MIRA
INFORM REPORT
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Report Date : |
15th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
IPIRANGA QUÍMICA S/A |
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Registered Office : |
Rua Antônio Carlos, 434 - 4º andar – parte-Consolação 01309-010-São Paulo/SP - Brasil |
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Country : |
Brasil |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
10.01.1990 |
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Com. Reg. No.: |
142.259 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of chemical products. |
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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Maximum Credit Limit : |
US$ 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Head information
Company name : IPIRANGA QUÍMICA S/A
Trade Name : IPIRANGA
Economical Group : IPIRANGA PETROLEO
Address : Rua Antônio Carlos, 434 - 4º andar – parte-Consolação 01309-010-São
Paulo/SP - Brasil
Tele/Fax : (55-11) 2195-9090
E-mail : wilson.ziolli@ipirangaquimica.com.br / fabio.costa@ipirangaquimica.com.br
Web Site : www.ipirangaquimica.com.br
Legal information
Legal Status : Joint Stock Company (Closed Capital)
Incorporation date : January 10, 1990
Register number : 142.259
Tax contributor (CNPJ) : 62.227.509/0001-29
Registered capital : R$294.532.698,00
State Registration : #: 112.557.353.110
Number of employees : 153
Branches : 28
Cities: Araucária/PR, Bauru, Betim/MG, Camaçari/BA, Canoas/RS, Duque de Caxias/RJ, Fortaleza/CE, Guarulhos/SP, Paulínia/SP, Recife/PE, Rio Grande/SP, Santos/SP, São Paulo/SP, Simões Filho/BA, Itajaí/SC, Rio de Janeiro/RJ, Maringá/PR, Osasco/SP, Londrina/PR e Ribeirão Preto/SP
History
Established on January 10, 1990,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) under
# 142.259, with the registered name of Ipiranga Comercial Química S/A. On
November 16, 2006 the subject changed to the present registered name.
In Janeiro/2003, it incorporated Forlab Chitec
S/A Comércio Internacional - CNPJ: 33.215.385/0001-63
Shareholders:
(joined 01/1990)
REFINARIA DE PETRÓLEO IPIRANGA S/A -
58,5%
Brazilian, CNPJ: 94.845.674/0001-30
CIA BRASILEIRA DE PETRÓLEO IPIRANGA - 41,4%
Brazilian, CNPJ: 33.069.766/0001-81
Other shareholders - 0,1%
Management: (04/2005 up to 04/2008)
FERNANDO RAFAEL ANSELMO ABRANTES - Superintendent Director
Brazilian, Married, CPF: 315.532.060-53
ROBERTO BASTOS TELLECHEA FILHO - Executive Director
Brazilian, Married, CPF: 190.713.700-97
EDUARDO EUGENIO GOUVEA VIEIRA - Executive Director
Brazilian, Married, CPF: 008.564.287-87
JOÃO PEDRO GOUVEA VIEIRA FILHO - Executive Director
Brazilian, Married, CPF: 008.563.207-49
BOLIVAR BALDISSEROTTO MOURA - Executive
Director
Brazilian, Married, CPF: 004.822.420-00
SÉRGIO SILVEIRA SARAIVA -
Executive Director
Brazilian, Married, CPF: 001.488.060-15
ELIZABETH SURREAUX RIBEIRO TELLECHEA - Director
Brazilian, Single, CPF: 287.137.960-20
ROBERTO DORA FERNANDES - Director
Brazilian, Married, CPF: 182.108.727-53
Management Board: (up to 04/2008)
SÉRGIO SILVEIRA SARAIVA -
President
CPF: 001.488.060-15
CARLOS ALBERTO MARTINS BASTOS - Vice President
CPF: 131.203.790-34
Members of the Board:
SOLON BRANDI SASTRE - CPF: 125.192.430-15
EDUARDO EUGENIO GOVEIA VIEIRA - CPF: 008.564.287-87
JOÃO FRANCISCO TELLECHEA FILHO - CPF: 005.568.070-49
ANGELO BASTOS TELLECHEA - CPF: 005.235.180-72
Properties
It owns several properties.
Other
properties:
Owner:
Refinaria de Petróleo Ipiranga S/A
Owner:
Cia Brasileira de Petróleo Ipiranga
Registered
line of business:
Trade of chemical products
Purchases:
79% - domestic market
21% - international market
Related Companies
Stock participation:
IPIRANGA PETROQUÍMICA S/A
CNPJ: 88.939.236/0001-39
- Ipiranga Comercial Química S/A - 86,90%
IPIRANGA QUÍMICA ARMAZENS GERAIS LTDA
CNPJ: 06.308.585/0001-98
- Ipiranga Comercial Química S/A - 85,00%
ISATEC PESQUISA DESENV.E ANALISES
CNPJ: 89.314.975/0001-06
- Refinaria de Petróleo Ipiranga S/A - 99,80%
- Roberto Bastos Tellechea Filho - 0,10%
CIA. BRASILEIRA DE PETRÓLEO IPIRANGA
CNPJ: 33.069.766/0001-81
- Refinaria de Petróleo Ipiranga S/A - 24,80%
DISTRIB.DE PRODS DE PETRÓLEO IPIRANGA
CNPJ: 92.689.256/0001-76
- Refinaria de Petróleo Ipiranga S/A - 15,30%
- Sérgio Silveira Saraiva - 9,90%
EMPR. CARIOCA DE PRODS QUÍMICOS S/A
CNPJ: 33.346.586/0001-08
- Cia. Brasileira de Petróleo Ipiranga - 99,90%
Financial Data
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
31/12/2003 - US$1.00 = R$2,889
Figures are in (Thousands of) Reais R$:
Assets
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2005 |
2004 |
2003 |
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Current
Assets |
128.816 |
115.625 |
84.086 |
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Inventory |
26.614 |
25.341 |
15.841 |
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Other
Assets |
102.202 |
90.284 |
68.245 |
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Long Term Assets |
14.072 |
9.695 |
2.264 |
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Fixed Assets |
606.284 |
391.498 |
37.260 |
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Investment |
556.026 |
341.292 |
272 |
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Immovable |
48.382 |
47.782 |
35.432 |
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Deferred |
1.876 |
2.424 |
1.556 |
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Total Assets |
749.172 |
516.818 |
123.610 |
Liabilities
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2005 |
2004 |
2003 |
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Current Liabilities |
56.860 |
66.103 |
46.685 |
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Suppliers |
31.937 |
32.339 |
32.916 |
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Other liabilities |
24.923 |
33.764 |
13.769 |
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Long
Term Liabilities |
314.045 |
268.604 |
254.335 |
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Net Equity |
378.267 |
182.111 |
(177.410) |
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Capital |
294.533 |
294.533 |
294.533 |
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Reserves |
85.840 |
85.840 |
85.840 |
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Accumulated Profit (Loss) |
(2.106) |
(198.262) |
(557.783) |
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Total Liabilities |
749.172 |
516.818 |
123.610 |
Income Statement
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2005 |
2004 |
2003 |
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Annual Net Sales |
419.095 |
441.573 |
380.200 |
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Gross Income |
73.069 |
80.981 |
69.823 |
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Operating Income |
191.481 |
352.529 |
114.944 |
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Net Income |
196.156 |
359.521 |
114.241 |
Financial Analysis
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2005 |
2004 |
2003 |
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Current
Ratio |
2,26 |
1,75 |
1,80 |
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Current
Debt Ratio |
0,15 |
0,36 |
-0,26 |
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Total
Debt Ratio |
1,98 |
2,84 |
-0,70 |
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Working
Capital |
$71.956 |
$49.522 |
$37.401 |
(Dollar rate US$1.00 = R$2,109 on 13/02/2007).
Banking
Banco
Itaú S/A. -
branch 0912
Banco
Bradesco S/A. -
branch 1334
Banco do
Brasil S/A. -
branch 1893
HSBC
Bank S/A.- Banco Múltiplo -
branch 0454
BankBoston
S/A.- Banco Múltiplo - branch
0001
Remark: banking comments
could not be obtained due to legal restrictions from the Brazilian Law.
Up to February 13, 2007 no returned
checks were found either in the name of the company or partners.
Insurance
It is not available
Payment Information
259 invoices
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Information
on purchases: |
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JAN/2007 |
Last: |
R$2.231
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Average: |
R$19.445
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Information
on invoicing: |
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NOV/2006 |
Highest: |
R$163.699
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Average: |
R$29.205
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Information on accumulation:
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OUT/2006 |
Highest: |
R$505.877
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Average: |
R$54.108
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95% - prompt payments
3% -
delays from 08 up to 15 days
1% -
delays from 16 up to 30 days
1% -
delays from 31 up to 60 days
Trade References
Main
Suppliers:
TINTAS CORAL LTDA
ACDC FACTORING FOMENTO MERCANTIL LTDA
PROGUS INVESTIMENTOS CONSULTORIA E
ASSESSORIA LTDA
COPERSUCAR COOP PROD CANA AÇÚCAR ÁLCOOL
UNIPAR COML E DISTRIBUIDORA S/A
ELEKEIROZ S/A
Main
clients:
Not informed
Public Information
Up to February 13, 2007, negative information
was found:
02 protested bills:
07/02/2007 R$363,85 Duque de Caxias/RJ
05/02/2007 R$389,37 Guarulhos/SP
Remarks
The information in this report were obtained from outside
sources and public records consulted.
Final Opinion
Based on the over all information
available it is believed that the subject is worthy for credit operations. A
credit limit of US$ 20,000 is considered to be feasible.
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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