|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
STAHL BRASIL S A |
|
|
|
|
Registered Office : |
Rua Boa Vista,1832 A - Estação Portão 93180-000 -
Portão/Rs |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.09.1978 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture and trade of chemical products for leather and
related as well as distribution of solvents |
|
|
|
|
No. of Employees |
99 |
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 : |
Slow but correct |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 in 2011-13. 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
|
Source
: CIA |
STAHL BRASIL S/A
|
MAIN ADDRESS: |
RUA BOA VISTA,1832 A - ESTAÇÃO PORTÃO |
|
ZIP CODE/CITY: |
93180-000 - PORTÃO/RS |
|
|
|
|
PHONE: |
51 3304-9955 |
|
E-MAIL: |
luciano.matte@stahl.com |
|
WEB SITE: |
www.stahl.com |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA BOA VISTA,1832 - ESTAÇÃO PORTÃO |
|
ZIP CODE/CITY: |
93180-000 PORTÃO/RS |
|
CNPJ: |
89.488.316/0006-92 |
|
STATE REGISTER: |
213/0007915 |
|
|
|
|
ADDRESS: |
AV WILSON BEGO,400 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
14406-091 FRANCA/SP |
|
CNPJ: |
89.488.316/0002-69 |
|
STATE REGISTER: |
310.070.849.110 |
|
|
|
|
ADDRESS: |
RUA BENTO GONCALVES,3144 |
|
ZIP CODE/CITY: |
93520-000 NOVO HAMBURGO/RS |
|
STATE REGISTER: |
086/0083772 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND TRADE OF CHEMICAL PRODUCTS FOR LEATHER AND RELATED AS WELL AS DISTRIBUTION OF SOLVENTS. |
|
LEGAL FORM: |
PRIVATELY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
01/09/1978 |
|
REGISTER DATE: |
23/11/1978 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
89.488.316/0001-88 |
|
STATE REGISTER: |
213/0007915 |
|
|
|
|
SHARE CAPITAL: |
R$ 14.412.000,00 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
SAUL RIOS ALVAREZ |
PRESIDENT DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
STAHL NETHERLANDS BV |
99,99% |
|
STAHL HOLDINGS BV |
0,01% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
KALANDA INDUSTRIA E COMERCIO DE CALÇADOS |
|
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 01, 1978 AS STAHL BRASIL QUÍMICA INDÚSTRIA E COMÉRCIO LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "TOKI". FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
NO DETRIMENTAL FILES WERE FOUND. |
|
GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
3.136.075,00 |
1.727.159,00 |
8.487.989,00 |
|
CLIENTS |
34.186.457,00 |
27.225.296,00 |
20.120.518,00 |
|
INVENTORY |
9.428.393,00 |
7.401.655,00 |
7.460.094,00 |
|
RECOVERABLE TAXES |
3.626.611,00 |
2.866.390,00 |
1.383.183,00 |
|
OTHER |
632.623,00 |
787.680,00 |
575.957,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
51.010.159,00 |
40.008.180,00 |
38.027.741,00 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
200.000,00 |
200.000,00 |
86.842,00 |
|
CREDIT WITH RELTD COMPANIES |
|
13.810.839,00 |
11.791.566,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
200.000,00 |
14.010.839,00 |
11.878.408,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
15.979,00 |
15.979,00 |
15.979,00 |
|
FIXED ASSETS |
6.385.320,00 |
7.178.088,00 |
7.173.506,00 |
|
INTANGIBLE |
11.471,00 |
18.792,00 |
27.322,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
6.412.770,00 |
7.212.859,00 |
7.216.807,00 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
57.622.929,00 |
61.231.878,00 |
57.122.956,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
SUPPLIERS |
32.766.019,00 |
32.918.589,00 |
29.278.165,00 |
|
TAXES & CONTRIBUTIONS |
4.131.947,00 |
3.514.023,00 |
2.612.776,00 |
|
SALARY, TAXES & CONTRIB. |
788.334,00 |
902.368,00 |
712.158,00 |
|
COMMISSIONS DUE |
|
935.744,00 |
615.281,00 |
|
OTHER |
2.609.958,00 |
1.250.986,00 |
2.338.677,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
40.296.258,00 |
39.521.710,00 |
35.557.057,00 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
|
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
14.412.000,00 |
14.412.000,00 |
14.412.000,00 |
|
CAPITAL RESERVES |
265.821,00 |
265.821,00 |
265.821,00 |
|
PROFIT RESERVES |
2.648.850,00 |
7.032.347,00 |
6.888.078,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
17.326.671,00 |
21.710.168,00 |
21.565.899,00 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
57.622.929,00 |
61.231.878,00 |
57.122.956,00 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
GROSS SALES |
80.158.114,00 |
73.245.673,00 |
79.101.851,00 |
|
(-) TAXES ON SALES |
16.233.664,00 |
15.388.415,00 |
15.952.822,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
63.924.450,00 |
57.857.258,00 |
63.149.029,00 |
|
(-) COST OF SOLD GOODS |
45.571.973,00 |
38.798.730,00 |
38.139.988,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
18.352.477,00 |
19.058.528,00 |
25.009.041,00 |
|
OPERATING REVENUE (EXPENSE) |
-21.755.545,00 |
-20.114.530,00 |
-14.907.736,00 |
|
FINANCIAL REVENUE(EXPENSE) |
-69.393,00 |
1.400.186,00 |
-1.765.515,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
-3.472.461,00 |
344.184,00 |
8.335.790,00 |
|
NON-OPERATING RESULT |
|
24.402,00 |
68.425,00 |
|
CONTRIBUTION/INCOME TAX |
-896.273,00 |
-224.317,00 |
-3.356.195,00 |
|
INTERESTS ON OWN CAPITAL |
1.235.000,00 |
1.290.000,00 |
991.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
-3.133.734,00 |
1.434.269,00 |
6.039.020,00 |
|
RATIOS: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
QUICK RATIO |
1,03 |
|
,83 |
|
,86 |
|
|
CURRENT RATIO |
1,27 |
|
1,01 |
|
1,07 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
1,87 |
TIMES |
2,13 |
TIMES |
3,14 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
192,53 |
DAYS |
169,40 |
DAYS |
114,70 |
DAYS |
|
INVENTORY TURNOVER |
4,83 |
TIMES |
5,24 |
TIMES |
5,11 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
258,84 |
DAYS |
305,44 |
DAYS |
276,35 |
DAYS |
|
RETURN ON ASSETS |
1,11 |
TIMES |
,94 |
TIMES |
1,11 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,69 |
TIMES |
2,67 |
TIMES |
2,93 |
TIMES |
|
NET WORTH TIE-UP |
,37 |
|
,33 |
|
,33 |
|
|
INDEBTEDNESS |
2,33 |
|
1,82 |
|
1,65 |
|
|
EQUITY RATIO |
30,07 |
% |
35,46 |
% |
37,75 |
% |
|
WORKING CAPITAL RATIO |
26,59 |
% |
1,23 |
% |
6,95 |
% |
|
GENERAL SOLVENCY |
1,43 |
|
1,55 |
|
1,61 |
|
|
RETURN ON NET EQUITY |
-18,09 |
% |
6,61 |
% |
28,00 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
-4,90 |
% |
2,48 |
% |
9,56 |
% |
|
GROSS PROFIT MARGIN |
28,71 |
% |
32,94 |
% |
39,60 |
% |
|
OPERATIONAL RESULT |
-5,43 |
% |
,59 |
% |
13,20 |
% |
|
SALES TURNOVER ON LIABILITIES |
1,59 |
TIMES |
1,46 |
TIMES |
1,78 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,23 |
- OFFICIAL RATE ON 16/04/2014 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
COMMENTS ON THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. ASSESSING THE FIGURES ABOVE, IT IS NOTED THAT THE SUBJECT HAS A FAIR FINANCIAL STANDING. IT SHOWS HIGH LEVEL OF INDEBTEDNESS BUT THE COMPANY OPERATES WITH NORMAL CURRENT RATIO WITH POSITIVE WORKING CAPITAL AMOUNT. IN ADDITION IT IS NOTED SALES RECOVER BUT NEGATIVE RESULT WAS MADE. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 10.463.560,00
|
DETAIL OF OWNED REAL ESTATE: |
|
OWNER: |
STAH BRASIL S/A |
|
TYPE: |
BUILDING |
|
TOTAL AREA: |
LAND: 80.000 M² - BUILT UP: 10.000 M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
RUA BOA VISTA, 1832 - PORTÃO/RS |
|
|
|
|
OWNER: |
STAH BRASIL S/A |
|
TYPE: |
BUILDING |
|
TOTAL AREA: |
LAND: 2.000 M² - BUILT UP: 1.243 M² |
|
VALUE: |
R$ ,00 |
|
ADDRESS: |
DISTRITO INDUSTRIAL DE FRANCA/SP, RUA OTILIO M DOS SANTOS, 2981 |
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 7.083.668,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 17.547.228,00
|
INSURANCE: |
|
THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT DISCLOSED. |
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO DO BRASIL S/A |
51 3584-4200 |
NOVO HAMBURGO/RS |
|
BANCO BRADESCO S/A |
51 3594-31132 |
NOVO HAMBURGO/RS |
|
BANCO SANTANDER S/A |
51 3581-6295 |
|
|
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 AND TRADE OF CHEMICAL PRODUCTS FOR LEATHER AND RELATED AS WELL AS DISTRIBUTION OF SOLVENTS. |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
HOLLAND, SPAIN, INDIA, GERMANY AND OTHERS. |
EXPORTS TO:
|
ARGENTINA, CHILE, PARAGUAY, URUGUAY, BOLIVIA AND OTHERS. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
BERTIN LTDA |
|
|
|
MERCOQUIM S/A |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 99 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1978. SO FAR IT HAS A CLEAR TRADE HISTORY, 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. MOST OF THE SUPPLIERS, WHICH PROVIDED INFORMATION, REPORTED PROMPT PAYMENTS, THUS THE SUBJECT HAS AN EXCELLENT TRADE REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
PHONE: |
|
COGNIS BRASIL LTDA |
|
51 371-3244 |
|
IPIRANGA COMERCIAL QUIMICA S/A |
|
51 477-1999 |
|
MAPLA S/A IND DE MATERIAIS PLÁSTICOS |
|
51 477-3200 |
|
NEWSUL EMBALAGENS LTDA |
|
54 453-2662 |
|
SCANDIFLEX DO BRASIL S/A. INDUSTRIAS QUIMICAS |
|
51 450-4633 |
|
PAYMENT HISTORY: |
|
4 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 80.749,00 |
|
|
|
AMOUNT OF INVOICES PAID: 20 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 12.329,00 |
|
HIGHEST CREDIT: R$ 12.329,00 |
|
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 NEGATIVE RESULTS THE COMPANY HAS PAYMENT CAPACITY |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.