MIRA INFORM REPORT

 

 

Report Date :

28.11.2008

 

IDENTIFICATION DETAILS

 

Name :

HYVA DO BRASIL HIDRAULICA LTDA

 

 

Registered Office :

Rua Ernesto Zanrosso, 2794 Loteamento Jardim Italia - Santa Catarina  95030-310 - Caxias Do SUL/RS

 

 

Country :

Brazil

 

 

Date of Incorporation :

15.09.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Parts and Accessories for Motor Vehicles

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


name of the company

 

HYVA DO BRASIL HIDRAULICA LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA ERNESTO ZANROSSO, 2794 LOTEAMENTO JARDIM ITALIA - SANTA CATARINA

ZIP CODE/CITY:

95030-310 - CAXIAS DO SUL/RS

 

 

PHONE:

54 3209-3400

FAX:

54 3209-3414

E-MAIL:

hyva@hyva.com.br

WEB SITE:

www.hyva.com.br

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

15/09/1995

REGISTER DATE:

15/09/1995

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

00.805.870/0001-38

STATE REGISTER:

029/0282772

 

 

SHARE CAPITAL:

R$ 3.223.000,00

 

BOARD OF DIRECTORS:

 

 

 

ROGERIO LUIS DE ANTONI

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

HYVA TRANSPTECNIC (AUSTRIA)

99%

ROGERIO LUIS DE ANTONI

1%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

HYVA GROUP B.V. (NETHERLANDS)

 

HYVA INTERNATIONAL B.V. (NETHERLANDS)

 

HYVA ALTATEC PTY LTD (AUSTRALIA)

 

HYVA BALTIC SIA (LATVIA)

 

HYVA BELGIUM N.V. - S.A. (BELGIUM)

 

HYVA (CHINA) MECHANICS (YANGZHOU) CO. LTD. (CHINA)

 

HYVA-CS (CZECH REPUBLIC) S.R.O. (CZECH REPUBLIC)

 

HYVA FRANCE S.A.S. (FRANCE)

 

VERKAUFSBÜRO HYVA GEORG GMBH  (GERMANY)

 

HYVA GEORG GMBH (GERMANY)

 

HYVA HUNGÁRIA KFT.

 

HYVA IBÉRICA S.A. (SPAIN)

 

HYVA (INDIA) PVT. LTD. (INDIA)

 

HYVALIFT IRELAND LTD. (IRELAND)

 

AMCOVEBA (ITALY) (ITALY)

 

F.LLI FERRARI CORPORATION S.P.A. (ITALY)  (ITALY)

 

HYVA (MALAYSIA) SDN. BHD. (MALAYSIA)

 

HYVA MAROC SARL  (MAROCCO)

 

HYVA DE MEXICO, S. DE R. L. DE C. V. (MEXICO)

 

HYVA NEDERLAND (NEDERLANDS)

 

KENNIS` MACHINEFABRIEK B.V. (NETHERLANDS)

 

TECHNAMICS B.V. (PRODUCER OF THE HYVA LIFT PRODUCTS) (NETHERLANDS)

 

HYVA POLSKA SP.Z O.O. (POLAND)

 

HYVA ROMANIA S.R.L (ROMANIA)

 

HYVA RUSLAND (RUSSIA)

 

HYVA THAILAND LTD. (THAILAND)

 

HYVA (UK) LIMITED (UNITED KINGDOM)

 

HYVA (U.S.A) CORPORATION  (USA)

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 15, 1995 AS HYVA HIDRAULICA LTDA, TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ALTERED TO ABOVE-MENTIONED NAME.

 

THE COMPANY OPERATES WITH THE TRADE NAME: HYVA

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC RECORDS INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT AUTHORIZED TO DO SO.

 

OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,32

 - OFFICIAL RATE ON 26/11/2008

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

 

BANKING REFERENCES

 

NOT AVAILABLE

 

 

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

NOT AVAILABLE.

 

EXPORTS TO:

NOT AVAILABLE.

 

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE

 

 

 

STAFF:

 

THE COMPANY HAS: 150 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1995. SO FAR IT HAS A CLEAR TRADE HISTORY AND VERY GOOD PAYMENT BEHAVIOR.

 

THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED.

 

ALL THE SUPPLIERS, WHICH PROVIDED INFORMATION REPORTED PROMPT PAYMENTS, IT MAY BE NOTED SUBJECT HAS A VERY GOOD TRADE BEHAVIOR.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

NOT AVAILABLE

 

 

 

PAYMENT HISTORY:

 

15 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 802.311,00

 

AMOUNT OF INVOICES PAID: 190

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 39.959,00

HIGHEST CREDIT: R$ 39.959,00

 

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

2

2

R$ 9.294,00

 

 

FINAL OPINION

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.84

UK Pound

1

Rs.76.81

Euro

1

Rs.64.38

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions