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MIRA INFORM REPORT
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Report No. : |
492372 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRISMA COMERCIAL EXPORTADORA DE
OLEOQUÍMICOS LTDA |
|
|
|
|
Registered Office : |
Rua Sinimbu, 1878 - Sala 802 – Centro, 95020-002 - Caxias Do Sul/Rs |
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Country : |
Brazil |
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|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
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Date of Incorporation : |
06.12.2007 |
|
|
|
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Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Import and Export of Oil Chemicals and Biofuel Products. |
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|
|
|
No. of Employees : |
46 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Brazil is the eighth-largest economy in the world, but is recovering
from a recession in 2015 and 2016 that ranks as the worst in the country’s
history. Falling commodity prices reduced export revenues and investment, which
weakened the Brazilian real and cut tax revenues. The weaker real made existing
public debt, which was largely denominated in foreign currency, more expensive.
Lower tax revenues strained the government budget.
Economic reforms, proposed in 2016, aim to slow the growth of government
spending and reduce barriers to foreign investment. Government spending growth
helped to push public debt to 78% of GDP at the end of 2017, up from 50% in
2012. Policies to strengthen Brazil’s workforce and industrial sector, such as
local content requirements, may have boosted employment at the expense of
investment.
Former President Dilma ROUSSEFF was impeached and convicted in August
2016 for moving funds among government budgets; the economy has also been affected
by multiple corruption scandals involving private companies and government
officials. Sanctions against the firms involved — some of the largest in Brazil
— has limited their business opportunities, producing a ripple effect on
associated businesses and contractors. In addition, investment in these
companies has declined because of the scandals.
Brazil is a member of the Common Market of the South (Mercosur), a trade
bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and
Russian financial crises, Mercosur adopted a protectionist stance to guard
against exposure to the volatility of foreign markets. Brazil and its Mercosur
partners have pledged to open the bloc to more trade and investment, but
changes require approval of all five members, which makes policy adjustments
too difficult to enact.
|
Source
: CIA |
Company
name
PRISMA
COMERCIAL EXPORTADORA DE OLEOQUÍMICOS LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
RUA SINIMBU, 1878 - SALA 802 – CENTRO, |
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ZIP CODE/CITY: |
95020-002 - CAXIAS DO SUL/RS |
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PHONE: |
54 3226-6586 |
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FAX: |
54 3226-6586 |
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E-MAIL: |
matheus@prismabrazil.com |
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WEB SITE: |
www.prismabrazil.com |
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INQUIRY DETAILS: |
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||
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GIVEN ADDRESS: |
1878
SINIMBU STREET, OFFICE 802, CENTRO CAXIAS DO SUL RS 95050-002 |
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REMARK: |
THE INFORMED ADDRESS IS INCORRECT, THE CORRECT ONE IS STATED ABOVE |
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BRANCHES: |
|
|
|
|
|
ADDRESS: |
AV. ROLF WIEST, 277 - SALAS 509 E 511 - BOM RETIRO, |
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ZIP CODE/CITY: |
89223-005 JOINVILLE/SC |
|
|
|
|
ADDRESS: |
RUA MARIANO JATAHY FERRAZ, 115
– CENTRO, |
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ZIP CODE/CITY: |
13170-017 SUMARE/SP |
|
|
|
|
ADDRESS: |
RODOVIA BR 280, KM 29,5, Nş 3203 - PORTO GRANDE, |
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ZIP CODE/CITY: |
89245-000 ARAQUARI/SC |
|
|
|
|
ADDRESS: |
RUA PEDRO VERGILIO RICOBOM, 457 – MACHADOS, |
|
ZIP CODE/CITY: |
88373-300 NAVEGANTES/SC |
|
|
|
|
ADDRESS: |
RUA DR. JOSE PACIFICO PEREIRA, 93 – VIAGEM, |
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ZIP CODE/CITY: |
51130-610 RECIFE/PE |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
IMPORT AND EXPORT OF OIL CHEMICALS AND BIOFUEL PRODUCTS. |
|
LEGAL FORM: |
Limited
Liability Company |
|
|
|
|
INCORPORATION DATE: |
06/12/2007 |
|
REGISTER DATE: |
06/12/2007 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER (CNPJ): |
09.267.863/0001-02 |
|
STATE REGISTER: |
029/0521530 |
|
|
|
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SHARE CAPITAL: |
R$ 3.000.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MATHEUS MAZZOTTI BALESTRO |
MANAGING PARTNER |
|
MOISES GARCIA DA ROCHA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
MOISES GARCIA DA ROCHA |
50% |
|
MATHEUS MAZZOTTI BALESTRO |
50% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE
SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
PRISMA COMERCIO E IMPORTAÇĂO DE
BRINQUEDOS LTDA - ME |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON DECEMBER 06, 2007 AS "AGAPLAST REPRESENTAÇŐES
COMERCIAIS LTDA" TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT
ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "PRISMA". BUSINESS ADDRESS HAS CHANGED FROM (AVENIDA JULIO DE CASTILHOS, 2101
SALA 62 - CENTRO, CAXIAS DO SUL/RS) TO THE PRESENT REGISTERED ONE. PARTNERS: MATHEUS MAZZOTTI BALESTRO: BRAZILIAN, SINGLE, ENTREPRENEUR,
RESIDENTIAL ADDRESS AT RUA BENTO GONÇALVES, 2159, APTO 32, CENTRO, ZIP CODE
95020-412, CAXIAS DO SUL/RS, HOLDER OF DOCUMENTS RG 9092453902 SJS/RS AND CPF
017.425.860-74; MOISÉS GARCIA DA ROCHA: BRAZILIAN, SINGLE, ENTREPRENEUR, RESIDENTIAL
ADDRESS AT RUA ANTONIO HARITSCH, 126 P4 L1, BOM RETIRO, ZIP CODE 89222-073, JOINVILLE/SC,
HOLDER OF DOCUMENTS RG 21001819916 SJS/RS AND CPF 009.770.220-05. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC RECORDS
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
8.474.030,10 |
6.034.269,72 |
2.477.885,94 |
|
CLIENTS |
22.999.065,71 |
25.100.312,34 |
21.310.286,42 |
|
ADVANCES |
10.646.081,36 |
5.218.415,26 |
3.134.516,01 |
|
TAX CREDITS |
|
553.666,79 |
698.259,82 |
|
INVENTORY |
6.384.707,67 |
3.648.466,74 |
1.008.824,63 |
|
JUDICIAL DEPOSITS |
|
9.238,92 |
|
|
PRE PAID EXPENSES |
13.653,96 |
|
1.004,95 |
|
TAXES IN ADVANCE |
4.805.104,46 |
|
|
|
NOTES RECEIVABLE |
603.657,64 |
|
|
|
COLLECTION CHEQUES |
33.843,76 |
|
|
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BANKS-ESCROW ACCOUNT |
523.640,15 |
|
|
|
IMPORTS IN PROGRESS |
2.716.084,77 |
|
|
|
OTHER |
203.761,25 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
57.403.630,83 |
40.564.369,77 |
28.630.777,77 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
2.160,00 |
1.620,00 |
1.080,00 |
|
FIXED ASSETS |
4.700.094,91 |
1.540.089,68 |
932.477,45 |
|
INTANGIBLE |
22.385,69 |
28.331,04 |
32.271,87 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
4.724.640,60 |
1.570.040,72 |
965.829,32 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
62.128.271,43 |
42.134.410,49 |
29.596.607,09 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SUPPLIERS |
14.203.296,81 |
12.520.254,59 |
8.707.736,34 |
|
SOCIAL / LABOR OBLIGATIONS |
283.762,16 |
151.761,47 |
52.617,74 |
|
TRIBUTARY OBLIGATIONS |
20.297,41 |
169.723,20 |
753.302,86 |
|
BANKING DEBTS |
32.133.805,03 |
5.071.027,40 |
3.297.409,22 |
|
ADVANCE FROM EXPORTS |
|
1.028.002,06 |
1.917.580,41 |
|
ADVANCE TO EXCHANGE CONTRACT |
|
17.180.039,75 |
6.722.637,49 |
|
ADVANCE FROM CLIENTS |
5.891.465,34 |
2.591.484,00 |
5.333.238,57 |
|
DEBT WITH RELATED PARTIES |
|
|
17.942,67 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
153.052,69 |
|
|
|
IMPORTS IN PROGRESS |
2.631.135,02 |
|
|
|
OTHER |
407.694,47 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
55.724.508,93 |
38.712.292,47 |
26.802.465,30 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
958.633,95 |
|
205.057,61 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
958.633,95 |
|
205.057,61 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.000.000,00 |
1.000.000,00 |
397.750,00 |
|
ACCRUED PROFIT (LOSS) |
4.445.128,55 |
2.422.118,02 |
2.191.334,18 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
5.445.128,55 |
3.422.118,02 |
2.589.084,18 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
62.128.271,43 |
42.134.410,49 |
29.596.607,09 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
GROSS SALES |
213.303.180,03 |
201.994.454,97 |
106.495.587,60 |
|
(-) TAXES ON SALES |
12.385.219,86 |
11.589.011,96 |
9.661.601,50 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
200.917.960,17 |
190.405.443,01 |
96.833.986,10 |
|
(-) COST OF SOLD GOODS |
182.427.532,98 |
177.155.022,76 |
90.489.058,77 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
18.490.427,19 |
13.250.420,25 |
6.344.927,33 |
|
OPERATING REVENUE (EXPENSE) |
-11.515.138,26 |
-1.813.398,13 |
-1.349.661,78 |
|
FINANCIAL REVENUE (EXPENSE) |
-1.867.685,93 |
-8.127.002,50 |
-1.508.286,53 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
5.107.603,00 |
3.310.019,62 |
3.486.979,02 |
|
NON-OPERATING RESULT |
|
|
24.378,91 |
|
CONTRIBUTION/INCOME TAX |
-1.609.441,61 |
-1.279.235,78 |
-1.187.892,94 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.498.161,39 |
2.030.783,84 |
2.323.464,99 |
|
MONTHLY SALES |
|||
|
|
2017 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 17.564.934,53 |
|
|
|
FEBRUARY |
R$ 14.315.210,58 |
|
|
|
MARCH |
R$ 17.837.871,33 |
|
|
|
APRIL |
R$ 17.991.347,58 |
|
|
|
MAY |
R$ 25.710.483,47 |
|
|
|
JUNE |
R$ 18.863.483,93 |
|
|
|
JULY |
R$ 24.356.632,22 |
|
|
|
AUGUST |
R$ 30.223.073,49 |
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
166.863.037,13 |
|
|
|
RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK RATIO |
,92 |
|
,95 |
|
1,03 |
|
|
CURRENT RATIO |
1,03 |
|
1,05 |
|
1,07 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,74 |
TIMES |
7,59 |
TIMES |
4,54 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
41,21 |
DAYS |
47,46 |
DAYS |
79,23 |
DAYS |
|
INVENTORY TURNOVER |
28,57 |
TIMES |
48,56 |
TIMES |
89,70 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
28,03 |
DAYS |
25,44 |
DAYS |
34,64 |
DAYS |
|
RETURN ON ASSETS |
3,23 |
TIMES |
4,52 |
TIMES |
3,27 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
36,90 |
TIMES |
55,64 |
TIMES |
37,40 |
TIMES |
|
NET WORTH TIE-UP |
,86 |
|
,45 |
|
,36 |
|
|
INDEBTEDNESS |
10,41 |
|
11,31 |
|
10,43 |
|
|
EQUITY RATIO |
8,76 |
% |
8,12 |
% |
8,75 |
% |
|
WORKING CAPITAL RATIO |
3,01 |
% |
4,78 |
% |
6,82 |
% |
|
GENERAL SOLVENCY |
1,10 |
|
1,09 |
|
1,10 |
|
|
RETURN ON NET EQUITY |
64,24 |
% |
59,34 |
% |
89,74 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,74 |
% |
1,07 |
% |
2,40 |
% |
|
GROSS PROFIT MARGIN |
9,20 |
% |
6,96 |
% |
6,55 |
% |
|
OPERATIONAL RESULT |
2,54 |
% |
1,74 |
% |
3,60 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,61 |
TIMES |
4,92 |
TIMES |
3,61 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
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 HAS ACCEPTABLE CURRENT RATIO AND
POSITIVE WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM
DEBTS. FURTHER, IT SHOWS GROWING SALES AND POSITIVE RESULT. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
0207 / 54 3214-3175 |
CAXIAS DO SUL/RS |
|
BANCO SANTANDER (BRASIL) S/A |
0278 / 54 3203-5157 |
|
|
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
|
|
IMPORT AND EXPORT OF OIL CHEMICALS AND BIOFUEL PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ARGENTINA, UNITED STATES. |
EXPORTS TO:
|
RUSSIA, SINGAPORE, CHINA, UNITED STATES. |
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
APEIRON AGROCOMMODITIES PTE LTDA |
SINGAPORE |
|
|
JIANGSU HORIZON TRADE CORP., LTD |
CHINA |
|
|
SINOPHARM FORTUNE WAV COMPANY |
CHINA |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 46 EMPLOYEES |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2007. SO FAR
IT HAS A CLEAR TRADE HISTORY AND VERY GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL 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: |
|
BUNGE ALIMENTOS S/A |
|
11 3164-4760 |
|
JBS S/A |
|
11 3144-4863 |
|
PETROBRÁS BIOCOMBUSTÍVEIS S/A |
|
71 3348-8606 |
|
PAYMENT HISTORY: |
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
AMOUNT OF INVOICES PAID: 463 |
|
TOTAL OF PROMPT PAYMENTS: 98,2% |
|
TOTAL OF DELAYED PAYMENTS: 1,8% |
|
|
|
HIGHEST INVOICE: R$ 414.957,00 |
|
HIGHEST CREDIT: R$ 414.957,00 |
FINAL
OPINION
|
|
BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.94 |
|
BRL |
1 |
INR 19.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.