MIRA
INFORM REPORT
|
Report Date : |
30.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT SA
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Registered Office : |
Avenida Das Nações Unidas,18001 - Santo Amaro Zip Code 04795-100 - São Paulo/Sp |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.07.1995 |
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Legal Form : |
Privately held corporation |
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Line of Business : |
Manufacturer of chemicals |
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No. of Employees : |
1640 employees |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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% 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.
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Source : CIA |
Company name
CLARIANT S/A
COMPANY ADDRESSES
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MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS,18001 - SANTO AMARO |
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ZIP CODE/CITY: |
04795-100 - SÃO PAULO/SP |
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PHONE: |
11 5683-7233 |
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FAX: |
11 5683-7053 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA BASILÉIA,590 |
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ZIP CODE/CITY: |
27521-210 RESENDE/RJ |
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PHONE: |
24 3358-5500 |
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CNPJ: |
314.521.130-01 |
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ADDRESS: |
AVENIDA JORGE BEI MALUF,2163 |
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ZIP CODE/CITY: |
08686-000 SUZANO/SP |
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PHONE: |
11 4745-8000 |
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CNPJ: |
314521130 |
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ADDRESS: |
RODOVIA WASHINGTON LUIZ - KM,20 - XEREM |
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ZIP CODE/CITY: |
25240-000 DUQUE DE CAXIAS/RJ |
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PHONE: |
21 2679-9600 |
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ADDRESS: |
RUA BENTO DE ANDRADE FILHO,488 |
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ZIP CODE/CITY: |
04757-000 SÃO PAULO/SP |
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PHONE: |
11 5683-7233 |
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ADDRESS: |
AV. BRASILEIA,590 MANEJO |
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ZIP CODE/CITY: |
27521-210 RESENDE/RJ |
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PHONE: |
24 3358-5500 |
|
THE COMPANY ALSO HAS OTHER 07 BRANCHES LOCATED IN BELO HORIZONTE/MG,
BLUMENAU/SC, CURITIBA/PR, MACAÉ/RJ, NOVO HAMBURGO/RS, RECIFE/PE AND RIO DE
JANEIRO/RJ. |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF CHEMICALS. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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INCORPORATION DATE: |
01/07/1995 |
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REGISTER DATE: |
01/07/1995 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
31.452.113/0001-51 |
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STATE REGISTER: |
115.019.246.110 |
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SHARE CAPITAL: |
R$ 184.862.969,00 |
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LAST REGISTER OF CAPITAL: |
16/01/2013 |
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BOARD OF
DIRECTORS: |
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|
|
|
ALBERTO GARCIA MENDES |
DIRECTOR |
|
MANLIO GALLOTTI |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
CLARIANT INTERNATIONAL AG |
53,6706% |
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CLARIANT AG |
46,3240% |
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CLARIANT CONSULTING AG |
0,0054% |
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AFFILIATES /
SUBSIDIARIES: |
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FUCHS DO BRASIL S/A |
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CLARIANT VENEZUELA S/A |
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CLARIANT CANADA |
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CLARIANT COMERCIAL LTDA |
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CLARIANT CHINA |
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CLARIANT - SUCURSAL ARGENTINA |
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CLARIANT GMBH |
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CLARIANT CORPORATION |
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CLARIANT LTDA |
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CLARIANT ARGENTINA S/A |
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CLARIANT SWITZERLAND LTD |
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CLARIANT COLOMBIA S/A |
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CLARIANT COLORQUIMICA |
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QUIMICA CLARIANT DE MÉXICO |
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CLARIANT PERU |
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CLARIANT GUATEMALA |
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AMONG OTHERS |
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|
CLARIANT ADMINISTRAÇÃO DE BENS LTDA |
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COMPANY'S BACKGROUND
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THE SUBJECT IS A SUBSIDIARY OF CLARIANT GROUP A GROUP KNOWN WORLDWIDE
AS A LEADING GROUP IN ITS LINE OF BUSINESS. IT HAS ABOUT 29.000 EMPLOYEES AND
SALES OF OVER US$ 6 BILLION. IN BRAZIL THE SUBJECT WAS ESTABLISHED AFTER THE DIVISION OF THE
CHEMICAL PRODUCTS DIVISION OF THE COMPANY SANDOZ IN JULY 1995 AND WITH THE
ADDING OF THE SUBJECT IS A SUBSIDIARY OF CLARIANT GROUP A GROUP KNOWN
WORLDWIDE AS A LEADING GROUP IN ITS LINE OF BUSINESS. IT HAS ABOUT 29.000
EMPLOYEES AND SALES OF OVER US$ 6 BILLION. IN BRAZIL THE SUBJECT WAS ESTABLISHED AFTER THE DIVISION OF THE
CHEMICAL PRODUCTS DIVISION OF THE COMPANY SANDOZ IN JULY 1995 AND WITH THE
ADDING OF THE BUSINESS IN THE FIELD OF SPECIAL CHEMICALS OF THE COMPANY
HOECHST IN JULY 1997. THE SUBJECT'S PARENT COMPANY IS LOCATED IN MUTTENZ, SWITZERLAND AND IT
OPERATES ABOUT 130 FACTORIES IN OVER 90 COUNTRIES. ON JANUARY 16, 2013 THE COMPANY TOOK OVER SÜD-CHEMIE DO BRASIL LTDA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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LAWSUITS: |
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|
DATE: |
COURT OF LAW: |
|
3 |
FEDERAL LAWSUITS |
09/11/12 |
1º VARA DE SAO PAULO/FEDERAL/SP |
FINANCIAL INFORMATION
|
GENERAL BALANCE
SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
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|
|
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CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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|
|
|
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CASH AND BANKS |
17.112 |
25.554 |
26.965 |
|
CLIENTS |
150.005 |
126.192 |
137.915 |
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INVENTORY |
125.174 |
108.406 |
108.001 |
|
RECOVERABLE TAXES |
4.579 |
7.902 |
11.965 |
|
DEFERRED TAXES |
|
|
15.530 |
|
OTHER |
15.312 |
15.480 |
7.679 |
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|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
312.182 |
283.534 |
308.055 |
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
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DEFERRED TAXES |
57.309 |
58.761 |
39.698 |
|
JUDICIAL DEPOSITS |
1.049 |
918 |
4.501 |
|
RECOVERABLE TAXES |
3.347 |
2.095 |
2.032 |
|
OTHER CREDITS |
23 |
23 |
23 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
61.728 |
61.797 |
46.254 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
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INVESTMENTS |
8.873 |
8.662 |
9.582 |
|
FIXED ASSETS |
188.269 |
174.735 |
161.609 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
197.142 |
183.397 |
171.191 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
571.052 |
528.728 |
525.500 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
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SUPPLIERS |
135.649 |
132.092 |
108.703 |
|
LABOR OBLIGATIONS |
21.200 |
18.005 |
19.094 |
|
TAXES & CONTRIBUTIONS |
13.735 |
12.671 |
10.862 |
|
LOANS AND FINANCING |
13.807 |
17.990 |
17.749 |
|
PROVISIONS |
14.606 |
13.896 |
13.798 |
|
INTERESTS ON OWN CAPITAL |
5.516 |
4.146 |
4.388 |
|
OTHER |
5.906 |
7.614 |
1.320 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
210.419 |
206.414 |
175.914 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
DEFERRED INCOME |
|
|
2.470 |
|
PROVISION FOR CONTINGENCIES |
77.104 |
72.763 |
|
|
PROVISIONS |
23.106 |
22.373 |
139.702 |
|
DEFERRED REVENUE |
950 |
1.710 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
101.160 |
96.846 |
142.172 |
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NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
156.889 |
156.889 |
156.889 |
|
CAPITAL RESERVES |
1 |
1 |
1 |
|
PROFIT RESERVES |
102.583 |
68.578 |
50.524 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
259.473 |
225.468 |
207.414 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
571.052 |
528.728 |
525.500 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
|
1.410.561 |
1.389.672 |
|
(-) TAXES ON SALES |
|
318.634 |
313.111 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
1.075.910 |
1.091.927 |
1.076.561 |
|
(-) COST OF SOLD GOODS |
784.288 |
785.626 |
755.802 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
291.622 |
306.301 |
320.759 |
|
OPERATING REVENUE (EXPENSE) |
-203.561 |
-199.184 |
-225.160 |
|
FINANCIAL REVENUE(EXPENSE) |
-63 |
5.085 |
8.011 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
87.998 |
112.202 |
103.610 |
|
CONTRIBUTION/INCOME TAX |
-20.856 |
-34.028 |
-22.911 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
67.142 |
78.174 |
80.699 |
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
,89 |
|
,85 |
|
1,14 |
|
|
CURRENT RATIO |
1,48 |
|
1,37 |
|
1,75 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7,17 |
TIMES |
8,65 |
TIMES |
7,81 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
50,19 |
DAYS |
41,60 |
DAYS |
46,12 |
DAYS |
|
INVENTORY TURNOVER |
6,27 |
TIMES |
7,25 |
TIMES |
7,00 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
62,26 |
DAYS |
60,53 |
DAYS |
51,78 |
DAYS |
|
RETURN ON ASSETS |
1,88 |
TIMES |
2,07 |
TIMES |
2,05 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
4,15 |
TIMES |
4,84 |
TIMES |
5,19 |
TIMES |
|
NET WORTH TIE-UP |
,73 |
|
,78 |
|
,78 |
|
|
INDEBTEDNESS |
1,20 |
|
1,35 |
|
1,53 |
|
|
EQUITY RATIO |
45,44 |
% |
42,64 |
% |
39,47 |
% |
|
WORKING CAPITAL RATIO |
48,36 |
% |
37,36 |
% |
75,12 |
% |
|
GENERAL SOLVENCY |
1,83 |
|
1,74 |
|
1,65 |
|
|
RETURN ON NET EQUITY |
25,88 |
% |
34,67 |
% |
38,91 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6,24 |
% |
7,16 |
% |
7,50 |
% |
|
GROSS PROFIT MARGIN |
27,10 |
% |
28,05 |
% |
29,79 |
% |
|
OPERATIONAL RESULT |
8,18 |
% |
10,28 |
% |
9,62 |
% |
|
SALES TURNOVER ON LIABILITIES |
5,11 |
TIMES |
5,29 |
TIMES |
6,12 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,01 |
- OFFICIAL RATE ON 25/03/2013 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT SHOWS
A SLIGHTLY HIGH LEVEL OF INDEBTEDNESS BUT MAINLY IS COMPRISED BY LONG-TERM
LIABILITIES. ON THE OTHER HAND IT SHOWS GOOD CURRENT RATIO AND HIGH WORKING
CAPITAL. SALES DROPPED SLIGHTLY BUT REMAINS HIGH AND MADE PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 110.589.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 261.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 27.319.000,00
INSURANCE
|
INSURANCE COMPANY: |
ZURICH BRASIL SEGUROS S/A |
|
COVERAGE: |
FIXED ASSETS AND INVENTORIES |
|
|
|
|
INSURANCE COMPANY: |
NOT AVAILABLE |
|
COVERAGE: |
OPERATIONAL RISKS |
|
VALUE: |
R$ 337.036.000,00 |
|
|
|
|
INSURANCE COMPANY: |
NOT AVAILABLE |
|
COVERAGE: |
LIABILITY |
|
VALUE: |
R$ 13.060.000,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
11
2128-7400 |
SÃO PAULO/SP |
|
BANCO CITIBANK S/A |
PAULISTA / 11 5576-1000 |
SÃO PAULO/SP |
|
BANCO BRADESCO S/A |
CORPORATE / 11 2128-4500 |
SÃO PAULO/SP |
|
BANCO ITAÚ BBA S/A |
11
3708-8755 |
SÃO PAULO/SP |
|
BANCO BNP PARIBAS BRASIL S/A |
CORPORATE / 11 3841-3100 |
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 CHEMICALS. IT HAS 6 BUSINESS DIVISIONS: - LIFE SCIENCE & ELECTRONIC CHEMICALS - TEXTILE, LEATHER & PAPER CHEMICALS - MASTERBATCHES - PIGMENTS - FUNCTIONAL CHEMICALS - CELLULOSE ETHERS & POLYMERISATES |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
UNITED STATES, MALAYSIA, GERMANY, SINGAPORE AND INDIA. |
EXPORTS TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
CITY: |
|
|
BASF S/A |
SÃO BERNARDO DO CAMPO/SP |
|
|
BAYER CROPSCIENCE |
SÃO PAULO/SP |
|
|
BOMBRIL S/A |
SÃO BERNARDO DO CAMPO/SP |
|
|
CIA. VALE DO RIO DOCE |
LONDRINA/PR |
|
|
IGL INDUSTRIAL LTDA |
VINHEDO/SP |
|
|
INTERNATINAL PAPER |
MOGI GUAÇU/SP |
|
|
KLABIN S/A |
SÃO PAULO/SP |
|
|
PETROBRAS DISTRIBUIDORA S/A |
RIO DE JANEIRO/RJ |
|
|
PETROBRÁS DISTRIBUIDORA S/A-BR |
RIO DE JANEIRO/RJ |
|
|
PROCOSA PRODUTOS DE BELEZA LTDA |
RIO DE JANEIRO/RJ |
|
|
PROCTER & GAMBLE S/A |
SÃO PAULO/SP |
|
|
RENNER SAYERLACK S/A |
GRAVATAÍ/RS |
|
|
SAMARCO MINERAÇÃO S/A |
MARIANA/MG |
|
|
UNILEVER BRASIL LTDA |
VINHEDO/SP |
|
|
VALE S/A |
NOVA LIMA/MG |
|
|
VICUNHA TÊXTIL S/A |
SÃO PAULO/SP |
|
|
VOTORANTIM CELULOSE E PAPEL S/A |
RIBEIRÃO PRETO/SP |
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1640 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY MEMBER OF AN IMPORTANT
MULTINATIONAL GROUP WITH AN EXCELLENT TRADE REPUTATION WORLDWIDE. 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. |
|
MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
CITY: |
|
|
AIR LIQUIDE |
SÃO PAULO/SP |
|
|
BASF S/A |
SÃO BERNARDO DO CAMPO/SP |
|
|
BUETTNER S/A IND COM |
|
|
|
CARBOCLORO S/A IND. QUÍMICAS |
SÃO PAULO/SP |
|
|
DOW QUÍMICA S/A |
SÃO PAULO/SP |
|
|
EXXON MOBIL QUÍMICA LTDA |
SÃO PAULO/SP |
|
|
FRAMA IND GRAFICA LTDA |
|
|
|
INNOVA S/A |
SÃO PAULO/SP |
|
|
KAPITON CONF LTDA |
|
|
|
LYONDELL QUÍMICA DO BRASIL LTDA |
SÃO PAULO/SP |
|
|
METALÚRGICA BARRA DO PIRAÍ LTDA |
SÃO PAULO/SP |
|
|
OXITENO S/A INDÚSTRIA E COMÉRCIO |
SÃO PAULO/SP |
|
|
RHODIA BRASIL LTDA |
SÃO PAULO/SP |
|
|
ROSELI DA SILVA PASCHOALATTO COM RELOGIOS - EPP |
|
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|
SOLVAY INDUPA BRASIL S/A |
SÃO PAULO/SP |
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VICK COM PLAST ISOLANTES LTDA |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
AKO NOBEL |
GERMANY |
|
|
BASF SE |
GERMANY |
|
|
BAYER AG |
LUDWIGSHAFE, GERMANY |
|
|
CELANESE LTD |
DALLAS, USA |
|
|
COGNIS OLEOCHEMICALS (M) SDN BHD |
SELANGOR, MALAYSIA |
|
|
ECKART GMBH & CO. |
FUERTH, GERMANY |
|
|
ECOGREEN OLEOCHEMICAL (S) PTE |
SINGAPORE, SINGAPORE |
|
|
GODREJ INDUSTRIES LTD |
MUMBAI, INDIA |
|
|
LANXESS DEUTSCHLAND GMBH |
LEVERKUSEN, GERMANY |
|
|
PROCTER & GAMBLE DISTRIB COMPANY |
NEW MILFORD, USA |
|
|
THE DOW CHEMICAL CORPORATION |
MICHIGAN, USA |
|
|
VASANT CHEMICALS LTD |
BEGUMPET, HYDERABAD, INDIA |
|
|
PAYMENT HISTORY: |
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21 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 13.593.450,00 |
|
|
|
AMOUNT OF INVOICES PAID: 371 |
|
TOTAL OF PROMPT PAYMENTS: 99,7% |
|
TOTAL OF DELAYED PAYMENTS: 0,3% |
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|
|
HIGHEST INVOICE: R$ 2.180.641,00 |
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HIGHEST CREDIT: R$ 106.953,00 |
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|
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL
AMOUNT: |
|
DUE WITHIN 30 DAYS |
3 |
4 |
R$ 274.906,00 |
|
DUE WITHIN 60 DAYS |
1 |
1 |
R$ 106.953,00 |
FINAL OPINION
|
THE SUBJECT IS A TRADITIONAL AND WELL-ESTABLISHED COMPANY MEMBER OF AN
IMPORTANT MULTINATIONAL GROUP. IT HAS A HIGH SCALE OF OPERATIONS AND A HUGE FINANCIAL
POWER. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. |
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BALANCE SHEET ANALYSIS |
FIGURES ARE IN THOUSANDS
OF REAIS |
|
|
|
||
|
|
31/12/2011 |
|
31/12/2010 |
|
31/12/2009 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
54.67 |
$
283,534 |
53.63 |
$
308,055 |
58.62 |
|
|
Fixed Assets |
$ 197,142 |
34.52 |
$ 183,397 |
34.69 |
$
171,191 |
32.58 |
|
TOTAL ASSETS |
$ 571,052 |
100.00 |
$ 528,728 |
100.00 |
$
525,500 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 210,419 |
36.85 |
$ 206,414 |
39.04 |
$
175,914 |
33.48 |
|
Long-Term Liabilities |
$ 101,160 |
17.71 |
$ 96,846 |
18.32 |
$
142,172 |
27.05 |
|
TOTAL LIABILITIES |
$ 311,579 |
54.56 |
$ 303,260 |
57.36 |
$
318,086 |
60.53 |
|
Deferred Income |
$ - |
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 259,473 |
45.44 |
$ 225,468 |
42.64 |
$
207,414 |
39.47 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 571,052 |
100.00 |
$ 528,728 |
100.00 |
$
525,500 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 1,075,910 |
100.00 |
$ 1,091,927 |
100.00 |
$
1,076,561 |
100.00 |
|
Costs |
$ 784,288 |
72.90 |
$ 785,626 |
71.95 |
$
755,802 |
70.21 |
|
Gross Profit |
$ 291,622 |
27.10 |
$ 306,301 |
28.05 |
$
320,759 |
29.79 |
|
Operating expenses |
$ (203,561) |
-18.92 |
$ (199,184) |
-18.24 |
$
(225,160) |
-20.91 |
|
operational Result |
$ 87,998 |
8.18 |
$ 112,202 |
10.28 |
$
103,610 |
9.62 |
|
Net Profit (loss) |
$ 67,142 |
6.24 |
$ 78,174 |
7.16 |
$ 80,699 |
7.50 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 125,174 |
|
$ 108,406 |
|
$
108,001 |
|
|
Accounts receivable |
$ 150,005 |
|
$ 126,192 |
|
$
137,915 |
|
|
Accounts Payable |
$ 135,649 |
|
$ 132,092 |
|
$
108,703 |
|
|
Property, plant and equipment |
$ 188,269 |
|
$ 174,735 |
|
$
161,609 |
|
|
Purchases |
$
197,142 |
|
$ 183,397 |
|
$
171,191 |
|
|
Financial Expenses |
$ (63) |
|
$ 5,085 |
|
$ 8,011 |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 101,763 |
|
$ 77,120 |
|
$
132,141 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
0.89 |
|
0.85 |
|
1.14 |
|
|
CURRENT RATIO |
1.48 |
|
1.37 |
|
1.75 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
7.17 |
times |
8.65 |
times |
7.81 |
times |
|
DAYS' SALES IN RECEIVABLES |
50.19 |
days |
41.60 |
days |
46.12 |
days |
|
INVENTORY TURNOVER |
6.27 |
times |
7.25 |
times |
7.00 |
times |
|
62.26 |
days |
60.53 |
days |
51.78 |
days |
|
|
RETURN ON ASSETS |
1.88 |
times |
2.07 |
times |
2.05 |
times |
|
SALES TURNOVER ON NET EQUIY |
4.15 |
times |
4.84 |
times |
5.19 |
times |
|
NET WORTH TIE-UP |
0.73 |
|
0.77 |
|
0.78 |
|
|
ENDEBTEDNESS |
1.20 |
|
1.35 |
|
1.53 |
|
|
EQUITY RATIO |
45.44 |
% |
42.64 |
% |
39.47 |
% |
|
WORKING CAPITAL RATIO |
48.36 |
% |
37.36 |
% |
75.12 |
% |
|
GENERAL SOLVENCY |
1.83 |
|
1.74 |
|
1.65 |
|
|
RETURN ON NET EQUITY |
25.88 |
% |
34.67 |
% |
38.91 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
6.24 |
% |
7.16 |
% |
7.50 |
% |
|
GROSS PROFIT MARGIN |
27.10 |
% |
28.05 |
% |
29.79 |
% |
|
OPERATIONAL RESULT |
8.18 |
% |
10.28 |
% |
9.62 |
% |
|
SALES TURNOVER ON LIABILITIES |
5.11 |
times |
5.29 |
times |
6.12 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.