MIRA INFORM REPORT

 

 

Report Date :           

16.03.2012

 

IDENTIFICATION DETAILS

 

Name :

DELPHI AUTOMOTIVE SYSTEMS DO BRASIL LTDA

 

 

Registered Office :

Avenida Goiás, 1820/1860 - Santa Paula , Zip Code 09550-050 - São Caetano Do Sul/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

08.08.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of parts and accessories for motor vehicles and their engines

 

 

No. of Employees :

11000

 

RATING & COMMENTS

           

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 500.000,00

Status :

Moderate

Payment Behaviour :

No Complaints

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 30th, 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

 

DELPHI AUTOMOTIVE SYSTEMS DO BRASIL LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS:

AVENIDA GOIÁS, 1820/1860 - SANTA PAULA

ZIP CODE/CITY:

09550-050 - SÃO CAETANO DO SUL/SP

 

 

PHONE:

11 4234-9500

FAX:

11 4234-9500

E-MAIL:

rinaldo.nery.santos@delphi.com

WEB SITE:

www.delphi.com

 

BRANCHES:

 

 

 

ADDRESS:

RUA PROJETADA, 480

ZIP CODE/CITY:

JACUTINGA/MG

PHONE:

35 3443-2784

 

 

ADDRESS:

RUA BERNARDINO BERNARDI, 510 OR RUA GIUSEPE MANDEKU, 118 ANCHIETA

ZIP CODE/CITY:

PORTO ALEGRE/RS

PHONE:

51 3373-7500

CNPJ:

00.857.758/0005-74

 

 

ADDRESS:

AVENIDA AVELINO RIBEIRO, 900

ZIP CODE/CITY:

PARAISÓPOLIS/MG

CNPJ:

00.857.758/0012-01

 

 

ADDRESS:

AVENIDA COMENDADOR LEOPOLDO DEDINI, 1316 - UNILESTE

ZIP CODE/CITY:

PIRACICABA/SP

PHONE:

19 3429-5299

CNPJ:

00.857.758/0008-17

 

 

ADDRESS:

AVENIDA QUEIROZ JUNIOR, 3040 RODOVIA BR 040 KM 773 ESPERANÇA

ZIP CODE/CITY:

ITABERITO/MG

CNPJ:

00.857.758/0003-02

 

 

ADDRESS:

RUA ADHEMAR PEREIRA DE BARROS, 421 - PORTÃO 01 - UNILESTE

ZIP CODE/CITY:

13422-200 PIRACICABA/SP

CNPJ:

00.857.758/0015-46

STATE REGISTER:

535.240.002.112

 

 

ADDRESS:

RODOVIA SP 346 - KM 202,5 - JARDIM DO TREVO

ZIP CODE/CITY:

13990-000 ESPIRITO SANTO DO PINHAL/SP

 

 

ADDRESS:

TRAVESSA ANTONIO EUGÊNIO FONSECA, 250 - CACHOEIRINHA

ZIP CODE/CITY:

37548-000 CONCEIÇÃO DOS OUROS/MG

 

 

ADDRESS:

AVENIDA VINCENZO GRANCHELLI, 10 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

13820-000 JAGUARIUNA/SP

PHONE:

19 3867-9400

CNPJ:

00.857.758/0011-12

STATE REGISTER:

395.017.344.116

 

 

ADDRESS:

RUA PEDRA SABÃO, 315 - DISTRITO CACHOEIRA

ZIP CODE/CITY:

35400-000 OURO PRETO/MG

 

 

ADDRESS:

RODOVIA DOS INCONFIDENTES S/Nº. KM 58 ZONA RURAL

ZIP CODE/CITY:

ITABIRITO/MG

 

 

ADDRESS:

RUA DA BARRA, 141 - PARQUE RINCAO

ZIP CODE/CITY:

06705-420 COTIA/SP

PHONE:

11 4615-8500

 

THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN CAÇAPAVA/SP, JAGUARIÚNA/SP, PIRACICABA/SP, PARAISÓPOLIS/MG, ESPIRITO SANTO DO PINHAL/SP, SÃO JOSÉ DOS PINHAIS/PR, SÃO JOSÉ DOS CAMPOS/SP AND GRAVATAÍ/RS.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

08/08/1995

REGISTER DATE:

20/09/1995

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

00.857.758/0001-40

STATE REGISTER:

636.163.173.110

 

 

SHARE CAPITAL:

R$ 455.326.872,00

LAST REGISTER OF CAPITAL:

16/02/2011

 

BOARD OF DIRECTORS:

 

 

 

GABOR JANOS DEAK

MANAGER

SANDRA POPE THOMPKINS

MANAGER

JOHN MICHAEL ARENDS

MANAGER

 


 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

DELPHI LATIN AMERICA S.A.R.L.

R$ 455.272.692,00

DELPHI GLOBAL HOLDINGS S.A.R.L.

R$ 54.180,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

DIAVIA BRASIL - AR CONDICIONADO LTDA

 

NOTECO COMÉRCIO E PARTICIPAÇÕES LTDA

 

 

 

COMPANY'S BACKGROUND

 

DELPHI AUTOMOTIVE WAS ESTABLISHED IN 1995 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND SO FAR IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

TRADE NAME: "DELPHI".

 

ON DECEMBER 29, 2007 SUBJECT TOOK OVER THE COMPANY "DELPHI DIESEL SYSTEMS DO BRASIL LTDA".

 

MANAGERS:

 

GABOR JANOS DEAK: BRAZILIAN, HOLDER OF DOCUMENTS CPF: 387.454.888-00 AND RG 4168591, SP, RESIDENTIAL ADDRESS AT AVENIDA GOIÁS, 1820/1860, SANTA PAULA, ZIP CODE 09550-050, SÃO CAETANO DO SUL/SP;

 

JOHN MICHAEL ARENDS: AMERICAN, HOLDER OF DOCUMENTS RG/RNE V769185S AND CPF 234.967.948-95, RESIDENTIAL ADDRESS AT AVENIDA GOIÁS, 1820, SANTA PAULA, ZIP CODE 09550-050, SÃO CAETANO DO SUL/SP;

 

SANDRA POPE THOMPKINS: AMERICAN, HOLDER OF DOCUMENTS CPF 234.991.588-33 AND RNE V789228-0, RESIDENTIAL ADDRESS AT AVENIDA GOIÁS, 1820, SANTA PAULA, ZIP CODE 09550-050, SÃO CAETANO DO SUL/SP.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. RINALDO, FINANCIAL DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION EVEN KNOWING THE INQUIRING PARTY'S NAME.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

PUBLIC RECORDS INFORMATION:

 

PROTESTS:

 

09 PROTESTS,TOTAL AMOUNT R$ 20.784,69

   DATE OF FIRST PROTEST: OCTOBER/2009  R$ 2,05

   DATE OF HIGHEST PROTEST: FEBRUARY/2012  R$ 9.077,00

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

11º CARTÓRIO DE SP-SÃO CAETANO DO SUL

29/02/2012

R$ 1.441,00

1º CARTÓRIO DE MG-ITABIRITO

16/02/2012

R$ 9.077,00

1º CARTÓRIO DE SP-ESPIRITO SANTO DO PINHAL

02/03/2012

R$ 600,48

2º CARTÓRIO DE MG-PARAISÓPOLIS

29/02/2012

R$ 154,30

2º CARTÓRIO DE MG-PARAISOPOLIS

07/02/2012

R$ 101,20

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

MUNICIPAL LAWSUIT

14/01/10

2º VARA DE SP-CAÇAPAVA

1

STATE LAWSUIT

15/12/11

VARA DE SP-PIRACICABA

2

FEDERAL LAWSUITS

11/03/09

VARA DE SP-SÃO CAETANO DO SUL

 

 

FINANCIAL INFORMATION

 

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.

 

THE ONLY DATA OBTAINED IS THAT THE SUBJECT'S MONTHLY SALES ARE ABOUT R$ 10.000.000,00.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,81

 - OFFICIAL RATE ON 13/03/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT'S CURRENT FINANCIAL STANDING.

 


 

REAL ESTATE:

OWNED PREMISES ARE VALUED AT R$ 16.000.000,00

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 80.000,00

 

MACHINES:

NOT AVAILABLE

 

 

INSURANCE

 

INSURANCE COMPANY:

HSBC SEGUROS

COVERAGE:

THEFT / FIRE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

HSBC BANK BRASIL S/A

QUITANDA

SÃO PAULO/SP

BANCO DO BRASIL S/A

 

SÃO PAULO/SP

BANCO CITIBANK S/A

 

SÃO PAULO/SP

BANCO ITAÚ S/A

 

SÃO PAULO/SP

BANCO BRADESCO S/A

NOVA CENTRAL

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

 

THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

UNITED STATES, SPAIN, PORTUGAL, GERMANY AND FRANCE.

 

EXPORTS TO:

ARGENTINA AND UNITED STATES.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

FIAT DO BRASIL S/A

 

 

GENERAL MOTORS DO BRASIL LTDA

 

 

HONDA DO BRASIL

 

 

MERCEDES BENZ DO BRASIL S/A

 

 

VOLKSWAGEN DO BRASIL LTDA

 

 

 

FOREIGN CLIENTS:

 

 

GENERAL MOTORS DA ARGENTINA

 

 

 

STAFF:

 

THE COMPANY HAS: 11000 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT FIRM BELONGS TO A LARGE AUTOMOBILE PARTS MANUFACTURING CONGLOMERATE. IT IS A WELL-KNOWN COMPANY LOCALLY AND HAS 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.

 

AS MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION REPORTED PROMPT PAYMENTS, IT MAY BE NOTED SUBJECT AS GOOD TRADE BEHAVIOUR.

 

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 DO NOT AFFECT ITS TRADE REPUTATION.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

3M DO BRASIL LTDA

 

 

AFA PLÁSTICOS LTDA

 

 

AMP DO BRASIL

 

 

ATRI NYLOX DO BRASIL IND. E COMÉRCIO

 

 

DAY BRASIL S/A

 

 

DRESSER IND. COM. LTDA

 

 

FREIOS VARGAS

 

 

LOJA ELÉTRICA LTDA

 

 

PIRELLI

 

 

ROBERT BOSCH

 

 

TYCO DO BRASIL

 

 

 

PAYMENT HISTORY:

 

24 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 1.479.433,00

 

AMOUNT OF INVOICES PAID: 655

TOTAL OF PROMPT PAYMENTS: 92%

TOTAL OF DELAYED PAYMENTS: 8%

 

HIGHEST INVOICE: R$ 58.980,00

HIGHEST CREDIT: R$ 58.980,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 939,03

 

 

FINAL OPINION

 

THE SUBJECT FIRM BELONGS TO A LARGE AUTOMOBILE PARTS MANUFACTURING CONGLOMERATE. ITS PARENT COMPANY FILED FOR BUSINESS REORGANIZATION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE A FEW YEARS AGO BUT IT SEEMS IT HAS ALREADY RECOVERED.

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON MODERATE AMOUNTS DUE TO THE ABSENCE OF FINANCIAL DATA.

 

AS NO BALANCE SHEET DATA IS AVAILABLE A CREDIT LIMIT OF US$ 500.000,00 MAY BE CONSIDERED. FOR HIGHER AMOUNTS IT WOULD BE RECOMMENDED REQURING A COLLATERAL FROM THE PARENT COMPANY.

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.22

UK Pound

1

Rs.78.64

Euro

1

Rs.65.54

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.