MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASSOCIATED SPRING DO BRASIL LTDA. |
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Registered Office : |
Rua Wallace Barnes, 301 – Distr. Industrial 13054-701 Campinas / SP |
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Country : |
Brazil |
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Date of Incorporation : |
December 21, 1976 |
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Com. Reg. No.: |
35.200.918.752 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Industry of light mechanics. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Company name
ASSOCIATED SPRING DO BRASIL LTDA.
Economical Group
BARNES GROUP HOLDING
Address
Rua Wallace Barnes, 301 – Distr. Industrial
13054-701 Campinas / SP - Brasil
Phone: (55-19)
3225 9770 / 3725 1000 / 3725 1001
E-mail: asbg@asbg.com.br
Web Site: www.asbg.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: December 21, 1976
Register number #: 35.200.918.752
Tax contributor (CNPJ): 48.610.521/0001-97
Registered Capital: R$7.228.073,00
State Registration #: 244.027.839.113
Number of employees: 300
Branches: Not informed
History
Established on December 21, 1976, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.200.918.752, as Barnes Group Indústriae Comércio Ltda. On June 22, 1982 the company changed into Stumpp & Schuele do Brasil Indústria e Comérci Ltda. On November 09, 1998 the subject adopted the present registered name.
Shareholders:
(joined 11/1976)
Barnes Group Holding LLC - 99,8%
United States
American
Associeated Spring
Holding LLC - 0,1%
The WALLACE Barnes
Company - 0,1%
Management:
Marcelo Fabricio Vaz - Director
Brazilian, married, CPF: 135.704.328-74
Properties
Own building, valued at R$4.500.000,00
Registered line of business
Industry of light mechanics.
Import countries
Not informed.
Export countries
Not informed.
Related Companies
Stock participation:
Not informed.
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged to file financial accounts for public inspection.
It was not possible to find out financial statement through outside sources consulted.
(Dollar rate US$1.00 = R$1,746, on
01/11/2007).
Banking
Banco Itaú S/A. -
branch - 0009
Banco Itaubank S/A. -
branch - 00004
Banco do Brasil S/A. -
branch - 3360
Banco Santander Brasil S/A. -
branch - 0162
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
*Information obtained from outside sources
and public consulted.
239 – Invoices:
Information on purchases:
OCT/2007 Last: R$4.966 Average: R$1.943
Information on invoicing:
OCT/2006 Highest: R$19.540 Average: R$4.300
Information on accumulation:
NOV/2006 Highest: R$24.486 Average: R$5.374
94% - Prompt payments
04% - Delays from 08 up to 15 days
02% - Delays from 16 up to 30 days
Trade References
Main
Suppliers:
Aços Villares S/A
Castrol Brasil Ltda.
Rosler do Brasil Ltda.
Belgo Bekaert Arames Ltda.
Brasmetal Waelzholz S/A Industria e Comercio
Main
clients:
Robert Bosch Ltda.
Tecumseh do Brasil Ltda.
Moto Honda da Amazonia Ltda.
General Motors do Brasil Ltda.
Andréas Stihl Moto Serras Ltda.
Public Records Information
No negative information was found.
Remarks
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
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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. |
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%)