MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
IPIRANGA QUIMICA S/A |
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Registered Office : |
Avenida Angelica 2346, 14° E 15°. Andares Consolacao 01228-200 |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
10.01.1990 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Distribution of Chemical Products |
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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Maximum Credit Limit : |
US$ 20.000.000,00. |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
IPIRANGA QUIMICA
S/A
ADDRESSES
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MAIN ADDRESS: |
AVENIDA ANGELICA 2346, 14° E 15°. ANDARES CONSOLAÇÃO |
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ZIP CODE/CITY: |
01228-200 SÃO PAULO/SP |
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PHONE: |
11 2195-9127 |
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FAX: |
11 2195-9127 |
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E-MAIL: |
luciane.vitalo@ipirangaquimica.com.br |
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WEB SITE: |
www.ipiranga.com.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA CESARIO FURMANN,250 - CAPELA VELHA |
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ZIP CODE/CITY: |
83705-810 ARAUCARIA/PR |
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PHONE: |
41 643-5003 |
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ADDRESS: |
AV. CAMPO FLORIDO,705 PARTE - JARDIM TEREZÓPOLIS |
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ZIP CODE/CITY: |
32663-110 BETIM/MG |
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PHONE: |
31 591-2688 |
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CNPJ: |
62.227.509/0009-86 |
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ADDRESS: |
RUA CARLOS FAGUNDES DE MELLO,695 PARTE - SÃO JOSÉ |
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ZIP CODE/CITY: |
92420-400 CANÔAS/RS |
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PHONE: |
51 2121-3067 |
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ADDRESS: |
RUA LUIZ DE CAMÕES,26 PARTE - |
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ZIP CODE/CITY: |
25220-550 DUQUE DE CAXIAS/RJ |
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PHONE: |
21 2676-2617 |
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ADDRESS: |
RODOVIA SP 332,PARTE |
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ZIP CODE/CITY: |
13140-000 PAULÍNIA/SP |
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PHONE: |
19 3874-1588 |
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CNPJ: |
62.227.509/0007-14 |
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ADDRESS: |
AV. ENGENHEIRO HEITOR AMARO BARCELLOS,551 |
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ZIP CODE/CITY: |
96202-720 RIO GRANDE/RS |
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PHONE: |
53 2311-1637 |
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CNPJ: |
62.227.509/0020-91 |
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ADDRESS: |
RUA AUGUSTO SCARABOTO,72 SALA C, 1°. ANDAR
INDUSTRIAL ALEMOA |
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ZIP CODE/CITY: |
11095-500 SANTOS/SP |
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PHONE: |
13 3296-2236 |
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CNPJ: |
62.227.509/0004-71 |
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ADDRESS: |
AVENIDA LADSLAU KARDOS,250 - ARACILIA |
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ZIP CODE/CITY: |
07250-125 GUARULHOS/SP |
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PHONE: |
11 2195-9494 |
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CNPJ: |
62.227.509/0029-20 |
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ADDRESS: |
AVENIDA ALFREDO LISBOA,ARMAZÉM 18, PARTE BAIRRO DO |
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ZIP CODE/CITY: |
50030-150 RECIFE/PE |
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PHONE: |
81 3424-8763 |
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CNPJ: |
62.227.509/0028-49 |
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ADDRESS: |
RUA ETENO,3189 COPEC |
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ZIP CODE/CITY: |
42810-000 CAMAÇARI/BA |
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PHONE: |
71 634-5465 |
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CNPJ: |
62.227.509/0017-96 |
LEGAL DATA
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MAIN
ACTIVITIES: |
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DISTRIBUTION OF CHEMICAL PRODUCTS. |
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LEGAL
FORM: |
PRIVATELY HELD
CORPORATION |
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INCORPORATION DATE: |
10/01/1990 |
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REGISTER DATE: |
10/01/1990 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
62.227.509/0001-29 |
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STATE REGISTER: |
112.557.353.110 |
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SHARE CAPITAL: |
R$ 390.372.268,17 |
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LAST REGISTER OF CAPITAL: |
30/04/2008 |
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BOARD
OF DIRECTORS: |
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FERNANDO RAFAEL ANSELMO ABRANTES |
PRESIDENT DIRECTOR |
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MARCELA APARECIDA DREHMER ANDRADE |
DIRECTOR |
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ROBERTO BISCHOFF |
SUPERVISING DIRECTOR |
AUTHORIZED USE OF SIGNATURE
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THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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BRASKEM S/A |
60% |
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PETRÓLEO BRASILEIRO S/A - PETROBRAS |
40% |
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AFFILIATES /
SUBSIDIARIES: |
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IPIRANGA PETROQUIMICA S/A |
80,74% |
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ISATEC PESQUISAS DESENV. ANÁLISES QUIMICAS LTDA |
99,99% |
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IPQ PETROQUIMICA |
100,00% |
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IPIRANGA S/A ( |
100,00% |
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MONICOR TRADING S/A |
100,00% |
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NATAL TRADING LTD |
100,00% |
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COPESUL - COMPANHIA PETROQUÍMICA DO SUL |
29,46% |
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PETROQUIM S/A |
33,40% |
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IPIRANGA QUIMICA ARMAZÉNS GERAIS LTDA |
99,8497% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 10, 1990 AS IPIRANGA COMERCIAL
QUIMICA S/A. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON NOVEMBER 30, 2006
IT ALTERED TO ABOVE-MENTIONED NAME. THE SUBJECT TOOK OVER THE COMPANY FORLAB CHITEC S/A. IMPORTANT REMARKS: ACCORDING TO THE SUBJECT'S WEBSITE, THE SUBJECT'S CONTROLLING COMPANY
REFINARIA DE PETROLEO IPIRANGA S/A - RIPI, DISTRIBUIDORA DE PRODUTOS DE PETROLEO
IPIRANGA S/A - DPPI, COMPANHIA BRASILEIRA DE PETROLEO IPIRANGA - CBPI AND
IPIRANGA PETROQUIMICA S/A - IPQ, ANNOUNCED TO THE MARKET AND THE SÃO PAULO
STOCK EXCHANGE AND THE CONTROLLING SHAREHOLDERS OF RIPI AND DPPI, SIGNED ON
MARCH 18, 2007 A PURCHASE AND SALE CONTRACT OF SHARES AND OTHER INTERESTS, BY
WHICH SOLD TO ULTRAPAR PARTICIPACOES S/A AND PETROLEO BRASILEIRO S/A -
PETROBRAS AND BRASKEM, SHARES OF RIPI, DPPI AND CBPI REPRESENTATIVE OF THE
SHAREHOLDING CONTROL OF SUCH COMPANIES AND THEIR SUBSIDIARIES, INCLUDING IPQ. ACCORDING TO THE PETROBRAS WEBSITE THE OPERATION WAS VALUED AT R$ US$
4 BILLION. THE IPIRANGA GROUP, ONE OF THE COUNTRY'S LARGEST AND TRADITIONAL
GROUP, OPERATES IN THE SECTORS OF OIL REFINING, PETROCHEMICAL AND
DISTRIBUTION OF FUELS. IN THE LAST YEAR IT HAD A NET REVENUE OF R$ 30
BILLION, WITH EBTITIDA OF R$ 1 BILLION AND NET PROFIT OF R$ 534 MILLION. THE OPERATION FOLLOWED THE FOLLOWING STEPS: FIRSTLY IT TOOK PLACE THE ACQUISITION BY THE ULTRA GROUP OF THE SHARES
OF THE FAMILIES CONTROLLERS OF THE IPIRANGA GROUP. SECONDLY, THE REALIZATION
BY THE ULTRA GROUP OF AN PUBLIC OFFER FOR THE
PURCHASE OF COMMON SHARES OWNED BY MINORITARY SHAREHOLDERS OF THE IPIRANGA
GROUP. IN THE THIRD STEP, BRASKEM AND PETROBRAS MADE A TENDER OFFER FOR THE
CLOSING OF THE CAPITAL OF COPESUL. IN THE FORTH STEP, THE ULTRA GROUP TOOK OVER THE VOTING SHARES OWNED
BY THE MINORITARY SHAREHOLDERS OF COMPANHIA BRASILEIRA DE PETROLEO IPIRANGA -
CBPI, OF DISTRIBUIDIRA DE PRODUTOS DE PETROLEO IPIRANGA - DPPI AND OF THE
REFINARIA DE PETROLEO IPIRANGA S/A - RPI, WHICH WILL RECEIVE VOTING SHARES OF
ULTRAPAR. IN THE LAST STEP, IT MADE THE DISTRIBUTION OF FUELS SECTOR: THE ULTRA GROUP WILL REMAIN WITH THE IPIRANGA GROUP'S DISTRIBUTION OF
FUELS NETWORK IN THE SOUTHERN AND SOUTHEASTERN REGIONS AND WILL KEEP ON
OPERATING WITH THE BRAND "IPIRANGA". PETROBRAS WILL TAKEOVER THE IPIRANGA GROUP'S DISTRIBUTION OF FUELS
NETWORK IN THE NORTHERN, NORTHEASTERN AND CENTER-EASTERN REGIONS AND SHALL
HAVE FIVE YEARS FOR THE USE OF THE BRAND "IPIRANGA", PERIOD IN
WHICH WILL GRADUALLY REPLACE THE BRAND FOR "PETROBRAS
DISTRIBUIDORA". PETROCHEMICAL SECTOR: BRASKEM HOLDS 60% OF THE IPIRANGA GROUP'S ASSETS OF PETROCHEMICALS AND
WILL REINFORCE ITS SHAREHOLDING CONTROL IN COPESUL. PETROBRAS HOLDS 40% OF THE IPIRANGA GROUP'S ACTIVITIES IN THE
PETROCHEMICAL SECTOR. REFINING: REFINARIA IPIRANGA, IN THE RIO GRANDE DO SUL STATE, IS CONTROLLED, IN
EQUAL PARTS, BY PETROBRAS, ULTRA GROUP AND BRASKEM, WHICH COMPROMISE TO
CONTINUE THE ACTIVITIES. THE TRANSACTION HAS BEEN APPROVED BY THE BRAZILIAN ANTI-TRUST
AUTHORITIES (CADE - ADMINISTRATIVE BOARD FOR ECONOMIC DEFENSE), THE SECRETARY
FOR ECONOMIC RIGHTS - SDE, AND THE SECRETARY FOR ECONOMIC MONITORING - SEAE). BUSINESS ADDRESS
HAS CHANGED FROM (RUA ANTONIO CARLOS, 434, 4°. ANDAR, SÃO PAULO/SP) TO THE
PRESENT REGISTERED ONE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
PUBLIC INFORMATION
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PROTESTS: |
|
5 PROTESTS,TOTAL AMOUNT R$ 87.468,59 |
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DETAILS OF THE PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTÓRIO DE CANOAS/RS |
10/2008 |
R$ 25.637,36 |
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1º CARTÓRIO DE CANOAS/RS |
10/2008 |
R$ 22.993,08 |
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1º CARTÓRIO DE CANOAS/RS |
10/2008 |
R$ 22.588,80 |
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1º CARTÓRIO DE CANOAS/RS |
10/2008 |
R$ 16.160,75 |
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CARTÓRIO DE BA-CAMAÇARI |
03/2008 |
R$ 88,60 |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2007, 31/12/2006 AND 31/12/2005. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
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ASSETS |
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|
|
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CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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CASH AND BANKS |
11.763 |
3.199 |
5.044 |
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CLIENTS |
79.043 |
74.209 |
56.344 |
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INVENTORY |
54.061 |
34.933 |
33.965 |
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INVESTMENTS |
8.092 |
496 |
6.363 |
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INTERCOMPANY CREDITS |
640 |
489 |
556 |
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DOUBTFUL DEBTORS |
-11.289 |
-10.392 |
-9.763 |
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RECOVERABLE TAXES |
5.439 |
11.465 |
13.708 |
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DEFERRED TAXES |
3.526 |
746 |
|
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PRE PAID EXPENSES |
405 |
423 |
|
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DIVIDENDS RECEIVABLES |
63.526 |
70.599 |
20.135 |
|
OTHER |
810 |
964 |
2.464 |
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---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
216.016 |
187.131 |
128.816 |
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LONG-TERM
RECEIVABLES: |
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|
|
|
|
|
|
|
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DEFERRED TAXES |
12.185 |
13.367 |
13.591 |
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JUDICIAL DEPOSITS |
344 |
371 |
481 |
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OTHER CREDITS |
132 |
1.570 |
|
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ACCOUNTS RECEIVABLES |
463 |
503 |
|
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ADVANCE FOR CAPITAL INCREASE |
48.404 |
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---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
61.528 |
15.811 |
14.072 |
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FIXED ASSETS: |
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|
|
|
|
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|
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INVESTMENTS |
675.924 |
514.544 |
556.026 |
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FIXED ASSETS |
46.266 |
47.990 |
48.382 |
|
INTANGIBLE |
6.956 |
7.925 |
1.876 |
|
DEFERRED |
372 |
115 |
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
729.518 |
570.574 |
606.284 |
|
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================ |
================ |
================ |
|
TOTAL ASSETS |
1.007.062 |
773.516 |
749.172 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
SUPPLIERS |
51.269 |
39.585 |
31.937 |
|
LABOR OBLIGATIONS |
3.506 |
3.451 |
2.404 |
|
TAXES & CONTRIBUTIONS |
1.883 |
7.272 |
2.790 |
|
LOANS AND FINANCING |
2.423 |
4.016 |
3.627 |
|
INTERCOMPANY DEBTS |
31.961 |
23.336 |
14.917 |
|
PROVISIONS |
1.092 |
|
|
|
OTHER |
2.802 |
1.933 |
1.185 |
|
DEBENTURES |
91.159 |
23.593 |
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
186.095 |
103.186 |
56.860 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
847 |
3.150 |
6.067 |
|
PROVISIONS |
1.762 |
|
899 |
|
DEBENTURES |
|
77.747 |
306.985 |
|
OTHER |
10 |
10 |
10 |
|
PROVISION FOR CONTINGENCIES |
84 |
586 |
84 |
|
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---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
2.703 |
81.493 |
314.045 |
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NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
380.373 |
294.533 |
294.533 |
|
CAPITAL RESERVES |
|
85.840 |
85.840 |
|
ACCRUED PROFIT (LOSS) |
|
|
-2.106 |
|
PROFIT RESERVES |
437.891 |
208.464 |
|
|
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---------------- |
---------------- |
---------------- |
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TOTAL NET EQUITY |
818.264 |
588.837 |
378.267 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.007.062 |
773.516 |
749.172 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2007,
31/12/2006 AND 31/12/2005. |
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( FIGURES ARE IN
THOUSANDS OF REAIS ). |
|
|
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
|
|
|
|
|
GROSS SALES |
673.419 |
605.806 |
545.527 |
|
(-) TAXES ON SALES |
173.136 |
140.859 |
126.432 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
500.283 |
464.947 |
419.095 |
|
(-) COST OF SOLD GOODS |
430.302 |
382.651 |
346.026 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
69.981 |
82.296 |
73.069 |
|
OPERATING REVENUE (EXPENSE) |
168.243 |
195.871 |
165.697 |
|
FINANCIAL REVENUE(EXPENSE) |
-9.748 |
-32.844 |
-47.285 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
228.476 |
245.323 |
191.481 |
|
NON-OPERATING RESULT |
218 |
-32.868 |
55 |
|
CONTRIBUTION/INCOME TAX |
733 |
-1.885 |
4.620 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
229.427 |
210.570 |
196.156 |
|
RATIOS: |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
QUICK RATIO |
,87 |
|
1,48 |
|
1,67 |
|
|
CURRENT RATIO |
1,16 |
|
1,81 |
|
2,27 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
6,33 |
TIMES |
6,27 |
TIMES |
7,44 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
56,88 |
DAYS |
57,46 |
DAYS |
48,40 |
DAYS |
|
INVENTORY TURNOVER |
7,96 |
TIMES |
10,95 |
TIMES |
10,19 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
42,89 |
DAYS |
37,24 |
DAYS |
33,23 |
DAYS |
|
RETURN ON ASSETS |
,50 |
TIMES |
,60 |
TIMES |
,56 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,61 |
TIMES |
,79 |
TIMES |
1,11 |
TIMES |
|
NET WORTH TIE-UP |
,06 |
|
,08 |
|
,13 |
|
|
INDEBTEDNESS |
,23 |
|
,31 |
|
,98 |
|
|
EQUITY RATIO |
81,25 |
% |
76,12 |
% |
50,49 |
% |
|
WORKING CAPITAL RATIO |
16,08 |
% |
81,35 |
% |
126,55 |
% |
|
GENERAL SOLVENCY |
5,33 |
|
4,19 |
|
2,02 |
|
|
RETURN ON NET EQUITY |
28,04 |
% |
35,76 |
% |
51,86 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
45,86 |
% |
45,29 |
% |
46,80 |
% |
|
GROSS PROFIT MARGIN |
13,99 |
% |
17,70 |
% |
17,43 |
% |
|
OPERATIONAL RESULT |
45,67 |
% |
52,76 |
% |
45,69 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,69 |
TIMES |
4,51 |
TIMES |
7,37 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE
RATE: |
|
|
US$ 1,00 = R$ 2,19 |
-
OFFICIAL RATE ON 21/10/2008 |
|
US$ 1,00 = R$ 1,77 |
-
OFFICIAL RATE ON 31/12/2007 |
|
US$ 1,00 = R$ 2,13 |
-
OFFICIAL RATE ON 31/12/2006 |
|
US$ 1,00 = R$ 2,34 |
-
OFFICIAL RATE ON 31/12/2005 |
|
COMMENTS
ON THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN
FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW GOOD FINANCIAL
STANDING. IT SHOWS GOOD LIQUIDITY RATIOS WITH IMPORTANT WORKING CAPITAL
AMOUNT AND LOW LEVEL OF INDEBTEDNESS. IT IS NOTED GROWING SALES AGAIN AND
KEEPS ON OPERATING WITH HIGH PROFITABLE RESULTS. |
|
REAL
ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 25.272.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 521.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 8.743.000,00
INSURANCE
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
NACIONAL 11 3372-4235 |
SÃO PAULO/SP |
|
HSBC BANK BRASIL S/A |
INTERNACIONAL CORP. (11 3646-3365) |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
CENTRO (11 2128-7227) |
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
ITAÚ CORP. (21 2553-1400) |
RIO DE JANEIRO/RJ |
|
BANCO ITAUBANK S/A |
LÍBERO BADARÓ (11 3398-7216) |
SÃO PAULO/SP |
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES COMMENTS
|
THE SUBJECT IS THE |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES |
EXPORTS TO:
|
NOT AVAILABLE |
|
MAIN
CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
CITY: |
|
|
3M DO BRASIL LTDA |
SUMARÉ/SP |
|
|
ACEBRAS ACETATOS DO BRASIL LTDA |
|
|
|
AGECOM PRODUTOS DE PETRÓLEO LTDA |
|
|
|
AGRIPEC QUÍMICA |
|
|
|
ÁLCOOL |
|
|
|
ARTECOLA INDÚSTRIAS QUÍMICAS LTDA |
|
|
|
BASF S/A |
SÃO BERNARDO DO CAMPO/SP |
|
|
BAYER CROPSCIENCE LTDA |
|
|
|
BRASCOLA LTDA |
|
|
|
BRIDGESTONE / FIRESTONE DO |
SANTO ANDRE/SP |
|
|
CIA BRASILEIRA DE PETRÓLEO IPIRANGA |
|
|
|
COZA - UTILIDADES PLÁSTICAS LTDA |
|
|
|
DOW AGROCIENCES INDUSTRIAL LTDA |
|
|
|
EMBALAGENS |
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EMBALI INDS PLÁSTICAS LTDA |
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GOODYEAR DO BRASIL PRODUTOS BORRACHA LTDA |
SÃO PAULO/SP |
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HBA- |
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IND. E COM. DE PROD. LIMP. GIRANDO SOL LTDA |
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IND.QUÍMICA BENZENO LTDA |
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IVEL - IND. DE PERFUMES E COSMÉTICOS LTDA |
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LIKO NORDESTE |
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MILENIA AGROCIENCIAS S/A |
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PETROBRÁS DISTRIBUIDORA S.A |
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PETROFLEX |
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PIRELLI DO BRASIL S/A |
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PIRELLI PNEUS S/A |
SANTO ANDRE/SP |
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REAQ PRODUTOS QUÍMICOS LTDA |
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REAQ PRODUTOS QUÍMICOS LTDA |
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RENNER DUPONT TINTAS AUTOMOTIVA E
INDUSTRIAL S/A |
SÃO BERNARDO DO CAMPO/SP |
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TIRRENO IND. E COM. DE PROD. QUÍMICOS LTDA |
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STAFF: |
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THE COMPANY HAS:
222 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1990 AS A WHOLE-OWNED SUBSIDIARY OF THE
IPIRANGA GROUP. IN 2007 IT WAS ACQUIRED BY BRASKEM AND PETROBRAS GROUPS, TWO
LARGE-SIZED AND HOLDER OF HUGE FINANCIAL POWER GROUPS. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN THE PROTESTS FOUND ARE IRRELEVANT GIVEN THE SUBJECT'S FINANCIAL POWER. |
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MAIN
SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
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BRASKEM S/A |
CAMAÇARI/BA |
71 3632-5095 |
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CELANESE
CHEMICALS |
SÃO PAULO/SP |
11 5683-7232 |
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COPENE-CIA.PETROQUÍMICA
NORDESTE S/A |
CAMAÇARI/BA |
71 3832-1729 |
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COPESUL-CIA.
PETROQUÍMICA DO SUL |
TRIUNFO/RS |
51 3457-6295 |
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DU PONT TITANIUM
TECHNOLOGIES |
BARUERI/SP |
11 4166-8860 |
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IPIRANGA
PETROQUÍMICA S/A |
TRIUNFO/RS |
51 3216-4239 |
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NITROCARBONO S/A |
CAMAÇARI/BA |
|
|
OXITENO NORDESTE
S/A |
CAMAÇARI/BA |
71 3832-1621 |
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PETROBRÁS
PETRÓLEO BRASILEIRO S/A |
RIO DE
JANEIRO/RJ |
21 3224-1048 |
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PETROQUÍMICA
TRIUNFO S/A |
TRIUNFO/RS |
51 3457-1006 |
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PETROQUÍMICA
UNIÃO S/A |
SANTO ANDRÉ/SP |
11 4478-1637 |
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PAYMENT
HISTORY: |
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16 SUPPLIERS
REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.096.098,00 |
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AMOUNT OF
INVOICES PAID: 112 |
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TOTAL OF PROMPT
PAYMENTS: 96,1% |
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TOTAL OF DELAYED
PAYMENTS: 3,9% |
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HIGHEST INVOICE:
R$ 117.663,00 |
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HIGHEST CREDIT: R$
117.663,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 1.796,00 |
FINAL OPINION
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY
IN BUSINESS FOR SEVERAL YEARS. IT SHOWS GOOD FINANCIAL STANDING, SHOWS CLEAR
TRADE HISTORY AND EXCELLENT PAYMENT BEHAVIOR. BASED ON THE OVERALL INFORMATION AVAILABLE
IT IS BELIEVED THAT GOOD TRADE RELATIONS MAY BE ESTABLISHED. CREDIT
FACILITIES MAY BE EXTENDED WITHIN TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S
SIZE AND FINANCIAL STRENGTH. *ADVICE CONCERNING: R 3 500 000 OVER 30 DAYS THE COMPANY IS SAID TO HAVE PAYMENT CAPACITY
AND IS CONSIDERED CREDITWORTHY FOR AN INITIAL CREDIT LIMIT OF US$ 20.000.000,00. EVEN HIGHER AMOUNTS MAY BE CONSIDERED DEPENDING ON
THE NATURE OF THE BUSINESS AND INTEREST OF THE PARTS INVOLVED. |
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IPIRANGA QUIMICA
S/A |
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BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
THOUSANDS OF REAIS |
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|
|
31-12-07 |
|
31-12-06 |
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ASSETS |
|
% |
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% |
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Current Assets |
21.45 |
$ 187,131 |
24.19 |
|
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Fixed Assets |
$ 729,518 |
72.44 |
$ 570,574 |
73.76 |
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TOTAL ASSETS |
$ 1,007,062 |
100.00 |
$ 773,516 |
100.00 |
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LIABILITIES |
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|
|
|
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Current Liabilities |
$ 186,095 |
18.48 |
$ 103,186 |
13.34 |
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Long-Term Liabilities |
$ 2,703 |
0.27 |
$ 81,493 |
10.54 |
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TOTAL LIABILITIES |
$ 188,798 |
18.75 |
$ 184,679 |
23.88 |
|
Deferred Income |
$
- |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 818,264 |
81.25 |
$ 588,837 |
76.12 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 1,007,062 |
100.00 |
$ 773,516 |
100.00 |
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PROFIT AND LOSS ACCOUNTS |
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|
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|
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Net Sales |
$ 500,283 |
100.00 |
$ 464,947 |
100.00 |
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Costs |
$ 430,302 |
86.01 |
$ 382,651 |
82.30 |
|
Gross Profit |
$ 69,981 |
13.99 |
$ 82,296 |
17.70 |
|
Operating expenses |
$ 168,243 |
33.63 |
$ 195,871 |
42.13 |
|
operational Result |
$ 228,476 |
45.67 |
$ 245,323 |
52.76 |
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Net Profit (loss) |
$ 229,427 |
45.86 |
$ 210,570 |
45.29 |
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COMPLEMENTARY DATA |
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|
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|
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Inventory |
$ 54,061 |
|
$ 34,933 |
|
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Accounts receivable |
$ 79,043 |
|
$ 74,209 |
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Accounts Payable |
$ 51,269 |
|
$ 39,585 |
|
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Property, plant and equipment |
$ 46,266 |
|
$ 47,990 |
|
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Purchases |
$ 729,518 |
|
$ 570,574 |
|
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Financial Expenses |
$ (9,748) |
|
$ (32,844) |
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Foreign Currency Assets |
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Foreign Currency Liabilities |
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Working Capital |
$ 29,921 |
|
$ 83,945 |
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RATIOS: |
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|
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QUICK RATIO |
0.87 |
|
1.47 |
|
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CURRENT RATIO |
1.16 |
|
1.81 |
|
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ACCOUNTS RECEIVABLE TURNOVER |
6.33 |
times |
6.27 |
times |
|
DAYS' SALES IN RECEIVABLES |
56.88 |
days |
57.46 |
days |
|
INVENTORY TURNOVER |
7.96 |
times |
10.95 |
times |
|
42.89 |
days |
37.24 |
days |
|
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RETURN ON ASSETS |
0.50 |
times |
0.60 |
times |
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SALES TURNOVER ON NET EQUIY |
0.61 |
times |
0.79 |
times |
|
NET WORTH TIE-UP |
0.06 |
|
0.08 |
|
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ENDEBTEDNESS |
0.23 |
|
0.31 |
|
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EQUITY RATIO |
81.25 |
% |
76.12 |
% |
|
WORKING CAPITAL RATIO |
16.08 |
% |
81.35 |
% |
|
GENERAL SOLVENCY |
5.33 |
|
4.19 |
|
|
RETURN ON NET EQUITY |
28.04 |
% |
35.76 |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
45.86 |
% |
45.29 |
% |
|
GROSS PROFIT MARGIN |
13.99 |
% |
17.70 |
% |
|
OPERATIONAL RESULT |
45.67 |
% |
52.76 |
% |
|
SALES TURNOVER ON LIABILITIES |
2.69 |
times |
4.51 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
- |
% |
|
BALANCE SHEET
ANALYSIS |
|
|
|
|
31-12-05 |
|
|
ASSETS |
|
% |
|
Current Assets |
$ 128,816 |
17.19 |
|
Fixed Assets |
$ 606,284 |
80.93 |
|
TOTAL ASSETS |
$ 749,172 |
100.00 |
|
LIABILITIES |
|
|
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Current Liabilities |
$ 56,860 |
7.59 |
|
Long-Term Liabilities |
$ 314,045 |
41.92 |
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TOTAL LIABILITIES |
$ 370,905 |
49.51 |
|
Deferred Income |
$ - |
0.00 |
|
Net Equity |
$ 378,267 |
50.49 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 749,172 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 419,095 |
100.00 |
|
Costs |
$ 346,026 |
82.57 |
|
Gross Profit |
$ 73,069 |
17.43 |
|
Operating expenses |
$ 165,697 |
39.54 |
|
operational Result |
$ 191,481 |
45.69 |
|
Net Profit (loss) |
$ 196,156 |
46.80 |
|
COMPLEMENTARY DATA |
|
|
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Inventory |
$ 33,965 |
|
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Accounts receivable |
$ 56,344 |
|
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Accounts Payable |
$ 31,937 |
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Property, plant and equipment |
$ 48,382 |
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Purchases |
$ 606,284 |
|
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Financial Expenses |
$ (47,285) |
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Foreign Currency Assets |
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|
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Foreign Currency Liabilities |
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|
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Working Capital |
$ 71,956 |
|
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RATIOS: |
|
|
|
QUICK RATIO |
1.67 |
|
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CURRENT RATIO |
2.27 |
|
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ACCOUNTS RECEIVABLE TURNOVER |
7.44 |
times |
|
DAYS' SALES IN RECEIVABLES |
48.40 |
days |
|
INVENTORY TURNOVER |
10.19 |
times |
|
ACCOUNTS PAYABLE PERIOD |
33.23 |
days |
|
RETURN ON ASSETS |
0.56 |
times |
|
SALES TURNOVER ON NET EQUIY |
1.11 |
times |
|
NET WORTH TIE-UP |
0.13 |
|
|
ENDEBTEDNESS |
0.98 |
|
|
EQUITY RATIO |
50.49 |
% |
|
WORKING CAPITAL RATIO |
126.55 |
% |
|
GENERAL SOLVENCY |
2.02 |
|
|
RETURN ON NET EQUITY |
51.86 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
46.80 |
% |
|
GROSS PROFIT MARGIN |
17.43 |
% |
|
OPERATIONAL RESULT |
45.69 |
% |
|
SALES TURNOVER ON LIABILITIES |
7.37 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.95 |
|
|
1 |
Rs.79.56 |
|
Euro |
1 |
Rs.63.65 |
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 |
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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%)