MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
TNL INDÚSTRIA MECÂNICA LTDA |
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Registered Office : |
Rodovia Raposo Tavares, km 381 S/N, Jardim Guaporé, 19915-022 – Ourinhos/SP |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
October 01, 1976 |
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Com. Reg. No.: |
12.187 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Heavy mechanical industry |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
TNL INDÚSTRIA MECÂNICA LTDA
Trade Name
TECNAL
Economical Group
ARY POCAY
Address
Rodovia Raposo Tavares, km 381 S/N
Jardim Guaporé
19915-022 – Ourinhos/SP - Brasil
Phone: (55-14)
3322-2544
Fax: (55-14)
3322-3532
E-mail: tnl@tecnal.ind.br
Web Site: www.tecnal.ind.br
Legal information
Legal Status: Private Limited Company
Incorporation date: October 01, 1976
Register number: 12.187
Tax contributor (CNPJ): 47.646.534/0001-53
Registered capital: R$2.900.000,00
State Registration #: 495.020.141.110
Number of employees: 336
History
Established on October 01, 1976, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 12.187, into the present registered name.
Partnership /
Management
ARY POCAY -
80,0%
(joined 10/1976), Brazilian, Married, CPF:
033.093.558-53
REYNALDO DE CARVALHO - 7,0%
(joined 01/2003), Brazilian, Married, CPF:
604.099.758-34
ANDRÉ MARCELO WLADECK SORGI - 6,5%
(joined 05/2006), Brazilian, Married, CPF:
547.755.159-34
ADRIANO WLADECK SORGI - 6,5%
(joined 05/2006), Brazilian, Single, CPF:
158.322.418-19
Properties
Own building, total area: 80.340 m², built up area: 15.376 m², valued at R$15.000.000,00
Other properties, valued at R$190.000,00
Registered
line of business:
Heavy mechanical industry
Main Products:
50% - equipment for extraction of vegetable
oils
35% - equipment for storage
15% - equipments for production of animal
ration
Purchases:
98% - domestic market
2% -
international market
Sales:
80% - domestic market
20% - international market
Related Companies
Stock participation:
TSG IND.MECÂNICA LTDA
CNPJ: 45.252.368/0001-85
- Ary Pocay -
82,00%
- Reynaldo de Carvalho - 9,00%
- Adriano Wladeck Sorgi - 4,50%
- André Marcelo Wladeck Sorgi - 4,50%
ANDRÉ M W SORGI
CNPJ: 03.187.407/0001-68
- André Marcelo Wladeck Sorgi -100,00%
TECNAL PROJETOS, ASSESSORIA E INSTALAÇÕES
CNPJ: 47.593.371/0001-98
- Ary Pocay -
67,00%
- Adriano Wladeck Sorgi - 16,50%
- André Marcelo Wladeck Sorgi - 16,50%
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged to file financial accounts for public inspection.
The following financial statement was obtained through outside sources consulted.
Balance sheet information for fiscal year
ending:
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
Assets
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2005 |
2004 |
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Current Assets |
16.928 |
18.146 |
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Inventory |
1.240 |
1.562 |
Other Assets
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15.688 |
16.584 |
Long Term
Assets
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5 |
5 |
Fixed
Assets
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2.288 |
2.257 |
Investment
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116 |
116 |
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Immovable |
2.172 |
2.141 |
Total
Assets
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19.221 |
20.408 |
Liabilities
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2005 |
2004 |
Current
Liabilities
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11.712 |
13.306 |
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Suppliers |
2.739 |
2.359 |
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Other liabilities |
8.973 |
10.947 |
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Long Term Liabilities |
346 |
629 |
Net Equity
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7.163 |
6.473 |
Capital
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2.900 |
2.900 |
Reserves
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1.509 |
3.573 |
Accumulated Profit (Loss)
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2.754 |
0 |
Total
Liabilities
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19.221 |
20.408 |
Income Statement
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2005 |
2004 |
Annual Net
Sales
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23.943 |
34.567 |
Gross
Income
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5.184 |
8.144 |
Operating
Income
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1.112 |
2.860 |
Net Income
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794 |
2.195 |
Financial Analysis
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2005 |
2004 |
Current Ratio
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1,44 |
1,36 |
Current Debt Ratio
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1,63 |
2,05 |
Total Debt Ratio
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2,68 |
3,15 |
Working Capital
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$5.216 |
$4.840 |
(Dollar rate US$1.00 = R$2,035 on 17/04/2007).
Banking
Banco Bradesco S/A. - branch
0044
Banco do Brasil S/A. - branch
0379
Banco Itaú S/A. -
branch 0146
Remark
: banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
No returned checks were found either in the name of the company or partners.
Insurance
Not informed
Payment information
983 invoices
Information on purchases:
MAR/2007 Last: R$3.865 Average: R$2.763
Information on invoicing:
DEC/2006 Highest: R$57.494 Average: R$10.752
Information on accumulation:
MAR/2006 Highest: R$219.573 Average: R$29.120
100% - prompt payments
Trade References
Main
Suppliers:
CESTARI INDUSTRIAL E COMERCIAL S/A
DETASA S/A IND E COM DE AÇO
DTS SÃO PAULO S/A IND. DE AÇO
ZAMPROGNA S/A IMP COM E IND
WEG INDS S/A
AÇOS GROTH LTDA
Main
clients:
HELMUT TESSMANN IND E COM DE ÓLEOS VEGETAIS
LTDA
CORN PRODUCTS BRASIL INGRED INDLS LTDA
COAMO AGROINDL COOP
COCAMAR COOP AGROINDUSTRIAL
BUNGE ALIMENTOS S/A
ADM DO BRASIL LTDA
Public Information
No negative information was found.
Remarks
Contacted Mr. Edson, we requested the balance sheet of 2006/2005/2004, however until the moment we didn't receive an answer.
The information in this report were obtained from outside sources and public records.
Final Opinion
Evaluating the available general information and the group which belongs, the company can be considered normal for business dealings at usual trade terms and conditions.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)