MIRA INFORM REPORT

 

 

Report Date :

22.12.2007

 

IDENTIFICATION DETAILS

 

Name :

RHODIA POLIAMIDA E ESPECIALIDADES LTDA.

 

 

Registered Office :

Av. Maria Coelho de Aguiar,215  Bloco B – 1ºandar, Jardim São Luís, 05805-000 – São Paulo / SP

 

 

Country :

Brazil

 

 

Date of Incorporation :

June 07, 1967

 

 

Com. Reg. No.:

35.125.465.619

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Industry of resins of fibers and synthetic threads

 

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

 

RHODIA POLIAMIDA E ESPECIALIDADES LTDA.

 

 

Trade Name

 

RHODIA

 

 

Economical Group

 

RHODIANYL S N C

 

 

Address

 

Av. Maria Coelho de Aguiar,215  Bloco B – 1ºandar

Jardim São Luís, 05805-000 – São Paulo / SP - Brasil

Phone:              (55-11) 5906 0503

E-mail:              roberto@pexpress.com.br

Web Site:          www.rhodia.com

 

 

Legal information

 

Legal Status:                             Private Limited Company

Incorporation date:                     June 07, 1967

Register number #:                     35.125.465.619

Tax contributor (CNPJ):              15.179.682/0001-19

Registered Capital:                     R$721.766.810,00

State Registration #:                  104.971.819.116

Number of employees:                3.100

Branches:                                 29

 

 

History

 

Established on June 07, 1967, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.205.465.619, as Rhodia Ster Fipack Ltda. On July 01, 2000 the company changed into Rhodia Poliamida Ltda. On August 01, 2002 the subject adopted the present registered name.

 

*In July of 2003 the company incorporated Rhodia Acetow Brasil Ltda.

 

Shareholders:

Rhodianyl SNC                          (Joined 01/2001)                                    - 50,4%

France, CNPJ:05.714.049/0001-20

Rhodia Brasil Ltda.                     (Joined 06/2002)                                    - 42,4%

Brazil, CNPJ:57.507.626/0001-06

Rhodia Acetol                            (Joined 04/2003)                                    -  7,2%

France, CNPJ:05.687.004/0001-03

Management:

Marcos Antonio de Marchi                                                          - President Director

Brazilian, married, CPF:163.564.188-85

André Luis Rodrigues                                                                 - Financial director 

Brazilian, married, CPF:123.569.108-08

Osni de Lima                                                                             - Director Fin.Resources

Brazilian, married, CPF:055.378.008-53

Paulo Branco da Silva                                                                - Director

Brazilian, married, CPF:028.951.628-59

Mario Lindenhayn                                                                       - Director

Brazilian, married, CPF: 104.390.558-81

 

 

Properties

 

The company possesses immobile in the total value of R$304.061.810,00.

 

Registered line of business:

Industry of resins of fibers and synthetic threads

 

Marketed marks:

AMN AND RHODIANYL.

 

Import countries:

Africa of the South, United States of America and France

 

Export countries:

United States of America, Canada, France, Germany and Italy.

 

Purchases:

85% - Domestic market

15% - International market

 

Sales:

71% - Domestic market

29% - International market

 

 

Related Companies

 

Stock participation:

 

RHODIA POLIAMIDA BRASIL LTDA.                                           - CNPJ:74.532.136/0001-89

- Rhodia Brasil Ltda.                                                                   -  99,9%

- Rhodia Poliamida e Especialidades Ltda.                                   -   0,1%

RHOPART PARTICIPAÇÕES SERVIÇOS E COM. LTDA. - CNPJ:05.067.048/0001-30

- Rhodia Poliamida e Especialidades Ltda.                                   -  99,9%

ESSENCIS INCINERAÇÃO S/A.                                     - CNPJ:02.713.978/0001-26

- Rhodia Brasil Ltda.                                                                   -  33,7%

RECIPET REVALORIZAÇÃO DE PRODUTOS LTDA.                    - CNPJ:00.196.016/0001-11

- Rhodia Poliamida e Especialidades Ltda.                                   - 100,0%

BLUESTAR SILICONES BRASIL LTDA.                                       - CNPJ:07+790.648/0001-58

- Rhodia Poliamida e Especialidades Ltda.                                   -  70,0%

- Rhodia Brasil Ltda.                                                                   -  30,0%

HEXION ADESIVOS INDÚSTRIA E COMÉRCIO LTDA.                 - CNPJ:07.716.032/0001-37

- Rhodia Poliamida e Especialidades Ltda.                                   -  70,0%

- Rhodia Brasil Ltda.                                                                   -  30,0%

 

 

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$1,812 on 17/12/2007).

 

 

Banking

 

Banco Itaú S/A.             - branch            - 0912

Banco Bradesco S/A.     - branch            - 0665

Banco do Brasil S/A.      - branch            - 3070

 

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.

 

2.698 – Invoices:

 

Information on purchases:

DEC/2007              Last:                 R$11.726                  Average:                R$7.684

 

Information on invoicing:

NOV/2007             Highest:            R$156.223                 Average:                R$18.226

 

Information on accumulation:

JUN/2007              Highest:            R$4.728.820              Average:                R$84.721

 

96% - Prompt payments

02% - Delays from 08 up to 15 days

02% - Delays from 16 up to 30 days

 

 

Trade References

 

Main Suppliers:

Petroquímica União S/A.

Petrobrás Distribuidora S/A.

Andrade Açúcar e Álcool S/A.

Cia. De Gás de São Paulo – COMGÁS

Montclam Montagens Industriais S/A.

Unipar União de Industrias Petroquimicas S/A.

 

Main Suppliers Abroad:

Rhodia Inc                                             - USA

BP Chemicals Ltd                                  - Africa of the South

Rhodia Polyamde Intermediates              - France

 

Main clients:

Basf S/A.

Souza Cruz S/A.

Akzo Nobel Ltda.

Douat Cia. Textil

Policarbonatos do Brasil S/A.

 

 

Public Records Information

 

Up to December 17, 2007, negative information was found:

 

04 protested bills, on the amont of R$75.852,76:

06/DEC/2007 - R$   24,96 – Santo André/SP

28/NOV/2007 – R$   85,91 – Campinas/SP

27/NOV/2007 – R$  816,95 – Santo André/SP

05/NOV/2007 – R$1.942,50 – Santo André/SP

05/NOV/2007 – R$1.732,80 – Santo André/SP

 

19 Financial disputes, being the last five;

25/OCT/2007 – R$220,01 – Direcional

19/AUG/2007 – R$ 33,34 – DHL

16/AUG/2007 – R$ 83,79 - DHL

16/AUG/2007 – R$ 60,23 - DHL

16/AUG/2007 – R$ 30,80 - DHL

 

 

Remarks

 

The information in this report were obtained from outside sources and public records consulted.

 

 

Final Opinion

 

The subject is one of the main trading companies in Brazil, its activities are carried out on a global basis and the company has important suppliers all over the world.

 

In spite of we have not financial data, we believed that for the load of the company is possible to have trade relation with the subject company with amounts that fit to its economic-financial resources, under usual terms.

 

 

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