|
Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
WHIRLPOOL S A |
|
|
|
|
Registered Office : |
Avenida Das Nações Unidas, 12995 21º/27º/31º/32º Andares
Brooklin Novo 04578-000 - SÃO Paulo/SP |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.12.1957 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Manufacture and sale of household apparatuses, metallurgy as
well as import and export. |
|
|
|
|
No. of Employees |
18,328 |
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 – 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 |
WHIRLPOOL S A
|
MAIN ADDRESS: |
AVENIDA DAS NAÇÕES UNIDAS, 12995 21º/27º/31º/32º ANDARES BROOKLIN NOVO |
|
ZIP CODE/CITY: |
04578-000 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 3787-6102 |
|
FAX: |
11 3787-6100 |
|
E-MAIL: |
multibras@multibras.com.br |
|
WEB SITE: |
www.multibras.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA DONA FRANCISCA, 7200 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
89219-600 JOINVILLE/SC |
|
PHONE: |
47 3803-5400 |
|
|
|
|
ADDRESS: |
ESTRADA TORQUATO TAPAJÓS, 7.500 KM 12 COLÔNIA TERRA NOVA |
|
ZIP CODE/CITY: |
69048-660 MANAUS/AM |
|
|
|
|
ADDRESS: |
AVENIDA EIXO DA INTEGRAÇÃO, 689 - MURIBECA |
|
ZIP CODE/CITY: |
054360-00 JABOATÃO DOS GUARARAPES/PE |
|
|
|
|
ADDRESS: |
AVENIDA TAMBORÉ, 1000 - TAMBORÉ |
|
ZIP CODE/CITY: |
06460-000 BARUERI/SP |
|
|
|
|
REQUESTED ADDRESS: |
RUA RUI BARBOSA, 1020 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
89219-901 JOINVILLE/SC |
|
PHONE: |
47 3441-2465 |
|
CNPJ: |
59.105.999/0057-30 |
|
|
|
|
ADDRESS: |
RUA DONA FRANCISCA, 8300 - MOD. 01 - BLOCO B |
|
ZIP CODE/CITY: |
89239-270 JOINVILLE/SC |
|
PHONE: |
47 3441-7986 |
|
|
|
|
ADDRESS: |
AVENIDA 80A, Nº. 777 - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
RIO CLARO/SP |
|
PHONE: |
19 2111-9100 |
|
MAIN ACTIVITIES: |
|
MANUFACTURE AND SALE OF HOUSEHOLD APPARATUSES, METALLURGY AS WELL AS IMPORT AND EXPORT. |
|
LEGAL FORM: |
PUBLICLY HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
06/12/1957 |
|
REGISTER DATE: |
06/12/1957 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
59.105.999/0001-86 |
|
STATE REGISTER: |
113.779.591.110 |
|
|
|
|
SHARE CAPITAL: |
R$ 1.085.793.037,93 |
|
LAST REGISTER OF CAPITAL: |
31/08/2006 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
JOÃO CARLOS COSTA BREGA |
PRESIDENT DIRECTOR |
|
ROBERTO HOLTHAUSEN CAMPOS |
PRESIDENT DIRECTOR |
|
ENRICO ZITO |
PRESIDENT DIRECTOR |
|
ARTHUR HENRIQUE DE AGUIAR C AZEVEDO |
FINANCIAL DIRECTOR |
|
JOSÉ LAINOR DRIESSEN |
OPERATIONS DIRECTOR |
|
REINALDO MAYKOT |
MARKETING DIRECTOR |
|
JOSÉ JÚLIO DE SOUZA PEREIRA |
DIRECTOR |
|
CARLOS HENRIQUE PINTO HADDAD |
INVESTORS RELATIONS DIRECTOR |
|
SÉRGIO AUGUSTO FRANÇA LEME |
SALES DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
BRASMOTOR S/A |
44,23% |
|
WHIRLPOOL DO BRASIL LTDA |
49,94% |
|
OTHERS |
5,83% |
|
AFFILIATES / SUBSIDIARIES: |
|
|
|
|
|
BRASTEMP DA AMAZÔNIA S.A. |
99,99% |
|
BRASTEMP UTILIDADES DOMÉSTICAS LTDA |
99,00% |
|
CONSÓRCIO NACIONAL BRASTEMP S/C LTDA. |
99,00% |
|
LATIN AMERICA WARRANTY S.A. |
99,95% |
|
WHIRLPOOL ARGENTINA S.A. |
99,95% |
|
EALING COMPANHIA DE GESTIONES Y PARTICIPACIONES S.A. |
100,0% |
|
EMBRACO EUROPE S.R.L. |
99,99% |
|
BEIJING EMBRACO SNOWFLAKE COMPRESSOR CO. LTD. |
66,92% |
|
EMBRACO SLOVAKIA S.R.O. |
99,99% |
|
EMBRACO MÉXICO S. DE R.S.L. DE C.V. |
99,99% |
|
WHIRLPOOL PUNTANA S.A. |
99,95% |
|
WHIRLPOOL CHILE S.A. |
100,0% |
|
MLOG - ARMAZÉM GERAL LTDA. |
100,0% |
|
EMBRACO NORTH AMERICA, INC |
100,0% |
|
BRASMOTOR BEGAN OPERATING IN 1947, WHEN THE COMPANY COMPANHIA DISTRIBUIDORA GERAL BRASMOTOR, STARTED TO IMPORT AND TRADE REFRIGERATORS OF BRAND NORGE, ALASKA AND WHITE STAR. LATER, BRASMOTOR BECAME A HOLDING AND THE UNIT PRODUCER OF REFRIGERATORS WITH THE NAME OF MULTIBRAS, ESTABLISHED IN 1957. MULTIBRÁS TRADE PRODUCTS WITH THE BRAND BRASTEMP AND DUE TO THE HIGH ACCEPTANCE, IN 1972 DECIDED TO CHANGE THE NAME FROM MULTIBRÁS TO BRASTEMP AND CONSEQUENTLY HELD INTEREST DIRECTLY AND INDIRECTLY IN THE COMPANY EMPRESA BRASILEIRA DE COMPRESSORES S/A - EMBRACO. IN 1976 THE COMPANY ACQUIRED IMPORTANT SHAREHOLDING PARTICIPATION IN CONSUL S/A, COMPETITOR COMPANY HEADQUARTERED IN JOINVILLE/SC, PRODUCER OF COMPRESSORS, IMPORTANT COMPONENT FOR THE MANUFACTURING OF REFRIGERATORS, COMPANY AFFILIATED TO CONSUL S/A. IN 1983, BRASTEMP ACQUIRED TOGETHER WITH BRASMOTOR AND CONSUL THE SHAREHOLDING CONTROL OF HEVEA DA AMAZÔNIA INDÚSTRIA DE PLÁSTICOS S/A, HEADQUARTERED IN THE ZONA FRANCA DE MANAUS AND ALTERED ITS NAME TO MULTIBRÁS DA AMAZÔNIA S/A. IN 1984, BRASTEM ACQUIRED 100% OF THE SHAREHOLDING CONTROL OF SEMER S/A, AN IMPORTANT PRODUCER OF POPULAR STOVES, IN SÃO PAULO. IN 1992 FINISHED THE INCORPORATION BRASTEMP DA AMAZÔNIA FOR THE PRODUCING OF MICROWAVE OVENS ALONG WITH CONSUL S/A AND MULTIBRÁS DA AMAZÔNIA S/A. IN APRIL 1994 BRASTEMP S/A WENT PUBLIC AND CHANGED ITS CORPORATE NAME TO MULTIBRÁS S/A ELECTRODOMÉSTICOS AND TOOK OVER THE COMPANIES CONSUL S/A AND SEMERS/A AND BECAME THE LARGEST MANUFACTURER OF HOUSEHOLD APPARATUSES IN LATIN AMERICA. IN 1998 THE COMPANY CONSUL INDUSTRIAL DA AMAZONIA S/A WAS TAKEN OVER BY BRASTEMP DA AMAZONIA S/A. IN 1996 ENDED THE FORMATION OF A WHOLE-OWNED SUBSIDIARY NAMED PAR S/A, AIMED AT THE FINANCING THE PRODUCTS BY THE RETAIL CHAINS. IN AUGUST 1997, MULTIBRÁS S/A ELETRODOMÉSTICOS TOOK OVER THE SHAREHOLDING CONTROL OF WHIRLPOOL ARGENTINA S/A UNTIL THEN HELD BY BRASMOTOR S/A AND WHIRPOOL CORPORATION.IN MAY 1998 MULTIBRÁS ACQUIRED PART OF OPERATIONS OF PHILIPS IN CHILE AND ALTERED ITS NAME TO WHIRLPOOL CHILE LTDA. IN JANUARY 2000 THE WHIRLPOOL CORPORATION ACQUIRED 88% OF SHARES HELD BY MINORITY SHAREHOLDERS AND BECAME HOLDER OF 95% OF THE TOTAL CAPITAL OF MULTIBRÁS.IN FEBRUARY 2001 THE COMPANY TOOK OVER THE ASSETS AND LIABILITIES OF MULTIBRÁS PAR S/A. EARLY 2001, THE COMPANY IMPLANTED, THROUGH A RATIONALIZATION PLAN THE CENTRALIZATION OF THE REFRIGERATION PRODUCTS IN JOINVILLE/SC. ON SEPTEMBER 30, 2005 THE COMPANY TRANSFERRED THE TOTALITY OF ITS PARTICIPATION AT MULTIBRÁS DA AMAZÔNIA S.A., (52,53%) TO FLEXTRONICS PLÁSTICOS LTDA, COMPANY OF THE GROUP FLEXTRONICS INTERNATIONAL LTD. SO MULTIBRÁS DA AMAZÔNIA S.A CHANGED ITS CORPORATIVE NAME TO FLEXTRONICS MANAUS LTDA. ON APRIL 28, 2006 THE SHAREHOLDERS OF MULTIBRAS S/A ELETRODOMESTICOS WAS APPROVED THE TAKEOVER OF EMPRESA BRASILEIRA DE COMPRESSORES S/A - EMBRACO AND CONCOMITANTLY THE CORPORATE NAME CHANGED TO WHIRLPOOL S.A. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
PROTESTS: |
|
53 PROTESTS,TOTAL AMOUNT R$ 253.675,88 |
|
DATE OF FIRST PROTEST: MAY/2009 R$ 16.122,46 |
|
DATE OF HIGHEST PROTEST: MARCH/2014 R$ 19.878,97 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE RIO CLARO/SP |
04/2014 |
R$ 145,30 |
|
3º CARTÓRIO DE RIO CLARO/SP |
04/2014 |
R$ 5.858,38 |
|
2º CARTORIO DE JABOATÃO DOS GUARARAPES/PE |
04/2014 |
R$ 6.657,97 |
|
2º CARTORIO DE RIO CLARO/SP |
04/2014 |
R$ 3.184,96 |
|
3º CARTORIO DE
JOINVILLE/SC |
04/2014 |
R$ 5.117,20 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
22/12/10 |
12ª VARA DE SP-SP-FEDERAL |
|
1 |
STATE LAWSUIT |
16/09/09 |
VARA DE SP-RIO CLARO |
|
1 |
EXECUTIVE LAWSUIT |
18/04/12 |
VARA DE SE-MARUIM |
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND BANKS |
447.442 |
128.780 |
196.459 |
|
CLIENTS |
413.417 |
456.142 |
407.735 |
|
INVENTORY |
610.280 |
516.194 |
460.902 |
|
RECOVERABLE TAXES |
114.626 |
75.331 |
68.295 |
|
INTERCOMPANY CREDITS |
2.125.022 |
2.015.354 |
1.174.204 |
|
ACCOUNTS RECEIVABLE |
74.418 |
104.427 |
68.934 |
|
DIVIDENDS RECEIVABLES |
7.532 |
|
17.535 |
|
DERIVATIVES OPERATIONS |
4.213 |
17.604 |
9.611 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
3.796.950 |
3.313.832 |
2.403.675 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
RECOVERABLE TAXES |
26.710 |
28.203 |
27.837 |
|
DEFERRED TAXES |
264.774 |
290.224 |
320.536 |
|
INTERCOMPANY CREDITS |
230.169 |
192.534 |
284.089 |
|
JUDICIAL DEPOSITS |
116.606 |
109.534 |
107.669 |
|
ACCOUNTS RECEIVABLES |
42.750 |
30.265 |
33.280 |
|
DERIVATIVES OPERATIONS |
1.021 |
2.158 |
144 |
|
OTHER CREDITS |
347 |
347 |
347 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
682.377 |
653.265 |
773.902 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.342.967 |
1.012.266 |
848.525 |
|
FIXED ASSETS |
691.434 |
684.403 |
677.102 |
|
INTANGIBLE |
68.722 |
64.484 |
59.700 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
2.103.123 |
1.761.153 |
1.585.327 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
6.582.450 |
5.728.250 |
4.762.904 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
LOANS AND FINANCING |
15.183 |
19.269 |
19.085 |
|
SUPPLIERS |
1.731.469 |
1.649.996 |
1.274.134 |
|
TAX LIABILITIES |
144.707 |
86.751 |
83.740 |
|
INTERCOMPANY DEBTS |
269.281 |
221.616 |
211.430 |
|
ACCOUNTS PAYABLE |
401.775 |
377.211 |
707.111 |
|
DERIVATIVES OPERATIONS |
86.148 |
45.733 |
100.020 |
|
SOCIAL / LABOR OBLIGATIONS |
108.951 |
117.833 |
106.920 |
|
PROVISIONS |
|
38.945 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
2.757.514 |
2.557.354 |
2.502.440 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
RELATED COMPANIES |
1.106.846 |
792.618 |
120.661 |
|
LOANS AND FINANCING |
122.710 |
92.275 |
65.801 |
|
PROVISIONS |
178.710 |
256.859 |
358.038 |
|
FISCAL OBLIGATIONS |
65.521 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
1.473.787 |
1.141.752 |
544.500 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
1.085.793 |
1.085.793 |
1.085.793 |
|
CAPITAL RESERVES |
72.647 |
63.992 |
54.037 |
|
PROFIT RESERVES |
1.237.545 |
968.251 |
681.738 |
|
OTHER COMPREHENSIVE INCOME |
-30.162 |
-30.540 |
-31.986 |
|
CUMULATIVE TRANSLATION ADJUSTMENT |
-14.674 |
-58.352 |
-73.618 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
2.351.149 |
2.029.144 |
1.715.964 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
6.582.450 |
5.728.250 |
4.762.904 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
NET SALES |
6.690.495 |
6.337.687 |
5.817.938 |
|
(-) COST OF SOLD GOODS |
5.184.494 |
4.943.351 |
4.317.720 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.506.001 |
1.394.336 |
1.500.218 |
|
OPERATING REVENUE (EXPENSE) |
-571.730 |
-634.420 |
-1.181.108 |
|
FINANCIAL REVENUE(EXPENSE) |
-4.249 |
-3.836 |
-19.638 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
930.022 |
756.080 |
299.472 |
|
CONTRIBUTION/INCOME TAX |
-117.275 |
-149.813 |
69.206 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
812.747 |
606.267 |
368.678 |
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
1,16 |
|
1,09 |
|
,78 |
|
|
CURRENT RATIO |
1,38 |
|
1,30 |
|
,96 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
16,18 |
TIMES |
13,89 |
TIMES |
14,27 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
22,25 |
DAYS |
25,91 |
DAYS |
25,23 |
DAYS |
|
INVENTORY TURNOVER |
8,50 |
TIMES |
9,58 |
TIMES |
9,37 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
120,23 |
DAYS |
120,16 |
DAYS |
106,23 |
DAYS |
|
RETURN ON ASSETS |
1,02 |
TIMES |
1,11 |
TIMES |
1,22 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,85 |
TIMES |
3,12 |
TIMES |
3,39 |
TIMES |
|
NET WORTH TIE-UP |
,29 |
|
,34 |
|
,39 |
|
|
INDEBTEDNESS |
1,80 |
|
1,82 |
|
1,78 |
|
|
EQUITY RATIO |
35,72 |
% |
35,42 |
% |
36,03 |
% |
|
WORKING CAPITAL RATIO |
37,69 |
% |
29,58 |
% |
-3,95 |
% |
|
GENERAL SOLVENCY |
1,56 |
|
1,55 |
|
1,56 |
|
|
RETURN ON NET EQUITY |
34,57 |
% |
29,88 |
% |
21,49 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
12,15 |
% |
9,57 |
% |
6,34 |
% |
|
GROSS PROFIT MARGIN |
22,51 |
% |
22,00 |
% |
25,79 |
% |
|
OPERATIONAL RESULT |
13,90 |
% |
11,93 |
% |
5,15 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,43 |
TIMES |
2,48 |
TIMES |
2,32 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,24 |
- OFFICIAL RATE ON 17/04/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES FOR FISCAL 2013 SHOW A SATISFACTORY FINANCIAL STANDING. IT SHOWED HIGH LEVEL OF INDEBTEDNESS BUT HAS GOOD LIQUIDITY AND IMPORTANT WORKING CAPITAL, CONSIDERED SUFFICIENT TO COVERT HE SHORT TERM DEBTS. FURTHER, IT SHOWED GROWING SALES AND POSTED PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 237.202.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 293.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 1.885.596.000,00
|
AS OF DECEMBER 31, 2013 THE INSURANCE COVERAGE AGAINST FIRE, THEFT, VEHICLE CRASH AND SUNDRY RISKS OVER FIXED ASSETS, INVENTORY AND LOSS OF INCOME IS CONSIDERED SUFFICIENT BY THE ADMINISTRATION TO COVER CONTINGENCY INDEMNITIES. |
|
|
|
CITY: |
|
BANCO DO BRASIL S/A |
|
SÃO BERNARDO DO CAMPO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
|
SÃO BERNARDO DO CAMPO/SP |
|
BANCO BRADESCO S/A |
|
SÃO BERNARDO DO CAMPO/SP |
|
BANCO ITAÚ S/A |
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SÃO BERNARDO DO CAMPO/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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SUBJECT IS ENGAGED IN THE MANUFACTURE AND SALE OF HOUSEHOLD APPARATUSES, METALLURGY AS WELL AS IMPORT AND EXPORT. |
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IMPORT AND EXPORT: |
IMPORTS FROM:
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GERMANY AND UNITED STATES. |
EXPORTS TO:
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UNITED STATES. |
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MAIN CLIENTS: |
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DOMESTIC CLIENTS: |
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CASAS BAHIA COMERCIAL LTDA |
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GLOBEX UTILIDADES DOMESTICAS |
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STAFF: |
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THE COMPANY HAS: 18328 EMPLOYEE(S) |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1957. SO FAR IT HAS A CLEAR TRADE HISTORY AND A GOOD PAYMENT BEHAVIOR. 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. OUR INVESTIGATION THROUGH THE PUBLIC 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 DO NOT AFFECT ITS TRADE REPUTATION. |
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MAIN SUPPLIERS: |
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DOMESTIC SUPPLIERS: |
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ALCAN ALUMINIO DO BRASIL S/A |
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BAYER S/A |
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CIA AÇOS ESPECIAIS ITABIRA -ACESITA |
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CIA SIDERURGICA NACIONAL |
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EMPRESA BRASILEIRA DE COMPRESSORES S/A |
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METALURGICA DUQUE S/A |
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USIMINAS S/A |
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PAYMENT HISTORY: |
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34 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 27.686.620,00 |
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AMOUNT OF INVOICES PAID: 4229 |
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TOTAL OF PROMPT PAYMENTS: 98,1% |
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TOTAL OF DELAYED PAYMENTS: 1,9% |
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HIGHEST INVOICE: R$ 121.660,00 |
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HIGHEST CREDIT: R$ 341.026,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT +90 DAYS: |
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SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
8 |
141 |
R$ 412.778,00 |
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DUE WITHIN 60 DAYS |
6 |
30 |
R$ 242.152,00 |
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DUE WITHIN 90 DAYS |
3 |
18 |
R$ 119.921,00 |
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DUE WITHIN OER 90 DAYS |
1 |
6 |
R$ 25.025,00 |
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS SATISFACTORY FINANCIAL STANDING, A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. 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.. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.12 |
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1 |
Rs.102.71 |
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Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
-- |
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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.