MIRA
INFORM REPORT
|
Report Date : |
18.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CONTINENTAL DO
BRASIL PRODUTOS AUTOMOTIVOS LTDA. |
|
|
|
|
Registered Office : |
Av. Duque de Caxias, 2422 – Jardim Promeça 13223-901 – Varzea
Paulista/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
2006 |
|
|
|
|
Date of Incorporation : |
25.07.1997 |
|
|
|
|
Com. Reg. No.: |
35.214.587.583 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Industry and Trade of Automotive Piece and
Accessories. |
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 |
Head information
Company name: CONTINENTAL DO BRASIL PRODUTOS
AUTOMOTIVOS LTDA.
Trade Name: CONTINENTAL TEVES
ECONOMICAL GROUP:
CONTINENTAL AKTIENGESELL
Address: Av. Duque de Caxias, 2422
– Jardim Promeça
13223-901 – Varzea Paulista/SP - Brazil
Phone: (55-11) 4596.8000 /
4595.1401 / 4596.2097
Fax: (55-11) 4696.8181
E-mail: conti@conti.cm.br
Web Site: www.cti-online.com
Legal information
Legal Status: Private
Limited Company
Incorporation date: July,
25,1997
Register number: 35.214.587.583
Tax contributor (CNPJ): 02.036.483/0001-00
Registered capital: R$502.486.274,00
on August, 15,2006
State Registration #: 712.000.683.114
Number of employees: 1.017
Branches: Av. Atlântica,
s/nº - Polo Petroquimico
42810-000 – Camaçari/BA
Phone: (55-71) 3642.8200
Av.
Nove de Julho, 2969
13280-056
– Judiai/SP
Phone:
(55-11) 4583.6162
History
Established on July, 25,1997,
chartered at the State Commerce Registration Office of São Paulo (JUCESP) under
number 35.214.587.583, into the present registered name.
Partnership: (joined 07/1997)
CONTINENTAL AKTIENGESELLSCHAFT -
99,9%
Alemanha.
CAOUTCHOUC EXPORT AKTIENGESELLSCHAFT - 0,1%
Alemanha.
Management:
PEDRO OLAVO SANTOS
CARREIRA - Shareholder Director
-Portuguesa,
Married, CPF-846.677.965-53
STEFAN PAUL -
Shareholder Director
-Aleman, Married, CPF-213.685.718-59
RENATO SARZANO -
Shareholder Director
-Brasileira,
Married, CPF-068.367.768-31
Properties
Not Informed
Registered line of business:
Industry and trade of automotive piece and
accessories.
Main products:
Brakes, tires, belts and hoses
Purchases/Sales:
100 - Domestic market
Related Companies
Stock
participation:
FAZENDA KANAXUE
S/A - CNPJ/MF-70.491.683/0001-02
-Continental do
Brasil Produtos Automotivos Ltda -
10,0%
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$2,372
31/12/2005 –
US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in
(Thousands of) Reais R$:
Assets
|
2006 |
2005 |
2004 |
|
Current Assets |
293.134 |
145.629 |
107.282 |
|
Inventory |
96.586 |
43.755 |
34.551 |
Other
Assets
|
196.548 |
101.874 |
72.731 |
Long Term Assets
|
88.307 |
46.294 |
14.041 |
Fixed Assets
|
839.083 |
581.123 |
150.113 |
Investment
|
9 |
100 |
651 |
|
Immovable |
755.767 |
559.902 |
148.307 |
Total Assets
|
1.220.524 |
773.046 |
271.436 |
Liabilities
|
2006 |
2005 |
2004 |
Current Liabilities
|
155.410 |
171.568 |
84.279 |
|
Suppliers |
97.391 |
115.232 |
40.469 |
Other liabilities
|
58.019 |
56.336 |
43.810 |
Net Equity
|
422.486 |
403.922 |
132.439 |
Capital
|
502.486 |
502.486 |
236.565 |
Reserves
|
1.552 |
1.552 |
1.157 |
Accumulated Profit (Loss)
|
(81.552) |
(100.116) |
(105.283) |
Total Liabilities
|
1.220.524 |
773.046 |
271.436 |
Income Statement
|
2006 |
2005 |
2004 |
Annual Net Sales
|
574.130 |
476.587 |
400.591 |
Gross Income
|
69.400 |
62.303 |
60.361 |
Operating Income
|
(3.320) |
7.607 |
15.858 |
Net Income
|
(5.2780 |
5.166 |
12.150 |
Financial Analysis
|
2006 |
2005 |
2004 |
Current
Ratio
|
1,88 |
0,84 |
1,27 |
Current
Debt Ratio
|
0,36 |
0,42 |
0,63 |
Total Debt
Ratio
|
0,34 |
0,52 |
0,48 |
Working
Capital
|
$137 |
(25.939) |
23.003 |
(Dollar rate
US$1.00 = R$1,658 on (17/04/2008).
Remark: It was not possible to find
the balance sheet year 2007 through outside sources consulted.
Banking
Banco Citibank S/A - branch 0001
Banco Itaubank S/A - branch 0004
Remark: banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
Up to April, 17,2008 no returned
checks were found either in the name of the company or partners.
Insurance
Not informed
Payment information
1.063 invoices
|
Information on purchases: |
||||
|
04/2008 |
Last: |
R$ 36.463
|
Average: |
R$ 8.983
|
|
Information on invoicing: |
||||
|
12/2007 |
Highest: |
R$ 335.740
|
Average: |
R$ 19.827
|
Information on accumulation:
|
||||
|
04/2008 |
Highest: |
R$ 482.754
|
Average: |
R$ 39.192
|
97% - prompt
payments
03% - Delays from
16 up to 30 days
Trade References
Main Suppliers:
DURA AUTOMOTIVE
SYSTEMS DO BRASIL LTDA
FRAS LE S/A.
TMD FRICTION DO
BRASIL S/A.
Main Clients:
FIAT AUTOMOVEIS S/A.
GENERAL MOTORS DO BRASIL LTDA
FORD MOTOR COMPANY BRASIL LTDA
VOLKSWAGEN DO BRASIL INDÚSTRIA DE VEÍCULOS
AUTOMOTORES LTDA
Public Information
16 protested bills, on the amount of
R$40.256,72, the five last:
02/04/2008 4.164,21 Ponta
Grossa/PR.
02/04/2008 3.346,59 Ponta
Grossa/PR.
25/02/2008 6.000,00 Jundiai/SP.
22/02/2008 1.437,48 Varzea
Paulista/SP.
22/02/2008 1.543,33 Varzea
Paulista/SP.
Remarks
Contacted Mr. Dany, Department Importation, we requested the balance
sheet of 2007/2006/2005, Subject declined to disclose any kind of information
without knowing the Enquirer’s name.
The information in this report were obtained from
outside sources and public records.
Final Opinion
Public records information shows
some detrimental information however, due to the company size and the level of
its operations it is considered normal that this kind of negative information
is found. Therefore, we point out that the trade reputation of the company is good despite of the detrimental
records.
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%)