MIRA INFORM REPORT

 

 

Report Date :

13.12.2014

 

IDENTIFICATION DETAILS

 

Name :

POLIMOLD INDUSTRIAL S/A

 

 

Registered Office :

Estrada Dos Casa (Corner to RUA Perkins 266),4585 (Antigo Nº. 3883) - Bairro Alvarenga, 09840-000 - São Bernardo DO Campo/SP

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.07.1974

 

 

Legal Form :

Privately Held Corporation

 

 

Line of Business :

Manufacture, Sale, Export and Import of Compound for Standardized Molds, Utensils and Tools for Plastic Injection Machines and Tooling, Electronic Measurer, Rendering of Technical Services and Repair of Equipments.

 

 

No of Employees :

380 Employee(S)

 

 

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 – 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 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:

 

POLIMOLD INDUSTRIAL S/A

 

ADDRESSES:

 

MAIN ADDRESS:

ESTRADA DOS CASA (CORNER TO RUA PERKINS 266),4585 (ANTIGO Nº. 3883) - BAIRRO ALVARENGA

ZIP CODE/CITY:

09840-000 - SÃO BERNARDO DO CAMPO/SP

 

 

PHONE:

11 4358-7300

FAX:

11 4358-7303

E-MAIL:

ana@polimold.com.br

WEB SITE:

www.polimold.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AV. REINALDO PORCARI, 10 - SALA 6,0

ZIP CODE/CITY:

13212-320 JUNDIAÍ - SP

 

 

ADDRESS:

RUA DA TRONCA, 3345 - SL.206,0

ZIP CODE/CITY:

95010-100 CAXIAS DO SUL - RS

 

 

ADDRESS:

AV. DOS MANACIAIS, 426,0

ZIP CODE/CITY:

82100-410 RIO DE JANEIRO - RJ

 

THE COMPANY HAS BRANCHES LOCATED IN: RECIFE - PE, CURITIBA - PR, BELO HORIZONTE - MG

 

 

LEGAL DATA:

 

MAIN ACTIVITIES:

 

MANUFACTURE, SALE, EXPORT AND IMPORT OF COMPOUND FOR STANDARDIZED MOLDS, UTENSILS AND TOOLS FOR PLASTIC INJECTION MACHINES AND TOOLING, ELECTRONIC MEASURER, RENDERING OF TECHNICAL SERVICES AND REPAIR OF EQUIPMENTS.

 

LEGAL FORM:

PRIVATELY HELD CORPORATION

 

 

INCORPORATION DATE:

01/07/1974

REGISTER DATE:

01/07/1974

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

44.106.466/0001-41

STATE REGISTER:

635.181.336.117

 

 

SHARE CAPITAL:

R$ 33.960.000,00

LAST REGISTER OF CAPITAL:

30/03/2011

 

BOARD OF DIRECTORS:

 

 

 

ALEXANDRE ROBERTO RIBENBOIM FIX

EXECUTIVE DIRECTOR

RUY KORBIVCHE

EXECUTIVE DIRECTOR

SILVIA DE AZEVEDO BARRETTO FIX

DIRECTOR

CELIA RUTH FIX KORBIVCHEER

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE:

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

ALEXANDRE ROBERTO RIBENBOIM FIX

38,39%

RUY KORBIVCHE

38,39%

FANNY RIBENBOIN FIX

16,05%

OTHERS

7,17%

 

AFFILIATES / SUBSIDIARIES:

 

A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS:

 

 

VETOR COMERCIAL LTDA

 

VENKOFIX COMERCIO E SERVICOS LTDA

 

AGAFIX PARTICIPACOES LTDA

 

R.K. PARTICIPACOES LTDA

 

FIX DESIGN INDUSTRIA E COMERCIO LTDA - ME

 

POLIMOLD DE MEXICO S/A DE CV

 

POLIMOLD EUROPA COM. EST. MOLDES LTDA

 

 

 

COMPANY'S BACKGROUND:

 

THE SUBJECT WAS ESTABLISHED ON JULY 01, 1974 AS POLIMOLD INDUSTRIA DE MOLDES 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.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

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 CASH EQUIVALENTS

15.985

11.783

13.780

CLIENTS

19.141

19.700

19.270

INVENTORY

15.155

12.185

10.585

RECOVERABLE TAXES

583

718

434

OTHER CREDITS

196

673

612

IMPORTS IN PROGRESS

77

 

 

CURRENT ACCOUNTS

149

 

 

PRE PAID EXPENSES

4

 

 

 

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

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

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

TOTAL CURRENT ASSETS

51.290

45.059

44.681

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

RECOVERABLE TAXES

178

110

160

OTHER CREDITS

11

53

12

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

189

163

172

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

95

95

95

FIXED ASSETS

9.967

9.939

10.365

INTANGIBLE

581

655

601

 

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

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

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

TOTAL FIXED ASSETS

10.643

10.689

11.061

 

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

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

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

TOTAL ASSETS

62.122

55.911

55.914

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2013

31/12/2012

31/12/2011

 

 

 

 

LOANS AND FINANCING

3.104

3.403

1.115

SUPPLIERS

4.731

5.365

4.354

LABOR OBLIGATIONS

3.933

3.811

4.064

TRIBUTARY OBLIGATIONS

1.004

534

849

ACCOUNTS PAYABLE

735

2.625

2.741

ADVANCE FROM CLIENTS

402

372

146

INTERESTS ON OWN CAPITAL

1.586

 

 

 

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

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

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

TOTAL CURRENT LIABILITIES

15.495

16.110

13.269

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

LOANS AND FINANCING

4.804

909

4.138

PROV./LOSSES IN INVESTMENTS

22

1.221

965

TRIBUTARY OBLIGATIONS

188

338

342

ACCOUNTS PAYABLE

63

 

 

 

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

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

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

TOTAL LONG TERM LIABILITIES

5.077

2.468

5.445

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

33.960

33.960

33.960

PROFIT RESERVES

6.518

3.345

3.212

CAPITAL RESERVES

28

28

28

LEGAL RESERVES

1.044

 

 

 

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

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

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

TOTAL NET EQUITY

41.550

37.333

37.200

 

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

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

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

TOTAL LIABILITIES

62.122

55.911

55.914

 

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

100.184

 

 

(-) TAXES ON SALES

21.830

 

 

 

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

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

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

NET SALES

78.354

73.067

76.493

(-) COST OF SOLD GOODS

58.999

55.307

58.751

 

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

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

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

GROSS PROFIT

19.355

17.760

17.742

OPERATING REVENUE (EXPENSE)

-11.954

-12.972

-12.340

FINANCIAL REVENUE(EXPENSE)

748

712

-595

 

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

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

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

OPERATIONAL PROFIT (LOSS)

8.149

5.500

4.807

CONTRIBUTION/INCOME TAX

-2.066

-1.199

-52

 

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

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

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

NET PROFIT (LOSS)

6.083

4.301

4.755

 

RATIOS:

31/12/2013

31/12/2012

31/12/2011

 

QUICK RATIO

2,33

 

2,04

 

2,57

 

CURRENT RATIO

3,31

 

2,80

 

3,37

 

ACCOUNTS RECEIVABLE TURNOVER

4,09

TIMES

3,71

TIMES

3,97

TIMES

DAYS' SALES IN RECEIVABLES

87,94

DAYS

97,06

DAYS

90,69

DAYS

INVENTORY TURNOVER

3,89

TIMES

4,54

TIMES

5,55

TIMES

ACCOUNTS PAYABLE PERIOD

28,87

DAYS

34,92

DAYS

26,68

DAYS

RETURN ON ASSETS

1,26

TIMES

1,31

TIMES

1,37

TIMES

SALES TURNOVER ON NET EQUITY

1,89

TIMES

1,96

TIMES

2,06

TIMES

NET WORTH TIE-UP

,24

 

,27

 

,28

 

INDEBTEDNESS

,50

 

,50

 

,50

 

EQUITY RATIO

66,88

%

66,77

%

66,53

%

WORKING CAPITAL RATIO

231,01

%

179,70

%

236,73

%

GENERAL SOLVENCY

3,02

 

3,01

 

2,99

 

RETURN ON NET EQUITY

14,64

%

11,52

%

12,78

%

RETURN ON SALES (PROFIT MARGIN)

7,76

%

5,89

%

6,22

%

GROSS PROFIT MARGIN

24,70

%

24,31

%

23,19

%

OPERATIONAL RESULT

10,40

%

7,53

%

6,28

%

SALES TURNOVER ON LIABILITIES

5,06

TIMES

4,54

TIMES

5,76

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,62

 

US$ 1,00 = R$ 2,34

 

US$ 1,00 = R$ 2,04

 

US$ 1,00 = R$ 1,87

 

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY.

 

REAL ESTATE:

 

NOT AVAILABLE

 

VEHICLES:

 

NOT AVAILABLE

 

MACHINES:

 

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 38.868.000,00

 

 

INSURANCE:

 

NOT AVAILABLE.

 

BANKING REFERENCES:

 

 

BRANCH/PHONE:

 

BANCO ITAU S/A

11 4128-7588

 

BANCO DO BRASIL S/A

11 6833-6322

 

BANCO SAFRA S/A

 11 4433-3300

 

 

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 NOT RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK").

 

 

ACTIVITIES COMMENTS:

 

 

SUBJECT IS ENGAGED IN THE MANUFACTURE, SALE, EXPORT AND IMPORT OF COMPOUND FOR STANDARDIZED MOLDS, UTENSILS AND TOOLS FOR PLASTIC INJECTION MACHINES AND TOOLING, ELECTRONIC MEASURER, RENDERING OF TECHNICAL SERVICES AND REPAIR OF EQUIPMENTS.

 

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

UNITED STATES, GERMANY AND JAPAN.

 

 EXPORTS TO:

SPAIN, UNITED STATES AND MEXICO.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

 

ARNO S/A

SÃO PAULO/SP

 

AUTOMETAL IND. COM. LTDA

SÃO PAULO/SP

 

BARGOA CONECTORES IND. E COM. S/A

RIO DE JANEIRO/RJ

 

CRW IND. COMERCIO DE PLASTICOS

GUARULHOS/SP

 

EPIMOLDE LTDA

BARUERI/SP

 

FABRIMOLD INDUSTRIA E COMERCIO LTDA

SÃO BERNARDO DO CAMPO/SP

 

INDUSTRIAS ARTEB S/A

SÃO PAULO/SP

 

MOLGA IND. COM, DE MOLDES LTDA

SÃO PAULO/SP

 

PETRI S/A

JUNDIAI/SP

 

SASAZAKI IND. E COM. LTDA

MARILIA/SP

 

SUL BRAS MOLDES E PLASTICOS LTDA

CAXIAS DO SUL/RS

 

TAKATA - PETRI S/A

JUNDIAÍ/SP

 

VOLKSWAGEM DO BRASIL LTDA

SÃO BERNARDO DO CAMPO/SP

 

 

FOREIGN CLIENTS:

COUNTRY:

 

BRU Y RUBIO

SPAIN

 

DME COMPANY

UNITED STATES

 

POLIMOLD DE MÉXICO S/A DE CV

MEXICO

 

 

STAFF:

 

THE COMPANY HAS: 380 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT:

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1974. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

CASTROL BRASIL LTDA

 

11 5505-5888

CEMACO - CENTRO MANUFATUREIRO DO AÇO LTDA

 

11 6431-4600

EMBALATEC INDUSTRIAL LTDA

 

11 5514-0003

FABRIFER COM. E IND. DE FERRO E AÇO LTDA

 

11 2273-4833

FENAC ABRASIVOS LTDA

 

11 3872-1433

GUHRING BRASIL FERRAMENTAS LTDA

 

11 4051-3066

INABRA ABRASIVOS E FERRAMENTAS LTDA

 

11 6090-3166

METALURGICA GANS IND. E COM. LTDA

 

41 2106-1515

SECO TOOLS IND. COM. LTDA

 

15 2101-8636

VILLARES METAL S/A

 

19  864-8217

 

FOREIGN SUPPLIERS:

COUNTRY:

 

DME COMPANY

UNITED STATES

 

EDELSTAHIL WITTEN-KREFELD GMBH

GERMANY

 

HOT SET HEIZPATRONEN UND ZUBEHOR GMBH

GERMANY

 

JAPAN MOLD COMPANENTS CO LTD

JAPAN

 

 

PAYMENT HISTORY:

 

7 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 70.782,00

 

AMOUNT OF INVOICES PAID: 41

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 8.123,00

HIGHEST CREDIT: R$ 8.123,00

 

 

 

FINAL OPINION:

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A NORMAL FINANCIAL STANDING, A CLEAR TRADE HISTORY AND NORMAL 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.44

UK Pound

1

Rs. 98.15

Euro

1

Rs. 77.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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.