Leasing

Domestic leasing for imported goods

LDPI (domestic leasing for imported goods) is a trading lease operation that allows companies to acquire imported products, with all advantages of an operation conducted in the domestic market.

In this financing operation for imported goods, the bank is the orderer of goods to be imported and Timbro is the importer.

Timbro offers the bank and its lease customer, a service structure for the entire import process, from goods pick-up service abroad to delivery at the site defined by the lessee, including all process phases.

Import process steps

1) The customer selects a product to buy from a supplier abroad and informs the product characteristics and details (model, price, dimensions, etc.) to Timbro;

2) With such information, Timbro produces a cost estimate spreadsheet. It will include all logistic and financial expenses, taxes etc., until the product delivery to the lessee;

3) The financial institution, after approving a credit limit for the operation – based on the end value of the spreadsheet, signs a contract with the lessee (ex.: a pre-lease agreement);

4) The financial institution sends the Purchase Order regarding the product selected by the customer, to be imported by the order of the financial institution, which will start the import operation itself;

5) Timbro pays the exporter and makes the arrangements for product transport to Brazil and product nationalization (payment of taxes and expenses) and invoices it to the financial institution;

6) The financial institution pays the full amount of the invoice to Timbro;

7) With the invoice issued, the financial institution signs the lease agreement with the customer;

8) Timbro delivers the goods at the place defined by the customer/lessee.

In addition, the customer and the financial institution don’t need to worry about any aspect related to the product import and nationalization processes, such as freight, insurance and customs clearance, as Timbro are responsible for these tasks.

Main characteristics and advantages

– Positive cash flow – The lessee’s resources won’t be required in any import phase, as the process will be funded by Timbro (FOB, freight, insurance, operating expenses, taxes, etc.);

– The lessee doesn’t need to acquire ‘radar’;

– The lessee doesn’t appear as the orderer to the Federal Revenue Service, the Central Bank and other bodies;

– Reduced cost of the imported goods, considering the gains and expertise of Timbro;

– Some imported goods in this operation system have lower indexes of ICMS (tax on goods) when imported by a trading than directly by the customer; this benefit is possible due to state alliances, applicable when goods are imported in this operation model;

– All import expenses, including taxes, may be incorporated into the financed amount;

– The lease payments (not including residual value) are fully discounted from the income tax and social contribution calculation base to companies that opt for the actual profit;

– The payments may be fixed in Real currency, with the possibility of balloon payments for cash flow adaptation;

– Allows credit of PIS/COFINS (Social Security contribution) on the payment amount, if the company operates in the non-cumulativeness system;

– The first payment may be 30 days after the technical acceptance of the equipment or within 180 days, according to the conditions defined with the financing bank.

Operation flow

1. The LEASING BANK approves the operation and places an order to TIMBRO, authorizing the goods import. TIMBRO analyzes the documents and starts the import process;

2. TIMBRO pays and calculates the exchange rate for the EXPORTER and buys the goods ordered by the LEASING BANK;

3. The EXPORTER sells the goods to TIMBRO;

4. TIMBRO conducts the goods importation and nationalization and then sale to the LEASING BANK;

5. The LEASING BANK signs the lease agreement with the CUSTOMER;

6. TIMBRO delivers the goods to the lessee.

leasing-fluxo