|
Report No. : |
328676 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUPICOR QUIMICA LTDA |
|
|
|
|
Registered Office : |
Rua Massaranduba,57 – Centro, 89107-000 - Pomedore/Sc |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
03.09.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trade and Manufacture of Pigments for the Textile Industry. |
|
|
|
|
No. of Employees : |
25 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Since 2008, Brazil became a net
external creditor and all three of the major 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.
After reaching historic lows of 4.5% in early 2014, the unemployment rate
remains low, but is rising. Brazil's traditionally high level of income
inequality has declined for each of the last 15 years. GDP growth has slowed
since 2011, due to several factors, including: overdependence on exports of raw
commodities, low productivity, high operational costs, persistently high
inflation, and low levels of investment. Brazil’s fiscal and current account
balances have eroded during the past four years as the government attempted to
boost economic growth through targeted tax cuts for industry and incentives to
spur household consumption. After winning re-election in October 2014 by a
historically narrow margin, President Dilma ROUSSEFF appointed a new economic
team led by Finance Minister Joaquim LEVY, who introduced a fiscal austerity
package intended to restore the primary account surplus to 1.2% of GDP and
preserve the country’s investment-grade sovereign credit rating. Brazil seeks
to strengthen its workforce and its economy over the long run by imposing local
content and technology transfer requirements on foreign businesses, by
investing in education through social programs such as Bolsa Familia and the
Brazil Science Mobility Program, and by investing in research in the areas of
space, nanotechnology, healthcare, and energy.
|
Source
: CIA |
AUPICOR QUIMICA
LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
RUA MASSARANDUBA,57 - CENTRO |
|
ZIP CODE/CITY: |
89107-000 - POMEDORE/SC |
|
|
|
|
PHONE: |
47 3387-0273 |
|
FAX: |
47 3387-6868 |
|
E-MAIL: |
sonia@aupicor.com.br |
|
WEB SITE: |
www.aupicor.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA EMÍLIO WACHHOLZ,151 - TESTO REGA |
|
ZIP CODE/CITY: |
89107-000 POMERODE/SC |
|
CNPJ: |
10.314.860/0002-34 |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
TRADE AND MANUFACTURE OF PIGMENTS FOR THE TEXTILE INDUSTRY. |
|
LEGAL FORM: |
LIMITED LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
03/09/2008 |
|
REGISTER DATE: |
03/09/2008 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
10.314.860/0001-53 |
|
STATE REGISTER: |
255.690.410 |
|
|
|
|
SHARE CAPITAL: |
R$ 400.000,00 |
|
LAST REGISTER OF CAPITAL: |
02/02/2009 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
GUNTHER PASOLD |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
GUNTHER PASOLD |
98% |
|
CHARLES ALEXANDRE PASOLD |
2% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
SUL COM. REPRESENTAÇÕES TEXTEIS
LTDA - ME |
|
COMPANY'S
BACKGROUND:
|
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 3, 2008 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. THE PARTNERS: GUNTHER PASOLD, BRAZILIAN, MARRIED, TRADER, HOLDER OF DOCUMENTS, CPF
352.327.309-91 AND RG 411.945-2 SSP/SC, RESIDENTIAL ADDRESS AT RUA ROBERTO
ZIEMANN, 5800, TRÊS RIOS DO NORTE - JARAGUÁ DO SUL/SC; CHARLES ALEXANDRE PASOLD, BRAZILIAN, SINGLE, TRADER, HOLDER OF
DOCUMENTS, CPF 034.711.059-21 AND RG 3.727.914-9 SSP/SC, RESIDENTIAL ADDRESS AT
RUA ROBERTO ZIEMANN, 5800, TRÊS RIOS DO NORTE - JARAGUÁ DO SUL/SC. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION:
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
25.201,76 |
23.771,83 |
31.106,29 |
|
CLIENTS |
1.182.308,67 |
1.108.872,16 |
720.739,81 |
|
INVENTORY |
5.877.813,60 |
3.807.426,76 |
2.887.846,17 |
|
ADVANCES |
714.337,58 |
104.368,55 |
66.155,28 |
|
RECOVERABLE TAXES |
24.526,23 |
16.544,42 |
17.668,50 |
|
PRE PAID EXPENSES |
13.939,43 |
31.539,84 |
14.316,50 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7.838.127,27 |
5.092.523,56 |
3.737.832,55 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
|
|
12.989,78 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
|
12.989,78 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
512.007,71 |
543.017,11 |
328.827,66 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
512.007,71 |
543.017,11 |
328.827,66 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
8.350.134,98 |
5.635.540,67 |
4.079.649,99 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
SUPPLIERS |
4.200.139,66 |
2.278.011,71 |
1.912.658,17 |
|
LOANS AND FINANCING |
1.352.273,55 |
1.496.711,21 |
750.627,00 |
|
ACCOUNTS PAYABLE |
35.213,50 |
30.318,25 |
5.778,25 |
|
TRIBUTARY OBLIGATIONS |
200.718,87 |
188.270,62 |
201.489,55 |
|
SOCIAL OBLIGATIONS |
62.121,92 |
38.009,22 |
22.477,07 |
|
LABOR OBLIGATIONS |
103.589,59 |
68.816,15 |
41.300,04 |
|
FREIGHTS PAYABLE |
17.009,59 |
7.803,70 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
5.971.066,68 |
4.107.940,86 |
2.934.330,08 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
400.000,00 |
400.000,00 |
400.000,00 |
|
ACCRUED PROFIT (LOSS) |
1.291.790,37 |
1.127.599,81 |
|
|
PROFIT RESERVES |
687.277,93 |
|
745.319,91 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.379.068,30 |
1.527.599,81 |
1.145.319,91 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
8.350.134,98 |
5.635.540,67 |
4.079.649,99 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2014, 31/12/2013 AND 31/12/2012. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
|
|
|
GROSS SALES |
20.114.614,63 |
15.607.404,61 |
11.921.443,06 |
|
(-) TAXES ON SALES |
2.792.934,78 |
2.470.985,34 |
2.416.619,89 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
17.321.679,85 |
13.136.419,27 |
9.504.823,17 |
|
(-) COST OF SOLD GOODS |
12.800.313,88 |
9.764.026,44 |
7.615.009,64 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
4.521.365,97 |
3.372.392,83 |
1.889.813,53 |
|
OPERATING REVENUE (EXPENSE) |
-3.184.691,16 |
-1.718.304,76 |
-1.456.571,18 |
|
FINANCIAL REVENUE(EXPENSE) |
-122.640,58 |
-468.898,57 |
-299.784,14 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.214.034,23 |
1.185.189,50 |
133.458,21 |
|
NON-OPERATING RESULT |
77.756,14 |
19.527,24 |
32.158,16 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.291.790,37 |
1.204.716,74 |
165.616,37 |
|
MONTHLY SALES |
|||
|
|
2015 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 1.538.438,11 |
|
|
|
FEBRUARY |
R$ 2.182.201,23 |
|
|
|
MARCH |
R$ 1.892.135,76 |
|
|
|
APRIL |
R$ 1.716.609,61 |
|
|
|
MAY |
|
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 7.329.384,71 |
|
|
|
RATIOS: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
QUICK RATIO |
,33 |
|
,31 |
|
,29 |
|
|
CURRENT RATIO |
1,31 |
|
1,24 |
|
1,27 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
14,65 |
TIMES |
11,85 |
TIMES |
13,19 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
24,57 |
DAYS |
30,39 |
DAYS |
27,30 |
DAYS |
|
INVENTORY TURNOVER |
2,18 |
TIMES |
2,56 |
TIMES |
2,64 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
118,13 |
DAYS |
83,99 |
DAYS |
90,42 |
DAYS |
|
RETURN ON ASSETS |
2,07 |
TIMES |
2,33 |
TIMES |
2,33 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
7,28 |
TIMES |
8,60 |
TIMES |
8,30 |
TIMES |
|
NET WORTH TIE-UP |
,22 |
|
,36 |
|
,29 |
|
|
INDEBTEDNESS |
2,51 |
|
2,69 |
|
2,56 |
|
|
EQUITY RATIO |
28,49 |
% |
27,11 |
% |
28,07 |
% |
|
WORKING CAPITAL RATIO |
31,27 |
% |
23,97 |
% |
27,38 |
% |
|
GENERAL SOLVENCY |
1,40 |
|
1,37 |
|
1,39 |
|
|
RETURN ON NET EQUITY |
54,30 |
% |
78,86 |
% |
14,46 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
7,46 |
% |
9,17 |
% |
1,74 |
% |
|
GROSS PROFIT MARGIN |
26,10 |
% |
25,67 |
% |
19,88 |
% |
|
OPERATIONAL RESULT |
7,01 |
% |
9,02 |
% |
1,40 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,90 |
TIMES |
3,20 |
TIMES |
3,24 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 3,13 |
- OFFICIAL RATE ON 29/06/2015 |
|
US$ 1,00 = R$ 2,65 |
- OFFICIAL RATE ON 31/12/2014 |
|
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: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS IS VERY HIGH BUT IT IS NOTED SATISFACTORY CURRENT RATIO
AND POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS GROWING SALES AND
PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
DETAIL OF RENTED/LEASED REAL ESTATE: |
|
|
|
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 3.070,00 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
40.000,00
|
MACHINES: |
NOT AVAILABLE
INSURANCE:
|
|
NOT AVAILABLE. |
BANKING
REFERENCES:
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
AG: 2474-0 / 47 3387-2421 |
|
|
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"). DATE RESEARCHED: JUNE 29, 2015. |
ACTIVITIES
COMMENTS:
|
|
TRADE AND MANUFACTURE OF PIGMENTS FOR THE TEXTILE INDUSTRY. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
CHINA AND INDIA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
PHONE: |
|
CIRCULO S/A |
|
47 3331-9500 |
|
KATEXTIL LTDA |
|
47 3387-8888 |
|
MALWEE MALHAS LTDA |
|
47 2107-7200 |
|
TIMAVO DO BRASIL S/A INDUSTRIA TEXTIL |
|
11 4487-6660 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 25 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT:
|
|
THE SUBJECT WAS ESTABLISHED IN 2008. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NORMAL PAYMENT BEHAVIOUR. 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: |
|
APARELHOS DE LABORATÓRIOS MATHIS LTDA |
|
11 3883-6750 |
|
LAMBERTI BRASIL PROD. QUIMICOS LTDA |
|
19 3466-9500 |
|
LINK COMERCIAL IMP. EXP. LTDA |
|
47 3242-8000 |
|
TRANSVILLE TRANSP. E SERVIÇOS LTDA |
|
47 3338-1722 |
|
PAYMENT HISTORY: |
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 32.493,00 |
|
|
|
AMOUNT OF INVOICES PAID: 13 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
TOTAL OF DELAYED PAYMENTS: 0 |
|
|
|
HIGHEST INVOICE: R$ 9.000,00 |
|
HIGHEST CREDIT: R$ 9.000,00 |
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. A CREDIT LIMIT OF USD 150.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.