |
|
|
|
INVENTORY TURNOVER |
4,63 |
TIMES |
10,48 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
12,10 |
DAYS |
10,32 |
DAYS |
|
|
|
RETURN ON ASSETS |
,14 |
TIMES |
,24 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
,31 |
TIMES |
,58 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,15 |
|
,27 |
|
|
|
|
INDEBTEDNESS |
1,20 |
|
1,36 |
|
|
|
|
EQUITY RATIO |
45,53 |
% |
42,33 |
% |
|
|
|
WORKING CAPITAL RATIO |
40,35 |
% |
322,05 |
% |
|
|
|
GENERAL SOLVENCY |
1,84 |
|
1,73 |
|
|
|
|
RETURN ON NET EQUITY |
16,41 |
% |
21,68 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
52,17 |
% |
37,48 |
% |
|
|
|
GROSS PROFIT MARGIN |
36,96 |
% |
26,37 |
% |
|
|
|
OPERATIONAL RESULT |
68,08 |
% |
38,32 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
3,39 |
TIMES |
7,61 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,45 |
- OFFICIAL RATE ON 29/09/2014 |
|
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
|
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS
IS HIGH BUT IT IS NOTED GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL
AMOUNT. IN ADDITION IT SHOWS GROWING SALES AND HIGH PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO ITAU S.A |
075 / 14 3102-1255 |
|
|
BANCO SANTANDER BRASIL S.A. |
3327 / 15 3212-9772 |
|
|
BANCO DO BRASIL S.A |
3369-3 / 14 3664-9811 |
|
|
BANCO BRADESCO S.A. |
3371-5 / 19 3417-3600 |
|
|
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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682
BRAZILIAN CENTRAL BANK"). DATE RESEARCHED SEPTEMBER 29, 2014. |
ACTIVITIES
COMMENTS
|
|
MANUFACTURE OF OTHER CHEMICALS. MAIN PRODUCTS: TAR, TURNENTINE AND BY PRODUCTS |
|
IMPORT AND
EXPORT |
IMPORTS FROM:
|
UNITED STATES, HOLLAND, GERMANY. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ADECOL INDUSTRIA QUIMICA LTDA |
|
11 2484-1141 |
|
BRASILUX TINTAS TECNICAS LTDA |
|
16 3383-7000 |
|
RESIPIM COMERCIO E EXPORTAÇÃO LTDA |
|
14 3733-2125 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 94 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1989. SO
FAR IT HAS A CLEAR TRADE HISTORY AND MODEST 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: |
|
|
|
CEREALISTA ROSALITO LTDA |
|
|
|
IMERYS PERLITA PAULINIA MINERAIS LTDA |
|
11 2133-3991 |
|
NEO -PLASTIC EMBALAGENS PLAST LTDA |
|
|
|
PLANUS PLANEJAMENTO E EXPLORAÇÃO PINUS LTDA |
|
15 3546-1311 |
|
SAO JOAO ALIM. LTDA |
|
|
|
TRANS-PAULIN TRANSP RODOV DE CARGAS LTDA |
|
14 3356-1487 |
PAYMENT
HISTORY
|
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 73.357,00 |
|
|
|
AMOUNT OF INVOICES PAID: 11 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 15.130,00 |
|
HIGHEST CREDIT: R$ 15.130,00 |
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.61.35 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.77.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.