MIRA
INFORM REPORT
|
Report Date : |
10.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
NORTOX SA |
|
|
|
|
Registered Office : |
Rodovia Br 369 - S/Nº. - KM,197 - Aricanduva 86701-050 - Arapongas/PR |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
14.04.1954 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of Chemicals. |
|
|
|
|
No. of Employees : |
500 |
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 : |
USD 10.000.000,00 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 and address
NORTOX S/A
ADDRESSES
|
MAIN ADDRESS: |
RODOVIA BR 369 - S/Nº. - KM,197 - ARICANDUVA |
|
ZIP CODE/CITY: |
86701-050 - ARAPONGAS/PR |
|
|
|
|
PHONE: |
43 3274-8585 |
|
FAX: |
43 3274-8500 |
|
E-MAIL: |
sonia@nortox.com.br |
|
WEB SITE: |
www.nortox.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
PRAÇA AMADEU AMARAL,27 - 4º ANDAR - BELA VISTA |
|
ZIP CODE/CITY: |
01327-010 SÃO PAULO/SP |
|
PHONE: |
11 3284-0344 |
|
FAX: |
11 3287-0461 |
|
|
|
|
ADDRESS: |
RODOVIA BR 163 - KM,116 - PARQUE INDUSTRIAL VETORASSO |
|
ZIP CODE/CITY: |
78740-275 RONDONÓPOLIS/MT |
|
PHONE: |
66 3439-3700 |
|
FAX: |
66 3439-3715 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
14/04/1954 |
|
REGISTER DATE: |
14/04/1954 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
75.263.400/0001-99 |
|
STATE REGISTER: |
62800535-44 |
|
|
|
|
SHARE CAPITAL: |
R$
423.600.000,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
OSMAR AMARAL |
PRESIDENT DIRECTOR |
|
SONIA MARIA DA CONCEIÇÃO CANEZIN |
FINANCIAL DIRECTOR |
|
HUMBERTO AMARAL |
COMMERCIAL DIRECTOR |
|
OSNEY STEFANUTO |
INDUSTRIAL DIRECTOR |
|
VILMAR DE SOUZA LIMA |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
OSMAR AMARAL |
50,807% |
|
O.A.F. PARTICIPAÇÕES LTDA |
20,045% |
|
BINOMAR HOLDING AG (SWITZERLAND) |
11,144% |
|
HUMBERTO AMARAL |
7,846% |
|
DANIELA AMARAL ALVES |
7,788% |
|
SHARES IN TREASURY |
2,088% |
|
MARIA DIRCE A. AMARAL |
0,176% |
|
NELSON ALMEIDA MILREU |
0,042% |
|
ELINAH SEIXAS REA |
0,016% |
|
ARESTIDES RUIZ |
0,015% |
|
MERCANDANTE & CIA LTDA |
0,012% |
|
JOAQUIM DOS SANTOS |
0,012% |
|
JOSE ARIVALDO ROSSI |
0,009% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
O A F PARTICIPAÇÕES LTDA |
|
|
NTX PARTICIPAÇÕES LTDA |
|
|
CAPITAL LAND HOLDING LTDA |
|
|
CONCEIÇÃO E CANEZIN LTDA |
|
COMPANY'S BACKGROUND
|
THE CONCERN WAS ORIGINALLY ESTABLISHED IN 1954 AS CIA NORTOX DE
INSETICIDAS E FERTILIZANTES. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. JUNE
04, 1976 IT ALTERED TO NORTOX AGRO QUÍMICA S/A, ON DECEMBER 18, 1993 IT
ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "NORTOX". BRIEF HISTORY: NORTOX S.A. WAS FOUNDED ON APRIL 14, 1954, IN APUCARANA - PR. IT STARTED ITS OPERATIONS AS AN INDUSTRY FOR THE FORMULATION OF POWDER
INSECTICIDE TO FIGHT COFFEE BORER, IN A TIME WHEN COFFEE PLANTATIONS WERE ONE
OF THE MAIN SOURCES OF WEALTH IN BRAZIL, COVERING AN AREA FROM THE OLD
PIONEER PARANÁ TO THE MARGINS OF THE PARANÁ RIVER. IN THE EARLY 1960'S, NORTOX ENTERED THE MARKET OF INSECTICIDES FOR
COTTON CROPS. IN 1966, IT BECAME A BUSINESS CORPORATION WITH NATIONAL
CAPITAL. STILL IN THIS DECADE, DUE TO THE NEED TO EXPAND AND DIVERSIFY ITS
PRODUCTION LINE, THE COMPANY MOVED TO ARAPONGAS, DISTRICT OF ARICANDUVA, WHERE ITS MODERN INDUSTRIAL
UNIT WAS BUILT. THE COMPANY STARTED IN THE HERBICIDES BUSINESS IN 1972, WHEN THE
MARKET FOR THIS PRODUCT BEGAN TO GROW. A SHORT TIME AFTER, NORTOX BEGAN TO
SYNTHESIZE THE TRIFLURALIN HERBICIDE, AND, LITTLE BY LITTLE, CREATED OTHER UNITS FOR THE PRODUCTION OF
INTERMEDIARIES REQUIRED FOR ITS MANUFACTURING. FOR THIS PURPOSE, IT DEVELOPED
THE TECHNOLOGY FOR AMINATION, CHLORATION, NITRATION, AND FLUORING. IN THE
FOLLOWING YEARS, THE INDUSTRY SET OFF THE PRODUCTION OF TECHNICAL AND
FORMULATED ALACHLOR, DIMETHOATO AND DIURON. THE 1980'S WAS MARKED BY GREAT CHANGES IN AGRICULTURE. NON-TILLAGE
BECAME POSSIBLE WHEN, IN 1983, NORTOX, IN A PIONEERING OPERATION, STARTED TO
PRODUCE THE GLIFOSATE HERBICIDE. AS A CONSEQUENCE, THE PRICE OF GLIFOSATE
LOWERED SIGNIFICANTLY AND NON-TILLAGE
WAS ADOPTED ALL OVER BRAZIL. IN THE 1990'S, A CHANGE TOOK PLACE IN THE BUSINESS SCENARIO: BUSINESS
MERGERS, AN INCREASED NUMBER OF MULTINATIONAL AGROCHEMICAL COMPANIES, THE
IMPORT OF ACTIVE INGREDIENTS, AND THE END OF SOME NATIONAL PRODUCTION LINES.
NORTOX DEFINES A NEW STRATEGIC PLAN AND TAKES A REVERSE PATH, EXPANDING ITS
LINE OF PRODUCTS AND SYNTHESIZING NEW MOLECULES IN BRAZIL, FOCUSED ON
CROPS THE COMPANY HAD A VOCATION FOR. DURING THIS DECADE, NORTOX MAINTAINED I´S GROWTH RATE FOLLOWING THE
BRASILIAN AGRIBUSINESS GROWTH, NORTOX HAS REAFFIRMED ITS COMMITMENT TO
BRAZILIAN AGRICULTURE BY SETTING UP ANOTHER
INDUSTRIAL UNIT IN RONDONÓPOLIS-MT. THIS COMMITMENT HAS INVOLVED THE PRODUCTION OF BASIC INPUTS
TO BRAZILIAN AGRICULTURE. NORTOX CENTRO-OESTE IS LOCATED IN AN AREA OF 42.000
M2, AND HAS CREATED MORE THAN 150 JOBS AND PRODUCED 70.000.000 LITTERS/KG OF
AGROCHEMICALS PER YEAR. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. REMARK: THE INFORMED ADDRESS “ROD BR-369 SN-KM 197, DISTRITO ARICANDUVA
ARAPONGAS-PR 86700-970” IS INCORRECT. THE CORRECT ADDRESS IS STATED AT THE
CAPTION. |
|
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 BANKS |
884.967,00 |
1.338.262,00 |
3.350.892,00 |
|
INVESTMENTS |
47.414.400,00 |
18.438.369,00 |
51.626.922,00 |
|
CLIENTS |
187.846.295,00 |
168.579.921,00 |
110.696.315,00 |
|
RECOVERABLE TAXES |
21.828.697,00 |
17.757.029,00 |
10.591.160,00 |
|
INVENTORY |
116.669.705,00 |
153.659.164,00 |
180.791.278,00 |
|
PRE PAID EXPENSES |
173.327,00 |
309.423,00 |
349.884,00 |
|
OTHER CREDITS |
809.009,00 |
539.792,00 |
1.839.159,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
375.626.400,00 |
360.621.960,00 |
359.245.610,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
OTHER CREDITS |
|
|
384,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
|
384,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
148.308,00 |
148.308,00 |
53.413,00 |
|
FIXED ASSETS |
144.791.798,00 |
144.629.715,00 |
108.355.264,00 |
|
INTANGIBLE |
35.685,00 |
35.685,00 |
35.685,00 |
|
DEFERRED |
331.327,00 |
353.287,00 |
375.247,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
145.307.118,00 |
145.166.995,00 |
108.819.609,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
520.933.518,00 |
505.788.955,00 |
468.065.603,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
15.476.748,00 |
12.205.565,00 |
7.664.297,00 |
|
LOANS AND FINANCING |
68.202.732,00 |
58.442.469,00 |
14.314.685,00 |
|
SOCIAL / LABOR OBLIGATIONS |
1.101.774,00 |
2.168.002,00 |
2.084.390,00 |
|
DIVIDENDS |
90.647,00 |
90.817,00 |
2.967.194,00 |
|
ADVANCE FROM CLIENTS |
2.197.115,00 |
1.814.931,00 |
5.275.994,00 |
|
TRIBUTARY OBLIGATIONS |
73.620,00 |
841.906,00 |
643.993,00 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
938.632,00 |
629.207,00 |
610.080,00 |
|
OTHER DEBTS |
3.914.891,00 |
3.653.957,00 |
2.198.783,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
91.996.159,00 |
79.846.854,00 |
35.759.416,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
13.937.294,00 |
9.853.483,00 |
11.032.144,00 |
|
PROVISION FOR CONTINGENCIES |
1.000,00 |
1.000,00 |
303.000,00 |
|
TRIBUTARY OBLIGATIONS |
|
1.627.057,00 |
198.539,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
13.938.294,00 |
11.481.540,00 |
11.533.683,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
423.600.000,00 |
423.600.000,00 |
410.000.000,00 |
|
TREASURY SHARES |
-6.650.000,00 |
-6.650.000,00 |
-6.650.000,00 |
|
CAPITAL RESERVES |
|
|
2.552.783,00 |
|
PROFIT RESERVES |
|
|
3.849.854,00 |
|
RESERVES/TAX INCENTIVES |
63.677,00 |
|
|
|
ACCRUED PROFIT (LOSS) |
-2.014.612,00 |
-2.489.439,00 |
11.019.867,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
414.999.065,00 |
414.460.561,00 |
420.772.504,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
520.933.518,00 |
505.788.955,00 |
468.065.603,00 |
|
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 |
336.896.725,00 |
429.537.263,00 |
442.662.123,00 |
|
(-) TAXES ON SALES |
20.669.380,00 |
23.919.634,00 |
27.268.266,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
316.227.345,00 |
405.617.629,00 |
415.393.857,00 |
|
(-) COST OF SOLD GOODS |
257.758.125,00 |
362.084.015,00 |
301.999.760,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
58.469.220,00 |
43.533.614,00 |
113.394.097,00 |
|
OPERATING REVENUE (EXPENSE) |
-45.951.627,00 |
-41.606.556,00 |
-70.756.452,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-11.162.773,00 |
-8.239.001,00 |
-10.748.924,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.354.820,00 |
-6.311.943,00 |
31.888.721,00 |
|
CONTRIBUTION/INCOME TAX |
-816.316,00 |
|
-9.385.309,00 |
|
PROFIT SHARING |
|
|
-1.096.500,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
538.504,00 |
-6.311.943,00 |
21.406.912,00 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
2,81 |
|
2,59 |
|
4,99 |
|
|
CURRENT RATIO |
4,08 |
|
4,52 |
|
10,05 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,68 |
TIMES |
2,41 |
TIMES |
3,75 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
213,85 |
DAYS |
149,62 |
DAYS |
95,93 |
DAYS |
|
INVENTORY TURNOVER |
2,21 |
TIMES |
2,36 |
TIMES |
1,67 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
21,62 |
DAYS |
12,14 |
DAYS |
9,14 |
DAYS |
|
RETURN ON ASSETS |
,61 |
TIMES |
,80 |
TIMES |
,89 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,76 |
TIMES |
,98 |
TIMES |
,99 |
TIMES |
|
NET WORTH TIE-UP |
,35 |
|
,35 |
|
,26 |
|
|
INDEBTEDNESS |
,26 |
|
,22 |
|
,11 |
|
|
EQUITY RATIO |
79,66 |
% |
81,94 |
% |
89,90 |
% |
|
WORKING CAPITAL RATIO |
308,31 |
% |
351,64 |
% |
904,62 |
% |
|
GENERAL SOLVENCY |
4,92 |
|
5,54 |
|
9,90 |
|
|
RETURN ON NET EQUITY |
,13 |
% |
-1,52 |
% |
5,09 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,17 |
% |
-1,56 |
% |
5,15 |
% |
|
GROSS PROFIT MARGIN |
18,49 |
% |
10,73 |
% |
27,30 |
% |
|
OPERATIONAL RESULT |
,43 |
% |
-1,56 |
% |
7,68 |
% |
|
SALES TURNOVER ON LIABILITIES |
3,44 |
TIMES |
5,08 |
TIMES |
11,62 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,79 |
- OFFICIAL RATE ON 08/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON 31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW A NORMAL FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF
INDEBTEDNESS. DESPITE THE DROP IN SALES MADE PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
78.465.131,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 51.184.164,00
INSURANCE
|
THE COMPANY MAINTAINS INSURANCE COVERAGE IN AMOUNT CONSIDERED
SUFFICIENT BY THE MANAGEMENT TO COVER CONTINGENCY RISKS OVER ITS FIXED ASSETS
AND INVENTORY. |
BANKING REFERENCES
|
|
|
CITY: |
|
BANCO ITAUBANK S/A |
|
CURITIBA/PR |
|
BANCO DO BRASIL S/A |
|
LONDRINA/PR |
|
BANCO BRADESCO S/A |
|
ARAPONGAS/PR |
|
BANCO ITAÚ S/A |
|
ARAPONGAS/PR |
|
BANCO SANTANDER (BRASIL) S/A |
|
LONDRINA/PR |
|
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
|
MANUFACTURE, SALE, IMPORT AND EXPORT OF CHEMICALS, ESPECIALLY THOSE
DESTINED TO USE IN AGRICULTURE AND CATTLE BREEDING. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, FRANCE, ITALY, SPAIN, CHINA, JAPAN, INDIA, SWITZERLAND,
CHILE, ARGENTINA AND UNITED STATES. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
COMERCIAL AGRÍCLOA RAVIER LTDA |
|
|
|
COOP. CAFEICULTORES E CITRICULTORES |
|
|
|
COOP. TRITÍCOLA JÚLIO DE CASTILHOS LTDA |
|
|
|
COOPERATIVA MISTA AGROPECUÁRIA DO BRASIL |
|
|
|
DISTRIB. PITANGUEIRAS PRODUTOS AGROPECUÁRIOS |
|
|
|
VILELA VILELA & CIA LTDA |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 500 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS SINCE
1954. IT IS A WELL-KNOWN COMPANY AND OPERATES WITH A HIGH SCALE OF ACTIVITIES
AND A GOOD TRADE REPUTATION. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
AIR PRODUCTS BRASIL LTDA |
|
|
|
BAYER S/A |
|
|
|
CARBOCLORO OXIPAR IND. QUÍMICA S/A |
|
|
|
CENTRO AUTOMOTIVO TAPAJÓS LTDA |
|
|
|
OXITENO S/A INDÚSTRIA E COMÉRCIO |
|
|
|
PETROBRÁS DISTRIBUIDORA S/A |
|
|
|
ULTRAFERTIL S/A IND. COM. DE FERTILIZANTES |
|
|
|
UNIPAC IND. E COM. LTDA |
|
|
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
ALBRIGHT & WILSON AMERICAS INC. |
UNITED STATES |
|
|
ALBRIGHT & WILSON SAINT-MIHIEL |
FRANCE |
|
|
DERIVADOS DEL FLUOR S/A |
SPAIN |
|
|
FINCHIMICA S.P.A. |
ITALY |
|
|
OCCIDENTAL CHEMICAL CORP. |
UNITED STATES |
|
|
SAUREFABRIK SCHMWEIZERHALL |
SWITZERLAND |
|
|
PAYMENT HISTORY: |
|
17 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 510.074,00 |
|
|
|
AMOUNT OF INVOICES PAID: 64 |
|
TOTAL OF PROMPT PAYMENTS: 99,6% |
|
TOTAL OF DELAYED PAYMENTS: 0,4% |
|
|
|
HIGHEST INVOICE: R$ 194.215,00 |
|
HIGHEST CREDIT: R$ 194.215,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 2.520,46 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS SINCE 1954. UP
TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT PERFORMANCE. 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. DESPITE THE NEGATIVE RESULTS AN INITIAL CREDIT LIMIT OF USD 10.000.000,00
CAN BE CONSIDERED. HIGHER AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE
OF THE OPERATIONS TO BE ESTABLISHED WITH THE SUBJECT. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.28 |
|
|
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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.