MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ACE SCHMERSAL ELETROELETRÔNICA INDUSTRIAL
LTDA |
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Registered Office : |
Rodovia Boituva - Porto Feliz, km 12, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
December 01, 1967 |
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Com. Reg. No.: |
35.200.857.834 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Production of electronic equipments |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
ACE SCHMERSAL ELETROELETRÔNICA INDUSTRIAL
LTDA
Trade Name
ACE SCHMERSAL
Economical Group
KA SCHUMERSAL HOLDING
Address
Rodovia Boituva-Porto Feliz, km 12
Jardim Esplanada
18550-000 – Boituva/SP - Brasil
Phone: (55-15)
3263-9800 / 1440 / 1652
Fax: (55-15)
3263-9898
E-mail: gislene@aceschmersal.com.br
Web Site: www.aceschmersal.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: December 01, 1967
Register number: 35.200.857.834
Tax contributor (CNPJ): 61.854.147/0001-33
Registered capital: R$23.340.838,00
State Registration #: 219.002.872.110
Municipal
Registration#: 251-75
Number of employees: 227
Branches : 12 – in
History
Established on December 01, 1967, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.200.857.834
Previous Corporate name:
Ace Acessórios Elétricos Ltda
ACE Eletroeletrônica Industrial Ltda
“The company is present in Germany, Brazil, China and it possesses subsidiaries in Australia, Belgium, Denmark, Great Britain, Italy, Japan, Poland, Portugal, Sweden, Switzerland, Sweden and it USA.
The company will be transformed in center of world competence of some products of safety's line. It will also invest R$1 million in machines and equipments about of R$1,5 million to incorporate electronic versions of several products”.
Partnership
KA SCHMERSAL HOLDING GMBH & CO KG - 98,7%
(joined 02/1975), CNPJ: 05.720.138/0001-89
QUOTAS LIBERADAS - 1,3%
(joined 11/2005)
Management
DIETER ENTELMANN - Administrator
(joined 01/1996), German, Married, CPF:
696.176.008-20
Procurators
WALLACE JOSÉ NITA - CPF: 058.393.738-18
CLÁUDIO JOSÉ
NILSON CORREA DE LARA JÚNIOR - CPF: 882.913.758-87
LUIZ FERNANDO DE OLIVEIRA - CPF? 043.582.818-50
Properties
Not have
Registered
line of business:
Production of electronic equipments
Main Products:
26% - buttons of commands
17% - keys safety
15% - products for elevators
6% -
keys
Purchases:
90% - Domestic market
10% - International market
Sales:
50% - Domestic market
50% - International market
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. Themselves declined to disclose any kind of financial data.
The following financial statement was obtained through outside sources consulted.
Balance sheet information for fiscal year
ending:
31/12/2006 – US$1.00 = R$2,138
31/12/2005 – US$1.00 = R$2,341
Figures are in (Thousands of) Reais R$:
Assets
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2006 |
2005 |
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Current Assets |
20.355 |
15.891 |
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Inventory |
9.182 |
7.787 |
Other Assets
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11.173 |
8.104 |
Long Term
Assets
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214 |
214 |
Fixed
Assets
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6.921 |
6.343 |
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Immovable |
6.891 |
6.297 |
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Deferred |
30 |
46 |
Total
Assets
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27.490 |
22.448 |
Liabilities
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2006 |
2005 |
Current
Liabilities
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10.205 |
7.918 |
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Suppliers |
5.006 |
3.893 |
Other liabilities
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5.199 |
4.025 |
Long Term
Liabilities
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9.724 |
10.900 |
Net Equity
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7.561 |
3.630 |
Capital
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23.029 |
16.558 |
Reserves
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1.442 |
1.442 |
Accumulated Profit (Loss)
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(16.910) |
(14.370) |
Total
Liabilities
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27.490 |
22.448 |
Income Statement
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2006 |
2005 |
Annual Net
Sales
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42.065 |
39.123 |
Gross
Income
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17.333 |
16.386 |
Operating
Income
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1.317 |
1.361 |
Net Income
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1.648 |
893 |
Financial Analysis
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2006 |
2005 |
Current Ratio
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1,99 |
2,00 |
Current Debt Ratio
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1,34 |
2,18 |
Total Debt Ratio
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3,63 |
6,18 |
Working Capital
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$10.150 |
$7.973 |
(Dollar rate US$1.00 = R$1,899 on 09/07/2007).
Banking
Banco Bradesco S/A. -
branch 3372-3 Sorocaba/SP
Phone: (55-15) 3231-1886
Banco Itaú S/A. -
branch 0076 Sorocaba/SP
Phone: (55-15) 3233-9626
Banco Safra S/A. -
branch 04100 Sorocaba/SP
Phone: (55-15) 3224-4300
Banco do Brasil S/A. -
branch 7366-0 Sorocaba/SP
Phone: (55-15) 3331-8100
Remark
: banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
Up to July 09, 2007 no returned checks were found either in the name of the company.
Insurance
Not have
Payment information
334 invoices
Information on purchases:
JUL/2007 Last: R$2.396 Average: R$3.210
Information on invoicing:
MAR/2007 Highest: R$39.119 Average: R$9.574
Information on accumulation:
MAY/2007 Highest: R$90.481 Average: R$18.535
100% - prompt payments
Trade References
Main
Suppliers:
SCHEUERMANN HEILING DO BRASIL LTDA - Atibaia/SP
Phone: (55-11) 4411-1933
Phone: (55-11) 5641-2201
RADICI PLASTICS LTDA - Araçariguama/SP
Phone: (55-11) 4136-6500
NILSON ROBERTO MIRANDA & CIA LTDA - Iperó/SP
Phone: (55-15) 3266-1005
METALÚRGICA SINTERMET LTDA - Campinas/SP
Phone: (55-19) 3287-6700
Main
clients:
ELEVADORES ATLAS SCHINDLER S/A - Londrina/PR
Phone: (55-43) 3321-3403
THYSSENKRUPP ELEVADORES S/A - Guaíba/RS
Phone: (55-51) 3480-2700
ELEVADORES OTIS LTDA - São Bernardo do
Campó/SP
Phone: (55-11) 4344-3222
ELECTROMAN INDÚSTRIA COMÉRCIO LTDA - São Paulo/SP
Phone: (55-11) 5572-3116
Public Information
No negative information was found.
Remarks
Subject provided general information with relationship to the financial data, they declined.
The information in this report were obtained from outside sources and public records consulted.
Final Opinion
We believe it may be possible to have trade relation with the subject company with amounts that fit to its economic-financial resources, under usual terms.
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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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%)