MIRA INFORM REPORT

 

 

Report Date :

25.01.2013

 

IDENTIFICATION DETAILS

 

Name :

JOHN DEERE BRASIL LTDA

 

 

Registered Office :

Av. Eng. Jorge Antonio Danhne Logemann,600 - Distrito Industrial 98920-000 - Horizontina/Rs

 

 

Country :

Brazil

 

 

Date of Incorporation :

12.01.1978

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Agricultural Machines, Spare Parts, Tractors, Cotton Harvesting, Planting and Seeding and Spraying Machines.

 

 

No. of Employees :

4000

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – 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 restraint.

Source : CIA

Company name

 

JOHN DEERE BRASIL LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AV. ENG. JORGE ANTONIO DANHNE LOGEMANN,600 - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

98920-000 - HORIZONTINA/RS

 

 

PHONE:

55 3537-6000

FAX:

55 3537-5000

E-MAIL:

backesfabioe@johndeere.com

WEB SITE:

www.deere.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA QUADRA,16 DIMIC - CAIXA POSTAL: 051B

ZIP CODE/CITY:

75701-971 CATALÃO/GO

PHONE:

64 3411-8000

FAX:

64 3411-8090

 

 

ADDRESS:

VIA OESTE, ESQUINA VIA,2 - BOM JARDIM DO CAÍ

ZIP CODE/CITY:

95780-000 MONTENEGRO/RS

PHONE:

51 3457-6600

FAX:

51 3457-6609

 

 

ADDRESS:

AV SOLEDAD,550 15º ANDAR - PETRÓPOLIS

ZIP CODE/CITY:

90470-340 PORTO ALEGRE/RS

PHONE:

51 2103-5700

FAX:

51 2103-5714

 

 

ADDRESS:

AV BRAZ OLAIA ACOSTA,727 SALAS 1707 / 1708 - JD. CALIFORNIA

ZIP CODE/CITY:

14026-040 RIBEIRÃO PRETO/SP

PHONE:

16 3913-8300

FAX:

16 3913-8309

 

 

ADDRESS:

RODOVIA ENGENHEIRO ERMINIO DE OLIVEIRA PENTEADO, KM 57,5

ZIP CODE/CITY:

13337-300 INDAIATUBA/SP

PHONE:

19 3318-8140

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF AGRICULTURAL MACHINES, SPARE PARTS, TRACTORS, COTTON HARVESTING, PLANTING AND SEEDING AND SPRAYING MACHINES.

 

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

01/12/1978

REGISTER DATE:

01/12/1978

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

89.674.782/0001-58

STATE REGISTER:

062/0007826

 

 

SHARE CAPITAL:

R$ 376.630.256,00

 

BOARD OF DIRECTORS:

 

 

 

AIRTON LUIZ ROHDE

DIRECTOR

ANTONIO JOSE GARCIA

DIRECTOR

PAULO RENATO HERRMANN

DIRECTOR

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

DEERE & COMPANY (USA)

99,9%

DEERE PAYROLL SERVICES INC

0,1%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

BANCO JOHN DEERE S/A

100%

JOHN DEERE DISTRIBUIÇÃO DE TITIULOS

100%

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED IN DECEMBER 01, 1978 TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

THE UNION BETWEEN JOHN DEERE AND SL COMPLETED 22 YEARS IN 2001.

IN 1979 JOHN DEERE ASSOCIATED WITH SCHNEIDER LOGEMANN & CIA LTDA. BY ACQUIRING 20% OF ITS CAPITAL. IN 1996, IT WAS SET UP SLC - JOHN DEERE S/A. WITH THE INJECTION OF NEW RESOURCES, JOHN DEERE BECAME HOLDER OF 40% OF THE NEW COMPANY'S CAPITAL.

 

THE SHAREHOLDING CONTROL, HOWEVER, WAS TRANSFERRED TO JOHN DEERE IN 1999, THREE YEARS AFTER THE BEGINNING OF THE PRODUCTION OF TRACTORS.

 

ON MAY 08, 2001 THE SUBJECT ALTERED ITS NAME FROM SLC JOHN DEERE S/A TO JOHN DEERE BRASIL S/A AND ON DECEMBER 09, 2002 IT CHANGED THE LEGAL FORM FROM PRIVATELY HELD CORPORATION TO LIMITED LIABILITY COMPANY AND ADOPTED THE PRESENT REGISTERED STYLE.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. ADRIANA, ACCOUNTING, 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:

 

PROTESTS:

 

 2 PROTESTS,TOTAL AMOUNT R$ 210,42

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

CARTORIO DE HORIZONTINA/RS

08/01/2013

R$ 146,27

CARTORIO DE HORIZONTINA/RS

13/07/2010

R$ 64,15

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

FEDERAL LAWSUIT

23/11/12

1º VARA DE HORIZONTINA/RS

 

 

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.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,04

 - OFFICIAL RATE ON 21/01/2013

 

 

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

 

 

INSURANCE

 

NOT AVAILABLE

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

 

BANCO DO BRASIL S/A

AG: 3305

 

BANCO SANTANDER S/A

AG: 0108

 

BANCO BRADESCO S/A

AG: 1534

 

 

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 AGRICULTURAL MACHINES, SPARE PARTS, TRACTORS, COTTON HARVESTING, PLANTING AND SEEDING AND SPRAYING MACHINES.

 

IT IS A LARGE-SIZED COMPANY AND HAS A VERY GOOD MARKET SHARE.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

GERMANY, SPAIN, USA, FRANCE, ARGENTINA, DENMARK, CHINA AND JAPAN.

 

   EXPORTS TO:

EUROPE, COLOMBIA, VENEZUELA, BOLIVIA AND USA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

COMERCIAL PEDRASSANI LTDA

 

 

GIOMBELLO MAQUINAS AGRICOLAS LTDA

 

 

IGUAÇU MAQUINAS AGRICOLAS LTDA

 

 

MACELINO FLORES DE OLIVEIRA & CIA LTDA

 

 

MAQNELSON LTDA

 

 

MARTINS & SOBRINHOS LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 4000 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1978. IT IS A LEADING COMPANY IN ITS LINE OF BUSINESS, OPERATING WITH HIGH AND GROWING SALES AND GOOD TRADE 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 TRADE REPUTATION.

 

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.

 

THE PROTESTS ARE IRRELEVANT.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

BRUNING - TECNOMETAL LTDA

 

55 3375-3822

DIAMLERCHRYSLER DO BRASIL LTDA

 

 

GERDAU S/A

 

 

ISOLEV INSTALAÇÕES LTDA

 

 

METISA METALURGICA TIMBOENSE S/A

 

 

MULTISUL CONDUTORES ELETRICOS LTDA

 

 

PARKER HIDRAULICA LTDA

 

51 3470-9144

PELLEGRINA DISTRIBUIÇÃO AUTOPEÇAS LTDA

 

 

PIGOZZI S/A

 

54 3224-2000

ROBERT BOSCH LTDA

 

 

RUPER S/A

 

 

SOPRANO ELETROMETALURGICA HIDRAULICA LTDA

 

 

USINAS SIDERURGICAS DE MINAS GERAIS S/A

 

 

ZF DO BRASIL S/A

 

 

 

PAYMENT HISTORY:

 

10 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 10.218.940,00

 

AMOUNT OF INVOICES PAID: 258

TOTAL OF PROMPT PAYMENTS: 96,4%

TOTAL OF DELAYED PAYMENTS: 3,6%

 

HIGHEST INVOICE: R$ 229.885,00

HIGHEST CREDIT: R$ 261.104,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

8

R$ 261.736,29

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. IT IS A LEADING COMPANY IN ITS LINE OF BUSINESS AND HAS AN EXCELLENT TRADE REPUTATION.

 

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.

 

DESPITE THE ABSENCE OF FINANCIAL DATA THE COMPANY STILL CONSIDERED GOOD FOR A CREDIT LIMIT OF USD 300.000,00. FOR HIGHER AMOUNTS IT WOULD BE RECOMMENDED DEMANDING A COLLATERAL OF THE SHAREHOLDERS.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.85

UK Pound

1

Rs.85.25

Euro

1

Rs.71.72

 

 

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%)

 

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.