MIRA INFORM REPORT
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Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
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Name : |
DANISCO BRASIL LTDA |
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Registered Office : |
Rodovia Raposo Tavares, S/Nº. KM 27,2 Caixa Postal 72 - Moinho Velho 06707-000 - COTIA/SP |
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Country : |
Brazil |
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Date of Incorporation : |
06.02.1975 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Producer of Food Ingredients. |
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No. of Employees : |
220 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
DANISCO BRASIL LTDA
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MAIN ADDRESS: |
RODOVIA RAPOSO TAVARES, S/Nº. KM 27,2 CAIXA POSTAL 72 - MOINHO VELHO |
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ZIP CODE/CITY: |
06707-000 - COTIA/SP |
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PHONE: |
11 4613-3800 |
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FAX: |
11 4612-0112 |
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E-MAIL: |
janaisa.ribeiro@bra.dupont.com |
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BRANCHES: |
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ADDRESS: |
RUA JOÃO DE
ABREU,186 - JD. SANTA ROSA |
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ZIP CODE/CITY: |
19200-000
PIRAPOZINHO/SP |
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PHONE: |
18 3269-1763 |
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CNPJ: |
46.278.016/0002-42 |
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STATE REGISTER: |
541.007.281.110 |
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ADDRESS: |
ALAMEDA ITAPECURU,506 - ALPHAVILLE |
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ZIP CODE/CITY: |
06454-080 BARUERI/SP |
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PHONE: |
11 4166-8260 |
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MAIN ACTIVITIES: |
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PRODUCER OF FOOD INGREDIENTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
06/02/1975 |
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REGISTER DATE: |
18/02/1975 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
46.278.016/0001-61 |
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STATE REGISTER: |
278.060.661.113 |
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SHARE CAPITAL: |
R$ 4.701.425,00 |
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BOARD OF
DIRECTORS: |
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ZACARIAS KARACRISTO |
MANAGER |
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THE MANAGER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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DANISCO A/S (DENMARK) |
R$ 4.699.340,00 |
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COMETRA A/S (DENMARK) |
R$ 2.085,00 |
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AFFILIATES /
SUBSIDIARIES: |
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GRUPO DANISCO |
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THE SUBJECT WAS ESTABLISHED IN FEBRUARY 1975 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. PREVIOUS CORPORATE NAMES: - GRINDSTED DO BRASIL INDÚSTIA
E COMÉRCIO LTDA; - DANISCO INGREDIENTS BRASIL
LTDA; - DANISCO CULTOR BRASIL LTDA. ON FEBRUARY 27, 2002 THE SUBJECT TOOK OVER THE COMPANY GERMANTOWN DO
BRASIL INDUSTRIA E COMERCIO LTDA. ON MAY 17, 2002 THE COMPANY ADOPTED THE ABOVE-MENTIONED CORPORATE
NAME. ON JUNE 22, 2006 THE SUBJECT TOOK OVER GENENCOR INTERNATIONAL DO
BRASIL LTDA ON MAY 17, 2002 IT ALTERED TO ABOVE-MENTIONED NAME AND UP TO DATE IT
IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. PARTNERS / MANAGERS: DANISCO A/S: COMPANY ESTABLISHED ACCORDING TO THE LAWS OF DENMARK,
HEADQUARTERED AT LANGEBROGADE 1, DK-1001, COPENHAGEN, K, DINAMARCA,
REPRESENTED BY ITS ATTORNEY, MRS MARIA DA GRAÇA DE BRITO VIANNA PEDRETTI,
BRAZILIAN, MARRIED, LAWYER, RESIDENTIAL ADDRESS AT SÃO PAULO, CAPITAL, WITH
OFFICE AT AVENIDA PAULISTA, 1294, 2º. ANDAR, SÃO PAULO/SP, HOLDER OF
DOCUMENTS RG 4.442.598 SSP/SP AND CPF: 791.071.418-15 AND OAB/SP Nº. 43.964; COMETRA A/S: COMPANY ESTABLISHED ACCORDING TO THE LAWS OF DENMARK,,
HEADQUARTERED AT LANGEBROGADE 1, DK-1001, COPENHAGEN, K, DINAMARCA,
REPRESENTED BY ITS ATTORNEY, MRS MARIA DA GRAÇA DE BRITO VIANNA PEDRETTI,
BRAZILIAN, MARRIED, LAWYER, RESIDENTIAL ADDRESS AT SÃO PAULO, CAPITAL, WITH
OFFICE AT AVENIDA PAULISTA, 1294, 2º. ANDAR, SÃO PAULO/SP, HOLDER OF
DOCUMENTS RG 4.442.598 SSP/SP AND CPF: 791.071.418-15 AND OAB/SP Nº. 43.964; ZACARIAS KARACRISTO: BRAZILIAN, MARRIED, ENGINEER, HOLDER OF DOCUMENTS
RG 11.708.470 AND CPF 059.159.948-14, WITH OFFICE AT RODOVIA RAPOSO TAVARES,
KM 27,2, MOINHO VELHO, ZIP CODE 06707-007, COTIA/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. THAIS, RECEPTION, 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. |
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PUBLIC INFORMATION: |
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PROTESTS: |
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6 PROTESTS,TOTAL AMOUNT R$
20.345,73 |
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DATE OF FIRST PROTEST:
05/2010 R$ 7.560,00 |
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DATE OF HIGHEST PROTEST:
05/2010 R$ 11.115,00 |
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DETAILS OF LATEST PROTESTS: |
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NOTARY OFFICE: |
DATE: |
VALUE: |
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1º CARTORIO DE COTIA/SP |
05/04/2013 |
R$ 447,26 |
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1ºCARTORIO DE PIRAPOZINHO/SP |
21/06/2013 |
R$ 316,23 |
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1º CARTORIO DE COTIA/SP |
11/06/2013 |
R$ 558,09 |
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1º CARTORIO DE COTIA/SP |
0504201310/05/2010 |
R$ 349,15 |
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1º CARTORIO DE COTIA/SP |
17/05/2010 |
R$ 11.115,00 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
06/03/12 |
VARA DE COTIA/SP |
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1 |
MINICIPAL LAWSUIT |
07/06/13 |
VARA DE COTIA/SP |
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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.
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EXCHANGE RATE: |
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US$ 1,00 = R$ 2,18 |
- OFFICIAL RATE ON 27/06/2013 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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DESPITE THE ABSENCE OF FINANCIAL INFORMATION ABOUT THE SUBJECT, IT IS
A SUBSIDIARY OF A LARGE-SIZED EUROPEAN COMPANY AND THUS IT IS NOT LIKELY TO
FACE FINANCIAL PROBLEMS. |
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REAL ESTATE: |
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DETAIL OF OWNED
REAL ESTATE: |
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TYPE: |
BUILDING |
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VALUE: |
R$ ,00 |
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REMARKS: |
OWNS SEVERAL REAL ESTATES. |
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
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NOT AVAILABLE. |
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BRANCH/PHONE: |
CITY: |
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BANCO BRADESCO S/A |
11 4787-3144 |
TABOÃO DA SERRA/SP |
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BANCO DO BRASIL S/A |
11 3684-0011 |
TABOÃO DA SERRA/SP |
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BANCO CITIBANK S/A |
11 5582-6925 |
SÃO PAULO/SP |
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BANCO ITAÚ S/A |
11 4004-1611 |
TABOÃO DA SERRA/SP |
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BANCO ABN AMRO REAL S/A |
11 3174-6702 |
SÃO PAULO/SP |
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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") |
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DANISCO IS ONE OF THE WORLD'S LARGEST PRODUCERS OF FOOD INGREDIENTS
OFFERING A COMPLETE PRODUCT PORTFOLIO, INCLUDING A WIDE RANGE OF INGREDIENTS
MADE FROM NATURAL RAW MATERIALS. DANISCO IS ALSO A LEADING SUPPLIER OF
SPECIALTY SWEETENERS AND RANKS AMONG THE MOST EFFICIENT SUGAR PRODUCERS IN
EUROPE. THE FOLLOWING ARE THE DANISCO'S BUSINESSES: INGREDIENTS SWEETENERS SUGAR SEED VENTURE ASSOCIATED BUSINESS OTHER BUSINESS |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
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BUNGE ALIMENTOS S/A |
SAO PAULO/SP |
11 3741-2300 |
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CIA LECO DE PRODUTOS ALIMENTÍCIOS |
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11 6099-5699 |
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DUAS RODAS INDUSTRIAL LTDA |
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47 372-9000 |
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J. MACEDO ALIMENTOS NORDESTE S/A |
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85 266-5555 |
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M. DIAS BRANCO S/A COMÉRCIO E INDÚSTRIA |
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85 216-5591 |
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NESTLE BRASIL LTDA |
SÃO PAULO/SP |
11 5508-8574 |
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PANDURATA ALIMENTOS LTDA |
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11 6421-9561 |
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PARMALAT BRASIL S/A IND DE ALIMENTOS |
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11 3848-2209 |
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SADIA S/A |
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11 2113-1940 |
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UNILEVER FAST FOOD BRASIL LTDA |
SÃO PAULO/SP |
11 3703-7062 |
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VIA ALIMENTOS LTDA |
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11 215-9511 |
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STAFF: |
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THE COMPANY HAS: 220 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1975. IT IS
SUBSIDIARY OF ONE OF THE LARGEST EUROPEAN COMPANIES IN ITS LINE OF BUSINESSES.
SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR AND KEEPS
ENJOYING A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES. 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. 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. THE PROTESTS FOUND ARE CONSIDERED IRRELEVANT. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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PHONE: |
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A AZEVEDO IND E COM OLEOS LTDAQ |
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11 5181-7751 |
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FLORA FABRIL |
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61 623-1800 |
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MERCK S/A |
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11 3346-8636 |
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NEWSUL EMBALAGENS LTDA |
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54 2102-9100 |
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NEWSUL EMBALAGENS LTDA |
BENTO GONÇALVES/RS |
11 3021-4844 |
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RHODIA ACETOW BRASIL LTDA |
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11 4997-4484 |
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RHODIA POLIAMIDA E ESPECIALIDADES LTDA |
SANTO ANDRE/SP |
11 4977-4333 |
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TANSAN DO BRASIL INDÚSTRIA QUÍMICA LTDA |
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11 4196-5522 |
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TRIÂNGULO ALIMENOS LTDA |
ITAPOLIS/SP |
16 3263-9000 |
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VERONESE E CIA LTDA |
CAXIAS DO SUL/RS |
54 228-1377 |
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PAYMENT HISTORY: |
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7 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 1.130.190,00 |
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AMOUNT OF INVOICES PAID: 26 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 141.169,00 |
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HIGHEST CREDIT: R$ 115.527,00 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. IT IS SUBSIDIARY OF A EUROPEAN COMPANY WITH HUGE FINANCIAL POWER,
OPERATING WITH CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR. BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR
NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON
SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
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 |
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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 |
|
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 |
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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.