MIRA INFORM REPORT

 

 

Report Date :

10.12.2014

 

IDENTIFICATION DETAILS

 

Name :

BASF SA

 

 

Registered Office :

Avenida Das Nações Unidas,14171 10º Ao 12º E 14º Ao 17º Andares, Torre C - Vila Gerturdes, Zip Code 04794-000 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

22.08.1955

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Engaged in Manufacturing, Trading, Importing and Exporting a wide range of Chemicals, Paints, Plastics, Solvents, and Other Chemicals for Industrial Activities

 

 

No of Employees :

4500

 

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 :

Good

Payment Behaviour :

No Complaints

Litigation :

Exists

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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

 

BASF S/A

 

 

company ADDRESSES

 

MAIN ADDRESS:

AVENIDA DAS NAÇÕES UNIDAS,14171 10º AO 12º E 14º AO 17º ANDARES, TORRE C - VILA GERTURDES

ZIP CODE/CITY:

04794-000 - SÃO PAULO/SP

 

 

PHONE:

11 2039-2273

FAX:

11 2039-2273

E-MAIL:

maximiliano.demarchi@basf.com

WEB SITE:

www.basf.com.br

 

FArisa Lima Head Office

ADDRESS:

RBU Dispersions South America

Av. Brigadeiro Faria Lima, 3600 Itaim Bibi Sao Paulo SP

CEP 04538-132

Telephone No.:

(55) 11 3043 2658

Fax No.:

(55) 11 3043 2344

 

 

BRANCHES:

 

ADDRESS:

AVENIDA BRASIL,791 - ENGENHEIRO NEIVA

ZIP CODE/CITY:

12521-900 GUARATINGUETÁ/SP

PHONE:

12 3128-1493

CNPJ:

48.539.407/0002-07

STATE REGISTER:

332.000.198.112

 

 

ADDRESS:

RUA ARGENTINA,180 - VILA ENDRES

ZIP CODE/CITY:

07043-020 GUARULHOS/SP

 

 

ADDRESS:

ESTRADA SAMUEL AIZEMBERG,1707

ZIP CODE/CITY:

09851-550 SÃO BERNARDO DO CAMPO/SP

 

 

ADDRESS:

RUA SÃO JORGE,230

ZIP CODE/CITY:

09530-902 SÃO CAETANO DO SUL/SP

 

 

ADDRESS:

RUA BENZENO,765 - COPEC

ZIP CODE/CITY:

42810-000 CAMAÇARÍ/BA

PHONE:

71 3632-2697

 

 

ADDRESS:

AVENIDA ANGELO DEMARCHI,123

ZIP CODE/CITY:

09844-900 SÃO BERNARDO DO CAMPO/SP

PHONE:

11 2349-1122

 

 

ADDRESS:

FAZENDA SÃO FRANCISCO - S/Nº.,0 - SALA APOIO E PARTE - RURAL

ZIP CODE/CITY:

13140-000 PAULÍNIA/SP

 

 

ADDRESS:

ESTRADA SADAE TAKAGI,2600 - ARMAZEM III - PARTE C - COOPERATIVA

ZIP CODE/CITY:

09852-070 SÃO BERNARDO DO CAMPO/SP

 

 

ADDRESS:

ESTRADA DO COLÉGIO,170 - COLÉGIO

ZIP CODE/CITY:

21235-280 RIO DE JANEIRO/RJ

 

 

ADDRESS:

AVENIDA CARLOS PEDROSO DA SILVEIRA,10000 - ALA XI - TÉRREO E ALA IV - TÉRREO - PIRACANGAGUÁ

ZIP CODE/CITY:

12043-000 TAUBATÉ/SP

 

 

ADDRESS:

AVENIDA VICENTE RAO,1195 - JARDIM PETRÓPOLIS

ZIP CODE/CITY:

04636-001 SÃO PAULO/SP

 

THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: SAPUCAIA DO SUL/RS, SANTA CRUZ/RJ, JABOATÃO/PE, JACAREÍ/SP, RIO DE JANERIRO/RJ, BLUMENAU/SC, SALVADOR/BA, SANTO ANTONIO DA POSSE/SP, BELO HORIZONTE/MG, SÃO PAULO/SP, SÃO JOSÉ DOS CAMPOS/SP, SÃO BERNARDO DO CAMPO/SP, MAUA/SP AND CURITIBA/PR.

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICAL PRODUCTS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

22/08/1955

REGISTER DATE:

31/12/1958

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

48.539.407/0001-18

STATE REGISTER:

149.715.556.115

 

 

SHARE CAPITAL:

R$ 1.214.097.149,00

LAST REGISTER OF CAPITAL:

30/06/2006

 

BOARD OF DIRECTORS:

 

 

 

RALPH EMANUEL SCHWEENS

PRESIDENT DIRECTOR

ANTONIO CARLOS MANSSOUR LACERDA

VICE-PRESIDENT DIRECTOR

EDUARDO DE LIMA LEDUC

VICE-PRESIDENT DIRECTOR

MICHEL GASTÓN MERTENS

VICE-PRESIDENT DIRECTOR

RUI ARTUR GOERCK

VICE-PRESIDENT DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

BASF BETEILIGUNGSGESELLSCHAFT GMBH

99,99%

ALFRED HACKENBERGER

0,01%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

BASF POLIURETANOS LTDA

99,99%

CIBA ESPECIALIDADES QUÍMICAS LTDA.

99,99%

WINTERSHALL BM-C-10 LTDA

99,99%

BASF POLIESTIRENO S/A.

 

BASF SISTEMAS GRÁFICOS LTDA

 

BASF ESPUMAS PLÁSTICAS DA AMAZÔNIA LTDA

 

BASF PARAGUAYA S.A.

 

BASF STYRENICS BRASIL LTDA

 

COFADE SOCIEDADE FABRICADORA DE ELASTÔMEROS LTDA

 

WINTERSHALL BM-S-14 LTDA

 

GLASURIT DO BRASIL LTDA.

 

CAMPO LIMPO RECICLAGEM E TRANSFORMAÇÃO DE PLÁSTICOS S/A

 

BANSAT S/A

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT IS A WHOLE-OWNED SUBSIDIARY OF BASF GROUP FROM GERMANY A GROUP WELL-KNOWN WORLDWIDE BY ITS HIGH FINANCIAL STRENGTH AND HIGH SCALE OF OPERATIONS.

 

THE SUBJECT'S PARENT COMPANY IS BASF AKTIENGESELLSCHAFT, LOCATED IN LUDWIGSHAFEN, IN GERMANY AND IT HAS ACTIVITIES IN 39 COUNTRIES AND CLIENTS IN 170 COUNTRIES WORLDWIDE.

 

THE BASF GROUP COMPRISES 114 COMPANIES AND ABOUT 106.000 EMPLOYEES.

 

THE ACTIVITIES OF BASF GROUP IN BRAZIL ARE OLD-ESTABLISHED AND STARTED IN 1911 WHEN IT OPENED AN OPERATIONAL AGENCY IN RIO DE JANEIRO.

 

CURRENTLY IT HAS 15 PRODUCTION PLANTS LOCATED IN SAPUCAIA DO SUL (RS), SÃO BERNARDO DO CAMPO (SP), SÃO CAETANO DO SUL (SP), CAIEIRAS (SP), MAUÁ (SP), JACAREÍ, (SP), S. JOSÉ DOS CAMPOS (SP), GUARATINGUETÁ (SP), SANTA CRUZ (RJ), CAMAÇARI (BA), JABOATÃO (PE) AND RECIFE (PE).

 

ITS PRODUCTION ACTIVITIES IN BRAZIL STARTED IN 1959 WITH THE PRODUCTION OF CHEMICALS AND STYROPOR(R) IN THE PLANT LOCATED IN GUARATINGUETÁ, WHICH IS CURRENTLY THE BIGGEST CHEMICAL COMPLEX OF LATIN AMERICA. IT IS ENGAGED IN THE PRODUCTION OF PLASTICS, AGRICULTURAL DEFENSIVES, PIGMENTS, VITAMINS, AND CHEMICALS FOR THE PHARMACEUTICAL AND MEDICINES INDUSTRIES.

 

IN JUNE 2007 THE COMPANY TOOK OVER BASF CONSTRUCTION CHEMICALS BRASIL INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS LTDA, CNPJ 28.759.900-36.

 

ON NOVEMBER 28, 2011 THE COMPANY TOOK OVER EMH-ELETRO MECANICA E HIDRAULICA LTDA.

 

ON JANUARY 13, 2012 THE COMPANY TOOK OVER COGNIS BRASIL LTDA, CNPJ: 49.865.959/0001-89, WHICH CEASED EXISTING.

 

PREMISES AT AVENIDA DAS NAÇÕES UNIDAS, 10989 - 4º ANDAR - CONJUNTO 41 - VILA OLÍMPIA, SÃO PAULO/SP HAS BEEN SHUT DOWN.

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

PROTESTS:

 

223  PROTESTS,TOTAL AMOUNT R$ 1.922.382,70

    DATE OF FIRST PROTEST: 12/2009  R$ 564,38

    DATE OF HIGHEST PROTEST: 08/2014  R$ 350.826,90

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

1º CARTOIRO DE PORTO ALEGRE/RS

01/12/2014

R$ 1.000,00

CARTORIO DE CAMACARI/BA

06/11/2014

R$ 55.929,10

1º CARTORIO DE INDAIATUBA/SP

17/11/2014

R$ 1.264,00

CARTORIO DE CAMACARI/BA

25/11/2014

R$ 129.483,09

1º CARTORIO DE SAO BERNADO DO CAMPO/SP

25/11/2014

R$ 6.108,75

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

12

STATE LAWSUITS

22/04/14

VARA DE GUARATINGUETA/SP

1

EXECUTIVE LAWSUIT

27/06/14

5ª VARA DE TANGARA DA SERRA/MT

7

FEDERAL LAWSUITS

23/04/14

2ª VARA DE SÃO BERNARDO DO CAMPO/SP

14

MUNICIPAL LAWSUITS

11/09/14

2ª VARA DE BELO HORIZONTE/MG

 

 

FINANCIAL INFORMATION

 

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

62.380

57.693

22.359

CLIENTS

2.254.892

2.013.525

1.601.436

DERIVATIVES OPERATIONS

43.622

 

9.730

INVENTORY

1.399.499

958.830

792.990

RECOVERABLE TAXES

262.939

105.472

141.907

PRE PAID EXPENSES

10.702

16.012

4.724

INTERCOMPANY CREDITS

398.748

275.997

299.701

OTHER

97.950

98.134

27.088

 

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

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

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

TOTAL CURRENT ASSETS

4.530.732

3.525.663

2.899.935

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

CLIENTS

19.230

12.003

21.971

DEFERRED TAXES

430.969

438.356

383.096

RECOVERABLE TAXES

84.173

33.769

27.836

OTHER CREDITS

99.933

86.508

124.640

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

634.305

570.636

557.543

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

113.840

177.400

147.237

FIXED ASSETS

1.840.597

944.439

639.265

INTANGIBLE

46.454

45.937

48.845

 

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

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

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

TOTAL FIXED ASSETS

2.000.891

1.167.776

835.347

 

================

================

================

TOTAL ASSETS

7.165.928

5.264.075

4.292.825

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

LOANS AND FINANCING

968.512

455.969

334.926

SUPPLIERS

281.082

298.871

256.556

DERIVATIVES OPERATIONS

 

2.214

 

TAXES & CONTRIBUTIONS

60.626

87.610

58.336

INTERCOMPANY DEBTS

2.940.149

1.880.366

1.078.656

PROVISIONS

542.735

326.075

427.027

INTERESTS ON OWN CAPITAL

78.490

6.845

74.816

LEASING

 

 

9.644

OTHER

25.813

15.583

50.938

 

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

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

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

TOTAL CURRENT LIABILITIES

4.897.407

3.073.533

2.290.899

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

PROVISION FOR CONTINGENCIES

82.801

179.732

169.451

PROVISIONS

91.389

119.826

98.263

LOANS AND FINANCING

12.169

14.152

 

OTHER

36.235

1.689

6.156

 

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

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

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

TOTAL LONG TERM LIABILITIES

222.594

315.399

273.870

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

1.214.097

1.214.097

1.214.097

CAPITAL RESERVES

99

99

99

PROFIT RESERVES

833.403

672.232

519.149

OTHER COMPREHENSIVE INCOME

-1.672

-11.285

-5.289

 

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

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

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

TOTAL NET EQUITY

2.045.927

1.875.143

1.728.056

 

================

================

================

TOTAL LIABILITIES

7.165.928

5.264.075

4.292.825

 

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

 

 

 

 

GROSS SALES

9.191.414

7.804.414

 

(-) TAXES ON SALES

1.553.068

1.261.411

 

 

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

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

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

NET SALES

7.638.346

6.543.003

5.600.919

(-) COST OF SOLD GOODS

5.086.245

4.321.097

3.750.197

 

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

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

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

GROSS PROFIT

2.552.101

2.221.906

1.850.722

OPERATING REVENUE (EXPENSE)

-1.804.086

-1.632.724

-1.279.913

FINANCIAL REVENUE(EXPENSE)

-374.769

-192.832

-128.550

 

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

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

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

OPERATIONAL PROFIT (LOSS)

373.246

396.350

442.259

CONTRIBUTION/INCOME TAX

-115.119

-144.913

-88.286

 

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

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

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

NET PROFIT (LOSS)

258.127

251.437

353.973

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

,64

 

,84

 

,92

 

CURRENT RATIO

,93

 

1,15

 

1,27

 

ACCOUNTS RECEIVABLE TURNOVER

3,39

TIMES

3,25

TIMES

3,50

TIMES

DAYS' SALES IN RECEIVABLES

106,27

DAYS

110,79

DAYS

102,93

DAYS

INVENTORY TURNOVER

3,63

TIMES

4,51

TIMES

4,73

TIMES

ACCOUNTS PAYABLE PERIOD

19,89

DAYS

24,90

DAYS

24,63

DAYS

RETURN ON ASSETS

1,07

TIMES

1,24

TIMES

1,30

TIMES

SALES TURNOVER ON NET EQUITY

3,73

TIMES

3,49

TIMES

3,24

TIMES

NET WORTH TIE-UP

,90

 

,50

 

,37

 

INDEBTEDNESS

2,50

 

1,81

 

1,48

 

EQUITY RATIO

28,55

%

35,62

%

40,25

%

WORKING CAPITAL RATIO

-7,49

%

14,71

%

26,59

%

GENERAL SOLVENCY

1,40

 

1,55

 

1,67

 

RETURN ON NET EQUITY

12,62

%

13,41

%

20,48

%

RETURN ON SALES (PROFIT MARGIN)

3,38

%

3,84

%

6,32

%

GROSS PROFIT MARGIN

33,41

%

33,96

%

33,04

%

OPERATIONAL RESULT

4,89

%

6,06

%

7,90

%

SALES TURNOVER ON LIABILITIES

1,56

TIMES

2,13

TIMES

2,44

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,59

 - OFFICIAL RATE ON 08/12/2014

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.

 

FROM THE FIGURES AVAILABLE IT IS NOTED THAT SUBJECT HAS A SATISFACTORY FINANCIAL STANDING. THE INDEBTEDNESS LEVEL IS HIGH AND IT SHOWS LOW CURRENT RATIO. IT ALSO SHOWS GROWING SALES AND POSTED PROFIT.

 

REAL ESTATE:

OWNED PREMISES ARE VALUED AT R$ 195.205.000,00

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 12.506.000,00

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 362.412.000,00

 

 

INSURANCE

 

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

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

HSBC BANK BRASIL S/A BANCO MÚLTIPLO

11 3067-3731

SÃO PAULO/SP

BANCO BRADESCO S/A

11 3751-2677

SÃO BERNARDO DO CAMPO/SP

BANCO ITAÚ S/A

11 3867-1117

SÃO PAULO/SP

BANCO DO BRASIL S/A

11 3452-2044

SÃO BERNARDO DO CAMPO/SP

BANCO SANTANDER (BRASIL) S/A

11 3174-7132

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, TRADE, IMPORT AND EXPORT OF A WIDE RANGE OF CHEMICALS, PAINTS, PLASTICS, SOLVENTS, AND OTHER CHEMICALS FOR INDUSTRIAL ACTIVITIES IN GENERAL.

 

THE SUBJECT IS A LEADING COMPANY WORLDWIDE IN ITS LINE OF BUSINESS.

 

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

NOT AVAILABLE.

 

   EXPORTS TO:

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

CIA SUZANO DE PAPEL

SUZANO/SP

11 3283-1828

CONSMAT FORN. MATS. CONSTR. LTDA

SÃO PAULO/SP

11 6959-8133

COOPERATIVA AGROP. MOURAOENSE LTDA

CAMPO MOURÃO/PR

43 3821-0123

CYANAMID QUÍMICA DO BRASIL LTDA

SÃO PAULO/SP

11 3260-5722

FICAP S/A

AMERICANA/SP

19 3362-7100

FORD BRASIL LTDA

SÃO BERNARDO DO CAMPO/SP

11 3418-6422

GENERAL MOTORS DO BRASIL LTDA

SÃO CAETANO DO SUL/SP

11 3442-7700

GESSY LEVER ALIMENTOS S/A

SÃO PAULO/SP

11 3545-1122

MADEIRENSE MATS. CONSTRUÇÃO LTDA

SÃO PAULO/SP

11 3204-4722

MERCEDEZ BENZ DO BRASIL LTDA

SÃO BERNARDO DO CAMPO/SP

11 3758-6611

MOTORAUTO LTDA

CURITIBA/PR

41 3346-5615

MULTIBRÁS S/A. ELETRODOMÉSTICOS

SÃO BERNARDO DO CAMPO/SP

11 3452-0522

REAL COMÉRCIO LTDA

BELO HORIZONTE/MG

31 3272-2000

UNITINTAS COMÉRCIO DE TINTAS LTDA

GOIÂNIA/GO

62 3233-7000

VOLKSWAGEN DO BRASIL LTDA

SÃO BERNARDO DO CAMPO/SP

11 3753-2355

 

 

STAFF:

 

THE COMPANY HAS: 4500 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED SUBSIDIARY OF BASF GROUP FROM GERMANY. IT IS MANAGED BY WELL-EXPERIENCED BUSINESSMEN AND UP TO DATE IT ENJOYS A FAVORABLE REPUTATION AMONG LOCAL CUSTOMERS AND CLIENTS.

 

TRADE RELATIONS ARE MAINTAINED WITH SEVERAL SUPPLIERS IN BRAZIL AND ABROAD. 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 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:

CITY:

PHONE:

BAYER DO BRASIL S/A

SÃO PAULO/SP

11 5694-5130

CIA. ALCOOLQUÍMICA NACIONAL

CABO/PE

81 3521-1022

CIA. METALÚRGICA PRADA

SÃO PAULO/SP

11 3524-4222

DOW QUÍMICA S/A

SÃO PAULO/SP

11 5188-9369

DU PONT DO BRASIL S/A

BARUERI/SP

11 7266-8106

EDN ESTIRENO DO NORDESTE S/A

SÃO PAULO/SP

11 5188-9848

PETROQUIMICA BRASILEIRA S/A

RIO DE JANEIRO/RJ

21 3534-3245

PETROQUIMICA UNIÃO S/A

SANTO ANDRÉ/SP

11 3714-1503

REAL METALCO S/A. IND. COMÉRCIO

RIO DE JANEIRO/RJ

21 3523-6500

RHODIA S/A. - DIVISÃO QUÍMICA FINA

SÃO PAULO/SP

11 3741-7640

RHOM AND HASS QUÍMICA LTDA

SÃO PAULO/SP

11 5185-9017

TIBRÁS - TITÂNIO DO BRASIL S/A

CAMAÇARI/BA

71 3525-5138

 

PAYMENT HISTORY:

 

47 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 7.636.717,00

 

AMOUNT OF INVOICES PAID: 562

TOTAL OF PROMPT PAYMENTS: 83%

TOTAL OF DELAYED PAYMENTS: 17%

 

HIGHEST INVOICE: R$ 574.397,00

HIGHEST CREDIT: R$ 574.397,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 60 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

5

18

R$ 836.230,33

DUE WITHIN 60 DAYS

1

1

R$ 1.650,00

 

 

FINAL OPINION

 

THE SUBJECT IS A TRADITIONAL AND WELL-ESTABLISHED COMPANY IN OPERATIONS SINCE 1955 IN BRAZIL. 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.

 

 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.88

UK Pound

1

Rs.96.90

Euro

1

Rs.76.29

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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

 

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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%)

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.