MIRA INFORM REPORT
|
Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
VILLARES METALS SA |
|
|
|
|
Registered Office : |
Rua Alfredo Dumont Villares, 155 - Prédio Administrativo - Jardim Santa Carolina, Zip Code 13177-900 - Sumaré/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
31.12.1961 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Iron and steel foundry
industry |
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 : |
Slow but Correct |
|
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
VILLARES METALS
S/A
COMPANY ADDRESSES
|
MAIN ADDRESS: |
RUA ALFREDO DUMONT VILLARES, 155 - PRÉDIO ADMINISTRATIVO - JARDIM
SANTA CAROLINA |
|
ZIP CODE/CITY: |
13177-900 - SUMARÉ/SP |
|
|
|
|
PHONE: |
19 3303-8000 |
|
FAX: |
19 3303-8164 |
|
E-MAIL: |
eder.dallorto@villaresmetals.com.br |
|
WEB SITE: |
www.villaresmetals.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA ALFREDO DUMONT VILLARES, 155 - JARDIM SANTA CAROLINA |
|
ZIP CODE/CITY: |
13178-902 SUMARÉ/SP |
|
PHONE: |
19 3303-8000 |
|
FAX: |
19 3303-8696 |
|
CNPJ: |
42.566.752/0004-07 |
|
STATE REGISTER: |
671.087.638.111 |
|
|
|
|
ADDRESS: |
RUA PADRE MADUREIRA, 431 - ÁRVORE GRANDE |
|
ZIP CODE/CITY: |
18013-210 SOROCABA/SP |
|
PHONE: |
15 4009-9301 |
|
FAX: |
15 4009-9459 |
|
CNPJ: |
42.566.752/0006-79 |
|
STATE REGISTER: |
669.259.259.110 |
|
|
|
|
ADDRESS: |
RUA ALFREDO DUMONT VILLARES, 155 - JARDIM SANTA CAROLINA |
|
ZIP CODE/CITY: |
13177-900 SUMARÉ/SP |
|
PHONE: |
0800-7070577 |
|
REPRESENTATIVE OFFICES: BELO HORIZONTE/MG FAX: 31 3444-5257 CELLULAR: 31 9982-2140 CAMPINAS/SP FAX: 19 3227-7079 CELLULAR: 19 9773-1064/9211-6417 CURITIBA/PR FAX: 41 3585-2000 CELLULAR: 41 9972-3421 PORTO ALEGRE/RS FAX: 51 3241-3250 CELLULAR: 51 9968-6913 JOINVILLE/SC FAX: 47 3455-2056 CELLULAR: 47 9984-3289 RIO DE JANEIRO/RJ FAX: 21 2481-1697 CELLULAR: 21 9966-7223 SÃO PAULO/SP FAX: 11 4238-6495 CELLULAR: 11 8181-9138 CAXIAS DO SUL/RS FAX: 54 3211-0046 CELLULAR: 54 8121-6999 FOREIGN TRADE OFFICE: BUENOS AIRES/ARGENTINA LAVALLE, 643 - 3º PISO - OFICINA "H" PHONE: 54-11-4322-7882 FAX: 54-11-4322-2210 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
IRON AND STEEL FOUNDRY INDUSTRY. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
31/12/1961 |
|
REGISTER DATE: |
31/12/1961 |
|
BALANCE SHEET FILING DATE: |
31/03 |
|
TAX CONTRIBUTOR NUMBER (CNPJ): |
42.566.752/0001-64 |
|
STATE REGISTER: |
671.208.310.111 |
|
|
|
|
SHARE CAPITAL: |
R$ 438.876.666,86 |
|
LAST REGISTER OF CAPITAL: |
31/10/2005 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
HARRY PETER GRANDBERG |
PRESIDENT DIRECTOR |
|
EDSON MENDES VIEIRA |
INDUSTRIAL DIRECTOR |
|
HERWIG OSKAR ERICH PETSCHENIG |
COMMERCIAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
BOHLER-UDDEHOLM AG - PARTICIPAÇÕES |
99,99% |
|
BOLDRINI E CIA LTDA |
0,01% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
VILLARES METALS INTERNATIONAL - B.V. (HOLLAND) |
100,0% |
|
VILLARES STEEL SUOMI OY (FINLAND) |
|
|
AÇOS BOHLER UDDEHOLM DO BRASIL LTDA (BRAZIL) |
|
|
BOHLER UTP TECNICA SOLDAGEM LTDA |
|
|
BOHLER EDELSTAHL GMBH |
|
|
BOHLER BRECHE GMBH |
|
|
BUMX DE MEXICO S.A. DE C.V. |
|
|
BOHLER UDDEHOLM LTD |
|
|
ACEROS BOHLER DEL ECUADOR S/A |
|
|
IS INTERSTEEL STAHLHANDELS GMBH |
|
|
UDDEHOLM TOOLING AG |
|
|
BOHLER UDDEHOLM SPECIALITY METALS INC |
|
|
BOHLER UDDEHOLM AMERICAN CORPORATION |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON OCTOBER 31, 1961 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. ON FEBRUARY 10, 1992 SUBJECT CHANGED ITS CORPORATE NAME FROM
ELETROMETAL METAIS ESPECIAIS LTDA. TO ELETROMETAL S/A METAIS ESPECIAIS.
FOLLOWING THIS ON JANUARY 30, 1996 THE SUBJECT ADOPTED THE PRESENT REGISTERED
NAME. ON DECEMBER 23, 2003 THE CONTROLLER AÇOS VILLARES S.A. SIGNED WITH
BÖLER-UDDEHOLM AG, COMPANY HEADQUARTERED IN VIEN, AUSTRIA, AN INVESTMENT
AGREEMENT WHICH, UPON COMPLETED SOME REQUIREMENTS, WILL RESULT IN THE
TRANSFERENCE OF SUBJECT'S CONTROLLING SHAREHOLDING TO THAT COMPANY. THE
OPERATION WILL BE CARRIED OUT THROUGH THE INCREASE OF SUBJECT'S SHARE
CAPITAL, TO BE PAID-UP BY BÖHLER. THE RESOURCES OF THE CAPITAL INCREASE, IN
THE AMOUNT OF R$ 217.348.000,00, AND CONTINGENCY PRICE ADJUSTMENT BY INVESTMENTS
AND WORKING CAPITAL, WILL BE USED TO PAY TO THE CURRENT CONTROLLER ACOS
VILLARES S.A., BY THE ASSUMPTION OF ALL SUBJECT'S FINANCIAL LIABILITIES. BÖHLER-UDDEHOLM AG IS ONE OF THE LARGEST PRODUCERS OF HIGH ALLOY
STEEL, AND WORLD LEADER IN STEEL-TOOLING. BUSINESS ADDRESS HAS CHANGED FROM (AV. MARIA COELHO AGUIAR, 215, BLOCO
A, 5º ANDAR, JARDIM SÃO LUIZ - SÃO PAULO/SP) TO THE PRESENT REGISTERED ONE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
MUNICIPAL LAWSUIT |
25/02/08 |
VARA DE SUMARÉ/SP |
|
2 |
FEDERAL LAWSUITS |
02/02/10 |
VARA DE SUMARÉ/SP |
|
3 |
STATE LAWSUITS |
29/09/10 |
VARA DE SUMARÉ/SP |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/03/2010, 31/03/2009 AND 31/03/2008. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
CASH AND BANKS |
84.201 |
24.512 |
35.823 |
|
CLIENTS |
103.718 |
114.066 |
115.765 |
|
INTERCOMPANY CREDITS |
8.966 |
26.230 |
64.044 |
|
INVENTORY |
162.828 |
187.446 |
219.548 |
|
DEFERRED TAXES |
7.655 |
5.061 |
4.602 |
|
RECOVERABLE TAXES |
8.026 |
25.790 |
17.012 |
|
PRE PAID EXPENSES |
239 |
144 |
150 |
|
OTHER CREDITS |
1.109 |
741 |
2.110 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
376.742 |
383.990 |
459.054 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE TAXES |
39.106 |
10.798 |
12.910 |
|
DEFERRED TAXES |
3.260 |
5.452 |
5.435 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
42.366 |
16.250 |
18.345 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
12.058 |
17.410 |
22.830 |
|
FIXED ASSETS |
491.962 |
494.257 |
490.180 |
|
INTANGIBLE |
18.978 |
17.661 |
5.690 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
522.998 |
529.328 |
518.700 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
942.106 |
929.568 |
996.099 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
LOANS AND FINANCING |
102.518 |
134.718 |
78.181 |
|
SUPPLIERS |
85.260 |
132.944 |
203.061 |
|
INTERCOMPANY DEBTS |
4.921 |
5.623 |
4.354 |
|
LEASING |
145 |
642 |
2.031 |
|
TAXES & CONTRIBUTIONS |
7.688 |
16.079 |
10.415 |
|
LABOR OBLIGATIONS |
21.714 |
17.740 |
17.563 |
|
OTHER DEBTS |
7.424 |
5.182 |
21.692 |
|
INTERESTS ON OWN CAPITAL |
|
31.398 |
32.491 |
|
DIVIDENDS |
4.866 |
32.724 |
716 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
234.536 |
377.050 |
370.504 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
209.093 |
7.823 |
|
|
LEASING |
71 |
217 |
497 |
|
TAXES AND CONTRIBUTIONS |
5.867 |
7.994 |
9.967 |
|
PROVISION FOR CONTINGENCIES |
5.718 |
14.095 |
14.073 |
|
DEFERRED TAXES |
1.926 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
222.675 |
30.129 |
24.537 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
438.877 |
438.877 |
438.877 |
|
CAPITAL RESERVES |
3.672 |
3.672 |
3.672 |
|
REVALUATION RESERVES |
|
|
10.036 |
|
LEGAL RESERVES |
20.277 |
20.277 |
18.555 |
|
ACCRUED PROFIT (LOSS) |
25.651 |
59.563 |
129.918 |
|
OTHER COMPREHENSIVE INCOME |
-3.582 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
484.895 |
522.389 |
601.058 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
942.106 |
929.568 |
996.099 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/03/2010, 31/03/2009 AND 31/03/2008. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
|
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
|
|
|
|
|
GROSS SALES |
631.966 |
1.190.320 |
281.228 |
|
(-) TAXES ON SALES |
155.628 |
246.735 |
58.307 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
476.338 |
943.585 |
222.921 |
|
(-) COST OF SOLD GOODS |
426.470 |
729.871 |
188.206 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
49.868 |
213.714 |
34.715 |
|
OPERATING REVENUE (EXPENSE) |
-89.257 |
-135.849 |
-26.999 |
|
FINANCIAL REVENUE (EXPENSE) |
-12.239 |
-22.385 |
2.291 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-51.628 |
55.480 |
10.007 |
|
CONTRIBUTION/INCOME TAX |
17.716 |
-21.034 |
-2.765 |
|
INTERESTS ON OWN CAPITAL |
|
36.939 |
8.300 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-33.912 |
71.385 |
15.542 |
|
MONTHLY SALES |
|||
|
|
2011 |
2010 |
2009 |
|
|
--------------------- |
--------------------- |
--------------------- |
|
JANUARY |
R$ 70.357.383,00 |
R$ 53.267.263,00 |
R$ 80.471.348,00 |
|
FEBRUARY |
R$ 73.833.785,00 |
R$ 63.821.169,00 |
R$ 68.428.558,00 |
|
MARCH |
R$ 89.238.010,00 |
R$ 67.515.482,00 |
R$ 62.952.838,00 |
|
APRIL |
|
R$ 76.351.498,00 |
R$ 53.536.074,00 |
|
MAY |
|
R$ 77.570.395,00 |
R$ 44.580.802,00 |
|
JUNE |
|
R$ 77.953.990,00 |
R$ 40.599.026,00 |
|
JULY |
|
R$ 83.671.346,00 |
R$ 43.486.262,00 |
|
AUGUST |
|
R$ 85.992.033,00 |
R$ 46.746.277,00 |
|
SEPTEMBER |
|
R$ 75.688.678,00 |
R$ 52.484.164,00 |
|
OCTOBER |
|
R$ 83.153.588,00 |
R$ 54.776.687,00 |
|
NOVEMBER |
|
R$ 76.191.222,00 |
R$ 48.981.478,00 |
|
DECEMBER |
|
R$ 71.356.125,00 |
R$ 46.619.674,00 |
|
TOTAL |
R$
233.429.178,00 |
R$
892.532.789,00 |
R$
643.663.188,00 |
|
RATIOS: |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
QUICK RATIO |
,91 |
|
,52 |
|
,65 |
|
|
CURRENT RATIO |
1,61 |
|
1,02 |
|
1,24 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,59 |
TIMES |
8,27 |
TIMES |
1,93 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
19,60 |
DAYS |
10,88 |
DAYS |
46,74 |
DAYS |
|
INVENTORY TURNOVER |
2,62 |
TIMES |
3,89 |
TIMES |
,86 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
17,99 |
DAYS |
16,39 |
DAYS |
97,10 |
DAYS |
|
RETURN ON ASSETS |
,51 |
TIMES |
1,02 |
TIMES |
,22 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,98 |
TIMES |
1,81 |
TIMES |
,37 |
TIMES |
|
NET WORTH TIE-UP |
1,01 |
|
,95 |
|
,82 |
|
|
INDEBTEDNESS |
,94 |
|
,78 |
|
,66 |
|
|
EQUITY RATIO |
51,47 |
% |
56,20 |
% |
60,34 |
% |
|
WORKING CAPITAL RATIO |
60,63 |
% |
1,84 |
% |
23,90 |
% |
|
GENERAL SOLVENCY |
2,06 |
|
2,28 |
|
2,52 |
|
|
RETURN ON NET EQUITY |
-6,99 |
% |
13,67 |
% |
2,59 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-7,12 |
% |
7,57 |
% |
6,97 |
% |
|
GROSS PROFIT MARGIN |
10,47 |
% |
22,65 |
% |
15,57 |
% |
|
OPERATIONAL RESULT |
-10,84 |
% |
5,88 |
% |
4,49 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,03 |
TIMES |
2,50 |
TIMES |
,60 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,57 |
- OFFICIAL RATE ON 02/05/2011 |
|
US$ 1,00 = R$ 1,78 |
- OFFICIAL RATE ON 31/03/2010 |
|
US$ 1,00 = R$ 2,31 |
- OFFICIAL RATE ON 31/03/2009 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/03/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE ANNUAL FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. IT IS
NOTED SOMEHOW HIGH LEVEL OF INDEBTEDNESS BUT IT HAS GOOD CURRENT RATIO AND
POSITIVE WORKING CAPITA, CONSIDERED SUFFICIENT TO COVER THE SHORT TERMS
DEBTS. IT SHOWS HIGH DROP IN SALES AND ITS HIGH COSTS AND EXPENSES DROVE THE
COMPANY TO MAKE NEGATIVE RESULTS. THE SUBJECT HAS A HUGE FINANCIAL POWER THEREFORE IT IS NOT LIKELY TO
FACE FINANCIAL PROBLEMS. REMARKS: IN SEPTEMBER 2008 THE SUBJECT ALTERED ITS FISCAL YEAR FROM DECEMBER 31
TO MARCH 31 OF EACH YEAR, THEREFORE THE FIGURES FROM MARCH 31, 2008 COMPRISE
3 MONTHS ONLY. THE COMPANY DID NOT PROVIDE CLARIFICATION ABOUT SUCH DROP IN SALES.
THE BALANCE SHEET FOR FISCAL 2011 IS NOT READY YET. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 41.660.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
4.593.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE
VALUED AT R$ 268.797,00
INSURANCE
|
COVERAGE: |
FIRE, CIVIL LIABILITY, THEFT AND OTHERS |
|
VALUE: |
R$ 930.116.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO SANTANDER (BRASIL) S/A |
11 3012-7037 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
11 2128-7226 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
11 2178-4148 |
SÃO BERNARDO DO CAMPO/SP |
|
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
|
SUBJECT IS ENGAGED IN IRON AND STEEL FOUNDRY INDUSTRY. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, CHILE, AUSTRIA, GERMANY AND SWITZERLAND. |
EXPORTS TO:
|
UNITED STATES, ARGENTINA, ITALY AND HOLLAND. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
AÇOS TREFITA LTDA |
SÃO PAULO/SP |
11 2795-2555 |
|
ARMCO BRASIL S/A |
SÃO PAULO/SP |
11 6915-2600 |
|
CARBINOX IND. E COM. LTDA |
MOGI DAS CRUZES/SP |
11 4795-9000 |
|
DORMER |
SÃO PAULO/SP |
11 5660-3034 |
|
EATON CORPORATION BRASIL |
SÃO JOSÉ DOS CAMPOS/SP |
12 3331-3233 |
|
JATI-SERVIÇOS COM. E IMP. DE AÇOS LTDA |
SÃO PAULO/SP |
11 2172-0405 |
|
SALGUEIRO IND. E COM. DE AÇO LTDA |
SÃO PAULO/SP |
11 2274-0133 |
|
SIFCO S/A |
JUNDIAÍ/SP |
11 7398-1500 |
|
TAURUS SL |
PORTO ALEGRE/RS |
51 3021-3000 |
|
TRW BRASIL S/A |
SANTO ANDRÉ/SP |
11 3416-4400 |
|
VETCO GRAY |
JANDIRA/SP |
11 4772-3300 |
|
WELLSTREAM DO BRASIL INDÚSTRIA E SERVIÇOS |
RIO DE JANEIRO/RJ |
21 2107-6500 |
|
FOREIGN CLIENTS: |
COUNTRY: |
|
EATON |
ITALY |
|
OH & R/TIMKEN |
UNITED STATES |
|
STELL INDUSTRIA |
UNITED STATES |
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STAFF: |
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THE COMPANY HAS: 1.332 EMPLOYEES |
CONCEPT AND FULFILMENT
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THE SUBJECT IS A WELL-ESTABLISHED AND LARGE-SIZED COMPANY. IT BELONGS
TO AN IMPORTANT INDUSTRIAL GROUP AND OPERATES WITH A GROWING SCALE OF
ACTIVITIES AND AN EXCELLENT 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. MOST OF THE SUPPLIERS WHICH PROVIDED INFORMATION REPORTED PROMPT
PAYMENTS, THUS THE SUBJECT HAS A GOOD PAYMENT RECORD. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
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CIA BRASILEIRA DE PETRÓLEO IPIRANGA |
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19 3874-1538 |
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CIA DE FERRO LIGAS DA BAHIA - FERBASA |
POJUCA/BA |
71 3645-8740 |
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CIA DE GÁS DE SÃO PAULO - COMGAS |
CAMPINAS/SP |
19 3797-9750 |
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CIA NIQUEL TOCANTINS |
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11 6956-8600 |
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COLETTI COM. SUCATAS DE FERRO E AÇOS LTDA |
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19 3433-4897 |
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CPFL COMERCIALIZAÇÃO BRASIL LTDA |
CAMPINAS/SP |
19 3756-8936 |
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SUPERGÁSBRAS DISTRIBUIDORA DE GAZ S/A |
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19 3874-2464 |
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VOTORANTIM METAIS NIQUEL S.A |
SÃO PAULO/SP |
11 2159-3116 |
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WHITE MARTINS GASES INDUSTRIAIS S/A |
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12 3232-4666 |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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CODELCO |
CHILE |
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CORPORACION NACIONAL DEL COBRE DE CHILE - CODELCO |
SANTIAGO, CHILE |
(562) 690-3000 |
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CRONIMET FERROLEGIERRUNGEN GMBH |
GERMANY |
+49 721 95225-0 |
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GLENCORE INTERNATIONAL AG - RIO DE JANEIRO |
BAAR, SWITZERLAND |
21 3873-3304 |
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INTERALLOYS TRADING AND BUSINESS |
AUSTRIA |
+43 1 504-0651 |
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MOLIBDENOS Y METALES S/A - MOLYMET |
SANTIAGO, CHILE |
56-2 3683632 |
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PAYMENT HISTORY: |
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09 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 799.827,00 |
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AMOUNT OF INVOICES PAID: 355 |
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TOTAL OF PROMPT PAYMENTS: 74,2% |
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TOTAL OF DELAYED PAYMENTS: 25,8% |
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HIGHEST INVOICE: R$ 43.946,00 |
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HIGHEST CREDIT: R$ 43.946,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
17 |
R$ 34.228,68 |
FINAL OPINION
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. IT SHOWS FAIR FINANCIAL STANDING BUT THE COMPANY KEEPS OPERATING
NORMALLY AND KEEPS MEETING ITS TRADE AND FINANCIAL COMMITMENTS PROPERLY. BASED ON THE OVERALL INFORMATION AVAILABLE THE SUBJECT MAY BE
CONSIDERED FOR NORMAL TRADE COMMITMENTS. CREDIT FACILITIES ARE STILL
ADVISABLE WITHIN TERMS AND AMOUNTS ADEQUATE TO THE SUBJECT'S SCALE OF
BUSINESS. DESPITE THE NEGATIVE RESULT THE SUBJECT IS STILL CONSIDERED GOOD FOR
AN INITIAL CREDIT LIMIT OF USD 10.000.000,00. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.34 |
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UK Pound |
1 |
Rs.73.70 |
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Euro |
1 |
Rs.65.75 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.