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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
KEMIN DO BRASIL LTD |
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Registered Office : |
Rua Ettore Soliane, 471 - Distrito
Industrial Nova Era, 13.347-394 - Indaiatuba/Sp |
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Country : |
Brazil |
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Date of Incorporation : |
07.10.1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of additives for industrial use. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KEMIN
DO BRASIL LTDA
|
MAIN
ADDRESS: |
RUA ETTORE SOLIANE, 471 -
DISTRITO INDUSTRIAL NOVA ERA |
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ZIP CODE/CITY: |
13.347-394 - INDAIATUBA/SP |
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PHONE: |
19 2107-8000 |
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FAX: |
19 2107-8000 |
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E-MAIL: |
dalila.modesto@kemin.com |
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BRANCHES: |
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ADDRESS: |
ALAMEDA CAMPINAS,728 CONJ 702 - JARDIM PAULISTA |
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ZIP CODE/CITY: |
14040-001 SAO PAULO/SP |
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ADDRESS: |
RUA ETTORE SOLIANI,458 459 - DIST. INDUSTRIAL |
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ZIP CODE/CITY: |
13347-394 INDAIATUBA/SP |
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MAIN
ACTIVITIES: |
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MANUFACTURE OF ADDITIVES FOR INDUSTRIAL USE. |
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LEGAL
FORM: |
LIMITED LIABILITY COMPANY |
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|
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INCORPORATION DATE: |
07/10/1999 |
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REGISTER DATE: |
07/10/1999 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
03.484.601/0001-05 |
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STATE REGISTER: |
353.219.134.114 |
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SHARE CAPITAL: |
R$
17.995.313,00 |
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BOARD
OF DIRECTORS: |
|
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CARLOS MANUEL CARREIRA FIADEIRO |
MANAGER |
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DIOGO DE SOUSA MARTINS |
MANAGER |
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THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE
COMPANY. |
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SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
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KEMIN INDUSTRIES INC. |
R$
17.987.313,00 |
|
CHRISTOPHER E. NELSON |
R$
4.000,00 |
|
ROLLAND WADE NELSON |
R$
4.000,00 |
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AFFILIATES
/ SUBSIDIARIES: |
|
|
A
SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR PARTNERS HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
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SMART APOIO
ADMINISTRATIVO LTDA. |
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THE SUBJECT WAS ESTABLISHED ON OCTOBER 01, 1999 TO BE
ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. PARTNERS: KEMIN INDUSTRIES INC.: HEADQUARTERED AT 2100 MAURY ST.,
CITY DES MOINES, IOWA UNITED STATES. CHRISTOPHER E. NELSON: HOLDER OF DOCUMENTS CPF
023.329.462-41, RESIDENTIAL ADDRESS AT CITY DES MOINES, IOWA UNITED STATES. ROLLAND WADE NELSON: HOLDER OF DOCUMENTS CPF
233.294.608-06, RESIDENTIAL ADDRESS AT CITY DES MOINES, IOWA UNITED STATES. THE STREET NOMENCLATURE HAS BEEN CHANGED FROM “RUA QUATRO 471,
DISTRITO INDUSTRIAL NOVA ERA, INDAIATUBA/SP” TO THE NAME STATED AT THE
CAPTION. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MRS. DANIELA,
FINANCIAL DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF
INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED. IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED
SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER
INFORMATION. THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE
SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH
SEVERAL SOURCES USUALLY INVESTIGATED. |
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PUBLIC
INFORMATION: |
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LAWSUITS: |
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|
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DATE: |
COURT OF LAW: |
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1 |
MUNICIPAL LAWSUIT |
13/11/09 |
VARA DE LEME/SP |
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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. OUTSIDE SOURCES CONTACTED SHOWED NO FINANCIAL DATA ABOUT
THIS COMPANY. |
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EXCHANGE
RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON
13/08/2012 |
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COMMENTS
ON THE FINANCIAL INFORMATION: |
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IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE
MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING. |
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REAL
ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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NOT AVAILABLE. |
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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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF
"CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). |
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MANUFACTURE OF ADDITIVES FOR INDUSTRIAL USE. |
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IMPORT
AND EXPORT: |
IMPORTS
FROM:
|
NOT AVAILABLE. |
EXPORTS
TO:
|
NOT AVAILABLE. |
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MAIN
CLIENTS: |
|
|
|
|
|
|
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DOMESTIC
CLIENTS: |
|
|
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NOT AVAILABLE. |
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|
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STAFF: |
|
|
|
NOT AVAILABLE |
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THE SUBJECT WAS ESTABLISHED IN 2009. SO FAR IT HAS A CLEAR
TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR. THE COMPANY HAS TRADE RELATIONS WITH SOME 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS
RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S
TRADE REPUTATION. |
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MAIN
SUPPLIERS: |
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|
|
|
|
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DOMESTIC
SUPPLIERS: |
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|
|
CDC BRASIL DIST. LTDA |
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|
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GIMBA SUPRIMENTOS DE ESCRIT. E INFORM. LTDA |
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ROBERTO CERVILLINI & CIA LTDA |
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PAYMENT
HISTORY: |
|
06 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL
AMOUNT: R$ 129.791,00 |
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AMOUNT OF INVOICES PAID: 19 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 40.778,00 |
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HIGHEST CREDIT: R$ 40.778,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$
271,44 |
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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.55.70 |
|
|
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.