MIRA INFORM REPORT

 

 

Report Date :

26.07.2014

 

IDENTIFICATION DETAILS

 

Name :

RHODIA POLIAMIDA E ESPECIALIDADES LTDA

 

 

Registered Office :

Avenida Maria Coelho De Aguiar, 215 1°. Andar, Bloco B, Parte 1 - Jardim São Luis 05804-902 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

04.12.1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of plastics, fibre wires and cables, synthetic fibres and related goods

 

 

No. of Employees

3061

 

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 – 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, 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

 

RHODIA POLIAMIDA E ESPECIALIDADES LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

AVENIDA MARIA COELHO DE AGUIAR, 215 1°. ANDAR, BLOCO B, PARTE 1 - JARDIM SÃO LUIS

ZIP CODE/CITY:

05804-902 - SÃO PAULO/SP

 

 

PHONE:             

11 3741-7505

FAX:

11 3741-7505

E-MAIL:

eduardo.santos@br.rhodia.com

WEB SITE:

www.rhodia.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA DOS ESTADOS,6144 - PARQUE JAÇATUBA

ZIP CODE/CITY:

09290-520 SANTO ANDRE/SP

PHONE:

11 4435-2000

CNPJ:

151.796.820-02

 

 

ADDRESS:

RUA ANÉZIA RUSTON,295 - JARDIM DAS INDÚSTRIAS

ZIP CODE/CITY:

12300-000 JACAREI/SP

PHONE:

12 353-5022

FAX:

12 351-5328

CNPJ:

15.179.682/0023-24

 

 

ADDRESS:

ESTRADA GALVÃO BUENO,5505 - BATISTINI

ZIP CODE/CITY:

09842-080 SÃO BERNARDO DO CAMPO/SP

PHONE:

11 4358-7777

FAX:

11 4358-5656

CNPJ:

15.179.682/0024-05

 

 

ADDRESS:

FAZENDA SÃO FRANCISCO,0 S/N°. PARTE - RURAL

ZIP CODE/CITY:

13140-000 PAULÍNIA/SP

PHONE:

19 3874-8000

FAX:

19 3874-2259

CNPJ:

15.179.682/0025-96

 

THE COMPANY HAS OTHER 13 BRANCHES.

 


 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF PLASTICS, FIBRE WIRES AND CABLES, SYNTHETIC FIBRES AND RELATED GOODS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

04/12/1998

REGISTER DATE:

04/12/1998

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

15.179.682/0001-19

STATE REGISTER:

104.971.819.116

 

 

SHARE CAPITAL:

R$ 577.413.448,00

 

BOARD OF DIRECTORS:

 

 

 

OSNI DE LIMA

DIRECTOR

FRANCISCO JOSE FERRAROLI DOS SANTOS

MANAGER

VICENT KAMEL

VICE-PRESIDENT DIRECTOR

PEDRO LUIZ FERREIRA DE MATTOS

MANAGER

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

RHODIANYL S.N.C. (FRANCE)

R$ 290.857.913,60

RHODIA BRASIL LTDA (BRAZIL)

R$ 244.937.425,60

RHODIA OPERATIONS

R$ 41.618.108,80

 

AFFILIATES / SUBSIDIARIES:

 

 

 

MCINTYRE DO BRASIL PRODUTOS QUIMICOS  LTDA

 

RHOPART - PARTICIPAÇÕES, SERVIÇOS E COMERCIO LTDA.

 

RHODIA ENERGY BRASIL LTDA

 

FIOPART-PARTICIPAÇÕES, SERV E COM DE FIOS INDUSTRIAIS LTDA

 

NEW PART - INVESTIMENTOS E EMPREENDIMETNOS

 

 


 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ORIGINALLY ESTABLISHED ON DECEMBER 04, 1998 AS RHODIA-STER FIPACK LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JULY 01, 2000 IT CHANGED ITS NAME TO RHODIA POLIAMIDA LTDA. ON AUGUST 05, 2002 IT ADOPTED THE ABOVE-NOTED CORPORATE NAME.

 

ON JULY 22, 2003 THE SUBJECT COMPANY TOOK OVER RHODIA ACETOW BRASIL LTDA.

 

TRADE NAME: RHODIA POLIAMIDA.

 

PARTNERS / DIRECTORS:

 

RHODIANYL S.N.C: HEADQUARTERED AT BOULOGNE, BILLANCOURT, 24-26M, QUAI ALPHONSE LE GALLO, 92512, FRANCE, REPRESENTED BY ITS ATTORNEY, MR. ANDRE LUIS RODRIGUES;

 

RHODIA BRASIL LTDA: HEADQUARTERED AT AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, JARDIM SÃO LUIZ, SÃO PAULO/SP, REGISTERED AT THE STATE OF SÃO PAULO NOTARY OFFICE UNDER 35.214.947.121, REPRESENTED BY ITS ATTORNEY, MR. ANDRE LUIS RODRIGUES;

 

RHODIANYL OPERATIONS: HEADQUARTERED AT AUBERVILLIERS, FRANCE, 40 RUE DA LA HAAEI COQ 93306, REPRESENTED BY ITS ATTORNEY, MR. ANDRE LUIS RODRIGUES;

 

RHODIA OPERACIONS: HEADQUARTERED AT AUBERVILLIERS, FRANCE, 40, RUE DA LA HAEI COQ 93306.

 

OSNI DE LIMA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 055.378.008-53 AND RG 4.387.089-2-SP, WITH OFFICE AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 1º ANDAR, JARDIM SÃO LUIZ, SÃO PAULO/SP;

 

VINCENT KAMEL: BRAZILIAN, HOLDER OF DOCUMENTS CPF 212.488.828-57, WITH OFFICE AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 1º ANDAR, JARDIM SÃO LUIZ, SÃO PAULO/SP;

 

PEDRO LUIZ FERREIRA DE MATTOS: BRAZILIAN, HOLDER OF DOCUMENTS CPF 936.391.988-91 AND RG 7.901.469-0-SP, WITH ADDRESS AT AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 1º ANDAR, JARDIM SÃO LUIS, ZIP CODE 05805-000, SÃO PAULO/SP;

 

FRANCISCO JOSE FERRAROLI DOS SANTOS: BRAZILIAN, HOLDER OF DOCUMENTS CPF 668.086.508-53 AND RG 4.766.107-0-SP, WITH ADDRESS AT AVENIDA MARIA COELHO DE AGUIAR, 215, BLOCO B, 1º ANDAR, JARDIM SÃO LUIS, ZIP CODE 05805-000, SÃO PAULO/SP.

 

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

 

PUBLIC INFORMATION:

 

PROTESTS:

 

15  PROTESTS,TOTAL AMOUNT R$ 92.557,64

    DATE OF FIRST PROTEST: 07/2009  R$ 443,08

    DATE OF HIGHEST PROTEST: 01/2012  R$ 30.37,50

 

DETAILS OF LATEST PROTESTS:

 

NOTARY OFFICE:

DATE:

VALUE:

2º CARTORIO DE CAMPINAS/SP

29/04/2014

R$ 5.331,90

1º CARTORIO DE SÃO BERNARDO DO CAMPO/SP

10/07/2014

R$ 220,85

1º CARTORIO DE SANTO ANDRÉ/SP

23/01/2014

R$ 917,58

1º CARTORIO DE SANTO ANDRE/AP

05/05/21014

R$ 1.950,00

2º CARTORIO DE SÃO BERNARDO DO CAMPO/SP

10/07/2014

R$ 96,00

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

6

STATE LAWSUTS

07/10/13

2ª VARA DE SANTO ANDRE/SP

1

FEDERAL LAWSUIT

31/01/14

1ª VARA DE SANTO ANDRE/SP

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

CASH AND BANKS

34.234

24.035

17.305

MARKETABLE SECURITIES

262.206

293.245

322.915

CLIENTS

253.073

248.904

247.361

INVENTORY

227.205

250.942

221.146

ADVANCE TO SUPPLIERS

369

185

482

CREDITS

5.585

2.062

21.385

RECOVERABLE TAXES

28.443

52.122

61.993

OTHER

6.617

3.109

5.326

 

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

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

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

TOTAL CURRENT ASSETS

817.732

874.604

897.913

 

LONG-TERM RECEIVABLES:

 

 

 

 

 

 

 

INTERCOMPANY CREDITS

394

6.713

5.841

JUDICIAL DEPOSITS

1.374

1.400

1.400

RECOVERABLE TAXES

4.989

3.407

3.881

OTHER CREDITS

14.113

12.925

10.193

 

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

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

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

TOTAL LONG-TERM RECEIVABLES

20.870

24.445

21.315

 

FIXED ASSETS:

 

 

 

 

 

 

 

INVESTMENTS

10

10

10

FIXED ASSETS

657.923

654.856

655.231

INTANGIBLE

17.736

18.800

18.911

 

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

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

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

TOTAL FIXED ASSETS

675.669

673.666

674.152

 

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

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

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

TOTAL ASSETS

1.514.271

1.572.715

1.593.380

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

SUPPLIERS

379.699

426.964

282.512

LOANS AND FINANCING

 

 

152.147

TRIBUTARY OBLIGATIONS

9.512

9.298

8.430

SOCIAL OBLIGATIONS

61.688

59.021

61.503

INTERESTS ON OWN CAPITAL

 

29.480

8.534

INTERCOMPANY DEBTS

135.533

136.173

186.462

DERIVATIVES OPERATIONS

129

33.003

 

OTHER

21.795

21.095

13.316

 

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

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

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

TOTAL CURRENT LIABILITIES

608.356

715.034

712.904

 

LONG TERM LIABILITIES:

 

 

 

 

 

 

 

INTERESTS ON OWN CAPITAL

29.480

 

 

OTHER

12.365

10.841

9.730

DEFERRED TAXES

4.865

3.968

25.969

PROVISION FOR CONTINGENCIES

37.825

32.324

35.080

 

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

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

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

TOTAL LONG TERM LIABILITIES

84.535

47.133

70.779

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

577.413

577.413

577.413

OTHER COMPREHENSIVE INCOME

184.363

154.673

200.336

PROFIT RESERVES

86.794

78.462

31.948

DIVIDENDS

-27.190

 

 

 

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

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

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

TOTAL NET EQUITY

821.380

810.548

809.697

 

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

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

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

TOTAL LIABILITIES

1.514.271

1.572.715

1.593.380

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2012, 31/12/2011 AND 31/12/2010.

( FIGURES ARE IN THOUSANDS OF REAIS ).

 

 

31/12/2012

31/12/2011

31/12/2010

 

 

 

 

GROSS SALES

3.053.614

3.005.380

2.805.378

(-) TAXES ON SALES

616.832

582.549

540.549

 

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

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

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

NET SALES

2.436.782

2.422.831

2.264.829

(-) COST OF SOLD GOODS

2.246.436

2.156.909

1.988.451

 

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

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

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

GROSS PROFIT

190.346

265.922

276.378

OPERATING REVENUE (EXPENSE)

-231.336

-218.445

-169.308

FINANCIAL REVENUE(EXPENSE)

16.213

33.484

16.882

 

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

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

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

OPERATIONAL PROFIT (LOSS)

-24.777

80.961

123.952

CONTRIBUTION/INCOME TAX

6.507

-15.692

-33.134

 

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

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

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

NET PROFIT (LOSS)

-18.270

65.269

90.818

 

RATIOS:

31/12/2012

31/12/2011

31/12/2010

 

QUICK RATIO

,97

 

,87

 

,95

 

CURRENT RATIO

1,34

 

1,22

 

1,26

 

ACCOUNTS RECEIVABLE TURNOVER

9,63

TIMES

9,73

TIMES

9,16

TIMES

DAYS' SALES IN RECEIVABLES

37,39

DAYS

36,98

DAYS

39,32

DAYS

INVENTORY TURNOVER

9,89

TIMES

8,60

TIMES

8,99

TIMES

ACCOUNTS PAYABLE PERIOD

60,85

DAYS

71,26

DAYS

51,15

DAYS

RETURN ON ASSETS

1,61

TIMES

1,54

TIMES

1,42

TIMES

SALES TURNOVER ON NET EQUITY

2,97

TIMES

2,99

TIMES

2,80

TIMES

NET WORTH TIE-UP

,80

 

,81

 

,81

 

INDEBTEDNESS

,84

 

,94

 

,97

 

EQUITY RATIO

54,24

%

51,54

%

50,82

%

WORKING CAPITAL RATIO

34,42

%

22,32

%

25,95

%

GENERAL SOLVENCY

2,19

 

2,06

 

2,03

 

RETURN ON NET EQUITY

-2,22

%

8,05

%

11,22

%

RETURN ON SALES (PROFIT MARGIN)

-,75

%

2,69

%

4,01

%

GROSS PROFIT MARGIN

7,81

%

10,98

%

12,20

%

OPERATIONAL RESULT

-1,02

%

3,34

%

5,47

%

SALES TURNOVER ON LIABILITIES

4,01

TIMES

3,39

TIMES

3,18

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,22

 - OFFICIAL RATE ON 23/07/2014

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.

 

THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS GOOD CURRENT RATIO AND POSTITIVE WORKING CAPITAL, AS WELL AS ACCEPTABLE LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES BUT ITS HIGH COSTS DROVE THE COMPANY TO MAKE NEGATIVE RESULTS.

REMARKS:

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

 

THE BALANCE SHEET FOR 2013 IS NOT READY YET.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

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

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO ITAU S/A

0912

SÃO PAULO/SP

BANCO BRADESCO S/A

0665

SÃO PAULO/SP

BANCO DO BRASIL S/A

3070-8

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

 

MANUFACTURE OF PLASTICS, FIBRE WIRES AND CABLES, SYNTHETIC FIBRES AND RELATED GOODS.

 

THE SUBJECT PRODUCTS ARE USED IN THE MANUFACTURE OF CLOTHES, TEXTILES, TEXTILES FOR CLEANING ACTIVITIES, AND OTHER CLOTHES FOR SPORTS AND INDUSTRIAL USAGE. IT ALSO MANUFACTURES TEXTILES AND ACCESSORIES FOR THE INDUSTRY OF CHEMICALS, DISPOSABLE TEXTILES AND RELATED GOODS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

FRANCE, U.S.A., GERMANY, JAPAN, ITALY, SWITZERLAND AND ENGLAND.

 

   EXPORTS TO:

CANADA, KOREA, CHINA, CHILE, VENEZUELA, COLOMBIA AND SOUTH AFRICA.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

 

ADATEX S/A INDUSTRIAL E COMERCIAL

JACAREI/SP

 

AIR PRODUCTS GASES INDUSTRIAIS LTDA

SÃO PAULO/SP

 

AKZO NOBEL LTDA

 

 

ASHLAND RESINAS LTDA

CAMPINAS/SP

 

AUTOMETAL S/A

DIADEMA/SP

 

BANDEIRANTE QUIMICA

 

 

BANN QUIMICA LTDA

SÃO PAULO/SP

 

BASF POLIURETANOS LTDA

MAUÁ/SP

 

BASF S/A

SÃO BERNARDO DO CAMPO/SP

 

BORDEN QUIMICA INDUSTRIA E COMERCIO LTDA

COTIA/SP

 

BRENNTAG QUIMICA BRASIL

 

 

BRIDGESTONE/FIRESTONE DO BRASIL IND COM LTDA

SANTO ANDRE/SP

 

CHARLEX INDUSTRIA TEXTIL LTDA

SÃO PAULO/SP

 

CIQUINE CIA PETROQUIMICA

TAUBATÉ/SP

 

COGNIS BRASIL LTDA

JACAREI/SP

 

COIM BRASIL LTDA

VINHEDO/SP

 

CORREIAS MERCÚRIO S/A IND E COMERCIO

JUNDIAI/SP

 

DELPHI AUTOMOTIVE SYSTEM LTDA

JAMBEIRO/SP

 

DELQUIMICA COMERCIAL LTDA

GUARULHOS/SP

 

DERQUIN IND COM PRODUTOS QUIMICOS

CURITIBA/PR

 

DOUAT CIA TEXTIL

JOINVILLE/SC

 

DOW BRASIL S/A

SÃO PAULO/SP

 

DU PONT PERFORMANCE COATINGS

 

 

DYNEA BRASIL S/A

ARAUCÁRIA/PR

 

ECOPUR IND COM PRODUTOS QUIMICOS LTDA

JUNDIAI/SP

 

ELEKEIROZ S/A

VÁRZES PAULISTA/SP

 

EQUIPESCA EQUIPAMENTOS DE PESCA LTDA

CAMPINAS/SP

 

FILTRONA BRASILEIRA INDUSTRIA E COMERCIO

SÃO PAULO/SP

 

FORMILINA IND COM DE LAMINADOS LTDA

SÃO PAULO/SP

 

GOODYEAR DO BRASIL PRODUTOS DE BORRACHA LTDA

AMERICANA/SP

 

HELLERMANN TYTON LTDA

JUNDIAI/SP

 

HERCULES DO BRASIL PRODS QUIMICOS LTDA

SÃO PAULO/SP

 

ICI PACKAGING COATING LTDA

SANTO ADRE/SP

 

INDUSRIAS LEVORIM S/A

GUARULHOS/SP

 

INDUSTRIAS DE MEIAS SCALINA LTDA

GUARULHOS/SP

 

INEOS SÍLICAS BRASIL LTDA

SÃO BERNARDO DO CAMPO/SP

 

IRIEL INDUSTRIA E COMERCIO

CANOAS/RS

 

KILLING S/A TINTAS E ADESIVOS

 

 

LINHASITA IND LINHAS PARA COSER LTDA

SP

 

LUPO S/A

ARARAQUARA/SP

 

MAGNETI MARELLI CONTR. MOTOR LTDA

HORTOLÂNDIA/SP

 

MALHARIA BERIAN LTDA

SÃO PAULO/SP

 

MARLES INDUSTRIA TEXTIL E COMERCIO LTDA

SÃO PAULO/SP

 

MAZZAFERRO IND COM POLIM LTDA

SÃO BERNARDO DO CAMPO/SP

 

OXITENO S/A INDUSTRIA E COMERCIO

SÃO PAULO/SP

 

PÉGASO TÊXTIL LTDA

SÃO PAULO/SP

 

PERTECH DO BRASIL TDA

SÃO BERNARDO DO CAMPO/SP

 

PETROPOL MAUÁ INDUSTRIA E COMERCIO

MAU/´S

 

PHILIP MORRIS BRASIL S/A

SÃO PAULO (CURITIBA/PR)/SP

 

PIRELLI PNEUS S/A

SANTO ANDRE/SP

 

PLÁSTICOS MARADEI IND E COM LTDA

DIADEMA/SP

 

POLICARBONATOS DO BRASIL S/A

CAMAÇARI/BA

 

POLYFORM TERMIPLASTICOS LTDA

SÃO PAULO/SP

 

RADICI PLASTICS LTDA

ARAÇARIGUAMA/SP

 

RENNER SAYERLACK S/A

 

 

RESINAS INTERNACIONAIS LTDA

JUNDIAÍ/SP

 

ROCHESTER IND E COM TEXTIL LTDA

ITAPEVI/SP

 

ROSET & CIA LTDA

SÃO PAULO/SP

 

SANTACONSTÂNCIA TECELAGEM S/A

SÃO PAULO/SP

 

SCANDIFLEX DO BRASIL S/A IND QUIICAS

MAUA/SP

 

SCHENCTADY BRASIL LTDA

ATIBAIA/SP

 

SCHENECTADY CRIOS S/A

RIO CLARO/SP

 

SELENE INDUSTRIA TEXTIL S/A

CERQUILHO/SP

 

SIEMENS VDO AUTOMOTIVE LTDA

SALTO SP

 

SOUZA CRUZ S/A

SÃO PAULO (UBERLÂNDIA/MG)/SP

 

TECELAGEM JACYRA LTDA

AMERICANA/SP

 

TECNOMATIZ RESINAS LTDA

SÃO PAULO/SP

 

TEXTIL DALUTEX LTDA

SOROCABA/SP

 

TYCO ELETRONICS BRASIL LTDA

BRAGANÇA PAULISTA/SP

 

VALEO SISTEMAS AUTOMOTIVOS LTDA

ITATIBA/SP

 

VICUNHA TEXTIL S/A

AMERICANA/SP

 

ZANINI IND AUTO PEÇAS LTDA

MATEUS LEME/MG

 

 

STAFF:

 

THE COMPANY HAS: 3061 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY MEMBER OF RHODIA GROUP. DESPITE SOME DETRIMENTAL FILES THE COMPANY STILL HAS A VERY GOOD REPUTATION AND IS CONSIDERED CREDITWORTHY BY SEVERAL LOCAL SOURCES INVESTIGATED.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

 

AIR LIQUIDE BRASIL LTDA

 

 

ANDRADE AÇÚCAR E ÁLCOOL S/A

 

 

BP CHEMICALS

 

 

CIA AÇUCAREIRA VALE DO ROSÁRIO

 

 

CIA ÁLCOOLQUIMICA NACIONAL

 

 

COMGÁS CIA DE GÁS DE SÃO PAULO

 

 

CPFL CIA PAULISTA DE FORÇA E LUZ

 

 

ELEKEIROZ S/A

 

 

ELETROPAULO ELETRICIDADE DE SÃO PAULO S/A

 

 

GEORFIA GULF CORPORATION

 

 

INEOS PHENOL INC

 

 

MONTCALM MONTAGENS INDUSTRIAIS S/A

 

 

OWENS CORNING FIBERGLASS AS LTDA

 

 

PETROBRAS DISTRIBUIDORA S/A

 

 

PETROQUIMICA UNIÃO S/A

 

 

RUBI SÃ COMERCIO E INDUSTRIA

 

 

ULTRAFERTIL S/A

 

 

UNIPAR UNIÃO INDUSTRIAS QUIMICAS S/A

 

 

USINA DE AÇÚCAR E ÁLCOOL MB LTDA

 

 

 

PAYMENT HISTORY:

 

38 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 5.953.851,00

 

AMOUNT OF INVOICES PAID: 341

TOTAL OF PROMPT PAYMENTS: 98,7%

TOTAL OF DELAYED PAYMENTS: 1,3%

 

HIGHEST INVOICE: R$ 192.800,00

HIGHEST CREDIT: R$ 2.673.220,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 90 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

3

22

R$ 2.965.096,44

DUE WITHIN 91 DAYS

1

1

R$ 222.600,30

 

 

FINAL OPINION

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY WITH A VERY GOOD TRADE REPUTATION. IT HAS A HIGH SCALE OF OPERATIONS AND A HUGE FINANCIAL POWER. FURTHERMORE, IT IS A SUBSIDIARY OF RHODIA GROUP WHICH IS WELL-KNOWN WORLDWIDE.

 

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.

 

DESPITE THE NEGATIVE RESULTS THE COMPANY STILL HAS HIGH FINANCIAL POWER AND AN INITIAL.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.14

UK Pound

1

Rs.102.22

Euro

1

Rs.81.02

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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.