MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
|
|
|
|
Tel. No.: |
51 562 9927/1609 |
IDENTIFICATION DETAILS
|
Name : |
STAHL BRASIL SA |
|
|
|
|
Registered Office : |
Rua Boa Vista,1832 A - Estação Portão Zip Code 93180-000 - Portão/Rs |
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|
|
Country : |
Brazil |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
Date of Incorporation : |
01.09.1978 |
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|
Legal Form : |
Privately Held Corporation |
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|
|
Line of Business : |
Manufacture and trade of chemical products for leather and related as well as distribution of solvents |
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 |
|
Maximum Credit Limit : |
US$ 1.000.000,00. |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Brazil |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
STAHL BRASIL S/A
company ADDRESSES
|
MAIN ADDRESS: |
RUA BOA VISTA,1832 A - ESTAÇÃO PORTÃO |
|
ZIP CODE/CITY: |
93180-000 - PORTÃO/RS |
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|
|
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PHONE: |
51 3562-9927 |
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FAX: |
51 3562-9927 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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|
|
|
ADDRESS: |
RUA OTILIO MONTEIRO DOS SANTOS,2 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
14406-076 FRANCA/SP |
|
CNPJ: |
89.488.316/0002-69 |
|
STATE REGISTER: |
310.070.849.110 |
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|
|
|
ADDRESS: |
RUA BOA VISTA,1832 - ESTAÇÃO PORTÃO |
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ZIP CODE/CITY: |
93180-000 PORTÃO/RS |
|
CNPJ: |
89.488.316/0006-92 |
|
STATE REGISTER: |
213/0007915 |
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|
|
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ADDRESS: |
RUA FRANCISCO A. TOMAS SILVA,2370 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
14406-076 FRANCA/SP |
|
CNPJ: |
89.488.316/0002-69 |
|
STATE REGISTER: |
310.070.849.110 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND TRADE OF CHEMICAL PRODUCTS FOR LEATHER AND RELATED AS
WELL AS DISTRIBUTION OF SOLVENTS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
01/09/1978 |
|
REGISTER DATE: |
23/11/1978 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
89.488.316/0001-88 |
|
STATE REGISTER: |
860.083.772 |
|
|
|
|
SHARE CAPITAL: |
R$ 14.412.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
REMY MAURICE VIAL |
PRESIDENT DIRECTOR |
|
ARALI MARILENE SCHNEIDER |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
STAHL NETHERLANDS BV |
99,99% |
|
STAHL HOLDINGS BV |
0,01% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
KALANDA INDUSTRIA E COMERCIO DE CALÇADOS |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 01, 1978 AS STAHL BRASIL
QUÍMICA INDÚSTRIA E COMÉRCIO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS.
LATER IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL
OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "TOKI". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
8.487.989,00 |
8.276.198,00 |
12.367.212,00 |
|
CLIENTS |
20.120.518,00 |
14.377.421,00 |
9.922.153,00 |
|
INVENTORY |
7.460.094,00 |
6.556.170,00 |
5.965.287,00 |
|
RECOVERABLE TAXES |
1.383.183,00 |
3.051.159,00 |
4.117.746,00 |
|
OTHER |
575.957,00 |
557.690,00 |
430.032,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
38.027.741,00 |
32.818.638,00 |
32.802.430,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
86.842,00 |
320.491,00 |
320.491,00 |
|
CREDIT WITH RELTD COMPANIES |
11.791.566,00 |
12.788.052,00 |
17.133.671,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
11.878.408,00 |
13.108.543,00 |
17.454.162,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
15.979,00 |
15.979,00 |
15.979,00 |
|
FIXED ASSETS |
7.173.506,00 |
7.660.275,00 |
8.849.092,00 |
|
DEFERRED |
|
19.647,00 |
10.126,00 |
|
INTANGIBLE |
27.322,00 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
7.216.807,00 |
7.695.901,00 |
8.875.197,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
57.122.956,00 |
53.623.082,00 |
59.131.789,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
29.278.165,00 |
28.829.722,00 |
27.094.653,00 |
|
TAXES & CONTRIBUTIONS |
2.612.776,00 |
2.214.783,00 |
4.191.554,00 |
|
SALARY, TAXES & CONTRIB. |
712.158,00 |
602.731,00 |
713.750,00 |
|
COMMISSIONS DUE |
615.281,00 |
714.791,00 |
789.325,00 |
|
OTHER |
2.338.677,00 |
2.364.207,00 |
2.125.043,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
35.557.057,00 |
34.726.234,00 |
34.914.325,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
PROVISION FOR CONTINGENCIES |
|
2.363.053,00 |
2.363.053,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
|
2.363.053,00 |
2.363.053,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
14.412.000,00 |
14.412.000,00 |
14.412.000,00 |
|
CAPITAL RESERVES |
265.821,00 |
265.821,00 |
265.821,00 |
|
PROFIT RESERVES |
6.888.078,00 |
1.855.974,00 |
7.176.590,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
21.565.899,00 |
16.533.795,00 |
21.854.411,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
57.122.956,00 |
53.623.082,00 |
59.131.789,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
79.101.851,00 |
70.798.074,00 |
81.096.573,00 |
|
(-) TAXES ON SALES |
15.952.822,00 |
14.931.904,00 |
18.303.686,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
63.149.029,00 |
55.866.170,00 |
62.792.887,00 |
|
(-) COST OF SOLD GOODS |
38.139.988,00 |
33.581.558,00 |
36.644.432,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
25.009.041,00 |
22.284.612,00 |
26.148.455,00 |
|
OPERATING REVENUE (EXPENSE) |
-14.907.736,00 |
-15.801.222,00 |
-17.589.617,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-1.765.515,00 |
-4.551.715,00 |
693.728,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
8.335.790,00 |
1.931.675,00 |
9.252.566,00 |
|
NON-OPERATING RESULT |
68.425,00 |
485.610,00 |
109.784,00 |
|
CONTRIBUTION/INCOME TAX |
-3.356.195,00 |
-2.247.145,00 |
-4.784.552,00 |
|
INTERESTS ON OWN CAPITAL |
991.000,00 |
1.335.000,00 |
1.250.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
6.039.020,00 |
1.505.140,00 |
5.827.798,00 |
|
MONTHLY SALES |
|||
|
|
2009 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 4.855.212,25 |
|
|
|
FEBRUARY |
R$ 5.076.190,89 |
|
|
|
MARCH |
R$ 5.695.347,75 |
|
|
|
APRIL |
R$ 5.916.938,53 |
|
|
|
MAY |
R$ 5.664.910,89 |
|
|
|
JUNE |
R$ 5.746.707,95 |
|
|
|
JULY |
R$ 5.914.934,47 |
|
|
|
AUGUST |
R$ 5.559.859,95 |
|
|
|
SEPTEMBER |
R$ 6.710.911,50 |
|
|
|
OCTOBER |
R$ 7.217.617,14 |
|
|
|
NOVEMBER |
R$ 6.960.563,00 |
|
|
|
DECEMBER |
R$ 5.478.879,67 |
|
|
|
TOTAL |
R$ 70.798.073,99 |
|
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
,86 |
|
,76 |
|
,77 |
|
|
CURRENT RATIO |
1,07 |
|
,95 |
|
,94 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,14 |
TIMES |
3,89 |
TIMES |
6,33 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
114,70 |
DAYS |
92,65 |
DAYS |
56,89 |
DAYS |
|
INVENTORY TURNOVER |
5,11 |
TIMES |
5,12 |
TIMES |
6,14 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
276,35 |
DAYS |
309,06 |
DAYS |
266,18 |
DAYS |
|
RETURN ON ASSETS |
1,11 |
TIMES |
1,04 |
TIMES |
1,06 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,93 |
TIMES |
3,38 |
TIMES |
2,87 |
TIMES |
|
NET WORTH TIE-UP |
,33 |
|
,46 |
|
,40 |
|
|
INDEBTEDNESS |
1,65 |
|
2,24 |
|
1,71 |
|
|
EQUITY RATIO |
37,75 |
% |
30,83 |
% |
36,96 |
% |
|
WORKING CAPITAL RATIO |
6,95 |
% |
-5,49 |
% |
-6,05 |
% |
|
GENERAL SOLVENCY |
1,61 |
|
1,45 |
|
1,59 |
|
|
RETURN ON NET EQUITY |
28,00 |
% |
9,10 |
% |
26,67 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,56 |
% |
2,69 |
% |
9,28 |
% |
|
GROSS PROFIT MARGIN |
39,60 |
% |
39,89 |
% |
41,64 |
% |
|
OPERATIONAL RESULT |
13,20 |
% |
3,46 |
% |
14,74 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,78 |
TIMES |
1,61 |
TIMES |
1,80 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,57 |
- OFFICIAL RATE ON 27/04/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. ASSESSING THE FIGURES ABOVE, IT IS NOTED THAT THE SUBJECT HAS A
SATISFACTORY FINANCIAL STANDING. IT SHOWS HIGH LEVEL OF INDEBTEDNESS BUT THE
COMPANY OPERATES WITH ACCEPTABLE CURRENT RATIO WITH POSITIVE WORKING CAPITAL
AMOUNT, AS WELL AS GROWING SALES AND PROFITABLE RESULTS. |
REAL ESTATE
OWNED PREMISES ARE VALUED AT R$
10.767.663,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
OWNER: |
STAH BRASIL S/A |
|
TYPE: |
BUILDING |
|
TOTAL AREA: |
LAND: 80.000 M² - BUILT UP: 10.000 M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
RUA BOA VISTA, 1832 - PORTÃO/RS |
|
|
|
|
OWNER: |
STAH BRASIL S/A |
|
TYPE: |
BUILDING |
|
TOTAL AREA: |
LAND: 2.000 M² - BUILT UP: 1.243 M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
DISTRITO INDUSTRIAL DE FRANCA/SP, RUA OTILIO M DOS SANTOS, 2981 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.739.777,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 6.727.475,00
INSURANCE
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT
DISCLOSED. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ABN AMRO REAL S/A |
RUA JULIO DE CASTILHOS, 370 CENTRO |
NOVO HAMBURGO/RS |
|
BANCO DO BRASIL S/A |
51 3584-4200 |
NOVO HAMBURGO/RS |
|
BANCO BRADESCO S/A |
51 3594-31132 |
NOVO HAMBURGO/RS |
|
BANCO SANTANDER S/A |
51 3581-6295 |
|
|
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 AND TRADE OF CHEMICAL
PRODUCTS FOR LEATHER AND RELATED AS WELL AS DISTRIBUTION OF SOLVENTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
HOLLAND, SPAIN, INDIA, GERMANY AND OTHERS. |
EXPORTS TO:
|
ARGENTINA, CHILE, PARAGUAY, URUGUAY, BOLIVIA AND OTHERS. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
BERTIN LTDA |
|
|
|
MERCOQUIM S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 126 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1978. SO
FAR IT HAS A CLEAR TRADE HISTORY, NORMAL PAYMENT BEHAVIOUR AND KEEPS ENJOYING
A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES. 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. MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
COGNIS BRASIL LTDA |
|
51 371-3244 |
|
IPIRANGA COMERCIAL QUIMICA S/A |
|
51 477-1999 |
|
MAPLA S/A IND DE MATERIAIS PLÁSTICOS |
|
51 477-3200 |
|
NEWSUL EMBALAGENS LTDA |
|
54 453-2662 |
|
SCANDIFLEX DO BRASIL S/A. INDUSTRIAS QUIMICAS |
|
51 450-4633 |
|
PAYMENT HISTORY: |
|
16 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 899.399,00 |
|
|
|
AMOUNT OF INVOICES PAID: 101 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 89.158,00 |
|
HIGHEST CREDIT: R$ 89.158,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 5.482,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A GOOD FINANCIAL STANDING, A CLEAR TRADE HISTORY AND
GOOD PAYMENT BEHAVIOUR. BASED ON THE GENERAL 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 FINANCIAL STRENGTH. THE COMPANY HAS PAYMENT CAPACITY AND IS CONSIDERED CREDITWORTHY FOR A
CREDIT LIMIT OF US$ 1.000.000,00. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.