MIRA
INFORM REPORT
|
Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOVELIS DO BRASIL LTDA. |
|
|
|
|
Registered Office : |
Avenida Das Nações Unidas,12551 - 15º Andar - Torre Wtc - Brooklin
Novo 04578-000 - São Paulo/Sp |
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|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
30.09.2011 |
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|
|
|
Date of Incorporation : |
31.12.1940 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Iron, Steel and Metal Drawn Products (Screw, Pin,
Rivet, Screw-Nut and Washers). |
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|
|
|
No. of Employees : |
1805 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5.000.000,00 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Exists |
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
NOVELIS DO BRASIL LTDA.
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS,12551 - 15º ANDAR - TORRE WTC - BROOKLIN
NOVO |
|
ZIP CODE/CITY: |
04578-000 - SÃO PAULO/SP |
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|
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PHONE: |
11 5503-0722 |
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FAX: |
11 5503-0722 |
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E-MAIL: |
nsa.presidencia@novelis.com.br |
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WEB SITE: |
www.novelis.com.br |
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BRANCHES: |
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|
|
|
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REQUESTED ADDRESS: |
AVENIDA BURITI,1087 - FEITAL |
|
ZIP CODE/CITY: |
12400-970 PINDAMONHANGABA/SP |
|
PHONE: |
12 3641-9601 |
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FAX: |
12 3641-2136 |
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CNPJ: |
60.561.800/0041-09 |
|
|
|
|
ADDRESS: |
RUA FELIPE CAMARÃO,414 - UTINGA |
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ZIP CODE/CITY: |
09220-902 SANTO ANDRÉ/SP |
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PHONE: |
11 4469-6200 |
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FAX: |
11 4469-6320 |
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|
|
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ADDRESS: |
AVENIDA AMÉRICA RENE GIANETTI,521 - SARAMENHA |
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ZIP CODE/CITY: |
35400-000 OURO PRETO/MG |
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PHONE: |
31 3559-9555 |
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FAX: |
31 3551-2319 |
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|
|
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ADDRESS: |
AVENIDA PAULO VI,191 - CAIXA POSTAL 7391 - CORREIO CENTRAL - PITUBA |
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ZIP CODE/CITY: |
41810-000 SALVADOR/BA |
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PHONE: |
71 3602-6111 |
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FAX: |
71 3602-3193 |
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|
|
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ADDRESS: |
VIA DAS TORRES - S/Nº.,0 - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
43813-100 CANDEIAS/BA |
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ADDRESS: |
RUA MARCELO MULLER,825 - JARDIM INDEPENDENCIA |
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ZIP CODE/CITY: |
03223-060 SÃO PAULO/SP |
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|
|
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ADDRESS: |
RUA IZABEL BECEGATO COSTA,175 - SEM DENOMINAÇÃO I |
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ZIP CODE/CITY: |
19100-000 PRESIDENTE PRUDENTE/SP |
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ADDRESS: |
RUA GENARO DE CARVALHO,243 - DOM AVELAR |
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ZIP CODE/CITY: |
41315-290 SALVADOR/BA |
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ADDRESS: |
RUA ANA BARRETO,237 GALPÃO E,F - JARDIM JORDÃO |
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ZIP CODE/CITY: |
54315-050 JABOATÃO DOS GUARARAPES/PE |
|
FURTHER TO THE ABOVE THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN:
BELÉM, BELO HORIZONTE, BRASÍLIA, CABO DE SANTO AGOSTINHO, CAETE, CAMPINAS,
CAMPO GRANDE, CANDEIRAS, CAXIAS DO SUL, CONTAGEM, CURITIBA, FARIA DE LEMOS,
GOIÂNIA, GUARACIABA, ITABIRITO, JUNDIAÍ, MANAUS, MARIANA, MAUÁ. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF IRON, STEEL AND METAL DRAWN PRODUCTS (SCREW, PIN,
RIVET, SCREW-NUT AND WASHERS). |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
31/12/1940 |
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REGISTER DATE: |
21/01/1941 |
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BALANCE SHEET FILING DATE: |
31/03 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
60.561.800/0001-03 |
|
STATE REGISTER: |
100.456.654.115 |
|
|
|
|
SHARE CAPITAL: |
R$
120.131.000,00 |
|
LAST REGISTER OF CAPITAL: |
18/09/2008 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARCO ANTONIO PALMIERI |
PRESIDENT DIRECTOR |
|
JOSE PAULO MENEZES BARBOSA |
DIRECTOR |
|
MARCELLO GIANNUBILO SCHUTZER |
FINANCIAL DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
NOVELIS INC. |
R$
120.130.999,00 |
|
NOVELIS SOUTH AMERICA HOLDING LLC |
R$ 1,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
ALCAN EMBALAGENS DO BRASIL LTDA |
|
|
ALCAN ALUMINA LTDA |
|
|
ALCAN PACKAGING DO BRASIL LTDA |
|
|
ALCAN COMPOSITES BRASIL S/A |
|
|
PETROCOQUE S/A INDÚSTRIA E COMÉRCIO |
|
|
CONSÓRCIO DO ALUMÍNIO DO MARANHÃO |
|
|
STUDIO A INFORMÁTICA LTDA |
|
|
CONSÓRCIO CANDONGA |
|
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON DECEMBER 31, 1940 TO BE ENGAGED IN THE
SAID LINE OF BUSINESS. FORMERLY THE COMPANY OPERATED WITH THE REGISTERED NAME ALCAN ALUMINIO
DO BRASIL S/A. ON APRIL 24, 1997 IT CHANGED THE LEGAL FORM FROM PRIVATELY
HELD CORPORATION TO LIMITED LIABILITY COMPANY AND ADOPTED THE CURRENT
REGISTERED NAME. THE SUBJECT BELONGS TO THE CANADIAN GROUP ALCAN ALUMINUM LIMITED, A
WORLDWIDE LEADER IN THE PRODUCTION OF LAMINATES AND FLEXIBLE PACKAGES. IN
BRAZIL THE SUBJECT COMPANY IS ENGAGED IN THE PRODUCTION OF THE FOLLOWING
GOODS: - PRODUCTION OF PRIMARY ALUMINUM. - PRODUCTION OF LAMINATES (ALUMINUM SHEETS) - PRODUCTION OF FLEXIBLE PACKAGES - RECYCLING OF THE SAID PRODUCTS. THE SUBJECT OPERATES WITH A PRODUCTION SYSTEM FOR THE PRODUCTION OF
PRIMARY ALUMINUM WHICH IS SAID TO HAVE THE LOWER PRODUCTION COST IN THE WHOLE
WORLD. PREVIOUS CORPORATE NAME: ALCAN ALUMINIO DO BRASIL LTDA. ON JANUARY 1,
2005 ITS CORPORATE NAME WAS MODIFIED TO THE CURRENT ONE. THE SUBJECT GROUP: NOVELIS GROUP IS A GROUP BASED IN CLEVELAND, U.S.A. AND HAS SUBSIDIARY
COMPANIES LOCATED IN ASIA, EUROPE, NORTH AND SOUTH AMERICA. THE GROUP HAS AN STRONG MARKET SHARE IN INDUSTRIES SUCH AS AUTOMOTIVE,
ALUMINUM CANS FOR BEVERAGE, SHEETS AND RAW MATERIAL FOR INDUSTRIAL USAGE,
LITHOGRAPHY AND RELATED ACTIVITIES. THE GROUP HAS 37 FACTORIES LOCATED IN 12 COUNTRIES, 14000 EMPLOYEES
AND TOTAL SALES OF OVER USD 7,5 BILLION AND TOTAL ASSETS OF OVER USD 5,9
BILLION. THE GROUP IS THE BIGGEST INDIVIDUAL BUYER OF ALUMINUM IN THE WORLD
AND LEADER IN THE ALUMINUM RECYCLING. PARTNERS: NOVELIS INC.: COMPANY, DULY INCORPORATED AND
EXISTING ACCORDING TO THE LAWS OF THE CANADA, WITH HEAD OFFICE AT 191 EVANS
AVENUE, TORONTO, ONTARIO M8Z 1J5, CANADA, HEREIN REPRESENTED BY ITS LEGAL
REPRESENTATIVE MR. ALESANDRE MOREIRA MARTINS DE ALMEIDA, BRAZILIAN, MARRIED,
ENGINEER, RESIDENTIAL ADDRESS AT AV. DAS NAÇÕES UNIDAS, 12.551, 15º ANDAR,
HOLDER OF DOCUMENTS, RG M-1.516.659 SSP/MG AND CPF 638.997.606-20; NOVELIS SOUTH AMERICA HOLDING LLC: A LIMITED LIABILITY COMPANY, DULY
INCORPORATED AND EXISTING ACCORDING TO THE LAWS OF THE STATE OF DELAWARE,
UNITED SYTATES OF AMERICA, WITH HEAD OFFICE AT 3399 PEACHTREE ROAD NE, SUITE
500, ATLANTA, GEORGIA 30326, HEREIN REPRESENTED BY ITS LEGAL REPRESENTATIVE
MR. ALESANDRE MOREIRA MARTINS DE ALMEIDA, AS ABOVE MENTIONED. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
|
PROTESTS: |
|
PROTESTS: |
|
12 PROTESTS,TOTAL AMOUNT R$
32.636,00 |
|
DATE OF FIRST PROTEST:
12/2011 R$ 8.565,79 |
|
DATE OF HIGHEST PROTEST:
09/2009 R$ 1.581,00 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTÓRIO DE SANTO ANDRÉ/SP |
09/2011 |
R$ 2.314,75 |
|
10º CARTÓRIO DE SÃO PAULO/SP |
09/2011 |
R$ 3.150,00 |
|
CARTÓRIO DE SANTO ANDRÉ/SP |
09/2011 |
R$ 138,00 |
|
CARTORIO DE OURO PRETO/MG |
09/2011 |
R$ 372,00 |
|
CARTÓRIO DE SANTO ANDRÉ/SP |
08/2011 |
R$ 30.927,25 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
4 |
FEDERAL LAWSUITS |
06/12/11 |
VARA DE PINDAMONHANGABA/SP |
|
2 |
STATES LAWSUITS |
18/03/11 |
1º VARA DE MAUA/SP |
|
2 |
EXECUTIVE LAWSUITS |
29/09/11 |
7º VARA DE SANTOS/SP |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/09/2011, 31/03/2011 AND 31/03/2010. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
(6 MONTHS) |
|
|
|
CURRENT: |
30/09/2011 |
31/03/2011 |
31/03/2010 |
|
|
|
|
|
|
CASH AND BANKS |
249.134 |
227.826 |
268.230 |
|
CLIENTS |
232.992 |
276.352 |
152.578 |
|
INVENTORY |
229.913 |
214.894 |
212.599 |
|
RECOVERABLE TAXES |
|
27.962 |
28.704 |
|
DERIVATIVES OPERATIONS |
|
86.200 |
80.600 |
|
ACCOUNTS RECEIVABLE |
98.237 |
16.509 |
4.155 |
|
CURRENT ACCOUNTS |
65.547 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
875.823 |
849.743 |
746.866 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ADVANCE TO RELATED PARTIES |
|
56.951 |
62.441 |
|
RECOVERABLE TAXES |
48.824 |
11.433 |
4.382 |
|
DEFERRED TAXES |
|
37.518 |
44.410 |
|
JUDICIAL DEPOSITS |
64.528 |
88.623 |
81.373 |
|
DERIVATIVES OPERATIONS |
|
23.569 |
|
|
MUTUAL CONTRACT |
64.904 |
|
|
|
ACCOUNTS RECEIVABLES |
9.147 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
187.403 |
218.094 |
192.606 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
7 |
|
|
|
FIXED ASSETS |
597.074 |
1.034.581 |
1.128.707 |
|
INTANGIBLE |
17.448 |
9.100 |
13.427 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
614.529 |
1.043.681 |
1.142.134 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
1.677.755 |
2.111.518 |
2.081.606 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
30/09/2011 |
31/03/2011 |
31/03/2010 |
|
|
|
|
|
|
SUPPLIERS |
124.544 |
182.496 |
115.066 |
|
LOANS AND FINANCING |
|
2.055 |
2.256 |
|
SOCIAL / LABOR OBLIGATIONS |
24.944 |
46.941 |
37.244 |
|
TAXES & CONTRIBUTIONS |
59.122 |
13.572 |
17.898 |
|
INSTALLMENTS TAXES PAYABLE |
|
33.069 |
9.035 |
|
DERIVATIVES OPERATIONS |
|
18.194 |
39.261 |
|
ACCOUNTS PAYABLE |
26.295 |
26.381 |
16.538 |
|
ADVANCE FROM CLIENTS |
5.365 |
7.941 |
17.726 |
|
OTHER DEBTS |
103.630 |
23.914 |
26.975 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
343.900 |
354.563 |
281.999 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
481.614 |
406.775 |
446.025 |
|
INTERCOMPANY DEBTS |
|
8.594 |
|
|
DEFERRED TAXES |
436.347 |
316.710 |
359.153 |
|
INSTALLMENTS TAXES PAYABLE |
|
263.826 |
45.495 |
|
PROVISION FOR CONTINGENCIES |
|
62.818 |
295.325 |
|
DERIVATIVES OPERATIONS |
|
17 |
64 |
|
OTHER |
47.790 |
23.213 |
24.837 |
|
CURRENT ACCOUNT |
5.702 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
971.453 |
1.081.953 |
1.170.899 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
120.131 |
120.131 |
120.131 |
|
OTHER COMPREHENSIVE INCOME |
|
345.848 |
396.890 |
|
ACCRUED PROFIT (LOSS) |
242.271 |
238.569 |
79.012 |
|
PRIOR YEARS ADJUSTMENTS |
|
-29.546 |
32.675 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
362.402 |
675.002 |
628.708 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
1.677.755 |
2.111.518 |
2.081.606 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2012, 31/03/2011 AND 31/03/2010. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
30/09/2011 |
31/03/2011 |
31/03/2010 |
|
|
(6 MONTHS) |
|
|
|
NET SALES |
997.131 |
2.081.566 |
2.091.405 |
|
(-) COST OF SOLD GOODS |
883.858 |
1.922.810 |
1.904.630 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
113.273 |
158.756 |
186.775 |
|
OPERATING REVENUE (EXPENSE) |
-73.827 |
-126.352 |
-182.502 |
|
FINANCIAL REVENUE(EXPENSE) |
-3.266 |
131.525 |
77.281 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
36.180 |
163.929 |
81.554 |
|
NON-OPERATING RESULT |
657 |
|
|
|
CONTRIBUTION/INCOME TAX |
-10.830 |
-44.422 |
-49.325 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
26.007 |
119.507 |
32.229 |
|
RATIOS: |
30/09/2011 |
31/03/2011 |
31/03/2010 |
|
QUICK RATIO |
1,88 |
|
1,79 |
|
1,89 |
|
|
CURRENT RATIO |
2,55 |
|
2,40 |
|
2,65 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,28 |
TIMES |
7,53 |
TIMES |
13,71 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
42,06 |
DAYS |
47,79 |
DAYS |
26,26 |
DAYS |
|
INVENTORY TURNOVER |
3,84 |
TIMES |
8,95 |
TIMES |
8,96 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
25,36 |
DAYS |
34,17 |
DAYS |
21,75 |
DAYS |
|
RETURN ON ASSETS |
,59 |
TIMES |
,99 |
TIMES |
1,00 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,75 |
TIMES |
3,08 |
TIMES |
3,33 |
TIMES |
|
NET WORTH TIE-UP |
1,65 |
|
1,53 |
|
1,80 |
|
|
INDEBTEDNESS |
3,63 |
|
2,13 |
|
2,31 |
|
|
EQUITY RATIO |
21,60 |
% |
31,97 |
% |
30,20 |
% |
|
WORKING CAPITAL RATIO |
154,67 |
% |
139,66 |
% |
164,85 |
% |
|
GENERAL SOLVENCY |
1,28 |
|
1,47 |
|
1,43 |
|
|
RETURN ON NET EQUITY |
7,18 |
% |
17,70 |
% |
5,13 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
2,61 |
% |
5,74 |
% |
1,54 |
% |
|
GROSS PROFIT MARGIN |
11,36 |
% |
7,63 |
% |
8,93 |
% |
|
OPERATIONAL RESULT |
3,63 |
% |
7,88 |
% |
3,90 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,90 |
TIMES |
5,87 |
TIMES |
7,42 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,84 |
- OFFICIAL RATE ON 03/01/2012 |
|
US$ 1,00 = R$ 1,85 |
- OFFICIAL RATE ON 30/09/2011 |
|
US$ 1,00 = R$ 1,62 |
- OFFICIAL RATE ON 31/03/2011 |
|
US$ 1,00 = R$ 1,78 |
- OFFICIAL RATE ON 31/03/2010 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE ANNUAL FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING.
THE LEVEL OF INDEBTEDNESS IS HIGH BUT IT IS NOTED GOOD LIQUIDITY RATIOS AND
POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT SHOWS SLIGHT DROP IN SALES
BUT PROFIT WAS MADE. THE INTERIM FIGURES FOR SEPTEMBER 2011 SHOW THAT THE INDEBTEDNESS
INCREASED BUT THE LIQUIDITY WAS IMPROVED. IN ADDITION IT IS NOTED DOWNWARD
SALES TREND BUT THE OPERATIONS ARE PROFITABLE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
194.751.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
5.420.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 395.164.000,00
INSURANCE
|
INSURANCE COMPANY: |
ITAÚ/UNIBANCO |
|
COVERAGE: |
SUNDRY RISKS |
|
VALUE: |
$ 22.428.000,00 |
|
REMARKS: |
FIGURES IN, US$ |
|
|
|
|
INSURANCE COMPANY: |
CHUBB SEGUROS |
|
COVERAGE: |
CIVIL LIABILITY |
|
VALUE: |
$ 1.395.000,00 |
|
REMARKS: |
FIGURES IN, US$ |
|
|
|
|
INSURANCE COMPANY: |
ZURICH |
|
COVERAGE: |
SEVERAL RISKS |
|
VALUE: |
$ 7.000.000,00 |
|
REMARKS: |
FIGURES IN, US$ |
|
|
|
|
INSURANCE COMPANY: |
ZURICH |
|
COVERAGE: |
OPERATIONAL RISKS |
|
VALUE: |
$ 1.648.000,00 |
|
REMARKS: |
FIGURES IN, US$ |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
11 2128-7226 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
11 2178-6245 |
SÃO PAULO/SP |
|
CAIXA ECONOMICA FEDERAL |
11 3521-8304 |
SÃO PAULO/SP |
|
BANCO ITAÚ S/A |
11 3708-8458 |
SÃO PAULO/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
|
MANUFACTURE OF IRON, STEEL AND METAL DRAWN PRODUCTS (SCREW, PIN,
RIVET, SCREW-NUT AND WASHERS). PRODUCTION OF PRIMARY ALUMINUM, LAMINATES, FLEXIBLE PACKAGES, ETC. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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URUGUAY, ARGENTINA, GERMANY, ENGLAND, ITALY, UNITED STATES, CANADA,
SOUTH AFRICA AND JAPAN. |
EXPORTS TO:
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ARGENTINA, URUGUAY, PARAGUAY, UNITED STATES, GERMANY, ENGLAND AND
HOLLAND. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
CITY: |
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AMERICAN NATIONAL CAN DO BRASIL LTDA |
SÃO PAULO/SP |
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CAFÉ PILÃO - CABOCLO LTDA |
SÃO PAULO/SP |
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CROWN CORK EMBALAGENS S/A |
VINHEDO/SP |
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DANONE S/A |
SÃO PAULO/SP |
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FIAT AUTOMÓVEIS S/A |
BETIM/MG |
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FICAP S/A |
RIO DE JANEIRO/RJ |
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HYDRO ALUMÍNIO ACRO S/A |
ITU/SP |
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KRAFT LACTA SUCHARD BRASIL S/A |
CURITIBA/PR |
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LATAPACK-BALL EMBALAGENS LTDA |
JACAREÍ/SP |
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LATASA LATAS DE ALUMÍNIO S/A |
RIO DE JANEIRO/RJ |
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MARCOPOLO S/A |
VILA VELHA/ES |
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MITSUI ALIMENTOS LTDA |
OSASCO/SP |
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NESTLÉ BRASIL LTDA |
SÃO PAULO/SP |
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PANEX S/A INDÚSTRIA E COMÉRCIO |
SÃO BERNARDO DO CAMPO/SP |
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PIRELLI CABOS S/A |
SANTO ANDRÉ/SP |
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RANDON S/A IMPLEM. E SIST. AUTOMOTIVOS |
CAXIAS DO SUL/RS |
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REFINAÇÕES LTDA |
SÃO PAULO/SP |
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SOUZA CRUZ S/A |
SÃO PAULO/SP |
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T.I. DO BRASIL IND. COM. LTDA |
SÃO JOSÉ DOS CAMPOS/SP |
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TETRA PAK LTDA |
MONTE MOR/SP |
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VALE SISTEMAS AUTOMOTIVOS LTDA |
ITATIBA/SP |
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FOREIGN CLIENTS: |
COUNTRY: |
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E.I.DUPONT DE NEMOURS |
UNITED STATES |
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VAW ALUMINIO AG |
GERMANY |
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STAFF: |
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THE COMPANY HAS: 1805 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
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THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1940. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED. 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 AND THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. 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. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES ARE CONSIDERED
NORMAL AND DO NOT AFFECT ITS TRADE REPUTATION OR ITS CREDITWORTHINESS. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
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AÇO MINAS GERAIS S/A - AÇOMINAS |
OURO BRANCO/MG |
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CARBODERIVADOS S/A |
SERRA/ES |
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CEMIG - CENTRAIS ELÉTRICAS DE MINAS GERAIS |
BELO HORIZONTE/MG |
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CHESF - CIA. HIDROELÉTRICA DE SÃO FRANCISCO |
RECIFE/PE |
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CIA NITRO QUÍMICA BRASILEIRA |
SÃO PAULO/SP |
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CSN - CIA. SIDERÚRGICA NACIONAL |
VOLTA REDONDA/RJ |
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DOW QUÍMICA S/A |
SÃO PAULO/SP |
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EXXON QUÍMICA LTDA |
SÃO PAULO/SP |
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FÁBRICA DE PAPEL SANTA THEREZINHA S/A |
SÃO PAULO/SP |
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GERDAU AÇOMINAS S/A |
OURO BRANCO/MG |
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PETROBRÁS DISTRIBUIDORA S/A |
RIO DE JANEIRO/RJ |
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PETROCOQUE S/A - INDÚSTRIA E COMÉRCIO |
CUBATÃO/SP |
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RHODIA BRASIL LTDA |
SÃO PAULO/SP |
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SHELL BRASIL S/A - DIVISÃO QUÍMICA |
SÃO PAULO/SP |
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TRANSIMARIBO LTDA |
CONTAGEM/MG |
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VOTOCEL FILMES FLEXÍVEIS LTDA |
VOTORANTIM/SP |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
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SUPERTAP |
URUGUAY |
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TETRA PAK |
ARGENTINA |
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PAYMENT HISTORY: |
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15 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 950.732,00 |
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AMOUNT OF INVOICES PAID: 148 |
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TOTAL OF PROMPT PAYMENTS: 96,9% |
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TOTAL OF DELAYED PAYMENTS: 3,1% |
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HIGHEST INVOICE: R$ 46.636,00 |
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HIGHEST CREDIT: R$ 62.258,00 |
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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 |
1 |
R$ 975,89 |
FINAL OPINION
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THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY. IT IS A LEADING
COMPANY AND HAS AN EXCELLENT TRADE REPUTATION. REVIEWING OUR PREVIOUS OPINION 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 HIGH FINANCIAL POWER AND AN INITIAL CREDIT LIMIT OF
USD 5.000.000,00 OR HIGHER CAN BE CONSIDERED. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.14 |
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1 |
Rs.83.08 |
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Euro |
1 |
Rs.69.25 |
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 |
-- |
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.