MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION DETAILS
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Name : |
Rhodia Poliamida y Especialidades Ltda |
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Registered Office : |
Avenida dos Estados, 5852 2-Andar, Prédio Administrativo, 09290-520, Santo André, São Paulo |
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Country : |
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Date of Incorporation : |
October 23, 1996 |
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Com. Reg. No.: |
35.300.147.723 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Industry of Resins of Fibers and Synthetic Threads |
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 : |
Usually Correct |
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Litigation : |
Clear |
NAME & ADDRESS
Rhodia
Poliamida y Especialidades Ltda
Avenida dos Estados, 5852 2-Andar
Prédio Administrativo
09290-520
Santo André
Head information
Company name: RHODIA POLIAMIDA E ESPECIALIDADES LTDA
Trade Name: FISIBA
Address: Av. Maria Coelho de Aguiar,215-Bloco B-1º andar
Jardim
05804-902 – São Paulo/SP - Brasil
Phone: (55-11) 3741-7505
Fax: (55-11) 5548-1805
E-mail: imprensa@rhodia.com.br
Web Site: www.rhodiapoliamida.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: October 23, 1996
Economical Group: RHODIA
Register number: 35.300.147.723
Tax contributor (CNPJ): 15.179.682/0001-19
Registered capital: R$721.766.810,00
State Registration #: 104.971.819.116
Number of employees: 5.680
Branches: 17
Cities: Blumenau, Cabo de Santo Agostinho, Camaçari, Gaspar, Jacareí, Juiz de Fora, Paulínia, Poços de Caldas, Rio de Janeiro, Salvador, Santo André, São Bernardo do Campo and São Paulo
History
Established on October 23, 1996, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.300.147.723.
Previous corporate name:
Rhodia Poliamida Ltda
Rhodia – Ster Fipack Ltda
RHODIA POLIAMIDA E ESPECIALIDADES LTDA, is part of the multi
group RHODIA BRASIL, established in
“Rhodia, a global leader in speciality chemicals, is strongly engaged in sustainable development and has been present in Brasil since 1919. The Company has considerably contributed to the country’s industrial growth by providing products, services and solutions to the food, cosmetics, apparel, automotive, construction, healthcare, environmetal and new tecnology markets”.
The company incorporated in July, 2003 Rhodia Acetow Brasil Ltda.
Shareholders/Partnership:
RHODIANYL S.N.C. - (joined 01/2001) - 50,4%
CNPJ: 00.109.729/0001-09,
RHODIA BRASIL LTDA - (joined 06/2002) - 42,4%
CNPJ: 05.750.626/0001-06, Brazilian
RHODIA ACETOL - (joined 04/2003) - 7,2%
CNPJ: 00.114.894/0001-40,
Management:
MARCOS ANTÔNIO 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
Brazilian, Married, CPF: 055.378.008-53
PAULO BRANCO DA SILVA - Director
Brazilian, Married, CPF: 028.951.628-59
MÁRIO LINDENHAYN - Director
Brazilian, Married, CPF: 104.390.558-81
LUIZ CARLOS FERNANDES - Director
Brazilian, Married, CPF: 088.772.708-53
JOSÉ BORGES MATIAS - Director
Brazilian, Married, CPF: 006.020.678-04
Properties
It was not possible to get information about the real estates of the company.
Registered line of
business:
Industry of Resins of Fibers and Synthetic Threads
Purchases:
85% - domestic market
15% - international market
Sales:
71% - domestic market
29% - international market
Marketed marks:
AMN, RHODIANYL
Related Companies
Stock Participation:
LATEXPART – PARTICIPAÇÕES SERVIÇOS E COMÉRCIO
CNPJ: 07.716.032/0001-37
- Rhodia Poliamida Especialidades Ltda - 70,00%
- Rhodia Brasil Ltda - 30,00%
ESSENCIS INCINERAÇÃO S/A
CNPJ: 02.713.978/0001-26
- Rhodia Brasil Ltda - 33,70%
RHOPART PARTICIPAÇÕES SERVIÇOS E COMÉRCIO LTDA
CNPJ: 05.067.048/0001-30
- Rhodia Poliamida Especialidades Ltda - 99,90%
RHODIA POLIAMIDA BRASIL LTDA
CNPJ: 74.532.136/0001-89
- Rhodia Brasil Ltda - 99,90%
- Rhodia Poliamida Especialidades Ltda - 0,10%
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 without knowing the Enquirer’s name.
It was not possible to find out updated financial data through outside sources consulted. It was possible just the following data:
Balance sheet information for fiscal year ending:
31/12/2003 – US$1.00 = R$2,889
31/12/2002 – US$1.00 = R$3,535
31/12/2001 - US$1.00 = R$2,320
Figures are in (Thousands of) Reais R$:
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Assets |
2003 |
2002 |
2001 |
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Current Assets |
603.689 |
467.653 |
169.487 |
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Inventory |
141.022 |
133.531 |
64.687 |
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Other Assets |
462.667 |
334.122 |
104.800 |
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Long Term Assets |
217.607 |
106.532 |
68.832 |
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Fixed Assets |
386.991 |
388.450 |
231.136 |
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Investment |
206 |
0 |
1 |
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Immovable |
386.785 |
388.450 |
231.136 |
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Total Assets |
1.208.287 |
962.635 |
469.455 |
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Liabilities |
2003 |
2002 |
2001 |
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Current Liabilities |
442.086 |
350.406 |
100.973 |
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Suppliers |
163.440 |
181.166 |
36.994 |
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Other liabilities |
278.646 |
169.240 |
63.979 |
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Long Term
Liabilities |
2.173 |
7.082 |
4.890 |
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Net Equity |
764.028 |
605.147 |
363.592 |
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Total Liabilities |
1.208.287 |
962.635 |
469.455 |
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Income Statement |
2003 |
2002 |
2001 |
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Annual Net Sales |
1.515.158 |
993.662 |
488.229 |
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Gross Income |
273.287 |
216.234 |
86.264 |
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Operating Income |
103.935 |
131.643 |
23.243 |
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Net Income |
(72.526) |
114.654 |
21.645 |
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Financial Analysis |
2003 |
2002 |
2001 |
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Current Ratio |
1,37 |
1,33 |
1,68 |
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Current Debt Ratio |
0,58 |
0,58 |
0,28 |
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Total Debt Ratio |
1,58 |
1,59 |
1,29 |
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Working Capital |
$161.603 |
$117.247 |
$68.614 |
(Dollar rate US$1.00 = R$2,194 on 30/03/2006)
Banking
Banco do Brasil S/A - branch 0387
Banco Bradesco S/A - branch 0665
Banco Itaú S/A - branch 0912
HSBC Banck Brasil S/A - branch 1108
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
It is not available
Payment Information
1.273 invoices
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Information on
purchases: |
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MAR/2006 |
Last: |
R$1.186 |
Average: |
R$6.304 |
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Information on
invoicing: |
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APR/2005 |
Highest: |
R$122.538 |
Average: |
R$14.270 |
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Information on accumulation: |
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APR/2005 |
Highest: |
R$4.056.406 |
Average: |
R$91.126 |
93% - prompt payments
4% - delays from 06 to 15 days
3% - delays from 16 to 30 days
Trade References
Main Suppliers -
UNIPAR UNIÃO DE INDÚSTRIAS PETROQUÍMICAS S/A
CIA DE GAS DE SÃO PAULO - GOMGAS
Main Suppliers -
Exterior:
BP CHEMICALS LTD -
RHODIA INC -
RHODIA POLYAMIDE INTERMEDIATES -
Main clients:
Not informed
Public Information
Negative information was found.
44 protested
bills, the five last ones:
29/03/2006 R$2.043,92 Santo André/SP
29/03/2006 R$ 86,17 Santo André/SP
27/03/2006 R$ 83,73 São Paulo/SP
09/03/2006 R$1.771,19 Campinas/SP
08/03/2006 R$ 664,79 São Paulo/SP
01 State Lawsuits:
15/10/2002 R$4.962,63 Santo André/SP
08 Due debts don’t pág, the five last ones:
01/09/2005 R$ 563,74 Copy
10/08/2003 R$ 37,80 Copy
13/07/2003 R$ 156,73 Copy
05/05/2003 R$ 65,36 Copy
07/02/2003 R$ 85,56 Copy
Remarks
Contacted Mr. Makio – Dept. Accounting and Mr. Odair – Dept. Financial, it informed that would like to know the applicant's name.
The information in this report was obtained through outside sources and public records consulted.
Final Opinion
The consulted public files consist restrictions on behalf of the company, however, for the load of the company and the volumes of your activities, these, they are considered normal.
It is treated well of a company considered at the national and international market, your commercial relationships are good before the suppliers.
Based on overall information and the Group which belongs, we believed to be possible to maintain good commercial relationships with registered in periods and usual conditions.
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%)