|
Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
COIM BRASIL LTDA |
|
|
|
|
Registered Office : |
Rua Angelo Bevilaqua,527 - Distrito Industrial 13280-000 - Vinhedo/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Date of Incorporation : |
21.01.1991 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production of Polyurethane, Polyester, Thermoplastic, Plasticizers and Adhesives For Lamination. |
|
|
|
|
No. of Employees : |
122 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BRAZIL - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural,
mining, manufacturing, and service sectors, Brazil's economy outweighs that of
all other South American countries, and Brazil is expanding its presence in
world markets. Since 2003, Brazil has steadily improved its macroeconomic
stability, building up foreign reserves, and reducing its debt profile by
shifting its debt burden toward real denominated and domestically held
instruments. In 2008, Brazil became a net external creditor and two ratings
agencies awarded investment grade status to its debt. After strong growth in
2007 and 2008, the onset of the global financial crisis hit Brazil in 2008.
Brazil experienced two quarters of recession, as global demand for Brazil's
commodity-based exports dwindled and external credit dried up. However, Brazil
was one of the first emerging markets to begin a recovery. In 2010, consumer
and investor confidence revived and GDP growth reached 7.5%, the highest growth
rate in the past 25 years. Rising inflation led the authorities to take
measures to cool the economy; these actions and the deteriorating international
economic situation slowed growth to 2.7% for 2011 as a whole, though forecasts
for 2012 growth are somewhat higher. Despite slower growth in 2011, Brazil overtook
the United Kingdom as the world's seventh largest economy in terms of GDP.
Urban unemployment is at the historic low of 4.7% (December 2011), and Brazil's
traditionally high level of income equality has declined for each of the last
12 years. Brazil's high interest rates make it an attractive destination for
foreign investors. Large capital inflows over the past several years have
contributed to the appreciation of the currency, hurting the competitiveness of
Brazilian manufacturing and leading the government to intervene in foreign
exchanges markets and raise taxes on some foreign capital inflows. President
Dilma ROUSSEFF has retained the previous administration's commitment to
inflation targeting by the central bank, a floating exchange rate, and fiscal
Source
: CIA
COIM BRASIL LTDA
|
MAIN ADDRESS: |
RUA ANGELO BEVILAQUA,527 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
13280-000 - VINHEDO/SP |
|
|
|
|
PHONE: |
19 3876-9680 |
|
FAX: |
19 3876-9673 |
|
E-MAIL: |
wilson.fonaro@br.coimgroup.com |
|
WEB SITE: |
www.coimgroup.com.br |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN ACTIVITIES: |
|
PRODUCTION OF POLYURETHANE, POLYESTER, THERMOPLASTIC, PLASTICIZERS AND
ADHESIVES FOR LAMINATION. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
21/01/1991 |
|
REGISTER DATE: |
21/01/1991 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
65.426.538/0001-08 |
|
STATE REGISTER: |
714.017.227.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 53.943.469,00 |
|
LAST REGISTER OF CAPITAL: |
29/01/2009 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
JOSÉ PAULO NAVARRO VICTORIO JUNIOR |
PRESIDENT DIRECTOR |
|
THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
COIM S.P. A. - CHIMICA ORGANICA INDUSTRIALE MILANESE |
R$ 53.940.752,00 |
|
MESA S.R.L. |
R$ 2.717,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
COIM GROUP |
|
|
THE CONCERN WAS ORIGINALLY ESTABLISHED IN 1991 AS POLIMIND POLIMEROS
INDUSTRIAIS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. IN 1997 ADOPTED
THE PRESENT REGISTERED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE
GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME: POLIMIND PARTNERS: COIM S.P. A. - CHIMICA ORGANICA INDUSTRIALE MILANESE: HEADQUARTERED AT
VIA MANZONI 28/32, CAP 20019, MILAO, SETTIMO MILANESE. MESA S.R.L. : HEADQUARTERED AT VIA SENATO 13, MICAO ITALY. DIRECTOR: JOSÉ PAULO NAVARRO VICTORIO JUNIOR: BRAZILIAN, HOLDER OF DOCUMENTS CPF
194.390.958-06, RG 189918305 SSP/SP, RESIDENTIAL ADDRESS AT AVENIDA SALDANHA
DA GAMA, 121, APTO. 134, PONTA DA PRAIA, CEP 11030-904, SANTOS/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. EDMAR, 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. |
|
PUBLIC INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
18/11/09 |
1Ş VARA DE SP - VINHEDO |
|
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.
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 18/01/2013 |
|
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: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
|
NOT AVAILABLE. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
AG: 3389-8 / 19 3735-1233 |
CAMPINAS/SP |
|
BANCO DO BRASIL S/A |
AG: 3400-2 / 19 3794-9006 |
CAMPINAS/SP |
|
BANCO ITAÚ BBA S/A |
AG: 0136 / 19 3707-5502 |
CAMPINAS/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"). |
|
THE SUBJECT IS ENGAGED IN THE PRODUCTION OF POLYURETHANE, POLYESTER,
THERMOPLASTIC, PLASTICIZERS AND ADHESIVES FOR LAMINATION. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, ARGENTINA, UNITED STATES AND ITALY. |
EXPORTS TO:
|
ARGENTINA, UNITED STATES, CHILE, DOMINICAN REPUBLIC, PERU, ECUADOR AND
MEXICO. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
CALÇADOS AZALEIA S/A |
|
|
|
CALÇADOS BOTTERO LTDA. |
|
|
|
CALÇADOS PICCADILLY |
|
|
|
COMPONAM COMPONENETES PARA CALÇADOS LTDA. |
|
|
|
DAKOTA CALÇADOS LTDA. |
|
|
|
INJENOVA IND. DE INJETADOS PARA CALÇADOS LTDA. |
|
|
|
IRAPEL EMBALAGENS LTDA |
|
|
|
MARLUVAS CALÇADOS DE SEGURANÇA LTDA. |
|
|
|
MAXI SOLADOS POLIURETANO LTDA. |
|
|
|
SĂO PAULO ALPARGATAS S/A |
|
|
|
SJB SOLADOS LTDA |
|
|
|
TECNOVAL LAMINADOS PLASTICOS LTDA |
|
|
|
VINILEX PRODS. INJETADOS LTDA. |
|
|
|
FOREIGN CLIENTS: |
COUNTRY: |
|
|
ADIQUIM ARGENTINA S/A |
ARGENTINA |
|
|
ADITIVOS QUIMICOS S/A |
CHILE |
|
|
HUNSTMAN POLYURETHANES |
USA |
|
|
HUNTSMAN ICI ARGENTINA SRL |
ARGENTINA |
|
|
PERUPLAST S/A |
PERU |
|
|
QUIMICA DEL GAUCHO S/A |
ARGENTINA |
|
|
RUBIN INC |
USA |
|
|
SIGMAPLAST S/A |
ECUADOR |
|
|
SIGMAPLAST S/A |
DOMINICAN REPUBLIC |
|
|
TYP DE MEXICO S/A DE C.V. |
MEXICO |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 122 EMPLOYEE(S) |
|
THE SUBJECT HAS BEEN OPERATING SINCE 1991. SO FAR IT HAS A CLEAR TRADE
HISTORY AND GOOD PAYMENT BEHAVIOR. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL AND IMPORTANT SUPPLIERS
OF GOODS AND RAW MATERIAL USED IN ITS INDUSTRIAL ACTIVITIES. 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
AIR PRODUCTS GASES INDUSTRIAIS |
|
11 3856-1600 |
|
BASF S/A |
|
11 4343-2352 |
|
BAYER S/A |
|
11 5694-5028 |
|
DOW BRASIL S/A |
|
11 5188-9384 |
|
ELEKEIROZ S/A |
|
11 4596-8784 |
|
ISOFLUID EQUIPAMENTOS INDUSTRIAIS LTDA |
|
19 3772-6911 |
|
MAUSER DO BRASIL EMBALAGENS INDUSTRIAIS S/A |
|
11 2168-0061 |
|
METALURGICA BARRA DO PIRAI LTDA |
|
16 3282-1860 |
|
OXITENO NE S.A IND. E COMERCIO |
|
11 3177-6940 |
|
PERSTORP SPECIALTY CHEMICALS AB |
|
11 3759-9667 |
|
RHODIA BRASIL LTDA |
|
11 3741-8816 |
|
RHODIA POLIAMIDA E ESPECIALIDADES LTDA |
|
11 3741-5930 |
|
THE DOW CHEMICAL |
|
11 5189-9367 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
BAYER |
GERMANY |
|
|
HUNSTMAN POLYURETHANES |
USA |
|
|
LYONDELL CHEMICAL COMPANY |
|
|
|
NOVACOTE |
GERMANY |
|
|
PAYMENT HISTORY: |
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 268.834,00 |
|
|
|
AMOUNT OF INVOICES PAID: 16 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 56.229,00 |
|
HIGHEST CREDIT: R$ 56.229,00 |
|
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.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.