|
Report No. : |
302343 |
|
Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FROG - INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS LTDA |
|
|
|
|
Registered Office : |
Avenida 12, Nº,2566 - Jardim Sao Paulo, 13503-019 - Rio Claro/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.08.2010 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of refractory paints and reselling chromite and graphite
fuel; special alloys, inoculants, and iron alloys in general for the entire
market of foundry and welding electrodes. |
|
|
|
|
No. of Employee : |
16 |
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 |
FROG - INDUSTRIA E
COMERCIO DE PRODUTOS QUIMICOS LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
AVENIDA 12, Nº,2566 - JARDIM SAO PAULO |
|
ZIP CODE/CITY: |
13503-019 - RIO CLARO/SP |
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|
|
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PHONE: |
19 3524-5266 |
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E-MAIL: |
financeiro@frogminerais.com.br |
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WEB SITE: |
www.frogminerais.com.br |
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BRANCHES: |
|
NOT AVAILABLE. |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF REFRACTORY PAINTS AND RESELLING CHROMITE AND GRAPHITE
FUEL; SPECIAL ALLOYS, INOCULANTS, AND IRON ALLOYS IN GENERAL FOR THE ENTIRE
MARKET OF FOUNDRY AND WELDING ELECTRODES. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
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INCORPORATION DATE: |
02/08/2010 |
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REGISTER DATE: |
02/08/2010 |
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BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
12.891.504/0001-28 |
|
STATE REGISTER: |
587.144.166.114 |
|
|
|
|
SHARE CAPITAL: |
R$ 30.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
FERNANDO GONCALVES DE SOUZA |
MANAGING PARTNER |
|
ISABELA ALVES DE LIMA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
FERNANDO GONCALVES DE SOUZA |
R$ 29.700,00 |
|
ISABELA ALVES DE LIMA |
R$ 300,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE. |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JULY 01, 1993 AS FROG-COMERCIO DE
MINERAIS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON MARCH 02, 2011
IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. PARTNERS: FERNANDO GONCALVES DE SOUZA, NACIONALIDADE BRASILEIRA, CPF:
853.932.581-00, RG/RNE: 3724739 - GO, RESIDENTE À RUA 30, 479, QUADRA D - CA,
JARDIM PAULISTA, RIO CLARO - SP. ISABELA ALVES DE LIMA, NACIONALIDADE BRASILEIRA, CPF: 317.809.178-56,
RG/RNE: 302801194 - SP, RESIDENTE À RUA 30, 479, QUADRA D - CA, JARDIM
PAULISTA, RIO CLARO - SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
28/02/14 |
VARA DE RIO CLARO/SP |
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 CASH EQUIVALENTS |
3.354.701,45 |
1.476.346,66 |
|
|
INVENTORY |
1.715.205,06 |
486.557,11 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
5.069.906,51 |
1.962.903,77 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
270.151,65 |
94.315,12 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
270.151,65 |
94.315,12 |
|
|
OFF-BALANCE
ACCOUNTS |
-160,52 |
|
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
5.339.897,64 |
2.057.218,89 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
SUPPLIERS |
349.040,93 |
292.195,74 |
|
|
FINANCING |
57.105,66 |
|
|
|
TAXES & CONTRIBUTIONS |
1.579.331,46 |
617.588,50 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1.985.478,05 |
909.784,24 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
30.000,00 |
30.000,00 |
|
|
PROFIT (LOSS) OF PERIOD |
2.206.984,94 |
|
|
|
PROFIT RESERVES |
1.117.434,65 |
1.117.434,65 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
3.354.419,59 |
1.147.434,65 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
5.339.897,64 |
2.057.218,89 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
|
GROSS SALES |
11.430.869,00 |
7.731.965,80 |
|
|
(-) TAXES ON SALES |
2.605.772,09 |
1.725.739,63 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
8.825.096,91 |
6.006.226,17 |
|
|
(-) COST OF SOLD GOODS |
5.306.605,87 |
4.521.451,51 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
3.518.491,04 |
1.484.774,66 |
|
|
OPERATING REVENUE (EXPENSE) |
-973.440,05 |
-551.292,04 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-22.669,33 |
|
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
2.522.381,66 |
933.482,62 |
|
|
CONTRIBUTION/INCOME TAX |
-315.396,72 |
-207.152,86 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
2.206.984,94 |
726.329,76 |
|
|
MONTHLY SALES |
|||
|
|
2014 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 994.816,73 |
|
|
|
FEBRUARY |
R$ 1.424.054,09 |
|
|
|
MARCH |
R$ 1.151.415,25 |
|
|
|
APRIL |
R$ 1.235.433,35 |
|
|
|
MAY |
R$ 1.297.963,50 |
|
|
|
JUNE |
R$ 867.402,81 |
|
|
|
JULY |
R$ 1.146.012,39 |
|
|
|
AUGUST |
R$ 1.762.135,17 |
|
|
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SEPTEMBER |
R$ 2.213.712,62 |
|
|
|
OCTOBER |
R$ 2.619.994,93 |
|
|
|
NOVEMBER |
R$ 1.707.082,48 |
|
|
|
DECEMBER |
R$ 1.238.017,41 |
|
|
|
TOTAL |
R$ 17.658.040,73 |
|
|
|
RATIOS: |
31/12/2013 |
31/12/2012 |
|
|
QUICK RATIO |
1,69 |
|
1,62 |
|
|
|
|
CURRENT RATIO |
2,55 |
|
2,16 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
|
|
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
|
|
|
|
|
|
|
INVENTORY TURNOVER |
3,09 |
TIMES |
9,29 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
23,68 |
DAYS |
23,26 |
DAYS |
|
|
|
RETURN ON ASSETS |
1,65 |
TIMES |
2,92 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
2,63 |
TIMES |
5,23 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,08 |
|
,08 |
|
|
|
|
INDEBTEDNESS |
,59 |
|
,79 |
|
|
|
|
EQUITY RATIO |
62,82 |
% |
55,78 |
% |
|
|
|
WORKING CAPITAL RATIO |
155,35 |
% |
115,75 |
% |
|
|
|
GENERAL SOLVENCY |
2,69 |
|
2,26 |
|
|
|
|
RETURN ON NET EQUITY |
65,79 |
% |
63,30 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
25,01 |
% |
12,09 |
% |
|
|
|
GROSS PROFIT MARGIN |
39,87 |
% |
24,72 |
% |
|
|
|
OPERATIONAL RESULT |
28,58 |
% |
15,54 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
4,44 |
TIMES |
6,60 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,69 |
- OFFICIAL RATE ON 08/01/2015 |
|
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 GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
750.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
75.137,82
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
2311-6 / (19) 3524-2329 |
|
|
BANCO ITAU S/A |
4890 / (19) 3523-5046 |
|
|
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 JANUARY 08, 2015. |
ACTIVITIES
COMMENTS
|
|
MANUFACTURE OF REFRACTORY PAINTS AND RESELLING CHROMITE AND GRAPHITE
FUEL; SPECIAL ALLOYS, INOCULANTS, AND IRON ALLOYS IN GENERAL FOR THE ENTIRE
MARKET OF FOUNDRY AND WELDING ELECTRODES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 16 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2010. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ALBASTEEL IND. E COM. DE LIGAS FUNDIÇÃO LTDA |
|
(11)2413-4700 |
|
AROMAT PRODUTOS QUIMICOS |
|
(11)4344-3906 |
|
CERBA DESTILARIA DE ALCOOL |
|
(19)3424-2333 |
|
CRIALE REPRESENTAÇÕES |
|
(11)3907-6103 |
|
DU METAIS |
|
(19)3431-1138 |
|
IBFL |
|
(11)4447-9100 |
|
MAYERCRYL COM. E IMPO. PRODUTOS QUÍMICOS LTDA |
|
(11)3271-1396 |
|
MOINHOS BRASIL LTDA |
|
(19)3535-4952 |
|
ZIRCONBRAS IND. COMERCIO LTDA |
|
(15)3282-3606 |
|
PAYMENT HISTORY: |
|
4 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 191.426,00 |
|
|
|
AMOUNT OF INVOICES PAID: 32 |
|
TOTAL OF PROMPT PAYMENTS: 97,9% |
|
TOTAL OF DELAYED PAYMENTS: 2,1% |
|
|
|
HIGHEST INVOICE: R$ 27.500,00 |
|
HIGHEST CREDIT: R$ 27.500,00 |
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. AN INITIAL CREDIT LIMIT OF USD 400.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
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.