|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DELPHI AUTOMOTIVE SYSTEMS DO BRASIL LTDA |
|
|
|
|
Registered Office : |
Avenida Goiás, 1820/1860 - Santa Paula 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 |
|
Status : |
Moderate |
|
|
|
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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% in 2011, and 1.3% in 2012.
Unemployment is at historic lows and Brazil's traditionally high level of
income inequality has declined for each of the last 14 years. Brazil's
historically high interest rates have made 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
exchange 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.
In an effort to boost growth, in 2012 the administration implemented a somewhat
more expansionary monetary policy that has failed to stimulate much growth.
|
Source
: CIA |
DELPHI AUTOMOTIVE
SYSTEMS DO BRASIL LTDA
|
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 |
|
PHONE: |
19 3429-5224 |
|
CNPJ: |
00.857.758/0015-46 |
|
STATE REGISTER: |
535.240.002.112 |
|
|
|
|
ADDRESS: |
RODOVIA PR |
|
ZIP CODE/CITY: |
13990-000 ESPIRITO SANTO DO PINHAL/SP |
|
CNPJ: |
00.857.758/0014-65 |
|
STATE REGISTER: |
90174392-40 |
|
|
|
|
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 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. |
|
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$ 470.882.652,00 |
|
LAST REGISTER OF CAPITAL: |
04/12/2012 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
LUIZ ROBERTO CORRALLO |
MANAGER |
|
PAULO CESAR LOURENÇO DOS SANTOS |
MANAGER |
|
JOHN MICHAEL ARENDS |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
DELPHI LATIN AMERICA S.A.R.L. |
R$ 470.828.472,00 |
|
DELPHI GLOBAL HOLDINGS S.A.R.L. |
R$ 54.180,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
DELPHI GROUP |
|
|
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: LUIZ ROBERTO CORRALLO: BRAZILIAN, HOLDER OF DOCUMENTS CPF: 701.389.408-78
AND RG 4.729.033-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; PAULO CESAR LOURENÇO DOS SANTOS: BRAZILIAN, HOLDER OF DOCUMENTS CPF
516.920.076-53 AND RG 13.233.095-SP, 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 INFORMATION: |
|
PROTESTS: |
|
43 PROTESTS,TOTAL AMOUNT R$
131.513,03 |
|
DATE OF FIRST PROTEST:
DECEMBER/2008 R$ 38.244,39 |
|
DATE OF HIGHEST PROTEST:
DECEMBER/2008 R$ 38.244,39 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE SP-COTIA |
16/07/2013 |
R$ 2.620,20 |
|
1º CARTORIO DE SP-JAGUARIÚNA |
11/07/2013 |
R$ 2.190,48 |
|
1º CARTORIO DE SP-COTIA |
16/07/2013 |
R$ 864,00 |
|
11º CARTÓRIO DE SP-ESPÍRITO SANTO DO PINHAL |
11/07/2013 |
R$ 1.960,00 |
|
1º CARTORIO DE SP-JAGUARIÚNA |
11/07/2013 |
R$ 3.004,78 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
11/03/09 |
VARA DE SP-SÃO CAETANO DO SUL |
|
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$ 2,22 |
- OFFICIAL RATE ON 23/07/2013 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
THE COMPANY IS REPORTED TO HAVE HIGH FINANCIAL POWER. HOWEVER, 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 COMPANY: |
HSBC SEGUROS |
|
COVERAGE: |
THEFT / FIRE |
|
|
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"). |
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE OF PARTS AND ACCESSORIES FOR
MOTOR VEHICLES AND THEIR ENGINES. MAIN PRODUCTS: BODY & SECURITY, CONNECTION SYSTEMS, DRIVER
INTERFACE, ELECTRICAL/ELECTRONIC ARCHITECTURE, FUEL CELLS, HYBRID &
ELECTRIC VEHICLE PRODUCTS, INFOTAINMENT, POWERTRAIN SYSTEMS, SAFETY
ELECTRONICS, SENSORS, THERMAL PRODUCTS ETC. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 29.49-2-99 - MANUFACTURE OF AUTOMOTIVE PARTS AND ACCESSORIES. 46.45-1-01 - WHOLESALE OF INSTRUMENTS AND MATERIAL FOR MEDICAL,
HOSPITAL AND LABORATORY USE. |
|
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) |
|
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: |
|
15 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 3.165.084,00 |
|
|
|
AMOUNT OF INVOICES PAID: 94 |
|
TOTAL OF PROMPT PAYMENTS: 96,5% |
|
TOTAL OF DELAYED PAYMENTS: 3,5% |
|
|
|
HIGHEST INVOICE: R$ 474.400,00 |
|
HIGHEST CREDIT: R$ 474.400,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 180,15 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 2.988,70 |
|
ALL |
2 |
2 |
R$ 3.168,85 |
|
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$ 300.000,00
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.59.44 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.