MIRA INFORM REPORT

 

 

Report Date :

20.08.2007

 

IDENTIFICATION DETAILS

 

Name :

FISCHER S/A AGROINDUSTRIA

 

 

Registered Office :

RUA João Pessoa, 305 – Centro, 15990-902 Matão / SP

 

 

Country :

Brazil

 

 

Date of Incorporation :

November 25, 1963

 

 

Com. Reg. No.:

35.300.021.703

 

 

Legal Form :

Joint Stock Company (Closed Capital)

 

 

Line of Business :

Orange juice industry

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 


Company name

 

FISCHER S/A AGROINDUSTRIA

 

 

Address

 

RUA João Pessoa, 305 – Centro

15990-902 Matão / SP - Brasil

Phone:              (55-16) 3383 8603

Fax:                  (55-16) 3382 1751

E-mail:              milton@citrosuco.com.br

Web Site:          www.grupofischer.com.br

 

 

Legal information

 

Legal Status:                             Joint Stock Company (Closed Capital)

Incorporation date:                     November 25, 1963

Register Number #:                    35.300.021.703

Tax contributor (CNPJ):              52.311.529/0001-20

Registered Capital:                     R$419.630.073

State Registration #:                  441.001.609.114

Number of employees:                1.009

Branches:                                 67

 

 

History

 

Established on November 25, 1963, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under #35.300.021.703, as Citrosuco Paulista S/A. Indústria e Comércio.On February 10, 1978 the company changed into Citrosuco Paulista S/A. On April 30, 2004 the subject adopted the present registered name.

 

Shareholders/Partnership:

 

Fischer S/A. Com.e Ind. e Agricultura      (01/1971)           - 62,7%

Brazil, CNPJ: 33.010.786/0001-87

Bianca Helena Fischer de Moraes           (04/2004)           -  2,7%

Brazilian, CPF: 928.171.817-00

Alessandra Fischer de Souza Santos      (04/2004)           -  2,7%

Brazilian, CPF: 014.145.057-60

Ana Luisa Fischer Marcondes Ferraz       (04/2004)           -  2,7%

Brazilian,CPF: 011.060.107-60

Outhers shareholders                                                     - 29,20

 

Administrators:

Guilherme de Souza Santos                               - Executive director

Brazilian married, CPF: 829.188.487-00

Márcio José Camargo Ziglio                                - Executive director

Brazilian,married, CPF: 792.456.418-72

Maurílio Lobo Filho                                             - Executive director

Brazilian, married, CPF: 024.692.828-02

José Lopes Celidonio                                         - Executive director

Brazilian, married, CPF: 762.458.618-53

Antônio Francisco Armelin Gomes                      - Executive director

Brazilian, married, CPF: 567.282.048-49

 

Council of Administration:

 

Maria do Rosário Fischer                                    - President

Alessandra Fischer de Souza Santos                  - Counselor

Bianca Helena Fischer de Moraes                       - Counselor

Renata Fischer Fernandes                                  - Counselor

Ana Luisa Fischer Marcondes Ferraz                   - Counselor

 

 

Properties

 

Not informed.

 

Registered line of business:

Orange juice industry

 

Import countries:

Not informed.

 

Export countries:

Not informed.

 

 

Related Companies

 

Stock participation:

 

MULTISOM COMUNICAÇÕES LTDA.                              - CNPJ:02.343.425/0001-29

Márcio José Camargo Ziglio                                            - 30,%

UNITA COM. IMP. E EXPORTAÇÃO LTDA.                     - CNPJ:02.140.404/0001-06

Ana Luisa Fischer Marcondes Ferraz                               - 50,0%

Bianca Helena Fischer de Moraes                                   - 50,0%

PIRÂMIDE BRAZIL COM. DE FERRAGENS LTDA           -CNPJ: 66.764.473/0001-73

Ronaldo Marfori Sampaio                                                - 50,0%

ALIANÇA S/A IND.NAVAL E EMPR.NAVEGAÇÃO          - CNPJ: 33055.732/0001-38

Ana Luisa Fischer Marcondes Ferraz                               - 12,5%

Alessandra Fischer de Souza Santos                              - 12,5%

Bianca Helena Fischer de Moraes                                   - 12,5%

 

 

Financial Data

 

It was not possible to find out financial statement through outside sources consulted.

 

(Dollar rate US$1.00 = R$2,112 on 16/08/2007).

 

 

 

 

 

Banking

 

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

 

997 – Invoices:

 

Information on purchases:

AUG/2007             Last:                 R$33.227                  Average:                R$7.290

 

Information on invoicing:

SEP/2006              Highest:            R$1.768.012              Average:                R$24.195

 

Information on accumulation:

NOV/2006             Highest:            R$13.148.440            Average:                R$125.936

 

95% - Prompt payments

04% - Delays from 08 up to 15 days

01% - Delays from 16 up to 30 days

 

 

Trade References

 

Main Suppliers:

 

Savon Ind. Com. Importação e Exportação Ltda.

Cocamar Cooperativa Agroindustrial

Phelps Dodge Brasil Ltda.

Soufer Industrial Ltda.

Tuper S/A.

 

Main clients:

 

Not informed.

 

 

Public Information

 

Negative information was foun:.

 

01 Protest:

March 26, 2007

R$ 560,00         - Limeira /SP

 

01 Financial dispute:

July 20, 2007

R$ 485,09 - Tegon

 

 

Remarks

 

Contacted Mr. Milton Mastria, 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 consulted.

 

 

Final Opinion

 

As no financial statement could be obtained, it is impossible to analyze the financial situation of the company under review, and to make credit rating.

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions