MIRA INFORM REPORT

 

 

Report Date :

07.08.2014              

 

 

 

 

 

Tel. No.:

(19) 3883-8000

 

IDENTIFICATION DETAILS

 

Name :

MEXICHEM BRASIL INDÚSTRIA DE TRANSFORMAÇÃO PLÁSTICA LTDA

 

 

Registered Office :

Rua Barra Velha, 100 - Bairro Floresta 89211-730 - Joinville/SC

 

 

Country :

Brazil

 

 

Date of Incorporation :

26.01.1988

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Plastics Products for the Civil Construction.

 

 

No. of Employees :

Not Available

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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, and a rapidly expanding middle class, 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

 

 

 


Company name and address

 

MEXICHEM BRASIL INDÚSTRIA DE TRANSFORMAÇÃO PLÁSTICA LTDA

 

MAIN ADDRESS:

RUA BARRA VELHA, 100 - BAIRRO FLORESTA

ZIP CODE/CITY:

89211-730 - JOINVILLE/SC

 

 

PHONE:

47 3461-7000

FAX:

47 3461-7000

E-MAIL:

fjcosta@mexichem.com

WEB SITE:

www.amanco.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA LUIZ DELFINO, 870 - GLÓRIA

ZIP CODE/CITY:

89216-120 JOINVILLE/SC

CNPJ:

58.514.928/0020-37

 

 

ADDRESS:

RUA ALCEU AMOROSO LIMA, 786 SALAS 313 E 314 PARTE ED. TANCREDO NEVES CEN - CAMINHO DAS ÁRVORES

ZIP CODE/CITY:

41820-770 SALVADOR/BA

 

 

ADDRESS:

RUA VP 4E QUADRA 07 MÓDULOS 03 A 07, PARTE DISTRITO AGRO-INDUSTRIAL

ZIP CODE/CITY:

75133-600 ANÁPOLIS/GO

 

 

ADDRESS:

VIA PRIMÁRIA 5 QUADRA 16 MÓDULOS 8 A 13 DISTRITO AGRO-INDUSTRIAL

ZIP CODE/CITY:

74980-970 APARECIDA DE GOIÂNIA/GO

CNPJ:

58.514.928/0041-61

 

 

ADDRESS:

RUA CINCO QUADRA D7 LOTE 76/77,1140 SALAS 605/606 SETOR OESTE

ZIP CODE/CITY:

74115-030 GOIÂNIA/GO

CNPJ:

58.514.928/0026-22

 

 

ADDRESS:

AVENIDA RAJA GABAGLIA, 4055 - SANTA LÚCIA

ZIP CODE/CITY:

30360-670 BELO HORIZONTE/MG

CNPJ:

58.514.928/0036-02

 

 

ADDRESS:

AVENIDA CORONEL ZACARIAS BORGES DE ARAÚJO, 2101 INDUSTRIAL II

ZIP CODE/CITY:

38056-220 UBERABA/MG

CNPJ:

58.514.928/0029-75

 

 

ADDRESS:

ESTRADA TDR NORTE, 1251 COMPLEXO IND. PORTUÁRIO GOV. ERALDO GUEIROS - SUAPE

ZIP CODE/CITY:

54590-000 CABO DE SANTO AGOSTINHO/PE

CNPJ:

58.514.928/0013-08

 

 

ADDRESS:

ESTRADA TDR NORTE, 1251 SALA A COMP. IND. PORTUÁRIO GOV. ERALDO GUEIRO - SUAPE

ZIP CODE/CITY:

54590-000 CABO DE SANTO AGOSTINHO/PE

CNPJ:

58.514.928/0013-08

 

 

ADDRESS:

AVENIDA DAS AMÉRICAS, 1155 SALA 1908 COND. BARRA SPACE CENTER - BARRA DA TIJUCA

ZIP CODE/CITY:

22631-000 RIO DE JANEIRO/RJ

CNPJ:

58.514.928/0028-94

 

 

ADDRESS:

AVENIDA ENGENHEIRO LUIS CARLOS BERRINI, 1681 2º ANDAR BROOKLYN NOVO

ZIP CODE/CITY:

04571-011 SÃO PAULO/SP

CNPJ:

58.514.928/0039-47

 

 

ADDRESS:

AVENIDA DA AMIZADE, 1700 - VILA CARLOTA

ZIP CODE/CITY:

13170-000 SUMARÉ/SP

CNPJ:

58.514.928/0033-51

 

 

ADDRESS:

RUA JOÃO JOSÉ PEREIRA FILHO, S/Nº, QUADRA 02, LOTE 01, GALPÃO 19 DISTRITO IND. LUIZ, - TABULEIRO DOS MARTINS

ZIP CODE/CITY:

57081-000 MACEIÓ/AL

 

 

ADDRESS:

RUA FELIPE DOS SANTOS, 825 PARTE B - SANTO AGOSTINHO

ZIP CODE/CITY:

30180-160 BELO HORIZONTE/MG

 

 

ADDRESS:

RUA BELA V 213, BOTAFOGO

ZIP CODE/CITY:

33933-190 RIO DE JANEIRO/RJ

 

 

ADDRESS:

RUA PEDRO RACHID, 846 BLOCO A - SANTANA

ZIP CODE/CITY:

12211-180 SÃO JOSÉ DOS CAMPOS/SP

PHONE:

12 3946-4600

CNPJ:

585.149.280-04

 

 

ADDRESS:

RUA PEDRO RACHID, 801 - SANTANA

ZIP CODE/CITY:

12211-180 SÃO JOSÉ DOS CAMPOS/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PLASTICS PRODUCTS FOR THE CIVIL CONSTRUCTION.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

26/01/1988

REGISTER DATE:

26/01/1988

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

58.514.928/0001-74

STATE REGISTER:

253.651.000

 

 

SHARE CAPITAL:

R$ 539.982.168,00

 

BOARD OF DIRECTORS:

 

 

 

MAURICIO HARGER

MANAGER

ADRIANA OLIVEIRA GARCIA

MANAGER

HILTON GUEMARA SAPORSKI FILHO

MANAGER

SERGIO EDUARDO APARECIDO COSTA FREIRE

MANAGER

FERNANDO CESAR AGUIAR BRANTIS

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

MEXICHEM AMANCO HOLDING S.A. DE C.V.

R$ 514.317.565,00

MEXICHEM TRADING COMERCIO, IMPORTAÇÃO E EXPORTAÇÃO S/A

R$ 25.664.603,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

PLASTUBOS LTDA

 

MEXICHEM BIDIM LTDA

 

DOUTORES DA CONSTRUÇÃO LTDA

 

MEXICHEM PLASTUBOS INDUSTRIA DE TRANSFORMACAO PLASTICA LTDA

 

MANAD PARTICIPAÇÕES LTDA

 

AKROS COMERCIO EXTERIOR LTDA

 

AKROS COMERCIAL LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON JANUARY 02, 1988 FORTILIT SISTEMAS EM PLÁSTICOS S/A., TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON AUGUST 22, 1997 IT ALTERED TO FORTILIT TUBOS E CONEXÕES S/A. ON MARCH 31, 2000 IT ALTERED TO AMANCO BRASIL S/A. LATER IT CHANGED TO AMANCO BRASIL LTDA.

 

ON NOVEMBER 01, 2010 THE COMPANY ADOPTED THE ABOVE-MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

IN 1991 THE SUBJECT TOOK OVER THE COMPANY FORTILIT TUBOS E CONEXÕES S/A AND IN OCTOBER 1999 THE SUBJECT TOOK OVER THE COMPANY AKROS S/A FORTILIT TUBOS E CONEXÕES.

 

ON OCTOBER 04, 2011 THE COMPANY TOOK OVER MEXICHEM BIDIM LTDA.

 

CERTIFICATIONS:

***************

 

NBR ISO 9001;

NBR ISO 14001;

OHSAS 18001.

 

 

PARTNERS:

 

MEXICHEM AMANCO HOLDING S.A. DE C.V. : HEADQUARTERED AT  CALLE DO RIO SAN JAVIER 10 - FRACCIONAMIENTO VIVEROS DEL RIO CODIGO POSTAL 54060, TLALNEPANTLA, MEXICO, REGISTRATION # CNPJ 05.483.536/0001-29.

 

MEXICHEM RESINAS COLOMBIA S.A.S: NOT AVAILABLE.

 

MEXICHEM SOLUÇÕES AGRÍCOLAS BRASIL LTDA: HEADQUARTERED AT RUA BARRA VELHA 100, JOINVILLE/SC, REGISTRATION # NIRE 42.2.0360235-2 AND CNPJ 58.514.928/0001-74.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. LUCIMAR, ACCOUNTING DEPARTMENT, 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.

 

PUBLIC RECORDS INFORMATION:

 

PROTESTS:

 

19  PROTESTS,TOTAL AMOUNT R$ 30.331,71

    DATE OF FIRST PROTEST: AUGUST/2013  R$ 269,47

    DATE OF HIGHEST PROTEST: JULY/2014  R$ 14.476,80

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTORIO DE GO-ANÁPOLIS

22/07/2014

R$ 213,49

1º CARTORIO DE SP-SUMARÉ

25/07/2014

R$ 421,63

1º CARTORIO DE SP-SUMARÉ

28/07/2014

R$ 646,75

2º CARTORIO DE SC-JOINVILLE

30/07/2014

R$ 14.476,80

5º CARTORIO DE SP-SÃO PAULO

03/07/2014

R$ 299,90

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

STATE LAWSUIT

25/01/12

1ª VARA DE SP-SÃO JOSE DOS CAMPOS

 

 

FINANCIAL INFORMATION

 

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$ 2,25

 - OFFICIAL RATE ON 04/08/2014

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

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$ 39.653.195,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 693.000,00

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 59.436.000,00

 

 

INSURANCE

 

THE SUBJECT IS SAID TO HOLD INSURANCE POLICIES BUT DETAILS WERE NOT DISCLOSED.

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

47 3431-2235

JOINVILLE/SC

BANCO BRADESCO S/A

47 3026-9956

JOINVILLE/SC

BANCO ALFA S/A

19 3251-9999

CAMPINAS/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 PLASTIC PRODUCTS FOR THE CIVIL CONSTRUCTION, COMPRISING BLOWING, INJECTION AND EXTRUSION.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

GERMANY, UNITED STATES AND ASIA.

 

   EXPORTS TO:

ARGENTINA AND LATIN AMERICA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

PHONE:

ALMEIDA COM. DIST. MAT. CONSTRUÇÃO LTDA

 

83 3361-2742

BONI - TUBOS CONEXÕES SANEAMENTO

 

21 2481-6697

CONDOR ATACADISTA LTDA

 

61 2107-8800

DAMASCO MAT. ELETR. HIDR. FERG. LTDA.

 

 

DIFERPAN COMERCIO IMP. EXP.

 

51 3441-9400

FERRAGENS KING OURO LTDA

 

 

FERRAGENS PISA LTDA.

 

 

L. L. E RERRAGENS LTDA

 

 

MARTINS COM. SERV. DISTR. S/A

 

 

TECIDOS ARM. MIGUEL BARTOLOMEU

 

 

TUMA COMERCIO LTDA

 

31 3297-0505

TUPÃ CONSTR. IND. COM. LTDA.

 

 

 

STAFF:

 

   NOT AVAILABLE

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS BELONGS TO A COSTA RICAN GROUP, WITH OVER 50 YEARS IN THE CONSTRUCTION MARKET. IT IS LEADER IN LATIN AMERICA IN THE MANUFACTURE OF PVC PRODUCTS FOR HYDRAULIC AND SANITARY SYSTEMS, IN ADDITION, THE GROUP COMPRISES 30 COMPANIES, ENJOYING A FAVORABLE REPUTATION AMONG LOCAL TRADE AND 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 LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUIT DOES 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 DO NOT AFFECT ITS TRADE REPUTATION.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

BRASKEM S/A

 

 

CHEMSON LTDA

 

47 3433-1665

HITACHI AR CONDICIONADO DO BRASIL LTDA

 

 

INDUSTRIA DE BORRACHAS NOS LTDA

 

 

INPLAVEL INDUSTRIA DE PLÁSTICOS LTDA

 

 

IPIRANGA PETROQUIMICA S/A

 

51 3216-4515

ORSA FAB. DE PAPELÃO OND. S/A

 

11 4745-4200

SOLVAY INDUPA DO BRASIL S/A

 

11 3708-5186

SPP AGAPRINT INDL COML LTDA

 

 

TRIKEM S/A

 

11 863.9555

TUPY FUNDIÇÕES LTDA

 

 

 

PAYMENT HISTORY:

 

41 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 7.853.419,00

 

AMOUNT OF INVOICES PAID: 651

TOTAL OF PROMPT PAYMENTS: 96,8%

TOTAL OF DELAYED PAYMENTS: 3,2%

 

HIGHEST INVOICE: R$ 548.147,00

HIGHEST CREDIT: R$ 548.147,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

---------------------------

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

24

R$ 27.844,41

DUE WITHIN 60 DAYS

2

10

R$ 46.535,46

ALL

4

34

R$ 74.379,87

 

 

FINAL OPINION

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.33

UK Pound

1

Rs.103.43

Euro

1

Rs.81.96

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PDT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.