MIRA
INFORM REPORT
|
Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VULCAN MATERIAL PLÁSTICO LTDA. |
|
|
|
|
Registered Office : |
Estrada do Colégio, 380 – Colégio, 21235-280 – Rio de Janeiro/RJ |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
September 15, 1948 |
|
|
|
|
Com. Reg. No.: |
33.206.674.811 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Production laminated plans and tubular of
plastics |
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 |
Company name
VULCAN MATERIAL PLÁSTICO LTDA.
Trade Name
VULVAN MATERIAL
Address
Estrada do Colégio, 380 - Colégio
21235-280 – Rio de Janeiro/RJ - Brasil
Phone: (55-21)
3362-2189
Fax: (55-21)
3362-2247
E-mail: abigail.carvalho@vulcan.com.br
Web Site: www.vulcan.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: September 15, 1948
Register number: 33.206.674.811
Tax contributor (CNPJ): 33.066.952/0001-67
Registered capital: R$114.407.382,00
State Registration #: 82.071.598
Number of employees: 625
Branches: 19
Cities: Guarulhos, Porto Alegre, Rio de Janeiro and São Paulo
History
Established on September 15, 1948, chartered at the State Commerce Registration Office of Rio de Janeiro (JUCERJA) under # 33.206.674.811, as Vulcan Material Plástico S/A. On February 12, 2001 into the present registered name.
“Vulcan has as objective the production laminated plastics. It is the largest producer Brazilian of films and laminated of PVC and your products are destined to the automobile markets, decoration, packings and gifts”.
Partnership:
ILP Participações S/A. (Joined 11/2006 ) -
99,0%
Brazil, CNPJ: 08.482.554/0001-84
Sebastião Luis Pereira de Lima (Joined 07/2004) - 1,0%
Brazilian, CPF: 855.844.798-53
Management: (11/2006 up to 11/2008)
Eudes Maria Regnier Pedro J.Orleans Bragança - President Director
Brazilian,
Married, CPF: 031.685.067-53
Luiz Carlos de Oliveira Cardoso -
Director Of Planning
Brazilian,
Married, CPF: 043.765.447-87
João Augusto Duarte Oliveira -
Commercial Director
Brazilian,
Married, CPF: 535.841.047-34
Geraldo Panitz Ripoll - Industrial
Director
Brazilian, Married, CPF: 395.787.630-34
Properties
Not informed.
Registered
line of business:
Production laminated plans and tubular of
plastics
Main Products:
27% - Automobile products
25% - Flexible packings
14% - Rigid packings (Blisters)
12% - Films for decoration
Purchases:
95% - domestic market
05% - international market
Sales:
90% - domestic market
10% - international market
Related Companies
Stock participation:
BRASCOM PARTICIPAÇÕES S/A. - CNPJ: 07.835.604/0001-05
- Sebastião Luis
Pereira de Lima - 93,4%
G. BRASIL PARTICIPAÇÕES S/A. - CNPJ: 03.746.270/0001-34
- Sebastião Luis Pereira de Lima - 94,8%
- Eudes Maria R.P.J. Orleans Bragança - 0,1%
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged to file financial accounts for public inspection.
The following financial statement was obtained through outside sources consulted.
Quarterly balance sheet as of 30/06/2007 –
US$1.00 = R$1,926
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
|
06/2007 |
2006 |
2005 |
|
Current Assets |
76.329 |
90.790 |
69.277 |
|
Inventory |
25.127 |
24.285 |
23.192 |
Other Assets
|
51.202 |
66.505 |
46.085 |
Long Term
Assets
|
125.720 |
131.196 |
25.402 |
Not Current Assets
|
163.239 |
150.447 |
141.727 |
Total
Assets
|
239.568 |
241.237 |
211.004 |
Liabilities
|
06/2007 |
2006 |
2005 |
Current
Liabilities
|
84.062 |
81.053 |
65.438 |
|
Suppliers |
29.240 |
33.165 |
30.590 |
Other liabilities
|
|
|
34.848 |
|
Long Term Liabilities |
42.345 |
45.777 |
23.732 |
Net Equity
|
113.161 |
114.407 |
121.834 |
Capital
|
114.407 |
327.394 |
327.394 |
Reserves
|
0 |
0 |
28.778 |
Accumulated Profit (Loss)
|
(1.246) |
(212.987) |
(234.338) |
Not Current Assets
|
155.506 |
114.407 |
145.566 |
Total
Liabilities
|
239.568 |
241.237 |
211.004 |
Income Statement
|
06/2007 |
2006 |
2005 |
Annual
Gross Sales
|
106.311 |
210.196 |
202.791 |
Annual Net
Sales
|
79.940 |
156.763 |
144.696 |
Gross
Income
|
12.494 |
23.566 |
12.817 |
Operating
Income
|
185 |
(13.918) |
(29.596) |
Net Income
|
(1.246) |
(8.992) |
(8.509) |
Financial Analysis
|
06/2007 |
2006 |
2005 |
Current Ratio
|
0,90 |
1,12 |
1,05 |
Current Debt Ratio
|
0,74 |
0,70 |
0,53 |
Total Debt Ratio
|
2,11 |
2,10 |
1,73 |
Working Capital
|
$(7.733) |
$9.737 |
$3.839 |
(Dollar rate US$1.00 = R$1,812 on
17/12/2007).
Banking
Banco Safra S/A. - branch
0057
ABN AMRO Real S/A. - branch 0839
Banco Bradesco S/A. - branch
2372
Banco Itaubank S/A. - branch
0002
Banco do Brasil S/A. - branch
2659
Remark
: banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
Up to date no returned cheques were found either in the name of the company or partners.
Insurance
|
Coverage |
Expiration |
Company |
Valued |
|
Automóvel |
06/2008 |
Não informado |
Não informado |
|
Riscos diversos |
06/2008 |
Não informado |
Não informado |
|
Responsabilidade Civil |
06/2008 |
Não informado |
Não informado |
Payment information
270 – Invoices:
Information on purchases:
DEC/2007 Last: R$504 Average: R$5.776
Information on invoicing:
NOV/2006 Highest: R$43.092 Average: R$7.444
Information on accumulation:
JAN/2007 Highest: R$65.788 Average: R$10.478
95 - Prompt payments
02 - Delays from 16 up to 30 days
03 - Delays from 30 up to 60 days
Trade References
Main
Suppliers:
Fimatec Têxtil Ltda
Exxonmobil Química Ltda
Fiação Alpina Nordeste S/A.
Solvay Indupa do Brasil S/A.
Ober S/A Indústria e Comércio
Chemtura Indústria Química do Brasil Ltda.
Main
clients:
Saint Gobain Vidros S/A.
Ricardo Dias Negri - ME
Moto Honda da Amazônia Ltda.
Ache Laboratórios Farmacêuticos S/A.
Vineplast Exportação e Importação Ltda.
Public Information
Up to date no negative information was
found.
Remarks
The information in this report were obtained from outside sources and public records.
Final Opinion
The company can be considered normal for business dealings at usual
trade terms and conditions.
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%)