MIRA INFORM REPORT

 

 

Report Date :

10th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

NORTEC QUIMICA S/A

 

 

Formerly Known as:

NORTEC QUÍMICA DESENVOLVIMENTO TECNOLÓGICOS

 

 

Registered Office :

Rua 17, Nº 200, Xerem Distrito Industrial, Nova Campinas, 25268-410 – Duque de, Caixas/RJ - Brasil

 

 

Country :

Brasil

 

 

Date of Incorporation :

20.10.1985

 

 

Com. Reg. No.:

1.657.714

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Industry of chemical products.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

Head information    

 

Company name : NORTEC QUIMICA S/A

 

Trade Name       : NORTEC QUÍMICA

 

Address            : Rua 17, Nº 200, Xerem Distrito Industrial, Nova Campinas, 25268-410 – Duque de

                          Caixas/RJ - Brasil

 

Phone               : (55-21) 3651-7331 / 7300

Fax                   : (55-21) 2679-1615

E-mail               : notecquimica@nortecquimica.com.br

Web Site           : www.nortecquimica.com.br

 

 

Legal information  

 

Legal Status                  : Joint Stock Company (Closed capital)

Incorporation date          : December 20, 1985

Register number            : 1.657.714

Tax contributor (CNPJ)   : 29.950.060/0001-57

Registered capital          : R$16.640.929,00

Number of employees     : Not informed

Branch                          : 03 – Rio de Janeiro

 

 

History 

 

Established on December 20, 1985, chartered at the State Commerce Registration Office of Rio de Janeiro (JUCERJA) under # 1.657.714,

 

Previus Corporate name:

 

October 28, 1998           Nortec Nordeste Química Desenvolvimento Técnicos.

 

September 25, 2002       Nortec Química Desenvolvimento Tecnológicos

 

Shareholders:

 

ALBERTO RAMY MANSUR                                54%

(joined 12/1985), Brazilian, Married, CPF: 221.442.697-34

 

NICOLAU PIRES LAGES                                   26%

(joined 12/1985), Brazilian, Married, CPF: 052.444.207-04

 

Other shareholders                                 20%

 

 

 

Management: (11/2006 up to 11/2007)

 

ALBERTO RAMY MANSUR                                President Director

 

NICOLAU PIRES LAGES                                   Superintendent Director

 

WALTER TRAJANO DE SÁ FILHO                      Production Director

Brazilian, Married, CPF: 500.409.017-34

 

Management Board:

 

ALBERTO RAMY MANSUR                                President

 

NICOLAU PIRES LAGES                                   Vice President

 

Members of the Boards:

 

MÁRCIO RAMY MANSUR

ROSE MARIE CAPANEMA MANSUR

JOSÉ EDUARDO BANDEIRA DE MELLO

 

 

Properties

 

Not informed

 

Registered line of business:

 

Industry of chemical products

 

 

Related Companies  

 

Stock Participation:        Not informed

 

 

Financial Data    

 

It was not possible to find financial data in consulted external sources.

 

 (Dollar rate US$1.00 = R$2,095 on 08/02/2007).

 

 

Banking

 

Remark: banking comments could not be obtained due to legal restrictions from the Brazilian Law.

 

Up to February 08, 2007 no returned cheques were foundeither in the name of the company or partners.

 

Insurance  

 

Not informed

 

 

Public Trade Payment  

 

The payment information was obtained through outside sources and public records consulted.

 

165 invoices

 

Information on purchases:

JAN/2007

Last:

R$627

Average:

R$2.277

Information on invoicing:

APR/2006

Highest:

R$16.904

Average:

R$3.654

Information on accumulation:

APR/2006

Highest:

R$16.904

Average:

R$3.890

 

95% - Prompt payments

 1% - Delays from 08 up to 15 days

 2% - Delays from 16 up to 30 days

 2% - More than 60 days

 

 

Trade References    

 

Suppliers:                    Not informed

 

Main clients:                Not informed

 

 

Public Records Information 

 

Up to February 08, 2007, no negative information was found.

 

 

Remarks

 

The information in this report were obtained 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/normal.

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

 

 

 

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